The Effect of Green Accounting and Firm Size on Bank
Performance with Firm Growth as a Moderation Variable
1Alifia Hafsyah, 2Siti Choiriah
1,2Mercu Buana University, Jakarta Indonesia
https://doi.org/10.47191/jefms/v6-i8-39ABSTRACT:
Banking plays a very important and strategic role in supporting national economic development so that banks need to maintain their performance in order to operate optimally. This study aims to obtain empirical evidence regarding the effect of Green Accounting and Firm Size on Bank Performance with Firm Growth as a moderating variable. The population in this study are banking companies listed on the Indonesia Stock Exchange (IDX) for 2019-2021 and consistently publishing their annual reports and sustainability reports on the Indonesian Stock Exchange website. The samples used in this study were 37 out of 40 companies that met the criteria. The sampling technique used is purposive sampling method. Data analysis used in this study using multiple linear regression analysis with the EViews software. The results of this study indicate that the green accounting variable as measured by the green banking index has a negative effect on bank performance. Meanwhile, the firm size variable as measured by the natural logarithm of total assets has a positive effect on bank performance. The moderating variable, namely firm growth as measured by asset growth, weakens the relationship between green accounting and firm size on bank Performance.
KEYWORDS:
Green Accounting, Firm Size, Bank Performance, Firm Growth
REFERENCES:
1) Adnan, A., Ridwan, R., & Fildzah, F. (2016). Pengaruh Ukuran Bank, Dana Pihak Ketiga, Capital Adequacy Ratio, dan Loan To Deposit Ratio Terhadap Penyaluran Kredit Pada Perusahaan Perbankan yang Terdaftar Di Bursa Efek Indonesia Tahun 2011- 2015. Jurnal Dinamika Akuntansi Dan Bisnis, 3(2), 49–64.2) Almaududi. (2019, September 30). Bank dan Pencemaran Lingkungan.
3) Anandamaya, L. P. V., & Hermanto, S. B. (2021). Pengaruh Good Corporate Governance, Ukuran Perusahaan Dan Leverage Terhadap Kinerja Keuangan. Jurnal Ilmu Dan Riset Akuntansi (Jira), 10(5).
4) Angelina, M., & Nursasi, E. (2021). Pengaruh Penerapan Green Accounting Dan Kinerja Lingkungan Terhadap Kinerja Keuangan Perusahaan. Jurnal Manajemen Dirgantara, 14(2), 211–224.
5) Aniela, Y. (2012). Peran Akuntansi Lingkungan Dalam Meningkatkan Kinerja Lingkungan Dan Kinerja Keuangan Perusahaan. Berkala Ilmiah Mahasiswa Akuntansi, 1(1).
6) Azmy, A. (2018). Analisis Pengaruh Rasio Kinerja Keuangan Terhadap Profitabilitas Bank Pembiayaan Rakyat Syariah Di Indonesia. Jurnal Akuntansi, 22(1), 119–137.
7) Azzahra, A. S., & Wibowo, N. (2019). Pengaruh Firm Size Dan Leverage Ratio Terhadap Kinerja Keuangan Pada Perusahaan Pertambangan. Jurnal Wira Ekonomi Mikroskil, 9(1), 13–20.
8) Chege, L. M., & Bichanga, J. (2017). Non-Performing Loans and Financial Performance of Banks: An Empirical Study of Commercial Banks in Kenya. International Journal of Management and Commerce Innovations, 4(2), 909–991.
9) Choiriah, S. (2020). The Effect of Stakeholder Power, Board Gender Diversity and Human Capital on Environmental Disclosure with Board Independent as Moderation Variable. Human resources, 11(12).
10) Choiriah, S., & Lysandra, S. (2022). Effect of Green Accounting, Intellectual Capital on Financial Performance, and Competitive Advantage as moderating variables. Technium Soc. Sci. J., 34, 362..
11) Choiriah, S., & Lysandra, S. (2023). Effect of Green Accounting, Quality Management on Financial Performance, and Green Innovation as Moderation Variables. Journal of Economics, Finance and Management Studies, 6(07), 3534-3542
12) Choiriah, S. Ria (2021). The Effect of Carbon Emission Disclosure and Social Performance on Financial Performance, with Firm Growth as Moderation. Saudi J Econ Fin, 5(5), 205-212..
13) Damayanti, A. C., & Mawardi, W. (2022). Pengaruh Ukuran Bank (SIZE), Loans to Deposit Ratio (LDR), Capital Adequacy Ratio (CAR), Non-Performing Loans (NPL), Diversifikasi Pendapatan, Dan BOPO Terhadap Kinerja Bank Di Indonesia (Studi pada Bank Umum Konvensional yang Terdaftar di BEI Tahun 2016-2020). Diponegoro Journal of Management, 11(1).
