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Gender differences in the effects of self-congruity on tourist happiness and revisit intentions in ecotourism areas Kumenaung, Dean Salomo Anthonino; Hendryadi, Hendryadi; Faruqi, Faris; Effendi, Syahrul
Jurnal Manajemen Strategi dan Aplikasi Bisnis Vol 8 No 1 (2025)
Publisher : Lembaga Pengembangan Manajemen dan Publikasi Imperium

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36407/jmsab.v8i1.1551

Abstract

The research investigated the relationship between self-congruity, perceived happiness, and the intention to revisit an ecotourism destination, mainly focusing on Generation Z in Jakarta. A total of 246 participants were analyzed using multi-group structural equation modeling (SEM). The findings revealed a strong positive correlation between self-congruity and happiness and between self-congruity and the intention to revisit. Additionally, happiness was found to influence the intention to revisit positively. The study also examined how gender differences affect the relationships among self-congruity, happiness, and the intention to revisit. This research provides insights into the connections between self-congruity, happiness, and the desire to return to ecotourism sites, especially among Gen Z travelers. Furthermore, exploring gender differences enhances our understanding of the factors that shape travel behavior and intentions in the context of ecotourism.
The Effect of ESG and Green Innovation on the Financial Performance of Listed Firms Ramadhana, Luqman Arief; Effendi, Syahrul
Research of Finance and Banking Vol. 3 No. 1 (2025): April 2025
Publisher : SAN Scientific

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58777/rfb.v3i1.357

Abstract

This study examines the impact of Environmental, Social, and Governance (ESG) practices and green innovation on corporate financial performance, measured by Tobin's Q. With sustainability gaining prominence globally and in Indonesia evident in the rise of the ESG Leaders Index there remains limited empirical evidence on its financial implications in the Indonesian context. Using purposive sampling, 19 companies listed in the ESG Leaders Index were analyzed from 2020 to 2022. Results show that ESG practices had a negative but insignificant effect on financial performance, whereas green innovation had a positive and significant impact. Additionally, firm size and leverage were found to significantly influence performance. These findings highlight that while ESG implementation in Indonesia faces obstacles such as high costs and limited integration, green innovation presents a more immediate pathway to financial improvement. For managers, this suggests prioritizing environmentally friendly innovation can boost efficiency, reduce costs, and attract sustainability-minded stakeholders. Meanwhile, ESG practices should be approached with a strategic, long-term mindset to realize their potential value. Sustainability should be embraced not merely as compliance but as a forward-looking investment contributing to long-term profitability.
The impact of ESG implementation and green innovation on the financial performance of companies listed on the IDX ESG leaders index (2020-2022) Ramadhana, Luqman Arief; Effendi, Syahrul
Indonesian Journal of Business, Accounting and Management Vol. 7 No. 2 (2024)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36406/ijbam.v7i2.7

Abstract

This study aims to examine the impact of Environmental, Social, and Governance (ESG) performance and green innovation on the financial performance of companies. Economic performance is measured using Tobin's Q, while ESG and green innovation are measured using indicators established by the researchers. The research population comprises all 30 companies listed on the IDX ESG Leaders Index between 2020 and 2022. Applying purposive sampling criteria, a final sample of 19 companies was selected for analysis. The findings reveal a contrasting influence of the two independent variables. The ESG performance variable demonstrates a negative and significant effect on corporate financial performance. Conversely, green innovation exhibits a positive and significant impact. Furthermore, the control variables, company size and leverage, are also proven to influence financial performance significantly. These findings indicate that while green innovation directly contributes to enhanced financial outcomes, the current implementation of ESG practices may incur short-term costs that outweigh its immediate economic benefits. Article Information:Received 10/2/2024 / Revised 11/22/2024 / Accepted 12/6/2024 / Online First 12/22/2024