Owner : Riset dan Jurnal Akuntansi

Pengaruh Kinerja Keuangan terhadap Tax avoidance dengan Earning management sebagai Intervening

Tetty sulestiyo Rini, Indira Januarti — Sat, 05 Apr 2025 00:00:00 +0000

This study investigates how tax avoidance is affected by Return on Assets (ROA) and the Debt-to-Equity Ratio (DER), with earnings management as an intermediary variable. The research aims to identify the influence of profitability and leverage on tax avoidance decisions within Indonesia's mining industry. The study was conducted using quantitative methods at mining companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period. Secondary data were collected from financial statements, and purposive sampling was used to select 19 companies. Data analysis included multiple regression and path analysis using Sobel tests to examine mediation effects. The results revealed that ROA positively and significantly impacts tax avoidance, while DER negatively and significantly influences it. Earnings management was found to mediate the relationships between ROA, DER, and tax avoidance significantly. These findings contribute to understanding the role of profitability, capital structure, and earnings strategies in shaping tax avoidance practices, providing valuable insights for policy and regulation formulation.

Pengaruh GCG dan CSR dalam Meningkatkan Kinerja Keuangan Bank di BEI

Fri, 04 Apr 2025 00:00:00 +0000

This inquire about examines the impact of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on the budgetary execution of banks recorded on the Indonesia Stock Trade (IDX). Utilizing a numerous direct relapse approach, the consider assigns Return on Assets (ROA) as the subordinate variable, whereas GCG and CSR work as autonomous factors. The test determination takes after a purposive inspecting strategy, centering on banks that reliably discharge yearly and monetary reports containing GCG and CSR revelations. Some time recently testing the speculations, a few classical suspicion tests—such as multicollinearity, heteroscedasticity, and autocorrelation tests—are conducted to guarantee the model's legitimacy. The discoveries uncover that GCG emphatically and altogether impacts money related execution, while CSR does not illustrate a outstanding impact. These comes about suggest that well-implemented GCG improves benefit, whereas CSR activities may require a more key arrangement to affect money related results straightforwardly.

Di Balik Greenwashing: Kebenaran Tentang Keputusan Investasi

Dwi Asih Meilani, Siti Mutmainah — Fri, 04 Apr 2025 00:00:00 +0000

Many businesses engage in competitions to show dedication to sustainability, but a significant number engage in deceptive methods. We refer to this condition as greenwashing. The impact of greenwashing on companies investment choices is the intended focus of this research. During the years 2021-2023, the study’s sample included Indonesia Stock Exchange companies operating in the manufacturing industry. We employed a quantitative research method, utilizing linear regression. The findings disprove the hypothesis that greenwashing discourages investment by corporations. Greenwashing in manufacturing companies is not considered a significant indicator by investors. Neither ROE nor DER nor firm size, which are control variables, significantly affect investment choices. These findings demonstrate developing a more thorough comprehension of how investors evaluate business about sustainability. Even though greenwashing is not considered a significant signal, this does not mean that companies are free to ignore their contribution to social and environmental responsibility. Tangible and transparent sustainable practices can create reputation and investor confidence over time. Therefore, companies should prioritize true and measurable sustainability plans over marketing green claims that may not affect current investment decisions but may influence future views and decisions. On the other hand, CapEx is significantly and positively affected by ROA. A positive signal from ROA indicates that the business has strong financial prospects in increasing investor confidence.

Peran Akuntansi Forensik dan Audit Investigasi dalam Mengungkap Fraud dengan Whistleblowing sebagai Variabel Intervening

Muhammad Su'un, Muhammad Abduh — Sat, 05 Apr 2025 00:00:00 +0000

This study aims to uncover fraud behavior in the supply cycle through forensic accounting and investigative auditing methods using whistleblowing as an intervening variable. The study uses a quantitative approach based on post-positivist philosophy with purposive sampling. Data were obtained from 45 respondents and analyzed using Partial Least Squares (PLS)-SEM with the help of SmartPLS 3.0 software. The results showed that forensic accounting has no significant effect on the disclosure of fraud in the inventory cycle. On the contrary, investigative audits have a positive and significant effect on the disclosure of fraud. In addition, investigative audits also have a positive and significant effect on whistleblowing, which implies that the stronger the investigative audits in an organization, the more likely it is that someone will report fraud. This study also found that whistleblowing does not mediate the effect of forensic accounting on fraud, but it does mediate the effect of investigative audits on fraud. The novelty of this study is that it analyzes the relationship between forensic accounting, investigative audits and whistleblowing on the supply cycle, which has been little studied empirically in academic literature. In addition, this study highlights the role of whistleblowing as a more effective reporting mechanism to support investigative audits, whereas forensic accounting does not. These findings indicate that companies need to further optimize investigative audits to detect fraud, as this approach has been proven to be more effective in encouraging whistleblowing and exposing fraud compared to forensic accounting. In addition, companies need to strengthen their whistleblower protection systems so that they feel safe in reporting fraud without fear of retaliation. The results of this study can be used as a basis for policymakers, auditors, and regulators to improve internal control systems to ensure compliance with Financial Accounting Standards (SAK) in Indonesia.

Corporate Governance and Fraud: A Systematic Review

Adelia Ayu Apristiana, Dwi Cahyo Utomo — Sat, 05 Apr 2025 00:00:00 +0000

The increasing phenomenon of fraud across various business sectors emphasizes the importance of implementing effective corporate governance. Strong corporate governance is believed to enhance company transparency and accountability, thereby reducing the risk of fraud occurrence. This study aims to analyze the role of corporate governance in preventing fraud through a systematic review approach using PRISMA guidelines. It examines 22 articles published between 2020 and 2024 from the Scopus, ScienceDirect, and Emerald Insight databases, focusing on corporate governance and fraud prevention. The findings reveal that the implementation of strong corporate governance mechanisms, such as board independence, gender diversity, board size, audit committees, internal controls, and audit quality, significantly contributes to fraud prevention. However, the effectiveness of these mechanisms depends on cultural, regulatory, and institutional contexts. This study also highlights the importance of Islamic governance in fraud prevention, particularly in the Islamic financial sector, by emphasizing principles of justice, transparency, and the role of the Sharia Supervisory Board (SSB). Overall, effective corporate governance enhances transparency and accountability, reducing the risk of fraud, although further research is needed to explore the variations in the effectiveness of governance mechanisms across different cultural and regulatory contexts.

Kinerja Pengelolaan Dana Desa: Dampak Partisipasi, Evaluasi Anggaran, dan Kejelasan Tujuan

Anastasia Wea, Sari Rahmadhani — Sat, 05 Apr 2025 00:00:00 +0000

Effective and transparent management of village funds is an important factor in improving the performance of village apparatus and ensuring targeted budget allocation. However, challenges such as low community participation, less optimal budget evaluation, and unclear budget goals are still obstacles to managing village funds. This study seeks to examine the impact of budget participation, budget evaluation, and budget objective clarity on the performance of the village fund management apparatus in Aesesa District, Nagekeo Regency, NTT. This study employs a quantitative approach using a survey method, distributing questionnaires to 103 respondents who are part of the village fund management apparatus. Data analysis uses multiple linear regression. The study results indicate that budget participation, budget evaluation, and budget objective clarity have a positive and significant impact on the performance of the village fund management apparatus. Greater community participation in the budgeting process enhances the transparency and accountability of village fund management. Budget evaluations carried out systematically can increase the effectiveness of budget use and minimize potential deviations. Meanwhile, the clarity of budget goals makes it easier for the apparatus to achieve the established goals, their performance must be optimized. This study concludes that enhancing budget participation, budget evaluation, and budget objective clarity can directly develop the performance of the apparatus in managing village funds. These findings contribute to village governments in improving financial governance that is more transparent, accountable, and oriented towards community welfare.

Bid Ask Spread, Market Value, Variance Return Terhadap Holding Period

Rina Nurjanah, Eka Avianti Ayuningtyas, Sunita Dasman, Putri Nur Amalia — Sun, 06 Apr 2025 00:00:00 +0000

This study aims to analyse the impact of bid-ask spread, market value, and variance return on the stock holding period. The bid-ask spread is a measure of transaction costs and liquidity. The market value reflects the size and stability of the company. Finally, the variance return shows the level of stock volatility. The data analysis was conducted on several energy sector companies traded on the stock market between 2019 and 2021. The research method employs descriptive statistical analysis, classical assumption testing, multiple linear regression analysis, and determination coefficient testing. The results demonstrated that bid-ask spread and market value exert no significant influence on the holding period. Conversely, variance return has a significant negative effect on the holding period, indicating that the higher the variability of a stock's return, the shorter the stock's holding period by investors. This finding indicates that return volatility is an important factor that investors consider when deciding the duration of stock ownership. This study provides implications for investors to pay more attention to the level of stock volatility in their investment strategy and for market regulators to manage volatility to support better market stability.

Pengaruh Profitabilitas, Kebijakan Utang dan Solvabilitas terhadap Nilai Perusahaan : Corporate Governance sebagai Variabel Pemoderasi

Siska Febriyanti, Akhmad Riduwan, Nur Handayani — Sun, 06 Apr 2025 00:00:00 +0000

This research aims to examine and gain empirical evidence of the effect of profitability, debt policy, and solvability on firm value, with corporate governance as a moderating variable. Moreover, the population was Property companies listed on the Indonesia Stock Exchange with financial statement reports during 2014-2023. The data collection technique used purposive sampling with 325 data samples. Furthermore, the data analysis technique used moderated regression analysis with a hypothesis test using the t-test. The result concludes as follow: (1) profitability which is referred to as Return On Equity has a positive effect on firm value, (2)debt policy which is referred to as Debt to Assets Ratio has a negative effect on firm value, (3) solvability which is referred to as Debt to Equity Ratio does not effect firm value, (4) corporare governance moderates positively the effect of profitability on firm value, (5) corporare governance moderates positively the effect of debt policy on firm value, (6) corporare governance moderates negatively the effect of solvability on firm value.

