Owner : Riset dan Jurnal Akuntansi

Financial Independence, Accountability, Transparency, and Their Influence on Local Government Corruption in Sumatra Provinces

2025-11-05T16:47:45+00:00

This study aims to analyze financial performance, accountability, and transparency in reducing corruption practices in Indonesia, particularly in provincial governments on the island of Sumatra. This study uses secondary data, namely Audit Reports (LHP), as well as corruption level data obtained from the Supreme Court website, with a sample of 10 city governments selected based on specific criteria (purposive sampling). A total of 50 observations were made from 2019 to 2023. Financial performance (independence ratio) had a significant effect on the level of corruption with a significance value of 0.0000 (<0.05) and a positive regression coefficient of 30.548, while accountability and transparency did not show a significant effect. This indicates that the higher the financial performance (independence ratio), the higher the level of corruption tends to be. Higher accountability does not necessarily reduce the level of corruption. Transparency of local government financial reports (LKPD) does not affect the level of government corruption

Does Gender Inclusivity Strengthen the ESG-Financial Performance Nexus? Evidence from Indonesian Public Companies

2025-12-13T05:04:22+00:00

The foundation for this study is provided by the growing number of organizations using ESG, the emphasis on sustainability, and the gender inclusivity in governance issue. Using Gender Inclusivity in Governance (GIG) as a moderating variable, this study investigates the relationship between firm financial performance and Environment, Social, and Governance (ESG) performance scores. This study population consists of 948 businesses listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023, based on data from Refinitiv Eikon. Purposive sampling was used to pick the sample, and 44 companies that revealed their ESG scores during that time were selected. According to the study's use of Moderated Regression Analysis (MRA), there is a favorable correlation between ESG scores and corporate financial performance. The association between ESG scores and financial performance, however, is not significantly moderated by the Gender Inclusivity in Governance (GIG). Given that other businesses are seen to be able to improve their financial performance and investor reputation, these findings can be used as guideline for stakeholders to prioritize ESG. The findings of this study will serve as a foundation for further research into additional factors that affect the financial performance of firms and their ESG rankings. This study contributes to ESG literature in emerging markets by providing empirical evidence that gender inclusivity in governance does not necessarily strengthen the ESG–financial performance relationship in Indonesia, highlighting the presence of symbolic governance practices.

Peran Spiritualitas Islam dan Keterlibatan dalam Membentuk Persepsi Etika Mahasiswa

2025-11-13T04:43:27+00:00

Ethical violations in the accounting profession continue to raise global concerns, and universities play a central role in shaping the integrity of future professionals. This study aims to examine the influence of Islamic Spiritual Intelligence (ISI), Love of Money (LOM), and Engagement (ENG) and Accounting Students’ Ethical Perception (ASEP) in Indonesia. Using the framework of Moral Self-Regulation Theory, this research adopts a quantitative approach with an explanatory survey method. Three hundred twenty-two questionnaires were distributed, and 302 valid responses were analysed using Partial Least Squares Structural Equation Modelling (PLS-SEM) with Smart PLS 4.0. The findings show that ISI significantly reduces students' materialistic tendencies (LOM) and enhances their engagement in academic and social activities. ISI also has a direct and indirect effect on students' ethical perceptions. Engagement positively influences ethical perceptions and partially mediates the effects of ISI and LOM. Additionally, the interaction between LOM and ENG negatively impacts ethical perception, indicating that high engagement may buffer the adverse effects of materialism. The study contributes to the literature by highlighting the critical role of spirituality and affective involvement in moral development, especially within Muslim-majority contexts. The findings recommend that higher education institutions integrate spiritual values and student engagement into ethics curricula to promote holistic character education.

Active versus Passive Equity Fund Performance in Indonesia: Evidence from Risk-Adjusted Measures and Manager Fees (2018–2025)

2025-12-18T16:33:58+00:00

This study examines whether actively managed Indonesian equity mutual funds deliver superior net-of-fee, risk-adjusted performance compared to the Jakarta Composite Index (JCI) as a proxy for passive investment. Using a quantitative approach, the analysis covers 119 conventional Indonesian equity mutual funds over the period 2018–2025, encompassing pre-COVID, COVID, and post-COVID market regimes. Risk-adjusted performance is evaluated using the CAPM-based Single Index Model and a matrix of Sharpe ratio, Treynor ratio, and Jensen’s alpha, with non-parametric statistical tests applied to assess performance differentials.

The results indicate that, after fees, active equity mutual funds underperform the JCI benchmark across most performance measures, with median Sharpe ratios and Jensen’s alphas not statistically different from or lower than the benchmark. Evidence of partial market efficiency and widespread closet indexing is observed, while any behavioural mispricing appears insufficient to generate persistent alpha capable of offsetting higher management and expense fees. These findings suggest that active management does not provide significant added value in the Indonesian equity market over the long term. Investors may benefit more from passive investment strategies, while regulators are encouraged to enhance fee transparency and performance disclosure to support informed investment decisions.

Persepsi Akuntan Pajak terhadap Transisi Digitalisasi Perpajakan: Studi Fenomenologi pada Implementasi Coretax

2025-11-11T09:36:53+00:00

The implementation of the Coretax Administration System represents a major stage in the digital transformation of tax administration in Indonesia, aimed at enhancing efficiency, transparency, and tax compliance. However, the initial phase of Coretax implementation has been accompanied by technical disruptions that directly affect professional users of the system. This study aims to explore how tax accountants perceive and make sense of the transition toward digital tax administration through the implementation of Coretax. Using a qualitative phenomenological approach, the study examines the lived experiences of tax accountants who are directly involved in operating the system. Data were collected through semi-structured, in-depth interviews with three tax accountants and analyzed using the NHCEI phenomenological framework (noema, noesis, epoche, and eidetic reduction), combined with thematic analysis. The Slippery Slope Framework was employed as an interpretive conceptual lens to understand perceptions of power and trust toward the tax authority. The findings indicate that Coretax implementation generates an initial adaptation phase requiring substantial technical and procedural adjustment, reshapes work practices toward greater planning and caution, and strengthens perceptions of system-based oversight. Power is experienced through data traceability and limited correction flexibility, while trust develops gradually through procedural clarity and reporting certainty, yet remains contingent on the quality of technical performance. The study concludes that digital tax administration through Coretax reconfigures the relationship between tax accountants and the tax authority, which is experienced through a dynamic interaction between power and trust embedded in everyday professional practice.

Memaknai reliabilitas temuan audit berbasis machine learning: perspektif epistemik auditor dalam praktik audit modern

2025-12-18T17:49:49+00:00

Perkembangan machine learning telah mengubah praktik audit modern dari pendekatan berbasis sampling menuju audit berbasis analitik algoritmik. Meskipun teknologi ini menjanjikan peningkatan efisiensi dan kemampuan deteksi anomali, masih terdapat pertanyaan mendasar mengenai bagaimana auditor memaknai reliabilitas temuan audit yang dihasilkan oleh algoritma, terutama ketika proses pengambilan keputusan sistem bersifat black box. Penelitian ini bertujuan untuk mengkaji bagaimana auditor membangun, menegosiasikan, dan mempertahankan makna reliabilitas temuan audit berbasis machine learning dalam kerangka legitimasi epistemik dan identitas profesional.Penelitian ini menggunakan pendekatan kualitatif dengan metode Interpretative Phenomenological Analysis (IPA) untuk mengeksplorasi pengalaman subjektif auditor dalam berinteraksi dengan temuan audit berbasis algoritma. Data diperoleh melalui wawancara mendalam terhadap delapan auditor dengan latar belakang pengalaman profesional yang beragam, mulai dari auditor junior hingga auditor senior dan manajerial. Analisis dilakukan secara idiografis untuk mengungkap tema-tema interpretatif yang merefleksikan cara auditor memahami, menerima, maupun meragukan reliabilitas hasil algoritma dalam praktik audit. Hasil penelitian menunjukkan bahwa reliabilitas temuan audit berbasis machine learning tidak dipahami auditor semata-mata sebagai akurasi teknis sistem, melainkan sebagai konstruksi makna yang berkaitan erat dengan transparansi epistemik, professional judgment, dan legitimasi peran auditor sebagai pengambil keputusan. Auditor dengan literasi teknologi yang lebih tinggi cenderung memandang algoritma sebagai sarana penguatan legitimasi profesional, sementara auditor berpengalaman mengekspresikan skeptisisme yang berakar pada ketidakpastian epistemik dan perlindungan identitas profesional. Temuan ini mengindikasikan bahwa penerimaan machine learning dalam audit berada pada fase transisi, di mana algoritma diintegrasikan sebagai alat pendukung keputusan, bukan pengganti penilaian profesional. Penelitian ini memperluas literatur algorithmic auditing dengan menegaskan bahwa reliabilitas temuan audit berbasis algoritma merupakan fenomena sosial-epistemik, bukan sekadar persoalan performa teknis. Implikasi penelitian ini menekankan pentingnya pengembangan explainable AI, pembaruan standar audit, serta peningkatan kompetensi auditor agar adopsi machine learning selaras dengan nilai profesional dan akuntabilitas audit.

Reframing Deception: Redefining the Fraud Triangle in the Era of Ethical Governance

2025-11-24T02:51:33+00:00

This study reviews the evolution of the Fraud Triangle Theory (FTT) from 2010 to 2025 and examines how digital transformation and sustainability issues reshape its explanatory relevance. Using the PRISMA 2020 protocol, a Systematic Literature Review was conducted on 26 Scopus-indexed articles. Descriptive, content, and bibliometric analyses were applied to identify publication trends, methodological patterns, and theoretical developments. Results show that 76% of studies used qualitative or mixed methods, while only 24% employed quantitative or data-driven approaches. Research output peaked in 2022 with 12 publications, and the United States, China, and Indonesia accounted for 54% of contributions. Although FTT remains the dominant framework, 31% of studies integrated Agency Theory, Signaling Theory, or Critical Discourse Analysis. Fraud research increasingly addresses digital governance, ESG violations, and greenwashing. These findings position FTT as a dynamic model shaped by ethical, technological, and institutional forces, underscoring the need for hybrid behavior data analytical frameworks.

