Title : The Mediating Role of Financial Performance in the Relationship between Green Innovation and Firm Value: Evidence from Asean Countries
Authors:
- Nur Asni
- Dian Agustia
Department : Accounting
Journal Name : European Journal of Innovation Management
Kinds of Journal : Q1
Keywords : ASEAN Countries, Financial Performance, Firm Value, Green Innovation
Abstract:
Purpose: The purpose of this paper is to investigate the medical role of financial performance (FP) in modeling the relationship between green innovation (GI) and firm value (FV), using Asean Countries as sample with panel analysis. Design/Methodology/Approach: A Panel Data was collected from 374 publicly traditioned compans in Six Asean Countries, and was analying using feasible general least squares (FGLS) to control heteroscedasticity and serial correllation. Finding: The Finding Suggest That Financial Performance, Namely Return on Assets (ROA) and Return On Equity (ROE), has a significant value in Mediating the relationship between GI and FV. This illustrates that investors in the ASEAN region's capital market are more interested in the economic motivation for companions implementing GI. Other Findings Also Provide Evidence that Roa and Roe Have Positive and Significant Effects on FV. This indicates that the profitability resuluation from a firm's ability to continue innovate has a positive impact on the creation of value by manufacturing compans in the asean region. Research Limitations/Implications: The Number of Observations is still relatively limited, from manufacturing companies listed on stock exchanges in the Asean Countries. The total number of samples used in this study was 374 compans with 22.30% of the total population. Originity/Value: This Study Combines The Different Types of Secondary Data to Provide Panel EVIDENCE on the Mediating Effect of Financial Performance Using Roa and Roe in the Relationship Betaen Green Innovation and Firm Value, Using Asean Countries as the sample.
For details : https://doi.org/10.1108/ejim-11-2020-0459