Dampak Green Accounting Terhadap Kinerja Keuangan Perusahaan Pertambangan Indonesia

Rika Henda Safitri, Relasari, Tomi Aslagar , Umi Kalsum, Rosihan Arief HS — Sun, 06 Apr 2025 00:00:00 +0000

This research aims to empirically test the influence of green accounting, environmental performance, capital structure and company size on the financial performance of coal mining companies listed on the Indonesia Stock Exchange in 2018-2022. Based on the purposive sampling method, a sample of 16 companies was produced. The data analysis technique uses multiple linear regression analysis with SPSS 26 program tools. The results of this research show that green accounting and capital structure do not have a positive influence on financial performance. Meanwhile, environmental performance and company size have a positive influence on the company's financial performance.

Faktor-Faktor yang Mempengaruhi Tingkat Pengungkapan Laporan Berkelanjutan Perusahaan di Bursa Efek Indonesia Tahun 2022

Andri Yuniansyah Prihandono, Yudhi Herliansyah — Tue, 08 Apr 2025 00:00:00 +0000

An examination was conducted to investigate how Return on Assets (ROA), Company Size, Company Age, and Foreign Ownership influence Sustainability Report disclosure levels among companies listed on the Indonesia Stock Exchange (IDX) in 2022. The study employed a quantitative methodology using multiple linear regression analysis on 192 firms that published sustainability reports based on the 2021 Global Reporting Initiative (GRI) standards. The findings reveal that neither ROA nor Foreign Ownership significantly affects the level of sustainability disclosure. In contrast, Firm Size and Firm Age significantly positively correlate with sustainability disclosure practices. These results are in line with stakeholder and legitimacy theories, as larger and older companies tend to be more responsive to stakeholder demands and regulatory expectations regarding sustainability. Furthermore, this research highlights how the adoption of GRI 2021, which imposes more comprehensive and detailed reporting requirements, may influence disclosure behaviors, particularly for firms with limited resources or foreign ownership. This study contributes to the growing body of literature by identifying key determinants affecting sustainability reporting under the latest GRI framework. However, the research is limited to companies voluntarily adopting GRI 2021 standards, which may not fully represent all IDX-listed firms. Future research should consider broader samples and incorporate industry-specific or regulatory factors.

Pengaruh Profitabilitas terhadap Nilai Perusahaan dengan Corporate Social Responsibility sebagai Variabel Mediasi

Chandra Dwi Setyawan, Imam Ghozali — Wed, 09 Apr 2025 00:00:00 +0000

This study examines the relationship between profitability and firm value with corporate social responsibility (CSR) as a mediating variable. Using purposive sampling, 116 mining companies listed on the Indonesia Stock Exchange (IDX) during 2022-2023 were selected as research samples based on the availability of sustainability reports and annual reports. This study employs multiple linear regression analysis to test the relationships among variables and uses the Sobel test to examine the mediating effect of CSR between independent and dependent variables. The results show that profitability has a positive and significant effect on firm value, CSR has a positive and significant effect on firm value, profitability has a positive and significant effect on CSR, and CSR mediates the relationship between profitability and firm value. In conclusion, although CSR plays a positive mediating role in enhancing firm value, companies need to develop a more serious commitment to CSR implementation to increase public trust and send positive signals to stakeholders.

Urgensi Penerapan Carbon Tax Sebagai Upaya Mitigasi Perubahan Iklim Untuk Meningkatkan Sustainable Economic Growth

Rina Sulistyowati, Tri Winarsih, Mistri Ani, Rachmad Bayu Kurniawan — Wed, 09 Apr 2025 00:00:00 +0000

The increase in carbon emissions from year to year has an impact on climate change in the world, especially in Indonesia, therefore the government has stipulated Law No. 7 of 2021 concerning Harmonization of Tax Regulations (UU HPP), in Article 17 Chapter IX of the Law on HPP concerning carbon tax. The article explains that the Indonesian Government will impose a carbon tax on every carbon emission produced from both production and consumption activities. The implementation of carbon must be balanced in order to provide benefits for all parties in order to achieve economic and environmental balance. With the implementation of a carbon tax, it is hoped that it can reduce the risk of climate change that is currently occurring and can increase sustainable economic growth. This study uses a descriptive qualitative approach, with data collection techniques using interviews and documentation. While the data analysis technique uses interactive analysis with three steps including data reduction, data presentation, and drawing conclusions. The results of the study indicate that the implementation of carbon tax will be able to reduce carbon emissions that can reduce climate change, in accordance with the government's target of reducing greenhouse gas emissions by 29% with its own capabilities and 41% with international support by 2030. In addition, carbon tax also has the potential to encourage sustainable economic growth, by instilling awareness in society by creating a culture and habits for each individual, especially business actors, to transition to environmentally friendly activities, such as creating new product innovations, prioritizing the use of environmentally friendly products, and carrying out activities that minimally produce carbon gas emissions, thus leading to the realization of sustainable economic development.

Analisis Good Corporate Governance terhadap Penghindaran Pajak (Tax Avoidance)

Hermaya Ompusunggu, Afdal, Maya Richmayati — Wed, 09 Apr 2025 00:00:00 +0000

This study is to analyze corporate good governance on tax avoidance in consumer good companies listed on the IDX for the period 2018-2022. The sample technique in this study used purposive sampling. Data collection techniques in this study using documentation techniques by documenting the annual reports of consumer goods and beverage manufacturing companies from 2018-2022. The method of data by conducting descriptive analysis, classical assumption test and the last is the t test and f test to see the results of this study. The results of this study are institutional ownership and the board of commissioners have no significant effect on tax avoidance, while audit quality partially has a significant effect on tax avoidance. And simultaneously institutional ownership, the board of commissioners and audit quality have a significant effect on tax avoidance.

The Essence of Trancendent Accountability Based on Tri Hita Karana in Desa Adat Penglipuran

I Made Putra Arya Wibawa, Bonnie Soeherman — Wed, 09 Apr 2025 00:00:00 +0000

Accountability plays a crucial role and is applied in almost all types of organizations, whether profit-oriented or social organizations. However, the application of accountability in organizations that combine social, financial, and cultural aspects, such as Desa Adat Penglipuran, demonstrates different needs and focuses. This study highlights the unique concept of accountability in Desa Adat Penglipuran, which is expected to be replicated by other village organizations, particularly in Indonesia, thereby contributing both practically and theoretically. Using a qualitative approach and data collection methods, including interviews, observations, and document analysis, this study reveals that accountability in Desa Adat Penglipuran is understood by the community as a form of devotion and service to ancestors and God, in line with the characteristics of transcendent accountability. Local wisdom, such as Tri Hita Karana and Tri Mandala, plays a role in raising awareness among the community about the importance of balancing spiritual and financial factors in preserving village traditions. The construction of the transcendent accountability concept based on Tri Hita Karana creates more holistic understanding of transcendent accountability, which is capable of balancing financial and non-financial factors.

Faktor-faktor yang mempengaruhi perilaku disfungsional audit pada auditor: Systematic Literature Review

Fitria Heny Widyastuti , Yulia Saftiana, Yusnaini, Hasni Yusrianti — Wed, 09 Apr 2025 00:00:00 +0000

Dysfunctional audit behavior is deviant behavior carried out by an auditor in the form of manipulation, fraud or deviation from standards. Behavioral deviations that are usually carried out by auditors include reporting audit time with a total time shorter than the actual time, changing and/or stopping procedures that have been established in the implementation in the field, obtaining evidence that is less accurate, processing less accurately, and errors in the audit stages. This study aims to determine the main factors that influence dysfunctional audit behavior carried out by auditors. The method used in this study is the literature review (SLR) method. Research data were obtained from indexed journals Q1, Q2, Q3 and sinta 2 from emerald, proquest, and simantic scholar. This review analyzed 24 articles on dysfunctional audit behavior in the world published from 2010-2024. Most of the articles published use a quantitative approach and focus on public accounting firms. The main findings of this study found that the most influential factors (determinants) in dysfunctional audit behavior are time budget pressure, locus of control, gender, turnover intention, performance evaluation, task complexity, auditor work experience, employee performance, client interests, and organizational and professional commitment. Furthermore, further research should also consider the need for exploration, reflection, and asking more critical questions, not from the existing side. For example, asking again how the head of the Public Accounting Firm conducts performance assessments to reduce dysfunctional audit behavior and research on dysfunctional audit behavior is not only in the Public Accounting Firm but can be done in other public sectors.

Kinerja Lingkungan, Corporate Social Responsibility (CSR) dan Profitabilitas Perusahaan Pertambangan

Neks Triani; Sabarudin, sasmita Nabila Syahrir, Elpa Parinding, Riad Afrillah — Wed, 09 Apr 2025 00:00:00 +0000

This study aims to ascertain how mining industry profitability is impacted by corporate social responsibility and environmental performance. This quantitative study looks at how mining companies' profitability is affected by corporate social responsibility (CSR) and environmental performance (PROPER). The study's sample consisted of Indonesian public mining businesses that were listed between 2020 and 2023 on the Indonesia Stock Exchange. Eleven businesses in the mining industry served as the study's samples. Regression with fixed, random, and common effect models were used to analyze the study. The study's findings showed no correlation between profitability and environmental performance (PROPER), indicating that the Ministry of Environment's environmental performance standards have no effect on profitability.

