DETERMINAN DAN KONSEKUENSI PENGUNGKAPAN LINGKUNGAN

ABSTRACT : The rampant cases of forest fires in Indonesia caused by business operations, make the company more and more highlighted by the public, so the companies are encouraged to make extensive environmental disclosure, which shows the determinant factors such as environmental performance has been carried out by the company well. The more extensive disclosure of environmental performance can provide greater opportunities at the dimension of corporate sustainability as a consequence of the disclosure made. This study was conducted to analyze the mediating role of environmental disclosure on the relationship of environmental performance to the dimention of corporate sustainability. The sample used in this study was obtained by purposive sampling method are non-financial sector companies listed on the Indonesia Stock Exchange in 2015-2018, obtained PROPER ratings in 2015-2017, and no losses. The testing and analysis techniques used are multiple regression techniques and path analysis. Testing in this study produce evidences that environmental performance is able to influence the dimension of corporate sustainability directly and indirectly, that mediated by environmental disclosure. Then, this study also showed an evidence that environmental performance is able to influence environmental disclosure, and environmental disclosure is able to directly affect the dimension of company sustainability.Result of this study showed several implications are, for non-financial companies that sensitive to the environmental, is better to start managing the environmental well, for example doing the environmental performance, such as manage the waste of factory and then disclose the performance results fullest. This is able to provide some important information for stakeholders and policy makers as additional references to make a decision and design the environmental laws.Keywords: Environmental Performance, Environmental Disclosure, Corporate Sustainability ABSTRAK : Maraknya kasus pembakaran hutan di Indonesia yang disebabkan karena operasi usaha, membuat perusahaan semakin banyak disorot oleh publik, sehingga perusahaan didorong untuk melakukan pengungkapan lingkungan yang luas, yang menunjukan faktor determinan seperti kinerja lingkungan telah dilakukan oleh perusahaan dengan baik. Adanya pengungkapan mengenai kinerja lingkungan yang semakin luas dapat memberikan peluang yang lebih besar pada dimensi sustainability perusahaan sebagai konsekuensi dari pengungkapan yang dilakukan. Penelitian ini dilakukan untuk menganalisis peran mediasi dari pengungkapan lingkungan pada hubungan kinerja lingkungan terhadap dimensi keuangan sustainability perusahaan. Penggunaan sampel pada penelitian ini diperoleh dengan metode purposive sampling yaitu perusahaan sektor non keuangan yang terdaftar dalam Bursa Efek Indonesia tahun 2015-2018, memperoleh peringkat PROPER pada tahun 2015-2017, dan tidak mengalami kerugian. Teknik pengujian dan analisis yang digunakan yaitu teknik regresi berganda dan analisis jalur. Pengujian pada penelitian ini menghasilkan bukti bahwa kinerja lingkungan mampu mempengaruhi dimensi sustainability perusahaan, baik secara langsung, maupun secara tidak langsung, yaitu dengan dimediasi oleh pengungkapan lingkungan. Selain itu, penelitian ini juga menghasilkan bukti bahwa kinerja lingkungan mampu mempengaruhi pengungkapan lingkungan, dan pengungkapan lingkungan mampu mempengaruhi dimensi sustainability perusahaan secara langsung. Hasil dari penelitian ini menunjukan beberapa implikasi antara lain, bagi perusahaan non-keuangan yang sensitif terhadap lingkungan, sebaiknya mulai melakukan pengelolaan lingkungan dengan baik misalnya melakukan kinerja lingkungan seperti melakukan pengelolaan limbah pabrik serta mengungkapkan hasil kinerja tersebut seluas-luasnya. Hal ini mampu memberikan informasi penting bagi stakeholder dan pembuat kebijakan sebagai referensi tambahan dalam pengambilan keputusan serta pembentukan Undang-undang mengenai lingkungan.Kata Kunci: Kinerja Lingkungan, Pengungkapan Lingkungan, Sustainability Perusahaan

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Pengaruh Corporate Governance terhadap Environmental Disclosure dengan Environmental Performance sebagai Variabel Moderating

