Jurnal Proaksi is an Accounting journal published by the Faculty of Economics and Business at Universitas Muhammadiyah Cirebon. The journal operates with dual ISSN identification: print version (ISSN 2089-127X) and electronic version (e-ISSN 2685-9750). Starting from Volume 9, Issue 1, the journal follows a quarterly publication schedule, releasing four issues annually in March, June, September, and December. The journal accepts manuscripts in both Indonesian and English languages, providing broader accessibility for researchers and scholars.
Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Cirebon
Internal Control Analysis on Anti-Dumping Duty Exemptions HS 72 in Batam
Main Purpose - This study analyzes the internal control of KPU BC Batam as a Free Trade Zone and Free Port, particularly in relation to Anti-Dumping Duties HS 72. Method - This study provides an in-depth analysis using descriptive qualitative method with NVIVO 15 and literature review. Main Findings - Findings reveal that, despite achieving optimal tax revenue and Organizational Performance Value (NKO), challenges remain, such as limited facilities and infrastructure, low public awareness, competency gaps, particularly in risk management and integrity, system disruptions, increasingly complex smuggling methods and the presence of unregistered ports. Theory and Practical Implications - Strengthened governance, human resources, digital systems and enhanced coordination with relevant authorities are pivotal in mitigating smuggling risks. Novelty - This study extends governance and risk management literature by addressing the oversight challenges related to anti-dumping duty exemptions and proposing solutions to improve inter-agency accountability within Batam Customs and Excise.
Copyright (c) 2025 Kalika Dianti Franconnie https://creativecommons.org/licenses/by/4.0
Value Added Tax And Minimum Wage Influence On Purchasing Power: Maslahah View
Main Purpose - The purpose of this study is to determine the influence of Value Added Tax and the City Minimum Wage on the purchasing power of the community in Medan City during the period 2015–2024. Method - This research employs a quantitative approach utilizing secondary data obtained from the Central Bureau of Statistics (BPS) and other official government sources. The dataset for this study comprises all annual data related to Value Added Tax, City Minimum Wage, and public purchasing power in Medan City from 2015 to 2024, resulting in 10 observations. Data analysis was conducted using EViews software to examine the relationships among the variables. Main Findings - The results show that both VAT and CMW meaningfully influence the community’s purchasing power. Increases in VAT and minimum wage adjustments have been shown to affect people’s ability to meet their consumption needs, emphasizing the strategic role of fiscal and labor policies in sustaining public welfare. Theory and Practical Implications - The results show that VAT, which does not have a significant effect on purchasing power, can be positioned as maslahah ‘ammah, with its revenue managed transparently for public benefit. Meanwhile, the minimum wage has a significant effect on purchasing power, so wage policies should be set fairly to safeguard maslahah dharuriyah in fulfilling basic needs. Novelty - The novelty of this research lies in the use of the maslahah perspective in analyzing the simultaneous influence of VAT and minimum wage on the purchasing power of Medan City’s community, thereby providing a new contribution in examining the linkage between fiscal and labor policies with societal welfare.
Copyright (c) 2025 Riska Amaliah, Muhammad Ikhsan Harahap, Nur Ahmadi Bi Rahmani https://creativecommons.org/licenses/by/4.0
Pengaruh Intellectual Capital, Leverage, Dewan Direksi pada Sustainability Reporting: Moderasi Pengalaman Direktur
Main Objective - To analyze the effect of intellectual capital, leverage, and board characteristics on the quality of sustainability reporting with directors’ experience as a moderating variable. Method - A quantitative explanatory approach using secondary data from 30 companies listed on the IDX during 2021–2024, analyzed with panel data regression (E-Views). Main Findings - Directors’ experience does not moderate the relationship between intellectual capital, leverage, and multiple directorships with sustainability reporting. However, intellectual capital, leverage, and directors’ experience directly affect the quality of reporting. Theoretical and Policy Implications - The results highlight the importance of experienced directors in managing intellectual capital and leverage to improve the quality of sustainability reporting. Research Novelty - This study identifies a gap showing that directors’ experience is more effective when combined with intellectual capital, while its moderating role on leverage and multiple directorships is not significant. The contribution lies in offering a new perspective on the combination of leadership and intellectual assets in fostering corporate legitimacy.