Pengaruh Profitabilitas terhadap Nilai Perusahaan dengan ESG Performance sebagai Variabel Moderasi

Carolina Dewi Ning Tyas, Andri Prastiwi — Wed, 09 Apr 2025 00:00:00 +0000

ASEAN is an interesting region for Environmental, Social, and Governance (ESG) research due to the diversity of industrial sectors, and policies that are starting to support ESG adoption and ESG implementation is still at an early stage. This study aims to analyze the effect of profitability on firm value with ESG as a moderating variable in companies in the ASEAN region. The study population consists of 5,530 companies ASEAN listed in the Bloomberg database, with a sample of 661 companies selected using purposive sampling technique based on the completeness of ESG data for the 2019-2023 period. The research method uses a quantitative approach with panel data regression analysis using Eviews 13, where firm value is measured by Tobin's Q, profitability is measured by Return on Assets (ROA), and ESG is measured using ESG scores from Bloomberg which includes environmental, social and governance aspects. The results show that profitability has a positive and significant influence on firm value, and ESG is proven to strengthen the relationship between profitability and firm value. This suggests that good ESG practices can increase operational efficiency, improve corporate image, and provide positive signals to investors. During the study period (2019-2023), several external factors influenced the results, including the COVID-19 pandemic which encouraged companies to better utilize ESG as a crisis protection measure. In addition, evolving ESG regulations and ASEAN capital market characteristics such as small market capitalization and concentrated ownership, form a unique context for ESG implementation. This study concludes that the integration of ESG in corporate strategy not only supports sustainability, but also increases the attractiveness of the company in the eyes of investors, which ultimately contributes to an increase in firm value.

Analisis Bibliometrik: Tren Penelitian Sustainability Accounting pada Database Scopus (2015-2024)

Reyhan Dzikriansyah Sunarno, Sri Ningsih — Wed, 09 Apr 2025 00:00:00 +0000

This study aims to analyze research trends in the field of Sustainability Accounting published in the Scopus database between 2015 and 2024. The method used is bibliometric analysis with the help of VOSViewer software. Of the total 406 articles found, 63 articles relevant to this topic were selected based on certain criteria, reducing the number of remaining articles by 84.5%. The results of the analysis using Overlay Visualization (Co-occurrence) show that sustainability accounting is the center of research that is closely related to sustainability reporting, environmental accounting, and sustainability management. The development of research from 2015 to 2024 began with a focus on basic concepts, then shifted to sustainability integration and deepened on climate change issues and carbon accounting. Network Visualization reveals the close relationship between concepts with the formation of certain topic clusters. Density Visualization shows that the main topics have been widely studied, while carbon disclosure and circular economy are still in the exploration stage. Limitations of this study include the reliance on data from Scopus which may not cover all relevant publications, and the selected timeframe (2015-2024) which may limit understanding of long-term trends. Future research is recommended to explore topics such as gas emissions and climate risk disclosures as they relate to environmental risk management and sustainability implementation, especially in developing countries.

Optimalisasi Kinerja Inovasi: Mengungkap Pengaruh Intellectual Capital Terhadap Nilai Perusahaan

Imelda Dea Savila, Anis Chariri — Wed, 09 Apr 2025 00:00:00 +0000

The purpose of this study is to create a model that can determine how innovation performance is useful as a moderating variable in the relationship between intellectual capital and the value of a company. In this study, purposive sampling technique was used to select a sample of companies listed on the Indonesia Stock Exchange from 2019 to 2023. This study uses a quantitative descriptive approach, this method examines intellectual capital using the Value Added Intellectual Coefficient (VAIC), the value of a company is calculated using Tobin's Q ratio, and innovation performance is measured by looking at R&D expenditure. In addition to applying a quantitative descriptive approach, this study also used the multivariate regression analysis method to test the relationship between the research variables. The findings of this study are that although intellectual capital acts as a crucial strategic resource, its effect on firm value is not always direct. This indicates that companies need to optimize innovation performance to harness the potential of their intellectual capital. Effective innovation is able to convert intellectual capital into products or processes that have real value, and further contribute to increasing the competitiveness and value of the company in the market.

Strengthening Governance for Sustainability : The Role of ESG Committees in Enhancing Corporate Sustainability Performance in Indonesia

Meifaza Ainur Rosyidah, Sri Ningsih — Wed, 09 Apr 2025 00:00:00 +0000

Purpose: This study examines the impact of Environmental, Social, and Governance (ESG) committees on corporate sustainability performance in Indonesia. It evaluates whether ESG committees enhance sustainability reporting and corporate transparency, particularly in industries with high environmental and social risks.

Methodology/approach: Using an Ordinary Least Squares (OLS) regression with a cluster approach, this study analyzes 907 non-financial firms listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022. Robustness tests such as Coarsened Exact Matching (CEM) and fixed-effects regression ensure result reliability.

Findings: The findings reveal a significant positive relationship between ESG committees and corporate sustainability performance. Firms with ESG committees display higher ESG disclosure scores, especially in environmental and social aspects. This effect is more evident in high-risk industries and during crises like the COVID-19 pandemic.

Practical implications: This study highlights the need for regulatory frameworks that encourage ESG committees to enhance corporate accountability and sustainability. It provides insights for policymakers, investors, and executives on improving sustainability governance.

Originality/value: This research contributes to ESG governance literature with empirical evidence from an emerging market. It incorporates industry-specific and crisis-period analyses, offering a deeper understanding of ESG committee effectiveness.

Pengaruh Kinerja Keuangan dan Tata Kelola Perusahaan terhadap Penghindaran Pajak

Vianty Adella Santo, , Martha Angelina Manalu, Floretta Angeline — Wed, 09 Apr 2025 00:00:00 +0000

This study aims to analyze the effect of financial performance and corporate governance on tax avoidance, focusing on the relationship between agency theory and corporate tax decisions. Financial performance is measured through Return on Assets (ROA) and Debt to Equity Ratio (DER), while corporate governance is assessed based on board remuneration. The data used in this research consists of information from the financial statements of companies listed on the Indonesia Stock Exchange over a specific period. The results indicate that both ROA and DER do not have a significant effect on tax avoidance. This suggests that financial performance is not always a driving factor in tax avoidance decisions. In contrast, corporate governance has a notable impact on tax avoidance, indicating that companies with good governance practices tend to be more transparent in their financial reporting and avoid risky tax evasion actions. These findings align with agency theory, which posits that conflicts between managers and shareholders can influence corporate decisions. Good governance practices can mitigate such conflicts and promote more ethical behavior in taxation. This research provides important insights for stakeholders to enhance corporate governance in order to minimize tax avoidance and support better tax compliance.

Pengaruh Tax Planning, Tax Avoidance dan Leverage Terhadap Firm Value

Daniel Artha Wahyuda, Mira Falatifah, Lady Karlinah — Wed, 09 Apr 2025 00:00:00 +0000

This study analyzes the effects of tax planning, tax avoidance, and leverage on firm value in Consumer Cyclicals and Non-Cyclicals companies listed on the Indonesia Stock Exchange during the period 2020–2022. The research design used in this study is a quantitative method. Data were sourced from financial statements through www.idx.co.id. The techniques of data analysis are descriptive statistics, classical assumption tests, and multiple linear regression using the Random Effect Model (REM). Hypothesis testing was conducted by using a t-test for partial effects and F-tests for simultaneous effects. The results show that, on a partial basis, tax planning and tax avoidance do not have any significant impact on firm value, while on the other hand, leverage has a positive and significant effect on firm value. Aggregately, the three independent variables comprising tax planning, tax avoidance, and leverage substantially affect firm value. The findings of this research suggest that leverage is a critical factor in enhancing a firm's value, while tax strategies, although effective in reducing tax obligations, may not be considered as a key determinant in the valuation of investors. In this regard, the findings suggest that management should exercise caution when engaging in aggressive tax strategies, because most investors are more concerned about long-term stability and good corporate governance.

Keywords: Tax Avoidance; Tax Planning; Leverage; Firm Value

Economic Expertise In Leadership : How CEO Economic Certifications Drive Corporate EES Performance

Rosyadatul Ulufiyah , Iman Harymawan — Wed, 09 Apr 2025 00:00:00 +0000

This study examines the relationship between CEO economic certifications and corporate sustainability performance, particularly in environmental, economic, and social (EES) aspects. Using a dataset of non-financial companies listed on the Indonesia Stock Exchange (IDX) from 2016 to 2021, the study applies Upper Echelons Theory to explore how CEO economic expertise influences strategic decision-making and corporate sustainability outcomes. The results show a significant positive correlation between CEO economic certification and EES Scores, suggesting that CEOs with economic backgrounds are more adept at implementing sustainability strategies, optimizing resource management, and improving corporate transparency. The findings also emphasize the increasing regulatory and market-driven expectations for corporate sustainability in Indonesia, particularly under frameworks such as POJK 51/2017. Despite the positive relationship, challenges remain in fully integrating sustainability principles across industries. The study provides implications for corporate governance, regulatory bodies, and investors seeking to enhance corporate sustainability through executive leadership.

Peran Pengungkapan ESG dalam Meningkatkan Nilai Perusahaan dan Kinerja Keuangan di Sektor Perhotelan Indonesia: Moderasi Ukuran dan Usia Perusahaan

Jovan Febriantoko, Kartika Rachma Sari, Rosy Armaini — Wed, 09 Apr 2025 00:00:00 +0000

This study aims to explore the impact of ESG disclosures on firm value and financial performance in the hotel, resort, and cruise subsector, with company size and age as moderating variables. The study population consists of companies in the hospitality industry listed on the Indonesia Stock Exchange. A purposive sampling method was employed, resulting in a sample of 32 companies that made complete ESG disclosures for the 2021-2022 period. Using panel data analysis, this study examines the relationship between ESG initiatives and firm value (FV) and financial performance (FP), moderated by company size and age. The findings reveal that ESG disclosures explain 82.15% of the variation in firm value (FV) and 87.19% of the variation in financial performance (FP), indicating a significant impact of ESG on enhancing company reputation and performance, particularly among younger companies, with six firms in the younger category. These findings highlight the importance of integrating ESG initiatives into the hospitality industry to improve operational efficiency, enhance stakeholder trust, and drive better financial outcomes. This research provides empirical evidence for managers to prioritize sustainability in business strategies, emphasizing its role in fostering long-term growth and competitiveness.

