Faktor-Faktor yang Mempengaruhi Kinerja Keuangan di Industri Energi

Abstract

This study aims to examine the factors that influence financial performance in the energy industry including environmental disclosure, environmental management systems, asset management, and capital structure. This study was conducted with an observation period of 2021–2023 using a quantitative method with a causal associative approach. The type of data used is secondary data with a research sample consisting of 71 companies. The samples were selected using saturated sample method with observation period of three years. Hypothesis testing was carried out using descriptive statistics and multiple linear regression analysis. The result shows that partially, environmental disclosure have no influence on financial performance. However, environmental management systems and asset management have a positive and significant effect on financial performance, while capital structure has a significantly negative no influence on financial performance. Simultaneously, the four independent variables collectively influence financial performance.