Determinants of Firm Value with Environmental Performance as Moderating Variable
Abstract
One of the impacts of technological developments is the emergence of online platforms that can change the process of communication and social interaction. The existence of these online platforms also has an impact on business development in Indonesia. Many startup companies in Indonesia are using social media as a digital marketing communication strategy to attract consumers and increase brand awareness. This research method is a literature review that analyzes journals related to Social Media Marketing, Internet Marketing, and digital marketing communication strategies. The results show that the creativity factor in content creation is very influential in increasing customer engagement through digital marketing carried out by startup companies.
Keywords
Full Text:
PDFReferences
Anonymous 2020: Abunajmu Wordpress. (nd). Profit, People, and Planet concept. Retrieved January 1, 2020, from https://www.abunajmu.wordpress.com
Agustina, & Nelly Nazir. (2018). Effect of Firm Size, DER, ROA and Current Assets on Price Value in Manufacturing Companies in the Textile Sub-Sector in Indonesia. Journal of Visionary & Strategic, 7(2), 43–49.
Amri, Nur Fadhila. Stakeholder Theory. Retrieved February 9, 2018, from 2015 website: https://www.e-akuntansi.com/teori-stakeholder/
Anggraeni, DY (2015). Disclosure of GHG Emissions, Environmental Performance, and Company Value. Indonesian Journal of Accounting and Finance, 12(2), 188–209.
Anonymous 2020: Annual Report and Sustainability of PT Multi Bintang. (nd). Retrieved June 13, 2020, from https://www.multistar.co.id/sustainability/sustainability-report/annual-report/
Anonymous 2020: Annual Report and Sustainability Report PT AKR. (nd). Retrieved June 12, 2020, from
Ardimas, W., & Wardoyo. (2014). The Effect of Financial Performance and Corporate Social Responsibility on the Value of Manufacturing Companies Listed on the IDX (Vol. 18, pp. 57–66). Vol. 18, pp. 57–66.
Astuti, TP, & Aryani, YA (2017). Trends in Tax Avoidance of Manufacturing Companies in Indonesia Listed on the Stock Exchange 2001-2014. Journal of Accounting, 20(3), 375–388. https://doi.org/10.24912/ja.v20i3.4
Ayu, IG, & Budiasih, N. (2015). The Influence of Good Corporate Governance on Company Value with Moderation of Corporate Social Responsibility. Udayana University Accounting E-Journal, 13(1), 114–129.
Barauallo, F. (2011). Corporate Values, Concepts, Theories, and Applications. Jakarta: Atma Jaya University.
Brigham, EF, & Houston, JF (2008). Fundamentals of Financial Management. In Health Care Management Review (Vol. 12). https://doi.org/10.1097/00004010-197702040-00014
Cadbury, A. (1992). The Financial Aspects of Corporate Governance. London.
Chasanah, AN (2018). Effect of Liquidity Ratio, Profitability, Capital Structure, and Company Size on Firm Value in Manufacturing Companies Listed on the IDX in 2015-2017. Journal of Economics and Business Research, 3(1), 39–47.
Dinah, AF, & Darsono. (2017). The Influence of Corporate Governance, Profitability, and Tax Avoidance on Firm Value. Diponegoro Journal of Accounting Volume, 6, 1–15.
Prastowo, Dwi. (2015). Financial Statement Analysis (3rd ed.). Yogyakarta: UPP STIM YKPN.
Dunne, D. (2019). Carbon Brief Profile: Indonesia. Retrieved February 2, 2020, from https://www.carbonbrief.org/the-carbon-brief-profile-indonesia
Dwiputri, RM (2019). The Effect of Corporate Governance on Financial Performance and Stock Performance on the LQ45 Stock Index. Journal of Economics and Industry, 20(1), 1–19.
Effendi, MA (2016). The Power of Good Corporate Governance (2nd Edition). Jakarta: Four Salemba.
