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Journal of Governance Risk Management Compliance and Sustainability
Published by Research Synergy Foundation
ISSN : 27768848     EISSN : 27769658     DOI : https://doi.org/10.31098/jgrcs.v2i2
Core Subject : Education, Social,
Environmental Science Social Sciences Other
The focus and scope of JRGCS are but not limited to Principles and theory of risk assessment and management, Risk assessment policy, standards and regulations, Risk-based decision making and risk management, decision making and decision support systems for risk and disaster management on regional and global scales, Risk perception and communications, Risk assessment and control, Risk characterisation, Dynamic risk assessment, Integration of risk models and quantifications, Advanced concepts and information technologies in risk assessment and management, Integrated, risk assessment and safety management, Integrated risk assessment in developing and rapidly developing countries, Socio-economic, scientific and integrated approaches to sustainable development which consist of covering some issues/topic on: Development and realization of national policies and international treaties for sustainable development, Implementation and monitoring of policies for sustainable development, Changing consumption and production patterns, Developments in cultural diversity, tradition, social systems, globalization, immigration and settlement, and their impact on cultural or social sustainability, Ethical and philosophical aspects of sustainable development Education and awareness of sustainability, Impact of safety, security and disaster management on sustainability, Health-related aspects of sustainability, System analysis methods, including life cycle assessment and management, Sustainable Chemistry, Sustainable utilization of resources such as land, water, atmosphere and other biological resources, New and renewable sources of energy, Sustainable energy preservation and regeneration methods, Quasi-environmental sustainability – short term measures and their long term effects, Effects of global climate change on development and sustainability.
Arjuna Subject : Ilmu Sosial - Ilmu Sosial (Lain-Lain)
Articles 72 Documents
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Sustainable Fashion: Second-hand Fashion Trends and Its Impact on Local Fashion Brands in Indonesia Ardiany, Meiko Fairuzia; Rahmah, Mas
Journal of Governance Risk Management Compliance and Sustainability Vol. 5 No. 2 (2025): October Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v5i2.3499

Abstract

This study analyzes the impact of the second-hand fashion trend on the sustainability of local fashion in Indonesia from environmental, economic, and regulatory perspectives. The research employs a qualitative approach using narrative analysis based on secondary data. The results indicate that although this trend increases awareness of sustainability and supports the development of circular economy, it also raises concerns regarding the local textile industry due to the widespread illegal import of used clothing. Regulations and existing laws have not been fully effective in curbing the influx of imported used clothing, which is influenced by low public awareness and limited supervision by legal authorities and relevant stakeholders. The study emphasizes the need for synergy among the government, industry, and society in managing the second-hand fashion trend to support economic and environmental sustainability in Indonesia.
Encouraging Environmental Stewardship Among Business Students: A Design Thinking Exploration Noeringtyas, Billy Purwocaroko; Kurniasih, Mima
Journal of Governance Risk Management Compliance and Sustainability Vol. 5 No. 2 (2025): October Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v5i2.3648

Abstract

This study addresses a critical gap in business education where traditional methods often fail to translate theoretical knowledge of sustainability into a deep, action-oriented commitment to environmental stewardship. The WEF Report on Jobs of the Future 2025 highlights the urgent need for a workforce equipped with green skills, yet business students frequently lack the practical tools to integrate environmental responsibility into their professional lives. This paper explores the Design Thinking framework as an innovative pedagogical tool to bridge this divide. Employing a qualitative action research design, we engaged a cohort of business students in a hands-on Design Thinking intervention. Data collected through observations, participant feedback, and prototype ideas generated by participants. The findings demonstrate that Design Thinking(DT) is a highly effective methodology for cultivating a tangible sense of stewardship and developing the critical skills demanded by the future economy. This empathy-driven process leads to changes in students' perceptions and attitudes, directly fostering the core competencies needed for green skills. The structured process empowered students to move from passive learning to proactive problem-solving, resulting in the development of creative and actionable prototypes for real-world environmental challenges. This research offers a practical model for business schools seeking to integrate sustainability more meaningfully into their curricula. While the study's scope is limited to a single group, it provides a strong foundation for future research into experiential learning methods that cultivate responsible business leaders.
Analysis of Factors Affecting Net Interest Margin in Foreign Banking Companies' Operations in Indonesia Sukardi , Yoki Oktorian; Sofiati, Evi; Nurjamilah, Nurjamilah
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3164

