Pengaruh Green Accounting, Carbon Emission Disclosure, dan Kepemilikan Institusional terhadap Nilai Perusahaan Sektor Energi yang Terdaftar di Bursa Efek Indonesia

This research investigates whether green accounting, carbon emission disclosure, and institutional ownership influence the value of energy sector companies listed on the Indonesia Stock Exchange (IDX) from 2022–2025 period. The sample was selected using the purposive sampling technique, resulting in 23 companies with a total of 92 firm-year observations. Firm value is proxied by Tobin’s Q. Green accounting is calculated as environmental costs divided by net income, carbon emission disclosure is scored with an 18-item checklist, and institutional ownership is represented by the percentage of shares held by institutions. Panel data regression with the Random Effect Model (REM) was applied to analyze the data. The findings show that green accounting has a significant negative influence on firm value, whereas carbon emission disclosure has no significant influence. Institutional ownership, on the other hand, significantly increases firm value.