This study aims to acknowledge how environmental performance, corporate governance, competitive advantage, and financial performance-linked each other in Japan. The data used are data from chemical, pharmaceutical, and machinery sub-sector companies listed on the Japan Exchange Group 2013 - 2018. This research was explanatory research using a quantitative approach and implemented Partial least Square (PLS). This study found that the board of directors and firm performance have no significant effect on the company's environmental performance, while corporate control and ownership structure provide a different result. Then, environmental performance and ownership structure have been proven to bring a significant contribution to the company's competitive advantage. Reflecting on Japan, this study suggests several recommendations to the Indonesian Ministry of Environment and Forestry to develop environmental conservation schemes and concepts implemented by public companies in Indonesia and the Indonesian Ministry of Finance to develop applicable environmental accounting concepts for public companies in Indonesia.

The purpose of this study is to determine and explain the stability of the value of foreign exchange reserves affected by macroeconomic variables, such as net exports, foreign investment, and foreign debt. The research method used is explanatory research with a quantitative approach. The data used in this study are quarterly time series data. Data analysis was carried out by descriptive analysis and multiple linear regression analysis assisted by the GRETL program. The results showed that oil and gas net exports, non-oil and gas net exports, foreign investment, and foreign debt simultaneously had a significant effect on the volatility of Indonesia's foreign exchange reserves during the 2006-2016 period. Foreign debt partially has a significant effect on foreign exchange reserves, while the variables of oil and gas net exports, non-oil and gas net exports and foreign investment have no significant effect on Indonesia's foreign exchange reserves for the 2006-2016 period. Keywords-Indonesian foreign exchange reserves; oil and gas net-exports; non-oil and gas net-exports; foreign investment; foreign debt

The tourism sector is one of the potential contributors to GDP in Indonesia. So the number of foreign tourists visiting Indonesia is considered to have a major influence on Indonesia's economic growth. The acceleration of the tourism sector has made the tourism sector attractive to study. .In addition, inflation is also considered to have an influence on the number of foreign tourists and economic growth. This research was conducted to determine whether or not there was an effect of inflation on the number of foreign tourists visiting Indonesia and Indonesia’s economic growth in 2010-2018. The two variables were analyzed because they were considered to have the greatest contribution to Indonesia's economic growth. The analysis technique used is explanatory research with Quantitative Data Analysis. Data analysis was carried out by descriptive analysis and multiple linear regression analysis assisted by the GRETL program.

The purpose of this study was to find out how the influence of environmental risk on profitability and the value of companies that are publicly listed on stock exchanges in Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam. This study uses secondary data for all variables, namely utilizing data from Osiris Financial Database, which includes 558 companies from these six countries. The results of the study show that environmental risk is not proven to affect financial performance, both for accounting or market-based financial indicators in Indonesia, Malaysia, Singapore, Thailand and the Philippines. Environmental risk proved to significantly affect Price to Earnings Ratio in Vietnam, both in testing univariate and multivariate regression models with several control variables. However, in multivariate testing by including control variables, it is evident that environmental risk has a real impact on achieving ROA in Singapore and Thailand, on ROE in Malaysia and Vietnam, on PER in Thailand and Vietnam, and Tobin's Q on companies in Indonesia, Malaysia, and Thailand. Multivariate testing with combined data from six countries shows that environmental risk together contributes significantly to achieving ROA and PER. Control variables that contribute to the significant influence are industry type, country of origin, and size of the company.

Corporate governance seringkali didefinisikan sebagai satu set aturan yang harus dilakukan perusahaan untuk memenuhi hak dan kewajiban terhadap shareholders perusahaan baik pihak internal maupun external yang terdiri dari manajer, kreditur, pemerintah, pekerja dan pihak-pihak yang lain". Salah satu prinsip (GCG) adalah Responsibility, dan ini identik dengan program yang disebut CSR(CSR). Perusahaan-perusahaan milik negara wajib mengimplementasikan prinsip-prinsip GCG tersebut. Program CSR yang dilakukan dengan baik bisa mendukung GCG. Di Indonesia program CSR diatur Pemerintah dalam Peraturan Menteri BUMN. Penelitian ini dilakukan di Perum Jasa Tirta I dengan tujuan untuk mengetahui realisasi program-program CSR apakah sudah sesuai dengan Peraturan Pemerintah. Hasil penelitian menunjukkan bahwa Perum Jasa Tirta I telah merealisasikan program CSR ini dengan baik yang ditunjukkan dengan pengalokasian anggaran untuk CSR per tahun secara maksimal sudah dilaksanakan sesuai ketentuan dan penyaluran program yang direncanakan sudah dilakukan secara efektif. Kata Kunci: GCG, "Corporate Social Responsibility", SOE, "Program Kemitraan dan Bina Lingkungan" ABSTRACT "Corporate governance is as a set of rules that define the relationship between shareholders which is consists of managers, creditors, the government, employees and other internal and external stakeholder in respect to their rights and responsibilities".One of the principles of GCG is Responsibility, which is related to a program, it called CSR(CSR). State-owned enterprises (SOE) as a corporate which is owned by the government, must apply its principles. The implementation of CSR's programs is a one way that could increase GCG condition. The regulation for CSR implementation of SOE in Indonesia has been stated by the government through Ministerial Decrees of BUMN. This research aims to find out how the realization of CSR programs on Perum Jasa Tirta I whether it is same as the government's rule. The research finding that the realizations of PKBL on the Perum Jasa Tirta 1 has been well implemented, annually funds are budgeted realized as much as nearly maximize and distributed effectively.