The determinants of environmental performance and its effect on the financial performance of European-listed companies

2021 ◽  
Vol 47 (2) ◽  
pp. 97-110
Author(s):  
Léopold Djoutsa Wamba
Keyword(s):  
Environmental Factors ◽  
Financial Performance ◽  
Environmental Protection ◽  
Environmental Performance ◽  
Stock Exchange ◽  
Structural Equations ◽  
Financial Resources ◽  
Exchange Performance ◽  
A Company ◽  
Least Squares Approach

This study seeks to identify the factors that can simultaneously improve the environmental and financial performance of a company and determine if an improvement in the environmental performance of a company is accompanied by an improvement in its financial performance. We estimate a system of structural equations using the partial least squares approach applied to data on 351 large European-registered companies extracted from the ASSET4-Environmental, Social, and Governance database for the 2007–2015 period. The results show that the engagement of a company in environmental protection is significantly affected by the system of governance of the company and the availability of financial resources at the 1 and 5% levels, respectively. The results also show that engaging in environmental protection increases the accounting and stock exchange performance of companies. These results thus suggest that the protection of the ecosystem by companies leads to a paradigm, which can form the basis of a model of responsible governance whose goal is to create value while respecting environmental factors.

The Influence of Human Capital on Financial Performance and Corporate Value

2019 ◽  
Vol 10 (1) ◽  
pp. 47-56
Author(s):  
MULYANINGTYAS MULYANINGTYAS
Keyword(s):  
Human Capital ◽  
Financial Performance ◽  
Firm Value ◽  
Stock Exchange ◽  
Learning Experience ◽  
Vital Role ◽  
Knowledge Capital ◽  
Corporate Value ◽  
Descriptive Approach ◽  
A Company

Human Capital (HC) reflects the knowledge capital of employees of an organization. In this era there was a huge changes in the economic field where human capital would be a factor of production that has a vital role. One way to increase human capital for companies is to increase expertise through learning experience programs. Profitability is a reflection of the financial performance of a company and a company that is well aware of the management of Human Capital, because the good and bad of Human Capital will affect the company's financial position directly and affect the company's profitability in the end. This study aims to determine whether the influence of human capital on firm value with financial performance as an intervening variable in the banking companies on the IDX registered in 2012-2016. This study uses two approaches, namely descriptive approach and explanatory approach. The technique of determining the sample of this study was purposive sampling carried out on banking companies which during 2012 to 2016 were listed on the Indonesia Stock Exchange.

scholarly journals The Impact of Innovation Strategy on the Financial, Social and Environmental Performance

2021 ◽  
Vol 1 (1) ◽  
pp. 33-39
Author(s):  
Hamid Saremi ◽  
Masoud Mahmoudi ◽  
Mojtaba Soltaninezhad ◽  
Mohammad Hosseinpour
Keyword(s):  
Financial Performance ◽  
Environmental Performance ◽  
Positive Impact ◽  
Stock Exchange ◽  
Social Performance ◽  
Point Of View ◽  
Innovation Strategy ◽  
Management Tools ◽  
Social And Environmental Performance ◽  
The Impact

The core purpose of this study is to investigate the effect of innovation strategy on financial, social and environmental performance of companies listed on the Tehran Stock Exchange (TSE). The information used is from 129 companies listed on TSE in different industries between 2011 and 2018 (1032 observations). In order to analyze the data, a multivariate regression test was used. The results showed a positive and significant relationship between innovation strategy on financial performance and environmental performance. Also, the relationship between innovation strategy and social performance has a positive but insignificant. Innovation tools are also among the few management tools that can have a positive impact on both financial performance and the company's environmental performance. In this research, an attempt has been made to look at the idea of innovation from a financial point of view, and its results in the long run indicate the right choice of management to invest in the company's research and development unit.

scholarly journals INTENSITAS RESEARCH AND DEVELOPMENT, GOODWILL, INTELLECTUAL CAPITAL DAN PERFORMA FINANSIAL SEBAGAI PENENTU NILAI PERUSAHAAN