Abstract

This research aims to empirically examine the factors influencing Net Interest Margin (NIM) in foreign banking companies operating in Indonesia. The study is grounded in the banking intermediation theory, which explains how banks manage financial resources to optimize profitability, and the risk-return tradeoff theory, which highlights the balance between risk factors and financial performance. Factors affecting NIM include the Loan to Deposit Ratio (LDR), efficiency ratio calculated by the ratio of operational expenses to operational income (BOPO), credit risk proxied by the Non-Performing Loan (NPL) ratio, and Market Share (MS). The research period covers the year 2019.A purposive sampling method was used, selecting 25 foreign banking companies that met specific criteria. Hypothesis testing was conducted using multiple linear regression analysis with EViews 10. Based on the results of panel data analysis, the t-test shows that the Market Share (MS) variable has a positive but insignificant effect on NIM. The Loan to Deposit Ratio (LDR) and Non-Performing Loan (NPL) variables have negative and statistically insignificant effects on NIM, whereas the Efficiency Ratio (BOPO) has a positive and statistically significant effect on NIM. The F-test results indicate that LDR, BOPO, NPL, and MS simultaneously affect NIM, with a significance value of 0.014544 (p < 0.05). The adjusted R² test results show that the predictive ability of these four independent variables is 33.68%, while the remaining 66.32% is influenced by other variables outside the model.
Influence of School Resource Management Practices on Teacher Performance and Student Academic Achievement in Public Secondary Schools in Oyo State, Nigeria SALAMI, Muideen Oladeji; ADEWUYI, Habeeb Omoponle; ONI, Lawrence Adedayo
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3432

Abstract

This study examines the influence of school resource management on teacher performance in public secondary schools in Oyo State, Nigeria. Inadequate resource allocation undermines teacher effectiveness, contributing to poor student outcomes in examinations. The research investigates four resource management practices, namely allocation of instructional materials, financial management, infrastructure maintenance, and professional development resources, using a quantitative descriptive survey design. Data were gathered from 906 teachers across 97 schools, selected through two-stage random sampling, using a resource management survey and a teacher performance questionnaire. Multiple regression analyses revealed that these practices collectively explain 69 percent of the variance in teacher performance, R2 equals 0.690, p less than 0.001, with professional development resources as the strongest predictor, beta equals 0.33, p less than 0.001. Allocation of instructional materials, beta equals 0.26, p less than 0.001, and financial management, beta equals 0.20, p equals 0.001, significantly enhance performance, while infrastructure maintenance shows a weaker, non-significant effect, beta equals 0.11, p equals 0.12. Teacher performance strongly predicts student academic achievement, beta equals 0.41, p less than 0.001, R2 equals 0.68, highlighting its role in improving examination results. These findings emphasise the need for effective resource management to support teachers. Recommendations include prioritising professional development funding, ensuring equitable material allocation, and strengthening financial oversight through transparent budgeting. The study provides evidence to guide policy reforms, addressing Oyo State’s educational challenges and supporting Nigeria’s universal basic education goals.      
Policy Implementation for Sustainable Development in Colleges of Education: A Case Study of South Western Nigeria SALAMI, Muideen Oladeji; ADEWUYI, Habeeb Omoponle
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3485

