Influence of environmental performance and green accounting on the financial performance of manufacturing companies from the maqashid syari'ah perspective
Keywords:
Environmental performance, Financial performance, Green accountingAbstract
The aim of this research is to find out how the influence of environmental performance and green accounting affects the financial performance of manufacturing companies partially and simultaneously, studying companies listed on the Indonesia Stock Exchange for the 2018-2023 period. Purposive sampling is the method used in this investigation. Using the E-Views 10 program, panel data regression analysis is a display of the data used and secondary data sources from annual financial reports and literature related to the topic for collecting data. Research findings show that in particular, environmental performance has a negative and significant influence on audit quality, green accounting has a positive and significant influence on the financial performance of manufacturing companies. Simultaneously, environmental performance and green accounting together have a significant impact on audit quality.
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Atayah, O. F., Dhiaf, M. M., Najaf, K., & Frederico, G. F. (2022). Impact of COVID-19 on financial performance of logistics firms: evidence from G-20 countries. Journal of Global Operations and Strategic Sourcing, 15(2), 172–196.
Auda, J. (2022). Maqasid Al-Shari’ah as philosophy of Islamic law. International Institute of Islamic Thought (IIIT).
Barauskaite, G., & Streimikiene, D. (2021). Corporate social responsibility and financial performance of companies: The puzzle of concepts, definitions and assessment methods. Corporate Social Responsibility and Environmental Management, 28(1), 278–287.
Bătae, O. M., Dragomir, V. D., & Feleagă, L. (2021). The relationship between environmental, social, and financial performance in the banking sector: A European study. Journal of Cleaner Production, 290, 125791.
Desta, S. Y., Subagiyo, R., & Usdeldi, U. (2022). Pengaruh Sharia Compliance Terhadap Kinerja Keuangan Dengan Mediasi Kinerja Maqashid Syariah Pada Perbankan Syariah. An-Nisbah: Jurnal Ekonomi Syariah, 9(1), 76–108. https://doi.org/10.21274/an.v9i1.5485
Deuraseh, N. (2023). Reconstruction of the higher objective of islamic law (maqasid shariah) to strengthen halal industry with special reference to halal environment, halal green and halal medical industry in global era.
Dryzek, J. S. (2022). The politics of the earth: Environmental discourses. Oxford university press.
Endiana, I., DICRIYANI, N. L. G. M., ADIYADNYA, M. S. P., & Putra, I. (2020). The effect of green accounting on corporate sustainability and financial performance. The Journal of Asian Finance, Economics and Business, 7(12), 731–738.
Fitriani, A. (2013). Pengaruh Kinerja Lingkungan Dan Biaya Lingkungan Terhadap Kinerja Keuangan Pada BUMN. Jurnal Ilmu Manajemen |, 1(1), 137–148.
Giang, N. P., Tam, M., & Loan, M. (2022). What Needs To Be Done To Implement Sustainable Accounting In The Business? Factors Affecting The Application Of Sustainable Accounting. Multicultural Education, 8(1).
Hayaah, A. N. (2023). Bursa Efek IndonesiaPengaruh Penerapan Green Accounting, Dan Kinerja Lingkungan Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Di. Jurnal Kajian Ilmiah Akuntansi Fakultas Ekonomi UNTAN (KIAFE), 1(2), 121–140.
Jayanti, D., & Romli, R. (2023). Application of green accounting to company values through profitability. Fair Value: Jurnal Ilmiah Akuntansi Dan Keuangan, 5(11).
Kasdi, A. (2019). Actualizations of MaqÄÂÂÂÂÂÅŸid Al-Shariah in modern life; MaqÄÂÂÂÂÂÅŸid Al-Shariah theory as a method of the development of Islamic laws and Shariah economics. Justicia Islamica, 16(2), 247–268.
Kurniawan, R., & Fitranita, V. (2024). The Effect of Green Accounting Implementation, Material Flow Cost Accounting, Enviromental Perfomance, and Enviromental Disclosure on Sustainable Development Goals (SDGs). Jurnal Akuntansi, Manajemen Dan Ekonomi, 26(1), 35–47.
Lu, L., Peng, J., Wu, J., & Lu, Y. (2021). Perceived impact of the Covid-19 crisis on SMEs in different industry sectors: Evidence from Sichuan, China. International Journal of Disaster Risk Reduction, 55, 102085.
