Hendri Bin Muhammad Nur
Gabungan Riset Edukasi dan Eksplorasi Teori

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THE IMPACT OF GOOD CORPORATE GOVERNANCE ON ESG PERFORMANCE: EVIDENCE FROM INDONESIAN LISTED COMPANIES Hendri Bin Muhammad Nur; Muhammad Azril
GLOBAL RESEARCH IN ECONOMICS AND ADVANCE THEORY (GREAT) Vol 1 No 2 (2024): GREAT Journal
Publisher : GREET

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65788/greatjournal.v1i2.51

Abstract

This study examines the impact of Good Corporate Governance (GCG) on Environmental, Social, and Governance (ESG) performance in Indonesian listed companies. Using data from 100 firms on the Indonesia Stock Exchange (2020–2022), collected through annual and sustainability reports as well as third-party ESG ratings, regression and correlation analyses demonstrate a strong positive relationship between governance and sustainability outcomes. Firms with stronger GCG—measured by board structure, transparency, and accountability—show significantly higher ESG scores, with a one-point improvement in governance corresponding to a 0.45-point increase in ESG performance. Sectoral analysis reveals that manufacturing firms outperform financial institutions, while board diversity, particularly gender representation, further enhances sustainability initiatives. These findings reinforce stakeholder theory, indicating that governance mechanisms promote inclusivity and long-term value creation. The study contributes empirical evidence from an emerging economy, highlighting how regulatory frameworks and market pressures strengthen the governance–sustainability nexus. Overall, GCG is shown to be a strategic driver that not only improves ESG performance but also enhances competitiveness, investor confidence, and sustainable growth in Indonesia’s corporate sector.
FINANCIAL LITERACY AND HOUSEHOLD SAVING BEHAVIOR: A COMPARATIVE STUDY OF URBAN AND RURAL COMMUNITIES IN INDONESIA Luthfiar Ramiady; Hendri Bin Muhammad Nur
SUMBER INFORMASI MANAJEMEN BISNIS DAN AKUNTANSI Vol 2 No 2 (2025): Jurnal SIMBAN
Publisher : Gabungan Riset Edukasi dan Ekplorasi Teori (GREET)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65788/simban.v2i2.40

Abstract

This study examines the relationship between financial literacy and household saving behavior in Indonesia, focusing on disparities between urban and rural communities. Employing a mixed-methods design, the research combines survey data from 500 households with in-depth interviews to capture both quantitative patterns and qualitative insights. The findings reveal significant literacy gaps: 65% of urban households demonstrate a basic understanding of financial concepts compared to only 35% of rural households. These disparities translate into distinct saving practices, with urban families more likely to engage in formal banking and investment, while rural households rely on informal mechanisms with limited long-term security. Cultural norms, digital access, and income levels further mediate these dynamics. Notably, households participating in targeted financial education programs reported a 20% increase in savings within six months, underscoring the transformative potential of structured interventions. The study highlights the dual role of technology as an enabler in urban contexts and a barrier in rural areas, pointing to the urgent need to address the digital divide. By integrating cultural sensitivity, technological inclusion, and community-based approaches, policymakers and educators can design more effective strategies to enhance financial literacy. Beyond immediate saving behavior, the study emphasizes the broader implications of literacy for economic resilience, equity, and sustainable development.
THE POLITICAL ECONOMY BEHIND ENERGY SUBSIDY POLICY: IMPLICATIONS FOR INFLATION IN INDONESIA Hendri Bin Muhammad Nur
GLOBAL RESEARCH IN ECONOMICS AND ADVANCE THEORY (GREAT) Vol 3 No 3 (2026): GREAT Journal
Publisher : GREET

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65788/greatjournal.v3i3.122

Abstract

Energy subsidy policy remains a central component of Indonesia’s economic governance due to its significant implications for inflation, fiscal sustainability, and social welfare. While previous studies have predominantly examined either the economic consequences of energy subsidies or the political challenges associated with subsidy reform, limited attention has been given to the interaction between these dimensions within a comprehensive political economy framework. This study aims to analyze how energy subsidy policies influence inflation in Indonesia and to examine the political, fiscal, and social factors that shape subsidy-related decision-making. Employing a qualitative research design, the study utilizes document analysis of government reports, budget documents, publications from Statistics Indonesia (BPS), reports from international organizations, and relevant academic literature. The data were analyzed using thematic content analysis to identify patterns linking energy subsidies, inflation dynamics, fiscal conditions, and political incentives. The findings indicate that energy subsidies contribute to short-term price stability by reducing energy-related production and transportation costs, thereby moderating inflationary pressures. However, prolonged reliance on subsidies generates fiscal burdens, distorts market incentives, and increases vulnerability to external energy price shocks. The analysis further reveals that subsidy policies are strongly influenced by political considerations, including electoral incentives, public expectations, and concerns regarding social stability, which often constrain reform efforts. Although subsidy reforms tend to trigger short-term inflationary effects, they can enhance fiscal sustainability, improve resource allocation efficiency, and support long-term economic resilience when accompanied by appropriate social protection measures. This study contributes to the literature by offering an integrated political economy perspective that connects economic, political, social, and environmental dimensions of energy subsidy policy. The findings suggest that sustainable inflation management requires a balanced policy framework that combines fiscal discipline, targeted social assistance, and long-term energy transition strategies to promote both macroeconomic stability and inclusive development.