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All Journal Jurnal Ilmiah Mahasiswa FEB Revitalisasi : Jurnal Ilmu Manajemen
Putro, Rachmadi Kusentyo
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Economics, Econometrics & Finance Education

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Journal : Revitalisasi : Jurnal Ilmu Manajemen

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Inovasi Hijau, Umur Top Management, dan Profitabilitas: Studi pada Perusahaan Listrik Putro, Rachmadi Kusentyo; Lubis, Arief Wibisono
REVITALISASI : Jurnal Ilmu Manajemen Vol 12 No 2 (2023): REVITALISASI : Jurnal Ilmu Manajemen
Publisher : Universitas Islam Kadiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/revitalisasi.v12i2.4594

Abstract

The matter of climate change is progressively emerging as a worldwide preoccupation. Companies must innovate in order to overcome this challenge and simultaneously sustain their profitability. The future trajectory of a company is heavily contingent upon the extent to which its leaders actively pursue and implement innovative practices. This study seeks to examine the correlation between green innovation, the age of senior management, and profitability in electricitiy companies, which are the primary contributors to carbon emissions. Utilizing panel data regression analysis with secondary data spanning from 2013 to 2022, this study reveals that green process innovation exerts a noteworthy influence on return on assets (ROA). Furthermore, the age of top management acts as a moderating factor in the association between green process innovation and ROA. However, green product innovation does not exert a substantial influence on profitability. This study addresses the lack of research conducted on electricity comapnies, providing valuable insights for corporate stakeholders who are contemplating investments in green innovation and taking age into account when choosing top management. To enhance the academic rigor of this study, other factors pertaining to top management characteristics, such as educational background and diversity of the top management team, can be used.
Co-Authors Arief Wibisono Lubis