Owner : Riset dan Jurnal Akuntansi

Pengembangan SAK-EMKM Berbasis Aplikasi Android (LAKUM) Terhadap Laporan Keuangan UMKM di Tanjung Pinang

Hendra Candra — 2025-10-30

MSMEs have an important role in the Indonesian economy, including in Tanjung Pinang – Riau Islands, but limitations in financial management are still obstacles so that the financial statements produced are not in accordance with accounting standards. This research aims to develop an Android-based application called LAKUM (MSME Financial Statements) as a continuation of the implementation of Excel based SAK-EMKM which was previously proven to help MSMEs in simple financial recording. The method used is descriptive qualitative with data collection techniques using observation, interviews with 22 MSME actors and forum group discussions. The analysis technique used thematic analysis and the determination of the sample using purposive random sampling. The results of this study show that the majority of MSME actors in Tanjung Pinang are used to doing simple financial recording even though it is not in accordance with SAK-EMKM with the constraint of not understanding SAK-EMKM and difficulty in making systematic profit/loss reports so that they hope that later the application developed will be easy to use, simple, automatic calculation, advertising-free and flexible. The conclusions of this study theoretically enrich the study of the adoption of TAM based digital accounting technology, as well as show the potential for the integration of SAK-EMKM into mobile applications as a bridge between informal practices and standard reporting. In practical terms, the LAKUM application offers financial recording solutions that are easy, educational, and compliant with standards, so that they can increase efficiency, accountability, and MSMEs' access to financing and business growth.

Good Corporate Governance, Firm Size, and Firm Value: The Moderating Role of Profitability

Putri Aulia Umairoh — 2025-10-15

The value of a company is an important indicator for investors in assessing business sustainability, and it can be influenced by internal governance mechanisms and firm characteristics. However, previous studies provide inconsistent findings regarding the role of Good Corporate Governance (GCG), firm size, and profitability in determining company value, especially in the non-cyclical consumer sector which is considered more resilient during economic fluctuations. This study aims to analyze the effect of GCG and firm size on company value, with profitability as a moderating variable. This research applies a quantitative approach using secondary data obtained from annual and sustainability reports of non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) during the period 2020–2024. The sample was determined using purposive sampling, resulting in 23 companies with a total of 115 observations. The data were analyzed through descriptive statistics and Moderated Regression Analysis (MRA) using SPSS version 27. The results indicate that the board of commissioners, managerial ownership, audit committee, and firm size significantly influence company value, while the board of directors and institutional ownership show no significant effect. Furthermore, profitability strengthens the effect of the board of commissioners, managerial ownership, audit committee, and firm size on company value, but it does not moderate the influence of the board of directors and institutional ownership. Theoretically, this study contributes by providing empirical evidence on the interaction between GCG mechanisms, firm size, and profitability in enhancing firm value within a specific sector. Practically, the findings highlight the importance of effective governance practices and profitability optimization as strategic considerations for managers and investors in improving firm value in the Indonesian capital market.

CSR dan Nilai Perusahaan: Peran Strategis Karakteristik Dewan dalam Perbankan Konvensional BEI

Riva Rivelyanti Simanullang — 2025-10-17

This study aims to examine the effect of Corporate Social Responsibility (CSR) disclosure on firm value, considering the moderating roles of board size and board independence. The research covers all non-sharia banks listed on the Indonesia Stock Exchange (IDX) during 2022–2024. Using purposive sampling, 42 companies were selected, yielding 126 firm-year observations. Data analysis employed Moderated Regression Analysis (MRA) with EViews 13. The results reveal that CSR disclosure has a negative and significant effect on firm value (coefficient = -4.796; p = 0.0438). Board size moderates this relationship positively, mitigating the negative impact of CSR on firm value, although the effect is only marginally significant at the 10% level (interaction coefficient = 1.272; p = 0.0539). In contrast, board independence does not show a significant moderating effect (p = 0.1539). These findings suggest that while the market still perceives CSR costs as financial burdens, governance mechanisms—particularly board size—shape how CSR translates into firm value. Theoretically, the study supports stakeholder theory and legitimacy theory, which emphasize the importance of governance-based CSR management. Practically, banking institutions are advised to strengthen the role of boards in designing CSR strategies that are more strategic, directed, and credible to generate sustainable value.

Pengaruh Struktur Modal dan Kinerja Keuangan terhadap Nilai Perusahaan dengan Ukuran Perusahaan Sebagai Moderasi

Ayu Minarma Pasaribu — 2025-10-25

The volatility of firm value in Indonesia’s consumer non-cyclicals sector in recent years reflects investors’ uncertainty regarding the effectiveness of corporate financial management. Despite the sector’s defensive nature, several leading firms have experienced a decline in stock performance, raising concerns about the role of internal financial factors in determining firm value. This study aims to examine the effect of capital structure and financial performance on firm value, with firm size as a moderating variable. The study employs a quantitative approach using secondary data from the annual reports of 40 consumer non-cyclicals companies listed on the Indonesia Stock Exchange for the 2020–2024 period, resulting in 200 observations. Data were analyzed using Moderated Regression Analysis (MRA) with SPSS version 27. The results show that capital structure (DER) and financial performance (ROA) have a positive effect on firm value. Moreover, firm size strengthens the relationship between financial performance and firm value but fails to moderate the effect of capital structure on firm value. This study fills the gap by providing evidence from the post-pandemic period, focusing on a defensive sector where firm size may no longer signal financial strength effectively. The findings contribute to both theory and practice by emphasizing that managers in the consumer non-cyclicals sector should maintain optimal leverage and profitability to sustain investor confidence and firm value stability.

Analysis of Environmental Accounting Applicationin Cattle Waste Management in Kabupaten Parigi Moutong

Tina Sintiani — 2025-10-26

This research aims to analyze the application of environmental accounting in the management of cattle waste at the Harapan Baru II Farmers Group in Kabupaten Parigi Moutong. This research uses a qualitative approach with an exploratory case study method through interviews, observations, and documentation, which are analyzed using the Miles and Huberman model. The research results show that the group has processed livestock waste into economically valuable compost fertilizer, even tho they still use manual equipment. From a cost perspective, routine expenses such as the purchase of chalk and sacks have been recorded, but have not yet been separated from other operational costs. The group has also kept simple records through cash and asset books, but these are not fully compliant with PSAK 69. Socially, waste management receives community support because it does not cause pollution and increases income, but regulatory support from the government is still limited. This finding indicates that the application of environmental accounting among smallholder farmers is already happening in practice, but it needs to be strengthened through more detailed cost separation and the implementation of appropriate accounting standards.

