THE INFLUENCE OF ENVIRONMENTAL COSTS AND PERFORMANCE ENVIRONMENT ON FINANCIAL PERFORMANCE
Downloads
Objective: This study aims to examine the impact of environmental costs and environmental performance on financial performance. Environmental costs, including expenditures for natural resource management, emission control, and waste management, are hypothesized to influence profitability. Meanwhile, environmental performance, which reflects the extent to which companies implement corporate social responsibility (CSR) principles, is analyzed for its effect on financial results. Method: The study employs a quantitative approach using regression analysis to investigate the relationships between environmental costs, environmental performance, and financial performance. The population consists of non-cyclical consumer companies listed on the Indonesia Stock Exchange (IDX) for the period 2022- 2023. Using purposive sampling, 98 companies were selected based on specific criteria. Results: This suggests that companies investing in sustainability and environmental initiatives can achieve long-term financial benefits. Novelty: This study highlights the relationship between environmental factors and financial outcomes within the context of non-cyclical consumer companies in Indonesia, a sector that has received limited attention in prior research. The results underscore the importance of integrating environmental sustainability into corporate strategies to enhance financial performance.
R. Alfawaz and N. F. Rigel, “Pengaruh pengungkapan Corporate Social Responsibility terhadap kinerja keuangan perusahaan sektor industri kesehatan,” vol. 4, pp. 513–521, 2022, doi: 10.20885/ncaf.vol4.art64.
R. S. A. Cahyani and W. Puspitasari, “PENGARUH KINERJA LINGKUNGAN, BIAYA LINGKUNGAN, KEPEMILIKAN SAHAM PUBLIK, GREEN ACCOUNTING, DAN STRUKTUR MODAL TERHADAP KINERJA KEUANGAN,” Jurnal Akuntansi Trisakti, vol. 10, no. 2, pp. 189–208, Sep. 2023, doi: 10.25105/jat.v10i2.17846.
G. Mustika. Ladyve, “PENGARUH KINERJA LINGKUNGAN, BIAYA LINGKUNGAN, DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN PERUSAHAAN YANG TERDAFTAR DI BURA EFEK INDONESIA TAHUN 2015 - 2018,” 2015.
J. F. Mcvea and R. E. Freeman, “A names-and-faces approach to stakeholder management how focusing on stakeholders as individuals can bring ethics and entrepreneurial strategy together,” Mar. 2005. doi: 10.1177/1056492604270799.
J. Dowling and J. Pfeffer, “Organizational Legitimacy: Social Values and Organizational Behavior,” 1975. [Online]. Available: https://www.jstor.org/stable/1388226?seq=1&cid=pdf-
Sugiyono, METODE PENELITIAN KUANTITATIF KUALITATIF DAN R&D. 2013. Accessed: Jan. 12, 2025. [Online]. Available: https://digi- lib.stekom.ac.id/assets/dokumen/ebook/feb_35efe6a47227d6031a75569c2f3f39d 44fe2db43_1652079047.pdf
S. Hermawan and M. S. Amirullah, “METODE PENELITIAN BISNIS Pendekatan Kuantitatif & Kualitatif.”
A. M. P. Rahayudi and A. Apriwandi, “Kinerja Lingkungan, Biaya Lingkungan dan Kinerja Keuangan,” Owner, vol. 7, no. 1, pp. 774–786, Jan. 2023, doi: 10.33395/owner.v7i1.1334.
S. Maryam. Sinosi, “PENGARUH KINERJA LINGKUNGAN, BIAYA LINGKUNGAN & UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN YANG TERDAFTAR PADA BURSA EFEK INDONESIA (Studi pada Perusahaan Sektor Pertambangan Periode 2018-2019),” Jurnal Ekonomi dan Bisnis, vol. 11, no. 4, 2022.
Copyright (c) 2025 Adyandra Sabrina Nareswari, Safier Ramdani, Meita Larasati
This work is licensed under a Creative Commons Attribution 4.0 International License.
