The Moderating Role of Good Corporate Governance on the Relationship Between Environmental Performance and Environmental Disclosure on Firm Value
Abstract
The study aims to empirically examine the relationship between environmental performance and environmental disclosure on firm value with Good Corporate Governance as a moderating variable. The population in this study consists of energy and mining companies listed on the Indonesia Stock Exchange from 2020 to 2023. The sample was determined using the purposive sampling method The data were analyzed using the Moderation Regression Analysis (MRA) technique. The results showed that environmental performance has a significant positive impact, and environmental disclosure does not affect the company's value. Good corporate governance is able to strengthen the relationship between environmental performance and company value, but not the relationship between environmental disclosure and company value.
Keywords: Company Value; Environmental Performance; Environmental Disclosure; Good Corporate Governance
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References
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Ahmad, H., Yaqub, M., & Lee, S. H. (2024). Environmental-, Social-, And Governance-Related Factors For Business Investment And Sustainability: A Scientometric Review Of Global Trends. Environment, Development And Sustainability, 26(2), 2965–2987. https://Doi.Org/10.1007/S10668-023-02921-X
Amalya, W. R., Sukoharsono, E. G., & Sidarta, A. L. (2023). The Relationship Of Green Accounting On Financial Performance With Environmental Performance As A Mediation Variable. Atlantis Press International BV. https://Doi.Org/10.2991/978-94-6463-140-1_2
Andriana, A. E., & Anisykurlillah, I. (2019). The Effects Of Environmental Performance, Profit Margin, Firm Size, And Environmental Disclosure On Economic Performance. Accounting Analysis Journal, 8(2), 143–150. https://Doi.Org/10.15294/Aaj.V8i2.28659
Anjasari, S. P., & Andriati, H. N. (2016). Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai Perusahaan Safitri Putri Anjasari,Se 1 Hastutie Noor Andriati.,SE.,M.Si 2. 11(November), 52–59.
Chariri, A., Januarti, I., Nur, E., & Yuyetta, A. (2017). Firm Characteristics, Audit Committee, And Environmental Performance: Insights From Indonesian Companies. International Journal Of Energy Economics And Policy |, 7(6), 19–26. Http:Www.Econjournals.Com
Cormier, D., Magnan, M., & Velthoven, B. (2005). Environmental Disclosure Quality In Large German Companies: Economic Incentives, Public Pressures Or Institutional Conditions? European Accounting Review, 14, 3–39. https://Doi.Org/10.1080/0963818042000339617
Damas, D., Maghviroh, R. EL, & Meidiyah, M. (2021). Pengaruh Eco-Efficiency, Green Inovation Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Moderasi. Jurnal Magister Akuntansi Trisakti, 8(2), 85–108. https://Doi.Org/10.25105/Jmat.V8i2.9742
Daromes, F., & Kawilarang, M. F. (2020). Peran Pengungkapan Lingkungan Dalam Memediasi Pengaruh Kinerja Lingkungan Terhadap Nilai Perusahaan. Jurnal Akuntansi, 14(Vol.14 No.1 April 2020), 77–101.
Dewi, R., & Rahmianingsih, A. (2020). Meningkatkan Nilai Perusahaan Melalui Green Innovation Dan Eco-Effisiensi. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 12(2), 225–243. https://Doi.Org/10.35313/Ekspansi.V12i2.2241
Effendi, B. (2021). The Impact Of Environmental Performance On Firm Value: Evidence From Indonesia. Proceedings Of The 7th Regional Accounting Conference (KRA 2020), 173(Kra 2020), 155–161. https://Doi.Org/10.2991/Aebmr.K.210416.021
Epstein, M. J., & Freedman, M. (1994). Social Disclosure And The Individual Investor. Accounting, Auditing & Accountability Journal, 7(4), 94–109. https://Doi.Org/10.1108/09513579410069867
Fauzi, T. H. (2022). The Effect Of Environmental Performance On Firm Value With Mediating Role Of Financial Performance In Manufacturing Companies In Indonesia. 256–265.
Firdaus, Z. F. (2022). Neraca Arus Energi Dan Neraca Emisi Gas Rumah Kaca Indonesia Badan Pusat Statistik Bps-Statistics Indonesia.
