Page 93 - IJES Special Issues for AIEC2016
P. 93
International Journal of Environment and Sustainability, 2016, 5(1): 76-85 83
Return on Investment on mining companies sec- Surely, that thing is a correction for mining com-
tor which is registered in Indonesia Stock Ex- panies related to environmental management
change 2011-2013. cost disclosure because of exploration and eval-
uation. Environmental accounting must provide
Table 3 T test Significant valid information related to the advantages of
Results of the test 0.578 0.567 environmental management costs that can sup-
-0.632 0.531 port stakeholders’ decision making. However,
Model consideration must be given to materiality and
Constant relevant significance. In environmental account-
Cost of environmental manage- ing, materiality is placed in quantity spec and sig-
ment caused by the exploration nificance is placed in quality spec. From the ma-
and evaluation teriality point of view, attention is given to the
quantitative impact from data which said in
In relationship between environmental manage- monetary or physically, while significance fo-
ment cost because of exploration and evaluation cuses on information quality from the environ-
toward the Return on Investment the legitimacy mental point of view or future impact which fol-
theory and Triple bottom line is not happen. Le- lows it.
gitimacy theory is a theory that is often used re-
searchers mainly related to social and environ- Third Hypothesis Testing
mental areas. Although many researchers are
still in doubt of this theory, this theory has pro- The relationship between environmental man-
vided clear perspective about confession of a agement costs because of production activity
company from society. According to Ahmad and and Return on Investment (ROI) found that the
Sulaiman (2004), legitimacy theory is based on probability score of management cost because of
the definition of social contract and implicated production activity variable is 0.012. This means
between social institution and society. Ghozali that the score is below 0.05, so Ha can be ac-
and Chariri (2007) explained that to legitimate cepted. There is a significant influence between
companies’ activity on society’s view, companies environmental management costs because of
tend to use performance which is environmental production activity and Return on Investment in
basis and environmental information disclosure. the mining companies sector, which is registered
Meanwhile, Triple Bottom Accounting theory in the Indonesia Stock Exchange 2011-2013.
has been a reference on some occasions and is
realized in three main components: person, Table 4
profit and companies’ environment. Person re- Results of the test
lated to humanism touch which organized by the
companies. Profit is a big economic variable that Model T Significant
shows the companies’ ability to earn profit. The test
environment shows the symbiosis between com- Constant 0.578 0.567
panies and companies’ environment. Triple Bot- Cost of environmental management 2.643 0.012
tom Line implemented by three domains: social, caused by production
economy and environmental. Activity that is
done and developed to get a good image from the Legitimacy theory and Triple Bottom Line theory
important person in the company. Companies’ are happened in correlation of two variables. Le-
responsibilities to the Triple Bottom Line’s pil- gitimacy theory suggests the companies make
lars can be seen from two perspective. First, re- sure that their activities and performances can
sponsibility is a moral and constitutional obliga- be accepted by society. The companies use their
tion. annual report to draw their environmental re-
sponsibilities so that they are accepted by soci-
Science Target Inc. www.sciencetarget.com
