Pengaruh Green Accounting, Kinerja Lingkungan dan Corporate Social Responsibility (CSR) terhadap Nilai Perusahaan

Abstract

This study examines the effect of Green Accounting, Environmental Performance, and Corporate Social Responsibility (CSR) on firm value in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. The sample was selected using purposive sampling, resulting in 35 companies. The analytical method employed in this study is panel regression analysis. The results show that Green Accounting, Environmental Performance, and CSR do not have a significant effect on firm value. These findings suggest that sustainability-related information has not yet become a primary consideration for investors when assessing firm value in the Indonesian energy sector. Despite the growing importance of sustainability, the study indicates that companies in this sector may not fully leverage their environmental and social initiatives to enhance firm value. The practical implication of this study highlights the importance of improving the quality and consistency of environmental and social disclosures. Companies should focus on enhancing the transparency and relevance of sustainability information to increase its usefulness in capital market decision-making, thus potentially boosting investor confidence and firm valuation in the future.