Green Accounting, Environmental Performance, and Energy Firm Value: The Moderating Role of ESG
Keywords:
green accounting, environmental performance, ESG, corporate value, energy sector
Abstract
The energy sector is highly sensitive to environmental issues; Consequently, a company's ability to manage environmental impacts and communicate its sustainability commitments has become increasingly relevant to the creation of corporate value. This study aims to analyze the impact of green accounting implementation and environmental performance on corporate value, while also examining the role of Environmental, Social, and Governance (ESG) factors as a moderating variable. A quantitative approach was employed, focusing on energy sector companies listed on the Indonesia Stock Exchange during the 2021–2025 period. A purposive sampling method was used, resulting in a sample of 40 companies and 200 observations. Data analysis was conducted using multiple linear regression and Moderated Regression Analysis (MRA) with the aid of SPSS. The results of the primary model indicate that both green accounting implementation and environmental performance have a positive and significant impact on corporate value. While ESG did not strengthen the impact of green accounting, it did strengthen the impact of environmental performance. However, robustness tests revealed that the influence of environmental performance and the moderating effect of ESG are sensitive to the choice of proxy for corporate value; therefore, interpretations should be made with certain caveats.
References
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Amanda, I., & Mariana. (2025). The effect of green accounting implementation and environmental performance on corporate profitability (A study on automotive sub-sector manufacturing companies for the 2020–2023 Period). International Journal Of Management Finance, 3(1), 93–101. https://doi.org/10.62017/finance.v3i1.112
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Ariefianto, M. D., Rahmansyah, F., Wijaya, V., & Audreane, V. (2024). The Role of Environment Social and Governance (ESG) Score To Cost of Debt: Evidence From ASEAN Countries. International Journal of Finance & Economics, 2(1), 52–68. https://doi.org/10.1002/ijfe.3056
Arifin, Z. (2019). Teori Keuangan dan Pasar Modal. Ekonisia.
Aryani, R., Hapsari, I., Amir, & Santoso, S. E. B. (2023). The Effect of Profitability on Firm Value with Company Size as a Moderating Variable in the Industrial Sector in 2019-2021. Formosa Journal of Science and Technology (FJST), 2(1), 13–26. https://doi.org/10.55927/fjst.v2i1.2442
Aswangga, F. B., & Widoretno, A. A. (2025). Penerapan green accounting, profitabilitas, dan good corporate governance terhadap nilai perusahaan (studi kasus perusahaan sektor food and beverage yang terdaftar di Bursa Efek Indonesia Tahun 2021-2023). Ratio Reviu Akuntansi Kontemporer Indonesia, 6(1). https://doi.org/10.30595/ratio.v6i1.23922
Atarwaman, R. J., Layn, Y. Y., & Sangaji, S. H. (2025). Green accounting implementation and environmental performance on the value of mining companies listed on the IDX year 2020-2023. International Journal of Economic Literature (INJOLE), 3(6), 790–802.
Azahra, A., & Hasnawati. (2024). The Effect of ESG Disclosure, Audit Quality, Internal Audit, on Company Value. Jurnal Indonesia Sosial Sains, 5(2), 150–164. https://doi.org/10.59141/jiss.v5i02.992
Azahra, R., & Sulistyowati, E. (2025). Pengaruh profitabilitas dan kinerja lingkungan terhadap nilai perusahaan: Studi pada perusahaan sub sektor food and beverage. Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen Dan Akuntansi, 14(2), 545–562.
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Delvia, S., & Helmy, H. (2024). Pengaruh green accounting dan pengungkapan corporate social responsibility terhadap nilai perusahaan. Jurnal Eksplorasi Akuntansi (JEA), 6(4), 1372–1389. https://doi.org/10.24036/jea.v6i4.1737
Dianty, A., & Nurrahim, G. (2022). Pengaruh penerapan green accounting dan kinerja lingkungan terhadap kinerja keuangan. Economics Professional in Action (E-Profit), 4(2), 136–145. https://doi.org/10.37278/eprofit.v4i2.529
Dohrmann, M., Martinez-Blasco, M., Jordi Cuadros, F., & Sanz, P. (2025). Environmental Performance and Firm Value: The Moderating Role of ESG-Executive Compensation. Sustainable Development, 33(4), 6215–6227. https://doi.org/10.1002/sd.3454
Erlangga, C. M., Fauzi, A., & Sumiati, A. (2021). Penerapan green accounting dan corporate social responsibility disclosure terhadap nilai perusahaan melalui profitabilitas. Akuntabilitas: Jurnal Ilmu Akuntansi, 14(1), 61 – 78. https://doi.org/10.15408/akt.v14i1.20749
Feng, Z., & Wu, Z. (2021). ESG disclosure, REIT debt financing and firm value. The Journal of Real Estate Finance and Economics, Forthcoming, 1–52.
