The The Effect of Green Accounting Implementation, Carbon Emission Disclosure, and Sustainability Report Disclosure on Firm Value
Abstract
This study investigates the impact of green accounting implementation, carbon emission disclosure, and sustainability report disclosure on firm value among energy sector companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. The research is grounded in stakeholder, legitimacy, and agency theories, which suggest that companies practicing transparency in environmental and sustainability reporting can positively influence their perceived value. Using quantitative methods and Partial Least Squares (PLS) analysis, this study examines how these disclosures contribute to a firm's market value as perceived by investors, especially in a sector significantly contributing to carbon emissions in Indonesia. The findings reveal that while green accounting practices and sustainability report disclosures positively affect firm value by enhancing transparency and credibility, carbon emission disclosures show inconsistent results in influencing firm value.
Downloads
References
Adams, C. A., & Abhayawansa, S. (2022). Connecting the COVID-19 pandemic, environmental, social and governance (ESG) investing and calls for ‘harmonisation’ of sustainability reporting. Critical Perspectives on Accounting, 82, 1–13. https://doi.org/10.1016/j.cpa.2021.102309
Bell, S., & Lehman, G. (1999). Green accounting: Accounting and the environment. Critical Perspectives on Accounting, 10(8), 791-795. https://doi.org/10.1006/cpac.1999.0350
Cahyani, P. N., & Gunawan, J. (2022). Pengaruh Pengungkapan Emisi Karbon dan Leverage Terhadap Nilai Perusahaan The Effect of Carbon Emissions Disclosure and Leverage on Firm Value. COMSERVA Jurnal Penelitian Dan Pengabdian Masyarakat, 2(6), 510–518. https://doi.org/10.36418/comserva.v
Choi, B. B., Lee, D., &Amp; Psaros, J. (2013). An Analysis Of Australian
Company Carbon Emission Disclosures. Pacific Accounting Review, 25(1), 58–79. Https://Doi.Org/Doi:Https://Doi.Org/10.1108/01140581311318968
Dwi, V., Magister, P., Akuntansi, I., Ekonomi, F., & Bisnis, D. (2020). Pengaruh Sustainability Report Terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Pemoderasi. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 579–594. https://doi.org/10.17509/jrak.v8i3.22841
Ekawati, A. S. (2023). Pengaruh Penerapan Green Accounting Melalui Profitabilitas Sebagai Variabel Mediasi Terhadap Nilai Perusahaan. Media Akuntansi Dan Perpajakan Indonesia, 5(1), 57–82. https://doi.org/10.37715/mapi.v5i1.4164
Noor, A., & Ginting, Y. L. (2022). Influence of Carbon Emission Disclosure on Firm Value of Industrial Firms in Indonesia. International Journal of Contemporary Accounting, 4(2), 151–168. https://doi.org/10.25105/ijca.v4i2.15247
Ida Ayu Kade Pradnyawati, & Desak Nyoman Sri Werastuti. (2024). Pengaruh Pengungkapan Emisi Karbon, Biaya Lingkungan, dan Good Corporate Governance terhadap Nilai Perusahaan. Vokasi : Jurnal Riset Akuntansi, 13(1), 15–26. https://doi.org/10.23887/vjra.v13i1.74430
Intergovernmental Panel on Climate Change (IPCC). (2023). Climate Change 2021 – The Physical Science Basis. In Climate Change 2021 – The Physical Science Basis. https://doi.org/10.1017/9781009157896
Lako, A. (2018). Akuntansi Hijau: Isu, Teori, Dan Aplikasi. Salemba Empat
Lestari, A. D., & Khomsiyah, K. (2023). Pengaruh Kinerja Lingkungan, Penerapan Green Accounting, dan Pengungkapan Sustainability Report Terhadap Nilai Perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (JEBMA), 3(3), 514–526. https://doi.org/10.47709/jebma.v3i3.2799
Rizki, M. K., Agriyanto, R., & Farida, D. N. (2019). The Effect of Sustainability Report and Profitability on Company Value: Evidence from Indonesian Sharia Shares. Economica: Jurnal Ekonomi Islam, 10(1), 117–140. https://doi.org/10.21580/economica.2019.10.1.3747
Un Climate Change. (2023a). Conference Of The Parties (Cop). Https://Unfccc.Int/Process/Bodies/Supreme-Bodies/Conference-Of-The-Partiescop?Page=0,0,0,2,0,0,0,0,0,0,0,0,0
Un Climate Change. (2023b). The Paris Agreement. Https://Unfccc.Int/Process-Andmeetings/The-Paris-Agreement
Wenni Anggita, Ari Agung Nugroho, & Suhaidar. (2022). Carbon Emission Disclosure And Green Accounting Practices On The Firm Value. Jurnal Akuntansi, 26(3), 464–481. https://doi.org/10.24912/ja.v26i3.1052
World Meteorological Organization. (2024). Global annual to decadal climate update (2024–2028)*. World Meteorological Organization.
Zuhrufiyah, D., & Anggraeni, D. Y. (2019). Pengungkapan Emisi Karbon dan Nilai Perusahaan (Studi Kasus pada Perusahaan di Kawasan Asia Tenggara). Jurnal Manajemen Teknologi, 18(2), 80–106. https://doi.org/10.12695/jmt.2019.18.2.1
Copyright (c) 2025 Bima Akmal Fatkhurrozi, Tantina Haryati
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
