Faktor-Faktor Yang Mempengaruhi Kinerja Keuangan Dengan Environmental Performnace Sebagai Variabel Intervening

Usman Mustofa; Agung Dharmawan Buchdadi; Umi Widyastuti

doi:10.24912/je.v28i2.1650

Authors

Usman Mustofa Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia
Agung Dharmawan Buchdadi Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia
Umi Widyastuti Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia

DOI:

https://doi.org/10.24912/je.v28i2.1650

Keywords: Environmental Performance; Institutional Ownership; Borad Of Comissioner; Firm Size; Financial Performance; ROA.

Abstract

This study uses a proxy assessment of environmental performance by PROPER-participating firms. The research focuses on an Indonesia Stock Exchange-traded company that will be evaluated as part of the PROPER program between 2019 and 2022. The study found that environmental performance was positively related to return on asset (ROA) and that it was not able to mediate the relationship between the board of commissioners and financial performance. Institutional ownership factors had no effect on environmental performance.

Author Biographies

Usman Mustofa, Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia

usmanmustofa19@gmail.com

Agung Dharmawan Buchdadi, Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia

abuchdadi@unj.ac.id

Umi Widyastuti, Fakultas Ekonomi, Universitas Negeri Jakarta, Jakarta, Indoensia

umiwidyastuti_feunj@unj.ac.id

References

Adiwuri, D., dan Nurleli. (2022). Pengaruh Pengungkapan Akuntansi Lingkungan dan Mekanisme Good Corporate Governance terhadap Kinerja Lingkungan. Jurnal Riset Akuntansi, 8–15. https://doi.org/10.29313/jra.v2i1.670.

Ahdika, A. (2021). Improvement of Quality, Interest, Critical, and Analytical Thinking Ability of Students through the Application of Research Based Learning (RBL) in Introduction to Stochastic Processes Subject. International Electronic Journal of Mathematics Education, 12(2), 167–191.

Alareeni, B. A., dan Hamdan, A. (2020). ESG Impact On Performance Of US SdanP 500-Listed Firms. Corporate Governance (Bingley), 20(7), 1409–1428. https://doi.org/10.1108/CG-06-2020-0258.

Alex, M. K., dan Ngaba, D. (2018). Effect of Firm Size on Financial Performance on Banks: Case of Commercial Banks in Kenya. International Academic Journal of Economics and Finance, 3(1), 175–190. http://www.iajournals.org/articles/iajef_v3_i1_175_190.pdf.

Azzahra, S. (2019). Pengaruh Firm Size Dan Leverage Ratio Terhadap Kinerja Keuangan Pada Perusahaan Pertambangan. 9(April), 13–20. Journal JWIEM MIKROSKILL.

Dewi, S. N. (2019). Pengaruh Kinerja Lingkungan Terhadap Kinerja Keuangan dengan Corporate Sosial Responbiity Sebagai Variabel Intervening. Jurnal Ekonomi Manajemen Sumber Daya, 21(2), 144–150.

Dikah, E., Handayani, T., dan Wahyudin, A. (2020). The Role of Financial Performance in Increasing Environmental Performance with Firm Size as Moderating Variable. 9(3), 193–199. https://doi.org/10.15294/aaj.v9i3.42093.

Firmanda, E., Munthe, I. L. S., dan Manik, T. (2018). Pengaruh Kepemilikan Manajerial, Kepemilikan Institusional, Kepemilikan Asing, Kepemilikan Publik Terhadap Kinerja Lingkungan Pada Perusahaan Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2012-2015. Jurnal Repositori Umrah, Februari(1), 1–26. https://jurnal.umrah.ac.id/archives/6783.

Ghozali, I. (2021). Partial Least Square Konsep, Teknik, dan Aplikasi Menggunakan Program Program SmartPLS 3.2.9 Untuk Penelitian Empiris.Edisi 3. Semarang: Badan Penerbit Undip.

Hoang, T. V. H., Dang, N. H., Tran, M. D., van Vu, T. T., dan Pham, Q. T. (2019). Determinants influencing financial performance of listed firms: Quantile regression approach. International Journal of English Language and Literature Studies, 9(1), 78–90. https://doi.org/10.18488/journal.aefr.2019.91.78.90.

Hu, Y. Y., Zhu, Y., Tucker, J., dan Hu, Y. (2018). Ownership Influence And CSR Disclosure In China. Accounting Research Journal, 31(1), 8–21. https://doi.org/10.1108/ARJ-01-2017-0011.

Kinansih, L. P., dan Asrori. (2020). Determinant Environmental Disclosure with Environmental Performance as an Intervening Variable. Gorontalo Accounting Journal, 3(1), 55–67.

Li, R., dan Ramanathan, R. (2018). Impacts Of Industrial Heterogeneity And Technical Innovation On The Relationship Between Environmental Performance And Financial Performance. Sustainability (Switzerland), 10(5). https://doi.org/10.3390/su10051653.

Mauliddina, S. (2018). Pengaruh Environmental Performance, ISO 14001 dan Environmental Cost Terhadap Kinerja Keuangan Perusahaan Manufaktur. In UIN Syarif Hidayatullah.

Nguyen, T. H., Vu, Q. T., Nguyen, D. M., dan Le, H. L. (2021). Factors Influencing Corporate Social Responsibility Disclosure And Its Impact On Financial Performance: The Case Of Vietnam. Sustainability (Switzerland), 13(15), 1–16. https://doi.org/10.3390/su13158197.

Saputra, M. F. M. (2020). Pengaruh Kinerja Lingkungan Dan Biaya Lingkungan Terhadap Kinerja Keuangan Dengan Pengungkapan Lingkungan Sebagai Variabel Intervening (Studi Empiris Pada Perusahaan Pertambangan Yang Terdaftar di BEI Tahun 2014-2018. Jurnal Riset Akuntansi Tirtayasa, 5(2), 123–138. https://doi.org/10.48181/jratirtayasa.v5i2.8956.

Suryarahman, E., dan Trihatmoko, H. (2021). Effect of Environmental Performance and Board of Commissioners on Environmental Disclosures. Assets: Jurnal Akuntansi Dan Pendidikan, 10(1), 1. https://doi.org/10.25273/jap.v10i1.5984.

Tarighi, H., Appolloni, A., Shirzad, A., dan Azad, A. (2022). Corporate Social Responsibility Disclosure (CSRD) and Financial Distressed Risk (FDR): Does Institutional Ownership Matter? Sustainability (Switzerland), 14(2). https://doi.org/10.3390/su14020742.

Utomo, M. N., Wahyudi, S., Muharam, H., dan Sianturi, J. A. T. P. (2018). Commissioner Board Monitoring To Create Firm Performance Through Environmentally Friendly Management. Journal of Environmental Management and Tourism, 9(3), 659–676. https://doi.org/10.14505/jemt.9.3(27).26.