The impact of disclosure of green accounting information on company performance on the Indonesia Stock Exchange

• Autores: Romandhon Romandhon, Bambang Agus Pramuka, Puji Lestari, M. Elfan Kaukab
• Localización: Contaduría y administración, ISSN 0186-1042, ISSN-e 2448-8410, Vol. 70, Nº. 1, 2025, págs. 1-21
• Idioma: español
• Títulos paralelos:
  • El impacto de la divulgación de información contable verde sobre el desempeño de las empresas en la Bolsa de Valores de Indonesia
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    This study examines how disclosing green accounting information affects company performance. The data involves 43 companies listed on the Indonesian Stock Exchange (IDX) during 2019-2022. The data consists of the disclosure of qualitative information (number of report pages needed to describe each corporate social responsibilities (CSR) activity), quantitative green accounting disclosures (presence of tables detailing and comparing each activity), the volume of disclosure (number of pages of the annual report assigned to CSR), the business sector contribution to environmental damage, and company performance. Data were analyzed using linear regression. The results show that the ratio of the number of pages per activity has a negative effect. In contrast, the number of pages positively affects company performance. Meanwhile, a specific table has a positive effect only on ROE. Therefore, this study concludes that companies must develop green accounting as a quantitative approach to maintain company performance.

  • English

    Este estudio examina cómo la divulgación de información contable ecológica afecta el desempeño de la empresa. Los datos involucran a 43 empresas que cotizan en la Bolsa de Valores de Indonesia (IDX) durante 2019-2022. Los datos consisten en la divulgación de información cualitativa (número de páginas del informe necesarias para describir cada actividad de responsabilidad social corporativa (RSE)), divulgaciones cuantitativas de contabilidad verde (presencia de tablas que detallan y comparan cada actividad), el volumen de divulgación (número de páginas del informe anual asignado a RSC), la contribución del sector empresarial al daño ambiental y el desempeño de la empresa. Los datos se analizaron mediante regresión lineal. Los resultados muestran que el ratio del número de páginas por actividad tiene un efecto negativo. Por el contrario, el número de páginas afecta positivamente al rendimiento de la empresa. Mientras tanto, una tabla específica tiene un efecto positivo sólo en el ROE. Por lo tanto, este estudio concluye que las empresas deben desarrollar la contabilidad verde como un enfoque cuantitativo para mantener el desempeño empresarial.

