Determinasi Nilai Perusahaan: Peran Akuntansi Lingkungan, Leverage, dan Kebijakan Dividen pada Perusahaan Pertambangan di Indonesia
DOI:
https://doi.org/10.30603/ab.v21i1.6467Kata Kunci:
Environmental Accounting, Leverage, Dividend Policy, Firm Value, Mining CompaniesAbstrak
Penelitian ini bertujuan untuk menganalisis pengaruh akuntansi lingkungan, leverage, dan kebijakan dividen terhadap nilai perusahaan, baik secara parsial maupun simultan, pada perusahaan sektor pertambangan yang terdaftar di Bursa Efek Indonesia. Metode yang digunakan adalah pendekatan kuantitatif dengan analisis regresi linear berganda terhadap data sekunder periode 2017–2022. Hasil penelitian menunjukkan bahwa secara parsial, akuntansi lingkungan dan kebijakan dividen berpengaruh positif dan signifikan terhadap nilai perusahaan. Leverage menunjukkan hasil yang bervariasi tergantung pada struktur keuangan masing-masing perusahaan. Secara simultan, ketiga variabel independen mampu menjelaskan 57,8% variabilitas nilai perusahaan (R² = 0,578), yang berarti model ini memiliki daya prediktif yang cukup kuat. Temuan ini mendukung teori stakeholder dan teori sinyal, serta memberikan implikasi penting bagi manajemen, investor, dan regulator dalam menyusun strategi keberlanjutan dan keuangan perusahaan pertambangan.
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