Copyright (c) 2025 Muhhamad Azhari Brian Aristya, Lin Oktris https://creativecommons.org/licenses/by/4.0
Struktur Kepemilikan, Transfer Pricing, dan Penghindaran Pajak pada Industri Sawit Indonesia
Purpose – This study aims to examine the effect of institutional ownership and foreign ownership on tax avoidance with transfer pricing as a mediating variable. Methodology – The research sample includes 18 palm oil companies listed on the Indonesia Stock Exchange for the 2020–2024 period. The analysis was conducted using panel data regression with Common, Fixed, and Random Effect models, followed by Chow, Hausman, and LM tests. Mediation testing was carried out using the Baron–Kenny approach, Sobel test, and wild cluster bootstrap-t procedure. Findings – The results show that institutional ownership has no significant effect on either tax avoidance or transfer pricing. In contrast, foreign ownership has a significant positive effect on transfer pricing, while transfer pricing has a negative effect on tax avoidance. Mediation testing indicates that transfer pricing does not mediate the relationship between institutional ownership and tax avoidance, but the wild cluster bootstrap-t test suggests a marginal negative mediation between foreign ownership and tax avoidance. Theoretical and Policy Implications – The findings indicate that ownership structure can shape the pattern of related-party transactions, and more comprehensive transfer pricing disclosure is aligned with lower levels of tax avoidance. In practical terms, this study encourages strengthening risk-based supervision and the quality of related-party transaction documentation. Novelty – This study provides new empirical evidence in the Indonesian palm oil industry by combining various mediation approaches, showing that transfer pricing disclosure can function as a compliance mechanism rather than merely as a tool for tax avoidance.
Copyright (c) 2025 Ilham Amanah Rangga Kancana, Lin Oktris https://creativecommons.org/licenses/by/4.0
Determinan Initial Return IPO di Indonesia: Pandemi, Pasca-Pandemi dengan Pendekatan Bootstrap
Main Purpose - This study analyzes financial and non-financial factors influencing the initial return of IPO companies listed on the Indonesia Stock Exchange during the pandemic period (2020–2022) and the post-pandemic period (2023–2024). Method - A quantitative approach was employed, utilizing secondary data from IPO prospectuses, IDX publications, and stock prices. The data were analyzed using multiple linear regression with the bootstrap method. Employing a purposive sampling technique, this study obtained a final sample of 131 companies out of a total population of 278 IPO firms. Main Findings - EPS, financial leverage, liquidity, and the percentage of shares offered significantly and positively affect the initial return, while profitability, underwriter reputation, and firm age show no significant effect. Investors tend to respond more strongly to fundamental signals than to underwriter reputation or firm age. Theory and Practical Implications - The findings reinforce Signaling Theory and suggest that issuers should emphasize transparency in EPS, leverage, and liquidity to strengthen investor confidence. Novelty - The novelty of this study lies in its analysis of the determinants of initial return, covering the entire period from the pandemic to the post-pandemic era in Indonesia, while applying the bootstrapping method to address the issue of heteroscedasticity in the data.
Copyright (c) 2025 Moh. Alwi, Muliati Muliati, Muhammad Din, Muhammad Ilham Pakawaru https://creativecommons.org/licenses/by/4.0
Peran Good Governance dan SPIP dalam Mencegah Tindakan Kecurangan
Main Purpose - The purpose of this study is to analyze the influence of good governance and SPIP on fraud prevention efforts at the Blora Regency Inspectorate. Method - Sampling was conducted using saturated sampling techniques on 33 respondents consisting of auditors and internal supervisors. Data analysis was performed using with SmartPLS 4.0 software. Main Findings - The findings of this study indicate that good governance has a significant effect on fraud prevention, while SPIP has no significant effect. This phenomenon shows that transparency and accountability in governance are more effective in reducing the risk of fraud than the mere existence of a formal control system. The low effectiveness of SPIP is due to its implementation, which is still administrative in nature and lacks monitoring and risk evaluation aspects. Theory and Practical Implications - The theoretical implications of this study reinforce the role of good governance and control systems as tools for value-based fraud prevention. Novelty - This study combines good governance and SPIP as independent variables for fraud prevention in the context of local government oversight institutions.
Copyright (c) 2025 Aulia Rahma Az zahra, Oryza Tannar https://creativecommons.org/licenses/by/4.0
Pengaruh Transparansi dan Partisipasi Masyarakat Terhadap Pengelolaan Anggaran Pendapatan dan Belanja Desa
Main Purpose - The purpose of this study is to find out and see the influence of transparency and community participation on the Management of the APBDes. Method - The population of this study is 15 villages in North Indralaya District. The sample consisted of 90 respondents who were selected using saturated sampling techniques and using primary data through questionnaires and analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). Main Findings - The results of this study state that all independent variables, namely transparency and community participation, have a positive and significant effect on the Management Management of the APBDes. The higher the transparency and also community participation, the better the Management Management of the APBDes. This emphasizes the importance of open village governance and actively involving the community. Theory and Practical Implications - The implications of this research are considered and referenced for village governments in improving the village fund management system to be more open and involve the community Novelty - This study uses PLS-SEM, which allows for a more complex and in-depth analysis of the research results but also adds to the understanding of how Transparency and Community Participation collectively affect the Management of Village Revenue and Expenditure Budgets
Village Revenue and Expenditure Budget Management
Copyright (c) 2025 Ryna Agustina, Rosy Armaini, Desi Indriasari https://creativecommons.org/licenses/by/4.0
Green Accounting, ESG, Komisaris Independen dan Pengaruhnya terhadap Kinerja Keuangan
Main Purpose – This study aims to examine the effect of green accounting, ESG, and independent commissioners on corporate financial performance. Method – This research applies a quantitative approach using multiple linear regression analysis. The studi observes all companies in Indonesia that have PROPER ratings, ESG score from Refinitiv, and independent board structures during the 2020-2024 period. Main Findings – The result indicate that ESG has a positive and significant effect on financial performance. In contrast, green accounting and independent commissioners do not have a significant impact on financial performance. These findings highlight that ESG disclosure serves as an effective sustainability strategy for enhancing profitability. Theory and Practical Implications – Theoretically, the result support legitimacy and stakeholder theories, which emphasize the importance of transparency and responsible corporate governance. Practically, this studi suggest that companies should strengthen ESG practices to increase investor trust and financial outcomes. Novelty – The novelty of this research lies in utilizing all Indonesian companies with ESG scores, as well as using the latest data in the Indonesian context for the period 2020-2024 and adding references from the latest research.
