Relationship Between Eco-Efficiency on Firm Value Moderated with Profitability and Leverage | Zendy

Danang Satrio | Zendy; Setiawan Kunto | Zendy

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Relationship Between Eco-Efficiency on Firm Value Moderated with Profitability and Leverage

Author(s) -

Danang Satrio,

Setiawan Kunto

Publication year - 2020

Publication title -

ekbis jurnal ekonomi dan bisnis

Language(s) - English

Resource type - Journals

eISSN - 2550-1267

pISSN - 2549-4988

DOI - 10.14421/ekbis.2019.3.1.1180

Subject(s) - profitability index , stock exchange , leverage (statistics) , enterprise value , ordinary least squares , business , market value added , econometrics , stock (firearms) , economics , finance , statistics , mathematics , engineering , mechanical engineering

A large number of potential investors begin to consider the idea of responsible investment social responsibility. However, the debate over whether the value should be added as an environmental consideration for the stock selection process is still being debated. This study tries to improve the efficiency, profitability and leverage hypothesis of firm value. The sample used was 81 manufacturing companies listed on the Indonesia Stock Exchange and sent in 2014-2018 and using the rupiah. The data analysis tool used in this study is multiple linear regression estimated with OLS (Ordinary Least Square). The collected data is then processed and tested using SPSS 22 software. Based on the results of research analyzing the effect of eco-efficiency on firm value with profitability and leverage on the manufacturing industry listed on the Indonesia Stock Exchange during the period 2012 to 2016, it can be concluded that there is a significant positive effect between eco-efficiency on firm value.

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