FINANCIAL PERFORMANCE AS SEEN FROM THE ANGLE OF: GREEN ACCOUNTING, ENVIRONMENTAL PERFORMANCE, AND INTELLECTUAL CAPITAL IN MAJOR ENERGY SECTOR COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE
Nelli Novyarni, Andi Sulistyantoro, Reni Harni, Kartijo

Sekolah Tinggi Ilmu Ekonomi Indonesia, Jakarta

Abstract

Thisl study aimsl to investigate lthe effect of lGreen Accounting, lEnvironmental Performance, and Intellectual Capital onl Financial lPerformance in primary energy lsector companies llisted on lthe Indonesia Stockl Exchangel (IDX) duringl thel 2020-2023l period. Thel study employs a quantitativel approach with a causal research design. The quantitative method is usedtosystematically and objectively collect, process, analyze,and present data in order to test hypotheses. Causal research is applied to explain cause-and-effect relationships between GreenAccounting, Environmental Performance, and Intellectual Capital on FinancialPerformance. Thel population inl this studyl consists ofl 40 primary energy lsector companies listedl on thel IDX. After applying eligibility criteria, 31 companies were selected asthe sample. Al total ofl 124 company-yearl observations were used throughout the research lperiod.
lThe resultsl show lthat: (1) Green lAccounting has al significant leffect on lFinancial Performance- (2) Environmentall Performancel has no significantl leffect onl Financial lPerformance- (3)Intellectual Capital hasl a significantl effect onl Financial lPerformance- and (4) Green Accounting, Environmental Performance, and Intellectual Capital simultaneously have asignificant effectl on lFinancial Performance.

Keywords: Green Accounting, Intellectual lCapital, Financial lPerformance, Environmental Performance

Topic: Social Community Dynamics in the Digital Age