PENGARUH GREEN INNOVATION DAN KINERJA KEUANGAN PADA COMPETITIVE ADVANTAGE DAN NILAI PERUSAHAAN

Jaenudin Jaenudin; Anjar  Rizqona; Musadad Musadad

doi:10.46306/bacmatech.v1i2.46

Authors

Jaenudin Jaenudin Universitas Bina Bangsa
Anjar Rizqona Universitas Bina Bangsa
Musadad Musadad Universitas Bina Bangsa

DOI:

https://doi.org/10.46306/bacmatech.v1i2.46

Keywords:

Green Innovation, Financial Performance, Competitive Advantage, Company Value

Abstract

This study aims to test Green Innovation and Financial Performance on Competitive Advantage and Corporate Value in manufacturing companies. This study uses secondary data, where secondary data is data obtained from annual financial statements registered on the IDX during the period 2015-2020. The sample in this study is 37 companies. In this study, the purposive sampling method was used and in analyzing the data using the WarpPLS 6.0 application. The results of the analysis show that Green Innovation has a positive and significant effect on Competitive Advantage. Meanwhile, Green Innovation has no effect on the Company's Value. Green Innovation has a positive and significant effect on financial performance. Meanwhile, Competitive Advantage has a negative and significant effect on financial performance. And financial performance has a positive and significant effect on the company's value.

Downloads

Download data is not yet available.

References

https://doi.org/10.32479/ijeep.7438. Akmalia, A., Kevin, D., & Nurul, H. (2017).

art2

Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019). The mediating effect of environmental management accounting on green innovation - Firm value relationship. International Journal of Energy Economics and Policy, 9(2), 299– 306. https://doi.org/10.32479/ijeep.7438.

Agustia, D., Sawarjuwono, T., & Dianawati, W. (2019). The mediating effect of environmental management accounting on green innovation - Firm value relationship. International Journal of Energy Economics and Policy, 9(2), 299–

Akmalia, A., Kevin, D., & Nurul, H. (2017). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Dan Kepemilikan Institusional Sebagai Variabel Pemoderasi (Studi Empiris Pada Perusahaan Manufaktur Dl Bursa Efek Indonesia). Unisia, 35(78), 17–24. https://doi.org/10.20885/unisia.vol35.iss7 8. art2

Amores-Salvadó, J., Castro, G. M. De, & Navas-López, J. E. (2014). Green corporate image: Moderating the connection between environmental product innovation and firm performance. Journal of Cleaner Production, 83, 356–365.

Amores-Salvadó, J., Castro, G. M. De, & Navas-López, J. E. (2014). Green corporate image: Moderating the connection between environmental product innovation and firm performance. Journal of Cleaner Production, 83, 356– 365. https://doi.org/10.1016/j.jclepro.2014.07.059

Anugraini, M., & Khusnah, H. (2019). EMPLOYEE STOCK OWNERSHIP PROGRAM (ESOP) DAN NILAI PERUSAHAAN: DENGAN PROFITABILITAS SEBAGAI VARIABEL INTERVENING. 113–124.

Baah, C., Opoku-Agyeman, D., Acquah, I. S.

Chen, Y. S. (2008). The positive effect of green intellectual capital on competitive advantages of firms. Journal of Business Ethics, 77(3), 271–286. https://doi.org/10.1007/s10551-006- 9349-1

Dedy, I. K., Putra, A., Gusti, N., & Wirawati, P. (2013). Pengaruh Kepemilikan Manajerial Terhadap Hubungan Antara Kinerja Dengan Nilai Perusahaan. E- Jurnal Akuntansi, 5(3), 639–651.

