Environmental, Social & Governance (ESG), Cash Holding and Retention Ratio on Firm Value with Firm Size as a Moderating Variable

This research aims to determine the influence of environmental, social and governance (ESG), cash holding and retention ratio on firmvalue with firm size as a moderating variable. The sample in this research was taken using a purposive sampling method from manufacturing companies listed on the Indonesia Stock Exchange for the period 2018-2022. The number of samples used was 94 companies. The analytical method used is multiple linear regression and Moderate Regression Analysis (MRA) using the SPSS 26 application. The results of this study show that environmental, social and governance (ESG) and cash holding have a positive effect on firm value, while the retention ratio has no effect on firm. Meanwhile, company size is able to moderate the influence of environmental, social andgovernance (ESG) and retention ratio on firmvalue. However, firm size is not able to moderate cash holding on firm value.