ENERGI TERBARUKAN SEBAGAI KATALIS KETAHANAN FINANSIAL: STUDI PERBANDINGAN INDUSTRI MANUFAKTUR INDONESIA DAN GLOBAL

Fathi, Fahira Fidelia Citra Fathi (2025) ENERGI TERBARUKAN SEBAGAI KATALIS KETAHANAN FINANSIAL: STUDI PERBANDINGAN INDUSTRI MANUFAKTUR INDONESIA DAN GLOBAL. JAIM: Jurnal Akuntansi Manado, 6 (1). pp. 174-186. ISSN 2774-6976

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Abstract

This study aims to analyze the contribution of renewable energy transition and opeRational efficiency to the financial performance of manufacturing companies, comparing firms in Indonesia with global counterparts. The research employed Structural Equation Modeling (SEM) with a Multi-group Path Analysis technique to evaluate the mediating role of operational efficiency in the relationship between sustainability practices and financial performance indicators. The findings reveal that, within Indonesian manufacturing firms, operational efficiency significantly mediates the impact of energy transition on financial performance. Conversely, in global companies, this mediating effect is not significant, suggesting that sustainability practices are already integrated into their operations. These results underscore the importance of tailoring sustainability strategies to the Structural and institutional contexts of each firm. The study contributes theoretically within the frameworks of Sustainability Transition Theory and Stakeholder Theory, and offers practical implications for policymakers and corporate management in formulating effective and context-specific sustainability strategies. Keywords: Financial Performance; Manufacture Industry; Renewable Energy

Item Type:	Article
Subjects:	H Social Sciences > HC Economic History and Conditions H Social Sciences > HF Commerce > HF5601 Accounting H Social Sciences > HG Finance
Divisions:	Fakultas Ekonomi dan Bisnis > Program Studi Akuntansi (S1)
Depositing User:	FAHIRA FIDELIA CITRA FATHI
Date Deposited:	08 Sep 2025 04:33
Last Modified:	08 Sep 2025 04:33
URI:	http://repository.upnvj.ac.id/id/eprint/37994

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