DOES SUSTAINABILITY RATING REALLY MATTER?
DOI:
https://doi.org/10.29303/akurasi.v8i1.700Kata Kunci:
ASRRAT, kinerja perusahaan, keberlanjutanAbstrak
Asia Sustainability Reporting Rating (ASRRAT) memacu adopsi praktik keberlanjutan. Studi komparatif kinerja ekonomi perusahaan dengan dan tanpa rating masih terbatas. Melalui lensa teori legitimasi, studi ini mengevaluasi kinerja keuangan anggota ASRRAT dan non-anggota. Populasi merupakan perusahaan yang terdaftar di BEI periode 2020-2022. Data keuangan diperoleh dari database Bloomberg. Dengan menggunakan purposive sampling, diperoleh 527 data observasi (122 untuk anggota ASRRAT) yang diuji menggunakan independent sample t-test. Hasil menunjukkan bahwa keanggotaan ASRRAT memengaruhi beberapa metrik keuangan, meskipun dampak terhadap kinerja keseluruhan tidak konsisten. Hal ini menimbulkan pertanyaan kritis mengenai efektivitas ASRRAT dalam mendorong praktik keberlanjutan yang substantif, bukan sekadar mencapai tujuan reputasi. Implikasi praktis penelitian ini mendorong fokus perusahaan pada aksi keberlanjutan terukur yang berdampak finansial, serta mendesak ASRRAT mengembangkan kriteria berbasis hasil yang berkorelasi dengan keuangan.
Unduhan
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