Environmental, Social, and Governance (ESG) Disclosure, Cash Holding, Capital Structure on Financial Performance and Firm Value
Environmental, Social, and Governance (ESG) Disclosure, Cash Holding, Struktur Modal Terhadap Kinerja Keuangan dan Nilai Perusahaan
DOI:
https://doi.org/10.21070/ups.4704Keywords:
Financial Performance, Firm Value, ESG, Cash Holding, Capital Structure;Abstract
This Study aims to determine the effect of Environmental, Social, and Governance (ESG) Disclosure, Cash Holding, Capital Structure on Financial Performance and Firm Value in all companies listed on Indonesia Stock Exchange in 2018 – 2022. Sampling using purposive sampling technique resulted in 16 companies that met the criteria. The research method used for this study is a quantitative method. The method analysis of this study is multiple linear regression using SPSS 26. The results show that Environmental, Social, and Governance (ESG) Disclosure has no effect on Financial Performance, Cash Holding affects Financial Performance, Capital Structure affects Financial Performance. Environmental, Social, and Governance (ESG) Disclosure has no effect on Firm Value, Cash Holding affects Firm Value, Capital Structure has no effect on Firm Value. This study provides implications for companies as material for consideration and knowledge of the factors that can influence Financial Performance and Firm Value.
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