Transformasi Nilai dan Kinerja Keuangan melalui Partisipasi di Bursa Karbon

Muryani Arsal, Abd Haris Pelu, Andi Putri Latifa Paradiba, Amraini Amraini

Sari


Penelitian ini menganalisis dampak partisipasi perusahaan dalam Bursa Karbon Indonesia terhadap kinerja keuangan dan nilai perusahaan dengan pendekatan kuantitatif menggunakan analisis DuPont dan Tobin's Q. Hasil penelitian menunjukkan bahwa partisipasi dalam bursa karbon memberikan dampak positif terhadap nilai perusahaan meskipun diiringi tantangan dalam penyesuaian operasional. Hasil analisis mengindikasikan peningkatan dalam profitabilitas dan valuasi pasar setelah partisipasi. Namun, penelitian juga menemukan adanya tekanan pada struktur biaya perusahaan selama masa transisi. Studi ini memberikan kontribusi pada pemahaman tentang hubungan antara partisipasi bursa karbon dengan kinerja perusahaan di pasar emerging, khususnya dalam konteks transisi energi berkelanjutan.

Teks Lengkap:

Download PDF

Referensi


Aji, S. M. B., Adliawan, I., & Kawahyuning, D. I. (2024). Dampak Pemanfaatan Energi, Perkembangan Ekonomi, danWilayah Hutan terhadap emisi gas rumah kaca di AS, Rusia,Cina, dan Brasil. Jurnal Ekonomi Manajemen Dan Sosial, 7(1), 11–25. https://ojs.ejournalunigoro.com/index.php/JEMeS

Aydıngülü Sakalsız, S., & Özçelik, M. (2024). The Impact of Firms’ Carbon Emissions on Financial Performance and the Role of Innovation: Evidence from Türkiye. Mehmet Akif Ersoy Üniversitesi İktisadi ve İdari Bilimler Fakültesi Dergisi. https://doi.org/10.30798/makuiibf.1414190

Chen, S., Li, Y., & Yao, Q. (2018). The health costs of the industrial leap forward in China: Evidence from the sulfur dioxide emissions of coal-fired power stations. China Economic Review, 49, 68–83. https://doi.org/10.1016/j.chieco.2018.01.004

Fais, A., Irfandianto, M., & Prakoso, B. (2023). Kebijakan Hukum Bursa Karbon terhadap Perkembangan Green Investment di Indonesia. Lex Economica Journal, 1(2), 13–26. https://walhibali.org/lembar-informasi-2/

Kurniawati, S., Yeni, Putra, W., & Lestari, N. (2022). Eksternalitas Kegiatan Perusahaan Kelapa Sawit. Prosiding Seminar Nasional Seminar Akademik Tahunan Ilmu Ekonomi Dan Studi Pembangunan, 5, 212–219. https://www.mendeley.com/catalogue/0138c5f9-e59e-3094-9692-c89543ee5841/?utm_source=desktop&utm_medium=1.19.8&utm_campaign=open_catalog&userDocumentId=%7B031f3fbc-d84d-4c24-b579-5a80d45eac78%7D

Lanoie, P., Laurent‐Lucchetti, J., Johnstone, N., & Ambec, S. (2011). Environmental Policy, Innovation and Performance: New Insights on the Porter Hypothesis. Journal of Economics & Management Strategy, 20(3), 803–842. https://doi.org/10.1111/j.1530-9134.2011.00301.x

Lin, B., & Jia, Z. (2020). Why do we suggest small sectoral coverage in China’s carbon trading market? Journal of Cleaner Production, 257, 120557. https://doi.org/10.1016/j.jclepro.2020.120557

Liu, G., Chen, Y., & He, H. (2012). China’s environmental challenges going rural and west. Environment and Planning A: Economy and Space, 44(7), 1657–1660. https://doi.org/10.1068/a45162

Naranjo Tuesta, Y., Crespo Soler, C., & Ripoll Feliu, V. (2020). The Influence of Carbon Management on the Financial Performance of European Companies. Sustainability, 12(12), 4951. https://doi.org/10.3390/su12124951

Niu, B., Xie, F., Mu, Z., & Ji, P. (2020). Multinational firms’ local sourcing strategies considering unreliable supply and environmental sustainability. Resources, Conservation and Recycling, 155, 104648. https://doi.org/10.1016/j.resconrec.2019.104648

Oestreich, A. M., & Tsiakas, I. (2015). Carbon emissions and stock returns: Evidence from the EU Emissions Trading Scheme. Journal of Banking & Finance, 58, 294–308. https://doi.org/10.1016/j.jbankfin.2015.05.005

Park, H., Khue, P. M., & Lee, J. (2024). The effects of carbon emissions trading on profitability and value: Evidence from Korean listed firms. Journal of International Financial Management & Accounting, 35(3), 760–799. https://doi.org/10.1111/jifm.12211

Pearse, R., & Böhm, S. (2014). Ten reasons why carbon markets will not bring about radical emissions reduction. Carbon Management, 5(4), 325–337. https://doi.org/10.1080/17583004.2014.990679

Porter, M. E., & Linde, C. Van Der. (1995). Toward a New Conception of the Relationship. 9(4), 97–118.

Putu Dian Pusparini, I Gede Widyana, Salsabila Zera Pharresia, & M. Hit Fawlung. (2023). Analisis Penerapan Pajak Karbon Dan Ulez Terhadap Penurunan Emisi Karbon Di Indonesia. Jurnal Pajak Indonesia, 7(1), 57–66.

Rocha, J., Oliveira, S., Viana, C. M., & Ribeiro, A. I. (2022). Climate change and its impacts on health, environment and economy. In One Health (pp. 253–279). Elsevier. https://doi.org/10.1016/B978-0-12-822794-7.00009-5

Sekretariat Kabinet RI. (2024). Luncurkan Bursa Karbon Indonesia, Presiden: Kontribusi Nyata Indonesia Hadapi Perubahan Iklim. https://setkab.go.id/

Tanveer, U., Ishaq, S., & Hoang, T. G. (2024). Enhancing Carbon Trading Mechanisms through Innovative Collaboration: Case Studies from Developing Nations. Journal of Cleaner Production, 144122. https://doi.org/10.1016/j.jclepro.2024.144122

Wang, E., Nie, J., & Zhan, H. (2022). The Impact of Carbon Emissions Trading on the Profitability and Debt Burden of Listed Companies. Sustainability, 14(20), 13429. https://doi.org/10.3390/su142013429

Wang, K., Zhang, X., Yu, X., Wei, Y.-M., & Wang, B. (2016). Emissions trading and abatement cost savings: An estimation of China’s thermal power industry. Renewable and Sustainable Energy Reviews, 65, 1005–1017. https://doi.org/10.1016/j.rser.2016.07.051




DOI: https://doi.org/10.37531/mirai.v10i1.8738

Refbacks

  • Saat ini tidak ada refbacks.


Flag Counter

Creative Commons License

JURNAL MIRAI MANAGEMENT is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Web Analytics