West Science Journal Economic and Entrepreneurship
Vol. 1 No. 12 (2023): West Science Journal Economic and Entrepreneurship

Analysis of the Effect of Sustainable Business Practices on the Financial Performance of Manufacturing Companies in Jakarta: Case Study on Renewable Energy Use, Waste Management, and Environmental Economic Principles

Farida Arinie Soelistianto (Politeknik Negeri Malang)
Riri Nasirly (Institut Teknologi Perkebunan Pelalawan Indonesia)
Eko Sudarmanto (Universitas Muhammadiyah Tangerang)
Darmawan Listya Cahya (Universitas Esa Unggul)

Article Info

Publish Date
30 Dec 2023

Abstract

The adoption of renewable energy, waste management methods' efficacy, the application of environmental economic concepts, and the financial performance of manufacturing enterprises in Jakarta are all examined in this study. This study examined measurement models and structural models by analyzing data from 174 organizations using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings demonstrate that the company's profitability is considerably and favorably impacted by the use of environmental economic concepts and the deployment of renewable energy. This research highlights the significance of sustainable practices in attaining financial prosperity and provides useful guidance for companies seeking to manage the intricate terrain of ecological accountability and financial efficacy.

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Journal Info
West Science Journal Economic and Entrepreneurship
Website

Abbrev

wsee

Publisher

Westscience Press

Subject

Economics, Econometrics & Finance

Description

Journal of Economics and Entrepreneurship published since 2023 by Westscience Press. Editors receive scientific articles from research results, surveys, and literature reviews closely related to the Economics and Entrepreneurship sectors. WSJEE is a peer-reviewed and open-access scientific magazine. ...