Dampak Implementasi Sistem Just In Time terhadap Efisiensi Biaya dan Produktivitas Tenaga Kerja pada Usaha Penggilingan Padi Skala UKM (Studi Kasus UD. Suka Kerja)

2026-01-03T03:29:47+00:00

Business competition requires firms to improve productivity and efficiency to remain competitive. One strategy that can be adopted is the Just In Time (JIT) system, which emphasizes demand-based production and inventory minimization. This study analyzes the implementation of JIT and its impact on cost efficiency and labor productivity at UD. Suka Kerja, a small and medium-sized rice milling enterprise. Prior studies on JIT largely focus on large-scale manufacturing firms and operational efficiency, while empirical evidence on partial JIT implementation in SMEs, particularly its implications for labor productivity, cost control, and worker welfare, remains limited. This study employs a qualitative case study approach supported by quantitative performance analysis. Data were collected through observation, interviews, and documentation, and analyzed using the interactive model of Miles, Huberman, and Saldana with triangulation of sources and techniques. The findings indicate that although JIT implementation at UD. Suka Kerja remains partial and transitional, as reflected by residual inventory from previous periods and workflow adjustments, it has contributed positively to operational performance. Total production costs decreased by 1.35%, production cost productivity increased from 0.0000671 kg/IDR to 0.0000714 kg/IDR, and production efficiency reached 104.9% relative to the pre-JIT standard. In addition, working hours were reduced by 27.2%, resulting in a 32% increase in labor productivity. Cost control contributed dominantly to profit growth, accounting for 84.49% of the increase in net profit. However, these performance improvements were accompanied by social trade-offs, particularly reduced working hours and worker income, which affected labor acceptance of the JIT system. The findings suggest that while JIT enhances efficiency and financial performance in SMEs, its successful implementation requires alignment with human resource management policies to ensure balanced outcomes between operational efficiency and worker welfare.

Do Green Banking and ISR Create Firm Value? The Moderating of GCG in Islamic Banks

2025-12-11T01:38:20+00:00

Although sustainability disclosures are increasingly emphasized in Islamic finance, evidence on how environmental and sharia-based social disclosures are associated with firm value remains inconclusive, particularly in emerging markets. Prior studies mostly examine Green Banking Disclosure (GDB) and Islamic Social Reporting (ISR) separately and provide limited insight into the moderating role of corporate governance in Islamic banking. This study explores the relationship between GDB and ISR with firm value and examines the moderating role of Good Corporate Governance (GCG). Using a quantitative explanatory approach, secondary data from Islamic commercial banks listed on the Indonesia Stock Exchange during 2018–2024 are analyzed. Three banks were selected through purposive sampling, resulting in 21 firm-year observations. Data were obtained from annual reports, financial statements, and sustainability reports, and analyzed using multiple linear regression and moderated regression analysis. The results indicate that GDB is negatively associated with firm value, suggesting that environmental disclosure is perceived by the market as a short-term cost. Institutional ownership and independent boards condition and intensify the negative association between GDB and firm value, while audit committees show no moderating role. No governance mechanism moderates the relationship between ISR and firm value. This study contributes by integrating environmental and Islamic social disclosures within a unified framework and highlighting the context-dependent and selective role of corporate governance in shaping sustainability-related value perceptions in Islamic banking.

The Economic Impact of Tourism and Infrastructure Development on Local Community Income: Case Study of Sembalun Tourism Destination

2025-12-24T06:37:49+00:00

ABSTRACT

This study aims to explore the economic impact of tourism development and infrastructure development on the welfare of local communities in Sembalun Village. The research method used is a quantitative approach with a descriptive design. The variables analyzed include tourism economy and infrastructure development as independent variables, and local community income as the dependent variable. Data were collected through a survey using a questionnaire with random sampling technique, with a sample of 100 respondents. The results showed that the tourism economy sector contributed 61.7% to the increase in community income, while infrastructure development contributed 23.3%. Simultaneously, the two variables contributed 47.9% to community income. The findings are expected to contribute to the development of sustainable and equitable tourism policies, as well as provide useful perspectives for stakeholders in formulating tourism and infrastructure-based regional development strategies. Based on the research results, it is imperative for the government and stakeholders to strengthen investment in the tourism sector as well as mutually supportive infrastructure development. Improved facilities and quality of public services, such as accessibility, transportation infrastructure, as well as the development of tourist attractions, will accelerate local economic growth and improve community welfare. Therefore, collaboration between tourism development and infrastructure development is a crucial factor in realizing sustainable and inclusive regional development.

Keywords: Tourism economy, infrastructure development, local community income, Sembalun, economic development

Capital Structure and Firm Value in Consumer Cyclicals: The Weakening Moderating Role of Profitability During Market Volatility 2021-2024

2025-11-25T13:03:43+00:00

This study examines the influence of capital structure, investment decisions, and firm size on firm value, with profitability as a moderating variable. The novelty of this research lies in demonstrating that profitability weakens the relationship between capital structure and firm value, a finding that contrasts with most prior studies, and in employing a Fixed Effect Model (FEM) with Driscoll–Kraay standard errors to address heteroskedasticity. The sample consists of 38 firms selected from 163 consumer cyclical companies listed on the Indonesia Stock Exchange during 2021–2024, resulting in 152 firm year observations. The FEM Driscoll–Kraay results show that capital structure has a positive and significant effect on firm value, indicating that higher leverage can increase market confidence and enhance firm valuation. However, the moderation test reveals that profitability significantly weakens the effect of capital structure on firm value, meaning that when profitability increases, the contribution of leverage to firm value becomes less influential. Meanwhile, investment decisions and firm size do not significantly affect firm value, nor are their relationships moderated by profitability. These findings imply that managers must adjust leverage policies carefully during periods of high profitability, as its value-enhancing impact diminishes, while investors should prioritize analyzing capital structure and profitability as key indicators of firm strength.

Determinants of Carbon Emission Disclosure Among Indonesian SOEs: Empirical Evidence from Firm Size and Leverage Dynamics (2021–2024)

2025-12-02T02:12:54+00:00

This study examines the influence of firm size and leverage on carbon emission disclosure among Indonesian State-Owned Enterprises (SOEs) during the period 2021–2024. Using secondary data obtained from sustainability and annual reports, this research adopts a quantitative associative approach with a sample of nineteen SOEs, resulting in seventy-six firm-year observations. Carbon emission disclosure is measured using a comprehensive index based on the Global Reporting Initiative (GRI) 305 Emissions standard, employing a structured content analysis of thirty-seven disclosure items. Multiple linear regression analysis is conducted after fulfilling classical assumption tests, including normality, multicollinearity, and heteroskedasticity diagnostics. The findings indicate that firm size is positively associated with carbon emission disclosure, suggesting that larger enterprises tend to disclose carbon-related information more extensively. In contrast, leverage is negatively associated with disclosure, indicating that firms with higher debt levels are less inclined to engage in voluntary carbon reporting. These results highlight the joint role of organisational scale and financial structure in shaping environmental transparency. To ensure robustness, additional analyses are performed using alternative variable proxies, winsorisation of extreme values, heteroskedasticity-consistent estimators, extended models with control variables, and panel data specifications. The results remain consistent across alternative estimations. This study addresses a gap in the literature by focusing exclusively on State-Owned Enterprises, which operate under heightened public accountability yet remain underexplored in carbon disclosure research. The key novelty lies in demonstrating that financial constraints, reflected through leverage, constitute a more persistent determinant of carbon emission disclosure than organisational size within publicly owned enterprises. This study is subject to limitations related to its SOE-specific focus and reliance on report-based disclosure data, providing avenues for future research in broader ownership and institutional contexts.

Faktor yang Mempengaruhi Kepuasan Pengguna Coretax dan Dampaknya terhadap Kepatuhan Wajib Pajak Bendahara Pemerintah

2025-10-12T16:40:00+00:00

This research aims to test and analyze the influence of system quality, information quality, and service quality on user satisfaction of CoreTax. Additionally, it examines and analyzes the effect of user satisfaction on taxpayer compliance. This study is a quantitative research with a causal design. The population of this research consists of government treasurer taxpayers. The sample was determined using purposive sampling with the criteria of government taxpayers within the Local Government Work Unit (SKPD) of Tanah Laut Regency who manage taxation using CoreTax namely 96 respondents. This type of data uses primary data through distributing questionnaires to respondents via Google forms. The data analysis method used is Structural Equation Modeling with SmartPLS. The results indicate that system quality and service quality have an impact on user satisfaction of CoreTax. On the other hand, information quality does not affect user satisfaction of CoreTax. Furthermore, user satisfaction does not influence taxpayer compliance. This research provides insights into the need for the development of CoreTax systems and services to support user satisfaction and the need to develop systems and services that support the psychological needs of taxpayers so that the system not only provides satisfaction, but also builds internal motivation to comply.

Kualitas Audit sebagai Pemoderasi: Pengaruh Pengungkapan ESG terhadap Kinerja Keuangan Perusahaan Migas di ASEAN

2025-12-07T16:36:25+00:00

This study examines the impact of ESG disclosures on the financial performance of ASEAN oil and gas companies, with audit quality as a moderating variable, using 130 firm-year observations from ASEAN Xchange-listed firms during 2020–2024 and panel data regression. Addressing the limited empirical evidence on the moderating role of audit quality in the ESG–financial performance relationship within environmentally sensitive industries in emerging ASEAN markets, this study fills an important research gap. The results show that environmental disclosure has a significant negative effect on ROE due to short-term cost burdens, while social and governance disclosures exhibit positive but insignificant effects. Audit quality, measured by multidimensional measurement, using Big4 affiliation, auditor tenure, and auditor opinion, positively moderates the relationship between environmental disclosure and financial performance, but shows no moderating effect for social or governance disclosures. Theoretically, this study contributes to legitimacy and stakeholder theory by demonstrating that the financial consequences of ESG disclosure depend on both disclosure content and the credibility of corporate reporting mechanisms. Practically, the findings suggest that ASEAN oil and gas companies should manage ESG disclosures strategically to avoid short-term cost burdens, while high audit quality enhances credibility, strengthens market trust, especially for environmental disclosures, and can support financing access and long-term financial performance.

