The Effect of Sustainable Production, Green Intellectual Capital, and Green Technology Innovation on Sustainable Finance with Green Strategic Management as a Moderating Variable

<p>This study investigates the influence of sustainable production, green intellectual capital, and green technological innovation on sustainable finance (SF), while also examining the moderating role of green strategic management in these relationships. Data was collected from 352 randomly selected respondents representing production companies across Indonesia through a structured questionnaire, with all constructs measured using an interval scale. The findings demonstrate that sustainable production, green intellectual capital, and green technological innovation each have a positive and significant effect on SF, indicating that environmentally conscious operational practices, knowledge assets, and innovation capabilities contribute to financial sustainability. Furthermore, the results reveal that green strategic management strengthens the relationship between sustainable production and SF, suggesting that strategic alignment elevates the effectiveness of sustainable production practices. However, green strategic management does not enhance the relationship between green intellectual capital or green technological innovation and SF, implying that these factors may require different strategic approaches or longer-term implementation. This research offers practical insights for production firms in Indonesia looking to embed environmental strategies into their operations to reduce risk, enhance competitiveness, and achieve long-term financial resilience. </p>