Literature Review: The Effect Of Carbon Emission Disclosure And Environmental Performance On Firm Value
Keywords:
Carbon Emission Disclosure, Environmental Performance, Firm ValueAbstract
This study aims to examine the effect of Carbon Emission Disclosure and Environmental Performance on Firm Value through a literature review approach. The study employs a qualitative descriptive method by analyzing 15 journal articles obtained through Google Scholar within the last five years. The findings indicate that Carbon Emission Disclosure and Environmental Performance generally have a positive effect on Firm Value because they improve transparency, corporate reputation, and investor confidence. However, several studies show insignificant results because some investors still prioritize short-term financial performance over environmental aspects. This study concludes that carbon emission disclosure and environmental performance play an important role in supporting Firm Value and long-term business sustainability.
References
Abbas, D. S., & Umaroh, A. Z. (2025). The influence of green accounting, corporate social disclosure, carbon emission disclosure, and green product innovation on Firm Value. Jurnal Ekonomi Dan Bisnis, 28(Oktober), 469–490.
Ardillah, K., & Chandra, Z. (2021). Corporate Environmental Disclosure, Environmental Performance, And Corporate Governance Structures On Firm Value. Ultima Accounting, 13(2), 334–351.
Banjari, N. R. Al. (2023). Pengaruh Green Accounting Dan Carbon Emission Disclosure terhadap Nilai Perusahaan Melalui Maqashid Syariah. Jurnal Riset Akuntansi Politala, (2), 386–403.
Damanik, E. P., & Prihandini, W. (2025). Analisis Pengaruh Emisi Karbon, Kinerja Keuangan, Eco-Efficiency dan Green Innovation Terhadap Nilai Perusahaan dengan Kinerja Lingkungan Sebagai Variabel Moderasi: Studi Perusahaan Sektor Energy di Bursa Efek Indonesia Periode 2019-2023. Jurnal Kajian Ekonomi Dan Bisnis Islam, 6(2), 526.
Darmawan, L., & Firmansyah, A. (2025). Carbon Emission Disclosure, Carbon Performance, and Firm Value: Exploring Intellectual Capital’s Role. Jurnal Dinamika Akuntansi, 17(1), 85–101. https://doi.org/10.15294/jda.v17i1.19480
Dewi, G. A. K. R. S. (2025). Carbon Emission Disclosure, Environmental Performance, and Firm Value: The Role of Financial Performance. JIA (Jurnal Ilmiah Akuntansi), (1), 70–86. https://doi.org/https://dx.doi.org/10.23887/jia.v10i1.55564
Ericho, M. F., & Amin, M. N. (2024). The Influence of Carbon Emission Disclosure Green Intellectual Capital and Environmental Performance on Firm Value With Moderation of Firm Size. Quantitative Economics and Management Studies, 5(4), 752–761. https://doi.org/10.35877/454ri.qems2728
Fadila, N. (2025). Pengaruh Pengungkapan Emisi Karbon Dan Kinerja Lingkungan Terhadap Nilai Perusahaan (Studi Pada Sektor Energi Yang Terdaftar Di Bursa Efek Indonesia Tahun 2020-2024). Adil: Jurnal Hukum Stih Ypm, 7(2), 43. https://adil.stihypm.ac.id/index.php/ojs/index
Fina, Maulidina, R., & Mustika, I. G. (2024). Pengaruh Green Accounting, Carbon Emission Disclosure, dan Profitabilitas terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Keuangan, 12(2), 239. https://doi.org/10.29103/jak.v12i2.17377
Gunawan, B., & Berliyanda, K. L. (2024). Pengaruh Green Accounting, Pengungkapan Emisi Karbon, dan Kinerja Lingkungan Terhadap Nilai Perusahaan. Reviu Akuntansi Dan Bisnis Indonesia, 8(1), 33–50. https://doi.org/10.18196/rabin.v8i1.22027
Hardiyansah, M., Agustini, A. T., & Purnamawati, I. (2021). The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type. Journal of Asian Finance, Economics and Business, 8(1), 123–133. https://doi.org/10.13106/jafeb.2021.vol8.no1.123
Izzania, M., Hardianingsih, A., & Nurzanah, E. (2024). Carbon Emission Disclosure In Indonesia: Perspective Of Stakeholder Theory. Soedirman Accounting Review (SAR): Journal of Accounting and Business, 09(01), 88–98.
Lestari, A. D., & Khomsiyah. (2023). Pengaruh Kinerja Lingkungan, Penerapan Green Accounting, dan Pengungkapan Sustainability Report Terhadap Nilai Perusahaan. Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi (Jebma), 3(3). https://www.globalreporting.org/
Liu, R., Rahman, M. R. C. A., & Jamil, A. H. (2025). Leveraging Environmental Regulation: How Green Innovation Moderates the Relationship Between Carbon Information Disclosure and Firm Value. Sustainability (Switzerland), 17(6). https://doi.org/10.3390/su17062597
Maharani, D. (2024). Carbon Emission Disclosure: A Study Of Manufacturing Companies In Indonesia 2018 – 2022. Jurnal Ilmu Manajemen, 21(2), 101–116. https://doi.org/10.21831/jim.v21i2.78669
Oktaviani, A., & Al Ghozi, M. A. (2025). Carbon Emission Disclosure, Eco-Efficiency, And Firm Value. Riset, 7(2), 103–116. https://doi.org/10.37641/riset.v7i2.2726
Oriska, S., & Kusumawardani, N. (2024). The Impact of Carbon Emission Disclosure and Green Innovation on Company Value: Moderating Role of Environmental Performance. International Journal of Economics, Business and Accounting, 2(3), 240–249. https://doi.org/10.5281/zenodo.12948519
Purnami, K. S., Gede, L., & Dewi, K. (2025). Sustainability Disclosures, Environmental Investments, and Corporate Valuation: Examining the Interplay between Performance and Perception. Jurnal Akuntansi, 35(11), 2094–2106. https://doi.org/10.24843/EJA.2025.v35.i12.p02
Sari, P. A., Rays, M., Purwanti, & Hidayat, I. (2024). Achievement of Carbon Emission Disclosure as a Mediator between Factors Increasing Firm Value: Eco-efficiency and Green Innovation. International Journal of Energy Economics and Policy, 14(6), 246–253. https://doi.org/10.32479/ijeep.16949
Supriyanti, E., & Wardhani, N. K. (2024). The Role Of Green Accounting And Carbon Emission Disclosure In Increasing Firm Value. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 7(3). https://doi.org/https://doi.org/10.31538/iijse.v7i3.5611
Utari, I. T., & Khomsiyah, K. (2024). Pengaruh Economic Performance, Environmental Performance dan Good Corporate Governance Terhadap Nilai Perusahaan (Tobins’Q). Owner: Riset & Jurnal Akuntansi, 8(4), 4866–4877. https://doi.org/10.33395/owner.v8i4.2304
Yuliandhari, W. S., Saraswati, R. S., & Rasid Safari, Z. M. (2023). Pengaruh Carbon Emission Disclosure, Eco-Efficiency dan Green Innovation Terhadap Nilai Perusahaan. Owner, 7(2), 1526–1539. https://doi.org/10.33395/owner.v7i2.1301
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Nadya Nur Ramadhani

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.









