Investors React to Disclosure of Carbon Emissions and Environmental Performance

Asyari, Sanggi; Arieftiara, Dianwicaksih

doi:10.25105/ijca.v4i1.13911

Cited by 2 publications

(2 citation statements)

References 8 publications

(12 reference statements)

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The signal's purpose is to give information through disclosure. This information may give a clear signal to the firm in the form of bright possibilities or a negative indication (Asyari & Dianwicaksih Arieftiara, 2022). Information is crucial for investors because it allows them to determine the past or future conditions of a firm's survival.…”

Section: Signal Theorymentioning

confidence: 99%

Influence of Carbon Emission Disclosure on Firm Value of Industrial Firms in Indonesia

Noor

Ginting

2022

International, J. , Contemporary, account.

View full text Add to dashboard Cite

The purpose of this research is to analyze the effect of carbon emission disclosure, environmental performance and environmental cost on Firm Value. This research uses 40 firms as sample from 50 industrial sector firms listed on Indonesian Stock Exchange in 2019-2020 as population. Samples are determined by purposive sampling. This research uses secondary data derived from annual reports, sustainability reports, financial reports, and stock price data. Data analysis method used in this research is Multiple Linear Regression using SPSS 26 Software. The first finding in this study showed that carbon emission disclosure had a significant and positive effect on firm value, this implies that the more detailed information on carbon emissions that is disclosed, the higher the firm's value, and vice versa. The second findings of this study showed that environmental performance has no significant effect on firm value, this indicates that environmental performance has no impact on the value of a firm, this demonstrates that investors continue to disregard environmental performance as measured by the ISO 14001 environmental standard when making investment decisions. The last findings of this study showed that environmental cost had an insignificant effect on firm value because investors still do not consider environmental costs when making investment decisions and because many industrial sector firms have not disclosed environmental costs in their social responsibility reports, so investors continue to miss the signals given by firms. This research contributes to the development of the sustainability accounting field.

show abstract

Section: Signal Theorymentioning

confidence: 99%

Influence of Carbon Emission Disclosure on Firm Value of Industrial Firms in Indonesia

Noor

Ginting

2022

International, J. , Contemporary, account.

View full text Add to dashboard Cite

show abstract

“…Companies that reduce greenhouse gas emissions should be accompanied by many carbon emissions disclosures, which are explanations of the actions taken by the company to protect the environment. Based on Asyari & Dianwicaksih (2022), the carbon emissions framework is important in accounting because the information disclosed would influence the company's future sustainability. Therefore, the company is interested in disclosing information about its environmental activities to shareholders and the public for its reputation and business continuity.…”

Section: Introductionmentioning

confidence: 99%

Role of Green Intellectual Capital Index to Carbon Emission Disclosure and Transparency on Financial Performances

Tjan,

Regina Jansen Arsjah

2023

International, J. , Contemporary, account.

View full text Add to dashboard Cite

The purpose of this research is to examines the effect of carbon emission disclosure and transparency on financial performance moderated by the green intellectual capital index. The objects of this study are energy, transportation, logistics, and banking industries sector of public listing companies during period 2020-2022 at IDX. 188 companies (the sample of this research) selected with purposive sampling and analyzed using multiple regression. Secondary Data used in this research, the example stock price, sustainability, financial and annual reports. Eviews is used as statistical software. This research has some results, they are show that carbon emission disclosure influence negatively to financial performance, but that result is different with the using of the green intellectual capital index as the moderating variable (factor) that resulted in the carbon emission disclosure had a positive effect on financial performance, and type of industry had a influence positively to financial performance. This research has some implications for stakeholders, especially for regulators and governments that conduct multiple socializations to the public about the urgency of carbon emission disclosure in order to improve public environmental consciousness and for companies to encourage the activities regarding the reduction of carbon emission (also disclose the carbon emissions reduction at their reports) with improved capability environmental aspect or green intellectual capital.

show abstract

Investors React to Disclosure of Carbon Emissions and Environmental Performance

Cited by 2 publications

References 8 publications

Influence of Carbon Emission Disclosure on Firm Value of Industrial Firms in Indonesia

Influence of Carbon Emission Disclosure on Firm Value of Industrial Firms in Indonesia

Role of Green Intellectual Capital Index to Carbon Emission Disclosure and Transparency on Financial Performances

Contact Info

Product

Resources

About