Analisis Pengaruh Penerapan Regulasi Environmental, Social, And Governance Terhadap Foreign Direct Investment di Kawasan ASEAN

Febrianti, Puput Rosita (2024) Analisis Pengaruh Penerapan Regulasi Environmental, Social, And Governance Terhadap Foreign Direct Investment di Kawasan ASEAN. Other thesis, Institut Teknologi Sepuluh Nopember.

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Abstract

Paradigma pembangunan berkualitas menjadi langkah prioritas dan fokus global saat ini untuk mencapai Sustainable Development Goals (SDGs). Akan tetapi, banyak negara masih terjebak dalam pola pembangunan semu yang berakibat deforestasi, polusi udara, dan penurunan kualitas air. Di sisi lain, Foreign Direct Investment (FDI) sebagai salah satu sumber pendanaan negara mengalami pergeseran tren menjadi investasi berkelanjutan yang mempertimbangkan aspek Environmental, Social, and Governance (ESG). Penelitian ini bertujuan menganalisis faktor-faktor ESG yang berpengaruh terhadap FDI. Metode yang digunakan adalah pendekatan kuantitatif dengan teknik analisis regresi data panel. Sampel penelitian ini sebanyak 10 negara ASEAN dari tahun 2010 hingga 2021. Hasil analisis menunjukkan bahwa variabel Environmental (E) yang diinterpretasikan indikator luas hutan dan emisi karbondioksida, serta Social (S) yang diinterpretasikan indikator Human Development Index menunjukkan pengaruh negatif signifikan terhadap FDI. Sementara, variabel Governance (G) yang diinterpretasikan indikator stabilitas politik dan akuntabilitas dalam hukum menunjukkan tidak memiliki berpengaruh terhadap FDI. Selain itu, variabel lain seperti makroekonomi yang diinterpretasikan dengan indikator Produk Domestik Bruto dan inflasi menunjukkan pengaruh positif signifikan, serta variabel kontrol yang diinterpretasikan populasi juga menunjukkan pengaruh negatif signifikan terhadap FDI. Penelitian ini memberi rekomendasi pada pemerintah untuk merumuskan strategi investasi yang mendorong implementasi ESG dalam mempromosikan pembangunan berkualitas dan berkelanjutan di ASEAN.
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The quality development paradigm is the current global priority and focus step to achieve the Sustainable Development Goals (SDGs). However, many countries are still trapped in false development patterns that result in deforestation, air pollution, and decreased water quality. On the other hand, Foreign Direct Investment (FDI) as a source of state funding is experiencing a trend shift towards sustainable investment considering Environmental, Social, and Governance (ESG) aspects. This research aims to analyze ESG factors that influence FDI. The method used is a quantitative approach with panel data regression analysis techniques. The sample for this research is 10 ASEAN countries from 2010 to 2021. The analysis results show that the Environmental (E) variable, interpreted as an indicator of forest area and carbon dioxide emissions, and Social (S), construed as an indicator of the Human Development Index, significantly negatively influences FDI. Meanwhile, the Governance (G) variable, interpreted as an indicator of political stability and legal accountability, shows that it does not affect FDI. Apart from that, other variables, such as macroeconomics, which are interpreted using indicators of Gross Domestic Product and inflation, show a significant favorable influence, and control variables analyzed by the population also show a significant negative impact on FDI. This research provides recommendations for the government to formulate investment strategies that encourage the implementation of ESG in promoting quality and sustainable development in ASEAN.

Item Type: Thesis (Other)
Uncontrolled Keywords: Environmental Social Governance, Foreign Direct Investment, ASEAN, Panel Regression, Environmental Social Governance, Foreign Direct Investment, ASEAN, Regresi Panel
Subjects: H Social Sciences > HB Economic Theory
H Social Sciences > HC Economic History and Conditions > HC441 Macroeconomics.
H Social Sciences > HC Economic History and Conditions > HC79.E5 Sustainable development. (circular economy)
J Political Science > JZ International relations
Divisions: Faculty of Creative Design and Digital Business (CREABIZ) > Developmental Studies > 60201-(S1) Undergraduate Thesis
Depositing User: Puput Rosita Febrianti
Date Deposited: 02 Aug 2024 07:17
Last Modified: 02 Aug 2024 07:17
URI: http://repository.its.ac.id/id/eprint/111073

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