Martha, Dianty, A., & Nurrahim, G. (2022). Pengaruh Penerapan Green Accounting dan Kinerja Lingkungan terhadap Kinerja Keuangan. Economics Professional in Action (E-PROFIT), 4(2), 126–135. https://doi.org/10.37278/eprofit.v4i2.529
Mikhno, I., Koval, V., Shvets, G., Garmatiuk, O., & TamoÅ¡iÅ«nienÄâ€â€ÂÂÂ, R. (2021). Green economy in sustainable development and improvement of resource efficiency.
Mustofa, U. A., Edy, R. N. A. P., Kurniawan, M., & Kholid, M. F. N. (2020). Green Accounting Terhadap CSR pada Bus di Indonesia dengan Kinerja Keuangan Sebagai Variabel Intervening. Jurnal Ilmiah Ekonomi Islam, 6(3), 508. https://doi.org/10.29040/jiei.v6i3.1372
Nurmahadi, N., & Setyorini, C. T. (2018). Maqasid Syariah Dalam Pengukuran Kinerja Lembaga Keuangan Syariah di Indonesia. JAS (Jurnal Akuntansi Syariah), 2(1), 29–55.
Rao, P. M. (2021). Financial statement analysis and reporting. PHI Learning Pvt. Ltd.
Rita Septiani, K. P., & Made Arie Wahyuni. (2023). Pengaruh Corporate Social Responsibility, Ukuran Perusahaan, Dan Solvabilitas Terhadap Kinerja Keuangan Pada Perusahaan Manufaktur Sektor Barang Konsumsi Yang Terdaftar Di BEI Periode 2018-2021. Vokasi : Jurnal Riset Akuntansi, 12(2), 65–73. https://doi.org/10.23887/vjra.v12i2.61598
Rudi Setiyobono, Nurmala Ahmar, & Darmansyah. (2019). Pengukuran Kinerja Perbankan Syariah Berbasis Maqashid Syariah Index Bank Syariah di Indonesia : Abdul Majid Najjar Versus Abu Zahrah. Jurnal Riset Akuntansi & Perpajakan (JRAP), 6(02), 111–126. https://doi.org/10.35838/jrap.v6i02.1249
Sari, Y. M., Dania, A. R., & Ekawati, E. (2023). Implementation of Green Accounting and Environmental Performance on the Company’s Financial Performance (Study on Companies Winning the 2021 Green …. … International Journal, 9(9), 28–32.
Sherine, C., Wiyanto, H., & Budiono, H. (2022). The Effect of Investment Decision, Funding Decision, and Profitability on the Firm Value of Consumer Goods Industry Registered in Indonesia Stock Exchange During 2017-2020. Tenth International Conference on Entrepreneurship and Business Management 2021 (ICEBM 2021), 552–559.
Simon, A. Y. P., Wibowo, A. S., & Rosel, R. (2023). Pengaruh Penerapan Green Accounting Terhadap Kinerja Keuangan dengan Good Corporate Governance Sebagai Pemoderasi (Studi Empiris Pada Perusahaan Sektor Manufaktur yang Terdaftar di Bursa Efek Indonesia Periode 2016-2020. Jurnal Manajemen Sains Dan Organisasi, 3(3), 221–231. https://doi.org/10.52300/jmso.v3i3.7543
Suwadji, S. A., Suryaningsum, S., & Pamungkas, N. (2021). Analysis of the Financial Performance of the Largest Consumer Goods Company in Indonesia Before and During the Covid-19 Pandemic (Case Study at PT. Unilever Indonesia Tbk). Journal of International Conference Proceedings, 4(3), 539–550.
Utami Budi W, & Pardanawati Laksmi S. (2016). Pengaruhlikuiditas,Solvabilitas,Danmanajemenasetterhadapkinerjakeuanganpadaperusahaangopublikyangterdaftardalamkompas100Diindonesia. Jurnal Akuntansi Dan Pajak, 17(1), 1–63.
Zs, N. Y., Ranidiah, F., Nurlaili, O., & Astuti, B. (2023). Pengaruh Penerapan Green Acounting, Corporate Social Responbility, Kinerja Lingkungan Terhadap Kinerja Keuangan Perusahaan (Studi Empiris pada Perusahaan Sektor Pertambangan yang Terdaftar di Bursa Efek Indonesia Tahun 2019-2021). Prosiding Seminar Nasional Ekonomi Bisnis & Akuntansi, 3(2020), 1238–1248.
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Published
2024-07-31
How to Cite
Ningrum, A. P. ., Sari, Y. M. ., & Ermawati, L. . (2024). Influence of environmental performance and green accounting on the financial performance of manufacturing companies from the maqashid syari’ah perspective. Journal of Management Science (JMAS), 7(3), 493–500. Retrieved from https://exsys.iocspublisher.org/index.php/JMAS/article/view/530
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