The Effect Of Green Accounting, CGPI, And Business Strategy On Value Creation Moderated By Business Model
Abstract
This study examines the effect of green accounting, the Corporate Governance Perception Index (CGPI), and business strategy on creating value with business model also tested as a moderating variabel. Using a quantitative explanatory research design, the study analyzes 75 panel data observations from food and beverage manufacturinng companies listed on the Indonesia Stock Exchange during 2020-2024. Data were obtained from annual reports, sustainability reports, CGPI publication, and financial statements. Panel regression with the Fixed Effect Model and Moderated Regression Analysis (MRA) was employed. The results show that green accounting, CGPI, and business strategy each have a significant positive effect on creating value. Furthermore, business model strengthens the influence of both green accounting and CGPI on creating value. These findinngs highlight the importance of integrating sustainability practices, strong governance, and strategic orientation to enhance long-term corporate value.
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Copyright (c) 2026 Selvy Aprilianty, Dirvi Surya Abbas, Imam Hidayat
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EKOMBIS REVIEW: Jurnal Ilmiah Ekonomi dan Bisnis is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
