The Influence of Carbon Emission Disclosure, Intellectual Capital, and Independent Commissioners on Firm Value
DOI:
https://doi.org/10.31000/bvaj.v9i2.14583Keywords:
Carbon Emission Disclosure, Firm Value, Independent Commissioner, Industrial Sector, Intellectual Capital.Abstract
This study investigated the impact of carbon emission disclosure, intellectual capital measured by value added capital employed, value added human capital, and structural capital value added, and independent commissioners on firm value. The identified problem was the inconsistency of prior study results regarding these variables and the fluctuations in firm value due to external factors like climate crisis and economic volatility. Utilizing quantitative methods, the study analyzed annual and sustainability reports from 34 industrial sector companies listed on the IDX during 2020-2023. Multiple linear regression analysis was applied. The findings indicated that carbon emission disclosure and value added human capital had a significant positive effect on firm value. Conversely, value added capital employed exhibited a significant negative effect, while structural capital value added and independent commissioners showed no significant impact on firm value. The study concluded that environmental transparency and human resource optimization have the potential to increase firm valuation, whereas suboptimal physical capital efficiency can diminish it.References
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