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Pengaruh Keunggulan Bersaing Hijau dan Inovasi Hijau terhadap Kinerja Keuangan: Studi Empiris Pada Perusahaan Sektor Barang Baku yang Terdaftar di Bursa Efek Indonesia Periode 2020-2024 Laela Novianti; Lativa Lativa
Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce Vol. 5 No. 3 (2026): September : Digital Bisnis: Jurnal Publikasi Ilmu Manajemen dan E-Commerce
Publisher : Universitas 45 Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30640/digital.v5i3.7751

Abstract

This study aims to analyze the effect of Green Competitive Advantage and Green Innovation on Financial Performance (An Empirical Study of Basic Materials Sector Companies Listed on the Indonesia Stock Exchange during the 2020–2024 period). The data used in this study are secondary data obtained from annual reports and sustainability reports. This research employs a quantitative approach using panel data from 15 basic materials sector companies that met the predetermined criteria. The data analysis methods include descriptive statistics, panel data regression model selection, classical assumption tests, panel data regression analysis, coefficient of determination analysis, and hypothesis testing through F-tests and t-tests. The results indicate that Green Competitive Advantage has no significant effect on financial performance. This is evidenced by a t-statistic value of 1.204137, which is lower than the t-table value of 1.993464, and a probability value of 0.2334, which is greater than 0.05. On the other hand, Green Innovation has a positive and significant effect on financial performance, as indicated by a t-statistic value of 2.144449, which is higher than the t-table value of 1.993464, and a probability value of 0.0362, which is less than 0.05. Furthermore, Green Competitive Advantage and Green Innovation simultaneously have a significant effect on financial performance. This is demonstrated by a significance value of 0.000067, which is less than 0.05, and an F-statistic value of 3.898480, which exceeds the F-table value of 3.124.