Dewi, R. R., & Rahmianingsih, A. (2020). MENINGKATKAN NILAI PERUSAHAAN MELALUI GREEN INNOVATION DAN ECO-EFFISIENSI. 12(2). https://doi.org/10.35313/ekspansi.v12i2.2 241

Gani, A. S. M., Machmud, R., & Selvi, S. (2020). The Influence of Intellectual Capital on the Profitability of Banking Companies. Jambura Science of Management, 2(1), 01–07. https://doi.org/10.37479/jsm.v2i1.4433

Gürlek, M., & Tuna, M. (2018). Reinforcing competitive advantage through green organizational culture and green innovation. Service Industries Journal,

Imron, G. S., Hidayat, R., & Alliyah, S. (2018). Pengaruh Kinerja Keuangan Dan Ukuran Perusahaan Terhadap Nilai Perusahaan Dengan Corporate Sosial Responsibility Dan Good Corporate Governance Sebagai Variabel Moderasi. Potensio, 18(2), 82–93.

Jasmani. (2019). Jurnal Disrupsi Bisnis. Jurnal Disrupsi Bisnis, 1(2), 172.

K., Agyabeng-Mensah, Y., Afum, E., Faibil, D., & Abdoulaye, F. A. M. (2021). Examining the correlations between stakeholder pressures, green production practices, firm reputation, environmental and financial performance: Evidence from manufacturing SMEs. Sustainable Production and Consumption, 27, 100–114. https://doi.org/10.1016/j.spc.2020.10.015

Khotimah, K. (2017). Pandangan Berbasis Sumber Daya (RBV) Dalam Pembahasan Organisasi Ekonomi. Jurnal Manajemen Dan Akuntansi, 5(1), 49–64

Khusnah, H. (2019). EMPLOYEE STOCK OWNERSHIP PROGRAM (ESOP), INTELLECTUAL CAPITAL DAN NILAI PERUSAHAAN: EFEK MEDIASI DARI KINERJA KEUANGAN (Studi pada Perusahaan Non Keuangan yang Terdaftar di BEI Periode.

Kim, C. Y., Seo, E. H., Booranabanyat, C., & Kim, K. (2021). Effects of Emerging ‐ Economy Firms’ Knowledge Acquisition from an Advanced International Joint Venture Partner on Their Financial Performance Based on the Open Innovation Perspective.

Küçükoğlu, M. T., & Pınar, R. İ. (2015). Positive Influences of Green Innovation on Company Performance. Procedia - Social and Behavioural Sciences, 195,1232–1237. https://doi.org/10.1016/j.sbspro.2015.06.261

Kurniati, R. A., & Saifi, M. (2018). Pengaruh Employee Stock Ownership Program (ESOP) dan Leverage Terhadap Kinerja Keuangan (Studi Pada Perusahaan Sektor Perbankan yang Terdaftar di Bursa Efek Indonesia tahun 2014-2016). Jurnal Administrasi Bisnis (JAB), 62(2), 150–157.

Lin, W. L., Cheah, J. H., Azali, M., Ho, J. A., & Yip, N. (2019). Does firm size matter? Evidence on the impact of the green innovation strategy on corporate financial performance in the automotive sector. Journal of Cleaner Production, 229, 974– 988. https://doi.org/10.1016/j.jclepro.2019.04.214

Lin, W. L., Cheah, J. H., Azali, M., Ho, J. A., & Yip, N. (2019). Does firm size matter? Evidence on the impact of the green innovation strategy on corporate financial performance in the automotive sector. Journal of Cleaner Production, 229, 974–988. https://doi.org/10.1016/j.jclepro.2019.04.21

López-Gamero, M. D., Molina-Azorín, J. F., & Claver-Cortés, E. (2009). The whole relationship between environmental variables and firm performance: Competitive advantage and firm resources as mediator variables. Journal of Environmental Management, 90(10), 3110–3121. https://doi.org/10.1016/j.jenvman.2009.05.007

Pengaruh Green Inovation… (Vera Putri Fabiola, Hidayatul Khusnah hal. 295-303) 301 38(7–8), 467–491. https://doi.org/10.1080/02642069.2017.1402889

Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Corporate Social Responsibility Dan Kepemilikan Institusional Sebagai Variabel Pemoderasi (Studi Empiris Pada Perusahaan Manufaktur Dl Bursa Efek Indonesia). Unisia, 35(78), 17–24. https://doi.org/10.20885/unisia.vol35.iss7

Rhee, M., & Stephens, A. R. A. E. (2020). INNOVATION-ORIENTATED TECHNOLOGY ASSIMILATION STRATEGY and Korean SMES’ ENHANCING INNOVATION CAPABILITY, COMPETITIVE ADVANTAGE and FIRM PERFORMANCE. International Journal of Innovation Management, 24(6), 1–27. https://doi.org/10.1142/S1363919620500 814

Riska, Raza, H., & Zulfa, A. (2021). Pengaruh Kinerja Keuangan Terhadap nilai Perusahaan dengan Kebijakan Dividen Sebagai Variabel Moderating Pada Perusahaan Manufaktur di Bursa Efek Indonesia. Jurnal Karya Ilmiah, 16(3),185–304.

