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October 12, 2025

Exploring the Correlation Between Green Investment, Financial Performance, and Corporate Value in Indonesian Manufacturing: A Study on 2019-2023 Period

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Authors

GRGabriela Febrylian RandananTadulako UniversityAFAndi Chairil FurqanTadulako University

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Implication

Quantitative analysis reveals green investment and return on assets boost corporate value in Indonesian manufacturing firms, suggesting beneficial financial implications.

Key Points

  • Green investment positively influences corporate value, enhancing financial performance metrics.
  • Return on assets (ROA) has a significant effect, indicating its importance in valuing manufacturing firms.
  • Economic value added (EVA) does not impact firm value, suggesting limitations in its applicability for performance assessment.
  • Multiple linear regression analysis provides strong evidence of the relationship between green investments and firm value.

Cite This Study

Randanan et al. (2025) studied this question.

synapsesocial.com/papers/68ebffcfdef9fcb308ff268fhttps://doi.org/10.54065/ijed.5.2.2025.435
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