The Effect Of Green Accounting, Corporate Social Responsibility, And Enviromental Social Governance On Company Profitability
Abstract
This study aims to examine the effect of environmental social governance (ESG), corporate social responsibility (CSR), and green accounting on the profitability of mining companies listed on the Indonesia Stock Exchange (IDX) for 2020-2023 using quantitative methods with secondary data obtained from the official IDX website. The sampling technique used was purposive sampling, which obtained a sample of 11 companies out of 94 total companies. The research findings show that Green Accounting has a positive and significant effect on the profitability of mining companies. However, CSR and ESG do not significantly affect the profitability of mining sector companies. This study provides important insights into the implementation of Green Accounting as a contributing factor in increasing the profitability of mining sector companies, as well as providing insight into the role of CSR and ESG in the context of profitability.
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References
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Dewi, Putu Purnama, and I P Edward Narayana. 2020. “Implementasi Green Accounting, Profitabilitas Dan Corporate Social Responsibility Pada Nilai Perusahaan.” E-Jurnal Akuntansi 30(12): 3252.
DINARJITO, Agung. 2024. “ESG as an Important Factor of Company Profitability and as a Moderation of Corporate Value.” International Journal of Environmental, Sustainability, and Social Science 5(1): 9–19.
Fadila, Oktaviani Nur, and Sri Utiyati. 2016. “Pengaruh Corporate Social Responsibility Terhadap Profitabilitas Dan Likuiditas Pada Perusahaan Tobacco Manufactures.” Jurnal Ilmu dan Riset Manajemen (JIRM) 5(7).
Fatemi, Ali, Iraj Fooladi, and Hassan Tehranian. 2018. “Corporate Sustainability and Firm Valuation: The Moderating Role of ESG Disclosure.” International Review of Financial Analysis 54: 173–184.
Freeman, R Edward, Bobby Parmar, Jeffrey S Harrison, and A. C. Purnell. 2010. Stakeholder Theory: The State of the Art. United Kingdom: Cambridge University Press.
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Hery. 2018. Analisis Laporan Keuangan. Jakarta: Grasindo.
Indrawan, Danu Candra, and Siti Mutmainah. 2011. “Pengaruh Corporate Social Responsibility Terhadap Kinerja Perusahaan.” Universitas Diponegoro.
Kasmir. 2019. Manajemen Sumber Daya Manusia: Teori Dan Praktik. Jakarta: Raja Grafindo Persada.
Khan, Mozaffar, George Serafeim, and Aaron Yoon. 2016. “Corporate Sustainability: First Evidence on Materiality.” The accounting review 91(6): 1697–1724.
Kholmi, Masiyah, and Saskia An Nafiza. 2022. “Pengaruh Penerapan Green Accounting Dan Corporate Social Responsibility Terhadap Profitabilitas (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2018-2019).” Reviu Akuntansi Dan Bisnis Indonesia 6(1): 143–55.
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Pratiwi, Nurunnisa, and Yuliastuti Rahayu. 2018. “Pengaruh Penerapan Green Accounting Terhadap Pertumbuhan Harga Saham Dengan Profitabilitas Sebagai Variabel Moderating.” Jurnal Ilmu dan Riset Akuntansi (JIRA) 7(8).
Putri, Ayu Mayshella, Nur Hidayati, and Moh Amin. 2019. “Dampak Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Profitabilitas Perusahaan Manufaktur Di Bursa Efek Indonesia.” e_Jurnal Ilmiah Riset Akuntansi 8(04).
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Sapulette, Shella Gilby, and Franco Benony Limba. 2021. “Pengaruh Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Nilai Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2018-2020.” Kupna Akuntansi: Kumpulan Artikel Akuntansi 2(1): 31–43.
Sari, Nada Rosyidah, and Endah Tri Wahyuningtyas Endah Tri Wahyuningtyas. 2020. “Studi Penerapan Green Accounting Dan Pengungkapan Sustainability Reporting Terhadap Profitabilitas.” In PROSIDING NATIONAL CONFERENCE FOR UMMAH,.
