The influence of green accounting, corporate social disclosure, carbon emission disclosure, and green product innovation on firm value

Abstract

This study seeks to analyze the effect of green accounting, corporate social responsibility (CSR), carbon emission disclosure (CED), and green product innovation (GPI) on the firm value of Indonesian listed manufacturing firms in 2019-2023. Data were obtained from PROPER and sample firms’ sustainability and financial statements and analyzed with the panel data multiple regression analysis run by E-views 12 software. Sample firms were selected using purposive sampling, yielding 100 final sample firms.  Our findings reveal that CSR positively affects firm value in the overall sample and both subsamples, while CED and GPI exhibit positive effects on firm value only for the low CSR subsample, while green accounting has no significant effect in the overall sample and both subsamples. These findings highlight the importance of social and environmental responsibility and green innovation, especially for firms seeking to promote their sustainable reputation. Besides, this study offers practical insights for firms and policymakers in designing sustainability strategies.