This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the exploratory quantitative approach. The population is the company that won the 2023 Asia Sustainability Reporting Awards, consisting of 30 companies. By using the purposive sampling technique, 13 sample data were obtained for this research. The data analysis technique used is Multiple Linear Regression. The research results show that partial energy use has no significant effect on company value, partial water consumption has a significant effect on company value, and partial emissions have no significant effect on company value. Simultaneously, energy use, water consumption, and the resulting emissions influence company value. This study presents several findings that highlight the effect of green accounting on increasing firm value in the 2023 Asia Sustainability Reporting Awards winning companies. These results are expected to make a positive contribution to stakeholders and influence the formulation of policies related to financial information that is relevant to these stakeholders.
| Published in | Journal of Finance and Accounting (Volume 13, Issue 1) |
| DOI | 10.11648/j.jfa.20251301.14 |
| Page(s) | 44-63 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2025. Published by Science Publishing Group |
Green Accounting, Energy Use, Water Consumption, Emissions, Company Value
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APA Style
Rizky, S., Winarso, E. (2025). The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023). Journal of Finance and Accounting, 13(1), 44-63. https://doi.org/10.11648/j.jfa.20251301.14
ACS Style
Rizky, S.; Winarso, E. The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023). J. Finance Account. 2025, 13(1), 44-63. doi: 10.11648/j.jfa.20251301.14
AMA Style
Rizky S, Winarso E. The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023). J Finance Account. 2025;13(1):44-63. doi: 10.11648/j.jfa.20251301.14
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Download@article{10.11648/j.jfa.20251301.14,
author = {Septiana Rizky and Eddy Winarso},
title = {The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023)},
journal = {Journal of Finance and Accounting},
volume = {13},
number = {1},
pages = {44-63},
doi = {10.11648/j.jfa.20251301.14},
url = {https://doi.org/10.11648/j.jfa.20251301.14},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20251301.14},
abstract = {This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the exploratory quantitative approach. The population is the company that won the 2023 Asia Sustainability Reporting Awards, consisting of 30 companies. By using the purposive sampling technique, 13 sample data were obtained for this research. The data analysis technique used is Multiple Linear Regression. The research results show that partial energy use has no significant effect on company value, partial water consumption has a significant effect on company value, and partial emissions have no significant effect on company value. Simultaneously, energy use, water consumption, and the resulting emissions influence company value. This study presents several findings that highlight the effect of green accounting on increasing firm value in the 2023 Asia Sustainability Reporting Awards winning companies. These results are expected to make a positive contribution to stakeholders and influence the formulation of policies related to financial information that is relevant to these stakeholders.},
year = {2025}
}
TY - JOUR T1 - The Influence of Green Accounting on Company Value (Case Study of Companies Winning Asia Sustainability Reporting Awards 2023) AU - Septiana Rizky AU - Eddy Winarso Y1 - 2025/02/26 PY - 2025 N1 - https://doi.org/10.11648/j.jfa.20251301.14 DO - 10.11648/j.jfa.20251301.14 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 44 EP - 63 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20251301.14 AB - This research aims to analyze and test the influence of green accounting on company value. Green accounting is measured by energy use, water consumption, and emissions. Company value is calculated using Return on Assets (ROA). The research made use of secondary sources such as financial statements and sustainability reports utilizing the exploratory quantitative approach. The population is the company that won the 2023 Asia Sustainability Reporting Awards, consisting of 30 companies. By using the purposive sampling technique, 13 sample data were obtained for this research. The data analysis technique used is Multiple Linear Regression. The research results show that partial energy use has no significant effect on company value, partial water consumption has a significant effect on company value, and partial emissions have no significant effect on company value. Simultaneously, energy use, water consumption, and the resulting emissions influence company value. This study presents several findings that highlight the effect of green accounting on increasing firm value in the 2023 Asia Sustainability Reporting Awards winning companies. These results are expected to make a positive contribution to stakeholders and influence the formulation of policies related to financial information that is relevant to these stakeholders. VL - 13 IS - 1 ER -
Department of Accounting, Economics and Business Faculty, Jenderal Achmad Yani University, Cimahi-Bandung, Indonesia
Department of Accounting, Economics and Business Faculty, Jenderal Achmad Yani University, Cimahi-Bandung, Indonesia
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