THE INFLUENCE OF GREEN ACCOUNTING ON COMPANY VALUE WITH PROFITABILITY AS A MEDIATING VARIABLE
Abstract
This study aims to determine and analyze the effect of green accounting on firm value, to determine and analyze the effect of green accounting on profitability, to determine and analyze the effect of profitability on firm value, to determine and analyze the effect of green accounting on firm value with profitability as a mediating variable. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2024 period with a population of 233 companies. The sampling technique used was purposive sampling with a total sample of 51 companies used in this study with a total of 204 observations. A panel data regression model was used in this study as a data analysis method. The results showed that green accounting had a positive effect on firm value, green accounting had no positive effect on profitability, profitability had no positive effect on firm value, and profitability was unable to mediate the effect of green accounting on firm value.
References
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Dewi, P. P., & Edward Narayana, I. P. (2020). Implementasi Green Accounting, Profitabilitas dan Corporate Social Responsibility pada Nilai Perusahaan. E-Jurnal Akuntansi, 30(12), 3252–3262. https://doi.org/10.24843/eja.2020.v30.i12.p20
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Ekawati, A. S. (2023). Pengaruh Penerapan Green Accounting Melalui Profitabilitas Sebagai Variabel Mediasi Terhadap Nilai Perusahaan. Media Akuntansi Dan Perpajakan Indonesia, 5(1), 57–82. https://doi.org/10.37715/mapi.v5i1.4164
Elvaretta, D., Maulina, V., Febriani, T. A., & Rissi, D. M. (2024). Pengaruh Penerapan Green Accounting Terhadap Tingkat Profitabilitas Perusahaan (Studi Pada Sektor Pertambangan). Jurnal Akuntansi Keuangan Dan Bisnis Politeknik Caltex Riau, 17(2), 191–198.
Fernando, K., Jocelyn, H., Frista, F., & Kurniawan, B. (2024). The Effect of Green Accounting Disclosure on the Firm Value of Listed Mining and Agriculture Companies in Southeast Asia Countries. International Journal of Energy Economics and Policy, 14(1), 377–382. https://doi.org/10.32479/ijeep.15151
Freeman, R. E. (2010). A Stakeholder Approach to Strategic Management Darden Graduate School of Business Administration University of Virginia Working Paper No . 01-02 A Stakeholder Approach to Strategic Management. March. https://doi.org/10.2139/ssrn.263511
Ghozali, I., & Ratmono, D. (2018). Analisis Multivariat dan Ekonometrika (Edisi 2). Badan Penerbit Universitas Diponegoro.
Hutabarat, F. (2024). Effect of Green Accounting, Leverage, Firm Size on Firm Value with Profitability as Intervening Variable. International Journal of Professional Business Review, 9(4), 1–25.
Imnana, L., Siaila, S., & Wenno, M. (2023). Pengaruh Profitabilitas Dan Leverage Terhadap Nilai Perusahaan. MANIS:Jurnal Manajemen & Bisnis, 7(1), 59–71. https://doi.org/10.32662/gaj.v5i2.2165
Julian, A., & Setiawati, E. (2024). The Effect of Corporate Social Responsibility (CSR) and Company Size on Firm Value With Profitability As A Moderating Variable (Empirical Study On Manufacturing Companies In The Consumer Goods Industry Sector Listed On The IDX For The 2019-2021 Period). Management Studies and Enterpreneurship Journal, 5(1), 871–883.
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Lestari, A. D., & Khomsiyah, K. (2023). Pengaruh Kinerja Lingkungan, Penerapan Green Accounting, dan Pengungkapan Sustainability Report Terhadap Nilai Perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (JEBMA), 3(3), 514–526. https://doi.org/10.47709/jebma.v3i3.2799
Moczadlo, R. (2015). CREATING COMPETITIVE ADVANTAGES – THE EUROPEAN CSR-STRATEGY COMPARED WITH PORTER ’ S AND KRAMER ’ S SHARED. Ekonomski Vjesnik, 1, 243–256.
Mubarokah, R. Z., Tripalupi, R. I., & Muslih, R. A. (2024). Pengaruh Green Accounting terhadap ROA pada Perusahaan Farmasi yang Terdaftar di ISSI Tahun 2018-2023. IJEN:Indonesian Journal of Economy and Education Economy, 02(02), 330–342.
Muflihah, W., & Pamungkas, L. D. (2024). PENGARUH IMPLEMENTASI GREEN ACCOUNTING DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN ( STUDI EMPIRIS PADA PERUSAHAAN SEKTOR BASIC MATERIAL YANG TERDAFTAR DI BEI PERIODE 2021-2023). Jurnal Akuntansi, Keuangan, Perpajakan, Dan Tata Kelola Perusahaan (JAKPT), 2(1), 239–249.
