Green Capital and Green HRM: Badung Timber MSME Strategy

Authors

  • I Made Adi Suwandana Faculty of Economics and Business, Ngurah Rai University, Bali, Indonesia
  • I Made Endra Kartika Yudha Faculty of ‎Economics and Business, Udayana University, Bali, Indonesia
  • Putu Gede Denny Herlambang Faculty of Economics and Business, Ngurah Rai University, Bali, Indonesia

DOI:

https://doi.org/10.14419/c9g6sb86

Published

11-07-2025

Keywords:

Green Intellectual; ‎Keunggulan; Green ‎HRM

Abstract

Through the lens of green structural capital, green relational ‎capital, and green human capital, this study examines the ‎relationship between green HRM and competitive advantage ‎among SMEs in the wood industry of Badung Regency. An analytical approach employed in this quantitative analysis is structural equation modeling (SEM). In total, 267 wood SMEs ‎participated in the research, with 251 classified as "small players" ‎and 16 as "medium companies". The study found that green ‎human, structural, and relational capital can help a company gain ‎a competitive advantage. There are several advantages to green ‎HRM, including structural, relational, human, and competitive ‎benefits. Competitive advantage mediates the interaction ‎between green HRM and green relational, structural, and human ‎capital factors.

References

Akbari, P., Rostami, R., & Veismoradi, A. (2013). The Impact of Human Resource Management and ‎Intellectual Capital on Organizational Perfor-mance in the Physical Education Organization of Iran (Case Study: The Physical Education General Department of Kermanshah). International ‎Journal of Sport Studies, 3(3), 263–273.‎

Astuti, M., & Wahyuni, H. C. (2018). Strategi implementasi green human resource manajemen ‎pasa usaha mikro, kecil, dan menengah (UMKM). Matrik (Jurnal Manajemen, Strategi ‎Bisnis dan Kewirausahaan), 12(2), 121-128.‎ https://doi.org/10.24843/MATRIK:JMBK.2018.v12.i02.p04.

Bontis, N. (1999). Managing organizational knowledge by diagnosing IC: framing and advancing ‎the state of the field. International Journal of Technology Management,18, 433–462. ‎ https://doi.org/10.1504/IJTM.1999.002780

Budiarti, I. (2017). Knowledge management and intellectual capital - a theoretical perspective of ‎human resource strategies and practices. European Journal of Economic and Business ‎Studies, 3(2): 148–155.‎ https://doi.org/10.26417/ejes.v8i1.p148-155

Chalal, H., & Bakshi, P. (2014). The Effect of Intellectual Capital on Competitive Advantage and ‎Business Performance: A Role for Innovation and Learning Culture. International Journal of ‎Learning and Intellectual Capital, 11(1): 51–70.‎ https://doi.org/10.1504/IJLIC.2014.059227.

Chen, Y. S. (2008). The positive impact of green intellectual capital on a firm's competitive advantages ‎. Journal of Business Ethics, 77(3), 271–286.‎ https://doi.org/10.1007/s10551-006-9349-1

Chen, Y. S. & Chang, C. H. (2013). Enhancing environmental commitments and green intangible ‎assets toward a green competitive advantage: An analysis of structural equation modeling ‎‎(SEM). Quality & Quantity, 47(1), 529-543.‎ https://doi.org/10.1007/s11135-011-9535-9

Ekawati, N. W., Wardana, I M., Yasa, N. N. K., Kusumadewi, N. M. W., & Tirtayani, I G. A. ‎‎(2023). A strategy to enhance green purchasing be-havior and customer relationship ‎management in the COVID-19 new normal conditions. Uncertain Supply Chain ‎Management, 11, 289-298.‎ https://doi.org/10.5267/j.uscm.2022.9.014.

Ferdinand, A. (2014). Metode penelitian manajemen: pedoman penelitian untuk skripsi, tesis dan ‎disertasi ilmu manajemen. Semarang: Universitas Diponegoro.‎

Ghozali, I. (2015). Aplikasi analisis multivariat dengan program IBM SPSS 21 update PLS ‎regresi. Semarang: Badan Penerbit Universitas Dipone-goro.‎

Huang, C. L., & Kung, F. H. (2011). Environmental Consciousness and Intellectual Capital Management: Evidence from Taiwan's Manufacturing Industry. Management Decision, 49(9): ‎‎1405–1425.‎ https://doi.org/10.1108/00251741111173916.