Sebrina, Nurzi, Salma Taqwa, Mayar Afriyenti, and Dovi Septiari. 2023. “Analysis of Sustainability Reporting Quality and Corporate Social Responsibility on Companies Listed on the Indonesia Stock Exchange.” Cogent Business & Management 10(1): 2157975.
Shakil, Mohammad Hassan, Nihal Mahmood, Mashiyat Tasnia, and Ziaul Haque Munim. 2019. “Do Environmental, Social and Governance Performance Affect the Financial Performance of Banks? A Cross-Country Study of Emerging Market Banks.” Management of Environmental Quality: An International Journal 30(6): 1331–44.
Singh, Kuldeep, Pramod Aggarwal, and Trilok Mathur. 2021. “Examining the Impact of Green Accounting on the Profitability of Firms: A Review and Empirical Insights.” Environmental Economics and Policy Studies 23(3): 531–48.
Stobierski. 2022. “WHAT IS SUSTAINABLE INVESTING?” online.hbs.edu. https://online.hbs.edu/blog/post/sustainable-investing.
Suharsono, Sony. 2020. “The Effect of Corporate Social Responsibility on Financial Performance: A Study on Indonesian Companies.” Journal of Business and Economic Research 18(1): 13–24.
Sulistiawati, Eka, and Novita Dirgantari. 2016. “Analisis Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Reviu Akuntansi Dan Keuangan 6(1).
Usti, Icha Puji, and Hendra Harmain. 2023. “Pengaruh Penerapan Green Accounting Dan CSR Terhadap Profitabilitas Pada PT. Carsurindo Siperkasa.” Management Studies and Entrepreneurship Journal (MSEJ) 4(4): 4486–98.
Velte, Patrick. 2017. “Does ESG Performance Have an Impact on Financial Performance? Evidence from Germany.” Journal of global responsibility 8(2): 169–78.
Wicaksono, Dewanto Putra. 2021. “Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Yang Dimediasi Oleh Reputasi Perusahaan.” Jurnal Ilmiah Mahasiswa FEB 9(2).
Wirawan, Yasa. 2010. “Pengaruh Corporate Social Responsibility Terhadap Kinerja Perusahaan Yang Diproksi Dengan Return on Equity (ROE).” E-Jurnal Akuntansi Universitas Udayana 4(2): 388–405.
Amin, Choirul, and Hexana Sri Lastanti. 2020. “Pengaruh Corporate Social Responsibilty Terhadap Profitabilitas Dan Value Creation Dengan Good Corporate Governance Sebagai Variabel Mediasi.” Jurnal Akuntansi Trisakti 7(2): 339.
Aydougmucs, Mahmut, Güzhan Gülay, and Korkmaz Ergun. 2022. “Impact of ESG Performance on Firm Value and Profitability.” Borsa Istanbul Review 22: S119--S127.
Bain, and Company. 2023. “Sustainability and ESG in 2023: Looking Ahead Through the Eyes of Investors.” https://www.bain.com. https://www.bain.com.
Busch, Timo, and Alexander Bassen. 2015. “The Impact of Corporate Sustainability on Financial Performance: A Meta-Analysis of Empirical Studies.” Journal of Business Ethics 127(3): 623–41.
Chasbiandani, Tryas, Nelyumna Rizal, and Indra Indra Satria. 2019. “Penerapan Green Accounting Terhadap Profitabilitas Perusahaan Di Indonesia.” AFRE (Accounting and Financial Review) 2(2): 126–32.
Dewi, Putu Purnama, and I P Edward Narayana. 2020. “Implementasi Green Accounting, Profitabilitas Dan Corporate Social Responsibility Pada Nilai Perusahaan.” E-Jurnal Akuntansi 30(12): 3252.
DINARJITO, Agung. 2024. “ESG as an Important Factor of Company Profitability and as a Moderation of Corporate Value.” International Journal of Environmental, Sustainability, and Social Science 5(1): 9–19.
Fadila, Oktaviani Nur, and Sri Utiyati. 2016. “Pengaruh Corporate Social Responsibility Terhadap Profitabilitas Dan Likuiditas Pada Perusahaan Tobacco Manufactures.” Jurnal Ilmu dan Riset Manajemen (JIRM) 5(7).
