ECO-EFFICIENCY, GREEN INNOVATION AND CARBON EMISSION DISCLOSURE ON COMPANY VALUE IN HIGH PROFILE INDUSTRIAL COMPANIES
Abstract
This study aims to determine the effect of eco efficiency, green innovation and carbon emission disclosure on company value in high profile industrial companies listed on the Indonesia Stock Exchange in 2018-2022. The sampling technique in this research used purposive sampling. The analytical technique used in the research is multiple linear regression analysis with the analysis tested namely classical assumptions which include normality tests, multicollinearity tests, autocorrelation tests and heteroscedasticity tests. Hypothesis testing consists of analysis of the coefficient of determination, partial test (t) and simultaneous test (f). The research population is high profile industrial companies for the 2018-2022 period with a sample size of 110 data. The study results show that partially eco-efficiency has no effect on company value, green innovation has an effect on company value, carbon emissions disclosure has an effect on company value and simultaneously eco-efficiency, green innovation and carbon emissions disclosure have an effect on company value.
References
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R. B. Deswanto, & Siregar, S. V. (2018). The associations between environmental disclosures with financial performance, environmental performance, and firm value. Social Responsibility Journal, 14(1), 180–193.
Rahmanita, S. (2020). Pengaruh Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Pemoderasi. Akuntansi : Jurnal Akuntansi Integratif, 6(01), 54–71. https://doi.org/10.29080/jai.v6i01.273
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Tonay, C., & Murwaningsari, E. (2022). PENGARUH GREEN INNOVATION DAN GREEN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI MODERASI (Vol. 24, Issue 2). http://jurnaltsm.id/index.php/JBA
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Xie, Z., Wang, J., & Zhao, G. (2022). Impact of Green Innovation on Firm Value: Evidence From Listed Companies in China’s Heavy Pollution Industries. Frontiers in Energy Research, 9(January), 1–17. https://doi.org/10.3389/fenrg.2021.806926
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Yanti, Nursyabani, N., & Rachpriliani, A. (2023). The Effect of Green Innovation and Sustainability Report on the Financial Performance of MSMEs in Karawang. International Journal of Social Science and Human Research, 6(08), 4844–4853. https://doi.org/10.47191/ijsshr/v6-i8-32
Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019a). The mediating effect of environmental management accounting on green innovation - Firm value relationship. International Journal of Energy Economics and Policy, 9(2), 299–306. https://doi.org/10.32479/ijeep.7438
Almaeda, T. R., Pramuda, A. V. D., & Setiawan, D. (2023). Perkembangan Penelitian Carbon Disclosure di Indonesia. Reviu Akuntansi Dan Bisnis Indonesia, 7(1), 109–133. https://doi.org/10.18196/rabin.v7i1.17607
Apri, V., Safitri, D., & Nani, D. A. (2021). Does Corporate Governance and Eco-Efficiency Contribute to Firm Value ? An Empirical Study in Indonesian State- Owned Enterprises ( SOEs ). 15(1), 73–88.
Apriandi, D., & Hexana Sri Lastanti. (2023). Apakah Kinerja Lingkungan Dan Kinerja Keuangan Dapat Mempengaruhi Nilai Perusahaan? Jurnal Ekonomi Trisakti, 3(1), 1219–1228. https://doi.org/10.25105/jet.v3i1.16058
Atiningsih, S., Tinggi Ilmu Ekonomi Bank BPD Jawa Tengah, S., & Andre Setiyono, T. (2023). ECO-EFFICIENCY TERHADAP NILAI PERUSAHAAN DENGAN DIMEDIASI PROFITABILITAS DAN DIMODERASI FIRM SIZE. BALANCE : JURNAL AKUNTANSI DAN BISNIS, 8(1), 40–48. http://jurnal.um-palembang.ac.id/balance
Aviyanti, S. C., & Isbanah, Y. (2019). Pengaruh Eco-Efficiency, Corporate Social Responsibility, Ownership Concentration , dan Cash Holding terhadap Nilai Perusahaan Sektor Consumer Goods di BEI Periode 2011-2016. Jurnal Ilmu Manajemen, 7(1), 77–84.
