The Role of Energy Consumption and Human Capital on Firm Performance: Evidence from Indonesias High-Tech Industry
Abstract
The high-tech industry in Indonesia is one of the industries that is the mainstay of economic growth and become the focus of development as stated in the Indonesias National Medium Term Development Plan (RPJMN 2020-2024). with today's intense competition, Indonesia needs to implement a strategy with an orientation towards forming technology-intensive industries (High-Tech Industry) supported by available resources. This study aims to build a model to test empirically the effect of energy consumption and human resources in supporting Company Performance in the High-Tech Industry. The methodology in this research uses Large and Medium-scale Manufacturing Survey data taken from Indonesian Central Bureau of Statistics (CBS). The research stages include company mapping according to classification, conducting descriptive analysis and literature studies to strengthen the research, as well as conducting empirical tests in order to build a robust model for the high-tech industry. This research lays the basis for a theoretical framework related to resource-based theory in the high-tech industry in emerging countries, especially Indonesia. In addition, the study results also provide input to firm management in formulating management strategies and recommendation to government agencies regarding applicable regulations to support the high-tech industry.
Keywords
High-Tech Industry, Energy Consumption, Human Capital, Firm Performance
Source of Fund
International
Funding Institution
BINUS
Fund
Rp.52.814.700,00
Contract Number
029/VR.RTT/III/2023