Carbon emission disclosure: reviewed from Profitability and Environmental Performance in Sharia-Based High Profile Companies
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Abstract
This study was conducted to analyze the relationship between profitability and environmental performance to carbon emission disclosure. The grand theory used is the theory of legitimacy and the theory of stakeholders. The research method used is quantitative with a descriptive approach. This study uses secondary data with the purposive sampling method; the sample of this study is 6 companies with a total of 30 data observed in the period 2019-2023. The results of this study show that (1) Profitability has a positive and significant effect on carbon emission disclosure; (2) Environmental performance has a positive and significant effect on carbon emission disclosure
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How to Cite
Hariatih, H., Rahmah, R., Azzahra, N., & Amri, A. N. (2024). Carbon emission disclosure: reviewed from Profitability and Environmental Performance in Sharia-Based High Profile Companies. Enrichment : Journal of Management, 14(4), 658-667. https://doi.org/10.35335/enrichment.v14i4.2046
References
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Ardianto, A., Anridho, N., Cahyono, S., Noman Alam, A. H. M., & Harymawan, I. (2024). The role of risk management committee on the relationship between corporate carbon emission disclosure and capital structure. Corporate Social Responsibility and Environmental Management, 31(3), 2127–2158. https://doi.org/10.1002/CSR.2671
Aziz, I., & Hariatih, H. (2022). Effect of Liquidity and Solvency on Profitability of Banking Companies in Indonesia A R T I C L E I N F O. JER:JournalEconomicResources. www.idx.co.id,
Bakry, W., Mallik, G., Nghiem, X. H., Sinha, A., & Vo, X. V. (2023). Is green finance really “green”? Examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries. Renewable Energy, 208, 341–355. https://doi.org/10.1016/J.RENENE.2023.03.020
Dzikriansyah, M. A., Masudin, I., Zulfikarijah, F., Jihadi, M., & Jatmiko, R. D. (2023). The role of green supply chain management practices on environmental performance: A case of Indonesian small and medium enterprises. Cleaner Logistics and Supply Chain, 6, 100100. https://doi.org/10.1016/J.CLSCN.2023.100100
Hadiwibowo, I., Limarty, D., & Azis, M. T. (2023). PENGUNGKAPAN EMISI KARBON, PENERAPAN GREEN ACCOUNTING DAN KINERJA LINGKUNGAN PADA NILAI PERUSAHAAN. Jurnal Riset Akuntansi Mercu Buana, 9(2). https://doi.org/10.26486/JRAMB.V9I2.3458
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Lee, J.-H., Cho, J.-H., Lee, J.-H. ;, & Cho, J.-H. (2021). Firm-Value Effects of Carbon Emissions and Carbon Disclosures—Evidence from Korea. International Journal of Environmental Research and Public Health 2021, Vol. 18, Page 12166, 18(22), 12166. https://doi.org/10.3390/IJERPH182212166
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Maulana, A., Theresna Ruchjana, E., Nurdiansyah, D. H., & Karawang, U. S. (2021). THE EFFECT OF COMPANY SIZE, PROFITABILITY, LEVERAGE, AND ENVIRONMENTAL PERFORMANCE ON ENVIRONMENTAL DISCLOSURE. Business and Accounting, 4.
Mu, H. L., Xu, J., & Chen, S. (2024). The impact of corporate social responsibility types on happiness management: a stakeholder theory perspective. Management Decision, 62(2), 591–613. https://doi.org/10.1108/MD-02-2023-0267/FULL/PDF
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Nianty, D. A., Rachma, N., Susanti, A., & Nurfaulia, N. (2023). Green Accounting Terhadap Kinerja Keuangan Dengan Environmental Performance Sebagai Variabel Intervening. Jurnal Manajemen STIE Muhammadiyah Palopo, 9(2), 205–219. https://doi.org/10.35906/JURMAN.V9I2.1696
Nur Farida, H., & Sofyani, H. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Leverage, Afiliasi Politik, Dan Dewan Komisaris Independen Terhadap Carbon Emission Disclosure : Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di BEI Periode 2014-2016. Reviu Akuntansi Dan Bisnis Indonesia, 2(2), 97–106. https://doi.org/10.18196/RAB.020224
Pratiwi, L., Maharani, B., & Sayekti, Y. (2021). Determinants of Carbon Emission Disclosure: An Empirical Study on Indonesian Manufacturing Companies. The Indonesian Accounting Review, 11(2), 197–207. https://doi.org/10.14414/tiar.v11i2.2411
Rachmawati, S. (2021). GREEN STRATEGY MODERATE THE EFFECT OF CARBON EMISSION DISCLOSURE AND ENVIRONMENTAL PERFORMANCE ON FIRM VALUE. International Journal of Contemporary Accounting, 3(2), 133–152. https://doi.org/10.25105/IJCA.V3I2.12439
Siddique, M. A., Aljifri, K., Hossain, S., & Choudhury, T. (2023). Effect of market-based regulations on corporate carbon disclosure and carbon performance: global evidence. Journal of Applied Accounting Research, 25(4), 837–857. https://doi.org/10.1108/JAAR-08-2022-0215/FULL/XML
Sorroche-del-Rey, Y., Piedra-Muñoz, L., & Galdeano-Gómez, E. (2023). Interrelationship between international trade and environmental performance: Theoretical approaches and indicators for sustainable development. Business Strategy and the Environment, 32(6), 2789–2805. https://doi.org/10.1002/BSE.3270
Syafitri, N., Rahman, K. G., & Hariatih, H. (2023). CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE (CSR) IN SOCIOECONOMIC ACCOUNTING ON PT. PELABUHAN INDONESIA IV (Persero). Proceeding of Research and Civil Society Desemination “Management & Business Challenges in the Digital Era,” 313.
