Pengaruh Green Accounting dan Sustainability Report Terhadap Return on Assets dengan Mediasi Investasi Lingkungan
DOI:
https://doi.org/10.36733/juara.v15i1.10968Keywords:
Environmental Investment, Green Accounting, Return on AssetsAbstract
Environmental sustainability represents a critical dimension in both business operations and societal wellbeing. Raw material companies, whose operations inherently depend on natural resources, are expected to maintain environmental standards in accordance with regulatory frameworks. This study investigates the relationship between sustainability reports and green accounting practices on return on assets, with environmental investment serving as a mediating variable. The research employs quantitative methodologies, focusing on raw goods sector companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The analytical framework utilizes multiple linear regression, with sample selection conducted through purposive sampling, yielding 31 companies and 93 combined annual and sustainability reports that met the established criteria. The findings reveal that green accounting shows a significant positive effect on return on assets, while sustainability report has no significant effect on return on assets. Furthermore, environmental investment effectively mediates the relationship between green accounting and return on assets but fails to mediate the connection between sustainability reporting and return on assets. These results suggest that companies aligning their operational capabilities with environmental considerations can indirectly enhance their return on assets performance.
Downloads
References
Alhassan, I., Islam, K. M. A., & Haque, Dr. Md. S. (2021). Sustainability Reporting and Financial Performance of Listed Industrial Goods Sector in Nigeria. International Journal of Accounting & Finance Review, 9, 46–56. https://doi.org/10.46281/ijafr.v9i1.1541
Al-Mawali, H. (2021). Environmental cost accounting and financial performance: The mediating role of environmental performance. Accounting, 7(3), 535–544. https://doi.org/10.5267/j.ac.2021.1.005
Bassetti, T., Blasi, S., & Sedita, S. R. (2021). The management of sustainable development: A longitudinal analysis of the effects of environmental performance on economic performance. Business Strategy and the Environment, 30(1), 21–37. https://doi.org/10.1002/bse.2607
Doobee, L. P., Ironkwe, uwaoma ignatius, & nwaiwu, johnson nkem. (2024). Green Accounting and Financial Performance of Listed Oiland Gas Companies in Nigeria. Journal Business Management. https://doi.org/10.5281/zenodo.12683176
Emmanuel, E. (2021). Green Accounting Reporting And Financial Performance Of Manufacturing Firms In Nigeria. In American Journal of Humanities and Social Sciences Research (Issue 5). www.ajhssr.com
Endiana, I. D. M., Dicriyani, N. L. G. M., Adiyadnya, M. S. P., & Putra, I. P. M. J. S. (2020). The Effect of Green Accounting on Corporate Sustainability and Financial Performance. Journal of Asian Finance, Economics and Business, 7(12), 731–738. https://doi.org/10.13106/jafeb.2020.vol7.no12.731
Fatihah, A. A., & Widiatmoko, J. (2022). Pengaruh Corporate Governance Efficiency Terhadap Pengungkapan Sustainability Report Dan Dampaknya Terhadap Kinerja Keuangan. License Jurnal KRISNA: Kumpulan Riset Akuntansi, 14(1), 80–92. https://ejournal.warmadewa.ac.id/index.php/krisna
Irma, S., Lestari, N., Bisnis, J. M., & Batam, P. N. (2021). Pengaruh Sustainability Report Terhadap Kinerja Keuangan Perusahaan. Journal Of Applied Managerial Accounting, 5(2), 34–44.
Jin, Z., & Xu, J. (2020). Impact Of Environmental Investment On Financial Performance: Evidence From Chinese Listed Companies. Polish Journal of Environmental Studies, 29(3), 2235–2245. https://doi.org/10.15244/pjoes/111230
Makbul, M. (2021). Prosedur Penelitian Kuantitatif. In jurnal al-musthafa STIT Al-Aziziyah Lombok Barat.
Otoritas Jasa Keuangan. (2017). POJK No. 51/POJK.03/2017.
Prasetyowati, A. (2024). Pengaruh Pengungkapan Sustainability Report Dan Green Accounting Terhadap Kinerja Keuangan Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2022). Diponegoro Journal Of Accounting, 13(3), 1–14. http://ejournal-s1.undip.ac.id/index.php/accounting
Putra, Y. P., & Subroto, T. A. (2022). Pengaruh Pengungkapan Sustainability Report Terhadap Kinerja Keuangan Perusahaan. Jurnal Ekombis Review, 10(2), 1327–1338. https://doi.org/10.37676/ekombis.v10i2
Putri, M. I., & Arsjah, R. J. (2023). Pengaruh Investasi Lingkungan, Kinerja Lingkungan, Dan Pengungkapan Lingkungan Terhadap Kinerja Keuangan Perusahaan Manufaktur Di Indonesia. Jurnal Ekonomi Trisakti, 3(2), 2525–2534. https://doi.org/10.25105/jet.v3i2.17130
Ratmono, D., Mail, R., Cahyonowati, N., & Janie, D. N. A. (2023). The Role Of Environmental Performance In Mediating The Relationship Between Green Accounting And Corporate Social Responsibility. Environmental Economics, 15(1), 46–55. https://doi.org/10.21511/EE.15(1).2024.04
Saenggo, A. T. P., & Widoretno, A. A. (2024). Exploring The Impacts Of Green Accounting, Sustainability Report Disclosure, And Environmental Investment On Financial Performance. JASa (Jurnal Akuntansi, Audit Dan Sistem Informasi Akuntansi), 8(2), 420–432. https://doi.org/10.36555/jasa.v8i2.2552
Sari, B. O., & Murwaningsari, E. (2023). Pengaruh Pengungkapan Esg Dan Investasi Lingkungan Terhadap Kinerja Perusahaan Dengan Inisiatif Hijau Sebagai Variabel Moderasi. Jurnal Ekonomi Trisakti, 3(2), 3125–3134. https://doi.org/10.25105/jet.v3i2.17896
Sari, M. (2023). Pengaruh Biaya Lingkungan Terhadap Kinerja Keuangan Perusahaan Dengan Kinerja Lingkungan Sebagai Variabel Intervening. Junal Riset Akuntansi Tirtayasa, 08.
Suaidah, Y. M. (2020). Pengungkapan sustainability report dan pengaruhnya terhadap kinerja perusahaan. Management and Business Review, 4(1), 39–51. https://doi.org/10.21067/mbr.v4i1.4619
Sumaryati, A., & Rohman, A. (2019). The influence of sustainability reporting on environmental and financial performance. Quality - Access to Success, 20(171).
Viona, A., Jacobus, W., & Maria, G. K. I. (2024). Pengaruh Green Accounting dan Sustainability Report terhadap kinerja keuangan perusahaan.
Downloads
Published
Issue
Section
License
Copyright (c) 2025 Annisa Tiara Kasih, Priyastiwi Priyastiwi
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International License.
