Article Per Year (5 Year)
p-Index From 2021 - 2026
6.87
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan DeReMa (Development Research of Management) Jurnal Manajemen Binus Business Review JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi) Owner : Riset dan Jurnal Akuntansi Jurnal ULTIMA Accounting EKUITAS (Jurnal Ekonomi dan Keuangan) Journal of Business and Applied Management Jurnal Akuntansi Enrichment : Journal of Management Budapest International Research and Critics Institute-Journal (BIRCI-Journal): Humanities and Social Sciences Journal of Sustainable Community Development (JSCD) The South East Asian Journal of Management Proceeding National Conference Business, Management, and Accounting (NCBMA) Proceeding of International Conference on Entrepreneurship (IConEnt)
Sung Suk Kim
Department Of Management, Business School, Universitas Pelita Harapan Jl. M.H. Thamrin Boulevard 1100, Tangerang, 15811
Religion Arts Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Environmental Science Social Sciences

Published : 61 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 61 Documents
Search

 3   4   5   6   7 
THE IMPACT OF GREENWASHING ON FIRM VALUE DURING THE PERIOD BEFORE AND DURING THE COVID-19 CRISIS IN INDONESIA Freshtriana, Freshtriana; Kim, Sung Suk
Ultimaccounting Jurnal Ilmu Akuntansi Vol 17 No 1 (2025): Ultima Accounting : Jurnal Ilmu Akuntansi 
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31937/akuntansi.v17i1.4127

Abstract

Abstract - This study examines the effect of greenwashing on firm valuation in Indonesia using panel data from 2018 to 2022. The research aims to determine whether greenwashing negatively impacts firm value, particularly during times of crisis. The results indicate a significant negative relationship between greenwashing practices and firm value, especially during crisis periods such as the COVID-19 pandemic. These findings underscore the importance of transparency in sustainability reporting and suggest that investors are becoming more critical of greenwashing claims. This study contributes to the growing body of literature on corporate sustainability and greenwashing, offering valuable insights into how misleading environmental claims can affect firm performance. It also has important implications for policymakers, investors, and companies in encouraging genuine sustainability efforts. Firms are urged to adopt authentic and verifiable sustainability practices, as failure to do so may erode investor trust and firm value. Overall, the study emphasizes the risks associated with deceptive sustainability reporting in a more environmentally conscious market. Keywords: Greenwashing; Firm Value; Crisis; ESG; Statistical Analysis 
PENGARUH LITERASI KEUANGAN, KEYAKINAN PRIBADI, AKSES KEUANGAN DAN VARIABEL KEKAYAAN, SERTA SIFAT-SIFAT SOSIODEMOGRAFI TERHADAP KEPERCAYAAN PADA BANK SENTRAL Jonathan Gunalan; Kim Sung Suk
Proceeding National Conference Business, Management, and Accounting (NCBMA) 8th National Conference Business, Management, and Accounting
Publisher : Faculty of Economics and Business Universitas Pelita Harapan

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

Abstract

Penelitian ini meneliti kepercayaan terhadap bank sentral di negara Indonesia, dengan menggunakan data survei yang dikumpulkan dari total 303 responden. Hasil yang didapatkan oleh penelitian ini adalah masyarakat dengan literasi keuangan lebih tinggi cenderung mempercayai lembaga bank sentral. Ketidakpercayaan pada bank sentral terkait dengan ekspektasi inflasi yang tinggi, serta preferensi untuk menyimpan uang tunai. Selain itu, kepercayaan terhadap bank sentral juga memiliki korelasi positif dengan preferensi untuk menabung dalam mata uang lokal serta tingkat kekayaan atau kecanggihan finansial yang lebih tinggi. Setelah menambahkan kepercayaan terhadap pemerintah sebagai variabel kontrol, peneliti mendapatkan bahwa hasil yang didapatkan tidak jauh berbeda dengan hasil pada model regresi. Penelitian ini juga menyimpulkan bahwa kepercayaan terhadap pemerintah juga memiliki korelasi positif dengan kepercayaan terhadap bank sentral.
The impact of the implementation of economic, social, and good corporate governance (ESG) on the performance of esg-listed companies on the Indonesia stock exchange Waluyo, Herlina; Suk, Kim Sung
Enrichment : Journal of Management Vol. 13 No. 5 (2023): December
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i5.1675

