Title: Environmental Efficiency: Factors that Influence and Impact on Company Value

Authors: Nindira Sekarsari

Affiliations : Masters Program in Accounting, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia

Publisher: Universitas Airlangga

Abstract

This study aims to determine the effect of environmental efficiency on company value and to determine the effect of raw material use, competition, and environmental policies on environmental efficiency. The research method uses a quantitative explanatory approach through hypothesis testing using a population of all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016 to 2018. Using a purposive sampling method with predetermined sample criteria, 231 companies were obtained that met the sample criteria. The statistical analysis used SPSS software and for environmental efficiency, Data Envelopment Analysis (DEA) was used. The results of this study indicate that in model 1, raw material use, competition, and company size have a positive effect on environmental efficiency, while environmental policies have no effect on environmental efficiency. Meanwhile, in model 2, it shows that environmental efficiency, Return on Assets, and company size have a positive effect on company value

Keywords: Eco-Efficiency, Environment Policy, Competition, Firm Value, and Use of Raw Materials

Sources: http://repository.unair.ac.id/98984/