Strategy to increase company value through the implementation of green accounting, CSR and ESG for listing companies on the IDX
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Published:
Aug 30, 2024
Keywords:
CSR, Company Value, ESG, Green Accounting
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Economy
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Abstract
Currently, the number of corporations in Indonesia that care about and enter the green industry category and implement green accounting is already large. However, if the phenomenon is seen from the realization of CSR in Indonesia, it can be said that what companies have done, especially in implementing CSR programs and making reports, cannot be said to be a company that has implemented green accounting. The existence of a capitalist market system has made the behavior of market players arbitrary and even excessive in the exploitation of natural resources and the environment. The failure of the market system to discipline and regulate market players' behavior has resulted in the behavior of market players becoming excessive/greedy towards society and the environment just to reap huge profits and increase the level of economic growth even higher. This bad behavior causes ecological crises such as environmental damage, environmental pollution and uncontrolled pollution, global warming, climate change, the environmental greenhouse effect and so on to become increasingly severe and widespread. The aim of the research is to analyze the influence of the use of technology and modernization of the tax administration system on taxpayer compliance in increasing economic growth. This research method isquantitative research. The design of this research uses a cross sectionaldesign method with a sampling technique using purposive sampling. The results of this research showed that Green Accounting, Corporate Social Responsibility (CSR)and Environmental, Social, and Governance (ESG) influences company value
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Aristantya, S. . and Lubis, I. T. (2024) “Strategy to increase company value through the implementation of green accounting, CSR and ESG for listing companies on the IDX”, Jurnal Mantik, 8(2), pp. 961-968. doi: 10.35335/mantik.v8i2.5338.
References
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Wang, Y. Z., & Ahmad, S. (2024). Green process innovation, green product innovation, leverage, and corporate financial performance; evidence from system GMM. Heliyon, 10(4), e25819. https://doi.org/10.1016/j.heliyon.2024.e25819
Alareeni, B. A., & Hamdan, A. (2020). ESG impact on performance of US S&P 500-listed firms. Corporate Governance (Bingley), 20(7), 1409–1428. https://doi.org/10.1108/CG-06-2020-0258
Aristantya, S. (2023). Enrichment?: Journal of Management Analysis of preparation of financial statements based on. Enrichment: Journal of Management, 12(6).
Bhattacharya, S., & Sharma, D. (2019). Do environment, social and governance performance impact credit ratings: a study from India. International Journal of Ethics and Systems, 35(3), 466–484. https://doi.org/10.1108/IJOES-09-2018-0130
Choiriah, S., & Lysandra, S. (2023). Effect of Green Accounting, Quality Management on Financial Performance, and Green Innovation as Moderation Variables. Journal of Economics, Finance and Management Studies, 06(07), 3534–3542. https://doi.org/10.47191/jefms/v6-i7-61
de Souza Barbosa, A., da Silva, M. C. B. C., da Silva, L. B., Morioka, S. N., & de Souza, V. F. (2023). Integration of Environmental, Social, and Governance (ESG) criteria: their impacts on corporate sustainability performance. Humanities and Social Sciences Communications, 10(1), 1–18. https://doi.org/10.1057/s41599-023-01919-0
ENDIANA, I. D. M., DICRIYANI, N. L. G. M., ADIYADNYA, M. S. P., & PUTRA, I. P. M. J. S. (2020). The Effect of Green Accounting on Corporate Sustainability and Financial Performance. Journal of Asian Finance, Economics and Business, 7(12), 731–738. https://doi.org/10.13106/jafeb.2020.vol7.no12.731
Hussain, I., Nazir, M., Hashmi, S. B., Di Vaio, A., Shaheen, I., Waseem, M. A., & Arshad, A. (2021). Green and sustainable entrepreneurial intentions: A mediation-moderation perspective. Sustainability (Switzerland), 13(15), 1–13. https://doi.org/10.3390/su13158627
Indriastuti, M., & Mutamimah, M. (2023). Green Accounting and Sustainable Performance of Micro, Small, and Medium Enterprises: The Role of Financial Performance as Mediation. The Indonesian Journal of Accounting Research, 26(02), 249–272. https://doi.org/10.33312/ijar.691
Jeanice, J., & Kim, S. S. (2023). Pengaruh Penerapan ESG Terhadap Nilai Perusahaan di Indonesia. Owner, 7(2), 1646–1653. https://doi.org/10.33395/owner.v7i2.1338
Joesoef, N. (2022). A new decade for social changes. Technium Social Sciences Journal, 7, 592–624. https://techniumscience.com/index.php/socialsciences/article/view/332/124
Kartika, F., Dermawan, A., & Hudaya, F. (2023). Pengungkapan environmental, social, governance (ESG) dalam meningkatkan nilai perusahaan publik di Bursa Efek Indonesia. SOSIOHUMANIORA: Jurnal Ilmiah Ilmu Sosial Dan Humaniora, 9(1), 29–39. https://doi.org/10.30738/sosio.v9i1.14014
Lubis, I. T. (2019). Pengaruh Karakteristik Komite Audit , Struktur Kepemilikan Dan Return On Investment Terhadap Prediksi Kebangkrutan Pada Perusahaan Perdagangan Yang Terdaftar Di Bursa Efek Indonesia. Ready Star, 2(1), 292–299.
