THE INFLUENCE OF GREEN ACCOUNTING AND GREEN STRATEGY ON FINANCIAL PERFORMANCE WITH SUSTAINABILITY PERFORMANCE AS A MODERATING VARIABLE

Hesti Aprilia, Anggita Langgeng Wijaya, Moh. Ubaidillah

Abstract


This study aims to analyze the influence of green accounting and green strategy on financial performance, using sustainability reports as a moderating variable. The research was conducted on energy sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. A quantitative approach was employed, utilizing secondary data obtained from annual reports, financial statements, and sustainability reports. Purposive sampling was used, resulting in a sample of 62 companies and a total of 310 observations. Data analysis was performed using Moderated Regression Analysis (MRA) and IBM SPSS Statistics 26. The results indicate that green accounting has a positive effect on financial performance. Green strategy also has a positive effect on financial performance. However, sustainability reports were not found to moderate the influence of green accounting on financial performance, nor were they found to moderate the influence of green strategy on financial performance.

Keywords: Green Accounting, Green Strategy, Financial Performance, Sustainability Report

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References


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