The Effect of Implementing Green Accounting and Material Flow Cost Accounting (MFCA) on the Value of Manufacturing Companies

Nurikke Agus Fitriani *

Faculty of Economics and Business, University of Jember, Indonesia.

Yosefa Sayekti

Faculty of Economics and Business, University of Jember, Indonesia.

Ririn Irmadariyani

Faculty of Economics and Business, University of Jember, Indonesia.

*Author to whom correspondence should be addressed.


Abstract

This article aims to determine the effect of implementing green accounting and material flow cost accounting (MFCA) on the value of manufacturing companies. This research uses secondary data in the form of an Annual Report which is accessed via the BEI page which is accessed via the relevant manufacturing company's website. The reporting period used is the period 2018 to 2022. The population in this research is the annual reports of manufacturing companies listed on the BEI and the websites of related manufacturing companies as secondary data sources. Using purposive sampling technique to select samples from manufacturing companies listed on the BEI. The data analysis method used is multiple linear regression analysis. The research results show that Green Accounting on Company Value shows a significant positive influence. This proves that the higher the Green Accounting will increase the Company Value. Material Flow Cost Accounting on Company Value shows a significant positive influence. This proves that the higher the Material Flow Cost Accounting will increase the Company Value. The result of this research can add and contribute to development of theory regarding the application of Green Accounting and Material Flow Cost Accounting (MFCA).

Keywords: Green accounting, Material Flow Cost Accounting (MFCA), company value


How to Cite

Fitriani, Nurikke Agus, Yosefa Sayekti, and Ririn Irmadariyani. 2024. “The Effect of Implementing Green Accounting and Material Flow Cost Accounting (MFCA) on the Value of Manufacturing Companies”. Asian Journal of Economics, Business and Accounting 24 (6):515-22. https://doi.org/10.9734/ajeba/2024/v24i61378.

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