Wedari, L. K., Moradi-Motlagh, A., & Jubb, C. (2024). Did Australia’s brief period of carbon pricing impact corporate environmental, financial or social performance? Sustainable Futures, 8, 100264. https://doi.org/10.1016/J.SFTR.2024.100264
Wenni Anggita, Ari Agung Nugroho, & Suhaidar. (2022). Carbon Emission Disclosure And Green Accounting Practices On The Firm Value. Jurnal Akuntansi, 26(3), 464–481. https://doi.org/10.24912/ja.v26i3.1052
Wibowo, R., Suhendro, S., & Amelia, Y. (2023). Analysis of Factors Affecting Carbon Emission Disclosure in Indonesia. Journal Of Accounting Management Business And International Research, 1(1), 1–16. https://doi.org/10.57235/JAMBUAIR.V1I1.6
Zhang, J., Su, T., & Meng, L. (2024). Retreat in order to advance: Environmental performance below legality aspiration and corporate disclosure strategy. International Review of Financial Analysis, 93, 103135. https://doi.org/10.1016/J.IRFA.2024.103135
Al Banjari, N. R. (2023). Pengaruh Green Accounting dan Carbon Emission Disclosure terhadap Nilai Perusahaan melalui Maqashid Syariah. Jurnal Riset Akuntansi Politaka, 6(2), 386–403.
Ardianto, A., Anridho, N., Cahyono, S., Noman Alam, A. H. M., & Harymawan, I. (2024). The role of risk management committee on the relationship between corporate carbon emission disclosure and capital structure. Corporate Social Responsibility and Environmental Management, 31(3), 2127–2158. https://doi.org/10.1002/CSR.2671
Aziz, I., & Hariatih, H. (2022). Effect of Liquidity and Solvency on Profitability of Banking Companies in Indonesia A R T I C L E I N F O. JER:JournalEconomicResources. www.idx.co.id,
Bakry, W., Mallik, G., Nghiem, X. H., Sinha, A., & Vo, X. V. (2023). Is green finance really “green”? Examining the long-run relationship between green finance, renewable energy and environmental performance in developing countries. Renewable Energy, 208, 341–355. https://doi.org/10.1016/J.RENENE.2023.03.020
Dzikriansyah, M. A., Masudin, I., Zulfikarijah, F., Jihadi, M., & Jatmiko, R. D. (2023). The role of green supply chain management practices on environmental performance: A case of Indonesian small and medium enterprises. Cleaner Logistics and Supply Chain, 6, 100100. https://doi.org/10.1016/J.CLSCN.2023.100100
Hadiwibowo, I., Limarty, D., & Azis, M. T. (2023). PENGUNGKAPAN EMISI KARBON, PENERAPAN GREEN ACCOUNTING DAN KINERJA LINGKUNGAN PADA NILAI PERUSAHAAN. Jurnal Riset Akuntansi Mercu Buana, 9(2). https://doi.org/10.26486/JRAMB.V9I2.3458
Hidayat, I., Ismail, T., Taqi, M., & Yulianto, A. S. (2022). Investigating In Disclosure Of Carbon Emissions: Influencing The Elements Using Panel Data. Jurnal Reviu Akuntansi Dan Keuangan, 12(3), 721–732. https://doi.org/10.22219/JRAK.V12I3.23072
Jannah, A. N. K., & Narsa, I. M. (2021). Factors That Can Be Predictors Of Carbon Emissions Disclosure. Jurnal Akuntansi, 25(1), 70–84. https://doi.org/10.24912/JA.V25I1.725
Lee, J.-H., Cho, J.-H., Lee, J.-H. ;, & Cho, J.-H. (2021). Firm-Value Effects of Carbon Emissions and Carbon Disclosures—Evidence from Korea. International Journal of Environmental Research and Public Health 2021, Vol. 18, Page 12166, 18(22), 12166. https://doi.org/10.3390/IJERPH182212166
Lee, T., Liu, W. T., & Yu, J. X. (2021). Does TMT composition matter to environmental policy and firm performance? The role of organizational slack. Corporate Social Responsibility and Environmental Management, 28(1), 196–213. https://doi.org/10.1002/CSR.2042
Maulana, A., Theresna Ruchjana, E., Nurdiansyah, D. H., & Karawang, U. S. (2021). THE EFFECT OF COMPANY SIZE, PROFITABILITY, LEVERAGE, AND ENVIRONMENTAL PERFORMANCE ON ENVIRONMENTAL DISCLOSURE. Business and Accounting, 4.
