EFFECTIVENESS OF IMPLEMENTING GREEN FINANCE, GREEN INVESTMENT, AND ENVIRONMENT COST IN INCREASING COMPANY VALUE IN THE MINING SECTOR

Authors

  • Wina Yusnia Universitas Muhammadiyah Magelang
  • Nur Hidayah Universitas Muhammadiyah Magelang
  • Pranita Siska Utami Universitas Muhammadiyah Magelang

DOI:

https://doi.org/10.29303/distribusi.v12i2.549

Keywords:

Environment Cost, Green Finance, Green Investment

Abstract

Companies cannot solely rely on financial performance but must also consider non-financial performance. The ability to predict environmental impacts allows companies to take anticipatory measures through various sustainable business plans, thereby mitigating risks and preventing greater environmental damage. This study aims to determine the influence of Green Finance, Green Investment, and Environment cost on firm value. Employing a quantitative approach with primary data, the study utilized purposive sampling on a sample of 9 companies and 45data. Multiple linear regression analysis, coupled with classical assumption tests and hypothesis testing, was conducted. The findings reveal that Green Finance exerts a significant positive impact on firm value, while Green Investment demonstrates no significant influence. Environmental costs, however, exhibit a significant positive correlation with firm value. The implications of this research suggest that mining companies ought to prioritize environmental factors to enhance firm value. Collectively, all three factors contribute significantly to firm value.

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Published

2024-09-29

How to Cite

Yusnia, W., Hidayah, N., & Siska Utami, P. . (2024). EFFECTIVENESS OF IMPLEMENTING GREEN FINANCE, GREEN INVESTMENT, AND ENVIRONMENT COST IN INCREASING COMPANY VALUE IN THE MINING SECTOR . Distribusi - Journal of Management and Business, 12(2), 323–338. https://doi.org/10.29303/distribusi.v12i2.549