The Effect of Disclosure of Carbon Performance, Ownership Structure, and Good Corporate Governance on Firm Value with Financial Performance as a Mediating Variable in Manufacturing Companies Listed on the Indonesia Stock Exchange

Afifah Cloudya; Mulyanto Nugroho; Nekky Rahmiyati

doi:10.55927/jsih.v4i2.292

Authors

Afifah Cloudya Universitas 17 Agustus 1945 Surabaya
Mulyanto Nugroho Universitas 17 Agustus 1945 Surabaya
Nekky Rahmiyati Universitas 17 Agustus 1945 Surabaya

DOI:

https://doi.org/10.55927/jsih.v4i2.292

Keywords:

Carbon Performance, Ownership Structure, Good Corporate Governance, Financial Performance, and Firm Value

Abstract

The purpose of this study is to prove and analyze the effect of carbon performance, ownership structure, and good corporate governance on company value with financial performance as a mediating variable in manufacturing companies listed on the Indonesian Stock Exchange. The design of this research uses a quantitative approach. The sample in this study consists of manufacturing companies listed on the Indonesia Stock Exchange that meet the purposive sampling criteria of 90 companies. Data collection in this study uses annual reports and sustainability reports from the Indonesia Stock Exchange website and each company. The data analysis technique used is SEM Smart PLS testing. The results of the study indicate that carbon performance disclosure and ownership structure have no effect on financial performance, while good corporate governance has an effect on financial performance. Other direct effects show that carbon performance, ownership structure, and good corporate governance affect company value. Indirect effects show that financial performance does not mediate the effect of carbon performance, ownership structure, and good corporate governance on company value.

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