Eco-Accountability in the Automotive Sector: Does Green Accounting Enhance Firm Value on the IDX?
DOI:
https://doi.org/10.47768/gema.v18i1.202604Keywords:
Green Accounting, Firm Value, Automotive IndustryAbstract
The rapid development of electric vehicles (EVs) and the growing demand for sustainable mobility have prompted automotive companies to increase their environmental responsibility and transparency. This study aims to analyze the effect of green accounting implementation on firm value in automotive and component companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2025 period. This study seeks to provide empirical evidence on whether environmental cost disclosure contributes to higher firm value. This study uses secondary data obtained from annual reports, financial statements, and sustainability reports. A total of 44 observations were selected using purposive sampling. Green accounting is measured using a dummy variable based on environmental cost disclosure, while firm value is proxied by the Price to Book Value (PBV) ratio. Profitability, as measured by Return on Assets (ROA), is included as a control variable to account for the influence of financial performance on firm value. Data are analyzed using descriptive statistics and multiple linear regression. The results indicate that green accounting has a positive and significant effect on firm value. This finding supports signaling theory, which suggests that environmental transparency through green accounting disclosure serves as a positive signal to investors and contributes to increased firm value.
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