Pengaruh pengungkapan sustainability report terhadap nilai perusahaan dengan ukuran perusahaan (size) sebagai variabel kontrol

This study aims to evaluate the effect of sustainability report disclosure on economic, environmental, and social aspects on company value, considering company size as a control variable. The sample used in this study includes 30 energy sector companies listed on the Indonesia Stock Exchange (IDX) and consistently publish sustainability reports during the period 2021 to 2023. The analysis method used is multiple linear regression. The results of the study show that disclosure on the economic aspect has a positive and significant effect on company value. Conversely, the environmental aspect does not show a significant relationship, while the social aspect actually has a significant negative impact on company value. This finding reflects that the market in Indonesia still pays primary attention to economic performance, while social and environmental aspects have not been fully considered as the main indicators in assessing company value. Therefore, transparency in the economic aspect is an important strategy in increasing investor attractiveness and company value.