Indonesian Journal of Sustainability Policy and Technology

Evaluating the Impact of Corporate Governance on Bank Risk and Financial Stability in Sub-Saharan Africa: A CAMELS-Based Empirical Analysis

Thu, 25 Sep 2025 00:00:00 +0000

Purpose: To investigate the influence of corporate governance structures—specifically board size, board independence, CEO duality, and ownership concentration—on bank risk and financial stability in Sub-Saharan Africa, using the CAMELS framework.

Method: The study employs a quantitative explanatory design with panel data regression analysis on a purposive sample of listed commercial banks in Kenya, Nigeria, Ghana, and South Africa from 2014 to 2024. Key risk dimensions (CAR, NPL, MGT, ROA, LIQ, SENS) are assessed using secondary data from annual reports, central bank supervision documents, World Bank research, and IMF databases. Analytical tools include fixed effects regressions, the Hausman test, and Saylor standard errors.

Findings: The study shows that board independence reduces credit risk and strengthens capital buffers, while CEO duality leads to riskier behavior and weaker oversight. Ownership concentration yields mixed effects: moderate levels enhance oversight, while excessive concentration heightens risk. These effects are statistically robust across varying economic and regulatory conditions.

Implication: The findings provide actionable insights for bank boards, regulators, and policymakers seeking to enhance governance frameworks and maintain financial stability, particularly in the context of evolving macroeconomic and regulatory conditions. Future research could explore how emerging governance innovations—such as ESG integration or digital board practices—further influence bank stability in developing regions.

Originality: This paper presents a region-specific, empirically grounded analysis of governance and risk in SSA banks, integrating the CAMELS framework with robust econometric techniques using a decade-long panel dataset. This approach remains underexplored in existing literature.

Exploring How User-Generated Content and Micro-Influencers Shape Buying Behavioral Intention

Kavita Kumari, Pankaj Kumar — Thu, 02 Oct 2025 00:00:00 +0000

Purpose: This study investigates how the buying behavioral intention of Generation X and Baby Boomers is influenced by the user-generated content (UGC) and micro-influencer endorsements. It addresses a gap in existing literature that usually focuses on younger demographics, aiming to understand how older consumers, especially for aged 35 and above, engage with social media marketing exposure.

Method: A quantitative explanatory research design was employed, using a structured online survey distributed among Indian consumers aged 35 and above. The study adapted validated scales to measure UGC, micro-influencer credibility, and purchase intention. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to assess reliability, validity, and the strength of hypothesized relationships.

Findings: The results reveal that both UGC and micro-influencer exposure significantly shape buying behavioral intentions among older consumers. Peer-generated content fosters trust and credibility, while micro-influencers—due to their relatability and authenticity—effectively influence purchase decisions. These findings challenge assumptions about digital disengagement among older age groups.

Implication: Marketers should consider integrating UGC and collaborating with micro-influencers whose values align with older consumers. Tailored campaigns that emphasize clarity, credibility, and emotional resonance can enhance engagement and drive purchase behavior in this demographic. The study offers actionable insights for inclusive and age-sensitive digital marketing strategies.

Originality: This research extends the applicability of social media marketing constructs to older consumer segments, offering an understanding of their decision-making processes. By focusing on Generation X and Baby Boomers, it contributes to a more comprehensive and representative view of consumer behavior in the digital age.

Merger dan Acquisition in Vietnam: Impact on Wealth, Quality of Governance, and Policy Implications in Emerging Markets

Sun, 30 Nov 2025 06:43:25 +0000

Purpose: To understand the impact of mergers and acquisitions (M&A) in Vietnam, with particular emphasis on the differences between the intended and acquired companies, this study also considers institutional, regulatory, and macroeconomic variables that may influence the results.

Method: The study analyzed twenty relevant articles published between 2015 and 2025. The method used was a descriptive-analytical literature review. To identify the elements, differences, and variables influencing the wealth effects of M&A in Vietnam, these articles were assessed comparatively and thematically.

