Determinasi Nilai Perusahaan Energi Melalui Green Accounting, Carbon Emission Disclosure, dan Kinerja Lingkungan
DOI:
https://doi.org/10.47065/arbitrase.v6i2.2732Keywords:
Green Accounting; Carbon Emission Disclosure; Environmental Performance; Firm Value; Energy SectorAbstract
This study examines the effect of green accounting, carbon emission disclosure, and environmental performance on the value of energy companies listed on the Indonesia Stock Exchange (IDX) for the period 2021-2024. The background of this study is based on the increasing global awareness of environmental and sustainability issues. Secondary data were obtained from annual reports, financial reports, and corporate sustainability reports. Sampling was conducted using purposive sampling, resulting in 10 companies with a total of 30 observations over three years. Data analysis techniques used panel data regression with the Random Effects Model (REM) approach. The results show that green accounting does not have a significant effect on company value (? = -0.061805; p = 0.5883), while carbon emission disclosure has a significant negative effect signifikan (? = -0.934517; p = 0.0465) and environmental performance has a significant positive effect on company value (? = 0.142384; p = 0.0048). These findings indicate that the market has not fully assessed green accounting practices as a major factor in determining company value, while good environmental performance is a positive signal for investors. This study contributes to strengthening the literature on sustainability reporting and provides practical implications for companies in improving transparency and environmental performance to create long-term value.
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