Goronzy, F. (2016). A Factor Analysis Of Selected Variables Of Manufacturing Business Enterprises. Springer Stable, 9(6), 71–85. http://www.Jstor.Org/Stable/40226722 accessed
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Indriastuti, M., & Kartika, I. (2021). Improving Firm Value Through Intellectual Capital, Good Corporate Governance And Financial Performance. Jurnal Ilmiah Akuntansi, 6(1), 85. https://Doi.Org/10.23887/Jia.V6i1.30993
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Karina, D. R. M., & Setiadi, I. (2020). Pengaruh CSR Terhadap Nilai Perusahaan Dengan GCG Sebagai Varianel Moderasi. 6(1), 37–49.
Kawi, Y. A. S., & Natalylova, K. (2022). PENGARUH ENVIRONMENTAL DISCLOSURE , SOCIAL DISCLOSURE , PROFITABILITAS , DAN FAKTOR LAIN TERHADAP NILAI PERUSAHAAN. 2(3), 381–392.
Khanifah, K., Udin, U., Hadi, N., & Alfiana, F. (2020). Environmental Performance And Firm Value : Testing The Role Of Firm Reputation In Emerging Countries. 10(1), 96–103.
Kordsachia, O., Focke, M., & Velte, P. (2022). Do Sustainable Institutional Investors Contribute To Firms’ Environmental Performance? Empirical Evidence From Europe. Review Of Managerial Science, 16(5), 1409–1436. https://Doi.Org/10.1007/S11846-021-00484-7
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Mar’ati, F. S., & Darsono, D. (2023). The Impact Of Environmental Performance And Environmental Disclosures On Economic Performance. Accounting Analysis Journal, 11(1), 54–63. https://Doi.Org/10.15294/Aaj.V11i1.59280
Mohammad Nur Utomo, K. (2019). Kinerja Lingkungan, Pengungkapan Lingkungan, Dan Nilai Perusahaan: Studi Empiris Perusahaan Non Keuangan Di Bursa Efek Indonesia. Call For Papers FMI 2019, 2(11), 1–10.
Nazli Nik Ahmad, N., & Sulaiman, M. (2004). Environment Disclosure In Malaysia Annual Reports: A Legitimacy Theory Perspective. International Journal Of Commerce And Management, 14(1), 44–58. https://Doi.Org/10.1108/10569210480000173
Pan, Y. (2022). Green Innovation, Environmental Information Disclosure And Firm Value. 558–569. https://Doi.Org/10.2991/978-94-6463-036-7_83
Pramono, H., & Rohman, A. (2023). The Role Of Environmental Performance To Strengthen Firm Values To Financial Performance. Kompartemen : Jurnal Ilmiah Akuntansi, 21(2), 188. https://Doi.Org/10.30595/Kompartemen.V21i2.17445
Qiu, Y., Shaukat, A., & Tharyan, R. (2016). Environmental And Social Disclosures: Link With Corporate Financial Performance. The British Accounting Review, 48(1), 102–116. https://Doi.Org/Https://Doi.Org/10.1016/J.Bar.2014.10.007
Ramadhanty, S. (2023). Kinerja Perusahaan-Tambang Dan Energi-Merosot Di 2023. https://Industri.Kontan.Co.Id/News/Kinerja-Perusahaan-Tambang-Dan-Energi-Merosot-Di-2023-Cermati-Pemicunya
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Sahputra, R., Situmorang, M., & Fadillah, H. (2020). Pengaruh Kinerja Lignkungan, Biaya Lingkungan, Dan Pengungkapan Lingkungan Terhadap Nilai Perusahaan Manufaktur Sektor Barang Konsumsi Tahun 2017-2019.
Samhadi, Reokhudin, & Iqbal, S. (2024). THE MODERATING ROLE OF GOOD CORPORATE GOVERNANCE IN THE RELATIONSHIP BETWEEN GREEN INNOVATION, ENVIRONMENTAL DISCLOSURE AND FIRM VALUE. 14(03), 553–569. https://Doi.Org/10.22219/Jrak.V14i3.33925
Saputri, S. A., Maharani, B., & Prasetya, W. A. (2023). Pengaruh Kinerja Lingkungan, Pengungkapan Lingkungan, Dan Biaya Lingkungan Terhadap Nilai Perusahaan. JUARA: Jurnal Riset Akuntansi, 13(1), 94–111.
