Tri Hita Karana as a Moderator of Green Intelectual Capital and Green Innovation on Sustainable Performance
Keywords:
green innovation, green intelectual capital, sustainable performane, tri hita karanaAbstract
The development of MSMEs in Denpasar City experiences significant growth every year. Economic profits from business activities are expected to result in improved living conditions globally, but can also lead to environmental damage and social inequality. Sustainable business is a business effort to minimize negative impacts on the environment and social so that future generations have adequate resources. Tri Hita Karana is local wisdom which aims to achieve happiness by prioritizing the principles of togetherness, harmony and balance between economic motives, environmental preservation, culture, aesthetics and spirituality. This research aims to determine the influence of Green Intellectual Capital and Green Innovations on the Sustainable Performance of MSMEs in Denpasar City with Tri Hita Karana as moderator. This research was carried out on MSMEs in Denpasar City, a sample of 100 people with a sampling technique using probability sampling. The data analysis technique used is the Partial Least Square (PLS) method. The results show that hypotheses 1 and 2 are accepted, namely that green intellectual capital and green innovation have a positive and significant relationship with sustainable performance. Tri Hita Karana does not have a significant effect on the relationship between green intellectual capital and sustainable performance and does not have a significant effect on the relationship between green innovation and sustainable performance, which means that hypotheses 3 and 4 are rejected.
References
Asadi, S., OmSalameh Pourhashemi, S., Nilashi, M., Abdullah, R., Samad, S., Yadegaridehkordi, E., Aljojo, N., & Razali, N. S. (2020). “Investigating influence of green innovation on sustainability performance: A case on Malaysian hotel industry.” Journal of Cleaner Production, 258. https://doi.org/10.1016/j.jclepro.2020.120860
Astawa, I. P., Astara, I. W. W., Mudana, I. G., & Dwiatmadja, C. (2021). Managing sustainable microfinance institutions in the covid-19 situation through revitalizing balinese cultural identity. Quality - Access to Success, 22(184), 131–137. https://doi.org/10.47750/QAS/22.184.17
Bagus Ketut Surya, I., Thoyib, A., Fatchan, A., & Rahayu, M. (2014). Tri Hita Karana Culture Effect on Company Performance, Leadership and Organizational Commitment (Studies an Regional Water Company in Bali Province). In International Journal of Business and Management Invention ISSN (Vol. 3). Online. www.ijbmi.org
Chandra, M., & Augustine, Y. (2019). Pengaruh Green Intellectual Capital Index Dan Pengungkapan Keberlanjutan Terhadap Kinerja Keuangan Dan Non Keuangan Perusahaan Dengan Transparansi Sebagai Variabel Moderasi. Jurnal Magister Akuntansi Trisakti, 6(1), 45–70. https://doi.org/10.25105/jmat.v6i1.5066
Fernando, Y., Chiappetta Jabbour, C. J., & Wah, W. X. (2019). Pursuing green growth in technology firms through the connections between environmental innovation and sustainable business performance: Does service capability matter? Resources, Conservation and Recycling, 141, 8–20. https://doi.org/10.1016/j.resconrec.2018.09.031
Ghozali, H. I. (2020). “Structural Equation Modeling, dengan Metode Alternatif Partial Least Squares (PLS)” (5th ed.). Badan Penerbit Universiats Diponegoro.
Hart, S. L. (1995). A Natural-Resource-Based View Of The Firm. 20
Haseeb, M., Hussain, H. I., Kot, S., Androniceanu, A., & Jermsittiparsert, K. (2019). Role of social and technological challenges in achieving a sustainable competitive advantage and sustainable business performance. Sustainability (Switzerland), 11(14). https://doi.org/10.3390/su11143811
Kunapatarawong, R., & Martínez-Ros, E. (2016). Towards green growth: How does green innovation affect employment? Research Policy, 45(6), 1218–1232. https://doi.org/10.1016/j.respol.2016.03.013
Marco-Lajara, B., Zaragoza-Sáez, P., & Martínez-Falcó, J. (2022). Does Green Intellectual Capital Affect Green Performance? The Mediation of Green Innovation. TELEMATIQUE, 21(1), 4594–4602.
Miao, C., Fang, D., Sun, L., & Luo, Q. (2017). Natural resources utilization efficiency under the influence of green technological innovation. Resources, Conservation and Recycling, 126, 153–161. https://doi.org/10.1016/j.resconrec.2017.07.019
Mubeen, A., Nisar, Q. A., Patwary, A. K., Rehman, S., & Ahmad, W. (2023). Greening your business: nexus of green dynamic capabilities, green innovation and sustainable performance. Environment, Development and Sustainability, 1-27.