Gantino, R., Ruswanti, E., & Widodo, A. M. (2023). Green accounting and intellectual capital effect on firm value moderated by business strategy. Jurnal Akuntansi, 27(1), 38–61. https://doi.org/10.24912/jm.v27i1.1118
Gustinya, D. (2022). Pengaruh penerapan green accounting terhadap nilai perusahaan manufaktur peserta proper yang listing di Bursa Efek Indonesia tahun 2017 - 2019. Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 9(2), 759–771. https://doi.org/10.35137/jabk.v9i2.688
Harahap, F. A., & Yuyetta, E. N. A. (2025). Pengaruh penerapan green accounting terhadap nilai perusahaan (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2022-2023). Diponegoro Journal Of Accounting, 14(2), 1–15.
Herny, H., & Herawaty, V. (2024). The effect of green accounting implementation, environmental performance, and sustainability growth on financial reporting quality with profitability as a moderating variable. Golden Ratio of Finance Management, 4(2), 151–160. https://doi.org/10.52970/grfm.v4i2.479
Ilmi, N., & Setiyaningsih, T. A. (2025). Pengaruh kinerja lingkungan dan biaya lingkungan terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening. INNOVATIVE: Journal Of Social Science Research, 5(1), 955–966.
Jayanti, F., Syaipudin, U., & Susilowati, R. Y. N. (2025). The influence of environmental, social, governance disclosure and profitability on firm value in the BEI Period 2017–2023. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(3), 9932–9944. https://doi.org/10.31538/iijse.v8i3.7382
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Kusumo, M. D. A., & Yuyeta, E. N. A. (2025). Pengaruh kinerja lingkungan dan pengungkapan ESG terhadap nilai perusahaan dan kinerja keuangan perusahaan (Studi empiris pada perusahaan Kompas 100 yang mengikuti Proper periode 2021-2023). Diponegoro Journal Of Accounting, 14(3), 1–14.
Lako, A. (2022). Akuntansi Hijau: Isu, Teori, dan Aplikasi. Salemba Empat.
Lestari, A. D., & Khomsiyah. (2023). Pengaruh kinerja lingkungan, penerapan green accounting, dan pengungkapan sustainability report terhadap nilai perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (Jebma), 3(3), 527–539. https://doi.org/10.47709/jebma.v3i3.2799
Li, Q., Liu, C., & Lin, Y.-E. (2025). ESG and Firm Value: The Moderating Effects of Corporate Transparency and Institutional Environment. International Journal of Finance & Economics, 31(2), 1582–1605. https://doi.org/10.1002/ijfe.70005
Melawati, H. G. (2022). Pengaruh green accounting dan pengungkapan csr terhadap nilai perusahaan: profitabilitas sebagai variabel mediasi. Jurnal Ilmu Dan Riset Akuntansi, 11(6), 1–25.
Melvani, G. P., & Arsjah, R. J. (2025). Pengaruh green accounting, intellectual capital dan pengungkapan lingkungan terhadap nilai perusahaan. Journal of Accounting and Finance Management, 5(6), 1811–1821. https://doi.org/10.38035/jafm.v5i6
Mirnawati, N. W. M., & Dewi, P. E. D. M. (2023). Pengaruh penerapan green accounting, ukuran perusahaan, dan kepemilikan saham terhadap nilai perusahaan pada perusahaan sektor kesehatan yang terdaftar di Bursa Efek Indonesia Periode 2018-2021. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi), 14(4), 1121–1131.
