Kinerja Lingkungan Terhadap Kinerja Keuangan Serta Implikasinya Terhadap Nilai Perusahaan

Khairiyani, Khairiyani; Mubyarto, Novi; Mutia, Agustina; Zahara, Anzu Elvia; Habibah, G.W.I Awal

doi:10.30631/iltizam.v3i1.248

Cited by 20 publications

(31 citation statements)

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“…Increased profits can affect the increase in the stock market price of a company so that environmental performance influences the company's market performance (Ralina & Prasetyo, 2019). Abban & Hasan (2021), Lahouel et al (2020), and Khairiyani et al (2019) found that environmental performance is positively associated with firm value. Eisenhardt (1989) put forward three assumptions of human nature: humans are generally selfish, have limited thinking power about the perception of the future, and humans always avoid risk.…”

Section: Hypothesis Developmentmentioning

confidence: 99%

“…Previous research examined market performance using company acquisitions (Sodikin & Sahroni, 2016), intellectual Capital (Nurhayati, 2017), earnings quality (Kusumawati, 2013) (Sintyana & Artini, 2019), capital structure (Sintyana & Artini, 2019), dividend policy (Sintyana & Artini, 2019), leverage (Hardiningsih et al, 2020), growth (William & Sanjaya, 2017, size (Hardiningsih et al, 2020;Sintyana & Artini, 2019;William & Sanjaya, 2017), corporate governance (A. Setiawan, 2016), sustainability disclosure (Ali et al, 2019;Hardiningsih et al, 2020;Karyawati et al, 2017;Muallifin & Priyadi, 2016;Puspitandari & Septiani, 2017;Suhardiyah et al, 2018;Tarigan & Semuel, 2014) and environmental performance (Almalia & Wijayanto, 2007;Horváthová, 2010;Khairiyani et al, 2019;Lahouel et al, 2020;Pujiasih, 2013;Ralina & Prasetyo, 2019).…”

Section: Introductionmentioning

confidence: 99%

“…The implementation of PROPER focuses on companies that significantly impact the environment and are export-oriented, whose production is in direct contact with the community, public companies, including sharia companies, and the SRI-Kehati (Sustainable and Responsible Investment) index (Friani, 2016). Almalia & Wijayanto (2007) conducted research related to environmental performance, while Khairiyani et al (2019), Lahouel et al (2020), Abban & Hasan (2021) tested the effect of environmental performance on market performance using the PROPER measurement and found that there was an effect of environmental performance on the company's market performance (operations and market). Subsequent research by Ralina & Prasetyo (2019) examined the effect of environmental performance on firm value and succeeded in concluding that there was a simultaneous effect.…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Market Response to Companies Sustainability Disclosure and Environmental Performance in Indonesia

Ihsani¹,

Firmansyah

Estutik³

2021

Journal of Accounting and Business Dynamics

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This study aims to examine the impact of sustainability disclosure and environmental performance on market performance. Population of this study is non-financial companies listed in Indonesian Stock Exchange (IDX) from 2015 to 2019. Samples are 32 companies that participated in KLHK PROPER award (or 160 observations). Using multiple linear regression for panel data, this study found that sustainability disclosure is not associated with market performance, while environmental performance is positively associated with market performance. This study indicates that the Indonesia Financial Services Authority and the Ministry of Environment and Forestry need to improve the quality of policies related to sustainability used by companies in the Indonesian Capital Market.

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Section: Hypothesis Developmentmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Market Response to Companies Sustainability Disclosure and Environmental Performance in Indonesia

Ihsani¹,

Firmansyah

Estutik³

2021

Journal of Accounting and Business Dynamics

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“…Several previous studies have also used PBV as a proxy for firm value (Ahmadi, 2017;Cahyaningrum & Antikasari, 2017;Khairiyani, 2018;Khairiyani et al, 2019;Mubyarto, 2019;Ohlson, 2001;Shittu et al, 2016). The analysis of the PBV ratio allows investors to identify stocks with a reasonable price such as those attached to the actual condition of the company's fundamentals or financial performance as well as over-value or under-value prices (Eliza, 2013;Pascayanti et al, 2017).…”

Section: Introductionmentioning

confidence: 99%

The Influence of Profitability on Firm Value with Capital Structure as The Mediator

