Financial Performance Environmental Disclosure and Firm Value in Indonesian Palm Oil
DOI:
https://doi.org/10.29407/2ehv5a63Keywords:
Firm value; , return on assets; , environmental disclosure; , firm size;, palm oil.Abstract
This study examines the association of financial performance and environmental disclosure with firm value in Indonesian listed palm oil companies. Purposive sampling yielded 21 firms and 63 firm-year observations for 2022–2024. Firm value is measured using Tobin’s Q, financial performance using return on assets (ROA), and environmental disclosure using an Environmental Disclosure Index (EDI), with firm size as a control. Multiple linear regression shows positive but statistically insignificant coefficients for ROA (B = 2.128; p = 0.054) and EDI (B = 0.543; p = 0.513) at the 5% level. Firm size is negatively associated with firm value (B = −0.298; p < 0.001). The model is jointly significant, with an adjusted R² of 0.223. The findings require caution because disclosure scores are highly concentrated and the pooled specification does not account for unobserved firm and year effects.
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Copyright (c) 2026 dewi puspitasari, Wampanena Matruty, Irfona Agatha, Muhammad Yudhika Elrifi (Author)
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