Green Intellectual Capital Moderates the Relationship Between Business Strategy and Green Accounting on Firm Value (Empirical Study of Energy Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the 2021-2024 Period)

Seli Nur Azizah; Endang Ruhiyat; Sugiyanto

doi:10.59890/ijetr.v3i4.252

Authors

Seli Nur Azizah Universitas Pamulang
Endang Ruhiyat Univeristas Pamulang
Sugiyanto Universitas Pamulang

DOI:

https://doi.org/10.59890/ijetr.v3i4.252

Keywords:

Green Intellectual Capital, Business Strategy, Green Accounting, Firm Value

Abstract

This research investigates the moderating function of Green Intellectual Capital in the relationship between Business Strategy and Green Accounting with respect to Firm Value. The study employs secondary data derived from annual reports and sustainability reports of energy sector firms listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A purposive sampling technique was applied, yielding a sample of 49 companies and a total of 196 firm-year observations. The data were analyzed using Eviews 12. The results demonstrate that Business Strategy and Green Accounting jointly exert a significant influence on Firm Value. Furthermore, the moderation analysis indicates that Green Intellectual Capital does not significantly moderate the relationship between Business Strategy and Firm Value; however, it plays a significant moderating role in the relationship between Green Accounting and Firm Value.

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