Ameylia Geulis Sakina, Yuha Nadhirah Qintharah, Nurlaila Maysaroh Chairunnisa, Purnama Putra, Nurma Risa

Pengaruh Green Accounting, Corporate Social Responsibility Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan

Introduction

Pengaruh green accounting, corporate social responsibility dan carbon emission disclosure terhadap nilai perusahaan. Mengulas pengaruh Green Accounting, Corporate Social Responsibility, dan Carbon Emission Disclosure pada nilai perusahaan. Studi ini meneliti dampaknya di perusahaan makanan & minuman Indonesia.

Abstract

This study aims to determine the effect of Corporate Social Responsibility, Environmental Disclosure and Profitability on Firm Value.This study uses quantitative methods and the type of data used is secondary data in the form of company financial reports. The population used in this study are consumer non-cylicals sector companies in the food & beverage sub-sector listed on the Indonesia Stock Exchange for the period 2018-2022. The samples to be used in this study were selected based on purposive sampling method, so that a total of 105 samples were obtained from 21 companies in the consumer non-cylicals sector of the food & beverage sub-sector during the 2018-2022 period. The data in this study were processed using the SSPS (Statistical Product and Service Solution) version 23 program.The results of this study indicate that Corporate Social Responsibility has a negative and significant effect on Firm Value, Environmental Disclosure has a positive effect on Firm Value, Profitability with ROE proxy cannot moderate the relationship between Corporate Social Responsibility on Firm Value, Profitability with ROE proxy weakens the relationship between Environmental Disclosure on Firm Value.

Review

This study investigates the influence of Corporate Social Responsibility (CSR), Environmental Disclosure, and Profitability on Firm Value within the consumer non-cyclicals sector, specifically the food & beverage sub-sector, in Indonesia. While the title suggests an exploration of "Green Accounting" and "Carbon Emission Disclosure," the abstract's stated objective focuses on the broader term "Environmental Disclosure." This slight discrepancy in terminology between the title and the abstract somewhat clouds the precise scope of environmental aspects being examined, though the overall goal of understanding factors affecting firm value remains clear and relevant in today's sustainability-conscious market. The research employs a quantitative methodology, utilizing secondary financial report data from companies listed on the Indonesia Stock Exchange between 2018 and 2022. A purposive sampling technique was applied to select 21 food & beverage companies, yielding a total of 105 observations over the five-year period. Data analysis was conducted using SSPS version 23, a standard statistical package suitable for this type of quantitative study. The chosen sample and time frame appear appropriate for capturing recent trends in the selected industry, although the abstract does not elaborate on the specific criteria for purposive sampling beyond the sector and listing status. The findings present several intriguing results. Corporate Social Responsibility was found to have a negative and significant effect on Firm Value, which contrasts with some conventional expectations regarding the positive impact of CSR initiatives. Conversely, Environmental Disclosure positively influenced Firm Value, aligning with the growing importance of transparency in environmental practices. Furthermore, profitability, proxied by Return on Equity (ROE), did not moderate the relationship between Corporate Social Responsibility and Firm Value. However, ROE was observed to weaken the relationship between Environmental Disclosure and Firm Value. These outcomes suggest complex interplay between sustainability practices, profitability, and firm valuation, meriting further discussion on potential underlying mechanisms or contextual factors specific to the Indonesian food & beverage sector that might explain these particular relationships.

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