Copyright (c) 2025 Linova Angesti Hartono, Aurora Angela https://creativecommons.org/licenses/by/4.0
Symbolic or Substantive? Greenwashing and Environmental Disclosure Misalignment in Indonesian Banking
Main Purpose - This study investigates whether Environmental Disclosure Scores (EDS) accurately reflect actual environmental performance, as proxied by GHG emissions, in the Indonesian banking sector. Method - The research employs panel data analysis using 16 publicly listed Indonesian banks from 2009 to 2023. A random-effects regression is applied, followed by the construction of a binary Greenwashing Index (GWI) to identify misalignments between EDS and actual greenhouse gas (GHG) emissions. Main Findings - The findings indicate that EDS are not significantly associated with lower GHG emissions, suggesting a symbolic rather than substantive role. Although larger banks tend to emit more GHG, they are less likely to engage in greenwashing, likely due to greater regulatory scrutiny. In contrast, higher profitability increases greenwashing risk, while stronger capital adequacy reduces it. Theory and Practical Implications - The findings suggest that ESG reporting should be based on performance metrics rather than narrative disclosures to ensure accountability. Policymakers are encouraged to enforce independent environmental audits and adopt outcome-based ESG frameworks. Novelty - This study contributes a novel dual-approach Greenwashing Index to identify disclosure–performance misalignment, offering empirical insights for ESG research in emerging markets.
Copyright (c) 2025 Netti Natarida Marpaung, Sugeng Wahyudi, Irene Rini Demi Pangestuti https://creativecommons.org/licenses/by/4.0
The Impact of Budget Time Pressure on Professional Conduct During the Covid-19 Period
Main Purpose - This study aims to examine the effect of professionalism and time budget pressure on audit quality, with job stress as a moderating variable during the COVID-19 pandemic. Method - This research employs a quantitative explanatory approach using a survey method, with data collected via questionnaires distributed to auditors at the BPK RI South Sulawesi Representative Office. The analysis was conducted using Structural Equation Modeling (SEM) through SmartPLS to test the relationships and moderating effects among variables. Main Findings - The study finds that time budget pressure negatively affects audit quality, while professionalism has a positive effect. Job stress significantly moderates both the relationship between time budget pressure and audit quality and the relationship between professionalism and audit quality. These findings suggest that psychological stress during the pandemic amplifies the impact of professional behavior and time constraints on audit outcomes. Theory and Practical Implications - This study strengthens the Job Demands-Resources and Attribution Theory by demonstrating that job stress significantly moderates the relationship between time budget pressure and professionalism on audit quality, especially in crisis contexts such as the COVID-19 pandemic. Practically, the findings highlight the need for audit institutions to manage auditor workload and stress levels effectively to maintain high audit quality during disruptive periods Novelty - This study offers novelty by introducing job stress as a moderating variable in the relationship between time budget pressure and professionalism on audit quality during the COVID-19 pandemic, which has rarely been explored in previous literature.
Copyright (c) 2025 Fia Fauzia Burhanuddin, Gagaring Pagalung, Andi Kusumawati https://creativecommons.org/licenses/by/4.0
A Bibliometric Review of Understanding in Environmental Reporting
Main Purpose - This study aims to provide an in-depth understanding of research in the field of environmental reporting. Method - This article presents a bibliometric analysis of the environmental reporting literature using the Scopus database. Main Findings – Research on environmental reporting shows a strong relationship between certain topics and certain author journals. Some journals and author specialize or are interested in specific aspects of environmental reporting research, such as sustainability, corporate social responsibility, environmental disclosure, and legitimacy theory. Theory and Practical Implications - The theoretical implications of this study provide an understanding of research trends and the potential to expand collaboration in regions or countries that have not been heavily involved in the field of environmental reporting. The practical implication is the importance of academics to fill the research gap in developing countries. Novelty – The analysis was conducted to see the development trend of environmental reporting research and to conduct a comprehensive mapping of the development of environmental reporting.