Relevansi Penerapan ESG Bagi Perusahaan : Systematic Literature Review

Wed, 09 Apr 2025 00:00:00 +0000

ESG refers to three central factors of measuring the impact of sustainability and ethics in investment decision making. The three factors are: Environmental, Social and Governance. This study is a literature study with a descriptive qualitative research type with a literature review (library research) that attempts to describe ESG in relation to company value. In this study the author uses written sources, both articles and journals that are relevant to the study in this study. The data collection technique uses the Publish or Perish (PoP) application which searches the Scopus database. In the Vosviewer software, there are 3 visualization displays in bibliometric analysis, namely ESG, Firm Value and ESG Disclosure. This application is used to see the development of research in the field of Environmental Social Governance (ESG) and a literature review to understand how ESG principles are applied to companies. A number of impacts in the implementation of ESG and its influence on company value. The implications of this research are expected to provide input for ESG-Based Policy Development, which can be used by the government to formulate policies that are more responsive to environmental, social, and governance issues. By understanding the importance of ESG, the government can attract more investments that focus on sustainability, which in turn can increase growth. Despite the challenges faced, the implementation of ESG principles in accounting practices also provides a number of benefits for companies.

Kinerja Lingkungan dan Biaya Lingkungan: Faktor Penentu Nilai Perusahaan di Era Keberlanjutan

Rahma Ayu Pertiwi, Indira Januarti — Wed, 09 Apr 2025 00:00:00 +0000

This study aims to examine the effects of environmental performance and environmental costs on the firm value of manufacturing companies listed on the Indonesia Stock Exchange from 2020 to 2023. A quantitative method was employed using multiple linear regression analysis. The findings reveal that environmental performance does not have a significant impact on firm value, while environmental costs have a substantial negative effect. These results imply that corporate efforts to improve environmental performance have not directly contributed to an increase in market value, whereas the financial burden arising from high environmental expenditures may lead to a decline in company valuation. This study provides insights into the interaction between environmental sustainability and firm valuation, offering valuable implications for managerial strategies and investment decisions.

The Pengaruh Profitabilitas, Free Cash Flow dan Leverage Terhadap Manajemen Laba dengan Tata Kelola Perusahaan sebagai Variabel Moderasi

Fanny Pricillia, Estralita Trisnawati, Verawati — Wed, 09 Apr 2025 00:00:00 +0000

The COVID-19 pandemic is a challenge for the Indonesian economy, including companies in the cyclical and non-cyclical sectors which are experiencing a decline in production and income which has an impact on share prices and investor confidence. Therefore, to attract the attention of investors, management often tries to maximize profits through earnings management in financial reports. This is done with the aim of enabling the company to increase or decrease profits according to management's needs and desires, so that the company's financial reports look good in the eyes of interested parties. Several factors that can influence earnings management are profitability, free cash flow and leverage. This research aims to obtain empirical evidence regarding the influence of profitability, free cash flow and leverage on earnings management with corporate governance as a moderating variable in cyclical and non-cyclical sector companies listed on the Indonesia Stock Exchange. The population used in this research was 50 cyclical and non-cyclical sector companies listed on the Indonesia Stock Exchange in 2020-2023. The sample size was determined using a purposive sampling technique. This research is a quantitative research that uses Eviews version 13 software to process data. The results of this research indicate that profitability has no effect on earnings management. Free cash flow and leverage have a positive effect on earnings management. Corporate governance as a moderating variable is unable to moderate the influence of profitability on earnings management. Corporate governance as a moderating variable strengthens the influence of free cash flow and leverage on earnings management.

Sustainability Reporting and Earnings Management: Systematic Literature Review

Danti Sagita, Intan Meutia, Hasni Yusrianti — Thu, 10 Apr 2025 00:00:00 +0000

This study aims to examine the development of sustainability reporting (SR) and earnings management (EM). The researchers employed a structured literature review method, utilizing reputable electronic databases to gather data from 2016 to 2024, resulting in the selection of 32 studies based on inclusion and exclusion criteria. The findings of this study comprehensively present the developments, types of variables, measurements, and suggestions for future research related to sustainability reporting and earnings management. Research on SR and EM has shown a continuous increase from 2018 to 2024, with the non-financial sector being the most frequently studied. The most relevant and significant theories utilized in research are stakeholder theory, agency theory, and legitimacy theory. These theories are commonly employed to explain why companies engage in sustainability reporting. Types of variables related to SR include sustainability reporting, sustainability measures, sustainability disclosure, sustainability engagement, financial sustainability, corporate sustainability management, corporate, sustainable development, and corporate sustainability performance. Types of variables related to EM include earnings management, real earnings management, earnings quality, management earnings forecast, and earnings transparency. Measurement of SR variable is predominantly based on standard GRI Index, Sustainability Reporting Disclosure Index, and ESG scores. EM variable is measured using the effective tax rate and book-tax differences. This research contributes to the academic discourse and practical applications in the fields of sustainability reporting and earnings management, offering valuable insights for future studies in this area.

Enhancing Trust, Internal Control, and Accountability: Budget Goals Commitment as a Mediator

Rudiyanto, Zakiyya Tunnufus, Ela Widasari — Thu, 10 Apr 2025 00:00:00 +0000

We investigated the effects of trust in supervisors (TS), internal control (INCTRL), and budget goals commitment (BGC) on public performance accountability (PERFACT). Using data collected from 191 respondents through structured questionnaires, the research verifies the direct and indirect relationships between variables based on structural equation modeling (SEM) analysis. Our evidences reveal that in the first structural model, trust in supervisors and internal control significantly influence budget goals commitment, with trust in supervisors being significant. This highlights the critical role of fostering trust to ensure stronger commitment to budgetary objectives. In the second structural model, public performance accountability is significantly influenced by internal control and budget goals commitment. Although trust in supervisors has less of a direct impact on public accountability, indicating that its effect may be more nuanced and indirect. Furthermore, the study provides empirical evidence for the mediating role of budget goals commitment. Specifically, it demonstrates that budget goals commitment bridges the relationship between trust in supervisors and public accountability. This finding underscores the importance of a committed budgetary framework in enhancing accountability in public sector organizations. This relationship is highlighted by practitioners and policy makers as meaningful knowledge and insight. Strengthening internal control systems and fostering trust in supervisors, combined with a focus on budget goals commitment, can significantly enhance public performance accountability.

Integrasi Pendidikan Akuntansi CSR dalam Kurikulum Perguruan Tinggi: Analisis Dampak Pada Mahasiswa

Tenriwaru, Serlin Serang — Thu, 10 Apr 2025 00:00:00 +0000

Integrasi Pendidikan Akuntansi Tanggung Jawab Sosial Perusahaan (CSR) ke dalam kurikulum perguruan tinggi merupakan isu yang semakin relevan di tengah meningkatnya perhatian terhadap praktik bisnis berkelanjutan dan beretika. Penelitian ini bertujuan untuk mengeksplorasi pengalaman subjektif mahasiswa dalam mempelajari akuntansi CSR serta memahami bagaimana mereka memaknai materi tersebut. Dengan pendekatan fenomenologi, penelitian ini menggali pengalaman langsung mahasiswa dalam mengikuti pembelajaran akuntansi CSR dan menganalisis dampaknya terhadap pemahaman serta sikap mereka terhadap isu tanggung jawab sosial perusahaan. Hasil penelitian menunjukkan bahwa integrasi kurikulum akuntansi dan CSR sangat penting bagi mahasiswa. Kurikulum ini tidak hanya memberikan wawasan teoritis tetapi juga membangun kesadaran akan pentingnya praktik akuntansi yang bertanggung jawab secara sosial. Mahasiswa merasa bahwa pembelajaran akuntansi CSR membantu mereka memahami peran akuntansi dalam mendukung keberlanjutan perusahaan, meningkatkan kesadaran sosial, dan memperkuat nilai-nilai etika dalam praktik profesional. Penelitian ini memberikan kontribusi penting dalam pengembangan kurikulum perguruan tinggi, khususnya dalam membangun landasan yang kuat bagi mahasiswa untuk memahami dan menerapkan prinsip CSR dalam karier mereka di masa depan.

Pengaruh Pengelolaan Modal Kerja Terhadap Kinerja Perusahaan Jasa Konstruksi PT Waskita Karya (Persero) Tbk

Rudy H. S. Pardede , Hermanto Siregar , Trias Andati — Thu, 10 Apr 2025 00:00:00 +0000

This research examines the influence of working capital management on the performance of PT Waskita Karya (Persero) Tbk. (WSKT), one of the largest construction services companies in Indonesia which has been involved in toll road investment since 2015. An increase in debt that is not proportional to income as well as negative cash flow and a decrease in equity indicate pressure in managing costs and income. This research analyzes the relationship between working capital policy, working capital management, and company performance as measured by Return on Assets (ROA), Return on Equity (ROE), and Tobin's Q. Data are taken from quarterly financial reports for the period 2013 to quarter 1 of 2024 . The research method involves multiple linear regression analysis and evaluation of variables such as Average Collection Period (ACP), Average Payment Period (APP), Inventory Conversion Period (ICP), and Cash Conversion Cycle (CCC). The results show that working capital management has a significant effect on company performance. ACP, APP, ICP, and CCC significantly influence ROA, ROE, and Tobin's Q. Aggressive investment policy (AIP) and aggressive financing policy (AFP) were also found to influence performance, with the implication that effective working capital management is the key to improving construction company performance.

