FROM TAX EFFICIENCY TO ENVIRONMENTAL TRANSPARENCY: DRIVERS OF FIRM VALUE IN INDONESIAN ENERGY COMPANIES

Melinda Wijaya; Sunaryo; Cahayani Kusuma Wardani; Mutmainah

doi:10.19166/derema.v21i2.11490

Συγγραφείς

Melinda Wijaya Universitas Lambung Mangkurat
Sunaryo
Cahayani Kusuma Wardani
Mutmainah

DOI:

https://doi.org/10.19166/derema.v21i2.11490

Λέξεις-κλειδιά:

Tax planning, Green accounting, Carbon Emission Disclosure, Firm Value, Energy Sector

Περίληψη

This study aims to examine the effect of tax planning, green accounting, and carbon emission disclosure on firm value in energy sector companies listed on the Indonesia Stock Exchange during the period 2022–2024. This study employs a quantitative approach using secondary data obtained from annual reports and sustainability reports. The sample was selected using purposive sampling, resulting in 66 observations. Data analysis was conducted using multiple linear regression analysis. The results show that tax planning does not have a significant effect on firm value, indicating that tax management strategies are not the main consideration for investors in assessing company performance. In contrast, green accounting and carbon emission disclosure have a positive and significant effect on firm value. These findings suggest that environmental responsibility and transparency in environmental information disclosure play an important role in increasing firm value, particularly in the energy sector, which has high environmental impact. This study implies that companies need to enhance the implementation of green accounting and carbon emission disclosure as part of sustainability strategies to improve investor trust and firm value.

Abstrak dalam Bahasa Indonesia :

Penelitian ini bertujuan untuk menganalisis pengaruh tax planning, green accounting, dan pengungkapan emisi karbon terhadap nilai perusahaan pada perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia selama periode 2022–2024. Penelitian ini menggunakan pendekatan kuantitatif dengan memanfaatkan data sekunder yang diperoleh dari laporan tahunan dan laporan keberlanjutan perusahaan. Sampel penelitian dipilih menggunakan teknik purposive sampling, sehingga diperoleh 66 observasi. Analisis data dilakukan dengan menggunakan regresi linier berganda. Hasil penelitian menunjukkan bahwa tax planning tidak berpengaruh signifikan terhadap nilai perusahaan, yang mengindikasikan bahwa strategi pengelolaan pajak belum menjadi pertimbangan utama investor dalam menilai kinerja perusahaan. Sebaliknya, green accounting dan pengungkapan emisi karbon berpengaruh positif dan signifikan terhadap nilai perusahaan. Temuan ini menunjukkan bahwa tanggung jawab lingkungan dan transparansi dalam pengungkapan informasi lingkungan memiliki peran penting dalam meningkatkan nilai perusahaan, khususnya pada sektor energi yang memiliki dampak lingkungan yang tinggi. Penelitian ini mengimplikasikan bahwa perusahaan perlu meningkatkan penerapan green accounting dan pengungkapan emisi karbon sebagai bagian dari strategi keberlanjutan untuk memperkuat kepercayaan investor dan meningkatkan nilai perusahaan.

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