Akurasi : Jurnal Studi Akuntansi dan Keuangan

THE EFFECT OF THE BOARD OF DIRECTORS ON FIRM PERFORMANCE: THE MODERATING ROLE OF FAMILY OWNERSHIP

Mas Tifanny Virdausy Salhami, Armadani Armadani — Wed, 25 Dec 2024 23:19:03 +0000

This study aims to empirically test the influence of the board of directors on company performance with family ownership as a moderating variable. The sampling method used in this research was purposive sampling of manufacturing companies listed on the Indonesia Stock Exchange during the 2018-2022 period, resulting in 721 observations as a sample. The analysis technique applied to test the hypothesis is moderated regression analysis (MRA). This study empirically shows that female directors and larger boards will improve firm performance. However, family ownership reduces the positive impact of female directors on firm performance. Finally, family ownership does not strengthen the influence of board size on firm performance. This research provides an interesting view regarding the moderating role of family ownership on the effect of the board of directors on firm performance, which is analyzed comprehensively using two measurement proxies.

THE IMPLICATIONS OF SUSTAINABILITY & CLIMATE-RELATED REPORTING, ESG RISK, AND GREEN ACCOUNTING IN ACHIEVING SUSTAINABLE GROWTH

Siti Nur Annisa, Ayunita Ajengtiyas Saputri Mashuri — Wed, 25 Dec 2024 23:19:32 +0000

The issue of extreme increases in climate change is currently searching for who should be held responsible for the resulting losses. The world is asking for corporate accountability, which is considered a contributor to this increase in climate change. This study was conducted to determine how much influence the company has in reporting and managing its environmental, social and governance aspects seen from sustainability reporting, climate change reporting, unmanaged ESG risk, and green accounting on sustainable growth in companies listed on the Indonesia Stock Exchange in 2022. This study uses secondary data obtained from sustainability reports and financial reports of each company. The number of samples used was 79 companies represented by each sector based on the IDX Industrial Classification for the period 2022. The sampling technique used was non-purposive sampling with multiple linear regression analysis methods. The results showed that (1) Sustainability Reporting has no significant effect on Sustainable Growth, (2) Climate Change Reporting has no significant effect on Sustainable Growth, (3) Unmanaged ESG Risk has a significant positive effect on Sustainable Growth, and (4) Green Accounting has a significant negative effect on Sustainable Growth.

APAKAH KUALITAS AUDIT MEMODERASI PENGARUH FIRM SIZE DAN COMPANY GROWTH PADA INCOME SMOOTHING?

Imam Arifin, Bambang Wicaksono, Oktavima Wisdaningrum — Wed, 25 Dec 2024 23:19:54 +0000

This study aims to analyze the influence of firm size and company growth on income smoothing and the moderating role of audit quality. The population of this study is companies listed on the Jakarta Islamic Index for the period 2020-2022. The analysis was conducted on 36 samples determined based on purposive sampling and analyzed using multiple linear regression and moderated regression analysis (MRA). The study results indicate that company growth has a negative effect on income smoothing, while firm size does not have a significant effect on income smoothing. Other research findings indicate that audit quality does not moderate the effect of firm size or company growth on income smoothing. These results imply that managers need to pay attention to corporate growth to minimize income smoothing, and investors and creditors can consider corporate growth in making investment and credit decisions.

ANALISIS REAKSI PASAR TERHADAP PENGUMUMAN BISNIS INDONESIA CORPORATE SOCIAL RESPONSIBILITY AWARD (BISRA) DAN DAMPAKNYA PADA ABNORMAL RETURN ANTAR SEKTOR INDUSTRI

Susilo Budi Darmawan, Lisa Martiah Nila Puspita — Wed, 25 Dec 2024 23:26:50 +0000

This research is motivated by the lack of clarity in the literature regarding the influence of CSR awards (BISRA) on abnormal returns, especially in various industrial sectors. This study aims to evaluate the impact of the BISRA award announcement on the abnormal returns of companies listed on the Indonesia Stock Exchange (IDX) in 2021-2023. An event study approach was used with a sample of 33 companies from 84 BISRA award recipients, selected based on inclusion and exclusion criteria. The Wilcoxon Signed Rank Test and One Sample T-Test were conducted to test changes in abnormal returns before and after the BISRA announcement. The results showed that on most days during the BISRA announcement, there was no significant return, and the impact of the BISRA award announcement on abnormal returns as a whole did not show significant differences in each award recipient industry sector. The implications of this study suggest that factors such as industry sector and market perception play a role in influencing market reactions to CSR awards.

