THE The Effect of Corporate Social Responsibility (CSR) and Green Accounting on Company Financial Performance
DOI:
https://doi.org/10.55587/jla.v6i3.382Keywords:
Corporate Social Responsibility, Green Accounting, Financial Performance, Return on Assets, Food and BeverageAbstract
Purpose: This study aims to examine the influence of green accounting and corporate social responsibility (CSR) on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The study seeks to determine the partial effect of each variable as well as their simultaneous effect on financial performance, offering insight into how environmental accounting practices and social responsibility disclosures relate to corporate financial outcomes.
Method: This research employed a quantitative approach using secondary data obtained from annual reports, sustainability reports, and PROPER (Performance Rating Program in Environmental Management) data. The sampling technique used was purposive sampling, and after conducting an outlier screening process, the final sample consisted of 15 companies with a total of 33 firm-year observations. Data were analyzed using multiple linear regression with the assistance of IBM SPSS Statistics version 27.
Finding: The results show that corporate social responsibility (CSR) does not have a significant effect on financial performance. In contrast, green accounting has a positive and significant effect on financial performance. Simultaneously, CSR and green accounting jointly have a significant effect on the financial performance of food and beverage companies listed on the IDX.
Novelty: This study contributes novelty by simultaneously examining green accounting and CSR in relation to financial performance specifically within the food and beverage sector on the IDX during a recent period (2022–2024), a sector that faces growing pressure regarding environmental sustainability and consumer accountability. The integration of PROPER data as an environmental performance proxy alongside CSR disclosure provides a more comprehensive perspective that is still limited in prior studies, particularly in the context of Indonesian listed companies in the post-pandemic economic recovery period.
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