THE EFFECT OF CORPORATE GOVERNANCE ON COMPANY FINANCIAL PERFORMANCE THROUGH CARBON EMISSION DISCLOSURE
Abstract
This study aims to determine the effect of corporate governance on the company’s financial performance through carbon emission disclosure (CED). The independent variable in this study is corporate governance as measured by the proportion of PKA and the proportion of PKD with the indicators used by Hapsoro (2018). The company’s financial performance is measured using the ratio of return on assets (ROA) and carbon emission disclosure (CED) measured by the ratio of total items disclosed from the total items from eighteen items according to Choi., et al (2013). The sample selection method uses a purposive sampling method in mining, manufacturing, agriculture and trade, services & investment companies listed on the Indonesia Stock Exchange from 2013 to 2017. The number of sample in this study were 17 companies that met the criteria. Hypothesis testing techniques are carried out using the SPSS Program Version 22. The results showed that the proportion of PKA had no effect on carbon emission disclosure (CED), while the proportion of PKD had a positive effect on carbon emission disclosure (CED). The proportion of PKA has a positive effect on ROA, while the proportion of PKD has no effect on ROA. The variable of carbon emission disclosure (CED) do not affect ROA. Carbon emission disclosure (CED) has not been able to mediate in the relationship between the proportion of PKA to ROA. However, carbon emission disclosure (CED) is able to mediate the relationship between the proportion of PKD to ROA.
Keywords: Proportion of PKA, proportion of PKD, carbon emission disclosure, ROA
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