Abstract

The purpose of this study was to analyze the effect of (1) green innovation on firm value, (2) carbon emission disclosure on firm value, (3) environmental costs on firm value, (4) type of industry in moderating green innovation on firm value, (5) type of industry in moderating carbon emission disclosure on company value, (6) type of industry in moderating environmental costs on company value. This research uses quantitative research methods. The sampling procedure in this study was based on a purposive sampling method, the population in this study totaled 52 companies with 260 data.This study uses secondary data, which is obtained from the internet through the official IDX website ( www.idx.co.id ) and the official website of each company. The data used are annual reports and sustainability reports published by each company that is the sample of this study. The statistical method used to test the hypothesis is by using the SPSS statistical application. The research results show that green innovation, carbon emission disclosure, and environmental costspositive effect on firm value. Whereas in the moderation effect in this study, the type of industry strengthens the effect of carbon emission disclosure on firm value, and the type of industry does not moderate the effect of green innovation and environmental costs on firm value.

Keywords

• Green Innovation,
• carbon emission disclosure,
• environmental costs,
• , type of industry and firm value

References

• • Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019). The mediating effect of environmental management accounting on green innovation - Firm value relationship. International Journal of Energy Economics and Policy, 9(2), 299–306. https://doi.org/10.32479/ijeep.7438
• • Ahmad, N. (2021). Peran Peringkat Proper dan Biaya Lingkungan Terhadap Nilai Perusahaan Bumn di Indonesia. Jurnal Akuntansi Unesa, 9(3), 1–10.
• • Aisahanafi, Y., & Hernindita, D. (2022). Pengaruh Pengungkapan CSR terhadap Nilai Perusahaan : Gender Diversity sebagai Variabel. Jurnal Ilmu Siber, 1(3), 48–53.
• • Asjuwita, M., & Agustin, H. (2020). Pengaruh kinerja lingkungan dan biaya lingkungan terhadap profitabilitas pada perusahaan manufaktur yang terdaftar di bursa efek indonesia tahun 2014-2018. Jurnal Eksplorasi Akuntansi, 2(3), 3327–3345.
• • Bahriansyah, R. I. dan Y. L. Ginting. (2022). Pengungkapan Emisi Karbon terhadap Nilai Perusahaan denganmedia exposure sebagai Variabel Moderasi. Jurnal Riset Akuntansi dan Perpajakan), 9(02): 226-237.
• • Dai, D., & Xue, Y. (2022). The Impact of Green Innovation on a Firm’s Value from the Perspective of Enterprise Life Cycles. Sustainability (Switzerland), 14(3), 1–19. https://doi.org/10.3390/su14031226
• • Damas, D., Maghviroh, R. El, & Indreswari, M. (2021). Pengaruh Eco-Efficiency, Green Innovation dan Carbon Emission Disclosure terhadap Nilai Perusahaan dengan Kinerja Lingkungan sebagai Moderasi. Jurnal Magister Akuntansi Trisakti, 8(2), 85–108.
• • 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
• • Ermaya, husnah nur laela, & Mashuri, ayunita ajentiyas saputri. (2020). The Influence of Environmental Performance, Environmental Cost and ISO 14001 on Financial Performance in Non-Financial Companies Listed on the Indonesia Stock Exchange. Neraca : Jurnal Akuntansi Terapan, 1(2), 74–83. https://doi.org/10.31334/neraca.v1i2.857
