The Effect Of Environmental Performance On Profitability With Environmental Disclosure As Moderating

Ramlawati Ramlawati; Asriani Junaid; Syarifah Nurhalisa Alattas; Muslim Muslim

doi:10.24912/ja.v26i2.933

Authors

Ramlawati Ramlawati Universitas Muslim Indonesia
Asriani Junaid Universitas Muslim Indonesia
Syarifah Nurhalisa Alattas Universitas Muslim Indonesia
Muslim Muslim Universitas Muslim Indonesia

DOI:

https://doi.org/10.24912/ja.v26i2.933

Keywords: Environmental Performance; Environmental Disclosure; Profitability.

Abstract

Profitability describes a company's capacity to generate profits. Profitability is typically increased by implementing a nonexistent budget system, reducing marketing expenses, and implementing other asset management strategies. However, asset management is not the only factor affecting profitability in this instance. Environment, society, and economy have a fundamentally interdependent relationship. The company's existence in the environment has direct or indirect effects on the environment and social reality. Additionally, the company has great potential to alter the community's environment; therefore, the company's profitability improvement strategy must incorporate environmental considerations. This study focuses on 15 companies listed on the Indonesia Stock Exchange in 2018-2020 that received environmental performance ratings from PROPER. Quantitative research utilizing secondary data is conducted in the present study. Purposive sampling was used to carry out the sampling technique. Multiple moderation linear regression analysis, classical assumption testing, and hypothesis testing were employed in the investigation. The results indicated that environmental performance had a positive and statistically significant effect on profitability, with a significance level of 0.000. With a significant value of 0.000, the environmental disclosure variable strengthened the relationship between environmental performance and profitability.

Author Biographies

Ramlawati Ramlawati, Universitas Muslim Indonesia

ramlawati.ramlawati@umi.ac.id

Asriani Junaid, Universitas Muslim Indonesia

asriani.junaid@umi.ac.id

Syarifah Nurhalisa Alattas, Universitas Muslim Indonesia

alisaalattas99@gmail.com

Muslim Muslim, Universitas Muslim Indonesia

muslim.ak@umi.ac.id

References

Ayu, I., Oki, P., Dewi, Y., & Yasa, G. W. (2017). Pengaruh Ukuran Perusahaan, Profitabilitas, Tipe Industri Dan Kinerja Lingkungan Terhadap Environmental Disclosure. E-Jurnal Akuntansi, 20(3), 2362–2391.

Cheng, M., & Christiawan, Y. J. (2011). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Abnormal Return. Jurnal Akuntansi Dan Keuangan, 13(1), 23–35. https://doi.org/10.9744/jak.13.1.24-36.

Daromes, F. E. (2020). Peran Mediasi Pengungkapan Lingkungan Pada Pengaruh Kinerja Lingkungan Terhadap Nilai Perusahaan. Jurnal Akuntansi, 14(1), 77–101. https://doi.org/10.25170/jak.v14i1.1263.

Davis, J. H., Schoorman, F. D., & Donaldson, L. (2018). Toward A Stewardship Theory Of Management. In Business ethics and strategy (pp. 473–500). Routledge.

Dharmawan Krisna, A., & Suhardianto, N. (2016). Faktor-Faktor yang Mempengaruhi Pengungkapan Tanggung Jawab Sosial. Jurnal Akuntansi Dan Keuangan, 18(2), 119–127. https://doi.org/10.9744/jak.18.2.119-128.

Endiana, I., Dicriyani, N. L. G. M., Adiyadnya, M. S. P., & Putra, I. (2020). The Effect Of Green Accounting On Corporate Sustainability And Financial Performance. The Journal Of Asian Finance, Economics, And Business, 7(12), 731–738.

Epstein, M. J., Elkington, J., & Herman, B. (2018). Making sustainability work: Best practices in managing and measuring corporate social, environmental and economic impacts. Routledge.

Flammer, C. (2013). Corporate Social Responsibility And Shareholder Reaction: The Environmental Awareness Of Investors. Academy of Management Journal, 56(3), 758–781.

Fitriani, A. (2013). Pengaruh Kinerja Lingkungan. Jurnal Ilmu Manajemen, 1(1), 137–148. https://cdn.undiknas.ac.id/repository/REPO-16062119216685281.pdf.

Julianto, M., & Sjarief, J. (2016). Analisis Pengaruh Kinerja Lingkungan, Manajemen Laba, Ukuran Perusahaan, Dan Profitabilitas Terhadap Pengungkapan Lingkungan Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi, 9(2), 147–171. https://doi.org/10.25170/jara.v9i2.33.

