DETERMINANTS OF SUSTAINABILITY PERFORMANCE AND THE ROLE OF GREEN INNOVATION BASED ON NATURAL RESOURCES BASED VIEW THEORY

Many factors influence sustainability performance in State-Owned Enterprises (SOEs), including financial and non-financial aspects. Based on the natural resource-based view theory, this study aims to develop measurements for dimensions and indicators of the impact of Green Intellectual Capital (GIC), Green Organisational Identity (GOI), and Green Innovation (GI) on sustainability performance. A quantitative approach was employed, using structural equation modelling with SmartPLS4 software. The findings show that GIC and organisational identity significantly influence GI. Furthermore, these factors and GI positively and significantly affect sustainability performance. GI also mediates GIC, GOI, and sustainability performance. These results highlight the importance of adopting a GOI and enhancing GIC and innovation in SOEs to achieve Sustainable Performance (SP). The study provides practical implications for the government and SOEs, emphasising the need to continuously develop and monitor green initiatives. Doing so can positively impact the achievement of sustainability performance in SOEs, ensuring their long-term viability and contribution to sustainable development goals.