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Political connection as a moderator in the relationship between green innovation and firm value: The mediating role of financial performance in Indonesia Siti Rochmah; Putri Aulia Emha; Nadila Deryza Syofrin
Priviet Social Sciences Journal Vol. 6 No. 2 (2026): February 2026
Publisher : Privietlab

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55942/pssj.v6i2.1225

Abstract

This study aims to analyze the influence of green innovation on the value of companies with financial performance as mediators and political connections as moderation variables in the energy sector listed on the Indonesia Stock Exchange for the period 2020–2024. Using the purposive sampling method of 50 observations, the data was analyzed through Partial Least Square (PLS-SEM) with the help of SmartPLS 4.0. The results of the study revealed that green innovation had a significant positive effect on financial performance (β=0.252; p=0.031), but has no direct effect on the company's value (β=0.051; p=0.681). Financial performance was also found to fail to mediate the relationship (β=0.017; p=0.672), indicating that the capital market has not appreciated internal efficiency based on the environment independently. The most crucial finding is that political connections act as the main differentiating factor. Green innovation significantly improves financial performance (β=0.304; p=0.050) and company value (β=0.244; p=0.042) only in entities with political networks. The implications of this study confirm that in emerging markets, the technical capabilities of innovation must synergize with political institutional assets to achieve optimal market performance; therefore, the government needs to design a more transparent and inclusive energy transition incentive scheme for all industry players.           
English: 225 - 236 Putri Aulia Emha; Ahmad Anies Rukhan; Siti Rochmah
SPECTA Journal of Technology Vol. 10 No. 2 (2026): Specta Journal of Technology
Publisher : LPPM ITK

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35718/specta.v10i2.8481917

Abstract

This study explores how tactical urbanism can serve as a low-cost and adaptive strategy for revitalizing riverbank environments in tropical cities, using Benua Anyar in Banjarmasin as a case study. The research aims to examine how small-scale, modular and reversible interventions can enhance accessibility, support local economies, and improve environmental quality in river-dependent communities. A design-based and participatory approach was employed, integrating spatial mapping and community engagement to identify key challenges and potentials within the study area. The analysis revealed three main zones, floating aquaculture units, riverside residential corridors and a culinary tourism cluster along with critical issues such as unsafe pedestrian paths, disorganized vending areas, waste accumulation, fragmented circulation and limited public spaces. At the same time, significant opportunities were identified in productive aquaculture, culinary tourism and strong socio-cultural connections to the river. In response, three tactical design prototypes were developed: a floating aquaculture deck, an elevated tourism-housing walkway and a structured culinary riverfront module. These interventions demonstrate how incremental, low-cost and community-driven strategies can improve mobility, organize economic activities and enhance environmental awareness. The novelty of this study lies in integrating tactical urbanism with community-based riverfront revitalization in a tropical context. The study concludes that tactical urbanism provides a flexible and context-responsive framework for sustainable riverbank development.