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The Effect of Ownership Structure, Sustainability Value, and Internationalization on Firm Value Mediated By Technical Efficiency in The Transportation and Logistics Industry In Indonesia M. Arif Hernawan; Enny Haryanti; Herlina Herlina; Ika Utami Yulihapsari; Siti Nurhayati
Greenation International Journal of Economics and Accounting Vol. 4 No. 2 (2026): Greenation International Journal of Economics and Accounting (May - June 2026)
Publisher : Greenation Research & Yayasan Global Resarch National

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/gijea.v4i2.888

Abstract

The transportation and logistics sector plays a strategic role in the Indonesian economy; however, firm value within this sector remains heterogeneous due to differences in technical efficiency and corporate strategies. Such variations indicate that ownership structure, degree of internationalization, and sustainability value may shape technical efficiency and, ultimately, firm value.This study aims to examine the effects of corporate ownership, internationalization, and sustainability value on firm value, with technical efficiency serving as a mediating variable. The study employs panel data regression and Sobel tests. Technical efficiency is measured using operational efficiency scores derived from a production-based approach, firm value is proxied by Tobin’s Q, internationalization is measured using the foreign assets to total assets ratio (FATA), sustainability value is measured by the ratio of corporate social responsibility expenditures to net income, and corporate ownership is measured by the proportion of institutional ownership. The sample consists of transportation and logistics companies listed on the Indonesia Stock Exchange during the period 2014–2023.The empirical results indicate that corporate ownership and sustainability value positively affect technical efficiency, while internationalization has a negative effect on technical efficiency. Technical efficiency, in turn, positively influences firm value. Regarding direct effects on firm value, corporate ownership shows a positive but insignificant effect, internationalization has a positive and significant effect, and sustainability value has a negative effect. In terms of indirect effects through technical efficiency, corporate ownership and sustainability value positively influence firm value, whereas internationalization exerts a negative indirect effect.These findings contribute to the literature by highlighting the role of technical efficiency as a key mechanism linking ownership structure, internationalization, and sustainability value to firm value. From a managerial perspective, the study emphasizes the importance of optimizing technical efficiency in strategic decision-making within the transportation and logistics industry.
The Influence Intervening of Trust on Purchase Intention with the Moderating Effect of Gender Marthaleina Ruminda; Yuliantini Yuliantini; Yulianti Keke; Indriyati Indriyati; Ika Utami Yulihapsari
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 6 (2025): JIMKES Edisi November 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i6.3989

Abstract

High-quality information and services are expected to increase customer confidence in the online market. Customer trust is expected to increase customer buying interest, regardless of gender. This study aims to investigate the increase in consumer buying interest through trust as an intervening variable and gender as a moderation variable. The population in this study is online market customers. Meanwhile, the research sample amounted to 306 customers located in the Jakarta area. This study uses a quantitative descriptive method. Validity tests and reliability tests are carried out to find out that the indicators used meet the research requirements. Next, a research model test was carried out. The data analysis techniques used include path analysis and Structural Equation Modeling (SEM). Test the model using SmartPLS 4 software. The study found that high-quality information and services significantly increased customer buying interest. The results of the direct hypothesis test and the hypothesis test were not directly accepted, except for the indirect hypothesis test regarding the indirect influence of confidence on buying interest moderated by gender variables. Further research is expected to develop similar research variables and indicators so that it can strengthen the results of this research.
Logistics value co-creation in sustainable last-mile delivery: Evidence from parcel lockers in Indonesia Lesmini, Lis; Firdaus, Muhammad Iqbal; Agusinta, Lira; Yulihapsari, Ika Utami
Asian Management and Business Review Volume 6 Issue 2, 2026
Publisher : Master of Management, Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AMBR.vol6.iss2.art13

Abstract

Indonesia’s rapid e-commerce growth has intensified pressure on last-mile delivery (LMD) systems, making sustainable and consumer-centric solutions increasingly urgent. While self-collection parcel (SCP) lockers offer promising alternatives to conventional home delivery, their adoption remains limited despite mounting urban logistics inefficiencies. Drawing on service-dominant logic (SDL), this study examines how logistics value, utilitarian and hedonic orientations, and environmental knowledge influence consumers’ willingness to co-create and, subsequently, their intention to adopt SCPs. A quantitative cross-sectional survey was administered to 235 online shoppers in Greater Jakarta, selected through purposive sampling from a target population of active online marketplace users with prior e-commerce experience. Data were collected electronically via a structured questionnaire distributed through online channels and analyzed using partial least squares structural equation modeling (PLS-SEM). Results confirm that logistics value, utilitarian orientation, hedonic orientation, and environmental knowledge each positively influence willingness to co-create. Furthermore, willingness to co-create and environmental knowledge directly and significantly predict SCP adoption intention. These findings advance SDL theory by positioning consumers as active operant resources in sustainable logistics ecosystems, moving beyond traditional efficiency-based perspectives. The study also contributes empirical evidence from a developing urban market, broadening the applicability of co-creation frameworks in contexts where infrastructure limitations and environmental awareness remain uneven. Practical guidance is offered for designing co-creation-oriented SCP services aligned with consumer motivations and sustainability goals.