The Effect of Green Accounting, Sales Growth, and Firm Size on Stock Prices in Agricultural Companies Listed on the Indonesia Stock Exchange in 2021-2023

Abstract

In a effort to increase Stock Price, management, as representatives of the company’s owners, develops and implements various strategies to manage the company's business operations. However, sometimes the strategies and actions taken by management to maximize profit do not always align with legal values, social norms, or environmental sustainability. This can lead to social and environmental gaps, and even legal violations. A stronger focus by management on economic and business aspects rather than social aspects often draws attention to the company. This study aims to examine and analyze the impact of Green Accounting, Sales Growth, and Firm Size on stock price. The sampling technique used is purposive sampling, and based on the established criteria, 14 agricultural companies listed on the IDX from 2021 to 2023 were selected. This research uses a quantitative approach with data analysis methods including descriptive statistical analysis and panel data regression analysis. The results show that Green Accounting has a positive and significant effect on stock price. Sales Growth has a positive effect on stock price. Firm Size does not have an effect on stock price. This study is expected to be learning material as well as a more in-depth and reference and be able to contribute to further research related to stock price, for companies it can be used as consideration and evaluation material in taking a policy that can pose a risk to the stock price in the future, as well a providing information related to making investment decisions more effectively and efficiently for stakeholders.