Abstract

The implementation of Economic, Social, and Good Corporate Governance (ESG) is expected to enhance company performance by reducing the risks faced by investors. This study will examine how the implementation of ESG influences company performance, measured using Return on Assets (ROA), with the hypothesis that ESG has a positive impact on company performance. The data used are from secondary sources, with a sample of 84 companies and a total of 298 observations through unbalanced panel data with a fixed-effect model regression. The research results indicate a negative impact of ESG on company performance due to a lack of awareness and education about sustainability practices. To increase awareness of ESG implementation, adequate regulations and law enforcement are needed to enhance the appeal of green projects.
Environmental, Social, and Governance (ESG) Performance on the Market Value of Banks in ASEAN Kurniawan, Kurniawan; Kim, Sung Suk
Enrichment : Journal of Management Vol. 13 No. 5 (2023): December
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i5.1711

Abstract

Several studies have been conducted linking Environmental, Social, and Governance (ESG) to the financial performance of companies. However, there is still a limited amount of research investigating the influence of ESG on the market value of banks listed on the stock exchange in ASEAN countries. Panel regression is employed using historical ESG data and the market value of banks from various stock-exchange-listed banks in six ASEAN member countries (Indonesia, Malaysia, Singapore, Thailand, the Philippines, and Vietnam) during the period 2013-2022. The results of this study are expected to provide a better understanding of the influence of ESG factors, specifically on the market value of banks in the banking industry of the ASEAN region. Additionally, this research can also offer valuable information for stakeholders, regulators, and market participants regarding the importance of considering ESG factors in investment decision-making within the banking sector.
The impact of real earnings management and ESG to stock price crash risk evidence in Indonesia Stock Exchange Rahmawanti, Tamara; Suk, Kim Sung
Enrichment : Journal of Management Vol. 13 No. 5 (2023): December
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i5.1735

Abstract

The “practice of real earnings management (REM) can increases the stock price crash risk cause information spreads rapidly. However there is hope when a company has a good ESG score, the stock price crash risk can reduce. The study will examine stock price crash risk with hypothesis real earnings management has positive relation and ESG has negative relation with stock price crash risk. Utilizing secondary data, the research comprises a sample of 39 companies with 159 observations, using unbalanced panel data with a fixed-effect model regression choosed. This study research found a positive relationship between“REM”and stock price crash risk and negatife relationship between ESG score using dummy year for crisis Covid-19 era and stock price crash risk. During the Covid-19 period, investors demonstrate a more cautious approach to investment selection, displaying a tendency to opt for companies possessing higher ESG scores, aiming to mitigate the peril of declining stock values
The impact geopolitical risk to firm value with political stability as moderation variable : evidence from ASEAN Joseph, Widyatama; Kim, Sung Suk
Enrichment : Journal of Management Vol. 14 No. 3 (2024): August: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v14i3.1945

Abstract

International tensions are a concern for investors and companies because they can affect the results of investments made. This study examines the effect of geopolitical risk on firm value and political stability as a moderation in public companies in Indonesia, Malaysia, the Philippines, Vietnam, Thailand and Singapore. This study was conducted quantitatively on 3,477 companies from the period 2015-2022, unbalanced data with a total data sample of 22,572. The results of this study indicate that GPR is unable to significantly affect company value even though it has a negative coefficient. In addition political stability is also unable to moderate the effect of GPR on firm value
The The influence of esg performance on stock price volatility in Indonesia Sidharta, Kevin; Kim, Sung Suk
Enrichment : Journal of Management Vol. 14 No. 3 (2024): August: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v14i3.1973

Abstract

This study investigates the influence of Environmental, Social, and Governance (ESG) performance on stock price volatility in the Indonesian stock market. The research focuses on four main points. First, the stock market provides potential capital growth through dividends and capital gains, with capital gains offering higher returns but also carrying the risk of losses if stock prices decline. Second, stock price volatility can be high during economic crises, such as the COVID-19 pandemic, which has the potential to trigger significant downturns (market crashes). Third, internal factors of companies such as size, profitability, and strategy influence the stability of stock price volatility, especially during crises. Fourth, ESG disclosure is increasingly important for investors seeking sustainable practices and effective risk management. Companies with high ESG scores tend to send positive signals to investors, reducing uncertainty and increasing confidence. The study's findings suggest that ESG performance has the potential to reduce stock price volatility, especially in non-crisis conditions. This research provides valuable insights for regulators, investors, and companies to understand how ESG affect the dynamics of the Indonesian stock market
THE U-SHAPED EFFECT OF CSR ON FINANCIAL PERFORMANCE OF COMPANIES IN INDONESIA DURING FINANCIAL CRISIS COVID-19 Kasiha, Nathalia Wanda Nova; Kim, Sung Suk
Ultimaccounting Jurnal Ilmu Akuntansi Vol 16 No 2 (2024): Ultima Accounting : Jurnal Ilmu Akuntansi 
Publisher : Universitas Multimedia Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31937/akuntansi.v16i2.4039

