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The Role of STOPE Framework in the Effectiveness of E-Catalog at the Ministry of Public Works and Public Housing Rina Wibowo; Erwin Saraswati; Sari Atmini
Eduvest - Journal of Universal Studies Vol. 5 No. 6 (2025): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v5i6.51355

Abstract

The implementation of sectoral e-catalogs is a crucial part of government procurement reform, aiming to enhance transparency, accountability, and efficiency. However, its effectiveness still encounters several challenges in practice. Understanding the influencing factors is essential for optimizing the system.. This study adopts a quantitative approach using a survey method. The respondents are employees of the Ministry of Public Works and Public Housing who are directly involved in the management and use of sectoral e-catalogs. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the STOPE (Strategy, Technology, Organization, People, Environment) framework as the theoretical basis. The findings reveal that strategic, technological, organizational, and people-related factors have a positive and significant effect on the effectiveness of sectoral e-catalog implementation. In contrast, environmental factors did not show a significant impact. The results highlight the importance of strengthening internal capacity and alignment across strategic, technological, organizational, and human resource dimensions to improve e-catalog performance. These insights are valuable for developing more adaptive and responsive electronic procurement policies in the public sector.
SDGs DISCLOSURE DEPENDENCY ON INFORMATION ASYMMETRY TO REDUCE FIRMS’ STOCK VOLATILITY Irham Kamil; Erwin Saraswati; Noval Adib
JRAK Vol 18 No 1 (2026): April Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v18i1.36044

Abstract

Motivated by limited SDGs financing and largely symbolic corporate engagement in Indonesia, concerns arise regarding how SDGs disclosure relates to stock volatility. This study examines the effect of SDGs disclosure on stock volatility and the role of information asymmetry, with SDGs disclosure decomposed into depth, breadth, and concentration. This quantitative study uses firms in the ESGQ KEHATI Index over 2020–2024, resulting in 197 firm-year observations and analyzed using panel regression. The findings indicate that SDGs disclosure tends to reduce stock volatility, although this effect depends on information asymmetry. At the dimensional level, depth is associated with higher volatility, while breadth and concentration show an inverse relationship. These findings provide empirical insights into the role of SDGs disclosure in capital market dynamics and contribute to the limited literature in Indonesia.