Integrating SDGs 8 Into Investment Opportunities, Ownership Structures, and Capital Policies, Post-Idx Regulation to Drive Sustainable Company Value

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Objectives: Align Investment Strategies with SDGs 8, the study aims to examine how the Investment Opportunity Set (IOS), Corporate Governance Mechanism, Capital Structure Policy, and Post-IDX Regulation impact on company value Theoretical Framework: The study is based on Stewardship Theory (which emphasizes effective cooperation between managers and shareholders) and Agency Theory (which discusses conflicts of interest between managers and shareholders). It also integrates concepts related to investment opportunity sets, institutional and managerial ownership, capital structure, and regulatory changes. Method: This study uses a quantitative approach with a purposive sampling technique to select 172 companies in the Food and Beverage Company sectors listed on the Indonesia Stock Exchange (IDX) in the food and beverage sub-sector during the period 2019 to 2022. Data analysis was conducted using multiple linear regression. Results and Discussion: The study results showed that the Company Value of the Food and Beverage Company in the pre-RGL period is better than that post-RGL period. Regulation from The Indonesian Stock Exchange (IDX) regarding the extension of the submission of financial reports to the public due to COVID-19 conditions can affect company value before 2022. Investment Opportunity Set (IOS) and institutional ownership had an effect on company value but managerial ownership has no effect on company value. Capital Structure Policy had an effect on company value. Institutional Ownership has a significant effect on company value. Research Implications: This study contributes to the literature on investment opportunities and SDGs. Its implications for companies are companies should focus on improving investment opportunities and managing capital structure effectively in their business strategies to support sustainable company value. Institutional ownership helps monitor management and increase company value.Its implications for policy are regulations extending financial reporting deadlines do not necessarily enhance investor confidence or company value. Originality/Value: This research offers added value by examining on how regulatory changes (Pre-RGL period) impact company value. Unlike previous studies that focus only on capital structure and ownership, this study incorporates the impact of financial reporting regulation changes, offering new insights for policymakers and investors.