SARASWATI, W., SUKOHARSONO, E. G., SARASWATI, E., & PRASTIWI, A. (2022). The Effect Of Sustainability Reporting Practices On The Quality Of CSR Disclosures In Banking In Indonesia. International Journal Of Environmental, Sustainability, And Social Science, 3(3), 644–653. https://Doi.Org/10.38142/Ijesss.V3i3.264
Setiadi, I., & Agustina, Y. (2020). Pengungkapan Lingkungan, Profitabilitas Dan Nilai Perusahaan. Kompartemen: Jurnal Ilmiah Akuntansi, 17(2), 198–207. https://Doi.Org/10.30595/Kompartemen.V17i2.5807
Setiani, E. (2023). The Impact Of ESG Scores On Corporate Financial Performance: Moderating Role Of Gender Diversity. Nominal Barometer Riset Akuntansi Dan Manajemen, 12, 128–139. https://Doi.Org/10.21831/Nominal.V12i1.59778
Susanti, N. D., & Handayani, S. (2022). Peran Moderasi Good Corporate Governance Pada Hubungan Kinerja Lingkungan Dengan Nilai Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(11), 4848–4856. https://Doi.Org/10.32670/Fairvalue.V4i11.1816
Valdera, M. Q., Halim, H., & Rokhmawati, A. (2022). Pengaruh Environmental Performance Dan Growth Company Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Pemoderasi Pada Perusahaan Manufaktur. Management Studies And Entrepreneurship Journal, 3(4), 2229–2246. http://Journal.Yrpipku.Com/Index.Php/Msej
Wahyuningrum, I. F. S., Putri, N., & Hidayah, R. (2020). Pengaruh Kinerja Keuangan Dan Karakteristik Perusahaan Terhadap Pengungkapan Lingkungan Di Perusahaan Yang Terdaftar Di Singapore Exchange. Jurnal Ilmu Lingkungan, 18(2), 417–423. https://Doi.Org/10.14710/Jil.18.2.417-423
Widhiastuti, N. L. P., Suputra, I. D. D., & Budiasih, I. N. (2017). Effect Of Environmental Performance On Financial Performance With Corporate Social Responsibility As An Intervening Variable. E-Journal Of Economics And Business, Udayana University.
Williams, B., Brown Andrys Onsman, T., Onsman, A., Brown, T., Andrys Onsman, P., & Ted Brown, P. (2010). Exploratory Factor Analysis: A Five-Step Guide For Novices. Journal Of Emergency Primary Health Care (JEPHC), 8(3), 990399. http://Ro.Ecu.Edu.Au/Jephc/Vol8/Iss3/1http://Ro.Ecu.Edu.Au/Jephc/Vol8/Iss3/1
Wu, H., & Li, J. (2023). The Relationship Between Environmental Disclosure And Financial Performance: Mediating Effect Of Economic Development And Information Penetration. Economic Research-Ekonomska Istrazivanja , 36(1), 116–142. https://Doi.Org/10.1080/1331677X.2022.2072355
Xie, Z., Wang, J., & Zhao, G. (2022). Impact Of Green Innovation On Firm Value: Evidence From Listed Companies In China’s Heavy Pollution Industries. Frontiers In Energy Research, 9(January), 1–17. https://Doi.Org/10.3389/Fenrg.2021.806926
Yadav, P. L., Han, S. H., & Rho, J. J. (2016). Impact Of Environmental Performance On Firm Value For Sustainable Investment: Evidence From Large US Firms. Business Strategy And The Environment, 25(6), 402–420. https://Doi.Org/10.1002/Bse.1883
Zulfia, N., & Widjioko, G. (2019). Pengaruh Corporate Social Responsibility Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi. Fakultas Ekonomi Dan Bisnis, Universitas Brawijaya, 1–24. https://Jimfeb.Ub.Ac.Id/Index.Php/Jimfeb/Article/View/5630/0
Aduroh, M. S., & Paramu, H. (2023). Determinants Of Firm Value And The Role Of Good Corporate Governance As A Moderating variable : Empirical Evidence From Determinants Of Firm Value And The Role Of Good Corporate Governance As A Moderating Variable : Empirical Evidence From Indonesian Publ. April 2021.
Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019). The Mediating Effect Of Environmental Management Accounting On Green Innovation - Firm Value Relationship. 9(2), 299–306.
