Article Per Year (5 Year)
p-Index From 2021 - 2026
0.61
P-Index
This Author published in this journals
All Journal Enrichment : Journal of Management Al-Iqtishad: Jurnal Ekonomi Syariah
Sung Suk, Kim
Unknown Affiliation
Economics, Econometrics & Finance

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Impact of geopolitical risk on working capital management in companies listed on the Indonesia Stock Exchange (IDX) Handry, Handry; Sung Suk, Kim
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.v13i5.1753

Abstract

This research aims to test whether geopolitical risk affects the working capital of company management in Indonesia. By using panel data analysis, a total of 585 companies listed on the Indonesia Stock Exchange (BEI) were used as research objects. 4,044 data points were observed during the period 2013–2022 to analyze the influence of GPR (geological risk) on working capital management from three account approaches. Accounts Receivable, Accounts Payable, and Net Working Capital results show that when geopolitical tensions increase, this has a significant effect on the company's net working capital but does not have a significant impact on Accounts Receivable and Accounts Payable. Further studies are still needed to determine the extent to which geopolitical risks have an impact on company performance, especially working capital management. It is hoped that this research will be useful for policymakers to anticipate appropriate regulations in the future to help entrepreneurs and the country's economic growth. For practitioners, namely companies, business owners, and entrepreneurs, this research is expected to provide important information regarding the impact of geopolitical risk on companies, especially working capital management
The impact of Economic, Social, and Good Corporate Governance (ESG) on Growth Opportunities (GO) in ESG companies listed on the Indonesia Stock Exchange: english Rachmad, Jenneta Virenna; Sung Suk, Kim
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.v13i5.1798

Abstract

The impact of Economic, Social, and Governance (ESG) practices on companies listed on the Indonesia Stock Exchange. ESG influences strategic execution and long-term value creation. Growing societal awareness urges businesses to prioritize not only profits but also social and environmental implications. Government mandates, notably Indonesia's Financial Services Authority (OJK), stress ESG disclosure's importance. The research delves into the intricate relationship between ESG and Growth Opportunities (GO), emphasizing alignment with good governance standards, positive effects on reputation, and GO as a metric for future returns. This study underscores stakeholder engagement, community legitimacy through ESG disclosure, and the interplay between ESG and GO in sustainable value creation for investors, policymakers, and businesses amid Indonesian market challenges.
MACRO HERD BEHAVIOUR AND THE SIZE EFFECT: A COMPARATIVE ANALYSIS BETWEEN SHARIA (ISSI) AND NON-SHARIA STOCKS IN INDONESIA Avellino, Laurensius; Vivi Liu; Sung Suk, Kim
Al-Iqtishad: Jurnal Ekonomi Syariah Vol. 7 No. 01 (2025): Juli-Desember 2025
Publisher : Program Studi Ekonomi Syariah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53649/al-iqtishad.v7i01.1308

Abstract

This study aims to identify and analyze the patterns of macro herding behavior in the Indonesian Stock Market (IHSG) and to compare the intensity of general herding and the influence of Market Capitalization (Size Effect) between the Sharia Stock Index (ISSI) and Non-ISSI sub-samples. Utilizing weekly stock price data from all IDX-listed companies for the 2011–2024 period, the study applies the more robust Tessler and Venezia Herding Model (2022). Comparative analysis is performed on the Total IHSG, ISSI, and Non-ISSI segments. It is found that macro herding is detected in the IHSG, predominantly during extreme market conditions. The intensity of general herding is found to differ significantly between the ISSI and Non-ISSI groups, and the influence of Market Capitalization on herding also exhibits distinct patterns across the two sub-samples.The originality lies in the application of the robust Tessler and Venezia Model (2022) in the Indonesian Market and the comparative analysis of herding and Size Effect in the dualistic ISSI/Non-ISSI market. The findings confirm that Sharia compliance and firm size are important determinants moderating collective investor behavior, providing strong practical implications for regulators (OJK) and market participants.
Co-Authors Avellino, Laurensius Handry, Handry Rachmad, Jenneta Virenna Vivi Liu