THE EFFECT OF LIQUIDITY, LEVERAGE, PROFITABILITY AND INSTITUTIONAL OWNERSHIP ON ENVIRONMENTAL COSTS IN GREEN INDUSTRY COMPANIES PERIOD 2019 – 2021

Popon Rabia Adawia

Abstract


The aim of this research is to empirically test the influence of liquidity, leverage, profitability and institutional ownership on environmental costs in Green Industrial companies listed on the Indonesian Stock Exchange for the 2019-2021 period. The research method is quantitative associative causal. The population is 23 companies that have won awards as green industry (PROPER Green and Gold categories) and the sample is 18 companies for the 2019-2021 period. Samples were taken based on purposive sampling. The dependent variable is environmental costs and the independent variables are liquidity, leverage, profitability and institutional ownership. The method used in testing this hypothesis is panel data regression analysis processed using eviews 10 software with t-test then f-test with a significance level of five percent and the coefficient of determination test. The research results show that environmental costs are positively and significantly influenced by liquidity and profitability. Leverage has a negative and insignificant effect on environmental costs. Meanwhile, institutional ownership does not influence and is not significant to environmental costs. The variables liquidity, leverage, profitability and institutional ownership simultaneously have a positive & significant effect on environmental costs in green industry companies listed on the Indonesia Stock Exchange for the 2019-2021 period.

Full Text:

PDF

References


Adawia, P. Y. Ko. A. N. (2023). How Significant The Influance of Finanacial Performance and Ownership Characteristic to Environmental Cost. DIJEFA, 4(2), 247–258.

Babalola, Y. A. (2012). The Impact of Corporate Social Responsibility on Firms’ Profitability in Nigeria. European Journal of Economics, Finance and Administrative Sciences, ISSN 1450-2275 Issue 45, 39-50.

Fitriani, A. (2013). Pengaruh Kinerja Lingkungan Dan Biaya Lingkungan Terhadap Kinerja Keuangan Pada BUMN. Jurnal Ilmu Manajemen, Universitas Negeri Surabaya, 1(1).

Gujarati, D. N. & D. C. P. (2013). Basic Econometrics (fith). McGraw-Hill Company.

Hadari, W. & F. (2022). Company Value In Manufacturing Companies Food and Beverage Subsector Listed on The Indonesia Stock Exchange In 2017-2021. Jurnal Riset Akuntansi Dan Auditing Volume 9, Edisi 3 (November 2022, 29 – 38). https://doi.org/10.55963/jraa.v9i3.495

Hadi N. (2011). Social Responsibility : Kajian Theoretical Framework dan Perannya Dalam Riset Dibidang Akuntansi. Jurnal Ekonomi Dan Bisnis, 4 (8), 88-109.

Hamidi. (2019). Analisis Penerapan Green Accounting ATerhadap Kinerja Keuangan Perusahaan. Equilibria, 6 No. 2 ta. https://www.journal.unrika.ac.id/index.php/equi/article/view/2253

Hanafi, M. & H. (2016). Analisis Laporan Keuangan (6th ed.). UPP STIM YKPN.

Hansen & Mowen. (2019). Akuntansi Manajerial (8th ed.). Salemba Empat.

Hansen, D. R. & M. M. M. (2016). Managerial Accounting: Akuntansi Manajerial, Dialih Bahasakan Oleh Deny Arnos Kwary. (8th ed.). Salemba Empat.

Ikhsan, A. (2018). Akuntansi Lingkungan dan Pengungkapannya (First). Graha Ilmu.

Kashmir. (2018). Analisa Laporan Keuangan. Rajawali Pers.

Kori, M. O. D., & Rasmini, N. K. (2017). Struktur Good Corporate Governance sebagai Pemoderasi Pengaruh Asimetri Informasi pada Manajemen Laba. EJurnal Akuntansi Universitas Udayana, 21(1), 144–172.

Ridha, M. S. (2020). Ecosida dan Pandemi Covid 19. https://www.walhi.or.id/ekosida-dan-pandemic-covid-19

Sherman, E. . (2015). A Manager’s Guide to Financial Analysis (6th ed.). American Management Association.

Subramanyam, K. R., & Wild, John, J. (2012). Analisa Laporan Keuangan (12 (Terjem). Salemba Empat.

Suhardjanto, D. (2010). “Corporate Governance, Karakteristik Perusahaan dan Environmental Disclosure”. Jurnal Prestasi, 6(1).

Supit, Thessalonica S.F, W. . A. A., & Tampi, J. . R. E. (2015). Analisis Kinerja Keuangan pada PT. Astra Internasional, Tbk.

Yuniati Mei, Kharis Raharjo, A. O. (2016). Pengaruh kebijakan Deviden, kebijakan hutang, pofitabilitas dan struktur kepemilikan terhadan nilai perusahaan pada perusahaan manufaktur yang terdaftar di BEI 2009- 20014. Journal of Accounting. Vol.2, No.2. Universitas Pandanaran Semarang.




DOI: http://dx.doi.org/10.31000/dmj.v7i4.9666

Article Metrics

Abstract - 167 PDF - 86

Refbacks

  • There are currently no refbacks.


Jurnal ini telah terindeks dalam:


googleGaruda crossref dimention


Office:
Editor of Dynamic Management Journal (DMJ) UMT, Building F, 3rd Floor, Department Management Faculty of Economics and Business, Universitiy Of Muhammadiyah Tangerang
Jl. Perintis Kemerdekaan I No.33, RT.007/RW.003, Babakan, Cikokol, Kec. Tangerang, Kota Tangerang, Banten 15118

Wa: 08567312111 (Galuh), 085716034977 (Eky)
Email: dynamic@gmail.com 

Dynamic management journal is licensed under Attribution-ShareAlike 4.0 International