Corporate Foresight and ESG Implementation under Environmental Uncertainty: Evidence from State-Owned Banks in Indonesia

DOI

10.2991/978-94-6239-709-5_44How to use a DOI?

Keywords

Corporate Foresight; ESG Implementation; Environmental Uncertainty; Perceived Bank Performance; State-Owned Banks

Abstract

This research aims at examining the effect of corporate foresight on enhancing the implementation of Environmental, Social and Governance (ESG), as well as its impact on perceived bank performance in State-Owned Banks in South Sulawesi. Adopting a fine-grained forward-looking perspective, and based on Dynamic Capabilities Theory, Institutional Theory, and Contingency Theory perspectives, the paper postulates a moderated mediation model that ESG mediates Corporate Foresight–performance linkage and also tests for moderation effects of Environmental Uncertainty on the foresight–ESG linkage. A quantitative research design was utilised to capture primary survey data from bank customers which were subjected to Partial Least Squares Structural Equation Modelling (PLS-SEM). The results show that Corporate Foresight has a strong direct effect on ESG Adoption, which ultimately affects Satisfaction with the Bank. Second, Environmental Uncertainty acts as an enhancer of the relationship between foresight and ESG adoption (H2c), implying that contexts with high volatility may drive organizations to adopt sustainability-oriented strategies. Our study contributes to the strategic management and sustainability literature in developing countries, providing policy makers and banking executives with actionable advice on how to integrate foresight into their ESG strategies to ensure long-term resilience. Limitations and directions for future research are presented, including the need to pursue longitudinal designs and more extensive comparisons between the sectors.

Copyright

© 2026 The Author(s)

Open Access

Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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TY  - CONF
AU  - Zashya Nanda Ratrika
PY  - 2026
DA  - 2026/06/20
TI  - Corporate Foresight and ESG Implementation under Environmental Uncertainty: Evidence from State-Owned Banks in Indonesia
BT  - Proceedings of the 10th International Conference on Accounting, Management, and Economics (10th ICAME 2025)
PB  - Atlantis Press
SP  - 631
EP  - 646
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6239-709-5_44
DO  - 10.2991/978-94-6239-709-5_44
ID  - Ratrika2026
ER  -