Determinan Pengungkapan Emisi Karbon: Sebuah Studi di Sektor Energi

Desiana, Ulfa Luthfia Nanda, Iwan Hermansyah — Thu, 10 Apr 2025 00:00:00 +0000

The issue of global warming is an issue that attracts the world's attention, the increase in carbon emissions released by industry and motor vehicles is suspected to be the cause, the world is committed to reducing the effects of greenhouse gases in the Kyoto Protocol, the Kyoto Protocol is an international convention that agrees to reduce the effects of greenhouse gases implemented in Kyoto in 1997. This study aims to see the effect of environmental performance, financial performance, company size, reputation of public accounting firms and company age on carbon emission disclosure, the population in this study are energy sector companies listed on the Indonesian Stock Exchange for 2018-2022 that publish annual reports and/or sustainability reports, the sampling technique uses purposive sampling, the total sample in this study is 90 energy sector companies that meet the criteria, the analysis technique uses multiple linear regression analysis to test the hypothesis. The results of this study indicate that environmental performance and company age have a significant effect on carbon emission disclosure, while financial performance, reputation of public accounting firms and company size have no effect on carbon emission disclosure

Carbon Emissions as a Moderator of Board Characteristics and Cost of Debt

Sillvyana Budiarto, Tan Ming Kuang — Thu, 10 Apr 2025 00:00:00 +0000

This study investigates how carbon emissions moderate the relationship between board characteristics and cost of debt in Indonesia's two-tier corporate governance system. A total of 612 firm-year observations were collected from 204 non-financial companies that were incorporated in the Indonesia Stock Exchange (IDX) from the year 2020 to 2022. Using Moderated Regression Analysis (MRA), the study demonstrates that the cost of debt is unrelated to the number of women on the board and the independence of commissioners. However, this finding indicates that carbon emissions moderate the influence of gender diversity on cost of debt. Employing Robustness Standard Errors, the study's findings are solid. The outcome of this research implies that board members and management may use this information to manage loan expenses by hiring more women. It is suggested that women on the board are more aware of environmental performance, which could lower the cost of debt for companies with low carbon emissions.

Factors Affecting Transfer Pricing

Umi Kalsum, Rika Henda Safitri, Mukhtaruddin, Riska Novelia — Fri, 11 Apr 2025 00:00:00 +0000

The purpose of this study is to examine the factors that influence transfer pricing including profitability, bonus mechanism, exchange rate, company size, debt covenant, tunneling incentive, intangible assets, tax minimisation, tax haven, audit committee, independent commissioner, managerial ownership and institutional ownership. The population of this study consists of all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2017-2021. The data sample was collected using purposive sampling technique and resulted in 60 observation data. The results of the analysis show that the variables of profitability (X1), bonus mechanism (X2), company size (X4), audit committee (X10), independent commissioner (X11), institutional ownership (X12) have an effect on transfer pricing, while the exchange rate (X3), debt covenant (X5), tunneling incentive (X6), intangible assets (X7), tax minimization (X8), tax haven (X9), and managerial ownership (X13) have no effect on transfer pricing.

Carbon Emission Disclosure, Corporate Social Responsibility, Green Accounting : Firm Value Moderated by Profitability

Alya Diajeng Pangestu, Nawirah — Fri, 11 Apr 2025 00:00:00 +0000

Firm value, as used in accounting, is the value derived from the market and represented by stock prices. Among the elements that influence firm value are carbon disclosure, CSR, and green accounting. By applying profitability as a control variable, this study examines how carbon disclosure, CSR, and green accounting impact firm value. A total of 186 energy and basic materials companies listed on the Indonesia Stock Exchange were the subjects of the study. The sample for this study includes 14 companies from the energy & basic materials sector that regularly publish sustainability reports and annual reports with regard to profitability between 2021 and 2023. The sample for this study consists of 14 companies from the energy and basic materials sector that regularly release sustainability reports and annual reports for the years 2021-2023 with regard to profitability. In this study, Eviews 12 software was used to conduct panel data regression analysis and modified regression analysis (MRA). The findings show that although carbon disclosure and green accounting have no impact on firm value, corporate social responsibility (CSR) significantly affects it. Furthermore, corporate profitability does not increase or decrease the impact of CSR, carbon disclosure, and green accounting on firm value.

The Impact of Financial Literacy, Technological Progress, Income, and Lifestyle on Investment Interest: The Role of Gender as a Moderator Variable

Erny Luxy D Purba, Roza, Kornelius — Fri, 11 Apr 2025 00:00:00 +0000

Along with the development of the global economy and changing financial trends, students are increasingly faced with opportunities to get involved in various investment instruments. Therefore, students are potential young investors who are expected to be able to contribute actively to advancing and increasing investment. This research aims to examine and describe the factors that influence students' investment interest in the city of Medan. This research was conducted at economics faculties at six universities in Medan City. The data source for this research is a primary data source. This research uses a quantitative approach. The sample for this research consisted of 262 data which met the sample criteria using the purposive sampling method. The data obtained was then analyzed using Partial Least Square-SEM with the help of the smartPLS 4.0 application. Partial research results show that financial literacy, technological progress, income have a positive and significant effect on investment interest, lifestyle does not have a significant effect on investment interest. The moderating variable gender does not act as a moderating variable that strengthens or weakens the relationship between Financial Literacy and Investment Interest. Gender as a moderating variable further strengthens the relationship between Technological Progress and Investment Interest. The gender moderating variable does not influence the relationship between Income and Investment Interest. Gender as a moderating variable does not strengthen or weaken the relationship between Lifestyle and Investment Interest. It is hoped that this research can provide additional contributions in the field of similar literature for the development of further research and be useful for interested parties.

Pengaruh Corporate Social Responsibility, Profitabilitas, Beban Pajak Tangguhan Terhadap Manajemen Laba

Dwi Ermayanti Susilo, Ina Nikmatul Chasanah, Imam Hasan — Fri, 11 Apr 2025 00:00:00 +0000

This research was conducted to determine the influence of Corporate Social Responsibility, Profitability, Deferred Tax Burden on Profit Management. Deferred tax assets arise if the time difference causes a positive correction so that the tax burden according to accounting is smaller than the tax burden according to tax regulations. Meanwhile, according to the Statement of Financial Accounting Standards (PSAK) No. 46 Revised 2017, deferred tax assets are the amount of income tax recoverable in the future period as a result of temporary differences that may be deducted and remaining loss compensation. Companies always try to reduce the amount of taxable profit with the aim of keeping tax payments low. The research uses quantitative methods with time series data for 2019-2022. The data analysis technique used is multiple linear regression analysis. The source of research data comes from 16 companies in the Automotive Sub Sector on the Indonesia Stock Exchange (BEI). The sampling technique in this research was purposive sampling method, data was obtained from 16 companies. The research results show that Corporate Social Responsibility (CSR) has an effect on Profit Management. Return On Assets (ROA) influences Profit Management. Deferred Tax Expenses affect Profit Management

The Effect of Corporate Social Responsibility, Profitability, Activity Ratio, Solvency Ratio, and Liquidity Ratio on Corporate Value

Mustari — Fri, 11 Apr 2025 00:00:00 +0000

This research aims to determine the influence of Corporate Social Responsibility, Profitability, Activity Ratios, Solvency, and Liquidity on Company Value in Mining Companies Listed on the IDX for the 2014-2018 period. The background of this research is the fluctuation and continued decline in coal prices year by year in the mining sector. This is a descriptive and explanatory study using multiple linear regression analysis. The software used for data analysis is Eviews 10. Data analysis in this study begins with a model test using the Common Effect Model, Fixed Effect Model, and Random Effect Model, followed by model selection tests such as the Chow test, Hausman test, and Durability Multiplier test. Classic assumption tests include normality, heteroskedasticity, autocorrelation, and multicollinearity tests. Subsequent steps involve multiple linear regression tests and hypothesis testing in the form of partial regression coefficient tests (t-tests) and determination coefficient tests. The population of this research consists of 210 financial reports, while the sample comprises 35 reports meeting the criteria of having Annual and Sustainability Reports. The data used is secondary data obtained through documentation and literature study methods. The findings indicate that CSR does not influence Firm Value (Tobin'Q), Profitability (EPS) does not affect Firm Value (Tobin'Q), Activity Ratio (TATO) influences Firm Value (Tobin'Q), Solvency (DAR) influences Firm Value (Tobin'Q), and Liquidity (CR) influences Firm Value (Tobin'Q) with a value of 0.0249. From the coefficient of determination (R2), it is concluded that Corporate Social Responsibility, Profitability, Activity Ratios, Solvency, and Liquidity have a simultaneous effect.

Mendeteksi Indikasi Manipulasi Laporan Keuangan Menggunakan Model Altman dan Beneish

Maulida Salmi Utie, Siti Nurwahyuningsih Harahap — Sun, 13 Apr 2025 00:00:00 +0000

The study focuses on the relationship between financial distress and indications of financial statement manipulation by PT AISA. Until 2017, PT AISA was in good financial condition as indicated by the published financial statements and the unqualified opinion obtained from the external auditor. However, in 2018, PT AISA experienced a default which resulted in the suspension of shares from the IDX and default status on the bond rating from PEFINDO. In this case, an investment was made by EY which showed indications of financial statement manipulation by PT AISA. The AISA case was made the subject of research using quantitative methods. The data used came from PT AISA's financial statements since the IPO in 2003 to 2017. The Z-score model (Altman, 1968) and M-score (Beneish, 1999) were used to analyze the financial statement data. The results of the analysis show that the use of both models simultaneously can identify the relationship between financial statement manipulation and financial performance.

Dampak Pengetahuan, Kesadaran, dan Sanksi Pajak terhadap Kepatuhan Wajib Pajak Kendaraan di Medan

Hantono, Selvia Fransiska Wijaya — Sun, 13 Apr 2025 00:00:00 +0000

Taxpayer compliance is a crucial factor that determines the success of the taxation system in a region. However, in Medan City, the level of motor vehicle taxpayer compliance remains relatively low. This can be observed from the low tax payment rates and high levels of motor vehicle tax arrears. One of the contributing factors is the lack of public understanding about the importance of taxes and the applicable tax mechanisms. Additionally, taxpayer awareness and the suboptimal accountability of public services also affect tax compliance. Therefore, there is a need for research to better understand the factors influencing motor vehicle taxpayer compliance in Medan City. This study aims to analyze the influence of tax knowledge, taxpayer awareness, public service accountability, and tax sanctions on the compliance of motor vehicle taxpayers in Medan City..

