Strategy to Improve Firm Performance Through Operational Efficiency Commitment to Environmental Friendliness: Evidence From Indonesia

Utomo, Mohamad Nur; Wahyudi, Sugeng; Muharam, Harjum; Taolin, Maximus Leonardo

doi:10.15388/omee.2018.10.00004

Cited by 9 publications

(4 citation statements)

References 44 publications

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“…Shareholders can significantly affect a firm's behavior. Intuitively, controlling shareholders can positively affect firm performance and operational efficiency commitment to environmental friendliness (Utomo et al, 2018). Interestingly, some studies report that the shareholding ratio of state-owned shareholders is correlated with company performance (Lin et al, 2020).…”

Section: Research Hypothesesmentioning

confidence: 99%

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Long

Chen²,

Li³

et al. 2022

Front. Environ. Sci.

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For a greener society, good corporate environmental information disclosure is crucial. This study empirically examines the influence of media attention and state-owned equity, and their interaction on corporate environmental information disclosure by A-share heavily polluting firms in the Shanghai and Shenzhen stock markets from 2015 to 2019. The results show that state-owned equity can improve the level of corporate environmental information disclosure; however, it mainly affects financial environmental information disclosure. Media attention also improves the level of corporate environmental information disclosure, but only for non-financial environmental information. Moreover, media attention and state-owned equity have a certain substitution effect on environmental information disclosure: a higher state-owned equity ratio weakens the positive effect of media attention on environmental information disclosure. To improve environmental information disclosure, the government must clarify disclosure standards to improve the comparability of environmental information. In addition, media and shareholders can fully leverage their external and internal supervisory roles to promote the environmental responsibilities of firms. Our findings can be useful for further promoting corporate environmental information disclosure and developing relevant policies.

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Section: Research Hypothesesmentioning

confidence: 99%

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Long

Chen²,

Li³

et al. 2022

Front. Environ. Sci.

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“…In addition, these firms are also considered to have a good corporate governance. The SRI KEHATI Index is an index that describes firms that do not only benefit economically but also pay attention to the environmental preservation around them (Lakaba & Robiyanto, 2018;Utomo, Wahyudi, Muharam, & Taolin, 2018;Wahyudi, Pangestuti, Laksana, Hersugondo, & Robiyanto, 2018). The SRI KEHATI Index was formed to spread the information widely to the wider community, so that they would recognize the characteristics of firms that have environmental concerns, community involvement, human resources, corporate governance, human rights, and acceptable business ethics on international level (Zulkafli, Ahmad, & M., 2017).…”

Section: Introductionmentioning

confidence: 99%

The effect of corporate governance and intellectual capital toward financial performance and firm value of socially responsible firms

Robiyanto

Putra

Lako

2019

CyA

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“…The income of palm oil companies in Indonesia is largely dependent on the yield of palm oil. Efficient operational activities can improve firm performance [40]. Thus, the level of CPO extraction from palm oil companies greatly affects the firm's performance.…”

Section: Methodsmentioning

confidence: 99%

The Impact of Sustainable Certification on Financial and Market Performance: Evidence from Indonesian Palm Oil Companies

Suroso¹,

Tandra²,

Wahyudi³

2021

IJSDP

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The palm oil industry is a strategic sector that plays an important role for national economics. Although the palm oil industry's role and contribution are high, land clearing and operation are often associated with environmental and social issues. The sustainable certification was then developed to ensure that palm oil companies can continue to operate without involving environmental and social deprivation. The previous research related to the impact of a sustainable certification found several positive and negative impacts on palm oil companies' performance in general. Therefore, this study aimed to determine the impact of sustainable certification on Indonesia's palm oil companies' financial and market performance. This research focused on 14 palm oil companies in Indonesia that went public with an observation year between 2014 and 2019. Analysis through panel regression found that sustainable certification has no impact on Indonesia's palm oil companies' financial and market performance. The study could be a recommendation and justification for palm oil companies for consider to take a sustainable certification.

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Strategy to Improve Firm Performance Through Operational Efficiency Commitment to Environmental Friendliness: Evidence From Indonesia

Cited by 9 publications

References 44 publications

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

Sustainable corporate environmental information disclosure: Evidence for green recovery from polluting firms of China

The effect of corporate governance and intellectual capital toward financial performance and firm value of socially responsible firms

The Impact of Sustainable Certification on Financial and Market Performance: Evidence from Indonesian Palm Oil Companies

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