Title: The Influence of Environmental Aspects on Company Market Valuation
Author: Aryo Bimo Setya Permana
Affiliations : Masters Program in Accounting, Faculty of Economics and Business, Universitas Airlangga , Surabaya, Indonesia
Publisher: Universitas Airlangga
Abstract
This research aims to discuss the influence of environmental aspects on company market valuation. This research used 860 samples from 172 high-profile industrial companies listed on the Indonesian Stock Exchange (IDX) in the 2014-2018 period. Testing the influence of environmental aspects on market valuation using multiple linear regression. This research finds that the environmental aspects tested have a significant influence on company market valuation. The negative influence occurs in the aspect of environmental expenditure, while the positive influence occurs in the aspect of the environmental department and disclosure of carbon emissions. This research is expected to provide an overview of capital market investors, especially in Indonesia and developing countries in general, regarding investor preferences for several environmental aspects and their implications for company market valuation.
Keywords: Environmental aspects, environmental disclosure, market valuation.
Sources: http://repository.unair.ac.id/97943/
