Good Corporate Governance, Profitabilitas, Carbon Emission Disclosure, Nilai Perusahaan Pada Perusahaan Manufaktur

Lestari Adhi Widyowati; Sri Setia Ningsih; Boy Dorahman

doi:10.32534/jpk.v11i3.6023

Authors

Lestari Adhi Widyowati Institut Teknologi dan Bisnis Ahmad Dahlan
Sri Setia Ningsih Institut Teknologi dan Bisnis Ahmad Dahlan Jakarta
Boy Dorahman Universitas Muhammadiyah Tangerang

DOI:

https://doi.org/10.32534/jpk.v11i3.6023

Abstract

Nilai perusahaan dapat dicapai melalui faktor keuangan dan non keuangan, karena investor tertarik pada perusahaan dengan laba dan masa depan yang baik. Perusahaan harus sadar bahwa pentingnya beroperasi secara berkelanjutan dengan menyeimbangkan antara Good Corporate Governance (GCG), profitabilitas dan Carbon Emission Disclosure (CED) untuk meningkatkan nilai perusahaan. Penelitian ini untuk menganalisis peran CED dan profitabilitas pada pengaruh GCG terhadap nilai perusahaan. Metode penelitian adalah metode deskriptif kuantitatif. Populasi yang digunakan dalam penelitian yaitu 178 perusahaan manufaktur di BEI tahun 2018-2022. Data diambil secara purposive sampling dan menghasilkan 210 sample. Untuk menganalisa data penelitian ini menggunakan perangkat lunak smartPLS versi 3.0. Uji validitas dan reliabilitas menggunakan model pengukuran, sedangkan uji kausalitas menggunakan model structural. Hasil penelitian adalah sebagai berikut bahwa GCG, CED dan profitabilitas berpengaruh secara langsung terhadap nilai perusahaan. CED berpengaruh langsung terhadap profitabilitas. Profitabilitas dan CED tidak dapat memediasi pengaruh GCG pada nilai perusahaan. Penelitian ini memberikan bukti empiris bagaimana GCG, profitabilitas, CED mempengaruhi nilai perusahaan serta CED mempengaruhi profitabilitas. Selanjutnya penelitian ini juga menyiratkan bahwa untuk meningkatkan nilai perusahaan tidak hanya berasal dari faktor finansial saja tetapi juga dari nonfinansial yang menjadi kebaruan dalam penelitian ini.

Downloads

Download data is not yet available.

References

Aisyah, S. (2022). The Role of Financial Performance as a Mediator Between Good Corporate Governance and Firm Value the Creative Commons Attribution 4.0 International License. Site Using OJS 3 PKP Optimized. ATESTASI: JURNAL ILMIAH AKUNTANSI, 5(1), 255–268. https://doi.org/10.33096/atestasi.v5i1.1080

Alkhairani, Kamaliah, & Rokhmawati, A. (2020). Analisis Pengaruh Good Corporate Governance (GCG) dan Corporate Social Responsibility (CSR) Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Intervening pada. Jurnal Ekonomi KIAT, 31(1), 10–25. Retrieved from https://journal.uir.ac.id/index.php/kiat

Almaeda, T. R., Pramuda, A. V. D., & Setiawan, D. (2023). Perkembangan Penelitian Carbon Disclosure di Indonesia. Reviu Akuntansi Dan Bisnis Indonesia, 7(1), 109–133. https://doi.org/10.18196/rabin.v7i1.17607

Alsaifi, K., & Salama, A. (2020). Pengungkapan karbon dan kinerja keuangan: kebijakan lingkungan Inggris. Strategi Bisnis Dan Lingkungan, 29(2), 711–726.

Amanda, R. I. (2019). The_Impact_Of_Cash_Turnover_Receivable_Turnover_In. Journal of Research in Management, 2(2), 14–22.

