IDEAS home Printed from https://ideas.repec.org/a/aac/ijirss/v8y2025i6p1467-1477id9946.html
   My bibliography  Save this article

Green innovation and corporate value: The mediating role of financial performance and the moderating role of green accounting

Author

Listed:
  • Ni Luh Putu Ratna Wahyu Lestari

  • Ni Luh Putu Wiagustini

  • Made Gede Wirakusuma

  • Eka Ardhani Sisdyani

Abstract

This study examined how Green Innovation affects Firm Value in non-financial companies listed on the Indonesia Stock Exchange, both directly and mediated by Financial Performance, and analyzed the role of Green Accounting as a moderator of the relationship between Green Innovation and Financial Performance. We employed a quantitative approach using 767 panel data observations of non-financial companies listed on the Indonesia Stock Exchange between 2015 and 2023, and used robust standard errors to correct biases in standard errors that may arise due to heteroskedasticity (unequal variance of errors) or autocorrelation (serial correlation in errors), which often occur in panel data. The results indicate that Green Innovation increases Firm Value, and Financial Performance mediates the influence of Green Innovation on Firm Value. The findings also indicate that Green Accounting can strengthen the influence of Green Innovation on Financial Performance. Practical implications highlight the need for government efforts to strengthen regulations related to the implementation and disclosure of Green Accounting, and provide recommendations for investors to consider green innovation in their investment decisions.

Suggested Citation

  • Ni Luh Putu Ratna Wahyu Lestari & Ni Luh Putu Wiagustini & Made Gede Wirakusuma & Eka Ardhani Sisdyani, 2025. "Green innovation and corporate value: The mediating role of financial performance and the moderating role of green accounting," International Journal of Innovative Research and Scientific Studies, Innovative Research Publishing, vol. 8(6), pages 1467-1477.
    • Handle: RePEc:aac:ijirss:v:8:y:2025:i:6:p:1467-1477:id:9946
    as

    Download full text from publisher

    File URL: https://ijirss.com/index.php/ijirss/article/view/9946/2265
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aac:ijirss:v:8:y:2025:i:6:p:1467-1477:id:9946. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Natalie Jean (email available below). General contact details of provider: https://ijirss.com/index.php/ijirss/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.