The Influence of Environmental Management and Firm Performance on Firm Value is Moderate by Good Corporate Governance

Q4 Social Sciences

Journal of Social Research and Policy Pub Date : 2023-10-17 DOI:10.55324/josr.v2i11.1508

Sherly Anggawikara, I Gusti Agung Musa Budidarma

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引用次数: 0

Abstract

This research aims to analyze the influence of environmental management and firm performance on firm value, which is moderated by good corporate governance, which is proxied by board size and independent commissioners. The research design is quantitative research with the title "The Influence of Environmental Management and Firm Performance on Firm Value Moderated by Good Corporate Governance". The data source is secondary data collected from the IDX (Indonesian Stock Exchange) website to access financial report data of mining sector manufacturing companies, for the period 2017 - 2022. The population of this research is mining sector companies listed on the IDX for the 2017-2022 period. The sampling technique used in this research was purposive sampling. The results show that there is no direct influence from ISO certification on ROA (Return on Assets). There is a significant positive effect of firm value from the environmental management and firm performance variable, moderated by board size. However, the presence of independent commissioners does not moderate the effect of ISO and ROA on firm value. This means that the existence of directors can moderate the implementation of ISO 14001 on company value.

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良好的公司治理对环境管理和企业绩效对企业价值的影响是温和的

本研究旨在分析环境管理和公司绩效对公司价值的影响，良好的公司治理调节了公司价值，并以董事会规模和独立专员为代理。研究设计为定量研究，题目为“良好公司治理调节下环境管理和企业绩效对企业价值的影响”。数据来源是从IDX(印度尼西亚证券交易所)网站收集的二手数据，以获取2017年至2022年期间矿业制造业公司的财务报告数据。本研究的对象是2017-2022年期间在IDX上市的矿业公司。本研究采用的抽样技术是有目的抽样。结果表明，ISO认证对资产收益率没有直接影响。环境管理和公司绩效变量对公司价值有显著的正向影响，并受董事会规模的调节。然而，独立董事的存在并没有缓和ISO和ROA对公司价值的影响。这意味着董事的存在可以调节ISO 14001对公司价值的实施。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Journal of Social Research and Policy Social Sciences-Sociology and Political Science

CiteScore

0.30

自引率

0.00%

发文量

审稿时长

8 weeks

期刊介绍： Welfare states have made well-being one of the main focuses of public policies. Social policies entail, however, complicated, and sometimes almost insurmountable, issues of prioritization, measurement, problem evaluation or strategic and technical decision making concerning aim-setting or finding the most adequate means to ends. Given the pressures to effectiveness it is no wonder that the last several decades have witnessed the imposition of research-based social policies as standard as well as the development of policy-oriented research methodologies. Legitimate social policies are, in this context, more and more dependent on the accurate use of diagnostic methods, of sophisticated program evaluation approaches, of benchmarking and so on. Inspired by this acute interest, our journal aims to host primarily articles based on policy research and methodological approaches of policy topics. Our journal is open to sociologically informed contributions from anthropologists, psychologists, statisticians, economists, historians and political scientists. General theoretical papers are also welcomed if do not deviate from the interests stated above. The editors also welcome reviews of books that are relevant to the topics covered in the journal.