GREEN INVESTMENT, DIGITAL TECHNOLOGY AND DIGITAL FINANCE CAPABILITY ON FINANCIAL SUSTAINABILITY

GREEN INVESTMENT, DIGITAL TECHNOLOGY AND DIGITAL FINANCE CAPABILITY ON FINANCIAL SUSTAINABILITY | Zenodo Skip to main Communities My dashboard Log in Sign up Zenodo is currently experiencing slowness and intermittent outages due to heavy automated traffic from bots and AI crawlers. We are aware of the problem, and our team is focused on stabilizing the service. Thank you for your patience. International Journal of Social Science, Educational, Economics, Agriculture Research and Technology (IJSET) Published April 12, 2026 | Version v1 Journal article Open GREEN INVESTMENT, DIGITAL TECHNOLOGY AND DIGITAL FINANCE CAPABILITY ON FINANCIAL SUSTAINABILITY Authors/Creators Debbi Chyntia Ovami (Contact person) 1 Sari Wulandari (Contact person) 1 Junita Putri Rajana Harahap (Contact person) 2 Abdullah (Contact person) 3 Noreen Azella Nawi (Contact person) 3 Suci Agsani (Contact person) 1 Show affiliations 1.

Universitas Muslim Nusantara Al-Washliyah, Indonesia 2.

Universitas Muslim Nusantara Al-Washliyah, Indonesi 3.

Universiti Teknologi Mara Kelantan Description This study aims to examine the role of Digital Finance Capability (DFC) in moderating the influence of green investment and digital technology on  the financial sustainability of MSMEs . MSMEs, which play an important role in the Indonesian economy, often face obstacles in accessing technology and financing that can support financial sustainability. The method used in this study is a quantitative approach with a survey of MSMEs that have utilized digital technology and green investment . Primary data will be collected through a questionnaire distributed to MSME actors. The analysis technique used is Structural Equation Modeling (SEM) to test the relationship between the variables studied. The results of the study show that green investment does not have a significant effect on financial sustainability, while digital technology and digital finance capabilities have an effect on financial sustainability. Digital finance capabilities cannot moderate the influence of green investment and digital technology on financial sustainability. Files 2255+manuscript+debbi.pdf Files (611.6 kB) Name Size Download all 2255+manuscript+debbi.pdf md5:cff7b7ceb19a89ceed7c4b1381836da9 611.6 kB Preview Download Additional details References Alqatan, A., Hussainey, K., Hamed, M., & Benameur, K. (2024). Impact of digitalization on reporting, tax avoidance, accounting, and green finance. In Impact of Digitalization on Reporting, Tax Avoidance, Accounting, and Green Finance. IGI Global. https://doi.org/10.4018/9798369316788 Bhatnagar, S., Sharma, D., & Bundel, R. (2024). Green finance and investment index for assessing scenario and performance in selected countries. World Development Sustainability, 5. https://doi.org/10.1016/j.wds.2024.100183 Chen, M., Liu, S., & Gao, L. (2024). Digital finance, financial flexibility and corporate green innovation. 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R., & Prasetyani, D. (2023a). Digital Adaptation to Performance of SMEs in Surakarta City, Indonesia. International Journal of Multicultural and Multireligious Understanding, 10(5), 238. https://doi.org/10.18415/ijmmu.v10i5.4606 Wulandari, M. C., Putro, T. R., & Prasetyani, D. (2023b). Digital Adaptation to Performance of SMEs in Surakarta City, Indonesia. International Journal of Multicultural and Multireligious Understanding, 10(5), 238. https://doi.org/10.18415/ijmmu.v10i5.4606 Zaid, M. A. K., Khan, M. F., Al-Mekhlafi, A.-W. A.-G. S., Al Koliby, I. S., Saoula, O., Saeed, H. A. E. M., & Mohammad, R. A. (2025a). The future of green finance: how digital transformation and FinTech drive sustainability. Discover Sustainability, 6(1). https://doi.org/10.1007/s43621-025-01356-w Zaid, M. A. K., Khan, M. F., Al-Mekhlafi, A.-W. A.-G. S., Al Koliby, I. S., Saoula, O., Saeed, H. A. E. M., & Mohammad, R. A. (2025b). The future of green finance: how digital transformation and FinTech drive sustainability. Discover Sustainability, 6(1). https://doi.org/10.1007/s43621-025-01356-w Zhang, L., Chen, J., Liu, Z., & Hao, Z. (2023). Digital Inclusive Finance, Financing Constraints, and Technological Innovation of SMEs—Differences in the Effects of Financial Regulation and Government Subsidies. Sustainability (Switzerland), 15(9). https://doi.org/10.3390/su15097144 101 Views 26 Downloads Show more details All versions This version Views Total views 101 101 Downloads Total downloads 26 26 Data volume Total data volume 16.5 MB 16.5 MB More info on how stats are collected.... Versions External resources Indexed in OpenAIRE Communities Keywords and subjects Keywords Green investment; technology; digital finance capability; sustainability; SDGs; MSMEs Details DOI DOI Badge DOI 10.5281/zenodo.20065188 Markdown [](https://doi.org/10.5281/zenodo.20065188) reStructuredText .. image:: https://zenodo.org/badge/DOI/10.5281/zenodo.20065188.svg :target: https://doi.org/10.5281/zenodo.20065188 HTML <a href="https://doi.org/10.5281/zenodo.20065188"><img src="https://zenodo.org/badge/DOI/10.5281/zenodo.20065188.svg" alt="DOI"></a> Image URL https://zenodo.org/badge/DOI/10.5281/zenodo.20065188.svg Target URL https://doi.org/10.5281/zenodo.20065188 Resource type Journal article Publisher CV. Radja Publika Published in INTERNATIONAL JOURNAL OF SOCIAL SCIENCE, EDUCATIONAL, ECONOMICS, AGRICULTURE RESEARCH AND TECHNOLOGY (IJSET), 5(5), 2026. 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