Pengaruh Penenrapan Environmental Management System Terhadap Persepsi Investor dan Profitabilitas Perusahaan (Studi Empiris Pada Perusahaan Manufaktur Yang Terdaftar di Bursa Efek Indonesia Tahun 2010)
RACHMAN, ADITYA (Adv.: Choirunnisa Arifa, S.E., M.Sc.), Choirunnisa Arifa, S.E., M.Sc.
Kemampuan perusahaan untuk mengatur performa kelingkunganan muncul sebagai isu strategis yang termasuk dalam Triple Bottom Line. Dengan diluncurkannya ISO 14001 oleh International Standard on Environmental Management, perhatian bergeser menuju sistem manajemen kelingkunganan. Perhatian terhadap EMS muncul di berbagai bahasan seperti kemungkinan penerapan EMS termasuk kos dan urgensinya, dampak sistem, dan pengaruhnya terhadap aspek perusahaan seperti kinerja kelingkunganan dan kinerja keuangan maupun persepsi investor.
Dengan menggunakan metoda regresi linear berganda dengan sampel 113 atau seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia pada tahun 2010 dan menggunakan metoda purposive sampling dengan beberapa kriteria pengamatan, persepsi investor dan profitabilitas perusahaan diduga tidak dipengaruhi secara positif oleh penerapan EMS.
The companies ability to enhance environmental performance rises as a strategic issue as in the Triple Bottom Line. With the launch of ISO 14001 by the International Standard on Environmental Management, attention shifted towards the environmental management system.Consideration to the EMS appeared in various subject such as the possibility of application of the EMS including the cost and urgency of the implementation, the impact of the system, and its influence on aspects such as environmental performance and corporate financial performance and investor perceptions.
By using multiple linear regression method with 113 samples (all listed manufacturing companies in Indonesia Stock Exchange in 2010) and using the purposive sampling method with some observational criteria, investor perceptions and profitability of the company is presumed not to be influenced positively by the implementation of EMS.
Kata Kunci : sistem manajemen lingkungan, persepsi investor, performa keuangan, profitabilitas, environmental management system, investor perceptions, financial performance, profitability