• • Fabiola, V. putri, & Khusnah, H. (2022). Pengaruh Green Innovation dan Kinerja Keuangan pada Competitive Advantage dan Nilai Perusahaan Tahun 2015-2020. Jurnal Media Mahardika, 20(2), 295–304.
• • Firmansyah, A., Jadi, P. H., Febrian, W., & Fasita, E. (2021). Respon Pasar atas Pengungkapan Emisi Karbon di Indonesia: Bagaimana Peran Tata Kelola Perusahaan. Jurnal Magister Akuntansi Trisakti, 8(September), 151–170. https://doi.org/10.25105/jmat.v8i2.9789
• • Hapsoro, D., & Adyaksana, R. I. (2020). Apakah Pengungkapan Informasi Lingkungan Memoderasi Pengaruh Kinerja Lingkungan Dan Biaya Lingkungan Terhadap Nilai Perusahaan ? Jurnal Riset Akuntansi Dan Keuangan, 8(1), 41–52.
• • Hardiyansah, M., Agustini, A. T., & Purnamawati, I. (2021). The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type. Journal of Asian Finance, Economics and Business, 8(1), 123–133. https://doi.org/10.13106/jafeb.2021.vol8.no1.123
• • Isnurhadi, I., Widya, K., & Inten, O. (2020). Effects of Stakeholder Engagement and Corporate Governance on Integrated Reporting Disclosure. Indonesian Journal of Sustainability Accounting and Management, 4(2), 164–173. https://doi.org/10.28992/ijsam.v4i2.129
• • Karamahmutoğlu, M. K., & Kuzey, C. (2019). The effect of corporate governance on carbon emission disclosures : Evidence from Turkey International Journal of Climate Change Strategies and Article information : International Journal of Climate Change Strategies and Management, 10(1), 1–7. https://doi.org/10.1108/IJCCSM-07-2017-0144
• • Kompas.com. 03 April 2022. 10 Negara Penyumbang Emisi Karbon Terbesar, Indinesia Kelima. Diakses pada 10 September 2022, dari https:/travel.kompas.com/read/2022/04/03/220800827/10-negara-penyumbang-emisi-karbon-terbesar-indonesia-kelima?
• • Kurnia, P., Darlis, E., & Putra, A. A. (2020). Carbon Emission Disclosure , Good Corporate Governance , Financial Performance , and Firm Value. 7(12), 223–231. https://doi.org/10.13106/jafeb.2020.vol7.no12.223
• • Monica, Daromes, fransiskus eduardus, & Ng, S. (2021). Women on Boards as a Mechanism to Improve Carbon Emission Disclosure and Firm Value. Jurnal Ilmiah Akuntansi Dan Bisnis, 16(2), 343–358. https://doi.org/10.24843/JIAB.2021.v16.i02.p11
• • Muhammad, G. I., & Aryani, Y. A. (2021). The Impact of Carbon Disclosure on Firm Value with Foreign Ownership as A Moderating Variable. Jurnal Dinamika Akuntansi Dan Bisnis, 8(1), 1–14. https://doi.org/10.24815/jdab.v8i1.17011
• • Narayanan, V., Baird, K., & Tay, R. (2021). Investment decisions: The trade-off between economic and environmental objectives. British Accounting Review, 53(3), 100969. https://doi.org/10.1016/j.bar.2020.100969
• • Permana, A. B. S. dan B. Tjahjadi. (2020). PengaruhPengungkapanLingkungan dan Karbonterhadap Nilai Perusahaan. E-JurnalAkuntansi, 30 (1), 932-944.
• • Purwanto, A. (2011). Pengaruh Tipe Industri, Ukuran Perusahaan, Profitabilitas, Terhadap Corporate Social Responsiblity. Universitas Diponegoro, 8(1), 12–29.
• • Rachmawati, S. (2021). Green Strategy Moderate the Effect of Carbon Emission Disclosure and Environmental Performance on Firm Value. International Journal of Contemporary Accounting, 3(2), 133–152. https://doi.org/10.25105/ijca.v3i2.12439
• • Rahmanita, S. A. (2020). Pengaruh Carbon Emission Disclosure terhadap Nilai Perusahaan dengan Kinerja Lingkungan sebagai Variabel Moderasi. Jurnal Akuntansi Integratif, 6(1), 53–70.
