The Effect of Carbon Emission Disclosure on Firm Value with Company Size as A Moderation

Abstract

Firm value is a measure of a company's success in both the past and the future. A high firm value indicates strong past performance and also signals investor confidence in the company's future prospects. Meanwhile, many large companies have set ambitious targets to reduce emissions and utilize carbon credits as part of their corporate strategies. Firm size significantly influences operational activities; larger firms are generally perceived as more stable and as having achieved operational maturity. This study aims to analyze the effect of carbon emission disclosure on firm value with company size as a moderating variable (study on manufacturing companies listed on the JII in 2020-2024). Research using quantitative methods. The results of this study indicate that partially the carbon emission disclosure variable has no effect on firm value, the company size does not moderate the effect of carbon emission disclosure on firm value because investors more concern about financial performance and the regulator has no strict evaluation or monitoring to control carbon emission disclosure.