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September 5, 2025Jurnal Ilmu Manajemen & EkonomikaOpen Access

Integration of ESG, Profitability, and Good Corporate Governance: Strategy for Increasing Firm Value

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Authors

FAFatkhiyatul AzizahSSSuhita Whini SetyahuniLYLenni Yovita

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Overview

Quantitative research shows ESG and corporate governance improve firm value in non-financial companies, indicating financial performance may not be critical.

Key Points

  • ESG disclosure and governance positively impact firm value, highlighting the importance of corporate governance and sustainability.
  • The study used multiple regression analysis on data from 67 non-financial companies listed on the IDX from 2019 to 2023.
  • Profitability alone does not significantly influence firm value, suggesting that factors like institutional ownership and governance are crucial.
  • This research is framed using legitimacy theory and agency theory to explore corporate governance dynamics.

Cite This Study

Azizah et al. (2025) studied this question.

synapsesocial.com/papers/68c23922b210217d6477a035https://doi.org/10.35384/jime.v17i2.747
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Also Consider

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  1. 1Corporate Governance, ESG Disclosure, and Firm Value: Evidence from Public Companies in Indonesia2025 · 5 citations
  2. 2DOES PROFITABILITY MEDIATE THE EFFECT OF ESG DISCLOSURE ON FIRM VALUE? A STUDY ON ESGL INDEX COMPANIES (2022–2024)2025
  3. 3The Impact of Environmental, Social, and Governance Disclosure on Firm Value with Profitability as a Moderating Variable2025
  4. 4THE ROLE OF ENVIRONMENTAL, SOCIAL, GOVERNANCE AND FIRM SIZE IN ENHANCING FIRM VALUE2025
  5. 5The Influence of ESG Disclosure, Capital Structure, Profitability, and Company Size on Company Value: An Empirical Study on IDXESGL Companies on the IDX for the 2021-2023 Period2025