JURNAL MANAJEMEN MOTIVASI
Vol 22 No 1 (2026): Jurnal Manajemen Motivasi

The Role of ESG Disclosure, Firm Size, and Financial Performance on Firm Value in the Energy Sector on the Indonesia Stock Exchange

Dedi Sugala (Unknown)
Fattah, Vitayanti (Unknown)
Kasim, Muhammad Yunus (Unknown)
Utami, Ayu Putri (Unknown)

Article Info

Publish Date
26 Jun 2026

Abstract

This study examines the effect of ESG disclosure, firm size, and financial performance on firm value in energy sector companies listed on the Indonesia Stock Exchange during 2021–2024. Using a quantitative approach, panel data regression was conducted in EViews on 19 companies selected through purposive sampling. The findings show that ESG disclosure has a negative and insignificant effect on firm value, while firm size has a positive but insignificant effect. Meanwhile, financial performance has a positive and significant effect on firm value, indicating that profitability remains the main factor considered by investors in valuing energy sector companies. Keywords: ESG Disclosure: Firm Size: Financial Performance; Firm Value

Copyrights © 2026




Citation Download
RIS
EndNote, Reference Manager, ProCite
BibTex
Latex, Jabref
Original Source
Download Original
Google Scholar
Check in Google Scholar
Journal Info
JURNAL MANAJEMEN MOTIVASI
Website

Abbrev

jm_motivasi

Publisher

Universitas Muhammadiyah Pontianak

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Jurnal Manajemen Motivasi (JMM) adalah Jurnal Ilmiah Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Pontianak yang diterbitkan secara berkala 2 (dua) kali dalam satu tahun (Juni dan Oktober) sebagai sarana untuk menyebarluaskan hasil penelitian dan ilmu pengetahuan di bidang ilmu manajemen ...