The Sustainable Responsible Investment and Islamic Finance for Achieving Sustainable Development Goals (SDGs) in Indonesia

Rani Puspitaningrum, Darmawati Muchtar, Andrea Zulfa, Ratna Husein

2019

Abstract

This study aims to investigate the influence of SRI-KEHATI (The Sustainable Responsible Investment in Indonesian Biodiversity), JII (The Jakarta Islamic Index) and FOREST (forest area) on three Sustainable Development Goals (SDGs) in Indonesia. The data of this study retrived from World Bank, Indonesia Stock Exchange and Central Bank of Indonesia. This study used time series data from 2009 to 20016. The multiple regression analysis methods is apply to achive the research objective and answer the research hypotheses. The results shows that SRI-KEHATI have positive and significantly affacted 8th and 13th SDGs goals, but it has negative on 15th SDGs goals. Moreover, JII has negative and significant impact on 8th SDGs but insignificant impact on 13th and 15 SDGs goals. The negatif of JII implies that reducing carbon emission levels as an indicator of climate change and environmental sustainability that emphasizes the important role of forests as life support is also expected to be aligned with economic growth. Then, FINANCING seems do not have any significant impact for the three SDGs. In sum, the SRI-KEHATI index has an important indext to achived these sustainable development goals.

Paper Citation

in Harvard Style

Puspitaningrum R., Muchtar D., Zulfa A. and Husein R. (2019). The Sustainable Responsible Investment and Islamic Finance for Achieving Sustainable Development Goals (SDGs) in Indonesia. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 133-139. DOI: 10.5220/0009837400002900

in Bibtex Style

@conference{miicema19,
author={Rani Puspitaningrum and Darmawati Muchtar and Andrea Zulfa and Ratna Husein},
title={The Sustainable Responsible Investment and Islamic Finance for Achieving Sustainable Development Goals (SDGs) in Indonesia},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={133-139},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009837400002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - The Sustainable Responsible Investment and Islamic Finance for Achieving Sustainable Development Goals (SDGs) in Indonesia
SN - 978-989-758-582-1
AU - Puspitaningrum R.
AU - Muchtar D.
AU - Zulfa A.
AU - Husein R.
PY - 2019
SP - 133
EP - 139
DO - 10.5220/0009837400002900