Determinan Kualitas Pengungkapan Lingkungan dan Pengaruhnya Terhadap Nilai Perusahaan

  • Wihelmina Dea Kokasih
Keywords: Quality of environmental disclosures, environmental performance, industry sensitivity, corporate governance structure, media coverage

Abstract

The company is no longer responsible for the value of firm, but the company have the responsibility to take care of the social and environmental aspects where the company is located. One of them is due to Indonesia's environmental conditions which are ecological emergencies. The number of environmental cases is caused by the lack of reporting on corporate social and environmental responsibility. This study aims to prove the influence of environmental performance, industry sensitivity, corporate governance structure and media coverage on the quality of environmental disclosures. And, it aims to prove the influence of the quality of environmental disclosure on the value of the company. The sample in this study were companies registered in eight types of industries, namely mining, energy, chemistry, pharmacy, cosmetics and household needs, food and beverages, oil and gas, and forestry in the period 2015-2017. This study uses Principal Component Analysis (PCA) to simplify corporate governance structure variables. The results of Principal Component Analysis (PCA) show there is one component that can represent corporate governance, namely the size of the board of commissioners, audit committee, and institutional ownership. This study uses panel data regression analysis in software Eviews 10 to examine the influence of environmental performance, industry sensitivity, corporate governance structure and media coverage on the quality of environmental disclosures. And, using multiple linear regression to test the influence of the quality of environmental disclosure on the value of the company. The results of this study indicate that environmental performance, industry sensitivity, corporate governance structure, media coverage and profitability have a positive effect on the quality of environmental disclosures. Control variable firm size does not affect the quality of environmental disclosures. This study also provides evidence that the quality of environmental disclosure and profitability affect the quality of environmental disclosures. Company size control variables have no effect on firm value. In practice, companies need to have environmental performance, board size, institutional ownership, a good audit committee to be able to have quality environmental disclosures. And companies need to have quality environmental disclosures to increase company value.

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Published
2019-08-08
Section
Articles