Environmental and Financial Performance of Publicly Traded Indonesian Companies

DOI

10.2991/978-2-38476-118-0_182How to use a DOI?

Keywords

Environmental Performance; Financial Performance; Publicly Listed Companies

Abstract

The company not only focuses on achieving maximum profit but also pays attention to its contribution to society and the environment. The issue of environmental preservation has long been a concern of the government, the community and environmental observers, therefore indirectly in its business activities the company will also pay attention to whether it has a responsibility towards environmental sustainability or not. The company’s attention to the environment will provide long-term benefits for the company, because if the company is responsible for the community and the environment, then society will give an assessment that the company has carried out its business activities properly. This study aims to analyze the environmental and financial performance of public companies listed in Indonesia during 2018-2022. The research model is quantitative descriptive. Selection of research samples with the purposive sampling method. The research sample is a public company registered in Indonesia that has obtained a PROPER rating for 2018-2022. Companies must not only achieve maximum profit but also pay attention to the impact of their business on society and the environment. The results of the study demonstrate that the financial success of publicly traded firms in Indonesia is unaffected by their environmental performance. Investors ought to be more concerned with the company’s sustainability. A company’s ability to manage and protect its surrounding society and environment is a key component of sustainability, which extends beyond financial considerations. Corporate environmental responsibility is crucial and will affect how long a firm may remain in operation. It is necessary for the company’s financial success to match its environmental performance.

Copyright

© 2024 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Ratna Wulaningrum
AU  - Venti Eka Satya
AU  - Amiril Azizah
AU  - Dwi Yana Amalia Sari Fala
PY  - 2023
DA  - 2023/10/10
TI  - Environmental and Financial Performance of Publicly Traded Indonesian Companies
BT  - Proceedings of the 4th Borobudur International Symposium on Humanities and Social Science 2022 (BIS-HSS 2022)
PB  - Atlantis Press
SP  - 1601
EP  - 1607
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-118-0_182
DO  - 10.2991/978-2-38476-118-0_182
ID  - Wulaningrum2023
ER  -