The company characteristics and environmental performance

• Autorzy: Farlinno Anditto , Bernawati Yustrida

Identyfikatory

DOI

10.17512/pjms.2020.22.2.08

Warianty tytułu

PL

Charakterystyki przedsiębiorstwa a działania środowiskowe

• Języki publikacji: EN

Abstrakty

EN

Environmental performance of firms in developing countries is of interest given the lack of resources to properly manage resources and incentivize environmental performance. The empirical literature is mainly focused on developed countries. Thus, this study aims to examine the relationship of financial performance, company size, and share ownership on environmental performance in the context of a developing country. The research sample used includes mining sector companies listed on the Indonesia Stock Exchange (IDX) in 2012-2016. The results of this study indicate that profitability and firm size have a positive effect while liquidity and share ownership have no significant effect on environmental performance. The measurement of environmental performance in this study is based on the PROPER (Company Performance Rating Assessment Program in Environmental Management) ranking made by the Ministry of Environment of the Republic of Indonesia. This research is expected to be able to provide an overview to stakeholders related to the behaviour of mining companies in environmental aspects.

PL

Efektywność środowiskowa firm w krajach rozwijających się jest interesująca ze względu na brak zasobów do właściwego zarządzania zasobami i motywowania do działań środowiskowych. Literatura empiryczna koncentruje się głównie na krajach rozwiniętych. W związku z tym niniejsze badanie ma na celu zbadanie związku wyników finansowych, wielkości firmy i własności udziałów w zakresie efektywności środowiskowej w kontekście kraju rozwijającego się. Wykorzystana próba badawcza obejmuje spółki z sektora wydobywczego notowane na indonezyjskiej giełdzie papierów wartościowych (IDX) w latach 2012-2016. Wyniki tego badania wskazują, że rentowność i wielkość firmy mają pozytywny wpływ, podczas gdy płynność i posiadanie udziałów nie ma znaczącego wpływu na efektywność środowiskową. Pomiar efektywności środowiskowej w tym badaniu opiera się na rankingu PROPER (Program oceny wydajności przedsiębiorstwa w zarządzaniu środowiskowym) sporządzonym przez Ministerstwo Środowiska Republiki Indonezji. Oczekuje się, że badanie to zapewni interesariuszom przegląd dotyczący zachowań przedsiębiorstw górniczych w aspektach środowiskowych.

Słowa kluczowe

EN

financial performance; profitability; liquidity; company size; share ownership; environmental performance

PL

wyniki finansowe; rentowność; płynność; wielkość przedsiębiorstwa; akcjonariat; efektywność środowiskowa

• Wydawca: Czestochowa University of Technology
• Czasopismo: Polish Journal of Management Studies
• Rocznik: 2020
• Tom: Vol. 22, No. 2
• Strony: 111--126
• Opis fizyczny: Bibliogr. 30 poz., tab.

Twórcy

autor

Farlinno Anditto

• Department of Accountancy, Faculty of Economics and Business, Universitas Airlangga

autor

Bernawati Yustrida

• Department of Accountancy, Faculty of Economics and Business, Universitas Airlangga

