Majapahit Journal of Islamic Finance dan Management
Vol. 6 No. 1 (2026): Islamic Finance and Management

Regression Model of Stakeholder Implementation on CSR Performance: A Quantitative Approach to State-Owned Enterprises in the Digital Era 2025

Aisyah Amini Hasibuan (Universitas Muhammadiyah Surakarta, Surakarta, Indonesia)
Mahameru Rosy Rochmatullah (Universitas Muhammadiyah Surakarta, Surakarta, Indonesia)



Article Info

Publish Date
18 Feb 2026

Abstract

The manner in which SOEs carry out CSR has undergone a significant transformation thanks to digitalization. The goal of this research is to examine how stakeholder implementation affects CSR performance in state-owned enterprises in the digital age of 2025. For the years 2021–2025, 25 Scopus Q1-Q3 indexed publications were systematically reviewed using the PRISMA 2020 methodology. The study found that stakeholder implementation improves CSR performance, with primary stakeholders' orientation having a greater impact than secondary stakeholders'. Through greater transparency and dynamic skills, digital transformation plays a complicated moderating role that improves relationships. There were notable variations between sectors, with consumer market businesses enjoying greater long-term benefits. In conclusion, in order to maximize sustainable CSR performance, SOEs must prioritize digital transformation and sector-specific methodologies in the development of an integrated stakeholder implementation strategy.

Copyrights © 2026






Journal Info

Abbrev

majapahit

Publisher

Subject

Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Majapahit Journal of Islamic Finance and Management (MJIFM) (E-ISSN 2798-0170) is a journal published by Universitas KH. Abdul Chalim Mojokerto Indonesia four times a year (March, June, September and December). As the name implies, the journal brings two major themes, namely Islamic Finance and ...