SASMITA, DJENNI (2025) PENGARUH FINANCIAL SLACK, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE TERHADAP FIRM VALUE MELALUI CARBON EMISSION DISCLOSURE DENGAN KOMISARIS INDEPENDEN SEBAGAI MODERASI DAN KINERJA KARBON SEBAGAI PEMEDIASI (Studi Empiris pada Perusahaan Sektor Energi di Bursa Efek Indonesia). Doktoral thesis, UNIVERSITAS SULTAN AGENG TIRTAYASA.
![[img]](https://eprints.untirta.ac.id/style/images/fileicons/text.png) |
Text
Dr. DJENNI SASMITA_7783220005_Full.pdf Restricted to Registered users only Download (5MB) |
|
Text
Dr. DJENNI SASMITA_7783220005_02.pdf Restricted to Registered users only Download (5MB) |
|
Text
Dr. DJENNI SASMITA_7783220005_03.pdf Restricted to Registered users only Download (846kB) |
|
Text
Dr. DJENNI SASMITA_7783220005_04.pdf Restricted to Registered users only Download (1MB) |
|
Text
Dr. DJENNI SASMITA_7783220005_05.pdf Restricted to Registered users only Download (130kB) |
|
Text
Dr. DJENNI SASMITA_7783220005_Reff.pdf Restricted to Registered users only Download (224kB) |
|
Text
Dr. DJENNI SASMITA_7783220005_01.pdf Restricted to Registered users only Download (1MB) |
Abstract
Competition among companies is nothing new in the business world. Many companies compete to improve their performance in order to increase their competitiveness in attracting potential investors. One way to do this is by maximizing company value. According to Jeevesh et al (2021), company value is investors' perception of a company's level of success in relation to its share price. The higher the assessment of the company given by external parties, the higher the level of confidence of potential investors to invest (Hardiyansah et al, 2021). Many investors now view carbon emissions as an important indicator in assessing a company's sustainability. The United Nations Framework Convention on Climate Change (UNFCCC) in 2007 stated that climate change is a term that refers to changes in climate patterns caused by human activities, either directly or indirectly. Ummah et al (2021) stated that Indonesia is one of the largest contributors to greenhouse gas emissions, particularly in the energy sector, where the Indonesian energy sector manages its business operations by using coal as the main fuel in steam power plants (PLTU), which can cause climate change and have a negative impact on human health (IDN Times, 2020). In facing environmental challenges, many companies in the energy sector now manage their businesses by applying the principles of environmental, social, and governance (ESG), which cover environmental, social, and good governance aspects, as well as implementing a series of strategies to reduce emissions and carry out mining practices. In order to reduce greenhouse gas emissions, climate change mitigation is needed through carbon disclosure and good environmental performance. In this study, the researchers used quantitative research methods and data processing using STATA 17 software with the following results: Hypothesis 1, the effect of financial slack (FS) on carbon emission disclosure (CED) is statistically supported. Hypothesis 2: The effect of corporate social responsibility disclosure (CSRD) on carbon emission disclosure (CED) is statistically supported. Hypothesis 3: Independent commissioners strengthen financial slack (FS) on carbon emission disclosure (CED) and is statistically supported. Hypothesis 4: Independent commissioners cannot strengthen corporate social responsibility disclosure (CSRD) on carbon emission disclosure (CED). Hypothesis 5: The positive effect of financial slack (FS) on firm value (FV) is statistically supported. Hypothesis 6: The effect of corporate social responsibility disclosure (CSRD) on firm value (FV) is statistically supported. Hypothesis 7, the effect of carbon emission disclosure (CED) on carbon performance (CP) is statistically supported. Hypothesis 8, the effect of carbon performance (CP) on firm value (FV) is not statistically supported. Hypothesis 9, the effect of carbon emission disclosure (CED) on firm value (FV) is not statistically supported. This study also provides research recommendations, namely the need for a longer time frame to observe trends and the long-term impact of CSR disclosure on carbon emissions, given that most existing studies only cover a short period of time. In addition, this study also provides practical implications that weak implementation is one of the main challenges in pollution control, so more decisive and concrete steps are needed to ensure that environmental policies can be effectively implemented in the field through the existence of a green taxonomy.
