Green Business as a Moderating Variable for Financial Ratios and Firm Value

Diana, Patricia and Eforis, Chermian and Harjanto, Karina (2021) Green Business as a Moderating Variable for Financial Ratios and Firm Value. In: International Conference on Global Innovation and Trends in Economy 2021.

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PEER REVIEW PROSIDING GREEN BUSINESS AS A MODERATING VARIABLE FOR FINANCIAL RATIOS AND FIRM VALUE.pdf

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Abstract

According to the Environmental Performance Index (EPI), Indonesia is listed at 133, from 180 countries in the world. The Ministry of Environment and Forestry of the Republic Indonesia has established a company performance rating, namely, PROPER, whose assessment aspect is almost equal to EPI such as environmental permits, water and air pollution, and waste management. The purpose of this research is to see the effect of profitability, solvency, and liquidity toward firm value with PROPER rating as a moderation variable. Research was conducted over 45 companies in Indonesia from 2015-2019 using multiple regression analysis. The results showed profitability and solvency had positive significant effect on the firm value. Meanwhile, liquidity had negative significant effect towards firm value. PROPER rating positively moderates the effect of profitability and solvency on firm performance. However, it negatively moderates the effect of liquidity towards firm value.

Item Type: Conference or Workshop Item (Paper)
Subjects: 600 Technology (Applied Sciences) > 650 Management and Public Relations > 657 Accounting
Divisions: Fakultas Bisnis > Program Studi Akuntansi
Depositing User: mr admin umn
Date Deposited: 23 May 2022 05:35
Last Modified: 23 May 2022 06:24
URI: http://kc.umn.ac.id/id/eprint/21463

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