Ahmad, H., Yaqub, M., & Lee, S. H. (2024). Environmental-, Social-, And Governance-Related Factors For Business Investment And Sustainability: A Scientometric Review Of Global Trends. Environment, Development And Sustainability, 26(2), 2965–2987. https://Doi.Org/10.1007/S10668-023-02921-X
Amalya, W. R., Sukoharsono, E. G., & Sidarta, A. L. (2023). The Relationship Of Green Accounting On Financial Performance With Environmental Performance As A Mediation Variable. Atlantis Press International BV. https://Doi.Org/10.2991/978-94-6463-140-1_2
Andriana, A. E., & Anisykurlillah, I. (2019). The Effects Of Environmental Performance, Profit Margin, Firm Size, And Environmental Disclosure On Economic Performance. Accounting Analysis Journal, 8(2), 143–150. https://Doi.Org/10.15294/Aaj.V8i2.28659
Anjasari, S. P., & Andriati, H. N. (2016). Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai Perusahaan Safitri Putri Anjasari,Se 1 Hastutie Noor Andriati.,SE.,M.Si 2. 11(November), 52–59.
Chariri, A., Januarti, I., Nur, E., & Yuyetta, A. (2017). Firm Characteristics, Audit Committee, And Environmental Performance: Insights From Indonesian Companies. International Journal Of Energy Economics And Policy |, 7(6), 19–26. Http:Www.Econjournals.Com
Cormier, D., Magnan, M., & Velthoven, B. (2005). Environmental Disclosure Quality In Large German Companies: Economic Incentives, Public Pressures Or Institutional Conditions? European Accounting Review, 14, 3–39. https://Doi.Org/10.1080/0963818042000339617
Damas, D., Maghviroh, R. EL, & Meidiyah, M. (2021). Pengaruh Eco-Efficiency, Green Inovation Dan Carbon Emission Disclosure Terhadap Nilai Perusahaan Dengan Kinerja Lingkungan Sebagai Moderasi. Jurnal Magister Akuntansi Trisakti, 8(2), 85–108. https://Doi.Org/10.25105/Jmat.V8i2.9742
Daromes, F., & Kawilarang, M. F. (2020). Peran Pengungkapan Lingkungan Dalam Memediasi Pengaruh Kinerja Lingkungan Terhadap Nilai Perusahaan. Jurnal Akuntansi, 14(Vol.14 No.1 April 2020), 77–101.
Dewi, R., & Rahmianingsih, A. (2020). Meningkatkan Nilai Perusahaan Melalui Green Innovation Dan Eco-Effisiensi. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 12(2), 225–243. https://Doi.Org/10.35313/Ekspansi.V12i2.2241
Effendi, B. (2021). The Impact Of Environmental Performance On Firm Value: Evidence From Indonesia. Proceedings Of The 7th Regional Accounting Conference (KRA 2020), 173(Kra 2020), 155–161. https://Doi.Org/10.2991/Aebmr.K.210416.021
Epstein, M. J., & Freedman, M. (1994). Social Disclosure And The Individual Investor. Accounting, Auditing & Accountability Journal, 7(4), 94–109. https://Doi.Org/10.1108/09513579410069867
Fauzi, T. H. (2022). The Effect Of Environmental Performance On Firm Value With Mediating Role Of Financial Performance In Manufacturing Companies In Indonesia. 256–265.
Firdaus, Z. F. (2022). Neraca Arus Energi Dan Neraca Emisi Gas Rumah Kaca Indonesia Badan Pusat Statistik Bps-Statistics Indonesia.
Goronzy, F. (2016). A Factor Analysis Of Selected Variables Of Manufacturing Business Enterprises. Springer Stable, 9(6), 71–85. http://www.Jstor.Org/Stable/40226722 accessed
Hariati, I., & Yeney Widya, P. (2016). Perusahaan Pengaruh Tata Kelola Perusahaan Dan Kinerja Lingkungan Terhadap Nilai. 1–12.
Indriastuti, M., & Kartika, I. (2021). Improving Firm Value Through Intellectual Capital, Good Corporate Governance And Financial Performance. Jurnal Ilmiah Akuntansi, 6(1), 85. https://Doi.Org/10.23887/Jia.V6i1.30993
Jatmiko, H. (2020). Rekam Jejak Kasus Pertambangan Di Indonesia. Wahana Lingkungan Hidup Indonesia, 2–11.
Judith, L., & Phillip, H. (2012). Corporate Governance And Environmental Performance : Is There Really A Link ? 0–49.
Karina, D. R. M., & Setiadi, I. (2020). Pengaruh CSR Terhadap Nilai Perusahaan Dengan GCG Sebagai Varianel Moderasi. 6(1), 37–49.
