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Cost of Capital Revisited: Trends and Insights via Bibliometric Analysis and Literature Review Gunawan, William Ben
Klabat Journal of Management Vol 6 No 2 (2025): Klabat Journal of Management
Publisher : Faculty of Economics and Business, Universitas Klabat

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60090/kjm.v6i2.1322.135-150

Abstract

This study explores the evolving landscape of cost of capital research through a bibliometric analysis and literature review. Examining publications from the Scopus database, the research identifies significant trends in scholarly output and country contributions over the past two decades. The bibliometric analysis reveals key thematic clusters, such as investment, risk, and capital structure, and highlights shifts in popular keywords over time. Concurrently, a comprehensive literature review synthesizes findings on the crucial importance of the cost of capital for business performance, sustainability, and competitive advantage. It also elucidates various strategies and solutions for its effective management and improvement. The study provides insights into the practical implications of optimizing the cost of capital for businesses and organizations, contributing to a holistic understanding of its role in financial decision-making.
The interlink between capital structure, sales growth, and sustainable growth rate: Comparative insights from IDX Growth and IDX Sharia Growth Gunawan, William Ben
Klabat Accounting Review Vol 6 No 2 (2025): Klabat Accounting Review
Publisher : UNKLAB Business School

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.60090/kar.v6i2.1337.81-93

Abstract

The dynamics of capital structure (CS), sales growth (SG), and sustainable growth rate (SGR) play pivotal roles in corporate finance, impacting a company’s valuation and strategic direction. This study investigates the factors influencing the SGR of companies listed in the IDX Growth 30 and IDX Sharia Growth indices, focusing on the roles of CS and SG. Using a quantitative approach, secondary data from the financial reports of these companies from 2022 to 2023 were analyzed through regression and comparative statistical methods. The findings reveal distinct influences on SGR for each index: within the IDX Growth 30, SG significantly impacts SGR positively, emphasizing the importance of revenue expansion and internal funding, while CS does not show a significant effect. In contrast, for IDX Sharia Growth firms, CS significantly influences SGR, highlighting the effective use of ethical financing sources, whereas SG does not. Despite these differences, there are no significant gaps in SGR between sharia-compliant and non-sharia firms, indicating that both achieve comparable sustainable growth through their respective strategies. Only CSs are different between these two types of firms. These results suggest that tailored growth strategies are essential, with conventional firms focusing on sales and market expansion and sharia-compliant firms leveraging ethical financing and operational efficiencies. Future research should consider additional variables like ownership structure and macroeconomic factors to further understand their impact on SGR across different firm categories.
Revisiting the Sustainable Development Goal 4 “Quality Education”: Insights, Prospects, and Recommendations Gunawan, William Ben
SAKAGURU: Journal of Pedagogy and Creative Teacher Vol 2 No 1 (2025): May 2025 | SAKAGURU: Journal of Pedagogy and Creative Teacher
Publisher : Wise Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70211/sakaguru.v2i1.202

Abstract

This paper explores the global challenges and prospects associated with the implementation of the United Nations Sustainable Development Goals (SDGs), with a focused analysis on Goal 4: Quality Education. Drawing on current data, scholarly research, and policy reports, the study identifies disparities in educational access and quality across regions, emphasizing how socio-economic, geographical, political, and digital divides impede equitable learning opportunities. A comparative analysis of four countries—Nigeria, India, Finland, and Japan—illustrates how varying governance structures, economic capacities, and cultural dynamics shape education outcomes. The study further examines the impact of global phenomena such as the COVID-19 pandemic, geopolitical tensions, energy transitions, and economic downturns on educational systems. Through this multi-scalar analysis, the paper identifies structural barriers and systemic weaknesses that hinder progress toward SDG 4, particularly in low-income and conflict-affected regions. The paper concludes by offering actionable recommendations, including intersectoral collaboration, inclusive education policy reforms, investment in digital infrastructure, and capacity building in under-resourced areas. The findings underscore the need for globally coordinated, locally adapted strategies that center equity and resilience to ensure the realization of inclusive and quality education for all by 2030.