This study investigates the moderating role of intellectual capital in the relationship between green performance and corporate value, drawing on resource-based views and stakeholder theory. Using 264 panel data from Indonesian public companies (2017-2022), we measure green performance with the PROPER index, intellectual capital using the Value-Added Intellectual Coefficient (VAIC), and corporate value using Tobin's Q. Our findings support the positive effects of both green performance and intellectual capital on corporate value. However, the moderating effect of intellectual capital, while positive, was not statistically significant. These findings emphasize the importance of environmental initiatives and intellectual capital management in creating corporate value, suggesting potential synergies between environmental performance and intellectual resources. Our study contributes to the literature on strategic management and environmental sustainability by elucidating the complex interplay between these factors in an emerging market context. The findings have important implications for managers in optimizing investments to enhance corporate value.
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