1Associate Professor, Faculty of Economics, Petra Christian University, Jl. Siwalankerto 121–131, Surabaya, 60236, Iindonesia
2Student, Accounting Study Program, Faculty of Economics, Petra Christian University, Jl. Siwalankerto 121–131, Surabaya, 60236, Iindonesia
*Corresponding Author: Dr. Juniarti, Associate Professor. Petra Christian University, Jl. Siwalankerto 121–131, Surabaya, 60236, Indonesia. Email: yunie@petra.ac.id
Online published on 11 July, 2019.
In Indonesia, research on the value relevance of non-financial information is still very rare, while several studies outside Indonesia also show mixed results. This leaves a challenge to test the value relevance of environmental performance information. This research was conducted in the period of 2010 to 2017, with companies that consistently became PROPER participants for 8 consecutive periods as its research subjects. The result shows that environmental performance information provides additional value relevance, which is indicated by an increase in R squared after entering environmental performance variables.
Value Relevance, Environmental Performance, Share Price, PROPER
