Image of THE MODERATING ROLE OF ASSET UTILIZATION IN THE ESG–FIRM VALUE RELATIONSHIP: EVIDENCE FROM ASSETHEAVY INDUSTRIES LISTED ON THE INDONESIA STOCK EXCHANGE

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THE MODERATING ROLE OF ASSET UTILIZATION IN THE ESG–FIRM VALUE RELATIONSHIP: EVIDENCE FROM ASSETHEAVY INDUSTRIES LISTED ON THE INDONESIA STOCK EXCHANGE

This study examines the relationship between ESG performance and firm value in assetheavy industries listed on the Indonesia Stock Exchange (IDX), focusing on the
moderating role of asset utilization. Grounded in Stakeholder Theory and ResourceBased Theory, the research applies panel regression to 165 firm-year observations from
36 firms between 2018 and 2023. The findings reveal that ESG performance negatively
affects firm value, while asset utilization (TATO) positively moderates this relationship.
These results suggest that operational efficiency enhances the financial salience of ESG
initiatives in capital-intensive sectors.

Availability
30078457845RLC MM (Rak Tesis)Available
Detail Information
Series Title
Tesis
Statement of Responsibility
Call Number
7845
Publisher
Salemba, Jakarta : Magister Manajemen FEB UI.,
Collation
xi, 87 p. : ill. ; 30 cm
Language
English
ISBN/ISSN
-
Classification
650
Content Type
-
Edition
-
Subject(s)
Tesis
MBI Dual Degree
Firm Value
ESG Performance
Stakeholder Theory
Manajemen Keuangan, Pasar Modal, Risiko
Asset Utilization
Panel Data
Specific Detail Info
-
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