• Referencias bibliográficas
  • Artene, A., Bunget, O.-C., Dumitrescu, A.-C., Domil, A.-E., & Bogdan, O. (2020). Non-Financial Information Disclosures and Environmental...
  • Baah, C., Opoku-Agyeman, D., Acquah, I. S. K., Agyabeng-Mensah, Y., Afum, E., Faibil, D., &
  • Abdoulaye, F. A. M. (2021). Examining the correlations between stakeholder pressures, green production practices, firm reputation, environmental...
  • Buallay, A. M. (2020). Sustainability reporting and bank's performance: Comparison between developed and developing countries. World Review...
  • Buallay, A. M., Al Marri, M., Nasrallah, N., Hamdan, A., Barone, E., & Zureigat, Q. (2023). Sustainability reporting in banking and financial...
  • Buric, M. N., Stojanovic, A. J., Filipovic, A. L., & Kascelan, L. (2022). Research of Attitudes toward Implementation of Green Accounting...
  • Deb, B. C., Rahman, Md. M., & Rahman, M. S. (2022). The impact of environmental management accounting on environmental and financial performance:...
  • Dhar, B. K., Sarkar, S. M., & Ayittey, F. K. (2022). Impact of social responsibility disclosure between implementation of green accounting...
  • Einwiller, S., Lis, B., Ruppel, C., & Sen, S. (2019). When CSR-based identification backfires: Testing the effects of CSR-related negative...
  • García-Sánchez, I., Aibar‐Guzmán, B., Aibar-Guzmán, C., & Azevedo, T. (2020). CEO ability and sustainability disclosures: The mediating...
  • Gatti, L., Seele, P., & Rademacher, L. (2019). Grey zone in – greenwash out. A review of greenwashing research and implications for the...
  • Gil-Marín, M., Vega-Muñoz, A., Contreras-Barraza, N., Salazar-Sepúlveda, G., Vera-Ruiz, S., & Losada, A. V. (2022). Sustainability Accounting...
  • Gola, K. R., Mendiratta, P., Gupta, G., & Dharwal, M. (2022). Green accounting and its application: A study on reporting practices of...
  • Gonzalez, C. C., & Mendoza, K. H. (2021). Green accounting in Colombia: A case study of the mining sector. Environment, Development and...
  • Gujarati, D. N., & Porter, D. C. (2009). Basic econometrics (5th ed). McGraw-Hill Irwin.
  • Gunarathne, A. D. N., Lee, K., & Kaluarachchilage, P. K. (2021). Institutional pressures, environmental management strategy, and organizational...
  • Hörisch, J., Schaltegger, S., & Freeman, R. E. (2020). Integrating stakeholder theory and sustainability accounting: A conceptual synthesis....
  • Howell, B. (2023). Top 7 Most Polluting Industries in 2023. The Eco Experts. Available in: https://www.theecoexperts.co.uk/blog/top-7-most-polluting-industries...
  • Khairin, F. N., Sukoharsono, E. G., Roekhudin, & Hariadi, B. (2020). The "Green" Term and Accounting Education. The International...
  • Khan, I., Khan, I., & Senturk, I. (2019). Board diversity and quality of CSR disclosure: Evidence from Pakistan. Corporate Governance:...
  • Kijkasiwat, P., & Phuensane, P. (2020). Innovation and Firm Performance: The Moderating and Mediating Roles of Firm Size and Small and...
  • Kong, Y., Javed, F., Sultan, J., Hanif, M. S., & Khan, N. (2022). EMA Implementation and Corporate Environmental Firm Performance: A Comparison...
  • Latifah, S. W., & Soewarno, N. (2023). The environmental accounting strategy and waste management to achieve MSME's sustainability...
  • Li, G., Li, L., Choi, T., & Sethi, S. P. (2020). Green supply chain management in Chinese firms: Innovative measures and the moderating...
  • Lythreatis, S., Mostafa, A. M. S., & Wang, X. (2019). Participative Leadership and Organizational Identification in SMEs in the MENA Region:...
  • Maama, H., & Appiah, K. O. (2019). Green accounting practices: Lesson from an emerging economy. Qualitative Research in Financial Markets,...
  • Majid, M. F., Meraj, M., & Mubarik, M. S. (2022). In the Pursuit of Environmental Sustainability: The Role of Environmental Accounting....
  • Mallinguh, E., Wasike, C., & Zoltan, Z. (2020). The Business Sector, Firm Age, and Performance: The Mediating Role of Foreign Ownership...
  • Moteki, N., Ohata, S., Yoshida, A., & Adachi, K. (2023). Constraining the complex refractive index of black carbon particles using the...
  • Namagembe, S., Ryan, S., & Sridharan, R. (2019). Green supply chain practice adoption and firm performance: Manufacturing SMEs in Uganda....
  • Omidi, A., & Zotto, C. (2022). Socially Responsible Human Resource Management: A Systematic Literature Review and Research Agenda. Sustainability,...
  • Patterson, M. (2023). North-West Europe Hottest Days Are Warming Twice as Fast as Mean Summer Days. Geophysical Research Letters, 50(e2023GL102757)....
  • Pinnuck, M., Ranasinghe, A., Soderstrom, N., & Zhou, J. (2021). Restatement of CSR Reports: Frequency, Magnitude, and Determinants. Contemporary...
  • Rahman, M., & Islam, M. (2023). The Impact of Green Accounting on Environmental Performance: Mediating Effects of Energy Efficiency. Environmental...
  • Reynolds-Tylus, T. (2019). Psychological Reactance and Persuasive Health Communication: A Review of the Literature. Frontiers in Communication,...
  • Rounaghi, M. M. (2019). Economic analysis of using green accounting and environmental accounting to identify environmental costs and sustainability...
  • Rustam, A., Wang, Y., & Zameer, H. (2020). Environmental awareness, firm sustainability exposure and green consumption behaviors. Journal...
  • Santer, B. D., Po-Chedley, S., Zhao, L., Zou, C.-Z., Fu, Q., Solomon, S., Thompson, D. W. J., Mears, C., & Taylor, K. E. (2023). Exceptional...
  • Shaikh, I. (2022). Environmental, Social, and Governance (ESG) Practice and Firm Performance: An International Evidence. Journal of Business...
  • Şimşek, H., & Öztürk, G. (2021). Evaluation of the relationship between environmental accounting and business performance: The case...
  • Sisaye, S. (2021). The influence of non-governmental organizations (NGOs) on the development of voluntary sustainability accounting reporting...
  • Sisaye, S. (2022). The organizational ecological resource framework of sustainability reporting: Implications for corporate social reporting...
  • Song, H. J., Yoon, Y. N., & Kang, K. H. (2020). The relationship between board diversity and firm performance in the lodging industry:...
  • Talvitie, I., Kinnunen, A., Amiri, A., & Junnila, S. (2023). Can future cities grow a carbon storage equal to forests? Environmental Research...
  • Viererbl, B., & Koch, T. (2022). The paradoxical effects of communicating CSR activities: Why CSR communication has both positive and...
  • Wendai, L., Jing, F., & Bin, L. (2022). Does more voluntary environmental information disclosure cut down the cost of equity: Heavy pollution...
  • Youn, S., & Kim, S. (2019). Understanding ad avoidance on Facebook: Antecedents and outcomes of psychological reactance. Computers in...