Effect of Financial Distress, Earnings Management, and Sustainability Disclosure on Company Value

Nabilla Kartika Dewi, Yusro Rahma

Abstract


This study aims to analyze the effect of financial distress, earnings management, and sustainability disclosure on company value. The research focuses on energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. Employing a purposive sampling method, a sample of 92 data points was obtained and analyzed using panel data regression with EViews 12 software. The findings indicate that financial distress does not have a significant effect on company value. Meanwhile, both earnings management and sustainability disclosure were found to have a negative and significant effect on company value. These results provide valuable insights for companies, investors, and regulators regarding the importance of transparent reporting practices and sound financial management strategies.


Keywords


Financial Distress; Earnings Management; Sustainability Report Disclosure; Company Value

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References


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DOI: https://doi.org/10.17509/jrak.v13i2.87883

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