Kinerja Perusahaan dan Struktur Kepemilikan: Dampak terhadap Pengungkapan Lingkungan

Abstract

This study aims to determine the effect of financial performance, environmental performance and institutional ownership on disclosure of environmental information that is controlled by leverage. The independent variable in this study is financial performance by measuring the company's ability to generate profits based on certain share capital, environmental performance as measured by PROPER, and institutional ownership as measured by the percentage of institutional ownership in a company. The disclosure of environmental information as the dependent variable is measured by GRI4 and the controlling variable is leverage measured by comparing the total amount of debt with total equity. The population in this study are all non-financial companies listed on the Indonesia Stock Exchange (IDX) in 2014-2017. Sampling in this study uses purposive sampling and the total sample obtained per year is 15 companies. The results of this study indicate that financial performance has an insignificant influence on the disclosure of environmental information while environmental performance and institutional ownership have a significant influence on the disclosure of environmental information.

The Association of Performance, Awards, Ownership, and Media With the Environmental Disclosure

“…The result of environmental performance in this study was in line with Purwanto & Nugroho (2020) that environmental performance did not affect environmental disclosure. On the other hand, the results of this study were also contrasted with the research conducted by (Rahmatika, 2021;Adriana & Uswati Dewi, 2019;Sari et al, 2019;Ermaya & Mashuri, 2018;Dintimala & Amril 2018) that environmental performance had a significant positive effect on environmental disclosure.…”

“…2, October 2022, Page. 252-260 Adita Mutiara Annisa Husnah Nur Laela Ermaya the other hand, the results of this study contrasted with the research done by Ermaya & Mashuri (2018) and Suprapti et al (2019) that institutional ownership significantly positively affected environmental disclosure and (Acar et al, 2021;Masoud & Vij, 2021;Sari et al, 2019) that institutional ownership did not affect environmental disclosure.…”

Pengaruh Environmental Performance, Corporate Governance, dan Firm Age Terhadap Environmental Disclosure

“…Hal ini menunjukkan bahwasanya manajemen akan berhati-hati untuk mengambil keputusan sebagai akibat dari pengawasan eksternal perusahaan. Klaim ini didukung oleh penelitian, termasuk (Diantimala & Amril, 2018), (Ermaya & Mashuri, 2018) dan (Suprapti et al, 2019). Namun, penelitian (Sari et al, 2018) dan (Aripianti, 2015) yang menghasilkan hasil sebaliknya juga mengungkapkan bahwa tidak ada kaitannya dengan pengungkapan lingkungan.…”

Do Environmental Issues Matter to Investors?

“…Stakeholder theory explains that companies do not only operate to gain corporate profits but are also required to provide benefits to stakeholders, either shareholders, suppliers, customers, creditors, society, government, or others. Concerning stakeholder theory, society and the environment are the core stakeholders that companies must pay attention to (Ermaya & Mashuri, 2018). The implementation of corporate social responsibility in the form of environmental disclosure is considered one of the efforts to fulfill responsibilities to stakeholders.…”