Green Innovation, Environmental Management Accounting, and Environmental Disclosure on Financial Performance
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Abstract
This study aims to analyze green innovation, environmental management accounting (EMA), and environmental disclosure effect on the financial performance of IDX manufacturing companies and examines the role of media exposure as a moderating variable. The research sample was IDX manufacturing companies for the period 2022-2024 and data analyzed using multiple linear and moderated regression analyses, using SPSS V25. The results show that green innovation positively affects financial performance as proxied by ROA but does not affect Tobin's q, while environmental management accounting and environmental disclosure do not significantly influence either financial performance proxies. There is no moderating effect of media exposure on the relationship between the independent variables and financial performance proxies. These findings conclude green innovation contributes in improving financial performance, but the application of environmental accounting, environmental disclosure, and media exposure has not been able to significantly strengthen financial performance. This study contributes to examining and supporting corporate green activities to enhance financial performance.
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This work is licensed under a Creative Commons Attribution 4.0 International License.
This work is licensed under a Creative Commons Attribution 4.0 International License.
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