The Effect of Green Intellectual Capital, Good Corporate Governance, and Growth Options on Sustainability Performance

Husnul Khotimah; Endang Ruhiyat; Dani Rahman Hakim

doi:10.14414/jebav.v27i1.4256

Authors

Husnul Khotimah Universitas Pamulang, Tangerang Selatan, Banten, Indonesia
Endang Ruhiyat Universitas Pamulang, Tangerang Selatan, Banten, Indonesia
Dani Rahman Hakim Universitas Pamulang, Tangerang Selatan, Banten, Indonesia

DOI:

https://doi.org/10.14414/jebav.v27i1.4256

Keywords:

Good corporate governance, Green intellectual capital, Growth options, Sustainability performance

Abstract

Global climate change, deforestation, plastic pollution, and other environmental issues have made sustainability performance an increasingly researched topic. This study investigates the impact of green intellectual capital, good corporate governance, and growth options on the sustainability performance of primary consumer goods sector companies in Indonesia. Additionally, it examines the moderating role of public ownership. We measure sustainability performance using a composite index based on the sustainability balanced scorecard and the G4 Global Reporting Initiative's sustainability reporting disclosure framework. To our knowledge, this study is the first to employ this specific measurement method. Using a random effects estimator on 144 observations, we estimated our models. The findings indicate that good corporate governance, growth options, and public ownership positively influence sustainability performance, while green intellectual capital does not. Furthermore, the study reveals that public ownership strengthens the effects of green intellectual capital and growth options on sustainability performance. This suggests that in companies with low public ownership, green intellectual capital alone may not sufficiently enhance sustainability performance.

Author Biographies

Husnul Khotimah, Universitas Pamulang, Tangerang Selatan, Banten, Indonesia

Husnul Khotimah is a senior lecturer in the Faculty of Economics and Business atUniversitas Pamulang, Indonesia. She is also the Head of the Diploma 4 Tax AccountingStudy Program at Universitas Pamulang. She holds a couple of master's degrees inmanagement and accounting. Her research interests are accounting and taxation. Authorcontact details: Jl. Puspitek, Buaran, Kec. Serpong, Kota Tangerang Selatan, Banten 15310,Indonesia. Email: husnulkh28@gmail.com

Endang Ruhiyat, Universitas Pamulang, Tangerang Selatan, Banten, Indonesia

Endang Ruhiyat is a senior lecturer in the Master of Accounting Study Program atUniversitas Pamulang, Indonesia. He is also the Dean of the Faculty of Economics andBusiness at Universitas Pamulang. He earned his Doctoral degree in economics fromUniversitas Trisakti. His research interests are accounting, green accounting, sustainability,and financial accounting. He has engaged in various professional organizations, such as theIndonesian Accountants Association (IAI). He has also been an external examiner forDoctoral students in accounting programs at several universities. Author contact details: Jl.Puspitek, Buaran, Kec. Serpong, Kota Tangerang Selatan, Banten 15310, Indonesia. Email:E-ruhiyat_00020@unpam.ac.id

Dani Rahman Hakim, Universitas Pamulang, Tangerang Selatan, Banten, Indonesia

Dani Rahman Hakim is a senior lecturer in the Education Economics Study Program,Faculty of Education and Teacher Education at Universitas Pamulang, Indonesia. He earnedhis Bachelor's in economics education from Universitas Kuningan in 2013 and Master's ineconomics education from Universitas Negeri Semarang in 2016. Recently, he held aDoctoral degree in economics education from the Universitas Pendidikan Indonesia in 2023.His research interests focus on economics, economics of education, economics education, andaccounting. He wrote many articles in both national and international journals. Besides, he isalso a columnist for several national mass media in Indonesia. Some of his best articles havebeen published by the Russian Journal of Economics, Jurnal Ekonomi Malaysia, Institutionsand Economies, and the International Journal of Education Economics and Development.Author contact detail: Jl. Puspitek, Buaran, Kec. Serpong, Kota Tangerang Selatan, Banten15310, Indonesia. Email: danirahmanhak@gmail.com. Orchid: https://orcid.org/0000-0001-5385-493X

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