Article Sidebar

Download
Full text PDF
Statistic
Read Counter : 264 Download : 277

Downloads

Download data is not yet available.

Main Article Content

Abstract

This study aims to examine the effect of green intellectual capital and organizational environmental management on green organizational identity and its impact on the green competitive strategy. In this study, green intellectual capital is represented by green human capital, green structural capital, and green relational capital. Meanwhile, the organization's environmental management is represented by an environmental-oriented organizational culture, environmental-oriented leadership, and environmental-oriented capabilities. This study applies a survey that is distributed to 170 respondents who have managerial positions. The sample selection for functional is that respondents have influence and experience in the organization where the respondent works. The number of questionnaires that were successfully returned from the respondents was 146 pieces. From the results of hypothesis testing, it is known that green human capital and environmentally oriented culture have a significant positive effect on green organizational identity. Meanwhile, green structural capital, green relational capital, environmentally oriented leadership, and environmentally oriented abilities do not affect green organizational identity. Green structural capital and green relational capital have a significant positive effect on the green competitive strategy. In contrast, green human capital, environmentally oriented culture, environmental-oriented leadership, and environmental-oriented abilities, green organizational identity do not affect the green competitive strategy.

Keywords

green competitive strategy green intellectual capital green organizational identity organizational environmental management

Article Details

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

References

  1. Basuki, K. (2012). Intellectual Capital, Financial Profitability, and Productivity: An Exploratory Study of the Indonesian Pharmaceutical Industry. Asian Journal of Business and Accounting, 5(2), 41–68.
  2. Berzkalne, I., & Zelgalve, E. (2014). Intellectual Capital And Company Value. Procedia - Social and Behavioral Sciences, 110, 887–896. https://doi.org/10.1016/j.sbspro.2013.12.934
  3. Bohdanowicz, L., & Urbanek, G. (2013). The Impact Of Ownership Structure On Intellectual Capital Efficiency: Evidence From The Polish Emerging Market. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2372412
  4. Bornemann, M. (1999). Potential of Value Systems According to the VAIC Method. International Journal Technology Management, 18, 463–475. https://doi.org/10.1504/IJTM.1999.002781
  5. Bozec, Y., & Bozec, R. (2007). Ownership Concentration and Corporate Governance Practices: Substitution or Expropriation Effects? Canadian Journal of Administrative Sciences, 24(3), 182–1990. https://doi.org/10.1002/cjas.23
  6. Brooking, A. (1996). Intellectual Capital: Core Assets for The Third Millenium Enterprise. Thomson Business Press.
  7. Chen, Y., Gao, L., & Zhang, Y. (2022). The Impact of Green Organizational Identity on Green Competitive Advantage: The Role of Green Ambidexterity Innovation and Organizational Flexibility. Mathematical Problems in Engineering, 2022, 1–18. https://doi.org/10.1155/2022/4305900
  8. Claessens, S., Djankov, S., & Lang, L. H. P. (2000). The Separation Of Ownership And Control In East Asian Corporations. Journal of Financial Economics, 58, 81–112. https://doi.org/10.1016/S0304-405X(00)00067-2
  9. Clarke, M., Seng, D., & Rosalind, H. W. (2010). Intellectual Capital and Firm Performance in Australia Department of Accountancy and Business Law. Working Paper Series, 12.
  10. Demsetz, H., & Lehn, K. (1985). The Structure Of Corporate Ownership: Causes And Consequences. Journal of Political Economy, 93, 1155–1177. https://doi.org/10.1086/261354
  11. Du, J., & Dai, Y. (2005). Ultimate Corporate Ownership Structures And Capital Structures: Evidence from East Asian Economies. Corporate Governance, 13(1), 60–71. https://doi.org/10.1111/j.1467-8683.2005.00403.x
  12. Edvinsson, L., & Malone, M. (1997). Intellectual Capital:Realizing Your Company’s True Value by Finding Its Hidden Brainpower. HarperCollins.
  13. Faccio, M., & Lang, L. H. P. (2002). The Ultimate Ownership of Western European Corporations. Journal of Financial Economics, 65, 365–395. https://doi.org/10.1016/S0304-405X(02)00146-0
  14. Fama, E. F. (1980). Agency Problems And The Theory Of The Firm. Journal of Political Economy, 88(2), 288–307. https://doi.org/10.1086/260866
  15. Fama, E. F., & Jensen, M. C. (1983). Separation Of Ownership And Control. Journal of Lawand Economics, 26(2), 301–325. https://doi.org/10.1086/467037
  16. Firer, S., & Williams, S. M. (2005). Firm Ownership Structure And Intellectual Capital Disclosures. SA Journal of Accounting Research, 19(1), 1–18. https://doi.org/10.1080/10291954.2005.11435116
  17. Freeman, R. E., & Reed, D. L. (1983). Stockholders And Stakeholders: A New Perspective On Corporate Governance. Californian Management Review, 25(2), 88–106. https://doi.org/10.2307/41165018
  18. Guthrie, J., & Parker, L. D. (1989). Corporate Social Reporting: A Rebuttal Of Legitimacy Theory. Accounting and Business Research, 19(76), 343–352. https://doi.org/10.1080/00014788.1989.9728863
