Research Article
Model Exploration of Firm Value by means of Green Finance Disclosure in Companies List on Indonesia Stock Exchange
@INPROCEEDINGS{10.4108/eai.16-9-2025.2361088, author={Dita Eka Pertiwi Sirait and Ainul Mardhiyah and Shintami Octavia}, title={Model Exploration of Firm Value by means of Green Finance Disclosure in Companies List on Indonesia Stock Exchange}, proceedings={Proceedings of the 7th International Conference on Innovation in Education, Science, and Culture, ICIESC 2025, 16 September 2025, Medan, Indonesia}, publisher={EAI}, proceedings_a={ICIESC}, year={2026}, month={3}, keywords={firm value esg esg disclosure}, doi={10.4108/eai.16-9-2025.2361088} }- Dita Eka Pertiwi Sirait
Ainul Mardhiyah
Shintami Octavia
Year: 2026
Model Exploration of Firm Value by means of Green Finance Disclosure in Companies List on Indonesia Stock Exchange
ICIESC
EAI
DOI: 10.4108/eai.16-9-2025.2361088
Abstract
This study aims to examine and analyze the effect of green finance disclosure on firm value. There are 27 energy sector companies listed on the Indonesia Stock Exchange that have routinely submitted sustainability reports as a tangible manifestation of their commitment to implementing sustainable corporate management practices during 2022-2024. This study aims to examine and analyze the effect of green finance disclosure on firm value. Various previous studies have been conducted on this topic, but the results of these studies show that there is still an inconsistent research result between one study and another. The results of this study indicate that the final model selected is the REM (Random Effect Model). Disclosure of environmental aspects has a negative and significant effect on firm value, disclosure of governance aspects has a positive and significant effect on firm value, while disclosure of social and economic aspects does not have a significant effect on firm value.
