Analisis Pengaruh Kinerja Lingkungan, Biaya Lingkungan, Ukuran Perusahaan dan Kepemilikan Institusional terhadap Kinerja Keuangan dengan Pengungkapan CSR sebagai Variabel Intervening (Studi Kasus pada Perusahaan Perkebunan yang Terdaftar di BEI Pada Tahun 2019-2022)

Abstract

This research aims to determine the effect of environmental performance, environmental costs, company size, and institutional ownership on financial performance with disclosure of corporate social responsibility as an intervening variable. This is an associative research with the populations of plantation companies listed on the Indonesia Stock Exchange 2019-2022. Using the purposive sampling method, there are 13 companies that met the criteria. The total amount of data is 52 data sets. Data is processed using Smart PLS 4. The results of this study indicate that environmental performance has a positive and significant effect on financial performance, environmental costs have no effect on financial performance, company size has no effect on financial performance, institutional ownership has a positive and significant effect on financial performance, CSR has a positive and significant effect on financial performance, CSR is able to mediate the effect of environmental performance on financial performance, CSR is unable to mediate the relationship between environmental costs and financial performance, CSR is unable to mediate the relationship between company size and financial performance, and CSR is able to mediate the effect of institutional ownership on financial performance.