The Moderation Role of Financial Performance in the Relationship Between Green Innovation and Firm value (Empirical Study of Manufacturing Companies in 2020-2021)

Gugus Darmajati Setyawan, Rita Wijayanti

Abstract


This study aims to analyze the moderating role of financial performance in the relationship between green innovation and firm value in manufacturing companies. The population of this study is 192 manufacturing companies that issue annual reports, do not bear any losses during the year of study, and are listed on the Indonesia Stock Exchange (IDX) for the period 2020 to 2021. The sample model used in this study is purposive sampling. The data analysis technique used in this research is descriptive statistical analysis, classical assumption test and moderate regression analysis (MRA). The results of the study show that green innovation has a significant effect on firm value. ROA and ROE financial performance have a significant effect on firm value. ROA's financial performance is able to moderate between green innovation and company value. Meanwhile, ROE's financial performance is not able to moderate between green innovation and firm value.

Keywords


Firm value, FinancialaPerformance, Green Innovation

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References


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DOI: https://doi.org/10.30596/miceb.v1i0.227

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