Integrating Environmental, Social and Governance (ESG) Disclosure on Financial Performance of Indonesian Mining Industry Sector

The objective of this research is to examine the disclosure of Environmental, Social, and Governance (ESG) in the mining sector of Indonesia to analyze its impact on financial performance. The ESG index disclosed on Indonesia Stock Exchange is used to proxy ESG measurement, and three measures, namely Return on Assets, Tobin's Q, and Sales Growth based on the Global Reporting Initiative, are used to evaluate financial performance. The study includes 19 companies in the mining industry that are listed on the Indonesian Stock Exchange for the years 2020-2021. Multiple Regression Analysis is applied as the analytical method with SPSS software. The findings suggest that ESG disclosure has a concurrent effect on financial performance, as proxied by Tobin's Q and Sales Growth in the Indonesian mining industry. However, in the short run, ESG disclosure has not shown an impact on Return on Asset. Additionally, the partial testing has revealed that environmental and governance results have a positive influence on Tobin's Q, while environmental, social, and governance has been found to enhance sales growth. These results suggest that the mining industry in Indonesia can improve its financial performance by incorporating ESG factors into its operations, which can positively impact the company's stock value and sales growth. It is recommended that mining companies should consider adopting ESG practices and disclosing their ESG scores to demonstrate their commitment to environmental and social responsibility, and governance. Keywords: ESG Disclosure, investment, financial performance, mining industry, Global Reporting Initiativ

The future of corporate reporting: a review article

Significant changes in the corporate external reporting environment have led to proposals for fundamental changes in corporate reporting practices. Recent influential reports by major organisations have suggested that a variety of new information types be reported, in particular forward-looking, non-financial and soft information. This paper presents a review and synthesis of these reports and provides a framework for classifying and describing suggested information types. The existence of academic antecedents for certain current proposals are identified and the ambiguous relationship between research and practice is explored. The implications for future academic research are discussed and a research agenda is introduced

Dialectic tensions in the financial markets: a longitudinal study of pre- and post-crisis regulatory technology

This article presents the findings from a longitudinal research study on regulatory technology in the UK financial services industry. The financial crisis with serious corporate and mutual fund scandals raised the profile of compliance as governmental bodies, institutional and private investors introduced a ‘tsunami’ of financial regulations. Adopting a multi-level analysis, this study examines how regulatory technology was used by financial firms to meet their compliance obligations, pre- and post-crisis. Empirical data collected over 12 years examine the deployment of an investment management system in eight financial firms. Interviews with public regulatory bodies, financial institutions and technology providers reveal a culture of compliance with increased transparency, surveillance and accountability. Findings show that dialectic tensions arise as the pursuit of transparency, surveillance and accountability in compliance mandates is simultaneously rationalized, facilitated and obscured by regulatory technology. Responding to these challenges, regulatory bodies continue to impose revised compliance mandates on financial firms to force them to adapt their financial technologies in an ever-changing multi-jurisdictional regulatory landscape

A Survey on Intangible Capital

This study provides a survey of topics related to intangible capital, including concepts, definitions, measurement issues, and classifications. It shows that despite the growing importance of intangible capital, we do not know enough about it and only have imperfect methods of measuring it. While at the macroeconomic level, measurement of intangibles is now available for many countries, definitional and measurement issues pose a greater problem at the microeconomic level. This study points out that researchers not only have to confront data deficiencies but also need to grapple with conceptual issues. Finally, it also provides brief surveys of studies dealing with particular detailed topics. Many of these studies prove the existence of intangible capital at the microeconomic level as well as at macroeconomic level.

Environmental Sustainability and the Hospitality Customer Experience: A Study in Tourist Accommodation

Academic research on sustainability in the hospitality industry is scarce and fragmented, and requires a general structure to lend coherence to its approach. There is a need for empirical research to fathom the question of environmental sustainability and customer experience in the hospitality industry and to study the interaction between the two concepts. This paper aims to close these gaps by establishing the nature of the relationship between customers’ perceptions of the environmental practices in tourism accommodation and their customer experiences and levels of satisfaction. The working hypotheses, based on a review of the literature on environmental sustainability and customer experience in the hospitality industry, are tested in an empirical study of 412 Spanish customers who stayed in various types of tourist accommodation. The main conclusion is that the relationship between environmental sustainability and customer experience in the hospitality industry can be demonstrated. This paper also validates a measurement scale based on the most accepted dimensionality of the construct: cognitive (think), affective (feel), behavioral (act), sensory (sense) and social (relate)

Effects of innovation types on firm performance

Innovation is broadly seen as an essential component of competitiveness, embedded in the organizational structures, processes, products, and services within a firm. The objective of this paper is to explore the effects of the organizational, process, product, and marketing innovations on the different aspects of firm performance, including innovative, production, market, and financial performances, based on an empirical study covering 184 manufacturing firms in Turkey. A theoretical framework is empirically tested identifying the relationships amid innovations and firm performance through an integrated innovation-performance analysis. The results reveal the positive effects of innovations on firm performance in manufacturing industries

Effects of innovation types on firm performance

Innovation is broadly seen as an essential component of competitiveness, embedded in the organizational structures, processes, products, and services within a firm. The objective of this paper is to explore the effects of the organizational, process, product, and marketing innovations on the different aspects of firm performance, including innovative, production, market, and financial performances, based on an empirical study covering 184 manufacturing firms in Turkey. A theoretical framework is empirically tested identifying the relationships amid innovations and firm performance through an integrated innovation-performance analysis. The results reveal the positive effects of innovations on firm performance in manufacturing industries