The Effect of Green Accounting, Environmental Performance, and Corporate Social Responsibility (CSR) on the Firm Value of Textile Companies Listed on the Indonesia Stock Exchange (IDX) During the 2022–2024 Period

Abstract

This study aims to examine the effect of green accounting, environmental performance, and Corporate Social Responsibility (CSR) on the firm value of textile companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. This research employed a quantitative approach using secondary data obtained from annual reports and sustainability reports. The population consisted of all textile companies listed on the IDX, while the sample was selected using purposive sampling, resulting in 18 companies with an unbalanced panel of 50 observations. Data were analyzed using panel data regression with EViews version 13. The findings indicate that green accounting, environmental performance, and CSR simultaneously have a significant effect on firm value. Partially, green accounting and environmental performance have a positive and significant effect on firm value, indicating that environmental transparency and good environmental management enhance investor confidence and improve firm value. Meanwhile, CSR does not have a significant effect on firm value, suggesting that CSR disclosure alone has not become a primary consideration for investors in assessing textile companies. These findings imply that the implementation of environmental accounting and environmental performance plays a more important role than CSR disclosure in increasing firm value within the Indonesian textile industry.