Optimasi Manajemen Risiko dan Efektivitas Pengiriman Kargo: Uji Mediasi Service Quality dengan PLS-SEM pada CV Anugrah Alam Abadi

Putri Indah Lestari — 2025-10-20

The cargo distribution industry in Indonesia continues to face challenges such as lost, damaged, delayed, and exchanged goods. This study aims to analyze the effect of Risk Management Optimization on Cargo Distribution Delivery, with Service Quality as a mediating variable. Using a quantitative approach and the Structural Equation Model (SEM) method based on Partial Least Square (PLS), data were collected from 50 respondents consisting of 40 operational employees and 10 active customers of CV Anugrah Alam Abadi. The results show that Risk Management Optimization significantly influences Cargo Distribution Delivery (? = 0.565; p < 0.001) both directly and indirectly through Service Quality (? = 0.337; p = 0.006). These findings confirm that effective risk management not only reduces operational risks but also enhances service reliability and delivery efficiency. Practically, companies should strengthen Standard Operating Procedures (SOP) for cargo loading–unloading, implement real-time tracking systems, and establish clear Service Level Agreements (SLA) with transportation partners to minimize risk and improve customer satisfaction.

Pengaruh Leverage dan Ukuran Perusahaan terhadap Nilai Perusahaan dengan Profitabilitas sebagai Variabel Moderasi: Studi pada Perusahaan Sektor Industri di Bursa Efek Indonesia Periode 2020–2023

Anjeli Melita Br Aritonang — 2025-10-15

This study examines the effect of leverage and firm size on firm value and investigates the moderating role of profitability in industrial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. A quantitative approach with a causal associative design was employed, using 72 observations from 18 firms selected through purposive sampling. Data were obtained from annual financial statements and analyzed with Moderated Regression Analysis (MRA) using SPSS 27. The findings reveal that leverage and firm size do not significantly influence firm value, indicating that higher debt ratios or larger firm size alone do not enhance investor perceptions. However, profitability strengthens the relationship between leverage and firm value, while no moderating effect is observed in the link between firm size and firm value. These results contribute to financial literature by reaffirming the importance of profitability as a strategic factor in capital structure decisions. Practically, managers are encouraged to maintain strong profitability to ensure that debt financing strategies are positively perceived by investors and support value creation.

The Role of Board Composition on ESG Disclosure: An Analytical Study in Indonesia

Iskandar Itan — 2025-10-15

Market capitalization and Environmental, Social, and Governance (ESG) disclosure have become increasingly interconnected in contemporary corporate governance, yet the mechanisms through which board composition influences ESG transparency in emerging markets remain insufficiently explored. This study examines the relationship between board characteristics and ESG disclosure quality among Indonesian listed companies, specifically analyzing how these relationships manifest across different market capitalization thresholds. Using panel data regression analysis of 256 observations from 64 Indonesian Stock Exchange companies over 2019-2022, this research investigates the effects of board size, board meetings, female board representation, audit committee size, nomination and remuneration committee size, and board compensation on ESG disclosure practices. The study addresses a critical research gap by providing empirical evidence from Indonesia's underrepresented emerging market context, where corporate governance structures and disclosure practices differ markedly from Western frameworks. Results reveal that market capitalization demonstrates no significant impact on ESG disclosure quality, contradicting conventional expectations. Board size and female director representation exhibit unexpected negative relationships with ESG disclosure, suggesting coordination challenges and potential tokenistic appointments within Indonesian contexts. Conversely, audit committee size, nomination and remuneration committee size, and board compensation demonstrate robust positive associations with ESG transparency, highlighting their critical roles in enhancing oversight capacity and aligning managerial incentives. This research contributes theoretically by challenging universal governance prescriptions and demonstrating contextual variations in board mechanism effectiveness within emerging economies. Practically, findings suggest Indonesian corporations should prioritize committee-based governance structures and performance-linked compensation over numerical board expansion. Policymakers should emphasize substantive governance effectiveness through director training and accountability mechanisms rather than mandating demographic diversity targets alone. Future research should pursue longitudinal analysis and qualitative investigations to illuminate temporal dynamics and cultural mechanisms underlying governance-ESG relationships in Southeast Asian markets.

Governance, Strategy, and Sustainability: The Effect of Sustainability Committees on ESG scores in Indonesia

Ary Haritsaning Atmadya — 2025-10-25

This study investigates whether a Sustainability Committee (SC) improves firms' ESG performance and whether this effect depends on business strategy. Using a split?sample design for Analyzer and Defender firms, we analyze 359 firm-year observations from companies listed on the Indonesia Stock Exchange (IDX) during 2017–2022. ESG performance (ESG Score) is constructed from the proportion of Global Reporting Initiative (GRI) indicators disclosed. Business strategy is classified following the Miles and Snow (1976), operationalized by Bentley et al.'s (2013) financial metrics. The empirical approach employs rergession analysis with year fixed effects and a Propensity Score Matching (PSM) robustness check to mitigate selection bias. The sample is distributed between Defender (50.7%) and Analyzer (49.3%) strategies. Defender firms focus on efficiency, cost control, and operational stability within well-defined product markets, while Analyzer firms balance efficiency with adaptability by maintaining stable core operations but simultaneously exploring innovation and market opportunities. Regression results show that SCs are positively and significantly associated with ESG Scores in Defender firms and in the full sample, but not in Analyzer firms. PSM results corroborate these findings. Overall, the evidence indicates that the effectiveness of sustainability governance is contingent on strategic orientation: SCs appear most impactful in efficiency- and compliance-oriented settings typical of Defender firms. At the same time, their influence is weaker in more adaptive Analyzer settings. The study extends stakeholder-oriented governance research in an emerging-market context and offers practical and policy insights for strengthening sustainability oversight in Indonesia.

Strategi Live Streaming dalam Meningkatkan Daya Saing UMKM di Era Ekonomi Digital: Analisis Perilaku Belanja Konsumen

Asmawati Halilah Damanik — 2025-10-30

The rapid growth of the digital economy requires Micro, Small, and Medium Enterprises (MSMEs) to adopt technology-based marketing strategies. Live streaming has become a potential strategy as it enables direct interaction with consumers, builds trust, and expands market reach; however, its use among MSMEs in Simalungun Regency remains limited. This study aims to analyze the influence of live streaming strategies on MSME competitiveness by considering consumer purchasing behavior. A mixed-methods explanatory design was applied, combining quantitative surveys analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with qualitative approaches through interviews, focus group discussions, and observations. The sample consists of at least 100 respondents, including MSME owners and consumers. The study is expected to produce a contextual digital marketing model based on live streaming, a mapping of consumer content preferences, and recommendations for effective social media platforms. The findings are expected to strengthen MSME competitiveness and support sustainable digital transformation

Peran Program Dinas Koperasi dan UKM dalam Pemberdayaan dan Pengembangan UMKM di Kota Binjai

Salsabilla Salsabilla — 2025-10-30

ABSTRACT

This study aims to analyze the role of the Cooperative and SME Agency program in the empowerment and development of Micro, Small, and Medium Enterprises (MSMEs) in Binjai City. The scope of the study covers programs that have been implemented, implementation efforts, and obstacles faced by the agency and MSME actors. This study uses a qualitative approach with a field study type. Data collection techniques include observation, documentation, and interviews, which are then analyzed using the Miles and Huberman interactive model. The results of the study show that the Binjai City Cooperative and SME Office has implemented various programs such as entrepreneurship training, business equipment assistance, assistance in obtaining a Business Identification Number (NIB), and MSME exhibitions. However, budget constraints and the absence of honoraria are obstacles to implementing the program. It was also found that some business actors are not yet members of the MSME community and therefore do not receive the benefits of the program. This study has both theoretical and practical implications. Theoretically, the study reinforces the understanding that the role of local government, particularly the Cooperative and SME Agency, is a strategic factor in promoting MSME empowerment through the implementation of structured programs. Practically, this study provides input for local governments to prioritize budget allocation efficiency, expand digital-based information channels, and build inclusive systems so that MSME actors outside the formal community can also benefit from the program.

