Abstract:
This study was conducted to analyze the relationship between disclosure of
carbon emissions and firm value with profitability as a moderating factor. The
research sample used was energy companies listed on the Indonesia Stock
Exchange for a period of 2019 - 2023. The sampling technique uses the Slovin
formula or random sampling with linear regression analysis processed. The results
showed that disclosure of carbon emissions has a negative effect on firm value,
while profitability can strengthen the positive relationship between disclosure of
carbon emissions and firm value. From these results, it can be assumed that
investors generally only pay attention to the company's financial condition when
making investment decisions. This study hopes that all stakeholders will implement
environmental concerns. In addition, it is also recommended that regulatory
standard setters in Indonesia further examine regulations regarding the disclosure
of carbon emissions in companies, as this issue has become a global issue. With the
standards set for carbon emission disclosure, companies are expected to improve
the quality of information disclosure to the public.
