Pengaruh Environmental, Social, and Governance (ESG) Disclosure, Managerial Ownership, dan Gender Diversity Pada Nilai Perusahaan Sektor Industrials di Bursa Efek Indonesia Tahun 2021 - 2024  

The Effect of Environmental, Social, and Governance (ESG) Disclosure,Managerial Ownership, and Gender Diversity  on Firm Value in Industrials Sector Listed on the Indonesia Stock Exchange During 2021–2024

Nilai perusahaan pada dasarnya adalah harga atau nilai suatu bisnis di mata pasar, yang menunjukkan bagaimana publik menilai performa dan kondisi bisnis tersebut. Fokus dalam penelitian ini adalah untuk mengetahui bagaimana nilai perusahaan pada perusahaan sektor industrials yang terdaftar di Bursa Efek Indonesia selama periode 2021–2024 dipengaruhi oleh environmental, social, dan governance (ESG) disclosure, managerial ownership, dan gender diversity. Jenis data yang digunakan adalah data kuantitatif yang bersumber dari data sekunder. Perusahaan sektor industrials yang terdaftar di Bursa Efek Indonesia selama periode 2021-2024 adalah populasi dalam penelitian ini. Sampel dipilih secara purposive sampling, dengan jumlah sampel sebanyak 46 perusahaan. Data dihitung dengan STATA 17, dan regresi panel digunakan untuk menganalisisnya. Hasil penelitian menunjukkan bahwa governance disclosure  memiliki pengaruh negatif dan signifikan terhadap nilai perusahaan. Sebaliknya environmental disclosure, social disclosure, managerial ownership, dan gender diversity tidak memiliki pengaruh yang signifikan terhadap nilai perusahaan.

Kata Kunci: nilai perusahaan, ESG disclosure, managerial ownership, gender diversity 

Firm value is essentially the price or worth of a business in the eyes of the market, which indicates how the public assesses its performance and condition. The focus of this study is to determine how the firm value of industrial companies listed on the Indonesia Stock Exchange during the 2021–2024 period is influenced by environmental, social, and governance (ESG) disclosure, managerial ownership, and gender diversity. The data used is quantitative data sourced from secondary sources. Industrial companies listed on the Indonesia Stock Exchange during the 2021–2024 period constitute the population in this study. The sample was selected using purposive sampling, with a total of 46 companies. Data were calculated using STATA 17, and panel regression was used for analysis. The results showed that governance disclosure had a negative and significant effect on firm value. Conversely, environmental disclosure, social disclosure, managerial ownership, and gender diversity did not significantly influence firm value.

Keywords: firm value, ESG disclosure, managerial ownership, gender diversity