IMPACT OF GREEN INNOVATION AND GREEN INVESTMENT ON FIRM VALUE
Abstract
Penelitian ini mengkaji pengaruh pengungkapan CSR, green innovation, ROE, DER, dan green investment terhadap nilai perusahaan. Data sekunder berupa laporan tahunan dan laporan keberlanjutan perusahaan sektor makanan dan minuman tercatat di BEI tahun 2021-2023 digunakan dalam penelitian ini. Pemilihan sampel menggunakan metode purposive sampling. Analisis regresi berganda digunakan untuk menguji hipotesis melalui aplikasi statistik SPSS. Hasil penelitian menunjukkan pengungkapan CSR dan green process innovation berpengaruh negatif terhadap nilai perusahaan. Green product innovation dan ROE berpengaruh positif terhadap nilai perusahaan. Sementara itu, DER dan green investement tidak berpengaruh terhadap nilai perusahaan.
References
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Putri, H. D., & Agustin, H. (2023). Apakah Inovasi Hijau Dan Pengungkapan Emisi Karbon Dapat Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur? Jurnal Akademi Akuntansi, 6(1). https://doi.org/10.22219/jaa.v6i1.22814
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Tanasya, A., Handayani, S. (2020). Green Investement dan Corporate Governance Terhadap Nilai Perusahaan: Profitablitas sebagai Pemediasi. (2020). Jurnal Bisnis dan Akuntansi. https://doi.org/10.34208/jba.v22i2.727
Tonay, C., & Murwaningsari, E. (2022). Pengaruh Green Innovation dan Green Intellectual Capital terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Moderasi. Jurnal Bisnis dan Akuntansi, 24(2). https://doi.org/10.34208/jba.v24i2.1484
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Zhang, Y., & Berhe, H. M. (2022). The Impact of Green Investment and Green Marketing on Business Performance: The Mediation Role of Corporate Social Responsibility in Ethiopia’s Chinese Textile Companies. Sustainability (Switzerland), 14(7). https://doi.org/10.3390/su14073883
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Ar, I. M. (2012). The Impact of Green Product Innovation on Firm Performance and Competitive Capability: The Moderating Role of Managerial Environmental Concern. Procedia - Social and Behavioral Sciences, 62. https://doi.org/10.1016/j.sbspro.2012.09.144
Ardillah, K., Breliastiti, R., Setiawan, T., & Machdar, N. M. (2022). The Role of Ownership Structure in Moderating the Relationship Between Tax Avoidance, Corporate Social Responsibility Disclosure, and Firm Value. Accounting Analysis Journal, 11(1). https://doi.org/10.15294/aaj.v11i1.58613
Aryadita, P. H., Hariyanto, E., Wahyuni, S., & Fitriati, A. (2024). Analisis Faktor-faktor Yang Mempengaruhi Nilai Perusahaan Dengan Kebijakan Dividen Sebagai Variabel Moderasi. Owner: Riset Dan Jurnal Akuntansi, 8(2), 1632- 1647. https://doi.org/10.33395/owner.v8i2.2136
Aspari, W. Y., & Ramli, R. (2024). Pengaruh Ukuran Perusahaan, Return on Asset dan Debt to Equity Ratio terhadap Nilai Perusahaan yang Dimoderasi oleh Kebijakan Dividen pada Industri Rokok. JIIP - Jurnal Ilmiah Ilmu Pendidikan, 7(3). https://doi.org/10.54371/jiip.v7i3.3732
Azhari, A. M. B., & Hasibuan, D. H. M. (2023). The Effect of Green Investment, Intellectual Capital Disclosure, and Carbon Emission Disclosure on Firm Value. Riset, 5(2). https://doi.org/10.37641/riset.v5i2.269
