Asepma Hygi Prihastuti, Saipul Al Sukri, Ikas Miran

Pengaruh Green Accounting Dan Profitabilitas Terhadap Nilai Perusahaan Pada Perusahaan Energi Batu Bara

Introduction

Pengaruh green accounting dan profitabilitas terhadap nilai perusahaan pada perusahaan energi batu bara. Teliti pengaruh Green Accounting & Profitabilitas terhadap Nilai Perusahaan pada perusahaan energi batu bara Indonesia. Temukan dampak signifikan secara parsial dan simultan.

Abstract

Di Indonesia, perusahaan energi batu bara merupakan sektor yang berperan besar dalam perekonomian nasional karena kontribusinya terhadap penerimaan negara, penciptaan lapangan kerja, dan pasokan energi. Namun, sektor ini juga sering dikritik karena dampak lingkungannya, seperti polusi udara, kerusakan lahan, dan emisi karbon. Oleh karena itu, keberlanjutan usaha menjadi isu penting, di mana perusahaan dituntut untuk tidak hanya mengejar profitabilitas tetapi juga memperhatikan tanggung jawab sosial dan lingkungan. Penelitian ini bertujuan untuk mengetahui pengaruh Green Accounting dan Profitabilitas Terhadap Nilai Perusahaan pada Perusahaan Energi Batu Bara. Pemilihan sampel menggunakan metode purposive sampling, berdasarkan kriteria diperoleh 10 perusahaan energy batu bara, dengan periode pengamatan 5 tahun, sehingga diperoleh 50 sampel. Data yang digunakan adalah laporan tahunan perusahaan yang menjadi sampel. Metode analisis data yang digunakan adalah analisis regresi berganda. Hasil penelitian secara parsial menunjukan bahwa variabel green accounting dan profitabilitas berpengaruh terhadap nilai perusahaan. Secara simultan variabel green accounting dan profitabilitas berpengaruh terhadap nilai perusahaan. Besarnya pengaruh tersebut 75,7% sedangkan sisanya 24,3% dipengaruhi oleh variabel lain.

Review

This study meticulously examines the influence of Green Accounting and Profitability on Firm Value within the Indonesian coal energy sector. The research addresses a highly pertinent issue, given the substantial economic contribution of coal energy companies in Indonesia alongside persistent criticism regarding their environmental impact and the imperative for sustainable business practices. By focusing on the interplay between financial performance, environmental considerations, and corporate valuation, the paper contributes to the ongoing discourse on corporate sustainability and stakeholder theory, particularly within a high-impact industry. The stated objective to determine the effect of Green Accounting and Profitability on Firm Value is clear and directly tackles a critical gap concerning how these aspects are perceived and valued by the market. The methodology employed a purposive sampling approach, selecting 10 coal energy companies over a five-year period, yielding a total of 50 samples derived from annual reports. The use of multiple regression analysis is an appropriate statistical technique for examining the hypothesized relationships between the independent variables (Green Accounting and Profitability) and the dependent variable (Firm Value). While the sample size of 50 is reasonable for this type of analysis, the abstract could benefit from more specific detail regarding the operationalization of "Green Accounting"—for instance, whether it is measured through environmental costs, disclosures, or specific performance metrics. Similarly, defining the precise proxies used for "Profitability" and "Firm Value" would enhance the methodological rigor and clarity for readers, allowing for better replication and comparison with prior research. The findings indicate that both Green Accounting and Profitability individually and collectively exert a significant positive influence on Firm Value. The strong R-squared value of 75.7% suggests that these two variables account for a substantial portion of the variation in firm value, underscoring their importance in the context of the Indonesian coal energy industry. This result implies that embracing green accounting practices, alongside robust financial performance, can positively impact how companies are perceived and valued by the market, potentially leading to better access to capital and enhanced reputation. For practitioners and policymakers, this highlights the strategic imperative of integrating environmental considerations into core business operations and regulatory frameworks. Future research could explore mediating or moderating variables, delve into the specific mechanisms through which green accounting impacts value, or compare these findings across different regulatory environments or industries.

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