Likuiditas, ESG Disclosure dan Kinerja Keuangan Perusahaan Pada Indeks IDX ESG Leaders 2022-2024

Authors

  • Ayunda Musliah Program Studi Akuntansi, Fakultas Ekonomi, Universitas Pasir Pengaraian
  • Nofrianty Program Studi Akuntansi, Fakultas Ekonomi, Universitas Pasir Pengaraian
  • Zulkarnain Program Studi Akuntansi, Fakultas Ekonomi, Universitas Pasir Pengaraian

DOI:

https://doi.org/10.31004/edp.v3i3.177

Keywords:

Liquidity, ESG Disclosure, Financial Performance

Abstract

This study aimed to analyze the effect of liquidity and Environmental, Social, and Governance (ESG) Disclosure on the financial performance of companies listed in the IDX ESG Leaders Index during the 2022-2024 period. This research used a quantitative approach with secondary data obtained from annual reports and sustainability reports. The population consisted of 40 companies listed in the IDX ESG Leaders Index during the 2022-2024 period. Based on purposive sampling, 20 companies were selected as the sample, with a three-year observation period, resulting in 60 observations. The data were analyzed using multiple linear regression with the assistance of SPSS, including classical assumption tests, the coefficient of determination (R²), the t-test, and the F-test. The results showed that liquidity had no significant effect on financial performance (Sig. 0.890 > 0.05), while ESG Disclosure had a positive and significant effect on financial performance (Sig. 0.009 < 0.05). Simultaneously, liquidity and ESG Disclosure had a significant effect on financial performance (Sig. 0.030 < 0.05), explaining 8.7 percent of the variance (Adjusted R² = 0.087). These findings indicated that a high level of liquidity did not necessarily improve a company's ability to generate profit, while better ESG disclosure supported improved financial performance. This study is expected to provide consideration for companies in improving the quality of ESG disclosure and managing liquidity effectively.

 

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Published

2026-07-31

How to Cite

Musliah, A., Nofrianty, & Zulkarnain. (2026). Likuiditas, ESG Disclosure dan Kinerja Keuangan Perusahaan Pada Indeks IDX ESG Leaders 2022-2024. Journal of Exploratory Dynamic Problems, 3(3), 405–411. https://doi.org/10.31004/edp.v3i3.177

Issue

Vol. 3 No. 3 (2026): No.3 Vol.3 2026

Section

Articles

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