Elkington, J. (1997). Cannibal With Work: The Triple Bottom Line in 21st Century Business. London: Capstone Publishing Limited Oxford Center for Innovation Mill.
Fathinah, A., & Hartono, D. (2014). Relationship Between Carbon Dioxide Emissions, Energy Efficiency, and Renewable Energy Consumption in ASEAN (2000-2011). Faculty of Economics, University of Indonesia (FEUI).
Fran, E., & Iskandar, D. (2016). The Effect of Carbon Emissions Disclosure and Corporate Social Responsibility on the Firm Value with Environmental Performance as Variable Control. Research Journal of Finance and Accounting, 7(9), 122–130.
Freeman, RE, & Reed, DL (1983). Stockholders and Stakeholders: A New Perspective on Corporate Governance. California Management Review, 25(3), 88–106. https://doi.org/10.2307/41165018
Gabrielle, & Toly, AA (2019). The Effect of Greenhouse Gas Emissions Disclosure and Environmental Performance on Firm Value : Indonesia Evidence. Scientific Journal of Accounting and Business, 14(1), 106–119.
Ghozali, I. (2013). Multivariate Analysis Application with SPSS Program. Semarang: Diponegoro University Publishing Agency.
Gitman, L. (2009). Principles of Managerial Finance, 12th Edition. San Diego. Government, C. (nd). Complete Book Manuscript. 1–162.
Gray, R. (2001). Thirty Years of Social Accounting, Reporting and Auditing: What (if anything) have We Learned? Business Ethics: A European Review, 10(1), 9–15. https://doi.org/10.1111/1467-8608.00207
Hamdiah, C. (2015). The Effect of Institutional Ownership and Earnings Quality on Company Value in Transportation Companies Listed on the Indonesia Stock Exchange. Journal of Economics Management and Accounting. Serambi Mekkah University Banda Aceh, Vol.1(No.1. Year 2015), pp: 1-9. ISSN: 2460-5891.
Hanifah, UMI (2017). Analysis of Company Characteristics on Carbon Emission Disclosure and the Effect of Carbon Emission Disclosure on Company Value. New Publication Manuscripts, 1–14.
Hanlon, M., & Slemrod, J. (2009). What does Tax Aggressiveness Signal ? Evidence from Stock Price Reactions to News about Tax Shelter Involvement. Journal of Public Economics, 93(1–2), 126–141. https://doi.org/10.1016/j.jpubeco.2008.09.004
Hendayana, Y. et.al. (2021). How Perception use of e-Filling Technology Enhance Knowledge of Indonesian Disability Taxpayers and Impact Tax Compliance. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 4 (2): 1687-1696.
Joko Setiawan, SS (2019). A Brief History of PROPER Ministry of Environment and Forestry RI. Retrieved January 26, 2020.
Karaca, SS, & Savsar, A. (2012). The Effect of Financial Ratios on The Firm Value: Evidence from Turkey. Journal of Applied Economic Sciences, 7(1), 56–63.
Karimah, HN, & Taufiq, E. (2017). The Effect of Tax Avoidance on Firm Value. Journal of Accounting and Finance Review, 6(2), 72–86. https://doi.org/10.22219/jrak.v6i2.06
Kelvin, C., Daromes, F., & Ng, S. (2017). Disclosure of Carbon Emissions as a Performance Improvement Mechanism to Create Corporate Value. Dynamics of Financial Accounting and Banking, 6(1), 1–18. Retrieved from https://www.unisbank.ac.id/ojs/index.php/fe9/article/view/5948
Lathifa, D. (2019). Relationship of Tax Avoidance, Tax Planning, Tax Evasion & Anti Avoidance Rule. Retrieved February 10, 2020, from https://www.online-pajak.com/cepat-tax-avoidance-tax-planning-tax-evasion-anti-avoidance-rule
Lestari, F., & Rahmayanti, D. (2019). Analysis of the Effect of Profitability on Company Value with Corporate Social Responsibility as Moderating Variable in Mining Companies on the Stock Exchange in 2010-2014. Management Insight: Scientific Journal of Management, 12(1), 24–40. https://doi.org/10.33369/insight.12.1.24-40
Lidyah, R., Amir, A., Yacob, S., & Rahayu, S. (2019). The Effect of Board of Director, Board of Commissioner and Audit Committee on Value of Firm To Islamic Social Reporting as A Mediating Variable. Journal of Business Studies and Management Review, 2(2), 82–87. https://doi.org/10.22437/jb.v2i2.7214
Luo, L., Tang, Q., & Lan, Y.-C. (2013). Comparison of Propensity for Carbon Disclosure between Developing and Developed Countries: A Resource Constraint Perspective. Accounting Research Journal, 26.
