Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)

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Financial Resilience, Risk and Firm Size Towards Sustainable Business in Companies Listed on The Indonesia Stock Exchange

Authors
Ninin Non Ayu Salmah1, *, Sulastri Sulastri1, Isni Andriana1
1Sriwijaya University, Palembang, Indonesia
*Corresponding author. Email: 01023622328009@student.unsri.ac.id
Corresponding Author
Ninin Non Ayu Salmah
Available Online 24 July 2025.
DOI
10.2991/978-94-6463-795-3_7How to use a DOI?
Keywords
Financial Resilience; Risk; Firm Size; Sustainable Business
Abstract

This study aims to examine the impact of financial resilience, risk and company size on sustainable business in companies listed on the Indonesia Stock Exchange. The study focuses on companies that consistently submitted environment, social and government reports from 2018 to 2022. The analysis employs a random effects model for panel data regression. The market share growth model as an indicator of sustainable business can be applied if the model analysis uses determinants of financial resilience, risk and company size. The model successfully explains variations in market share growth. The variables of financial resilience, risk and company size collectively contribute to the model. The net debt to EBIT ratio positively influences market share growth, while equity capital adequacy has a negative impact. Additionally, the debt to equity ratio also contributes positively. In contrast, neither the level of operational leverage nor company size appears to significantly affect market share growth.

Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)
Series
Advances in Economics, Business and Management Research
Publication Date
24 July 2025
ISBN
978-94-6463-795-3
ISSN
2352-5428
DOI
10.2991/978-94-6463-795-3_7How to use a DOI?
Copyright
© 2025 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Ninin Non Ayu Salmah
AU  - Sulastri Sulastri
AU  - Isni Andriana
PY  - 2025
DA  - 2025/07/24
TI  - Financial Resilience, Risk and Firm Size Towards Sustainable Business in Companies Listed on The Indonesia Stock Exchange
BT  - Proceedings of the 8th International Conference on Business, Economics, Social Sciences, and Humanities - Economics, Business and Management Track (ICOBEST-EBM 2025)
PB  - Atlantis Press
SP  - 62
EP  - 77
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-795-3_7
DO  - 10.2991/978-94-6463-795-3_7
ID  - Salmah2025
ER  -