Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)

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The Impact of ESG Risk Score and Disclosure on Financial Performance: Moderating Role of Gender Diversity

Authors
Dinda Reskiana Putri1, *, Gagaring Pagalung1, Syarifuddin Rasyid1
1Faculty of Economic and Business, Hasanuddin University, Makassar, Indonesia
*Corresponding author. Email: Putridr22a@student.unhas.ac.id
Corresponding Author
Dinda Reskiana Putri
Available Online 30 July 2025.
DOI
10.2991/978-94-6463-758-8_33How to use a DOI?
Keywords
Environmental; Social; Governance; Risk Score; Disclosure; Financial Performance; Gender Diversity
Abstract

Global efforts to achieve the Sustainable Development Goals (SDGs) have resulted in a shift in business trends that focus on sustainability issues. Environmental, Social, and Governance (ESG) is one of the principles or business practices that can support the sustainability of a company. This study aims to test and analyze the effect of ESG risk score and disclosure on financial performance with gender diversity as a moderating variable. Data is obtained from the financial statements and sustainability reports of 18 companies that are consistently listed in the ESG Leaders index on the Indonesia Stock Exchange for the period 2020-2023. Data were analyzed using multiple linear regression analysis and moderated regression analysis. The findings show that ESG risk score has a negative effect on financial performance (ROA), while ESG disclosure is found to have a positive effect. Additionally, gender diversity is able to moderate the relationship between these variables. The findings of this study imply that companies need to consider ESG risk scores and disclosures on financial performance, especially with gender diversity as a moderator. For investors, these findings can be a reference in investing in companies that care about the social environment and its governance.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
30 July 2025
ISBN
978-94-6463-758-8
ISSN
2352-5428
DOI
10.2991/978-94-6463-758-8_33How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Dinda Reskiana Putri
AU  - Gagaring Pagalung
AU  - Syarifuddin Rasyid
PY  - 2025
DA  - 2025/07/30
TI  - The Impact of ESG Risk Score and Disclosure on Financial Performance: Moderating Role of Gender Diversity
BT  - Proceedings of the 9th International Conference on Accounting, Management, and Economics 2024 (ICAME 2024)
PB  - Atlantis Press
SP  - 375
EP  - 393
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-758-8_33
DO  - 10.2991/978-94-6463-758-8_33
ID  - Putri2025
ER  -