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
Date Written: April 1, 2013
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