The impact of green innovations accounting on firm value: Moderating role of intangible assets in Saudi industrial sector

The purpose of this study is to close the gap in the literature and offer new perspectives on the relationship between business value, green innovation, accounting, and intangible assets. This study seeks to increase our knowledge of how intangible assets mediate the relationship between company value and green innovation accounting. The study sample is composed of manufacturing businesses from 13 Saudi Arabian industrial locations. The total final sample collected consists of 727 industrial firms in the Saudi environment for the year ended in 2023. Results indicate that green innovation accounting has a positive effect on firm value, and intangible assets also positively affect firm value. Increasing the components of intangible assets leads to a greater increase in firm value, and the interaction between the total green innovation index and the logarithm of capitalized intangibles results in a further increase in firm value. The results also show that the interaction between green innovation, measured by the natural logarithm of R&D, and the components of intangible assets positively affects firm value. Increasing the interaction between green innovation, measured by the natural logarithm of R&D, and intangible assets leads to a further increase in firm value.