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IJSTR >> Volume 9 - Issue 2, February 2020 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Analysis Of Carbon Emissions Disclosure And Firm Value: Type Of Industry As A Moderating Model

[Full Text]

 

AUTHOR(S)

Mohammad Hardiyansah, Aisa Tri Agustini

 

KEYWORDS

Carbon Emissions Disclosure, Climate Change, Environment, Firm Value, PROPER, Type of Industry.

 

ABSTRACT

The aims of this study is to analyze the effect of carbon emissions disclosure on firm value and industry type as moderating variables. Carbon emissions disclosure is measured using the content analysis method adopted from a questionnaire issued by the CDP (Carbon Disclosure Project). Firm value is measured by Tobin's Q, while industry types are assessed based on company classifications namely high profile industry and low profile industry. This study uses multiple linear regression analysis, and uses 43 companies listed on the Indonesia Stock Exchange and follows the 2014-2018 company's performance rating assessment program in environmental management (PROPER). The first analysis shows that carbon emissions disclosure has a positive and significant effect on firm value. This is because carbon emissions disclosure is a form of corporate responsibility in reducing the impact of environmental damage from company activities, so this can be an attraction for investors. The second research result shows that the type of industry can increase the effect of carbon emissions disclosure on firm value. This is because companies in the high profile industry category that have a high level of sensitivity to the environment are under pressure from the public, so the company responds by conducting carbon emissions disclosure so that it can be a guarantee of the company's sustainability.

 

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