GREEN ACCOUNTING, CSR, AND INDEPENDENT COMMISSIONERS ON FIRM VALUE: AUDIT QUALITY AS A MODERATOR
DOI:
https://doi.org/10.36085/jamekis.v8i3.9031Abstract
This research aims to examine the effects of green accounting, corporate social responsibility (CSR), and independent commissioners on firm value, with audit quality serving as a moderating variable. The study focuses on 22 companies listed on the Indonesia Stock Exchange (IDX) between 2022 and 2024. Data analysis was conducted using Multiple Linear Regression and Moderated Regression Analysis, processed with EViews 13 software. The findings reveal that green accounting has a positive and significant impact on firm value. In contrast, CSR and independent commissioners initially exhibit a significant negative effect; however, their effects become statistically insignificant when audit quality is introduced as a moderator. Furthermore, audit quality does not demonstrate a statistically significant moderating effect on the relationships between the three independent variables and firm value. These results suggest that the market responds more favorably to measurable and transparent environmental practices than to social programs or formal oversight mechanisms. This article discusses the role of sustainability reporting and monitoring effectiveness in attracting positive market responses that enhance firm value
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