The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023)
Year: 2025
Type: article
Abstract: This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the exploratory quantitative approach. The population is the company that won the 2023 Asia Sustainability Reporting Awards, consisting of 30 companies. By using the purposive sampling technique, 13 sample data were obtained for this research. The data analysis technique used is Multiple Linear Regression. The research results show that partial energy use has no significant effect on company value, partial water consumption has a significant effect on company value, and partial emissions have no significant effect on company value. Simultaneously, energy use, water consumption, and the resulting emissions influence company value. This study presents several findings that highlight the effect of green accounting on increasing firm value in the 2023 Asia Sustainability Reporting Awards winning companies. These results are expected to make a positive contribution to stakeholders and influence the formulation of policies related to financial information that is relevant to these stakeholders.
Authors: Septiana Rizky, Eddy Winarso
Institution: Universitas Jenderal Achmad Yani
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
SDG: Climate action
Open Access status: diamond
OpenAlex ID: W4408103131