Pengaruh Green Accounting, Environmental, Social, and Governance (ESG), Ukuran Perusahaan, dan Profitabilitas terhadap Nilai Perusahaan Tambang yang terdaftar di BEI Tahun 2022–2025

Abstract

This research is motivated by the increasing demand for the implementation of sustainable business practices in mining companies and the fluctuation of firm value, which highlights the importance of Environmental, Social, and Governance (ESG) disclosure, Green Accounting, firm size, and profitability as factors affecting firm value. This study aims to analyze the effect of Environmental, Social, and Governance (ESG), Green Accounting, firm size, and profitability on the firm value of mining companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2025 period. The study employs a quantitative approach with an associative research design. The data used are secondary data obtained from the companies’ annual reports and sustainability reports and analyzed using panel data regression. The sample was selected through a purposive sampling technique, resulting in 48 observations. The results indicate that ESG, Green Accounting, and firm size have no significant effect on firm value, while profitability has a positive and significant effect on firm value. Simultaneously, all four variables have a significant effect on firm value. These findings suggest that profitability remains the primary determinant of firm value in the mining sector, and the results may serve as a consideration for corporate management, investors, and regulators in making decisions related to sustainability practices and firm value enhancement.