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The Impact Of ESG Practices on Firm Value in Indonesia : Evidence from Financing and Investment Decisions as Mediators

This study of 125 Indonesian manufacturing firms from 2019 to 2023 reveals that while ESG practices do not directly enhance firm value, they indirectly boost it through their positive influence on investment decisions, whereas financing decisions play no significant mediating or direct role.

Original authors: Yulia Efni, Susi Hendriani, Arumega Zarefar, Aulia Pinto Atami

Published 2026-08-26
📖 1 min read☕ Coffee break read

Original authors: Yulia Efni, Susi Hendriani, Arumega Zarefar, Aulia Pinto Atami

Original paper licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). This is an AI-generated explanation of the paper below. It is not written or endorsed by the authors. For technical accuracy, refer to the original paper. Read full disclaimer

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