Pengembangan Teknologi Keberlanjutan Berbasis E-Governance dengan Kecerdasan Buatan Terhadap Kepuasan Masyarakat Terhadap Pemerintah

Hurian Kamela — Mon, 14 Apr 2025 00:00:00 +0000

There is still limited development-based sustainability technology based on e-governance with artificial intelligence (AI) on community satisfaction. Previous research only discusses e-governance with artificial intelligence (AI) without comparing with community satisfaction. This research is based on the development of research from (Wurster et al., 2023) to add additional variables regarding the conditions that occur regarding sustainability, governance and Artificial Intelligence (AI). The research design is quantitative. Community survey (questionnaire) cities and districts in the Jabodetabek area The research time is 1 month (September 2024). The results of the study are (1) the community is not very influential on actions regarding technological developments, perhaps because the community already knows enough about technology and (2) the community already understands and understands the development of websites regarding governance, so there is no need to take additional actions.

Business Intelligence Systems and Their Impact on Organizational Decision-Making and Performance Outcomes: Literature Review

Adek Wahyu Nugroho, Anak Agung Gde Satia Utama — Mon, 14 Apr 2025 00:00:00 +0000

This study examines the role of Business Intelligence (BI) in decision-making and organizational performance. BI is an essential tool for collecting, analyzing, and presenting relevant data, thereby supporting management in making more accurate and data-driven decisions. The method used in this study is thematic synthesis, where relevant literature is gathered from various academic databases such as Google Scholar, ScienceDirect, and SCOPUS. Inclusion and exclusion criteria are applied to ensure that only high-quality and relevant studies are considered. The analysis results indicate that BI implementation can enhance operational efficiency and create a competitive advantage for organizations. However, the success of BI implementation heavily relies on management support, data quality, as well as technological readiness and human resource skills. This study also identifies the challenges faced in BI adoption, including data integration issues and the need for user training. The findings are expected to provide insights for organizations in leveraging BI to improve performance and make better decisions.

Pengaruh Pelaksanaan Risk Based Internal Audit Terhadap Pencegahan Fraud

Susi Astuti, Agustina Riyanti — Tue, 15 Apr 2025 00:00:00 +0000

Fraud is currently a concern for business stakeholders in a company or institution, as many entities experience setbacks due to a lack of prevention and discipline over actions that can lead to fraud, resulting in a decline in public trust towards a company. Fraud is an illegal act committed intentionally to achieve certain goals, such as fulfilling the social needs of the perpetrator. Fraud can be committed by insiders or outsiders for personal, group, or factional gain. Financial statement fraud is the intentional or negligent misrepresentation of a material aspect of an organization by manipulating or engineering the financial statements. Therefore, the purpose of this research is to understand and analyze the role of risk-based internal audit in the context of fraud prevention efforts. This research uses the qualitative interpretive phenomenology method. Data collection in this study used interviews at RSUD Dr. Soedirman with a total of eight informants who served as internal auditors. The results of this study can be concluded that RSUD Dr. Soedirman Kebumen is at the risk enables level, meaning that RSUD Dr. Soedirman Kebumen has implemented a culture of fraud prevention. RSUD is a government agency, so it has clear regulations and guidelines in carrying out organizational activities.

Event Study: Capital Market Reaction Before and After the Announcement of Presidential and Vice Presidential Candidates 2024

Sasi Kirana Hayumurti, Khomsiyah — Thu, 17 Apr 2025 00:00:00 +0000

This study aims to determine the reaction of the capital market before and after the announcement of the 2024 election. This study is an event study using abnormal returns to test the reaction of the capital market to one of the national political events, the announcement of the disputed results of the 2024 presidential election. This study also investigates the difference in abnormal returns, which occurs between the date of the event and the date after the event. The population of this study is the shares of companies whose owners are affiliated with the elected candidate pair. The secondary data used are daily stock prices starting from 6 days before and 7 days after the election event. Single sample t-test and pairs are used to test the hypothesis. The results of the study indicate that there is an abnormal return that occurs on the event date. In addition, empirical testing shows that there is a difference in abnormal returns, or abnormal, before and after the event date. Another thing also shows that the Indonesian capital market is relatively stable and not too affected by national political events if the event has been predicted in advance by investors. This indicates that other economic factors such as monetary policy, inflation rates, and industrial prospects have a more dominant influence than the results of the election dispute. For investors and capital market regulators, these results can serve as a reference that not all political events have a direct impact on stock market performance.

Mampukah Ukuran Perusahan Memoderasi Hubungan Profitabilitas Dan Leverage Terhadap Penghindaran Pajak

Barry Truman Agustadana, Khomsiyah — Thu, 17 Apr 2025 00:00:00 +0000

Tax in the eyes of the state is an income that is used to finance government administration, but for companies tax is a burden that can affect the profits generated by the company. The existence of these differences in interests makes taxpayers able to avoid taxation (Alfaruqi et al., 2019). The opportunity for tax avoidance to occur is also caused by the Indonesian government adopting a self-assessment system in its tax collection system (Razif & Rasyidah, 2020). This research is an extension of research conducted by Bratakusuma (2021). The population in the research is companies in the primary consumer goods and non-primary consumer goods sectors listed on the IDX in 2020 - 2022, with a total of 192 sample companies. The sampling method used in the research is the purposive sampling method and SPSS will assist in processing the data. The results of this research show that profitability has a negative effect on tax avoidance and leverage has a positive effect on tax avoidance. Company size strengthens the positive influence between leverage on tax avoidance and company size strengthens the negative influence between profitability on tax avoidance.

Systematic Literature Review : Dampak Tax Incentives terhadap Inovasi dan Pertumbuhan Ekonomi

Lady Karlinah, Liem Yan Sugondo, Mira Falatifah, Daniel Artha Wahyuda — Thu, 17 Apr 2025 00:00:00 +0000

This study systematically reviews the impact of tax incentives on innovation and economic growth. Tax incentives, as a fiscal policy tool, have the potential to stimulate investment in research and development (R&D), fostering innovation in key sectors such as technology and manufacturing. The findings suggest that tax incentives can accelerate innovation and long-term economic growth, particularly in countries with economic stability and a private sector ready to innovate. However, the effectiveness of this policy depends on factors such as policy design, macroeconomic conditions, and supporting regulatory and socio-political factors. This study concludes that to maximize the impact of tax incentives, policies should be tailored to specific sectoral needs and supported by other holistic policies.

Pengaruh Profitabilitas, Firm Size dan Sales Growth terhadap Tax Avoidance

Vallerie Redyna Putri, Mira Falatifah, Lady Karlinah — Thu, 17 Apr 2025 00:00:00 +0000

Taxation plays a crucial role as one of the main sources of Indonesia’s revenue. However, taxpayers often attempt to avoid it through tax avoidance practices that exploit gaps or loopholes in tax regulations. This study aims to analyze the effect of profitability, firm size, and sales growth on tax avoidance. The sampling method used is purposive sampling, with a sample of 31 manufacturing companies in the food and beverage sub-sector from 2020 to 2022, obtained from secondary data on the Indonesia Stock Exchange website. The results of this study indicate that, partially, profitability has a significant negative effect on tax avoidance, firm size has a significant positive effect on tax avoidance, and sales growth has an insignificant negative effect on tax avoidance. Meanwhile, simultaneously, all three independent variables have an effect on tax avoidance.

Keywords: Profitability, Firm Size, Sales Growth, Tax Avoidance

Pengaruh ESG terhadap Cost of Capital selama Pandemi Covid-19 dengan Kinerja Keuangan sebagai Variabel Moderasi (Studi pada Perusahaan SRI-KEHATI Tahun 2020-2023)

Arma Karisma Arditiyan, Agus Purwanto — Thu, 17 Apr 2025 00:00:00 +0000

This study explores the moderation of financial performance in the relationship between ESG disclosure and the cost of capital in Indonesia during the COVID-19 pandemic. It uses financial data from 15 public companies consistently listed on the SRI-KEHATI stock index from 2020 to 2023. The regression analysis employed is multiple linear regression using the SPSS v28 program. The results reveal that environmental disclosure has a significant negative impact on the cost of capital, while social and governance disclosures do not have a statistically significant effect. Furthermore, financial performance strengthens the negative relationship between environmental disclosure and the cost of capital, strengthens the positive relationship between social disclosure and the cost of capital, but has no impact on governance disclosure. This suggests that ESG can help companies survive or even thrive during the pandemic. This study makes an important contribution to the literature by providing empirical evidence on the moderation of financial performance in the relationship between ESG disclosure and the cost of capital in Indonesia during the COVID-19 pandemic. These findings can serve as a reference for academics and practitioners to understand the importance of ESG for companies in developing countries.

Pengaruh Moral Reasoning, Budaya Collectivisme, dan Ethical Environment terhadap Tindakan Whistleblowing

Mahwiyah, Fidiana Fidiana, Wahidahwati Wahidahwati — Sat, 19 Apr 2025 00:00:00 +0000

This study aims to analyze the effect of moral reasoning, collectivist culture, and ethical environment on whistleblowing action. Furthermore, the research applies quantitatively with a questionnaire as the instrument. Measurement and testing of correlation between the research hypothesis variables using the SEM method which will be calculated using the Smart PLS program. The population consists of employees at Syariah Indonesia Bank, Surabaya branch. Moreover, the result shows that moral reasoning has a positive and significant effect on whistleblowing action for employees at Syariah Indonesia Bank, Surabaya branch. Likewise, collectivist culture has a positive and significant effect on whistleblowing action employees at Syariah Indonesia Bank, Surabaya branch. However, an interesting finding concludes that collectivist culture tends to prioritize group needs compared to individuals. Thus, it can affect individual courage to report unethical behavior. In addition, the findings can be a guide for Indonesia Syariah Bank giving insights into creating a culture that supports integrity and transparency. Also, it supports the individual to be brave in reporting ethical violence.