E-Commerce Tax: From e-Filing to Coretax (A Bibliometric Analysis)

2025-10-08T10:37:00+00:00

This study aims to map the development of research related to digital taxation in the context of e-commerce through a bibliometric approach and a systematic analysis of the literature, encompassing 538 articles identified from the Crossref database for the period 2010–2025. The results of the study indicate that the research theme has shifted from administrative and legal issues to the dimension of taxpayer behaviour and the adoption of digital tax technologies, such as e-filing and the Coretax Administration System. The analysis using VOSviewer identified three main clusters: administrative technology, behavioural compliance, and policy governance, with dominant keywords including tax compliance, trust, digitalisation, and e-commerce VAT. The integration between the Theory of Planned Behaviour (TPB) and the Technology Acceptance Model (TAM) was identified as a relevant theoretical foundation for explaining digital tax compliance behaviour in the modern era. Practically, the results of this study provide implications for tax authorities and e-commerce industry players to increase trust, transparency, and digital literacy in the implementation of an integrated tax system. This research contributes to enriching the literature on digital taxation in developing countries and recommends further empirical testing of the conceptual model of the Digital Tax Compliance Framework for E-Commerce in Indonesia, aiming to strengthen data-driven tax governance in the digital economy era.

Pengaruh Corporate Social Responsibility terhadap Harga Saham: Peran Moderasi Ukuran Komite Audit pada Badan Usaha Milik Negara(2019-2024)

2025-12-04T18:28:57+00:00

This study aims to assess the extent to which Corporate Social Responsibility (CSR) affects a company's stock price, as well as to examine the role of Good Corporate Governance (GCG) as a moderating variable in this relationship. This study focuses on State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange for the 2019–2024 period. The study population consisted of 70 companies, and sampling was conducted using a purposive sampling method, resulting in 25 companies being included. Based on the results of the model selection test, the appropriate model used in this study is the Random Effects Model (REM). The findings indicate that Corporate Social Responsibility (CSR), with a proxy for the natural logarithm of CSR expenditures, has an impact on stock prices, where increased CSR expenditures provide a positive signal to investors regarding the company's reputation and attractiveness. Furthermore, Good Corporate Governance (GCG), with a proxy for the number of audit committee members, is proven to strengthen the relationship between CSR and stock prices. Audit committees contribute to improving the quality of oversight, transparency, and reporting, thereby strengthening positive investor perceptions. Empirical results show that state-owned companies must pay attention to the size of CSR expenditures to influence share prices and consider the number of audit committees as a factor that can strengthen the relationship between Corporate Governance and share prices.

Corporate Valuation: The Impact of Dividend Governance Interaction with Earnings Performance as a Moderator

2025-10-20T11:10:32+00:00

This paper explores the impact of dividend governance interactions on firms' value and focuses on the moderating effect of Earnings Performance. This study includes government owned banks and national commercial banks quoted in the Indonesia Stock Exchange. This study extends the prior research by investigating the interrelationship among dividend governance interactions, Earnings Performance, and company value. The Price Book Value (PBV) is an empirical discourse of the company book value and the dividend governance interaction is tested for the Dividend Payout Ratio (DPR). The analysis is based on data from the Refinitiv Eikon platform. ROE can act as an indicator of financial performance. A cross sectional analysis of the comparison of government and private banks was done. The findings indicate that dividend governance interaction is more pronounced in government banks compared to private banks. This is a validation of how it is in the environment, how the environment works and what properties it has.

Pengaruh Keberanian Moral dan Modal Psikologis terhadap Efektivitas Audit Internal dengan Budaya Etis sebagai Variabel Moderasi pada Satuan Pengawas Internal PTN BLU di Indonesia

2025-12-16T08:46:49+00:00

This study examines the influence of moral courage and psychological capital on internal audit effectiveness and investigates the moderating role of ethical culture within the Internal Audit Units (SPI) of Public Service Agency State Universities (PTN BLU) in Indonesia. Drawing on Social Cognitive Theory, this study conceptualizes moral courage and psychological capital as personal factors, while ethical culture represents an environmental factor that may shape auditors’ professional behavior. Using a quantitative approach, primary data were collected through a structured questionnaire distributed to all SPI members of 53 PTN BLU across Indonesia. A saturated sampling (census) technique was employed, resulting in 184 valid responses. Data were analyzed using Structural Equation Modeling Partial Least Squares (SEM PLS) with SmartPLS 4. The results indicate that moral courage has a positive and significant effect on internal audit effectiveness, suggesting that auditors who uphold ethical principles and demonstrate moral firmness are more capable of conducting objective and high-quality audits. Psychological capital also shows a positive and significant effect on internal audit effectiveness, confirming that self-efficacy, optimism, hope, and resilience enhance auditors’ ability to perform under pressure. However, ethical culture does not moderate the relationship between moral courage and internal audit effectiveness, indicating that moral courage functions as an intrinsic personal attribute that operates relatively independently of organizational context. In contrast, ethical culture significantly strengthens the relationship between psychological capital and internal audit effectiveness, highlighting the importance of an ethical work environment in optimizing auditors’ psychological resources.This study contributes by extending the internal audit literature through an integrated examination of moral courage and psychological capital within a public higher education context, an area that remains underexplored. It also advances Social Cognitive Theory by demonstrating the differentiated moderating role of ethical culture on personal psychological resources versus moral attributes. Practically, the findings provide insights for PTN BLU management to enhance internal audit effectiveness through the development of auditors’ psychological capital supported by a consistently internalized ethical culture.

Environmental Management Accounting Disclosure and Market Valuation: A Critical Analysis of ESG Performance Impact on Stock Price Volatility in Indonesia Stock Exchange Listed Companies

2025-10-29T17:38:24+00:00

Purpose: This research investigates the relationship between Environmental Management Accounting (EMA) disclosure quality and market valuation, specifically examining how ESG performance mediates the impact on stock price volatility among Indonesia Stock Exchange (IDX) listed companies. The study explores how comprehensive environmental accounting disclosures influence investor behavior and market dynamics within emerging capital markets.

Method: This study employs a quantitative approach using panel data regression analysis with fixed effects modeling. The research sample comprises 180 IDX-listed companies across various sectors from 2019-2023, generating 900 firm-year observations. Data analysis was conducted using STATA 18.0 to examine the relationships between EMA disclosure quality, ESG performance, and stock price volatility while controlling for firm-specific characteristics and market conditions.

Findings: The results demonstrate that EMA disclosure quality significantly reduces stock price volatility (? = -0.428, p < 0.001) and enhances ESG performance scores (? = 0.634, p < 0.001). ESG performance serves as a partial mediator, explaining 42.7% of the total effect of EMA disclosure on stock price volatility. The model explains 58.4% of stock price volatility variance, indicating strong explanatory power of environmental accounting disclosures in market valuation dynamics.

Novelty: This study provides the first comprehensive empirical evidence linking environmental management accounting disclosure practices with capital market outcomes in an emerging market context. The research contributes to the literature by demonstrating how environmental accounting transparency creates value through reduced information asymmetry and enhanced ESG performance, ultimately stabilizing stock price movements.

The Role of Cash, Receivables, and Inventory Turnover in Driving Profitability in Food and Beverage Manufacturing Firms

2025-12-10T07:51:43+00:00

This study investigates the effect of cash turnover, receivables turnover, and inventory turnover on the profitability of food and beverage manufacturing companies listed on the Indonesia Stock Exchange during 2021–2023. The research aims to evaluate how working capital efficiency contributes to firms’ financial performance in a sector characterized by rapid production cycles and high inventory mobility. A quantitative approach was employed using purposive sampling, resulting in 36 firm-year observations. Descriptive statistics, classical assumption tests, multiple linear regression, t-tests, F-tests, and the coefficient of determination were applied to analyze the relationships among variables. The results show substantial variation in working capital indicators and profitability across firms. Cash turnover demonstrates no significant effect on profitability, reflecting the stability of operational cycles in the industry and the stronger influence of production efficiency and cost management. In contrast, receivables turnover exhibits a significant positive impact, indicating that faster collection enhances liquidity and supports improved earnings. Inventory turnover also shows a significant positive effect, suggesting that efficient inventory management reduces holding costs, enhances sales performance, and strengthens cash flows. The simultaneous analysis confirms that cash turnover, receivables turnover, and inventory turnover collectively influence profitability, highlighting the strategic importance of integrated working capital management. Overall, the findings emphasize that receivables and inventory efficiency are critical drivers of profitability, while cash turnover plays a less direct role. This study contributes to the literature by providing empirical evidence from the Indonesian food and beverage manufacturing subsector and underscores the need for firms to optimize working capital components to sustain financial performance. The results also imply that broader operational and market factors should be considered in future research.

Peran Profitabilitas dalam Memoderasi Hubungan antara Intensitas Aset Biologis dan Pengungkapan: Analisis Implementasi PSAK 69 di Indonesia

2025-11-10T17:50:13+00:00

Penelitian ini bertujuan untuk mengkaji sejauh mana intensitas aset biologis dan profitabilitas memengaruhi tingkat pengungkapan aset biologis, serta menilai apakah profitabilitas memperkuat hubungan tersebut pada perusahaan sektor pertanian yang tercatat di Bursa Efek Indonesia (BEI). Pendekatan yang digunakan adalah kuantitatif eksplanatori, dengan metode analisis Partial Least Squares (PLS) untuk menguji hubungan antarvariabel secara simultan. Sampel penelitian mencakup 17 perusahaan selama periode tiga tahun, yang dipilih menggunakan purposive sampling berdasarkan keterlibatan dalam subsektor pertanian dan kepemilikan aset biologis yang material dalam laporan keuangannya. Hasil analisis menunjukkan bahwa profitabilitas memiliki pengaruh signifikan terhadap tingkat pengungkapan aset biologis, sedangkan intensitas aset biologis dan peran moderasi profitabilitas tidak menunjukkan pengaruh berarti. Temuan ini memperkuat pandangan Political Cost Hypothesis dan Agency Theory, bahwa keputusan pengungkapan perusahaan lebih banyak didorong oleh keinginan untuk mengurangi tekanan politik dan konflik agensi daripada sekadar memenuhi tuntutan legitimasi. Secara teoretis, penelitian ini memperkaya literatur tentang penerapan PSAK 69 di Indonesia. Sementara secara praktis, hasilnya mendorong perusahaan agrikultur untuk memperluas praktik pengungkapan aset biologis sebagai strategi membangun transparansi, legitimasi sosial, dan akuntabilitas publik.

