文章基本信息

标题：Environmental Performance, Carbon Emission Disclosure, and Carbon Emission Intensity on Cost of Equity Capital: An Empirical Study in Indonesia
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作者：MARSELITA Octa ; Lindrianasari Lindrianasari ; ALVIA Liza 等
期刊名称：International Journal of Industrial Distribution and Business
印刷版ISSN：2233-4165
电子版ISSN：2233-5382
出版年度：2021
卷号：12
期号：11
页码：9-16
DOI：10.13106/jidb.2021.vol12.no11.9
语种：English
出版社：Korea Distribution Science Association
摘要：Purpose: Carbon emissions have now become a major concern around the world, especially for the government and private sector. Unfortunately, in Indonesia, disclosure related to company carbon emissions is still done voluntarily. This research aims to provide empirical evidence on the effect of environmental performance, carbon emission disclosure, and carbon emission intensity on the cost of equity capital. Research design, data, and methodology: This research uses secondary data with a sample consisting of Indonesia companies that are sensitive to the environment and listed on the Indonesia Stock Exchange in 2017-2019. The analytical tool used in this research was multiple regression models. Result: The study found a carbon emission disclosure had a significant positive effect on the cost of equity capital. Carbon emission intensity and company size had a significant negative effect on the cost of equity capital. Meanwhile, environmental performance did not have a significant effect on the cost of equity capital. Conclusion: Therefore, the results of this research are expected to provide feedback to the company's stakeholders that environmental performance and carbon emissions are some of the points seen by investors in making investment decisions.
关键词：Carbon Emission Disclosure;Carbon Emission Intensity;Environmental Performance;Cost of Equity Capital