Copyright (c) 2025 Abdul Galib, Nurwahyuni Syahrir https://creativecommons.org/licenses/by/4.0
Pengaruh Pemahaman, Kemudahan, dan Sosialisasi Pajak terhadap Kepatuhan Pengusaha Online Shopee
Main Purpose - This study aims to examine the effect of understanding tax regulations, ease of tax reporting, and tax socialization, on taxpayer compliance in online entrepreneurs in the Shopee Application. Method - The population used in this study were all questionnaires distributed via chat on the Shopee platform. The data used was collected based on the voluntary sampling method and a sample of 75 respondents was obtained. The method used in this research is a quantitative method using SPSS. Main Findings - The results of this study reveal that the variables of understanding tax regulations and tax reporting have no effect on taxpayer compliance in online entrepreneurs in the shopee application and the ease of tax socialization affects taxpayer compliance in online entrepreneurs in the shopee application. Theory and Practical Implications - The results of this study have theoretical implications that strengthen the relevance of attribution theory and Theory of Planned Behavior (TPB) in the context of tax compliance of e-commerce business actors. In attribution theory, individual behavior is influenced by perceptions of internal and external factors. The finding that understanding and ease of tax reporting have no significant effect on taxpayer compliance, but tax socialization has a positive effect, shows that external perceptions built through education and information from tax authorities are able to change taxpayer attitudes. This is also in line with TPB, which states that the intention to behave (in this case, to comply with paying taxes) is influenced by attitudes towards behavior, subjective norms, and perceived behavioral control. Effective tax socialization can form positive attitudes and social norms that encourage compliance, especially for e-commerce players who are generally young and do not have a strong understanding of taxes. Novelty - The novelty in this research is the object of online entrepreneurs in the Shopee application.
Copyright (c) 2025 Putri Yuniar Putri, Siti Isnaniati, Rike Selviasari https://creativecommons.org/licenses/by/4.0
Determinasi Efektivitas Deteksi dan Pencegahan Fraud: Kajian Sistematis Multilevel Terintegrasi
Main Purpose - This study aims to synthesize academic literature on the determinants of effective fraud detection and prevention across multilevel dimensions. Method - A Systematic Literature Review (SLR) was conducted using 34 peer-reviewed articles from the Scopus database published between 2016 and 2025. The study applied the PICO strategy and thematic synthesis across three systemic levels: technology, organization, and individual. Main Findings - This study finds that anti-fraud effectiveness relies on the synergy of technology, organizational governance, and individual factors. The literature remains fragmented and geographically biased. The lack of longitudinal research is also a key limitation. Theory and Practical Implications - This research emphasizes the importance of integrative and multilevel approaches to designing effective fraud risk management systems. It offers practical guidance for policymakers to combine technological innovation with strengthened governance and individual ethics. Novelty - This study proposes a unified conceptual framework integrating technological, organizational, and individual determinants into a coherent fraud risk management system.
Copyright (c) 2025 Aan Andrianingsih, Abdul Rohman https://creativecommons.org/licenses/by/4.0
Pengungkapan Sustainability Report, Corporate Social Responsibility dan Kinerja Perusahaan terhadap Tax Avoidance
Main Purpose - The purpose of this discussion is to examine how the disclosure of sustainability reports, corporate social responsibility, and company performance influence tax avoidance. Method - This study utilizes a quantitative approach to explore the interrelationships among the variables under investigation.It relies on secondary data derived from annual reports and sustainability disclosures of mining companies in the mineral sub-sector that are listed on the Indonesia Stock Exchange (IDX) for the period 2021 to 2024. Main Findings - This consideration provides a hypothetical commitment by illustrating that sustainability report disclosure, use of corporate social obligations, and corporate implementation are related to the tendency to avoid taxes, although the direction and significance of the relationship may change. Basically, companies are expected to advance the quality and sharpness of support report disclosure and actualize corporate social obligations in real terms, not just as a convention or image-building effort. Novelty - The researcher focuses on filling the research gap that remains limited in the mineral sub- sector, as well as providing a more specific depiction of how sustainability report disclosure, corporate social responsibility, and company performance influence tax avoidance practices, which have not been previously examined.
Copyright (c) 2025 Santika Mia Grasia, Srikalimah , Puji Rahayu https://creativecommons.org/licenses/by/4.0
Pengaruh Locus of Control, Kemampuan Akademis, Financial Atttude Terhadap Pengelolaan Keuangan Mahasiswa
Main Purpose – This study aims to examine the factors that influence students' financial management behavior. Some of the research factors included in the study are locus of control, academic ability and financial attitude. Method – The research uses a quantitative approach and the data is processed using statistical analysis methods. The research sample amounted to 80 accounting student respondents in Semarang's A accredited private universities using purposive sampling technique. Main Findings – The results showed that locus of control, academic ability and financial attitude have a significant effect on student financial management behavior. Theory and Practical Implications – This study can provide in-depth knowledge in managing effective finances for accounting students who have a business. The results of the study can also be a reference for educational institutions in improving financial literacy through comprehensive educational programs. Novelty – This research has a novelty by including the academic ability factor as one of the things analyzed in seeing how students who own businesses, especially accounting students, manage their finances.
