Portfolio Diversification on Value Creation and Its Implication on Business Performance

Virda Dimas Ekaputra (), Agus Rahayu, Lili Adi Wibowo and Puspo Dewi Dirgantari
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Virda Dimas Ekaputra: Universitas Pendidikan Indonesia
Agus Rahayu: Universitas Pendidikan Indonesia
Lili Adi Wibowo: Universitas Pendidikan Indonesia
Puspo Dewi Dirgantari: Universitas Pendidikan Indonesia

A chapter in Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), 2024, pp 1015-1027 from Springer

Abstract: Abstract The present research aims to investigate the impact of business orientation and portfolio diversification on value creation and the implication on the business performance of the non-aero airport service industry in Indonesia. The study is conducted using a quantitative research approach. The observation is conducted on a cross-section/one-shot time horizon in 2023. The unit of analysis in this study is all airports in Indonesia, and 25 airports are taken as samples with consideration that the airports have sufficient complexity and have served commercial flights. Partial Least Square (PLS) is used to test the hypothesis. The results of hypothesis testing show that portfolio diversification has a dominant influence on value creation than business orientation; value creation has a significant effect on business performance, and value creation mediates the influence of business orientation and portfolio diversification on business performance. The results of this study propose managerial implications for the management of non-aero airport service industry companies in Indonesia to develop value creation based on portfolio diversification and business orientation to enhance their business performance.

Keywords: Business Orientation; Portfolio Diversification; Value Creation; Business Performance; Non-Aero Service Industry (search for similar items in EconPapers)
Date: 2024
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DOI: 10.2991/978-94-6463-443-3_133

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