MEDIASI KOMITMEN KEBERLANJUTAN DALAM PENGARUH REPUTASI DAN BUDAYA PERUSAHAAN TERHADAP KUALITAS LAPORAN KEBERLANJUTAN

Olivia Maharani Ardhia, Umi Muawanah, Djuni Farhan — Wed, 25 Dec 2024 23:31:13 +0000

This study aims to analyze and provide empirical evidence regarding the role of sustainability commitment in mediating the influence of corporate reputation and culture on the quality of sustainability reports. This research is quantitative based, and the data is taken from companies listed on the Indonesia Stock Exchange on the IDX30 index from 2020 to 2023. The sample was determined using purposive sampling, and 54 samples were obtained, which were analyzed using PLS-SEM. The results show that sustainability commitment can fully mediate the relationship between reputation and the quality of sustainability reports. Meanwhile, sustainability commitment partially mediates the relationship between culture and the quality of sustainability reports. These results provide implications that the existence of a sustainability commitment can help a company's reputation support the quality of sustainability reports and encourage a corporate culture that can maximize the quality of sustainability reports.

IMPLEMENTATION OF ACCOUNTING STANDARDS FROM THE PERSPECTIVE OF MICRO, SMALL AND MEDIUM ENTERPRISES

Hidayati Nasrah, Ikhwani Ratna — Wed, 25 Dec 2024 23:39:33 +0000

This study explores the implementation of the Financial Accounting Standard of Micro, Small, and Medium Enterprises (FAS MSMEs), focusing on gaps in the financial reporting of MSMEs and the challenges faced by MSMEs. Qualitative descriptive methods analyze reporting habits, constraints, and understanding of MSME actors towards FAS MSME. The results show that many MSME actors have not adopted this standard due to limited knowledge, human resources, and awareness of the importance of accurate reporting. These conditions hinder financial transparency and access to formal financial services. This study suggests interventions such as training programs to improve financial reporting capacity and emphasizing the importance of MSME actors' awareness of accounting practices and professional support for compliance.

PENGARUH DETERMINAN FRAUD HEXAGON THEORY DALAM MENDETEKSI FRAUDULENT FINANCIAL STATEMENT

Hana Pradipta Puspitasari, Puji Harto — Wed, 25 Dec 2024 23:44:51 +0000

Financial statement fraud is a problem that often occurs and causes many losses. Although the proportion is lower than that of corruption and misuse of assets, the impact of the losses caused is the greatest. This study uses the F-Score model measurement to examine the effect of the determinants of fraud hexagon theory in detecting fraudulent financial statements. Tests were conducted on the Jakarta Islamic Index (JII) for the 2018-2022 period, with a sample of 55 selected through purposive sampling. Data analysis using multiple linear regression analysis. The results showed that changes in auditors significantly negatively affect fraudulent financial statements. In contrast, financial stability, ineffective monitoring, change in director, frequent number of CEO's pictures, and government projects do not affect fraudulent financial statements. The results of this study provide implications for users of financial statements in identifying the factors that cause fraud so that they can prepare effective strategies to detect and prevent fraud.

PENGARUH SPIP DAN TRANSPARANSI TERHADAP AKUNTABILITAS KINERJA PEMERINTAH DAERAH: APAKAH CHANGE MANAGEMENT DAN PERGANTIAN KEPEMIMPINAN MAMPU MEMODERASI?