Ngurah, I. G., & Dharmaputra, A. (2022). Pengaruh Profitabilitas , Leverage , Ukuran Perusahaan , Likuiditas , Dan. Jurnal Karma (Karya Riset Mahasiswa Akuntansi), 2(1), 2141–2149.
Nugraha, E., Vanduwinata, Y., Gustirani, I., & Avrianty, R. R. (2024). The Effect Of Green Accounting On Profitability In Mining and Agriculture Sector Companies Listed On The Indonesian Stock Exchange In 2019-2021. International Conference of Economics, Management, Accounting and Technopreneur (ICEMAT), 1–12.
Nugroho, W. C. (2023). Efek Mediasi Profitabilitas Pada Pengaruh Green Accounting Terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 33(3), 648. https://doi.org/10.24843/eja.2023.v33.i03.p05
Pramudianti, P. (2023). Pengaruh Pengungkapan Akuntansi Hijau ( Green Accounting ) Terhadap Profitabilitas Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019 – 2021 ( Studi Konseptual ). 4(2), 243–253.
Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and Resampling Strategies for Assessing and Comparing Indirect Effects in Multiple Mediator Models. Behavior Research Methods, 40(3), 879–891. https://doi.org/10.3758/BRM.40.3.879
Purwanti, N., Dunakhir, S., Anwar, A., Makassar, U. N., Pettarani, J. A. P., & Selatan, S. (2024). PENGARUH PENERAPAN GREEN ACCOUNTING TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022. Journal of Economics and Business, 4(3), 1221–1234.
Rahman, Z. A., Lilik, H., & Kartikasari, N. (2023). Pengaruh Penerapan Green Accounting Terhadap Profitabilitas. Jurnal MONEX - Jurnal of Accounting Research, 12(2), 251–263. https://repository.uinjkt.ac.id/dspace/handle/123456789/56729%0Awww.idx.co.id
Rahmawati, D. D., Setiono, H., Ilmiddaviq, M. B., & Ekonomi. (2024). Pengaruh Green Accounting, Corporate Social Responsibility, dan Kinerja Keuangan terhadap Nilai Perusahaan. Jurnal Inovasi Ekonomi Syariah Dan Akuntansi, 1(5), 45–59.
Ramadhan, C. B., Rachmadanti, K. S., Larasati, R. A., & Pandin, M. Y. R. (2023). Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan ( Studi kasus pada Perusahaan Indofood ). Jurnal Penelitian Ekonomi Manajemen Dan Bisnis (JEKOMBIS), 2(3), 229–246.
Rosaline, V. D., Wuryani, E., Ekonomi, F., Surabaya, U. N., & Surabaya, K. (2020). Pengaruh Penerapan Green Accounting dan Environmental Performance Terhadap Economic Performance. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 569–578.
Rudeng, R. (2024). PENGARUH DARI IMPLEMENTASI GREEN ACCOUNTING MINUMAN YNG TERDAFTAR DI BURSA EFEK INDONESIA. Jurnal Studi Multidisipliner, 8(6), 1210–1215.
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 Manajemen, 7(1), 410–424.
Subroto, V. K., & Endaryati, E. (2024). Kumpulan Teori Akuntansi. Yayasan Prima Agus Teknik Universitas STEKOM.
Sugiyono, P. D. (2020). Metode Penelitian Kuantitatif Kualitatif dan R&D. Penerbit Alfabeta.
Unilever. (2024). Unilever Indonesia Raih Sertifikasi GREENSHIP Net Zero Ready dan Existing Building Platinum. Unilever.co.id. https://www.unilever.co.id/news/press-releases/2024/unilever-indonesia-raih-sertifikasi-greenship-net-zero-ready-dan-existing-building-platinum/
Adhyasta, D., & Sudarsi, S. (2023). Pengaruh Profitabilitas , Likuiditas , Solvabilitas , Ukuran Manufaktur yang Terdaftar di BEI. Ekonomis:Journal of Economics and Business, 7(1), 520–525. https://doi.org/10.33087/ekonomis.v7i1.866
Afifah, N., Astuti, S. W. W., & Irawan, D. (2021). Pengaruh Corporate Social Responsibility (Csr) Dan Reputasi Perusahaan Terhadap Nilai Perusahaan. EKUITAS (Jurnal Ekonomi Dan Keuangan), 5(3), 346–364. https://doi.org/10.24034/j25485024.y2021.v5.i3.4644
Basuki, D. A. T. (2021). ANALISIS DATA PANEL DALAM PENELITIAN EKONOMI DAN BISNIS (Edisi 1).
Devi, S. C. (2023). PENGARUH PROFITABILITAS , LEVERAGE , DAN ARUS KAS TERHADAP NILAI PERUSAHAAN. Jurnal Ilmu Dan Riset Akuntansi, 12(7), 1–19.