Bibliografia

• 1. Acero, I., Alcalde, N., (2020). Directors’ compensation: what really matters? Journal of Business Economics and Management, 21(1), 180-199.
• 2. Agustia, D., Sawarjuwono, T. and Dianawati, W., (2019). The Mediating Effect of Environmental Management Accounting on Green Innovation-Firm Value Relationship. International Journal of Energy Economics and Policy, 9(2), 299.
• 3. Aliyu, U. S., (2019). Board characteristic and corporate environmental reporting in Nigeria. Asian Journal of Accounting Research, 4(1), 2-17. doi:10.1108/ajar-09-2018-0030
• 4. Bansal, R., Singh, A., Kumar, S. and Gupta, R., (2018). Evaluating factors of profitability for Indian banking sector: a panel regression. Asian Journal of Accounting Research, 3(2), 236-254.
• 5. Barbu, T. C., Boitan, I. A., (2020). Financial system performance in European Union countries: do country’s governance indicators matter? Journal of Business Economics and Management, 21(6), 1646-1664.
• 6. Dowling, J., Pfeffer, J., (1975). Organizational legitimacy: Social values and organizational behavior. Pacific sociological review, 18(1), 122-136.
• 7. Dube, K., (2020). Tourism and sustainable development goals in the African context. International Journal of Economics and Finance, 12(1).
• 8. Earnhart, Dietrich, Lizal, L., (2006). The Effects of Ownership and Financial Performance on Corporate Environmental Performance. Journal of Comparative Economics, 34, 111-129.
• 9. Elkington, J., (1997). The triple bottom line. Environmental management: Readings and cases, 2.
• 10. Filimonova, I., Komarova, A. and Mishenin, M., (2020). Impact of the global green factor on the capitalization of oil companies in Russia. Oeconomia Copernicana, 11(2), 309-324.
• 11. Freeman, R. E., (1999). Divergent stakeholder theory. Academy of management review, 24(2), 233-236.
• 12. Greenwood, M., (2007). Stakeholder engagement: Beyond the myth of corporate responsibility. Journal of Business ethics, 74(4), 315-327.
• 13. Hai, P. T., Tu, C. A., (2019). Research on factors affecting organizational structure, operating mechanism and audit quality: An empirical study in Vietnam. Journal of Business Economics and Management, 20(3), 526-545.
• 14. Hussain, H. I., Kot, S., Thaker, H. M. T. and Turner, J. J., (2020). Environmental Reporting and Speed of Adjustment to Target Leverage: Evidence from a Dynamic Regime Switching Model. Organizacija, 53(1), 21-35.
• 15. Kholis, A., Rambe, P. and Muda, I., (2020). Determining Factors for Disclosure of Sustainability Reporting with Inclusive Stakeholder Models in Indonesia Public Company Issuer. International Journal of Management (IJM), 11(3).
• 16. Lu, J., Ren, L., Zhang, C., Wang, C., Petkeviciute, N. and Streimikis, J., (2020). Gender difference in corporate social responsibility implementation in Lithuanian SMEs. Oeconomia Copernicana, 11(3), 549-569.
• 17. Lucyanda, Jurica dan L. G. P. Siagian., (2012). The Influence of Company Characteristics Toward Corporate Social Responsibility Disclosure. The 2012 International Conference on Business and Management.
• 18. Mahrani, M., Soewarno, N., (2018). The effect of good corporate governance mechanism and corporate social responsibility on financial performance with earnings management as mediating variable. Asian Journal of Accounting Research, 3(1), 41-60.
• 19. Nasih, M., Harymawan, I., Paramitasari, Y. I. and Handayani, A., (2019). Carbon Emissions, Firm Size, and Corporate Governance Structure: Evidence from the Mining and Agricultural Industries in Indonesia. Sustainability, 11(9).
• 20. Nohong, M., Sobarsyah, M., Sanusi, A., Otoluwa, N. I. and Bon, A. T., (2019). Islamic social reporting disclosure and firm value: Empirical Study of Firms Listed in Jakarta Islamic Index. Proceedings of the International Conference on Industrial Engineering and Operations Management, 2458-2494.
• 21. Nurlaila, N., Lubis, A. F., Bukit, R. and Fachruddin, K. A., (2017). The influence of stakeholder pressure and environmental performance on corporate social and environmental disclosure and its implication on the value of the firm. International Journal of Economic Research, 14(15), 353-369.
• 22. O’Donovan, (2002). Environmental Disclosure in the Annual Report: Extending the Applicability and Predictive Power of Legitimacy Theory, Accounting, Auditing and Accountability Journal, 15(3), 344-371.
• 23. Rakhman, A., (2016). Analysis effect of investment behaviour, reaction to risks and knowledge in stock exchange to the use of financial analysis and investor performance at the Indonesian stock exchange (a survey of investors' behaviour in Makassar, Indonesia). International Journal of Applied Business and Economic Research, 14 (3), 2299-2319.
• 24. Ramadhan, D., Nasih, M. and Iswati, S., (2019). Environmental performance analysis on mining and agricultural company listed in Indonesia shariah share index (ISSI) for year 2011-2016. Journal of Advanced Research in Dynamical and Control Systems, 11(5), 1264-1269.
• 25. Sadalia, I., Rahamani, N. A. B. and Muda, I., (2017). The Significance of Internet Based Financial Information Disclosure on Corporates’ Shares in Indonesia. International Journal of Economic Research, 14(12), 337-346.
• 26. Salem, M., Shawtari, F., Shamsudin, M. Hussain, H. I., (2018). The Consequences of Integrating Stakeholders’ Engagement on Sustainable Development (Environmental Perspectives), Sustainable Development, 26 (3), 255-268.
• 27. Suhadak, S., Kurniaty, K., Handayani, S. R. and Rahayu, S. M., (2019). Stock return and financial performance as moderation variable in influence of good corporate governance towards corporate value. Asian Journal of Accounting Research, 4(1), 18-34.
• 28. Szczepańska-Woszczyna, K., Kurowska-Pysz, J. (2016). Sustainable business development through leadership in SMEs. Engineering Management in Production and Services, 8(3), 57-69.
• 29. Thaker, H. M. T., Sakaran, K., Nanairan, N., Thaker, M. M. T. and Hussain, H. I., (2020). Drivers of loyalty among non-Muslims towards Islamic banking in Malaysia: Evidence from SmartPLS, International Journal of Islamic and Middle Eastern Finance and Management, 13 (2), 281-302.
• 30. Virglerova, Z., Dvorský, J., Kozubikova, L. and Cepel, M., (2020). Perception of non-financial risk determinants in SMEs in Visegrad countries. Oeconomia Copernicana, 11 (3).

Uwagi

Opracowanie rekordu ze środków MNiSW, umowa Nr 461252 w ramach programu "Społeczna odpowiedzialność nauki" - moduł: Popularyzacja nauki i promocja sportu (2021).