Copyright (c) 2025 Sisya Citrawati, Sih Mirmaning Damar Endah https://creativecommons.org/licenses/by/4.0
Determinants of Investment Efficiency: Financial Reporting, Accounting Conservatism, and Debt Maturity
Main Purpose - This study aims to examine the influence of financial reporting quality, accounting conservatism, and debt maturity on investment efficiency in manufacturing companies listed on the Indonesia Stock Exchange. Method - A quantitative approach was employed to analyze secondary data from 20 companies selected through purposive sampling, resulting in 100 observations. SPSS version 25 was used as the data analysis tool for regression analysis. Main Findings - The phenomenon of investment efficiency has become increasingly crucial following a 16.32% annual decline in manufacturing investment from 2017 to 2019. Market uncertainty and limited incentives hinder economic growth, making fund optimization essential to support this sector. The research findings reveal that the quality of annual financial reports, accounting conservatism, and debt maturity have a significant impact on investment efficiency. Theory and Practical Implications - These findings highlight the importance of financial reporting quality, accounting conservatism, and debt maturity structure in enhancing investment efficiency. They suggest that companies should manage these three aspects optimally to support better investment decision-making. Novelty - This study utilizes the latest data (2019–2023) and a larger sample, enabling a more comprehensive analysis of the dynamics, challenges, and opportunities in the manufacturing industry.
Copyright (c) 2025 Syifa Lathifunnisa, Dyarini Dyarini https://creativecommons.org/licenses/by/4.0
Z-score Analysis for Financial Stability on Real Estate Companies in the Indonesian Stock Exchange
Main purpose: This study empirically investigates the influence of Profitability (PRFT), Leverage (LEVG), Liquidity (LIQD), Firm Age (FAGE), Interest Rate (INTR), Firm Value (FVAL), Firm Size (FISZ), and the COVID-19 pandemic (COVD) on the Financial Stability (FSTA) of real estate companies listed on the Indonesia Stock Exchange during the period 2012–2022. Method: The research utilizes secondary data and applies a purposive sampling method to select samples based on predefined criteria, drawing from a population of 83 registered real estate firms. Main Findings: The findings indicate that the independent variables collectively have a significant effect on FSTA. However, the individual significance tests reveal that in Model 1, PRFT and COVD do not significantly impact FSTA, while in Model 2, INTR and COVD show no significant effect on FSTA. Theory and Practical Implication: The study highlights the applicability of the trade-off and pecking order theories in explaining how real estate firms strategically manage profitability, leverage, and liquidity to sustain financial stability. Novelty: This study uniquely examines the interplay between capital structure and financial indicators during the COVID-19 pandemic, providing empirical insights specific to Indonesia’s real estate sector—an area that has received limited scholarly attention.
Copyright (c) 2025 Herry Santoso https://creativecommons.org/licenses/by/4.0
Motivations, Reflections, and Contexts: Understanding Gen Z Entrepreneurial Awareness in Higher Education
Main Purpose - This study aims to explore how Generation Z students in Indonesia construct entrepreneurial awareness through lived experiences, motivations, and social contexts. Method - A qualitative research design with an interpretative phenomenological analysis (IPA) approach was employed. Data were collected through in-depth semi-structured interviews with three university students interested in entrepreneurship. Main Findings - The findings revealed three major themes: internal motivation, reflective experience, and contextual factors. Participants were intrinsically driven by autonomy, personal growth, and social values, while reflective experiences shaped their entrepreneurial self-awareness. Support from family, peers, and institutions acted as critical enablers in their entrepreneurial journey. Theory and Practical Implications - The study suggests that entrepreneurship education should incorporate reflective and experiential learning to align with Gen Z's identity and motivation. Institutions should also provide tailored support systems to nurture value-driven young entrepreneurs. Novelty - This study offers a multidimensional perspective on entrepreneurial awareness formation among Generation Z by integrating personal meaning-making and sociocultural influences.
Copyright (c) 2025 Achmad Iqbal, Farida, Alawia https://creativecommons.org/licenses/by/4.0
Analysis of Internal Factors in Improving Perceptions of the Quality of Financial Reports at DPMPD Kediri Regency
Abstract Main Purpose - This research aims to analyze the internal factors that influence the perception of the quality of financial reports in the Regional Work Unit of the Community Empowerment and Village Government Service (DPMPD) of Kediri Regency. Method - This research uses a qualitative approach with data collection techniques through interviews, observation, documentation, and Focus Group Discussion (FGD). Data analysis was carried out using a qualitative descriptive approach to interpret the meaning of field findings. Main Findings - Consistent implementation of Government Accounting Standards (SAP) is the main basis for improving the perception of the quality of financial reports. Human resource competency, internal control systems and independent audit results also strengthen confidence in the accountability of financial reports. The main obstacles were found to be the lack of continuous training and weak implementation of comprehensive internal control. Theory and Practical Implications - This research provides important recommendations for increasing human resource capacity through regular training and strengthening the internal control system to achieve transparency and accountability. These results can also be used as a reference for policy makers in determining public financial management strategies. Novelty - This research offers a new perspective regarding the perception of the quality of financial reports based on internal factors of local government organizations in depth through a qualitative approach.
