_.gif)
_.gif)
Determinants of Environmental Information Disclosure in Blue Category of PROPER Assessment
Abstract
The need for environmental information disclosure on the activities of companies classified as "reactive" or companies with the PROPER assessment category in blue at this time, prompted this study to try to investigate the factors that could influence it. The level of effectiveness of loans in an effort to increase the rate of return on asset performance is the point of view in this study. This study aims to test the hypothesis of a measure of environmental information from the Indonesian Environmental Reporting Index. This study used 18 companies as samples with the PROPER-blue category. The results of empirical testing prove that the level of loan effectiveness has a negative and significant effect on the extent of environmental information disclosure and the rate of return on asset performance has a positive and significant effect on the extent of environmental information disclosure. The implications of the results of this study are expected to be a reference for better disclosure of environmental management.
Keywords
Full Text:
PDFReferences
Ansari, T. (2019). Reminding State Owned Enterprises (BUMN) Management Using the Principle of ’Business Judgment Rule’: A Preliminary Note. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). P. 27-38
Bose, S., Saha, A., Khan, H.Z. and Islam, S. (2017), “Non-financial disclosure and market-based firmperformance: the initiation of financial inclusion”, Journal of Contemporary Accounting andEconomics, Vol. 13 No. 3, pp. 263-281.
Chandok, Ravi Inder Singh and Singh, Sukhdev. (2017), “Empirical study on determinants of environmental disclosure: Approach of selected conglomerates”, Managerial Auditing Journal; Bradford Vol. 32, Iss. 4/5: 332-355. DOI:10.1108/MAJ-03-2016-1344.
Dhaliwal, D., Li, O.Z., Tsang, A.H. and Yang, Y.G. (2011), “Voluntary non-financial disclosure and thecost of equity capital: the case of corporate social responsibility reporting”, The AccountingReview, Vol. 86 No. 1, pp. 59-100.
Erragragui, E. (2018), “Do creditors price firms’ environmental, social and governance risks?”, Researchin International Business and Finance, Vol. 45, pp. 197-207, available at: https://doi.org/10.1016/j.ribaf.2017.07.151.
Fonseka, M.; Rajapakse, T.; Tian, G.L. (2019), “The effects of environmental information disclosure and energy types on the cost of equity: Evidence from the energy industry in China”. Abacus, 55, 362–410.
García-Sánchez, I.M. and Noguera-Gámez, L. (2017), “Integrated information and the cost of capital”,International Business Review, Vol. 26 No. 5, pp. 959-975.
Hamrouni, Amal; Rim Boussaada; and Nadia Ben Farhat Toumi. (2019). “Corporate social responsibility disclosure and debt financing”. Journal of Applied Accounting Research; Leicester Vol. 20, Iss. 4, 394-415. DOI:10.1108/JAAR-01-2018-0020.
Kong, H. and Tang, W. (2016), “Research on the influencing factors of environmental information disclosure quality based on the stakeholder perspective”, Management Review, Vol. 28 No. 9, pp. 182-193.
Li, Q. and Feng, B. (2015), “Do companies quietly disclose environmental information? A study of the relationship between environmental investment and environmental information disclosure quality under the pressure of competition”, Journal of Zhong Nan University of Economics and Law, No. 4, pp. 141-148.
Listyaningsih, Erna; Natalina. (2020), “Factors Influencing The Greenhouse Gas Emission Disclosure on Manufacturing Firms in Indonesia”, IOP Conference Series. Materials Science and Engineering; Bristol Vol. 807, Iss. 1, DOI:10.1088/1757-899X/807/1/012005.
Magdalena, S., Suhatman, R. (2020). The Effect of Government Expenditures, Domestic Invesment, Foreign Invesment to the Economic Growth of Primary Sector in Central Kalimantan. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). Volume 3, No 3, Page: 1692-1703.
Mathuva, D.M., Mboya, J.K. and McFie, J.B. (2017), “Achieving legitimacy through cooperativegovernance and social and environmental disclosure by credit unions in a developing country”,Journal of Applied Accounting Research, Vol. 18 No. 2, pp. 162-184.
Octiva, C. S., Irvan, Sarah, M., Trisakti, B., & Daimon, H. (2018). Production of Biogas from Co-digestion of Empty Fruit Bunches (EFB) with Palm Oil Mill Effluent (POME): Effect of Mixing Ratio. Rasayan J. Chem., 11(2), 791-797.
Octiva, Cut Susan, Indriyani, & Santoso, Ari Beni. (2021). Effect of Stirring Co-digestion of Palm Oil and Fruith for Biogas Production to Increase Economy Benefit. Budapest International Research and Critics Institute-Journal, 4(4), 14152-14160. DOI: https://doi.org/10.33258/birci.v4i4.3521.