2021 ◽  
Vol 1 ◽  
pp. 296-306
Author(s):  
Ellen Monata Wahono ◽  
Shinta Permata Sari
Keyword(s):  
Research And Development ◽  
Financial Performance ◽  
Intellectual Capital ◽  
Firm Value ◽  
Stock Exchange ◽  
Total Sample ◽  
Annual Reports ◽  
Manufacturing Companies ◽  
Fierce Competition ◽  
A Company

The increasingly fierce competition that occurs between companies in the  current  era of globalization is forcing the company to improve its strategies. Therefore, the main purpose of establishing a company is to increase the value of the firm. To achieve that purpose,managers have to understand the factors that can increase the value of the firms and also fulfillthe interests of stakeholders. This study aims to analyze the effect of Research and Development Intensity (RnD), Goodwill (GDW), Intellectual Capital (IC), and Financial Performance (PF) on Firm Value. The research data is obtained from  the  annual reports  of  manufacturing  companies  listed  on the Indonesia  Stock  Exchange  in 2015-2019 with a total sample of 60 after meeting certain criteria. The data is analyzed using multiple linear regression analysis.The results show that goodwill, intellectual  capital,  and financial performance have an effect on firm value. Meanwhile, the intensity of research and development has no effect on firm value The increasingly fierce competition that occurs between companies in the  current  era of globalization is forcing the company to improve its strategies. Therefore, the main purpose of establishing a company is to increase the value of the firm. To achieve that purpose,managers have to understand the factors that can increase the value of the firms and also fulfillthe interests of stakeholders. This study aims to analyze the effect of Research and Development Intensity (RnD), Goodwill (GDW), Intellectual Capital (IC), and Financial Performance (PF) on Firm Value. The research data is obtained from  the  annual reports  of  manufacturing  companies  listed  on the Indonesia  Stock  Exchange  in 2015-2019 with a total sample of 60 after meeting certain criteria. The data is analyzed using multiple linear regression analysis.The results show that goodwill, intellectual  capital,  and financial performance have an effect on firm value. Meanwhile, the intensity of research and development has no effect on firm value    

scholarly journals The effect of risk leverage on investors’ preferences in manufacturing companies listed on the Indonesia Stock Exchange

2018 ◽  
Vol 15 (3) ◽  
pp. 190-198
Author(s):  
Intan Shaferi ◽  
Rio Dhani Laksana ◽  
Sugeng Wahyudi
Keyword(s):  
Stock Exchange ◽  
External Source ◽  
The Other ◽  
Financial Resources ◽  
Manufacturing Companies ◽  
Financing Policy ◽  
Pooled Data ◽  
Funding Policies ◽  
External Sources ◽  
A Company

Financial resources have become one of the funding policies considered by companies. The financial resources can come from internal and external sources. Leverage is used as one of the policies to get external source of funds. By using leverage, companies have additional funds that can be used for their operations and investments. When a company decided to use leverage as a financing policy, it is expected to get enough funds to finance its business. Raising the funds will lead to better company’s financial performance. However, on the other hand, by raising funds, the company also needs to consider the risks. Thus, leverage is related to risk. Then, risk is one of the considerations for investors to think about.This research aims to examine the effect of risk leverage and hopefully can give illustration for investors in analyzing the risks of investors’ preferences. Besides, other variables used are size and profitability. These two variables are also the ground for considering risks. With pooled data analysis, this research was conducted on manufacturing companies listed on the Indonesia Stock Exchange during the five-year period from 2012 until 2016. The result shows that leverage, profitability and size have significant effects on risk.

scholarly journals Financial Performance Measurement Of With Signaling Theory Review On Automotive Companies Listed In Indonesia Stock Exchange

2018 ◽  
Vol 1 (2) ◽  
pp. 167-177
Author(s):  
Yuniningsih - Yuniningsih ◽  
Nisrina Atika Hasna ◽  
Muh Barid Nizarudin Wajdi
Keyword(s):  
Financial Performance ◽  
Stock Exchange ◽  
Analysis Method ◽  
Negative Direction ◽  
Corporate Size ◽  
Company Growth ◽  
Signaling Hypothesis ◽  
A Company ◽  
Theory Review

