Determinants of Firm Value: Governance, Performance, Growth, and ESG in IDX30 Firms 15 17
DOI:
https://doi.org/10.26623/ebsj.v10i2.15296Keywords:
Firm Value, Good Corporate Governance, Financial Performance, Growth Opportunity, ESG DisclosureAbstract
This study aims to examine and analyze the effect of good corporate governance mechanism, financial performance, growth opportunity, and ESG disclosure on firm value. The independent variables used in this study are managerial ownership, institutional ownership, profitability, leverage, growth opportunity, and ESG disclosure. Meanwhile, the dependent variable used in this study is firm value. In addition, the control variable used in this study is firm size. The population in this study consists of companies listed in the IDX30 index on the Indonesia Stock Exchange (IDX) for the 2022-2024 period. The sampling technique used is saturation sampling technique, therefore, the total sample used in this study is 90 samples. The data used are secondary data obtained from the annual reports and sustainability reports of IDX30 companies listed on the Indonesia Stock Exchange (IDX). The analysis method used in this study is panel data regression analysis using the EViews 13 software. The result of this study show that leverage, ESG disclosure, and firm size have an effect on firm value. Meanwhile, managerial ownership, institutional ownership, profitability, and growth opportunity do not have an effect on firm value.
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