THE EFFECTS OF ENVIRONMENTAL PERFORMANCE RATING, ENVIRONMENTAL INFORMATION DISCLOSURE, AND ISO 14001 CERTIFICATION ON FINANCIAL PERFORMANCE (Empirical Study on Manufacturing Companies Listed in Indonesia Stock Exchange and PROPER during 2013-2015)

HENING ARDHORATRI SESAHAYU , Suyanto, S.E., MBA., Ak., Ph.D.

2017 | Skripsi | S1 AKUNTANSI

Kerusakan lingkungan tidak selalu disebabkan oleh faktor alam tetapi juga melibatkan kesalahan perusahaan. Kebutuhan untuk melakukan Corporate Social Responsibility (CSR) muncul setelah pandangan tradisional tentang maksimisasi laba berubah dengan adanya pemahaman baru bahwa tujuan perusahaan harus lebih dari sekedar tujuan ekonomis yang hanya fokus pada perolehan laba. Pemerintah, investor, dan juga konsumen sekarang menyadari pentingnya tanggung jawab sosial dan lingkungan dan mulai menuntut perusahaan untuk mengendalikan aktivitas bisnis serta mengungkapkan keterlibatan perusahaan dalam kontribusi sosial dan lingkungan. Perusahaan kemudian menjadikan hal tersebut peluang untuk memperbaiki citra dan operasi bisnis yang diharapkan dapat meningkatkan kinerja keuangan. Penelitian ini bertujuan untuk menguji secara empiris pengaruh rating kinerja lingkungan, pengungkapan informasi lingkungan, dan sertifikasi ISO 14001 terhadap kinerja keuangan perusahaan dengan menggunakan analisis regresi berganda. Sampel penelitian ini adalah seluruh perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) dan berpartisipasi dalam PROPER pada tahun 2013 - 2015. Hasil penelitian ini menunjukkan bahwa penilaian kinerja lingkungan berdasarkan skor PROPER dan sertifikasi sistem manajemen lingkungan yang berbasis ISO 14001 memiliki pengaruh positif dan signifikan terhadap kinerja keuangan (ROA), sedangkan adanya pengungkapan informasi lingkungan dalam laporan tahunan dan website perusahaan tidak berpengaruh signifikan terhadap kinerja keuangan perusahaan (ROA).

Environmental damage is not always caused by natural factors but also involves companies' wrongdoings. The need of Corporate Social Responsibility (CSR) appears after the traditional view about profit maximization changed as there is a new believe that the purpose of business' existence should be more than economical goals that only focus on profit. The government, investors, and also consumers are now becoming more aware of social and environmental responsibilities by demanding the companies to control their business activities and provide disclosure of companies' involvement in social and environmental contribution. Companies then make this as an opportunity to enhance their image and business operation that are expected to improve their financial performance. This research aims to empirically test the effect of environmental performance rating, environmental information disclosure, and ISO 14001 certification on companies' financial performance by using multiple regression analysis. The sample of this research is all manufacturing companies that were listed in Indonesia Stock Exchange (IDX) and participated in PROPER during 2013 - 2015. The results of this research showed that environmental performance rating that is based on PROPER score and the certification of environmental management system that is based on ISO 14001 have a positive and significant effect on company's financial performance (ROA), while the existence of environmental-related information in company's annual report and website do not have a significant effect on company's financial performance (ROA).

Kata Kunci : Corporate Social Responsibility, environmental performance, environmental information disclosure, environmental management system, financial performance, ISO 14001, PROPER, ROA