Abstract

This qualitative case study investigates the implementation of sustainable development policies in colleges of education in South Western Nigeria, focusing on curriculum integration, infrastructure development, and community engagement. Data were gathered through semi-structured interviews with 12 academic staff and policy document analysis across six institutions. Findings indicate partial policy implementation, hindered by inadequate funding, limited staff awareness, and weak governance structures. Key themes include fragmented policy execution and insufficient stakeholder collaboration. The study proposes a context-specific policy implementation framework aligned with Sustainable Development Goal 4 (Quality Education), emphasizing enhanced funding, mandatory staff training, and structured community partnerships. This framework contributes theoretically by refining the Advocacy Coalition Framework for resource-constrained settings and practically by offering actionable strategies for policymakers to strengthen institutional practices, ensuring sustainable teacher education that supports Nigeria’s socio-economic development
Bank Profitability Level Based on Good Corporate Governance, Macroeconomics, and Specific Banks in Foreign Exchange Banks in Indonesia Hasddin, Hasddin; Mido, Muhammad Sardy Sujadi; Melati, Melati; Misnawati, Misnawati; Rama, Muhammad Irfan; Fadli, Andi Muh Dzul; Nartin, Nartin; Mirad, Mirad; Marjani, Marjani; Dahlifah, Dahlifah; Mais, Rimi Gusliana
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3502

Abstract

This study examines how Good Corporate Governance (GCG), macroeconomic conditions, and bank-specific characteristics influence the profitability of foreign exchange banks in Indonesia. Using a quantitative approach, the research analyzes secondary data from the annual financial statements of foreign exchange banks listed on the Indonesia Stock Exchange over the period 2014–2022. The study investigates the direct effects of GCG on profitability, the influence of macroeconomic factors on bank-specific characteristics and profitability, and the role of bank-specific characteristics in determining profitability. Data were analyzed using partial least squares with a resampling technique to test the significance of relationships. The results show that GCG contributes positively to overall bank financial performance; however, its direct effect on profitability is positive but not statistically significant. Macroeconomic conditions are found to positively affect bank-specific characteristics, while exerting a negative influence on profitability. In contrast, bank-specific characteristics—particularly bank size, total assets, and deposit growth—have a significant and positive impact on profitability. These findings suggest that strengthening governance practices alone is not sufficient to directly increase profitability. Banks also need to improve asset management and expand deposit bases to enhance financial performance. In addition, effective management of macroeconomic risks is essential to reduce their adverse effects on bank profitability. This study provides empirical insights into the interaction between governance, economic conditions, and internal bank factors in Indonesia’s banking sector.
Risk Control Self-Assessment: Identifying Risk at PT BRI Asuransi Indonesia Pramana, M Agung
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3521

Abstract

Discussions on risk management have been extensive across various companies internationally. However, much of the existing research data is outdated, with most studies conducted several years ago. This article aims to update previous research on the implementation of risk management, focusing on PT BRI Asuransi Indonesia. The company has implemented Risk Control Self-Assessment (RCSA), a key tool for its risk management framework. This tool is utilized to identify and subsequently control risks within work units. This study updates previous scholarship that focused solely on operational risk, in contrast, this study emphasizes risk management tools that leverage digitalization to mitigate the risks faced by the Company. This paper primarily addresses how risk management, specifically the risk assessment process, is implemented at PT BRI Asuransi Indonesia. It also explores the broader development of risk management in an international context. This study employs a netnography method, sourcing data from online platforms combined with existing literature. The findings reveal that PT BRI Asuransi Indonesia has adapted its risk assessment process to modern times by digitalizing it. The entire process, from identifying and assessing risks to implementing controls, is conducted digitally. Furthermore, risk assessment reports are accessible through the BRINESIA RCSA website. The assessments are based on real-time data from Branch Offices, enhancing risk awareness at the local level. These findings support previous studies which suggest that a thorough implementation of RCSA leads to more effective operations and minimized risks within work units.
Earnings Management and Firm Value: The Moderating Role of Institutional Ownership Firmansyah, Amrie; Azizi, Ahmad Reza; Putri, Haniyah Berliana
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3624

