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The Role of Environmental, Social, and Governance (ESG) and Strategic Efficiency in Enhancing Financial Performance: Evidence from the Food and Beverage Industry in Indonesia Belinda Mora Siagian; Silvia Tri Handayani; Ratu Aisyah Ratih Primaputri
TECHNOBIZ : International Journal of Business Vol. 9 No. 1 (2026): April 2026
Publisher : TECHNOBIZ : International Journal of Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33365/technobiz.v9i1.1611

Abstract

This study examines the role of Environmental, Social, and Governance (ESG) and strategic efficiency in influencing financial performance within Indonesia’s food and beverage industry. The research addresses whether sustainability practices and asset utilization contribute to profitability in the short term. Using a quantitative explanatory approach, the study analyzes 50 firm-year observations from 25 listed companies during the 2023–2024 period. Financial performance is proxied by Return on Assets (ROA), while ESG scores represent sustainability commitment and asset turnover reflects strategic efficiency. Multiple linear regression is employed to test the proposed model. The results indicate that ESG demonstrates a positive relationship with ROA at the 10% significance level, suggesting that sustainability practices begin to contribute to corporate profitability. However, asset turnover and firm size do not show significant effects on financial performance. These findings imply that the impact of sustainability on profitability tends to be gradual and requires consistent strategic integration.
General Well-Being in Workers: Determinant Analysis, Literature Development, and Research Gap through Systematic Literature Review Yusuf Radityawan Idrad; Aulia Shafira Vanessa; Silvia Tri Handayani
Journal of Social Research Vol. 5 No. 8 (2026): Journal of Social Research
Publisher : International Journal Labs (AHU-0028405-AH.01.14 Tahun 2022)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v5i8.3289

Abstract

The increasing complexity of the modern work environment has made worker wellbeing a strategic issue for organizational sustainability. Changes in workplace systems, digital transformation, flexible working arrangements, and rising psychosocial risks have expanded the understanding of wellbeing beyond physical health into a multidimensional concept involving psychological, social, organizational, occupational, and technological aspects. This study aims to analyze the development of research on general wellbeing among workers, identify the main determinants influencing worker wellbeing, and map existing research gaps and future research directions. This study employs a Systematic Literature Review (SLR) approach using scientific articles indexed in the Scopus database. The literature selection process follows the PRISMA framework, resulting in 58 eligible international articles published between 2021 and 2026. The findings indicate that research on worker wellbeing has increased significantly, particularly in recent years, with major determinants categorized into six dimensions: individual psychological factors, organizational factors, social factors, job characteristics and demands, physical health and occupational safety, and technology-related factors. The synthesis also reveals that previous studies remain fragmented, focusing mainly on specific wellbeing dimensions and occupational groups rather than integrating wellbeing as a comprehensive construct. This study concludes that general wellbeing among workers is a multidimensional phenomenon requiring a holistic approach. The findings contribute theoretically by strengthening wellbeing frameworks and practically by supporting organizations in developing comprehensive worker wellbeing strategies.