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ESG Implementation in the International Financial System: A Literature Review of Challenges, Opportunities, and Global Standards Ariq Farhan Widiyanto; Dharma Adita; Liya Megawati
Journal Informatic, Education and Management (JIEM) Vol 8 No 1 (2026): FEBRUARY (CALL FOR PAPERS)
Publisher : STMIK Indonesia Banda Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61992/jiem.v8i1.215

Abstract

This study examines the implementation of Environmental, Social, and Governance (ESG) principles in the international financial system as part of the global transformation toward sustainable economics. ESG serves as a strategic framework integrating environmental, social, and corporate governance dimensions into investment and financing decision-making across nations. The study employs a literature review method with a qualitative descriptive-conceptual approach, aiming to identify challenges, opportunities, and directions for harmonizing global ESG standards. Findings indicate that ESG implementation at the international level still faces several challenges, including inconsistent reporting standards, limited non-financial data, and low institutional readiness in developing countries. Nevertheless, opportunities for harmonization are growing through the establishment of the International Sustainability Standards Board (ISSB) and the implementation of Indonesia’s Sustainable Finance Roadmap Phase II (2021–2025) by the Financial Services Authority (OJK). ESG has been shown to positively influence corporate reputation, financial performance, and long-term financial stability. Therefore, effective ESG implementation requires synergy among governments, international institutions, and the private sector to realize a transparent, inclusive, and sustainable global financial system.
Stock Valuation Using the PER (Price to Earnings Ratio) and the PBV (Price to Book Value) Methods Fitrah Diraya Sutardi; Kekey M. Deva; Dharma Adita; Ruth S. H. Siahaan; Gusganda Suria Manda
Jurnal Ilmiah Wahana Pendidikan Vol 12 No 5.D (2026): Jurnal Ilmiah Wahana Pendidikan
Publisher : Peneliti.net

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

Abstract

Entering the fourth quarter of 2025, investments in bonds and deposits are considered less satisfactory by investors due to low returns resulting from interest rate cuts by Bank Indonesia. Consequently, alternative investments such as stocks are once again being explored by investors and are deemed capable of providing higher returns. Investors looking to invest in stocks must conduct a valuation to determine the position and value of the company's shares they intend to purchase. The purpose of this study is to determine whether POWR stock is overvalued, fairly valued, or undervalued by using the Price to Earnings Ratio (PER) and Price to Book Value (PBV) valuation methods. Furthermore, this study is expected to provide information that will assist stock investors in making their investment decisions. The analysis results in this study indicate that stock valuation using the PER method fluctuates and is in an overvalued position. The POWR stock position calculated using the PBV method shows an average valuation of 1.44 times and is also in an overvalued position. Stock investors should consider selling POWR stock based on the PER and PBV stock valuation methods.