GREEN ACCOUNTING HAS A POSITIVE IMPACT ON FINANCIAL PERFORMANCE, AND THIS IMPACT IS STRENGTHENED BY THE IMPLEMENTATION OF GCG
DOI:
https://doi.org/10.54314/jssr.v8i4.5177Abstrak
Abstract: Purpose:The existence of the Sei Mangkei Special Economic Zone (SEZ) actually has legitimacy in the community, but it still has an impact on environmental pollution, so a comprehensive improvement in environmental management is needed. The solution to this pollution can be realized by budgeting costs for environmental management or green accounting. Now, investors have consciously begun to add environmental aspects in determining investment instruments, so that Good Corporate Governance (GCG) is needed in its management. The implementation of GCG will have a positive impact on companies to encourage corporate concern for the surrounding environment. Method:The method used in this study is quantitative analysis, namely determining the influence of Green Accounting (Environmental Performance/X1 and Environmental Costs/X2) on Financial Performance (ROA and ROE/Y) and GCG (Z) moderating Green Accounting and Financial Performance. Findings:The study was conducted in companies already operating in the Sei Mangkei Special Economic Zone (SEZ) that have participated in the Company Performance Assessment Program (PROPER) issued by the Ministry of Environment and Forestry and include environmental costs. The data used are Financial Reports, Annual Reports, Sustainability Reports, and Company PROPER rating data. Partial Least Square (PLS)-SEM is the data analysis used with the help of SmartPLS software version 3.0. The results of this study are that Green accounting has a positive effect on financial performance, and this effect is strengthened by the implementation of GCG. Novelty: lies in its focus on companies operating in the Sei Mangkei Special Economic Zone (SEZ), a strategic industrial area in Indonesia that faces serious environmental challenges. Unlike previous research, green accounting is measured comprehensively through both environmental performance and environmental costs. Moreover, this study uniquely examines the moderating role of Good Corporate Governance (GCG), showing that governance practices strengthen the positive effect of green accounting on financial performance.
Â
Keywords: Accounting, Environment, Performance, Finance, GCG
Unduhan
Referensi
Akuntansi, J., & Naufal, H. (2024). Pengaruh Penerapan Good Corporate Governance Terhadap Kinerja Keuangan Perusahaan Sub Sektor Perbankan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019-2023. 01(01), 1–11.
Al-hattami, H. M. (2023). What determines digital accounting systems ’ in SMEs. 1–14. https://doi.org/10.1057/s41599-023-02332-3
Al-okaily, M. (2022). The e ff ect of digital accounting systems on the decision-making quality in the banking industry sector : a mediated-moderated model. April. https://doi.org/10.1108/GKMC-01-2022-0015
Al-taani, A. H. M., Al-zaqeba, M. A. A., Mousa, H., & Maabreh, A. (2024). Exploring the impact of digital accounting and digital zakat on improving business sustainability in the Middle East and Malaysia International Journal of Advanced and Applied Sciences Exploring the impact of digital accounting and digital zakat on improving. March.
Alsharari, N. M., & Ikem, F. (2024). Digital accounting systems and information technology in the public sector : mutual interaction. May. https://doi.org/10.1108/JSIT-09-2021-0190
Ardelia, D., Wardani, K., Anandiva, F. V., Harymawan, I., & Wayan, I. (2025). Business , Management , and Accounting Research Recommendation. 15(1), 71–84. https://doi.org/10.14414/tiar.v15i1.5127
Fernando, K., Jocelyn, H., Frista, F., & Kurniawan, B. (2024). The Effect of Green Accounting Disclosure on the Firm Value of Listed Mining and Agriculture Companies in Southeast Asia Countries. 14(1), 377–382.
Gantino, R., Ruswanti, E., & Widodo, A. M. (2023). Green Accounting And Intellectual Capital Effect On Firm Value Moderated By Business Strategy. 27(01), 38–61.
Lukito, A. R., & Suhartini, D. (2025). CSR role in moderating green accounting, corporate governance, and sustainability links in Indonesian apparel firms. 8(3), 325–341. https://doi.org/10.22219/jaa.v8i3.41146
Mediyanti, S., & Razali, R. (2020). Pengukuran Kinerja Bank Perkreditan Rakyat di Indonesia dengan Pendekatan Quantitative Aspect Measurement of Rural Banks Performance in Indonesia using the Quantitative Aspect Approach. 9(2), 428–432.
Miftakhul, N., & Dizar, S. (2025). Dampak Penerapan Green Accounting , Kinerja Lingkungan dan Biaya Modal terhadap Kinerja Keuangan pada Perusahaan Energi Tahun 2021-2024. 4(September).
Prasetianingrum, S. (2024). Advances in Applied Accounting Research The Evolution of Digital Accounting and Accounting Information Systems in the Modern Business Landscape. 2(1), 39–53.
Qatawneh, A. M. (2025). In fl uence of smart mobile banking services on senior banks ’ clients intention to use : moderating role of digital accounting services. July 2023. https://doi.org/10.1108/GKMC-01-2023-0018
Rahaman, M. M., Akter, S., Id, A. H., & Rahman, A. (2024). Green accounting and reporting in Bangladesh ’ s pharmaceutical and textile industries : A holistic perspective. 1–22. https://doi.org/10.1371/journal.pone.0310236
Rahman, M. (2023). The Impact of Green Accounting on Environmental Performance : Mediating Effects of Energy Efficiency. 1–38.
Ratmono, D., Mail, R., Cahyonowati, N., & The, D. N. A. J. (2024). The role of environmental performance in mediating the relationship between green accounting and corporate social responsibility. https://doi.org/10.21511/ee.15(1).2024.04
Renaldo, N. (2024). Interconnection : An Economic Perspective Horizon Marine Resources Monitoring. 2(1), 50–59.
Septian, M. E., Rely, G., & Sari, P. (2025). Pengaruh Corporate Social Responsibility, Green Relational Capital Dan Green Accounting Terhadap Kinerja Perusahaan (Emiten Sektor Agriculture Bursa Efek Indonesia Periode 2020-2023). 2(4), 1018–1032.
Sumiati, A., Susanti, S., Maulana, A., Indrawati, L., Puspitasari, D., & Indriani, R. (2022). Influence of Green Accounting and Environmental Performance on Profitability. 205(Icsebe 2021), 145
Yanti, U., & Jatiningrum, C. (2023). Pengaruh Pertumbuhan Perusahaan , Good Corporate Governance dan Kinerja Keuangan Terhadap Nilai Perusahaan. 5(3). https://doi.org/10.32877/ef
Zulhaimi, H. (2015). Pengaruh Penerapan Green Accounting Terhadap Kinerja Perusahaan. 3(1), 603–616.