Abstract

This research aims to examine the effect of earnings management on firm value in the banking subsector in Indonesia, with institutional ownership as a moderating variable. This study uses a quantitative method. Secondary research data comes from financial reports and annual reports of banking subsector companies listed on the main board of the Indonesia Stock Exchange (IDX) from 2019 to 2023. Data were obtained from the website www.idx.co.id and the official websites of banking subsector companies that have gone public. Data collection was carried out during March 2025. Based on purposive sampling, the total research sample was 105 observations. This study shows that there is a relationship between institutional ownership disclosure, earnings management, and firm value. The results of the study indicate that: 1) earnings management has a negative effect on firm value; and 2) the interaction of institutional ownership acts as a moderating variable influencing the negative relationship between earnings management and firm value. The results of this study can contribute to company management, government, and further research.
A Documentary-Based GRC Maturity Assessment Using OCEG Practices: Single Case of PT Kereta Api Indonesia Hernama, Canna Divertana
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3682

Abstract

This article assesses the maturity of PT Kereta Api Indonesia (Persero)'s Governance, Risk, and Compliance (GRC) capabilities through the lens of strategic alignment. The research uses documentary analysis of 2024 documents (Annual and Sustainability Reports, Company Profiles, and Financial Reports) mapped to 23 OCEG practices (12–7–4) with a maturity scale of 1–5. The procedure includes audit trail evidence mapping and a double scoring scheme to improve replicability. The results indicate Levels 3 to 4 in several practices: Governance (KPIs & reporting, transparency/PPID, SPI/ICS effectiveness statements), Risk (digitalized ISO 31000 cycle through SMARTKA/RCSA and its correlation with RKAP/RJPP and safety/IBPR), and Compliance (implementation of SMAP ISO 37001, WBS updates and their integration with national authorities, and compliance reporting discipline). The Strategic Alignment Model analysis indicates a Path B (Technology Transformation) pattern with Path D (Service Level) elements through the integration of GRC solutions into the performance infrastructure (KPI/ICS). This study offers a replicable GRC assessment protocol with the case of state-owned railway companies. The findings reinforce the evidence that integrated GRC can improve the total performance of public service organizations.
Adapting to Digitalization: Employee Readiness and Challenges in a Philippine Insurance Company Briones, Jesus; Llorin, Cristy M; Angustia, Benly G; Carig, Michelle G; Flores, Clouie L; Galapon, Monique M
Journal of Governance Risk Management Compliance and Sustainability Vol. 6 No. 1 (2026): April Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v6i1.3901

Abstract

The rapid digital transformation of the insurance industry introduces new operational and compliance risks that require a digitally prepared workforce. However, limited evidence links employee digital readiness to governance, risk, and compliance challenges during insurance digitalization. This study examined how employees’ digital readiness relates to perceived challenges that may affect operational resilience and compliance in a Philippine insurance company. A survey of 79 operations employees used validated Likert-scale measures of digital readiness (knowledge, skills, and attitudes) and perceived barriers (technological, organizational, and individual), with reliability assessed using Cronbach’s alpha. Data were analyzed using frequency and percentage, weighted mean, and Pearson correlation coefficient. Results indicate that employees demonstrated a moderate level of digital readiness while technological barriers emerged as the most significant challenges during the digitalization process. Correlation analysis revealed significant positive relationships between readiness dimensions and perceived challenges on digitalization adaptation. Based on these findings, the researchers proposed strategies to strengthen employee readiness and reduce adaptation challenges to support the company’s digitalization initiatives. Findings of this study highlight the importance of strengthening workforce digital capabilities as part of risk-informed governance strategies for a regulated sector like the insurance industry. Theoretically, this study advances the Technology Acceptance Model by demonstrating that digital readiness is an organizational capability that shapes perceived barriers relevant to operational resilience and compliance in digital transformation initiatives. Practically, this study provides insights on how similar institutions enhance digital maturity, align employee readiness with organizational needs, and ensure smoother digital transformation.

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