The Effect of Carbon Emission Disclosure, Audit Committee, Independent Commissioners, and Firm Size on Firm Value in Coal Subsector Companies for the 2019–2023 Period
Main Article Content
Khairunnisa Syakila Atmarini*
Novi Susyani
The primary aim of the study is to determine whether the disclosure of carbon emissions, existence of an audit committee, existence of independent commissioners and size of firms is found to affect the company value. To attain that, the companies in the coal subsector that were subject to the research were chosen among the companies listed in the Indonesia Stock Exchange, in the period of 2019-2023 (a total of 44 companies). Out of this population, a purposive sampling technique was used, which calculated 11 companies of the research sample. The source of data used in this research was secondary in nature, as it was acquired by means of the annual reports and the sustainability reports of the companies throughout the five-year observation period. The analytical technique used was the multiple linear regression analysis to measure the correlation existing between the independent variables and the company value. The findings of the study show that the value of the company is declining and this deterioration is partly due to the audit committee. The independent commissioners, firm size and carbon emission disclosure on the contrary did not have a significant impact on company value within the scope of this study. However, in totality, the variables of carbon emission disclosure, audit committee, independent commissioners and firm size exhibit a constructive effect on the company value as captured in a coefficient of 21.92%.
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