Environmental Investment and Good Corporate Governance as Determinants of Sustainable Company Value

DOI

10.2991/978-94-6239-709-5_90How to use a DOI?

Keywords

Environmental Investment; Good Corporate Governance; Company Size; Sustainable Corporate Values; Indonesian capital market

Abstract

The purpose of this study is to investigate how environmental investment and good corporate governance (GCG) affect sustainable company value where company size as control variable. This research uses the secondary data on 30 manufacturing companies that listed in the Indonesian Stock Exchange for the periods of 2020 to 2023. Classical assumptions were checked prior to using the multiple regression model. The result is evidential that the investment on the environment does not affect a lot significantly for sustainable corporate value, which are informing that the Indonesian capital market was not totally recognize to allocate funds budget for environment as a long-term strategy to form creation value. Instead the effect of good corporate governance on increasing the sustainable corporate value becomes positive due to a kind of investors firm’s attention on transparency, accountability, and internal control system. Company size (as reflected by size) also failed to exert influence or to moderate the relationship of 2 independent variables with company value. Since the results are robust these implications suggest that it’s easier to our assumption that the environmental decent corporate governance is an issue of perception in the market and this investment must be communicated as a strategic tool, not only for burden. The findings of this study guide the management to invest the resources efficiently and are useful for regulators in fostering the behaviour of ESG that is consistent with investor expectation in Indonesian capital market.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Mediaty Mediaty
AU  - Darwis Said
AU  - Anis Anshari Mas’ud
AU  - Nurhalija
PY  - 2026
DA  - 2026/06/20
TI  - Environmental Investment and Good Corporate Governance as Determinants of Sustainable Company Value
BT  - Proceedings of the 10th International Conference on Accounting, Management, and Economics (10th ICAME 2025)
PB  - Atlantis Press
SP  - 1309
EP  - 1319
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-709-5_90
DO  - 10.2991/978-94-6239-709-5_90
ID  - Mediaty2026
ER  -