The Impact of Green Accounting and Corporate Social Responsibility Implementation on Company Values

Ni Komang Nari Ning Ratih; Ni Luh Putu Ratna Wahyu Lestari; Cokorda Krisna Yudha

doi:10.38142/jogta.v5i2.2135

Authors

Ni Komang Nari Ning Ratih Universitas Warmadewa, Indonesia
Ni Luh Putu Ratna Wahyu Lestari Universitas Warmadewa, Indonesia
Cokorda Krisna Yudha Universitas Warmadewa, Indonesia

DOI:

https://doi.org/10.38142/jogta.v5i2.2135

Keywords:

Green Accounting, Corporate Social Responsibility, Firm Value, Energy Sector

Abstract

This study is entitled The Effect of Green Accounting Implementation and Corporate Social Responsibility on Firm Value. The purpose of this study is to evaluate the role of green accounting implementation and corporate social responsibility disclosure in influencing firm value in energy sector companies listed on the Indonesia Stock Exchange during the 2022-2024 period. The research problem focuses on whether these two variables have a significant effect on firm value. This study employs a quantitative approach using secondary data obtained from annual reports and sustainability reports. The sample was selected using the purposive sampling method, resulting in 11 companies with a total of 33 observation units. Data processing and analysis were conducted using panel data regression with the assistance of the EViews application. The results indicate that the implementation of green accounting has a positive and significant effect on firm value, reflecting that transparency related to environmental costs and activities can enhance investor confidence. In contrast, corporate social responsibility shows a negative and significant effect on firm value, suggesting that CSR disclosure has not yet been fully perceived as providing direct economic benefits by investors in the energy sector. This study is expected to contribute to the development of environmental accounting literature and serve as a reference for companies and investors in decision-making processes.

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