A. S, P., & N. F, N. (2017). Pengaruh Corporate Governance Terhadap Profitabilitas (Studi Pada Perusahaan Perbankan yang Terdaftar di Bursa Efek Indonesia Periode 2013-2015). Jurnal Adminsitrasi Bisnis (JAB), 47(1). Retrieved from https://administrasibisnis.studentjournal.ub.ac.id/index.php/jab/article/view/1822

Asri Ningtyas. (2023). THE EFFECT OF GCG AND CSR ON PROFITABILITY WITH COMPANY AGE AS A MODERATING VARIABLE (STUDY ON MINING AND PLANTATION COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE). Berkala Akuntansi Dan Keuangan Indonesia, 8(1), 63–79. https://doi.org/10.20473/baki.v8i1.38465

Ayu Laksani, S., Andesto, R., & Jaya Kirana, D. (2020). Carbon Emission Disclosure Ditinjau dari Nilai Perusahaan, Leverage dan Media Exposure. Studi Akuntansi Dan Keuangan Indonesia, 3(2). https://doi.org/10.21632/saki.3.2.145-164

Bakhtiar, S., & Rokhayati, H. (2023). Corporate Governance, Profitabilitas, dan Nilai Perusahaan. Owner, 7(2), 1503–1513. https://doi.org/10.33395/owner.v7i2.1492

Balagobei, S. (2018). Corporate governance and firm performance: Empirical evidence from emerging market. Asian Economic and Financial Review, 8(12), 1415–1421. https://doi.org/10.18488/journal.aefr.2018.812.1415.1421

Ben, A., Chang. M, & Mclkenny. (2017). “Board gender diversity and corporate response to sustainability initiatives: evidence from the carbon disclosure project. Journal of Business Etnics, 142(2), 369–383. http://dx.doi.org/10.1007/s10551-015-2759-1

Borghei, Z., Leung, P., & Guthrie, J. (2018). Voluntary Greenhouse Gas Emission Disclosure Impacts on Accounting-Based Performance: e: Australian Evidence. Australasian Journal of Environmental Management, 25(3), 321–338. https://doi.org/10.1080/14486563.2018.1466204

Brigham, E. F., & J. F. Houston. (2018). Dasar-Dasar Manajemen Keuangan (14th ed.). Salemba Empat.

Burhan, A. H., & Bagana, B. D. (2024). Pengaruh Struktur Modal, Ukuran Perusahaan, Profitabilitas Dan Kebijakan Dividen Terhadap Nilai Perusahaan. Owner, 8(1), 363–376. https://doi.org/10.33395/owner.v8i1.1798

Chasanah, A. T., & Laliy, N. (2020). PENGARUH GOOD CORPORATE GOVERNANCE DAN CORPORATE SOCIAL RESPONSIBILITY TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN FOOD AND BEVERAGES. https://jurnalmahasiswa.stiesia.ac.id/index.php/jirm/article/view/3105

Chen, J. (2023, October 31). Corporate Governance: Definition, Principles, Models, and Examples. Investopedia. https://www.investopedia.com/terms/c/corporategovernance.asp

Chin, W. (1998). Isu dan opini tentang pemodelan persamaan struktural. Sistem Informasi Manajemen Triwulanan, 22(1), 2884.

Choi, B. B. , Lee, D., & Psaros, J. (2013). An Analysis of Australian Company Carbon Emission Disclosures. Pacific Accounting Review, , 25(1), 58–79. https://doi.org/10.1108/01140581311318968

Chrisna Ekasari, J., Andi, Y., & Noegroho, K. (2020). The Impact of Good Corporate Governance Implementation on Firm Value. International Journal of Social Science and Business, 4(4), 553–560. Retrieved from https://ejournal.undiksha.ac.id/index.php/IJSSB/index

Darlis, E., Kurnia, P., & Alamsyah, M. (2020). Carbon Emission Disclosure: A Study on Manufacturing Companies of Indonesia and Australia. IOP Conference Series: Earth and Environmental Science, 469(1). https://doi.org/10.1088/1755-1315/469/1/012014

Daromes, F. E., Ng, S., & Wijaya, N. (2020). Carbon Emissions Disclosure as Mechanism to Increase Environmental Performance and Control of Idiosyncratic Risk: How They Impact Firm Value. Indonesian Journal of Sustainability Accounting and Management, 4(2), 227. https://doi.org/10.28992/ijsam.v4i2.299

