THE EFFECT OF GREEN ACCOUNTING, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, AND PROFITABILITY ON COMPANY VALUE

Abstract

This study aims to analyze the effect of Green Accounting, Corporate Social Responsibility Disclosure, and profitability on firm value in the mining sector listed on the Indonesia Stock Exchange for the period 2019–2023. The research employs multiple linear regression methods using secondary data from annual reports, sustainability reports, and PROPER scores. The results indicate that, simultaneously, the three independent variables significantly affect firm value, while partially only Green Accounting has a significant negative effect. The research model has a coefficient of determination of 31.2%, implying that other factors outside the model also contribute to firm value. Research limitations include the scope of the sample and observation period, so further studies are recommended with expanded objects and variables. These findings highlight the importance of integrated environmental reporting, social responsibility, and profitability policies to enhance the value of mining companies in Indonesia.

Keywords : Green Accounting, Corporate Social Responsibility Disclosure, Profitability, Firm Value, Mining

Abstrak

Penelitian ini bertujuan untuk menganalisis pengaruh Green Accounting, Corporate Social Responsibility Disclosure, dan profitabilitas terhadap nilai perusahaan pada sektor pertambangan yang terdaftar di Bursa Efek Indonesia periode 2019–2023. Metode yang digunakan adalah regresi linier berganda dengan data sekunder berbasis laporan tahunan, laporan keberlanjutan, dan skor PROPER. Hasil penelitian menunjukkan bahwa secara simultan ketiga variabel independen berpengaruh signifikan terhadap nilai perusahaan, sedangkan secara parsial hanya Green Accounting yang berpengaruh negatif signifikan. Model penelitian memiliki koefisien determinasi 31,2%, mengindikasikan adanya faktor lain di luar model yang turut memengaruhi nilai perusahaan. Keterbatasan penelitian ini terletak pada cakupan sampel dan periode observasi, sehingga perlu penelitian lanjutan dengan memperluas objek dan variabel. Implikasi hasil ini menegaskan pentingnya keterpaduan kebijakan pelaporan lingkungan, tanggung jawab sosial, dan profitabilitas dalam meningkatkan nilai perusahaan pertambangan di Indonesia.

Kata Kunci : Green Accounting, Corporate Social Responsibility Disclosure, Profitabilitas, Nilai Perusahaan, Pertambangan