Razqiya Rahma Fardillah, . (2025) ANALISIS PENGARUH GREEN INVESTMENT DAN ENVIRONMENTAL, SOCIAL, GOVERNANCE PERFORMANCE TERHADAP FIRM VALUE SEKTOR ENERGI DI ENAM NEGARA ASEAN. Skripsi thesis, Universitas Pembangunan Nasional Veteran Jakarta.
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Abstract
The energy sector is a strategic industry currently facing significant pressures arising from the global energy transition, commodity price volatility, and increasing stakeholder demands for stronger sustainability practices. These challenges are particularly pronounced in the ASEAN region, where the energy mix remains heavily dominated by fossil fuels while simultaneously being urged to accelerate decarbonization efforts This context underscores the importance of empirical evidence on the extent to which green practices and ESG performance contribute to firm value creation in the energy sector. This study examines the influence of green investment and the Environmental, Social, and Governance (ESG) pillars on firm value among energy companies across six ASEAN countries during the 2020–2024 period, using secondary data obtained from Refinitiv and panel regression techniques. The sample was determined through a census approach based on the availability of ESG and green CAPEX data, with firm value proxied by Tobin’s Q and ROA and firm size included as control variables. The results reveal that green investment, environmental performance, social performance, and governance performance do not have a significant effect on firm value. These findings suggest that the implementation of green investment and ESG initiatives within the ASEAN energy sector remains predominantly compliance-driven and has not yet generated sufficiently strong economic signals to be recognized by the market. The implications of this study highlight the importance of strengthening the regional energy-transition ecosystem, improving the quality of sustainability implementation and reporting, and enhancing investor awareness to ensure that green investment and ESG performance can function more effectively in shaping firm value within the ASEAN energy industry.
| Item Type: | Thesis (Skripsi) |
|---|---|
| Additional Information: | [No.Panggil: 2210111266] [Pembimbing: Dewi Cahyani Pangestuti] [Penguji 1: Ardhiani Fadila] [Penguji 2: Sri Mulyantini] |
| Uncontrolled Keywords: | Green Investment, ESG Performance, Firm Value, Green CAPEX, ASEAN |
| Subjects: | H Social Sciences > HD Industries. Land use. Labor > HD28 Management. Industrial Management H Social Sciences > HD Industries. Land use. Labor > HD61 Risk Management H Social Sciences > HG Finance |
| Divisions: | Fakultas Ekonomi dan Bisnis > Program Studi Manajemen (S1) |
| Depositing User: | RAZQIYA RAHMA FARDILLAH |
| Date Deposited: | 17 Mar 2026 01:33 |
| Last Modified: | 17 Mar 2026 01:33 |
| URI: | http://repository.upnvj.ac.id/id/eprint/41203 |
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