CARBON MANAGEMENT ACCOUNTING, FINANCIAL PERFORMANCE, AND CARBON TAX POLICY INITIATIVES: EVIDENCE FROM  INDONESIAN ENERGY FIRMS

Marsi Fella Rizki; widya Ardana; Fedi Ameraldo; Abdullah Jihad Rabaya

doi:10.24252/assets.v16i2.67282

Authors

Marsi Fella Rizki Universitas Teknokrat Indonesia, Lampung, Indonesia
widya Ardana Universitas Teknokrat Indonesia, Lampung, Indonesia
Fedi Ameraldo Universitas Islam Negri Raden Intan, Lampung, Indonesia
Abdullah Jihad Rabaya Al Zaytoonah University of Science and Technology, Salfit, Palestine

DOI:

https://doi.org/10.24252/assets.v16i2.67282

Keywords:

Carbon Management Accounting, Carbon Tax Policy Initiative, Financial Performance

Abstract

Purpose – This study examines the effects of Carbon Management Accounting (CMA) and Financial Performance (FP) on Carbon Tax Policy Initiatives (CTPI) among energy companies listed on the Indonesia Stock Exchange during 2022–2024.

Methods – A quantitative approach used secondary data from annual and sustainability reports. The sample comprised 36 energy firms and 108 firm-year observations. Panel regression employed the random-effects model, supported by robustness tests and additional analysis of CTPI development.

Findings – CMA has a positive and significant association with CTPI (β = 0.5875, p < 0.0000), whereas FP, proxied by Return on Assets (ROA), has no significant effect (β = −0.1689, p = 0.0709). CMA remains positive across alternative covariance specifications. Mean CTPI increased from 0.8330 in 2022 to 0.9310 in 2024.

Research Implications – Strengthening carbon management accounting capabilities may help firms develop carbon-related strategic responses in an evolving carbon-pricing environment. Regulators may strengthen carbon accounting guidance and carbon-information systems.

Originality – This study links internal carbon management capability with observable corporate responses to an emerging carbon-pricing environment, providing evidence from Indonesian energy companies.

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