Carbon Emission Disclosure, Corporate Social Responsibility, Green Accounting : Firm Value Moderated by Profitability

Alya Diajeng  Pangestu; Nawirah Nawirah

doi:10.33395/owner.v9i2.2559

Authors

Alya Diajeng Pangestu Universitas Islam Negeri Maulana Malik Ibrahim Malang
Nawirah Fakultas Ekonomi Universitas Islam Negeri Maulana Malik Ibrahim Malang, Indonesia

DOI:

10.33395/owner.v9i2.2559

Keywords:

Carbon Emission Disclosure, Corporate Social Responsibility, Green Accounting, Nilai Perusahaan, Profitabilitas

Abstract

Firm value, as used in accounting, is the value derived from the market and represented by stock prices. Among the elements that influence firm value are carbon disclosure, CSR, and green accounting. By applying profitability as a control variable, this study examines how carbon disclosure, CSR, and green accounting impact firm value. A total of 186 energy and basic materials companies listed on the Indonesia Stock Exchange were the subjects of the study. The sample for this study includes 14 companies from the energy & basic materials sector that regularly publish sustainability reports and annual reports with regard to profitability between 2021 and 2023. The sample for this study consists of 14 companies from the energy and basic materials sector that regularly release sustainability reports and annual reports for the years 2021-2023 with regard to profitability. In this study, Eviews 12 software was used to conduct panel data regression analysis and modified regression analysis (MRA). The findings show that although carbon disclosure and green accounting have no impact on firm value, corporate social responsibility (CSR) significantly affects it. Furthermore, corporate profitability does not increase or decrease the impact of CSR, carbon disclosure, and green accounting on firm value.

Downloads

Download data is not yet available.

Plum-X Analityc

References

Abdullah, M. W., Musriani, R., Syariati, A., & Hanafie, H. (2020). Carbon emission disclosure in indonesian firms: The test of media-exposure moderating effects. International Journal of Energy Economics and Policy, 10(6), 732–741. https://doi.org/10.32479/IJEEP.10142

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

Apriliani, L., Kadir, & Hifni, S. (2024). Sustainability Accounting: Nilai Perusahaan Dan Carbon Emission Disclosure. Gorontalo Accounting Journal, 7(1), 91. https://doi.org/10.32662/gaj.v7i1.3306

Aydo?mu?, M., Gülay, G., & Ergun, K. (2022). Impact of ESG performance on firm value and profitability. Borsa Istanbul Review (Vol. 22, pp. S119–S127). https://doi.org/10.1016/j.bir.2022.11.006

Bae Choi, B., Lee, D., & Psaros, J. (2013). An analysis of Australian company carbon emission disclosures. Pacific Accounting Review, 25(1), 58–79. https://doi.org/10.1108/01140581311318968

Bahriansyah, R. I., & Ginting, Y. L. (2022). Pengungkapan Emisi Karbon Terhadap Nilai Perusahan dengan Media Exposure Sebagai Variabel Moderasi. Jurnal Riset Akuntansi & Perpajakan (JRAP), 9(02), 249–260. https://doi.org/10.35838/jrap.2022.009.02.21

Basuki Agus Tri, & Prawoto Nano. (2016). Analisis Regresi Dalam Penelitian Ekonomi dan Bisnis. Yogyakarta: Rajawali Press.

Dianti, A. C., & Puspitasari, W. (2024). Pengaruh Pengungkapan Emisi Karbon, Kinerja Lingkungan, Eco-Efficiency, dan Green Innovation Terhadap Nilai Perusahaan. INNOVATIVE: Journal Of Social Science Research, 4(1). https://doi.org/https://doi.org/10.31004/innovative.v4i1.8780

Erlisa, A., Archelly, D. H. N., Nilamsari, I. N., Adhani, T. S., Kurniawati, Z. H., & Amrulloh, A. (2024). The Effect of Profitability, Leverage, and Company Size on Tax Avoidance Agricultural Products Companies. Journal Economic Business Innovation, 1(2), 25–34. https://doi.org/10.69725/jebi.v1i2.25

Ferdous, J., & Moyeen, A. (2022). CSR in Fighting against COVID-19 in Bangladesh: Lessons from Singapore. Southeast Asia: A Multidisciplinary Journal 22(2), 73-85. https://doi.org/https://doi.org/10.1108/SEAMJ-02-2022-B1006

Fini, S., & Astuti, C. D. (2024). Pengaruh Green Accounting Terhadap Nilai Perusahaan. COSTING:Journal of Economic, Business and Accounting 7(3) https://doi.org/https://doi.org/10.31539/costing.v7i3.9130

Gilby Sapulette, S., & Limba, F. B. (2021). Pengaruh Penerapan Green Accounting dan Kinerja Lingkungan terhadap Nilai Perusahaan Manufaktur yang terdaftar di BEI tahun 2018-2020. Kupna Akuntansi: Kumpulan Artikel Akuntansi, 2(1). https://doi.org/https://doi.org/10.30598/kupna.v2.i1.p31-43

Goldie Kelly, S., & Deliza Henny. (2023). Pengaruh Green Accounting dan Kinerja Lingkungan terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Moderasi. Jurnal Ekonomi Trisakti, 3(2), 3301–3310. https://doi.org/10.25105/jet.v3i2.18051

Gonzalez, C. C., & Peña-Vinces, J. (2023). A framework for a green accounting system-exploratory study in a developing country context, Colombia. Environment, Development and Sustainability, 25(9), 9517–9541. https://doi.org/10.1007/s10668-022-02445-w

