The Influence of Green Technology, Environmental Disclosure and Green Intellectual Capital on Stock Returns

Purpose –Company performance can be measured in terms of financial and non-financial. Shareholders are motivated to invest their capital in the hope of getting a return in accordance with the capital invested. Indonesia is currently in a dilemma with a knowledge-based, fast-changing and technology-based economy. Most companies use technology to improve the efficiency of company activities and reduce costs incurred. Issues related to the environment and the adoption of green technology have received much attention over the past few years. The purpose of this study is to determine the relationship between Green technology, environmental disclosure and green intellectual capital on stock returns Design/methodology/approach –The type of data in this study is secondary data. The samples used in the study were Basic Materials and Transportation & Logistic companies with a sample size of 267. Findings –The results show no effect of green technology on stock returns. There is a significant negative relationship between Green Intellectual Capital and stock returns. While environmental disclosure has a significant positive effect on stock returns. Research limitations/implications –In developing countries, no statistically relevant relationship was found between fair valuation and earnings quality, which may be due to the adoption of IFRS and the lack of experience in fair valuation, or more generally, the very low influence of IFRS regulations on local accounting practices. Originality/value –In this paper, researchers use clear technology to measure green technology that has not been used by previous researchers.