Dowling, J., & Pfeffer, J. (1975). Pacific Sociological Association Organizational Legitimacy: Social Values and Organizational Behavior. Source. The Pacific Sociological Review, 18(1), 122–136. https://doi.org/10.2307/1388226

Fatmasari, E., & Dwiyanto, B. S. (2019). Analisis Kinerja Keuangan dengan Metode Economic Value-Added pada Studi Kasus Perusahaan Subsektor Pertambangan Minyak dan Gas Bumi yang Terdaftar di Indeks Saham Syariah Indonesia (ISSI). Jurnal Maksipreneur: Manajemen, Koperasi, Dan Entrepreneurship, 9(1), 17. https://doi.org/10.30588/jmp.v9i1.435

Fatoni, H. A. F. (2020). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan Dengan Profitabilitas Sebagai Variabel Mediasi (Studi Pada Perusahaan BUMN yang terdaftar di Bursa Efek Indonesia Periode Tahun 2016-2018). Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 12(1), 77–94. https://doi.org/10.35313/ekspansi.v12i1.1888

Firmansyah, A., & Estutik, R. S. (2020). Environmental Responsibility Performance, Corporate Social Responsibility Disclosure, Tax Aggressiveness: Does Corporate Governance Have A Role? Journal of Governance and Regulation, , 9(4), 8–24. https://doi.org/10.22495/jgrv9i4art1

Firmansyah, Amrie, & Purnama, E. B. D. (2020). Do Derivatives Instruments Ownership Decrease Firm Value in Indonesia? Riset Akuntansi Dan Keuangan Indonesia, 5(1), 1–9. Retrieved from https://journals.ums.ac.id/index.php/reaksi/article/view/9817

Firmansyah, A., & Triastie, G. A. (2020). The Role Of Corporate Governance In Emerging Market: Tax Avoidance, Corporate Social Responsibility Disclosures, Risk Disclosures, And Investment Efficiency. Journal of Governance and Regulation, 9(3), 8–26. https://doi.org/10.22495/jgrv9i3art1

Gaio, C., & Raposo, C. (2011). Earnings Quality and Firm Valuation . Accounting and Finance , 51(12), 467–499. https://doi.org/10.1111/j.1467-629X.2010.00362.x

Hadiya, A. U., & Riski, T. R. (2023). Pengaruh Tobins Q, PBV, EPS dan Capital Gain Terhadap Harga Saham Pada Perusahan Retail Yang Terdaftar Di Bursa Efek Indonesia Tahun 2016-2020. In Bisnis Dharma Andalas (Vol. 25, Issue 1). https://doi.org/10.47233/jebd.v25i1.723

Hair, JF Jr., Sarstedt, M., Hopkins, L., & Kuppelwieser, V. (2014). Pemodelan persamaan struktural kuadrat terkecil parsial (PLS-SEM): Alat yang muncul dalam penelitian bisnis. Tinjauan Bisnis Eropa, 26(2), 106–121. https://doi.org/10.1108/EBR-10-2013-0128

Hair, J. J., Matthews, L., Matthews, R., & Sarstedt, M. (2017). PLS-SEM atau CBSEM: Panduan terbaru tentang metode mana yang akan digunakan. Jurnal Internasional Analisis Data Multivariat, 1(2), 107–123. https://doi.org/10.1504/IJMDA.2017.10008574

Hair, J., Ringle, C., & Sarstedt, M. (2011). PLS-SEM: Memang merupakan solusi terbaik. Jurnal Teori Dan Praktek Pemasaran, 19(2), 139–152. https://doi.org/10.2753/MTP1069-6679190202

Hardianti, S., Eka, E., Rina, R., Latif, A., & Asriany, A. (2023). Pengaruh Kinerja Keuangan terhadap Nilai Perusahaan dengan Good Corporate Governance sebagai Variabel Moderasi pada Perusahaan Food and Beverage yang Terdaftar di Bursa Efek Indonesia. Owner, 7(2), 1434–1447. https://doi.org/10.33395/owner.v7i2.1393

