Purpose: The purpose of this study is to examine the effect of annual report complexity on market reactions. Method: The sample consists of 587 annual reports from companies listed on the Indonesia Stock Exchange (IDX) in 2023. The complexity scores, which become the independent variable, were assessed from Management Discussion and Analysis section using pre-trained ChatGPT-4. For the dependent variable, we used the market model to identify abnormal returns. Finally, regression was performed to investigate the impact of complexity on the abnormal returns. Findings: We found that the complexity has a positive impact on the abnormal returns. This indicates that more complex annual reports are associated with an increase in abnormal returns, and managers utilized strategic narratives and complex report structures to shape positive perceptions of the company. Originality/Value: To the researchers' knowledge, no previous research has explored the utility of artificial intelligence (AI) tools like ChatGPT in conducting textual analysis of annual reports of in Indonesia. The findings also demonstrate how AI-based tools can enhance capital market text analytics and support financial disclosure analysis in emerging markets.
Purpose: This study aims to test and analyze the effect of company size, company age, environmental performance and women on the board of directors on the disclosure of carbon emissions in energy sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period.Method: The data analysis method used, namely multiple linear regression analysis. The sampling technique in this study used purposive sampling technique and obtained a sample of 60 companies, so that the number of observations was 180 observations.Findings: The results of this study indicate that company size and environmental performance affect the disclosure of carbon emissions. While the age of the company and women in the board of directors have no effect on the disclosure of carbon emissions.Originality/Value: The results of this research will most likely help companies develop their understanding of environmental issues, especially in disclosing carbon emissions These findings can assist companies in developing carbon emission management strategies by considering factors such as company size and environmental performance. In addition, the results of this study may increase corporate awareness of the importance of corporate sustainability in business practices.
Purpose: Given that Islamic corporate governance serves as a moderating variable, this study aims to examine the impact of the hexagon theory on fraudulent financial statements.Method: This study employed a quantitative methodology and garnered secondary data on Islamic commercial banks in Southeast Asia. Purposive sampling was carried out to collect data from 18 companies during five years (2017–2022), yielding 90 observations. The data analysis method employed Warp-PLS software version 8.0 and partial least square structural equation modeling (PLS-SEM).Findings: Study results demonstrate that financial stability significantly worsens the performance of fraudulent financial statements. Related party transactions, external auditors, director changes, C.E.O. education, company existence, and political connections did not affect governance, moderate the significant positive influence of financial stability, related party transactions, company existence, and political connections on fraudulent financial statements. Meanwhile, good oversight, external auditors, director changes, and C.E.O. education did not moderate the impact of misleading financial statements.Originality/Value: This research contributites significantly to the Islamic banking management. The Islamic corporate governance mechanism forms the process and structure of the entity’s supervisory, monitoring and advisory functions. The presentation of financial statements is carried out in an accountable and transparent manner based on Sharia principles, which can reduce the practice of financial statement fraud, so stakeholders will be more confident in investing.
Purpose: The objective of this study is to investigate how Korean dramas portray stereotypical images of accountants, which is expected to provide literature that explores popular culture in accounting research.Method: This research used a qualitative approach with the thematic analysis method. Four Korean dramas were selected based on ratings and the role of the accountant profession in the dramas for both main and supporting characters. Findings: The results of the study showed that accountants are described as professional, intelligent, and honest beancounters. Positive and negative stereotypes in Korean dramas as popular culture might influence the career option of becoming accountants. This research has been unable to explain why there has been declining interest in the accountant profession. Future studies could involve examining the effect of accountant stereotypes as portrayed in Korean dramas on their viewers.Originality/Value: The visualization of accountants in Korean dramas is considered a new and interesting topic to be investigated. Some previous studies had involved this topic, and there is still some room for improvement. This study is expected to improve some areas, particularly the methods and findings of related topics.
Purpose: This research is aimed at giving empirical evidence related to the correlation of ownership and corporate tax avoidance as well as describing the moderating effect of audit quality.Method: The sample comprises 315 observations from manufacturing companies listed on the IDX (Indonesia Stock Exchange) during the period of 2015-2019. For data analysis, panel data regression techniques were employed to ascertain the effect of ownership on tax avoidance moderated by audit quality.Findings: The results indicated that institutional, family, and foreign ownership were positively related to corporate tax avoidance. Nevertheless, the effect of audit quality was found to moderate the correlation of family and foreign ownership to tax avoidance. Originality/Value: This research contributed fresh evidence that elevated external audit quality held a moderating effect on tax avoidance in family-owned companies and those under foreign ownership.
