Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Journal of State Economic Research
Yureza Rian Wibowo
Jakarta State University, Indonesia
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
The Impact of ESG Disclosure and Risk Management on Firm Value: Empirical Study in ASEAN Yureza Rian Wibowo; Etty Gurendrawati; Gatot Nazir Muhammad
Journal of State Economic Research Vol. 1 No. 4 (2026): Journal of State Economic Research
Publisher : Yayasan Cerdas Pedia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65101/jser.v1i4.406

Abstract

This study examines the effect of Environmental, Social, and Governance (ESG) disclosure and risk management on firm value in public companies within the Association of Southeast Asian Nations (ASEAN) during 2020–2024. The study employs a quantitative approach using balanced panel data from 272 public companies across ASEAN countries obtained from Refinitiv Eikon. Firm value is proxied by Price to Book Value (PBV), ESG disclosure is measured using ESG Score, while risk management is proxied by Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). Data were analyzed using panel data regression with the Fixed Effect Model (FEM). The results indicate that ESG disclosure has a positive and significant effect on firm value, while risk management has no significant effect. These findings suggest that investors increasingly consider sustainability, transparency, and corporate governance in investment decision-making. This study contributes to the literature on ESG disclosure, risk management, and firm value in emerging markets within the ASEAN region.
Co-Authors Etty Gurendrawati Gatot Nazir Muhammad