The Influence of ESG Disclosure, Tax Avoidance, and Firm Size on Firm Value (A Study of Companies Listed on the IDX ESG Leaders Index, 2021–2024)

Abstract

This study aims to analyze the influence of Environmental, Social, and Governance (ESG) disclosure, tax avoidance, and company size on firm value in companies listed in the IDX ESG Leaders Index for the 2021-2024 period. The population of interest was 30 companies. The research sample was determined using a purposive sampling method with specific criteria, resulting in a sample of 13 companies with 52 data sets for the 2021-2024 period. This study employed a quantitative approach with secondary data obtained from annual reports, sustainability reports, and company financial statements. Data analysis was performed using multiple linear regression with the help of IBM SPSS Statistics 26. The results showed that ESG disclosure significantly impacted firm value, and firm size also significantly impacted firm value. Meanwhile, tax avoidance did not significantly impact firm value.