Financial Sustainability of Small and Medium Scale Issuers, Case Study of Five Issuers on the First Acceleration Board on The Indonesian Stock Exchange

Abstract

Financial sustainability is an increasingly strong issue, at least in public companies and companies supervised by the Financial Services Authority. There is a broader emphasis on risk management, corporate governance, and sustainable methods that strike a balance between short-term financial performance and long-term stability safeguarding tactics. With the facilitation of small and medium scale issuers on the acceleration board, it is necessary to prove whether these small and medium scale issuersve also considered financial sustainability in decision making. The first five issuers listed on the acceleration board have their financial performance calculated using the fundamental indicators regulated in SEOJK No. 16/SEOJK.04/2021 to find out aspects of profitability, liquidity and solvency. The results of the study show that there is a need for decision making that is more insightful into financial sustainability.

Keywords: Financial sustainability, risk management, corporate governance, profitability, liquidity and solvency.