The Effect of Environmental, Social, and Governance (ESG) Disclosure on the Value of Industrials Sector Companies Listed on the IDX for the 2022-2024 Period

Shevi Andrea Valenia; Rasyidi Faiz Akbar

Authors

Shevi Andrea Valenia Department of Management, Faculty of Economics and Business, Universitas Negeri Surabaya, Surabaya, Indonesia Author
Rasyidi Faiz Akbar Department of Management, Faculty of Economics and Business, Universitas Negeri Surabaya, Surabaya, Indonesia Author

Keywords:

Environmental Disclosure, Social Disclosure, Governance Disclosure, ESG Disclosure, Firm Value

Abstract

This study aims to examine the effect of environmental disclosure, social disclosure, governance disclosure, dan ESG disclosure on firm value in Industrials sector companies listed on the Indonesia Stock Exchange during 2022-2024. This research employed a quantitative approach using secondary data from companies’ annual reports and the ESG Intelligence database. The sample consisted of 42 companies, 126 observations selected through purposive sampling. Data were analyzed using panel data regression and STATA 17. The results indicate that environmental disclosure, social disclosure, governance disclosure, and ESG disclosure have no significant effect on firm value as measured by Tobin’s Q. These findings suggest that ESG disclosure has not yet become a primary factor influencing investors’ assessment of firm value in the Industrials sector.

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