The Abstract The research aims to determine the role of debt variable, corporate size and growth to the high financial performance of a company with the basis of signaling hypothesis.  Analysis method used is multiple linear regression. The unit of analysis is automotive companies listed on Indonesia Stock Exchange period of 2012-2016. The results of the classical assumption test indicate that this research is free of multicollinear, heteroscedasticity and autocorrelation. The results indicate that debt results in negative direction and not significant, corporate size has a negative direction and not significant and company growth has a negative direction and significant. The three results are not in accordance with the hypothesis proposed in the study.  The present research has limitation that variables  used can only explain 14.4% and the rest are explained by other variables beyond this study.

scholarly journals PENGARUH KEPEMILIKAN MANAJERIAL, KEPEMILIKAN INSTITUSIONAL, KEBIJAKAN DIVIDEN DAN INVESTMENT OPPORTUNITY SET TERHADAP NILAI PERUSAHAAN PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA (BEI) TAHUN 2016-2018

2020 ◽  
Vol 1 (2) ◽  
pp. 76-91
Author(s):  
Ni Nyoman Yuningsih ◽  
Ni Luh Gde Novitasari
Keyword(s):  
Corporate Governance ◽  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Performance ◽  
Environmental Performance ◽  
Stock Exchange ◽  
Linear Regression Analysis ◽  
Multiple Linear Regression Analysis ◽  
Good Corporate Governance ◽  
Corporate Social

Financial performance can be used as a benchmark in assessing a company's financial success. Financial performance is a measure that describes the financial condition and ability of companies to make a profit. This study aims to reexamine the effect of environmental performance, corporate social responsibility, and good corporate governance on corporate financial performance. The sample in this study were 55 mining companies listed on the Indonesia Stock Exchange for the period 2014 - 2018. Determination of the sample using a purposive sampling method. The analytical tool used is multiple linear regression analysis. The results showed that environmental performance had no effect on financial performance and corporate social responsibility had a negative effect on financial performance. However, good corporate governance has a positive effect on financial performance.

scholarly journals The Effect of Good Corporate Governance and Environmental Performance on Financial Performance of the Proper Listed Company on Indonesia Stock Exchange

2017 ◽  
Vol 8 (1) ◽  
pp. 1
Author(s):  
Abigail Andriana ◽  
Rosinta Ria Panggabean
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Environmental Performance ◽  
Audit Committee ◽  
Stock Exchange ◽  
Listed Company ◽  
Managerial Ownership ◽  
Return On Equity ◽  
Good Corporate Governance ◽  
Research Population

This research aimed to determine whether the environmental performance and Good Corporate Governance (GCG) mechanisms, such as managerial ownership, institutional ownership, the proportion of independent commissioners had effects of the audit committee on measured financial performance by using Return on Equity (ROE). This research population was manufacturing company listed on Indonesia Stock Exchange that participated in PROPER 2012/2013 and 2013/2014. Based on the multiple regression analysis, audit committee partially had a significant effect on financial performance, while the others did not. Meanwhile, the analysis result shows that environmental performance and all GCG mechanisms simultaneously have significant effects on financial performance.

scholarly journals Pengungkapan CSR Tentang Kinerja Keuangan dan Lingkungan

2019 ◽  
Vol 2 (1) ◽  
pp. 71
Author(s):  
Darti Djuharni ◽  
Intan Novitasari
Keyword(s):  
Financial Performance ◽  
Consumer Goods ◽  
Environmental Performance ◽  
Environmental Variables ◽  
Stock Exchange ◽  
Financial Data ◽  
Manufacturing Companies ◽  
Industry Sector ◽  
Consumer Goods Industry

This research was conducted to test the effect of CSR on financial performance and add environmental variables as intervening. This type of research is Explonatory research using financial data published on the Indonesia Stock Exchange (IDX). The study was conducted on manufacturing companies in the consumer goods industry sector for three years, namely 2015, 2016, and 2017. From the number listed, they were selected according to the criteria determined to be used as research samples. The number of companies that met the criteria for further analysis was thirteen companies with observations over three years. The results of this study indicate that CSR significantly influences the company's financial performance, and environmental performance as an intervening variable significantly influences the company's financial performance.

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