This study aims to examine the influence of ESG and profitability on firm value. This research method uses a panel data regression model. This study uses panel data of energy sector companies listed on the Indonesia Stock Exchange (BI) during the period 2020-2024. The hypothesis of this study is that Environmental, Social, Governance (ESG) affects firm value. Profitability affects firm value. Firm size affects firm value. Firm size is able to moderate the relationship between Environmental, Social, Governance (ESG) and firm value. And also firm size is able to moderate the relationship between profitability and firm value. The results of this study are ESG and Profitability do not affect Firm Value and firm size cannot moderate the influence of ESG and Profitability on Firm Value.
Dan et al. (Wed,) studied this question.
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