Abstract
This study examines the effect of environmental disclosures on stock prices.Specifically, it assesses whether the value of the environmental performance and the value of disclosure of a company's greenhouse gas emissions affect the price of company shares listed in the ISSI (Indonesian Sharia Stock Index).This study uses a quantitative method. A purposive sampling method was used, based on certain considerations as to companies listed in the ISSI and valued by PROPER (Programme for Environmental Performance Rating), on websites or companies' annual report for 2017 to 2018. The findings show that the value of environmental performance does not affect ISSI stock prices. Meanwhile the value of disclosure of the company's greenhouse gas emissions affects the price of ISSI-company shares. It means that many capital market players still do not pay attention to PROPER environmental performance rankings, which are issued by the Indonesian Ministry of Environment regarding the company's environmental performance.
| Original language | English |
|---|---|
| Pages (from-to) | 488-501 |
| Number of pages | 14 |
| Journal | International Journal of Innovation, Creativity and Change |
| Volume | 10 |
| Issue number | 12 |
| Publication status | Published - 2020 |
Keywords
- Company
- Environment disclosures
- ISSI
- Stock prices
