The Influence of Profitability, Investment Decisions, Funding Decisions and Environmental Disclosure on Firm Value

The purpose of this study is to obtain empirical evidence on how profitability, investment decisions, financing decisions, and environmental disclosure affect firm value. The research subjects consist of companies engaged in the tourism, hotel, and restaurant sub-sectors listed on the Indonesia Stock Exchange during the period 2021-2023. The research sample was selected using the purposive sampling method, resulting in 27 companies with a total of 87 observations. The data analysis technique applied uses multiple linear regression. The results of the study indicate that profitability variable has no effect on firm value, in contrast to investment decisions which have a positive effect on firm value, whereas funding decisions have a negative effect on firm value and environmental disclosure has no effect on firm value.