PENGARUH PENERAPAN GREEN ACCOUNTING TERHADAP PERTUMBUHAN HARGA SAHAM DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERATING

Abstract

The purpose of this research was to examine the influence of green accounting on the stock price growth with profitability as a moderating variable in food and beverages manufacturing companies which is listed in Indonesia Stock Exchange (IDX) period 2014-2016. The sample consisted of 10 manufacturing companies which is listed in the Indonesia Stock Exchange (BEI) with a total of 30 observations and selected by purposive sampling. The data of audited financial statements and annual reports are obtained from indo-exchange files (IDX). Hypothesis testing in this research used multiple linear regression analysis. Green accounting variables were measured using green accounting disclusure (GAD), profitability was measured using return on assets (ROA), and growth of company stock price using closing price. The results show that green accounting has a positive influence on the growth of the company stock price. This means that the higher the application of green accounting the more increasing the price of the company's stock. While the analysis of moderating variables with interaction test methods moderated regression analysis (MRA) indicates that profitability moderate the influence of the green accounting on the growth of the company stock price. It can be concluded that green accounting can increase the growth of the company stock price at the time of high profitability and the otherwise.
Key words : Green accounting, profitability, stock price growth