The Effect of Green Accounting and Enviromental Social Governance on Company Profitability with Firm Size as a Moderation Variable
Abstract
The purpose of this study is to determine the influence of Green Accounting and Environmental, Social, Governancae (ESG) on Profitability. In addition, it is also to find out whether the company size variable can moderate the relationship between Green Accounting and company Profitability, as well as the relationship between ESC and company Profitability. The study used a sample of 44 companies engaged in the mining sector, which are listed on the Indonesia Stock Exchange in 2022 and 2023. The analysis tool used is Multiple Linear Regression. The results of the study show that Green Accounting and ESG are partially related to Profitability. Company size can moderate the relationship between Green Accounting and Profitability, but company size can
References
Abdurrahman Adamu Pantamee (2019), Impact of Green Accounting on Company Value: Evidence from the Nigerian Companies, Journal of Business Management and Accounting Vol. 3, No. 1 (2019), pp. 16-26
Aydoğmuş, M., Gülay, G., & Ergun, K. (2022). Impact of ESG performance on firm value and profitability. Borsa Istanbul Review, 22, S119–S127. https://doi.org/10.1016/j.bir.2022.11.006
Chang Guanghui, at al (2024), Assessing the impact of financing decisions and ownership structure on green accounting disclosure: Evidence from developing economies, Heliyon Journal (2024), pp. 1-14
Chasbiandani, T., Rizal, N., & Indra Satria, I. (2019). Penerapan Green Accounting Terhadap Profitabitas Perusahaan Di Indonesia. Afre (Accounting And Financial Review), 2(2), 126–132. Https://Doi.Org/10.26905/Afr.V2i2.3722
Dewi, C, & Wiyono, S (2023) Analsis Pengaruh Green Accounting, Kinerja Lingkungan, Biaya Lingkungan dan Pengungkapan CSR Terhadap Tingkat Profitabilitas Perusahaan (Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi di Bursa Efek Indonesia tahun 2018-2021), Jurnal Ekonomi Trisakti, Vol. 3 No. 1 April 2023 : hal : 1197-1208
Dewi, P. P., & Edward Narayana, I. P. (2020). Implementasi Green Accounting, Profitabilitas dan Corporate Social Responsibility pada Nilai Perusahaan. E-Jurnal Akuntansi, 30 (12), 3252. https://doi.org/10.24843/eja.2020.v30.i12.p20
Dinarjito (2024). ESG as an Important Factor of Company Profitability and as a Moderation of Corporate Value. International Journal of Environmental, Sustainability, and Social Science. Vol. 5 No. 1
Endiana I Dewa Made at al (2020), The Effect of Green Accounting on Corporate Sustainability and Financial Performance, Journal of Asian Finance, Economics and Business Vol 7 No 12 (2020) pp. 731–738
Erlangga, C. M., Fauzi, A., & Sumiati, A. (2021). Penerapan Green Accounting dan Corporate Social Responsibility Disclosure Terhadap Nilai Perusahaan Melalui Profitabilitas. Akuntabilitas, 14(1), 61–78. https://doi.org/10.15408/akt.v14i1.20749
Farouk Sherine, at.all (2012), Green Accounting and Management for Sustainable Manufacturing in Developing Countries, International Journal of Business and Management; Vol. 7, No. 20; 2012,pp. 36 - 43
Ghazali, Andi & Zulmaita (2020) Pengaruh Pengungkapan Enviromental, Social, and Governance (ESG) Terhadap Profitabilitas Perusahaan (Studi Pada Perusahaan Sektor Infrastruktur yang Terdaftar Di Bursa Efek Indonesia). Prosiding SNAM PNJ
Ghozali, I. 2020. 25 Grand Theory. Yogyakarta: Deepublish. Global Reporting Initiative. (2016). The Global Standards for Sustainability Reporting. Diambil kembali dari www.globalreporting.org: https://www.globalreporting.org/standards/
Henisz, W., Koller, T., & Nuttall, R. (2019). Five ways that ESG creates value. Diambil kembali dari McKinsey: https://www.mckinsey.com/business-functions/strategy-and-corporatefinance/our-insights/five-ways-that-esg-creates-value
International Association for Public Participation Indonesia. (2022, Maret). Situasi dan Tantangan Perjalanan ESG di Indonesia. Diambil kembali dari IAP2: https://iap2.or.id/situasi-dan-tantanganperjalanan-esg-di-indonesia/
Jundong Ma , Juntao Ma, (2019), A Research Review of Corporate Green Accounting Information Disclosure, Proceedings IOP Conference Series: Earth and Environmental Science, 2019
Kasmir. 2019. Analisis Laporan Keuangan. Edisi Revisi. Cetakan kesebelas. Jakarta: PT. RajaGrafindo Persada
Lako, A. (2018). Akuntansi Hijau: Isu, Teori, dan Aplikasi. Jakarta: Salemba Empat.
