Article Sidebar

Download
View Article
Statistic
Read Counter : 635 Download : 351

Downloads

Download data is not yet available.

Main Article Content

Abstract

Effective green accounting practices can improve a company's image in the eyes of consumers and investors, which in turn can influence company value. Additionally, positive perceptions of firm value can result in lower costs of capital and better access to financial resources, which can ultimately strengthen financial performance. This research aims to determine the effect of the integration of green accounting and firm value on financial performance. This research analyzes manufacturing companies listed on the Indonesia Stock Exchange in 2021-2023.  The type of research used is quantitative research. The data used is secondary data from the company's annual report. The sample in this research was 35 manufacturing companies listed on the Indonesia Stock Exchange consecutively in 2021-2023. The sampling technique in this research used purposive sampling. The data analysis technique used is path analysis using the eviews 10 program. The research results show that green accounting has no effect on financial performance, firm value has a positive effect on financial performance, and green accounting and firm value have a positive effect on financial performance. Therefore, by integrating green accounting and corporate value in financial performance analysis, companies can gain a more holistic understanding of their environmental impact, investor perceptions, and overall financial health. This can help them identify opportunities to increase efficiency, minimize environmental risks and create long-term, sustainable value for all stakeholders.

Keywords

Green Accounting Firm Value Financial Performance

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

How to Cite
Etty Harya Ningsi, Manurung, L. ., Lubis, I. T. ., & Widodo, S. . (2024). Integration Green Accounting and Firm Value on Financial Performance . Atestasi : Jurnal Ilmiah Akuntansi, 7(2), 1043–1053. https://doi.org/10.57178/atestasi.v7i2.869
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX

References

  1. Al-Dhaimesh, O. H. (2020). Green accounting practices and economic value added: An applied study on companies listed on the Qatar stock exchange. International Journal of Energy Economics and Policy, 10(6), 164-168.
  2. Beureukat, B. (2018). The Effect of Profitability on Company Value with Corporate Social Responsibility as a Moderating Variable in Mining Companies Listed on the Indonesian Stock Exchange. Oikonomia: Journal of Management, 14(1).
  3. Ghazali, I. (2013). Multivariate Analysis Application with the IBM SPSS 21 Update PLS Regression Program. Diponegoro University Publishing Agency.
  4. Ikhsan, A. A. N., & Muharam, H. (2016). The Effect of Environmental Performance on Financial Performance. Diponegoro Journal of Management, 5(3), 1–11.
  5. Lako, A. (2016). Transformation Towards Green Accounting. CPA Indonesia, 1(1), 1-7.
  6. Ningsi, E. H., Manurung, L., Ardillah, Y., & Ramadhani, S. (2022). Good Corporate Governance Model on Corporate Financial Performance in the Era of the Digital Revolution on the Indonesia Stock Exchange. Journal of Economics, Finance And Management Studies, 5(08), 2182-2190.
  7. Rambe, Bhakti Helvi. 2020. "Analysis of Company Size, Free Cash Flow (Fcf) and Debt Policy on Financial Performance in Manufacturing Companies Listed on the Indonesian Stock Exchange." Ecobisma (Journal of Economics, Business and 10.36987/ECOBI.V7I1.1530.
  8. RIYADI, D. K., & Nila, F. Z. (2018). The Influence of Environmental Risk on Company Financial Performance with Control Variables Manufacturing Sector and Company Size. Journal of Business Administration, 60(1).
  9. Setiadi, I. (2021). The Influence of Environmental Performance, Environmental Costs and Company Size on Financial Performance. Journal of Innovation, 17(4), 669–679.
  10. Siregar, M. E. S., Dalimunthe, S., & Safri, R. (2019). The influence of profitability, company size, dividend policy and capital structure on company value in manufacturing companies listed on the Indonesia Stock Exchange for the 2015-2017 period. JRMSI-Indonesian Science Management Research Journal, 10(2), 356-385.
  11. Sudiyatno, B., & Puspitasari, E. (2010). Tobin's Q and Altman Z-Score as Indicators for Measuring Company Performance. Accounting Review, 2(1), 9–21.
  12. Widarjono, A. (2013). Econometrics: Introduction and Applications accompanied by Eviews Guide (4th ed.).UPP STIM YKPN.