Analisis Determinan Opini Audit Going Concern: Peran Komite Audit, Kualitas Audit, dan Debt to Asset Ratio pada Perusahaan Industri Dasar dan Kimia di BEI Periode 2020–2023

2025-12-13T04:48:18+00:00

Isu going concern tetap krusial pascapandemi ketika perusahaan menghadapi tekanan likuiditas dan volatilitas biaya input. Artikel ini menganalisis determinan opini audit going concern dengan menelaah peran komite audit, kualitas audit (afiliansi Big Four), serta debt-to-asset ratio (DAR) pada perusahaan industri dasar dan kimia di Bursa Efek Indonesia periode 2020–2023. Desain penelitian kuantitatif kausal-komparatif digunakan dengan regresi logistik biner karena variabel dependen bersifat dikotom (GC = 1; non-GC = 0). Sampel terdiri dari 45 perusahaan (purposive sampling) dengan sumber data dari laporan keuangan auditan dan annual report. Hasil utama menunjukkan bahwa DAR berasosiasi positif dan signifikan terhadap probabilitas penerbitan opini going concern (? = 3,476; Sig. = 0,018), sedangkan komite audit dan kualitas audit memiliki asosiasi yang tidak signifikan. Nilai Nagelkerke R² = 0,421 dan Hosmer–Lemeshow Sig. = 0,672 menandakan kecukupan goodness-of-fit. Temuan menegaskan dominasi indikator solvabilitas dibandingkan mekanisme tata kelola atau reputasi auditor pada konteks sektor padat modal. Implikasi kebijakan mencakup kebutuhan penguatan struktur modal, aktivasi komite audit yang substantif, dan peningkatan independensi auditor dalam konteks standar SA 570.

Pengaruh Risiko Litigasi, Ukuran KAP dan Leverage Terhadap Konservatisme Akuntansi (Studi Kasus Pada Perusahaan Sektor Energi)

2025-11-06T14:10:03+00:00

This study examines the effect of litigation risk, the size of public accounting firms, and leverage on accounting conservatism in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. The energy sector has unique characteristics, such as high regulatory pressure, environmental risk, and long-term financing complexity, which make the application of conservative accounting especially relevant. Accounting conservatism is used as a prudential mechanism to mitigate information asymmetry, legal exposure, debt covenant violations, and agency conflicts. This study employs a quantitative approach using secondary data from annual and sustainability reports, with a total of 275 firm-year observations selected through purposive sampling. Panel data regression using the Fixed Effect Model (FEM) was applied after conducting model selection tests. The results show that litigation risk and leverage have a positive and significant effect on accounting conservatism, indicating that companies facing high legal exposure and debt obligations tend to adopt more conservative reporting practices. Conversely, the size of public accounting firms does not significantly influence accounting conservatism, suggesting that conservatism in the energy sector is more driven by regulatory and contractual pressures than by auditor reputation.

Reinterpretasi Profitabilitas sebagai Sinyal Financial Distress: Peran Faktor Makroekonomi pada Perusahaan Sektor Keuangan Indonesia

2025-12-18T17:33:48+00:00

Financial distress is the first signal before a company goes bankrupt. This research is very important because it was conducted in the 2019-2023 period, which is the transition period from a pandemic crisis to an economic recovery full of uncertainty (crisis context). Although there is a lot of research on this topic, there is still a gap on whether traditional economic indicators still accurately predict risks in the financial sector when the world is in turmoil. This study examines the influence of exchange rates, inflation, and profitability on financial distress (Altman Z-Score) in 11 financial sector companies on the Indonesia Stock Exchange. The results of the study show an unusual finding: exchange rates, inflation, and even profitability have no effect on financial distress. This indicates an anomaly, where indicators that are usually very decisive do not become a direct threat to the financial sector during this period. These results show that the financial sector has strong resilience thanks to strict regulatory oversight. For investors and managers, these findings provide a lesson that in a crisis situation, profitability alone is not enough to assess risk, a deeper analysis of the company's internal policies and regulatory compliance is needed.

Mengungkap Akar Terjadinya Korupsi Pada Belanja Pemerintah Daerah Di Provinsi Sulawesi Tengah

2025-11-21T18:19:24+00:00

This study aims to explore the root causes of corruption in regional government spending in Central Sulawesi Province by highlighting the relationship between electoral politics, bureaucracy, and law enforcement. Although the number of corruption cases decreased from 13 in 2023 to 11 in 2024, the value of state losses increased from IDR 12.5 billion to IDR 39.3 billion. This condition indicates that corrupt practices in the region are increasingly structured and have a significant impact on governance. This study used qualitative methods based on secondary data. The results show that corruption in Central Sulawesi is a systemic process that begins with expensive electoral politics, bureaucratic consolidation through the buying and selling of positions, the exploitation of public projects as a source of rent, the co-option of law enforcement officers as a shield of power, to the practice of extortion, weak oversight, and the emergence of intimidation and impunity. Overall, the findings indicate the formation of a corrupt ecosystem that reproduces itself through the exchange of money, positions, and legal protection. Theoretically, this study broadens understanding of corrupt behavior in the regional bureaucracy, while practically, it provides recommendations for supervisory institutions to strengthen risk-based control systems and protection for corruption whistleblowers.

Literasi Fintech, Kompetensi Digital, dan Minat Karir Auditor Digital: Pendekatan Theory of Planned Behavior pada Mahasiswa Akuntansi

2025-12-19T17:44:02+00:00

The rapid digitalization of the accounting and auditing profession has increased demand for digitally skilled auditors, particularly those capable of operating in FinTech-driven environments. This study examines the simultaneous and partial effects of FinTech literacy and digital competency on students’ interest in pursuing a career as a digital auditor, drawing on the Theory of Planned Behavior (TPB) as the underlying theoretical framework. Using a quantitative approach, data were collected from undergraduate accounting students and analyzed using multiple linear regression with SPSS. The results of the F-test indicate that FinTech literacy and digital competency jointly have a significant effect on students’ interest in the digital auditor profession. However, partial testing reveals that both FinTech literacy and digital competency exhibit a negative and significant individual effect on career interest. These findings suggest that higher levels of knowledge and digital skills may simultaneously increase awareness of professional risks, technological complexity, and job demands associated with digital auditing, which in turn can reduce career interest. The results align with TPB by indicating that perceived behavioral control and attitude toward the profession may be shaped not only by competence but also by perceived difficulty and risk. This study contributes to the literature by highlighting the paradoxical role of digital competence and FinTech literacy in career intention formation and provides practical implications for accounting education in designing curricula that balance skill development with career orientation and risk awareness. This study contributes to the literature on digital audit career intentions by demonstrating that advanced digital capabilities may generate ambivalent effects on career interest, particularly through heightened risk perception and job demands. From a practical perspective, the findings imply that accounting curricula and audit education should not only strengthen digital and FinTech competencies but also address career orientation, professional readiness, and realistic perceptions of digital audit work.

Leadership Styles and Employee Performance: A Systematic Literature Review of Empirical Studies (2020-2025)

2025-11-22T10:23:45+00:00

This systematic literature review comprehensively analyzes the relationship between leadership styles and employee performance based on empirical evidence from 2020-2025. The research population comprises employees and leaders across various organizational sectors including education, healthcare, and industry. Using the PRISMA framework with purposive sampling technique, the selection process from an initial pool of 500 studies identified through database searches yielded 14 high-quality empirical studies as the final sample that met the inclusion criteria. The methodology employed systematic literature review with rigorous quality assessment and analysis. Key findings reveal that the relationship between leadership styles and employee performance is predominantly positive and significant, with three distinct patterns emerging. The majority of studies (8 studies) demonstrated dominant positive influence from transformational and servant leadership, while several studies (3 studies) showed positive but non-dominant influence where organizational factors outweighed leadership effects. Notably, no studies found significant negative impacts from constructive leadership styles. Furthermore, the relationship was frequently mediated by variables including ethical organizational culture, knowledge sharing, and job security. In conclusion, this systematic review substantiates that adaptive, empowerment-focused leadership serves as a crucial driver of employee performance, offering substantial practical value for organizations to develop evidence-based, contextual leadership strategies that foster work environments conducive to sustained productivity and organizational excellence in the modern business landscape.

QRIS Dan Fenomena Cashless Society: Efisiensi Pembayaran Digital Terhadap Perspektif Gen Z

2025-12-22T15:08:35+00:00

This study aims to analyze the efficiency level of the QRIS (Quick Response Code Indonesian Standard) digital payment system from the perspective of Generation Z in Medan. The four main indicators measured were transaction speed, ease of use, transaction costs, and system convenience and reliability. This study used a descriptive quantitative approach with 100 active QRIS user respondents. The analysis results showed that QRIS had an overall efficiency level of 79.85%, categorized as "Moderate" according to Tenriajeng's (2003) classification. Transaction speed (83.4%) and ease of use (83.6%) were the most efficient aspects, while transaction costs and system convenience and reliability (76.2%) still need improvement. Theoretically, these findings reinforce the relevance of the Technology Acceptance Model (TAM) and the Bank for International Settlements' concept of payment system efficiency, which emphasizes that perceptions of speed, convenience, and reliability are key factors in the acceptance of digital financial technology. In practice, QRIS has played a significant role in accelerating the transformation toward a cashless society, although improvements in system stability, digital infrastructure, and customer service are still needed to achieve optimal efficiency and strengthen national financial inclusion.

Pengaruh Love of Money, Machiavellianisme dan Penalaran Moral terhadap Persepsi Etis Mahasiswa Akuntansi dengan Sensitivitas Etis sebagai variabel Moderasi

2025-11-26T15:58:02+00:00

This study aims to examine and analyze the effect of love of money, Machiavellianism, and moral reasoning on accounting students’ ethical perceptions, with ethical sensitivity as a moderating variable. The research involved 90 respondents. Data were collected through questionnaires distributed to accounting students of the 2021 cohort at Khairun University using a five-point Likert scale via Google Forms. The data were analyzed using a quantitative approach with Partial Least Squares–Structural Equation Modeling (PLS-SEM) through SmartPLS 4 software. The results indicate that love of money and Machiavellianism have no significant effect on accounting students’ ethical perceptions. In contrast, moral reasoning has a positive and significant effect on ethical perceptions. Furthermore, the findings reveal that ethical sensitivity does not moderate the relationship between love of money, Machiavellianism, and moral reasoning on accounting students’ ethical perceptions.

