THE EFFECT OF CARBON EMISSION DISCLOSURE ON FIRM VALUE IN BASIC MATERIALS SECTOR COMPANIES

Adittiya Panji Saputra, Abd Rohman Taufiq, Richo Diana Aviyanti

Abstract


This study aims to examine the effect of Carbon Emission Disclosure on Firm Value in basic materials sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. This study employed a quantitative approach using secondary data. The sample consisted of 87 companies (348 observations) selected through purposive sampling. Data were analyzed using IBM SPSS Statistics version 25 through simple linear regression, corrected using a natural-log transformation and the Cochrane-Orcutt procedure to address autocorrelation. The results indicate that Carbon Emission Disclosure has a negative and statistically significant effect on Firm Value (Sig. = 0.002), although its explanatory power is very low (R² = 0.027, or 2.7%). These findings suggest that while investors respond negatively to carbon emission disclosure, factors beyond Carbon Emission Disclosure play a far greater role in determining Firm Value.

Keywords: Carbon Emission Disclosure, Firm Value, Basic Materials Sector.


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