Noviyanti, F., & Priyawan, S. (2026). Pengaruh green accounting, kinerja lingkungan dan corporate social responsibility terhadap nilai perusahaan pada perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia. Gemah Ripah: Jurnal Bisnis, 5(4), 1042–1053. https://doi.org/10.69957/grjb.v5i04.2660
Pangestu, T. S. C., & Khomsiyah. (2025). Pengaruh Environmental, Social, Governance (ESG), Green Accounting, dan Growth Opportunity Terhadap Nilai Perusahaan. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 6(3), 1656–1668. https://doi.org/10.47467/elmal.v6i3.6975
Piyani, H. O., & Hamdana. (2024). Interaksi dinamis: implementasi green accounting, kinerja lingkungan dan pengaruhnya terhadap nilai perusahaan melalui lensa profitabilitas pada perusahaan industri yang terdaftar di BEI periode 2019 – 2023. Journal Geoekonomi, 15(02), 247–258. https://doi.org/10.36277/geoekonomi.v15i2.524
Postiglione, M., Carini, C., & Falini, A. (2024). ESG and firm value: A hybrid literature review on cost of capital implications from Scopus database. Corporate Social Responsibility and Environmental Management, 31(6), 6457–6480. https://doi.org/10.1002/csr.2940
Prasetio, D., & Prijanto, B. (2024). Pengaruh kinerja lingkungan terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi pada perusahaan sub sektor industri dasar dan kimia yang terdaftar di bursa efek indonesia periode 2019 - 2022. FINANCIAL: Jurnal Akuntansi, 10(2), 294–303.
Putri, A. I., & Dewi, R. R. (2025). Pengaruh akuntansi manajemen lingkungan, kinerja lingkungan dan pengungkapan lingkungan terhadap nilai perusahaan. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 14(9), 1278–1293.
Rosalina, Waskito, J., & Utami, Y. (2025). Firm Value dan Faktor Penentunya di Sektor Energi: Peran Strategis Komisaris Independen. Jurnal Alwatzikhoebillah: Kajian Islam, Pendidikan, Ekonomi, Humaniora, 11(2), 648–659. https://doi.org/10.37567/alwatzikhoebillah.v11i2.4029
Rosaline, V. D., & Wuryani, E. (2020). Pengaruh penerapan green accounting dan environmental performance terhadap economic performance. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 569–578. https://doi.org/10.17509/jrak.v8i3.26158
Salsabila, A., & Widiatmoko, J. (2022). Pengaruh green accounting terhadap nilai perusahaan dengan kinerja keuangan sebagai variabel mediasi pada perusahaan manufaktur yang terdaftar di BEI Tahun 2018-2021. Jurnal Mirai Management, 7(1), 410–424. https://doi.org/10.37531/mirai.v7i1.2178
Sapulette, S. G., & Limba, F. B. (2021). Pengaruh penerapan green accounting dan kinerja lingkungan terhadap nilai perusahaan manufaktur yang terdaftar di BEI tahun 2018-2020. Kupna Jurnal, 2(2), 31–43. https://doi.org/10.30598/kupna.v2.i1.p31-43
Septiana, A., & Sundari, B. (2024). Pengaruh penerapan green accounting dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan sub sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia periode 2022. Financial: Jurnal Akuntansi, 10(2), 210–220. https://financial.ac.id/index.php/financial
So, W. (2026). Carbon dioxide emissions of the most polluting countries worldwide in 2010 and 2024 (in million metric tons). Statistika. https://www.statista.com/statistics/270499/co2-emissions-in-selected-countries/
Sululing, S., Dako, A., & Teri. (2024). Green Accounting Impact on Profitability in Mining Companies Listed on the Indonesia Stock Exchange. Atma Jaya Accounting Research (AJAR), 7(2), 187–207.
Wulandari, S. (2021). Pengaruh profitabilitas, struktur modal, ukuran perusahaan, pertumbuhan perusahaan dan struktur aset terhadap nilai perusahaan. Akuntabel, 18(4), 753–761.
Yuliandhari, W. S., & Nurramadhani, R. N. (2024). Determinants of company value in energy sector companies. Jurnal Akuntansi, 28(2), 225–243. https://doi.org/10.24912/ja.v28i2.1681
Agatha, S. N., & Widoretno, A. A. (2023). Pengaruh green accounting dan material flow cost accounting terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening. AKUISISI : Jurnal Akuntansi, 19(2), 347–361.
