Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation
This study explores the influence of corporate social responsibility (CSR) and green innovation on corporate financial performance. Using purposive sampling, the research examines a sample of 126 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Data were collec...
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| Format: | Article |
| Language: | English |
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Universitas Syiah Kuala
2025-03-01
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| Series: | Jurnal Dinamika Akuntansi dan Bisnis |
| Subjects: | |
| Online Access: | https://jurnal.usk.ac.id/JDAB/article/view/39531 |
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| _version_ | 1850081225850486784 |
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| author | Hery Haryanto Cindy Hartono Hesniati Hesniati |
| author_facet | Hery Haryanto Cindy Hartono Hesniati Hesniati |
| author_sort | Hery Haryanto |
| collection | DOAJ |
| description | This study explores the influence of corporate social responsibility (CSR) and green innovation on corporate financial performance. Using purposive sampling, the research examines a sample of 126 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Data were collected from the sample companies’ annual reports. Employing regression analysis to analyze the data, this study finds that CSR and green innovation positively affect financial performance. Companies that actively engage in CSR initiatives are more likely to implement environmentally friendly innovations. This study also found that green innovation mediates the relationship between CSR and financial performance. Consequently, prioritizing CSR fosters green innovation, which, in turn, improves financial performance through increased efficiency, corporate reputation, and market opportunities. This study provides valuable insights for managers and practitioners, highlighting the strategic role of CSR in strengthening financial performance through green innovation. |
| format | Article |
| id | doaj-art-89c8fb88e2cb4ab0a25246231efbdc4a |
| institution | DOAJ |
| issn | 2355-9462 2528-1143 |
| language | English |
| publishDate | 2025-03-01 |
| publisher | Universitas Syiah Kuala |
| record_format | Article |
| series | Jurnal Dinamika Akuntansi dan Bisnis |
| spelling | doaj-art-89c8fb88e2cb4ab0a25246231efbdc4a2025-08-20T02:44:47ZengUniversitas Syiah KualaJurnal Dinamika Akuntansi dan Bisnis2355-94622528-11432025-03-01121214010.24815/jdab.v12i1.3953120105Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green InnovationHery Haryanto0Cindy Hartono1Hesniati Hesniati2Universitas Internasional BatamUniversitas Internasional BatamUniversitas Internasional BatamThis study explores the influence of corporate social responsibility (CSR) and green innovation on corporate financial performance. Using purposive sampling, the research examines a sample of 126 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022. Data were collected from the sample companies’ annual reports. Employing regression analysis to analyze the data, this study finds that CSR and green innovation positively affect financial performance. Companies that actively engage in CSR initiatives are more likely to implement environmentally friendly innovations. This study also found that green innovation mediates the relationship between CSR and financial performance. Consequently, prioritizing CSR fosters green innovation, which, in turn, improves financial performance through increased efficiency, corporate reputation, and market opportunities. This study provides valuable insights for managers and practitioners, highlighting the strategic role of CSR in strengthening financial performance through green innovation.https://jurnal.usk.ac.id/JDAB/article/view/39531corporate social responsibilityfirm performancegreen innovationmanufacturing companies |
| spellingShingle | Hery Haryanto Cindy Hartono Hesniati Hesniati Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation Jurnal Dinamika Akuntansi dan Bisnis corporate social responsibility firm performance green innovation manufacturing companies |
| title | Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation |
| title_full | Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation |
| title_fullStr | Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation |
| title_full_unstemmed | Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation |
| title_short | Unlocking Profitability: How CSR Practices Drive Financial Performance Through Green Innovation |
| title_sort | unlocking profitability how csr practices drive financial performance through green innovation |
| topic | corporate social responsibility firm performance green innovation manufacturing companies |
| url | https://jurnal.usk.ac.id/JDAB/article/view/39531 |
| work_keys_str_mv | AT heryharyanto unlockingprofitabilityhowcsrpracticesdrivefinancialperformancethroughgreeninnovation AT cindyhartono unlockingprofitabilityhowcsrpracticesdrivefinancialperformancethroughgreeninnovation AT hesniatihesniati unlockingprofitabilityhowcsrpracticesdrivefinancialperformancethroughgreeninnovation |