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Carbon Emission Disclosure and Environmental Performance Effect on Firm Value

Authors: Dinda Amelia Asyifa; Dian Imanina Burhany;

Carbon Emission Disclosure and Environmental Performance Effect on Firm Value

Abstract

{"references": ["Earth Observatory NASA, \"2020 Tied for Warmest Year on Record,\"earthobservatory.nasa.gov, 2020. https://earthobservatory.nasa.gov/images/147794/2020-tied-for-warmest-year-on-record. (accessed Jan. 14, 2021).", "United Nations Climate Action, \"COP26 Goals,\"un.org, 2021. https://ukcop26.org/cop26-goals/ (accessed Nov. 05, 2021)", "F. N. Ulya, \"Sri Mulyani Ingin BEI Jadi Platform Kredibel Buat Perdagangan Karbon,\" money.kompas.com, 2021. https://money.kompas.com/read/2021/11/16/150232426/sri-mulyani-ingin-beijadi-platform-kredibel-buat-perdagangan-karbon (accessed Nov. 26, 2021).", "Y. R. Ummah and D. Setiawan, \"Do Board of Commissioners Characteristic and International Environmental Certification Affect Carbon Disclosure? Evidence from Indonesia,\"J. Din. Akunt. dan Bisnis, vol. 8, no. 2, pp. 215\u2013228, Oct. 2021, doi: 10.24815/jdab.v8i2.21332.", "C. Kelvin, F. E. Daromes, and S. Ng, \"PENGUNGKAPAN EMISI KARBON SEBAGAI MEKANISME PENINGKATAN KINERJA UNTUK MENCIPTAKAN NILAI PERUSAHAAN,\" Din. Akuntansi, Keuang. dan Perbank., vol. 6, no. 1, pp. 1\u201318, 2017.", "S. Sidik, \"Reksadana Terbaru RHB Asset Management Usung Konsep Investasi Berkelanjutan. 8 November,\" tribunnews.com, 2017. https://www.tribunnews.com/bisnis/2017/11/08/reksadana-terbarurhb-asset-management-usung-konsep-investasi-berkelanjutan (accessed Dec. 05, 2021).", "D. Zuhrufiyah and D. Y. Anggraeni, \"Pengungkapan Emisi Karbon dan Nilai Perusahaan (Studi Kasus pada Perusahaan di Kawasan Asia Tenggara),\" J. Manaj. Teknol., vol. 18, no. 2, pp. 80\u2013106, 2019, doi: 10.12695/jmt.2019.18.2.1.", "M. Hardiyansah, A. T. Agustini, and I. Purnamawati, \"The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type,\"J. Asian Financ. Econ. Bus., vol. 8, no. 1, pp. 123\u2013133, 2021, doi: 10.13106/jafeb.2021.vol8.no1.123"]}

Companies as carbon emitters must show their responsibility towards the environment by reducing carbon emissions. In order to gain legitimacy, companies need to disclose their carbon emission and have good environmental performance. These two aspects are very important because they will impact investors' perceptions and the value of the firm. This paper determines the impact of the disclosure of carbon emissions and environmental performance on firm value. The sample is seven companies on the SRI-KEHATI index from 2016-2020 (5 years). This study used quantitative methods. The secondary data is obtained from published financial reports by the Indonesia Stock Exchange (www.idx.com), sustainability reports, annual reports published through the company's website, and the Ministry of Environment and Forestry's Decree about the PROPER selection from (proper.menlhk.go.id). In order to test the hypothesis, multiple linear regression is used. This study result shows that: carbon emission disclosure has no affect the firm's value. While the environmental performance positively affects the firm value, the carbon emission disclosure and environmental performance positively affects firm's value

Keywords

Environmental Performance,, Carbon Emission Disclosure,, Firm Value

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popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
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influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
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impulse
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