Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters (ICOSTELM 2022)

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Does Environmental Initiatives Can Improve Financial Performance?

Authors
Rosedian Andriani1, *, Meutia2, Tri Lestari2, Agus Solikhan Yulianto2
1University of Sultan Ageng Tirtayasa, Banten, Indonesia
2Accounting Department, Faculty of Economics and Business, University of Sultan Ageng Tirtayasa, Banten, Indonesia
*Corresponding author. Email: 7783200005@untirta.ac.id
Corresponding Author
Rosedian Andriani
Available Online 5 December 2023.
DOI
10.2991/978-2-38476-112-8_2How to use a DOI?
Keywords
Environmental Initiatives; Financial Performance; GRI 3.1
Abstract

The study aims to examine environmental initiatives on financial performance. Financial performance used in this study is accounting based. Financial performance is proxied by Return On Assets. Environmental Initiatives are measured through the disclosure of the GRI 3.1 standard, environmental disclosure as an indicator. The sample used is 30 companies listed on the Indonesia Stock Exchange for the period 2018–2021, using purposive sampling method. The sample was then analyzed using multiple regression analysis. The results of this analysis indicate that environmental initiatives have a positive significant effect on financial performance.

Copyright
© 2023 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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Volume Title
Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters (ICOSTELM 2022)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
5 December 2023
ISBN
978-2-38476-112-8
ISSN
2352-5398
DOI
10.2991/978-2-38476-112-8_2How to use a DOI?
Copyright
© 2023 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.

Cite this article

risenwbib
TY  - CONF
AU  - Rosedian Andriani
AU  - Meutia
AU  - Tri Lestari
AU  - Agus Solikhan Yulianto
PY  - 2023
DA  - 2023/12/05
TI  - Does Environmental Initiatives Can Improve Financial Performance?
BT  - Proceedings of the International Conference on Sustainability in Technological, Environmental, Law, Management, Social and Economic Matters (ICOSTELM 2022)
PB  - Atlantis Press
SP  - 3
EP  - 9
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-112-8_2
DO  - 10.2991/978-2-38476-112-8_2
ID  - Andriani2023
ER  -