Nugroho Noto Diharjo
UIN Kiai Ageng Muhammad Besari Ponorogo

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

ESG Integration in Sustainability Management : Driving Corporate Value in The Green Era Adrian Eka Darma Serang; Hidayani Hidayani; Nugroho Noto Diharjo
Oikonomia : Journal of Management Economics and Accounting Vol. 3 No. 1 (2025): Oikonomia-December
Publisher : PT. Hafasy Dwi Nawasena

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61942/oikonomia.v3i1.504

Abstract

The global shift from shareholder-oriented governance toward stakeholder capitalism has positioned Environmental, Social, and Governance (ESG) integration as a strategic instrument for corporate value creation. However, empirical findings on the ESG–corporate value relationship remain inconsistent, particularly regarding the internal mechanisms linking ESG to economic performance. This study aims to examine the effect of ESG Integration on Sustainability Management and Corporate Value, as well as the mediating role of Sustainability Management. Using a quantitative explanatory approach with Structural Equation Modeling–Partial Least Squares (SEM–PLS), data were collected from 180 companies implementing ESG practices. The results reveal that ESG Integration has a positive and significant effect on Sustainability Management and Corporate Value. Furthermore, Sustainability Management significantly influences Corporate Value and mediates the relationship between ESG Integration and Corporate Value. These findings confirm that ESG functions not merely as a legitimacy tool but as a value driver when structurally embedded within sustainability management systems.
Reconstruction of a Digital Economy Model Based on Islamic Justice Values in Addressing Global Financial Technology Disruption Dewi Suryaningsih Saputri; Ernawati; Nugroho Noto Diharjo
Khazanah: Journal of Islamic Education and Science Vol. 1 No. 1 (2025): Khazanah: Journal of Islamic Education and Science
Publisher : Institut Bahri Asyiq Galis Bangkalan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61815/khazanah.v1i1.866

Abstract

Global financial technology disruption has restructured the architecture of the digital economy through platformization, algorithmic governance, and financial decentralization, thereby reshaping value distribution and the concentration of economic power. These transformations have generated critical challenges to distributive justice from the perspective of Islamic economics. This study aimed to reconstruct a digital economic model grounded in Islamic justice values in response to global financial technology disruption. The research employed a qualitative descriptive approach using a systematic literature review of scholarly publications from 2017 to 2024 indexed in national and international academic databases. Data were analyzed through content and thematic analysis to synthesize conceptual and empirical findings. The results indicated that most existing Islamic digital economic models remained adaptive to the architecture of digital capitalism and had not systematically integrated maqasid al-shariah principles into governance design and value distribution mechanisms. This study proposed a reconstruction model based on ontological, epistemological, institutional, and regulatory dimensions that positioned justice as the foundational architecture of the digital economy. The study contributed an integrative conceptual framework that advanced contemporary Islamic economic discourse within the context of global digital transformation.