THE IMPACT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON FIRM VALUE: EVIDENCE FROM COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX)

ALIYYAH, PUTRI ADANY and Mukhtaruddin, Mukhtaruddin (2025) THE IMPACT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) DISCLOSURE ON FIRM VALUE: EVIDENCE FROM COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE (IDX). Undergraduate thesis, Sriwijaya University.

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Abstract

This study examines the relationship between ESG disclosure and firm value for companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. Using panel data regression analysis of 28 companies (84 observations), the research measures ESG performance through Refinitiv Eikon scores and firm value via Tobin's Q. The results indicate that while ESG factors collectively influence firm value, individual environmental, social, and governance disclosures show no significant partial effects. Firm size demonstrates a significant negative correlation with valuation, whereas profitability (ROA) exhibits no measurable impact. These findings suggest that Indonesian investors may prioritize short-term financial metrics over sustainability reporting. Keywords: ESG disclosure, firm value, Tobin’s Q, Indonesia Stock Exchange, sustainability reporting.

Item Type:	Thesis (Undergraduate)
Uncontrolled Keywords:	Pengungkapan ESG,Nilai Perusahaan
Subjects:	H Social Sciences > HF Commerce > HF5601 Accounting
Divisions:	01-Faculty of Economics > 62201-Accounting (S1)
Depositing User:	Aliyyah Putri Adany
Date Deposited:	22 Jul 2025 07:09
Last Modified:	22 Jul 2025 07:09
URI:	http://repository.unsri.ac.id/id/eprint/179616

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