Darwis Said^1♣, Nurul Fitrah Islamiah², Asriani Junaid³

¹ Faculty of Economics and Business, Universitas Hasanuddin, Makassar, Indonesia
² Accounting Department, Politeknik Negeri Ujung Pandang, Makassar, Indonesia
³ Faculty of Economy and Business, Universitas Muslim Indonesia, Makassar, Indonesia

 
ABSTRACT

This research aimed to determine the role of SDGs disclosure in moderating the effects of green innovation, GHG emissions, and eco-efficiency on firm value. The sample for this research consisted of companies included in the SRI-KEHATI index from 2018 to 2022. A quantitative approach was used, with panel data processed using EVIEWS 10. The sample was selected using purposive sampling, resulting in 16 companies. Over a period of five years, this provided a total of 80 observations. Secondary data were obtained from the internet, specifically from the official IDX website (www.idx.co.id), the Yayasan Keanekaragaman Hayati Indonesia website (www.kehati.or.id), and the official websites of each company. The results of this study indicated that green innovation and GHG emissions had a partial effect on firm value. An increase in green innovation enhanced firm value, whereas an increase in GHG emissions led to a decrease in firm value. Eco-efficiency, however, did not have a significant effect on firm value. Additionally, SDGs disclosure moderated the impact of green innovation and GHG emissions on firm value, but it did not moderate the effect of eco-efficiency on firm value.

Keywords: Sustainable Development Goals Disclosure, Green Innovation, Greenhouse Gas Emissions, Eco-efficiency, Firm Value