PENGARUH PENGUNGKAPAN KEBERLANJUTAN DAN TATA KELOLA LINGKUNGAN TERHADAP KEPUTUSAN INVESTASI PADA PERUSAHAAN SEKTOR PERTAMBANGAN

Rahayu Tri Lestari; RM Rum Hendarmin; Mutiara Kemala Ratu

doi:10.37301/jkaa.v22i1.282

Authors

Rahayu Tri Lestari Universitas Indo Global Mandiri
RM Rum Hendarmin Universitas Indo Global Mandiri
Mutiara Kemala Ratu Universitas Indo Global Mandiri

DOI:

https://doi.org/10.37301/jkaa.v22i1.282

Keywords:

Pengungkapan Keberlanjutan, Tata Kelola Lingkungan, Keputusan Investasi, Sektor Pertambangan

Abstract

This study investigates the extent to which sustainability reporting and environmental governance shape investment decisions for mining companies listed on thepIndonesia Stock Exchange betweeny2022 and 2024. Growing investor interest in non-financial metrics is pushing firms to boost transparency through sustainability disclosures and environmental governance frameworks. Using a quantitative methodology, the research draws on secondarybdata from annual and sustainability reports, with samples chosen via purposiveusampling. Data analysis employed multiple linear regression following the confirmation of classical assumption tests. The results reveal that sustainability disclosure positively influences investment choices, whereas environmental governance shows a negative influence. Yet, jointly, both factors significantly impact investment decisions. These findings suggest that investors are more responsive to open sustainability information, while environmental governance in the mining sector has not yet been fully perceived as a positive signal. Consequently, this research offers valuable insights for companies, investors, and regulators to enhance non-financial disclosure quality in the Indonesian capital market.

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