Kawi, Y. A. S., & Natalylova, K. (2022). PENGARUH ENVIRONMENTAL DISCLOSURE , SOCIAL DISCLOSURE , PROFITABILITAS , DAN FAKTOR LAIN TERHADAP NILAI PERUSAHAAN. 2(3), 381–392.
Khanifah, K., Udin, U., Hadi, N., & Alfiana, F. (2020). Environmental Performance And Firm Value : Testing The Role Of Firm Reputation In Emerging Countries. 10(1), 96–103.
Kordsachia, O., Focke, M., & Velte, P. (2022). Do Sustainable Institutional Investors Contribute To Firms’ Environmental Performance? Empirical Evidence From Europe. Review Of Managerial Science, 16(5), 1409–1436. https://Doi.Org/10.1007/S11846-021-00484-7
Li, L., Msaad, H., Sun, H., Tan, M. X., Lu, Y., & Lau, A. K. W. (2020). Green Innovation And Business Sustainability: New Evidence From Energy Intensive Industry In China. International Journal Of Environmental Research And Public Health, 17(21), 1–18. https://Doi.Org/10.3390/Ijerph17217826
Madyan, M. (2024). Analisis Pengungkapan Emisi Karbon Perusahaan Indonesia. Universitas Airlangga. https://Unair.Ac.Id/Analisis-Pengungkapan-Emisi-Karbon-Perusahaan-Indonesia/
Mar’ati, F. S., & Darsono, D. (2023). The Impact Of Environmental Performance And Environmental Disclosures On Economic Performance. Accounting Analysis Journal, 11(1), 54–63. https://Doi.Org/10.15294/Aaj.V11i1.59280
Mohammad Nur Utomo, K. (2019). Kinerja Lingkungan, Pengungkapan Lingkungan, Dan Nilai Perusahaan: Studi Empiris Perusahaan Non Keuangan Di Bursa Efek Indonesia. Call For Papers FMI 2019, 2(11), 1–10.
Nazli Nik Ahmad, N., & Sulaiman, M. (2004). Environment Disclosure In Malaysia Annual Reports: A Legitimacy Theory Perspective. International Journal Of Commerce And Management, 14(1), 44–58. https://Doi.Org/10.1108/10569210480000173
Pan, Y. (2022). Green Innovation, Environmental Information Disclosure And Firm Value. 558–569. https://Doi.Org/10.2991/978-94-6463-036-7_83
Pramono, H., & Rohman, A. (2023). The Role Of Environmental Performance To Strengthen Firm Values To Financial Performance. Kompartemen : Jurnal Ilmiah Akuntansi, 21(2), 188. https://Doi.Org/10.30595/Kompartemen.V21i2.17445
Qiu, Y., Shaukat, A., & Tharyan, R. (2016). Environmental And Social Disclosures: Link With Corporate Financial Performance. The British Accounting Review, 48(1), 102–116. https://Doi.Org/Https://Doi.Org/10.1016/J.Bar.2014.10.007
Ramadhanty, S. (2023). Kinerja Perusahaan-Tambang Dan Energi-Merosot Di 2023. https://Industri.Kontan.Co.Id/News/Kinerja-Perusahaan-Tambang-Dan-Energi-Merosot-Di-2023-Cermati-Pemicunya
Richardson, A. J., & Welker, M. (2001). Social Disclosure , Financial Disclosure And The Cost Of Equity Capital. 26, 597–616.
Sahputra, R., Situmorang, M., & Fadillah, H. (2020). Pengaruh Kinerja Lignkungan, Biaya Lingkungan, Dan Pengungkapan Lingkungan Terhadap Nilai Perusahaan Manufaktur Sektor Barang Konsumsi Tahun 2017-2019.
Samhadi, Reokhudin, & Iqbal, S. (2024). THE MODERATING ROLE OF GOOD CORPORATE GOVERNANCE IN THE RELATIONSHIP BETWEEN GREEN INNOVATION, ENVIRONMENTAL DISCLOSURE AND FIRM VALUE. 14(03), 553–569. https://Doi.Org/10.22219/Jrak.V14i3.33925
Saputri, S. A., Maharani, B., & Prasetya, W. A. (2023). Pengaruh Kinerja Lingkungan, Pengungkapan Lingkungan, Dan Biaya Lingkungan Terhadap Nilai Perusahaan. JUARA: Jurnal Riset Akuntansi, 13(1), 94–111.
