THE ROLE OF GREEN INNOVATION IN MEDIATING THE INFLUENCE OF CORPORATE SOCIAL RESPONSIBILITY ON COMPANY VALUE IN A CORPORATE LIFE CYCLE PERSPECTIVE

  • Eni Puji Estuti Sekolah Tinggi Ilmu Ekonomi Semarang
  • Natoil Natoil Sekolah Tinggi Ilmu Ekonomi Semarang
Keywords: CSR, Firm Value, Green Innovatio, life cycle

Abstract

Issues regarding the environment are one of the important topics in global economic discussions today. The high expectations of the public about the need for companies to become more environmentally responsible. There are many ways that a company can do for the welfare of the surrounding community. Corporate Social Responsibility has been proven to influence green innovation. Green Innovation has a significant positive effect on firm value. Companies that disclose and issue CSR expenses in the current period will increase the company's value in the future. Green Innovation increases company value. CSR and GI have more impact on increasing the value of the company in the growth stage.

Downloads

Download data is not yet available.

References

DAFTAR PUSTAKA
Albort-Morant, G., Leal-Millán, A., & Cepeda-Carrión, G. (2016). The antecedents of green innovation performance: A model of learning and capabilities. Journal of Business Research, 69, 4912–4917. https://doi.org/10.1016/j.jbusres.2016.04.052
Ambec, S., Cohen, M. A., Elgie, S., & Lanoie, P. (2013). The porter hypothesis at 20: Can environmental regulation enhance innovation and competitiveness? Review of Environmental Economics and Policy, 7(1), 2–22. https://doi.org/10.1093/reep/res016
Ar, I. M. (2012). The Impact of Green Product Innovation on Firm Performance and Competitive Capability: The Moderating Role of Managerial Environmental Concern. Procedia - Social and Behavioral Sciences,
62, 854–864. https://doi.org/10.1016/j.sbspro.2012.09.144
Balabanis, G., Phillips, H. C., & Lyall, J. (1998). Corporate social responsibility and economic performance in the top British companies: Are they linked? European Business Review, 98(1), 25– 44. https://doi.org/10.1108/09555349810195529
Baron, R. M., & Kenny, D. A. (1986). The moderator–mediator variable distinction in social psychological research: Conceptual, strategic, and statistical considerations. Journal of Personality and Social Psychology,
51(6), 1173–1182. https://doi.org/10.1177/1350506818764762
Ben Arfi, W., Hikkerova, L., & Sahut, J. M. (2018). External knowledge sources, green innovation and performance. Technological Forecasting and Social Change,
129, 210–220.
https://doi.org/10.1016/j.techfore.2017.09.017
Blanco, B., Guillamón-Saorín, E., & Guiral, A. (2013). Do Non-socially Responsible Companies Achieve Legitimacy Through Socially Responsible Actions? The Mediating Effect of Innovation. Journal of Business Ethics, 117, 67–83. https://doi.org/10.1007/s10551-012- 1503-3
Weston J.Fred dan Eugene F. Brigham.2001. Dasar-Dasar Manajemen Keuangan. Erlangga: Jakarta.
Wiagustini, Ni Luh Putu. 2010. Dasar-dasar Manajemen Keuangan. Cetakan Pertama. Denpasar: Udayana University Press.
Wiyono, Lany Indriana. 2012. Pengaruh Struktur Kepemilikan, Kebijakan Deviden, dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Industri Manufaktur yang Terdaftar di BEI periode 2009-2011. Jurnal Fakultas Bisnis Universitas Katolik Widya Mandala, Surabaya.
Yuyetta, Etna Nur Afri. 2009. Pengaruh Leverage terhadap Nilai Perusahaan pada masa krisis: Pengujian Empiris di Indonesia. Jurnal Akuntansi & Auditing, 5(2): h: 148-163.
Zhang, Ye. 2010. The Product Category Effects on Capital Structure: Evidence from the SMEs of British Manufacturing Industry. International Journal of Bussiness and Management. Vol. 5 (8): 86-11
Published
2024-06-23