Claim Missing Document
Check
Articles

Found 13 Documents
Search

STRENGTHENING THE IMPACT OF ESG ON FIRM VALUE THROUGH CORPORATE GOVERNANCE: EMPIRICAL EVIDENCE FROM INDONESIA Utami, Khalida; Indriati, Petiana; Bahri, Syamsul; Santio, Cantika Putri Permatasari
INQUISITIVE : International Journal of Economic Vol. 6 No. 1 (2025): December
Publisher : Fakultas Ekonomi dan Bisnis Universitas Pancasila

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35814/2cpf1y18

Abstract

This study aims to examine the effect of Environmental, Social, and Governance (ESG) disclosure on firm value, with corporate governance (CG) serving as a moderating variable, using data from companies listed on the Indonesia Stock Exchange. The research is motivated by the increasing emphasis on sustainability and governance practices as key drivers of long-term corporate value. Data were obtained from annual and sustainability reports over the observation period and analyzed using panel regression with a fixed-effect model. ESG disclosure was measured based on the extent of reporting across environmental, social, and governance dimensions, while CG was assessed through a composite index comprising the proportion of independent commissioners, audit committee existence, institutional ownership, and board size. The findings reveal that ESG disclosure has a negative and significant effect on firm value, proxied by Tobin’s Q, suggesting that the Indonesian capital market has not yet fully recognized ESG practices as value-enhancing factors. However, the interaction term between ESG and corporate governance (ESG×CG) exhibits a positive and significant coefficient, indicating that effective governance strengthens the impact of ESG on firm value. Additional analysis using an alternative measure of firm value (Price to Book Value or PBV) and robustness checks confirms the consistency of these results. Overall, the findings emphasize that ESG practices generate economic value only when reinforced by credible and well-functioning corporate governance mechanisms.
MENDORONG KEWIRAUSAHAAN GEN Z DENGAN MENGOPTIMALKAN SOSIAL MEDIA Subhan, M. Nuruddin; Andhyka, Bintang; Indriati, Petiana; Nugroho, Adi; Widyaningsih, Murti; Yustisiana, Riska; Herniansyah, Kurnia; Andres, Shan Nemuel; Ephraim, Nathanel; Nisa, Chaerani
Jurnal Pengabdian Pendidikan Masyarakat (JPPM) Vol 5 No 1 (2024): Jurnal Pengabdian Pendidikan Masyarakat (JPPM) Vol 5 No 1 (2024)
Publisher : LPPM UNIVERSITAS MUHAMMADIYAH MUARA BUNGO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52060/jppm.v5i1.1865

Abstract

Cultivating an entrepreneurial mindset from a young age might inspire youths to pursue entrepreneurship. Introducing the entrepreneurial spirit is crucial for high school students. You are expected to have a business plan ready to be implemented when you become an undergraduate student. Faculty of Economics and Business at Pancasila University (FEB UP) mandates its academics to engage in community service as part of their responsibilities. One type of service involves fostering an entrepreneurial mindset through social interaction. FEB UP lecturers conduct entrepreneurship outreach lectures to help high school students understand entrepreneurship. The seminar activities indicate a strong interest in the entrepreneurial profession.
The Mechanism of Word of Mouth in the Transformation of Strategic Capabilities Into Competitive Advantages of Excellent Private Universities the Role of Word of Mouth as a Conversion Mechanism in the Digital Age (Parsimonious Model) Indriati, Petiana; Widyastuti, Sri; Zulkifli, Zulkifli
Eduvest - Journal of Universal Studies Vol. 6 No. 2 (2026): Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v6i2.52936

Abstract

The changing competitive landscape of private higher education institutions (PTS) indicates that institutional excellence is no longer solely determined by internal performance, but rather by how that performance translates into credible public perception. This study aims to examine the role of Word of Mouth (WoM) as a conversion mechanism that transforms strategic capabilities—student experience (X1), digital strategy (X2), and industry partnerships (X3)—into competitive advantage (Y1) at Unggul-accredited PTS in the Greater Jakarta area. The research approach employs an explanatory quantitative method with Structural Equation Modeling analysis based on Partial Least Squares (SEM-PLS). Data were obtained from 252 respondents consisting of active students and alumni. The results show that student experience and digital strategy have no direct effect on competitive advantage, while industry partnerships have a significant positive effect. However, all strategic capabilities are proven to have a significant effect on Word of Mouth, and Word of Mouth has a strong effect on competitive advantage. Mediation tests confirm that WoM functions as the main transmission mechanism, with a full mediation pattern for student experience and digital strategy, and partial mediation for industry partnerships. This finding confirms that strengthening internal capabilities needs to be accompanied by a social-digital advocacy activation strategy to produce a competitive advantage that is recognized by the public.