Social Responsibility and Marketing Impact on Hospital Business Sustainability: Lesson from Indonesia
Frinda Susanto
Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia.
Farida Jasfar
Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia.
Hamdy Hady
Pascasarjana, Universitas Persada Indonesia YAI, Jakarta, Indonesia.
Robert Kristaung *
Faculty of Economics and Business, Universitas Trisakti, Jakarta, Indonesia.
*Author to whom correspondence should be addressed.
Abstract
This research empirically examines the influence of corporate and employee social responsibility, customer satisfaction, trust, and loyalty, and sustainable business variables. The methods of this study using Partial Least Square-Structural Equation Modelling with hypothesis testing. Hospitals listed on the Indonesia Stock Exchange that carry out corporate social responsibility (CSR) were used as study objects. The number of samples collected was 96 respondents. The result showed although employee social responsibility (ESR) has a positive effect on customer satisfaction and trust, it has no significant impact on business sustainability. Likewise, patient satisfaction has a positive effect on loyalty, yet it has no significant impact on business sustainability. Trust has a positive effect on patient loyalty and business sustainability. The research novelty is corporate social responsibility as a determinant of business sustainability, as both an independent and mediating variable, including the employee social responsibility. Patient trust plays a vital role as a mediator between patient satisfaction and loyalty. Ethics has the highest contribution to CSR, furthermore, employee social responsibility and measurement are valid for marketing studies.
Keywords: CSR, ESR, customer satisfaction, trust, loyalty, sustainable business.