Pengaruh Kinerja Lingkungan terhadap Kinerja Keuangan pada Perusahaan Manufaktur

Abstract

Corporate responsibility for three aspects, namely financial, social and environmental, is important in order to survive and grow in a sustainable manner. The environmental aspect is currently a concern considering its broad impact and related to the sustainability of the earth. In fact, there are still many companies that ignore environmental aspects in pursuit of financial aspects so that their environmental performance is still low, including in manufacturing companies whose activities cause a lot of environmental impacts. Corporate responsibility for the environment can be seen from the allocation of costs for environmental activities and the resulting environmental performance, which will ultimately affect its financial performance. This study aims to determine the effect of environmental performance on financial performance in manufacturing companies in the basic and chemical industrial sectors on the Indonesian stock exchange in 2016-2020. The type of data used in this study is quantitative data sourced from the company's financial statements. Source of data in this research is secondary data. The population in this study are manufacturing companies in the industrial sector which are listed on the Indonesia Stock Exchange in the period 2016 to 2020 with a total of 195 companies. The sampling technique used purposive sampling technique according to predetermined criteria. Based on predetermined criteria, a sample of 12 companies was obtained. The analytical method used in this study uses a logistic regression analysis test. The results of the study show that partially Environmental Performance has a significant effect on Financial Performance (ROA)