Pengaruh Financial Distress, Cash Holdings, dan Profitabilitas Terhadap Manajemen Laba dengan Syaria Supervisory Board sebagai Variabel Moderasi

Ajeng Suci Mawa Rindani, Zulfikar — Mon, 21 Apr 2025 00:00:00 +0000

One of the goals of a company is to generate profits or large profits from the results of its operational activities, where a company can be considered good when the company can achieve and maximize its profits, profit management is one of the manager's choices in accounting policies to achieve some of its goals. Profit management can be done in the form of income increasing or income decreasing, depending on the needs and goals to be achieved. A company's profit management actions are carried out by way of income increasing or income decreasing, depending on the needs and goals to be achieved. n profit. This study aims to analyze the effect of financial distress, cash holding, and profitability on earnings management with the sharia supervisory board as a moderating variable. The population used is all sharia banking companies registered with the Financial Services Authority (OJK) for the period 2020 to 2023, totaling 33 companies. This study is a quantitative study through the use of secondary data. Using the purposive sampling method, namely sampling based on certain criteria so that 23 companies were obtained, and 92 samples for four years, with final data of 79 samples. Using multiple linear regression techniques and MRA. The results of the study show empirical evidence that profitability affects management earnings, the higher the profitability the lower the management earnings. The higher the profitability of the company, the more motivated it will be to present its actual financial statements without the need to practice earnings management. While the level of financial distress of a company does not affect earnings management. The condition of a company experiencing financial difficulties does not always encourage the company to carry out earnings management. Likewise, a company's cash holding has nothing to do with earnings management. In addition, the Sharia Supervisory Board as a moderating variable can moderate the effect of profitability on earnings management, weakening the effect of profitability on earnings management practices, because of the control and also sharia ethics that must be upheld by the company.

Pita Cukai Digital: Systematic Literature Review, Potensi Dan Tantangan Dalam Pemberantasan Rokok Ilegal Di Indonesia

Yasmina Aziza Astri, Muhammad Yopan — Fri, 25 Apr 2025 00:00:00 +0000

Excise duty plays a dual role as a source of state revenue and a regulatory instrument to control the consumption of goods with negative externalities. Unlike other taxes, excise collection requires a physical marker, typically an excise stamp, which also functions as a monitoring tool. With technological advancements, conventional excise stamps have evolved into digital forms incorporating features such as track-and-trace systems, direct marking, or QR codes, which enhance transparency and enforcement by allowing both authorities and the public to verify product authenticity. This study employs a systematic literature review (SLR) to examine the implementation of digital excise stamps in various countries and assess their relevance to the Indonesian context. The findings indicate that digital excise stamps offer significant opportunities for improving excise administration and increasing state revenue. However, challenges remain, including differences in the structure and scale of Indonesia’s tobacco industry, the nature of excise violations, and the high initial investment costs required for implementation. The study provides valuable insights for policymakers considering the adoption of digital excise stamp in Indonesia.

Impact of Fiscal Transfers and Local Revenue Accountability on Community Welfare in Indonesia

Muhammad Herdyan Summana Isman, Roy Valiant Salomo, Muhammad Rafi Bakri — Sun, 27 Apr 2025 00:00:00 +0000

Community welfare is a national goal outlined in the Preamble of the 1945 Constitution. The Human Development Index (HDI) serves as a key indicator for measuring welfare across three dimensions: health, education, and a decent standard of living. This study aims to analyze the impact of fiscal transfers—General Allocation Fund (DAU), Special Allocation Fund (DAK), and Revenue Sharing Fund (DBH)—along with Local Own-Source Revenue (PAD) on HDI at the provincial level in Indonesia. The research employs a quantitative approach using panel data from all districts and cities in Indonesia for the period 2019–2023, resulting in 2,540 observations collected through a census method. Data analysis is conducted using Fixed Effect Model (FEM) regression to assess both direct effects and the moderating role of fiscal accountability mechanisms, measured by the Government Agency Performance Accountability System (SAKIP) and internal audit (APIP) scores. The findings reveal that PAD and DAK significantly improve HDI, while DAU has no significant effect. Furthermore, higher levels of fiscal accountability strengthen the effectiveness of fiscal transfers in enhancing community welfare. Conversely, weak financial governance and a lack of transparency hinder the optimal utilization of fiscal resources. This study concludes that strengthening oversight, financial governance, and accountability mechanisms is essential to maximizing the benefits of fiscal decentralization, ensuring more equitable resource distribution, and promoting sustainable improvements in community welfare.

Unveiling the Drivers of Enterprise Risk Management Disclosure: The Influence of Firm Complexity, BoD, and CRO

Nova Rachmania, Dewi Pangestuti — Sun, 25 May 2025 00:00:00 +0000

This study aims to examine the influence of firm complexity, the board of directors, and the chief risk officer (CRO) on enterprise risk management (ERM) disclosure in energy sector companies listed on the Indonesian Stock Exchange (IDX) from 2018 to 2023. The sample for this study comprised 50 companies, selected using purposive sampling, and provide 300 data points. The research employed panel data regression analysis to assess the relationships between the variables. The findings reveal that while firm complexity and the composition of the board of directors do not significantly affect ERM disclosure, the presence of a chief risk officer has a positive and significant impact on the level of ERM disclosure. These results suggest that energy companies should prioritize the role of the chief risk officer in enhancing the transparency and quality of their ERM practices. Furthermore, to optimize ERM disclosure, companies must carefully evaluate their strategies regarding organizational complexity and the role of the board of directors. This study underscores the importance of having a dedicated risk management function and offers practical insights for energy sector firms seeking to improve their ERM frameworks in the context of corporate governance.

Persepsi Auditor Indonesia: Artificial Intelligence dan Dampaknya yang Mengubah Kualitas Audit

Hotma Glorya Ika Sari, Daniel Artha Wahyuda — Thu, 29 May 2025 00:00:00 +0000

This study aims to examine Indonesian auditors' perceptions regarding the use of artificial intelligence (AI) in the audit process and its impact on audit quality. The study population comprises auditors employed at Public Accounting Firms in the JABODETABEK area. A purposive sampling technique was employed, resulting in a total sample of 208 auditors. This research utilizes a survey method through a questionnaire that includes items measuring the perceived ease of use and perceived usefulness of three types of AI systems: Assisted, Augmented, and Autonomous. The findings reveal that Assisted AI Systems are perceived as the easiest to use and the most beneficial, followed by Augmented AI Systems, which are considered more complex. In contrast, Autonomous AI Systems are regarded as the most challenging to use and the least advantageous. These results indicate significant differences in auditors' perceptions of the three AI system types, underscoring the importance of selecting appropriate technologies to enhance audit efficiency and quality. This study provides valuable insights for audit organizations in optimizing AI implementation while enhancing auditors' competencies to navigate challenges in the digital era.

Determinan Minat Berwirausaha Mahasiswa

Lala Latifa Annisa Aprilia, Nurabiah — Wed, 28 May 2025 00:00:00 +0000

This study aims to analyze the influence of e-commerce, entrepreneurial knowledge, accounting information systems, and motivation on the entrepreneurial interest of accounting students. The research employed a quantitative method with an associative approach. The sample consisted of 113 students from universities in Mataram City who had completed courses in Accounting Information Systems and Entrepreneurship, selected through purposive sampling. The results show that e-commerce (t = 0.413; p = 0.679) and entrepreneurial knowledge (t = 0.408; p = 0.684) do not have a significant effect on entrepreneurial interest. Conversely, accounting information systems (t = 8.380; p = 0.000) and motivation (t = 2.706; p = 0.007) have a significant effect. The coefficient of determination (R²) of 0.589 indicates that 58.9% of the variation in entrepreneurial interest can be explained by the four independent variables in the model. Several indicators were found to be invalid and are recommended not to be used in future research, including: for the e-commerce variable—honesty and responsibility, physical and mental endurance, and orientation and readiness to take risks; for the entrepreneurial knowledge variable—indicators related to marketing, banking, and the internet; for the accounting information systems variable—creative thinking, idea generation, and business opportunity analysis; and for the motivation variable—punctuality, reliability, profit, freedom, personal dreams, and independence.

The Moderating Role of Tax Planning in the Relationship Between Current Tax Expenses, Deferred Tax Assets, and Earnings Management

Adibah Yahya, Nabila Stefany Faleri, Rina Nurjanah, Aoliyah Firasati — Sat, 31 May 2025 00:00:00 +0000

The objective of this study is to examine the relationship between current tax expense, deferred tax assets, tax planning, and earnings management practices in firms. To this end, financial data from industry sectors of food and beverages is employed in panel regression analysis to determine whether current tax expense and deferred tax assets exert a significant influence on earnings management and whether tax planning acts as a moderator in the relationship. The research method uses quantitative descriptive analysis, with sample selection using purposive sampling. The data in this study were from 20 companies in 4 years. The results showed that current tax expense has a negative effect on earnings management, while deferred tax assets have a positive effect on earnings management. Tax planning does not affect earnings management, and cannot be a moderating variable for the effect of current tax expense and deferred tax assets on earnings management. The theoretical and practical implications of the findings of this study are expected to make a significant contribution to the accounting and financial management literature

Pengaruh Agresivitas Pajak, Komite Audit dan Ukuran Perusahaan terhadap Corporate Social Responsibility Disclosure: Dimoderasi oleh Profitabilitas

Djenni Sasmita, Helny, Anita Ade Rahma — Mon, 02 Jun 2025 00:00:00 +0000

The purpose of this study is to determine the Influence of Tax Aggressiveness, Audit Committee, and Company Size on Corporate Social Responsibility Disclosure with Profitability as a Moderator in Property & Real Estate Sector Companies Listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 Period. The population of this study includes all Property & Real Estate companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The sampling technique uses the purposive sampling technique. Based on the criteria that have been set, 18 companies were obtained. The type of data used is secondary data obtained from the Indonesia Stock Exchange website. The results of the study show that Tax Aggressiveness, Audit Committee and Company Size and the interaction variables between each independent variable and the moderation variable, namely Profitability, together have an influence on Corporate Social Responsibility Disclosure. The results of the study show that Tax Aggressiveness has no effect on Corporate Social Responsibility Disclosure, the Audit Committee has a positive effect on Corporate Social Responsibility Disclosure, and Company Size has a negative effect on Corporate Social Responsibility Disclosure. The moderation variable test shows that Profitability can moderate and weaken the influence of Tax Aggressiveness on Corporate Social Responsibility Disclosure, Profitability cannot moderate the influence of the Audit Committee on Corporate Social Responsibility Disclosure and Profitability cannot moderate the influence of Company Size on Corporate Social Responsibility Disclosure.

