Analisis Kinerja Perusahaan Peraih Penghargaan Proper Emas Terhadap Green House Gas Emission Disclosure: Indonesia Case 2013-2020
DOI:
https://doi.org/10.32332/adzkiya.v9i01.2577Keywords:
Keywords: disclosure, greenhouse gas emissions, company performance, properAbstract
ABSTRACT- This research was conducted to test the company's performance based on the money metric and the ratio of greenhouse gas emission disclosures. The test was conducted on 31 companies that received a Proper gold ranking in 2013-2018 with multiple linear regression analysis. The results showed that simultaneously the company's performance based on money metrics and ratios had a positive effect on the disclosure of greenhouse gas emissions with a probability of 0.0031. However, after being partially tested only one variable has a significant effect but the effect is negative, the variable is sales. While the other five variables namely Ebitda, Profit, Asset, Price, and Roe did not show a significant effect. Therefore, the need for an education about the disclosure of greenhouse gas emissions that is different from the disclosure of corporate social responsibility.
Keywords: disclosure, greenhouse gas emissions, company performance, proper
References
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Ambec, S, Cohen, M, A,, Elgie, S,, & Lanoie, P. (2013). The Porter hypothesis at 20: Can environmental regulation enhance innovation and competitiveness. Review of Environmental Economics and Policy.
Asmaranti, Y, L. (2014). Comparation of Greenhouse Gas Emission Disclosure Before and After Enactment of the Indonesia Act No, 17 of 2004. Issues in Social and Environmental Accounting, 225–234.
Cho, C, H, & Patten, D, M. (2007). The role of environmental disclosures as tools of legitimacy: A research note. Accounting, Organizations and Society, 32(7–8), 639–647.
Choi, B, B, D, Lee, and J, P. (2013). An Analysis of Australian Company Carbon Emission Disclosure. Journal Pacific Accounting Review, 25(1), 58–79.
Collins, A, & Harris, R, I, D. (2002). Does plant ownership affect the level of pollution abatement expenditure? Land Economics, 78(2), 171–189.
Collins, A, & Harris, R, I, D. (2005). The impact of foreign ownership and efficiency on pollution abatement expenditure by chemical plants: Some UK evidence. Scottish Journal of Political Economy, 52(5), 747–768.
David C, Broadstock, Alan Collins, Lester C, Hunt, K. V. (2018). Voluntary disclosure, greenhouse gas emissions and business performance: Assessing the first decade of reporting. The British Accounting Review.
Deegan, C., & Soltys, S. (2007). Social accounting research: An Australian perspective. Accounting Forum, 31(1), 73–89.
Deegan, C. (2004). Financial accounting theory. McGraw-Hill Book Company.
Ennis, C., Kottwitz, J., Lin, S. X., & Markusson, N. (2012). Exploring the relationships between carbon disclosure and performance in FTSE 350 companies.
Freeman, R.E. & Reed, D. . (1983). Stockholders and stakeholders: A new perspective on corporate governance. In California Management Review (pp. 93–94).
Ghozali, C. (2007). Teori Akuntansi. Badan Penerbit Undip.
Gray, R., Kouhy, R., & Lavers, S. (1995). Corporate social and environmental reporting. Accounting, Auditing & Accountability Journal, 8(2), 47–77.
Horvathov´a, E. (2010). Does environmental performance affect financial performance? A meta-analysis. Journal Ecological Economics, 70(1), 52–59.
Hsu, A, W, and T, W. (2013). Does the Market Value Corporate Response to Climate Change? Journal Omega, 41(2), 195–206.
Hult, T., Mena, J., Ferrell, O.C. & Ferrell, L. (2011). Stakeholder marketing: A definition and conceptual framework. Academy of Marketing Science Review, 17(1), 44–65.
Irwhantoko, I., & Basuki, B. (2016). Carbon emissions’ disclosure: Studi pada perusahaan manufaktur Indonesia. Jurnal Akuntansi Dan Keuangan, 18(2), 92–104.
Jannah, R., & Muid, D. (2014). Analisis faktorfaktor yang mempengaruhi carbon emissions’ disclosure pada perusahaan di Indonesia (studi empiris pada perusahaan yang terdaftar di Bursa Efek Indoesia periode 2010-2012. Diponegoro Journal of Accounting,3(2), 1000–1010.
Johnston, R, & P. P. (2008). Managing the tension between performance measurement and strategy: Coping strategies. International Journal of Operations & Production Management, 28(10), 941–967.
Kula, E. (1998). History of environmental economic thought. Routledge.
Majid, R, A, & Ghozali, I. (2015). Analisis Faktor-Faktor yang Mempengaruhi Pengungkapan Emisi Gas Rumah Kaca pada Perusahaan di Indonesia. Diponegoro Journal of Accounting, 4(4), 1–11.
Najah, M, S, M. (2012). Carbon Risk Management, Carbon Disclosure and Stock Market Effects: An International Perspective. University of Southern Queensland.
O’Sullivan, N., & O’Dwyer, B. (2009). Stakeholder perspectives on a financial sector legitimation process: The case of ngos and the equator principles. Accounting, Auditing & Accountability Journal, 24(4), 553–587.
Prado-Lorenzo, J, L, Rodríguez‐Domínguez, I, Gallego‐Álvarez, and I, G. (2009). Factors Influencing the Disclosure of Greenhouse Gas Emissions in Companies World-Wide. Journal Management Decision, 47(7), 1133–1157.
Saunders, H, D. (1992). The Khazzoom-Brookes postulate and neoclassical growth. The Energy Journal, 13(4), 131–148.
Stanny, E, and K, E. (2008). Corporate Environmental Disclosures about the Effects of Climate Change. Journal Corporate Social Responsibility and Environmental Management, 15(6), 338–348.
Subroto. (2019). Mengenal Revolusi Industri. Wrta Ekonomi.Co.Id.
W, R, Q, Deltas, G,, & Khanna, M. (2004). Incentives for environmental self-regulation and implications for environmental performance. Journal of Environmental Economics and Management, 48(1), 632–654.
Ziegler,A,T, Busch, and V, H, H. (2011). Disclosed Corporate Responses to Climate Change and Stock Performance: An International Empirical Analysis. Journal Energy Economics, 33(6), 1283–1294.
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2021-07-07
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