PENGARUH ENVIRONMENTAL SOCIAL GOVERNANCE DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN

Abstract

This research aimed to find out the effect of (1) Environmental Social Governance and (2) Profitability on the firm value at the mining company listed on the Indonesia Stock Exchange (IDX) during 2019-2022. The Environmental Social Governance (ESG) was measured by the value of ESG disclosure. Moreover, profitability was measured by Return On Assets (ROA) and firm value was measured by Price to Book Value (PBV). The research was quantitative. The population was mining companies listed on the Indonesia Stock Exchange (IDX) during 2019-2022. Furthermore, the data collection technique used purpose sampling to determine the sample. In line with that, there were 37 companies as the sample during 4 years (2019-2022) Additionally, the data analysis technique used multiple linear regression with SPSS (Statistical Product and Service Solution) 26 version. The result showed that (1) Environmental Social Governance (ESG) did not affect the firm value, on the other hand;
(2) profitability (ROA) had a positive effect on the firm value.