Latupono, S. S., & Andyani. (2015). Pengaruh Corporate Social Responsibility Terhadap Nilai Perusahaan: Good Corporate Governance Variabel Moderating. Jurnal Ilmu Dan Riset Akuntansi, 4(8), 1–15.

Lie, H. (2017). Faktor-Faktor Yang Mempengaruhi Return On Equity Perusahaan Real Estate dan Property Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Akuntansi Manajemen Madani, 1(3), 64–82.

Lutfi, A. M., & Sunardi, N. (2019). Pengaruh Current Ratio (CR), Return On Equity (ROE), Dan Sales Growth Terhadap Harga Saham Yang Berdampak Pada Kinerja Keuangan Perusahaan (Pada Perusahaan Manufaktur Sektor Makanan dan Minuman Yang terdaftar di Bursa Efek Indonesia). Jurnal SEKURITAS (Saham, Ekonomi, Keuangan Dan Investasi), 2(3), 83. https://doi.org/10.32493/skt.v2i3.2793.

Masum, A. (2014). Dividend Policy And Its Impact On Stock Price–A Study On Commercial Banks Listed In Dhaka Stock Exchange. Global Disclosure of Economics and Business, 3(1).

Ningtyas, A. A., & Triyanto, D. N. (2019). Pengaruh Kinerja Lingkungan Dan Pengungkapan Lingkungan Terhadap Profitabilitas Perusahaan (Studi Empiris Pada Perusahaan Pertambangan yang Terdaftar di BEI Tahun 2015-2017). Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntans, 3(1), 14–26.

Oktariani, N. W., & Mimba, N. P. S. H. (2014). Pengaruh Karakteristik Perusahaan dan Tanggung Jawab Lingkungan pada Pengungkapan Tanggung Jawab Sosial Perusahaan. E-Jurnal Akuntansi Universitas Udayana, 3, 402–418.

Prasinta, D. (2012). Accounting Analysis Journal Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan. Accounting Analysis Journal, 1(2), 1–7. http://journal.unnes.ac.id/sju/index.php/aaj.

Putri, A. M., Hidayati, N., & Amin, M. (2019). Dampak Penerapan Green Accounting dan Kinerja Lingkungan Terhadap Profitabilitas Perusahaan Manufaktur Di Bursa Efek Indonesia. E-JRA Fakultas Ekonomi Dan Bisnis Universitas Islam Malang, 08(04), 149–164.

Risal, T., Lubis, N., & Argatha, V. (2020). Implementasi Green Accounting Terhadap Profitabilitas Perusahaan. Accumulated, 2(1), 73–85. http://e-journal.potensi-utama.ac.id/ojs/index.php/Accumulated/article/view/898.

Sulistiawati, E., & Dirgantari, N. (2017). Analisis Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 6(1), 865–872. https://doi.org/10.22219/jrak.v6i1.5082.

Tahu, G. P. (2019). Pengaruh Kinerja Lingkungan Dan Pengungkapan Lingkungan Terhadap KInerja Keuangan (Studi Pada Perusahaan Manufaktur yang Terdaftar di BEI). Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi, 3(1), 14–26.

Vivianita, A., & Nafasati, F. (2018). Pengaruh Environmental Performance Terhadap Kinerja Keuangan Dengan Corporate Governance Sebagai Variabel Pemoderasi. Jurnal REP (Riset Ekonomi Pembangunan), 3(1), 48–59. https://doi.org/10.31002/rep.v3i1.792.

Wardani, R. P. (2011). Faktor-Faktor yang Mempengaruhi Luas Pengungkapan Sukarela. Jurnal Akuntansi Dan Keuangan, 14(1). https://doi.org/10.9744/jak.14.1.1-15.

Yadnyana, I. K. (2017). Pengaruh Pengaruh Kinerja Lingkungan Pada Kinerja Keuangan Dengan Pengungkapan Corporate Social Responsibility Sebagai Variabel Intervening. E-Jurnal Akuntansi, 20(1), 645–673.

Yanto, H. E., & Pandia, F. (2012). Peranan Complaint Handling dan Service Recovery Oleh Customer Services (CS) Dalam Rangka Meningkatkan Kepuasan dan Loyalitas Nasabah Pada PT Bank CIMB Niaga (Persero) Tbk. Jurnal Ekonomi Dan Bisnis, 11(1), 43–48.