Lubis, I. T., Ningsi, E. H., Aristantya, S., Rizki, I. H., & Kaur, M. (2020). Pengaruh Firm Size, Likuiditas, dan Kepemilikan Manajerial Terhadap Dividen Payout Ratio pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia (BEI). Jurnal Ilmiah Simantik, 4(2), 232–241.
Mohammad, W. M. W., & Wasiuzzaman, S. (2021). Environmental, Social and Governance (ESG) disclosure, competitive advantage and performance of firms in Malaysia. Cleaner Environmental Systems, 2(September 2020), 100015. https://doi.org/10.1016/j.cesys.2021.100015
Muniroh, M., Nursasi, E., & Triani, T. (2023). Pengaruh Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Sustainable Deveopment Dengan Profitabilitas Sebagai Variabe Moderasi. Akses?: Journal of Publik & Business Administration Science, 5(2), 28–39. https://doi.org/10.58535/jasm.v5i2.42
Puspita, N., & Jasman, J. (2022). Pengaruh Laporan Keberlanjutan (Sustainability Report) Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Moderasi. KRISNA: Kumpulan Riset Akuntansi, 14(1), 63–69. https://doi.org/10.22225/kr.14.1.2022.63-69
Rahmaniati, N. P. G., & Ekawati, E. (2024). The role of Indonesian regulators on the effectiveness of ESG implementation in improving firms’ non-financial performance. Cogent Business and Management, 11(1). https://doi.org/10.1080/23311975.2023.2293302
Riyadh, H. A., Al-Shmam, M. A., Huang, H. H., Gunawan, B., & Alfaiza, S. A. (2020). The analysis of green accounting cost impact on corporations financial performance. International Journal of Energy Economics and Policy, 10(6), 421–426. https://doi.org/10.32479/ijeep.9238
Samrat Ray, Sumitra Roy, & Anil Varma. (2023). Impact of innovative marketing strategy behind Balaji wafers brand profitability in Pune city. World Journal of Advanced Research and Reviews, 20(1), 1240–1250. https://doi.org/10.30574/wjarr.2023.20.1.2140
Senadheera, S. S., Gregory, R., Rinklebe, J., Farrukh, M., Rhee, J. H., & Ok, Y. S. (2022). The development of research on environmental, social, and governance (ESG): A bibliometric analysis. Sustainable Environment, 8(1). https://doi.org/10.1080/27658511.2022.2125869
Shahzad, F., Baig, M. H., Rehman, I. U., Saeed, A., & Asim, G. A. (2022). Does intellectual capital efficiency explain corporate social responsibility engagement-firm performance relationship? Evidence from environmental, social and governance performance of US listed firms. Borsa Istanbul Review, 22(2), 295–305. https://doi.org/10.1016/j.bir.2021.05.003
Sugiyono. (2018). Sugiyono Metode Penelitian Kuantitatif Kualitatif. Metode Penelitian Kuantitatif Kualitatif.
Susanti, I. D., Hertati, L., & Putri, A. U. (2023). the Effect of Green Accounting and Environmental Performance on Company Profitability. Cashflow?: Current Advanced Research on Sharia Finance and Economic Worldwide, 2(2), 320–331. https://doi.org/10.55047/cashflow.v2i2.552
Wang, Y. Z., & Ahmad, S. (2024). Green process innovation, green product innovation, leverage, and corporate financial performance; evidence from system GMM. Heliyon, 10(4), e25819. https://doi.org/10.1016/j.heliyon.2024.e25819
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