Amanda, I., & Mariana. (2025). The effect of green accounting implementation and environmental performance on corporate profitability (A study on automotive sub-sector manufacturing companies for the 2020–2023 Period). International Journal Of Management Finance, 3(1), 93–101. https://doi.org/10.62017/finance.v3i1.112
Anggriani, B., & Syaipudin, U. (2025). Pengaruh biaya lingkungan dan kinerja lingkungan terhadap nilai perusahaan. EKONOMIKA45: Jurnal Ilmiah Manajemen, Ekonomi Bisnis, Kewirausahaan, 12(2), 459–473. https://doi.org/10.30640/ekonomika45.v12i2.4422
Ariefianto, M. D., Rahmansyah, F., Wijaya, V., & Audreane, V. (2024). The Role of Environment Social and Governance (ESG) Score To Cost of Debt: Evidence From ASEAN Countries. International Journal of Finance & Economics, 2(1), 52–68. https://doi.org/10.1002/ijfe.3056
Arifin, Z. (2019). Teori Keuangan dan Pasar Modal. Ekonisia.
Aryani, R., Hapsari, I., Amir, & Santoso, S. E. B. (2023). The Effect of Profitability on Firm Value with Company Size as a Moderating Variable in the Industrial Sector in 2019-2021. Formosa Journal of Science and Technology (FJST), 2(1), 13–26. https://doi.org/10.55927/fjst.v2i1.2442
Aswangga, F. B., & Widoretno, A. A. (2025). Penerapan green accounting, profitabilitas, dan good corporate governance terhadap nilai perusahaan (studi kasus perusahaan sektor food and beverage yang terdaftar di Bursa Efek Indonesia Tahun 2021-2023). Ratio Reviu Akuntansi Kontemporer Indonesia, 6(1). https://doi.org/10.30595/ratio.v6i1.23922
Atarwaman, R. J., Layn, Y. Y., & Sangaji, S. H. (2025). Green accounting implementation and environmental performance on the value of mining companies listed on the IDX year 2020-2023. International Journal of Economic Literature (INJOLE), 3(6), 790–802.
Azahra, A., & Hasnawati. (2024). The Effect of ESG Disclosure, Audit Quality, Internal Audit, on Company Value. Jurnal Indonesia Sosial Sains, 5(2), 150–164. https://doi.org/10.59141/jiss.v5i02.992
Azahra, R., & Sulistyowati, E. (2025). Pengaruh profitabilitas dan kinerja lingkungan terhadap nilai perusahaan: Studi pada perusahaan sub sektor food and beverage. Equilibrium: Jurnal Ilmiah Ekonomi, Manajemen Dan Akuntansi, 14(2), 545–562.
Brigham, E. F., & Houston, J. F. (2021). Dasar–Dasar Manajemen Keuangan. Salemba Empat.
Delvia, S., & Helmy, H. (2024). Pengaruh green accounting dan pengungkapan corporate social responsibility terhadap nilai perusahaan. Jurnal Eksplorasi Akuntansi (JEA), 6(4), 1372–1389. https://doi.org/10.24036/jea.v6i4.1737
Dianty, A., & Nurrahim, G. (2022). Pengaruh penerapan green accounting dan kinerja lingkungan terhadap kinerja keuangan. Economics Professional in Action (E-Profit), 4(2), 136–145. https://doi.org/10.37278/eprofit.v4i2.529
Dohrmann, M., Martinez-Blasco, M., Jordi Cuadros, F., & Sanz, P. (2025). Environmental Performance and Firm Value: The Moderating Role of ESG-Executive Compensation. Sustainable Development, 33(4), 6215–6227. https://doi.org/10.1002/sd.3454
Erlangga, C. M., Fauzi, A., & Sumiati, A. (2021). Penerapan green accounting dan corporate social responsibility disclosure terhadap nilai perusahaan melalui profitabilitas. Akuntabilitas: Jurnal Ilmu Akuntansi, 14(1), 61 – 78. https://doi.org/10.15408/akt.v14i1.20749
Feng, Z., & Wu, Z. (2021). ESG disclosure, REIT debt financing and firm value. The Journal of Real Estate Finance and Economics, Forthcoming, 1–52.
