Firm Size Moderating-Investor Perception Mediation: Green Accounting, Carbon-Audit Factors on Financial Performance

Mohamad Zulman Hakim; Muhammad Khoirul Insan; Hesty Erviani Zulaecha; Dewi Rachmania; Adelia Destianti

doi:10.61255/jeemba.v4i4.1051

Authors

Mohamad Zulman Hakim Universitas Muhammadiyah Tangerang, Indonesia
Muhammad Khoirul Insan Universitas Muhammadiyah Tangerang, Indonesia
Hesty Erviani Zulaecha Universitas Muhammadiyah Tangerang, Indonesia
Dewi Rachmania Universitas Muhammadiyah Tangerang, Indonesia
Adelia Destianti Universitas Muhammadiyah Tangerang, Indonesia

DOI:

https://doi.org/10.61255/jeemba.v4i4.1051

Keywords:

Financial Accounting, Audit, Sustainability Reporting

Abstract

This study investigates how Green Accounting, Carbon Tax, Carbon Emission Disclosure, Audit Opinion, and Audit Quality affect Financial Performance, with Investor Perception serving as a mediating variable and Firm Size as a moderating variable. The sample consists of Energy Sector companies listed on the Indonesia Stock Exchange from 2021 to 2024, selected through Purposive Sampling. Panel regression models, including CEM, FEM, and REM, were used to analyze the data. Model selection relied on the Chow, Hausman, and Lagrange Multiplier tests, alongside Classical Assumption, F, t, and R² tests, all processed using EViews 12. The findings confirm that every independent variable has a positive and significant effect on Financial Performance. Regarding moderation, Firm Size amplifies the impact of Green Accounting and Carbon Tax on Financial Performance, but this moderating effect does not extend to Carbon Emission Disclosure, Audit Opinion, or Audit Quality. As for mediation, Investor Perception partially mediates the relationships between the independent variables and Financial Performance, with the sole exception of Audit Quality.

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