Determinants of Corporate Value: ESG Perspective and Financial Performance of IDX ESG Leaders in Indonesia

Malem Pagi Sembiring — Mon, 30 Mar 2026 00:00:00 +0000

This study aims to analyze the determinants of firm value from an Environmental, Social, Governance (ESG) perspective and financial performance in companies included in the IDX ESG Leaders index for the 2022–2024 period. The research background is based on the increasing investor attention to sustainability practices and the continued fluctuations in firm value in the Indonesian capital market. The study used a quantitative approach with a multiple linear regression method on 15 companies with a total of 45 observations. The independent variables include Environmental, Social, Governance, Debt to Equity Ratio, firm size, and Return on Assets, while firm value is proxied by Price to Book Value. The results show that partially, the variables Social, Governance, Debt to Equity Ratio, firm size, and Return on Assets have a significant effect on firm value, while the Environmental variable has no significant effect. Simultaneously, all independent variables are able to explain variations in firm value with a very high coefficient of determination. These findings indicate that firm value in ESG-based companies is not only determined by sustainability practices but also significantly influenced by financial performance and fundamental characteristics of the company. The implications of this research emphasize the importance of strengthening social aspects, governance, profitability, and capital structure as the main strategy in increasing company value and as a basis for consideration for investors and management in making sustainability-based investment decisions

Management of digital content translation in enhancing brand image: a case study of Bless Flower Bar

Mon, 30 Mar 2026 00:00:00 +0000

The rapid growth of digital platforms has transformed how brands communicate with global audiences, making digital content translation a strategic component of brand management. This study examines the management of digital content translation in enhancing brand image using Bless Flower Bar as a case study. The research aims to analyze how translation strategies, workflow coordination, and content adaptation contribute to strengthening brand perception across different linguistic audiences. Employing a qualitative case study approach, data were collected through three in-depth interviews and document analysis of 36 Instagram posts published between January and February 2026, supported by observation of the brand’s digital platforms. The findings reveal that effective translation management characterized by cultural adaptation, consistent brand voice, quality control mechanisms, and strategic platform selection significantly influences audience trust, engagement, and brand positioning. Furthermore, the integration of localization strategies with digital marketing planning enhances brand authenticity and competitiveness in a globalized market. The study highlights translation management not only as a linguistic process but also as a strategic branding function for small and medium enterprises seeking to expand their market reach through multilingual digital content.

Digital Business: Tren Bisnis Masa Depan

Determinants of Corporate Value: ESG Perspective and Financial Performance of IDX ESG Leaders in Indonesia

Management of digital content translation in enhancing brand image: a case study of Bless Flower Bar