ESG and Firm Value Linkage: A Case Study in the Automotive Industry DOI
Samrat Ray,

Dhirendra Kumar,

Sumitra Roy

et al.

Indatu Journal of Management and Accounting, Journal Year: 2024, Volume and Issue: 2(1), P. 19 - 28

Published: March 27, 2024

Environmental, social, and governance (ESG) performance firm value are under scrutiny in this study, examining the impact of ESG factors on financial metrics. A survey was conducted, questionnaire distributed to stakeholders within automotive industry India. Statistical analyses, including regression correlation techniques, were employed ascertain connections between performance. Strong correlations indicators observed. The findings underscore significance social responsibility practices enhancing a company's trustworthiness, fostering trust among stakeholders, maintaining long-term competitiveness. Furthermore, study illustrates integration environmentally friendly business methods industry. It emphasizes importance aligning objectives with goals.

Language: Английский

The dynamic impact of non-renewable and renewable energy on carbon dioxide emissions and ecological footprint in Indonesia DOI Creative Commons
Ghalieb Mutig Idroes, Irsan Hardi, Md. Hasanur Rahman

et al.

Carbon Research, Journal Year: 2024, Volume and Issue: 3(1)

Published: April 16, 2024

Abstract The global trend of environmental degradation, marked by escalating carbon dioxide (CO 2 ) emissions and expanding ecological footprints, poses a significant risk to the planet leads warming. This decline in environment is primarily attributed extensive use non-renewable energy sources substantial economic activities. study investigates dynamic impact (coal, gas, oil), renewable energy, growth, capital formation on CO footprint Indonesia spanning from 1965–2022. Employing Fully Modified Ordinary Least Squares (FMOLS), (DOLS), robustness test with Canonical Cointegrating Regression (CCR) techniques, we seek establish long-term associations among studied variables. Preliminary findings, supported our primary models, reveal that every increase coal gas directly results higher but does not affect footprints. Conversely, oil affects rise footprints emissions. Meanwhile, will reduce both consequently enhancing Indonesia's quality. Furthermore, increasing growth footprint, while reduces footprint. Granger causality showed unidirectional also revealed bidirectional between energy. clarifies patterns provides policymakers recommendations for maintaining sustainability, including investing transitioning away given pressing climate challenges goal achieving neutrality.

Language: Английский

Citations

52
Economic growth and environmental impact: Assessing the role of geothermal energy in developing and developed countries DOI Creative Commons
Ghalieb Mutig Idroes, Irsan Hardi,

Iin Shabrina Hilal

et al.

Innovation and Green Development, Journal Year: 2024, Volume and Issue: 3(3), P. 100144 - 100144

Published: March 25, 2024

Geothermal energy is both a clean and sustainable source that contributes to economic growth (GDP) environmentally friendly, as it releases much less harmful greenhouse gas (GHG) emissions than fossil fuels. This study presents novel perspective by examining the dynamic impact of geothermal on GDP GHG in developing developed countries from 2000 2019. By employing Autoregressive Distributed Lag (ARDL) estimations, our demonstrates negative short-run but also proves be positive contributor long-run GDP, particularly countries. Additionally, unveils noteworthy discovery has effect levels country groups over long run, although coefficient lower These findings are robust confirmed through Fully Modified Ordinary Least Squares (FMOLS) Dynamic (DOLS) techniques. The ARDL justified Dumitrescu Hurlin (D-H) causality model, indicating existence unidirectional energy. Based this empirical evidence, we suggest policymakers support projects streamlined processes, incentives, ongoing policy reviews for environmental sustainability growth.

Language: Английский

Citations

51
Innovation and Economic Growth in the Top Five Southeast Asian Economies: A Decomposition Analysis DOI Creative Commons
Irsan Hardi, Samrat Ray, Muhammad Umer Quddoos

et al.

