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

Vol. 27 No. 1 (2024), Articles

Vol. 27 No. 1 (2024) Pages 113-129

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

Husnul Khotimah⁺⁻
Endang Ruhiyat⁺⁻
Dani Rahman Hakim⁺⁻

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: 10.14414/jebav.v27i1.4256

Published 30-07-2024

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Keywords

Good corporate governance
Green intellectual capital
Growth options
Sustainability performance

How to Cite

Khotimah, H., Ruhiyat, E., & Hakim, D. R. (2024). The Effect of Green Intellectual Capital, Good Corporate Governance, and Growth Options on Sustainability Performance . Journal of Economics, Business, & Accountancy Ventura, 27(1), 113-129. https://doi.org/10.14414/jebav.v27i1.4256

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.

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

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