Pengaruh Kinerja Environmental, Social, and Governance (ESG) Terhadap Nilai Perusahaan dengan Kebijakan Dividen sebagai Variabel Moderasi (Perusahaan di Indeks IDX ESG Leaders Periode 2021-2024)

This study aims to determine the effect of Environmental, Social, and Governance (ESG) performance on firm value with dividend policy as a moderating variable. The study focuses on companies in the IDX ESG Leaders Index with a research period from 2021-2024. The data in study used are secondary data. The population in this study companies in the IDX ESG Leaders Index. The sampling sampling selection used is purposive sampling, resulting in 109 research data. Hypothesis testing is conducted using subgroup regression analysis. The results of this research showed dividend policy can moderate the relationship between Environmental, Social, and Governance (ESG) performance and firm value.