Analysis of the Effect of Environmental Performance (Proper Value) and Disclosure of Greenhouse Gas Emission Values on ISSI Company Stock Prices
Sylva Alif Rusmita, Fadillah Nur Syafira, Olga Mardianita Afifa
Universitas Airlangga
Abstract
Abstract Purpose This study examines whether the value of the environmental performance and the value of disclosure of the companys greenhouse gas emissions affect the price of ISSI-company shares listed in the ISSI (Indonesian Sharia Stock Index). Methodology This study uses a quantitative method, the sample is selected using a purposive sampling method, namely the method of sampling based on certain considerations with sample criteria are companies listed in the ISSI (Indonesian Islamic Stock Index) and include PROPER value (Programme for Environmental Performance Rating) owned Indonesian Ministry of Environment on the website or company annual report from 2017 to 2018. Findings The findings show that the value of the environmental performance does not affect ISSI stock prices meanwhile the value of disclosure of the companys greenhouse gas emissions affecting the price of ISSI-company shares listed in the ISSI (Indonesian Sharia Stock Index), it means here are still many capital market players who do not pay attention to the environmetal performance (PROPER) ranking information issued by the Ministry of Environment regarding the companys environmental performance.
Keywords: Company greenhouse emissions, Stock prices, environmental performances
Topic: Environmental Impact Assessment