Pengungkapan Emisi Karbon dan Kinerja Lingkungan terhadap Nilai Perusahaan melalui Kompensasi Berbasis Karbon pada Perusahaan High-Profile yang Listing di Bursa Efek Indonesia

Nur Asiska; Muryani Arsal; Muhammad Nur Abdi

doi:10.55606/jimek.v6i2.11083

Authors

Nur Asiska Universitas Muhammadiyah Makassar
Muryani Arsal Universitas Muhammadiyah Makassar
Muhammad Nur Abdi Universitas Muhammadiyah Makassar

DOI:

https://doi.org/10.55606/jimek.v6i2.11083

Keywords:

Carbon-Based Compensation, Carbon Emission Disclosure, Environmental Performance, Firm Value, Sustainability Reporting

Abstract

This study aims to analyze the effect of carbon emission disclosure and environmental performance on firm value through carbon-based compensation in high-profile companies listed on the Indonesia Stock Exchange. This research uses a quantitative approach with data analysis techniques using the (SPSS). The population in this study consists of high-profile companies listed on the Indonesia Stock Exchange during 2020–2024, with a sample of 103 companies, consisting of 44 mining sector companies, 38 electricity energy sector companies, and 21 transportation sector companies. The results show that carbon emission disclosure in the mining sector has a negative and significant effect on firm value, while in the electricity energy and transportation sectors it has no effect on firm value. Environmental performance in the mining and electricity energy sectors has a positive and significant effect on firm value, while in the transportation sector it has no effect on firm value. Carbon emission disclosure in the mining, electricity energy, and transportation sectors has no effect on carbon-based compensation. Environmental performance in the mining sector has a negative and significant effect on carbon-based compensation, while in the electricity energy and transportation sectors it has no effect on carbon-based compensation. The results of the intervening variable test indicate that carbon-based compensation is not able to mediate the effect of carbon emission disclosure and environmental performance on firm value in the mining, electricity energy, and transportation sectors.

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