The Effect Of ESG Disclosure And Profitability On Company Value In Energy Sector Companies Listed On The IDX In The 2021-2024 Period

Egi Dia Safitri (Universitas Perjuangan Tasikmalaya)
Nita Fauziah Oktaviani (Universitas Perjuangan Tasikmalaya)
Arif Arif (Universitas Perjuangan Tasikmalaya)

Innovative Business Management Journal
Vol. 3 No. 1 (2026): Oktober

This study aims to analyze the influence of Environmental, Social and Governance (ESG) Disclosure and Profitability on Firm Value, both simultaneously and partially. The research data is sourced from the financial statements and sustainability reports of energy sector companies for the period 2021–2024. The sample selection used a purposive sampling method, resulting in 14 companies meeting the research criteria. Data analysis was performed using panel data regression assisted by EViews 13 software with a quantitative descriptive approach. The results show that, both simultaneously and partially, Environmental, Social and Governance (ESG) Disclosure and Profitability do not significantly influence Firm Value. This study indicates that ESG information and profitability levels are not yet primary considerations for investors in assessing energy sector companies.