The Influence of Eco-Efficiency, Carbon Emission Disclosure, and Green Innovation on Company Value in the Basic Materials Sector Companies Listed on the Indonesian Stock Exchange (2018–2022)
DOI:
https://doi.org/10.57125/FS.2025.12.20.09Keywords:
Eco-Efficiency, Carbon Emission Disclosure, Green Innovation, Company Value.Abstract
The purpose of this study is to determine how eco-efficiency, carbon emission disclosure, and green innovation influence company value in basic material sub-sector companies listed on the Indonesia Stock Exchange (IDX). The research method is quantitative and descriptive statistics. The tests carried out are classical assumption tests, namely tests for normality, multicollinearity, heteroscedasticity, and autocorrelation. The coefficient of determination analysis uses a correlation coefficient test using SPSS version 25. The sampling technique uses a non-probability method: 103 companies listed on the Indonesia Stock Exchange (IDX), 17 that meet the requirements, with 85 data points obtained over 5 years of observation. The results show that eco-efficiency and carbon emission disclosure do not affectcompany value, whereas green innovation has a positive and significant effect on company value. Simultaneously, eco-efficiency, carbon emission disclosure, and green innovation influence company value. In conclusion, eco-efficiency and carbon emission disclosure cannot reduce environmental impacts. At the same time, green innovation has proven successful in implementing measures to mitigate environmental damage, indicating that the company complies with social norms related to the environment.
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