Environmental Dynamic, Business Strategy, and Financial Performance: An Empirical Study of Indonesian Property and Real Estate Industry

Wahyudi, Imam

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Environmental Dynamic, Business Strategy, and Financial Performance: An Empirical Study of Indonesian Property and Real Estate Industry

South East Asian Journal of Management, Vol. 7, No. 1, pp. 57-71, April 2013. ISSN: 1978-1989

15 Pages Posted: 5 May 2013 Last revised: 14 Nov 2015

See all articles by Imam Wahyudi

Imam Wahyudi

University of Indonesia (UI) - Department of Management, Faculty of Economics and Business, University of Indonesia

Date Written: April 1, 2013

Abstract

Firm’s strategic orientation involves synchronizing environmental dynamics, corporate strategy and capital structure in order to achieve firm performance targets. The co-alignment model used successfully in the hospitality industry might be used in a wider context as a framework in explaining these relationships simultaneously. Using the data of public firms in Indonesia during the period of 1996-2010, we found that co-alignment model can be implemented in property and real estate industry as well as in hospitality industry.

Keywords: Macroeconomic conditions, Corporate strategy, Performance, Property and real estate, Investment

JEL Classification: L16, L74, M13, N65, O13

Suggested Citation: Suggested Citation

Wahyudi, Imam, Environmental Dynamic, Business Strategy, and Financial Performance: An Empirical Study of Indonesian Property and Real Estate Industry (April 1, 2013). South East Asian Journal of Management, Vol. 7, No. 1, pp. 57-71, April 2013. ISSN: 1978-1989, Available at SSRN: https://ssrn.com/abstract=2260668