Kinerja Perusahaan dan Struktur Kepemilikan: Dampak terhadap Pengungkapan Lingkungan
DOI:
https://doi.org/10.33603/jka.v2i2.1746Abstract
Abstract
This study aims to determine the effect of financial performance, environmental performance and institutional ownership on disclosure of environmental information that is controlled by leverage. The independent variable in this study is a financial performance by measuring the company's ability to generate profits based on certain share capital, environmental performance as measured by PROPER, and institutional ownership as measured by the percentage of institutional ownership in a company. The disclosure of environmental information as the dependent variable is measured by GRI4 and the controlling variable is leverage measured by comparing the total amount of debt with total equity. The population in this study are all non-financial companies listed on the Indonesia Stock Exchange (IDX) in 2014-2017. Sampling in this study uses purposive sampling and the total sample obtained per year is 15 companies. The results of this study indicate that financial performance has an insignificant influence on the disclosure of environmental information while environmental performance and institutional ownership have a significant influence on the disclosure of environmental information.
Keywords: Disclosure of environmental information; Financial performance;, Environmental performance; institutional ownership; Leverage
Abstrak
Penelitian ini bertujuan untuk mengetahui pengaruh kinerja keuangan, kinerja lingkungan dan kepemilikan institusional terhadap pengungkapan informasi lingkungan yang dikendalikan oleh leverage.Variabel independen dalam penelitian ini adalah kinerja keuangan dengan mengukur kemampuan perusahaan untuk menghasilkan laba berdasarkan modal saham tertentu, kinerja lingkungan yang diukur dengan PROPER, dan kepemilikan institusional yang diukur dengan persentase kepemilikan institusional dalam suatu perusahaan. Pengungkapan informasi lingkungan sebagai variabel dependen diukur dengan GRI4 dan variabel pengendali adalah leverage yang diukur dengan membandingkan jumlah total utang dengan total ekuitas. Populasi dalam penelitian ini adalah semua perusahaan non-keuangan yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2014-2017. Pengambilan sampel dalam penelitian ini menggunakan purposive sampling dan total sampel yang diperoleh per tahun adalah 15 perusahaan. Hasil penelitian ini menunjukkan bahwa kinerja keuangan memiliki pengaruh yang tidak signifikan terhadap pengungkapan informasi lingkungan sementara kinerja lingkungan dan kepemilikan institusional memiliki pengaruh yang signifikan terhadap pengungkapan informasi lingkungan.
Kata kunci: Pengungkapan informasi lingkungan; Kinerja keuangan; Kinerja lingkungan; Kepemilikan institusional; Leverage
References
Undang-Undang Republik Indonesia nomor 40 tahun 2007 tentang Perseroan Terbatas, Jakarta.
Al-Tuwaijri, S.A., Christensen, T.E., dan Hughes II, K.E. (2004).The relations among enviromental disclosure, enviromental performance, and economic performance: a simultaneous equations approach. Accounting, Organizations and Society, Issue 29: 447-471.
Anggraini, Retno, (2006). Pengungkapan Informasi Sosial Dan Faktor-faktor Yang Mempengaruhi Pengungkapan Informasi Sosial Dalam Laporan Keuangan Tahunan (Studi Empiris Pada Perusahaan-Perusahaan Yang Terdaftar Di Bursa Efek Jakarta). SNA 9 Padang.
Burnett, R.D., & Hansen, D.R. (2008).Ecoefficiency: defining a role for enviromental cost management. Accounting, Organizations and Society, Issue 33: 551-581..
Clarkson, P.M., Li, Yue, Richardson, G.D., dan Vasvari, F.P. (2008). Revisiting the relation between enviromental performance and environmental disclosure: an empirical anakysis. Accounting, Organizations and Society, Issue 33: 303-327.
Donnovan, O.G. (2002). Enviromental disclosure in the annual report: extending the applicability and predictive power of legitimacy theory. Accounting, Auditing & Accountability Journal, Volume 15 Issue 3: 344-371.