Mai, MU (2017). Mediation of CSR and Profitability on the Influences of GCG Mechanisms to The Firm Value. Journal of Finance and Banking, 21(2), 253–264. https://doi.org/10.26905/jkdp.v21i2.393
Marpaung, A. (2020). Zakat Regulation as a Reduction of Income Tax in Indonesia. Budapest International Research and Critics Institute-Journal (BIRCI-Journal) Vol 3 (3): 2109-2116.
Mustika, D., Ratnawati, V., & Basri, YM (2019). Effect of Tax Avoidance and Earnings Management on Company Value with Moderation of Corporate Governance. Journal of Accounting, 8, 93–106.
Novarianto, A., & Dwimulyani, S. (2019). The Effect of Tax Avoidance, Leverage, Profitability on Firm Value with Transparency as a Moderating Variable. Proceedings of the 2nd Expert National Seminar, 2, 1–6.
Nugroho, WC, & Agustia, D. (2017). Corporate Governance, Tax Avoidance, and Firm Value. AFEBI Accounting Review, 2, 15–29.
Pangestika, W. (2019). 4 Ways to Assess Company Performance with Financial Ratios. Retrieved February 2, 2018, from https://www.jurnal.id/id/blog/2018-cara-menghitung-rasio-keuangan-to-meukur-kinerja-company/, 5
Partha, IGA, & Noviari, N. (2016). The Effect of Long-Term Tax Avoidance on Firm Value with Information Transparency as a Moderating Variable. Udayana University Accounting E-Journal, 14.3, 2336–2362.
Priandoyo, A. (2016). How Do Companies Avoid Taxes and How Can You Know and Measure Them? Retrieved January 26, 2018, from https://qiyaraconsulting.wordpress.com/ website: https://qiyaraconsulting.wordpress.com/2016/06/10/cara-cara-usaha-menghindari-pajak-dan-cara-mengetahui -and-measure it/
Tandelilin, Eduardus. (2017). Capital Markets, Portfolio Management & Investments. Yogyakarta: PT KANISIUS.
Rahman, NRA, Rasid, SZA, & Basiruddin, R. (2014). Exploring The Relationship between Carbon Performance, Carbon Reporting and Firm Performance: A Conceptual Paper. Procedia - Social and Behavioral Sciences, 164(August), 118–125. https://doi.org/10.1016/j.sbspro.2014.11.059
Rahmatika, E. (2017). Who Said Investing Is Hard? Join the Let's Save Shares Program. Retrieved January 25, 2018, from https://www.99.co/blog/indonesia/yuk-nabung-saham/
Ramadhona, P. (2018). Determination of Differences in Value of Public Companies in Indonesia, Thailand and Singapore with Institutional Ownership as Moderating. Pancasila University.
Riadi, M. (2017). Definition, Types and Measurement of Company Value. Retrieved January 31, 2020.
Rokhmawati, A., & Gunardi, A. (2017). Is Going Green Good for Profit? Empirical Evidence from Listed Manufacturing Firms in Indonesia. International Journal of Energy Economics and Policy, 7(4), 181–192.