The Influence of Board Characteristics on Carbon Emission Disclosure in Indonesia and Malaysia

2025-12-26T18:35:49+00:00

The primary objective of this research is to investigate the extent to which specific attributes of the board of directors affect Carbon Emission Disclosure (CED) practices within energy firms across Indonesia and Malaysia. The research population comprises all energy companies listed on the Indonesia Stock Exchange and Bursa Malaysia during the period 2022–2024. Using a purposive sampling method, the samples were selected based on specific criteria, primarily the accessibility of sustainability and annual reports and the completeness of the data required for the analysis, resulting in 119 firm-year observations. This study adopts a quantitative approach and employs multiple linear regression to analyze the effects of foreign board members, female board members, board expertise, and board educational background on CED. Data analysis was conducted using SPSS version 24, preceded by descriptive statistics and classical assumption tests. The results indicate that board characteristics jointly have a significant effect on Carbon Emission Disclosure. To some extent, female board members, board expertise, and board educational background have a positive and significant influence on the depth and measurability of carbon emission disclosure. In contrast, the presence of foreign board members shows a positive but insignificant effect on CED. These findings imply that variations in Carbon Emission Disclosure are more strongly driven by board attributes closely related to monitoring capacity and internal reporting processes. This study concludes that strengthening internal board characteristics is crucial for enhancing the quality of Carbon Emission Disclosure in energy-sector companies in Indonesia and Malaysia.

Pengaruh Foreign Ownership terhadap Transfer Pricing dengan Implikasi terhadap Tax Avoidance (LQ45 2018-2023)

2025-12-23T09:28:07+00:00

This study uses a quantitative approach focusing on companies listed on the Indonesia Stock Exchange that are part of the LQ45 Index between 2018-2023. The sample selection uses purposive sampling. Data comes from secondary sources, found on idx.co.id. This study combines path analysis and panel data, testing using EViews 13. This study uses a robustness test to measure the robustness of the data from the research results. Structure I selected the Random Effect Model (REM), and structure II used the Common Effect Model (CEM). The results show that foreign ownership has a negative effect on transfer pricing, with a t-prob value of 0.0000 < 0.05 and a coefficient of -0.3788. Similarly, foreign ownership has a negative effect on tax avoidance, with a t-prob value of 0.0000 < 0.05 and a coefficient of -0.0255. However, transfer pricing has no effect on tax avoidance, as the t-prob. value of 0.2020 > 0.05. The Sobel test results show a value of 1.2476 < 1.96, indicating that transfer pricing does not act as a mediator between foreign ownership and tax avoidance. From a theoretical perspective, these results suggest that foreign ownership serves as a control mechanism that helps reduce aggressive transfer pricing for tax avoidance. The negative effect of transfer pricing on tax avoidance implies that transfer pricing policies are more related to operational efficiency than exploiting tax opportunities. The Sobel test results also support the idea that the relationship between foreign investors and tax authorities is not affected by transfer pricing policies.

Pengaruh Penghindaran Pajak terhadap Risiko Penurunan Harga Saham dengan Kinerja Keberlanjutan sebagai Variabel Moderasi

2025-11-11T03:35:01+00:00

Negative news concerning a company often incentivizes its managers to sell their shares due to a loss of market confidence and pressure. Large-scale, synchronized share selling can potentially cause the stock price to decline further, resulting in a stock price crash risk driven by negative market sentiment. The purpose of this study is to analyze the effect of tax avoidance on stock price crash risk and to examine whether the moderation of sustainability performance (ESG) influences this relationship, addressing a current research gap in the literature. Method: The data utilized in this research consists of non-financial firms listed on the Indonesia Stock Exchange (IDX) over the period 2018 to 2023. Data was primarily sourced from Thomson Reuters. Due to the nature of the data, the study employed unbalanced panel data, resulting in a final sample of 156 firm-year observations. The hypothesis testing was conducted using the Fixed Effect Model (FEM) panel data regression. Result: The empirical results indicate that tax avoidance is not significantly related to stock price crash risk. Furthermore, the moderation of sustainability disclosure is not proven to affect the relationship between tax avoidance and stock price crash risk. Discussion: This study provides the first empirical evidence from Indonesia combining and testing the relationship among tax avoidance, ESG performance, and stock price crash risk. The lack of significant findings suggests that sustainability disclosure in the Indonesian context may not yet serve as a credible signal for investors to effectively mitigate the risks of information opacity associated with tax avoidance practices.

Dinamika Kebijakan Dividen Pasca-Pandemi: Studi Empiris pada Perusahaan Manufaktur di Indonesia

2025-12-06T04:08:02+00:00

This study examines the dynamics of dividend policy in manufacturing companies listed on the Indonesia Stock Exchange during the post-pandemic period of 2020–2024. Using panel data regression analysis, 40 manufacturing firms were selected through purposive sampling and analyzed using Eviews 12 software. Empirical evidence on corporate dividend policy behaviour in the post-pandemic period, particularly in developing countries, is still limited and shows inconsistent results. The results show that leverage and profitability have a negative and significant effect on dividend policy. This finding contradicts the signalling theory perspective and is important because it indicates that in the post-pandemic period, manufacturing companies in Indonesia prioritise profit retention to strengthen financial resilience and support reinvestment rather than using dividends as a performance signal. Furthermore, the negative and significant influence of leverage indicates that the higher a company's dependence on debt-based financing, the more limited its ability to distribute dividends to shareholders. Meanwhile, collateral assets, free cash flow, and investment opportunity set did not show a significant influence. The main contribution of this study lies in confirming that the relationship between profitability and dividend policy is contextual and not universal, especially in post-crisis emerging markets. In practical terms, the results of this study have implications for investor and company managers in evaluating the sustainability of dividends in uncertain economic conditions.

Efektivitas Dewan Komisaris dalam Memoderasi Hubungan Financial Distress dan Ukuran Perusahaan Terhadap Manajemen Laba

2025-10-15T03:44:06+00:00

The aim of this study is to show the impact of financial difficulties and bussines scale on profit management, by including measurements on the commission’s board as a moderation variable. Abuse in financial reporting that occurs in several companies is the background for the significance of this research, from the context of corporate transparency and accountability in Indonesia. This research was conducted in the food and drink industry for the period 2022–2024 listed on the IDX. There were 95 populations and 105 selected samples. This study uses Eviews 12 and Moderated Regression Analysis (MRA) software. Analysis of data was performed using regression analysis of panel data utilizing a common effect model (CEM) approach. The research results indicated that financial difficulties, firm size, and commissioners’ board lacked a major impact on profit control method. Furthermore, the size of commissioners’ board has also been shown not to play a role as a moderator on financial difficulties and the company size towards profit management. These findings suggest that the quantity of members of the commissioners’ board, the extent of the firm's assets, and financial pressures are not the main determinants in managers' decisions to manipulate profits. The assessment makes an important contribution to strengthening corporate governance standards and accounting practices, along with a source for investors and regulators in assessing aspects that impact the dependability and precision of financial statements.

Pengaruh Pengungkapan Lingkungan, Sosial, dan Tatakelola (ESG) dan Green Accounting terhadap Nilai Perusahaan

2025-12-04T02:59:04+00:00

Sustainability aspects are increasingly emphasized in modern business practices, including among companies listed on the Indonesia Stock Exchange. This development has been well supported by the launch of the ESG Leaders Index, which consists of 30 companies with strong sustainability performance. The implementation of Environmental, Social, and Governance (ESG) practices and green accounting not only serves as compliance with regulatory requirements but also acts as a signal to investors regarding a company’s commitment to sustainability. This study aims to analyze the influence of ESG Disclosure (Environmental, Social, and Governance), as well as green accounting, on firm value among companies included in the ESG Leaders Index for the 2022–2024 period. A quantitative approach is employed using panel data regression with the Fixed Effect Model with GLS cross-section transformation. The results reveal that environmental disclosure has a significant negative effect on firm value, social disclosure has a significant positive effect on firm value, governance disclosure has a significant positive effect on firm value, and green accounting shows no significant effect on firm value. These findings indicate that investors have begun to incorporate sustainability aspects as an important consideration when making investment decisions.

How ESG Disclosure Shapes Financial Resilience and Market Value of Indonesian Banks?

2025-10-08T10:37:51+00:00

The purpose of this study is to investigate the impact of ESG Disclosure on business financial performance, as measured by Return on Assets (ROA), Price to Book Value (PBV), and Return on Equity (ROE). The study’s population comprises all banking companies that were listed on the Indonesia Stock Exchange (IDX) during the 2021–2022 period. The sample was selected using a purposive sampling technique based on the criteria of Sustainability Report availability and complete financial data, yielding a total of 92 panel data observations. The research method is quantitative, utilizing Pearson correlation and simple regression analysis. The results show that ESG Disclosure has a beneficial and statistically significant impact on ROE (p = 0. 0164), but not on ROA (p = 0.1161) or PBV (p = 0. 3187). These findings indicate that the financial impact of ESG disclosure is selective, where the benefits are more evident in shareholder-oriented performance rather than in asset efficiency or market valuation. The results highlight the importance of ESG transparency for enhancing investor confidence and sustainable financial growth in the Indonesian banking sector. These findings provide valuable insights for regulators and policymakers to strengthen ESG reporting standards and for investors to integrate sustainability information into financial decision-making.

