Vol. 1 No. 2 (2025): Advancing Digital Business and Entrepreneurship for a Sustainable Future
Articles

The Impact of Green Accounting on Material Flow Cost Accounting in Improving Business Sustainability and Palm Oil Company Value in Indonesia in 2021-2023

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  • Opril Adil Baene,
  • Wahyu Andrianto,
  • Devi Kusumawardhani
Opril Adil Baene
Universitas Mahakarya Asia, Yogyakarta
Wahyu Andrianto
Universitas Mahakarya Asia, Yogyakarta
Devi Kusumawardhani
Universitas Mahakarya Asia, Yogyakarta

Published 2025-04-30

Keywords

  • Green accounting,
  • Material flow cost accounting,
  • Business sustainability,
  • Firm value,
  • Cost Accounting

Copyright (c) 2025 Opril Adil Baene, Wahyu Andrianto, Devi Kusumawardhani (Author)

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Abstract

This study aims to examine the impact of green accounting on material flow cost accounting in improving business sustainability and firm value. The sample in this study were palm oil companies listed on the Indonesia Stock Exchange (IDX) during the period 2021-2023. The total sample amounted to 33 from 11 companies using purposive sampling technique. The data analysis method uses multiple regression and mediation tests using the Sobel-test. Multiple linear regression analysis for the hypothesis of green accounting on business sustainability and firm value (through MFCA). The result showed that green accounting negatively affects MFCA, business sustainability and firm value. While the results of the MFCA test as a mediating variable show that MFCA is not able to mediate the effect of green accounting on business sustainability and firm value in a positive direction.

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