The Influence of ESG and Intellectual Capital on Company Value: A Systematic Literature Review

Sendi Gusnandar Arnan; R. Wedi Rusmawan Kusumah

doi:10.55227/ijhess.v4i4.1562

Authors

Sendi Gusnandar Arnan Accounting Department, Faculty of Economics & Buisness, Widyatama University
R. Wedi Rusmawan Kusumah Accounting Department, Faculty of Economics & Buisness, Widyatama University

DOI:

https://doi.org/10.55227/ijhess.v4i4.1562

Keywords:

Environmental, Social, and Governance (ESG), Intellectual capital, Company value

Abstract

The company's primary objective, beyond generating profit, is to enhance its overall value. Increasing a company's value involves not just shareholders but also encompasses all groups of stakeholders. The company’s value can be affected by various factors, both financial and non-financial. Among the non-financial elements that can impact company value are ESG considerations and Intellectual Capital. This research intends to examine existing literature regarding the effects of ESG and Intellectual Capital on company value. Additionally, this study seeks to identify emerging trends in the research surrounding ESG and Intellectual Capital, as well as to pinpoint areas where further research can be expanded in the future. The method in this study is the Systematic Literature Review (SLR). The literature extraction process is carried out using the PRISMA flow diagram. Data processing uses the publish or perish application. The number of articles collected was 400 articles from 2013 to 2023 which came from the Google Scholar database. Then the article was excluded as many as 351 articles because they did not meet the criteria so that the articles analyzed were 49 articles. The results of the study showed that there was an influence between Environmental, Social, and Govenance (ESG) and Intelectual capital on company value. The development or trend of research increases every year. Furthermore, opportunities for further research are very open

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