Mahdi Rounaghi Mohammad (2019), Economic analysis of using green accounting and environmental accounting to identify environmental costs and sustainability indicators, International Journal of Ethics and Systems November 2019, pp. 504-512
Masiyah Kholmi & Saskia An Nafiza, (2022) "Pengaruh Penerapan Green Accounting dan Corporate Social Responsibility Terhadap Profitabilitas (Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahun 2018-2019 )", Jurnal Raviu Akuntansi dan Bisnis Indonesia Vol. 6, No 1
Mohamad Soedarman Soedarman, Abigail Fenina, Lailatus Sa’adah, 2023 "PENGARUH PENERAPAN GREEN ACCOUNTING DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP PROFITABILITAS PERUSAHAAN DENGAN CITRA PERUSAHAAN SEBAGAI VARIABEL MODERATING. Jurnal Analisa Akuntansi dan Perpajakan, Vol.7, N0.2.
Mulpiani, W. (2019). Pengaruh Pengungkapan Sustainability Report Terhadap Kinerja Perusahaan Publik di Indonesia. Akurasi : Jurnal Studi Akuntansi Dan Keuangan, 2(2), 77–90. https://doi.org/10.29303/akurasi.v2i2.16
Nguyen, Thi Hong Nga, at al (2018), Green Accounting and Sustainable Development of Listed Vietnamese Enterprises, Proceedings of 14th International Conference on Humanities and Social Sciences 2018 (IC-HUSO 2018) 22nd -23rd November 2018, Faculty of Humanities and Social Sciences, Khon Kaen University, Thailand, pp. 379-391.
Otoritas Jasa Keuangan. (2021, Januari). Roadmap Keuangan Berkelanjutan Tahap II (2021-2025). Diambil kembali dari Otoritas Jasa Keuangan: https://www.ojk.go.id/id/beritadankegiatan/publikasi/Pages/Roadmap-Keuangan-Berkelanjutan-Tahap-II-(2021-2025).aspx
Pratiwi., dan Nurunisa. 2018. Penerapan Green Accounting Terhadap Pertumbuhan Harga Saham dengan Profitabilitas sebagai Variabel Moderating. Jurnal Ekonomi dan Bisnis.
Prihadi, Toto. 2020. Analisis Laporan Keuangan. 2nd ed. Jakarta: PT Gramedia Pustaka Utama
Purnamawati I Gusti Ayu, at al (2018), Green Accounting: A Management Strategy and Corporate Social Responsibility Implementation, International Journal of Community Service Learning. Volume 2, Number 3, Tahun 2018, pp. 149-156
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, 08(04). www.idx.co.id
RBC. (2018). Charting A Sustainable Advantage. Canada: RBC Global Asset Management.
Riyadh Hosam Alden at al, (2020), The Analysis of Green Accounting Cost Impact on Corporations Financial Performance, International Journal of Energy Economics and Policy, 10(6), pp. 421-426.
Sari, N. R., & Wahyuningtyas, E. T. (2020). "Studi Penerapan Green Accounting dan Pengungkapan Sustainability Reporting Terhadap Profitabilitas". Raya Jemursari. www.idx.co.id
Sapulette, S. G., & Limba, F. B. (2021). Pengaruh penerapan green accounting dan kinerja lingkungan terhadap nilai perusahaan manufaktur yang terdaftar di BEI tahun 2018-2020. Kupna Jurnal: Kumpulan Artikel Akuntansi, 2(1), 31–43
Soedarman M.S, Abigail Fenina, Lailatus Sa’adah, 2023. "Pengaruh Penerapan Green Accounting dan Corporate Social Responsibility Perusahaan dengan Citra Perusahaan sebagai Variabel Moderating". Jurnal Analisa Akuntansi dan Perpajakan, Vol.7, N0.2.
Stobierski, T. (2021, Mei). What is Sustainable Investing? Diambil kembali dari Harvad Business School Online: https://online.hbs.edu/blog/post/sustainable-investing
Sumiati Ati at al (2021), Influence of Green Accounting and Environmental Performance on Profitability, Proceedings of the International Conference on Social, Economics, Business, and Education (ICSEBE 2021), pp. 45 – 151
Usti, I. P. ., & Harmain, H. . (2023). Pengaruh Penerapan Green Accounting Dan CSR Terhadap Profitabilitas Pada PT.Carsurindo Siperkasa". Jurnal Management Studies and Entrepreneurship Journal (MSEJ), 4(5), 4486–4498.
Utami, R. D., & Nuraini, A. (2020). Pengaruh Penerapan Green Accounting dan Perputaran Total Aset Terhadap Profitabilitas: Studi Empiris pada Perusahaan Tambang Asing di Indonesia Tahun 2011-2016. Jurnal Ilmiah Akuntansi Kesatuan, 8(2), 197–206. https://doi.org/10.37641/jiakes.v8i2.378
Wandha D.S, Rafianamaghfurin & Mohamad D (2022). "Praktik Pengungkapan Informasi Environmental, Social And Governance (ESG) Dalam Penerapan GCG". Jurnal Ekonomika Dan Bisnis (JEBS) Vol. 2 No. 3. https://doi.org/10.47233/jebs.v2i3.267
Varsha Agarwal, L Kalpaja (2018) A study on the importance of green accounting, International, Journal of Advance Research, Ideas and Innovations in Technology, 218, pp. 206-2010