Hardiyansah, M., Agustini, A. T., & Purnamawati, I. (2021). The Effect of Carbon Emission Disclosure on Firm Value: Environmental Performance and Industrial Type. Journal of Asian Finance, Economics and Business, 8(1), 123–133. https://doi.org/10.13106/jafeb.2021.vol8.no1.123

Harrison, J. S. , Barney, J. B., Freeman, R. E., & Phillips, R. A. (2019). The Cambridge handbook of stakeholder theory. Cambridge University Press. https://doi.org/10.1017/9781108123495

Hestanto. (2020). Teori Keagenan (Agency Theory).

Humam, H., Ardini, L., & Kurnia, K. (2020). Efektifitas Sistem Pengendalian Intern dalam Mencegah Kecurangan di Perusahaan Daerah. EQUITY, 23(2), 151–166. https://doi.org/10.34209/equ.v23i2.2084

Ika Sari, M., & Wijayantini, B. (2018). Mengukur Kinerja Keuangan dengan EVA dan MVA. Jurnal Manajemen Dan Bisnis, Benefit, 3(1), 68–88. Retrieved from https://journals.ums.ac.id/index.php/benefit/article/view/5772

Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Jiang, Y., Luo, L., Xu, J. F., & Shao, X. R. (2021). The value relevance of corporate voluntary carbon disclosure: Evidence from the United States and BRIC countries. Journal of Contemporary Accounting and Economics, 17(3). https://doi.org/10.1016/j.jcae.2021.100279

Kawedar, W. (2020). ANALISIS PENGARUH KINERJA KEUANGAN, KINERJA OPERASIONAL, BIAYA EKUITAS DALAM PENGUNGKAPAN EMISI KARBON UNTUK MENCIPTAKAN NILAI PERUSAHAAN. DIPONEGORO JOURNAL OF ACCOUNTING, 9(2), 1–11. Retrieved from http://ejournal-s1.undip.ac.id/index.php/accounting

Khafifah, A., & Ahmad, H. (2022). Analisis Faktor Good Corporate Governance, Nilai Perusahaan, dan Profitabilitas Perusahaan Perbankan di Bursa Efek Indonesia pada Masa Pandemi Covid-19. In Center of Economic Student Journal (Vol. 5, Issue 2). https://doi.org/10.56750/csej.v5i1.98

K?l?ç, M., & Kuzey, C. (2019). The effect of corporate governance on carbon emission disclosures: Evidence from Turkey. International Journal of Climate Change Strategies and Management, 11(1), 35–53. https://doi.org/10.1108/IJCCSM-07-2017-0144

Kristanto, M. B., & Lasdi, L. (2021). Determinants of The Firm Value in Indonesia. Wiga : Jurnal Penelitian Ilmu Ekonomi, 11(1), 63–74. https://doi.org/10.30741/wiga.v11i1.610

Kurnia, P., Darlis, E., & Putra, A. A. (2020). Carbon Emission Disclosure, Good Corporate Governance, Financial Performance, and Firm Value. Journal of Asian Finance, Economics and Business, 7(12), 223–231. https://doi.org/10.13106/JAFEB.2020.VOL7.NO12.223

Ladista, R. D., Lindrianasari, L., & Syaipudin, U. (2023). Determinan Pengungkapan Emisi Karbon dan Pengaruhnya Terhadap Kinerja Keuangan. Owner, 7(3), 2262–2283. https://doi.org/10.33395/owner.v7i3.1535

Lembong, E. F., Tinangon, J., & V.T. (2018). Penentuan Keputusan Investasi dengan Menggunakan Informasi Akuntansi Diferensial Pada CV. Nyiur Trans Kawanua Manado. Jurnal Riset Akuntansi Going Concern , 13(2), 503–511. https://doi.org/10.32400/gc.13.02.19674.2018

Lu, W., Zhu, N., & Zhang, J. (2021). The impact of carbon disclosure on financial performance under low carbon constraints. Energies, 14(14). https://doi.org/10.3390/en14144126

