DETERMINATION OF COMPANY VALUE IN THE ENERGY AND BASIC MATERIAL SECTOR
DOI:
https://doi.org/10.54443/ihert.v7i2.506Keywords:
Company Value, Tobin's Q, Carbon Emission Disclosure, Green Innovation, Environmental Social Governance (ESG), Eco-Efficiency, Environmental Performance, Indonesia Stock ExchangeAbstract
This research investigates the determinants of company value within the Energy and Basic Materials sectors listed on the Indonesia Stock Exchange (IDX) from 2021-2023. It examines the impact of Carbon Emission Disclosure (CES), Green Innovation (IH), Environmental, Social, and Governance (ESG), Eco-efficiency (EFI), and Environmental Performance (KL) on Tobin's Q as a measure of company value. The analysis, employing panel data regression with a Fixed Effect Model (FEM), reveals that while ESG, EFI, and KL positively influence company value, CES has a negative impact, and IH shows an insignificant effect. These findings provide insights for companies aiming to enhance their market value by prioritizing environmental and social responsibility.
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