Isi Artikel Utama
Abstrak
Green accounting and material flow cost accounting are approaches in accounting that are a manifestation of the company's concern in managing environmental impacts in its operational activities. This study aims to determine the effect of the implementation of green accounting and material flow cost accounting on profitability in mining companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period.
The research method used is quantitative with an associative approach. This study takes a sample of companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period using secondary data obtained through the annual report and sustainability report for the 2019-2023 period and the data is tested using descriptive statistical analysis, classical assumption test in the form of normality test, multicollinearity test, autocorrelation test and heteroscedasticity test, regression analysis test linear and hypothesis tests in the form of determination coefficient test (Adjust R2), t test and F test.
The results obtained from this study are normally distributed data. Partially, green accounting has a significant effect on the company's profitability. Meanwhile, material flow cost accounting partially does not show a significant influence on profitability. Simultaneously, green accounting and material flow cost accounting together affect the company's profitability. The determination coefficient test showed that some of the variation in profitability could be explained by the two independent variables, while the rest was influenced by other variables. These results reinforce the importance of the comprehensive application of environmental accounting practices in the planning and management of the company's operational activities, especially in the mining industry sector that has a major impact on the environment.
Kata Kunci
Green accounting
Material Flow Cost Accounting
Profitability
Rincian Artikel
Referensi
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Abdullah, M. Wahyuddin, and Hernawati Amiruddin. "The Effect of Green Accounting on Material Flow Cost Accounting in Improving Company Sustainability." EQUITY (Journal of Economics and Finance) 4, no. 2 (2020): 166–186.
Abdullah, Ma'ruf. Quantitative Research Methods. Yogyakarta: Aswaja Pressindo, 2015.
Almunawwaroh, Medina, et al. Green Accounting: Accounting and the Environment. Bandung: CV. Media Sains Indonesia, 2020.
Amalia, Roudhatul, Muhammad Riza Hafizi, and Arif Mubarok. "The Effect of the Implementation of Green Accounting and Environmental Performance on Profitability in Mining Companies Listed on the Indonesia Stock Exchange." Accounting Journal of Economics (AJI) 2, no. 1 (2024): 22–37.
Scott, Eddie O'Neill. "WALHI South Sulawesi, demands PT Vale Indonesia's responsibility for the destruction of forests, lakes, and the threat of loss of endemic biodiversity." Online24 hours, 2021.
Christ, Katherine L., and Roger L. Burritt. "Material Flow Cost Accounting: A Review and Agenda for Future Research." Journal of Cleaner Production 108 (2015): 1378–1389.
Frihatni, Andi Ayu. "The Effect of Profitability Moderation on the Relationship Between Social Responsibility and Corporate Value in the Midst of a Global Economic Crisis." JIAFE (Scientific Journal of Accounting of the Faculty of Economics) 4, no. 2 (2018): 285–294.
Hery. Analysis of Financial Statements. Jakarta: PT Grasindo, 2016.
Elijah Muhammad. "The Influence of Environmental Cost, Environmental Performance and Material Flow Cost Accounting on Profitability in the Perspective of Environmental Fiqh (Study on Manufacturing Companies Listed in the Indonesian Sharia Stock Index in 2018-2022)." Raden Intan State Islamic University, Lampung, 2024.
Jach, Christine. Environmental and Material Flow Cost Accounting Principles and Procedures. 1st ed. Springer Science & Business Media, 2010.
Loen, Mishelei. "The Application of Green Accounting and Material Flow Cost Accounting (MFCA) to Sustainable Development." Journal of Accounting and Business Krisnadwipayana 5, no. 1 (2018): 1–14.
Marlina, Susi, and M Hafizul Furqan. "The Impact of Coal Mining on the Environment in Gampong Penaga Cut Ujong, West Aceh." MBK Journal of Special Geosphere Education , no. 2 (2024): 267–278.
Oktadifa, Rani Melati, and Tituk Diah Widajantie. "The Effect of the Implementation of Green Accounting, Material Flow Cost Accounting, and Environmental Performance on Company Profitability." Al-Kharaj : Journal of Sharia Economics, Finance & Business 6, no. 3 (2023): 2896–2909.
Pasaribu, Ezra. "The Effect of the Implementation of Green Accounting on Profitability in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2016-2020." University of Medan Area, 2022.
Prince, Anugerah Alif. "The Effect of the Implementation of Green Accounting, Corporate Social Responsibility (CSR) and Material Flow Cost Accounting (MFCA) on Productability (Empirical Study on Manufacturing Companies Listed on the IDX in 2017-2021)." Universitas Pembangunan Jaya, 2023.
