Board Characteristics Dan Kinerja Environmental, Social, and Governance (ESG) Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia

Abstract

This study aims to examine the influence of board gender diversity, board tenure, and board meeting frequency on ESG (Environmental, Social, and Governance) performance. Board characteristics are presumed to enhance ESG performance. The sample consists of 378 observations from companies listed on the Indonesia Stock Exchange during the 2018–2023 period. Data were collected from annual reports and the Refinitiv Eikon database. The analysis was conducted using the Generalized Least Squares (GLS) method. The results showed that board gender diversity and frequency of board meetings have a positive effect on ESG performance. While board tenure has a negative effect on ESG performance.

Penelitian ini bertujuan menguji pengaruh board gender diversity, board tenure, dan frekuensi rapat dewan terhadap kinerja ESG. Karakteristik dewan diduga bisa meningkatkan kinerja ESG. Sampel penelitian ini sebanyak 378 observasi yang merupakan perusahaan yang terdaftar di Bursa Efek Indonesia periode 2018-2023. Data penelitian didapatkan dari laporan tahunan perusahaan dan database Refinitiv Eikon. Pengujian dilakukan menggunakan Generalized Least Squares (GLS). Hasil penelitian menunjukkan bahwa bahwa board gender diversity dan frekuensi rapat dewan berpengaruh positif terhadap kinerja ESG. Sedangkan board tenure berpengaruh negatif terhadap kinerja ESG.