Exploring the Correlation Between Green Investment, Financial Performance, and Corporate Value in Indonesian Manufacturing: A Study on 2019-2023 Period
Quantitative analysis reveals green investment and return on assets boost corporate value in Indonesian manufacturing firms, suggesting beneficial financial implications.
Key Points
Green investment positively influences corporate value, enhancing financial performance metrics.
Return on assets (ROA) has a significant effect, indicating its importance in valuing manufacturing firms.
Economic value added (EVA) does not impact firm value, suggesting limitations in its applicability for performance assessment.
Multiple linear regression analysis provides strong evidence of the relationship between green investments and firm value.