Green Innovation, Carbon Emission Disclosure, Environmental Performance, Firm Value, Sustainability
Abstract
This study aims to examine the impact of green innovation and carbon emission disclosure on firm value, with environmental performance as a moderating variable. The research focuses on energy sector companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. A quantitative approach was used, employing secondary data derived from annual and sustainability reports. The data were analyzed using panel data regression through EViews 19. The results show that both green innovation and carbon emission disclosure have a significant positive effect on firm value. Furthermore, environmental performance was found to moderate the relationship between green innovation and firm value, but did not moderate the effect of carbon emission disclosure. These findings suggest that implementing green innovation and disclosing carbon emissions can enhance firm value, especially when supported by strong environmental performance. This study contributes to the growing body of literature on sustainability and corporate value, and provides practical implications for companies, investors, and regulators in promoting environmental responsibility and transparency.