Open AccessEnvironmental performance and corporate governance: What we learn from Japan
Author(s) -
Cacik Rut Damayanti,
Nila Firdausi Nuzula,
Sri Sulasmiyati,
Amalia Maharani
Publication year - 2021
Publication title -
jurnal ekonomi dan bisnis
Language(s) - English
Resource type - Journals
eISSN - 2528-0147
pISSN - 1979-6471
DOI - 10.24914/jeb.v24i2.4682
Subject(s) - indonesian , accounting , business , corporate governance , christian ministry , competitive advantage , control (management) , indonesian government , government (linguistics) , finance , economics , marketing , management , philosophy , linguistics , theology
This study aims to acknowledge how environmental performance, corporate governance, competitive advantage, and financial performance-linked each other in Japan. The data used are data from chemical, pharmaceutical, and machinery sub-sector companies listed on the Japan Exchange Group 2013 - 2018. This research was explanatory research using a quantitative approach and implemented Partial least Square (PLS). This study found that the board of directors and firm performance have no significant effect on the company's environmental performance, while corporate control and ownership structure provide a different result. Then, environmental performance and ownership structure have been proven to bring a significant contribution to the company's competitive advantage. Reflecting on Japan, this study suggests several recommendations to the Indonesian Ministry of Environment and Forestry to develop environmental conservation schemes and concepts implemented by public companies in Indonesia and the Indonesian Ministry of Finance to develop applicable environmental accounting concepts for public companies in Indonesia.