relation: https://eprints.untirta.ac.id/49795/
title: PERINGKAT RISIKO ESG (ESG RISK RATING) DAN NILAI PERUSAHAAN: ANALISIS MEDIASI PEMANFAATAN ASET DAN MODERASI PROFITABILITAS  (Studi Empiris pada Perusahaan yang Terdaftar di IDXESGL periode 2020-2023)
creator: Saputro, Tri Hijrah
subject: HG Finance
description: This study examines the impact of ESG Risk Rating on firm value, with asset utilization efficiency as a mediator and profitability as a moderator. The sample includes 13 non-financial companies consistently listed in IDXESGL during 2020–2023. A hierarchical modeling approach is applied using a combination of the baseline model (simple linear regression) and Hayes PROCESS Models 4, 7, 14, and 58. Results show that ESG does not directly affect firm value but has an indirect effect through efficiency, depending on profitability levels. Profitability significantly strengthens the efficiency–value relationship but does not moderate the ESG–efficiency path. Model 58, as the most comprehensive, indicates that the ESG–value relationship is nonlinear and context-specific. Results remain robust under sensitivity tests and additional analyses. This study supports Stakeholder and RBV theory, showing that ESG contributes to firm value only when aligned with internal efficiency and the firm’s ability to generate profits.
date: 2025
type: Thesis
type: NonPeerReviewed
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identifier: https://eprints.untirta.ac.id/49795/19/Tri%20Hijrah%20Saputro_7776230004_Fulltext.pdf
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identifier: https://eprints.untirta.ac.id/49795/2/Tri%20Hijrah%20Saputro_7776230004_CP.pdf
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identifier: https://eprints.untirta.ac.id/49795/4/Tri%20Hijrah%20Saputro_7776230004_02.pdf
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identifier: https://eprints.untirta.ac.id/49795/5/Tri%20Hijrah%20Saputro_7776230004_03.pdf
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identifier: https://eprints.untirta.ac.id/49795/6/Tri%20Hijrah%20Saputro_7776230004_04.pdf
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identifier: https://eprints.untirta.ac.id/49795/7/Tri%20Hijrah%20Saputro_7776230004_05.pdf
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identifier: https://eprints.untirta.ac.id/49795/8/Tri%20Hijrah%20Saputro_7776230004_Ref.pdf
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identifier: https://eprints.untirta.ac.id/49795/9/Tri%20Hijrah%20Saputro_7776230004_Lamp.pdf
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language: en
identifier: https://eprints.untirta.ac.id/49795/23/Tri%20Hijrah%20Saputro_7776230004_01.pdf
identifier:   Saputro, Tri Hijrah  (2025) PERINGKAT RISIKO ESG (ESG RISK RATING) DAN NILAI PERUSAHAAN: ANALISIS MEDIASI PEMANFAATAN ASET DAN MODERASI PROFITABILITAS (Studi Empiris pada Perusahaan yang Terdaftar di IDXESGL periode 2020-2023).  Master thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.   
relation: http://dx.doi.org/10.69693/ijim.v2i2.144