Pengaruh Kualitas Audit dan Asimetri Informasi terhadap Manajemen Laba dengan Good Corporate Governance sebagai Variabel Moderasi

Tri Noor Hidayah, Putri Awalina, Fitria Magdalena Suprapto — Mon, 02 Jun 2025 00:00:00 +0000

The purpose of this study is to investigate the relationship between Audit Quality and Earnings Management, using GCG as a moderating variable. Additionally, this study will examine the influence of Information Asymmetry on Earnings Management, moderated by GCG. Moderated Regression Analysis is the research approach used to investigate the moderating effect of GCG and the correlation among variables. Twenty companies were selected as the sample using purposive sampling over a five-year period (2019–2023). The findings indicate that earnings management is significantly influenced by audit quality, and that GCG strengthens the effect of audit quality in reducing earnings management practices. However, GCG is found to be involved in regulating the relationship between Information Asymmetry and Earnings Management, although Information Asymmetry does not directly have a significant impact on Earnings Management. The importance of using GCG principles to enhance accountability and transparency in corporate financial management is emphasized by this study. The results indicate that audit quality has a negative effect on earnings management, while information asymmetry has a positive effect. Good Corporate Governance is proven to moderate the relationship between information asymmetry and earnings management. This study contributes to strengthening agency theory and corporate governance oversight practices.

Reaksi Pasar pada Ketidaknormalan Pertumbuhan Persediaan

Davyn Muhammad Farrell, Zahroh Naimah — Tue, 03 Jun 2025 00:00:00 +0000

Abnormal inventory growth may reflect a response to high market demand or indicate inventory manipulation. This study aims to examine the market reaction to abnormal inventory in manufacturing companies in Indonesia. A quantitative approach was employed using an event study method based on secondary data from the financial reports of manufacturing firms listed on the Indonesia Stock Exchange (IDX) for the period 2017–2019. The sample was selected through purposive sampling, and data were analyzed using a one-sample t-test. The results show that a positive market reaction occurred only on the first and second days after the publication of financial statements, as measured by cumulative average abnormal return (CAAR). These findings suggest that abnormal inventory is perceived as good news when interpreted as a signal of the company’s readiness to meet future demand. In contrast, no significant market reaction was observed when abnormal inventory was suspected to result from inventory manipulation. This study contributes to understanding how investors interpret abnormal inventory as a signal of firm performance in the capital market.

Pengaruh Literasi Keuangan Dan Digital Payment Terhadap Minat Belanja Mahasiswa: Kepercayaan Sebagai Variabel Mediasi

Selfianti, Muryani Arsal, Ismail Badollahi — Tue, 10 Jun 2025 00:00:00 +0000

This study examines the influence of financial literacy and digital payment on students' shopping interest, with trust as a mediating variable. Using a quantitative approach with 116 postgraduate students from Universitas Muhammadiyah Makassar, data were analyzed through PLS-SEM. Results indicate that digital payment significantly affects shopping interest both directly (?=0.250, p<0.001) and indirectly through trust, while financial literacy shows no significant impact. These findings align with the Theory of Planned Behavior, where perceived behavioral control (digital payment ease) and trust shape behavioral intentions. The study addresses a critical gap by empirically validating trust's mediating role in fintech adoption among students, offering practical insights for digital payment providers to enhance security features and user experience.

Pengaruh Asia Sustainability Reporting Rating dan ASEAN Corporate Governance Scorecard Terhadap Firm Value

Bella Rahmadhani Anggita Putri, Dwi Jayanti — Fri, 13 Jun 2025 00:00:00 +0000

This study aims to analyze and determine the effect of the Asia Sustainability Reporting Rating and ASEAN Corporate Governance Scorecard on firm value. The objects in this study are 6 companies that get the rating category in Asia Sustainability Reporting Rating for the period 2019 to 2023. The research uses a quantitative approach with panel data analyzed as pooled data. The sample technique in this study was purposive sampling, obtained 30 sample data using multiple linear regression analysis. Data obtained from the NCCR website and the company's annual report. The results based on partial tests show that the Asia Sustainability Reporting Rating has no effect on firm value and the ASEAN Corporate Governance Scorecard has no effect on firm value. While the simultaneous test shows that the Asia Sustainability Reporting Rating and ASEAN Corporate Governance Scorecard have an effect on firm value as proxied by PBV. The implications of this study emphasizes the impoetance of a holistic approach in the implementation of Environmental Social Governance aspects to improve market perception and firm value.

Institutional Ownership and Social Responsibility Disclosure: Evidence from Mining and Energy Companies

Gea Ovelliany Tiaspupa, Barnabas Tridig Silaban — Fri, 13 Jun 2025 00:00:00 +0000

This investigation aims to verify the effect of institutional ownership on social responsibility disclosure (SRD) based on Global Reporting Initiative (GRI) standards, with two control variables: financial leverage (FL) and profitability (PROF). The population consists of 50 mining and energy corporations in the Indonesian Capital Market from 2017 to 2022. Moreover, this investigation employs the Slovin formula to grab 33 representative companies from the total population, which are chosen randomly. A regression model is then used to analyze the secondary data. As a result, this investigation reveals a positive association between institutional ownership and SRD. Similarly, this propensity is obtainable when examining the effect of two control variables, FL and PROF, on SRD. Ultimately, this research offers practical examples for these companies to take responsibility for the environment and the surrounding society at their locations.

Board Governance and Debt Cost: Evidence from technology companies listed on the Indonesian capital market

Natasha Cindy Widarmawan, Bram Hadianto — Sat, 14 Jun 2025 00:00:00 +0000

Debt cost is critical in strategic corporate decision-making, particularly for creditors and investors prioritizing fund recovery assurance. At the same time, top management must mitigate financial risks by establishing an optimal financing structure. This investigation aims to inspect the determinants of the cost of debt. According to the governance mechanism, one of the determinants is the supervisory board, which is quantifiable through the total number of people in this position and its independence. Furthermore, this investigation uses a quantitative design to verify the hypotheses, the saturated sampling method to select the Indonesian capital market technology companies between 2018 and 2023, the regression model with pooling data estimated by ordinary least squares (OLS), and the t-statistic to examine the hypotheses, and the generalized method of moments (GMM) to check the robustness of pooling data. Based on the estimation, both GMM and OLS provide an equal tendency, making the data robust. Overall, the size of the supervisory board has a positive influence on the cost of debt, but its independence has a negative one. Based on these circumstances, technology companies should establish a small supervisory board to reduce debt costs and consider additional outside supervisory boards to further decrease this cost.

Fraud Pentagon Theory dan Deteksi Kecurangan Laporan Keuangan: Pendekatan Beneish M-Score pada Sektor Perdagangan

Fatimah Azzahra F. Tamaela, Irfan Zamzam, Asrudin Hormati, Zainuddin — Fri, 13 Jun 2025 00:00:00 +0000

Financial statement fraud remains a serious concern that threatens the reliability of financial reporting and investor confidence. The Fraud Pentagon Theory identifies five elements that drive fraudulent behavior—pressure, opportunity, rationalization, competence, and arrogance—yet their empirical relevance may differ across industries. This study aims to examine the influence of these five elements, proxied by financial target, financial stability, nature of industry, auditor change, director change, and CEO duality, on financial statement fraud in trading sector companies listed on the Indonesia Stock Exchange (IDX) during 2021–2023. Using purposive sampling, a total of 168 firm-year observations from 56 companies were analyzed, with financial statement fraud measured by the Beneish M-Score and logistic regression performed via SPSS 26. The results reveal that financial stability and the nature of industry significantly increase the likelihood of fraudulent financial reporting, while financial target, auditor change, director change, and CEO duality do not have a significant impact. These findings suggest that not all elements of the Fraud Pentagon are equally relevant in detecting financial statement fraud, highlighting the importance of contextual and industry-specific approaches in refining fraud risk assessment and contributing to the development of a more nuanced application of the Fraud Pentagon Theory in empirical research.

Pengaruh Transfer Pricing, Profitabilitas, dan Leverage Terhadap Penghindaran Pajak (Studi Empiris Pada Perusahaan Coal Production Yang Terdaftar Di BEI 2019-2023)

Fadilah Amal Ramadhan, Dyah Purnamasari — Sat, 14 Jun 2025 00:00:00 +0000

Tax avoidance remains a major challenge for state revenues, especially in sectors that are vulnerable to fiscal manipulation, such as the coal industry. This study aims to examine the partial effect of transfer pricing, profitability, and leverage on tax avoidance in coal companies listed on the Indonesia Stock Exchange (IDX) during the period 2019–2023. The study uses a quantitative approach based on secondary data obtained from the company's financial statements on the official IDX website and each company. Through a purposive sampling technique, 10 companies were selected from 34 populations, resulting in 50 observations. Transfer pricing is measured using the TP Related Company Transactions Ratio, profitability with Return on Assets (ROA), and leverage with Debt to Equity Ratio (DER). The analysis was carried out using panel data reggresion. The results show that transfer pricing and profitability have an effect on tax avoidance, while leverage has no statistical effect. This finding indicates that companies tend to utilize transfer pricing schemes more intensively when profitability is high, but debt levels are not always an indicator of tax avoidance behavior. This study contributes by analyzing transfer pricing disclosure in high-risk industries. We recommend companies to be fiscally compliant and implement transfer pricing strategies carefully.. Tax authorities need to improve transfer pricing supervision by considering profitability in risk mapping. Future research is expected to be expanded to other sectors or use a qualitative approach to understand managerial motivations behind tax strategies.