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Green Accounting, CSR Disclosure, Firm Value, and Profitability Mediation

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Listed:
  • Susi Susilawati
  • Dian Arifiyanti
  • Samukri
  • Maria Suryaningsih
  • Arlis Dewi Kuraesin

Abstract

The study aimed to analyze the profitability in mediating the influence of green accounting and corporate social responsibility disclosure on the firm value. The samples consisted of 220 manufacturing companies, while the moderating variable regression was used in data analysis. The effect of mediating variables was determined using the Sobel test. The study results showed that green accounting did not affect firm value; while CSR disclosure and profitability influenced firm value, but profitability was not able to mediate the effect of green accounting and CSR disclosure on the firm value. The unintegrated system and the company's inability to internalize green accounting and CSR disclosure hindered its non-financial goals to gain an advantage in a competitive market.

Suggested Citation

  • Susi Susilawati & Dian Arifiyanti & Samukri & Maria Suryaningsih & Arlis Dewi Kuraesin, 2024. "Green Accounting, CSR Disclosure, Firm Value, and Profitability Mediation," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 1, pages 14-26.
    • Handle: RePEc:bas:econst:y:2024:i:1:p:14-26
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    References listed on IDEAS

    as
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    3. Cho, Charles H. & Patten, Dennis M., 2013. "Green accounting: Reflections from a CSR and environmental disclosure perspective," CRITICAL PERSPECTIVES ON ACCOUNTING, Elsevier, vol. 24(6), pages 443-447.
    4. Roger C. Y. Chen & Chen-Hsun Lee, 2017. "The influence of CSR on firm value: an application of panel smooth transition regression on Taiwan," Applied Economics, Taylor & Francis Journals, vol. 49(34), pages 3422-3434, July.
    5. Sudawan Somjai & Ratchada Fongtanakit & Khomsan Laosillapacharoen, 2020. "Impact of Environmental Commitment, Environmental Management Accounting and Green Innovation on Firm Performance: An Empirical Investigation," International Journal of Energy Economics and Policy, Econjournals, vol. 10(3), pages 204-210.
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    Full references (including those not matched with items on IDEAS)

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    More about this item

    JEL classification:

    • G32 - Financial Economics - - Corporate Finance and Governance - - - Financing Policy; Financial Risk and Risk Management; Capital and Ownership Structure; Value of Firms; Goodwill
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • L25 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Firm Performance

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