PENGARUH PERTUMBUHAN PENJUALAN, PERTUMBUHAN ASET, CAPITAL INTENSITY, DAN GREEN ACCOUNTING TERHADAP KINERJA KEUANGAN PERUSAHAAN SEKTOR ENERGI YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2022-2025

Abstract

This study aims to examine the effect of Green Accounting, sales growth, asset growth, and capital intensity on the financial performance of energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2022–2025 period. Financial performance is proxied using Return on Assets (ROA). This study applies a quantitative approach with a causal associative research method. The data used are secondary data obtained from the annual financial reports of energy sector companies published on the official website of the Indonesia Stock Exchange. The study population consisted of 91 companies, while the sample was determined using a purposive sampling technique, resulting in 16 companies as research samples with a total of 64 observations. Data analysis was performed using multiple linear regression methods with the help of EViews 14 software. The results of the analysis indicate that Green Accounting has a negative and significant effect on financial performance. Conversely, sales growth, asset growth, and capital intensity do not show a significant effect on financial performance. However, together, Green Accounting, sales growth, asset growth, and capital intensity are proven to have a significant effect on company financial performance. The Adjusted R² value of 0.496163 indicates that 49.62% of the variation in financial performance can be explained by the four independent variables in this study, while the remaining 50.38% is influenced by other factors not included in the research model.