The Effect of Carbon Emissions Disclosure and Corporate Social Responsibility on the Firm Value with Environmental Performance as Variable Control

Abstract

This study Aimed to Investigate how the influence of carbon emission disclosure on the firm  value with environmental performance as control variables and the effcet of corporate social responsibility to the firm value with profitability, leverage and board of commissioner as control variables.

The study population consisted of all manufacturing companies listed in Indonesia Stock Exchange from 2010 to 2013. By using purposive sampling method, the number of samples were obtained as many as 48, which is derived from 12 companies for 4 years. The data consisted of annual reports and corporate sustainability report.

The results of the study, showed that the disclosure of carbon emissions correlated negatively and significantly influence the value of the company. Then, the disclosure of corporate social responsibility correlates positively and significantly influence the value of the company.

Keywords: Emission Carbon Disclosure, Corporate Social Responsibility, Firm Value