Abstract

This study aims to analyze the effect of green accounting and sustainability reporting on the firm value of manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2023 period. A quantitative approach was employed using panel data analysis and purposive sampling of 43 companies, resulting in 129 observations. Green accounting was measured using the PROPER rating, while the sustainability report was assessed based on the GRI-G4 disclosure index covering economic, environmental, and social aspects. The regression results show that both green accounting and sustainability reporting have a significant partial effect on firm value, with p-values of 0.028 and 0.031, respectively. The simultaneous test (F-statistic) also indicates a significant joint effect of the independent variables on firm value. These findings suggest that the integration of sustainability disclosure and green accounting practices provides a positive signal to investors and stakeholders, thereby strengthening the company’s economic value. This research contributes to the advancement of corporate sustainability practices and encourages companies to go beyond compliance by embedding sustainability into their core business strategies.


Keywords: Green Accounting, Sustainability Report, Firm Value