INOVASI HIJAU, DAYA SAING, DAN KINERJA KEUANGAN BISNIS ULTRA-MIKRO DAN MIKRO: MODERASI INTERNASIONALISASI
Abstract
Penelitian ini mengkaji hubungan antara inovasi hijau, daya saing, dan kinerja keuangan pada usaha kerajinan ultra-mikro dan mikro di Jawa Barat, Indonesia. Dengan menggunakan survei kuantitatif eksploratori, data dari 403 pemilik dan manajer usaha dikumpulkan melalui kuesioner terstruktur, mencakup demografi dan variabel kunci yang dinilai dengan skala Likert. Analisis dilakukan dengan menggunakan PLS-SEM melalui Smart-PLS 3.0. Hasil penelitian menunjukkan bahwa inovasi hijau secara signifikan meningkatkan daya saing, meskipun tidak secara langsung memperbaiki kinerja keuangan. Daya saing memediasi hubungan antara inovasi hijau dan hasil keuangan, dengan internasionalisasi memperkuat efek ini. Penelitian ini merekomendasikan peningkatan investasi dalam inovasi hijau dan internasionalisasi untuk meningkatkan daya saing dan keberhasilan keuangan. Wawasan ini sangat penting bagi pemilik usaha dan pembuat kebijakan untuk meningkatkan keberlanjutan dan daya saing di pasar global yang semakin kompetitif.
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References
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Assaf, A. G., Alexander, J., Brian, T. R., & Carlos, P. B. (2012). Internationalization and Performance of Retail Firms: A Bayesian Dynamic Model. Journal of Retailing, 88(2), 191–205.
Baierle, I. C., Benitez, G. B., Nara, E. O. B., Schaefer, J. L., & Sellitto, M. A. (2020). Influence of open innovation variables on the competitive edge of small and medium enterprises. Journal of Open Innovation: Technology, Market, and Complexity, 6(4), 1–17. https://doi.org/10.3390/joitmc6040179
Borsatto, J. M. L. S., Pimenta, D. P., Bazani, C. L., & Jesuka, D. (2024). Social, Economic and Competitiveness aspects of Green Innovation. Advances in Scientific and Applied Accounting, 17(1), 214–229. https://doi.org/10.14392/asaa.2024170109
Büyükoğlu, B., Şit, A., & Buyuran, B. (2023). Relationship Between Competition and Financial Development in Countries: Comparison of Turkey-BRICS Countries. Adiyaman University Journal of Social Sciences, 43, 356–378. https://doi.org/10.14520/adyusbd.1231621
Creswell, J. W. (2013). Research design: Qualitative, quantitative, and mixed methods approaches.
Garad, A., & Khalifa, M. (2024). Green Innovation and Firm Performance: The Role of Environmental Management Practices. International Journal of Green Management and Business Studies, 4(1). https://doi.org/10.56830/IJGMBS06202401
German, J. D., Redi, A. A. N. P., Ong, A. K. S., & Liwanag, J. L. (2023). The impact of green innovation initiatives on competitiveness and financial performance of the land transport industry. Heliyon, 9(8). https://doi.org/10.1016/j.heliyon.2023.e19130
Hair, J. F., Hult, G. T. M., Ringle, C. M., Sarstedt, M., Danks, N. P., & Ray, S. (2021). Evaluation of Formative Measurement Models. https://doi.org/10.1007/978-3-030-80519-7_5
Hermundsdottir, F., & Aspelund, A. (2021). Sustainability innovations and firm competitiveness: A review. Journal of Cleaner Production, 280.
Jia, G., & Kassim, A. A. M. (2024). The Effect of Green Innovation on Corporate Financial Performance: A Literature Review. Journal of Theory and Practice of Management Science, 4(05), 13–20. https://doi.org/10.53469/jtpms.2024.04(05).02
Kyengo, F. N., Roche, C., & Kavale, S. (2023). Effect of Bank Loan Financing on Financial Performance of Smes in Mombasa County, Kenya. Strategic Journal of Business & Change Management, 10(2), 973–980. https://doi.org/10.61426/sjbcm.v10i2.2644
Le, T. T., & Ikram, M. (2022). Do sustainability innovation and firm competitiveness help improve firm performance? Evidence from the SME sector in vietnam. Sustainable Production and Consumption, 29, 588–599. https://doi.org/10.1016/j.spc.2021.11.008
Li, G., Wang, X., Su, S., & Su, Y. (2019). How green technological innovation ability influences enterprise competitiveness. Technology in Society, 59, 101136. https://doi.org/10.1016/j.techsoc.2019.04.012
Li, S., Li, X., Zhao, Q., Zhang, J., & Xue, H. (2022). An Analysis of the Dimensional Constructs of Green Innovation in Manufacturing Enterprises: Scale Development and Empirical Testing. Sustainability (Switzerland), 14(24).
