The current study highlights the significance of national culture in advocating sustainable development, aligning with the goals outlined in the 2030 Agenda. It draws upon theories from various perspectives, including Classical Marxism, System Justification, Weber and the Ethic of Protestantism, and Postmaterialism. By examining the relationship between national culture and sustainable development, particularly in emerging economies, it addresses a gap in existing discourse. Using data from The Culture Factor Group website and the Global Sustainable Competitiveness Index provided by Solability in 2023, this study investigates how six of Hofstede’s cultural dimensions relate to the sustainable competitiveness of emerging economies. The findings, based on a sample of 21 emerging economies sourced from diverse online platforms, indicate a significant relationship between national culture and sustainable development, particularly in terms of sustainable competitiveness. This study underscores the importance of recognizing culture as a key factor in achieving sustainable development goals, supporting its inclusion as a fundamental aspect in shaping policies and strategies aimed at fostering sustainable development in emerging economies.
1 January 2023 in International journal of business, economics & management
This study aims to determine the effect of financial ratios on stock prices in telecommunications sector companies listed on the Indonesia Stock Exchange (IDX) during the 2017-2021 period. The population in this study were all telecommunications sector companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2021. Using a purposive sampling technique, the research sample consisted of 10 telecommunications sector companies. Data analysis used the panel data regression method, where the selected model was the fixed effect. The results showed that the Current Ratio (CR), Return on Equity (ROE), Return on Assets (ROA), and Earning Per Share (EPS) had a positive and significant effect on stock prices. In contrast, the Debt to Equity Ratio (DER) was negative and significant to stock prices.
1 August 2023 in Journal of Law and Sustainable Development
Objective: This study aims to analyze the effect of competitive advantage on sustainable competitive advantage, analyze the effect operating efficiency on sustainable competitive advantage, analyze the effect intellectual capital on sustainable competitive advantage. Theoritical framework: This research is based on several theories that support it, including Resource-based theory (RBT) and Stakeholder Theory. RBT theory suggests that sustainable excellence can be done by making innovations that are difficult to imitate or imitate by others. Stakeholder Theory gives advice on how businesses should handle their interactions with stakeholders to encourage the creation of competitive resources and secure a long-term competitive edge. Method: This research uses a quantitative approach and the type of data used is panel data. The data analysis technique used panel data regression to test or prove the hypothesis. The research population is all banks listed on the Indonesia Stock Exchange (IDX) for the 2012-2021 period. The sample is determined using certain criteria so that a total sample of 31 banks is obtained. Hypothesis testing used panel data regression random effect model (REM) or generalized least squares (GLS). Result and conclusion: The results of the study show that competitive advantage has a significant positive effect on sustainable competitive advantage in the banking sector. Operating efficiency and intellectual capital variables were found to have no significant effect on sustainable competitive advantage. Implication of the research: The outcomes help practitioners and policy-makers’ enhance their practices to reflect sustainable business through competitive advantages, efficiency and intellectual capital. Originality/value: This paper contributes to sustainability research of banking system by developing a conceptual framework, which may be a basis for integrating the variety of management-related sustainability research. It further adds to research into competitive advantage efficiency and intellectual capital by clarifying how firms may profit from sustainability.
22 February 2024 in Humanities and Social Sciences Letters
It is vital for higher education to improve its ability to anticipate and implement long-lasting change. Private higher education institutions are currently facing challenges in governance that hinder their ability to upgrade their accreditation grade to "excellent ". The involvement of institutional management is a key factor in enabling these institutions to compete on a national and international level. Research methodology uses confirmatory factor analysis to test the hypotheses developed while structural equation modeling is employed as the equation model. The sample population comprised 16 private tertiary institutions in South Sumatra, Indonesia. The study focused on the heads of study programs resulting in a total of 195 respondents. The results indicated that self-efficacy and knowledge sharing did not have a direct impact on readiness for change whereas adaptability exhibited a direct influence. The study demonstrated that adaptability acts as a mediator between self-efficacy and knowledge sharing towards readiness for change. The final model test results confirmed adaptability as a mediating variable. Additionally, the study revealed that external environmental change did not moderate the relationship between adaptability and readiness for change. Changes of a high calibre that promote a sustained digital education transformation are necessary due to the real-world effects on Indonesia's higher education system. The ability to adapt and embrace new technology is very important factors for higher education performance to face readiness for change in private higher education, especially in management units.
29 June 2024 in International journal of business, economics & management
The purpose of this study is to obtain empirical evidence of the, Environmental Social And Governance (ESG) on the Banking Company firm's performance listed on the Indonesia Stock Exchange. The sampling technique used purposive sampling, the research samples obtained totaled 9 companies with a research period from 2019-2022 so that there were 36 units of analysis. The research design was quantitative descriptive. The analysis technique in this research is multiple regression analysis method. The results showed that Environmental has a significant positive effect, Governance and Social has no significant effect on firm's performance. The implication of this research is that companies must pay attention to that Environmental Social And Governance and those that can affect profitabilty so that company performance can increase.