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Portfolio Diversification on Value Creation and Its Implication on Business Performance

In: Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023)

Author

Listed:
  • Virda Dimas Ekaputra

    (Universitas Pendidikan Indonesia)

  • Agus Rahayu

    (Universitas Pendidikan Indonesia)

  • Lili Adi Wibowo

    (Universitas Pendidikan Indonesia)

  • Puspo Dewi Dirgantari

    (Universitas Pendidikan Indonesia)

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.

Suggested Citation

  • Virda Dimas Ekaputra & Agus Rahayu & Lili Adi Wibowo & Puspo Dewi Dirgantari, 2024. "Portfolio Diversification on Value Creation and Its Implication on Business Performance," Advances in Economics, Business and Management Research, in: Ratih Hurriyati & Lili Adi Wibowo & Sulastri Sulastri & Lisnawati Lisnawati (ed.), Proceedings of the 8th Global Conference on Business, Management, and Entrepreneurship (GCBME 2023), pages 1015-1027, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-443-3_133
    DOI: 10.2991/978-94-6463-443-3_133
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