Determinasi Valuasi Perusahaan di Era Investasi Global: Peran Transparansi Emisi Karbon, Performa Lingkungan, dan Ukuran Perusahaan

Nissa Elmawati (Universitas Islam 45)
Nurlaila Maysaroh Chairunnisa (Universitas Islam 45)

JRAK: Jurnal Riset Akuntansi dan Komputerisasi Akuntansi
Vol 17 No 1 (2026): JRAK: Jurnal Riset Akuntansi & Komputerisasi Akuntansi (JRAK

This study seeks to investigate the effect of carbon emission transparency, environmental performance, and firm size on company valuation, while incorporating foreign ownership as a moderating variable. The sample was determined using a purposive sampling approach, comprising energy and consumer non-cyclical firms that consistently published both annual and sustainability reports over the 2021–2023 period. The empirical findings demonstrate that carbon emission transparency and environmental performance exert a positive influence on company valuation. Conversely, firm size is found to be negatively associated with company valuation. With respect to the moderating mechanism, foreign ownership strengthens the relationship between carbon emission transparency and company valuation, as well as the relationship between environmental performance and company valuation. However, foreign ownership attenuates the effect of firm size on company valuation.