The Effect of ESG and Green Accounting Disclosure on Corporate Value in the Technology Sector: The Role of Company Size Moderation
DOI:
https://doi.org/10.31000/bvaj.v9i2.14886Abstract
This study examines the effect of ESG and Green Accounting disclosure on the Company Value of the technology sector on the IDX (2021–2024), with Company Size as moderation. Using panel data of 92 observations and FEM regression analysis, the results showed: (1) ESG simultaneously had a significant positive effect, but only partially significant Social and Governance; The environment is negative. (2) Green Accounting has no direct effect. (3) Company size reinforces the positive influence of simultaneous ESG and Green Accounting, but does not moderate partial ESG. The urgency of the research lies in the low average ESG score of the technology sector (Negligible category) and the high disparity in company values. The main contribution is to prove that ESG impact is highly dependent on the context of company size. The novelty lies in the integration of Green Accounting and the moderation of company size in a single model in the technology sector, which is rarely researched. These findings provide strategic implications for management, investors, and regulators in designing contextual and measurable ESG policies.
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