Purwohawati Yuliana, Postgraduate Student, Faculty of Economy, Sriwijaya University, Palembang, Indonesia

ORCID ID: 0000-0002-1401-7693
e-mail: yulianapurwohawati@gmail.com

Robiani Bernadette, Professor of Economics, Lecturer at Faculty Economy, Sriwijaya University, Palembang, Indonesia

ORCID ID: 0000-0002-9098-4319
e-mail: bernadetterobiani64@yahoo.co.id

Meutia Inten, Doctor of Economics, Lecturer at Faculty Economy, Muhammadiyah Palembang University, Palembang, Indonesia

ORCID ID: 0000-0002-2418-0283
e-mail: inten26@yahoo.com

Green Accounting Practice on Corporate Performances

Abstract. Introduction. The low awareness of the industry in the application of the green industry through green accounting because when viewed in general as 2 sides of a coin, on the one side will bring benefits to the industry but on the other hand as if it would lead to the potential for increased costs, through environmental costs. The population is 184 industrial companies both state-owned enterprises and public companies. The sampling technique uses purposive sampling so that the samples obtained are 18 public companies. The data used in this study are historical data, such as financial data, earnings per share data and stock valuation in companies that apply green accounting and listings on the Indonesia Stock Exchange.

Purpose. The purpose of this study is to determine the effect on earnings per share and stock valuation before and after the adoption of green accounting.

Results. The results of the study concluded that there are significant differences and a positive effect between earnings before the application of green accounting and earnings after the application of green accounting. For the application of green accounting on stock price there is no significant difference between the stock price before and stock valuation after the adoption of green accounting, because there are three publicly traded companies that sell initial shares (IPOs) at the time of applying green accounting.

Conclusions. There are significant differences and a positive effect between earnings before the application of green accounting and earnings after the application of green accounting. For the application of green accounting on stock price there is no significant difference between the stock price before and stock valuation after the adoption of green accounting.

Keywords: earnings per share; stock valuation; green accounting; company performance.

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