Eco-Efficiency and Energy Audit to Improve Environmental Performance: An Empirical Study of Hotels in Bali-Indonesia

Abstract

This paper examines a conceptual framework that describes the relationship between energy eco-efficiency, energy audit and environmental performance. In this paper, the authors argue that eco-efficiency and energy audits can directly affect environmental performance. This paper examines responses to a survey of general managers in hotel companies registered with the Indonesian Central Bureau of Statistics. The time horizon of data collection is cross-sectional. The hypothesis was tested using a multiple linear regression analysis approach by interpreting the regression model through the value of the significant coefficient to see the partial effect. In general, the proposed framework obtains adequate fit statistics. Furthermore, the results support the argument that eco-efficiency and energy audits positively and significantly affect the company's environmental performance. A limitation of this study relates to the small sample size, as environmental results and energy use are still considered confidential by many hotel companies. A causal relationship could not be confirmed for the results. The instrument used was fully adopted from previous research without unidimensional retesting. This study contributes to the literature-based view of natural resource energy conservation by responding to recent calls to examine energy conservation efforts on environmental performance. These results can be a special reference for policy-making in companies to improve their environmental performance continuously. This study also has important implications for energy conservation practices by describing the potential for energy savings through eco-efficiency and energy audits to improve environmental performance. These results indicate that energy conservation with improved environmental management accounting mechanisms in Indonesia seems to require more pressure as mandated by the government.

Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia

“…Based on the results of this study, it was also found that one of the massive energy conservation efforts carried out by textile companies in East Java is a kind of earth hour activity, where humans for one hour from eight thirty at night to nine thirty at night turn off all electric power except in strategic public places such as hospitals (Saputra et al, 2022). The Government of the Republic of Indonesia continues to strive to spur the development of green industries to prioritize efficiency and effectiveness in the use of resources in a sustainable manner.…”

Impact of Environmental Uncertainty, Trust and Information Technology on User Behavior of Accounting Information Systems

“…Perceptions of ease of use of IT stimulate perceptions of perceived usefulness, attitude, behavioral intention, and actual use. behavior), and further encourage the achievement of better performance (Saputra et al, 2020). Fanny (2015) and Tika (2006) in their research managed to reveal that perceived ease of use has a positive effect on auditor performance in conducting audits.…”

Performance Effectiveness Based on Accounting Information Systems in The Framework of Tourism Villages in Bali

“…If performance decreases, it will gradually threaten the company and result in the company going bankrupt (Lu & Sapra, 2019). In this case, employees are always required to perform even better to effectively and efficiently achieve company goals (Saputra, Subroto, et al, 2022). Business performance measures are used for investment decisions, financing and comparisons by external parties.…”

“…Second, within a destination area, tourist villages tend to develop quantitatively but need more substantial competitiveness. Inspired by the success of one tourist village, other villages are competing to become new tourist destinations (Saputra et al, 2020).…”

“…Organizational efficiency fundamentals have advanced towards a focus on computerized accounting information systems (Vásquez & Naranjo-Gil, 2020). Many companies have started using Accounting Information Systems as a critical strategy to increase organizational efficiency (Saputra, Subroto, et al, 2022). Information systems as an organizational component that manages relevant financial information for decision-making to users.…”