The Effects of Environmental Cost, Environmental Disclosure and Environmental Performance on Company Value with an Independent Board of Commissioners as Moderation

Abstract

Company value is one of the most important indicators to increase the company's competitiveness in the midst of very tight business competition. This study aims to determine the effects of Environmental Cost, Environmental Disclosure, Environmental Performance on Company Value with an Independent Board of Commissioners as Moderation partially and simultaneously. This research was conducted on the Indonesia Stock Exchange in 2018-2021. Purposive sampling was used as the sampling method and 14 companies were obtained. Multicollinearity test and heteroscedasticity test were used as the classical assumption test. Eviews 9 software with panel data regression analysis was used to test the hypothesis. Based on the results of the study, it was found that Environmental Costs have a negative effect on Company Value, Environmental Disclosure has no effects on Company Value, Environmental Performance has no effects on Company Value, Environmental Costs have negative effects on Value Companies with an Independent Board of Commissioners as Moderation, Environmental Disclosure has no effect on Company Value with an Independent Board of Commissioners as Moderation, and Environmental Performance has no effects on Company Value with an Independent Board of Commissioners as Moderation.

Exploring How Environmental Accounting Impact Company Value: A Literature Review

“…The impact of environmental costs on corporate value can vary and be complex, depending on factors such as industry sector, corporate strategy, and stakeholder perceptions. Environmental costs encompass a wide range, from tangible expenses like waste disposal to addressing uncertainties, and they are closely linked to crucial aspects of effective management decision-making, including products, processes, systems, or facilities (Hidayat et al, 2023). These costs, arising or potentially arising due to subpar environmental quality, are intricately connected to activities involving the creation, detection, improvement, and prevention of environmental degradation.…”

Pengaruh Pengungkapan Emisi Karbon, Biaya Lingkungan, dan Good Corporate Governance terhadap Nilai Perusahaan

“…Pasaribu et al, (2023) dalam penelitiannya menyatakan bahwa variabel biaya lingkungan dan nilai perusahaan memiliki hubungan yang positif. Sedangkan, Hidayat et al, (2023) dalam penelitiannya menyatakan bahwa biaya lingkungan memiliki pengaruh yang signifikan negatif terhadap nilai perusahaan. Setyawati & Yusuf Nugroho, (2023) menyatakan bahwa good corporate governance memiliki pengaruh yang signifikan positif terhadap nilai perusahaan.…”

Pengaruh Penghindaran Pajak Dan Tata Kelola Perusahaan Terhadap Manajemen Laba Dengan Tanggung Jawab Sosial Sebagai Variabel Moderasi

“…Komponen organisasi tata kelola perusahaan yang baik mencakup komisaris independen (Fitroni & Feliana, 2022;Sari et al, 2021), dengan menjalankan fungsi pengawasan secara maksimal (Hidayat et al, 2023). Komisaris independen adalah dewan yang terpilih memenuhi standar dan berasal dari luar perusahaan (Ayem & Yuliana, 2019).…”