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A REVIEW OF GREEN ACCOUNTING, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, FINANCIAL PERFORMANCE AND FIRM VALUE LITERATURE
Abstract
Environmental accounting is a combination of all environmental costs into the company’s financial statements and its important to carry out sustainable development because it must commit to carrying out its social and environmental responsibilities. The company’s current success is measured based on its financial performance and the social and environmental aspects, and one of the indicators is social responsibility performance. The relationship between Corporate Social Responsibility disclosure is measured by the profitability ratio, namely Return On Asset and Return On Equity, while CSR is a strategy to increase firm value. It is very interesting to discuss the relationship between green accounting, Corporate Social Responsibility, Return On Asset, Return On Equity and firm value. Thus, this study aims to comprehend the relationship between green accounting, Corporate Social Responsibility, Return On Asset, Return On Equity, and firm value. A total of 30 peer-reviewed articles have been reviewed and analysed, resulting in a finding in the previous article’s literature. This study’s finding is green accounting and CSR significantly affects financial performance, impacting firm value. In conclusion, the application of green accounting affects increasing profits. Another advantage of reducing insurance costs and capital costs can reduce total production costs, potentially increasing profits. A company with a good CSRD will certainly create a positive image and reputation among investors. It makes investors focus on the company’s financial performance in considering investment decisions and corporate social activities. So that many investors interested in investing their capital to increase the company’s profitability. High profitability reflects the company’s ability to get high profits for shareholders. The greater the profit obtained, the greater its ability to pay its dividends, which impacts firm value.
Keyword:
Environmental accounting, Corporate Social Responsibility, Return On Asset, Return On Equity and Firm Value