Pengaruh Profitabilitas, Environmental Social Governance (ESG) Dan Green Accounting Terhadap Nilai Perusahaan Dengan Variabel Kontrol Leverage Dan Ukuran Perusahaan

Abstract

This study aims to investigate the impact of Profitability, Environmental Social Governance (ESG), and Green Accounting on Firm Value with controlling variables for Leverage and Firm Size (in mining companies listed on the Indonesia Stock Exchange for the period 2019-2023). Using quantitative methods with secondary data sources in the form of annual reports and sustainability reports of mining companies sourced from the Indonesian Stock Exchange. The samples used in this study were 8 companies. This study used multiple linear regression techniques with the f-test, t-test and coefficient of determination. The data obtained were then processed using Microsoft Excel 2021 and EViews version 13. The results of this study show that: 1) Profitability has no significant impact on Firm Value, 2) Environmental Social Governance (ESG) has no significant impact on Firm Value, 3) Green Accounting has a significant negative impact on Firm Value, 4) Profitability, Environmental Social Governance (ESG), Green Accounting, Leverage and Firm Size together have a significant impact on Firm Value. The adjusted R-squared value of the research results is 0.600318, which indicates that 60% of the firm value variable is influenced by profitability, environmental social and governance (ESG), Green Accounting, leverage and firm size, while the remaining 40% is influenced by other variables.

Keywords: Profitability, ESG, Green Accounting, Leverage, Firm Size, and Firm Value.