Sung Suk, Kim
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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.