The Impact of Green Bond Issuance Decisions and Fundamental Performances on Firm Value in ASEAN-Listed Companies During 2021-2024

This study investigates how green bond issuance decisions, liquidity, profitability, and solvency affect firm value among companies listed on stock exchanges across the ASEAN region. Using a quantitative explanatory research design, the study analyzes secondary data from 11 purposively selected firms. Data were obtained through documentation techniques and processed employing EViews 12.0 to perform a multiple linear regression estimation. The empirical findings show that, partially, green bond issuance decisions, liquidity, and profitability significantly and positively influence firm value, while solvency does not exhibit a significant effect. Furthermore, the findings reveal that, simultaneously, green bond issuance decisions, liquidity, profitability, and solvency collectively have a significant effect on firm value.