Ekonomikalia Journal of Economics, Journal Year: 2024, Volume and Issue: 2(1), P. 1 - 14

Published: Feb. 22, 2024

Innovation has the potential to act as a double-edged sword in impacting economic growth. While it serves powerful driver of advancement, also carries risks alongside its benefits. Recognizing this duality, our study aims fill identified gap and add comprehensiveness literature by assessing individual impact innovation indicators on growth top five Southeast Asian countries based GDP: Indonesia, Thailand, Singapore, Malaysia, Vietnam. The aspect comprises 21 from Global Index (GII), grouped into seven categories: institution, human capital research, infrastructure, market sophistication, business knowledge technology outputs, creative outputs. Both panel analysis country-specific assessments consistently conclude that significantly influences However, delving categorized reveals intriguing insights. all demonstrate notable impact, most them are found hinder rather than foster This compelling empirical evidence underscores selected yet be optimized, highlighting urgent need implement innovation-friendly policies, including removing barriers, targeting investment key sectors, fostering education skills development. holistic approach cultivate an environment conducive innovation, thereby solidifying innovation's role one primary drivers

Language: Английский

Citations

31
Exploring Indonesia's CO2 Emissions: The Impact of Agriculture, Economic Growth, Capital and Labor DOI Creative Commons

Putri Maulidar,

Fitriyani Fitriyani, Novi Reandy Sasmita

et al.

Deleted Journal, Journal Year: 2024, Volume and Issue: 1(1), P. 43 - 55

Published: Jan. 11, 2024

This study examines the dynamic impact of agriculture, economic growth, capital, and labor on carbon dioxide (CO2) emissions in Indonesia from 1990-2022. Employing Autoregressive Distributed Lag (ARDL) method, findings indicate that agriculture plays a substantial role decreasing CO2 short long run. Additionally, consistent positive correlation exists between growth emissions, underscoring difficulty decoupling progress its environmental repercussions. Capital formation, other hand, exerts noteworthy negative influence particularly run, implying increased investment capital potentially environmentally friendly technologies, could contribute to gradual reduction emissions. However, expanding is identified as significant driver Highlighting challenges associated with mitigating workforce growth. Furthermore, Granger causality results unidirectional formation. Therefore, promoting sustainable aligning green incentivizing eco-friendly investment, integrating comprehensive planning, maintaining flexible policies are crucial for Indonesia's effective management.

Language: Английский

Citations

27
Towards sustainable environment in North African countries: The role of military expenditure, renewable energy, tourism, manufacture, and globalization on environmental degradation DOI
Ghalieb Mutig Idroes,

Hasanur Rahman,

Imtiaz Uddin

et al.

Journal of Environmental Management, Journal Year: 2024, Volume and Issue: 368, P. 122077 - 122077

Published: Aug. 9, 2024

Language: Английский

Citations

26
Toward a Greener Future: Investigating the Environmental Quality of Non-Green Trading in OECD Countries DOI Creative Commons

Anke Van Ledden,

Muhlis Can, Jan Brusselaers

et al.

Ekonomikalia Journal of Economics, Journal Year: 2024, Volume and Issue: 2(1), P. 15 - 28

Published: March 11, 2024

International trade is recognized as a key contributor to environmental degradation. However, researchers and policymakers do not distinguish between the of green non-green products. The Non-Green Trade Openness Index was developed examine effect products on quality. This study examines trading quality for 37 member countries Organization Economic Co-operation Development (OECD) from 2003 2016 in context Environmental Kuznets Curve (EKC) framework. results long-run estimation techniques employed (FMOLS, DOLS, Fixed Random effects) confirm EKC hypothesis show negative relationship greenhouse gas emissions, which serves proxy implies that when there more OECD countries, emissions within these decrease. Dividing important, empowering practitioners make informed choices define strategy sustainable future. Additionally, policy recommendations are provided support their efforts combat climate change.

Language: Английский

Citations

21
Refining ESG Disclosure's Role in Corporate Economic, Environmental, and Social Sustainability Performance DOI
Samrat Ray, Irsan Hardi

Indatu Journal of Management and Accounting, Journal Year: 2024, Volume and Issue: 2(1), P. 1 - 8

Published: Feb. 19, 2024

This research examines the complexities of corporate sustainability, exploring interconnections between environmental, social, and governance (ESG) disclosure, frameworks, investor engagement in ESG practices, sustainability performance improvements. Regression analysis were employed to analyze data collected from 121 participants across various professions India. The findings indicate that disclosures have an impact on Sustainability Performance Transformation Index (SPTI), suggesting alone may not necessarily lead improved sustainability. Additionally, SPTI was found be correlated with company management practices issues. model demonstrates strong explanatory power (R2 = 0.979), underscoring importance adopting multidisciplinary methodologies for achieving lasting transformation. conclusions drawn this study offer insights businesses, investors, policymakers can leverage strike a balance long-term objectives economic development.

