The Energy Efficiency of Green Finance and The Impact of Green Finance and Environmental Performance on Company Value Through Financial Performance

This study examines how green finance, environmental performance, and corporate social responsibility disclosure influence firm value via financial performance within the Sri-Kehati index from 2018 to 2022. Using a purposive sampling technique, the research included seven out of 15 companies listed in the index. Secondary data from annual and sustainability reports was analyzed using a panel data regression model in E-Views 10 software. The findings indicate that green finance has a negative and insignificant effect on both financial performance and firm value. Conversely, environmental performance shows a positive and significant impact on both financial performance and firm value. Additionally, economic performance has a positive and significant impact on firm value. When considering financial performance as a moderating variable, green finance has a negligible negative effect on company value, while environmental performance, acting as a mediating variable, has a significant, negative impact on company value through financial performance.