THE EFFECT OF GREEN ACCOUNTING, CORPORATE SOCIAL RESPONSIBILITY, AND INSTITUTIONAL OWNERSHIP TOWARDS FINANCIAL PERFORMANCE OF MINING COMPANIES IN INDONESIA

Abstract

The objective of this study is to establish empirical evidence regarding the effects of Green Accounting, Corporate Social Responsibility, and Institutional Ownership on the Financial Performance of mining companies that have been consistently listed on the Indonesia Stock Exchange from 2016 to 2022. Additionally, this research includes control variables such as Leverage and Firm Size. The research utilizes secondary data in the form of annual reports and/or sustainability reports from mining companies listed on the Indonesia Stock Exchange for the period of 2016–2022. The research employed a purposive sampling technique, which involved selecting 16 companies or 112 research samples based on specific and relevant criteria. The test results indicate that Green Accounting has no significant effect on Financial Performance, as assessed by Return on Assets (ROA), Return on Equity (ROE), and Tobin's Q. Corporate Social Responsibility has a significant effect on Financial Performance. Institutional Ownership has a significant effect on Financial Performance that is assessed using metrics Tobin’s Q, however, when assessed using such as Return on Assets (ROA) and Return on Equity (ROE) Institutional Ownership has no significant effect.