The Effect of Greenhouse Gas Emissions Disclosure and Environmental Performance on Firm Value: Indonesia Evidence

This study aimed to investigate the effect of greenhouse gas emissions
disclosure and environmental performance on firm value. The samples were
companies participating in the Performance Rating Assessment Program on
Environment Management (PROPER/Program Penilaian Peringkat Kinerja
Perusahaan) of the Ministry of Environment Republic of Indonesia that are
listed in the Indonesia Stock Exchange (BEI) 2014-2017 period. The data used were secondary data from annual reports and/or sustainability reports. This study uses moderated regression analysis with panel data processed by using EViews. The results of this research found that greenhouse gas emissions disclosure and environmental performance have a positive effect on firm value. Environmental performance can moderate the relationship between greenhouse gas emissions disclosure and firm value. Debt to equity ratio and net operating income as control variables have a positive effect on firm value, but firm size has a negative effect on firm value.