TRIKONOMIKA ◽

10.23969/trikonomika.v14i1.590 ◽

2015 ◽

Vol 14 (1) ◽

pp. 38 ◽

Cited By ~ 1

Author(s):

Nana Nofianti ◽

Lia Uzliawati ◽

Sarka S

Keyword(s):

Corporate Governance ◽

Environmental Performance ◽

Sampling Method ◽

Stock Exchange ◽

Performance Rating ◽

Significant Positive Effect ◽

Program Performance ◽

Environmental Disclosure ◽

Purposive Sampling ◽

Positive Effect

The purpose of this study is to examine the effect that caused the application corporate governance (Measured by the corporate governance index of the IICG) in the exercises oversight of the conduct of the environmental disclosure (Measured by IER Index of Suhardjanto), and to determine whether environmental performance the company (Measured with PROPER) as a moderating variable can be moderate influence of application corporate governance to environmental disclosure of company PROPER participants and listed in Indonesia Stock Exchange during 2010-2013 period. The method used to collect data is the purposive sampling method. Sampling criteria in this study is the Company that participate in Program Performance Rating (PROPER) 2010-2013, which listing in Indonesia Stock Exchange (IDX). The sample consists of 27 Companies selected from the population as much data as 28 the company. The results showed that: 1) corporate governance significant positive effect on environmental disclosure, and 2) environmental performance may moderate the influence of corporate governance to environmental disclosure.

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Penerapan Green Accounting Terhadap Profitabilitas Perusahaan Makanan dan Minuman di Bursa Efek Indonesia (BEI) Tahun 2015 – 2019

Jurnal Ekonomi dan Bisnis Dharma Andalas ◽

10.47233/jebd.v23i1.208 ◽

2021 ◽

Vol 23 (1) ◽

pp. 109-122

Author(s):

Murniati Murniati ◽

Ingra Sovita

Keyword(s):

Environmental Performance ◽

Stock Exchange ◽

Sample Selection ◽

Total Sample ◽

Analysis Data ◽

Environmental Disclosure ◽

Return On Assets ◽

Green Accounting ◽

Purposive Sampling ◽

Negative Effect

This study aims to examine the effect of green accounting on profitability. The independent variables in this study are environmental performance and environmental disclosure, the dependent variable is profitability which is measured using the Return on Assets (ROA) ratio. The study population was mining companies listed on the Indonesia Stock Exchange (IDX) in 2015-2019. The sample selection using purposive sampling method and obtained a total sample of 17 companies. Hypothesis testing uses multiple regression analysis. Data analysis using the IBM SPSS Statistics 23 application. The results showed that environmental performance had no effect on ROA with a significance value of 0.489> 0.05, while environmental disclosure had a negative effect on ROA with a significance value of 0.005 <0.05. ABSTRAK Penelitian ini bertujuan untuk menguji pengaruh green accounting terhadap profitabilitas. Variabel independen dalam penelitian ini adalah kinerja lingkungan dan pengungkapan lingkungan, variabel dependen adalah profitabilitas yang diukur menggunakan rasio Return on Assets (ROA). Populasi penelitian adalah perusahaan pertambangan yang terdaftar di Bursa Efek Indonesia (BEI) Tahun 2015-2019. Pemilihan sampel menggunakan metode purposive sampling dan diperoleh jumlah sampel sebanyak 17 perusahaan. Pengujian hipotesis menggunakan analisis regresi berganda. Analisis data menggunakan aplikasi IBM SPSS Statistics 23. Hasil penelitian menunjukkan bahwa kinerja lingkungan tidak berpengaruh terhadap ROA dengan nilai signifikansi sebesar 0,489 > 0,05, sedangkan pengungkapan lingkungan berpengaruh negatif terhadap ROA dengan nilai signifikansi sebesar 0,005 < 0,05.

