Azwani Aulia, Johannes Kristian Siregar, Feni Ariani Rahayu Aripin

The Role Of Green Culture In Generating Sustainable Economic Performance And Increasing Post-Pandemic Stock Prices Healthcare Sector In Indonesia And Singapore

Introduction

The role of green culture in generating sustainable economic performance and increasing post-pandemic stock prices healthcare sector in indonesia and singapore. Pelajari peran budaya hijau dalam mendorong kinerja ekonomi berkelanjutan dan kenaikan harga saham pasca-pandemi di sektor kesehatan Indonesia & Singapura. Temukan dampaknya.

Abstract

Green culture pada sektor healthcare menjadi isu baru dalam dunia ekonomi karena dinilai mampu meningkatkan nilai perusahaan, dengan cara melestarikan sumber daya alam agar pembangunan ekonomi tetap berkelanjutan. Penelitian ini bertujuan untuk mengetahui peran green culture dalam membangkitkan kinerja ekonomi berkelanjutan dan kenaikan harga saham pasca pandemi sektor healthcare di indonesia dan singapura, sehingga manajemen perusahaan dapat mengimplikasikan hasil penelitian ini yang diharapkan dapat memberikan manfaat langsung maupun tidak langsung bagi perusahaan-perusahaan di sektor kesehatan. Penulis mengumpulkan variabel independen yang terkait dengan penelitian yaitu sdgs dan stock return, dan variabel dependen green culture, dengan nilai perusahaan sebagai variabel intervening. Populasi penelitian ini adalah perusahaan sektor kesehatan yang terdaftar di bursa efek indonesia dan singapura. Penelitian ini menggunakan metode kuantitatif dengan data sekunder menggunakan analisis multivariat dengan pendekatan path analysis menggunakan eviews 13. Pengujian h1; h2; h3; yang mempunyai hasil signifikan karena mempunyai nilai p dibawah 0,05. Sedangkan h4 mempunyai hasil yang tidak signifikan karena mempunyai nilai p diatas 0,05. Untuk menjawab tantangan keuangan berkelanjutan diperlukan perangkat kebijakan dari berbagai kementerian dan lembaga terkait. Selain meningkatkan kesadaran masyarakat mengenai budaya hijau, kebijakan yang diambil diharapkan juga disertai dengan insentif atau disinsentif kepada sektor kesehatan guna meningkatkan porsi pembiayaan yang mendukung keuangan berkelanjutan menuju net-zero emisi.

Review

This study embarks on a highly pertinent and timely topic, exploring the pivotal role of 'green culture' within the healthcare sector in fostering sustainable economic performance and influencing post-pandemic stock prices in Indonesia and Singapore. The premise that green initiatives can enhance firm value by preserving natural resources while ensuring sustainable economic development is compelling and aligns with current global sustainability imperatives. The research aims to provide actionable insights for healthcare management, offering a valuable comparative analysis between two significant Southeast Asian economies, which promises to yield distinct and relevant findings for policymakers and industry stakeholders alike. However, the abstract presents some critical ambiguities, particularly concerning the definition and operationalization of its core variables. There appears to be a significant inconsistency between the study's title, which positions 'green culture' as an independent variable influencing economic performance and stock prices, and the abstract's declaration that "SDGs and stock return" are independent variables, with "green culture" as the dependent variable and "firm value" as an intervening variable. This reversal fundamentally confuses the theoretical framework and the intended causal relationships. Furthermore, while the application of quantitative methods, secondary data, multivariate analysis, and path analysis using Eviews 13 is appropriate for such an inquiry, the abstract does not clarify how complex concepts like "green culture" and "sustainable economic performance" are concretely measured using secondary data. The findings regarding H1, H2, H3 being significant and H4 not significant are also presented without specifying the hypotheses themselves, making it impossible to interpret their meaning or contribution. To fully realize its potential, the study would greatly benefit from a thorough clarification of its conceptual framework, most notably the precise definition and measurement of all independent, dependent, and intervening variables. Explicitly stating the hypotheses tested would significantly enhance the transparency and interpretability of the results. Additionally, a clearer explanation of the "post-pandemic" timeframe and how green culture is operationalized from secondary data sources would strengthen the methodological robustness. Addressing these points would undoubtedly elevate the study's contribution, allowing its valuable policy recommendations – such as the need for comprehensive policy tools, public awareness campaigns, and incentives for the healthcare sector to accelerate sustainable financing towards net-zero emissions – to be built upon a more solid empirical foundation.

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