Language: Английский

Citations

20
Economic Growth, Agriculture, Capital Formation and Greenhouse Gas Emissions in Indonesia: FMOLS, DOLS and CCR Applications DOI Creative Commons
Irsan Hardi, Ghalieb Mutig Idroes,

T. Zulham

et al.

Ekonomikalia Journal of Economics, Journal Year: 2023, Volume and Issue: 1(2), P. 82 - 91

Published: Nov. 22, 2023

Economic growth drives increased demand for resources, placing greater pressure on the agricultural sector. While adoption of advanced technologies and capital investment can enhance productivity, they also have environmental consequences, contributing to greenhouse gas emissions. Based this interconnected issue, study aims examine long-term relationships between economic growth, gross fixed formation, emissions in Indonesia, utilizing data from period 1965-2021. The employs Dynamic Ordinary Least Squares (DOLS) Fully-Modified (FMOLS) methods, includes robustness checks using Canonical Cointegration Regressions (CCR) method. To provide a more comprehensive insight, pairwise Granger causality approach detect direction relationships. In concise terms, results suggest that positive influence growth. Additionally, formation has negative effect, while impact productivity. Furthermore, productivity impact, indicates effect formation. Moreover, positively influences over long term. Lastly, found three bidirectional causalities, with as central figure. These important findings crucial information policymakers, economists, environmentalists, giving nuanced understanding intricate activities well aiding formulation sustainable strategies green especially Indonesia.

Language: Английский

Citations

27
Business Confidence in the Shift to Renewable Energy: A Country-Specific Assessment in Major Asian Economies DOI Creative Commons
Irsan Hardi, Ghalieb Mutig Idroes, Yoshihiro Hamaguchi

et al.

Journal of Economy and Technology, Journal Year: 2024, Volume and Issue: unknown

Published: Aug. 1, 2024

The growing awareness of the importance transitioning to sustainable energy sources emphasizes necessity fostering business optimism toward renewable energy, as businesses wield significant influence in driving innovation and scaling up deployment. Therefore, this study investigates impact confidence on long-term generation selected major Asian economies: China, Japan, South Korea, Indonesia, Turkey. Through country-specific assessments, we utilized three methods capable yielding empirical results: Fully-Modified OLS (FMOLS), Dynamic (DOLS), Canonical Cointegrating Regressions (CCR). also conducted a robustness check by utilizing Robust Least Squares (RLS) method, preceded multiple preliminary tests, ensure validity reliability results. findings show that all countries exhibit energy. However, there are variations level, with Turkey demonstrating high while those China Indonesia low confidence. found trade-off between levels consumption. In Turkey, correlates negative consumption, is aligned positive effect consumption This suggests dynamics development. Policy recommendations tailored each provided address these findings, aiming enhance trust within economies.

Language: Английский

Citations

15
Enhancing Environmental Quality: Investigating the Impact of Hydropower Energy Consumption on CO2 Emissions in Indonesia DOI Creative Commons

Putri Maulidar,

Sintia Fadila,

Iffah Hafizah

et al.

Ekonomikalia Journal of Economics, Journal Year: 2024, Volume and Issue: 2(1), P. 53 - 65

Published: April 28, 2024

Achieving sustainable environmental quality has become a critical global issue, necessitating the reduction of carbon dioxide (CO2) emissions and greenhouse gas (GHG) to mitigate pollution. Hydropower energy potential play significant role in this effort by providing clean, renewable source that can help reduce reliance on fossil fuels decrease CO2 emissions. This study examines dynamic impact hydropower consumption, economic growth, capital, labor Indonesia's from 1990 2020. Applying Autoregressive Distributed Lag (ARDL) method, findings demonstrate consumption negative effect both short long term, indicating increasing leads Conversely, exhibits positive influence suggesting rise contributes higher levels Indonesia. Furthermore, Granger causality analysis reveals bidirectional relationship between consumption. The robustness ARDL results is confirmed through additional tests using Fully-Modified Ordinary Least Squares (FMOLS), Dynamic (DOLS), Canonical Cointegrating Regressions (CCR) methods. underscore importance promoting for effective management Policymakers should prioritize investments infrastructure, encourage adoption energy-efficient technologies, develop skilled workforce increased force participation.

Language: Английский

Citations

14