The Influence of Corporate Environmental Management on The Companys Financial Performance
SUTADI, ARDHITA KHALIFA (Adv.: Wiwin Rahmanti, M.Com, S.E.), Wiwin Rahmanti, M.Com, S.E.
Penelitian ini menguji pengaruh positif antara kinerja lingkungan dan performa financial dari perusahaan manufaktur, tambang & migas yang terdaftar di Bursa Efek Indonesia. Analisis dalam penelitian ini dilakukan dengan membandingkan data keuangan tahunan perusahaan dan kinerja lingkungan berbasis PROPER. Kinerja ekonomi diukur menggunakan Economic Value Added (EVA) dan beberapa variabel kontrol seperti: ukuran perusahaan dan leverage. Hasil penelitian menunjukkan bahwa kinerja lingkungan berbasis PROPER tidak mempengaruhi kinerja ekonomi secara signifikan.
The aim of this research is to analyze whether there is a positive correlation between the environmental performance of Indonesian manufacturing, mining and oil & gas companies, and their financial performance. Research analysis includes comparing the data obtained from companiesÂ’ annual financial report with environmental performance ranking based on PROPER. Economic performance is measured by economic value added (EVA) and some control variables are also used in this research, namely: the firmÂ’s size and leverage.
The result of this study indicates that environmental performance based on PROPER does not significantly influence economic performance.
Kata Kunci : kinerja lingkungan, kinerja ekonomi, environmental performance, economic performance, PROPER, and economic value added (EVA)
