Thesis Published

The Effect of Climate Risk Disclosure, Environmental Performance, and Financial Performance on the Stock Price of Mining Companies Listed on the Indonesian Sharia Stock Index (ISSI) in 2021-2023

Rizqi, Nadia
Abstract
In recent years, investors and stakeholders have become increasingly aware of the importance of climate change and environmental sustainability, demanding greater disclosure from companies about their environmental policies. This study analyzes the influence of climate risk disclosure, environmental performance, and financial performance on the stock prices of mining companies listed on the Indonesian Sharia Stock Index (ISSI) for the 2021-2023 period. This study uses quantitative research techniques and secondary data from financial statements and sustainability reports to examine the impact of climate risk disclosure and performance on stock prices. The results show that climate risk disclosure, environmental performance, and financial performance simultaneously affect stock prices. Separately, climate risk disclosures have a positive effect on stock prices, although environmental and financial performance do not affect stock prices. Additional conditions analyzed in this study include the variability in disclosure practices among different companies and the specific regulatory framework in Indonesia that may influence the relationship between climate risk disclosure and stock prices. Furthermore, the study considers the potential impact of external factors such as global economic conditions and commodity price fluctuations on the stock prices of mining companies. This study contributes to the current literature by presenting empirical data on the role of sustainability practices in increasing corporate value, especially in Sharia-compliant investments. These findings highlight the importance of mining companies implementing transparent disclosure policies and improving their environmental performance to attract investors and increase market value. The usefulness of this research lies in its ability to inform policymakers, investors, and corporate managers about the critical role of climate risk disclosure and environmental performance in shaping investor behavior and stock market performance. Additionally, it provides a foundation for further studies on the impact of sustainability practices in other sectors and regions.
Publication Details
InstitutionUniversitas Darussalam Gontor
DepartmentManagement
KeywordsClimate Risk Disclosure, Environmental Performance, Financial Performance, Stock Price, Mining Company
Item ID6719
Deposited08 Mar 2025 02:29
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