Pengaruh Environmental, Social, Governance (ESG), Profitabilitas, dan Leverage terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Makanan dan Minuman di Bursa Efek Indonesia
DOI:
https://doi.org/10.47747/snfmi.v3i1.3184Abstract
The business world has consistently faced criticism for its environmental and social impacts. To mitigate this criticism, many countries have required companies to publish ESG (Environmental, Social, and Governance) reports. The business world is focused on sustainable development through the disclosure of ESG principles to support the 2030 SDGs. This study aims to examine the relationships among Environmental, Social, and Governance (ESG) disclosure, profitability, leverage, and firm value. The subjects of this study were food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2022-2023 period. The sample used consisted of 17 food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2022-2023 period. The results show that environmental and social governance have no effect on firm value. Meanwhile, profitability and leverage do influence firm value. This finding is relevant to the current business world, as it indicates that investors tend to focus on short-term information, while corporate practices with long-term impacts are not.
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