The objective of this study is to develop a corporate financial optimization model, based on the theoretical foundations of, and for integrating, the crucial issues in accounting and finance such as agency and information asymmetry and the use of accounting information to mitigate the problems, which can give appropriate financial strategies relevant for the contemporary business world. There are a good number of financial models in the existing literature. However, as important issues relevant to financial management for corporations are emerging, it is essential to develop a financial optimization model that can embed and address these emerging issues and can prescribe a set of financial management strategies, which are relevant in the current situations of corporations shaped by these emerging issues. This study formulates an applied integrated financial optimization problem to investigate the extent to which the financial model designs optimal financial strategies that can mitigate agency problems and provide a basis for sound accounting practices, leading to the optimal company value in real life situations. Generally, this study concludes that the integrated financial model can provide economic significance when formulating financial strategies for mitigating agency problems and maximizing company value. It also provides new insights into sound accounting practices should be implemented in an integrated, large-scale real-life financial strategy. This paper contributes to corporate financial modeling by developing a model based on the multidisciplinary literature, including contemporary accounting, agency theory, and management science, by providing a new corporate finance model, which is appropriate for modeling and addressing some crucial contemporary issues in corporate finance in the current world.

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This study aims to explore governmental leadership in response to global pandemic. A total of 52 articles from Scopus database were analyzed using Leximancer 4.51, followed by a content analysis. The findings are: (1) There are two concept changes, namely crisis labeling and a change in the meaning of masculine versus feminine which is embedded in leader’s decisions; (2) The theories that support the phenomenon of leadership are quite diverse; (3) The most common methodology is case study. The limitations of the study, especially in the articles analyzed during the coronavirus outbreak. We suggest future research directions into historical perspective.

This study aims to provide empirical evidence of the effect of business strategy on the management and operational performance of the company's environment. This study examines business strategy as a company's fundamental element in corporate decision-making. It focuses on prospector and defender business strategies as strategies at opposite extremes of the continuum. The research sample is non-financial companies listed on the Indonesia, India, and China Stock Exchanges. The final sample in this study consisted of 869 company observations and years, with the research period from 2015 to 2019. Data analysis was carried out by panel data regression using STATA 17 tools. We found that the company's business strategy had a significant effect on environmental management performance and the environmental and operational performance of the company. Overall, prospector and defender business strategies have different tendencies towards the level of environmental management performance and environmental and operational performance. Companies with a prospector business strategy can maintain their environmental externalities well even though they have a lower level of environmental management performance. Meanwhile, a company with a defender business strategy managerially has a strategic planning system that has been stable but tends to limit involvement in environmental activities in real terms with cost considerations. This research can illustrate for regulators to consider proactive environmental policies for companies.

Pada awal tahun 2020 World Health Organization (WHO) telah menetapkan coronavirus (COVID-19) sebagai sebuah pandemi. Situasi krisis akibat pandemi memberikan efek buruk dan ketidakpastian dalam jangka panjang terhadap kondisi sosial dan ekonomi di suatu negara. Dampak pandemi ini tidak hanya dirasakan oleh perusahaan besar namun juga UMKM, yang merupakan salah satu tulang punggung perekonomian di Indonesia. Salah satu UMKM yang terdampak adalah UMKM Batik, setidaknya terdapat 50% pengusaha batik yang gulung tikar akibat pendemi COVID-19. Penelitian ini bertujuan mengidentifikasi strategi bertahan UMKM Batik di DIY dalam menghadapi pandemi COVID-19 serta mengeksplorasi karakteristik resiliensi kewirausahaan yang mereka miliki. Dalam penelitian ini menggunakan metode kualitatif dengan pendekatan studi kasus. Proses pengumpulan data dilakukan melalui wawancara, observasi dan dokumentasi. Hasil penelitian ini menunujukkan strategi bertahan yang dilakukan UMKM dalam menghadapi pandemi COVID-19 yaitu; adaptasi penyesuaian harga jual, adaptasi penggunaan digital marketing, antisipasi dengan dana tabungan, efisiensi melalui cost reduction, fleksibilitas UMKM, inovasi produk dan proses, relasi dengan customer, serta relasi dengan pemerintah dan universitas. Selanjutnya, karakteristik resiliensi kewirausahaan yang dimiliki pelaku usaha batik di DIY menunjukkan bahwa: (1) perilaku orang tua yang memberikan kebabasan dan tanggung jawab berdampak terhadap mental, sikap, kemandirian dan kepercayaan diri yang dimiliki setiap individu serta kondisi krisis sudah biasa dihadapi oleh para subjek dalam penelitian ini bahkan sejak mereka masih kecil, (2) pengalaman orang tua dalam berbisnis menginspirasi serta mengajarkan mereka untuk menjadikan kewirausahaan sebagai way of life, (3) seorang wirausahawan yang sukses tidak datang secara instan melainkan harus melalui proses belajar yang panjang melalui berbagai pengalaman bisnis sebelumnya, (4) sikap dan perilaku positif membantu seorang wirausahawan untuk menghadapi segala tantangan dan permasalahan yang ada seperti menganggap segala rangkaian pekerjaan sebagai suatu hal yang menyenangkan bagi mereka. Disamping itu, temuan tambahan dalam penelitian adalah adanya strategi bertahan melalui relasi dengan komunitas dan masyarakat serta terdapat aspek religiusitas yang meningkatkan resiliensi UMKM Batik di DIY selama pandemi COVID-19.