Copyright (c) 2025 Sandia Eka Efilia, Arisyahidin Arisyahidin, Nisa Mutiara https://creativecommons.org/licenses/by/4.0
Medeteksi Indikasi Kecurangan Laporan Keuangan di BUMN: Analisis Tata Kelola Perusahaan dan Moderasi Biaya Audit
Main Purpose - This study examines the role of audit fees as a moderating variable in the relationship between corporate governance and financial statement fraud indications in state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Method - The population includes all State-Owned Enterprises (BUMN) listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period and a sample of 100 companies was selected using the purposive sampling technique. Main Findings - The results show that board meeting frequency has a negative effect on financial statement fraud indications, while independent commissioners have a positive effect. Additionally, audit fees strengthen the influence of board meeting frequency on financial statement fraud indications but weaken the effect of independent commissioners. Theory and Practical Implications - These findings encourage companies to strengthen corporate governance systems and serve as a basis for setting optimal audit fee policies to enhance audit quality and supervisory effectiveness in preventing financial statement fraud indications. Novelty - This study highlights the role of audit fees in enhancing corporate governance effectiveness in preventing financial statement fraud indications, an aspect that has received limited attention in previous research.
Copyright (c) 2025 Annisa Diah Kusuma Piri, Siti Mutmainah https://creativecommons.org/licenses/by/4.0
Communication Dynamics, Financial Literacy, and Financial Inclusion in Shaping the Financial Behavior
Main Purpose - This study aims to analyze the influence of communication dynamics, digital literacy, financial inclusion, financial attitudes, and financial experiences on the financial behavior of the Hindu generation in Mataram. Method - Data were processed using quantitative analysis method with multiple linear regression. The sample in this study was 108 respondents selected using purposive sampling. Main Findings - Communication dynamics and financial inclusion do not significantly impact financial behavior but financial literacy, financial attitudes, and financial experiences significantly influence financial behavior. Communication dynamics fail to exert influence on financial decision-making and behavior although financial institutions provide adequate access (financial inclusion) to financial services, the Hindu generation has yet to fully utilize this access in their financial transactions, resulting in limited benefits. This generation tends to make decisions on saving, borrowing, and spending based on personal history, including their experiences, attitudes, and financial literacy acquired through education, seminars, training, and knowledge from digital sources. Theory and Practical Implications - The implication of this study is to increase Hindu generations awareness of the importance of financial literacy, financial attitudes, and financial experiences in their financial behavior so that they can plan individual finances more carefully in the future. Novelty - The novelty of this research is to examine the influence of communication dynamics variable on the financial behavior of millennial and Z Hindus generations.
Copyright (c) 2025 Suli Asmara, Ida Ayu Nyoman Sutriani, Ida Bagus Made Arjana https://creativecommons.org/licenses/by/4.0
Determinan Fraud Hexagon Theory Terhadap Fraudulent Financial Statement: Pendekatan Beneish M-Score Modifikasi
Main Purpose - The purpose of this study was to determine the impact of fraud hexagon theory on Fraudulent Financial Statements (FFS), as measured by the modified Beneish M-Score in the Indonesian mining sector. Method -The purposive sampling technique was used in determining the sample, 92 units of analysis were obtained from the research population which included 58 mining companies listed on the Indonesia Stock Exchange during the period 2020-2023. This research data was analyzed through a logistic regression model. Main Findings - The results of the analysis reveal that only capability (change of directors) has an impact on FFS. Other factors, such as stimulus, opportunity, rationalization, ego, and collusion are not proven to have an impact on FFS. Change of directors is more common in companies detected as manipulators. Theory and Practical Implications - The implications of the study emphasize the importance of close supervision of individuals in strategic positions, especially those with high capabilities such as directors, because their abilities have been proven to be a driver of FFS. This research can assist auditors, shareholders and other stakeholders in identifying and detecting Fraudulent Financial Statement. Novelty - This study uses the modified Beneish M-Score in measuring FFS, so that the research results are more relevant to Indonesia in the current era.
Copyright (c) 2025 Lailatun Usri Noriyah, Alif Faruqi Febri Yanto https://creativecommons.org/licenses/by/4.0
Pengaruh Fiscal Stress dan Kapabilitas APIP terhadap Penyerapan Anggaran Pemda di Indonesia
Tujuan Utama - Penelitian ini bertujuan untuk menguji pengaruh fiscal stress dan kapabilitas APIP terhadap penyerapan anggaran pemerintah daerah Kab/Kota di Indonesia. Metode - Penelitian ini menggunakan metode kuantitatif. Populasi penelitian adalah Pemerintah Daerah Kab/Kota di Indonesia. Sampel terdiri dari 74 Kab/Kota. Teknik pengumpulan data melalui tinjauan dokumen dan sumber data sekunder. Teknik analisis data yaitu regresi linier berganda menggunakan alat bantu SPSS versi 23.0. Temuan Utama - Fenomena rendahnya serapan anggaran di instansi Pemerintah Daerah Kabupaten dan Kota di Indonesia. Hal ini dikarenakan capaian penyerapan anggaran kurang dari 100%. Sehingga menyebabkan pelayanan publik yang tidak optimal dan tidak terpenuhinya pertumbuhan ekonomi. Implikasi Teori dan Kebijakan - Implikasi dari penelitian ini menunjukkan bahwa terdapat pengaruh negatif yang signifikan antara fiscal stress dan penyerapan anggaran pemerintah daerah. Sedangkan kapabilitas APIP dan penyerapan anggaran pemerintah daerah terdapat pengaruh positif yang signifikan. Kebaruan Penelitian - Kebaruan dari penelitian ini adalah pada objek penelitian dan variabel independent (kapabilitas APIP).
