THE INFLUENCE OF ENVIRONMENTAL MANAGEMENT ACCOUNTING AND CARBON EMISSION DISCLOSURE ON COMPANY VALUE WITH FINANCIAL PERFORMANCE AS MEDIATION IN ENERGY AND BASIC MATERIALS SECTOR COMPANIES LISTED ON THE INDONESIAN STOCK EXCHANGE

Hilda Fauziah  Wahyuni; Windu  Mulyasari; Nurhayati  Soleha

doi:10.53067/ije3.v4i2.291

Authors

Hilda Fauziah Wahyuni Universitas Sultan Ageng Tirtayasa
Windu Mulyasari Universitas Sultan Ageng Tirtayasa
Nurhayati Soleha Universitas Sultan Ageng Tirtayasa

DOI:

https://doi.org/10.53067/ije3.v4i2.291

Keywords:

Firm Value, Environmental Management Accounting, Carbon Emission Disclosure, Financial Performance

Abstract

This study aims to analyze the influence of environmental management accounting and carbon emission disclosure on company value mediated by financial performance. This study is important because of increasing awareness of environmental issues and pressure from various stakeholders to be more transparent on environmental issues. The sample in this research is energy and basic materials sector companies listed on the Indonesia Stock Exchange (BEI) during the 2018-2022 period. The research method used is multiple regression analysis using panel data. The dependent variable in this research is company value. Meanwhile, the independent variables are environmental management accounting and carbon emission disclosure. Financial performance as a mediating variable is measured using the Return on Assets financial ratio. The research results show that environmental management accounting has a significant influence on company value, while carbon emission disclosure does not have a significant influence on company value. Apart from that, financial performance also does not act as a significant mediator in the relationship between environmental management accounting and carbon emission disclosure on company value. This finding may be caused by several factors, including the lack of direct relevance between environmental management accounting and carbon emission disclosure and financial performance, as well as the lack of real follow-up from companies to reduce carbon emissions

Downloads

Download data is not yet available.

References

Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019). The Mediating Effect of Environmental Management Accounting on Green Innovation - Firm Value Relationship. International Journal of Energy Economics and Policy, 9(2), 299-306. Retrieved from https://doi.org/10.32479/ijeep.7438

Alfayerds, W., & Setiawan, M. (2021). Pengaruh Pengungkapan Emisi Karbon dan Annual Report Readability terhadap Nilai Perusahaan. Jurnal Eksplorasi Akuntansi, 3(2), 349-363. Retrieved from https://doi.org/10.24036/jea.v3i2.363

Andari, J., & Yuliandhari, W. (2020). Pengaruh Corporate Social Responsibility Disclosure, Komisaris Independen, Net Profit Margin dan Size terhadap Nilai Perusahaan Pada Perusahaan Sektor Pertambangan yang terdaftar di Bursa Efek Indonesia Periode 2016-2018. E-Proceeding of Management, 7(2), 5705-5718.

Aulia, R., & Hadinata, S. (2019). Pengaruh Environmental Performance, Environmental Disclosure dan ISO 14001 Terhadap Financial Performance. Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis, 7(2), 136-147. Retrieved from https://doi.org/10.30871/jaemb.v7i2.1439

Aviyanti, S., & 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.

BBC News Indonesia. (2023, Agustus 29). Retrieved from BBC News Indonesia: https://www.bbc.com

Chikmatin, E. (2019). Analisis Implementasi Environmental Management Accounting Sebagai Bentuk Eco-Efficiency Pada Cv. Mikado. SNEB : Seminar Nasional Ekonomi Dan Bisnis Dewantara, 1(1), 141–153. https://doi.org/10.26533/sneb.v1i1.422

Damas, D., Maghviroh, R., & 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. Retrieved from https://doi.org/10.25105/jmat.v8i2.9742

Franita, R. (2018). Mekanisme Good Corporate Governance dan Nilai Perusahaan : Studi Untuk Perusahaan Telekomunikasi. Medan: Lembaga Penelitian dan Penulisan Ilmiah Aqli.

IPCC. (2021). IPCC: Kenaikan Suhu Bumi Lampaui Batas Aman Pada 2030. Retrieved from https://www.dw.com/id/kenaikan-suhu-bumi-lampaui-batas-aman-pada-2030/a-58809535

Panggau, N., & Septiani, A. (2017). Pengaruh Eco-efficiency terhadap Nilai Perusahaan dengan Leverage dan Profitabilitas sebagai Variabel Moderasi. Diponegoro Journal of Accounting, 6(4), 421-428.

Rais, A. H., & Usman, A. (2020). Effect of Eco-Efficiency and Corporate Social Performance on Firm Value with Financial Performance as Intervening Variables (Study on Mining and Manufacturing Companies Listed on the Indonesia Stock Exchange). International Journal of Innovative Science and Research Technology, 5(12), 510–522. www.ijisrt.com510

Rusmana, O., & Purnaman, S. (2020). Pengaruh Pengungkapan Emisi Karbon dan Kinerja Lingkungan terhadap Nilai Perusahaan. Jurnal Ekonomi, Bisnis Dan Akuntansi, 22(1), 42-52.

Satrio, D., & Kunto, S. (2020). Relationship Between Eco-Efficiency on Firm VAlue Moderated With Profitability and Leverage. EkBis : Jurnal Ekonomi dan Bisnis, 243-251.

Zuhrufiyah, D., & Anggraeni, D. (2019). Pengungkapan Emisi Karbon dan Nilai Perusahaan (Studi Kasus pada Perusahaan di Kawasan Asia Tenggara). Jurnal Manajemen Teknologi, 18(2), 80-106. Retrieved from https://doi.org/10.12695/jmt.2019.18.2.1