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Environmental, Social and Governance (ESG) Integration in Financial Risk Management: Global Evidence From A Bibliometric and Systematic Literature Review Meiratri, Andriyana Kurnianisa; Kunaifi, Aang
Journal of Social Research Vol. 5 No. 1 (2025): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v5i1.2936

Abstract

This study aims to analyze the integration of Environmental, Social, and Governance (ESG) factors into financial risk management through a systematic literature review and bibliometric analysis on a global scale. ESG has transitioned to a central focus in modern financial strategies due to its role in increasing a company's resilience to long-term risks and driving business sustainability. The study synthesizes findings from 492 Scopus-indexed documents during the period 2015–2024, using VOSviewer and Biblioshiny (R) for bibliometric mapping, trend identification, and thematic clustering. The results of the analysis show an exponential growth in scientific production (Annual Growth Rate 68.76%), indicating the acceleration of the maturity of this topic, supported by a strong collaborative network and wide geographical spread. The thematic analysis confirms that the main focus of the literature is centered on the relationship between ESG and financial performance and risk, as well as the crucial role of corporate governance in mitigating risk. Qualitatively, the literature identifies three main clusters: (1) the relationship between ESG and financial risk (systematic and idiosyncratic), (2) the incorporation of ESG data in sustainable investment decisions and policy frameworks, and (3) the influence of global governance and regulatory structures on risk mitigation. Overall, the study concludes that ESG integration significantly reduces financial risk and increases corporate resilience, while highlighting the need for more sophisticated quantitative methodologies to address data standardization and disclosure challenges.
THE MODERATING ROLE OF MANAGERIAL OVERCONFIDENCE IN THE NEXUS OF MANAGERIAL ABILITY AND FIRMS LEVERAGE Kunaifi, Aang; Ninglasari, Sri Yayu; Cempaka, Santy Dwi; Hakim, Muhammad Saiful
Jurnal Bisnis dan Akuntansi Vol. 27 No. 2 (2025): Jurnal Bisnis dan Akuntansi (in progress)
Publisher : Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34208/c5yktm43

Abstract

This study aimed to investigate the impact of managerial ability on corporate financial leverage and examine the moderating role of managerial overconfidence in Indonesian publicly listed firms. The analysis was based on 1,440 firm-year observations from 2017 to 2020 and used fixed-effects regression models with firm clustered standard errors. The results showed that higher managerial ability was positively associated with greater financial leverage. Furthermore, it was found that managerial overconfidence increased this effect, suggesting that highly capable yet overconfident managers were more inclined to increase debt levels, potentially due to greater risk tolerance. This study contributed to the corporate finance literature by showing how cognitive biases interacted with managerial competence to influence leverage decisions, an interaction largely overlooked in traditional capital structure theories. These results offered practical implications for corporate governance, emphasizing the importance of complementing evaluations of managerial ability with behavioral assessments to minimize excessive risk-taking. In the context of emerging markets, this study emphasized the need for institutional reforms that consider both managerial skills and psychological traits in executive decision-making. 
Implementasi Pendidikan Agama Islam melalui Media Interaktif Digital dalam Membentuk Masyarakat Madani di Kelas PGSD A1 UNP Kediri Syarif, Nasrul; Sulistiyani; Kunaifi, Aang
JURNAL ILMIAH GEMA PERENCANA Vol 4 No 2 (2025): Jurnal Ilmiah Gema Perencana
Publisher : POKJANAS Bekerja Sama Biro Perencanaan dan Penganggaran, Sekretariat Jenderal Kementerian Agama RI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61860/jigp.v4i2.320

Abstract

This article presents that Islamic education holds an essential position in building an ethical, just, and broad-minded society. However, the implementation of Islamic education faces various challenges, such as the impact of globalization, the dichotomy between religious and scientific knowledge, the lack of character education, and limited support from multiple stakeholders. This study aims to analyze the role of Islamic education in shaping a civil society using a quantitative approach. The results indicate that digital interactive media—such as videos, educational applications, and learning games—have a positive impact on students’ understanding and motivation in studying Islamic Religious Education (PAI). Based on the collected data, 85% of students find it easier to understand the material through PowerPoint and interactive videos, 77% feel that learning applications help them study more flexibly, and 90% are more motivated through educational games. With strong support from various parties, the implementation of interactive media can serve as an effective solution to improve the quality of Islamic Religious Education (PAI) learning and to foster a generation of noble character.
ANALISIS HIGIENITAS PROSES MANUFAKTUR POCARI SWEAT PADA PT AMERTA INDAH OTSUKA PASURUAN Azis, Abdul; Kunaifi, Aang; Gani, Abdul; Refkiyadi, Refkiyadi; Romli, Moh
Prosiding Pengabdian Ekonomi dan Keuangan Syariah Vol. 4 No. 2 (2025): Prospeks
Publisher : LP2M IAI AL-KHAIRAT PAMEKASAN

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Penelitian ini bertujuan untuk menganalisis secara konkret proses manufaktur Pocari Sweat di pabrik PT Amerta Indah Otsuka, Kejayan, Kabupaten Pasuruan, Jawa Timur. Fokus penelitian meliputi alur produksi mulai dari pengolahan air artesian, proses pencampuran elektrolit, pasteurisasi, filtrasi, pembuatan botol PET, hingga aseptic filling sebagai tahap kritis dalam menjamin sterilitas produk. Metode penelitian yang digunakan adalah observasi langsung di area produksi, wawancara dengan bagian operasional pabrik, serta studi dokumentasi perusahaan. Hasil penelitian menunjukkan bahwa air baku yang berasal dari sumur artesian sedalam ±120 meter menjadi fondasi utama kualitas produk dan diproses melalui Water Treatment Plant (WTP) yang terdiri dari sand filter, carbon filter, softener, reverse osmosis, serta sterilisasi UV dan ozon. Proses mixing menggunakan sistem dosing otomatis untuk memastikan konsentrasi elektrolit tetap stabil. Tahap pasteurisasi <100°C dan filtrasi hingga 0.2 mikron berfungsi menjaga keamanan mikrobiologis larutan. Pembuatan botol dengan sistem preform blowing dan pengisian aseptik dilakukan dalam ruangan bertekanan positif untuk mencegah kontaminasi. Seluruh proses diawasi melalui Quality Control (QC) berlapis yang mencakup uji fisik, kimia, dan mikrobiologi. Kesimpulan penelitian ini menunjukkan bahwa proses manufaktur Pocari Sweat di pabrik Pasuruan telah menerapkan standar industri minuman isotonik berbasis otomatisasi dan higienitas tinggi. Setiap tahapan produksi telah mengikuti standar GMP dan HACCP sehingga kualitas dan keamanan produk dapat terjaga secara konsisten dari setiap batch yang diproduksi.