Financial Constraints vs Green Practices: Impact on Firm Value Energy in Indonesia

Dian Saputra () and Zidan Dwinanda Arifin ()

Agregat: Jurnal Ekonomi dan Bisnis, 2023, vol. 7, issue 2, 153-173

Abstract: The impact of eco-efficiency, asset turnover, green accounting, and financial limitations on business value in the energy industry on the Indonesia Stock Exchange is examined in this study for the years 2020–2022. SmartPLS 3 was used to analyze financial statement data from 52 energy sector companies using Structural Equation Modeling-Partial Least Square (SEM-PLS). The findings indicate that while financial limitations have no discernible impact on corporate value, green accounting, asset turnover, and eco-efficiency do. The results of this study have significant implications for understanding the variables affecting business performance and value in the energy industry, as well as the significance of asset turnover, eco-efficiency measures, and green accounting in raising firm value. This research is expected to contribute to practitioners, regulators, and stakeholders in Indonesia's energy sector in the future to understand the influence of these factors.

Keywords: Green Accounting; Assets Turnover; Eco-Efficiency; Firm Value; Financial Constraint (search for similar items in EconPapers)
Date: 2023
References: Add references at CitEc
Citations:

Downloads: (external link)
https://journal.uhamka.ac.id/index.php/agregat/article/view/16369 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:apn:agregt:v:7:y:2023:i:2:p:153-173:id:16369

Access Statistics for this article

Agregat: Jurnal Ekonomi dan Bisnis is currently edited by Edi Setiawan

More articles in Agregat: Jurnal Ekonomi dan Bisnis from Universitas Muhammadiyah Prof. DR HAMKA.
Bibliographic data for series maintained by Susilo ().