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GREEN INNOVATION-ORIENTED STRATEGY AND FINANCIAL PERFORMANCE OF MANUFACTURING MSMES: TOWARD GREEN ECONOMIC SUSTAINABILITY Nurlia; Juwari; Hiezkia Xena Saban; Nadya Putri Indraswari
KRISNA: Kumpulan Riset Akuntansi Vol. 17 No. 2 (2026): KRISNA: Kumpulan Riset Akuntansi
Publisher : Faculty of Economics and Business, Universitas Warmadewa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22225/kr.17.2.2026.200-212

Abstract

The objective of this study is to examine how environmental regulations impact the financial performance of manufacturing MSMEs, taking into account the mediating role of green innovation-oriented (GIO) and the moderating role of green dynamic capability (GDC). A quantitative approach using SEM-PLS analysis was applied to data from 177 respondents in North Balikpapan. The findings indicate that environmental regulations do not directly affect financial performance. However, they significantly enhance GIO, which subsequently has a positive and significant impact on financial performance. Additionally, while GDC directly influences financial performance, it does not moderate the relationship between environmental regulation and financial performance. This study emphasizes the importance of green innovation as a strategic response to regulatory pressures for improving MSME performance in a sustainable manner.
Co-Authors Abdurrohman Achmad Aminudin Ahmad Soderi Alitha Gerhana Iriyanti Amelia Dwi Anita Andri Satria Wijaya Anjelis Ratu Wulan Anwar T Sitorus Arainy, Corizon Sinar Arfina Rahma Ari Pujangga Pangestu Arrum Mustika Zulviani Awaludin Rauf Firmansyah Azhari, Sabda Azizil Yudaruddin, Yanzil C. Prihandoyo Chairunnisa Al Wardah Chinta Noviadinda Christine April Dayanti Sitinjak Corizon Sinar Arainy Deanisa Putri Adinda Della Ananda Lesmana, Siti Desti Dwi Chayati Dhita Septianti Khairunisa Diantoro, Karno Didik Hadiyatno Dika Karlida Sari Dika Karlinda Sari Dimas Rama Pramudia Dwi Susil;owati Dwi Susilowati Dwi Susilowati Dwi Taufik Rohman Essy Malays Sari Sakti Eva Fidriani Firdaus, Muhammad Dzaky Ganjar Susilo Hairul Anam Hakun Wirawasista Hendrawan, Yudhi Herlina Agustina Hernadi Moorcy, Nadi Hesti Rahayu Hidayat, Ahid Yusuf Hiezkia Xena Saban Indraswari, Nadya Putri Indriana Purwaningsih Irfan Abdillah irvan Nurhakimi Istiqamah Istiqamah Karina Asih, Janet Karlinda Sari , Dika Karno Diantoro Kurniawan, Ahmad Misfa Kurniawan, Avip Lailatul Qadariyah Maritha, Vevi Mayana Asid, Gatik Melda Yulinda Miswaty Miswaty Mochammad Ainun Hikam Mohammad Fandy Ardhilla Muhammad Frisna Firmansyah Muhammad Ikrar Yamin Nadi Hernadi Moorcy Nadya Putri Indraswari Nesaputro, Muhammad Wahyue Nina Indriastuty Nisa, Sevia Wardahtun Novianti, Putri Ramadya Nur Amelia Nur Azizah Nur Ihda Farikhatin Nisa Nur Sa’diyah Nur Shakinah Nurlia Nurlia Nurlia Nurlia Nurlia Nurlia Nurlia Prasongko, Agung Priamay Sella, Ega Raden Darmawan Rahajeng Cahyaning Putri Cipto Rahma, Naila Ramadhani, Ranita Ranita Ramadhani Revisa Putri Syahrani Rinaldo Riska Amelia Risnawati Risnawati Rizqa Nurul Surayya Samroh Saromah Sekarsari, Dian Astriyana Sendianti Pati Setiyo Gunawan Setyasih, Iya Setyo Warsito Purwo Duksino Shinta Nuriah Syahad Siti Della Ananda Lesmana Sitorus, Anwar T Soderi, Ahmad Sudjinan Sudjinan Sudjinan, Sudjinan Sudjinan, Sudjinan Suhartono Suherna Suherna Sukamuljo, Wiratno Sukimin Sukimin Susilowatii, Dwi Sutriani Sutriani Tamzil Yusuf Taufik Rohman, Dwi Ting Anita Salim Tsabitah Mappangara Umi Kulsum Vicram Ramadhan Wiwik Saraswati, Wiwik Wulan, Anjelis Ratu Yamin, Muhammad Ikrar Yanzil Azizil Yudaruddin