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The Effects of Financial and Environmental Performances on Firm Value with Environmental Disclosure as an Intervening Variable

Jurnal Dinamika Akuntansi ◽

10.15294/jda.v12i2.24003 ◽

2020 ◽

Vol 12 (2) ◽

pp. 90-99

Author(s):

Theresia Coline Sari Rinsman ◽

Andrian Budi Prasetyo

Keyword(s):

Financial Performance ◽

Environmental Performance ◽

Firm Value ◽

Stock Price ◽

Negative Impact ◽

Positive Impact ◽

Stock Exchange ◽

Corporate Sustainability ◽

Secondary Data ◽

Environmental Disclosure

This study aims to analyze the effects of financial performance and environmental performance to firm value with environmental disclosure as an intervening variable. Financial performance which measured by Ratio On Sales (ROS) and environmental performance which measured by PROPER ranking act as independent variables and firm value which measured by stock price acts as dependent variable also environmental disclosure which measured by GRI Standards as an intervening variable. This study uses secondary data and selects the sample used purposive sampling method. The samples consist of non financial companies listed in the Indonesia Stock Exchange (IDX), participated in the PROPER (Program Penilaian Peringkat Kinerja Perusahaan / Performance Rating Assestment Program on Environment Management) and published both annual report and sustainability report for 2017-2018. Partial Least Squares technique is chosen for the study statistic analysis. Results from this research show that financial performance has a negative impact on environmental disclosure, environmental performance has a significant positive impact on environmental disclosure and environmental disclosure does not affect the firm value. Next, the environmental disclosure is not able to intervene the effects of financial performance and environmental performance on firm value. The implications of this research are prove that the environmental aspects of information disclosed by the company have not been an important assessment for investors in viewing the performance of a company and also suggest investors to consider the company's environmental disclosure in making investment decisions because it contain an important aspect of corporate sustainability.

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PENGARUH KINERJA LINGKUNGAN, PENGUNGKAPAN LINGKUNGAN, DAN PROFITABILITAS TERHADAP TINGKAT PENGEMBALIAN SAHAM: STUDI EMPIRIS DI BURSA EFEK INDONESIA

Jurnal Riset Akuntansi dan Keuangan ◽

10.21460/jrak.2021.171.361 ◽

2021 ◽

Vol 17 (1) ◽

pp. 23

Author(s):

Hidayah Wiweko

Keyword(s):

Regression Analysis ◽

Environmental Performance ◽

Stock Return ◽

Sampling Method ◽

Stock Exchange ◽

Manufacturing Sector ◽

Descriptive Statistics ◽

Environmental Disclosure ◽

Purposive Sampling ◽

Independent Variables

ABSTRAK Tujuan dilakukan penelitian ini adalah untuk mengetahui pengaruh kinerja lingkungan, pengungkapan lingkungan dan profitabilitas terhadap return saham. Variabel independen dalam penelitian ini adalah kinerja lingkungan, pengungkapan lingkungan dan profitabilitas. Variabel dependen dalam penelitian ini adalah return saham. Populasi dalam penelitian ini adalah sektor manufaktur yang memperoleh peringkat PROPER dan terdaftar di Bursa Efek Indonesia (BEI) tahun 2015-2018 sebanyak 42 perusahaan. Sampel dalam penelitian ini diambil dengan menggunakan metode purposive sampling. Analisis data menggunakan statistik deskriptif, uji asumsi klasik, analisis regresi berganda dan pengujian hipotesis. Hasil penelitian ini menunjukkan bahwa variabel kinerja lingkungan, pengungkapan lingkungan dan profitabilitas berpengaruh signifikan terhadap return saham.Kata Kunci: return saham, kinerja lingkungan, pengungkapan lingkungan, profitabilitas ABSTRACT The purpose of this research is to determine the effect of environmental performance, environmental disclosure and profitability on stock return. The independent variables in this study are environmental performance, environmental disclosure, profitability. The dependent variable in this study is stock return. The population in this study is the manufacturing sector which received a PROPER rating and was listed on the Indonesia Stock Exchange (IDX) in 2015-2018 as many as 42 companies. The sample in this study was taken using a purposive sampling method. Data analysis uses descriptive statistics, classic assumption tests, multiple regression analysis and hypothesis testing. The results of this study indicate that environmental performance, environmental disclosure and profitability variables have a significant effect on stock returns.Keywords: stock return, environmental performance, environmental disclosure, profitability