Findings: This study shows that as a result of the acquisition premium, target shareholders often experience unusually positive returns; conversely, acquirer shareholders often experience neutral or negative returns, supporting agency theory. Foreign investors, information asymmetry, regulatory uncertainty, and transaction aspects such as deal size and cross-border nature are some examples of moderating factors.

Implication: These results suggest that improving M&A outcomes in emerging markets requires improved corporate governance, greater regulatory clarity, and market transparency. While practitioners recommend that policymakers prioritize macroeconomic stabilization and enhancing investor protection mechanisms, post-merger integration and in-depth due diligence should be a top priority.

Originality:These results suggest that to improve M&A outcomes in emerging markets, better corporate governance, greater regulatory clarity, and market transparency are necessary.

Keywords: Mergers and Acquisitions, Corporate Management, Wealth Effect, Emerging Markets.

Integration of Entrepreneurship in Tribal Communities: An Analytical Study of Tribal Economy Propensity, Cultural distinctiveness, and Policy framework in Postmodern Bharat (India)

Shyam T. Shirsath, Swapnil S. Kumare — Sun, 30 Nov 2025 18:16:44 +0000

Purpose: This study investigates the evolving landscape of tribal entrepreneurship in post-liberalization India, with a focus on how indigenous communities mobilize enterprise as a form of economic self-determination, cultural resilience, and ecological stewardship. The purpose is to critically examine the intersection of tribal identity, policy frameworks, and entrepreneurial ecosystems, highlighting both opportunities and systemic constraints.

Method: This research employs a qualitative-descriptive approach, drawing on secondary data from government reports (NITI Aayog, Ministry of Tribal Affairs, TRIFED), academic literature, and policy evaluations. It utilizes a multidimensional analytical framework encompassing structural, cultural, and policy lenses to assess the effectiveness of central schemes such as Van Dhan Yojana, TRIFED, and Stand-Up India.

Findings: The findings reveal that while these initiatives have expanded tribal participation in enterprise, significant gaps persist in fund utilization, skill development, and market integration. Challenges include historical land alienation, institutional exclusion, and deficits in culturally relevant education. Moreover, the lack of decentralized governance and real-time monitoring mechanisms undermines the sustainability of tribal ventures.

Implication: The study’s implications are twofold: it calls for embedding entrepreneurial education within tribal skilling ecosystems and promoting women-led cooperative models, while also advocating for a Van Dhan Innovation Challenge to incubate tribal startups. These recommendations aim to reorient policy toward participatory, culturally embedded development.

Originality: The originality of this research lies in its framing of tribal entrepreneurship not merely as economic activity but as a site of cultural negotiation and systemic transformation—offering a nuanced lens for future policy and practice.

Studi Literatur Determinan Merger, Acquisition, dan Foreign Direct Investment di Filipina

Sun, 30 Nov 2025 00:00:00 +0000

Purpose: To identify key variables (regulations, institutions, political conditions, and macroeconomic conditions) that influence M&A and FDI. This will provide a clearer understanding of the mechanisms of the relationship between M&A and FDI and identify remaining research gaps to support policy formulation.

Methods: This study employed a literature review, an approach aimed at collecting, evaluating, and synthesizing relevant existing literature on a specific research topic.

Findings: Regulations and policies play a significant role. External factors such as bilateral relations (US–Philippines, China–Philippines), infrastructure quality, and the availability of skilled labor have also been shown to influence investment flows. There is a disparity in benefits: some sectors (banking, infrastructure, public utilities) enjoy more positive impacts, while others are still limited by regulatory and market structure issues.

Implications: For the government, this study emphasizes the need for consistency in the application of laws and regulations to promote a healthy and attractive market for foreign investors. For local companies, M&A should not be viewed solely as a means of asset expansion. For foreign investors, regulatory and governance conditions must be considered and considered in acquisition strategies.

Originality: This study emphasizes non-financial aspects (regulation, political stability, institutional capacity, governance) that are often overlooked in previous quantitative studies.