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International Journal of Environment and Sustainability, 2016, 5(1): 76-85 81
activities that support environmental manage- 3. Research Design
ment, management must maintain records of any
expenses related to the activity of the environ- Variable of the Research
ment.
Environmental Management
This research doesn’t support Sarumpaet’s re-
search (2005), which stated there is no signifi- Environmental management activity is infor-
cant relationship between environmental per- mation about environmental accounting data
formance and financial performance, nor does it based on Indonesia’s statement of financial ac-
support the research of Lindrianasari (2007), counting standards number 33 (PSAK 33), which
which stated that there is no relationship be- consist of stripping, environmental management
tween economic performance and environmen- caused by exploration and evaluation and envi-
tal performance. This is because companies’ so- ronmental management caused by production.
cial responsibilities through some dimension of
social cost don’t have economic consequences Stripping = Stripping cost year t
because of the form, type and social cost strategy
used by the companies tend to have an indirect Environmental management
effect. The companies do the social responsibili-
ties through some social costs seeing from per- Exploration and = Exploration and Evaluation
spective and management motif, do not concern evaluation asset year t
and provide stakeholders’ needs.
Production = Allowance for environmental
Hypothesis Development management year t
Based on previous research and theories that un- Financial Performance
derlie relationships between variables that are
being investigated in this research, the hypothe- Return On Investment (ROI) is used to identify
ses are: potential money ratios which are going to get
from investment result. ROI is a money ratio that
Ha1: Stripping positively influences financial gains in an investment, depending on the money
performance in mining companies’ annual re- being invested. The amount of money which can
port, which is registered in Indonesia Stock be gained or lost can be said as interestor
Exchange profit/lossMoney investment can be used as as-
set, capital, principal, basis of investment cost.
Ha2: The cost of environmental management
caused by the exploration and evaluation pos- ROI = Total selling - Investment X 100%
itively influence financial performance in Investment
mining companies’ annual report, which is
registered in the Indonesia Stock Exchange Sample
Ha3: The cost of environmental management The sample used in this research is mining com-
caused by production positively influences fi- panies that are registered in the Indonesia Stock
nancial performance in mining companies’ Exchange. The sample of companies chosen from
annual reports, which are registered in the In- all populations of public companies in the
donesia Stock Exchange. Indonesia Stock Exchange (BEI) are based on the
availability of data to count variables which are
explained before.
Analysis Method
The hypotheses set in this research will be tested
by using multiple linear regression analysis and
partial teat (t test). Every hypothesis will be an-
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