Influence of Profitability, Corporate Governance, CSR, Carbon Emission Disclosure, and Tax Avoidance on Firm Value

Abstract

This study analyzes the impact of profitability, board of commissioners’ independence, audit committee, corporate social responsibility, carbon emission disclosure, and tax avoidance on firm value in energy sector manufacturing companies listed on the Indonesia Stock Exchange for 2019–2023. Using a quantitative approach, data were collected through annual financial and sustainability reports. Purposive sampling produced 9 companies over 5 years, totaling 45 observations. Data analysis employed descriptive statistics, classical assumption tests, multiple regression, and hypothesis testing with SPSS 26. Results show: (1) profitability and carbon emission disclosure have a significant positive effect on firm value; (2) board independence has a significant negative effect; (3) audit committee, corporate social responsibility, and tax avoidance have no significant effect on firm value.