Buletin Poltanesa
Vol 27 No 1 (2026): June 2026

Integrating ESG, Sustainability Strategy, and Firm Value: A Systematic Literature Review and Conceptual Framework

Martini Martini (Universitas Budi Luhur)
I Gusti Ketut Agung Ulupui (Universitas Negeri Jakarta)
Adam Zakaria (Universitas Negeri Jakarta)



Article Info

Publish Date
26 Jun 2026

Abstract

Through a Systematic Literature Review (SLR) guided by PRISMA 2020 protocols, this paper maps out and assesses the scattered research surrounding Environmental, Social, and Governance (ESG), sustainability frameworks, and overall corporate worth. We gathered data from Web of Science and Scopus using targeted Boolean strings, landing on 55 peer-reviewed papers spanning 2015 to 2024 after rigorous screening. The collected data shows that while ESG actions and disclosures serve as vital outward signals that boost corporate transparency and stakeholder confidence, their direct impact on market value is still heavily debated. Instead, the real value transformation happens inside the company. Internal dynamics specifically deeply rooted sustainability strategies, solid governance structures, and core institutional strengths act as the true engines that turn ESG efforts into tangible economic gains.

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Journal Info

Abbrev

tanesa

Publisher

Subject

Agriculture, Biological Sciences & Forestry Computer Science & IT Education

Description

Buletin Poltanesa is a collection of research articles, scientific works, and dedication from all academic community in order to integrate information. Buletin Poltanesa provides open publication services for all members of the public, both in all tertiary educational and teacher environments and ...