Integrasi Nilai Religius dan Teori Agensi dalam Akuntabilitas Pengelolaan Dana Desa di Indonesia: Sebuah Kajian Sistematis (Systematic Literature Review 2015-2025)

2025-12-04T18:33:50+00:00

The management of village funds in Indonesia continues to face significant challenges related to accountability and transparency, as highlighted by repeated findings from the Audit Board of Indonesia (BPK) and the Corruption Eradication Commission (KPK). This study aimed to explore how the integration of religious values within the agency theory framework can strengthen accountability mechanisms and mitigate agency conflicts in village fund management. The results of this systematic literature review (SLR) indicate that religious values such as honesty, trustworthiness (amanah), and spiritual responsibility play a critical role in reinforcing public trust in village governance. These values function as internalized moral standards that limit opportunistic behavior through self-regulation and reduce moral hazard. By embedding such values into the agency framework, village officials are not solely guided by formal control mechanisms, such as regulations, audits, and reporting systems, but also by moral accountability derived from religious and cultural norms. The proposed Moral Accountability Model conceptualizes this dual-control system, aligning formal institutional oversight with informal moral guidance. This model suggests that sustainable accountability is achieved not merely through external enforcement but also through internalized ethical awareness, which fosters holistic, ethical, and legitimate governance. The integration of religiosity into agency mechanisms provides a practical pathway to reduce agency costs and enhance governance quality, particularly in contexts where formal monitoring may be limited or ineffective. Furthermore, the evidence mapping across 22 national and international studies (2015–2025) demonstrates consistent support for the role of moral-religious values in improving transparency, trust, and responsible decision-making. These findings highlight the necessity of harmonizing formal regulatory frameworks with culturally embedded moral norms to achieve accountable and sustainable village fund management. The study contributes theoretically by extending agency theory into the moral-religious domain and practically by offering a model that can guide policymakers and local governments in enhancing governance outcomes.

Firm Size as a Moderator in the Relationship Between Leverage, Cash Flow, Profitability, and Cash Holding: Evidence from Indonesia’s Food and Beverage Sector

2025-10-20T11:11:49+00:00

Cash holding plays a crucial role in maintaining corporate liquidity and financial flexibility, especially in capital-intensive industries such as food and beverage manufacturing. This study examines whether firm size moderates the relationship between leverage, cash flow, and profitability on cash holding in companies listed on the Indonesia Stock Exchange (IDX) during 2018–2022. The research employed a purposive sampling method, yielding 18 companies (57 firm-year observations). Data were analyzed using Ordinary Least Squares (OLS) and Moderated Regression Analysis (MRA) with SPSS 26. The results show that leverage (t = 3.217; p < 0.01) and cash flow (t = 2.948; p < 0.01) have a significant positive effect on cash holding, while profitability (t = 0.842; p > 0.05) has no significant impact. The R² value of 0.623 indicates that the independent variables explain 62.3% of the variation in cash holding. Furthermore, firm size significantly moderates the effects of leverage and cash flow, but does not moderate the relationship between profitability and cash holding. These findings highlight that larger firms tend to manage cash more effectively when facing leverage pressure or high cash flow, strengthening the understanding of liquidity management behavior in Indonesia’s manufacturing sector.

Transformasi Digital Perbankan: Analisis Minat dan Persepsi Gen X Terhadap Penggunaan Mobile Banking di Era Cashless Society

2025-12-10T06:05:25+00:00

This study aims to understand Generation X's interests and perceptions of mobile banking in the cashless society era. The method used was descriptive qualitative, involving 10 informants aged 45–60 years in Medan who are mobile banking users. Data were collected through in-depth interviews and then analyzed using thematic analysis, encompassing data reduction, data presentation, and conclusion drawing. The analysis results indicate that informants' interest in continuing to use mobile banking is high. This interest is driven not only by technical convenience, but also by repeated positive experiences, a sense of security in the system, and a desire to try new features. Support for security features such as OTP, biometric verification, and PIN further strengthens their level of trust in the application. The perception analysis results indicate that most informants experienced doubt and confusion at the beginning of use. However, as usage increased, these perceptions changed to become more positive. The simple interface, assistance from family members (especially children who are more tech-savvy), and successful transactions convinced them that the application was easy to use (perceived ease of use) and useful (perceived usefulness).

Accounting Based Determinants of Stock Prices in LQ45 IDX Firms

2025-10-29T18:45:58+00:00

Stock prices reflect the market’s assessment of a company’s value and are influenced by fundamental factors, including capital structure, firm size, and profitability. The LQ45 Index represents companies with high liquidity and large market capitalization on the Indonesia Stock Exchange (IDX), making it important to understand the determinants of stock prices during the post-COVID-19 recovery period (2020–2024). This study aims to analyze the effect of the Debt to Equity Ratio (DER), Debt to Asset Ratio (DAR), firm size (SIZE), and Return on Assets (ROA) on the stock prices of LQ45 companies listed on the IDX during 2020–2024. Using a quantitative approach with panel data regression and a fixed effect model, the sample consists of 29 LQ45 companies consistently listed during the study period, yielding 145 firm-year observations. Data were obtained from annual financial reports and analyzed using EViews 13. The results indicate that DER has a positive but insignificant effect on stock prices (? = 0.457, p = 0.0539), DAR has a significantly negative effect (? = –8.235, p = 0.0188), while SIZE (? = 1.568, p = 0.0001) and ROA (? = 45.679, p = 0.0000) both have significantly positive effects. Profitability (ROA) is identified as the most dominant determinant of LQ45 companies’ stock prices, followed by firm size and capital structure (DAR). This study has theoretical implications for strengthening capital market research and opens opportunities for future studies to incorporate new variables, expand the temporal scope, or compare different stock indices to generate more comprehensive insights. Moreover, these findings provide valuable insights for investors and corporate management regarding the factors driving stock valuation in Indonesia’s premier equity index during the post-pandemic era.

Moderasi Opini Audit pada Pengaruh Ketergantungan dan Kemandirian Daerah terhadap Pengungkapan LKPD Indonesia 2020–2023

2025-12-18T17:48:41+00:00

Transparency and accountability of regional finances are crucial elements of good governance. However, the level of mandatory disclosure in the Regional Government Financial Report (LKPD) has not yet reached 100%. One factor that can influence the level of disclosure is the level of regional dependence and independence in financial management. This study aims to examine the effect of regional dependence and independence on the level of mandatory disclosure in the LKPD, with audit opinion as a moderating variable. Audit opinion plays a crucial role in assessing the quality of financial reports and can strengthen or weaken the relationship between regional dependence and independence and LKPD disclosure. The research method used in this study was purposive sampling with a total sample of 136. The results show that regional independence has a significant positive effect, while the level of dependence does not directly affect disclosure. Audit opinion has been shown to moderate both relationships. This study is expected to provide academic contributions in the field of public sector accounting auditing and provide consideration for regional governments in improving regional financial transparency and accountability.

Assessing Technical, Cognitive, and Psychological Readiness of Prospective Auditors in the Era of Artificial Intelligence

2025-11-01T16:10:39+00:00

This study aims to analyze the influence of prospective auditors' readiness to face the era of Artificial Intelligence (AI), viewed from three dimensions: Technical Readiness, Cognitive Readiness, and Psychological Readiness. The research uses a quantitative approach with a survey method applied to 100 accounting students from various universities in Indonesia who have completed an auditing course. The data was analyzed using multiple linear regression with the help of SPSS version 16. The research findings indicate that all three dimensions of readiness Technical Readiness, Cognitive Readiness, and Psychological Readiness have a significant positive impact on AI acceptance. Together, these three variables are able to explain 45.3% of the variation in AI acceptance. This finding confirms that the readiness of prospective auditors is multidimensional, with the psychological aspect being the most dominant factor, followed by the cognitive and technical aspects. The implications of this research emphasize the importance of developing an accounting curriculum that not only focuses on technical skills but also builds AI literacy, critical thinking, and students' confidence in collaborating with AI technology.

Pre- and Post-M&A Financial Performance of Upstream Oil and Gas: Indonesia, Malaysia, Thailand

2025-12-18T16:44:17+00:00

The upstream oil and gas sector is experiencing intensifying pressures on firms and policymakers due to resource depletion, price volatility, and the global energy transition. In this environment, mergers and acquisitions (M&A) are widely pursued as strategic tools for portfolio optimization and reserve replacement. Therefore, it is necessary to empirically examine whether M&A activities generate significant improvements in the financial performance of acquiring firms in the upstream oil and gas industry. This study investigates whether M&A improves the firm-level financial performance of acquiring firms in the upstream oil and gas sector across Indonesia, Malaysia, and Thailand. It evaluates post-merger changes in profitability, liquidity, solvency, and shareholder value, offering comparative insights into whether M&A delivers measurable financial benefits for acquiring firms operating in the region’s capital-intensive energy industry. The study applies a structured pre–post event design using a six-year observation window, comparing three years of financial ratios before and after each M&A transaction while excluding the event year (T?). Financial and deal-level data for 34 upstream M&A events were triangulated from Rystad Energy, S&P Capital IQ, and official company reports, and analysed using descriptive statistics, the Wilcoxon Signed-Rank Test, the Mann–Whitney U Test and Regression with Clustered Robust Standard Errors (CRSE) to evaluate performance effects. The results reveal no statistically significant short-term improvement across profitability, liquidity, solvency, or shareholder-value ratios following M&A (p > 0.05). rofitability indicators remain largely unchanged except for a modest increase in GPM, while liquidity ratios are stable and solvency measures vary widely but with medians near zero. Shareholder-value metrics also exhibit minimal movement. Overall, early post-merger financial outcomes appear flat and uneven, indicating an absence of consistent short-term performance gains.

Struktur Modal, Profitabilitas, dan Nilai Perusahaan: Studi Moderasi Oleh Keputusan Investasi dan Kebijakan Dividen

2025-11-16T16:20:12+00:00

In a competitive business landscape, increasing corporate value becomes crucial. Previous studies has not extensively analyzed the simultaneous moderating roles of investment decisions and its payout procedures, particularly in non- financial businesses within the BISNIS 27 index. Therefore, The present research seeks at analyzing the impact of both capital layout and profitability of the firm’s value influenced by investment decisions and dividend policy. Using the quantitative strategy, secondary Information gathered from accounting records among non-bank business entities in BISNIS 27 index for the period 2022-2024 were analyzed using panel data regression and Moderated Regression Analysis (MRA). The results showed that the equity structure (DER) had a significant positive effect on firm value (PBV), while profitability (ROA) did not have a direct significant influence. Investment decisions (PER) are proven to Highly moderate the influence Structure of capital and the profitability with company priorities, strengthening the relationship. Conversely, Governance of dividends (DPR) does not moderating on profitability, but it can moderate capital structure. Simultaneously, the regression model is significant, explaining 25.8% of the variation in firm value. This insight points out how crucial to debt management and strategic investment in shaping corporate value.

