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Does Financial Performance Mediate the Impact of Green Accounting and Environmental Performance on Firm Value? Muhammad Rezi Sudimas; Ramdany Ramdany; Heri Ispriyahadi
Journal of Governance Risk Management Compliance and Sustainability Vol. 3 No. 1 (2023): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v3i1.1487

Abstract

Different environmental issues globally stem from businesses not being accountable for their actions and their effect on nature. Companies taking responsibility by covering their environmental expenses can lower future costs. This paper aims to examine whether financial performance mediates the impact of green accounting and environmental performance on firm value. The approach is quantitative methods using a causality design, applying purposive sampling to test the relationship between variables. The study employs panel data from 2016 to 2021, involving 83 companies, and utilizes path analysis as its analytical method. Based on the findings, it is found that green accounting and environmental performance affect financial performance. While green accounting, environmental and financial performance affect firm value. The relationship between green accounting, environmental performance, and firm value is not mediated by financial performance. It shows that the business is increasing environmental costs and participating in the PROPER award can carry out activities that do not directly harm the environment, and the company is environmentally conscious. This condition fits the legitimacy and stakeholder theory. If the business can focus on environmental management, the community will accept it well, and the company will have a good reputation. High trust and loyalty enhance the company's profits and value. This study varies from other research in that it comprehensively examines the effects of green accounting and environmental performance, both direct and indirect, on financial performance and firm value.
Peran Pendidikan dalam Memoderasi Pengaruh Literasi Keuangan, Inklusi Keuangan dan Digitalisasi Keuangan terhadap Keberlanjutan Usaha Mikro Kecil dan Menengah (UMKM) di Jakarta Pusat Siti Mariyam; Heri Ispriyahadi
Jurnal Ragam Pengabdian Vol. 3 No. 2 (2026): Mei-Agustus, Sustainable Development Goals (SDGs): Multidisciplinary Perspectiv
Publisher : Lembaga Teewan Journal Solutions

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62710/v8673m25

Abstract

This study aims to analyze the effects of financial literacy, financial inclusion, and financial digitalization on the sustainability of Micro, Small, and Medium Enterprises (MSMEs) in Central Jakarta and to examine the role of education as a moderating variable, motivated by the low capability of MSME owners in managing finances and utilizing formal financial services. This research employs a quantitative approach using a survey method by distributing questionnaires to 210 MSME owners operating in Central Jakarta, with data analyzed using Structural Equation Modeling (SEM). The results indicate that financial literacy, financial inclusion, and financial digitalization have positive and significant effects on MSME sustainability, suggesting that improved financial understanding, access to formal financial services, and the utilization of digital financial technology enhance business stability and resilience. Education does not strengthen the relationship between financial literacy and MSME sustainability; however, it significantly strengthens the effect of financial inclusion on MSME sustainability and significantly moderates the relationship between financial digitalization and MSME sustainability with a negative direction. This study is limited to MSMEs located in Central Jakarta and relies on perception-based data, which restricts the generalizability of the findings, yet it provides empirical contributions to the development of MSME empowerment policies and strategies focusing on financial literacy, financial inclusion, and financial digitalization.
Pengaruh Pengalaman Kerja, Uang Saku,Penghasilan Orang Tua Terhadap Pengelolaan Keuangan Mahasiswa Dengan Literasi Keuangan Sebagai Variabel Intervening ( Studi Kasus Mahasiswa Universitas Teknologi Muhammadiyah Jakarta) Alvina Maharani; Heri Ispriyahadi
Jurnal Ragam Pengabdian Vol. 3 No. 2 (2026): Mei-Agustus, Sustainable Development Goals (SDGs): Multidisciplinary Perspectiv
Publisher : Lembaga Teewan Journal Solutions

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62710/eck92797

Abstract

Effective financial management is an essential competency for university students in making sound financial decisions. This study aims to analyze the direct and indirect effects of work experience, allowance, and parental income on students' financial management, with financial literacy serving as an intervening variable. This study employed a quantitative approach involving 153 active students of Muhammadiyah University of Technology Jakarta selected through purposive sampling. Data were collected using a questionnaire that had met the validity and reliability requirements and were analyzed using Structural Equation Modeling (SEM) with SmartPLS 4. The results indicate that work experience, allowance, and parental income have a positive and significant effect on financial literacy. Furthermore, allowance and parental income have a positive and significant effect on students' financial management, whereas work experience has no significant effect. Financial literacy significantly mediates the relationship between allowance and parental income and students' financial management, but it does not mediate the relationship between work experience and students' financial management. These findings highlight the important role of financial literacy in strengthening students' financial management, particularly through the influence of allowance and parental income.