Gunawan, B., & Berliyanda, K. L. (2024). Pengaruh Green Accounting, Pengungkapan Emisi Karbon, dan Kinerja Lingkungan Terhadap Nilai Perusahaan. Reviu Akuntansi Dan Bisnis Indonesia, 8(1), 33–50. https://doi.org/10.18196/rabin.v8i1.22027

Hadiwibowo, I., Dwi, L., & Mohammad, T. A. (2023). Pengungkapan Emisi Karbon, Penerapan Green Accounting dan Kinerja Lingkungan Pada Nilai Perusahaan. Jurnal Riset Akuntansi Mercu Buana, 9(2). https://doi.org/https://doi.org/10.26486/jramb.v9i2.3458

Hardianti, T., & Mulyani, S. D. (2023). Pengaruh Carbon Emission Disclosure Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Moderasi. Jurnal Ilmiah Wahana Pendidikan, Mei, 9(9), 275–291. https://doi.org/10.5281/zenodo.7951766

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

Hariadi, S., & Nurwanda, R. M. (2024). Pengaruh Carbon Emission Disclosure (CED), Corporate Social Responsibility (CSR), dan Green Accounting terhadap Nilai Perusahaan dengan Profitabilitas Sebagai Variabel Intervening. Jurnal Lentera Bisnis, 13(2), 714. https://doi.org/10.34127/jrlab.v13i2.1053

Kalbuana, N., Kusiyah, K., Supriatiningsih, S., Budiharjo, R., Budyastuti, T., & Rusdiyanto, R. (2022). Effect of profitability, audit committee, company size, activity, and board of directors on sustainability. Cogent Business and Management, 9(1). https://doi.org/10.1080/23311975.2022.2129354

Lestari, A. D., & Khomsiyah. (2023). Pengaruh Kinerja Lingkungan, Penerapan Green Accounting, dan Pengungkapan Sustainability Report Terhadap Nilai Perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (Jebma) , 3(3). https://doi.org/https://doi.org/10.47709/jebma.v3i3.2799

Marini, & Herawaty, V. (2024). Pengaruh Pengungkapan Emisi Karbon, Eco-Efficiency dan Pertumbuhan Penjualan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderasi. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 5(8), 3670. https://doi.org/https://doi.org/10.47467/elmal.v5i8

Narayana, I. P. L., & Wirakusuma, M. G. (2021). Pengungkapan CSR pada Nilai Perusahaan dengan Profitabilitas dan Ukuran Perusahaan sebagai Variabel Moderasi. E-Jurnal Akuntansi, 31(4). https://doi.org/10.24843/eja.2021.v31.i04.p06

Oduro, S., Umar, R. M., De Massis, A., & Haylemariam, L. G. (2024). Corporate social responsibility and family firm performance: A meta?analytic review. Corporate Social Responsibility and Environmental Management. https://doi.org/10.1002/csr.3004

Putri, H. D., & Agustin, H. (2023). Apakah Inovasi Hijau Dan Pengungkapan Emisi Karbon Dapat Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur? Jurnal Akademi Akuntansi, 6(1), 107–124. https://doi.org/10.22219/jaa.v6i1.22814

Rasyid, C. A. M. P., Indriani, E., & Hudaya, R. (2022). Pengaruh Corporate Social Responsibility dan Struktur Modal terhadap Nilai Perusahaan dengan Ukuran Perusahaan dan Profitabilitas Sebagai Variabel Moderasi Pada Perusahaan Pertambangan. Jurnal Aplikasi Akuntansi, 7(1), 135–156. https://doi.org/10.29303/jaa.v7i1.146

Riyanta Mitra Karina, D., & Setiadi, I. (2020). Pengaruh CSR terhadap Nilai Perusahaan dengan GCG Sebagai Pemoderasi. Jurnal Riset Akuntasi Mercu Buana, 6(1), 2020. https://doi.org/https://doi.org/10.26486/jramb.v6i1.1054

Sakina, A. G., Qintharah, Y. N., Chairunnisa, N. M., Putra, P., & Risa, N. (2024). Pengaruh Green Accounting, Corporate Social Responsibility Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan. JAK (Jurnal Akuntansi) Kajian Ilmiah Akuntansi, 11(2), 455–470. https://doi.org/10.30656/jak.v11i2.8562

Sukmadilaga, C., Winarningsih, S., Yudianto, I., Lestari, T. U., & Ghani, E. K. (2023). Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries. International Journal of Energy Economics and Policy, 13(2), 509–515. https://doi.org/10.32479/ijeep.14071

Sulbahri, R. A. (2021). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan. Jurnal Akuntansi Dan Manajemen, 16(2), 215–226. https://doi.org/https://doi.org/10.30630/jam.v16i2.140

Suteja, J., Gunardi, A., Alghifari, E. S., Susiadi, A. A., Yulianti, A. S., & Lestari, A. (2023). Investment Decision and Firm Value: Moderating Effects of Corporate Social Responsibility and Profitability of Non-Financial Sector Companies on the Indonesia Stock Exchange. Journal of Risk and Financial Management, 16(1). https://doi.org/10.3390/jrfm16010040

Trimuliani, D., & Febrianto, R. (2023). Pengungkapan Emisi Karbon dan Kinerja Karbon terhadap Nilai Perusahaan: Moderasi Kepemilikan Negara. Jurnal Informatika Ekonomi Bisnis, 5(3), 900–906. https://doi.org/10.37034/infeb.v5i3.681