Jirawuttinunt, D. S. (2018). The Relationship between Green Human Resource Management and ‎Green Intellectual Capital in Certified ISO 14000 Businesses in Thailand. St. Theresa ‎Journal of Humanities and Social Sciences, 4(1), 20–37.‎

Johnson, D. R. (1999). The Benefits of Proactive Environmental Quality: Tips from a Successful Small Business. Environmental Quality Manage-ment, 8(4), 47–52.‎ https://doi.org/10.1002/tqem.3310080407.

Kartika, I M., Sumada, I M., Sasmita, N., Suwandana, I M. A., & Komara, L. L. (2020). Analysis ‎of green marketing tools on tourist satisfaction of staying in Bali village. International ‎Journal of Psychosocial Rehabilitation, 24(08), 5119-5127.‎

Kartika, I M., Sumada, I M., Suwandana, I M. A., & Utama, I G. B. R. (2020). Creative tourism ‎village development model as a center of bamboo crafts. Journal Test Engineering and ‎Management, 83, 10562-10568.‎

Kim, S. Y., & Park, H. J. (2017). The Effect of green organizational culture on green innovation ‎and financial performance: focused on corporate environmental responsibility. Sustainability, ‎‎9(8), 14-44.‎

Kim, Y. J., Kim, W. G., Choi, H. M., & Phetvaroon, K. (2019). The effect of green human ‎resource management on hotel employees’ eco-friendly behavior and environmental ‎performance. International Journal of Hospitality Management, 76, 83–93.‎ https://doi.org/10.1016/j.ijhm.2018.04.007

Kong, E., & Thomson, S. B. (2009). An Intellectual Capital Perspective on Human Resource Strategies and Practices. Knowledge Management Re-search & Practice, 7(4), 356–364. ‎ https://doi.org/10.1057/kmrp.2009.27.

Luftman, J., & Kempaiah, R. M. (2007). The IS organization of the future: the IT talent challenge. ‎Information Systems Management, 24(2), 129-138.‎ https://doi.org/10.1080/10580530701221023.

Mishra, P. (2017). Green Human Resource Management: A Framework for Sustainable Organizational Development in an Emerging Economy. In-ternational Journal of Organizational Analysis, ‎‎25(5), 762–788.‎ https://doi.org/10.1108/IJOA-11-2016-1079.

Olander, H., Hurmelinna-Laukkanen, P., & Heilmann, P. Human resources - Strength and ‎Weakness in Protection of Intellectual Capital. Journal of Intellectual Capital. 2016; 16(4): ‎‎742-762.‎ https://doi.org/10.1108/JIC-03-2015-0027

Qurota, A’Yuni & Muafi. Pengaruh Green Intellectual Capital Terhadap Keunggulan Kompetitif ‎Dengan Pemediasi Green Human Resource Man-agement. Jurnal Bisnis: Teori dan ‎Implementasi. 2020; 11(2): 81-97.‎ https://doi.org/10.18196/bti.112133.

Rohilla, J. (2017). An Innovative Approach to Green Human Resource Management: Practices in ‎the Organization. Global Journal for Research Analysis, 6(6), 174–176. ‎

Stewart, T. A. (1997). Intellectual Capital. London: Nicholas Brealey Publishing.‎

Sudin, S., & Saad, Z. M. (2018). Linking green HRM and green intellectual capital with corporate ‎environmental citizenship behaviour. Pahang, Malaysia: The European Proceedings of ‎Social & Behavioural Sciences, 419-429.‎ https://doi.org/10.15405/epsbs.2018.07.02.45.

Sugiyono. (2018). Metode penelitian manajemen. Bandung: Alfabeta.‎

Suwandana, I M. A., Yuliarmi, N. N., Murjana Yasa, I G. W., & Purwanti, P. A. P. (2023). ‎Business Resilience and Quality of Life of Timber SMEs during the COVID-19 Pandemic in ‎Badung Regency. International Journal of Professional Business Review, 8(10), 01-21.‎ https://doi.org/10.26668/businessreview/2023.v8i10.3802.

