STRUKTUR MODAL INVESTASI PERUSAHAAN DENGAN PENGUNGKAPAN  LINGKUNGAN SEBAGAI VARIABEL MODERASI

Ika Swasti Putri; Naini Rizka Amalia

doi:10.26623/slsi.v22i2.9011

STRUKTUR MODAL INVESTASI PERUSAHAAN DENGAN PENGUNGKAPAN LINGKUNGAN SEBAGAI VARIABEL MODERASI

Ika Swasti Putri, Naini Rizka Amalia

Abstract

Penelitian ini bertujuan untuk menyelidiki pengaruh struktur modal dan keputusan investasi terhadap nilai perusahaan, dengan pengungkapan lingkungan sebagai variabel moderasi pada perusahaan di sektor energi (minyak, gas, dan batu bara) di Indonesia. Hasil penelitian menunjukkan bahwa: Struktur modal tidak berpengaruh signifikan terhadap nilai perusahaan. Pengungkapan lingkungan memoderasi secara signifikan hubungan antara struktur modal dan nilai perusahaan. Pengungkapan lingkungan yang transparan dapat memperkuat persepsi pemangku kepentingan dan meningkatkan nilai perusahaan. Keputusan investasi tidak berpengaruh signifikan terhadap nilai perusahaan. Pengungkapan lingkungan tidak memoderasi secara signifikan hubungan antara keputusan investasi dan nilai perusahaan. Temuan ini menekankan pentingnya pengungkapan lingkungan dalam mempengaruhi persepsi pemangku kepentingan, keputusan investasi, dan pada akhirnya nilai perusahaan di sektor energi yang sensitif terhadap lingkungan.

Keywords

Capital Structure; Investment Decision; Company Value; Environmental Disclosure; Energy Sector

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DOI: http://dx.doi.org/10.26623/slsi.v22i2.9011