THE EFFECT OF GREEN ACCOUNTING AND CARBON EMISSION DISCLOSURE ON FIRM VALUE IN INFRASTRUCTURE COMPANIES ON THE INDONESIA STOCK EXCHANGE FOR THE 2021-2025 PERIOD

Siti Wahyuningsih, Anggita Langgeng Wijaya, Maya Novitasari

Abstract


This study empirically examines the effect of green accounting and carbon emission disclosure on firm value, in infrastructure sector companies listed on the Indonesia Stock Exchange during 2021–2025. This quantitative study uses secondary data processed with SPSS 26. The sample was determined through purposive sampling, yielding 284 firm-year observations, reduced to 178 observations after outlier adjustment. Green accounting is measured with a dummy variable based on ISO 14001 certification ownership, carbon emission disclosure is measured using the Carbon Disclosure Project (CDP) index, and firm value is proxied by Tobin's Q. Data were analyzed using multiple linear regression. The results show that green accounting has no significant effect on firm value, while carbon emission disclosure has a significant positive effect on firm value. The Adjusted R² of 0.391 indicates the independent variables explain 39.1% of the variation in firm value.

Keywords: Firm value, green accounting, carbon emission disclosure


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References


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