Pengaruh Green Accounting, Intellectual Capital Dan Corporate Social Responsibilty Terhadap Stock Price
DOI:
https://doi.org/10.37481/jmeb.v6i3.2282Keywords:
Green Accounting, Intellectual Capital, Corporate Social Responsibility, Stock Price, Sri Kehati IndexAbstract
Sustainable business practices have become increasingly important as investors pay greater attention to environmental, social, and intellectual factors when making investment decisions. This condition highlights the need to examine whether sustainability-related information disclosed by companies can influence investor perceptions and stock market performance. This study aims to analyze the influence of green accounting, intellectual capital, and corporate social responsibility on stock prices of companies included in the Sri Kehati Index and listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. This study uses secondary data obtained from annual financial reports published on the official website of the Indonesia Stock Exchange. The analytical method employed is panel data regression using EViews 12 software. Green accounting, intellectual capital, and corporate social responsibility are treated as independent variables, while stock price is the dependent variable. The results indicate that corporate social responsibility partially has a significant effect on stock prices, whereas green accounting and intellectual capital do not have a significant effect. Simultaneously, green accounting, intellectual capital, and corporate social responsibility significantly affect stock prices. These findings indicate that corporate social responsibility is particularly relevant to investors in evaluating companies within the Sri Kehati Index, while sustainability-related factors collectively contribute to stock price performance.
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