Carbon Emission Disclosure, Corporate Social Responsibility, Green Accounting, Intellectual Capital Dan Kepemilikan Manajerial: Dampaknya Terhadap Nilai Perusahaan

This study aims to determine the effect of carbon emission disclosure, corporate social responsibility, green accounting, intellectual capital, and managerial ownership on firm value. The population of this study is companies listed on the Indonesia Stock Exchange and included in the LQ45 stock list for 2021-2023 with sampling using purposive sampling technique and obtained 48 observations from 16 companies. The grand theory used is signaling, legitimacy and agency. This study uses a panel data regression method. The results of partial hypothesis testing show that 1). Carbon Emission Disclosure has a negative and significant effect on firm value because carbon emission disclosure will cause budget overruns if the amount of costs is greater than the return, then in Indonesia itself it is still voluntary in disclosing it, 2) Corporate Social Responsibility has a positive and significant effect on firm value because companies avoid punishment from the government and also to maintain long-term operations. 3) Green Accounting does not have a significant effect on firm value because it is considered an additional burden that increases company expenses and reduces profits. 4) Intellectual Capital has a negative and significant effect on company value because it is assumed that investing in IC such as training can cause expenditures to exceed the optimal level, this can reduce profitability because the costs incurred are not commensurate with the benefits obtained. 5) managerial ownership has a positive and significant effect on company value because if management has shares in the company, they will work more optimally and minimize opportunistic actions or moral hazard in order to align with the interests of other shareholders. While simultaneously the independent variables are proven to have a significant effect on company value.
Keywords: carbon emission disclosure, corporate social responsibility, green accounting, intellectual capital, managerial ownership, company value.