Fitriani, N., Sadikin, A., & Wahyuni, A. (2021). Analisis Pengaruh Corporate Social Responsibility Terhadap Return Saham Dengan ROE Sebagai Variabel Moderating Pada Indeks LQ-45. Al-KALAM JURNAL KOMUNIKASI, BISNIS DAN MANAJEMEN, 8(1). https://doi.org/10.31602/al-kalam.v8i1.4160
Handayati, P., Sumarsono, H., & Narmaditya, B. S. (2022). Cororate Social Responsibility Disclosure and Indonesian Firm Value: The Moderating Effect of Profitability and Firm’s Size. Journal of Eastern European and Central Asian Research, 9(4). https://doi.org/10.15549/jeecar.v9i4.940
Husnaini, W., & Tjahjadi, B. (2021). Quality management, green innovation and firm value: Evidence from indonesia. International Journal of Energy Economics and Policy, 11(1). https://doi.org/10.32479/ijeep.10282
Indriastuti, M., Chariri, A., & Fuad, F. (2023). Good Corporate Governance, Corporate Social Responsibility Disclosure,, Tax Avoidance Towards Firm Value. TRIKONOMIKA, 22(1). https://doi.org/10.23969/trikonomika.v22i1.3912
Isnaeni, W. A., Santoso, S. B., Rachmawati, E., & Santoso, S. E. B. (2021). Pengaruh Profitabilitas, Pertumbuhan Perusahaan, Ukuran Perusahaan dan Struktur Modal Terhadap Nilai Perusahaan. Review of Applied Accounting Research (RAAR), 1(1). https://doi.org/10.30595/raar.v1i1.11720
Kharisma, P., & Priyadi, M. P. (2023). Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Sebagai Variabel Moderasi. Jurnal Ilmiah Akuntansi dan Keuangan (JIAKu), 2(3). https://doi.org/10.24034/jiaku.v2i3.6048
Li, D., Zhao, Y., Zhang, L., Chen, X., & Cao, C. (2018). Impact of quality management on green innovation. Journal of Cleaner Production, 170. https://doi.org/10.1016/j.jclepro.2017.09.158
Lin, H., Zeng, S. X., Ma, H. Y., Qi, G. Y., & Tam, V. W. Y. (2014). Can political capital drive corporate green innovation? Lessons from China. Journal of Cleaner Production, 64. https://doi.org/10.1016/j.jclepro.2013.07.046
Listyawati, I., & Kristiana, I. (2021). Pengaruh Return on Equity, Current Ratio, Size Company dan Debt to Equity Ratio Terhadap Nilai Perusahaan. MAKSIMUM, 10(2). https://doi.org/10.26714/mki.10.2.2020.47-57
Muhamad Fahminuddin Rosyid, Erwin Saraswati, & Abdul Ghofar. (2022). Firm Value: CSR Disclosure, Risk Management and Good Corporate Governance Dimensions. Jurnal Reviu Akuntansi dan Keuangan, 12(1). https://doi.org/10.22219/jrak.v12i1.18731
Muslim Muslim, H. A. (2022). Several Factors Affecting Firm Value Manufacturing in Indonesia. Jurnal Akuntansi, 26(1). https://doi.org/10.24912/ja.v26i1.821
Nuriyah, A. I., & Amir, A. (2023). The Effect of Free Cash Flow, Leverage, Information Asymmetry, and Managerial Ownership to Profit Management. Ratio: Reviu Akuntansi Kontemporer Indonesia, 4(1). https://doi.org/10.30595/ratio.v4i1.15607
Putri, H. D., & Agustin, H. (2023). Apakah Inovasi Hijau Dan Pengungkapan Emisi Karbon Dapat Mempengaruhi Nilai Perusahaan Pada Perusahaan Manufaktur? Jurnal Akademi Akuntansi, 6(1). https://doi.org/10.22219/jaa.v6i1.22814
Rahmawati, D. V., Wahyuni, S., Fitriati, A., & Purwidianti, W. (2023). Kebijakan Dividen Sebagai Pemoderasi Terhadap Determinan Nilai Perusahaan. JAP (Jurnal Akuntansi Dan Pajak), 23(02), 1–10. http://jurnal.stie-aas.ac.id/index.php/jap
