Mergers and Demergers

Quiry, Pascal; Dallocchio, Maurizio; Fur, Yann Le; Salvi, Antonio

doi:10.1002/9780470404324.hof002088

Cited by 3 publications

(3 citation statements)

References 16 publications

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“…Kebijakan keuangan perusahaan terutama terdiri dari seperangkat prinsip yang diperlukan untuk membuat keputusan yang dirancang untuk memaksimalkan nilai bagi penyedia dana, terutama pemegang saham (Quiry, Dallocchio, Le Fur, & Salvi, 2018). Memaksimalkan kekayaan pemegang saham yang kemudian diterjemahkan menjadi memaksimalkan harga saham.…”

Section: Pendahuluanunclassified

Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

Stiadi

Yusniar

Abidin

2023

JBP

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financial performance but also relate to the company's sustainability of the environment as a responsibility for the environmental impact of the company's activities. Alignment of corporate responsibilities can be seen in the company's concern for Environmental, Social, and Governance (ESG). This study aims to analyze the role of ESG Risk in moderating the relationship between investment decisions and stock returns in the ESG Leader Index (IDXESGL) group of companies on the Indonesia Stock Exchange (IDX). The sample was selected using the purposive sampling method in 30 companies for the period March 2021-September 2022 with 4 IDXESGL index evaluation periods so that 20 companies were selected and the total observation data was 80 observations. The research data were analyzed using the Moderated Regression Analysis (MRA) method. The results of the analysis show that ESG Risk moderates the effect of investment decisions on stock returns. Therefore, the better the company's ESG performance (the lower the ESG Risk) will strengthen the effect of investment decisions on company performance as indicated by an increase in stock returns, and in the future the company will continue to grow in a sustainable manner. Keywords: ESG Risk, investment decisions, stock returns

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Section: Pendahuluanunclassified

Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

Stiadi

Yusniar

Abidin

2023

JBP

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“…The company's financial policy consists, first and foremost, of a set of principles needed to make decisions designed to maximize value for the providers of funds, especially shareholders [1]maximizing shareholder wealth which then translates to maximizing share prices. A high stock price shows the company is performing well and increases the company's value in the investor's perception.…”

Section: Introductionmentioning

confidence: 99%

Moderating Environmental, Social, and Governance (ESG) risk in the relationship between investment decisions and firm value

Stiadi

2023

IOP Conf. Ser.: Earth Environ. Sci.

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Investment decisions of companies and investors consider aspects of the company's financial performance and relate to the company's environmental responsibility from company activities. Corporate environmental responsibility can be implemented in its attention to the Environment, Social, and Governance (ESG). This study aims to analyze the role of ESG risk in moderating the relationship between investment decisions and firm value in the ESG Leader Index (IDXESGL) group of companies on the Indonesia Stock Exchange (IDX). Sample selection was based on a purposive sampling of 30 companies for the 2020-2022 period with 4 IDXESGL index evaluation periods, so 20 companies were selected, and the total observation data was 80 observations. Analysis of the research data used the structural equation model (SEM) method with the Partial Least Square (PLS) analysis technique. The analysis results show that ESG risk moderates the relationship between investment decisions and firm value. Therefore, the smaller the company's ESG risk will increase the influence of investment decisions on company value, and in the future, the company will continue to grow sustainably.

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“…PP ignores the size of investments and cash flows, as well as the time value of money and opportunity costs. ARR has a strong accounting bias and fails to include relevant cash flows(Quiry et al, 2005).…”

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confidence: 99%

Determining terminal concession durations in seaports: theoretical considerations, applicable techniques and current practices

Theys

Notteboom²

2010

Journal of International Logistics and Trade

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The awarding of terminals to private operators is considered a prime task of landlord port authorities. Yet, terminal concessions in seaports have only recently gained interest in academic circles. The awarding process poses a complex set of managerial challenges to port authorities, one of the key issues being the determination of the duration of the concession. Despite the importance of the duration of terminal concessions in seaports, the issue has not received much attention in academic circles. Factors impacting on the duration of contracts, leases or concessions have, however, been studied extensively in other research areas, such as agriculture, coal contracts, franchising and natural gas. This paper uses insights from these academic studies to obtain a better understanding of the impact of concession duration on the stakeholders involved and relates them to empirical evidence on concession length in European seaports. The paper then proposes a classification scheme for the exogenous determination of concession duration, based on techniques developed for Public-Private-Partnerships in large infrastructure projects. In the last section the paper discusses the importance of concession durations to various stakeholders in seaports and illustrates these principles using a case study.

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Mergers and Demergers

Cited by 3 publications

References 16 publications

Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

Moderasi ESG Risk pada Keputusan Investasi Terhadap Return Saham

Moderating Environmental, Social, and Governance (ESG) risk in the relationship between investment decisions and firm value

Determining terminal concession durations in seaports: theoretical considerations, applicable techniques and current practices

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