The research objective was to analyze the effect of financial literacy and digital literacy on financial inclusion, financial decisions, and financial resilience of MSME's. The design of this research is explanatory quantitative research. The research is a cross-sectional study in which all research variables are measured and observed at one point in time. The sampling technique used is area purposive sampling. The reachable population in this study was 98,567 MSMEs in the Province of Bali, and the research sample was 385. The research instrument used was a questionnaire with a Likert scale. The analysis technique used is a descriptive and inferential analysis using SEM-PLS. The findings of this research reveal 1) a direct positive and significant effect of financial literacy and digital literacy on financial inclusion, financial decisions, and financial resilience of MSMEs; 2) a positive and significant effect of financial literacy and digital literacy on financial resilience of MSMEs through financial inclusion and financial decisions parallelly; and 3) a positive effect of financial literacy and digital literacy on financial resilience of MSMEs through financial inclusion and financial decisions serially, but the effect of digital literacy on financial resilience through financial inclusion and financial decisions serially is insignificant. The findings of this research show the crucial role of financial literacy and digital literacy in increasing financial resilience. Financial inclusion and financial decisions mediate the effect of financial literacy and digital literacy on financial resilience.

The present study aims to assess and scrutinize the impact of market power and revenue diversification on the level of Non-Performing Loans (NPL), which serves as an indicator of banking stability, through profitability during the COVID-19 pandemic. The population of interest includes all non-Sharia commercial banking institutions listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. A purposive sampling method was employed, resulting in a total of 264 observations. The data analysis was performed using panel data regression with the assistance of EViews version 10 software. The findings of this research reveal a direct positive and significant influence of market power and revenue diversification on bank profitability, as well as a direct negative and significant impact of market power, revenue diversification, and bank profitability on NPL. A noteworthy result derived from this study is the partial mediating role of profitability in the relationship between market power, revenue diversification, and NPL. Consequently, it is concluded that market power and revenue diversification play a pivotal role in enhancing profitability, mitigating credit risk, and ultimately improving banking stability. This study lends support to the non-structural approach of NEIO (New Empirical Industrial Organization), the Competition Fragility theory, and the Product Portfolio Theory. However, it is important to acknowledge the limitations of this research, such as the focus solely on non-Sharia banking institutions due to their distinct characteristics compared to conventional commercial banks, as well as data constraints.

The objective of this research is to examine the impact of sustainability reporting quality on firm value through investor recognition. This quantitative study investigates the relationship between sustainability reporting quality and firm value, focusing on non-financial sector companies listed on the Indonesia Stock Exchange (IDX) between 2017 and 2020. The sample size for this study was 320. The analysis employed a multivariate approach using a structural equation model (SEM) based on Partial Least Squares (PLS). The research findings demonstrate that the quality of sustainability reporting can increase firm value because investors view the quality of reporting as reflecting sustainable practices that have been implemented properly. Furthermore, the study confirms that sustainability reporting quality positively influences investor recognition. This research contributes empirically by highlighting the mediating role of investor recognition in the relationship between sustainability reporting quality and firm value. This study provides evidence that investor recognition of sustainability reporting quality contributes to an enhancement in firm value from an agency theory and signaling theory perspective.