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Pengungkapan Lingkungan, Profitabilitas dan Nilai Perusahaan

Kompartemen Jurnal Ilmiah Akuntansi ◽

10.30595/kompartemen.v17i2.5807 ◽

2020 ◽

Vol 17 (2) ◽

Author(s):

Iwan Setiadi ◽

Yumniati Agustina

Keyword(s):

Regression Analysis ◽

Firm Value ◽

Stock Exchange ◽

Sampling Technique ◽

Environmental Information ◽

Environmental Disclosure ◽

Purposive Sampling ◽

Environmental Disclosures

This study aims to examine the effect of environmental disclosures on firm value by using profitability as a moderating variable. The research sample is all companies listed on the Indonesia Stock Exchange. The sampling technique used in this study was purposive sampling, which consisted of 143 companies. The analysis of this study uses moderated regression analysis. The results of this study indicate that environmental disclosure has a positive and significant effect on firm value. Proability strengthens the influence of environmental disclosures on firm value. The more environmental information disclosed by the company, the higher the trust of stakeholders in the company, so as to encourage stakeholders to help and cooperate with companies in earning profits, the increase in profits encourages an increase in the value of the company itself. Keywords: environmental disclosure, profitability, firm value

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The Effect of Environmental Disclosure and Performance on Profitability in the Companies Listed on the Stock Exchange of Thailand (SET)

Jurnal Ilmu Lingkungan ◽

10.14710/jil.19.1.66-72 ◽

2021 ◽

Vol 19 (1) ◽

pp. 66-72

Author(s):

Indah Fajarini Sri Wahyuningrum ◽

Muhammad Ihlashul Amal ◽

Suci Sularsih

Keyword(s):

Environmental Performance ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

Iso 14001 ◽

Company Size ◽

Analysis Tool ◽

Environmental Disclosure ◽

Time Period ◽

One Year

The main objective of this study is to determine the empirical evidence of the effect of environmental disclosure, environmental performance, company age, and company size on profitability. The purposive sampling method was used to determine the sample of companies and obtained 85 companies from a total population of 100 large companies listed on the Thailand Stock Exchange (SET) in 2018. The data analysis technique used was multiple linear regression analysis using analysis tool IBM SPSS Statistics version 26. The results of this study prove that environmental disclosure has a significant positive effect on profitability. Environmental performance and company size have a significant negative effect on profitability. On the other hand, company age is not proven to have a significant effect on profitability. Based on the research results, it can be concluded that more extensive environmental disclosure is able to increase the achievement of profitability. However, company age is not a factor affecting profitability. Meanwhile, company size and environmental performance as measured by total assets and the existence of ISO 14001 certifications are proven to reduce the level of company profitability. This study also has several limitations, including the time period which is limited to only one time period, namely 2018. It is expected that further studies can expand the time period by more than one year. This is since using a time period of more than one year can illustrate the effect of environmental disclosure and environmental performance, company age and company size on the profitability achieved by the companies. In addition, it is expected that the results of this study can provide input to companies to be more concerned regarding company performance activities, especially on the environment because there are still many companies that have low levels of environmental disclosure even though environmental disclosure in Thailand is still voluntary.

