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Achievement of Carbon Emission Disclosure as a Mediator between Factors Increasing Firm Value: Eco-efficiency and Green Innovation

Author

Listed:
  • Petty Aprilia Sari

    (Department of Accounting, Institute of Economic Science Putra Perdana Indonesia, Indonesia)

  • Muh. Rays

    (Department of Accounting, Institute of Economic Science Putra Perdana Indonesia, Indonesia)

  • Purwanti Purwanti

    (Department of Accounting, Institute of Economic Science Putra Perdana Indonesia, Indonesia)

  • Imam Hidayat

    (Faculty of Economics and Business, University of Muhammadiyah Tangerang, Indonesia)

Abstract

Investors today are more interested in investing in that care about the environment, but there are still many companies that focus only on financial gains and ignore environmental issues. Companies are being charged with disclosure of their emissions and climate transaction plans. Companies that disclose Carbon Emission Disclosure have different values in the eyes of investors and other stakeholders. The study aims to determine the impact of Eco-efficiency and Green Innovation on Firm Value by disclosing Carbon Emission as Intervening Variable on Manufacturing Companies listed on the Indonesian Stock Exchange in the period 2019-2023. Research uses a quantitative approach. The samples used in this study were 24 companies selected using purposive sampling techniques. The data used is 120 observations. Hypothesis testing using Ordinary Least Square regression and robust regression with Stata 17.0. The results of the research showed that the eco-efficiency variable had a significant positive impact on Firm Value, Green Innovation had an significant positive effect on Firm Value, Carbon Emission Disclosure had a major positive impact upon Firm Value, Eco-Efficiency had a substantial positive influence on Carbon Emission Disclosure, Green Innovating had a significant positive effect upon Carbon Emission Disclosure, Carbon emission disclosures were unable to mediate the impact of Eco- Efficiency on Firm Value, and Carbon Emission Disclosure was capable of mediating the green innovation's impact on the Firm Value.

Suggested Citation

  • Petty Aprilia Sari & Muh. Rays & Purwanti Purwanti & Imam Hidayat, 2024. "Achievement of Carbon Emission Disclosure as a Mediator between Factors Increasing Firm Value: Eco-efficiency and Green Innovation," International Journal of Energy Economics and Policy, Econjournals, vol. 14(6), pages 246-253, November.
    • Handle: RePEc:eco:journ2:2024-06-24
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    References listed on IDEAS

    as
    1. Imam Hidayat & Hamdani Hamdani & Dirvi Surya Abbas & Nguyen Thanh Lam & Petty Aprilia Sari, 2024. "The Role of Environmental Management Accounting in Mediating Green Innovation to Firm Value: Moderated by Quality Management," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 281-287, May.
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    More about this item

    Keywords

    Eco-Efficiency; Green Innovation; Firm Value; Carbon Emission Disclosure;
    All these keywords.

    JEL classification:

    • G14 - Financial Economics - - General Financial Markets - - - Information and Market Efficiency; Event Studies; Insider Trading
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility
    • O16 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
    • 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

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