Bourdeau, P. (2004). The man-nature relationship and environmental ethics. Journal of Environmental Radioactivity, 72(1–2), 9–15. https://doi.org/10.1016/S0265-931X(03)00180-2
Damas, D., Maghviroh, R. EL, & Meidiyah, M. (2021). Pengaruh Eco-Efficiency, Green Inovation Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Moderasi. Jurnal Magister Akuntansi Trisakti, 8(2), 85–108. https://doi.org/10.25105/jmat.v8i2.9742
Desai, R., Raval, A., Baser, N., & Desai, J. (2022). Impact of carbon emission on financial performance: empirical evidence from India. South Asian Journal of Business Studies, 11(4)(450–470). https://doi.org/https://doi.org/10.1108/SAJBS-10-2020-0384
Fitriaty, F., Solikhin, A., & Srikandi, M. (2021). Pengaruh Corporate Social Responsibility Dan Sistem Manajemen Lingkungan Iso 14001 Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia). Jurnal Manajemen Terapan Dan Keuangan, 10(03), 525–537. https://doi.org/10.22437/jmk.v10i03.15813
Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Badan Penerbit Universitas Diponegoro.
Hana Diaz Amirah, Yulia Asyiawati, & Bambang Pranggono. (2023). Identifikasi Keberlanjutan Lingkungan pada Permukiman. Bandung Conference Series: Urban & Regional Planning, 3(2), 329–338. https://doi.org/10.29313/bcsurp.v3i2.8259
Hardiyansah, M., Agustini, A. T., & Purnamawati, I. (2021). The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type. Journal of Asian Finance, Economics and Business, 8(1), 123–133. https://doi.org/10.13106/jafeb.2021.vol8.no1.123
Hermawan, A., Aisyah, I. S., Gunardi, A., & Putri, W. Y. (2018). International Journal of Energy Economics and Policy Going Green: Determinants of Carbon Emission Disclosure in Manufacturing Companies in Indonesia. International Journal of Energy Economics and Policy |, 8(1), 55–61. http:www.econjournals.com
Husnaini, W., & Tjahjadi, B. (2021). Quality management, green innovation and firm value: Evidence from indonesia. International Journal of Energy Economics and Policy, 11(1), 255–262. https://doi.org/10.32479/ijeep.10282
Kurnia, P., Darlis, E., & Putra, A. A. (2020). Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value. Journal of Asian Finance, Economics and Business, 7(12)(223–231). https://doi.org/https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.22
Khairiyani, K., Mubyarto, N., Mutia, A., Zahara, A. E., & Habibah, G. W. I. A. (2019). KINERJA LINGKUNGAN TERHADAP KINERJA KEUANGAN SERTA IMPLIKASINYA TERHADAP NILAI PERUSAHAAN. ILTIZAM Journal of Shariah Economic Research, 3(1), 41. https://doi.org/10.30631/iltizam.v3i1.248
Maharani, Y. (2022). Faktor – Faktor Yang Mempengaruhi Nilai Perusahaan. Jurnal Riset Akuntansi Dan Manajemen Malahayati, 10(2), 97–103. https://doi.org/10.33024/jrm.v10i2.4902
Moleong, L. J. (2017). Metode Analisis Kualitatif. PT. Remaja Rosdakarya.
Mulyani, A. S. (2021). Pemanasan Global, Penyebab, Dampak dan Antisipasinya. Artikel Pengabdian Masyarakat, 1–27.
R. B. Deswanto, & Siregar, S. V. (2018). The associations between environmental disclosures with financial performance, environmental performance, and firm value. Social Responsibility Journal, 14(1), 180–193.
