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Title: :  The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia
PaperId: :  27568
Published in:   International Journal Of Advance Research And Innovative Ideas In Education
Publisher:   IJARIIE
e-ISSN:   2395-4396
Volume/Issue:    Volume 11 Issue 5 2025
DUI:    16.0415/IJARIIE-27568
Licence: :   IJARIIE is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Author NameAuthor Institute
Ni Putu Ayu KusumawatiUniversitas Hindu Indonesia
Sang Ayu Putu Arie IndraswarawatiUniversitas Hindu Indonesia
Ni Wayan YuniasihUniversitas Hindu Indonesia

Abstract

Management Accounting
Environmental Management Accounting, Financial Performance, Company Value
This study aims to analyze the influence of Environmental Management Accounting (EMA) on company value, by examining the role of financial performance as a moderation variable. As global sustainability demands increase, EMA is becoming an important tool for companies to manage their environmental impact and improve their image. However, empirical findings regarding their impact on company value are still mixed. Based on legitimacy theory and stakeholder theory, this study uses a quantitative method with Moderate Regression Analysis (MRA) on 58 manufacturing companies on the Indonesia Stock Exchange. The results of the study show that EMA does not have a significant effect on the value of the company. This indicates that the company's environmental commitment has not fully convinced the market. In contrast, financial performance has a positive and significant effect on a company's value, in line with stakeholder theories that highlight the importance of strong financial signals for investors. The study's main finding is that financial performance significantly strengthens the relationship between EMA and company value. Companies with solid financial conditions have greater resources to invest in environmental initiatives, thus maximizing EMA's positive impact on market appreciation

Citations

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IJARIIE Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. "The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia" International Journal Of Advance Research And Innovative Ideas In Education Volume 11 Issue 5 2025 Page 895-902
MLA Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. "The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia." International Journal Of Advance Research And Innovative Ideas In Education 11.5(2025) : 895-902.
APA Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, & Ni Wayan Yuniasih. (2025). The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia. International Journal Of Advance Research And Innovative Ideas In Education, 11(5), 895-902.
Chicago Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. "The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia." International Journal Of Advance Research And Innovative Ideas In Education 11, no. 5 (2025) : 895-902.
Oxford Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. 'The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia', International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 5, 2025, p. 895-902. Available from IJARIIE, https://ijariie.com/AdminUploadPdf/The_Role_of_Financial_Performance_in_Moderating_the_Relationship_of_Environmental_Management_Accounting_Strategy_to_Value__Companies_in_Indonesia_ijariie27568.pdf (Accessed : ).
Harvard Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. (2025) 'The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia', International Journal Of Advance Research And Innovative Ideas In Education, 11(5), pp. 895-902IJARIIE [Online]. Available at: https://ijariie.com/AdminUploadPdf/The_Role_of_Financial_Performance_in_Moderating_the_Relationship_of_Environmental_Management_Accounting_Strategy_to_Value__Companies_in_Indonesia_ijariie27568.pdf (Accessed : )
IEEE Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih, "The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia," International Journal Of Advance Research And Innovative Ideas In Education, vol. 11, no. 5, pp. 895-902, Sep-Oct 2025. [Online]. Available: https://ijariie.com/AdminUploadPdf/The_Role_of_Financial_Performance_in_Moderating_the_Relationship_of_Environmental_Management_Accounting_Strategy_to_Value__Companies_in_Indonesia_ijariie27568.pdf [Accessed : ].
Turabian Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. "The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia." International Journal Of Advance Research And Innovative Ideas In Education [Online]. volume 11 number 5 ().
Vancouver Ni Putu Ayu Kusumawati, Sang Ayu Putu Arie Indraswarawati, and Ni Wayan Yuniasih. The Role of Financial Performance in Moderating the Relationship of Environmental Management Accounting Strategy to Value Companies in Indonesia. International Journal Of Advance Research And Innovative Ideas In Education [Internet]. 2025 [Cited : ]; 11(5) : 895-902. Available from: https://ijariie.com/AdminUploadPdf/The_Role_of_Financial_Performance_in_Moderating_the_Relationship_of_Environmental_Management_Accounting_Strategy_to_Value__Companies_in_Indonesia_ijariie27568.pdf
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