DETERMINAN NILAI PERUSAHAAN DENGAN PROFITABILITAS SEBAGAI MODERASI: STUDI KASUS PADA PERUSAHAAN SUBSEKTOR PERKEBUNAN KELAPA SAWIT

Abstract

This study aims to determine the effect of implementing green accounting and environmental performance on firm value with profitability as a moderating variable in oil palm plantation subsector companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The research method used is a descriptive quantitative approach using secondary data. The population in this study were palm oil plantation subsector companies listed on the IDX for the 2019-2023 period, totaling 18 companies. The research sample was taken using purposive sampling technique and obtained a sample of 5 companies. The analysis technique used in this research is moderation regression analysis. The results showed that the application of green accounting has no effect on firm value, while environmental performance has a negative effect on firm value. Profitability is unable to moderate the relationship between green accounting and environmental performance on firm value. In addition, the application of green accounting and environmental performance simultaneously affects firm value.