Jurnal Riset Bisnis dan Manajemen
Vol. 18 No. 2 (2025): August Edition

INDONESIA AND ASEAN+ GREEN VS NON-GREEN HOSPITAL PERFORMANCE COMPARISON

Indra Gunawan (Universitas Islam Internasional Indonesia
Hajj Fund Management Agency)

Muhammad Achsani (IIUM Institute of Islamic Banking and Finance)
Yudi Ahmad Faisal (Center of Business and Management, Padjadjaran University)
Muhammad Fajri (University Padjadjaran)



Article Info

Publish Date
18 Aug 2025

Abstract

The aim of this study is to compare the financial performance of a sample of green hospitals and non-green hospitals in Indonesia and ASEAN+. Statistical time series methods used to analyse compiled data from time to time that enables to identify trends and patterns that happened in a data series. For the green hospital, the position of the majority financial ratio in green hospital in Indonesia is higher than non-green hospital in all period. The other way around is happening with financial ratio in hospitals in South East Asia where non-green hospitals are performing better in all periods except 2021. The result delineates that green hospital becomes the pioneer in facing climate change and creating a sustainable environment for the society. This study adds the existing literature of green economy from a quantitative perspective in ASEAN region.

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Journal Info

Abbrev

jrbm

Publisher

Subject

Economics, Econometrics & Finance

Description

The journal’s aim is to foster greater understanding of advancements in all areas of business and management by providing a platform to the scholars for disseminating their research works. The journal’s welcomes empirical and theoretical research papers and literature reviews from academicians, ...