Mulyadi, M., Putu Anom Saputra, I., Nengah Wirsa, I., Nyoman Rasmen Adi, I., Setini, M., Pendidikan Nasional Denpasar, U., Bedugul No, J., Selatan, D., & Denpasar, K. (2022). Journal of Economics, Finance and Management Studies Effect of Promotion, Quality of Service, and Trust on Interest in Becoming a Customer. Journal of Economics, Finance and Management Studies, 5(2), 309–319. https://doi.org/10.47191/jefms/v5-i2-08
Nawaser, K., Hakkak, M., Aeiny, M. A., Vafaei-Zadeh, A., & Hanifah, H. (2023). The effect of green innovation on sustainable performance in SMEs: the mediating role of strategic learning. International Journal of Productivity and Quality Management, 39(4), 490-511. https://doi.org/10.1504/IJPQM.2023.132828
Ozaralli, N., & Rivenburgh, N. K. (2016). Entrepreneurial intention: antecedents to entrepreneurial behavior in the U.S.A. and Turkey. Journal of Global Entrepreneurship Research, 6(1). https://doi.org/10.1186/s40497-016-0047-x
Paulus Tahu, G., Wayan Widnyana, I., & Rini Widyawati, S. (2019). The Role of Tri Hita Karana Culture in Moderating the Effect of GCG, Risk Appetite and Work Motivation on Financial Performance of LPD in the Denpasar City-Bali. International Journal of Civil Engineering and Technology (IJCIET), 10(5), 613–628. http://www.iaeme.com/IJCIET/index.asp613http://www.iaeme.com/ijmet/issues.asp?JType=IJCIET&VType=10&IType=5http://www.iaeme.com/IJCIET/issues.asp?JType=IJCIET&VType=10&IType=5
Putra, W. E., & Utama, L. (2022). Pengaruh Green Entrepreneurial Orientation Dan Green Innovation Terhadap Kinerja Berkelanjutan Industri Gigi Palsu. Manajerial Dan Kewirausahaan, 4(2), 534–545.
Putu, I., Ariani, D., Putu, I. A., Sugianingrat, W., & Astrama, I. M. (2022). Journal of Economics, Finance and Management Studies The Role of Tri Hita Karana Culture as Moderating the Effect of Competence on Business Performance through Competitive Advantage. Journal of Economics, Finance and Management Studies, 5(4), 886–900. https://doi.org/10.47191/jefms/v5-i4-02
Putu Yeni Ari Yastini, N., GAN Budiasih, I., Made Asri Dwija Putri, I. G., Made Adi Erawati, N., Kunci, K., Tri Hita Karana, B., Pendanaan, K., Keuangan, K., & Ekonomi dan Bisnis, F. (2022). E-jurnal ekonomi dan bisnis universitas udayana budaya tri hita karana sebagai pemoderasi pengaruh keputusan pendanaan pada kinerja keuangan BPR kota denpasar. 11(07), 779–788. https://ojs.unud.ac.id/index.php/EEB/
Riana, I. G., Zain, D., Troena, E. A., & Sudarma, M. (2011). Dampak Penerapan Budaya Tri Hita Karana terhadap Orientasi Kewirausahaan dan Orientasi Pasar serta Konsekuensinya pada Kinerja Usaha (Studi pada Industri Kecil Menengah Kerajina Perak di Bali). Jurnal Aplikasi Manajemen, 9(2), 601–610.
Roespinoedji, R., Mohd, H., #2, S., Ligar, A., #3, H., Zulhazmi, A., & Rashid, A. (2019). The Effect of Green Organizational Culture and Green Innovation in influencing Competitive Advantage and Environmental Performance. In Int. J Sup. Chain. Mgt (8)1. http://excelingtech.co.uk/
Saraswati, E., Akuntansi, J., Ekonomi, F., Bisnis, D., & Brawijaya, U. (2021). Dampak Green Intelectual Capital Disclosure Terhadap Sustainable Business Dan Kinerja Non Keuangan. In Apar: Apssai Accounting Review (1)1.
Song, M., Fisher, R., & Kwoh, Y. (2019). Technological challenges of green innovation and sustainable resource management with large scale data. Technological Forecasting and Social Change, 144, 361–368. https://doi.org/10.1016/j.techfore.2018.07.055
Song, M., & Wang, S. (2018). Market competition, green technology progress and comparative advantages in China. Management Decision, 56(1), 188–203. https://doi.org/10.1108/MD-04-2017-0375
Sullivan, K., Thomas, S., & Rosano, M. (2018). Using industrial ecology and strategic management concepts to pursue the Sustainable Development Goals. Journal of Cleaner Production, 174, 237–246. https://doi.org/10.1016/j.jclepro.2017.10.201
Tantayanubutr, M., & Panjakajornsak, V. (2017). Impact of green innovation on the sustainable performance of Thai food industry. Business and Economic Horizons, 13(2), 192-209.
Tonay, C., & Murwaningsari, E. (2022). Pengaruh green innovation dan green intellectual capital terhadap nilai perusahaan dengan ukuran perusahaan sebagai moderasi, (24)2. http://jurnaltsm.id/index.php/JBA
Villasalero, M. (2017). A resource-based analysis of realized knowledge relatedness in diversified firms. Journal of Business Research, 71, 114–124. https://doi.org/10.1016/j.jbusres.2016.10.011
Wang, S. H., & Song, M. L. (2014). Review of hidden carbon emissions, trade, and labor income share in China, 2001-2011. Energy Policy, 74(C), 395–405. https://doi.org/10.1016/j.enpol.2014.08.038
Yong, J. Y., Yusliza, M. Y., Ramayah, T., & Fawehinmi, O. (2019). “Nexus between green intellectual capital and green human resource management.” Journal of Cleaner Production, 215, 364–374. https://doi.org/10.1016/j.jclepro.2018.12.306
Yusoff, Y. M., Omar, M. K., Kamarul Zaman, M. D., & Samad, S. (2019). Do all elements of green intellectual capital contribute toward business sustainability? Evidence from the Malaysian context using the Partial Least Squares method. Journal of Cleaner Production, 234, 626–637. https://doi.org/10.1016/j.jclepro.2019.06.153
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Jurnal Ekonomi dan Bisnis Jagaditha
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
