The Effect Of Physical Environmental Accounting Disclosures, Monetary Environment Accounting And Environmental Performance On Company Value At PTPN XI Gending Sugar Factory

Abstract

Many companies ignore environmental costs because they think that these costs are only limited to supporting the company's operational activities and are not directly related to the production process. Environmental accounting is a term that specializes in financing companies or the government from operational activities which later raise environmental costs and companies are required to pay these costs. The formulation of the problems examined in this thesis are: 1) Do physical environment accounting have a significant effect on firm value? 2) Do monetary environmental accounting have a significant effect on firm value? 3) Doenvironmental performance have a significant effect on company value? 4) Do physical environment accounting, monetary environmental accounting and environmental performance simultaneously have significant effect on firm value? The aims of this research are 1) to analyze the significant of physical environment accounting on firm value. 2) To analyze the significant effect of monetary environmental accounting on firm value. 3) To analyze the significant effect of environmental performance on firm value. 4) To analyze the significant effect of physical environment accounting, monetary environmental accounting and environmental performance simultaneously on firm value. This study uses a quantitative approach to the type of researchfield reseach. The population and sample of this study were the accounting and processing staff of the Gending Sugar Factory, totaling 43 employees by distributing questionnaires to 43 respondents using a saturated sample technique. Data analysis tools include validity test, reliability test, classic assumption test and multiple linear regression analysis, hypothesis testing and coefficient of determination test (R2) with the help of the SPSS program Statistics version 22. This study can be concluded that partially the physical and monetary environmental accounting variables have a significant effect on firm value. Physical environment accounting variable value tcount3,098 > ttable 2.022, significant value 0.004 <0.05, monetary environmental accounting variable t valuecount7,271 > ttable 2.022, a significant value of 0.000 <0.05. The environmental performance variable has no significant effect on firm value where the value of tcount-1,764< ttable 2.022 significant value 0.086 > 0.05. While simultaneously the variables of physical environmental accounting, monetary environmental accounting and environmental performance have a positive and significant effect on firm value with a value of Fcount 24,883 > Ftable2.855 and a significant value of 0.000 <0.05.