Keywords: MSME Empowerment, MSME Development, Cooperative and SME Agency Programs, Program Management

Illegal Cigarette Profits and Informal Accounting Practices: A Political Economy of Accounting Perspective

Assri Nuur Tri Oktafiyanti — 2025-10-15

This study examines the phenomenon of illegal profits from the sale of cigarettes without excise stamps in GBG-SLM Regency using the Political Economy of Accounting (PEA) approach. The main objective is to analyze the practice of illegal cigarette profits from a PEA perspective and highlight its implications for the economic system and fiscal regulation at the local level. The research employed a qualitative method with a critical paradigm, where data were collected through field observations, in-depth interviews with business actors, and documentation analysis related to production and distribution activities. The findings reveal that the illegal cigarette industry is dominated by small and medium-sized kinship-based enterprises. The profits generated are relatively high but remain unrecorded in the formal financial system, creating gaps in state revenue. Accounting practices used by the actors serve merely as a formality to evade fiscal obligations, rather than as tools for transparency or accountability. This condition reflects the interplay of power relations, local culture, and economic interests in sustaining the practice of illegal cigarette trade.The novelty of this research lies in its PEA-based analysis that integrates political economy perspectives with local values and culture, thereby contributing to the formulation of more contextual fiscal policies. Thus, this study emphasizes that accounting is not solely a technical instrument but also a social, political, and cultural practice that shapes the sustainability of public policy.

Manajemen Laba dan Efisiensi Investasi: Studi pada Perusahaan Indonesia 2019–2023

Mutiara Syalwa — 2025-10-15

Investment efficiency is a critical indicator of how well firms allocate capital to value-adding projects. Beyond traditional performance metrics, the credibility of financial reporting shapes investors’ beliefs and, in turn, real investment decisions. This study examines whether earnings management (EM) influences investment efficiency (IE). The sample comprises 315 Indonesia-based firms observed over 2019–2023 drawn from the London Stock Exchange Group (LSEG) database using a purposive sampling method. This is a quantitative study, EM is measured using performance-adjusted discretionary accruals (Kothari et al., 2005), while IE is proxied by the deviation of actual investment from its “normal” level (Biddle et al., 2009). Data analysis includes classical assumption tests, descriptive statistics, multiple linear regression, and hypothesis testing. The results indicate that EM has a negative and significant effect on IE. These findings are consistent with signaling theory, which posits that low-credibility, low-cost signals such as earnings manipulation heighten information asymmetry, weaken the linkage between investment and fundamentals. Practically, firms should strengthen reporting governance and align managerial incentives with long-term performance to curb EM and improve capital allocation. Future research is encouraged to expand the scope to the ASEAN region and incorporate using ownership structure as moderating factors to better explain the EM and IE relationship. This study is limited to the Indonesian context and further research across ASEAN countries is needed to enhance generalizability.

Peran Kecerdasan Buatan (AI) Dalam Meningkatkan Audit Forensik Untuk Mendeteksi Kecurangan: Tinjauan Literatur Sistematis

Icha Amalia Fernanda — 2025-10-28

Forensic auditing increasingly employs artificial intelligence (AI), yet practice faces data, transparency, and institutional-readiness gaps, especially in developing countries. This review conducts a Systematic Literature Review (2015–2025) across Scopus, Web of Science, and SINTA: 150 records screened, 30 included and thematically synthesized via manual coding. Findings answer the RQs through three pathways: anomaly detection in ledgers/transactions, text analysis of reports–claims–communications, and network analysis of supplier–contract relations, strengthened by RPA, immutable logging, and visual analytics; together these reduce false positives, speed investigations, and reinforce evidence auditability. Practically, we map use-cases to implementable transparency controls and propose a staged adoption roadmap for SAIs, anti-corruption agencies, and audit firms. Theoretically, we outline an ethics-regulatory adoption frame. Novelty: this review reframes AI as an epistemic instrument and introduces the Integrated Forensic-AI Transparency Stack (IFATS) to operationalize auditability beyond a finance-centric lens, with emphasis on developing-country contexts.

Carbon Tax, Green Innovation, and Sustainable Development: Evidence from a Systematic Literature Review

Lady Karlinah — 2025-10-25

This study employs a Systematic Literature Review (SLR) using the PRISMA framework to examine the role of carbon tax in fostering green innovation and advancing sustainable development. A total of 40 peer-reviewed articles published between 2015 and 2025 were analyzed from major databases including Scopus, Web of Science, and Google Scholar. The findings reveal that the carbon tax not only functions as a fiscal instrument to reduce carbon emissions but also acts as a catalyst for corporate green innovation and environmental disclosure practices. Three dominant themes emerged: (1) the effectiveness of carbon tax in reducing emissions and strengthening fiscal capacity, (2) its influence on corporate strategies to promote green technology and sustainable business models, and (3) its contribution to achieving the Sustainable Development Goals (SDGs), particularly in developing economies. While the carbon tax shows significant potential, challenges such as policy inconsistency, institutional weakness, and industrial resistance remain obstacles to its full implementation. The review offers guidance for policymakers to integrate fiscal and innovation policies toward sustainable growth.

Family Firms That Care: CSR’s Hidden Path to Performance

Sukiantono Tang — 2025-10-01

This study examines the effectiveness of Corporate Social Responsibility (CSR) in improving employee commitment and organizational performance, focusing on its role as a psychological strategy. Many companies are reluctant to implement CSR because they believe it has no direct effect on performance, especially since factors such as organizational identification and commitment are difficult to measure. The research uses a quantitative approach with primary data collected through an online survey of employees from family firms in Batam. The population consists of all employees of family firms in the area, with purposive sampling producing 211 respondents. Data analysis employed the Partial Least Squares (PLS) method using SmartPLS software. The results show that CSR toward employees and CSR toward the environment significantly improve organizational performance through partial mediation by organizational commitment and organizational identification. CSR toward employees has the strongest mediation effect through organizational commitment, while CSR toward the environment shows partial mediation through organizational identification. CSR toward the community has weak or no mediation effects. The findings indicate that CSR programs focusing on employees and the environment are more effective in enhancing performance by strengthening employee identification and commitment. For management, this suggests designing CSR initiatives that involve employees directly. The results also offer guidance for educational institutions and policymakers in creating more contextual human resource and CSR programs. This research contributes to understanding the psychological mechanisms linking CSR and performance through sequential mediation of organizational identification and commitment, an area that remains underexplored in family firms in emerging economies. This study extends CSR research by introducing sequential mediation of organizational identification and commitment in family firms in emerging economies, a mechanism rarely examined in prior studies

Profitabilitas sebagai Mediator Pengaruh Good Corporate Governance dan Corporate Social Responsibility terhadap Nilai Perusahaan

Irma Fernanda Devi — 2025-09-30

This study empirically analyze the mediating role of profitability on the relationship between Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on Firm Value. Using a quantitative approach with purposive sampling, the study examines consumer goods companies on the Indonesia Stock Exchange (IDX) from 2020-2024, with data analyzed via Partial Least Square - Structural Equation Modeling (PLS-SEM). The results showed that GCG has a positive and significant effect on Firm Value and Profitability. In contrast, CSR did not show a significant effect on either. The main finding of this study is that profitability, as measured by Return on Equity (ROE), was proven to significantly mediate the relationship between GCG and Firm Value partially. This indicates that effective GCG mechanisms increase firm value largely through improving financial performance first, which is a positive signal for investors. However, profitability was unable to mediate the relationship between CSR and Firm Value. These findings confirm that, in the context of the Indonesian consumer goods market during the study period, good governance practices were a more fundamental driver of value than social responsibility disclosure. This research contributes to the literatur by confirming the mediating role of profitability in the post-pandemic Indonesian consumer market.