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Do Environmental Performance and Disclosure Contribute to the Economic Performance? The Moderating Role of Corporate Action

Journal of Accounting Research, Organization and Economics ◽

10.24815/jaroe.v4i1.18672 ◽

2021 ◽

Vol 4 (1) ◽

pp. 29-47

Author(s):

Indra Saputra ◽

Etty Murwaningsari

Keyword(s):

Economic Performance ◽

Environmental Performance ◽

Stock Exchange ◽

Secondary Data ◽

Linear Regression Method ◽

Company Performance ◽

Manufacturing Companies ◽

Environmental Disclosure ◽

Corporate Action ◽

Negative Effect

Objective – The purpose of this study is to examine the effect of environmental performance and environmental disclosure on economic performance of the Indonesian listed manufacturing companies by using corporate action as a moderating variable. Design/methodology – This study used secondary data obtained from the official website of the Indonesia Stock Exchange and the Ministry of Environment and Forestry, Indonesia. The sample consisted of manufacturing companies that are listed and follow the Company Performance Rating Assessment Program (Program Penilaian Peringkat Kinerja Perusahaan/PROPER) issued by the Ministry of Environment and Forestry for the period of 2011-2016. The study employed a purposive sampling approach, which includes 22 companies with 132 observations. The multiple linear regression method was used for data analysis. Results – The results indicated that environmental performance has a significant positive effect while environmental disclosure has a significant negative effect on economic performance. The testing of corporate action as a moderating variable demonstrated that it could not strengthen the effect of environmental performance on economic performance. However, it could enhance the effect of environmental disclosure on economic performance.

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Impression Management in Sustainability Reports: An Empirical Investigation of the Use of Graphs

Accounting and the Public Interest ◽

10.2308/apin-10249 ◽

2012 ◽

Vol 12 (1) ◽

pp. 16-37 ◽

Cited By ~ 83

Author(s):

Charles H. Cho ◽

Giovanna Michelon ◽

Dennis M. Patten

Keyword(s):

Public Relations ◽

Impression Management ◽

Environmental Performance ◽

Social Performance ◽

Corporate Sustainability ◽

Sustainability Reporting ◽

Environmental Disclosure ◽

Social And Environmental Disclosure ◽

Sustainability Reports ◽

Social And Environmental Performance

ABSTRACT The purpose of this paper is to investigate whether firms use graphs in their sustainability reports in order to present a more favorable view of their social and environmental performance. Further, because prior research indicates that companies use social and environmental disclosure as a tool to reduce their exposure to social and political pressures (the legitimacy argument), we also examine whether differences in the extent of impression management are associated with differences in social and environmental performance. Based on an analysis of graphs in sustainability reports for a sample of 77 U.S. companies for 2006, we find considerable evidence of favorable selectivity bias in the choice of items graphed, and moderate evidence that where distortion in graphing occurs, it also has a favorable bias. Our results regarding the relation between impression management and performance are mixed. Whereas we find that graphs of social items in sustainability reports for companies with worse social performance exhibit more impression management, no significant relation between environmental performance and impression management in the use of environmental graphs is found. Overall, our results provide additional evidence that corporate sustainability reporting, as it currently exists, appears to be more about fostering positive public relations than providing a meaningful accounting of the social and environmental impacts of the firm.

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Does environmental performance affect companies’ environmental disclosure?

Measuring Business Excellence ◽

10.1108/mbe-04-2015-0019 ◽

2015 ◽

Vol 19 (3) ◽

pp. 42-57 ◽

Cited By ~ 10

Author(s):

Stefano Fontana ◽

Eugenio D'Amico ◽

Daniela Coluccia ◽

Silvia Solimene

Keyword(s):