  19. Jensen, M. C. (1986). Agency Costs Of Free Cash Flow, Corporate Finance, And Takeovers. American Economic Review, 76, 323–329. https://doi.org/10.2139/ssrn.99580
  20. Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4). https://doi.org/10.1016/0304-405X(76)90026-X
  21. Jensen, M. C., & Ruback, R. S. (1983). The Market For Corporate Control: The Scientific Evidence. Journal of Financial Economics, 11(1–4), 5–50. https://doi.org/10.1016/0304-405X(83)90004-1
  22. Kalyta, P. (2013). Corporate governance, human capital and firm value. http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2271223
  23. La Porta, R., Lopez-De-Silanes, F., & Shleifer, A. (1999). Corporate Ownership Around The word. The Journal of Finance, 54(2), 471–518. https://doi.org/10.1111/0022-1082.00115
  24. Martin, C., Seng, D., & Whiting, R. H. (2010). Intellectual Capital and Firm Performance in Australia. Journal of Intellectual Capital, 12(4), 505–530. https://doi.org/10.1108/14691931111181706
  25. Martins, V. W. B., Rampasso, I. S., Siltori, P. F. S., Cazeri, G. T., Anholon, R., Quelhas, O. L. G., & Leal Filho, W. (2020). Contributions from the Brazilian industrial sector to sustainable development. Journal of Cleaner Production, 272. Scopus. https://doi.org/10.1016/j.jclepro.2020.122762
  26. Morck, R., Shleifer, A., & Vishny, R. W. (1988). Management Ownership And Market Valuation. Journal of Financial Economics, 20, 293–315. https://doi.org/10.1016/0304-405X(88)90048-7
  27. Muhammad, N. M., & Ismail, M. K. A. (2009). Intellectual Capital Efficiency and Firm’s Performance: Study on Malaysian Financial Sectors. International Journals of Economics And Finance, 1(2). https://doi.org/10.5539/ijef.v1n2p206
  28. Murale, V., & Ashrafali, R. J. (2010). Impact of Intellectual Capital on Firm Performance: A Resource Based View Using VAIC Approach. International Journal of Business Management, Economics And Information Technology, 2(2), 183–292.
  29. Nor, K., & Karem, M. A. (2011). Intellectual Capital and the Financial Performance of Banks in Bahrain. Journal of Business Management and Accounting, 1, 63–77.
  30. Pulic, A. (2000b). Basic information on VAICTM. December 2000. fromwww.vaic-on.net.
  31. Pulic, A. (2000a). VAIC: an accounting tool for IC management. International Journal of Technology Management, 20(5–8), 702–714. https://doi.org/10.1504/IJTM.2000.002891
  32. Randa, F. S., & Solon, A. (2012). Pengaruh Modal Intelektual Terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di Bursa Efek Indonesia). Jurnal Sistem Informasi Manajemen Dan Akuntansi, 10(1), 24–47.
  33. Razafindrambinina, D., & Kariodimedjo, D. (2011). Is Company Intellectual Capital Linked to Corporate Social Responsibility Disclosure? Findings from Indonesia. Communications of the IBIMA. https://doi.org/10.5171/2011
  34. Saleh, N. M., Rahman, M. R. C. A., & Hassan, M. S. (2009). Ownership Structure and Intellectual Capital Performance In Malaysia. Asian Academy of Management Journal of Accounting and Finance, 5(1), 1–29.
  35. Santoso, E. (2011). Intellectual Capital In Indonesia: The Influence on Financial Performance of Banking Industry. University of Phoenix.
  36. Scott, W. R. (2015). Financial Accounting Theory (7th ed.). Pearson Prentice Hall.
  37. Serenko, A., & Bontis, N. (2013). Investigating The Current State And Impact Of The Intellectual Capital Academic Discipline. Journal of Intellectual Capital, 14(4), 476–500. https://doi.org/10.1108/JIC-11-2012-0099
  38. Shiri, M. M., Mousavi, K., Pourreza, A., & Ahmadi, S. (2012). The Effect of Intellectual Capitalon Market Value Added. Journal of Basic and Applied Scientific Research, 2(7), 7214–7226.
  39. Stewart, T. A. (1997). Intellectual capital: The wealth of new organizations. Nicholas Brealey Publishing.
  40. Sumedrea, S. (2013). Intellectual Capital and Firm Performance: A Dynamic Relationship in Crisis Time. Procedia Economics and Finance, 6, 137–144. https://doi.org/10.1016/S2212-5671(13)00125-1
  41. Sydler, R., Haefliger, S., & Pruksa, R. (2013). Measuring intellectual capital with financial figures: Can we predict firm profitability? European Management Journal, 32(2), 244–259. https://doi.org/10.1016/j.emj.2013.01.008
  42. Tan, H. P., Plowman, D., & Hancock, P. (2007). Intellectual capital and financial returns of companies. Journal of Intellectual Capital, 8(1), 6–95. https://doi.org/10.1108/14691930710715079
  43. Tsai, J.-H., & Wen, S.-Y. (2013). Intellectual capital, corporate governance and firm performance. Information Management and Business Review, 5(10), 482–491. https://doi.org/10.22610/imbr.v5i10.1078
  44. Wang, J. C. (2008). Investigating market value and intellectual capital for S&P 500. Journal of Intellectual Capital, 9(4), 546–563. https://doi.org/10.1108/14691930810913159
  45. Watts, R. L., & Zimmerman, J. L. (1986). Positive Accounting Theory. Prentice-Hall.
  46. Xing, X., Wang, J., & Tou, L. (2019). The relationship between green organization identity and corporate environmental performance: The mediating role of sustainability exploration and exploitation innovation. International Journal of Environmental Research and Public Health, 16(6), 921.
  47. Zehri, C., Abdelbaki, A., & Bouabdellah, N. (2012). How Intellectual Capital Affects A Firm’s Performance? Australian Journal of Business and Management Research, 2(8).