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All Journal Journal of Creative Student Research Journal of Islamic Economics and Finance
Muhammad Al-Aziz Fitra Bunaya
Universitas Muhammadiyah Bengkulu
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Social Sciences Transportation Other

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PENGARUH INFORMASI ASIMETRIS TERHADAP PERILAKU INVESTASI DI BURSA EFEK INDONESIA Muhammad Al-Aziz Fitra Bunaya; Jeni Wandira Manulang; Dzakira Isratun Nisa; Yusmaniarti Yusmaniarti
Journal of Islamic Economics and Finance Vol. 2 No. 3 (2026): Februari
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/joieaf.v2i3.3321

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh informasi asimetris terhadap perilaku investasi di Bursa Efek Indonesia (BEI) melalui pendekatan Systematic Literature Review (SLR). Kajian ini dilandaskan pada Agency Theory dan Signaling Theory untuk menjelaskan bagaimana ketidakseimbangan informasi antara manajemen dan investor memengaruhi persepsi risiko, keputusan investasi, serta dinamika pasar. Proses SLR dilakukan melalui tahapan perencanaan, identifikasi, seleksi, analisis, dan sintesis terhadap artikel ilmiah periode 2020–2025. Dari 15.300 artikel awal, diperoleh 20 artikel terpilih yang dianalisis menggunakan pendekatan SPIDER (Sample, Phenomenon of Interest, Design, Evaluation, Research Type). Hasil penelitian menunjukkan bahwa informasi asimetris berpengaruh signifikan terhadap perilaku investor, baik secara langsung maupun tidak langsung melalui peningkatan risiko informasi, perilaku oportunistik manajer (manajemen laba), kenaikan biaya modal ekuitas, penurunan nilai perusahaan, serta munculnya perilaku kawanan (herding), terutama pada kondisi pasar bearish. Tingginya asimetri informasi mendorong investor bersikap defensif, meningkatkan premi risiko, memperlebar bid-ask spread, dan menurunkan efisiensi harga saham. Namun, pada sektor atau kondisi dengan transparansi dan tata kelola yang kuat, pengaruh tersebut cenderung melemah. Simpulan,  bahwa peningkatan kualitas pengungkapan, transparansi, penerapan integrated reporting, serta penguatan tata kelola perusahaan menjadi strategi kunci dalam mereduksi dampak negatif informasi asimetris dan mendukung terciptanya pasar modal Indonesia yang lebih efisien dan stabil.  
Systematic Literature Review: Financial Performance: The Effect of Green Accounting on Firm Value Bayu Erlangga; Muhammad Al-Aziz Fitra Bunaya; Fika Astrianti; Rina Yuniarti
Journal of Creative Student Research Vol. 3 No. 6 (2025): Journal of Creative Student Research
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jcsr-politama.v3i6.5783

Abstract

This research is motivated by the increasing demands for sustainability and environmental transparency, which encourage companies to integrate Green Accounting into their business strategies to increase corporate value. The objective of this research is to synthesize empirical findings related to the influence of Green Accounting on corporate value, considering the roles of financial performance, operational efficiency, public legitimacy, and technological adaptation. The method used is a systematic literature review of various relevant empirical studies from various industrial sectors in Indonesia. The results of the study indicate that Green Accounting generally has a positive effect on corporate value through increased efficiency, profitability, and strengthening investor confidence, although the impact is contextual and influenced by the characteristics of the industrial sector. Financial performance has been shown to act as a mediator that strengthens or weakens this relationship. The implications of this research emphasize that Green Accounting is not merely an environmental obligation, but rather a strategic instrument for creating sustainable corporate value amidst global economic uncertainty.
Co-Authors Bayu Erlangga Dzakira Isratun Nisa Fika Astrianti Jeni Wandira Manulang Rina Yuniarti