Mu, H. L., Xu, J., & Chen, S. (2024). The impact of corporate social responsibility types on happiness management: a stakeholder theory perspective. Management Decision, 62(2), 591–613. https://doi.org/10.1108/MD-02-2023-0267/FULL/PDF
Mulya, F. A., & Rohman, A. (2020). ANALISIS PENGARUH TIPE INDUSTRI, UKURAN PERUSAHAAN, PROFITABILITAS, LEVERAGE DAN KUALITAS TATA KELOLA PERUSAHAAN TERHADAP CARBON EMISSION DISCLOSURE (Studi Empiris pada perusahaan non keuangan yang mengeluarkan sustainability report dan terdaftar di BEI tahun 2015-2017). DiponegoroJournalofAccounting, 9(4).
Natalia, I. (2022). REFLEKSI YUDHISTIRA DALAM TANGGUNG JAWAB SOSIAL DAN AKUNTANSI LINGKUNGAN. Jurnal Akuntansi Multiparadigma, 13(1), 42–59. https://doi.org/10.21776/UB.JAMAL.2021.13.1.04
Nianty, D. A., Rachma, N., Susanti, A., & Nurfaulia, N. (2023). Green Accounting Terhadap Kinerja Keuangan Dengan Environmental Performance Sebagai Variabel Intervening. Jurnal Manajemen STIE Muhammadiyah Palopo, 9(2), 205–219. https://doi.org/10.35906/JURMAN.V9I2.1696
Nur Farida, H., & Sofyani, H. (2018). Pengaruh Profitabilitas, Ukuran Perusahaan, Leverage, Afiliasi Politik, Dan Dewan Komisaris Independen Terhadap Carbon Emission Disclosure : Studi Empiris pada Perusahaan Pertambangan yang Terdaftar di BEI Periode 2014-2016. Reviu Akuntansi Dan Bisnis Indonesia, 2(2), 97–106. https://doi.org/10.18196/RAB.020224
Pratiwi, L., Maharani, B., & Sayekti, Y. (2021). Determinants of Carbon Emission Disclosure: An Empirical Study on Indonesian Manufacturing Companies. The Indonesian Accounting Review, 11(2), 197–207. https://doi.org/10.14414/tiar.v11i2.2411
Rachmawati, S. (2021). GREEN STRATEGY MODERATE THE EFFECT OF CARBON EMISSION DISCLOSURE AND ENVIRONMENTAL PERFORMANCE ON FIRM VALUE. International Journal of Contemporary Accounting, 3(2), 133–152. https://doi.org/10.25105/IJCA.V3I2.12439
Siddique, M. A., Aljifri, K., Hossain, S., & Choudhury, T. (2023). Effect of market-based regulations on corporate carbon disclosure and carbon performance: global evidence. Journal of Applied Accounting Research, 25(4), 837–857. https://doi.org/10.1108/JAAR-08-2022-0215/FULL/XML
Sorroche-del-Rey, Y., Piedra-Muñoz, L., & Galdeano-Gómez, E. (2023). Interrelationship between international trade and environmental performance: Theoretical approaches and indicators for sustainable development. Business Strategy and the Environment, 32(6), 2789–2805. https://doi.org/10.1002/BSE.3270
Syafitri, N., Rahman, K. G., & Hariatih, H. (2023). CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE (CSR) IN SOCIOECONOMIC ACCOUNTING ON PT. PELABUHAN INDONESIA IV (Persero). Proceeding of Research and Civil Society Desemination “Management & Business Challenges in the Digital Era,” 313.
Wedari, L. K., Moradi-Motlagh, A., & Jubb, C. (2024). Did Australia’s brief period of carbon pricing impact corporate environmental, financial or social performance? Sustainable Futures, 8, 100264. https://doi.org/10.1016/J.SFTR.2024.100264
Wenni Anggita, Ari Agung Nugroho, & Suhaidar. (2022). Carbon Emission Disclosure And Green Accounting Practices On The Firm Value. Jurnal Akuntansi, 26(3), 464–481. https://doi.org/10.24912/ja.v26i3.1052
Wibowo, R., Suhendro, S., & Amelia, Y. (2023). Analysis of Factors Affecting Carbon Emission Disclosure in Indonesia. Journal Of Accounting Management Business And International Research, 1(1), 1–16. https://doi.org/10.57235/JAMBUAIR.V1I1.6
Zhang, J., Su, T., & Meng, L. (2024). Retreat in order to advance: Environmental performance below legality aspiration and corporate disclosure strategy. International Review of Financial Analysis, 93, 103135. https://doi.org/10.1016/J.IRFA.2024.103135