THE EFFECT OF GREEN ACCOUNTING, CAPITAL STRUCTURE, AND DIVIDEND POLICY ON FIRM VALUE

Abstract

This research is a quantitative research on non-financial sector company that listed in Indonesian Stock Exchange between 2020-2022. This research aims to examine and analyze the influence of green accounting, capital structure, and dividend policy toward firm value controlled by firm size. Population of this research is 792 companies but only 30 companies selected with purposive sampling technique as a sample. Using 3 years period of observation, the total data are 90 samples. Because of 14 outlier data in this research, finally the total data are to be analyzed 76. We test the hypothesis using eviews. The result found that green accounting has a significant positive effect on firm value, capital structure has a significant negative effect on firm value, dividend policy and firm size has no positive effect on firm value. The implication of this research include expectation to companies with unfavorable PROPER ratings to enhance green accounting since it has a positive effect, so that it can increase the value of the company. Additionally, companies should be able to focus on attempts to fulfil their social responsibility to creditors and investors.