PENGARUH SUSTAINABILITY REPORT, GREEN ACCOUNTING, DAN GREEN STRATEGY TERHADAP KINERJA KEUANGAN PERUSAHAAN SEKTOR PERTAMBANGAN DAN ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA
Keywords:
Sustainability Report, Green Accounting, Green Strategy, Kinerja Keuangan, Pertambangan, PLS-SEMAbstract
Penelitian ini bertujuan untuk menganalisis pengaruh Sustainability Report (SR), Green Accounting (GA), dan Green Strategy (GS) terhadap kinerja keuangan perusahaan sektor pertambangan dan energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2022–2024. Kinerja keuangan diukur menggunakan Return on Assets (ROA), Return on Equity (ROE), dan Tobin's Q. Metode yang digunakan adalah Partial Least Squares Structural Equation Modeling (PLS-SEM) dengan bantuan SmartPLS 4. Sampel terdiri dari 15 perusahaan pertambangan dan energi dengan total 45 observasi yang dipilih melalui purposive sampling. Hasil pengujian menunjukkan bahwa secara parsial, hanya Green Strategy yang berpengaruh signifikan terhadap kinerja keuangan, dengan arah negatif (koefisien = -0,486; t = 3,407; p = 0,001), mengindikasikan bahwa investasi green strategy dalam jangka pendek menekan profitabilitas. Sustainability Report (t = 0,269; p = 0,788) dan Green Accounting (t = 1,394; p = 0,163) tidak berpengaruh signifikan secara parsial. Namun, secara simultan ketiga variabel berpengaruh signifikan terhadap kinerja keuangan (R² = 0,312; t = 2,546; p = 0,011). Temuan ini mendukung trade-off theory bahwa green strategy merupakan investasi jangka panjang yang dampak positifnya baru akan terasa setelah periode transisi bisnis selesai.
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