Browsing by Author "Syamsi Mustofa Singgih Prayogo"

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    A Bibliometric analysis of green sukuk literature
    (Center for Islamic Economics Studies and Development, Faculty of Business and Economics, Universitas Islam Indonesia, 2024-09-12) Syamsi Mustofa Singgih Prayogo; Aji Raditya; Sarea, Adel
    Purpose – The objective of this study is to provide a comprehensive analysis of the current body of literature on green sukuk. Methodology – To achieve this objective, this study uses a bibliometric analysis and visualization and mapping of green sukuk research from to 2015-2023. The process of retrieving data through the Scopus database with the keywords "green sukuk" OR "global green sukuk" OR "retail green sukuk" OR "project based green sukuk.” Findings – The findings included the identification of the most pertinent journals, highly cited articles, prominent authors, nations with prolific publishing in green sukuk, top research affiliations, and journal quality. The study also highlights the fundamental factors that contribute to the emergence of green sukuk, such as the incorporation of Islamic finance principles, adherence to green bond standards, emphasis on sustainability, implementation of environmental, social, and governance (ESG) principles, and the desire of investors to buy such instruments. Implications – This study examines the effects of government policies on the issuance of green sukuk to support all 2030 Sustainable Development Goals (SDGs) programs, particularly in mitigating and preventing the negative effects of climate change. Furthermore, it examines the potential consequences for future studies, as other scholars can use the discoveries of this analysis to investigate new research prospects concerning the correlation between green sukuk and sustainable development goals (SDGs). Originality – The analysis provides insights into the evolution of green sukuk, identifies gaps in current research, and highlights emerging areas of interest.
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    The nexus of ESG score and stock return : evidence from the LQ45 index
    (Universitas Pasundan, 2024-12-31) Syamsi Mustofa Singgih Prayogo; Rizky Wisnoentoro
    The objective of this study is to examine the relationship between Environmental, Social, and Governance (ESG) aspects and the return on stock performance in Indonesia. An exhaustive examination of the data from the Indonesian stock market LQ45 Index is undertaken to determine the firms that give priority to environmental, social, and governance (ESG) policies. The study utilizes a quantitative methodology, employing cross-sectional dependency test with the sample of 45 blue chip firms. Breusch-Godfrey Serial Correlation LM Test and Heteroscedasticity Test were used in the research. This study enhances the current body of literature by offering empirical proof about the influence of ESG score on stock returns, particularly within the framework of the LQ45 index. The results will underscore the importance of ESG considerations for investors and stress the possible financial advantages of integrating ESG elements into investing strategies. This study contributes to the expanding pool of information on sustainable investment and its ramifications for financial markets.