ABSTRACT

Even though the Public-Private Partnerships model in public infrastructure provision has proliferated in the last decade, its effectiveness with respect to the addressed problems has remained very challenging. The purpose of this study is to explore how the public-private ties model strategically managed in creating value to involved parties as well as to other stakeholders. This empirical study consolidated the value creation theories in strategic management and theories of governance in new public management discourse. It utilized an original primary dataset collected by a survey of 132 involved companies in Indonesia infrastructure development. There are at least two significant findings. First, the public infrastructure provision is beyond physical development activities. It is an economic and public value creation process. Second, the dynamic capability exploration must be executed in a way of democratic accountability, having strong stakeholders' procedural legitimacy, and public participation enforcement. The value creation needs a collaborative governance in accordance that the model is vulnerable due to endemic conflict and tensions. This research leaves out two side effect of governance. Other than as a value creation component, the governance also can perform as a value destruction of the public-private ties model. These findings have important theoretical and managerial implication for public policy to encourage private willingness participating in infrastructure development.

This study investigates how interfirm networks affect firm performance through a multi-mediation model of innovation capability and exports in the context of high-tech industries in Indonesia as one of the emerging economies. As part of domestic and international business networks, the firm can benefit from various forms, such as being a supplier to another firm in the next value chain, learning external knowledge, resource sharing, and, in turn, increasing firm performance. However, there is no guarantee that firms engaging in the interfirm network will increase their performance through innovative capability and internationalization through exporting activities. This study utilizes the large and medium manufacturing industries 2017 dataset from an annual survey conducted by Statistics Indonesia. We created a total sample of 2,578 firms from 7 industries in Indonesia's high-tech industries based on two-digit International Standard Industrial Classification (ISIC) manufacturing industries. By employing Structural Equation Model (SEM) – Path Analysis, this study found that the interfirm network positively and significantly affects the firm's performance. Meanwhile, a significant but not unidirectional effect was found in the relationship between interfirm networks and innovation capability, as well as innovation capability on firm performance. Export plays an important role in improving the company's performance, either directly or as a mediator. However, the mediating effect of innovation capabilities and export activities on interfirm networks and firms' performance is much smaller than the direct effect of interfirm networks on firms' performance. Doi: 10.28991/HIJ-SP2022-03-05 Full Text: PDF

This study aims to explore the growth of publications by focusing on firm performance through internationalization and the impact of ownership on firm performance, and finally firm performance will ultimately determine the sustainability of the industry. The study was conducted based on data from the Scopus website from 1971 to 2020. Data analysis was performed by grouping and comparing the growth of published articles. After that the analysis continues by looking at the journals that most publish this topic and the quality of the journal. An analysis of the countries of the authors who contributed the most to this research along with the most productive authors was also presented. And the next analysis is to explore the keywords in the research, an analysis is made of the interrelationship of the research that has been done which conducted based on bibliographic coupling technique and present the opportunities for topics that are still rarely examined in this field.

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