PENGARUH SERTIFIKASI SISTEM MANAJEMEN LINGKUNGAN ISO 14001 PADA KINERJA PERUSAHAAN
KeywordsISO 14001, Environmental Management System, Data Panel, Financial Performance, Indonesian Stock Exchange
Management. Industrial management
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AbstractAbstract. Various studies revealed that ISO 14001 is an integrated environmental management system which are considered to be capable for improving firms‟ environmental and financial performance. This study aims to analyze the effect of ISO 14001 Environmental Management System certification on firm‟s environmental and financial performance. The samples of the research were ISO 14001 certified firms which listed in Indonesia Stock Exchange. Yearly data were collected for the period of 2007-2015. The research employed multivariate data panel regression as the main method. The results showed there is no impact from ISO 14001 certification towards environmental performace and no solid evidence that ISO 14001 has an effect on the financial performance. In addition, there is an indication that older firms (over 30 years old) tend to pursue ISO 14001 certification based on firm‟s characteristics in the samples.