Pengaruh Green Finance, Struktur Modal, dan Kinerja Lingkungan Terhadap Profitabilitas Pada Perusahaan Pertambangan
グリーンファイナンス、資本構成、環境パフォーマンスが鉱山企業の収益性に与える影響 (AI 翻訳)
Ni Wayan Indah Mahayani, Rofiqah Wahdah, Yanuar Bachtiar, Dini Rusqiati
🤖 gxceed AI 要約
日本語
本研究は、2021～2024年におけるインドネシア証券取引所上場の鉱山企業を対象に、グリーンファイナンス、資本構成、環境パフォーマンスが収益性に与える影響を分析した。重回帰分析の結果、グリーンファイナンスは収益性に正の有意な影響を与える一方、資本構成は負の有意な影響、環境パフォーマンスは有意な影響を示さなかった。持続可能な金融慣行の重要性が示唆される。
English
This study analyzes the impact of green finance, capital structure, and environmental performance on profitability for mining companies listed on the Indonesia Stock Exchange from 2021-2024. Using multiple regression, it finds that green finance positively and significantly affects profitability, while capital structure has a negative significant effect and environmental performance shows no significant effect. The results highlight the importance of integrating sustainable financial practices.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
本論文はインドネシアの鉱山企業データを用いて、グリーンファイナンスの収益性向上効果を実証している。日本企業がインドネシアなど新興国で事業展開する際のESG投資判断や、グリーンファイナンス導入の参考となり得る。
In the global GX context
This paper provides empirical evidence from an emerging market on the relationship between green finance and firm profitability in the mining sector. While Indonesia-specific, it contributes to the global debate on whether ESG practices enhance financial performance, supporting the business case for sustainable finance.
👥 読者別の含意
🔬研究者:Provides a quantitative methodology for testing green finance impacts using Indonesian data, useful for comparative studies with other emerging markets.
🏢実務担当者:Mining companies can use the findings to justify adopting green finance instruments based on positive profitability effects.
🏛政策担当者:Environmental regulators in Indonesia may note that environmental performance (PROPER) did not significantly affect profitability, suggesting a need for stronger incentives.
📄 Abstract（原文）
This study investigates the influence of green finance, capital structure, and environmental performance on the profitability of mining sub-sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. A quantitative research approach was employed using secondary data obtained from annual reports and sustainability reports. The study population consisted of 33 companies, and purposive sampling based on predetermined criteria produced 132 firm-year observations. Data were analyzed using multiple linear regression, preceded by classical assumption tests and hypothesis testing through partial and simultaneous tests. Profitability was measured using Return on Assets (ROA), green finance was proxied by the Green Coin Rating (GCR), capital structure was measured using the Debt to Equity Ratio (DER), and environmental performance was evaluated using the Company Environmental Management Performance Assessment Program (PROPER) rating. The results indicate that green finance has a positive and significant effect on company profitability, while capital structure has a negative and significant effect. In contrast, environmental performance does not show a significant effect on profitability. Simultaneously, green finance, capital structure, and environmental performance significantly influence profitability. These findings suggest that corporate financial performance is shaped not only by financial structure but also by the adoption of sustainable financial practices, highlighting the importance of integrating financial management with sustainability strategies.
🔗 Provenance — このレコードを発見したソース
- semanticscholar https://doi.org/10.33395/owner.v10i2.3250first seen 2026-05-15 21:44:10
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