THE INFLUENCE OF ESG DISCLOSURE AND PROFITABILITY ON FIRM VALUE
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This study aims to examine the influence of ESG disclosure and profitability on firm value. It is a quantitative study conducted on non-financial companies listed on the Indonesia Stock Exchange during the 2016-2024 period. The sample was selected using a purposive sampling technique, resulting in 52 companies with 468 observations. The study utilizes secondary data obtained from financial statements, annual reports, and sustainability reports. Data analysis was performed using linear regression. The data were analyzed using SPSS version 26. The findings indicate that both ESG disclosure have a significant positive impact on firm value and profitability have a significant positive impact on firm value. These results imply that investors tend to prioritize a company's ability to generate profit and its ESG disclosures when evaluating the firm. The findings are expected to provide value for future research concerning ESG disclosure, profitability, and firm value on non-financial companies listed on the Indonesia Stock Exchange.
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