Carbon Emission Disclosure dan Nilai Perusahaan

Abstract

This study aims to obtain empirical evidence regarding the effect of carbon emission disclosures on company value in manufacturing companies on the IDX. The research uses stakeholder theory and legitimacy. The research population is all manufacturing companies listed on the IDX for the 2018-2019 period. The research sample is the annual report of manufacturing companies determined using purposive sampling technique. The data analysis technique used simple linear regression. The results of this study show that carbon emission disclosures have a positive effect on the value of manufacturing companies listed on the Indonesia Stock Exchange in 2018-2019. This means that the higher the disclosure of carbon emissions, the higher the value of the company.
 Keywords: Carbon Emission Disclosure; Company Value.

Carbon Emission Disclosure And Green Accounting Practices On The Firm Value

“…Companies that have gained legitimacy should tend to improve their image and reputation in the eyes of the public, which will have an impact on the overall value of the company (Alfayerds and Setiawan, 2021), but the opposite is found from the results of this study which says that not all companies that get legitimacy will improve the company's image in society. This study also contradicts the research conducted by Sari and (Budiasih, 2021) (Alfayerds and Setiawan, 2021) and shows that carbon emissions' disclosures have a positive effect on firm value. The results of this study indicate that companies that disclose carbon emissions will not help companies increase their company value.…”

“…In other words, the regression coefficient (slope) of Carbon Emissions Disclosure has no significant effect in predicting Firm Value. In other words, efficiently utilized resources will reduce operational costs and bring a level of profit for the company (Sari and Budiasih, 2021). This means that increasing carbon emission disclosure does not mean that the value of the company will also increase.…”

“…(Zuhrufiyah and Anggraeni, 2019) stated that Carbon Emission Disclosure has an influence on firm value. (Sari and Budiasih, 2021) in their research revealed that carbon emission disclosures have a positive effect on firm value. The result in this study, support research conducted by (Alfayerds and Setiawan, 2021) which shows that the carbon emissions disclosure has a positive effect and significant on firm value.…”

“…Carbon Emission Disclosure. Carbon Emission Disclosure is a disclosure that assesses the carbon emissions of organization and specify the target for emission reductions (Sari and Budiasih, 2021). Disclosure of carbon emissions is important because the information is needed by stakeholders.…”

“…Companies that disclose carbon emissions will also have good operational performance. Resources that are used efficiently will reduce operational costs and bring a level of profit for the company (Sari and Budiasih, 2021). Legitimacy theory explains that companies will tend to seek legitimacy from the surrounding environment related to the company's operating existence.…”