Please take a moment to complete this survey below
Library's collection Library's IT development CancelTo explain more deeply the manifestation of firm ownership structure among Indonesian manufacturing industry. This paper highlights the empirical evidence on the correlation of ownership structure (OS), environmental disclosure (EDI), profitability (PROFIT) and firm value (FV). Global Reporting Initiative (GRI) measuring method is used as a basis for evaluating the environmental disclosure information as it provides more transparency to the rating. The profitability seizes accounting-based measurements, and firm value captures the market-based measures. 31 Indonesian listed firms in the manufacturing sector are employed as the sample, with observation years from 2016 until 2018. By conducting Partial Least Square (PLS) analysis, it is revealed that ownership structure positively affects environmental disclosure, firm value and negatively influence profitability. In the future, environmental exposure has positively correlated with profitability and firm value. The empirical result suggests that other than profitability, environmental exposure serves as a factor in affecting the firm value of enterprises.