Main Article Content
Abstract
This study aims to analyze the influence of environmental (X1), social (X2), and governance (X3) components on company value (Y) in companies included in the ESG leaders index for the 2022-2024 period. The study sample includes 17 issuers that are consistently included in the ESG leaders index and have ESG leaders and ESG risk [1]. The analysis method uses panel data regression with a random effects model approach as used in research[2] and [1]The results show that environmental, social, and governance variables have a positive but insignificant effect on company value, in line with [3]findings that ESG is not yet considered to add value to investors in Indonesia[3]. Thus, this study contributes as empirical evidence in the analysis of ESG implementation in the sustainable corporate sector in Indonesia.