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
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
SubjectsH Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
H Social Sciences > HG Finance
H Social Sciences > HJ Public Finance
KeywordsClimate Risk Disclosure, Environmental Performance, Financial
Performance, Stock Price, Mining Company
Item ID6719
Deposited08 Mar 2025 02:29