14) Deb, B. C., Saha, S., & Rahman, M. M. (2020). Does Green Accounting Practice Affect Bank Performance? A Study On Listed Banks Of Dhaka Stock Exchange In Bangladesh. PalArch’s Journal of Archaeology of Egypt/Egyptology, 17(9), 7225–7247.
15) Dewi, K. P., & Ramantha, I. W. (2015). Pengaruh Loan Deposit Ratio, Suku Bunga Sbi, Dan Bank Size Terhadap Nonperforming Loan. E-Jurnal Akuntansi Universitas Udayana, 11(3), 909-920.
16) Dwi Putranti, H. R., & Suparmi, S. (2016). Pengaruh Kemasan Ramah Lingkungan dan Informasi Terhadap Minat Beli Ulang (Studi Konsumen AMDK Kota Semarang). Prosiding Seminar Nasional INDOCOMPAC.
17) Fauzi, A. F., & Puspitasari, E. (2021). Pengaruh Struktur Modal, Ukuran Perusahaan, Likuiditas dan Pertumbuhan Aset terhadap Kinerja Keuangan Perusahaan yang Terdaftar di Jakarta Islamic Index (JII) Periode 2018-2020. Edunomika, 5(2), 1130–1141.
18) Ghozali, I. (2005). Analisis Multivariate dengan program SPSS. Semarang: Badan Penerbit Universitas Diponegoro.
19) Gupta, P. D., Guha, S., & Krishnaswami, S. S. (2013). Firm growth and its determinants. Journal of innovation and entrepreneurship, 2, 1-14.
20) Harahap, S. S. (2011). Analisis kritis atas laporan keuangan.
21) Irawati, N., Maksum, A., Sadalia, I., & Muda, I. (2019). Financial Performance Of Indonesian’s Banking Industry: The Role Of Good Corporate Governance, Capital Adequacy Ratio, Non Performing Loan And Size. International Journal of Scientific and Technology Research, 8(4), 22–26.
22) Iskandar, M., & Zulhilmi, M. (2021). Pengaruh Likuiditas dan Ukuran Perusahaan Terhadap Kinerja Keuangan Bank Umum Syariah di Indonesia. Journal of Sharia Economics, 2(1), 59–78.
23) Kang, T., & Eum, W. (2022). Relationship Between Firm Size And Firm Growth: Evidence From Korean Manufacturing Firms. The Singapore Economic Review, 1–24.
24) Karyani, E., & Obrien, V. V. (2020). Green Banking and Performance: The Role of Foreign and Public Ownership. Jurnal Dinamika Akuntansi Dan Bisnis, 7(2), 221–234.
25) Kasmir. (2014). Analisis Laporan Keuangan. PT. Rajagrafindo.
26) Khamilia, N., & Nor, W. (2022). Faktor-Faktor Dalam Meningkatkan Pengungkapan Green Banking. Juara: Jurnal Riset Akuntansi, 12(1), 1–23.
27) Klapper, L. F., & Love, I. (2004). Corporate Governance, Investor Protection, And Performance In Emerging Markets. Journal of Corporate Finance, 10(5), 703–728.
28) Lako, A., & Sumaryati, A. (2018). Kerangka Konseptual dan Aplikasi Akuntansi Hijau. Salemba Empat.
29) Mabruroh, M., & Anwar, S. (2022). Pengaruh Green Accounting, Ukuran Perusahaan, Dan Leverage Terhadap Financial Performance Dengan Nilai Perusahaan Sebagai Variabel Moderasi. COSTING: Journal of Economic, Business and Accounting, 5(2), 1776–1778.
30) Mappanyuki, R., & Sari, M. (2017). The Effect Of Sales Growth Ratio, Inventory Turnover Ratio, Growth Opportunity To Company’s Profitability (Survey In Indonesia’s Stocks Exchange). International Journal of Management and Applied Science, 3(3), 139–147.
31) Mawardi, W. (2005). Analisis Faktor-Faktor yang Mempengaruhi Kinerja Keuangan Bank Umum di Indonesia ( Studi kasus Pada Bank Umum dengan total Asset Kurang Dari 1 Triliun ). Jurnal Bisnis Strategi, 14, 1.
32) Meiyana, A., & Aisyah, M. N. (2019). Pengaruh Kinerja Lingkungan, Biaya Lingkungan, Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Dengan Corporate Social Responsibility Sebagai Variabel Intervening. Nominal Barometer Riset Akuntansi Dan Manajemen, 8(1), 1–18.
33) Mitid, P., & Rakid, S. (2017). Social Finance And Social Banking: A Path Towards A More Sustainable Future. Review of Applied Socio-Economic Research, 108–119.
