Green Accounting, Firm Size, and Profitability: Evidence from Indonesia Green Awards

Authors

  • Dwi Rahayu Nusa Putra University, Sukabumi, Indonesia
  • Meutia Riany Nusa Putra University, Sukabumi, Indonesia

DOI:

https://doi.org/10.32493/jiaup.v14i2.60770

Keywords:

Firm Size, Green Accounting, Indonesia Green Awards, Profitability

Abstract

This study examines whether green accounting practices and firm size affect the profitability of Indonesian Green Award (IGA) recipients, especially those listed on the Indonesia Stock Exchange (IDX). Signalling theory states that companies should use environmental practices and business size to send positive signals to stakeholders in order to improve financial performance. Secondary data from business financial statements was used in this quantitative analysis. 15 businesses were chosen via purposeful sampling, yielding a total of 45 observations. Descriptive statistics, multiple linear regression, classical assumption tests, and hypothesis testing (such as t-tests, F-tests, and the coefficient of determination) were all part of the data analysis process. This study found that return on assets (ROA), a measure of profitability, is not significantly impacted by firm size or green accounting. With an R-squared of 0.062, these two independent variables account for just 6.2% of the variation in profitability. Therefore, both hypotheses are rejected. According to this study, environmental costs and business size are unreliable indicators for the Indonesian capital market. Therefore, in order to boost profitability, corporate management shouldn't rely only on asset size or environmental evaluations.

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Published

2026-07-31

Issue

Vol. 14 No. 2 (2026): Jurnal Ilmiah Akuntansi Universitas Pamulang

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Articles

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Copyright (c) 2026 Dwi Rahayu, Meutia Riany

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