International Journal of Research and Scientific Innovation (IJRSI)
The Impact of Environmental, Social, Governance (ESG) and Profitability on Firm Value Moderated by Firm Size
Published August 30, 2025 • Vol. 12, Issue 8, pp. 317–322Open Access
DOI: 10.51244/IJRSI.2025.120800028
Abstract
This study aims to examine the influence of ESG and profitability on firm value. This research method uses a panel data regression model. This study uses panel data of energy sector companies listed on the Indonesia Stock Exchange (BI) during the period 2020-2024. The hypothesis of this study is that Environmental, Social, Governance (ESG) affects firm value. Profitability affects firm value. Firm size affects firm value. Firm size is able to moderate the relationship between Environmental, Social, Governance (ESG) and firm value. And also firm size is able to moderate the relationship between profitability and firm value. The results of this study are ESG and Profitability do not affect Firm Value and firm size cannot moderate the influence of ESG and Profitability on Firm Value.
Keywords: Environmental, Social, Governance (ESG); ; Profitability; Company Value; Company Size
| Journal | International Journal of Research and Scientific Innovation (IJRSI) |
|---|---|
| ISSN | 2321-2705 |
| Volume / Issue | Volume 12, Issue 8 |
| Pages | 317–322 |
| Publication date | August 30, 2025 |
| DOI | 10.51244/IJRSI.2025.120800028 |
| Publisher | RSIS International |
| License | Open Access |
How to cite this article
Diah Iskandar Dan, & Riaty Handayani (2025). The Impact of Environmental, Social, Governance (ESG) and Profitability on Firm Value Moderated by Firm Size. International Journal of Research and Scientific Innovation (IJRSI), 12(8), 317-322. https://doi.org/10.51244/IJRSI.2025.120800028
BibTeX
@article{Diah2025,
title = {The Impact of Environmental, Social, Governance (ESG) and Profitability on Firm Value Moderated by Firm Size},
author = {Diah Iskandar Dan and Riaty Handayani},
journal = {International Journal of Research and Scientific Innovation (IJRSI)},
volume = {12},
number = {8},
pages = {317--322},
year = {2025},
doi = {10.51244/IJRSI.2025.120800028},
publisher = {RSIS International}
}