Gantino, R., Ruswanti, E., & Widodo, A. M. (2023). Green accounting and intellectual capital effect on firm value moderated by business strategy. Jurnal Akuntansi, 27(1), 38–61. https://doi.org/10.24912/jm.v27i1.1118
Gustinya, D. (2022). Pengaruh penerapan green accounting terhadap nilai perusahaan manufaktur peserta proper yang listing di Bursa Efek Indonesia tahun 2017 - 2019. Jurnal Akuntansi Dan Bisnis Krisnadwipayana, 9(2), 759–771. https://doi.org/10.35137/jabk.v9i2.688
Harahap, F. A., & Yuyetta, E. N. A. (2025). Pengaruh penerapan green accounting terhadap nilai perusahaan (Studi empiris pada perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2022-2023). Diponegoro Journal Of Accounting, 14(2), 1–15.
Herny, H., & Herawaty, V. (2024). The effect of green accounting implementation, environmental performance, and sustainability growth on financial reporting quality with profitability as a moderating variable. Golden Ratio of Finance Management, 4(2), 151–160. https://doi.org/10.52970/grfm.v4i2.479
Ilmi, N., & Setiyaningsih, T. A. (2025). Pengaruh kinerja lingkungan dan biaya lingkungan terhadap nilai perusahaan dengan profitabilitas sebagai variabel intervening. INNOVATIVE: Journal Of Social Science Research, 5(1), 955–966.
Jayanti, F., Syaipudin, U., & Susilowati, R. Y. N. (2025). The influence of environmental, social, governance disclosure and profitability on firm value in the BEI Period 2017–2023. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 8(3), 9932–9944. https://doi.org/10.31538/iijse.v8i3.7382
Kementerian Lingkungan Hidup. (2026). PROPER 2024–2025: Menteri LH Tegaskan Lompatan Transformasi Industri Berkelas Dunia. Kementerian Lingkungan Hidup. https://proper.menlhk.go.id/proper/berita/detail/401
Kusumo, M. D. A., & Yuyeta, E. N. A. (2025). Pengaruh kinerja lingkungan dan pengungkapan ESG terhadap nilai perusahaan dan kinerja keuangan perusahaan (Studi empiris pada perusahaan Kompas 100 yang mengikuti Proper periode 2021-2023). Diponegoro Journal Of Accounting, 14(3), 1–14.
Lako, A. (2022). Akuntansi Hijau: Isu, Teori, dan Aplikasi. Salemba Empat.
Lestari, A. D., & Khomsiyah. (2023). Pengaruh kinerja lingkungan, penerapan green accounting, dan pengungkapan sustainability report terhadap nilai perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (Jebma), 3(3), 527–539. https://doi.org/10.47709/jebma.v3i3.2799
Li, Q., Liu, C., & Lin, Y.-E. (2025). ESG and Firm Value: The Moderating Effects of Corporate Transparency and Institutional Environment. International Journal of Finance & Economics, 31(2), 1582–1605. https://doi.org/10.1002/ijfe.70005
Melawati, H. G. (2022). Pengaruh green accounting dan pengungkapan csr terhadap nilai perusahaan: profitabilitas sebagai variabel mediasi. Jurnal Ilmu Dan Riset Akuntansi, 11(6), 1–25.
Melvani, G. P., & Arsjah, R. J. (2025). Pengaruh green accounting, intellectual capital dan pengungkapan lingkungan terhadap nilai perusahaan. Journal of Accounting and Finance Management, 5(6), 1811–1821. https://doi.org/10.38035/jafm.v5i6
Mirnawati, N. W. M., & Dewi, P. E. D. M. (2023). Pengaruh penerapan green accounting, ukuran perusahaan, dan kepemilikan saham terhadap nilai perusahaan pada perusahaan sektor kesehatan yang terdaftar di Bursa Efek Indonesia Periode 2018-2021. JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi), 14(4), 1121–1131.
