CARBON EMISSION DISCLOSURE AND GREEN INTELLECTUAL CAPITAL: THE EFFECT ON FIRM VALUE

Abstract

This research aims to identify factors that can influence Firm value in energy sector companies listed on the Indonesia Stock Exchange. The variables to be tested include Carbon Emissions Disclosure, Environmental Performance, and Green Accounting as independent variables, with Firm Value as the dependent variable. Green Intellectual Capital is also included as a moderating variable. A total of 26 companies that achieved the 2019-2022 PROPER ranking on the Indonesia Stock Exchange were taken as samples using the purposive sampling method. Analysis was carried out using multiple linear regression. The research results show that the variables tested, namely carbon emissions coverage, environmental performance and green accounting, do not have a significant effect on firm value. It is important to note that most companies in Indonesia still do not fully disclose environmental factors that can support increasing the value of their companies. Nonetheless, the limited disclosure of environmental factors among Indonesian companies may mask potential relationships, suggesting a need for improved transparency to fully assess their impact on firm value.