Dewi, P. P., & Edward Narayana, I. P. (2020). Implementasi Green Accounting, Profitabilitas dan Corporate Social Responsibility pada Nilai Perusahaan. E-Jurnal Akuntansi, 30(12), 3252–3262. https://doi.org/10.24843/eja.2020.v30.i12.p20
Dianty, A. (2022). THE EFFECT OF APPLYING GREEN ACCOUNTING ON FIRM VALUE AND FINANCIAL PERFORMANCE AS AN. Jurnal Ekbis, 23(2), 369–382.
Ekawati, A. S. (2023). Pengaruh Penerapan Green Accounting Melalui Profitabilitas Sebagai Variabel Mediasi Terhadap Nilai Perusahaan. Media Akuntansi Dan Perpajakan Indonesia, 5(1), 57–82. https://doi.org/10.37715/mapi.v5i1.4164
Elvaretta, D., Maulina, V., Febriani, T. A., & Rissi, D. M. (2024). Pengaruh Penerapan Green Accounting Terhadap Tingkat Profitabilitas Perusahaan (Studi Pada Sektor Pertambangan). Jurnal Akuntansi Keuangan Dan Bisnis Politeknik Caltex Riau, 17(2), 191–198.
Fernando, K., Jocelyn, H., Frista, F., & Kurniawan, B. (2024). The Effect of Green Accounting Disclosure on the Firm Value of Listed Mining and Agriculture Companies in Southeast Asia Countries. International Journal of Energy Economics and Policy, 14(1), 377–382. https://doi.org/10.32479/ijeep.15151
Freeman, R. E. (2010). A Stakeholder Approach to Strategic Management Darden Graduate School of Business Administration University of Virginia Working Paper No . 01-02 A Stakeholder Approach to Strategic Management. March. https://doi.org/10.2139/ssrn.263511
Ghozali, I., & Ratmono, D. (2018). Analisis Multivariat dan Ekonometrika (Edisi 2). Badan Penerbit Universitas Diponegoro.
Hutabarat, F. (2024). Effect of Green Accounting, Leverage, Firm Size on Firm Value with Profitability as Intervening Variable. International Journal of Professional Business Review, 9(4), 1–25.
Imnana, L., Siaila, S., & Wenno, M. (2023). Pengaruh Profitabilitas Dan Leverage Terhadap Nilai Perusahaan. MANIS:Jurnal Manajemen & Bisnis, 7(1), 59–71. https://doi.org/10.32662/gaj.v5i2.2165
Julian, A., & Setiawati, E. (2024). The Effect of Corporate Social Responsibility (CSR) and Company Size on Firm Value With Profitability As A Moderating Variable (Empirical Study On Manufacturing Companies In The Consumer Goods Industry Sector Listed On The IDX For The 2019-2021 Period). Management Studies and Enterpreneurship Journal, 5(1), 871–883.
Kementerian Perindustrian. (2024). Sinergi Kemenperin dan Industri untuk Masa Depan Ekonomi Hijau. Kemenperin.Go.Id. https://bbspjppi.kemenperin.go.id/informasi?kategori=7&id=279
Kholmi, M., & Nafiza, S. A. (2022). Pengaruh Penerapan Green Accounting dan Corporate Social Responsibility Terhadap Profitabilitas ( Studi Pada Perusahaan Manufaktur Yang Terdaftar di BEI Tahun. Reviu Akuntansi Dan Bisnis Indonesia, 6(1), 143–154. https://doi.org/10.18196/rabin.v6i1.12998
Lestari, A. D., & Khomsiyah, K. (2023). Pengaruh Kinerja Lingkungan, Penerapan Green Accounting, dan Pengungkapan Sustainability Report Terhadap Nilai Perusahaan. Jurnal Ekonomi Bisnis, Manajemen Dan Akuntansi (JEBMA), 3(3), 514–526. https://doi.org/10.47709/jebma.v3i3.2799
Moczadlo, R. (2015). CREATING COMPETITIVE ADVANTAGES – THE EUROPEAN CSR-STRATEGY COMPARED WITH PORTER ’ S AND KRAMER ’ S SHARED. Ekonomski Vjesnik, 1, 243–256.
Mubarokah, R. Z., Tripalupi, R. I., & Muslih, R. A. (2024). Pengaruh Green Accounting terhadap ROA pada Perusahaan Farmasi yang Terdaftar di ISSI Tahun 2018-2023. IJEN:Indonesian Journal of Economy and Education Economy, 02(02), 330–342.
Muflihah, W., & Pamungkas, L. D. (2024). PENGARUH IMPLEMENTASI GREEN ACCOUNTING DAN PROFITABILITAS TERHADAP NILAI PERUSAHAAN ( STUDI EMPIRIS PADA PERUSAHAAN SEKTOR BASIC MATERIAL YANG TERDAFTAR DI BEI PERIODE 2021-2023). Jurnal Akuntansi, Keuangan, Perpajakan, Dan Tata Kelola Perusahaan (JAKPT), 2(1), 239–249.
