| Issue |
E3S Web Conf.
Volume 650, 2025
The 10th International Conference on Energy, Environment, and Information Systems (ICENIS 2025)
|
|
|---|---|---|
| Article Number | 02032 | |
| Number of page(s) | 10 | |
| Section | Environment | |
| DOI | https://doi.org/10.1051/e3sconf/202565002032 | |
| Published online | 10 October 2025 | |
Firm Activities and Environmental Performance: The Moderating Role of Institutional Ownership
1 Department of Accounting, Faculty of Economics and Business, Universitas Negeri Semarang, Semarang, Indonesia
2 Department of Accounting Education, Faculty of Economics and Business, Universitas Negeri Semarang, Semarang, Indonesia
3 Undergraduate students of Accounting, Faculty of Economics and Business, Universitas Negeri Semarang, Semarang, Indonesia
* Corresponding author: This email address is being protected from spambots. You need JavaScript enabled to view it.
Abstract
The low environmental performance is a challenge for companies in Indonesia, especially companies in the food and beverage subsector that produce more plastic waste than other sectors. The purpose of this study is to prove the moderating effect of institutional ownership on the influence of firm activities on environmental disclosure. Firm activities are measured by asset turnover, sales growth, and gross profit margin. Based on 107 data points from 35 firms in the food and beverage subsector, we report that institutional ownership strengthens the influence of asset turnover and gross profit margin on environmental performance. Institutional ownership does not enhance the impact of sales growth on environmental performance. The results were robust, as seen by other research model test designs and by comparing test results without looking at the moderating role of institutional ownership. We also recommend increasing government investment to increase ownership of the company. Managers should improve environmental performance to support the company's long-term operations.
© The Authors, published by EDP Sciences, 2025
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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