ANALYZING THE IMPACT OF CSR DISCLOSURE, SDGS DISCLOSURE, AND FINANCIAL PERFORMANCE TOWARDS FIRM VALUE LISTED ON THE INDONESIAN STOCK EXCHANGE FROM 2022-2024

Abstract

This research aims to discover the influence of Corporate Social Responsibility Disclosure (CSRD), Sustainable Development Goals Disclosure (SDGD), and Return on Assets (ROA) on the firm value. The measurement of CSRD, SDGD,

and firm value is computed by GRI 1, a disclosure of 17 goals, and PBV as of year- end and March-end, respectively. This research applies a quantitative method and

purposive sampling. The sample consists of 36 manufacturing companies listed on the Indonesian Stock Exchange (IDX) from 2022 to 2024. The data is analyzed using EViews 13. The main finding of this research is that the CSRD has a significantly negative influence on PBV at year-end, while SDGD has a significantly positive impact. Meanwhile, the ROA does not influence the PBV. This research finding of SDGD supports the stakeholders, signaling, and sustainability theory. However, the other variables could not support the extant theories, as the results are contrary to the hypotheses. Therefore, further improvement is needed for future research, such as adding more data, samples, and the observation period, and also considering other potential industries apart from the manufacturing companies.