Noviyanti, F., & Priyawan, S. (2026). Pengaruh green accounting, kinerja lingkungan dan corporate social responsibility terhadap nilai perusahaan pada perusahaan manufaktur sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia. Gemah Ripah: Jurnal Bisnis, 5(4), 1042–1053. https://doi.org/10.69957/grjb.v5i04.2660
Pangestu, T. S. C., & Khomsiyah. (2025). Pengaruh Environmental, Social, Governance (ESG), Green Accounting, dan Growth Opportunity Terhadap Nilai Perusahaan. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 6(3), 1656–1668. https://doi.org/10.47467/elmal.v6i3.6975
Piyani, H. O., & Hamdana. (2024). Interaksi dinamis: implementasi green accounting, kinerja lingkungan dan pengaruhnya terhadap nilai perusahaan melalui lensa profitabilitas pada perusahaan industri yang terdaftar di BEI periode 2019 – 2023. Journal Geoekonomi, 15(02), 247–258. https://doi.org/10.36277/geoekonomi.v15i2.524
Postiglione, M., Carini, C., & Falini, A. (2024). ESG and firm value: A hybrid literature review on cost of capital implications from Scopus database. Corporate Social Responsibility and Environmental Management, 31(6), 6457–6480. https://doi.org/10.1002/csr.2940
Prasetio, D., & Prijanto, B. (2024). Pengaruh kinerja lingkungan terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi pada perusahaan sub sektor industri dasar dan kimia yang terdaftar di bursa efek indonesia periode 2019 - 2022. FINANCIAL: Jurnal Akuntansi, 10(2), 294–303.
Putri, A. I., & Dewi, R. R. (2025). Pengaruh akuntansi manajemen lingkungan, kinerja lingkungan dan pengungkapan lingkungan terhadap nilai perusahaan. E-Jurnal Ekonomi Dan Bisnis Universitas Udayana, 14(9), 1278–1293.
Rosalina, Waskito, J., & Utami, Y. (2025). Firm Value dan Faktor Penentunya di Sektor Energi: Peran Strategis Komisaris Independen. Jurnal Alwatzikhoebillah: Kajian Islam, Pendidikan, Ekonomi, Humaniora, 11(2), 648–659. https://doi.org/10.37567/alwatzikhoebillah.v11i2.4029
Rosaline, V. D., & Wuryani, E. (2020). Pengaruh penerapan green accounting dan environmental performance terhadap economic performance. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 569–578. https://doi.org/10.17509/jrak.v8i3.26158
Salsabila, A., & Widiatmoko, J. (2022). Pengaruh green accounting terhadap nilai perusahaan dengan kinerja keuangan sebagai variabel mediasi pada perusahaan manufaktur yang terdaftar di BEI Tahun 2018-2021. Jurnal Mirai Management, 7(1), 410–424. https://doi.org/10.37531/mirai.v7i1.2178
Sapulette, S. G., & Limba, F. B. (2021). Pengaruh penerapan green accounting dan kinerja lingkungan terhadap nilai perusahaan manufaktur yang terdaftar di BEI tahun 2018-2020. Kupna Jurnal, 2(2), 31–43. https://doi.org/10.30598/kupna.v2.i1.p31-43
Septiana, A., & Sundari, B. (2024). Pengaruh penerapan green accounting dan ukuran perusahaan terhadap nilai perusahaan pada perusahaan sub sektor industri dasar dan kimia yang terdaftar di Bursa Efek Indonesia periode 2022. Financial: Jurnal Akuntansi, 10(2), 210–220. https://financial.ac.id/index.php/financial
So, W. (2026). Carbon dioxide emissions of the most polluting countries worldwide in 2010 and 2024 (in million metric tons). Statistika. https://www.statista.com/statistics/270499/co2-emissions-in-selected-countries/
Sululing, S., Dako, A., & Teri. (2024). Green Accounting Impact on Profitability in Mining Companies Listed on the Indonesia Stock Exchange. Atma Jaya Accounting Research (AJAR), 7(2), 187–207.
Wulandari, S. (2021). Pengaruh profitabilitas, struktur modal, ukuran perusahaan, pertumbuhan perusahaan dan struktur aset terhadap nilai perusahaan. Akuntabel, 18(4), 753–761.
Yuliandhari, W. S., & Nurramadhani, R. N. (2024). Determinants of company value in energy sector companies. Jurnal Akuntansi, 28(2), 225–243. https://doi.org/10.24912/ja.v28i2.1681
Published
2026-10-02
How to Cite
Meilina Nurhaeni, & Sri Sulistyowati. (2026). Green Accounting, Environmental Performance, and Energy Firm Value: The Moderating Role of ESG. International Journal of Economics, Business and Innovation Research, 5(05), 5685-5710. https://doi.org/10.63922/ijebir.v5i05.6258
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Email : ijebir@citakonsultindo.or.id / editor.ijebir@gmail.com
