The Influence of Green Accounting and Capital Structure on Financial Performance with Environmental Performance (Proper Index) as a Moderation Variable
DOI:
https://doi.org/10.46984/sebatik.v28i2.2512Keywords:
Green Accounting, Capital Structure, Financial Performance, Environmental Performance, Moderation, Eviews.Abstract
This research was conducted with the aim of finding out the relationship between green accounting and capital structure on financial performance which is moderated by environmental performance in appropriate indices. The research population is energy and mining companies listed on the IDX in 2021-2023 with sample selection using purposive sampling techniques. The sample consists of 30 companies and 90 data. This research uses secondary data in the form of annual reports and sustainability reports. The analytical tool used in this research is eviews 13 and uses multiple linear regression and moderated regression analysis techniques. The research results show that green accounting has a significant effect on financial performance, while environmental performance does not moderate the relationship between green accounting and financial performance. Capital structure does not have a significant effect on financial performance, but environmental performance moderates the relationship between capital structure and financial performance. This research contributes to the environmental accounting and financial strategy literature by highlighting the importance of implementing green accounting and environmental performance management in corporate value creation. In addition, the findings of this research can be a reference for companies in developing sustainability strategies and managing their capital structure.
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