Fatemi, Ali, Iraj Fooladi, and Hassan Tehranian. 2018. “Corporate Sustainability and Firm Valuation: The Moderating Role of ESG Disclosure.” International Review of Financial Analysis 54: 173–184.
Freeman, R Edward, Bobby Parmar, Jeffrey S Harrison, and A. C. Purnell. 2010. Stakeholder Theory: The State of the Art. United Kingdom: Cambridge University Press.
Friedman, Milton. 1970. “The Social Responsibility of Business Is to Increase Its Profits. The New York Times Magazine.” www.nytimes.com. https://www.nytimes.com/1970/09/13/archives/a-friedman-doctrine-the-social-responsibility-of-business-is-to.html (September 3, 2024).
Ghazali, Andi, and Zulmaita Zulmaita. 2022. “Pengaruh Pengungkapan Environmental, Social, and Governance (Esg) Terhadap Tingkat Profitabilitas Perusahaan (Studi Pada Perusahaan Sektor Infrastruktur Yang Terdaftar Di Bursa Efek Indonesia).” In Seminar Nasional Akuntansi Dan Manajemen PNJ,.
Ghozali, Imam. 2020. 25 Grand Theory. Yogyakarta: Deepublish.
Global Energy Monitor. 2023. “Methane Emissions from Coal Mining in Indonesia.” globalenergymonitor.org.
Hartono, Edi. 2018. “Implemetasi Pengungkapan Corporate Social Responsibility Pada Perusahaan Sektor Industri Dasar Dan Kimia.” Jurnal Kajian Akuntansi 2(1): 108–22.
Hery. 2018. Analisis Laporan Keuangan. Jakarta: Grasindo.
Indrawan, Danu Candra, and Siti Mutmainah. 2011. “Pengaruh Corporate Social Responsibility Terhadap Kinerja Perusahaan.” Universitas Diponegoro.
Kasmir. 2019. Manajemen Sumber Daya Manusia: Teori Dan Praktik. Jakarta: Raja Grafindo Persada.
Khan, Mozaffar, George Serafeim, and Aaron Yoon. 2016. “Corporate Sustainability: First Evidence on Materiality.” The accounting review 91(6): 1697–1724.
Kholmi, Masiyah, and Saskia An Nafiza. 2022. “Pengaruh Penerapan Green Accounting Dan Corporate Social Responsibility Terhadap Profitabilitas (Studi Pada Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2018-2019).” Reviu Akuntansi Dan Bisnis Indonesia 6(1): 143–55.
Lako, Andreas. 2018. Akuntansi Hijau: Isu, Teori, Dan Aplikasi. Jakarta: Salemba Empat.
Mardikanto, Totok. 2014. “CSR: Corporate Social Responsibility: Tanggungjawab Sosial Korporasi.” (No Title).
Ni Wayan Novi Budiasni, M M, and Gede Sri Darma. 2020. Corporate Social Responsibility Dalam Ekonomi Berbasis Kearifan Lokal Di Bali: Kajian Dan Penelitian Lembaga Perkreditan Desa. Nilacakra.
Nistantya, Ginanti. 2010. “Analisis Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Perusahaan.” Universitas Diponegoro.
Pangestu, Juan Carlos, Temy Setiawan, and Stephani Kurniawan. 2023. “Pengungkapan CSR, Ukuran Perusahaan, Leverage Dan Pengaruhnya Terhadap Profitabilitas Perusahaan Basic Materials BEI 2019-2021.” Jurnal Ekonomi Bisnis, Manajemen dan Akuntansi (JEBMA) 3(3): 771–78.
Pratiwi, Nurunnisa, and Yuliastuti Rahayu. 2018. “Pengaruh Penerapan Green Accounting Terhadap Pertumbuhan Harga Saham Dengan Profitabilitas Sebagai Variabel Moderating.” Jurnal Ilmu dan Riset Akuntansi (JIRA) 7(8).
Putri, Ayu Mayshella, Nur Hidayati, and Moh Amin. 2019. “Dampak Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Profitabilitas Perusahaan Manufaktur Di Bursa Efek Indonesia.” e_Jurnal Ilmiah Riset Akuntansi 8(04).
