Al Qodiri: Jurnal Pendidikan, Sosial dan Keagamaan
Vol. 24 No. 1 (2026): Al Qodiri: Jurnal Pendidikan, Sosial dan Keagamaan

Green Finance, Capital Structure, and Firm Value: The Mediation Role of Sustainability Disclosure in Indonesia

Sukma Febrianti (Universitas Tanjungpura)
Mustaruddin Mustaruddin (Universitas Tanjungpura)
Wendy Wendy (Universitas Tanjungpura)



Article Info

Publish Date
20 Apr 2026

Abstract

  ABSTRACT Background of study: The growing global concern regarding environmental sustainability has encouraged companies to integrate sustainable finance and transparency practices into corporate strategies. Green Finance and Sustainability Disclosure have become important instruments in supporting long-term corporate value creation. Aims and scope of paper: This study aims to examine the effect of Green Finance and Capital Structure on Firm Value with Sustainability Disclosure acting as a mediating variable. The research focuses on understanding how sustainable financial practices contribute to corporate valuation. Methods: This study aims to examine the effect of Green Finance and Capital Structure on Firm Value with Sustainability Disclosure acting as a mediating variable. The research focuses on understanding how sustainable financial practices contribute to corporate valuation. Result: The findings indicate that Green Finance has a positive and significant effect on Firm Value and Sustainability Disclosure. Capital Structure does not directly influence Firm Value but significantly affects Sustainability Disclosure. Furthermore, Sustainability Disclosure partially mediates the relationship between Green Finance and Firm Value. Conclusion: The results suggest that Green Finance enhances Firm Value both directly and indirectly through improved Sustainability Disclosure. Integrating sustainable financing with transparent sustainability reporting is essential for strengthening investor confidence and supporting long-term corporate performance.  

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Journal Info

Abbrev

alqodiri

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Subject

Description

Al Qodiri: Jurnal Pendidikan, Sosial dan Keagamaan contains scientific writings on education, Social and Religious as well as educational innovations, and educational thoughts in the form of: Education (Curriculums, Teaching and Learning, Islamic Education, Educational Technology, Psychology and ...