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Consistent Environmental Performance: Does It Matter for Achieving Good Financial Performance?

Juniarti, and WIJAYA, DENVI NOVENDRI and JOSHUA, and VALENTIO, RIO (2018) Consistent Environmental Performance: Does It Matter for Achieving Good Financial Performance? Journal of Economics and Business, 1 (4). pp. 598-608. ISSN 2615-3726 (Online) 2621-5667 (Print)

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      Abstract

      This study examines the impact of environmental performance on financial performance in Indonesia. To improve the prior results, this study focuses on companies that consistently achieve good environmental performance and those who do not consistently obtain good performance. The environmental performance measured by environmental ratings that published through a PROPER Program, while the financial performance is measured by return on assets, earning per share, and Tobins q. Some control variables included in this study such as firm age, firm size, leverage, and market share. The study finds that environmental performance is positive significantly associated with financial performance for the companies that consistently record a good environmental performance. The more consistent the company�s performance in environmental, the higher the association with the financial performance.

      Item Type: Article
      Uncontrolled Keywords: Environmental Performance, Financial Performance, PROPER
      Subjects: H Social Sciences > HF Commerce > HF5601 Accounting
      Divisions: Faculty of Economic > Accounting Department
      Depositing User: Admin
      Date Deposited: 05 Jan 2019 11:16
      Last Modified: 07 Sep 2019 00:05
      URI: http://repository.petra.ac.id/id/eprint/18508

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