Liu, L., Feng, A., & Liu, M. (2024). The effect of green innovation on corporate financial performance: Does quality matter? Finance Research Letters, 62. https://doi.org/10.1016/j.frl.2024.105255
Madzimure, J. (2020). Supply Chain Robustness, Firm Competitiveness and Performance of South African Logistics Firms. Eurasian Journal of Business and Management, 8(2), 137–149. https://doi.org/10.15604/ejbm.2020.08.02.007
Novitasari, M., & Agustia, D. (2023). Competitive advantage as a mediating effect in the impact of green innovation and firm performance. Business: Theory and Practice, 24(1), 216–226. https://doi.org/10.3846/btp.2023.15865
Nurdiyanti, S., & Sarumpaet, S. (2024). The Effect of Green Technology Innovation on Financial Performance in Manufacturing Companies Listed on the Indonesia Stock Exchange. International Journal of Economics, Management and Accounting, 1(3), 69–82. https://doi.org/10.61132/ijema.v1i3.154
Padilla-Lozano, C. P., Padilla-Lozano, J., Reyes Ortiz, G. E., & Collazzo, P. (2024). Green innovation and competitiveness: empirical evidence from Ecuadorian manufacturing. Management Research: Journal of the Iberoamerican Academy of Management, 22(3), 303–323. https://doi.org/10.1108/MRJIAM-03-2023-1405
Rodrigues, M., & Franco, M. (2023). Green Innovation in Small and Medium-Sized Enterprises (SMEs): A Qualitative Approach. Sustainability (Switzerland), 15(5).
Rudianto, D. (2020). Measuring the Financial Performance Prior and After the Initial Public Offering (IPO) of Companies Listed in the Indonesian Stock Exchange (IDX). Proceedings of the International Conference on Strategic Issues of Economics, Business and Education, 231–237.
Ruigrok, W., & Wagner, H. (2003). Internationalization and Performance : An Organizational Learning Perspective. Management International Review, 43(April), 63–83.
Shan, H., & Shao, S. (2024). Impact of green innovation on carbon reduction in China. Scientific Reports, 14(1), 14032. https://doi.org/10.1038/s41598-024-64554-y
Soesetio, Y., Rudhiningtyas, D. A., Sudarmiatin, S., & Mukhlis, I. (2021). Does internationalization moderate the effect of SMEs size, age, and other financial determinants on investment opportunities set? Evidence from Indonesia. JEMA: Jurnal Ilmiah Bidang Akuntansi Dan Manajemen, 18(2), 164. https://doi.org/10.31106/jema.v18i2.10393
Soesetio, Y., Soetjipto, B. E., Handayati, P., Winarno, A., Rudiningtyas, D. A., Mawardi, M. C., & Realita, T. N. (2024). Innovation and Firm Competitiveness as Intervening Variables in Improving Financial Performance of MSMEs. Jurnal Aplikasi Manajemen, 22(2), 524–546. https://doi.org/10.21776/ub.jam.2024.022.02.16
Sun, W., Price, J., & Ding, Y. (2019). The longitudinal effects of internationalization on firm performance: The moderating role of marketing capability. Journal of Business Research, 95(August), 326–337. https://doi.org/10.1016/j.jbusres.2018.08.014
Tu, Y., & Wu, W. (2021). How does green innovation improve enterprises’ competitive advantage? The role of organizational learning. Sustainable Production and Consumption, 26, 504–516. https://doi.org/10.1016/j.spc.2020.12.031
Wahyuni, H., Melani, E., & Candrawati, T. (2020). Competitive Advantage as a Mediating Variable to the Relationship Between Intellectual Capital and Financial Performance. 1st Annual Management, Business and Economic Conference (AMBEC 2019), 136, 69–74. https://doi.org/10.2991/aebmr.k.200415.014
Xue, M., Boadu, F., & Xie, Y. (2019). The penetration of green innovation on firm performance: Effects of absorptive capacity and managerial environmental concern. Sustainability (Switzerland), 11(9). https://doi.org/10.3390/su11092455
Yasrawan, K. T., Desak Nyoman Sri Werastuti, & Edy Sujana. (2023). Competitive Advantage as A Link Between the Influence of Intellectual Capital and CSR on Financial Performance. Jurnal Ilmiah Akuntansi, 8(1), 1–27. https://doi.org/10.23887/jia.v8i1.46981
Zhou, L., Wu, W. P., & Luo, X. (2007). Internationalization and the performance of born- global SMEs: The mediating role of social networks. Journal of International Business Studies, 38(4), 673–690. https://doi.org/10.1057/palgrave.jibs.8400282
Published
2024-10-26
How to Cite
RUDININGTYAS, Dyah Arini; -, Sudarmiatin; WARDANA, Ludi Wisnu.
INOVASI HIJAU, DAYA SAING, DAN KINERJA KEUANGAN BISNIS ULTRA-MIKRO DAN MIKRO: MODERASI INTERNASIONALISASI.
E-Jurnal Manajemen, [S.l.], v. 13, n. 10, p. 1617 - 1629, oct. 2024.
ISSN 2302-8912. Available at: <https://ojs.unud.ac.id/index.php/manajemen/article/view/119115>. Date accessed: 21 nov. 2024.
doi: https://doi.org/10.24843/EJMUNUD.2024.v13.i10.p08.
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