https://www.jurnal.stiekrakatau.ac.id/index.php/sabi/issue/feed 2026-03-05T04:39:34+00:00 Admin stiekrakataulpg@gmail.com Open Journal Systems <p align="justify">Diterbitkan oleh Lembaga Penelitian dan Pengabdian kepada Masyarakat (LPPM), Sekolah Tinggi Ilmu Ekonomi Krakatau. Studi Akuntansi dan Bisnis Indonesia (SABI) adalah jurnal ilmiah yang mempublikasikan karya tulis akademik dan riset dalam bidang akuntansi dan bisnis yang berfokus pada konteks Indonesia. Jurnal ini menjadi wadah publikasi bagi akademisi, peneliti, praktisi, dan mahasiswa untuk menyampaikan hasil penelitian empiris, kajian teoretis, dan studi kasus yang relevan dan berkualitas tinggi.</p> https://www.jurnal.stiekrakatau.ac.id/index.php/sabi/article/view/401 2026-03-05T04:39:34+00:00 Rinaldi Kartobi rinaldikartobi26986@gmail.com Fajar Gustiawaty Dewi fajargd@yahoo.com

<p><strong>Purpose:</strong> This study examines the effect of environmental performance and environmental costs on firm value, with profitability as a mediating variable, in energy sector companies listed on the Indonesia Stock Exchange between 2022 and 2024.</p> <p><strong>Research methodology</strong><strong>:</strong> Using a quantitative approach, 75 firm-year observations were selected through purposive sampling from annual and sustainability reports. Firm value is proxied by Tobin’s Q, profitability by ROA, and environmental variables by disclosure indices. The data were analyzed using multiple regression, path analysis, and the Sobel test.</p> <p><strong>Results:</strong> Environmental performance negatively affects profitability, whereas environmental costs have no significant effect. Both variables do not directly influence firm value. Profitability positively affects firm value and mediates the effect of environmental performance but not that of environmental costs.</p> <p><strong>Conclusions:</strong> The capital market in the Indonesian energy sector is more financially oriented than environmentally oriented in determining firm value.</p> <p><strong>Limitations:</strong> This study focuses only on the energy sector and has a short observation period.</p> <p><strong>Contribution:</strong> This study enriches the empirical evidence on sustainability and firm value relationships in emerging markets</p>

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