Analisis Pengaruh Green Investment Terhadap Nilai Perusahaan Perbankan di Indonesia Serta Faktor-Faktor Yang Mempengaruhi
(Studi Kasus Pada Perusahaan Perbankan Go Public di Indonesia Tahun 2018-2024)
DOI:
https://doi.org/10.61492/baashima.v4i3.624Keywords:
Firm Size, Corporate Governance, Green Investment, Firm Value, BankingAbstract
This study aims to analyze the effects of firm size, corporate governance proxied by institutional ownership, and green investment on the firm value of Indonesian banks, proxied by Price to Book Value (PBV), both partially and simultaneously. A quantitative panel-data regression was applied to 20 banks listed on the Indonesia Stock Exchange during 2018-2024, yielding 140 observations selected through purposive sampling. Chow and Hausman tests identified the Fixed Effect Model as the appropriate estimation model. The results show that firm size has a positive but insignificant effect on PBV, corporate governance has a positive and significant effect, while green investment has a negative but insignificant effect. Simultaneously, firm size, corporate governance, and green investment significantly affect firm value. The Adjusted R-squared of 0.849390 indicates that the model explains 84.94% of PBV variation. These findings are useful for bank management in strengthening governance and communicating the long-term value of green financing, for investors in evaluating banks more comprehensively, and for future research on sustainable finance.
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