PENGARUH PENGUNGKAPAN ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) SERTA KUALITAS PELAPORAN KEUANGAN TERHADAP EFISIENSI INVESTASI

Abstract

This study examines the disclosure of Environmental, Social, and Governance (ESG) and financial statement reporting on investment efficiency in manufacturing sector companies listed on the Indonesia Stock Exchange in 2020-2022. The variables used in this study are ESG disclosure and reporting quality and the dependent variable used is investment efficiency and the control variables are financial resources, tangibility assets, leverage, company size, company age, and company performance.  This study uses multiple regression analysis methods with this research population, namely manufacturing sector companies listed on the Indonesian Stock Exchange in 2020-2022. By using purposive sampling technique in collecting samples, 108 research samples were obtained. The results of this study found that ESG and financial reporting quality have a positive and significant effect on investment efficiency and the results of the simultaneous significance test show that ESG variables, reporting quality, and other control variables together have a significant effect on investment efficiency.