GREEN STRATEGY MODERATE THE EFFECT OF CARBON EMISSION DISCLOSURE AND ENVIRONMENTAL PERFORMANCE ON FIRM VALUE

The purpose of this study is to examine and analyze: (1) The effect of disclosure of carbon emissions and environmental performance on firm value. (2) Effect of green strategy on firm value (3) Green strategy Moderates the effect of disclosure of carbon emissions and environmental performance on firm value. Quantitative research uses secondary data taken by purposive sampling from annual reports and sustainable reports of manufacturing companies listed on the Indonesia Stock Exchange in 2015-2019. The data is processed by panel regression. The conclusion of this study (1) Disclosure of carbon emissions has no effect on firm value. (2) Environmental performance and green strategy have a significant positive effect on firm value. (3) The green strategy strengthens the effect of carbon emission disclosure on firm value. (4) The green strategy is not proven to strengthen environmental performance on company value. So, the green strategy only acts as a predictor or independent variable.

The Influence of Green Culture and Green Strategy on the Circular Economy Implementation: The Moderating Role of Green Intellectual Capital

This study aims to analyze the relationship between Green Culture (GC) and Green Strategy (GS) on the Circular Economy (CE) implementation. It also aims to analyze the moderating tole of Green Intellectual Capital (IC) on the relationship. The type of this study is quantitative research, and the data is collected through questionnaire. The respondents of this study are the owner or manager, or owner and manager of Batik MSMEs in Klaten, Central Java Province. The respondents are chosen purposively with certain criteria. The data is analyzed using Moderated Regression Analysis (MRA). The results of this study found that GC and GS partially influence the CE implementation. Green IC cannot moderate the relationship between GC and the CE implementation, but on the contrary, Green IC is able to moderate the influence of GS on the CE implementation.