Why Lag Behind? Investigating Business Sustainability Challenges in First-Mover Sharia Banks: A Systematic Review and Bibliometric Analysis
Keywords:
Resource-Based View, Dynamic Capabilities, Crisis Management Effectiveness, Sustainable Competitive Advantage, ESG Implementation, Business SustainabilityAbstract
This study explores the persistent sustainability challenges faced by first-mover Sharia banks in Indonesia, which despite their pioneering status, continue to underperform compared to conventional banks. Using a Systematic Literature Review (SLR) and bibliometric analysis via VOSviewer, this paper synthesizes academic discourse on business sustainability within Islamic banking, focusing on strategic antecedents such as the Resource-Based View (RBV), Dynamic Capabilities, and Crisis Management Effectiveness. The findings highlight a fragmented integration of these strategic theories in the context of Sharia banking, particularly in emerging economies. Furthermore, the study identifies Environmental, Social, and Governance (ESG) practices as a critical moderating variable, contextualized by the unique positioning of Indonesia’s Sharia banks as first movers committed to sustainability. The proposed conceptual model contributes to both academic literature and practical banking strategies by outlining a more holistic, context-sensitive approach to achieving Sustainable Competitive Advantage (SCA). This research provides a foundation for future empirical validation using longitudinal performance data and advanced modeling techniques.
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