Board Gender Diversity as A Moderator in The Effect of ESG Performance on Systematic Risk
DOI:
https://doi.org/10.33603/jka.v9i2.10032Kata Kunci:
Keberagaman gender, Lingkungan, Risiko sistematis, Sosial dan tata kelola (ESG)Abstrak
Keberagaman gender pada dewan direksi sangat penting untuk mengurangi risiko sistematis pada perusahaan manufaktur. Untuk memitigasi risiko tersebut, perusahaan manufaktur di Indonesia perlu memperhatikan dan memperkuat kinerja lingkungan, sosial, dan tata kelola (ESG). Penelitian ini bertujuan untuk menguji secara empiris pengaruh kinerja lingkungan, sosial, dan tata kelola (ESG) terhadap risiko sistematis dengan keberagaman gender pada dewan direksi sebagai moderasi pada perusahaan manufaktur di Indonesia. Teknik pengambilan sampel yang digunakan adalah purposive sampling. Jumlah sampel dalam penelitian ini sebanyak 16 perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) selama tahun 2019-2023. Analisis data dilakukan dengan menggunakan program SPSS dan Gretl. Hasil empiris penelitian ini memberikan bukti adanya pengaruh negatif kinerja lingkungan dan tata kelola terhadap risiko sistematis. Namun, kinerja sosial tidak memiliki risiko sistematis. Penelitian ini berhasil membuktikan bahwa keberagaman gender pada dewan direksi memoderasi hubungan antara kinerja lingkungan, kinerja sosial, dan kinerja tata kelola terhadap risiko sistematis. Penelitian ini dapat menjadi landasan bagi perusahaan untuk memperkuat dan meningkatkan kinerja lingkungan, sosial, tata kelola (ESG), dan keberagaman gender di jajaran direksi untuk mengurangi risiko sistematis dan memenuhi harapan para pemangku kepentingan.
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