Mastuti, A. N., & Prastiwi, D. (2021). Pengaruh Kepemilikan Institusional dan Ukuran Dewan terhadap Nilai Perusahaan melalui Profitabilitas. Jurnal Peta, 6(2), 222–238. https://doi.org/10.51289/peta.v6i2.501

Mekhum, W. (2020). Interrelationship between innovation, corporate governance and organizations’ performance: A case study. Journal of Security and Sustainability Issues, 9, 108–121. https://doi.org/10.9770/JSSI.2020.9.J(9)

Monica, M., Daromes, F. E., & Ng, S. (2021). The Role of Women on Boards as A Mechanism to Improve Carbon Emission Disclosure and Firm Value. Jurnal Ilmiah Akuntansi Dan Bisnis, 16(2), 343. https://doi.org/10.24843/jiab.2021.v16.i02.p11

Mowen, H. (2019). Akuntansi Manajerial (8th ed.). Salemba Empat.

Muslih, M., & Hartati, I. (2022). PENGARUH TATA KELOLA PERUSAHAAN DAN UKURAN PERUSAHAAN TERHADAP KINERJA PERUSAHAAN LQ45 DI BURSA EFEK INDONESIA (BEI) (Vol. 4, Issue 1). https://doi.org/10.59806/tribisnis.v4i1.155

Nasih, M., Harymawan, I., Paramitasari, Y. I., & Handayani, A. (2019). Carbon emissions, firm size, and corporate governance structure: Evidence from the mining and agricultural industries in Indonesia. Sustainability (Switzerland), 11(9). https://doi.org/10.3390/su11092483

Nastiti, A., & Hardiningsih, P. (2022). DETERMINAN PENGUNGKAPAN EMISI KARBON. Jurnal Ilimiah Akuntansi Dan Keuangan (FAIR VALUE), 4(6), 27–39. https://doi.org/10.32670/fairvalue.v4i6.1155

Natalia, G., Rakhman Laba, A., Ratna, A., & Dewi, S. (2023). SEIKO : Journal of Management & Business Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan dan Profitabilitas Pada Perusahaan BUMN yang Terdaftar di Bursa Efek Indonesia. SEIKO : Journal of Management & Business, 6(2), 347–359. Retrieved from https://journal.stieamkop.ac.id/index.php/seiko/article/view/5068

Nawaz Khan, S., Hussain, R. I., Ur-Rehman, S., Maqbool, M. Q., Engku Ali, E. I., & Numan, M. (2019). The mediating role of innovation between corporate governance and organizational performance: Moderating role of innovative culture in Pakistan textile sector. Cogent Business and Management, 6(1). https://doi.org/10.1080/23311975.2019.1631018

Ng, S., Robert Jao, Fransiskus E. Daromes, & Monica. (2022). Public Ownership and Firm Value: Mediation Role of Carbon Emissions Disclosure. Jurnal Akuntansi, 26(3), 426–442. https://doi.org/10.24912/ja.v26i3.1049

Nurkhin, A., Wahyudin, A., & Fajriah, A. S. A. (2018). Relevansi Struktur Kepemilikan Terhadap Profitabilitas Dan Nilai Perusahaan Barang Konsumsi. Jurnal Akuntansi Multiparadigma, 8(1), 35–46. http://dx.doi.org/10.18202/jamal.2017.04.7038

Olivia, I., & Dwimulyani, S. (2019). Pengaruh Thin Capitalization dan Profitabilitas Terhadap Penghindaran Pajak dengan Kepemilikan Institusional Sebagai Variabel Moderasi. https://doi.org/10.25105/pakar.v0i0.4337

Permana, yusuf. (2024, January). DLHK Banten Sebut Chandra Asri Sengaja Timbulkan Polusi Udara. Radar Banten. Retrieved from https://www.radarbanten.co.id/2024/01/22/dlhk-banten-sebut-chandra-asri-sengaja-timbulkan-polusi-udara/

