Thank you for your question Mr.Hamdan.
The benefit of research for stakeholder such as to control the invesment in firms for their ESG activity. The stakeholder can read the factors that influence in ESG and share price are devidend sharing and market capitalization.
6. The research results show that dividend policy and market capitalization have no
effect on stock prices. The reasons why these two variables have no effect need to be
explained both based on theoretical logic and based on empirical conditions in the unit
of analysis?
Replies:
ESG is an activity to increase firm value so that ESG will increase share price. the salient things / important things in ESG and share price such as ESG activity include Sustainable for business operation. The important factors that mediate in ESG on share price are devidend and market capitalization. Sustainable in business operation with devidend sharing and market capitalization will give impact the increasing of ESG to share price. Thank You Ms.Eudia
