PENGARUH GREEN ACCOUNTING DAN PENGUNGKAPAN CSR TERHADAP NILAI PERUSAHAAN: PROFITABILITAS SEBAGAI VARIABEL MEDIASI

Abstract

This research aimed to examine the effect of green accounting and disclosure of CSR on firm value through the
profitability of basic materials companies that were listed on the Indonesia Stock Exchange (IDX) from 2018-up
to 2020. Green Accounting which was referred to as environment performance was measured by PROPER.
Meanwhile, the disclosure of CSR was measured by CSRDI. Moreover, the firm value was measured by
Tobins’Q, and profitability was measured by Return On Equity. The research was quantitative. Furthermore,
the data collection technique used purposive sampling, in which the sample was based on the criteria given. In
line with that, there were 48 samples from 16 basic materials companies with the observation from 2018-up to
2020. However, there were 2 outliers of data of observation; so, the sample became 46 samples. Additionally, the
data analysis technique used 2 steps of multiple regression. The research result concluded that 1) Green
Accounting did not affect profitability, 2) Disclosure of CSR had a negative effect on profitability, 3)
Profitability did not affect firm value, 4) Green Accounting did not affect firm value, 5) Profitability was not
able to affect the relationship between Green Accounting on firm value, and 7) Profitability was not able to affect
the relationship between disclosure of CSR on firm value.