PENGARUH PROFITABILITAS, LEVERAGE, DAN ENVIRONMENTAL SOCIAL GOVERNANCE TERHADAP NILAI PERUSAHAAN

Chintya  Ayu Adhelia Sari; Fidiana Fidiana

Chintya Ayu Adhelia Sari Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya
Fidiana Fidiana Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya

Keywords: profitability, leverage, environmental sosial and governance (ESG), and firm value

Abstract

This research detennines (1) the effect of profitability on firm value, (2) the effect of leverage on firm value, and (3) the effect of environmental, social, and governance (ESG) on firm value. Furthermore, the population consists of consumer non-cyclical companies listed on the ESG index at the Indonesia Stock Exchange during 2021-2024. The research applies quantitatively with secondary data. Moreover, the data were taken from companies' financial statements. The data collection technique used was purposive sampling, in which the sample was based on the criteria given. In line with that, there were 52 samples from 13 companies in the population. Additionally, the data analysis technique used was multiple linear regression with SPSS (Statistical Product and Service Solutions) 25 version. The result shows that (1) profitability affects the firm value of consumer non-cyclical companies. It means that the first hypothesis is accepted; (2) leverage affects the firm value of consumer non-cyclical companies. In other words, the second hypothesis is accepted; and (3) Environmental, Social, and Governance (ESG) does not affect the finn value of consumer non-cyclical companies. This means that the third hypothesis is rejected.