CORPORATE GOVERNANCE DAN FIRM VALUE: PERAN MEDIASI GREEN FINANCE, CSR, DAN FINANCIAL PERFORMANCE DI BURSA EFEK INDONESIA

Singarimbun, Negi Karniego (2025) CORPORATE GOVERNANCE DAN FIRM VALUE: PERAN MEDIASI GREEN FINANCE, CSR, DAN FINANCIAL PERFORMANCE DI BURSA EFEK INDONESIA. S3 thesis, universitas Jambi.

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Abstract

This study aims to analyze the influence of Corporate Governance on Firm Value with the mediating role of Green Finance, Corporate Social Responsibility (CSR), and Financial Performance. The population in this study comprises companies in sectors directly related to the environment, namely the energy, basic materials, and property and real estate sectors, with a total of 261 samples. The analysis tool used is Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results show that Corporate Governance has a significant positive effect on Green Finance, CSR, and Financial Performance but does not have a significant direct effect on Firm Value. Additionally, Green Finance and CSR do not have a significant impact on Firm Value. Conversely, Financial Performance has a negative and significant effect on Firm Value. In terms of mediation, Corporate Governance does not significantly affect Firm Value through Green Finance or CSR but has a negative and significant effect through Financial Performance. This study contributes by introducing the integration of the ESG concept into the Firm Value testing model in emerging markets, highlighting that investors in the Indonesia Stock Exchange remain predominantly focused on short-term financial performance rather than long-term sustainability aspects. These findings enrich the literature on ESG dynamics in developing countries and provide strategic implications for companies to strengthen the integration of Green Finance and CSR into their long-term strategies. Keywords: Green Finance, Good Governance, CSR, Financial Performance, Firm Value.

Type:	Thesis (S3)
Subjects:	L Education > L Education (General)
Divisions:	Pascasarjana > Manajemen
Depositing User:	NEGI KARNIEGO SINGARIMBUN
Date Deposited:	20 May 2025 03:11
Last Modified:	03 Aug 2025 11:02
URI:	https://repository.unja.ac.id/id/eprint/78408

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