Riset Akuntansi dan Keuangan Indonesia
Vol. 10 No. 2 (2025): Riset Akuntansi dan Keuangan Indonesia

The Effect of Carbon Performance on Firm Value and Moderating Role of Ownership Concentration and Public Visibility

Hanifah, Siti Nurul (Unknown)
Ratna Wardhani (Unknown)



Article Info

Publish Date
10 Oct 2025

Abstract

With the increasing awareness of stakeholders and climate change issues, companies increasingly tries to manage their emissions. This study aims to examine how carbon emissions performance effects firm value and to examine the moderating role of ownership concentration and public visibility. This study uses a data set of 52 companies with 206 observations in non-financial companies listed on the Indonesia Stock Exchange during 2016-2023. The results show that carbon emission performance has a positive effect on firm value and ownership concentration cannot moderate the relationship, but public visibility can weaken the relationship between carbon emission performance and firm value. This research implies the importance of companies managing carbon emissions as a business sustainability strategy that can attract investors and maintain public visibility to avoid environmental controversy.

Copyrights © 2025






Journal Info

Abbrev

reaksi

Publisher

Subject

Economics, Econometrics & Finance

Description

Research in Accounting and Finance Indonesia focusing on various themes, topics, and the accounting and financial aspects, including (but not limited) to the following topics: Public sector accounting Management accounting Islamic accounting Financial management Auditing Corporate Governance ...