Kinerja ESG, Independensi Komite Audit, dan Biaya Modal: Bukti Moderasi dari Perusahaan Bursa Efek Indonesia

2025-12-18T17:44:17+00:00

This study investigates the effect of Environmental, Social, and Governance (ESG) performance on firms' cost of capital and examines the moderating role of audit committee independence in an emerging market context. The sample consists of 95 companies listed on the Indonesia Stock Exchange (IDX) during the period 2016–2023, resulting in 760 firm-year observations in a balanced panel dataset. Using panel data regression with a moderating approach, the findings indicate that ESG performance has a negative and significant effect on the cost of capital, with a one-point increase in ESG score reducing the weighted average cost of capital (WACC) by approximately 13.6 basis points. Audit committee independence also exhibits a negative effect on the cost of capital. However, the interaction analysis reveals that audit committee independence significantly weakens the negative relationship between ESG performance and the cost of capital, suggesting that the financial benefits of ESG practices are less pronounced when governance oversight is already strong. Theoretically, this study extends signaling theory by demonstrating that the credibility of ESG signals depends on existing governance structures; empirically, it provides evidence from an emerging market where governance and sustainability disclosures are evolving. The findings offer practical insights for managers and investors in aligning ESG strategies with governance mechanisms to enhance financial efficiency.

Peran Profitabilitas dalam Memoderasi Pengaruh Struktur Modal dalam Memediasi Hubungan Likuiditas terhadap Nilai Perusahaan pada Perusahaan Sektor Perdagangan Ritel Periode 2014-2023

2025-11-25T06:44:08+00:00

The purpose of this study is to investigate and prove how liquidity affects company value with capital structure as an intervening variable and profitability as a moderating variable in retail trading sector companies listed on the Indonesian Stock Exchange for the period 2014-2023. The sampling technique used was purposive sampling, yielding 10 companies as samples with 100 data observations. The statistical analysis tools used were IBM SPSS version 30 and Hayes Process, with analysis stages ranging from descriptive statistics to conditional process analysis. The research results indicate that: (1) Liquidity has a positive and significant effect on firm value. (2) Liquidity has a negative and significant effect on capital structure. (3) Capital structure has a positive and significant effect on firm value. (4) Capital structure is able to mediate negatively and significantly the relationship between liquidity and firm value. (5) Profitability moderates the influence of the relationship between capital structure and firm value, with a positive and significant moderating effect. (6) Profitability moderates the indirect effect of liquidity on firm value through capital structure, with a negative and significant moderating effect

Dynamic Capital Structure as Strategic Leverage: Evidence from Garuda Indonesia

2025-12-21T12:54:43+00:00

The core problem is whether Garuda’s failure to adjust in a timely manner became a strategic disadvantage that intensified avoidable distress. This study addresses gaps in research on SOE adjustment behaviour, leverage dynamics in aviation, and the economic cost of delayed rebalancing, framing capital structure as a strategic capability rather than a static ratio. This study uses a mixed-method design focused on Garuda Indonesia, benchmarked against nine airlines (2015-2024) through a multiple-case comparative panel. . The primary method is System GMM, used to estimate the Speed of Adjustment (SOA) and identify dynamic leverage behaviour, complemented by Random Effects estimation of leverage determinants and Monte Carlo simulation (?10,000 paths) to assess resilience outcomes. Profitability negatively affects leverage (? = ?1.05; p < 0.01), while tangibility positively influences it (? = +0.62; p < 0.01), consistent with pecking order and trade-off theories. The System GMM estimation across ten airlines shows a significant lagged-leverage coefficient (? = 0.316; p < 0.01), implying a Speed of Adjustment (SOA) of 0.684, compared to a firm-level testing of Garuda that shows ? = 0.7493 or SOA of 0.257, and actual cost of capital during distress that was 6.7x higher than it would have been under a balanced capital structure. After homologation, leverage persistence turned negative (? = -0.1464; SOA = 1.15), reflecting an overshooting phase consistent with rapid deleveraging, restored managerial discretion, and materially reduced adjustment frictions. These results verify that homologation substantially improved policy effectiveness. Monte Carlo simulations (10,000 paths) reveal a sharp improvement in resilience: Garuda’s mean DSCR rose from -1.56 pre-homologation (2015-2021) to +0.72 post-homologation (2022-2024), demonstrating reduced tail risk and a structural recovery in solvency without changes in operational volatility. The study contributes to capital structure theory by demonstrating that dynamic adjustment speed itself is a strategic variable, particularly under financial distress.

Identifikasi Faktor Penentu Kecurangan Pada UMKM: Perspektif Hexagon Theory Dan Efektivitas Pengendalian Internal

2025-11-22T17:30:18+00:00

This study aims to investigate the factors that can encourage employees to commit fraud in SMEs. The fraud hexagon theory is used to examine the influence of pressure, opportunity, rationalization, capability, arrogance, and collusion on fraudulent acts by employees, with the effectiveness of internal control as a moderating variable. This study uses primary data with a survey approach, so that questionnaires are distributed to respondents as the main data collection tool. From the questionnaires distributed to SME employees in Indonesia, 400 respondents were obtained, with the majority having a bachelor's degree (63.33%) and 5-10 years of work experience (46%) for analysis. The research hypothesis was tested using SEM-PLS. The results of the structural model analysis indicate that not all six components of the fraud hexagon theory drive employees to commit fraud in SMEs. Only the constructs of pressure and capability have a significant influence on employee fraud. Internal control effectiveness can influence the relationship between capability and employees to commit fraud. Without pressure and knowledge, a person cannot create a plan that can prevent fraud from being detected, but mitigation measures can be carried out with the implementation of strict internal controls. This study has implications for SME owners and managers in an effort to maintain SME resilience in the long term so that losses caused by employee fraud can be prevented.

Implementasi Coretax terhadap Efisiensi Proses Administrasi Perpajakan dan Kepuasan Wajib Pajak di Era Digital

2025-12-23T07:46:46+00:00

Starting in 2025, the integrated tax administration system (also known as Coretax) will be implemented in Indonesia with the aim of increasing the effectiveness and transparency of the country's tax administration system. The purpose of this study is to examine the effect of administrative process efficiency (y1) on taxpayer satisfaction (y2) after the implementation of Coretax (x). The method used is purposive sampling, with data collection techniques including observation, interviews, and documentation. The data analysis technique used is multiple linear regression analysis. The results of this study indicate that the large variable of administrative process efficiency (Y1) has a more dominant effect on the level of taxpayer satisfaction (Y2) after the implementation of Coretax (X), that the administrative process efficiency (Y1) has a more dominant effect. The implications of this study are to encourage taxpayer digital literacy so that services become faster and more effective.

Pengaruh Leverage, Kepemilikan Manajerial, dan Kompensasi Bonus terhadap Income Smoothing pada Perusahaan Sektor Consumer Non-Cyclicals di Indonesia (2020-2024)

2025-12-06T06:21:26+00:00

This study aims to analyze the effects of leverage, managerial ownership, and bonus plan on income smoothing in consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange during the 2020-2024 period. The research population consists of 85 companies, and through the use of a purposive sampling technique, 70 companies were selected, resulting in a total of 350 samples. The study employs binary logistic regression, with income smoothing measured using the eckel index, leverage measured by the debt to-asset ratio, managerial ownership measured by the proportion of shares held by management, and bonus plan proxied by the natural logarithm of salary expenses. The results indicate that leverage does not affect income smoothing, while managerial ownership and bonus plan have a significant effect on income smoothing. These findings suggest that in a relatively stable sector, income smoothing practices are more strongly driven by internal governance mechanisms and managerial incentive structures, as explained by agency theory, than by external financial pressure related to debt covenants. This study contributes to the income smoothing literature by highlighting the dominant role of internal factors over external financing constraints in shaping managerial reporting behavior.

Pengaruh Layanan E-Samsat, Samsat Drive Thru, Dan Samsat Keliling Terhadap Kepatuhan Wajib Pajak Kendaraan Bermotor: Studi Pada Samsat Bandung III Soekarno-Hatta

2026-01-14T11:54:21+00:00

This study aimed to analyze the influence of E-Samsat, Samsat Drive Thru, and Mobile Samsat services on motor vehicle taxpayer compliance at the Bandung III Soekarno-Hatta Samsat Office. Despite the implementation of service innovations, taxpayer compliance decreased from 78.16% in 2020 to 76.55% in 2024, while vehicles not renewing registration (KTMDU) increased by 32.01%. The study utilized a quantitative research method with primary data collected through questionnaires distributed to 100 respondents selected using simple random sampling from a population of 475,070 registered motor vehicle taxpayers. Data were analyzed using multiple linear regression with classical assumption tests (normality, multicollinearity, and heteroscedasticity) conducted via SPSS version 29. The results indicate that E-Samsat, Samsat Drive-Thru, and Mobile Samsat services have positive and significant partial effects on taxpayer compliance. Based on Standardized Coefficients (Beta), E-Samsat shows the strongest influence (Beta = 0.304), followed by Mobile Samsat (Beta = 0.278) and Samsat Drive-Thru (Beta = 0.211). The model explains 43.5% of the variance in taxpayer compliance (Adjusted R² = 0.435). Practically, these findings are expected to serve as evaluation material for policymakers and Samsat administrators in improving service quality, accessibility, and effectiveness through optimizing digital systems, expanding service coverage, and strengthening service capacity to encourage sustainable motor vehicle taxpayer compliance.

Analisis Kesuksesan Implementasi Sistem Aplikasi Keuangan Tingkat Instansi (SAKTI) Modul Aset Tetap

2025-12-07T16:37:11+00:00

The Institution Level Financial System Application (SAKTI) is a nationally mandated integrated financial system developed to strengthen transparency and accountability in Indonesia’s public financial management. This study aims to evaluate the success of implementing the Fixed Assets Module of SAKTI in working units under Directorate General of Taxes Regional Office – Central Java II, using the DeLone and McLean Information System Success Model. A qualitative case study approach was employed, involving nine informants selected through purposive sampling. Data were collected via literature review, observation, and semi-structured interviews, and analyzed through data reduction, presentation, and conclusion drawing.

