The Effect of ESG Disclosure and Financial Performance on Company Value with Company Size as a Control Variable on Companies Listed on the ESG Leaders Index

This study aims to evaluate the influence of ESG Disclosure and Financial Performance aspects on Company Value with Company Size as a control variable. This study uses a population of companies included in the ESG Leaders index during the 2021-2023 period and a sample collection method using Purposive Sampling which resulted in 90 research samples. The results of the study reveal that Environmental Social Governance (ESG) Disclosure, Profitability, Liquidity and Company Size as control variables have a positive and significant effect on company value. While Leverage has a negative and insignificant effect on company value. This finding emphasizes the importance of integrating ESG principles into corporate strategy not only to mitigate risk but also to increase the company's attractiveness in the eyes of investors. This study provides a relevant empirical contribution, especially in the context of developing countries and can be used as a reference for other companies in optimizing company value through the implementation of effective sustainability practices.