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

Imam Wahyudi

MPRA Paper from University Library of Munich, Germany

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 (search for similar items in EconPapers)
JEL-codes: D92 E22 G32 O33 (search for similar items in EconPapers)
Date: 2012-10-11, Revised 2013-04-08
New Economics Papers: this item is included in nep-bec, nep-mac and nep-sea
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Published in The South East Asian Journal of Management 1.7(2013): pp. 57-71

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