Good Corporate Governance Mechanism in Increasing Firm Value with Corporate Social Responsibility Disclosure and Green Intellectual Capital as Mediating Variables

Numerous factors exert influence on Firm Value within a company, encompassing aspects such as good corporate governance, corporate social responsibility (CSR) disclosure, green intellectual capital, and economic, social, and environmental dimensions. Objective : This study aims to empirically analyze and assess the impact of good corporate governance on Firm Value, with corporate social responsibility and green intellectual capital as intervening variables. Methodology : Employing a purposive sampling method, research data was collected from telecommunications companies listed on the BEI between 2017 and 2022. Research results : The findings underscore that good corporate governance (GCG) positively affects corporate social responsibility disclosure (CSRD), green intellectual capital (GIC), and firm value (FV). Moreover, corporate social responsibility disclosure and green intellectual capital serve as indirect mediators in the relationship between corporate governance and firm value, albeit with a smaller magnitude compared to the direct impact of GCG on FV. This disparity arises from management's challenges in effectively allocating resources to foster the company's growth and social responsibility initiatives.