THE EFFECT OF ENVIRONMENTAL COSTS ON EARNING PER SHARE IN MANUFACTURING COMPANIES IN THE CONSUMER NON-CYCLICALS SECTOR LISTED ON THE INDONESIA STOCK EXCHANGE

Abstract

This study aims to determine the effect of environmental costs on Earnings Per Share (EPS) in manufacturing companies in the Non-Cyclical Consumer Goods sector listed on the Indonesia Stock Exchange for the period 2020–2024. This study is quantitative research with an associative approach. The sampling technique uses purposive sampling based on specific criteria. The data used is secondary data sourced from annual financial reports and company sustainability reports for the period 2020–2024. The data collection technique was carried out using the documentation method. Data analysis was performed using descriptive statistical analysis and simple linear regression, with the help of IBM SPSS Statistics version 31. The results show that environmental costs have a positive and significant effect on Earnings Per Share (EPS) in manufacturing companies in the Consumer Non-Cyclicals sector for the period 2020–2024. This indicates that the management of environmental costs by companies plays a role in improving the company's financial performance, as reflected in Earnings Per Share (EPS).