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SALES GROWTH, EARNINGS VOLATILITY, AND GREEN ACCOUNTING ON STOCK PRICES (EVIDENCE FROM INDONESIA’S NON-CYCLICALS CONSUMER SECTOR) Adi, Maria Paramastri Hayuning; Suroso, Amin; Suci, Patricia Paramitha
Stability: Journal of Management and Business Vol 7, No 1 (2024)
Publisher : Universitas PGRI Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26877/sta.v7i1.19883

Abstract

This research aims to examine the indicators that determine stock prices. This study uses sample data in the form of 114 company data in the consumer non-cyclical sector listed on the Indonesia Stock Exchange during 2020-2022. These companies were chosen because Indonesia was affected by the Covid-19 pandemic and companies in this sector were categorized as fairly stable companies so investors were interested in their shares. The indicators used are sales growth, profit volatility, and green accounting. The analysis method used is multiple linear regression analysis using SPSS 29 software. The results of this study indicate that profit volatility has a significant effect on stock prices. In contrast, sales growth and green accounting do not have a substantial effect on stock prices. It is recommended to include additional indicators in various business sectors for further research. Keywords : Corporate Sustainability; Green Accounting; Sales Growth; Profitability 
To Retrench or Invest? Evaluating the Turnaround and Recovery Strategies of Indonesia MNEs through Data Science Approaches Abdillah, Willy; Nofiani, Delly; Adi, Maria Paramastri Hayuning; Marlina, Eka
Journal of Applied Data Sciences Vol 5, No 3: SEPTEMBER 2024
Publisher : Bright Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47738/jads.v5i3.270

Abstract

This study aims to investigate the turnaround and recovery strategies employed by Ecolab International Indonesia MNEs after facing significant financial decline caused by the COVID-19 pandemic. This research analyzed internal factors, external opportunities, and threats to define effective strategies using a multi-method approach. Qualitative interviews were conducted to identify key themes, supported by examining company publications, especially annual financial reports from 2018 to 2022, to understand economic trends before, during, and after the pandemic. Thematic analysis was utilized to analyze the results, involving coding interview transcripts using ATLAS.ti and validating these themes through member checking to ensure reliability. Our findings show that Ecolab's turnaround strategy (cost reduction, enhancing value in sustainability, restructuring leadership, and organizational culture) was essential in addressing immediate and long-term challenges. The recovery strategy (operational and financial strategies, strategic focus area, regulatory and market dynamics) helped the company navigate the pandemic's impact and its position for sustainable growth. This study breaks new ground by integrating sustainability into strategic frameworks, aligning with global trends. Offering fresh perspectives enhances the relevance and value of MNEs' corporate strategy research in emerging markets. Additionally, our findings provide actionable insights for other companies to effectively incorporate sustainable practices into their turnaround and recovery strategies, ensuring long-term growth and regulatory compliance.
THE BUSINESS VALUE OF GOING GREEN: ASSESSING THE IMPACT OF ENVIRONMENTAL INNOVATION AND FINANCIAL INDICATORS IN INDONESIA’S ENERGY SECTOR COMPANIES Adi, Maria Paramastri Hayuning; Hugoyantoro, Songgo Buwono; Kartikasary, Metya; Andini, Sophia
JURNAL AKUNTANSI UNIVERSITAS JEMBER Vol. 23 No. 1 (2025)
Publisher : Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/jauj.v23i1.53688

Abstract

ABSTRACTThis research aims to examine the effect of green innovation, profitability, and firm size on the firm value of Indonesian energy sector companies during the 2018–2023 period. The research is motivated by the growing importance of green innovation for encouraging environmental sustainability in energy sector companies. This research combine green innovation and financial indicators for increasing firm value. Using a sample of 66 data, the study employs panel regression analysis through Eviews software. The findings reveal that green product innovation have a significant positive impact on firm value. In contrast, green process innovation, profitability and firm size do not show a significant effect. The practical implications of this research related to the sustainability of energy sector companies are the importance of product innovation to optimize resources and minimize the negative impacts of carbon and pollution produced.Keywords: Firm Value; Green process innovation; Green product innovation; Profitability; Corporate Sustainability ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh green innovation, profitabilitas, dan ukuran perusahaan terhadap nilai perusahaan sektor energi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2018-2023. Penelitian ini dilakukan karena adanya pentingnya inovasi hijau terhadap keberlanjutan bisnis perusahaan sektor energi di Indonesia. Penelitian ini menggabungkan inovasi hijau dan kinerja keuangan untuk meningkatkan nilai perusahaan sektor energi di Indonesia Dengan menggunakan 66 sampel data, penelitian ini menggunakan analisis regresi data panel dengan software Eviews. Hasil penelitian ini menunjukkan bahwa green product innovation berpengaruh positif terhadap nilai perusahaan. Green process innovation, profitabilitas dan ukuran perusahaan tidak berpengaruh terhadap nilai perusahaan. Implikasi praktis dari penelitian ini terkait dengan keberlanjutan  perusahaan sektor energi adalah pentingnya inovasi produk untuk optimalisasi sumber daya dan meminimalkan dampak negatif dari carbon dan polusi yang dihasilkan.Kata Kunci: Nilai Perusahaan; Inovasi Proses Hijau; Inovasi Produk Hijau; Profitabilitas; Keberlanjutan Perusahaan