Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Bima Journal : Business, Management and Accounting Journal
Vito Apriyanto
Universitas Bina Nusantara
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Beyond Compliance: Integrating Carbon Risk Management for Sustainable Growth in Indonesia Dedi Haryadi; Hengky Leon; Vito Apriyanto; Ricky Ricky
BIMA Journal (Business, Management, & Accounting Journal) Vol. 7 No. 1 (2026)
Publisher : Perkumpulan Dosen Muda (PDM) Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37638/bima.7.1.799-806

Abstract

Purpose: This study aims to examine the effect of carbon risk on the sustainable growth rate (SGR) of non-financial companies listed on the Indonesia Stock Exchange during 2021–2024. The research is important as climate-related risks increasingly influence corporate sustainability and long-term performance, particularly in emerging markets. Methodology: The methodology employs a quantitative approach using purposive sampling, resulting in 138 firms (552 firm-year observations). Data were analyzed using regression with Robust Least Squares (RLS) to address heteroscedasticity. Results: The results show that carbon risk has a negative and significant effect on sustainable growth, indicating that higher carbon emissions reduce firms’ growth potential. Additionally, financial performance indicators—ROA, DER, TATO, and firm size—positively influence SGR. Findings: The findings highlight that carbon risk not only affects financial stability but also constrains long-term corporate growth. Novelty: The novelty of this study lies in linking carbon risk directly to sustainable growth rate, a relationship rarely explored in prior literature. Originality: Its originality is reflected in the focus on non-financial firms in Indonesia as a developing country context. Conclusion: In conclusion, effective carbon risk management is crucial for sustaining corporate growth. The study provides implications for policymakers and managers to strengthen environmental strategies and reporting practices. Type of Paper: Research article
Co-Authors Dedi Haryadi Hengky Leon Ricky Ricky