Selly Puspita Sari, Fauzan Fuadi — Wed, 25 Dec 2024 23:57:24 +0000

Local government performance accountability to stakeholders through performance accountability is still weak due to a lack of commitment and unsynchronised regulations. This study examined the effect of the Government's Internal Control System (SPIP) and transparency on local government performance accountability with change management and leadership turnover as moderators. This study used 65 respondents of Pringsewu Regency government employees who prepared the Government Agency Performance Accountability System (SAKIP). The analysis was conducted using a structural model using the SEM-PLS method. The results of this study indicate that SPIP has a positive effect on performance accountability, and change management has been proven to strengthen its influence on performance accountability. In addition, leadership change strengthens the influence of transparency on local government performance accountability. The results of this study provide important insights for local governments in improving government performance accountability.

PENGUNGKAPAN EMISI KARBON UNTUK MENINGKATKAN NILAI PERUSAHAAN: APAKAH KINERJA KEUANGAN MAMPU MEMODERASI?

Thu, 26 Dec 2024 00:01:17 +0000

Company value is an important indicator that provides signals regarding principal prosperity. This research investigates the impact of carbon emission disclosure on company value, with financial performance as a moderator. The research sample was 84 SRI-KEHATI-indexed companies for the 2019-2022 period, which were analyzed using multiple linear regression with Moderated Regression Analysis (MRA). The study's results partially showed a significant positive effect of carbon emission disclosure on company value. As measured by ROA, financial performance could not moderate the effect of carbon emission disclosure on company value. This finding indicates that financial performance does not guarantee that the company has sufficient funds to disclose carbon emission costs. This study supports Signaling Theory regarding the important role of information disclosure in increasing company value.

PERAN PROFITABILITAS SEBAGAI PEMODERASI DETERMINAN FINANCIAL DISTRESS PERUSAHAAN PERTAMBANGAN

Ni Luh Putu Widhiastuti, I Gusti Agung Arista Pradnyani — Thu, 26 Dec 2024 00:05:59 +0000

This study aims to analyze the role of profitability during financial distress on the relationship between size, sales growth, leverage, liquidity, and operational capacity. With a purposive sampling approach, testing was conducted on 63 mining business companies on the IDX in 2020 and 2022. Data were analyzed using moderation data analysis (MRA). The study's results indicate that operational capacity and liquidity reduce financial distress. Leverage and company size have a detrimental impact on financial distress, but increased sales do not affect financial distress. Other research results show that profitability cannot control the relationship between leverage and liquidity during economic crises. Profitability is proven to moderate the relationship between operational capacity, sales growth, and company size during the financial crisis. This study implies that it is essential to recognize the possibility of financial distress early on to save the company from bankruptcy.

THE ROLE OF INDEPENDENT BOARD OF COMMISSIONERS: A STUDY OWNERSHIP ON ESG DISCLOSURE

Ari Susanto, Novita Novita; Imam Nurcahyo Fambudi — Thu, 26 Dec 2024 00:10:40 +0000

This study aims to examine the impact of stakeholder involvement, namely foreign and institutional ownership, on ESG disclosure and how the relationship is moderated by the independent board of commissioners. This study uses a sample of 108 manufacturing companies listed on the IDX during the 2019-2021 period. Data analysis was carried out using the Ordinary Least Square (OLS) method using a random effect model. The results showed that foreign ownership, institutional ownership, and independent boards of commissioners have a positive influence on ESG disclosure. In addition, an independent board of commissioners is proven to strengthen the effect of institutional ownership on ESG disclosure. In contrast, company size as a control variable has no impact on ESG disclosure. This study suggests companies in the manufacturing sub-sector increase ESG disclosure, which can be encouraged through the presence of foreign and institutional ownership.

DETERMINANTS OF FINANCIAL PERFORMANCE EVALUATION IN SMALL AND MEDIUM ENTERPRISES

Amir Hamzah, Teti Rahmawati, Chintia Fitriani, Yudi Febriansyah — Thu, 26 Dec 2024 00:16:53 +0000

This study analyzes factors influencing the financial performance of small and medium enterprises (SMEs), addressing the limited research that focuses on specific variables in the SME context. It examines the effects of mental accounting, financial record-keeping, financial literacy, financial management, and digital accounting on SME financial performance. Using Structural Equation Modeling (SEM), data from 216 SMEs in Kuningan Regency were analyzed. The findings reveal that financial record-keeping, financial literacy, and financial management significantly and positively impact SME financial performance. Conversely, In contrast, mental accounting has a significant negative impact, while digital accounting does not significantly affect financial performance. These results suggest that effective financial management practices can enhance financial performance, while improper use of mental accounting and ineffective implementation of digital accounting may hinder it. This research implies the need to improve financial literacy, adopt more effective financial management practices, and provide digital accounting training to help SMEs overcome financial challenges.

