EVALUATING THE EFFECTIVENESS OF GREEN TAX SUSTAINABILITY CONSEQUENCES IN THE PRESENCE OF THE PHILOSOPHICAL THEMES OF THICK DECISION: INTERPRETIVE RANKING PROCESS (IRP)
The values and benefits of interest between shareholders and companies differ in the capital market due to the separation of ownership from management. These differences have developed theoretical approaches in corporate decision-making to balance equity. Thick Decision is a concept with the pluralism of values at the capital market level, which has been considered a philosophical, theoretical approach in recent years. Such values in decision-making can lead to more interaction between the company and the stakeholders and increase sustainability in various fields such as environment, tax, and economy. This research evaluates the effectiveness of green tax's sustainability consequences in the presence of the philosophical themes of the thick decision by the interpretive ranking process theory. This research performed a combined analysis with the participation of 15 accounting experts at the university level to identify the components (consequences of the glass ceiling) and research propositions (hegemonic power acceptance). In the quantitative part, the components and propositions identified in matrix questionnaires were evaluated by 22 CEOs in Capital Market. The results showed that the statement of social responsibility in decision-making (B2), reducing conflict of interest in decision-making (B5), and legitimacy in decision-making (B6) are the most influential philosophical themes in the thick decision at the capital market level, which reinforces the consequence of reducing environmental pollution as a component of green tax sustainability. This result suggests that the thick decision strengthens the consequences of green taxation for posterity, which describes pursuing a significant level of pluralistic social values. Increasing green taxes makes companies develop their social responsibilities to reduce emissions by strengthening production infrastructure. These companies enrich social trust and confidence through insight into the thick decision by disclosing optional information in the form of financial statements.
Sustainability Consequences of Green Tax, Philosophical Themes of Thick Decision, Interpretive Ranking Process (IRP)