THE RELATIONSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND FINANCIAL PERFORMANCE OF INDONESIAN COMPANIES

Authors

  • Susi Sarumpaet Lecturer of Faculty Ekonomic - Lampung University

:

https://doi.org/10.9744/jak.7.2.pp.%2089-98

Keywords:

kinerja lingkungan, kinerja keuangan, return on asset, ISO 14001.

Abstract

Penelitian ini menguji hubungan antara kinerja lingkungan dan kinerja keuangan perusahaan-perusahaan di Indonesia. Kinerja lingkungan diukur mengunakan rating kinerja lingkungan perusahaan atau PROPER yang disediakan oleh Bapedal/Kementerian Lingkungan Hidup RI, sedangkan kinerja keuangan diukur dengan ROA (return on assets). Penelitian ini membuktikan bahwa tidak ada hubungan yang signifikan antara kinerja lingkungan dan kinerja keuangan perusahaan, akan tetapi ukuran perusahaan, listing di BEJ dan ISO 14001 berhubungan secara signifikan terhadap kinerja lingkungan. Penelitian ini juga membuktikan bahwa rating PROPER, yang disediakan oleh pemerintah Indonesia, cukup terpercaya sebagai ukuran kinerja lingkungan perusahaan, karena kesesuaiannya dengan sertifikasi internasional di bidang lingkungan, ISO 14001. Abstract in Bahasa Indonesia : This study examined the relationship between environmental performance and financial performance amongst Indonesian companies. The environmental performance is measured by corporate environmental ratings provided by Bapedal/ the Ministry of Environment RI, through a program, called PROPER, while the financial performance is measured by return on assets (ROA). Some control variables are also included in this analysis, namely: total sales, industry sector, stock exchange listing, and ISO 14001 certification. The study revealed while financial performance is not significantly associated with environmental performance, company size, stock exchange listing and ISO 14001 are significantly associated with environmental performance. This finding also indicates that the government environmental rating is highly consistent with international environmental certification. Keywords: environmental performance, financial performance, return on assets, ISO 14001 certification.

Downloads

Published

2006-05-23

How to Cite

Sarumpaet, S. (2006). THE RELATIONSHIP BETWEEN ENVIRONMENTAL PERFORMANCE AND FINANCIAL PERFORMANCE OF INDONESIAN COMPANIES. Jurnal Akuntansi Dan Keuangan, 7(2), pp. 89-98. https://doi.org/10.9744/jak.7.2.pp. 89-98

Issue

Vol. 7 No. 2 (2005): NOVEMBER 2005

Section

Articles

License

Authors who publish with this journal agree to the following terms:

  1. Authors retain the copyright and publishing right, and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) followingthe publication of the article, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).<a href="http://creativecommons.org/lice