The Effect of Green Accounting, CSR, Growth Opportunity, and Capital Structure on Firm Value
DOI:
https://doi.org/10.31000/bvaj.v9i2.14652Keywords:
Green Accounting, CSR Disclosure, Growth Opportunity, Capital Structure, Firm Value.Abstract
This study examines how green accounting, corporate social responsibility (CSR) disclosure, growth opportunity, and capital structure affect firm value in companies that are constituents of the LQ45 index from 2020 to 2024. The study uses primary data from annual and sustainability reports. The purposive sampling method was utilized to select the 26 non-financial companies that were ultimately included in the study. The hypothesis testing process is facilitated by the application of multiple linear regression models. he results reveal that green accounting practices positively impact firm value, while CSR disclosure shows a substantial negative influence. Conversely, growth opportunities and capital structure do not demonstrate a significant impact on firm value. These outcomes imply that environmental accounting practices are more favorably regarded by the market than non-integrated social disclosures. This study makes a substantial contribution to the development of knowledge regarding sustainability and financial strategies for increasing firm value in the Indonesian capital market.
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