Financial Performance Analysis in the Influence of Environmental Performance and Environmental Disclosure with Moderating by Organization Culture

Abstract

This study aims to analyze financial performance that is influenced by environmental performance and environmental disclosure by moderating by organization culture. The analysis used is descriptive and verification analysis. The sample used is companies listed on the Indonesia Stock Exchange from 2014 to 2017 in the manufacturing sector. The company is a PROPER with gold, green and blue ratings and has a positive ROA value. Samples that met these criteria during the period 2014 – 2017 were 163 samples. The results showed that financial performance was positively influenced by environmental performance by 5.2 and positively environmental disclosure by 3.463. Another thing, organizational culture is not able to increase the effect of environmental performance and environmental disclosure on financial performance and even weaken environmental performance by 70,701. Based on this research, environmental management and disclosure is a positive signal for investors in considering investment decision making so that it can improve the company’s financial performance, while the organization culture is still implemented to maintain the company’s performance in other fields.

Keywords: Environmental Disclosure, Environmental Performance, Financial Performance, and organization culture

DOI: https://doi.org/10.37745/ejbir/vol8.no3.pp1-16.2020

Article Review Status: Published

Pages: 1-16 (Download PDF)

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