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Nexus Between Strategic Green Finance and Green Competitive Advantage: Study at Indonesia Corporate

Mursalim Nohong

https://orcid.org/0000-0003-4211-5546

Faculty of Business and Economics, Universitas Hasanuddin, South Sulawesi Indonesia

E-mail Address: mursalimnohong@fe.unhas.ac.id

Corresponding author.

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Muhammad Sobarsyah

https://orcid.org/0000-0002-3133-8157

Faculty of Business and Economics, Universitas Hasanuddin, South Sulawesi Indonesia

E-mail Address: msobarsyah@yahoo.com

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Muhammad Irfai Sohilauw

https://orcid.org/0000-0002-8503-305X

Faculty of Business and Economics, Universitas Hasanuddin, South Sulawesi Indonesia

E-mail Address: sohilauw1899@gmail.com

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, and

Bahtiar Herman

https://orcid.org/0000-0002-5679-6699

Faculty of Business and Economics, Universitas Muhammadiyah Sidenreng Rappang, South Sulawesi, Indonesia

E-mail Address: bahtiarherman.bh@gmail.com

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https://doi.org/10.1142/S1464333224500030Cited by:2 (Source: Crossref)

Abstract

The present research explores the variables that impact Green Competitive Advantage (GCA) in modern business environments. It highlights the importance of strategic investments in green finance and the strong association between Strategic Finance (SFI) and GCA, which aligns with the growing emphasis on sustainable business practices worldwide. Furthermore, the study reveals the correlation between Corporate Governance (CG), business Size (CS), and GDP, emphasizing the critical function of solid governance frameworks and the utilization of business scale to align with broader economic trends. However, discovering multicollinearity among particular variables underscores the necessity for caution when interpreting regression model results. In addition, incorporating a geographical dimension yields refined insights that disclose characteristics distinctive to a specific place and globally relevant determinants that affect GCA. Ultimately, companies that want to be sustainable and competitive must take a holistic approach considering governance, strategic finance, and location.

Keywords:

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