BALANCING RISK AND INCENTIVES: INTEGRATING MRG INTO FIXED PAYMENT MECHANISMS ON HOSPITAL PPP STRUCTURES

Anton Abdul Fatah, Roihans Muhammad Iqbal — Thu, 26 Dec 2024 00:27:44 +0000

The success of a Public-Private Partnership (PPP) project relies on the appropriate risk allocation from the government to the private sector. The government employs mechanisms such as Minimum Revenue Guarantees(MRGs) within PPP project schemes. Research on MRGs, however, remains very limited in the Indonesian context. Therefore, this conceptual study proposes the adoption of minimum revenue guarantees into fixed payment mechanisms in PPP projects within the hospital sector and explores how to integrate several principles of minimum revenue guarantees into a fixed payment structure. This conceptual study employs a literature review approach, examining various studies and existing implementations, and synthesizing them for adoption in the Indonesian context. The conceptual study finds that the principles of minimum revenue guarantees can be adapted to fixed payment schemes in PPP projects for the hospital sector, and private entities can optimize their revenue from certain services.

CASH WAQF LINK SUKUK COLLECTION: EXPLORING INTENTIONS, OBSTACLES, SOLUTIONS, AND STRATEGIES FOR INSTITUTIONAL WAQIFS

Erny Arianty, Syanni Yustiani, Rizqi Haniyah, Iqbal Balative — Thu, 26 Dec 2024 00:38:07 +0000

The low intensity of the waqf community means that waqf collection through Cash Waqf Linked Sukuk (CWLS) has not reached the expected potential. This causes many planned social programs to be delayed. This research aims to explore the intensity, problems, solutions, and strategies for collecting CWLS, as well as determining and ranking each cluster and its elements. The method used is a qualitative method with the Analytical Network Process (ANP) approach. Research informants from BWI, KNEKS, Sharia Bank, BPKH, Nazir, and the government. This research found four aspects that influence the decision to invest in CWLS and related problems. The knowledge aspect is most influenced by low understanding and literacy, the conformity aspect by complex and non-standard accounting treatment, the environmental aspect by ineffective CWLS management services, and the behavioral aspect by the negative views of fund owners. The highest influence for cluster solutions on intensity is the socialization element. The most important strategy chosen is the CSR leverage channel strategy in BUMN or government institutions for placement in CWLS.

UNVEILING THE FUTURE OF ARTIFICIAL INTELLIGENCE TECHNOLOGY: IS THE ACCOUNTANT GENERATION READY?

Elga Yulindisti, Ardimansyah Ardimansyah, Fiqih Yusril Mahendra, Rafles Ginting — Thu, 26 Dec 2024 00:42:57 +0000

The rapid development of Artificial Intelligence (AI) has significantly impacted the accounting sector, creating both opportunities and challenges for professionals and students. This study analyzes the readiness of accounting students and practitioners in Indonesia to adopt AI technologies, focusing on their Artificial Intelligence Technology Readiness (AITR). Using the Theory of Planned Behavior (TPB) framework, the study examines the influence of practitioner status, age, gender, technology skill level (TSL), and location on AITR. Data from 100 respondents (students and practitioners) were collected through surveys and analyzed using multiple linear regression with bootstrapping. The research found that students have higher AITR than practitioners, with TSL emerging as the most significant factor. Age, gender, and location show no significant effects. These findings highlight the need for curriculum reforms integrating AI-related skills and practical experiences to meet industry demands. This study provides valuable insights for educators and policymakers to enhance the competencies of future accountants in AI-driven workplaces.