CARBON EMISSION DISCLOSURE AND GREEN INVESTMENT AS DETERMINANTS OF FIRM VALUE: THE MODERATING EFFECT OF GREEN INTELLECTUAL CAPITAL

Yunita Cahya Ningrum, Anggita Langgeng Wijaya, Moh. Ubaidillah

Abstract


The research investigates how carbon emission disclosure and green investment influence firm value, while considering green intellectual capital serving as a moderator factor. This analysis covers energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 observation period. A quantitative research approach design was employed, using multiple regression analysis conducted using SPSS. The study involved a population of 73 firms, of which 28 met the criteria for inclusion in the sample. The results show that carbon emission disclosure significantly reduces company value, whereas green investment is statistically significant positive effect. Green intellectual capital moderates the relationship between carbon emission disclosure and firm value, while having no moderating effect on green investment and firm value.

Kata kunci : firm value, carbon emission disclosure, green investment, green intellectual capital


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References


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