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The Effect of Environmental Social Governance (ESG) Disclosure and Debt Policy on Firm Value Moderated by Firm Size

Year: 2025

Type: article

Abstract: The purpose of this study was to evaluate the impact of Environmental Social Governance (ESG) disclosure and debt policy on firm value, with firm size acting as a moderating variable in companies listed on the IDX ESG Leaders from 2020 to 2023. The selection of the sample was based on purposive sampling, resulting in 17 issuers with a total of 68 observation data during the study period. The data were analyzed through MRA with the assistance of SPSS. The results showed that ESG disclosure did not contribute to firm value, while debt policy did contribute to firm value. While firm size did not show a moderating effect on the relationship between ESG disclosure and firm value, it did moderate the impact of debt policy on firm value.

Source: East Asian Journal of Multidisciplinary Research

DOI: 10.55927/eajmr.v4i8.350

Authors: Nur Indah Fatmala, Tri Kartika Pertiwi

Language: English

Topic: Corporate Social Responsibility Reporting

Subfield: Strategy and Management

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: hybrid

OpenAlex ID: W4413914679

FWCI:

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