Pengaruh Green Accounting Terhadap Kinerja Lingkungan & Kinerja Keuangan Pada Perusahaan Manufaktur
Repository Politeknik Negeri Batam
Date
2025-08-08
Authors
Elsa Agustina Siagian Elsa Agustina Siagian
Journal Title
Journal ISSN
Volume Title
Publisher
Politeknik Negeri Batam
Abstract
This study analyzes the effect of green accounting on environmental and financial performance in
manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2021–2023. Using a quantitative
approach with secondary data from 30 firms, the results show that green accounting significantly improves
environmental performance, but has no direct effect on Return on Assets (ROA). Environmental performance acts as a
partial mediator in the relationship. These findings support legitimacy theory and stakeholder theory within the
context of sustainable business practices.
Description
This quantitative study examines the causal relationship between green accounting implementation, environmental performance (measured by ESG scores), and financial performance (measured by ROA) in Indonesian manufacturing companies listed on the IDX (2019-2021). Utilizing secondary data and regression analysis, the findings indicate that green accounting significantly improves environmental performance but has no direct effect on short-term financial performance. Environmental performance is identified as a partial mediator, suggesting that financial benefits are achieved indirectly through enhanced ecological outcomes. The research supports Legitimacy and Stakeholder theories, highlighting the role of sustainable practices in maintaining corporate social license to operate.
Keywords
Financial Performance, Sustainability Reporting
Citation
APA