SARASWATI, W., SUKOHARSONO, E. G., SARASWATI, E., & PRASTIWI, A. (2022). The Effect Of Sustainability Reporting Practices On The Quality Of CSR Disclosures In Banking In Indonesia. International Journal Of Environmental, Sustainability, And Social Science, 3(3), 644–653. https://Doi.Org/10.38142/Ijesss.V3i3.264
Setiadi, I., & Agustina, Y. (2020). Pengungkapan Lingkungan, Profitabilitas Dan Nilai Perusahaan. Kompartemen: Jurnal Ilmiah Akuntansi, 17(2), 198–207. https://Doi.Org/10.30595/Kompartemen.V17i2.5807
Setiani, E. (2023). The Impact Of ESG Scores On Corporate Financial Performance: Moderating Role Of Gender Diversity. Nominal Barometer Riset Akuntansi Dan Manajemen, 12, 128–139. https://Doi.Org/10.21831/Nominal.V12i1.59778
Susanti, N. D., & Handayani, S. (2022). Peran Moderasi Good Corporate Governance Pada Hubungan Kinerja Lingkungan Dengan Nilai Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 4(11), 4848–4856. https://Doi.Org/10.32670/Fairvalue.V4i11.1816
Valdera, M. Q., Halim, H., & Rokhmawati, A. (2022). Pengaruh Environmental Performance Dan Growth Company Terhadap Nilai Perusahaan Dengan Corporate Governance Sebagai Pemoderasi Pada Perusahaan Manufaktur. Management Studies And Entrepreneurship Journal, 3(4), 2229–2246. http://Journal.Yrpipku.Com/Index.Php/Msej
Wahyuningrum, I. F. S., Putri, N., & Hidayah, R. (2020). Pengaruh Kinerja Keuangan Dan Karakteristik Perusahaan Terhadap Pengungkapan Lingkungan Di Perusahaan Yang Terdaftar Di Singapore Exchange. Jurnal Ilmu Lingkungan, 18(2), 417–423. https://Doi.Org/10.14710/Jil.18.2.417-423
Widhiastuti, N. L. P., Suputra, I. D. D., & Budiasih, I. N. (2017). Effect Of Environmental Performance On Financial Performance With Corporate Social Responsibility As An Intervening Variable. E-Journal Of Economics And Business, Udayana University.
Williams, B., Brown Andrys Onsman, T., Onsman, A., Brown, T., Andrys Onsman, P., & Ted Brown, P. (2010). Exploratory Factor Analysis: A Five-Step Guide For Novices. Journal Of Emergency Primary Health Care (JEPHC), 8(3), 990399. http://Ro.Ecu.Edu.Au/Jephc/Vol8/Iss3/1http://Ro.Ecu.Edu.Au/Jephc/Vol8/Iss3/1
Wu, H., & Li, J. (2023). The Relationship Between Environmental Disclosure And Financial Performance: Mediating Effect Of Economic Development And Information Penetration. Economic Research-Ekonomska Istrazivanja , 36(1), 116–142. https://Doi.Org/10.1080/1331677X.2022.2072355
Xie, Z., Wang, J., & Zhao, G. (2022). Impact Of Green Innovation On Firm Value: Evidence From Listed Companies In China’s Heavy Pollution Industries. Frontiers In Energy Research, 9(January), 1–17. https://Doi.Org/10.3389/Fenrg.2021.806926
Yadav, P. L., Han, S. H., & Rho, J. J. (2016). Impact Of Environmental Performance On Firm Value For Sustainable Investment: Evidence From Large US Firms. Business Strategy And The Environment, 25(6), 402–420. https://Doi.Org/10.1002/Bse.1883
Zulfia, N., & Widjioko, G. (2019). Pengaruh Corporate Social Responsibility Dan Profitabilitas Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi. Fakultas Ekonomi Dan Bisnis, Universitas Brawijaya, 1–24. https://Jimfeb.Ub.Ac.Id/Index.Php/Jimfeb/Article/View/5630/0
Published
2025-01-06
How to Cite
BAHASWAR, Muhammad Raichan et al.
The Moderating Role of Good Corporate Governance on the Relationship Between Environmental Performance and Environmental Disclosure on Firm Value.
E-Jurnal Akuntansi, [S.l.], v. 35, n. 4, jan. 2025.
ISSN 2302-8556.
Available at: <https://ojs.unud.ac.id/index.php/akuntansi/article/view/122527>. Date accessed: 30 apr. 2025.
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