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Analysis of the Influence of ESG Score and Digital Financial Literacy on Company Financial Performance with Corporate Risk-Taking as a Mediating Variable Supri Yanto; Putri Irmala Sari
Records Management System Journal Vol. 3 No. 2 (2025): Digital Governance and Corporate Risk in Achieving Sustainable Development Goal
Publisher : Ebiz Prima Nusa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62201/rmsj.v3i02.203

Abstract

This study investigates the influence of Environmental, Social, and Governance (ESG) Score and Digital banking Literacy on Financial Performance, with Corporate Risk Taking serving as a mediating variable within the Indonesian banking sector. The research methodology employs a quantitative approach, with samples purposively picked from financial sector businesses listed on the IDX between 2020 and 2024. Data analysis included multiple linear regression approaches, and the mediation effect was assessed using the Baron & Kenny method alongside the Sobel test, processed via SPSS 25 software. The study's findings demonstrate that ESG Score and Digital Financial Literacy significantly enhance the company's Financial Performance. Corporate Risk-Taking is demonstrated to somewhat mediate the association between ESG Score and Financial Performance, and totally mediate the association between Digital Financial Literacy and Financial Performance. This discovery underscores the necessity of incorporating sustainability elements and digital financial literacy into corporate strategy to enhance financial performance via effective risk management. This study enhances financial management literature by amalgamating ESG and digital transformation viewpoints within the framework of corporate risk-taking. The study's added value is the utilisation of Corporate Risk-Taking as a mediating mechanism that elucidates the impact of ESG Score and Digital Financial Literacy on the Financial Performance of financial sector organisations in the digital age.
Pengaruh Tingkat Digitalisasi Perbankan dan Implementasi ESG terhadap Nilai Saham Studi Empiris Periode 2022-2024 Putri Irmala Sari; Supri Yanto
eCo-Buss Vol. 7 No. 3 (2025): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v7i3.1992

Abstract

This research investigates the impact of banking digitalization and Environmental, Social, and Governance (ESG) implementation on BUKU IV bank share values in Indonesia. The study employs a quantitative methodology using quarterly panel data from 2022-2024, focusing on BUKU IV banks listed on the Indonesia Stock Exchange, selected through purposive sampling. The research examines two primary independent variables - the Digital Banking Index and ESG Score - along with fundamental factors. Share valuation assessment utilizes both Price-to-Book Value (PBV) and Tobin's Q calculations, with data analysis conducted through multiple linear regression using SPSS version 25. The findings demonstrate that banking sector digitalization and ESG implementation both positively influence share valuations, with the Digital Banking Index showing stronger impact than the ESG Score. This indicates investors place greater emphasis on digital capabilities in their banking valuations. Additionally, fundamental factors maintain their significance in determining share values. These results provide strategic insights for enhancing firm value through digital transformation and strengthened ESG practices. The study contributes to banking valuation methodology by presenting an integrated model that incorporates both digital and sustainability aspects, establishing a framework for evaluating bank performance in the contemporary digital environment.
THE SYNERGISTIC IMPACT OF DYNAMIC CAPABILITIES, EMPLOYEE SUSTAINABILITY PRACTICES, AND GREEN INNOVATION ON HUMAN CAPITAL RESILIENCE Arif Sugiono; Ahmad Rifa'i; Supri Yanto
Proceedings International Indonesia Conference on Interdisciplinary Studies Vol. 1 (2025): Proceedings of The International Indonesia Conference on Interdisciplinary Studies (I
Publisher : Faculty of Social and Political Sciences, Universitas Lampung

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

Abstract

This study investigates the synergistic relationships between dynamic capabilities, employee sustainability practices, and green innovation in strengthening human capital resilience within Indonesia's emerging technology sector. A quantitative research design was employed, utilizing data from 42 technology companies listed on the Indonesia Stock Exchange. Primary data were collected through validated Likert-scale questionnaires measuring employee sustainability practices, while secondary data were obtained from the Central Statistics Agency, annual company reports, and the Global Innovation Index. Structural Equation Modeling using EViews software was applied to examine causal relationships and mediation effects. Results demonstrate that dynamic capabilities significantly influence human capital enhancement (β=0.32, p<0.01). Employee sustainability practices strengthen the relationship between green innovation and employee retention (R²=0.68). Green innovation serves as a partial mediator (VAF=45%) between sustainability practices and productivity. The study is limited to publicly listed companies, requiring future expansion to early-stage startups and longitudinal data collection for long-term effect analysis. This research represents the first empirical quantification of the synergistic impact of these three variables on human capital in Indonesia's technology sector, contributing novel insights to Resource-Based View theory and stakeholder theory within sustainability contexts.