DO ENVIRONMENTAL, SOCIAL, AND GOVERNANCE DISCLOSURE AND INTELLECTUAL CAPITAL AFFECT FIRM VALUE WITH FINANCIAL PERFORMANCE AS A MODERATING VARIABLE?
DOI:
https://doi.org/10.15575/aksy.v8i2.55831Kata Kunci:
Basic Materials Sector, ESG Disclosure, Firm Value, Financial Performance, Intellectual CapitalAbstrak
This study examines the effect of Environmental, Social, and Governance (ESG) disclosure and Intellectual Capital on firm value, with financial performance as a moderating variable, in Basic Materials sector companies listed on the Indonesia Stock Exchange during 2022–2024. This study contributes to the literature by addressing the research gap in ESG-related studies within the Basic Materials sector, which remains relatively underexplored despite its high environmental exposure. In addition, this study integrates ESG disclosure, Intellectual Capital, and financial performance within a comprehensive analytical framework. Using a quantitative approach, this study applies panel data regression and Moderated Regression Analysis (MRA) to 30 companies selected through purposive sampling, resulting in 90 observations. The results show that ESG disclosure positively affects firm value, while Intellectual Capital and financial performance moderation have no significant effect.
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