Effect of Green Accounting Implementation, Environmental Performance and Company Size on Company Financial Performance in Manufacturing Companies in Food And Beverage Sub-Sector Listed On BEI for The Period 2019 - 2023

Abstract

The purpose of this research study is to determine how the financial performance of manufacturing companies in the food and beverage subsector listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023 is affected by the use of green accounting, environmental performance, and company size. Quantitative methods are used in this study to evaluate the relationship between the variables discussed. Partial Least Squares-Structural Equation Modeling (PLS-SEM) approach was applied. The analysis findings show that the application of green accounting significantly and favorably affects financial performance, suggesting that sustainable accounting techniques can increase investor interest and improve cost effectiveness. On the other hand, financial performance is negatively affected by environmental performance, suggesting although investing in environmental issues can enhance a company's reputation, the significant costs involved can adversely affect financial success. However, as larger businesses often have more There is a positive correlation between firm size and financial performance; access to capital and the ability to improve operational efficiency.