Rosyidah, U., & Nur Fadjrih, A. (2018). Pengaruh Kinerja Keuangan Terhadap Nilai Perusahaan Dengan Good Corporate Governance Sebagai Variabel Moderasi. Jurnal Informasi, Perpajakan, Akuntansi, 302 Jurnal Media Mahardhika VOL 20 No. 2 Januari 2022 Dan Keuangan Publik, 6(2), 115. https://doi.org/10.25105/jipak.v6i2.4486

Salim, N., Nizam, M., Rahman, A., & Wahab, D. A. (2021). The Influence of Proactive Capabilities and Knowledge-Based Dynamic Capabilities on the Competitive Advantage of Manufacturing Firms. 12(2). https://doi.org/10.18178/ijtef.2021.12.2.6 91

Satria., M. A. J., Sunaryo., H., & ABS., M. K. (2017). e-jurnal Riset Manajemen Prodi Manajemen Fakultas Ekonomi Unisma Website: E-Jurnal Riset Manajemen Prodi Manajemen, 51–69.

Satwika, N. K. P., & Dewi, N. M. W. K. (2018). Pengaruh Orientasi Pasar Serta Inovasi terhadap Keunggulan Kompetitif dan Kinerja Bisnis. E-Jur nal Manajemen Universitas Udayana, 7(3), 255346. https://doi.org/10.24843/EJMUNUD.2018.v7.i03.p13

Halakhah, P., & Khusnah, H. (2019). Sustainability Reporting Terhadap Nilai Perusahaan: Dengan Knerja Keuangan Sebagai Variabel Intervening Pada Perusahaan Non Keuangan Yang Terdaftar di Bursa Efek Indonesia Periode 2016 – 2019.

Sudiyatno, B., & Puspitasari, E. (2010). 223- Article Text-431-1-10-20120216(1). 2(1), 9–21.

Suryani, M. R., & Dianawati, W. (2018). The Effect of Environmental Management Activities on Financial Performance. Korea Association of Business Education, 33(5), 547–573.

Suryani, M. R., & Dianawati, W. (2018). The Effect of Environmental Management Activities on Financial Performance. Korea Association of Business Education, 33(5) 547–573. https://doi.org/10.23839/kabe.2018.33.5. 547

Xie, X., Huo, J., & Zou, H. (2019). Green process innovation, green product innovation, and corporate financial performance: A content analysis method. Journal of Business Research, 101 (January), 697–706.

Xie, X., Huo, J., & Zou, H. (2019). Green process innovation, green product innovation, and corporate financial performance: A content analysis method. Journal of Business Research, 101(January), 697–706. https://doi.org/10.1016/j.jbusres.2019.01.010

Zameer, H., Wang, Y., Yasmeen, H., & Mubarak, S. (2020). Green innovation as a mediator in the impact of business analytics and environmental orientation on green competitive advantage. Management Decision, 71873064. https://doi.org/10.1108/MD-01-2020- 0065

Zameer, H., Wang, Y., Yasmeen, H., & Mubarak, S. (2020). Green innovation as a mediator in the impact of business analytics and environmental orientation on green competitive advantage. Management Decision, 71873064. https://doi.org/10.1108/MD-01-2020-0065

PENGARUH GREEN INNOVATION DAN KINERJA KEUANGAN PADA COMPETITIVE ADVANTAGE DAN NILAI PERUSAHAAN

Authors

DOI:

Keywords:

Abstract

Downloads

References

Downloads

Published

How to Cite

Issue

Section

License

sd