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Abstract

This study investigates the Influence of Green Innovation (GI) in mediating the effect of Ownership on profitability growth, based on the Resource-Based View (RBV) theory. Profitability growth is measured using Return on Assets (ROA) for companies listed in the LQ45 index during the 2018–2022 period, with purposive sampling. Data analysis was conducted using Panel Data Regression Analysis through EViews 12 software. The results show that Ownership does not have a direct impact on profitability growth, while GI has a significant influence. Ownership also significantly affects GI; however, GI does not mediate the relationship between Ownership and profitability growth. These findings suggest that although Ownership does not directly drive profitability growth, it promotes GI initiatives that do. Moreover, while GI significantly enhances profitability growth, it does not mediate the indirect effect of Ownership on this growth.

Keywords

profitability ownership Green Innovation Resource-Based View

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Copyright (c) 2025 Syarif Syahrul Rahman, Elok Heniwati, Syarif M. Helmi

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Author Biographies

Elok Heniwati, Department of Accounting, Universitas Tanjungpura, Pontianak, Indonesia

Elok Heniwati, SE, M.Si., Ak., Ph.D., CA
Lecturer, Universitas Tanjungpura

Elok Heniwati is a lecturer at Universitas Tanjungpura, specializing in Accounting. She holds a Bachelor of Economics (SE), a Master of Science (M.Si) in Accounting, a Ph.D. in Accounting, and is a Certified Accountant (CA). Her research interests span financial reporting, biodiversity accounting, sustainability reporting, and Islamic accounting. With a focus on both teaching and research, Elok is committed to contributing to the development of accounting practices that align with environmental sustainability and Islamic principles, while also fostering the advancement of academic knowledge in the field.

Syarif M. Helmi, Department of Accounting, Universitas Tanjungpura, Pontianak, Indonesia

Syarif M. Helmi, SE., M.Ak., Ak., CA., CPA
Lecturer, Universitas Tanjungpura

Syarif M. Helmi is a lecturer at Universitas Tanjungpura with expertise in Financial Accounting and Information Systems. He holds a Bachelor of Economics (SE), a Master of Accounting (M.Ak.), and is a Certified Accountant (CA) as well as a Certified Public Accountant (CPA). Syarif is deeply involved in both teaching and research, with a focus on enhancing financial reporting standards and integrating advanced information systems into accounting practices. His work contributes to the development of more efficient and transparent accounting systems in both the academic and professional realms.

How to Cite
Rahman, S. S., Heniwati, E., & Helmi, S. M. (2025). The effect of green innovation in mediating the effect of ownership on profitability growth. Journal of Contemporary Accounting, 7(1), 49–62. https://doi.org/10.20885/jca.vol7.iss1.art5
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