The mediating job crafting and organizational resilience in linking information technology capabilities with sales performance: An empirical study from Indonesia

The global adoption of Central Bank Digital Currencies (CBDCs) represents a pivotal shift in monetary systems, driven by technological advancements and economic imperatives. While a small number of official digital currencies are in circulation, many nations are launching pilot programs to address financial inclusion challenges and enhance economic resilience. This study aims to identify the determinants of digital currency adoption across 116 countries, using logistic regression to analyze the effects of economic, technological, institutional, and financial factors.
The results show that higher GDP levels significantly increase the likelihood of active CBDC adoption by 332.1 percent and pilot adoption by 212.6 percent, reflecting the role of economic development. Greater internet usage improves the odds of active adoption by 12.7 percent and pilot adoption by 13.4 percent, while financial inclusion indicators, such as account ownership, increase the likelihood of adoption by 59 percent for active initiatives and 141 percent for pilot projects. Monetary freedom positively influences active adoption by 31.1 percent, and higher interest rates increase the odds by 20.8 percent. Conversely, business freedom negatively affects active adoption by 27.5 percent and pilot adoption by 29.1 percent, suggesting that countries with strong private-sector digital payment solutions may rely less on CBDCs.
These findings represent the transformative potential of digital currencies to improve financial inclusion and economic participation. Policymakers should prioritize investments in digital infrastructure and financial inclusion initiatives to facilitate the integration of digital currencies into national economies and empower underserved populations globally.

The hospitality industry faces significant challenges in achieving sustainable performance, particularly amidst a rapidly changing market and environmental uncertainties. Unfortunately, previous studies have paid limited attention to this specific aspect of performance. This study explores the antecedents – organizational resilience, dynamic capabilities, agile leadership, and organizational ambidexterity – that contribute to sustainable performance among managers in this sector. A self-administered electronic questionnaire was used to collect primary data from 210 hotel managers at various levels in Makassar, Indonesia, following a purposive sampling approach. The relationships were analyzed using partial least squares structural equation modeling (PLS-SEM) with SmartPLS 4.0. The results indicate that organizational resilience and agile leadership significantly influence sustainable performance, while dynamic capability and organizational ambidexterity do not show a significant impact. Furthermore, both organizational resilience and dynamic capability are significant to organizational ambidexterity, and they also significantly contribute to agile leadership. These findings illuminate the critical determinants affecting sustainable performance in the hospitality sector, providing valuable insights for practitioners and policymakers aiming to enhance sustainability practices in the industry.

The COVID-19 outbreak has underscored the importance of strengthening an organization’s resilience and adaptive capability. In emerging and uncertain conditions, firms must adopt new capabilities to develop and survive unstable and unforeseen crises. The purpose of this study is to examine the difference between organizational resilience and the antecedents that are validated using a quantitative survey. The respondents consist of 157 top employees from 21 private service firms at the managerial level in Bangladesh. The proposed relationship is measured using the partial least squares structural equation modeling (PLS-SEM), a symmetric approach, using SmartPLS 4 software. The findings help to produce the path coefficient with organizational resilience that can lead to sustainable environments in highly turbulent conditions. The PLS-SEM analysis indicates that the antecedents of flexibility, agility, and redundancy have a strong and meaningful association with organizational resilience in response to disruptions. Therefore, this paper shows evidence that the measurement scales more effectively account for uncertainty in achieving resilience, supporting the role of the dynamic capability view.