Financial Factors Affecting the Value of Companies With Disclosure of Greenhouse Gas Emissions as Mediation

Abstract: This study aims to examine and analyze the influence of financial factors on firm value. This research is conducted on mining companies listed on the Indonesia Stock Exchange in 2014-2018. The sampling method used is using purposive sampling technique. The number of companies that meet the criteria is 14 companies with 70 observations. The analysis technique uses path analysis and multiple linear regression analysis. The results showed that high profitability and growth rate of the company can increase the value of the company, while the size of small companies does not affect the value of the company. The disclosure of greenhouse gas emissions affect the value of the company. The high profitability, the size of the company and the growth rate of the company affect the disclosure of greenhouse gas emissions. Disclosure of greenhouse gas emissions can mediate the affect of profitability, company size and firm growth at the value of the company.

Key words: profitability; company size; company growth; disclosure of greenhouse gas emissions; company value

JEL code: Q560