Proceedings of the International Conference on Economics, Business, Social, and Humanities 2025 (ICEBSH 2025)

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Factors Affecting Firm Value in the Energy and Basic Materials Sector (2019–2023)

Authors
Kadek Yogi Pratama1, Henny Wirianata2, *
1Business and Economy Faculty, Universitas Tarumanagara, Jakarta, Indonesia
2Business and Economy Faculty, Universitas Tarumanagara, Jakarta, Indonesia
*Corresponding author. Email: hennyw@fe.untar.ac.id
Corresponding Author
Henny Wirianata
Available Online 29 December 2025.
DOI
10.2991/978-2-38476-495-2_10How to use a DOI?
Keywords
CSRD; GCG; Cash Holding; Firm Value
Abstract

This research discusses the factors influencing firm value. This study uses energy and basic materials sector companies listed on the IDX in 2019–2023. A total of 97 data were obtained based on the purposive sampling technique. Using SPSS version 25, the variables studied include independent variables consisting of Corporate Social Responsibility Disclosure (CSRD) as assessed by the GRI standard index, Good Corporate Governance (GCG) as calculated by the independent commissioners, and Cash holding (CH) as quantified by the proportion of cash to total assets. Firm value with Tobin’s Q parameters is the dependent variable. The study results indicate that CSRD has no effect on firm value, GCG has a negative effect on firm value, and CH has no effect on firm value. This study concludes that GCG is a variable that companies need to consider further, considering its influence on firm value.

Copyright
© 2025 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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Volume Title
Proceedings of the International Conference on Economics, Business, Social, and Humanities 2025 (ICEBSH 2025)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
29 December 2025
ISBN
978-2-38476-495-2
ISSN
2352-5398
DOI
10.2991/978-2-38476-495-2_10How to use a DOI?
Copyright
© 2025 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.

Cite this article

risenwbib
TY  - CONF
AU  - Kadek Yogi Pratama
AU  - Henny Wirianata
PY  - 2025
DA  - 2025/12/29
TI  - Factors Affecting Firm Value in the Energy and Basic Materials Sector (2019–2023)
BT  - Proceedings of the International Conference on Economics, Business, Social, and Humanities 2025 (ICEBSH 2025)
PB  - Atlantis Press
SP  - 96
EP  - 105
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-495-2_10
DO  - 10.2991/978-2-38476-495-2_10
ID  - Pratama2025
ER  -