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SUSTAINABILITY PERFORMANCE DAN FINANCIAL PERFORMANCE TERHADAP NILAI PERUSAHAAN DI MODERASI OLEH GREEN COMPLIANCE PADA PERUSAHAAN NON KEUANGAN DI NEGARA ASEAN

This study aims to analyze the influence of the Environmental, Social, and Governance (ESG) Score and financial performance, proxied by Return on Investment (ROI), Working Capital to Total Assets (WCTA), and Debt to Asset Ratio (DAR), on firm value, measured using Market Capitalization, Tobin's Q, and Price to Book Value (PBV), in non-financial companies in ASEAN countries. This study also includes Green Compliance as a moderating variable. The study uses secondary data in the form of panel data obtained from Refinitiv. The study included 213 non-financial companies listed in Indonesia, Malaysia, Singapore, the Philippines, and Thailand during the 2021–2023 period. The results show that the ESG Score, ROI, WCTA, and DAR variables consistently have a significant effect on the three indicators of firm value. In addition, Green Compliance is proven to moderate the relationship between ESG and ROI on firm value, indicating that companies with higher levels of environmental compliance can translate sustainability and financial performance into better firm value. However, Green Compliance does not moderate the effect of WCTA and DAR, so liquidity efficiency and leverage policy appear less sensitive to environmental compliance. This study provides empirical evidence that integrating sustainability performance, financial strength, and environmental compliance is a more comprehensive approach to explaining firm value formation in the ASEAN region.

Availability
#
Central Library (Reference) T1932822025
T193282
Available but not for loan - Not for Loan
Detail Information
Series Title
-
Call Number
T1932822025
Publisher
Indralaya : Prodi Doktor Ilmu Manajemen, Fakultas Ekonomi Universitas Sriwijaya.,
Collation
xi, 168 hlm.; ilus.; 29 cm
Language
Indonesia
ISBN/ISSN
-
Classification
658.150 7
Content Type
Text
Media Type
unmediated
Carrier Type
-
Edition
-
Subject(s)
Manajemen keuangan
Prodi Doktor Ilmu Manajemen
Specific Detail Info
-
Statement of Responsibility
Other version/related
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