Pengaruh Pemanfaatan Teknologi Informasi, Kompetensi SDM dan Sistem Pengendalian Intern terhadap Kualitas Laporan Keuangan

Aried Sumekar — 2025-09-30

In Indonesia, a regulation has been established that requires small businesses to prepare financial statements or maintain proper accounting records, namely Minister of Cooperatives and Small and Medium Enterprises Regulation No. 2 of 2024 concerning Cooperative Accounting Policy. However, despite the enactment of this regulation, in reality, many MSME players still prepare financial statements that do not comply with standards, and some do not prepare financial statements at all. The purpose of this study is to identify the factors influencing the quality of financial statements in SMEs in the city of Medan. The research method chosen is a mixed-methods approach. The population in this study consists of SMEs registered with the Cooperative and SME Agency of the City of Medan. The sample was reduced using purposive sampling with selected criteria, resulting in a total of 113 samples. Data will be analyzed using path analysis (Smart PLS). The results of the analysis indicate that the three independent variables—information technology utilization, human resource competence, and internal control systems—have a positive and significant impact on the quality of SME financial statements. Among these three variables, the internal control system has the most dominant influence, with an effect size of 61.5%. This indicates that the better the implementation of internal control systems, the higher the quality of financial reports produced by SMEs. This finding has practical implications for SME development, particularly in strengthening internal control aspects and improving the utilization of information technology and human resource competencies to support the accountability and transparency of financial reports.

Empirical Evidence on the Role of Local Own-Source Revenue in Strengthening Fiscal Independence of Indonesian Local Governments

Nurhany Hasanah — 2025-09-30

Regional fiscal independence is a key indicator of local governments’ ability to manage development sustainably without excessive dependence on central transfers. However, many regions in Indonesia still face limited fiscal capacity, primarily due to suboptimal management of Local Own-Source Revenue (PAD). This study aims to analyze the influence of each PAD component regional taxes, retributions, proceeds from regional asset management, and other legitimate PAD on regional fiscal independence in Indonesia. The research uses secondary data from 542 provinces, regencies, and municipalities during the 2019–2023 period, with 2,485 observations obtained through purposive sampling. Data were analyzed using panel data regression with the Fixed Effects model in STATA 17. The results show that all PAD components have a positive and significant effect on regional fiscal independence, indicating that greater PAD optimization strengthens local financial autonomy. The findings suggest that local governments should manage PAD professionally and strategically to improve institutional capacity, enhance revenue governance, and reduce dependence on central government transfers. In conclusion, strengthening PAD serves as the foundation for sustainable fiscal independence and long-term regional development.

Analisis VAIC sebagai Determinan Kinerja Keuangan pada Perusahaan Perbankan di Bursa Efek Indonesia

Salmariana Pasaribu — 2025-09-30

The advancement of technology in the digital era and the increasing competition in the banking industry demand that companies not only rely on physical assets but also leverage intellectual capital to enhance financial performance. Intellectual capital comprises physical capital, human capital, and structural capital, which must be effectively managed to create value ad ded and maintain competitiveness. This study aims to examine the effect of intellectual capital on financial performance, measured by Return on Assets. It addresses the research gap arising from inconsistent findings in previous studies regarding the impact of intellectual capital components on profitability, as well as the limited focus on the Indonesian banking sector in the post-pandemic period (2020–2024), a critical era of accelerated digital transformation. This study employs the VAIC^TM(Value Added Intellectual Coefficient) method to measure intellectual capital, with its components Value Added Capital Employed, Value Added Human Capital, and Structural Capital Value Added as independent variables. Using purposive sampling, 19 out of 47 banking companies listed on the Indonesia Stock Exchange were selected. Data were analyzed through multiple linear regression using SPSS. The findings reveal that VACA, VAHU, and STVA each have a positive and significant effect on financial performance. The research model yields an Adjusted R² of 0.684, indicating that 68.4% of the variation in ROA is explained by intellectual capital. These results provide empirical evidence of the importance of intellectual capital in enhancing bank profitability and offer practical implications for banking management in optimizing intellectual resources.

The Role of Audit Committees in Moderating Tax Planning, Deferred Tax, and Firm Size on Earnings Management: Evidence from Consumer Goods Companies (2019–2023)

Firmansyah Tandju — 2025-09-30

This study aims to reveal the essence of audit committees in relation to tax planning, deferred tax expense, and company size on earnings management in consumer goods companies listed on the Indonesia Stock Exchange during the period 2019-2023. Quantitative measurements were made by applying structural model equations through WarpPLS V.8.0 analysis on 19 companies that met Purposive Sampling, with a total of 95 data observations for primary and non-primary consumer companies from 2019 to 2023. The study found that tax planning, tax expenses, and company size have a significant negative relationship with corporate earnings management practices, with an R-Square value of 22.6%, indicating the existence of a good earnings management prevention strategy in the research variable relationship. Tax planning (?=-0.390, p<0.001) suppresses earnings management, deferred tax expenses (?=-0.290, p<0.001) suppress earnings management, and company size (?=-0.562, p<0.001) suppresses earnings management. The audit committee plays an important role in strengthening the relationship between tax planning (?=-0.215, p<0.001) and company size (?=-0.366, p=0.003) in inhibiting corporate earnings management tendencies. However, in the case of deferred tax expenses (?=0.559, p<0.001), the audit committee allows earnings management to occur due to complexities and temporary differences that can become loopholes for management to commit fraud. This study provides insights into the comprehensive strengthening of corporate financial reporting oversight to avoid conflicts of interest between principals and agents, thereby maximizing corporate performance through corporate governance.

