The Influence of Green Accounting Implementation and Environmental Performance on Firm Value

Abstract

This research aims to test, analyze and empirically prove the influence of green accounting
and environmental performance on company value in basic materials sector companies listed
on the Indonesia Stock Exchange in 2021-2023 with a population of 107 companies. The
research sample was selected using a purposive sampling technique according to the criteria
so that a sample of 20 companies was obtained. This research uses the SPSS version 29
application to test sample data for each variable. This research is causality research with a
quantitative approach that uses secondary data collected from annual financial reports and
company continuity reports obtained from the official website of the Indonesia Stock
Exchange www.idx.co.id and which can be obtained from the respective company websites.
The results of the green accounting study measured by the environmental cost ratio have a
significant effect on company value. While the environmental performance variable
measured by the PROPER rating does not have a significant effect on company value. The
novelty in this study is that the green accounting variable is seen from the environmental
costs measured using the formula environmental costs / net profit after tax. While previous
studies, environmental costs were measured using dummy variables. Then the company
value variable was measured using Tobin's Q. However, in this study the company value
variable was measured using Price to Book Value (PBV).