Title: Amidst COVID-19: the moderating role of innovation and brand valuation in ESG disclosure and firm value relationship

Authors: Josua Tarigan; Jasmine Iskandar; Saarce Elsye Hatane

Addresses: Petra Christian University, Jl. Siwalankerto No.121-131, Surabaya, Jawa Timur, Indonesia ' Petra Christian University, Jl. Siwalankerto No.121-131, Surabaya, Jawa Timur, Indonesia ' Petra Christian University, Jl. Siwalankerto No.121-131, Surabaya, Jawa Timur, Indonesia

Abstract: This paper mainly aims to explain the correlation of ESGD, innovation, and brand valuation toward firm value. In addition, this paper also observes the significant changes in ESGD before and during the COVID-19 pandemic. The study found that innovation positively strengthens the relationship between ESGD and firm value, while brand valuation does not. ESGD has had significant changes before and during the COVID-19 pandemic. The findings suggest ESGD, innovation, and brand valuation act as a competitive advantage and enhance additional value towards the firm value. The link between ESGD and firm value has been extensively studied. There is still a sizable study gap when considering potential mediating elements that can offer a more thorough and fuller picture of the ESGD and firm value link. Innovation and brand valuation are two of the most significant potential mediators.

Keywords: ESG disclosure; ESGD; innovation; brand valuation; firm value; COVID-19.

DOI: 10.1504/IJWI.2025.147771

International Journal of Work Innovation, 2025 Vol.6 No.3, pp.229 - 252

Received: 06 Oct 2023
Accepted: 30 Nov 2023
Published online: 31 Jul 2025 *

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