IDEAS home Printed from https://ideas.repec.org/a/apn/agregt/v7y2023i2p153-173id16369.html
   My bibliography  Save this article

Financial Constraints vs Green Practices: Impact on Firm Value Energy in Indonesia

Author

Listed:
  • Dian Saputra
  • Zidan Dwinanda Arifin

Abstract

The impact of eco-efficiency, asset turnover, green accounting, and financial limitations on business value in the energy industry on the Indonesia Stock Exchange is examined in this study for the years 2020–2022. SmartPLS 3 was used to analyze financial statement data from 52 energy sector companies using Structural Equation Modeling-Partial Least Square (SEM-PLS). The findings indicate that while financial limitations have no discernible impact on corporate value, green accounting, asset turnover, and eco-efficiency do. The results of this study have significant implications for understanding the variables affecting business performance and value in the energy industry, as well as the significance of asset turnover, eco-efficiency measures, and green accounting in raising firm value. This research is expected to contribute to practitioners, regulators, and stakeholders in Indonesia's energy sector in the future to understand the influence of these factors.

Suggested Citation

  • Dian Saputra & Zidan Dwinanda Arifin, 2023. "Financial Constraints vs Green Practices: Impact on Firm Value Energy in Indonesia," Agregat: Jurnal Ekonomi dan Bisnis, Universitas Muhammadiyah Prof. DR HAMKA., vol. 7(2), pages 153-173.
    • Handle: RePEc:apn:agregt:v:7:y:2023:i:2:p:153-173:id:16369
    as

    Download full text from publisher

    File URL: https://journal.uhamka.ac.id/index.php/agregat/article/view/16369
    Download Restriction: no
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:apn:agregt:v:7:y:2023:i:2:p:153-173:id:16369. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Susilo (email available below). General contact details of provider: https://journal.uhamka.ac.id/index.php/agregat/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.