Firm-Specific Determinants of Stock Prices in the Post-Pandemic Era

Ardyan Firdausi Mustoffa — 2025-09-30

Purpose—This study aims to analyze the influence of firm-specific factors—specifically Cash Flow, Profitability, Firm Size, and Capital Structure—on the Stock Prices of consumer manufacturing firms listed on the Indonesia Stock Exchange (IDX). This sector is strategically vital due to its substantial contribution to the national Gross Domestic Product (GDP), yet its stocks frequently face challenges related to volatility and price decline, raising critical questions about which fundamental signals are most effectively received and acted upon by the market. Design/Methodology—Employing a multiple linear regression method, this research utilizes secondary data from annual financial reports covering the period 2019 to 2024. The novelty lies in its comprehensive simultaneous analysis of these four fundamental variables in this sector, specifically emphasizing the differential signaling effect between Cash Flow and Profitability. Findings—Partial test results indicate that Cash Flow from Investing Activities/CFI and Firm Size have a positive and significant effect on Stock Prices. This suggests that investors perceive Cash Flow as a more reliable signal of a company's financial health than Profitability, which was found to be partially insignificant. Simultaneously, all four variables collectively demonstrate a significant effect on Stock Prices. Conclusion—In the Indonesian market context, Cash Flow from Investing Activities/ CFI and Firm Size are the key factors that command the most attention from investors in their investment decision-making processes within the consumer manufacturing sector

Good Corporate Governance Strategy and Firm Value: The Moderating Role of Firm Size

Taufik Hidayat — 2025-09-30

This study analyses the effect of Good Corporate Governance (GCG) on firm value in the property and real estate sector in Indonesia, with firm size as a moderating variable. The phenomenon of fluctuating stock prices and decreasing company value in this sector is the background of the study. GCG is measured through the board of directors, board of commissioners, and audit committee, while firm value is calculated by Price Book Value (PBV). The research sample consisted of 24 property and real estate companies listed on the Indonesia Stock Exchange during the period 2013-2024, using a purposive sampling technique. The data was analysed using panel data regression with e-Views. The results indicate that the board of directors has a positive impact on firm value, whereas the boards of commissioners and the audit committee have no significant effect. Firm size weakens the effect of the board of directors on firm value, but does not moderate the effect of the board of commissioners and the audit committee. The findings indicate the complexity of the relationship between GCG, firm size, and firm value in the property and real estate sector in Indonesia. This research enriches agency and signaling theories, and shows that the role of the board of directors has a greater influence on smaller firms, suggesting that larger firms need to develop adaptive governance mechanisms to enhance the board’s effectiveness

Evaluasi Penerapan TER PPh 21 Pada Pemungut Pajak Berdasarkan The Four Maxim

Alvidhea Melfianti — 2025-09-30

The complexity of Income Tax Article 21 calculations has led the Indonesian government, through the Directorate General of Taxes (DGT), to introduce a new calculation scheme known as the Average Effective Tax Rate (TER). This policy was designed to provide simplicity, convenience, and fairness. However, its implementation in practice has not been free from criticism. This study aims to evaluate the implementation of TER in the withholding of Income Tax Article 21 using Adam Smith’s Four Maxims: equity, certainty, convenience, and efficiency. A qualitative method was employed, with data collected through in-depth interviews with tax authorities, tax withholders, and tax consultant. The findings indicate that in terms of the justice principle, the ability-to-pay and horizontal equity principles are relatively fulfilled. However, the benefit principle is not universally perceived by all taxpayers, and vertical equity remains suboptimal—particularly for recipients of non-regular income. The principle of certainty has been fulfilled normatively, but challenges remain in the form of interpretational differences over certain provisions. The convenience principle is not yet fully achieved due to the instability of the DGT system and ongoing technical difficulties. Lastly, the efficiency principle has been optimally met, though the initial implementation incurred high financial cost.

Overconfidence CEO dan Nilai Perusahaan: Peran Mediasi Struktur Modal dan Investasi

Akhmad Yani — 2025-09-30

This study evaluates the impact of CEO overconfidence on company value, with the mediating role of capital structure and investment policy. The background of this study is highly relevant given the increasing attention to psychological aspects in financial decision-making in emerging markets, such as Indonesia, where leadership dynamics play an important role in business strategy and company value fluctuations. CEO overconfidence can encourage bold decision-making, which has the potential to increase company value. However, this behavior can also pose significant risks if not managed properly. The study uses a quantitative approach with Partial Least Squares Structural Equation Modeling (PLS-SEM) techniques to analyze 450 observations from 90 companies in the raw materials, consumer goods, energy, infrastructure, and manufacturing sectors listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. The CEO overconfidence index was measured through a combination of demographic indicators such as share ownership, age, tenure, and education level. The analysis results show that CEO overconfidence has a significant effect on capital structure and investment policy, as well as a direct impact on company value. Of the two mediating variables, only investment policy (ROI) significantly mediates this relationship, while capital structure (DER) does not. These findings support behavioral finance theory and signaling theory, which affirm that cognitive biases play a real role in managerial financial decisions. Practically, this study provides important insights for investors to evaluate the impact of psychological biases on company performance and for boards of directors to formulate incentive policies that can manage CEO behavioral risks, thereby making strategic decision-making more optimal and transparent.

Empirical Study of Social Budget And Regional Wealth In Achieving SDG 1 (No Poverty) in Indonesia

Nur Triany Rais — 2025-09-30

This study attempts to explore the influence of social budget and regional wealth on the achievement of Sustainable Development Goals (SDGs) 1 “No Poverty” in Indonesia, which is an important issue considering the high poverty rate and the suboptimal utilization of regional budgets and wealth. This study uses secondary data from local governments in Indonesia in 2018–2022 with a total sample of 2.320 observations, and is analyzed using a panel data regression model with the Random Effect Generalized Least Squares (GLS) regression approach. The results of the study indicate that social budget and regional wealth have a significant influence on the achievement of SDGs 1. Specifically, the panel regression result show that social budgets and Regional Government Expenditure (APBD) are significant at the 1% level with an Adjusted R² of 0,147. By increasing the allocation of social budgets and managing and utilizing regional wealth optimally, local governments can carry out poverty alleviation efforts more effectively, accelerate poverty reduction, and aid in the region’s attainment of Sustainable Development Goals. This study emphasizes the importance of local governments to increase targeted social budget allocations, manage regional wealth more productively, and design policies that focus on sustainable poverty reduction to support the achievement of SDGs 1 targets.

Financial Literacy, Inclusion, and Competence in Driving MSME Sustainability: A Mediation–moderation Model of Financial Self-efficacy

Aliah Pratiwi — 2025-10-01

The purpose of this study was to determine the direct relationship between financial literacy and financial inclusion on financial self-efficacy and MSME performance. The indirect relationship between financial literacy and financial inclusion on MSME performance through financial self-efficacy was also examined, as well as the role of competence as a moderating variable. This study used a quantitative approach by distributing questionnaires. The population in this study was all MSMEs in Bima City and Regency. The sampling technique used was random sampling, which is a random sampling based on a predetermined sample. The total sample size was 225 respondents, with 100 respondents in Bima City and 125 respondents in Bima Regency. The data analysis tool used was Smart PLS. The results of this study indicate that financial literacy and financial inclusion influence financial self-efficacy, and financial self-efficacy also influences the sustainability performance of MSMEs. Similarly, regarding the indirect effect, the results indicate that financial literacy and financial inclusion influence the sustainability performance of MSMEs through financial self-efficacy. Competence moderates the relationship between financial literacy and inclusion on financial self-efficacy, as well as the relationship between financial self-efficacy and the sustainability performance of MSMEs.