• • Ramadhany, A. A., Fadillah, A. hidayatul, Richmayati, M., Mustika, I., & Nabella, septa diana. (2021). The Mediation Effect Firm Performance on Green Innovation and Firm Value: Evidence the Mining Industry. Turkish Journal of Computer and Mathematics Education (TURCOMAT), 12(3), 1377–1783. https://doi.org/10.17762/turcomat.v12i3.909
• • Reverte, C. (2009). Determinants of corporate social responsibility disclosure ratings by Spanish listed firms. Journal of Business Ethics, 88(2), 351–366. https://doi.org/10.1007/s10551-008-9968-9
• • Rusmana, O. dan S. M. N. Purnama. (2020). PengaruhPengungkapanEmisiKarbon Dan KinerjaLingkunganTerhadap Nilai Perusahaan. JurnalEkonomi, Bisnis dan Akuntansi (JEBA), 22 (1), 42-53.
• • Saptiwi, nur widhya tyas. (2019). Pengungkapan Emisi Karbon: Menguji Peranan Tipe Industri, Kinerja Lingkungan, Karakteristik Perusahaan dan Komite Audit. Jurnal Akuntansi Bisinis, 17(2), 227–240.
• • Sari, andi novia kartika, Said, D., & Mediaty. (2020). Implementasi Akuntansi Lingkungan terhadap Kinerja Perusahaan. Jurnal Riset Akuntansi Tirtayasa, 05(01), 32–38.
• • Sari, N. P., & Handayani, S. (2020). Pengaruh Pengungkapan Green Product Innovation dan Green Process Innovation Terhadap Kinerja Perusahaan. Jurnal Akuntansi AKUNESA, 9(1), 1–8.
• • Setiani, E. P. (2020). Pengungkapan Tanggung Jawab Sosial Perusahaan Pada Tipe Perusahaan Di Indonesia. InFestasi, 16(1), 1–12. https://doi.org/10.21107/infestasi.v16i1.6008
• • Singh, S. K., Del Giudice, M., Chiappetta Jabbour, C. J., Latan, H., & Sohal, A. S. (2022). Stakeholder pressure, green innovation, and performance in small and medium-sized enterprises: The role of green dynamic capabilities. Business Strategy and the Environment, 31(1), 500–514. https://doi.org/10.1002/bse.2906
• • Siregar, inova fitri, Rasyad, R., & Zaharman. (2019). Pengaruh Implikasi Biaya Lingkungan dan Kinerja Lingkungan Terhadap Kinerja Keuangan Perusahaan Pertambangan Umum Kategori Program Penilaian Peringkat Kinerja Perusahaan Dalam Pengelolaan Lingkungan Hidup (Proper). Rasio Keuangan Dan Pengaruhnya Terhadap Pertumbuhan Laba, 23(1), 185–194.
• • Ulum, M., R. Agriyanto dan Warno. (2020). PengaruhPengungkapanEmisi Gas RumahKacaterhadap Nilai Perusahaan denganBiayaLingkungansebagaiVariabelModerasi. Attaqaddum, 12(2), 155-168.
• • Wang, M. X., Liang, L. N., Siu, W. S., Fan, D., Sun, H. R., Zhao, H. H., Zhou, G. J., & Wu, W. J. (2019). Loss accounting of environmental pollution within Pearl River Delta region, South China. Environmental Pollution, 249, 676–685. https://doi.org/10.1016/j.envpol.2019.03.081
• • Wardhani, R. K., & Kawedar, W. (2019). Faktor-Faktor yang Mempengaruhi Pengungkapan Emisi Karbon dan Reaksi Saham pada perusahaan manufaktur di Indonesia. Diponegoro Journal of Accounting, 8(2), 1–11.
• • Widiastuti, H., Utami, E. R., & Handoko, R. (2018). Pengaruh Ukuran Perusahaan, TipeIndustri. Growth dan Media Exposure terhadap Pengungkapan Tanggung Jawab Sosial perusahaan ( Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Tahun 2014- Riset Akuntansi dan Keuangan Indonesia , 3 ( 2 ),. Riset Akuntansi Dan Keuangan Indonesia, 3(25), 107–117.
• • Zuhrufiyah, D. dan D. Y. Anggraeni. (2019). PengungkapanEmisiKarbon dan Nilai Perusahaan (StudiKasus pada Perusahaan di Kawasan Asia Tenggara). JurnalManajemenTeknologi, 18(2), 80-105.

This work is licensed under a Creative Commons Attribution 4.0 International License.