Public Ownership And Firm Value:  Mediation Role Of Carbon Emissions Disclosure

Suwandi Ng; Robert Jao; Fransiskus E. Daromes; Monica

doi:10.24912/ja.v26i3.1049

Authors

Suwandi Ng Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar
Robert Jao Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar
Fransiskus E. Daromes Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar
Monica Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar

DOI:

https://doi.org/10.24912/ja.v26i3.1049

Keywords: Public Ownerships; Carbon Emissions Disclosure; And Firm Value.

Abstract

Carbon emissions and the risk of climate change have a great impact on the environment and company performance. This study provides empirical evidence that public ownership encourages the disclosure of carbon emissions and their subsequent impact on firm value. In contrast to previous studies related to the driving factors for carbon emission disclosure which only focused on the role of directors and aspects of company characteristics, this study considers the ownership aspect in this case public ownership in encouraging the disclosure of carbon emissions and its subsequent impact on firm value. The research data was obtained from the Financial Statements of 122 companies listed on the Indonesia Stock Exchange for the observation period from 2015 to 2019. The data were selected using the purposive sampling method. The results of this study indicate that public ownership has a positive and significant effect on the disclosure of carbon emissions while a company is owned by the public increases firm value but not significantly. The results also show that disclosure of carbon emissions plays a role in mediating public ownership of the value of the company. The implications of this study confirm the stakeholder theory that companies should protect stakeholders by implementing environmental management and disclosing sustainability reports that provide information about their social, economic, and environmental performance.

Author Biographies

Suwandi Ng, Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar

swnd_ng@yahoo.com

Robert Jao, Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar

jao_robert@hotmail.com

Fransiskus E. Daromes, Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar

fedaromes@gmail.com

Monica, Program Studi Akuntansi, Universitas Atma Jaya Makassar, Makassar

monicadjie@yahoo.com

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