Pengaruh Green Accounting, Profitabilitas, dan Leverage terhadap Nilai Perusahaan dengan Moderasi Corporate Social Responsibility
DOI:
https://doi.org/10.58192/profit.v5i3.5128Keywords:
Company Value, Corporate Social Responsibility, Green Accounting, Leverage, ProfitabilityAbstract
This study aims to examine the effect of Green Accounting, Profitability, and Leverage on firm value, with Corporate Social Responsibility serving as a moderating variable. The study is motivated by the importance of firm value as an indicator of a company's success in attracting investors and by inconsistent findings from previous studies regarding the effects of Green Accounting, Profitability, and Leverage on firm value. This research employed a quantitative approach with a causal research design. The sample was selected using a purposive sampling technique. Data were analyzed using Moderated Regression Analysis. Firm value was measured using Price to Book Value, Green Accounting by environmental costs, Profitability by Return on Asset, Leverage by the Debt-to-Equity Ratio, and CSR by the Corporate Social Responsibility Disclosure Index (CSRDI) based on the GRI G4 standards. The results indicate that Green Accounting has a significant positive effect on firm value, whereas Profitability and Leverage have no significant effect. Furthermore, CSR moderates the relationship between Profitability and firm value but does not moderate the effects of Green Accounting and Leverage on firm value. These findings suggest that Green Accounting contributes to enhancing firm value, while CSR only strengthens the relationship between Profitability and firm value.
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