Pengaruh Pengungkapan Tanggung Jawab Sosial Perusahaan dan Pengungkapan Lingkungan Terhadap Nilai Perusahaan Pada Perusahaan Pertambangan yang Terdaftar di Indeks Saham Syariah Indonesia Periode 2021-2024
DOI:
https://doi.org/10.35870/jemsi.v12i5.6989Keywords:
Corporate Social Responsibility Disclosure, Environmental Disclosure, Firm Value, ISSIAbstract
The rapid pace of scientific advancement and technological sophistication has triggered a major shift in the mindset of the business world. The mineral extraction industry today is no longer solely focused on maximizing profits; rather, it has begun to incorporate social and environmental sustainability into its operations. This study aims to examine the extent to which corporate social responsibility (CSR) disclosures and environmental disclosures—whether analyzed separately or together—impact the creation of corporate value. More specifically, this research seeks to test and analyze the influence of these two forms of disclosure on corporate value, both individually and simultaneously. The primary focus is on earth-moving business entities listed on the ISSI from 2021 to 2024. Utilizing a data-driven research framework, information was collected from annual reports and corporate sustainability reports as relevant secondary data sources. Using a specific selection method, 13 entities were chosen as the subjects of analysis, which was conducted using panel data regression. The statistical findings indicate that corporate social responsibility disclosures and environmental disclosures do not have a significant impact on firm value, either individually or collectively. This phenomenon suggests that investors place greater emphasis on financial information than on non-financial information, meaning that these two forms of disclosure have not yet become primary considerations in determining a company’s value in the capital market.
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