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Environmental Performance Announcement and Shareholder Value: The Role of Environmental Disclosure

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Book cover Complex, Intelligent and Software Intensive Systems (CISIS 2021)

Part of the book series: Lecture Notes in Networks and Systems ((LNNS,volume 278))

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Abstract

This study aims to analyze the effect of environmental performance announcements on shareholder value and how environmental disclosures mediate this relationship. The companies studied included 81 companies listed on the Indonesia Stock Exchange (IDX) in 2017–2019. Researchers determine the sample using purposive sampling, with the criteria 1) manufacturing companies that issue financial reports. 2) manufacturing companies that follow PROPER. 3) manufacturing companies that publish environmental disclosures in Sustainability Reporting. The results showed that the first hypothesis, namely the announcement of environmental performance has a positive effect on environmental disclosure, is accepted. Furthermore, the second hypothesis is that environmental performance announcements have no effect on shareholder value, and the third hypothesis is that environmental disclosure has a positive effect on shareholder value.

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Authors and Affiliations

  1. Department of Accounting, Faculty of Economics, Universitas Islam Sultan Agung, Semarang, Indonesia

    Luluk Muhimatul Ifada, Indri Kartika & Khoirul Fuad

  2. Faculty of Economics, Universitas Krisnadwipayana, Bekasi, Indonesia

    Munawaroh

Authors
  1. Luluk Muhimatul Ifada
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  2. Munawaroh
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  3. Indri Kartika
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  4. Khoirul Fuad
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Corresponding author

Correspondence to Luluk Muhimatul Ifada .

Editor information

Editors and Affiliations

  1. Department of Information and Communication Engineering, Fukuoka Institute of Technology, Fukuoka, Japan

    Leonard Barolli

  2. Department of Information Security Engineering, Soonchunhyang University, Asan, Korea (Republic of)

    Kangbin Yim

  3. Faculty of Bussiness Administration, Rissho University, Tokyo, Japan

    Tomoya Enokido

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Muhimatul Ifada, L., Munawaroh, Kartika, I., Fuad, K. (2021). Environmental Performance Announcement and Shareholder Value: The Role of Environmental Disclosure. In: Barolli, L., Yim, K., Enokido, T. (eds) Complex, Intelligent and Software Intensive Systems. CISIS 2021. Lecture Notes in Networks and Systems, vol 278. Springer, Cham. https://doi.org/10.1007/978-3-030-79725-6_42

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