AI-Based Digital Transformation, Esg, And Firm Resilience: Moderating Role Of Islamic Governance In Jakarta Islamic Index

Authors

  • Wahyu Alya Larasati Department of Accounting, Faculty of Economy, Universitas Tidar
  • Savero Darren Fadil Darmawan Department of Accounting, Faculty of Economy, Universitas Tidar
  • Arti Widyaningsih Department of Accounting, Faculty of Economy, Universitas Tidar
  • Alex Johanes Simamora Department of Accounting, Faculty of Economy, Universitas Tidar

Keywords:

AI-based Digital Transformation, ESG, Firm Resilience, Islamic Governance

Abstract

This study aims to examine the effect of AI-based digital transformation and ESG implementation on firm resilience, as well as the moderating role of Islamic governance among firms listed in the JII during the 2022–2024 period. This study employs a quantitative approach using secondary data obtained from annual reports, sustainability reports, and official corporate disclosures. AI-based digital transformation is measured based on AI-related disclosure in corporate reports, ESG implementation is measured using a sustainability disclosure index based on SEOJK No. 16/SEOJK.04/2021, while Islamic governance is measured using the Islamic Ethical Governance Disclosure Index. Firm resilience is measured using a principal component analysis-based index that captures profitability, liquidity, solvency, operational growth, and financial distress avoidance. The findings show that AI-based digital transformation and ESG implementation have positive effects on firm resilience. In addition, Islamic governance strengthens the effects of AI-based digital transformation and ESG implementation on firm resilience. Robustness tests using Altman Z-score, ESG sub-dimensions, and two-stage least squares provide consistent results. This study contributes to the literature by integrating AI-based digital capability, ESG practices, and Islamic governance in explaining firm resilience in the Islamic capital market context. The findings suggest that firm resilience is not only shaped by financial performance, but also by digital readiness, sustainability orientation, and ethical governance based on Islamic values.

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Published

2026-06-17

How to Cite

Larasati, W. A., Darmawan, S. D. F. ., Widyaningsih, A. ., & Simamora, A. J. . (2026). AI-Based Digital Transformation, Esg, And Firm Resilience: Moderating Role Of Islamic Governance In Jakarta Islamic Index. DAS CONFERENCE INTERNATIONAL SERIES, 4, 286–307. Retrieved from https://journal.das-institute.com/index.php/proceeding/article/view/1435

Issue

Vol. 4 (2026): Proceeding International Conference on Global Economic Dynamics

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Articles Proceeding

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Copyright (c) 2026 Wahyu Alya Larasati, Savero Darren Fadil Darmawan, Arti Widyaningsih, Alex Johanes Simamora

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