Republic of Indonesia. "Law of the Republic of Indonesia Number 32 of 2009 concerning Environmental Protection and Management." Jakarta, 2009.
Riskayanti and Rini Purnamasari. "Analysis of Profitability of Sharia Insurance Companies in Indonesia." Funds: Scientific Journal of Accounting, Finance, and Business 2, no. 2 (2024): 104–122.
Please, Rusmaida. "The Effect of Green Accounting and Material Flow Cost Accounting on Company Profitability (in Food and Beverage Sector Companies Listed on the Indonesia Stock Exchange)." STIE Development Tanjung Pinang, 2023.
Sugiyono. Qualitative quantitative research methods and R&D. Bandung: CV Alfabeta, 2013.
Tachikawan, Hiroshi. Manual on Material Flow Cost Accounting: ISO 14051. Tokyo: Asian Productivity Organization, 2014.
Referensi
Abdullah, M. Wahyuddin, and Hernawati Amiruddin. "The Effect of Green Accounting on Material Flow Cost Accounting in Improving Company Sustainability." EQUITY (Journal of Economics and Finance) 4, no. 2 (2020): 166–186.
Abdullah, Ma'ruf. Quantitative Research Methods. Yogyakarta: Aswaja Pressindo, 2015.
Almunawwaroh, Medina, et al. Green Accounting: Accounting and the Environment. Bandung: CV. Media Sains Indonesia, 2020.
Amalia, Roudhatul, Muhammad Riza Hafizi, and Arif Mubarok. "The Effect of the Implementation of Green Accounting and Environmental Performance on Profitability in Mining Companies Listed on the Indonesia Stock Exchange." Accounting Journal of Economics (AJI) 2, no. 1 (2024): 22–37.
Scott, Eddie O'Neill. "WALHI South Sulawesi, demands PT Vale Indonesia's responsibility for the destruction of forests, lakes, and the threat of loss of endemic biodiversity." Online24 hours, 2021.
Christ, Katherine L., and Roger L. Burritt. "Material Flow Cost Accounting: A Review and Agenda for Future Research." Journal of Cleaner Production 108 (2015): 1378–1389.
Frihatni, Andi Ayu. "The Effect of Profitability Moderation on the Relationship Between Social Responsibility and Corporate Value in the Midst of a Global Economic Crisis." JIAFE (Scientific Journal of Accounting of the Faculty of Economics) 4, no. 2 (2018): 285–294.
Hery. Analysis of Financial Statements. Jakarta: PT Grasindo, 2016.
Elijah Muhammad. "The Influence of Environmental Cost, Environmental Performance and Material Flow Cost Accounting on Profitability in the Perspective of Environmental Fiqh (Study on Manufacturing Companies Listed in the Indonesian Sharia Stock Index in 2018-2022)." Raden Intan State Islamic University, Lampung, 2024.
Jach, Christine. Environmental and Material Flow Cost Accounting Principles and Procedures. 1st ed. Springer Science & Business Media, 2010.
Loen, Mishelei. "The Application of Green Accounting and Material Flow Cost Accounting (MFCA) to Sustainable Development." Journal of Accounting and Business Krisnadwipayana 5, no. 1 (2018): 1–14.
Marlina, Susi, and M Hafizul Furqan. "The Impact of Coal Mining on the Environment in Gampong Penaga Cut Ujong, West Aceh." MBK Journal of Special Geosphere Education , no. 2 (2024): 267–278.
Oktadifa, Rani Melati, and Tituk Diah Widajantie. "The Effect of the Implementation of Green Accounting, Material Flow Cost Accounting, and Environmental Performance on Company Profitability." Al-Kharaj : Journal of Sharia Economics, Finance & Business 6, no. 3 (2023): 2896–2909.
Pasaribu, Ezra. "The Effect of the Implementation of Green Accounting on Profitability in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2016-2020." University of Medan Area, 2022.
Prince, Anugerah Alif. "The Effect of the Implementation of Green Accounting, Corporate Social Responsibility (CSR) and Material Flow Cost Accounting (MFCA) on Productability (Empirical Study on Manufacturing Companies Listed on the IDX in 2017-2021)." Universitas Pembangunan Jaya, 2023.
Republic of Indonesia. "Law of the Republic of Indonesia Number 32 of 2009 concerning Environmental Protection and Management." Jakarta, 2009.
Riskayanti and Rini Purnamasari. "Analysis of Profitability of Sharia Insurance Companies in Indonesia." Funds: Scientific Journal of Accounting, Finance, and Business 2, no. 2 (2024): 104–122.