| Item Type: | Thesis (Doktoral) | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Contributors: |
|
|||||||||
| Additional Information: | Persaingan perusahaan bukan menjadi hal asing lagi bagi dunia bisnis. Banyak perusahaan yang bersaing dalam meningkatkan kinerja perusahaannya agar dapat meningkatkan daya saing dalam menarik minat para calon investor untuk berinvestasi. Salah satunya dengan cara memaksimalkan nilai perusahaan. Menurut Jeevesh et al (2021), nilai perusahaan merupakan persepsi investor terhadap tingkat keberhasilan perusahaan yang terkait dengan harga saham. Dimana, semakin tinggi penilaian perusahaan yang diberikan oleh pihak eksternal, maka semakin tinggi pula tingkat kepercayaan para calon investor untuk berinvestasi (Hardiyansah et al, 2021). Banyak investor kini melihat emisi karbon sebagai indikator penting dalam menilai keberlanjutan suatu perusahaan. United nations framework convention on climate change (UNFCCC) tahun 2007, menunjukkan bahwa perubahan iklim adalah istilah yang mengacu pada perubahan dalam pola iklim yang disebabkan oleh aktivitas manusia, baik secara langsung maupun tidak langsung. Ummah et al (2021) menyatakan diindonesia yang menjadi penyumbang emisi gas rumah kaca terbesar salah satunya terdapat pada sektor energi, dimana sektor energi di indonesia dalam mengelola operasional bisnisnya dengan cara menggunakan batu bara sebagai bahan bakar utama yang digunakan dalam pembangkit listrik tenaga uap (PLTU) yang dapat menyebabkkan adanya perubahan iklim dan gas tersebut akan berdampak negatif bagi kesehatan manusia (IDN Times, 2020). Dalam menghadapi adanya tantangan isu terkait lingkungan, perusahaan sektor energi kini banyak mengelola bisnis perusahaan dengan cara menerapkan prinsip environmental, social, and governance (ESG), yang mencakup aspek lingkungan, sosial dan tata kelola yang baik serta melakukan berbagai serangkaian strategi untuk menurunkan emisi dan menjalankan praktik pertambangan. Dalam upaya menurunkan emisi gas rumah kaca diperlukan adanya mitigasi perubahan iklim melalui pengungkapan karbon (carbon disclosure) dan kinerja lingkungan yang baik. Pada penelitian ini, peneliti menggunakan metode jenis penelitian kuantitatif dan pengolahan data menggunakan software aplikasi STATA 17 dengan hasil penelitian sebagai berikut: Hipotesis 1 pengaruh Financial slack (FS) terhadap carbon emission disclosure (CED) terdukung secara statistik. Hipotesis 2, pengaruh corporate social responsibility disclosure (CSRD) terhadap carbon emission disclosure (CED) terdukung secara statistik. Hipotesis 3, komisaris independen memperkuat financial slack (FS) terhadap carbon emission disclosure (CED) terdukung secara statistik. Hipotesis 4, komisaris independen tidak dapat memperkuat corporate social responbility disclosure (CSRD) terhadap carbon emission disclosure (CED). Hipotesis 5, pengaruh financial slack (FS) positif terhadap firm value (FV) terdukung secara statistik. Hipotesis 6, pengaruh corporate social responsibility disclosure (CSRD) terhadap firm value (FV) terdukung secara statistik. Hipotesis 7, pengaruh carbon emission disclosure (CED) terhadap carbon performance (CP) terdukung secara statistik. Hipotesis 8, pengaruh carbon performance (CP) terhadap firm value (FV) tidak terdukung secara statistik. Hipotesis 9, pengaruh carbon emission disclosure (CED) terhadap firm value (FV) tidak terdukung secara statistik. Pada penelitian ini juga terdapat saran penelitian yaitu diperlukannya adanya cakupan waktu yang lebih panjang untuk mengamati tren dan dampak jangka panjang dari pengungkapan CSR terhadap emisi karbon, hal ini dikarenakan bahwa sebagian besar penelitian yang ada hanya mencakup periode waktu yang singkat. Selain itu, penelitian ini juga memberikan implikasi praktis bahwa implementasi yang lemah menjadi salah satu tantangan utama dalam pengendalian polusi, maka diperlukan adanya langkah-langkah yang lebih tegas dan konkret dalam memastikan bahwa adanya kebijakan lingkungan dapat diterapkan secara efektif di lapangan melalui adanya taksonomi hijau. | |||||||||
| Uncontrolled Keywords: | Financial slack, corporate social responsibility disclosure, firm value, carbon emission disclosure, independent of commissioners, carbon performance Kata kunci: Financial Slack, Corporate Social Responsibility Disclosure, Firm Value, Carbon Emission Disclosure, Komisaris Independen, Carbon Performance | |||||||||
| Subjects: | H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HF Commerce > HF5601 Accounting |
|||||||||
| Divisions: | 05-Fakultas Ekonomi dan Bisnis 08 Pascasarjana > 7783-ILMU AKUNTANSI PROGRAM DOKTOR (S3) |
|||||||||
| Depositing User: | DJENNI SASMITA | |||||||||
| Date Deposited: | 13 Nov 2025 06:33 | |||||||||
| Last Modified: | 13 Nov 2025 06:33 | |||||||||
| URI: | http://eprints.untirta.ac.id/id/eprint/55975 |
Actions (login required)
 |
View Item |