Abstract
This research aims to examine the effect of environmental, social, and governance (ESG) disclosure on market capitalization value. This quantitative research uses purposive sampling techniques in the sampling process. The number of samples in this research was 14 companies indexed by IDX-ESG Leaders for 2018-2022. This research uses the NASDAQ 2.0 disclosure standard to measure ESG disclosure. The research results show that environmental disclosure does not affect market capitalization value. Meanwhile, social disclosure and governance have a positive effect on market capitalization value. The results of this research have implications for companies and investors in considering ESG disclosure information as an effort to increase market capitalization value and determine investment decisions.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have