Please, Rusmaida. "The Effect of Green Accounting and Material Flow Cost Accounting on Company Profitability (in Food and Beverage Sector Companies Listed on the Indonesia Stock Exchange)." STIE Development Tanjung Pinang, 2023.
Sugiyono. Qualitative quantitative research methods and R&D. Bandung: CV Alfabeta, 2013.
Tachikawan, Hiroshi. Manual on Material Flow Cost Accounting: ISO 14051. Tokyo: Asian Productivity Organization, 2014.
Abdullah, Ma'ruf. Quantitative Research Methods. Yogyakarta: Aswaja Pressindo, 2015.
Almunawwaroh, Medina, et al. Green Accounting: Accounting and the Environment. Bandung: CV. Media Sains Indonesia, 2020.
Amalia, Roudhatul, Muhammad Riza Hafizi, and Arif Mubarok. "The Effect of the Implementation of Green Accounting and Environmental Performance on Profitability in Mining Companies Listed on the Indonesia Stock Exchange." Accounting Journal of Economics (AJI) 2, no. 1 (2024): 22–37.
Scott, Eddie O'Neill. "WALHI South Sulawesi, demands PT Vale Indonesia's responsibility for the destruction of forests, lakes, and the threat of loss of endemic biodiversity." Online24 hours, 2021.
Christ, Katherine L., and Roger L. Burritt. "Material Flow Cost Accounting: A Review and Agenda for Future Research." Journal of Cleaner Production 108 (2015): 1378–1389.
Frihatni, Andi Ayu. "The Effect of Profitability Moderation on the Relationship Between Social Responsibility and Corporate Value in the Midst of a Global Economic Crisis." JIAFE (Scientific Journal of Accounting of the Faculty of Economics) 4, no. 2 (2018): 285–294.
Hery. Analysis of Financial Statements. Jakarta: PT Grasindo, 2016.
Elijah Muhammad. "The Influence of Environmental Cost, Environmental Performance and Material Flow Cost Accounting on Profitability in the Perspective of Environmental Fiqh (Study on Manufacturing Companies Listed in the Indonesian Sharia Stock Index in 2018-2022)." Raden Intan State Islamic University, Lampung, 2024.
Jach, Christine. Environmental and Material Flow Cost Accounting Principles and Procedures. 1st ed. Springer Science & Business Media, 2010.
Loen, Mishelei. "The Application of Green Accounting and Material Flow Cost Accounting (MFCA) to Sustainable Development." Journal of Accounting and Business Krisnadwipayana 5, no. 1 (2018): 1–14.
Marlina, Susi, and M Hafizul Furqan. "The Impact of Coal Mining on the Environment in Gampong Penaga Cut Ujong, West Aceh." MBK Journal of Special Geosphere Education , no. 2 (2024): 267–278.
Oktadifa, Rani Melati, and Tituk Diah Widajantie. "The Effect of the Implementation of Green Accounting, Material Flow Cost Accounting, and Environmental Performance on Company Profitability." Al-Kharaj : Journal of Sharia Economics, Finance & Business 6, no. 3 (2023): 2896–2909.
Pasaribu, Ezra. "The Effect of the Implementation of Green Accounting on Profitability in Food and Beverage Companies Listed on the Indonesia Stock Exchange in 2016-2020." University of Medan Area, 2022.
Prince, Anugerah Alif. "The Effect of the Implementation of Green Accounting, Corporate Social Responsibility (CSR) and Material Flow Cost Accounting (MFCA) on Productability (Empirical Study on Manufacturing Companies Listed on the IDX in 2017-2021)." Universitas Pembangunan Jaya, 2023.
Republic of Indonesia. "Law of the Republic of Indonesia Number 32 of 2009 concerning Environmental Protection and Management." Jakarta, 2009.
Riskayanti and Rini Purnamasari. "Analysis of Profitability of Sharia Insurance Companies in Indonesia." Funds: Scientific Journal of Accounting, Finance, and Business 2, no. 2 (2024): 104–122.
Please, Rusmaida. "The Effect of Green Accounting and Material Flow Cost Accounting on Company Profitability (in Food and Beverage Sector Companies Listed on the Indonesia Stock Exchange)." STIE Development Tanjung Pinang, 2023.
Sugiyono. Qualitative quantitative research methods and R&D. Bandung: CV Alfabeta, 2013.
Tachikawan, Hiroshi. Manual on Material Flow Cost Accounting: ISO 14051. Tokyo: Asian Productivity Organization, 2014.