The results reveal that system quality, information quality, and service quality remain constrained by issues such as data synchronization, limited training, and technical terminology comprehension. In contrast, user satisfaction and net benefits show positive outcomes, especially regarding efficiency, accessibility, and reporting accuracy. Overall, the implementation of the Fixed Assets Module is deemed moderately successful.

This study contributes to the literature by providing an in-depth qualitative evaluation of a mandatory public financial system in Indonesia, highlighting the importance of technical support enhancement, regular user training, and improved system integration to optimize the module’s performance and sustainability.

Model Pengelolaan Dana Desa untuk Mencapai Suistainable Development Goals di Desa Suci, Kecamatan Panti, Kabupaten Jember

2025-10-12T05:06:56+00:00

SDGs is an international sustainable development program that was later adapted into the Village. SDGs in Indonesia with a context that has been adapted to villages in Indonesia. SDGs are ideals that villages, including Suci Village, aspire to realize. This is because the national development goal is to achieve the four pillars of the SDGs: social development, economic development, and legal development and governance. These four pillars are the oldest of the 17 aspects of the SDGs. This study aims to determine and map the village fund management model implemented by the Suci Village Government in realizing sustainable village development according to the four pillars of the SDGs. This research is a qualitative descriptive study. Data collection was conducted through interviews, documentation, and observation. The research informants were the village head, the head of financial affairs, and the village operator. Secondary data in this study were obtained from the RPJMDes, APBDes LRA, Village Profile. Data validity was tested by triangulating sources and methods. The results of the study indicate that village fund management in Suci Village is quite good. The programs planned in Suci Village are in line with the SDGs objectives. Likewise, the implementation of these activities has been very good. This is evidenced by the increase in the APBDes portion to support the SDGs which increased in 2024 from Rp381,642,500.00 to Rp735,934,000.00 in 2025. The implications of this study are expected to improve integration of Waste Bank-BUMDes, and pre-feasibility of PLTMH. The limitations of this study have not yet tested the outcomes of the programs planned and implemented by the Suci Village government

KEPEMILIKAN MANAJERIAL MEMODERASI HUBUNGAN ANTARA INTERNAL GOVERNANCE, ASIMETRI INFORMASI, DAN FREE CASH FLOW TERHADAP REAL EARNINGS MANAGEMENT

2025-12-02T02:43:08+00:00

This study aims to examine the effect of internal governance, information asymmetry, and free cash flow on real earnings management, with managerial ownership serving as a moderating variable. The study employs a quantitative approach using secondary data obtained from the financial statements of consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The research sample consists of 28 firms selected through purposive sampling, resulting in 140 firm-year observations. Panel data regression analysis is applied using the Fixed Effect Model (FEM) and processed with EViews 13. The results indicate that internal governance and free cash flow have a significant effect on real earnings management, while information asymmetry does not exhibit a significant effect. Furthermore, managerial ownership does not moderate the relationship between internal governance and real earnings management. However, managerial ownership is found to strengthen the relationship between information asymmetry and real earnings management, as well as reinforce the effect of free cash flow on real earnings management. These findings suggest that managerial ownership plays a conditional role in influencing real earnings management practices. The study highlights the importance of strengthening internal governance mechanisms and enhancing financial reporting transparency to mitigate real earnings management and improve the quality of accounting information.

Determinants of Credit Fraud Detection: The Role of Human Resource Performance, Credit Supervision, and Internal Control in Islamic Microfinance Institutions

2025-10-15T03:44:54+00:00

This study was conducted to determine and analyze the effect of fraud detection on loan performance at BMT An-Najjah in Central Java because many banks and cooperatives have committed fraud such as fictitious loans, the testing in this study is with three variables tested: human resource performance, credit supervision, and SPI, which can affect the level of fraud detection on loan performance. This research method uses the correlation method, namely the relationship of influence, The sample in this study consisted of 36 respondents who were employees of BMT An-Najjah, selected using the purposive sampling method. The data analysis technique used in this study is quantitative analysis using the Smart PLS version 3 statistical data processing application. The results of this study indicate that there is a positive effect of human resource performance with a p-value of 0.000 on fraud detection of loan performance at BMT An-Najjah in Central Java, while the credit supervision variable p-value of 0.861 and SPI p-value of 0.281 have no impact on fraud detection of loan performance.

The Influence of Sustainability Performance and Institutional Ownership on Earnings Management In ASEAN Countries

2025-12-04T03:41:10+00:00

This research is prompted by the escalating emphasis on sustainability performance and corporate governance across the ASEAN countries, along with persistent concerns regarding financial reporting manipulation that weakens the credibility and reliability of corporate disclosures. This study adopts a quantitative approach using secondary data from 238 non-financial sector firms in ASEAN (Indonesia, Malaysia, Singapore, and Thailand) over the 2016–2023 period. Data analysis was performed using panel data regression with the Fixed Effect Model (FEM), implemented through EViews version 12. The results indicate that sustainability performance does not exert a significant influence on earnings management, suggesting that sustainability initiatives in the ASEAN countries remain predominantly symbolic and have not yet functioned effectively as managerial monitoring mechanisms. In contrast, institutional ownership demonstrates a significant negative effect on earnings management, implying that higher levels of institutional shareholding are associated with reduced earnings manipulation levels. Regarding the control variables, firm size and leverage show significant negative effects on earnings management, whereas profitability and industry type show no significant impact. Overall, the findings imply that internal corporate attributes, particularly ownership structure and governance mechanisms, play a more substantial role than external factors in constraining managerial opportunism. This study provides important implications for managers, investors, and regulators across ASEAN countries to strengthen the corporate governance frameworks and encourage more substantive sustainability practices, enabling them to function not merely as compliance instruments but also as mechanisms for enhancing transparency and the integrity of financial reporting.

Social Disclosure's Ascendancy in Energy Corporate Valuation: Outpacing Economic, Environmental, and Governance Dimensions

2025-10-18T08:29:03+00:00

A sustainability report is a key tool for corporate accountability, communicating a company’s performance and value to stakeholders. This study investigates the role of such reports, specifically examining how their economic and ESG (Environmental, Social, and Governance) disclosures influence company value. This study extends previous ESG research by isolating the social dimension as the primary driver of firm value in Indonesia’s energy sector. The research utilized data from energy sector companies listed on the Indonesia Stock Exchange from 2021 to 2023. A purposive sampling method was used, yielding 102 observational samples. The data were analyzed using multiple linear regression in EViews 12 to test the associations. The analysis revealed that economic, environmental, and governance disclosures individually do not have a significant effect on company value. In contrast, social disclosure was found to exert a significant positive influence. Furthermore, the simultaneous effect of all ESG and economic dimensions was significant. This indicates that while social factors are individually critical, the integrated reporting of all dimensions jointly impacts value. For energy companies facing significant social challenges, disclosing social performance is crucial. It not only strengthens legitimacy but also directly enhances market value by improving reputation, fostering consumer loyalty, and building stronger community relations.

Pemanfaatan Kapabilitas Konsultan Pajak dalam Pemeriksaan Pajak Penghasilan: Studi Kasus berdasarkan Perspektif Relational View

2025-12-04T18:43:13+00:00

Tax audits play an important role in assessing corporate compliance and determining final tax liabilities. Companies often face internal capability limitations when explaining their tax positions to the authorities. This study addresses the primary question of how tax consultant assistance influences audit outcomes, particularly the value of tax adjustments and the final tax liabilities after the discussion process. The purpose of this research is to analyze the benefits of tax consultant assistance by comparing the 2022 tax audit handled internally with the 2023 audit supported by a consultant. The study was conducted at PT DCP using a descriptive qualitative method. Data were collected through documentation and semi structured interviews with four informants directly involved in the audit process. The analysis was carried out by mapping the findings to four mechanisms of the Relational View, namely relation-specific assets, knowledge-sharing routines, complementary resources, and effective governance. The results show a notable reduction in tax adjustments, from 30.24% in the 2022 tax year to 8.59% in 2023. The approval rate of restitution increased from 9.48% to 82.29%. Consultant assistance improved the clarity of arguments, strengthened coordination, and reduced misinterpretation of the auditor’s requests. This study contributes by demonstrating that strategic collaboration between companies and tax consultants has a direct impact on the effectiveness of the audit process and its final outcomes.

Digitalisasi Akuntansi dan Transformasi Nilai Budaya: Adaptasi Sosial UMKM di Kota Tangerang

2025-10-29T17:25:58+00:00

This study aims to examine how accounting digitization contributes to cultural value transformation and social adaptation among Micro, Small, and Medium Enterprises (MSMEs) in Tangerang City. The focus of the study lies on the determining factors of adoption, such as financial and digital literacy, perceived benefits, infrastructure availability, and implementation costs. The research method used is a qualitative approach through in-depth interviews with a number of MSME actors from various business sectors. The results show that digital literacy is a key factor in increasing MSME actors' understanding of the use of accounting applications. Overall, this study confirms that the success of accounting digitization in MSMEs does not only depend on technological aspects, but also on social support, cultural adaptability, and policies that support digital inclusiveness. These findings are expected to provide practical contributions to the development of MSME empowerment strategies and enrich the literature on the integration of technology and culture in accounting practices.

Kinerja Keuangan, Opini Audit, dan Tingkat Korupsi Pemerintah Provinsi di Indonesia: Bukti Empiris Periode 2018-2023

2025-12-10T07:55:35+00:00

This study examines the relationship between financial performance, audit opinions, and corruption levels in Indonesian provincial governments during the period 2018–2023. Financial performance is proxied by efficiency, effectiveness, fiscal independence, and fiscal dependency ratios, while audit opinions are measured based on opinions issued by the Badan Pemeriksa Keuangan (BPK). Corruption is measured using the number of corruption cases reported by Indonesia Corruption Watch (ICW). Using panel data from ten provinces with the highest corruption cases and applying multiple linear regression analysis, the results show that fiscal dependency has a significant effect on corruption levels, whereas efficiency, effectiveness, fiscal independence, and audit opinions do not exhibit significant individual effects. Nevertheless, the variables jointly explain variations in corruption levels, indicating that corruption in local governments is better understood as a systemic governance issue rather than the outcome of isolated financial performance indicators or audit results.