The Analysis of Influence of Environmental Performance and Environmental Costs on Financial Performance with Corporate Social Responsibility as Intervening Variables: an Empirical Study on Mining Companies Listed on The Indonesia Stock Exchange
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Abstract
This study aims to determine how much influence the environmental performance and environmental costs on financial performance with Corporate Social Responsibility as an intervening variable . The independent variables in this study are environmental performance and environmental costs. The dependent variable in this study is Financial Performance. The intervening variable in this research is Corporate Social Responsibility . The data in this study are secondary data obtained from the company's financial statements mining companies that follow PROPER and are listed on the IDX . The results showed that environmental performance had no effect on financial performance. Environmental costs have a significant positive effect on financial performance. Corporate social responsibility has a significant positive effect on financial performance. Environmental performance has a significant positive effect on Corporate Social Responsibility (CSR). Environmental costs have no effect on Corporate Social Responsibility (CSR). Corporate Social Responsibility (CSR) as an intervening variable is able to mediate the influence of environmental performance on financial performance . Corporate Social Responsibility (CSR) as an intervening variable is not able to mediate the effect of environmental costs on financial performance.
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How to Cite
Atarwaman, R. J. (2022) “The Analysis of Influence of Environmental Performance and Environmental Costs on Financial Performance with Corporate Social Responsibility as Intervening Variables: an Empirical Study on Mining Companies Listed on The Indonesia Stock Exchange”, Jurnal Mantik, 6(3), pp. 2469-2479. Available at: https://iocscience.org/ejournal/index.php/mantik/article/view/3208 (Accessed: 22April2026).
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Aida, Meiyana. (2018). "The Influence of Environmental Performance, Environmental Costs and Company Size on Financial Performance with Corporate Social Responsibility as an Intervening Variable". Thesis, Yogyakarta State University.
Angela. (2015). "The Influence of Environmental Performance on Financial Performance
with Disclosure of Corporate Social Responsibility (CSR) as an
Intervening Variable". Thesis . Sanata Dharma University.
Aqila Zainab and Imanina. 2020. Environmental Costs, Environmental Performance and Financial Performance in Manufacturing Companies. Accounting journal. Bandung State Polytechnic.
Camilia, I. (2016). “The Influence of Environmental Performance and Environmental Costs on the
Financial Performance of Manufacturing Companies”. Thesis . Perbanas College
of Economics.
Fajriana, A. (2016). "The Influence of Corporate Social Responsibility (CSR), Investment Decisions, and Capital Structure on Firm Value With Managerial Ownership as Moderating Variable". Thesis .
Yogyakarta State University.
Ghozali, I. (2011). Multivariate Analysis Application with SPSS IMB 19 Program . Semarang: Diponegoro University Publishing Agency.
Hadi, N. (2011). Social Responsibility : Theoretical Framework Study , and
Its Role in Research in Accounting. Journal of Economics and Business, 4(8), 88-109 .
Hansen, DR, & Mowen MM (2009). Managerial Accounting, Book 2, Issue 8 .
Jakarta: Four Salemba.
Hastawati, RR, & Sarsiti. (2016). "The Influence of Environmental Performance and Corporate Social Responsibility (CSR) on Financial Performance in Manufacturing Companies Listed on the Indonesia Stock Exchange in 2011-2013 ". Journal of Research and Scientific Studies, University of Surakarta, 14 (4), 49-59 .
Jayati, SE (2012). "The Influence of Intellectual Capital on the Financial Performance of
Service Trading Companies Listed on the Indonesia Stock Exchange".
Thesis . Yogyakarta State University.
Ministry of Environment.. :''Program for Assessment of Company Performance Rating in Environmental Management (PROPER) Accessed
through http://proper.menlhk.go.id.
Margono, S. (1997). MKDK Component Educational Research Methodology .
Jakarta: Renika Cipta.
Niasari. (2019). The Influence of Environmental Performance and Environmental Costs on the Company's Financial Performance. Accounting journal
Praise. (2013). "The Influence of Environmental Performance on Financial Performance
with Corporate Social Responsibility (CSR) as an
Intervening Variable". Thesis . Semarang State University.
Purwanto, A. (2011). "The Influence of Industry Type, Company Size, Profitability, On Corporate Social Responsibility ". Journal of Accounting & Auditing, 8 (1), 12-29 .
Pustikaningsih, A. (2011). "Analysis of the Relationship of Corporate Social Responsibility
(CSR) to Financial Performance in Service Companies (Case Study
of Service Companies in Yogyakarta)". Indonesian Journal of Accounting Education
, 9 (2), 32-39 .
Son, Yudi Pratama. 2017. The Effect of Environmental Performance on Financial Performance With Disclosure of Corporate Social Responsibility (CSR) as an Intervening Variable. Journal of Accounting Vol 2 No 2. University of Muhammadiyah Bengkulu.
Rahmawati, A. (2012). "The Influence of Environmental Performance on Corporate
Financial Performance with Corporate Social Responsibility Disclosure as an Intervening Variable". Thesis . Diponegoro University.
Riska Dewi Setyaningsih and Nur Asyik. (2016). The Effect of Environmental Performance on Financial Performance With Corporate Social Responsibility as Moderator. Journal of Economics
Sekaran, U. (2011). Research Methods For Business . Jakarta: Four Salemba.
Setiawan, Budi, and Pranaditya. (2018). The Influence of Environmental Performance, Environmental Costs And Company Size On Financial Performance With Corporate Social Responsibility Intervening Variables g. Journal of Economics.
Sucipto. (2003). "Financial Performance Assessment". USU Digital Library. Medan.
Sugiyono. (2013). Statistics for Research . Bandung : Alphabeta.
Susanto, AB (2009). Reputation Driven Corporate Social Responsibility
Strategic Management Approach in CSR . Jakarta: The Essence of Erlangga.
Single WSP, & Fachrurrozie. (2014). "The influence of environmental performance , Environmental Cost and CSR Disclosure on Financial Performance ” . Accounting Analysis Journal, 3 (3), 310-320.
Widhiastuti, Suputra, and Budiasih. (2017). The influence of environmental performance on financial performance with corporate social responsibility as an intervening variable. Journal of Economics
Hukumonline.com , accessed March 20, 2022, 9:05 p.m
www.mmediaindonesia.com , accessed March 20, 2022, 10:23 p.m
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