The Impact of Environmental, Social and Governance (ESG), Digitalization, Internal Control On Financial Performance and Firm Value
Pengaruh Environmental, Social and Governance (ESG), Digitalisasi, Pengendalian Internal Terhadap Kinerja Keuangan dan Nilai Perusahaan
DOI:
https://doi.org/10.21070/ups.11005Keywords:
Environmental, Social, and Governance (ESG), Digitalization, Internal Control, Financial Performance, Firm ValueAbstract
This study examines the effect of Environmental, Social, and Governance (ESG), digitalization, and internal control on financial performance and firm value. A quantitative approach was employed using secondary data from 67 nonfinancial companies listed on the Indonesia Stock Exchange during the 2022–2024 period. The analysis was conducted using multiple linear regression. The results show that ESG has no significant effect on financial performance, while digitalization has a significant negative effect, and internal control has a significant positive effect on financial performance. In the firm value model, ESG and digitalization have significant positive effects, whereas internal control has no significant effect. These findings indicate that sustainability and technological factors have not yet provided a direct impact on financial performance,however, they play an important role in enhancing investor perception and firm value. This study provides practical implications for companies to optimize sustainability and digitalization strategies in order to improve performance and competitiveness.
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