Copyright (c) 2025 Fitri Fitri, Ivan Yudianto, Sri Mulyani https://creativecommons.org/licenses/by/4.0
Pengungkapan ESG dan Kinerja Perusahaan: Keunggulan Kompetitif Sebagai Moderasi
Main Purpose – This study aims to analyze the effect of ESG diclosure on firm performance with competitive advantage as a moderating variable. Method – The sample selected using purposive sampling from the financial industry listed on the Indonesian Stock Exchange (IDX) for the period 2021-2023. The analysis technique employed is panel data regression using E-Views. Main Findings – Theresult indicate thet ESG disclosure has a positive and significant effect on firm performance. However, competitive advantage does not moderate the relationship between ESG disclosure and frim performance. Theory and Practical Implications – These implications reinforce the importance of integrating ESG into business strategies to enhance competitiveness and create long-term value. Novelty – This study provide a perspective on the role of competitive advantage as a moderating variable in the relationship between ESG disclosure and corporate performance in the financial industry.
Copyright (c) 2025 Fauziyah Syifa Nurlaila, Siti Mutmainah https://creativecommons.org/licenses/by/4.0
Peran Green Acconting dan Struktur Modal dalam Meningkatkan Financial Performance
Main Purpose - The purpose of this study is to study how green accounting and capital structure impact financial performance. Method - This study uses quantitative with an associative approach with the help of Eviews 12 software. For this study, the purposive sampling method was used to collect samples of 15 food & beverage sector companies for the 2019-2023 period with a total of 75 data observations. Main Findings - According to the analysis results, green accounting does not affect financial performance, but capital structure affects financial performance. In addition, this study shows that both green accounting and capital structure affect financial performance simultaneously. Theory and Practical Implications - The implementation of green accounting provides a positive image to stakeholders regarding the company's concern for the surrounding environment. This study can provide recommendations for companies to better identify and manage environmental costs associated with their operational activities in order to reduce the risk of fines and litigation. Novelty - This is a study that examines green accounting, capital structure and financial performance in food & beverage sector companies participating in the PROPER program of the Indonesian Ministry of Environment and Forestry for the 2019-2023 period.
Copyright (c) 2025 Zulfa Rosharlianti, Yustina Laia https://creativecommons.org/licenses/by/4.0
Determinants of Students’ Intention to Become Tax Consultants
Main Purpose - This study aims to analyze the influence of labor market considerations, subjective norms, self-efficacy-technical skills, and outcome expectations on the intention to become a tax consultant. Method - This study uses a quantitative method with the Structural Equation Modeling (SEM) approach. The research sample consisted of 170 students of the UII Tax Accounting study program. Main Findings - The results of the study indicate that students’ intention to become tax consultants is more influenced by subjective norms and outcome expectations. However, no influence of labor market considerations and self-efficacy of technical skills on the intention to become a tax consultant was found. Theory and Practical Implications - The results of the study show that the surrounding environment is a factor that influences becoming a tax consultant. Therefore, academics need to provide adequate information about the role of the current tax consultant profession. In addition, the results of this study can be a basis for companies that want to recruit tax consultants to provide compensation and rewards that are in accordance with their work. Novelty - This study elaborates on the Theory of Planned Behavior (TPB) and Social Cognitive Career Theory (SCCT) to explore students’ intentions to become tax consultants.
Copyright (c) 2025 Selfira Salsabilla https://creativecommons.org/licenses/by/4.0
Pengaruh Corporate Sustainability Performance Terhadap Nilai Perusahaan dengan Stakeholder Pressure Sebagai Pemediasi
Tujuan Utama – Tujuan penelitian ini yaitu untuk menganalisis pengaruh Corporate Sustainability Performance (CSP) terhadap nilai perusahaan dengan stakeholder pressure sebagai pemediasi. Metode – Metode penelitian ini menggunakan pendekatan kuantitatif. Menggunakan data sekunder berupa laporan tahunan perusahaan manufaktur yang terdaftar di Bursa Efek Indonesia tahun 2021–2023. Sampel penelitian dipilih dengan metode purposive sampling, menghasilkan 37 perusahaan dengan total 111 data. Data dianalisis dengan analisis jalur (path analysis) menggunakan software IBM SPSS 25. Temuan Utama - Hasil penelitian ini menunjukkan bahwa dividend payout ratio dan return saham tidak memediasi pengaruh Corporate Sustainability Performance (CSP) terhadap nilai perusahaan. Implikasi Teori dan Kebijakan - Penelitian ini memperkuat teori stakeholder dengan menekankan pentingnya CSP dalam menciptakan nilai bagi seluruh pihak yang berkepentingan. Secara praktis, perusahaan disarankan untuk lebih aktif mengintegrasikan prinsip keberlanjutan guna memenuhi ekspektasi pemangku kepentingan untuk meningkatkan nilai perusahaan. Kebaruan Penelitian – Penelitian ini mengangkat variabel stakeholder pressure sebagai variabel mediasi dalam pengaruh CSP terhadap nilai perusahaan, yang merupakan hal baru dan belum pernah diteliti sebelumnya.
