The Influence of Green Intellectual Capital, Islamic Corporate Social Responsibility, and Good Corporate Governance on Financial Performance with Green Competitive Advantage as a Moderating Variable in Halal Companies in Indonesia and Malaysia
Pengaruh Green Intellectual Capital, Islamic Corporate Social Responsibility, dan Good Corporate Governance terhadap Kinerja Keuangan dengan Green Competitive Advantage sebagai Variabel Moderating pada Perusahaan Halal di Indonesia dan Malaysia
DOI:
https://doi.org/10.21070/ups.11067Keywords:
Green Intellectual Capital, Islamic Corporate Social Responsibility, Good Corporate Governance, Kinerja Keuangan, Green Competitive AdvantageAbstract
This study aims to analyze the effects of Green Intellectual Capital, Islamic Corporate Social Responsibility, and Good Corporate Governance on financial performance, with Green Competitive Advantage serving as a moderating variable. The research subjects are halal companies listed on the Indonesia Stock Exchange and the Bursa Malaysia. This study uses secondary data in the form of annual reports with a purposive sampling technique, resulting in 219 research samples. The analysis method used is Moderated Regression Analysis (MRA) with the assistance of SPSS. The results indicate that Green Intellectual Capital has a significant positive effect on financial performance, Islamic Corporate Social Responsibility has no significant effect on financial performance, and Good Corporate Governance has a significant negative effect. Green Competitive Advantage was found to weaken the effects of Green Intellectual Capital and Islamic Corporate Social Responsibility on financial performance, but to strengthen the effect of Good Corporate Governance on financial performance.
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