Pengaruh Kepemilikan Institusional, Kinerja Lingkungan, Profitabilitas, dan Pertumbuhan Terhadap carbon emission disclosure

Abstract

This study examines the effect of institutional ownership, environmental performance, profitability, and growth on the disclosure of carbon emissions. Institutional ownership is measured by calculating the shares owned by the institution divided by the company's outstanding shares, environmental performance is measured by ownership of ISO 14001 certification, profitability is measured by return on assets, and growth is measured by profit growth. This research was conducted on non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) in 2016, 2017, 2018, 2019, and 2020. Using the purposive sampling method, the final sample is 55 firm-years observation. The test of hypotheses was conducted by using multiple regression analysis. Results show that institutional ownership, environmental performance, and growth have no effect on the Disclosure of Carbon Emissions. Profitability affects the Disclosure of Carbon Emissions, but the direction of the relationship between profitability and disclosure of carbon emissions is negative. Overall, the findings suggest that Companies that earn high profits will only prioritize the interests of the company and will tend to ignore the disclosure of carbon emissions because the company is more focused on