Pengaruh Green Intellectual Capital, Dan Leverage Terhadap Kinerja Keuangan Dengan Transparansi Sebagai Variabel Pemoderasi (Studi Kasus: Sektor Pertambangan Di Negara ASEAN (Indonesia, Malaysia, Dan Thailand) Periode 2015-2019)
DOI:
https://doi.org/10.56910/gemilang.v3i3.870Keywords:
Green Intellectual Capital, Leverage, Transparency, Financial PerformanceAbstract
The research objectives include (1) This study aims to analyze the influence of the Green Intellectual Capital Mechanism on Financial Performance (2) This study aims to analyze the effect of Leverage on Financial Performance (3) This study aims to analyze the influence of Green Intellectual Capital on Financial Performance moderated by Transparency (4) This study aims to analyze the influence of Leverage on Financial Performance moderated by Transparency. The research was conducted on 31 manufacturing companies listed on the Stock Exchange (Indonesia, Malaysia and Thailand) for the 2015-2019 period. Selection of the sample used using purposive sampling method. The aim of this research is to determine the Effect of Green Intellectual Capital and Leverage on Financial Performance with Transparency as a Moderating Variable.
The results of Indonesia's Green Intellectual Capital research have no effect on Financial Performance while Malaysia and Thailand Green Intellectual Capital have a positive effect on Financial Performance. The results of the Leverage Variable research in Indonesia yield different results. The Indonesian test results yielded Leverage that had no effect on Financial Performance, while Malaysia and Thailand produced Leverage that had a significant effect on Financial Performance. Transparency moderates Green Intellectual Capital and Leverage in Malaysia and Thailand, while Indonesia produces Transparency that does not moderate the relationship between Green Intellectual Capital and Leverage on Financial Performance. Transparency moderates Leverage in Malaysia and Thailand while Indonesia and produces Transparency does not moderate the Leverage relationship to Financial Performance.
References
Ali, M. (2020). Impact of Leverage on financial performance(evidence from pakistan food and fertilizer sector. Journal of Critical Reviews, 7(13), 447–456.
Arikunto. (2013). Prosedur Penelitian Suatu Pendekatan Praktik.
Azis, A., & Hartono, U. (2017). Pengaruh Good Corporate Governance, Struktur Modal, Dan Leverage Terhadap Kinerja Keuangan Perusahaan Pada Sektor Pertambangan Yang Terdaftar Di Bursa Efek Indonesia Tahun 2011-2015. Jurnal Lmu Manajemen, 5(3), 1–13.
Cahyono, B., & Hakim, A. (2020). Green Intellectual Capital and Competitive Advantage: The Moderating Effect of Islamic Business Ethics. 135(Aicmbs 2019), 78–84. https://doi.org/10.2991/aebmr.k.200410.013
Chandra, M., & Augustine, Y. (2019). Pengaruh Green Intellectual Capital Index Dan Pengungkapan Keberlanjutan Terhadap Kinerja Keuangan Dan Non Keuangan Perusahaan Dengan Transparansi Sebagai Variabel Moderasi. Jurnal Magister Akuntansi Trisakti, 6(1), 45. https://doi.org/10.25105/jmat.v6i1.5066
Chang, C. H., & Chen, Y. S. (2012). The determinants of green intellectual capital. Management Decision, 50(1), 74–94.
Chen, Y. S. (2008). The positive effect of Green Intellectual Capital on competitive advantages of firms. Journal of Business Ethics, 77(3), 271–286. https://doi.org/10.1007/s10551-006-9349-1
Erinos., N., & Rahmawati. (2017). Green Intellectual Capital and Financial Performance of Corporate Manufacture In Indonesia. International Journal of Business and Management Intervention, 6(2), 75–81.
Fadjrih Asyik, N. (2016). PERSPEKTIF AGENCY THEORY: PENGARUH INFORMASI ASIMETRI TERHADAP MANAJEMEN LABA (Menggunakan
Pendekatan Agency Framework). EKUITAS (Jurnal Ekonomi Dan Keuangan), 4(1), 29. https://doi.org/10.24034/j25485024.y2000.v4.i1.1898
Fahri Ali Ahzar. (2018). PENGUNGKAPAN CLIMATE CHANGE PADA PERUSAHAAN MANUFAKTUR DI NEGARA ASEAN (Studi Empiris pada
Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Negara ASEAN 2013-2014). 2(2), 336–355.
Fatihudin, D., Jusni, & Mochklas, M. (2018). How measuring financial performance. International Journal of Civil Engineering and Technology, 9(6), 553–557.
Hanifah, U. (2018). DISKURSUS URGENSI CARBON EMISSION DISCLOSURE PADA PERUSAHAAN
He, Y., Tang, Q., & Wang, K. (2016). Carbon performance versus financial performance. China Journal of Accounting Studies, 4(4), 357–378. https://doi.org/10.1080/21697213.2016.1251768
Ilmiani, A., & Sutrisno, C. R. (2014). Pengaruh Tax Avoidance terhadap Kinerja keuangan dengan Transparansi Perusahaan sebagai Variabel Moderating Amalia Ilmiani Fakultas Ekonomi Universitas Pekalongan Catur Ragil Sutrisno Fakultas Ekonomi Universitas Pekalongan. Jurnal Ekonomi Dan Bisnis, 14(1), 30–39.
Juliartha Nugraha, M. C., & Ery Setiawan, P. (2019). Pengaruh Penghindaran Pajak (Tax Avoidance) Pada Kinerja keuangan Dengan Transparansi Sebagai Variabel Pemoderasi. E-Jurnal Akuntansi, 26, 398. https://doi.org/10.24843/eja.2019.v26.i01.p15
Kelvin, C., Daromes, F. E., & Ng, S. (2017). Pengungkapan Emisi Karbon Sebagai Mekanisme Peningkatan Kinerja Untuk Menciptakan Kinerja keuangan. Dinamika Akuntansi, Keuangan Dan Perbankan, 6(1), 1–18.
Lin Oktris. (2018). Dampak Modal Intelektual Hijau terhadap Pengungkapan Sukarela Emisi Karbon Lin Oktris Universitas Trisakti Lin Oktris Sekarang , isu perubahan iklim telah menjadi isu lingkungan global ( Haque & Islam , 2012 ). Hal ini disebabkan oleh perubahan iklim dan . 2(June), 29–42.
Luo, L., Tang, Q., & Lan, Y.-C. (2013). Comparison of propensity for carbon disclosure between developing and developed countries. Accounting Research Journal, 26(1), 6–34. https://doi.org/http://dx.doi.org/10.1108/MRR-09-2015-0216
Mandey, S. R., Pangemanan, S. S., & Pangerapan, S. (2017). ISSN 2303-1174 S.R.Mandey., S.S.Pangemanan., S.Pangerapan., Analisis Pengaruh Insider Owner……… ANALISIS PENGARUH. 5(2), 1463–1473.
Manisa, D. E., Defung, F., & Global, I. P. (2017). The Influence of Disclosure of Sustainability Report on Financial Performance of Infrastructure Companies Listed on Indonesia Stock Exchange. Jurnal Ekonomi Manajemen Dan Akuntansi, 19(2), 174–187.
Pranasyahputra, R. H., Elen, T., & Dewi, K. S. (2020). PENGARUH LEVERAGE , KOMPETISI , DAN PERTUMBUHAN. 0832, 75–88.
Pratiwi, D. N. (2016). IMPLEMENTASI CARBON EMISSION DISCLOSURE THE IMPLEMENTATION OF CARBON EMISSION DISCLOSURE IN INDONESIA. (2007), 101–112.