Rahayu, Arfyana Citra. 2024. “Kebutuhan Batubara Diramal Masih Naik Di 2024.” kontan.co.id. https://industri.kontan.co.id/news/kebutuhan-batubara-diramal-masih-naik-di-2024 (May 7, 2024).
Saifuddin, Alifyah Chita Dewi H Helmisar, and Slamet Wiyono. 2023. “Analisis Pengaruh Green Accounting, Kinerja Lingkungan, Biaya Lingkungan Dan Pengungkapan Csr Terhadap Tingkat Profitabilitas Perusahaan (Pada Perusahaan Manufaktur Sektor Industri Barang Konsumsi Di Bursa Efek Indonesia Tahun 2018-2021).” Jurnal Ekonomi Trisakti 3(1): 1197–1208.
Sapulette, Shella Gilby, and Franco Benony Limba. 2021. “Pengaruh Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Nilai Perusahaan Manufaktur Yang Terdaftar Di BEI Tahun 2018-2020.” Kupna Akuntansi: Kumpulan Artikel Akuntansi 2(1): 31–43.
Sari, Nada Rosyidah, and Endah Tri Wahyuningtyas Endah Tri Wahyuningtyas. 2020. “Studi Penerapan Green Accounting Dan Pengungkapan Sustainability Reporting Terhadap Profitabilitas.” In PROSIDING NATIONAL CONFERENCE FOR UMMAH,.
Sebrina, Nurzi, Salma Taqwa, Mayar Afriyenti, and Dovi Septiari. 2023. “Analysis of Sustainability Reporting Quality and Corporate Social Responsibility on Companies Listed on the Indonesia Stock Exchange.” Cogent Business & Management 10(1): 2157975.
Shakil, Mohammad Hassan, Nihal Mahmood, Mashiyat Tasnia, and Ziaul Haque Munim. 2019. “Do Environmental, Social and Governance Performance Affect the Financial Performance of Banks? A Cross-Country Study of Emerging Market Banks.” Management of Environmental Quality: An International Journal 30(6): 1331–44.
Singh, Kuldeep, Pramod Aggarwal, and Trilok Mathur. 2021. “Examining the Impact of Green Accounting on the Profitability of Firms: A Review and Empirical Insights.” Environmental Economics and Policy Studies 23(3): 531–48.
Stobierski. 2022. “WHAT IS SUSTAINABLE INVESTING?” online.hbs.edu. https://online.hbs.edu/blog/post/sustainable-investing.
Suharsono, Sony. 2020. “The Effect of Corporate Social Responsibility on Financial Performance: A Study on Indonesian Companies.” Journal of Business and Economic Research 18(1): 13–24.
Sulistiawati, Eka, and Novita Dirgantari. 2016. “Analisis Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Reviu Akuntansi Dan Keuangan 6(1).
Usti, Icha Puji, and Hendra Harmain. 2023. “Pengaruh Penerapan Green Accounting Dan CSR Terhadap Profitabilitas Pada PT. Carsurindo Siperkasa.” Management Studies and Entrepreneurship Journal (MSEJ) 4(4): 4486–98.
Velte, Patrick. 2017. “Does ESG Performance Have an Impact on Financial Performance? Evidence from Germany.” Journal of global responsibility 8(2): 169–78.
Wicaksono, Dewanto Putra. 2021. “Pengaruh Pengungkapan Corporate Social Responsibility Terhadap Kinerja Keuangan Yang Dimediasi Oleh Reputasi Perusahaan.” Jurnal Ilmiah Mahasiswa FEB 9(2).
Wirawan, Yasa. 2010. “Pengaruh Corporate Social Responsibility Terhadap Kinerja Perusahaan Yang Diproksi Dengan Return on Equity (ROE).” E-Jurnal Akuntansi Universitas Udayana 4(2): 388–405.
Published
2024-10-30
How to Cite
URBA LISTA, Wa Ode Muhfi.
The Effect Of Green Accounting, Corporate Social Responsibility, And Enviromental Social Governance On Company Profitability.
E-Jurnal Akuntansi, [S.l.], v. 34, n. 10, oct. 2024.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/119024>. Date accessed: 28 nov. 2024.
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