Pitrakkos, P., & Maroun, W. (2020). Evaluating the quality of carbon disclosures. Sustainability Accounting, Management and Policy Journal, 11(3), 553–589. https://doi.org/10.1108/SAMPJ-03-2018-0081

Purnayudha, N. A., Theodorus, P., & Hadiprajitno, B. (22 C.E.). PENGARUH KARAKTERISTIK TATA KELOLA PERUSAHAAN DAN KINERJA LINGKUNGAN TERHADAP PENGUNGKAPAN EMISI KARBON. DIPONEGORO JOURNAL OF ACCOUNTING, 11(1), 1–11. Retrieved from http://ejournal-s1.undip.ac.id/index.php/accounting

Rashid, A. (2018). Does corporate social responsibility reporting enhance shareholders’ value? Journal of Financial Reporting and Accounting, 16(1), 158–178. https://doi.org/10.1108/JFRA-10-2016-0084

Rivandi, M. (2018). Pengaruh Enterprise Risk Management Disclosure Dan Corporate Governance Terhadap Nilai Perusahaan. Jurnal Benefita, 3(2), 137. http://doi.org/10.22216/jbe.v3i2.3113

Rivandi, M., Putra, A. H., Akuntansi, P., Tinggi, S., & Kbp, I. E. (2019). PENGARUH DEWAN KOMISARIS DAN KOMITE AUDIT TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (STUDI EMPIRIS PERUSAHAAN HIGH PROFILE DI BURSA EFEK INDONESIA). In Jurnal Manajemen dan Bisnis: Vol. VIII (Issue 01).

Rizki, A., & Jasmine, A. (2018). Investor Protection, Corporate Governance, Firm Value: Research on the Companies in Asia. KnE Social Sciences, 3(10). https://doi.org/10.18502/kss.v3i10.3403

Sampurna, D. S., & Sari, M. N. (2018). Pengaruh keputusan investasi, kebijakan dividen, dan profitabilitas terhadap nilai perusahaan. Jurnal Akuntansi Bisnis, 4(1), 103–119.

Septiawan, B. (2018). Seminar Nasional I Universitas Pamulang Program Studi D3 Akuntansi Aula Rektorat. Retrieved from https://www.researchgate.net/publication/324981709_PENGARUH_PELAKSANAAN_AUDIT_INTERNAL_DAN_KOMITMEN_ORGANISASI_TERHADAP_GOOD_CORPORATE_GOVERNANCE_SURVEY_PADA_3_BUMN_YANG_BERKANTOR_PUSAT_DI_KOTA_BANDUNG

Setiawan, P., Widya, R. R., Soeprajitno, N., & Iswati, S. (2019). This result means supporting Kilic dan Kuzey. https://doi.org/10.26460/AD.V3I2.5278

Setiawanta, Y., Dwiarso Utomo, S., Dapit Pamungkas, I., & Muhimatul Ifada, L. (2021). The Impact of Profitability on Firm Value: Does Environmental Performance Play a Mediation Role? (Vol. 48, Issue 7). Retrieved from http://jonuns.com/index.php/journal/article/view/665

Sholihin, M., & Ratmono, D. (2021). Analisis SEM-PLS dengan WarpPLS 7.0 Untuk Hubungan Nonlinier dalam Penelitian Sosial dan Bisnis (2nd ed.). Andi.

Siregar, I., Lindrianasari, & Komaruddin. (2018). Hubungan Antara Kinerja Lingkungan dan Kinerja Komite Audit dengan Kualitas Pengungkapan Corporate Social Responsibility. Jurnal Akuntansi & Keuangan, 16(22), 119–128. Retrieved from https://jurnal.ubl.ac.id/index.php/jak/article/view/241/245

Situmorang, R. A., Yanti, H. B., Magister, ), & Trisakti, A. U. (2020). Prosiding Seminar Nasional Pakar ke 3 Tahun 2020 PENGARUH CARBON EMISSION DISCLOSURE DAN GOOD CORPORATE GOVERNANCE TERHADAP PROFITABILITAS DENGAN MEDIA EXPOSURE SEBAGAI VARIABEL MODERASI. https://doi.org/10.25105/pakar.v0i0.6876

