Environmental dynamic, business strategy, and financial performance: An empirical study of Indonesian property and real estate industry

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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.
Original languageEnglish
JournalThe South East Asian Journal of Management (SEAM), FEB Unversitas Indonesia
Volume7
Issue number1
DOIs
Publication statusPublished - Apr 2013

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