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All Journal Ascendia: Journal of Economic and Business Advancement Edukara: Jurnal Pendidikan, Sejarah, dan Budaya
Marisa Meilano Rizki
Universitas Islam Syekh Yusuf
Humanities Economics, Econometrics & Finance Education Social Sciences

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Corporate Ethics and Sustainable Governance in ASEAN: The Role of ESG Practices in Enhancing Long-Term Competitiveness Virginia Grace Yvonne Waruwu; Marisa Meilano Rizki
Journal of Economic and Business Advancement Vol. 1 No. 1 (2025): September: Ascendia: Journal of Economic and Business Advancement
Publisher : CV SCRIPTA INTELEKTUAL MANDIRI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65310/jg782s91

Abstract

This study examines the critical relationship between corporate ethics, Environmental, Social, and Governance (ESG) practices, and sustainable competitiveness among ASEAN corporations. As regional economies transition toward responsible capitalism, ethical governance has emerged as a strategic determinant of long-term value creation. Using a qualitative-comparative approach supported by secondary data, the research analyzes regulatory developments, ESG disclosure performance, and governance maturity across six ASEAN countries. The findings reveal that firms with strong ethical foundations and integrated ESG frameworks achieve higher investor confidence, enhanced transparency, and superior market resilience. Singapore and Malaysia lead in governance and ESG adoption, while emerging markets like Indonesia, Vietnam, and the Philippines demonstrate rapid institutional progress. The study highlights that ethical consistency and ESG integration function as dual catalysts for reducing operational risks, improving innovation capacity, and fostering social legitimacy. ASEAN’s movement toward harmonized sustainability governance signifies a structural realignment of corporate identity, positioning ethics and ESG as central pillars of sustainable regional competitiveness
Eksistensi Nilai-Nilai Kearifan Lokal dalam Menghadapi Globalisasi: Kajian Sosio-Kultural Berbasis Studi Literatur Marisa Meilano Rizki; Sandi H. Pasaribu
Jurnal Pendidikan, Sejarah, dan Budaya Vol 1 No 1 (2026): April: Edukara: Jurnal Pendidikan, Sejarah, dan Budaya
Publisher : CV Cendekia Paramartha

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Abstract

This study aims to analyze the existence of local wisdom values in responding to globalization through a socio-cultural perspective based on a systematic literature review. The data were collected from reputable academic publications published between 2015 and 2026, selected based on relevance and methodological rigor. The analysis employed a thematic-critical approach to identify patterns of transformation, integration, and resistance of local wisdom across social and educational contexts. The findings indicate that local wisdom does not undergo absolute marginalization but instead transforms through contextual adaptation, integration into educational systems, and rearticulation within social practices. Globalization presents challenges such as cultural homogenization and commodification, while simultaneously offering opportunities for revitalizing local identity through innovation and community-based strategies. These findings highlight the strategic role of local wisdom as a source of values and knowledge in strengthening cultural resilience and collective identity in the global era.
Co-Authors Sandi H. Pasaribu Virginia Grace Yvonne Waruwu