PENGARUH KINERJA ENVIRONMENTAL, SOCIAL, GOVERNANCE DAN ESG CONTROVERSIES TERHADAP NILAI PERUSAHAAN (Studi Empiris pada Perusahaan yang Konsisten Terdaftar di Indeks Kompas100 Tahun 2020-2024)

Ruth Celine Febianti (Departemen Akuntansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro)
Agus Purwanto (Departemen Akuntansi Fakultas Ekonomika dan Bisnis Universitas Diponegoro)

Diponegoro Journal of Accounting
Volume 15, Nomor 2, Tahun 2026

This study examines the environmental, social, governance performance and ESG controversies relationship on firm value. This study has a dependent variable, namely firm value as proxied by Tobin’s Q with independent variables  environmental performance, social performance, governance performance, and ESG controversies. Also firm size as a control variable. This study uses secondary data derived from Refinitiv and the financial statements of indeks Kompas100 companies listed on the Indonesia Stock Exchange  (IDX) in 2020-2024. The research sampling was carried out using purposive sampling method. 145 samples were obtained for 5 consecutive years. This study uses multiple linear regression analysis to test  the hypothesis. The finding from this study proves that environmental performance have a significant negative to firm value, social performance have no significant to firm value, governance performance have a significant positif to firm value, while ESG controversies have no significant to firm value.