Pengaruh praktik esg terhadap return saham dengan kapabilitas inovasi sebagai variabel moderasi
Penerbit : FEB - Usakti
Kota Terbit : Jakarta
Tahun Terbit : 2026
Pembimbing 1 : Idrianita Anis
Kata Kunci : Stock Return, ESG and Innovation Capability
Status Posting : Published
Status : Lengkap
| No. | Nama File | Hal. | Link |
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| 1. | 2026_SK_SAK_023002102011_Halaman-Judul.pdf | ||
| 2. | 2026_SK_SAK_023002102011_Surat-Pernyataan-Revisi-Terakhir.pdf | 1 | |
| 3. | 2026_SK_SAK_023002102011_Surat-Hasil-Similaritas.pdf | 1 | |
| 4. | 2026_SK_SAK_023002102011_Halaman-Pernyataan-Persetujuan-Publikasi-Tugas-Akhir-untuk-Kepentingan-Akademis.pdf | 1 | |
| 5. | 2026_SK_SAK_023002102011_Lembar-Pengesahan.pdf | 4 | |
| 6. | 2026_SK_SAK_023002102011_Pernyataan-Orisinalitas.pdf | 1 | |
| 7. | 2026_SK_SAK_023002102011_Formulir-Persetujuan-Publikasi-Karya-Ilmiah.pdf | 1 | |
| 8. | 2026_SK_SAK_023002102011_Bab-1.pdf | ||
| 9. | 2026_SK_SAK_023002102011_Bab-2.pdf |
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| 10. | 2026_SK_SAK_023002102011_Bab-3.pdf |
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| 11. | 2026_SK_SAK_023002102011_Bab-4.pdf |
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| 12. | 2026_SK_SAK_023002102011_Bab-5.pdf | ||
| 13. | 2026_SK_SAK_023002102011_Daftar-Pustaka.pdf | ||
| 14. | 2026_SK_SAK_023002102011_Lampiran.pdf |
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P Penelitian ini mengkaji pengaruh praktik lingkungan, sosial, dan tata kelola (environmental, social, and governance/esg) terhadap return saham dengan kapabilitas inovasi sebagai variabel moderasi. sampel penelitian terdiri atas perusahaan sektor healthcare yang terdaftar di bursa efek indonesia (bei) selama periode 2018–2024. penelitian ini menggunakan analisis regresi data panel dengan bantuan perangkat lunak eviews 12. pengukuran praktik esg dilakukan menggunakan triple i framework yang mencakup sustainability intention, sustainability integration, dan sustainability implementation. hasil empiris menunjukkan bahwa sustainability intention berpengaruh positif dan signifikan terhadap return saham, sedangkan sustainability integration dan sustainability implementation tidak menunjukkan pengaruh yang signifikan. selain itu, kapabilitas inovasi berpengaruh positif terhadap return saham serta mampu memperkuat hubungan antara praktik esg dan return saham. temuan ini mengindikasikan bahwa pelaku pasar modal lebih merespons komitmen strategis perusahaan terhadap keberlanjutan dibandingkan integrasi dan implementasi operasional praktik esg. penelitian ini memberikan kontribusi terhadap literatur esg dengan menekankan peran kapabilitas inovasi dalam meningkatkan relevansi nilai praktik keberlanjutan pada konteks pasar berkembang.
T This study investigates the effect of environmental, social, and governance (esg) practices on stock returns, with innovation capability serving as a moderating variable. the sample consists of healthcare sector companies listed on the indonesia stock exchange (idx) over the 2018–2024 period. panel data regression analysis is employed using eviews 12. esg practices are measured using the triple i framework, which comprises sustainability intention, sustainability integration, and sustainability implementation. the empirical findings indicate that sustainability intention has a positive and significant effect on stock returns, while sustainability integration and sustainability implementation do not exhibit a significant impact. in addition, innovation capability positively affects stock returns and strengthens the relationship between esg practices and stock returns. these results suggest that capital market participants respond more strongly to firms’ strategic commitment to sustainability rather than to the operational integration and implementation of esg practices. this study contributes to the esg literature by highlighting the importance of innovation capability in enhancing the value relevance of sustainability practices in an emerging market context.