Pengaruh Green Innovation dan Carbon Emission Disclosure terhadap Kinerja Keuangan dimoderasi Gender Diversity

Mulya Rizki Putri — 2025-09-30

This study aims to examine the moderating role of gender diversity in the relationship between green innovation, carbon emission disclosure (CED), and financial performance. A quantitative approach was applied using secondary data from financial and sustainability reports of high-profile and low-profile companies listed on the Indonesia Stock Exchange (IDX) during 2023–2024. From a population of 738 firms, 177 were selected through purposive sampling, yielding 354 observations. Data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM-PLS) with WarpPLS 7.0. The results reveal that green innovation and CED have a positive and significant effect on financial performance, reflected in improved cost efficiency, reputation, sustainable financing access, and stakeholder trust. Furthermore, gender diversity strengthens the impact of green innovation and CED on profitability and corporate legitimacy. These findings highlight the importance of integrating sustainability strategies with balanced gender representation on boards to enhance financial performance and ensure long-term corporate sustainability. Practically, the study suggests that companies should reinforce green innovation, environmental disclosure, and gender diversity as synergistic strategies to achieve optimal performance.

The Meaning of Profit from the Perspective of Rice Farmers in Desa Kabalo, Kecamatan Tojo Barat, Kabupaten Tojo Una-Una

Nur Afifa — 2025-09-30

This study aims to explore the meaning of profit from the perspective of rice farmers in Kabalo Village, Kecamatan Tojo Barat, Kabupaten Tojo Una-Una, by considering economic, social, and spiritual aspects. Unlike previous studies that tend to define profit narrowly as financial or accounting outcomes, this research highlights the multidimensional interpretation of profit based on local wisdom. Using a qualitative descriptive design with a phenomenological approach, data were obtained through field observations, in-depth interviews with three landowning farmers, and documentation. The analysis followed phenomenological stages, namely reduction, imaginative variation, and meaning synthesis, complemented by triangulation and member checks to ensure data validity. The findings reveal that profit is understood in three main dimensions: as a reserve for basic needs, as future savings that ensure security, and as the fruit of patience in the farming process. This study contributes to behavioral accounting literature by demonstrating how rural communities integrate material and immaterial values in defining profit, while also offering insights into the role of local wisdom in shaping accounting concepts in the farming economy.

Faktor-Faktor Penentu Akuntabilitas Kinerja Pemerintah: Dari Anggaran hingga Sistem Pelaporan

Zanabel Nuriajan Tauda — 2025-09-30

This study aims to analyze the influence of performance-based budgeting, government internal control systems, compliance with laws and regulations, human resource competence, and reporting systems on the performance accountability of government agencies in Ternate City. A quantitative approach was employed using a survey method. Data were collected through questionnaires distributed to 120 respondents from 34 Regional Apparatus Organizations (OPD) selected using purposive sampling. Data were analyzed using multiple linear regression with SPSS. The results reveal that performance-based budgeting and internal control systems have a positive and significant effect on performance accountability. In contrast, compliance with regulations, human resource competence, and reporting systems do not have a significant influence. The model explains 63% of the variance in the dependent variable. The novelty of this research lies in the simultaneous testing of five variables affecting accountability, particularly the inclusion of the reporting system, which has rarely been examined alongside other factors in the context of local governments. These findings emphasize the importance of implementing results-oriented budgeting and effective internal controls to enhance government accountability..

Pengaruh Literasi Keuangan dan Uang Saku Terhadap Perilaku Konsumtif Mahasiswa Politeknik Negeri Tanah Lau

Putri Rahmayani — 2025-09-30

Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan dan uang saku terhadap perilaku konsumtif mahasiswa Politeknik Negeri Tanah Laut. Metode yang digunakan adalah kuantitatif., data dikumpulkan melalui kuesioner dengan 76 responden dan data dianalisis menggunakan SPSS versi 26. Analisis data menggunakan regresi linear berganda, uji analisis yang digunakan meliputi uji normalitas, uji reliabilitas, uji normalitas, uji heterokedastisitas, dan uji multikolineritas. Hasil penelitian menunjukkan 1) literasi keuangan tidak berpengaruh terhadap perilaku konsumtif; 2) uang saku berpengaruh terhadap perilaku konsumtif; 3) literasi keuangan dan uang saku berpengaruh terhadap perilaku konsumtif mahasiswa. Nilai koefisien determinasi (R²) sebesar 0,109 menunjukkan bahwa kedua variabel bebas menjelaskan 10,9% variabel perilaku konsumtif., sedangkan sisanya sebesar 89,1% dipengaruhi oleh variabel lain. Kesimpulan dari penelitian adalah pengelolaan keuangan yang baik dalam penggunaan uang saku sangat penting untuk mengurangi perilaku konsumtif, meskipun literasi keuangan belum menunjukkann pengaruh langsung terhadap perilaku konsumtif.

Sustainable Competitive Advantage: Transforming Green Practices Into Batik SME Performance

Srikalimah Srikalimah — 2025-09-30

This study analyzes how green entrepreneurship (GE) and sustainable business management (GBM) affect the performance of natural-dye batik SMEs., with sustainable competitive advantage (SCA) serving as a mediating factor. The research population consists of 48 natural-dye batik MSMEs in Kediri registered with relevant institutions. A saturated sampling technique was applied, making the entire population the research sample. The research utilized Structural Equation Modeling-Partial Least Squares (SEM-PLS) to quantitatively investigate both direct effects and mediated relationships among variables. The findings indicate that GE and GBM have no significant direct effect on BP or SCA. Conversely, SCA has a significant positive effect on BP and fully mediates the influence of GE on BP as well as GBM on BP. The study underlines that improvements in business performance through green entrepreneurship and green business management are achieved only if such practices are first shaped into sustainable competitive advantage. These results provide empirical support for the Natural Resource-Based View (NRBV), highlighting that environmental strategies yield sustainable performance only when coupled with inimitable organizational capabilities and provides practical implications for batik MSMEs to focus on product differentiation, innovation, and eco-branding.

Village Fund Realization, Leadership Capacity, and Geographical Barriers: Evidence from 1,841 Villages in Central Sulawesi, Indonesia

Annisa Nabila Febryana — 2025-09-30

This study aims to analyze the influence of the realization of village funds, the capacity of the village head, and the geographical barriers on the performance of the village government. Based on 1.841 villages in Central Sulawesi using Fixed Effect Regression, it was found that the realization of village funds and the education level of the village head had a significant positive influence on the performance of the village government, while the geographical barriers had a significant negative influence on the performance of the village government. Therefore, it can be concluded that optimizing the use of village funds, increasing human resource capacity, and reducing geographical barriers are important factors in encouraging the effectiveness of village governance. From the findings, it is hoped that it will be an encouragement for the government to improve village development through increasing the realization of targeted village funds, paying attention to certain aspects in the recruitment of village heads, and the use of special strategies to overcome performance gaps in villages far from the city/district center

Pengaruh Struktur Modal Terhadap Kinerja Keuangan Bank Komersial Konvensional di Indonesia

Kesuma Dewi Safitri — 2025-09-30

In the banking world, the chosen capital structure will have a direct impact on the bank's ability to finance operational activities, manage risk, and maintain long-term financial stability. Therefore, this research was conducted to evaluate how far decisions related to capital structure can affect the financial performance of 22 conventional commercial banks on the IDX in 2021-2024, an analysis technique using the Stata 15 program with the Random Effect Model (REM). In this study, a quantitative approach with an explanatory study design was used. The t-test in this research shows that LDR and DTAR show a positive and significant influence on financial performance, while ATER shows a negative and significant influence on financial performance. The CAR and GA did not show a significant influence on financial performance. The results of this study imply that banks need to maintain a balanced capital structure, particularly in managing liquidity and funding ratios, to improve the effectiveness of financial performance.

