Influence Green Innovation to Competitive Advantage and Finance Performance Indonesia State Own Entreprise

In the current situation, Indonesian state owned enterprises have not reached their performances, which means that their finance performances are relatively low during the late five year period. Their low finance performance are predicted of their competitive disadvantages compare to other private companies which may cause by inappropriate green innovation, either product innovation, process innovation, or market innovation. The methods used in the research were descriptive survey method and explanatory survey method with six proposed hypotheses. Unit analysis in this research is the whole of Indonesian state-owned enterprises.Model structural equivalent (SEM) is used for the analysis method. From the analysis results, it has been figured out that green innovation that has been done utilize their competitive resources but it isn’t optimalization (unmarket oriented). Green Innovation have a significant positive effect than the competitiveness advantages in the Indonesian state owned enterprises. Meanwhile Green Innovation has positif effect to the Finance performances in the Indonesian state owned enterprises. Competitive advantages have shown a significant positive effect to the marketing performances in the Indonesian state owned enterprises.