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Theoretical Foundations of Corporate Governance and Board of Directors: A Systematic Literature Review Maqdisa Putri Rafie; Irananda Sihombing; Fahmi Natigor Nasution; Iskandar Muda
Indonesia Economic Journal Vol. 1 No. 2 (2025): DESEMBER
Publisher : Indo Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63822/4e5vvs83

Abstract

This study conducts a Systematic Literature Review (SLR) of corporate governance and board of directors research published between 2020-2025. Using data from leading academic databases including Scopus, Web of Science, and ScienceDirect, this research analyzes 20 peer-reviewed journal articles to identify the dominant theoretical framework, its conceptual and empirical relationship with governance mechanisms, and the challenges and benefits of its application. The analysis reveals that Agency Theory is the most frequently used theoretical framework (appearing 10 times), followed by Stakeholder Theory (8 times) and Resource Dependence Theory (4 times). Agency Theory conceptually links board characteristics such as independence, audit committees, and oversight structures to objectives of reducing information asymmetry and aligning managerial interests with shareholders. Empirical evidence shows that board independence and well-structured audit committees correlate positively with financial reporting quality and firm performance, although effectiveness is influenced by ownership structures, state control, and institutional contexts. The application of Agency Theory provides significant benefits in strengthening oversight and accountability, but faces practical challenges related to genuine board independence, resource constraints, and institutional barriers particularly in emerging markets. This study concludes that while Agency Theory provides a strong conceptual foundation, its practical success depends heavily on institutional quality, board capability, and the broader governance ecosystem.
Pengaruh Kemampuan Pekerja Pemanen dan Lingkungan Kerja terhadap Output Pemanenan Tandan Buah Segar: (Studi Kasus pada Kebun Sei Merah di PT PP London Sumatra Indonesia Tbk.) Retno Wardatus Sahara; Fahmi Natigor Nasution; Nismah Panjaitan
Bhinneka: Jurnal Bintang Pendidikan dan Bahasa Vol. 4 No. 1 (2026): Bhinneka
Publisher : Universitas Palan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59024/bhinneka.v4i1.1833

Abstract

This study aims to analyze the effect of harvest workers’ competence and the work environment on the output of Fresh Fruit Bunches (FFB) harvesting at Sei Merah Estate, PT P.P. London Sumatra Indonesia Tbk. The fluctuating productivity of harvest workers indicates the need to evaluate the factors influencing harvesting performance. Workers’ competence was measured through soft skills, general competencies, and specific competencies (hard skills), while the work environment encompassed both physical and non-physical conditions that support harvesting activities. This research employed a quantitative approach involving 60 harvest workers selected using a saturated sampling technique. Data were collected through questionnaires, observations, interviews, and documentation, and were subsequently analyzed using multiple linear regression. The results revealed that harvest workers’ competence had a positive and significant effect on FFB harvesting output, with a significance value of 0.007. The work environment also demonstrated a positive and significant effect on FFB harvesting output, with a significance value of 0.012. Simultaneously, both variables significantly affected FFB harvesting output, as indicated by an F-statistic of 40.994 and a significance value of 0.000. The coefficient of determination (R²) value of 0.590 indicates that harvest workers’ competence and the work environment collectively explain 59% of the variation in FFB harvesting output. These findings highlight the importance of enhancing harvest workers’ competencies and improving working conditions to support optimal harvesting productivity.
A Comprehensive Analysis of Global Digital Payment Systems: A Systematic Literature Review (2019–2025) Yuli Anra Damanik; Sambas Ade Kesuma; Fahmi Natigor Nasution; Keulana Erwin
International Journal of Economics and Management Research Vol. 5 No. 1 (2026): April: International Journal of Economics and Management Research
Publisher : International Forum of Researchers and Lecturers

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/ijemr.v5i1.679

Abstract

The development of information and communication technology (ICT) has significantly influenced the global financial sector. One of the most important innovations is the digital payment system, which has transformed the way people perform financial transactions—making them faster, safer, and more efficient. This study aims to identify the trends, theories, methods, and research gaps related to digital payment systems through the Systematic Literature Review (SLR) approach.Data were collected from ten international scientific articles indexed in Scopus and ScienceDirect between 2015–2025. The findings reveal that the Technology Acceptance Model (TAM) and Unified Theory of Acceptance and Use of Technology (UTAUT) are the most dominant theories explaining user adoption behavior. The main influencing factors include trust, security, ease of use, and perceived risk.This study highlights a paradigm shift from technical aspects toward behavioral and regulatory perspectives. Future research should focus on cross-platform integration, blockchain-based security, and the development of digital financial literacy policies.