Praktik Akuntansi Pada Upacara Adat Li Mati Li Heda Dengan Menggunakan Pendekatan Etnografi

Jetofandri Umbu Neka Dapamoni — 2025-10-01

This study is based on the traditional death ceremony Li Mati Li Heda in Anakalang, Central Sumba, which, beyond its cultural and spiritual significance, also involves resource management practices resembling accounting. The purpose of this research is to reveal the values of local wisdom, measurement standards, and recording practices embedded in the ceremony. A qualitative approach with an ethnographic method was applied, utilizing participatory observation, in-depth interviews, and documentation, while data validity was ensured through triangulation and member checks. The results indicate five core values of local wisdom, namely respect for ancestors, social solidarity, adherence to tradition, cultural identity, and spirituality; in addition, resource measurement was conducted using customary standards, and systematic records of revenues and expenditures were maintained by designated community members. In conclusion, the Li Mati Li Heda ceremony demonstrates that accounting practices can emerge from local traditions, functioning as a form of social accountability, ensuring transparency, and reinforcing cultural identity within the community. This study contributes to the literature on cultural accounting by showing how systematic recording and accountability practices are embedded in local traditions, beyond symbolic or social obligations found in similar ceremonies.

Reconfiguring Command Culture: Systematic Review on Organizational Dynamics and Leadership in the Military

Muchamad Andi Barata — 2025-10-06

Military organizational culture plays a central role in shaping collective behavior, hierarchical structures, and leadership effectiveness. In the era of technological disruption and geopolitical complexity, military institutions encounter growing pressure to align traditional cultural values with leadership approaches that are more adaptive, transformative, and sustainable. This study seeks to explore the interplay between military organizational culture and leadership strategies, highlighting the challenges and opportunities for institutional transformation. The research employs a systematic literature review method, focusing on academic sources published within the last five years. Relevant studies were selected based on their emphasis on organizational dynamics, cultural adaptation, and leadership models in military institutions. The review process enabled the identification of prevailing themes and gaps that affect cultural and leadership integration. The results indicate that ambidextrous and transformational leadership approaches offer significant potential to strengthen flexibility, innovation, and operational effectiveness in military organizations. These approaches foster the ability to balance stability with adaptability in dynamic environments. However, findings also reveal persistent resistance to innovation and structural change, which slows the pace of cultural transformation and limits the effectiveness of leadership strategies. The discussion emphasizes the importance of embedding progressive values such as collaboration, innovation, and transparency into military culture and leadership development. Strengthening these values can reduce resistance and improve institutional capacity to adapt to future challenges. Ultimately, the study suggests that sustainable reform in military organizations requires an integrated approach that combines cultural renewal with leadership transformation.

Pengaruh Struktur Modal dan Pertumbuhan Penjualan Terhadap Kinerja Keuangan dengan Ukuran Perusahaan Sebagai Variabel Moderasi

Venny Amanda Winanty — 2025-10-01

This study aims to determine the effect of capital structure and sales growth on financial performance, with company size as a moderating variable, in consumer goods manufacturing companies listed on the Indonesia Stock Exchange (IDX). This research is supported by Signaling Theory, which explains that financial information conveyed by management through financial reports provides signals to investors regarding the company's condition. The data used are secondary data, consisting of financial reports from consumer goods companies for the 2020–2024 period. The sample was determined using a purposive sampling method, resulting in 220 observations from 44 companies over a five-year period. Data analysis was conducted using descriptive statistics, while hypothesis testing used moderated regression analysis (Moderated Regression Analysis) with the help of SPSS version 27. The results indicate that capital structure has a negative and significant effect on financial performance, such that an increase in capital structure tends to decrease financial performance. Conversely, sales growth has no significant effect on financial performance. Furthermore, company size does not moderate the effect of capital structure or sales growth on financial performance, so company size does not change the strength of the influence of these two independent variables.

Pengaruh Leverage dan Arus Kas Operasi terhadap Financial Distress dengan Moderasi Profitabilitas

Fatimah Azzahra — 2025-10-01

The Indonesian textile industry faces intense competition and pressure from imported products, increasing the risk of financial distress. Financial distress, defined as the inability to meet financial obligations, threatens business continuity and is a major concern for investors and creditors. Prior studies on leverage, operating cash flow, and profitability show inconsistent results, leaving a gap in understanding, particularly regarding the moderating role of profitability. This study examines the effects of leverage and operating cash flow on financial distress and tests the moderating role of profitability in textile companies listed on the Indonesia Stock Exchange (IDX) for the 2019–2023 period. Leverage is measured by the Debt to Equity Ratio (DER), operating cash flow by the Operating Cash Flow Ratio (OCF), and profitability by Return on Assets (ROA). Financial distress is identified using the Springate model, with scores below 0.862 indicating distress. Logistic regression with panel data was applied to 10 purposively selected companies, yielding 50 firm-year observations. The findings reveal that leverage significantly affects financial distress, while operating cash flow and profitability show no significant influence. Moreover, profitability does not moderate the effects of leverage or operating cash flow on distress. Theoretically, this study contributes to the Pecking Order Theory by highlighting the limited role of profitability as an internal financing source. Practically, it provides insights for managers, investors, and creditors to strengthen financial sustainability through better capital structure management and profitability improvement.

Analisis Pengaruh Investment Opportunity Set, Profitabilitas, dan Dampaknya terhadap Dividend Payout Ratio: Studi pada Perusahaan LQ45 di Indonesia

Muhammad Alfa Niam — 2025-10-01

The purpose of this study is to investigate the effect of investment opportunity set (IOS) and profitability level (ROA) on dividend payout ratio (DPR) in companies listed on the Indonesia Stock Exchange and indexed in LQ45 from 2018 to 2021. This study fills the gap in previous research that showed inconsistent results regarding the influence of IOS on dividend policy in emerging markets. Using purposive sampling technique, 19 entities were selected as samples. Multiple regression analysis using SPSS 21 was employed as the analytical approach. The findings of this study indicate that IOS does not affect the Dividend Payout Ratio. Meanwhile, profitability (ROA) has a positive and significant effect on the Dividend Payout Ratio. This indicates that in the Indonesian context, where pyramid ownership structures are common, shareholders have more control over the company. Additionally, companies that can manage their assets effectively and efficiently create strong finances. This achievement is obtained by generating sufficient profits, so that companies are believed to be able to distribute part of their profits to shareholders in the form of dividends. The likelihood of a company distributing dividends increases if it achieves potential profits.