Regression Analysis ◽

Firm Size ◽

Environmental Performance ◽

Carbon Dioxide Emissions ◽

Stock Exchange ◽

Poor Performance ◽

Environmental Information ◽

Environmental Disclosure ◽

Content Type ◽

Positive Effects

Purpose – This study aims to verify the presence, evolution and determinants of voluntary environmental disclosure from companies listed on the Milan Stock Exchange. The authors examined documentation of listed firms from 2006 and 2009. These years immediately precede and follow Italian legislative decree n. 32/2007, which introduced (albeit on a voluntary basis) disclosure of environment-related company information. Design/methodology/approach – The authors’ approach utilizes multivariate regression analysis. The disclosure index of the years 2006 and 2009 represents the dependent variable. Independent variables include firm size, business industry, public shareholders, legislation and environmental performance. Findings – The results show positive effects on environmental disclosure related to legislative decree n. 32, the presence of government shareholdings in firms’ ownership structure, business industry and firm size. The interrelation between firm size and environmental performance shows that large companies give more information only if they produce more environmental pollution, to legitimize themselves to stakeholders. Research limitations/implications – Despite the authors’ contributions concerning environmental information described in the Introduction, they must express two limitations of their analysis. First, the sample analyzed is quite small (only 44 firms). Second, carbon dioxide emissions was chosen as an indicator of atmospheric pollution, yet emissions information has not been provided by Italian firms (even those that are listed on the Milan Stock Exchange), despite being accepted internationally as a measure of environmental performance in business. In addition, in Italy, there is no database ranking firms on corporate social responsibility (CSR). Practical implications – There are many reasons behind the weak or even negative roles of managers regarding social and environmental disclosure. These reasons include a dearth of resources, the profit imperative, lack of legal requirements, insufficient knowledge or awareness, poor performance and fear of bad publicity. What seems to be a real obstacle is the lack of knowledge about non-financial disclosure – in particular, how to gauge, produce and release information when it comes to a firm’s interaction with environment and society, and this void causes low levels of disclosure and even the absence of such action. Some of the reasons for non-disclosure might be attributed to a lack of awareness and knowledge among corporate managers regarding CSR reporting, in general, and disclosure on eco-justice issues, in particular. Originality/value – The first contribution of this work is to realize, for the first time, a specific analysis on Italian firms’ environmental disclosures. Moreover, the study extends this analysis to all entities’ informative documents. This paper also allows an examination of effects of new legislation that encourages environmental information in a corporation’s financial annual report. Finally, this is the first paper to conduct quantitative analysis on firms in the Italian financial market concerning environmental disclosure, as well as regression analysis to identify determinants of firms’ disclosure.

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EFFECT OF ENVIRONMENTAL PERFORMANCE AND BOARD OF COMMISSIONERS ON ENVIRONMENTAL DISCLOSURES

Assets Jurnal Akuntansi dan Pendidikan ◽

10.25273/jap.v10i1.5984 ◽

2021 ◽

Vol 10 (1) ◽

pp. 1

Author(s):

Erlangga Suryarahman ◽

Huda Trihatmoko

Keyword(s):

Regression Analysis ◽

Environmental Performance ◽

Stock Exchange ◽

Linear Regression Analysis ◽

Multiple Linear Regression Analysis ◽

The Other ◽

Environmental Disclosure ◽

Board Size ◽

Mining Companies ◽

Environmental Disclosures

ABSTRACTThis study aims to obtain empirical evidence about the influence of environmental performance, board size of commissioners, independent commissioners, and the board of commissioners meetings on environmental disclosure. The sample of this study was 81 mining companies participating in PROPER which were listed on the Indonesia Stock Exchange during the 2014-2018 period. Environmental disclosure was assessed with GRI-4 guidelines and data were analyzed using multiple linear regression analysis. The results of this study indicate that environmental performance and independent commissioners have no effect on environmental disclosure, on the other hand, the board size of commissioners and the board of commissioners meeting have an effect on environmental disclosure.ABSTRAKPenelitian ini bertujuan untuk memperoleh bukti secara empiris mengenai pengaruh kinerja lingkungan, ukuran dewan komisaris, komisaris independen dan rapat dewan komisaris terhadap pengungkapan lingkungan. Sampel penelitian ini sebanyak 81 perusahaan pertambangan peserta PROPER yang terdaftar di Bursa Efek Indonesia selama periode 2014-2018. Pengungkapan lingkungan dinilai dengan pedoman GRI-4 dan data dianalisis menggunakan analisis regresi linier berganda. Hasil dari penelitian ini menunjukkan bahwa kinerja lingkungan dan komisaris independen tidak berpengaruh terhadap pengungkapan lingkungan, disisi lain ukuran dewan komisaris dan rapat dewan komisaris berpengaruh terhadap pengungkapan lingkungan.

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