The Impact of Environmental, Social, and Governance Disclosure on Firm Value: Evidence from Energy and Basic Materials Companies in Indonesia

Authors

  • Herni Ponia Institut Bisnis dan Ekonomi Indonesia Pontianak
  • Yusron Toto

Abstract

This study aims to examine the influence of environmental, social, and governance disclosure on company value (PBV and Tobin's Q). While the independent variables are environmental and social, then governance. The population in this study is energy and basic materials sector companies listed on the Indonesia Stock Exchange for the 2017- 2023 period. The sampling method used is the purposive sampling method so that 7 companies were obtained. The total number of data processed in this study is 49 data. The type of data used is secondary in the form of annual financial statements of companies in the energy and basic materials sectors listed on the Indonesia Stock Exchange for the 2017- 2023 period. The data analysis method used in this study is descriptive statistics with a significant level value of 5%. The results of this study show that ESG has an effect on the company's value (PBV and Tobin's Q).

Keywords: Environmental,  Social, Governance, Corporate Value

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References

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Published

2026-01-30

How to Cite

Ponia, H. ., & Toto, Y. (2026). The Impact of Environmental, Social, and Governance Disclosure on Firm Value: Evidence from Energy and Basic Materials Companies in Indonesia. Journal of Business Economics : Needs, Services, and Money, 1(2), 34–50. Retrieved from https://jurnal-ibei.com/index.php/JEBI/article/view/13

Issue

Vol. 1 No. 2 (2026): Journal of Business Economics:Needs, Services, and Money

Section

Articles

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