Copyright (c) 2025 Sonya Ajeng Wahyu Nastiti, Miladiah Kusumaningarti https://creativecommons.org/licenses/by/4.0
Detecting Financial Statement Fraud Using Hexagon Theory: The Role of Effective Monitoring
Main Purpose - This study investigates the application of the fraud hexagon theory in detecting financial statement fraud and examines effective monitoring as a moderating variable. Method - This research focuses on companies in the Consumer Cyclicals sector listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Logistic regression analysis was conducted using EViews 13. Main Findings - The results show that financial targets and board duality drive financial statement fraud. Industry characteristics, auditor turnover, director turnover, and director arrogance do not have a significant effect. The audit committee serves as a monitoring mechanism that can weaken the influence of financial targets, director arrogance, and board duality on financial statement fraud but is ineffective in mitigating the impact of other factors. Theory and Practical Implications - These findings highlight the importance of strengthening corporate governance with strict oversight of financial targets and board duality. This research can be used by companies and investors to identify fraud using elements of Hexagon Theory. Novelty - This study advances previous research by introducing effective monitoring as a moderating variable in the relationship between fraud hexagon elements and financial statement fraud.
Copyright (c) 2025 Retno Wulansari, Rr. Sri Handayani https://creativecommons.org/licenses/by/4.0
Pengaruh Digitalisasi, Dan Kinerja Keberlanjutan Terhadap Kualitas Laba
Tujuan Utama – Riset ini bertujuan guna menjelaskan efek digitalisasi dan kinerja keberlanjutan terhadap kualitas laba Entitas Manufaktur di Bursa Efek Indonesia Metode – Studi ini mengaplikasikan pendekatan kuantitatif dengan regresi linier berganda. Semua Entitas Manufaktur yang tercatat di BEI sebagai populasi. Sampel penelitian terdiri dari 53 Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode tahun 2018-2022 yang diperoleh berdasarkan prosedur melakukan unit analisis standar: laporan keuangan lengkap dan telah diaudit oleh KAP serta pengungkapan laporan keberlanjutan lengkap. Temuan Utama – Hasil penelitian ini menunjukkan bahwa digitalisasi dan kinerja keberlanjutan berpengaruh positif dan signifikan terhadap kualitas laba Perusahaan Manufaktur yang terdaftar di Bursa Efek Indonesia periode tahun 2018-2022. Implikasi Teori dan Kebijakan – Digitalisasi dan Kinerja Keberlanjutan menjadi sinyal positif bagi investor dan pemangku kepentingan bahwa perusahaan memiliki tata kelola yang baik dan kinerja keuangan yang stabil, dan Otoritas Jasa Keuangan dan Bursa Efek Indonesia dapat mendorong penerapan digitalisasi dan penerapan standar pengungkapan ESG yang lebih ketat untuk meningkatkan kualitas pelaporan keuangan Kebaruan Penelitian – Sebagian besar penelitian sebelumnya secara parsial hanya meneliti digitalisasi atau kinerja keberlanjutan terhadap kualitas laba. Studi ini mengembangkan model konseptual, yaitu model yang mengintegrasikan digitalisasi dan kinerja keberlanjutan dalam mempengaruhi kualitas laba.
Copyright (c) 2025 Siswadi Sululing, Haruni Ode https://creativecommons.org/licenses/by/4.0
Tanggung Jawab Sosial Perusahaan Menuju Perbankan Berkelanjutan : Tinjauan Literatur
Main Purpose - This research aims to understand the implementation and impact of Corporate Social Responsibility (CSR) on the financial performance, non-financial performance, and reputation of banks in several countries. Method - The method used was a literature review. The analysis was conducted on 17 journal articles in accordance with the predetermined inclusion criteria from the period 2019 to 2024. Main Findings - The research results indicate that CSR disclosure enhances the reputation and financial performance of banks, and attracts more investors. There is a positive relationship between CSR practices and financial performance, although the results vary. Involvement in CSR also improves risk management and employee loyalty. Theory and Practical Implications - Banks need to integrate CSR practices into their business strategies to improve performance. Policymakers are advised to encourage transparency in the disclosure of CSR information. Novelty - The novelty of this research lies in its emphasis on the importance of CSR in the banking sector to achieve sustainability and financial gains.
Copyright (c) 2025 Tuti Setiatin, Niken Safitri; Rizal Zaelani, Ebah Suaebah, Muhammad Zaky https://creativecommons.org/licenses/by/4.0