Rahmanita, S. (2020). Pengaruh Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Pemoderasi. Akuntansi : Jurnal Akuntansi Integratif, 6(01), 54–71. https://doi.org/10.29080/jai.v6i01.273
Ramadhani, K., Saputra, M. S., & Wahyuni, L. (2022). Pengaruh Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Kinerja Keuangan Dengan Tata Kelola Perusahaan Perusahaan Sebagai Variabel Moderasi. Jurnal Akuntansi Trisakti, 9(2), 229–244. https://doi.org/10.25105/jat.v9i2.14559
Ritchie, H., & Roser, M. (2022). Indonesia: CO2 Country Profile -Our World in Data.
Satrio, D., & Kunto, S. (2020a). Relationship Between Eco-Efficiency on Firm Value Moderated with Profitability and Leverage. EkBis: Jurnal Ekonomi Dan Bisnis, 3(1), 242. https://doi.org/10.14421/ekbis.2019.3.1.1180
Sulasmi, S., Hasanbasri, M., Riset dan Inovasi Nasional, B., & Selatan, K. (n.d.). INDENTIFIKASI DAMPAK INDUSTRI SEMEN YANG MERUGIKAN MASYARAKAT.
Tonay, C., & Murwaningsari, E. (2022). PENGARUH GREEN INNOVATION DAN GREEN INTELLECTUAL CAPITAL TERHADAP NILAI PERUSAHAAN DENGAN UKURAN PERUSAHAAN SEBAGAI MODERASI (Vol. 24, Issue 2). http://jurnaltsm.id/index.php/JBA
Trisyanto, A. (2023). Pengaruh Financial Distress, Profitabilitas Dan Sustainability Report Terhadap Konservatisme Akuntansi. SEIKO: Journal of …, 6(1), 506–523. https://journal.stieamkop.ac.id/index.php/seiko/article/view/4989
Tsalatsa, A. (2019). Pengaruh Sustainability Report terhadap Kinerja Keuangan dan Nilai Perusahaan. Universitas Islam Indonesia Yogyakarta.
Utina, R. (2019). Pemanasan Global: Dampak dan Upaya Meminimalisasinya. Jurnal Universitas Negeri Gorontalo.
Widyadhana, H. (2022). Pengaruh Carbon Emissio Disclosure dan Kinerja Lingkungan Terhadap Nilai Perusahaan. http://repositorybaru.stieykpn.ac.id/1029/
Xie, Z., Wang, J., & Zhao, G. (2022). Impact of Green Innovation on Firm Value: Evidence From Listed Companies in China’s Heavy Pollution Industries. Frontiers in Energy Research, 9(January), 1–17. https://doi.org/10.3389/fenrg.2021.806926
Yamasaki, J., Itsubo, N., Murayama, A., & Nitanai, R. (2021). Eco-efficiency assessment of 42 countries’ administrative divisions based on environmental impact and gross regional product. City and Environment Interactions, 10. https://doi.org/https://doi.org/10.1016/j.cacint.2021.100061
Yanti, Nursyabani, N., & Rachpriliani, A. (2023). The Effect of Green Innovation and Sustainability Report on the Financial Performance of MSMEs in Karawang. International Journal of Social Science and Human Research, 6(08), 4844–4853. https://doi.org/10.47191/ijsshr/v6-i8-32
Published
2024-06-03
How to Cite
-, Sunarto -; -, Yanti; TRISYANTO, Ade.
ECO-EFFICIENCY, GREEN INNOVATION AND CARBON EMISSION DISCLOSURE ON COMPANY VALUE IN HIGH PROFILE INDUSTRIAL COMPANIES.
SAR (Soedirman Accounting Review) : Journal of Accounting and Business, [S.l.], v. 9, n. 01, p. 47 - 60, june 2024.
ISSN 2598-0718.
Available at: <https://jos.unsoed.ac.id/index.php/sar/article/view/11915>. Date accessed: 17 sep. 2024.
doi: https://doi.org/10.32424/1.sar.2024.9.01.11915.
Section
Articles
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