Pengaruh ESG Disclosure dan Intellectual Capital terhadap Firm Value
DOI:
https://doi.org/10.38035/jemsi.v8i1.9613Keywords:
ESG Disclosure, Intellectual Capital, Nilai PerusahaanAbstract
Penelitian ini bertujuan untuk menganalisis pengaruh Environmental, Social, and Governance (ESG) dan Intellectual Capital terhadap Firm Value pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia pada periode 2023–2025. Sampel penelitian terdiri dari perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia selama periode 2023–2025, yang dipilih menggunakan teknik purposive sampling. Pemilihan model regresi data panel dilakukan melalui Uji Chow, Uji Hausman, dan Uji Lagrange Multiplier. Selanjutnya, model diuji menggunakan uji asumsi klasik yang meliputi uji normalitas, multikolinearitas, heteroskedastisitas, dan autokorelasi, serta diuji secara statistik melalui uji koefisien determinasi (R²), uji signifikansi simultan (Uji F), dan uji signifikansi parsial (Uji t). Hasil penelitian menunjukkan bahwa ESG berpengaruh positif namun tidak signifikan terhadap firm value, sehingga hipotesis pertama ditolak. Sebaliknya, intellectual capital terbukti berpengaruh positif dan signifikan terhadap firm value, sehingga hipotesis kedua diterima. Secara simultan, ESG dan intellectual capital berpengaruh signifikan terhadap nilai perusahaan.
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