ECO-EFFICIENCY TERHADAP NILAI PERUSAHAAN DENGAN DIMEDIASI PROFITABILITAS DAN DIMODERASI FIRM SIZE

Suci Atiningsih, Taufiq Andre Setiyono

Abstract


The aim of this research is to empirically examine the effect of eco-efficiency on firm value mediated by profitability and moderated by firm size. The population in this study are manufacturing companies listed on the Indonesia Stock Exchange for the 2018-2020 period. The sampling technique used purposive sampling and obtained a company with a total sample of 249 samples. Hypothesis testing using multiple regression analysis. The results of this study are eco-efficiency and profitability have an effect on firm value, profitability cannot mediate the effect of eco-efficiency on firm value, and firm size can moderate the effect of eco-efficiency on firm value. The contribution of this research is to provide input for companies and also for external parties in making decisions related to eco-efficiency management and its impact on company value. The limitations of this study are that the research object used is limited to manufacturing companies listed on the Indonesia Stock Exchange, so that the sample used is less broad and cannot accurately describe the extent of company value in Indonesia.

 


Keywords


eco-efficiency, profitabilitas, firm size, nilai perusahaan

Full Text:

PDF

References


Ali, J., Faroji, R., & Ali, O. (2021). Pengaruh Profitabilitas Terhadap Nilai Perusahaan (Studi Empiris Pada Perusahaan Sektor Industri Barang Konsumsi Di Bursa Efek Indonesia Tahun 2017-2019). Jurnal Neraca Peradaban, Vol 1(No 2), 128–135.

Amalia, G., Rosdiana, Y., & Nurleli. (2017). Pengaruh Eko-Efisiensi Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderating Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia (BEI). Prosiding Akuntansi, Vol 3(No 2), 251–259.

Aradros, P. (2018). Why Does The Diffusion Of Environmental Management Standards Differ Across Countries? The Role Of Formal And Informal Institutions in Adoption Of ISO 14001. Journal of World Business, Vo. 53(No.6), 850–861.

Brigham, E. F., & Houston, J. F. (2018). Dasar-Dasar Manajemen Keuangan (M. Masykur (ed.); Edisi 14). Salemba Empat.

Burrit, R. L., & Saka, C. (2006). Environmental Management Accounting Applications and Eco-efficiency: Case Studies From Japan. Journal of Cleaner Production, 14, 1262–1275.

Damas, D., Maghviroh, R. El, & Meidiyah. (2021). Pengaruh Eco-Efficiency, Green Inovation dan Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Moderasi. Jurnal Magister Akuntansi Trisakti, Vol 8(No 2), 85–108.

Dash, S. R., Sethi, M., & Swan, R. K. (2023). Financial Condition, Working Capital Policy and Profitability: Evidence from Indian Companies. Journal of Indian Business Research, 01.

DeSimone, L. D., & Popoff, F. (2000). Eco?Efficiency: The Business Link to Sustainable Development. International Journal of Sustainability in Higher Education, Vol 1(3), 305–308.

Fiedler, F. E. (1964). A Contingency Model of Leadership Effectiveness. Advances in Experimental Social Psychology, Vol 1, 149–190.

Ghozali, I. (2021). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25.

Hansen, & Mowen. (2007). Akuntansi Manajerial (Edisi 8). Salemba Empat.

Hartini, N. . (2018). Pengaruh Eco-efficiency Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi. E-Journal IAIN Surakarta, 6(4), 421–428.

Junardi. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Nilai Perusahaan Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. JURKAMI: Jurnal Pendidikan Ekonomi, Vol 4(No.2), 68–79.

Kasmir. (2019). Analisis Laporan Keuangan (Edisi Satu). PT Raja Grafindo Persada.

Kieso, Weygandt, & Warfield. (2008). Pengenalan Laporan Keuanga (Ketiga). Salemba Empat.

Komalasari, S. N. (2021). Pengaruh Eco-efficiency Terhadap Nilai Perusahaan Dengan Profitabilitas dan Leverage Sebagai Variabel Moderasi. Naskah Publikasi. 6(4), 421–428.

Kurnianta, B., & Dianawati, W. (2021). The Impact of Eco-efficiency on Firm Value and Firm Size as teh Moderating Variable. Review of International Geographical Education Online, Vol. 11(No. 4), 522–530.

Lesmana, W., & Kesaulya, F. A. (2022). Peranan Ukuran Perusahaan Dalam Memoderasi Pengaruh Eco-Efficiency Terhadap Nilai Perusahaan. Jurnal Informasi Akuntansi (JIA), Vol 1(No 2), 54–70.

Matarazzo, A., Maria, T. C., Carlo, & Francesco. (2013). Corporate Eco-efficiency and Financial Performance. International Journal of Current Engineering and Technology, Vol. 3(No.2), 517–523.

Nasih, M., Harymawan, I., Paramitasari, Y. I., & Handayani, A. (2019). Carbon Emissions, Firm Size, and Corporate Governance Structure: Evidence From The Mining And Agricultural Industries in Indonesia. Sustainability. 11(9), 1–14.

Nasution, F., & Utomo, C. (2020). Annual Report Manulife Indonesia.

Orij, R. (2007). Corporate Social Disclosures and Accounting Theories. European Accounting Association, 1–21.

Osazuwa, N. P., & Che-Ahmad, A. (2016). The Moderating Effect of Profitability and Leverage on The Relationship Between Eco-Efficiency and Firm Value in Publicly Traded Malaysian Firms. SOCIAL RESPONSIBILITY JOURNAL, Vol 12(No 2), 295–306.

Panggau, N. D., & Septiani, A. (2017). Pengaruh Eco-efficiency terhadap Nilai Perusahaan dengan Leverage dan Profitabilitas sebagai Variabel Moderasi. Diponegoro Journal of Accounting, Vol 6, 1–8.

Rajan, R. G., & Zingales, L. (1995). What Do We Know about Capital Structure? Some Evidence from International Data. The Journal of Finance, Vol 50(5), 1421–1460.

Satrio, D., & Kunto, S. (2019). Relationship Between Eco-Efficiency on Firm Value Moderated With Profitability and Leverage. Jurnal Ekonomi Dan Bisnis, Vol 3(No 1), 242–252.

Sinkin, C., J., C., & Burnett, R. D. (2008). Eco-efficiency and firm value. Journal of Accounting and Public Policy, Vol 27, 167–176.

Wijst, N. Van der. (2008). The Financing Structure of Non-Listed Firms. Applied Financial Economics, Vol 18(7), 559–568.




DOI: https://doi.org/10.32502/jab.v8i1.5991

Refbacks

  • There are currently no refbacks.


Program Studi Akuntansi Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Palembang

Jl. Jenderal A. Yani 13 Ulu, Seberang Ulu II, Palembang (30263), Indonesia.

Indexed by :