PENGARUH GOOD CORPORATE GOVERNANCE DAN GREEN ACCOUNTING TERHADAP KINERJA KEUANGAN PADA PERUSAHAAN MAKANAN DAN MINUMAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2021–2024

Abstract

This study aims to analyze the effect of Good Corporate Governance and Green Accounting on the financial performance of food and beverage companies listed on the Indonesia Stock Exchange during the 2021–2024 period and to examine it from an Islamic economic perspective. The study employed a quantitative approach using secondary data obtained from annual reports and company financial statements. The research sample was selected through purposive sampling based on specific criteria to obtain companies that met the research requirements during the observation period. Data analysis was conducted using panel data regression to determine the effect of independent variables on the dependent variable. The results indicate that Good Corporate Governance has a positive effect on corporate financial performance, while Green Accounting has a negative effect in the short term due to the high environmental implementation costs that have not yet generated direct economic benefits. Simultaneously, both variables have not been able to provide an optimal influence on financial performance. This study concludes that the implementation of good corporate governance and effective environmental management should be integrated sustainably in order to create economic, social, and environmental value in accordance with corporate responsibility principles and the Islamic economic perspective.