Abstract

Abstract - This research studies the nonlinear relationship between Corporate Social Responsibility (CSR) and the financial success of companies listed on Indonesia Stock Exchange. By analyzing 2808 observations from quarterly panel data of 145 companies over the period of 2019 to 2023, the study uses fixed effect regression model with Driscoll-Kraay method to assess how CSR impacts in nonlinearity way on Return on Asset (ROA). The result shows there's a U-shaped relationship between CSR and ROA. At first when CSR goes up, ROA goes down. But after reaching an optimal level, CSR begins to have positive impact on ROA. Factors like company size, age, growth, leverage and liquidity have consistently shown effects on financial performance indicator in this study. When the research then specifically studies on the relationship during financial crisis era (COVID-19), it shows that the nonlinear relationship between CSR and financial performance is not significant. The results provide information for managers and policymakers to take into consideration both short term and long-term impacts on financial performance when creating CSR strategies. Keywords : CSR; Nonlinear; U-shaped; COVID-19; Financial Performance; Return on Asset, ROA
The Impact of Greenwashing Practices on Stock Liquidity and Volatility in Indonesia Melvien Deisie Christin Welang; Juli Hendri; Sung Suk Kim
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 5 (2025): Proceedings of the 5th International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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

Abstract

This study examines the impact of greenwashing on stock liquidity and volatility, using data from companies listed on the Indonesian stock exchange in the period 2018 to 2022. The results show that greenwashing has a positive impact on liquidity. The results show that greenwashing has a positive effect with stock price volatility, which indicates that increased greenwashing leads to higher market uncertainty. Furthermore, greenwashing has a negative effect on liquidity during the Covid-19 pandemic, but the effect of greenwashing on stock volatility is not different during the Covid-19 period.
Board Gender Diversity and IPO Price Formation in Indonesia Vivi Liu; Sung Suk Kim
Proceedings of the International Conference on Entrepreneurship (IConEnt) Vol. 5 (2025): Proceedings of the 5th International Conference on Entrepreneurship (IConEnt)
Publisher : Universitas Pelita Harapan

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

Abstract

This study aims to analyze the effect of gender diversity in boards of commissioners and directors on the level of underpricing on the first trading day following an Initial Public Offering (IPO) in Indonesia. The data used consist of companies that conducted IPOs in Indonesia dure in Indonesia during the period 2021-2024. The results indicate that in the Indonesian market, investors place greater emphasis on firms’ fundamental factors rather than gender-related aspects when making investment decisions at the time of an IPO. Market Capitalization, Return on Assets (ROA), and Share Overhang (SO) are found to be significant variables. This study contributes to the literature on factors influencing stock market performance during IPOs and provides practical implications for firms and regulators in formulating IPO strategies. Future research could be extended by incorporating additional factors such as financial characteristics, macroeconomic conditions, and managerial aspects in shaping investor decision-making.
Co-Authors Agus Diemas Prayoga Andre Suryadinata Anthony Lukmawijaya Bang Jessica Santiyano Budhidharma, Valentino Carissa Carissa Clara Constantine Clara, Nathania Cynthia Wijayanti Darmia, Darmia Derry Irahadi Derry Rijken Irahadi Dewi, Shinta Kurnia Dimu, Darmia Edwin Hendra Edwin Hendra, Edwin Edwin Wijaya Eko Cristian felicia julianti Felicia Julianti Ferdinand, Ferry Vincenttius Freshtriana, Freshtriana Golrida Karyawati Grace Turangan Gracia S Ugut Herlina Lusmeida Irwan Adi Ekaputra Iyvon Herliawan Jasen, Lie Jeanice Jeanice Jonathan Gunalan Joseph, Widyatama Juli Hendri Juliana, Rita Juniarty Kasiha, Nathalia W N Kasiha, Nathalia Wanda Nova Katherine, Hartati Kie Van Ivanky Saputra Kurniawan Kurniawan Liza Handoko, Liza Maria Stevani Sianturi Maria Stevani Sianturi Melvien Deisie Christin Welang Metta Dewi Monica Shendiana Sugianto Muhamad Farhan Muljono, Danella Rachel Nugroho, Vina Parengkuan, Samuel Ray Aditya Purba, Golrida Karyawati R. Rinda Rachmawati Brata Rahmawanti, Tamara Sandra Sandra Sembel, Jacquelinda Sandra Sidharta, Kevin Stanley Mulja Stefanus Hugo Lusida Suryadinata, Andre Sylvia Samuel Tri Mulyana Turangan, Grace Vivi Liu Waluyo, Herlina Wennars, Lesely Willyandi Tairas Wirdy Leonarsan Yoga Rima Hadi