Rokhmawati, A., Gunardi, A., & Rossi, M. (2017). How Powerful is Your Customers' Reaction to Carbon Performance? Linking Carbon and Firm Financial Performance. International Journal of Energy Economics and Policy, 7(6), 85–95.
Rusli, YM (2016). The Effect of Audit Quality in the Relationship Between Tax Planning and Company Value. Proceedings of the INDOCOMPAC National Seminar.
Saputri. (2011). Understanding Corporate Social Responsibility (CSR). Retrieved February 15, 2020, from https://accounting.binus.ac.id/2019/05/14/memahami-corporate-social-responsibility-csr/
Sawitri, AP, & Setiawan, N. (2017). Analysis of the Effect of Sustainability Report Disclosure, Financial Performance, and Environmental Performance on Company Value. Journal of Business and Banking, 7, 1–8. https://doi.org/10.14414/jbb.v7i2.1397
Septiani, E., Holiawati, & Ruhiyat, E. (2019). Environmental Performance , Intellectual Capital , Practice. Journal of Business and Accounting, 21(1), 61–70.
Setiawan, J. (2019). A Brief History of PROPER Ministry of Environment and Forestry RI. Retrieved February 6, 2020.
Sholihin, M., & Ratmono, D. (2013). SEM-PLS Analysis with WarpPLS 3.0 For Nonlinear Relationships in Social and Business Research (ANDI Edition). Yogyakarta.
Sohn, SY, Kim, HS, & Moon, TH (2007). Predicting the Financial Performance Index of Technology Fund for SME Using Structural Equation Model. Expert Systems with Applications, 32(3), 890–898. https://doi.org/10.1016/j.eswa.2006.01.036
Sri Tjahjono, M. (2013). The Effect of Environmental Performance on Company Value and Financial Performance. Journal of Economics at Esa Unggul University, 4(1).
happy. (nd). Definition of the Audit Committee. Retrieved February 18, 2020, from 2016 website: http://accounting-media.blogspot.com/2015/02/pengertian-komite-audit.html
Sugiyono, PD (2019). Statistics for Research. Bandung: Alphabet.
Sunariyah. (2017). Understanding, Role, Benefits, Functions, Types and Complete Capital Market Instruments. Retrieved January 31, 2020, from https://www.pelajar.co.id/2017/13/pengertian-peran- benefit-function-tipe-dan-instrumen-pasar-modal.html
Thanatawee, Y. (2014). Institutional Ownership and Firm Value in Thailand. Asian Journal of Business and Accounting, 7(2), 1–22.
Utami, NW (2020). Liquidity Ratio: Benefits and Types. Retrieved March 16, 2018, from https://www.jurnal.id/id/blog/rasio-likuiditas-hasil-dan-tipenya/
Wihardandi, A. (2012). Temporary Standings of the Largest Carbon Contributing Countries in the World. Retrieved January 1, 2020.
Yorke, SM, Amidu, M., & Agyemin-Boateng, C. (2016). The Effects of Earnings Management and Corporate Tax Avoidance on Firm Value. International Journal of Management Practice, 9(2), 112–131. https://doi.org/10.1504/IJMP.2016.076741
Zabetha, O., Tanjung, AR, & Savitri, E. (2018). Influence of Corporate Governance, Environmental Performance and Financial Performance on Company Value with Disclosure of Corporate Social Responsibility as Moderating Variable (Study on Mining Companies Listed on the Stock Exchange 2012-2014). Journal of Economics, 26(1). https://doi.org/10.1017/CBO9781107415324.004
Zuhrufiyah, D., & Anggraeni, DY (2019). Disclosure of Carbon Emissions and Corporate Value (Case Study on Companies in Southeast Asia Region). Journal of Technology Management, 18(2), 80–106. https://doi.org/10.12695/jmt.2019.18.2.1
DOI: https://doi.org/10.33258/birci.v5i3.6880
Article Metrics
Abstract view : 69 timesPDF - 18 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.