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August 18, 2025AJAROpen Access

The Effect of Environmental Performance on Firm Value: Role of Profitability

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Authors

MTMichel TunggadiKKKunradus Kampo

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Overview

Analysis reveals environmental performance significantly affects firm value in manufacturing, suggesting profitability moderates this relationship.

Key Points

  • Environmental performance significantly increases firm value, showing a positive relationship that should not be overlooked.
  • Profitability serves as a crucial factor, moderating the link between environmental performance and firm value in this context.
  • Observational analysis across 33 manufacturing companies listed on the Indonesia Stock Exchange between 2021-2023 was conducted.
  • Findings support the need for firms to focus on environmental performance to enhance their market value and profitability.

Cite This Study

Tunggadi et al. (2025) studied this question.

synapsesocial.com/papers/68af5d75ad7bf08b1eae119dhttps://doi.org/10.35129/jz1hhx79
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