Independensi Auditor, Tekanan Anggaran Waktu Dan Kualitas Audit: Peran Moderasi Komitmen Organisasi Pada Kap Di Kepulauan Riau

Ita Mustika — 2025-10-01

This study aims to examine the effect of auditor independence and time budget pressure on audit quality with organizational commitment as a moderating variable. This research was conducted at a Public Accounting Firm in the Riau Islands. The sample in this study amounted to 120 respondents. This research is a quantitative study with data analysis techniques using SEM PLS with testing of the measurement model, validity test, reliability and then testing the structural model (inner model). The results of the study indicate that auditor independence has a significant positive effect on audit quality. The more independent the auditor in carrying out his duties, the higher the resulting audit quality. Time budget pressure has a significant negative effect on audit quality. Organizational commitment is able to moderate the effect of time budget pressure on audit quality. Auditors with a high level of organizational commitment maintain audit quality despite facing time pressure, while organizational commitment does not moderate the effect of auditor independence on audit quality. Auditor independence still has a positive impact on audit quality, regardless of the level of organizational commitment. This research has a novelty by presenting the organizational commitment variable as a moderating factor in the Indonesian context, especially at KAP in the Riau Islands which is still rarely explored in the literature. Practically, the results of this study can be valuable input for the auditor profession in improving audit quality through strengthening organizational commitment amidst the challenges of independence and time budget pressure.

Peran Moderasi Literasi Keuangan dalam Hubungan Modal Intelektual Hijau, Keunggulan Kompetitif Hijau, dan Kinerja Keuangan UMKM

Jayanti Mandasari — 2025-10-01

This research’s main objective is to improve the financial performance (FP) of MSMEs by improving the implementation of strategies based on Green Competitive Advantage (GCA) and GIC (Green Intellectual Capital) through financial literacy (FL). The development of MSMEs aligns with environmental sustainability. The high level of productivity, potential, and compatibility with environmental improvement made Sumbawa Regency, NTB, the study's choice. utilizing interview and survey methods to gather data and descriptive methods. Purposive sampling was employed to select respondents from a sample of 300. The study concludes that Green Intellectual Capital (GIC) and Green Competitive Advantage (GCA) exert a significant influence on the financial performance (FP) of micro, small, and medium enterprises (MSMEs). Furthermore, Financial Literacy (FL) functions as a moderating variable that strengthens the relationship between both GIC and GCA with MSMEs’ financial performance. The strategies, concepts, formulation patterns, and actions for adapting knowledge that support community and MSMEs’ independence include, in particular, highly qualified human resources, superior competencies based on knowledge innovation, and synergistic business competition in environmental protection with sound financial literacy. supporting ecosystem development plans and policies for long-term, continuous business growth.

Cultural Accounting in the Ogoh-Ogoh Tradition: A Symbolic Interactionist Approach

Kusila Meyrin Rossalia — 2025-10-01

This study aims to explore the practice of cultural accounting in the Balinese Ogoh-Ogoh tradition by revealing the values of local wisdom that shape the financial management system of the indigenous community. This study uses an interpretive qualitative methodology with a symbolic interactionism approach. The setting of this study was conducted in Banjar Gemeh, Denpasar, Bali, and involved nine (9) main informants determined through purposive sampling techniques. Data collection was carried out through non-participatory observation, semi-structured interviews, and documentation. Data analysis was carried out in five stages: narrative description, interaction process, symbol meaning, division of themes and categories of meaning, and analysis of thoughts, self, and society. The results of the Ogoh-Ogoh tradition research contain local wisdom values of ngayah, menyama braya and Tri Hita Karana. In addition, this study also reveals the accounting financing carried out by the banjar community as a form of social and symbolic accountability to local wisdom values. The value of ngayah is reflected in voluntary participation and awareness in providing funds without imbalance, while menyama braya strengthens solidarity and collective responsibility in financing, and Tri Hita Karana serves as the basis for harmony in managing human, natural, and spiritual resources. These three values influence the way communities organize, allocate, and account for funds socially and symbolically. This study contributes by uncovering symbolic and social accountability embedded in Ogoh-Ogoh cultural financing, beyond technical cost analysis used in prior studies. The novelty of this research lies in emphasizing symbolic interactionism to explain how cultural values shape accounting practices in a local community context. This study highlights the importance of integrating local cultural values into accounting systems to form relevant, contextual, and sustainable practices.

Pengaruh Perencanaan, Transparansi dan Akuntabilitas Pengelolaan Dana Desa Terhadap Potensi Pencapaian Tujuan SDGs Desa (Studi Kasus di Desa Naiola Timur)

Maria Yunita Kosat — 2025-10-01

This study aims to analyze the influence of planning, transparency, and accountability in village fund management on the achievement of Village SDGs in Naiola Timur Village. The background of this study is based on the condition that, despite Naiola Timur Village receiving village funds every year, its status is still classified as an underdeveloped village, and the implementation of SDG support programs is not yet optimal. The research population comprises the entire community of Naiola Timur Village, with a sample of 60 respondents selected through purposive sampling, consisting of village officials, BPD representatives, community leaders, and beneficiaries. The research used a quantitative approach with multiple linear regression assisted by SPSS. After adjusting the data by removing outliers to meet the assumption of normality, the results showed that planning and accountability had a significant positive effect on the achievement of village SDGs, while transparency had no significant effect. Simultaneously, all three variables were found to have a significant effect on the achievement of village SDGs. These findings emphasize the importance of participatory, accountable, and targeted village fund management as a prerequisite for achieving sustainable village development, and provide empirical evidence on how village fund management practices can influence the implementation of SDGs at the local level.

The Influence of Corruption Control, Financial Reporting Quality, and Local Own-Source Revenue on Achieving SDG 1

Mimin Alga Firdiansyah — 2025-10-01

Access to basic sanitation services represents a critical component in the achievement of the Sustainable Development Goals (SDGs), particularly Target 1.4.1, which emphasizes the necessity of providing essential services to all segments of the population without discrimination. Although national statistics indicate a gradual improvement in access, significant disparities persist at the subnational level, highlighting challenges in local fiscal governance. This study aims to analyze the simultaneous influence of Corruption Control (CC, measured using the Corruption Control Effectiveness Index (CCEI), Financial Report Quality (QFR, measured through audit opinions), and Local Own-Source Revenue (LOSR) on access to basic sanitation services. Employing a quantitative approach through a multiple linear regression model, this research utilizes panel data from 495 local governments across Indonesia over the period 2021–2022. The empirical results reveal that all three independent variables CC, QFR, and (LOSR) exert a positive and statistically significant effect on the expansion of sanitation service coverage. These findings underscore the relevance of the good governance framework in the context of public financial management at the local level. The study concludes that strengthening fiscal integrity, enhancing financial transparency, and promoting fiscal autonomy are key strategies to accelerate equitable and sustainable access to sanitation services. Furthermore, the results suggest that improvements in local institutional quality and capacity can play a vital role in advancing inclusive development. Future research is recommended to incorporate additional indicators under SDG Target 1.4.1, such as access to safe drinking water, adequate housing, and productive assets, to generate a more comprehensive understanding of local development dynamics.