Pandia, S., Tanata, S., Rachel, M., Octiva, C., & Sialagan, N. (2018). Effect of Fermentation Time of Mixture of Solid and Liquid Wastes from Tapioca Industry to Percentage Reduction of TSS (Total Suspended Solids). IOP Conference Series: Materials Science and Engineering, 309, 012086. DOI: 10.1088/1757-899X/309/1/012086.
Pandiangan, Saut Maruli Tua, Resmawa, Ira Ningrum, Simanjuntak, Owen De Pinto, Sitompul, Pretty Naomi, & Jefri, Riny. (2021). Effect of E-Satisfaction on Repurchase Intention in Shopee User Students. Budapest International Research and Critics Institute-Journal, 4(4), 7785-7791. DOI: https://doi.org/10.33258/birci.v4i4.2697.
Pandiangan, Saut Maruli Tua, Rujiman, Rahmanta, Tanjung, Indra I., Darus, Muhammad Dhio, & Ismawan, Agus. (2018). An Analysis on the Factors which Influence Offering the Elderly as Workers in Medan. IOSR Journal of Humanities and Social Science (IOSR-JHSS), 23(10), 76-79. DOI: 10.9790/0837-2310087679. http://www.iosrjournals.org/iosr-jhss/papers/Vol.%2023%20Issue10/Version-8/K2310087679.pdf.
Pandiangan, Saut Maruli Tua. (2015). Analisis Lama Mencari Kerja Bagi Tenaga Kerja Terdidik di Kota Medan. Skripsi. Medan: Fakultas Ekonomi dan Bisnis, Program Studi Ekonomi Pembangunan, Universitas Sumatera Utara. https://www.academia.edu/52494724/Analisis_Lama_Mencari_Kerja_Bagi_Tenaga_Kerja_Terdidik_di_Kota_Medan.
Pandiangan, Saut Maruli Tua. (2018). Analisis Faktor-faktor yang Mempengaruhi Penawaran Tenaga Kerja Lanjut Usia di Kota Medan. Tesis. Medan: Fakultas Ekonomi dan Bisnis, Program Studi Ilmu Ekonomi, Universitas Sumatera Utara. http://repositori.usu.ac.id/bitstream/handle/123456789/10033/167018013.pdf?sequence=1&isAllowed=y.
Passetti, E., Cinquini, L. and Tenucci, A. (2018), “Implementing internal environmental managementand voluntary environmental disclosure: does organisational change happen”, Accounting,Auditing and Accountability Journal, Vol. 31 No. 4, pp. 1145-1173.
Programme for Assessment of Company Performance Rating Program in Environmental Management-PROPER, 2020.
Shah, M. M., et al. (2020). The Development Impact of PT. Medco E & P Malaka on Economic Aspects in East Aceh Regency. Budapest International Research and Critics Institute-Journal (BIRCI-Journal). Volume 3, No 1, Page: 276-286
Shim, Hoshik.(2020), “Disclosure Frequency, Information Environment, and Cost of Capital under Regulation Fair Disclosure in the Korean Market”. Sustainability; Basel Vol. 12, Iss. 14, 5856. DOI:10.3390/su12145856.
Suhardjanto, D., Tower, G., dan Brown, A.M. (2008). “The Fallacy of Assuming Equality: Evidence Showing Vastly Different Weighting of the Global Reporting Intiative’s Key Items”. International Business & Economics Research Journal.
Tobing, Murniati, Afifuddin, Sya’ad, Rahmanta, Huber, Sandra Rouli, Pandiangan, Saut Maruli Tua, & Muda, Iskandar. (2018). An Analysis on the Factors Which Influence the Earnings of Micro and Small Business: Case at Blacksmith Metal Industry. Academic Journal of Economic Studies, 5(1), 17-23. https://www.ceeol.com/search/article-detail?id=754945.
UU Nomor 40 Tahun 2007 tentang UU Perseroan Terbatas.
Wang, Jianshu and Zhang, Bo. (2019), “Quality of environmental information disclosure and enterprise characteristics: Based on heavily polluted industries of A-share in the Shanghai Stock Exchange”. Management of Environmental Quality; Bradford Vol. 30, Iss. 5: 963-979. DOI:10.1108/MEQ-11-2018-0194.
Ye, C.G., Wang, Z., Wu, J.F. and Li, H. (2015), “External governance, environmental information disclosure and the cost equity financing”, Nankai Business Review, Vol. 18 No. 5, pp. 85-96.
Zhang, Ling; Zhang, Sheng; Guo, Yingyuan. (2019), “The effects of equity financing and debt financing on technological innovation: Evidence from developed countries”. Baltic Journal of Management; Bradford Vol. 14, Iss. 4,698-715. DOI:10.1108/BJM-01-2019-0011.
DOI: https://doi.org/10.33258/birci.v5i1.4012
Article Metrics
Abstract view : 50 timesPDF - 22 times
Refbacks
- There are currently no refbacks.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.