Pengaruh Green Investment, Environmental Performance, Carbon Emission Disclosure, dan Return on Asset terhadap Return Saham
Abstract
Abstract
Stock returns are the returns investors receive on their stock investments and are a crucial factor influencing decision-making, particularly in the mining sector, which faces high environmental risks and volatile financial performance. Therefore, the purpose of this study is to determine the effect of Green Investment, Environmental Performance, Carbon Emission Disclosure, and Return on Assets on Stock Returns. This study uses a quantitative approach with secondary data sources and a sample of 11 companies obtained through purposive sampling. The data analysis method is panel data regression analysis with the assistance of Eviews 13 software. The novelty of this study lies in its focus on the mining sector at ISSI, its relevance to sharia principles that encourage not only profit-oriented but also environmental concern, and the most recent period, 2021-2024, to present a more up-to-date picture. Based on the results of the data analysis, it is known that Green Investment, Environmental Performance, and Carbon Emission Disclosure have no effect on stock returns, while Return on Assets do.
Keywords: Green Investment; Environmental Performance; Carbon Emission Disclosure; Return on Asset; Stock Return.
Abstrak
Return saham merupakan imbal hasil yang diterima investor atas investasinya di saham dan menjadi salah satu faktor krusial dalam memengaruhi pengambilan keputusan investasi khususnya pada sektor pertambangan yang memiliki risiko lingkungan tinggi dan kinerja keuangan fluktuatif. Tujuan dari penelitian ini adalah untuk mengetahui pengaruh Green Investment, Environmental Performance, Carbon Emission Disclosure, dan Return on Asset terhadap Return Saham. Penelitian ini menggunakan pendekatan kuantitatif dengan sumber data sekunder serta sampel sebanyak 11 perusahaan diperoleh dari pengambilan sampel dengan teknik purposive sampling. Metode analisis data adalah analisis regresi data panel dengan bantuan software Eviews 13. Kebaruan penelitian terletak pada objek yang difokuskan pada sektor pertambangan di ISSI, relevansinya pada prinsip syariah yang mendorong tidak hanya berorientasi laba tetapi peduli lingkungan serta periode terbaru yaitu 2021-2024 agar mampu menyajikan gambaran yang lebih aktual. Berdasarkan hasil analisis data, diketahui Green Investment, Environmental Performance, dan Carbon Emission Disclosure tidak berpengaruh terhadap return saham, sedangkan Return on Asset berpengaruh terhadap return saham.
Kata Kunci: Green Investment; Environmental Performance; Carbon Emission Disclosure; Return on Asset; Return Saham.
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DOI: http://dx.doi.org/10.21043/jebisku.v4i3.6077
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