Muhammad Wildan Farhan
221104020906

Penelitian ini bertujuan untuk menganalisis pengaruh kinerja keuangan dan kinerja
non-keuangan terhadap nilai pasar perusahaan pada sektor perbankan yang terdaftar
di Bursa Efek Indonesia periode 2020–2024. Kinerja keuangan diproksikan dengan
Return on Assets (ROA), kinerja non-keuangan diproksikan dengan Environmental,
Social, and Governance (ESG) Score, sedangkan nilai pasar perusahaan diukur
menggunakan Price to Book Value (PBV). Penelitian ini menggunakan metode
kuantitatif dengan data sekunder yang diperoleh dari laporan tahunan perusahaan,
Bursa Efek Indonesia, dan Bloomberg ESG Data Service. Teknik pengambilan
sampel menggunakan purposive sampling sehingga diperoleh perusahaan yang
memenuhi kriteria penelitian. Analisis data dilakukan menggunakan regresi data
panel dengan bantuan aplikasi EViews 12. Hasil penelitian menunjukkan bahwa
kinerja keuangan berpengaruh positif terhadap nilai pasar perusahaan. Sementara
itu, kinerja non-keuangan tidak berpengaruh terhadap nilai pasar perusahaan. Selain
itu, secara simultan kinerja keuangan dan kinerja non-keuangan tidak berpengaruh
terhadap nilai pasar perusahaan.
Kata Kunci: Kinerja Keuangan, Kinerja Non-Keuangan, ESG Score, Nilai Pasar.

This study aims to analyze the influence of financial and non-financial performance
on the market value of companies in the banking sector listed on the indonesia stock
exchange for the 2020–2024 period. Financial performance is proxied by return on
assets (roa), non-financial performance is proxied by the environmental, social,
and governance (esg) score, while company market value is measured using price
to book value (pbv). This study uses quantitative methods with secondary data
obtained from company annual reports, the indonesia stock exchange, and
bloomberg esg data service. The sampling technique used purposive sampling to
select companies that meet the research criteria. Data analysis was performed
using panel data regression with the help of the eviews 12 application. The results
show that financial performance has a positive effect on company market value.
Meanwhile, non-financial performance has no effect on company market value.
Furthermore,
financial
performance
and non-financial performance
simultaneously have no effect on company market value.
Keywords: financial performance, non-financial performance, esg score, market
value.