ANALYSIS OF THE EFFECT OF CARBON EMISSION DISCLOSURE, CORPORATE SOCIAL RESPONSIBILITY, AND ENVIRONMENTAL COSTS ON FIRM VALUE WITH PROFITABILITY AS A MODERATOR IN ENERGY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2021-2024
Keywords:
Firm Value, Carbon Emission Disclosure, Corporate Social Responsibility, Environmental Costs, Profitability, Firm SizeAbstract
This study aims to empirically examine the influence of carbon emission disclosure, Corporate Social Responsibility (CSR), and environmental costs on firm value within the energy sector in Indonesia, with profitability as a moderating variable and firm size as a control variable. Firm value is measured using the Tobin’s Q ratio. Employing a quantitative approach, this research utilizes secondary data sourced from annual and sustainability reports for the 2021-2024 period. Based on the purposive sampling method, 88 observations were obtained and analyzed using panel data regression via Stata 17 software. The research results indicate that Corporate Social Responsibility has a negative effect on firm value, while environmental costs have a significant positive effect on firm value. Conversely, the carbon emission disclosure variable and the three interaction variables moderated by profitability do not have any influence on firm value.
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