Riyawati, E. (2019). Pengaruh Ukuran Perusahaan, Return on Equity (ROE), Kebijakan Deviden Terhadap Nilai Perusahaan Sektor Makanan dan Minuman yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2016. Jurnal Edueco, 2(1). https://doi.org/10.36277/edueco.v2i1.37
Siahaan, D., & Herijawati, E. (2023). Pengaruh Current Ratio, Debt to Equity Ratio, Dan Return On Equity Terhadap Nilai Perusahaan (Studi pada Perusahaan Food and Beverage yang terdaftar di BEI periode tahun 2016-2020). Innovative: Journal Of Social Science Research, 3(4). https://j-innovative.org/index.php/Innovative/article/view/3674
Silaban, D., & Dewi, R. R. (2023). The Effects of Green Innovation, Eco-Efficiency, Business Strategy, Technology Information Investment, and Profitability on Firm Value. Ilomata International Journal of Tax and Accounting, 4(3). https://doi.org/10.52728/ijtc.v4i3.791
Sugiarto, A., Sriyatun, S., & Sriyatun, S. (2024). Pengaruh Return on Equity, Ukuran Perusahaan dan Debt to Equity Ratio terhadap Nilai Perusahaan Sektor Barang Konsumsi Periode 2018-2022. JIIP - Jurnal Ilmiah Ilmu Pendidikan, 7(3). https://doi.org/10.54371/jiip.v7i3.3981
Tanasya, A., Handayani, S. (2020). Green Investement dan Corporate Governance Terhadap Nilai Perusahaan: Profitablitas sebagai Pemediasi. (2020). Jurnal Bisnis dan Akuntansi. https://doi.org/10.34208/jba.v22i2.727
Tonay, C., & Murwaningsari, E. (2022). Pengaruh Green Innovation dan Green Intellectual Capital terhadap Nilai Perusahaan dengan Ukuran Perusahaan sebagai Moderasi. Jurnal Bisnis dan Akuntansi, 24(2). https://doi.org/10.34208/jba.v24i2.1484
Triyani, & Rusmanto, T. (2023). The Effect of Social Responsibility Disclosure, Carbon Emission Disclosure, Green Investment, and Financial Performance Toward Firm Value: The Case of Indonesia. https://doi.org/10.46254/in02.20220457
Vira, A. N., & Wirakusuma, M. G. (2019). Pengaruh Pengungkapan Corporate Social Responsibility Pada Nilai Perusahaan Dengan Good Corporate Governance Sebagai Pemoderasi. E-Jurnal Akuntansi. https://doi.org/10.24843/eja.2019.v26.i02.p17
Xie, X., Huo, J., & Zou, H. (2019). Green process innovation, green product innovation, and corporate financial performance: A content analysis method. Journal of Business Research, 101. https://doi.org/10.1016/j.jbusres.2019.01.010
Zhang, Y., & Berhe, H. M. (2022). The Impact of Green Investment and Green Marketing on Business Performance: The Mediation Role of Corporate Social Responsibility in Ethiopia’s Chinese Textile Companies. Sustainability (Switzerland), 14(7). https://doi.org/10.3390/su14073883
Zulkarnaen, W., Fitriani, I., & Yuningsih, N. (2020). Pengembangan Supply Chain Management Dalam Pengelolaan Distribusi Logistik Pemilu Yang Lebih Tepat Jenis, Tepat Jumlah Dan Tepat Waktu Berbasis Human Resources Competency Development Di KPU Jawa Barat. Jurnal Ilmiah MEA (Manajemen, Ekonomi, & Akuntansi), 4(2), 222-243. https://doi.org/10.31955/mea.vol4.iss2.pp222-243.
Published
2025-03-10
How to Cite
Samino, Z. D. A., Santoso, S. E. B., Fitriati, A., & Amir, A. (2025). IMPACT OF GREEN INNOVATION AND GREEN INVESTMENT ON FIRM VALUE. Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA), 9(1), 1368-1386. https://doi.org/10.31955/mea.v9i1.5182
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