Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Sukmadilaga, Citra; Winarningsih, Srihadi; Yudianto, Ivan; Lestari, Tri Utami; Ghani, Erlane K

doi:10.32479/ijeep.14071

Cited by 7 publications

(6 citation statements)

References 27 publications

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“…The findings are consistent with prior studies such as Sukmadilaga, Winarningsih, Yudianto, Lestari, and Ghani (2023), who found that green accounting reporting, specifically emissions, significantly positively impacts companies' EVA. It is also supported by Almashhadani and Almashhadani (2023), who found that sustainability reporting significantly influences the return on equity (ROA) in Bahraini-listed companies.…”

Section: Discussionsupporting

confidence: 91%

The Relationship Between Climate Risk Disclosure and Performance on Mining Companies: Evidence From A Developing Economy

MATEMANE,

GRACA

2023

IJESSS

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The main aim of this study is to develop an unweighted climate risk disclosure index to assess whether climate risk disclosure predicts mining companies’ performance.The catastrophic nature of climate risk has become more topical in recent years. Yet, academic research efforts have been directed to climate risk from the perspective of developed economies only and very little is understood about it in developing economies. 216 firm observations in mining sector for the period covering 2016 through 2021 were analysed using descriptive statistics and estimated generalised least square with period seemingly unrelated regression. The results suggest that the climate risk disclosure is significant in predicting company performance as proxied by earnings per share (EPS), economic value added (EVA) and return on equity (ROE). Policy makers and regulators should encourage companies to intensify climate risk disclosure so as to maximise value and benefit relevant stakeholders. The study contributes to the ongoing debates on climate risk by focusing on extractive industry, mining sector in a developed economy setting. Methodologically, the study developed an unweighted disclosure checklist that can guide companies on pertinent climate risk issues to disclose.

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Section: Discussionsupporting

confidence: 91%

The Relationship Between Climate Risk Disclosure and Performance on Mining Companies: Evidence From A Developing Economy

MATEMANE,

GRACA

2023

IJESSS

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“…Additional studies have shown conflicting findings, suggesting that green accounting may have a detrimental impact on business value. These conclusions are supported by the research conducted by (Astari et al, 2023;Lindawati et al, 2023;Nuswandari et al, 2019;Sukmadilaga et al, 2023).…”

Section: Introductionsupporting

confidence: 61%

Effect of Green Accounting, Leverage, Firm Size on Firm Value With Profitability as Intervening Variable

Hutabarat

2024

J. Professional Business Review

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Purpose: This study investigates how green accounting practices, leverage (debt levels), and company size influence profitability and ultimately firm value. The research focuses on companies listed in the Jakarta Islamic Index (JII). Previous research on these relationships has yielded mixed and inconsistent results. They point out that few studies have examined these variables together in a single model. This study aims to address this gap by creating a new model that explores the combined effects of green accounting, leverage, and size on profitability, and ultimately, firm value within the JII context. Theoretical Framework: This research is grounded in two key theories: stakeholder theory and signaling theory. While past empirical studies haven't yielded definitive results, this research offers a fresh perspective. The novel model developed in this study builds upon existing knowledge by examining how several previously linked variables interact and influence firm performance. Design/Methodology/Approach: This research employed a descriptive approach, analyzing financial data from company annual reports. To understand the relationships between the variables, a statistical technique called Structural Equation Modeling (SEM) was used. The study focused on companies listed on the Jakarta Islamic Index (JII) of the Indonesian Stock Exchange between 2019 and 2022. A 120-sample size from 30 companies was chosen strategically using a purposive sampling method from the JII. Result and Discussion: This study found that leverage (debt) and company size have a positive and statistically significant impact on profitability. Interestingly, green accounting practices did not have a clear influence on firm value. There was a negative effect, but it wasn't statistically significant. Firm size itself also did not directly affect firm value in a statistically significant way. However, profitability itself has a strong and positive impact on firm value. Additionally, profitability can act as an indirect factor, mediating the relationship between leverage and firm value. Based on these results, the study recommends that companies listed on the Jakarta Islamic Index (JII) consider strategic use of debt financing. This can be a way to improve profitability and ultimately attract investors, leading to a higher firm value. Originality/Value: This research introduces a novel model that investigates the interconnected effects of several variables with proven relationships.

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“…Kinerja perusahaan yang baik atau buruk terlihat dari sudut pandang pemegang saham terhadap perusahaan. Salah satu tujuan mendirikan perusahaan untuk memajukan perusahaan dan juga meningkatkan kesejahteraan pemegang saham karena biasanya nilai perusahaan dapat tergambar pada harga saham yang stabil (Sukmadilaga et al, 2020). Indikator-indikator pasar saham yang dipengaruhi oleh peluang investasi yang membentuk nilai perusahaan.…”

Section: Nilai Perusahaanunclassified

Pengaruh Family Control, Environmental Management Accounting, dan Profitabilitas Terhadap Nilai Perusahaan

Dalila,

Khairunnisa

2024

Owner

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In the last quarter of 2020, the capital market conditions cannot be impressive either. Many stocks have high liquidity and good prospects but have experienced a correction of -24.67% caused by the COVID-19 pandemic. A view of investors in seeing whether managers are successful in managing the resources owned by the company, which is usually associated with stock prices, is called the company's value. This study's purpose is to determine of family control, environmental management accounting, and profitability on firm value. The objects used in this study are LQ45 index companies listed on the Indonesia Stock Exchange. Based on several criteria in determining the sample, 17 company samples, or 85 data points. Analysis of research data using regression panel data using Eviews 12. The results indicate that family control, environmental management accounting, and profitability have a simultaneous effect on firm value. Meanwhile, family control and environmental management accounting do not have a positive effect on firm value, while the profitability variable has a significant positive effect on firm value.

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Does Green Accounting Affect Firm Value? Evidence from ASEAN Countries

Cited by 7 publications

References 27 publications

The Relationship Between Climate Risk Disclosure and Performance on Mining Companies: Evidence From A Developing Economy

The Relationship Between Climate Risk Disclosure and Performance on Mining Companies: Evidence From A Developing Economy

Effect of Green Accounting, Leverage, Firm Size on Firm Value With Profitability as Intervening Variable

Pengaruh Family Control, Environmental Management Accounting, dan Profitabilitas Terhadap Nilai Perusahaan

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