Article Per Year (5 Year)
p-Index From 2021 - 2026
4.284
P-Index
This Author published in this journals
All Journal ETIKONOMI Jurnal Ilmu Manajemen (JIM) International Journal of Community Service Learning Journal of Innovation in Business and Economics Iqtishoduna: Jurnal Ekonomi Islam Education and Human Development Journal Dialektika: Jurnal Ekonomi dan Ilmu Sosial Business Management Journal Program Studi Manajemen Studi Kasus Inovasi Ekonomi Jurnal Inovasi Ekonomi Jurnal Manajemen Bisnis Indonesian Journal of Cultural and Community Development Jurnal Pengabdian kepada Masyarakat Jurnal Manajemen Bisnis dan Kewirausahaan Journal of Economic and Social Empowerment Journal of Multiperspectives on Accounting Literature
Fika Fitriasari
Universitas Muhammadiyah Malang
Agriculture, Biological Sciences & Forestry Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Public Health Social Sciences Other

Published : 31 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search
Journal : ETIKONOMI

 1 
Corruption as a Key Transmission Channel Linking Governance and Investor Protection in ASEAN Muhammad Firmansyah; Yuli, Sri Budi Cantika; Fitriasari, Fika; Arifin, Zainal; Flejterski, Stanislaw
ETIKONOMI Vol. 25 No. 1 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v25i1.50211

Abstract

Research Originality: The Originality lies in integrating governance quality and macroeconomic variables within a unified framework while explicitly modeling corruption as a mediating variable, a focus that remains underexplored in prior studies. Research Objectives: This study examines the role of corruption as a transmission mechanism linking governance and macroeconomic factors to investor protection in ASEAN countries. Research Method: Using panel data from six ASEAN countries over the period 2010–2023, this study applies panel-data-based path analysis with bootstrapping to estimate both direct and indirect effects. Robustness checks are conducted using fixed-effects, random-effects, and System GMM estimators to ensure the consistency of the results. Empirical Results: The findings show that governance significantly enhances investor protection, while portfolio investment and interest rates exhibit varying effects depending on institutional conditions. Importantly, corruption is found to play a significant mediating role, indicating that improvements in governance and macroeconomic performance do not automatically strengthen investor protection without effective corruption control. Implications: This study suggests that policymakers should integrate governance reforms with anti-corruption strategies to improve investor protection. Strengthening institutional quality, transparency, and regulatory enforcement is essential to create a more secure and sustainable investment environment in ASEAN economies.  JEL Classification: D73, G38, F21, E44
Co-Authors Aan Fardani Ubaidillah Agustin, Nur Fadhila Amanda Aniek Rumijati Annisa Nurul Lita Bambang Widagdo Chalimatuz Sa'diyah Dewi Nurjannah Erna Retna Rahadjeng Fitri Rusdianasari Flejterski, Stanislaw Gandy Ardiansa Harisandi, Humam Fadhil Hendrasari, Widya Kurnia Iqbal Ramadhani Fuadiputra Ivansyah, Dimas Fernanda Juliati, Ratih Kardina Yudha Parwati Luqman Dzul Hilmi Marsudi Mochamad Rofik Muhammad Faris, Muhammad Muhammad Firmansyah Mursidi Mursidi Novi Puji Lestari Nurjannah, Dewi Nurul Asfiah Nuryanti Nuryanti Putri, Galih Widya Ratya Shafira Arifiani Rohmat Dwi Jatmiko Sakdiyyah, Dewi Ayu Sa’diyah, Chalimatuz Setyo Wahyu Sulistyono Siti Nurhasanah Sri Budi Cantika Yuli Titiek Ambarwati Warsono Warsono Warsono Warsono Widya Kurnia Hendrasari Wiyono Wiyono Zainal Arifin