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The Mediating Effect of Environmental Management Accounting on Green Innovation - Firm Value Relationship

Author

Listed:
  • Dian Agustia

    (Faculty of Economic and Busines, Universitas Airlangga, Indonesia)

  • Tjiptohadi Sawarjuwono

    (Faculty of Economic and Busines, Universitas Airlangga, Indonesia)

  • Wiwiek Dianawati

    (Faculty of Economic and Busines, Universitas Airlangga, Indonesia)

Abstract

This study was conducted to determine the effect of green innovation on firm value with environmental management accounting as an intervening variable. Companies that are able to create green innovation will not only get the economic benefits but also the competitive advantage, therefore it will increase the value of the firm. The application of green innovation will be able to improve the application of environmental management accounting, thereby reducing the impact of environmental damage due to the company's business processes. With manufacturing and the main sector's companies listed on the BEI 2012-2015 as the population, using purposive sampling, this study has obtained 277 companies as a sample. The result shows that green innovation has an effect on environmental management accounting, while environmental management accounting has proven to affect firm value, and green innovation has an influence on firm value.

Suggested Citation

  • Dian Agustia & Tjiptohadi Sawarjuwono & Wiwiek Dianawati, 2019. "The Mediating Effect of Environmental Management Accounting on Green Innovation - Firm Value Relationship," International Journal of Energy Economics and Policy, Econjournals, vol. 9(2), pages 299-306.
    • Handle: RePEc:eco:journ2:2019-02-36
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    References listed on IDEAS

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    2. Boyd, James, 1998. "The Benefits of Improved Environmental Accounting: An Economic Framework to Identify Priorities," RFF Working Paper Series dp-98-49, Resources for the Future.
    3. Klaus Rennings & Christian Rammer, 2009. "Increasing Energy and Resource Efficiency through Innovation: An Explorative Analysis Using Innovation Survey Data," Czech Journal of Economics and Finance (Finance a uver), Charles University Prague, Faculty of Social Sciences, vol. 59(5), pages 442-459, December.
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    Cited by:

    1. Eka Ardhani Sisdyani & Bambang Subroto & Erwin Saraswati & Zaki Baridwan, 2020. "Levers of Eco-control and Green Behavior in Medical Waste Management," International Journal of Energy Economics and Policy, Econjournals, vol. 10(4), pages 194-204.
    2. Agus Joko Pramono & Suwarno Suwarno & Firdaus Amyar & Renny Friska, 2023. "The Effect of Environmental Management Accounting and Control System Integration on Sustainability Orientation through Sectoral Green Economy Mediation," International Journal of Energy Economics and Policy, Econjournals, vol. 13(5), pages 348-354, September.
    3. Syahidun & Lenny C. Nawangsari, 2022. "The Effect of Green Human Capital, Green Structural Capital and Green Relation Capital on Company Sustainability by Mediating Green Environment Management," Academic Journal of Interdisciplinary Studies, Richtmann Publishing Ltd, vol. 11, September.
    4. Nico Alexander, 2023. "Green Accounting and Firm Value ," GATR Journals afr223, Global Academy of Training and Research (GATR) Enterprise.
    5. Wahidatul Husnaini & Bambang Tjahjadi, 2021. "Quality Management, Green Innovation and Firm Value: Evidence from Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 255-262.
    6. Khanifah Khanifah & Udin Udin & Nor Hadi & Fitri Alfiana, 2020. "Environmental Performance and Firm Value: Testing the Role of Firm Reputation in Emerging Countries," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 96-103.
    7. Quang Linh Huynh & Van Kha Nguyen, 2024. "The Role of Environmental Management Accounting in Sustainability," Sustainability, MDPI, vol. 16(17), pages 1-21, August.
    8. Imam Hidayat & Hamdani Hamdani & Dirvi Surya Abbas & Nguyen Thanh Lam & Petty Aprilia Sari, 2024. "The Role of Environmental Management Accounting in Mediating Green Innovation to Firm Value: Moderated by Quality Management," International Journal of Energy Economics and Policy, Econjournals, vol. 14(3), pages 281-287, May.
    9. Morteza Akbari & Hamid Padash & Zahra Shahabaldini Parizi & Haniye Rezaei & Elmira Shahriari & Ala Khosravani, 2022. "A bibliometric review of green innovation research: identifying knowledge domain and network," Quality & Quantity: International Journal of Methodology, Springer, vol. 56(6), pages 3993-4023, December.
    10. Lely Kumalawati & Made Sudarma & Aulia Fuad Rahman & Syaiful Iqbal, 2023. "Implementation of Environmental Management Accounting and Energy Efficiency for Green Economy Achievements in the Textile Industry in Indonesia," International Journal of Energy Economics and Policy, Econjournals, vol. 13(2), pages 149-156, March.
    11. Khaled Tekala & Sarvnaz Baradarani & Ahmad Alzubi & Ayşen Berberoğlu, 2024. "Green Entrepreneurship for Business Sustainability: Do Environmental Dynamism and Green Structural Capital Matter?," Sustainability, MDPI, vol. 16(13), pages 1-24, June.
    12. Hanyuan Liang & Guangliang Li & Weikun Zhang & Zhe Chen, 2022. "The Impact of Green Innovation on Enterprise Performance: The Regulatory Role of Government Grants," Sustainability, MDPI, vol. 14(20), pages 1-17, October.

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    More about this item

    Keywords

    green innovation; environmental management accounting; firm value;
    All these keywords.

    JEL classification:

    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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