GREEN FINANCE AND ENVIRONMENTAL PERFORMANCE ON FIRM VALUE: MEDIATION ROLE OF PROFITABILITY FOOD AND BEVERAGE COMPANIES LISTED ON THE IDX

Abstract

The study aims to examine the effect of Green Finance and Environmental Performance on Firm Value with Profitability as a mediating variable The panel data model with Path Analysis is used to process data in this study. The results of statistical data processing on 130 observed samples from 26 food and beverage companies listed on the IDX for the 2019-2023 period show that green finance and environmental performance have no effect on firm value. However, environmental performance has a significant negative effect on profitability. The sobel test value shows that profitability does not mediate the effect of green finance and environmental performance on firm value.