Wijaya, P. Y., Yudha, I M. E. K., & Suasih, N. N. R. (2022). Prospective analysis of the coffee ‎agrotourism business. Jurnal Sosial Ekonomi Per-tanian, 16(2), 213-223. ‎ https://doi.org/10.24843/SOCA.2022.v16.i02.p08

Yasa, N. N. K., Ekawati, N. W., Rahmayanti, P. L. D., & Tirtayani, I G. A. (2024). The role of tri-hita karana-based business strategy and digital marketing in improving sustainable business performance. International Journal of Data and Network Science, 8, 629-640.‎ https://doi.org/10.5267/j.ijdns.2023.8.022

Yong, J. Y., Yusliza, Ramayah, T. Fawehinmi, O. (2019). Nexus between green intellectual capital ‎and green human resource management. Journal of Cleaner Production, 215, 364-374.‎ https://doi.org/10.1016/j.jclepro.2018.12.306.

Yusoff, Y. M., Omar, M. K., & Kamarudin, M. D. (2019). Practice of green intellectual capital. ‎Evidence from the Malaysian manufacturing sector. Malaysia: IOP Conference Series: ‎Materials Science and Engineering.‎ https://doi.org/10.1088/1757-899X/469/1/012008

Zaid, A. A., Jaaron, A. A., & Bon, A. T. (2018). The impact of green human resource management ‎and green supply chain management practices on sustainable performance: an empirical ‎study. Journal of Cleaner Production, 204, 965-979.‎ https://doi.org/10.1016/j.jclepro.2018.09.062.

Ali, M., Puah, C.-H., Ali, A., Raza, S. A., & Ayob, N. (2022). Green Intellectual Capital, Green ‎HRM, and Green Social Identity toward a Sustain-able Environment: A New Integrated ‎Framework for Islamic Banks. International Journal of Manpower, 43(3), 614–638.‎ https://doi.org/10.1108/IJM-04-2020-0185

Fitri, A., Diamastuti, E., Romadhon, F., Maharani, H., & others. (2022). The Effect of Green ‎Intellectual Capital on SMEs’ Business Sustainability. Jurnal Bisnis Dan Manajemen, 9(1), ‎‎55–64.‎ https://doi.org/10.26905/jbm.v9i1.7476.

Malik, S. Y., Cao, Y., Mughal, Y. H., Kundi, G. M., Mughal, M. H., & Ramayah, T. (2020). ‎Pathways towards sustainability in organizations: Em-pirical evidence on the role of green ‎human resource management practices and green intellectual capital. Sustainability, 12(8), ‎‎3228.‎ https://doi.org/10.3390/su12083228

Munawar, S., Yousaf, H. Q., Ahmed, M., & Rehman, S. (2022). Effects of Green Human ‎Resource Management on Green Innovation through Green Human Capital, Environmental ‎Knowledge, and Managerial Environmental Concern. Journal of Hospitality and Tourism ‎Management, 52, 141–150.‎ https://doi.org/10.1016/j.jhtm.2022.06.009

Mustafa, K., Hossain, M. B., Ahmad, F., Ejaz, F., Khan, H. G. A., & Dunay, A. (2023). Green ‎Human Resource Management Practices for Achiev-ing a Green Competitive Advantage: A ‎Moderated Mediation Model. Heliyon, 9(11).‎ https://doi.org/10.1016/j.heliyon.2023.e21830

Ullah, S., Mehmood, T., & Ahmad, T. (2023). Green intellectual capital and green HRM enable organizations to adopt a green approach, with green innovation serving as a mediating factor. ‎International Journal of Innovation Science, 15(2), 245–259.‎ https://doi.org/10.1108/IJIS-12-2021-0222.

Xin, C., & Wang, Y. (2023). Green intellectual capital and green competitive advantage in hotels: ‎The role of environmental product innovation and green transformational leadership. Journal ‎of Hospitality and Tourism Management, 57, 148–157.‎ https://doi.org/10.1016/j.jhtm.2023.10.001.

Yong, J. Y., Yusliza, M. Y., Ramayah, T., Farooq, K., & Tanveer, M. I. (2022). Accentuating the ‎interconnection between green intellectual capital, green human resource management, and ‎sustainability. Benchmarking: An International Journal, 30(8), 2783–2808.‎ https://doi.org/10.1108/BIJ-11-2021-0641.

How to Cite

Suwandana, I. M. A. ., Yudha, I. M. E. K. ., & Herlambang, P. G. D. . (2025). Green Capital and Green HRM: Badung Timber MSME Strategy. International Journal of Accounting and Economics Studies, 12(2), 464-472. https://doi.org/10.14419/c9g6sb86

Downloads