Dowling, J. & Pfeffer, J. (1975).Organizational legitimacy: social values and organizational behaviour. Pacific Sociological Review, 18 (1): 122-36.
Freeman, E.R. (1984). Strategic management: stakeholder approach. Marshfield: Pitmen Publishing Inc.
Gray, R., Javad, M., Power, D.M. and Sinclair, C.D. 2001. Social and Environmental Disclosure and Corporate Characteristics: A Research Note and Extension.Journal of Business Finance & Accounting.p.327-356.
Hackstone, D., dan Milne, M.J. (1996).Some determinants of social and enviromental disclosure in new zealand companies. Accounting, Auditing and Accountability Journal.77-108.
Hartono, E. (2018). Implemetasi Pengungkapan Corporate Social Responsibility pada Perusahaan Sektor Industri Dasar dan Kimia. Jurnal Kajian Akuntansi, 2(1), 108-122.
Hasibuan, Muhammad Rizal. 2001. Pengaruh Karakteristik Perusahaan Terhadap Pengungkapan Sosial (Social Disclosure) Dalam Laporan Tahunan Emiten di BEJ dan BES, Tesis S2 Magister Akuntansi Undip (Tidak dipublikasikan).
Jaffar S., Muhammad dan Arifah, Dista Amalia. 2006. Pengaruh Dorongan Manajemen Lingkungan, Manajemen Lingkungan Proaktif dan Kinerja Lingkungan terhadap Public Environmental Reporting. Simposium Nasional Akuntansi IX Padang
Koch, C. (2010). An ethical justification of profit maximization. Society and Business Review, Volume 5 Issue 3: 270-280.
McWilliams, Abagail, dan Siegel, D. (2000). Corporate social rensponsibility and financial performance: correlation or misspecification?. Strategic Management Journal, Volume 21 Issue 5: 603-609.
Rahayuni, N., Solikhah, B., & Wahyudin, A. (2018). Mampukah Kinerja Keuangan Memediasi Pengaruh Mekanisme Corporate Governance Terhadap Pengungkapan Modal Intelektual?. Jurnal Kajian Akuntansi, 2(1), 67-81.
Solechan, A. (2017). PENGARUH EFISIENSI MODAL INTELEKTUAL TERHADAP KINERJA KEUANGAN PERUSAHAAN DI INDONESIA. Jurnal Kajian Akuntansi, 1(1).
Scott, W.R., 1997. Financial Accounting Theory. New Jersey : Prentice Hall
Shrivastava, P. (1995). The role of corporations in achieving ecological sustainbility. Academy of Management Review, Volume 20 Issue 4: 936-960.
Suratno, I.B., Darsono, dan Mutmainah, S. (2006). Pengaruh environmental performance terhadap environmental disclosure dan economic performance (studi empiris pada perusahaan manufaktur yang terdaftar di bursa efek jakarta periode 2001-2004). Simposium Nasional Akuntansi 9 Padang.
Teoh, S., I. Welch, and T. Wong. 1998. Earnings management and the long-run market performance of initial public offerings. The Journal of Finance LIII (December): 1935-1974.
Utami, Sri dan Sawitri Dwi Pastiti. (2011). Pengaruh Karakteristik Perusahaan Terhadap Sosial Disclosure. Jurnal Ekonomi Bisni. Vol. 16, No 1. 63-68
Verrechia, R. (1983). Discretionary disclosure. Journal of Accounting and Economics, Issue 5: 179-194.
Wijaya, M. (2012). Faktor-faktor yang mempengaruhi pengungkapan tanggungjawab sosial pada perusahaan manufaktur yang terdaftar di bursa efek indonesia. Jurnal Ilmiah Mahasiswa Akuntansi, Volume 1, No.1, Januari 201
Downloads
Published
How to Cite
Issue
Section
License
- Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike (CC-BY-SA 4.0) that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.