Title:
Implementation Green Accounting to Corporate Financial Performance; Evidence in Indonesia

Authors:
Heriel E. Nguvava and Lyafufifye Anyambilile, Tanzania

Abstract:

This study intends to raise business understanding about how profits may assist the community in addition to maximizing profits, as the company's operations will affect the surroundings in which it functions. SEM (Structural Equation Modeling) statistical techniques are used in this study, which employs data from industrial businesses stated on the IDX (Indonesia Stock Exchange) during the 2019–2023 research period. The study's findings indicate that: (1) Environmental Performance is significantly and favorably impacted by Corporate Financial Performance. (2) Environmental cost can significantly and favorably impact a Corporate Financial Performance. (3) Disclosure of Corporate Social Responsibility can benefit greatly from Environmental Performance. (4) Environmental Cost are unable to significantly and favorably impact Corporate Social Responsibility Disclosure. (5) Corporate Financial Performance is negatively impacted by the Corporate Social Responsibility Disclosure. (6) Corporate Social Responsibility Disclosure cannot operate as an intermediary between Environmental Performance and Corporate Financial Performance in an indirect manner. (7) Corporate Financial Performance cannot be indirectly impacted by Environmental Cost when Corporate Social Responsibility Disclosure acts as a mediating variable.

DOI: https://doi.org/10.51505/IJEBMR.2024.81212