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ESG PERFORMANCE AND FIRM VALUE: THE MODERATING ROLE OF OWNERSHIP CONCENTRATION Taufik; M. Arief Noer Wibowo; Sulastri; Yuliani; Isni Andriana; Afriyadi Cahyadi
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 6 No. 3 (2026): June
Publisher : CV. Radja Publika

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Abstract

The purpose of this study is to analyze how ESG Performance influences firm value and whether ownership concentration moderates the relationship between ESG performance and firm value. The population used is 128 companies in three ASEAN countries (Indonesia, Malaysia, and Thailand) from 2021–2024. A sample of 85 companies was selected using purposive sampling. The results of the study show that ESG performance has a positive effect on firm value and that ownership concentration moderates the relationship between ESG performance and firm value. For further research, it is recommended to add research period and other independent variables inluencing firm value.
Dispute Prevention in Culinary Business Transactions: An Introduction to ADR/Arbitration Clauses for MSMEs Ahmad Widad Muntazhor; M. Arief Noer Wibowo; Farah Aurelia
Unram Journal of Community Service Vol. 6 No. 4 (2025): December
Publisher : Pascasarjana Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/ujcs.v6i4.1267

Abstract

This Community Service Program aimed to introduce the concept of Alternative Dispute Resolution (ADR), particularly arbitration, as a preventive approach in managing business dispute risks within micro, small, and medium-scale culinary enterprises. Culinary-based MSMEs generally rely on trust and informal communication in their commercial transactions, making them vulnerable to conflicts arising from differences in interpretation, delayed payments, price changes, or contract breaches. Through this program, participants were provided with knowledge of the legal position of arbitration as a dispute-resolution forum outside the state court system, the final and binding nature of arbitral awards, and the importance of incorporating simple arbitration clauses into business agreements as a tool for dispute prevention. The activity was implemented using a combination of lecture, discussion, and question-and-answer methods. The results show that participants demonstrated a high level of interest due to limited access to information related to non-litigation dispute resolution mechanisms. Participants also acknowledged that inserting simple arbitration clauses—even in order forms commonly used in day-to-day operations—constitutes a realistic approach. This program has encouraged an increased awareness of the need for more structured contractual practices as part of improving business governance among MSMEs. It is expected that this knowledge could stimulate MSMEs to develop transactional systems that not only rely on trust but are also equipped with adequate preventive instruments, thereby strengthening the stability, security, and competitiveness of their business practices.