Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Siber International Journal of Digital Business
Andhika Ahmad Putra
Perbanas Institute, Jakarta, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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

Found 1 Documents
Search

 1 
ESG Disclosure, Political Connection, And Firm Value: An Empirical Analysis Rinaldi Anggoro Ekasaputra; Fitri Purwiyanto; Dian Kurniawati; Andhika Ahmad Putra
Siber International Journal of Digital Business (SIJDB) Vol. 4 No. 1 (2026): (SIJDB) Siber International Journal of Digital Business (July - September 2026)
Publisher : Siber Nusantara Review & Yayasan Sinergi Inovasi Bersama (SIBER)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/sijdb.v4i1.387

Abstract

This study aims to analyze the effect of ESG (Environment, Social, Governance) disclosure and political connections on firm value. The object of this study is companies listed on the Indonesia Stock Exchange and included in the Liquid 45 Index (LQ45) list in 2022-2024. ESG disclosure is measured based on the Global Reporting Initiative Standard checklist, while political connections are measured by the ratio between the members of the board of commissioners and directors who are politically connected to the total members of the board of commissioners and directors in the company. Meanwhile, firm value is measured using the Tobin’s Q calculation method. This study uses a purposive sampling method with a sample of 39 companies. The analysis was conducted using panel data regression. The results of the study show that ESG disclosure and political connections have no effect on firm value, which indicates that sustainability signals and political affiliations have not been fully appreciated by the market as drivers of fundamental company value in the LQ45 index.
Co-Authors Dian Kurniawati Fitri Purwiyanto Rinaldi Anggoro Ekasaputra