PENGARUH GREEN ACCOUNTING, LEVERAGE, DAN UKURAN PERUSAHAAN TERHADAP KINERJA KEUANGAN

Abstract

Companies listed on the IDX in the processed food and soft drink industry, as well as those in the food and beverage sub-sector in general, will be the focus of this study, which seeks to examine the impact of green accounting, leverage, and company size on financial performance from 2021 to 2024. A quantitative methodology with an associative research type was used in this study. A total of 12 companies with 48 observations were included in the sample, selected using purposive sampling. After collecting secondary data from official government papers, sustainability reports, and annual reports, multiple linear regression was used to assess the data. Company size was shown to have no effect on financial performance, while leverage had a significant negative effect, green accounting had a positive but insignificant effect, and business size had no effect at all. Financial performance was significantly influenced by all three elements simultaneously. The novelty of this study lies in its focus on the processed food industry by replacing the environmental performance variable in previous studies with leverage. The study's conclusion confirms that although green accounting and company size have not been proven to be partially significant, all three variables together remain important in explaining variations in financial performance. Recommendations for further research are to expand the sample to other sectors and extend the observation period so that the results can be more general and reflect long-term conditions.