Mubyarto

2020

JECO

Self Cite

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The purpose of this research was to determine the direct and indirect effect of profitability on firm value using capital structure as a mediator. This involves using panel data from 44 companies listed on LQ45 as of 31st December 2015-2018 and analyzed using the path analysis method including Sobel Test and Bootstrapping technique. The results showed a positive and significant direct effect of profitability on firm value while the indirect effect using capital structure as a mediator between the two variables was found to be negative and significant. Moreover, the direct influence of capital structure on firm value was discovered to be negative and significant while the introduction of profitability variables in the relationship led to a positive and significant influence. Similarly, the direct effect of profitability on firm value using capital structure as the controlling variable was also found to be positive and significant.Keywords: firm value, capital structure, profitabilityPengaruh Profitabilitas Terhadap Nilai Perusahaan dengan Struktur Modal Sebagai MediatorAbstrak: Tujuan dari penelitian ini adalah untuk mengkaji bagaimana pengaruh langsung profitabilitas terhadap nilai perusahaan, dan pengaruh tidak langsung melalui struktur modal sebagai mediator. Menggunakan data panel dari 44 perusahaan yang tercatat di LQ45 per tanggal 31 Desember selama periode 2015 sampai 2018. Metode analisis yang digunakan adalah metode analisis jalur (Path Analysis), dengan Teknik Sobel Test dan Bootsrapping. Hasil riset membuktikan bahwa terdapat pengaruh langsung yang positif dan signifikan antara profitabilitas terhadap nilai perusahaan. Namun, jika dilihat secara tidak langsung pengaruh profitabilitas terhadap nilai perusahaan melalui struktur modal sebagai mediator adalah negatif dan signifikan. Selanjutnya, pengaruh langsung profitabilitas terhadap struktur modal adalah negatif dan signifikan. Sementara ketika dikontrol oleh variabel profitabilitas, pengaruh struktur modal terhadap nilai perusahaan positif dan signifikan. Begitu pula dengan pengaruh langsung profitabilitas terhadap nilai perusahaan dengan mengontrol variabel struktur modal juga positif dan signifikan.Kata kunci: nilai perusahaan, struktur modal, profitabilitas

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“…Menurut Yulianty & Nugrahanti (2020) sustainability reporting (laporan berkelanjutan) berpengaruh signifikan terhadap nilai perusahaan melalui kinerja keuagan yang diproksikan oleh likuiditas, profitabilitas, dan DuPont System. Selain itu, Khairiyani et al (2019) menyatakan bahwa kinerja lingkungan yang tercermin dalam skala PROPER berdampak pada kinerja keuangan. PBV dan Tobin's Q mencerminkan dampak kinerja lingkungan terhadap nilai perusahaan.…”

Section: H3: Profitabilitas Berpengaruh Signifikan Terhadap Nilai Perusahaanunclassified

Penerapan Green Accounting dan Corporate Social Responsibility Disclosure Terhadap Nilai Perusahaan Melalui Profitabilitas

Erlangga

Fauzi

Sumiati

2021

Study of Accounting

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This study aims to provide an overview of Green Accounting, disclosure of corporate social responsibility, company profitability and company value in manufacturing companies listed on the Indonesia Stock Exchange in 2019. The research method used is quantitative method with descriptive and verification methods. The sample of this research is 200 manufacturing companies listed on the Indonesia Stock Exchange in 2019. The data analysis method used in this study is the expansion path analysis of simple and multiple regression analysis, single test, multiple correlation coefficient (R) analysis, and coefficient of determination. While the hypothesis testing used is the statistical method of partial test (t test), simultaneous test (f test) and Sobel significant test using Eviews version 10 Enterprise. The results showed that there was a positive and significant effect on the implementation of Green Accounting and Corporate Social Responsibility Disclosure on the profitability and firm value. Profitability also significantly affected firm value, but the mediating effect of the profitability variable did not occur.

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Kinerja Lingkungan Terhadap Kinerja Keuangan Serta Implikasinya Terhadap Nilai Perusahaan

Cited by 20 publications

References 0 publications

Market Response to Companies Sustainability Disclosure and Environmental Performance in Indonesia

Market Response to Companies Sustainability Disclosure and Environmental Performance in Indonesia

The Influence of Profitability on Firm Value with Capital Structure as The Mediator

Penerapan Green Accounting dan Corporate Social Responsibility Disclosure Terhadap Nilai Perusahaan Melalui Profitabilitas

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