Ngurah, I. G., & Dharmaputra, A. (2022). Pengaruh Profitabilitas , Leverage , Ukuran Perusahaan , Likuiditas , Dan. Jurnal Karma (Karya Riset Mahasiswa Akuntansi), 2(1), 2141–2149.
Nugraha, E., Vanduwinata, Y., Gustirani, I., & Avrianty, R. R. (2024). The Effect Of Green Accounting On Profitability In Mining and Agriculture Sector Companies Listed On The Indonesian Stock Exchange In 2019-2021. International Conference of Economics, Management, Accounting and Technopreneur (ICEMAT), 1–12.
Nugroho, W. C. (2023). Efek Mediasi Profitabilitas Pada Pengaruh Green Accounting Terhadap Nilai Perusahaan. E-Jurnal Akuntansi, 33(3), 648. https://doi.org/10.24843/eja.2023.v33.i03.p05
Pramudianti, P. (2023). Pengaruh Pengungkapan Akuntansi Hijau ( Green Accounting ) Terhadap Profitabilitas Pada Perusahaan Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2019 – 2021 ( Studi Konseptual ). 4(2), 243–253.
Preacher, K. J., & Hayes, A. F. (2008). Asymptotic and Resampling Strategies for Assessing and Comparing Indirect Effects in Multiple Mediator Models. Behavior Research Methods, 40(3), 879–891. https://doi.org/10.3758/BRM.40.3.879
Purwanti, N., Dunakhir, S., Anwar, A., Makassar, U. N., Pettarani, J. A. P., & Selatan, S. (2024). PENGARUH PENERAPAN GREEN ACCOUNTING TERHADAP PROFITABILITAS PADA PERUSAHAAN SEKTOR INDUSTRI DASAR DAN KIMIA YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2020-2022. Journal of Economics and Business, 4(3), 1221–1234.
Rahman, Z. A., Lilik, H., & Kartikasari, N. (2023). Pengaruh Penerapan Green Accounting Terhadap Profitabilitas. Jurnal MONEX - Jurnal of Accounting Research, 12(2), 251–263. https://repository.uinjkt.ac.id/dspace/handle/123456789/56729%0Awww.idx.co.id
Rahmawati, D. D., Setiono, H., Ilmiddaviq, M. B., & Ekonomi. (2024). Pengaruh Green Accounting, Corporate Social Responsibility, dan Kinerja Keuangan terhadap Nilai Perusahaan. Jurnal Inovasi Ekonomi Syariah Dan Akuntansi, 1(5), 45–59.
Ramadhan, C. B., Rachmadanti, K. S., Larasati, R. A., & Pandin, M. Y. R. (2023). Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan ( Studi kasus pada Perusahaan Indofood ). Jurnal Penelitian Ekonomi Manajemen Dan Bisnis (JEKOMBIS), 2(3), 229–246.
Rosaline, V. D., Wuryani, E., Ekonomi, F., Surabaya, U. N., & Surabaya, K. (2020). Pengaruh Penerapan Green Accounting dan Environmental Performance Terhadap Economic Performance. Jurnal Riset Akuntansi Dan Keuangan, 8(3), 569–578.
Rudeng, R. (2024). PENGARUH DARI IMPLEMENTASI GREEN ACCOUNTING MINUMAN YNG TERDAFTAR DI BURSA EFEK INDONESIA. Jurnal Studi Multidisipliner, 8(6), 1210–1215.
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 Manajemen, 7(1), 410–424.
Subroto, V. K., & Endaryati, E. (2024). Kumpulan Teori Akuntansi. Yayasan Prima Agus Teknik Universitas STEKOM.
Sugiyono, P. D. (2020). Metode Penelitian Kuantitatif Kualitatif dan R&D. Penerbit Alfabeta.
Unilever. (2024). Unilever Indonesia Raih Sertifikasi GREENSHIP Net Zero Ready dan Existing Building Platinum. Unilever.co.id. https://www.unilever.co.id/news/press-releases/2024/unilever-indonesia-raih-sertifikasi-greenship-net-zero-ready-dan-existing-building-platinum/
Published
2025-10-16
How to Cite
YUNITASARI, Dwi Safira; KODIR, Mokhamad.
THE INFLUENCE OF GREEN ACCOUNTING ON COMPANY VALUE WITH PROFITABILITY AS A MEDIATING VARIABLE.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 11, n. 1, p. 865-880, oct. 2025.
ISSN 2541-3333.
Available at: <https://conferences.uin-malang.ac.id/index.php/iconies/article/view/3403>. Date accessed: 12 may 2026.
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Articles
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