<![CDATA[This study aims to analyze the effect of Green Accounting on firm value with profitability as an intervening variable in basic and chemical industry companies listed on the Indonesia Stock Exchange during the 2020–2024 period. Green Accounting is measured through environmental cost disclosure, profitability is proxied by Return on Equity (ROE), and firm value is represented by Price to Book Value (PBV). The research employs a quantitative approach using panel data regression and mediation testing with the Sobel method. The sample was selected using purposive sampling based on predetermined criteria. The results show that Green Accounting has no significant effect on profitability, indicating that environmental accounting practices have not yet contributed to short-term financial performance. However, Green Accounting has a positive and significant effect on firm value, suggesting that environmental transparency is appreciated by investors and positively influences market perception. Profitability also has a positive and significant effect on firm value, meaning that a company’s ability to generate profit remains a key determinant in market valuation. Furthermore, profitability is unable to mediate the relationship between Green Accounting and firm value due to the insignificant effect of Green Accounting on profitability. Thus, the influence of Green Accounting on firm value is direct rather than mediated through profitability.]]>
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