Soewarno, N., Tjahjadi, B., & Hanifah Firdausi, R. (2018). The Impacts of Carbon Emission Disclosure, Environmental Performance, and Social Performance on Financial Performance (Empirical Studies in Proper Participating Companies Listed in Indonesia Stocks Exchange, Year 2013–2016). KnE Social Sciences, 3(10). https://doi.org/10.18502/kss.v3i10.3439

Spenc, M. (1973). Job Market Signalling. Quarterly Journal of Economics, 355–374. Retrieved from https://www.jstor.org/stable/1882010

Sukarya, I. P., Gde, I., & Baskara, K. (2019). PENGARUH PROFITABILITAS, LEVERAGE, DAN LIKUIDITAS TERHADAP NILAI PERUSAHAAN SUB SEKTOR FOOD AND BEVERAGES. 8(1), 7399–7428. https://doi.org/10.24843/EJMUNUD.2019.v8.i1.p16

Tjahjono, A. (2017). Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan dengan Variabel Intervening Profitabilitas (Studi pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia tahun 2010-2014). Jurnal Kajian Bisnis, 25(1), 13–39. https://doi.org/10.32477/jkb.v25i1.141

Trimuliani, D., & Febrianto, R. (2023). Pengungkapan Emisi Karbon dan Kinerja Karbon terhadap Nilai Perusahaan: Moderasi Kepemilikan Negara. Jurnal Informatika Ekonomi Bisnis, 900–906. https://doi.org/10.37034/infeb.v5i3.681

Trinks, A., Mulder, M., & Scholtens, B. (2020). An Efficiency Perspective on Carbon Emissions and Financial Performance. Ecological Economics, 175. https://doi.org/10.1016/j.ecolecon.2020.106632

Ummah, Y. R., & Setiawan, D. (2021). Do Board of Commissioners Characteristic and International Environmental Certification Affect Carbon Disclosure? Evidence from Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 8(2), 215–228. https://doi.org/10.24815/jdab.v8i2.21332

Wahyudi, I., Muawanah, U., & Setia, K. A. (2021). Mertojoyo Blk. L, Merjosari, Kota Malang, 65144, Indonesia 2 Universitas gajayana Malang. Jl. Mertojoyo Blk. L, Merjosari, Kota Malang, 7(1), 1–16. Retrieved from http://jurnal.unmer.ac.id/index.php/ap

Wiguna, R. A., & Yusuf, M. (2019). Pengaruh Profitabilitas Dan Good Corporate Governance Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan yang Terdaftar di Bursa Efek Indonesia). Journal Economic and Bangking, 1(2), 158–173. Retrieved from https://jurnal.stiebankbpdjateng.ac.id/jurnal/index.php/econbank/article/view/177

Worokinasih, S., & Zaini, M. L. Z. B. M. (2020). The mediating role of corporate social responsibility (CSR) disclosure on good corporate governance (GCG) and firm value. Australasian Accounting, Business and Finance Journal, 14(1 Special Issue), 88–96. https://doi.org/10.14453/aabfj.v14i1.9

Yohendra, C. L., & Susanty, M. (2019). TATA KELOLA PERUSAHAAN DAN NILAI PERUSAHAAN (Vol. 21, Issue 1). Jurnal Bisnis dan Akuntansi, 21(1), 113-128. Retrieved from http://jurnaltsm.id/index.php/JBA

Zalogo, E., & Duho, Y. P. (2022). Analisis Pengaruh Kualitas Auditor, Likuditas, Profitabilitas dan Solvabilitas terhadap Opini audit Going Concern pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia Tahun 2018-2020. Owner, 6(1), 1101–1115. https://doi.org/10.33395/owner.v6i1.730

Zuhrufiyah dan Dian Yuni Anggraeni, D. (2019). Pengungkapan Emisi Karbon dan Nilai Perusahaan (Studi Kasus pada Perusahaan di Kawasan Asia Tenggara). Jurnal Manajemen Teknologi, 18(2), 80–105. https://doi.org/10.12695/jmt.2019.18.2.1