34) Muhindi, K. A., & Ngaba, D. (2018). Effect Of Firm Size On Financial Performance On Banks: Case Of Commercial Banks In Kenya. International Academic Journal of Economics and Finance, 3(1), 175–190.
35) Muttakin, M. B., & Ullah, S. (2012). Corporate Governance And Bank Performance: Evidence From Bangladesh. Corporate Board: Role, Duties & Composition, 8(1).
36) Ningsih, W. F., & Rachmawati, R. (2017). Implementasi Green Accounting dalam Meningkatkan Kinerja Perusahaan. JABE (Journal of Applied Business and Economic), 4(2), 149–158.
37) Nurlis, N. (2019). Carbon Emission Disclosure in the Proper Rating Company's Annual Financial Statements in Indonesia Stock Exchange. Carbon, 10(12).
38) Pryobudi, P., Atim, D., & Risna, W. (2017). The Role Of Efficiency As Mediator For The Influence Of Firm Size On Financial Performance Of Banking That Do Merger And Acquisition In Indonesia. Russian Journal of Agricultural and Socio-Economic Sciences, 67(7), 195–209.
39) Rachmawati, M. F. (2013). Analisis Pengaruh Pertumbuhan Dana Pihak Ketiga, Loan to Deposit Ratio Non Performing Loan, Biaya Operasional, dan Net Interest Margin terhadap Profitabilitas Bank. Jurnal Akuntansi Dan Keuangan. Malang: Universitas Brawijaya.
40) Regehr, K., & Sengupta, R. (2016). Has The Relationship Between Bank Size And Profitability Changed? Economic Review (01612387), 101(2).
41) Riyadh, H. A. (2020). The Analysis Of Green Accounting Cost Impact On Corporations Financial Performance. International Journal of Energy Economics and Policy.
42) Sari, E. H. (2017). Pengaruh Struktur Modal, Ukuran Perusahaan, Pertumbuhan Aset Perusahaan Terhadap Kinerja Keuangan Perusahaan Yang Terdaftar Dalam Jakarta Islamic Index Tahun 2012-2015. Surakarta: IAIN Surakarta.
43) Setiawan, R., & Pratama, A. A. P. (2019). Modal, Tingkat Likuiditas Bank, NPL dan Pertumbuhan Kredit Perbankan Indonesia (Capital, Level of Liquidity, NPL and Lending Growth of Indonesian Banks). Matrik: Jurnal Manajemen, Strategi Bisnis Dan Kewirausahaan, 96-107.
44) Setiawan, T. (2016). Penerapan Akuntansi Manajemen Lingkungan pada Dua Puluh Lima Perusahaan yang Terdaftar di Indeks Sri Kehati 2013. Jurnal Akuntansi, 9(2), 110–129.
45) Setyawan, B. (2019). Pengaruh Good Corporate Governance, Ukuran Perusahaan Dan Profitabilitas Terhadap Kinerja Keuangan Perusahaan (Studi Empiris Terhadap Perusahaan Sektor Perbankan Di Bursa Efek Indonesia). Jurnal Mitra Manajemen, 3(12), 1195–1212.
46) Shafiquea, A., Kashifb, A. R., Haiderc, A., Zaheerd, N., & Khan, S. (2021). Effect of Asset Utilisation and Corporate Growth on Financial Performance. Int. J. Innov. Creat. Chang, 15, 1104–1118.
47) Shaputra, R. K. (2013). Penerapan Green Marketing Pada Bisnis Produk Kosmetik. Jurnal Jibeka, 7(3), 47–53.
48) Shaumya, S., & Arulrajah, A. (2017). The Impact Of Green Banking Practices On Bank’s Environmental Performance: Evidence From Sri Lanka. Journal of Finance and Bank Management, 5(1), 77–90.
49) Sulistiawati, E., & Dirgantari, N. (2016). Analisis Pengaruh Penerapan Green Accounting Terhadap Profitabilitas Pada Perusahaan Pertambangan Yang Terdaftar Di Bursa Efek Indonesia. Jurnal Reviu Akuntansi Dan Keuangan, 6(1).
50) Ukhriyawati, C. F., & Dewi, R. D. (2019). Pengaruh Struktur Modal, Pertumbuhan Perusahaan Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Pada Perusahaan LQ-45 Yang Terdaftar Di Bursa Efek Indonesia. Equilibiria, 6(1).
51) Ullah, M. H., & Rahman, M. A. (2015). Corporate Social Responsibility Reporting Practices In Banking Companies In Bangladesh: Impact Of Regulatory Change. Journal of Financial Reporting and Accounting.
52) Zhang, Y. (2018). Green Credit Rises the Financial Performance of Commercial Bank--A Case Study on Industrial Bank. 2018 International Conference on Management, Economics, Education and Social Sciences (MEESS 2018), 295–300.
