Does the Cost of Capital Affect Environmental Performance?

Haninun, Haninun; Lindrianasari, Lindrianasari; Sarumpaet, Susi; Komalasari, Agriyanti

doi:10.28992/ijsam.v3i1.68

Cited by 3 publications

(3 citation statements)

References 21 publications

(39 reference statements)

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“…Apabila kinerja lingkungan suatu perusahaan baik, maka dapat menyebabkan investor tertarik untuk menginvestasikan sahamnya pada perusahaan tersebut sehingga menyebabkan peningkatan nilai perusahaan. Terkait membuat suatu keputusan untuk berinvestasi, sebaiknya investor memperhatikan faktor kinerja lingkungan, karena sebagai dampak dari eksistensi suatu bisnis, dengan adanya kinerja lingkungan yang baik, maka diyakini akan berdampak baik demi berlangsungannya bisnis jangka panjang (Haninun et al, 2019). Selain itu, dengan adanya kinerja lingkungan yang baik dapat memberikan dampak positif dalam peningkatan nilai perusahaan.…”

Section: Gambar 1 Grafik Nilai Perusahaan Sektor Pertambangan DI Burs...unclassified

Kinerja Lingkungan, Kepemilikan Manajerial dan Nilai Perusahaan

Suniantari

Yasa

2022

E-Jurnal Akuntansi

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Investors have a perception of the level of success of the company reflected in the stock price which is called firm value. The fluctuation of stock price movement is the phenomenon related to the firm value. This research aims to determaine the effect of environmental performance and managerial ownership on firm value. Sampling of mining sector listed on the IDX in 2016–2019 in this study using a purposive sampling technique which resulted in 36 observations. Multiple linear regression is used as a data analysis technique in this study. This research obtained the results of environmental performance and managerial ownership have a positive effect on firm value. The research implications theoretically support agency theory and legitimacy theory. The practical implication of this research can be used as consideration in decision making by investors and company management. Keywords: Environmental Performance; Managerial Ownership; Firm Value.

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Section: Gambar 1 Grafik Nilai Perusahaan Sektor Pertambangan DI Burs...unclassified

Kinerja Lingkungan, Kepemilikan Manajerial dan Nilai Perusahaan

Suniantari

Yasa

2022

E-Jurnal Akuntansi

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“…Dengan adanya kepedulian terhadap kinerja lingkungan, maka perusahaan juga akan mendapat citra yang baik dari masyarakat (Harahap et al, 2018). Dengan kinerja lingkungan yang baik dari keberadaan entitas bisnis maka diyakini dapat memberikan dampak yang baik pula bagi kelangsungan bisnis dalam jangka panjang (Haninun et al, 2019). Apabila kinerja lingkungannya baik, maka akan membuat investor tertarik menanamkan sahamnya di perusahaan tersebut sehingga menyebabkan nilai perusahaan menjadi meningkat.…”

Section: Gambar 1 Grafik Nilai Perusahaan Sektor Industri Consumer Go...unclassified

Pengungkapan Corporate Social Responsibility, Kinerja Lingkungan dan Nilai Perusahaan

Pramitha¹,

Sudana²

2021

E-Jurnal Akuntansi

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Firm value is an important performance indicator for publicly-listed companies. The purpose of this study is to empirically examine the effect of corporate social responsibility disclosure and environmental performance on firm value. Companies in consumer goods listed in Indonesia Stock Exchange are chosen as the focus of the study. Additionally, companies should participate in the Company Performance Assessment Program ranking. Sample is determined by a purposive sampling and data are analyzed with Multiple Linear Regression Analysis. This study concludes that corporate social responsibility disclosure has positive effect on firm value, implying conformity with agency theory, legitimacy theory, and stakeholder theory. Environmental performance is found has no effect on firm value. Practically, this study recommends that intensity of disclosure should be considered as an important part of management strategy in increasing firm value. Keywords: Corporate Social Responsibility Disclosure; Environmental Performance; Firm Value.

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“…According to the issue, this study predicts that every industry characteristic has different priority of their stakeholder's interest of its sustainability report. A study categorized firm's stakeholders into primary stakeholders who deserve good product and service, such as consumers, internal managers and employees, or business collaboration, and as secondary stakeholders who support its mission, such as local governments, media, local community, or non-governmental organization (Park et al, 2014;Haninun et al, 2019). A study reveals that banks that commit to high corporate social responsibility have high financial performance and it is driven by strategic motives such as to raise net interest profit (Wu & Shen, 2013;Hermawan & Gunardi, 2019).…”

Section: Introductionmentioning

confidence: 99%

Industry Characteristics and Patterns of Sustainability Reports

Nurim¹,

Asmara²

2019

IJSAM

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Since 2002, the Indonesian Government has encouraged listed and unlisted companies to disclose sustainability reports comprised of three performance indicators—economic, environmental, and social—as Global Reporting Initiatives (GRI) guidance. The main issue is that different industry characteristics have different orientations of sustainability reporting because of the differences between their main stakeholders. In fact, several GRI criteria do not match every industry characteristic. For example, banking does not report on materials, emissions, or pollution as part of their environmental performance. This research aims to identify the patterns of sustainability reporting from 2015 to 2016, based on industry characteristics. The study compares environmental and social performance reporting patterns of the manufacturing and financial sectors. Results show that manufacturers are more concerned with environmental performance while the financial sector is more concerned with social performance. This evidence contributes to the stakeholder theory and efforts in sustainability report modelling.

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Does the Cost of Capital Affect Environmental Performance?

Cited by 3 publications

References 21 publications

Kinerja Lingkungan, Kepemilikan Manajerial dan Nilai Perusahaan

Kinerja Lingkungan, Kepemilikan Manajerial dan Nilai Perusahaan

Pengungkapan Corporate Social Responsibility, Kinerja Lingkungan dan Nilai Perusahaan

Industry Characteristics and Patterns of Sustainability Reports

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