Purpose: The purpose of this study is to investigate the impact of emerging technologies on the skills required for accountants in the digital era, particularly focusing on the skills needed by Gen Z fresh graduates. Method: The present study builds on a systematic literature review of 41 academic articles published in Scopus Database between 2017 and 2024. It is based on the “preferred reporting items for systematic reviews and meta-analyses” (PRISMA) method. Synthesising research through a transparent, rigorous and replicable process makes it possible to explore and identify accountant skill in digital era. Findings: The findings highlighted the need for accountants to possess digital literacy skills, data analytics skills, and the ability to work collaboratively with professionals from other fields. The study also emphasized the importance of continuous professional development to keep pace with the rapid technological advancements in accounting. Originality/Value: This paper offers a comprehensive literature review on impact of emerging technologies on the skills required for accountants in the digital era, particularly focusing on the skills needed by Gen Z fresh graduates. It could provide a insight and guidance for accounting fresh graduate to possess digital literacy skills, data analytics skills, and soft skills to adapt to technological changes and meet the needs of the dynamic accounting industry.
Purpose: The objective of this research is to analyze CSR photos in annual reports of the cigarette industry in Indonesia based on the semiotic perspective of Barthes. Method: The visual content analysis approach was used to analyze 374 photos of CSR activities from the three largest cigarette companies in Indonesia. Findings: The usage of photos of CSR activities in the annual reports from the cigarette industry has increased from year to year. The economic and social categories were more disclosed in CSR photos, while the environmental category was relatively less disclosed. The denotative meaning of the photos is as images of company philanthropy and responsibility. The connotative meaning of the photos is to improve the image and blur out the negative impact of the cigarette industry. Originality/Value: The research on visualizing CSR activities in the cigarette industry through the Barthes theory viewpoint is the first of its kind.
Purpose: This study aims to explain the effect of investment policy, funding policy, and asset management on firm value. The theory used to explain the relationship between variables in the research model is agency theory. Method: Data was collected from 65 samples of mining sector companies listed on the Indonesia Stock Exchange between 2015 and 2019. Using panel data, this study used panel regression analysis to explain the relationship between variables. Findings: The test results indicate that investment policy and funding policy do not affect firm value. Asset management has a significant positive effect. The effect of asset management on firm value also confirms agency theory. Originality/Value This study used a research sample of mining sector companies for the 2015-2019 period which faced pressure in the form of falling demand for Indonesian mining commodities in the world market and issues of environmental damage. The financial condition of the mining sector in the research period generally experienced financial difficulties due to these pressures.
Purpose: This study investigates the determinants of financial statement fraud from the perspectives of fraud pentagon theory. It is important to study the issue within the context of state-owned companies (BUMN) as stakeholders pay a lot of attention on the companies. Method: This research is quantitative one, with a logistic regression analysis of the 16 BUMN's financial statements listed on the Indonesian Stock Exchanges for the period of five years (2018-2022). The F-Score model is adopted to measure the indications of fraudulent statement of the companies. Findings: The findings show that the five components of fraud pentagon theory do not fully determine the the indication of fraudulent financial statements of the companies. Only financial targets (FT) and CEO duality (CEOD) show significant values with negative relationship. This implies that on the context of BUMN, the five components of fraud pentagon theory do not play important roles in triggering fraudulent financial statements. Originality/Value: This paper stands out for being one of the few studies analyzing the arrogance component of fraud Pentagon theory using CEO duality. Most of previous studies on Pentagon fraud utilize CEO photographs to represent arrogance and result in inconsistent findings. Thus this paper extends current studies on the importance of using CEO duality as a proxy of arrogance.
Purpose: Theory of Behavioral Finance assumes that there are various things inherent in humans such as emotions, interests, and traits that make them unable to make rational decisions. This study aims to analyze and find out what kind of impact heuristic behavior, risk perception, and herding bias have on investment decision making by young investors. Method: This research is a quantitative study with students at the Faculty of Economics and Business, Lambung Mangkurat University who are or have invested on the Indonesia Stock Exchange as the sample of this study. The research data comes from primary data processed using multiple linear regression analysis. Findings: The findings of this study successfully prove that there is an influence of heuristic behavior, risk perception, and herding bias on investment decisions by young investors. Originality/Value: This study uses students of the Faculty of Economics and Business, Lambung Mangkurat University as a research sample who belong to generation Z with a tendency to have higher emotions and egos, making it difficult to make investment decisions.
Purpose: Individual behavior is a representation of what is believed. Likewise, an accountant intends to commit financial statement fraud. Related to predicting individual behavior to do or not to do something action can use the Theory of planned behavior (TPB). This research examines three main variables in TPB, attitude, subjective norms, and perceived behavioural control on academic and non-academic accountants' fraud intentions through the Theory of Planned Behavior (TPB) variables. Method: This research is quantitative, with primary data obtained from questionnaires sourced from respondents. Respondents were academic and non-academic accountants. The research sample was selected using a purposive sampling method with specific criteria. The partial least squares (PLS) method was used to analyze the data. Findings: The findings suggest that attitudes and subjective norms significantly positively affect the intention to commit financial statements fraud in academic and non-academic accountants, while perceived behavioural control does not significantly affect the intention to commit fraud in financial reporting. Originality/Value : Research that examines the intentions of academic accountants and non-academic accountants in committing financial statement fraud and studied using the theory of planned behavior is the first to be conducted.
This study aimed to examine the Effect of Shariah Compliance on Fraud in Islamic Banks. The independent variable of this study is shariah compliance proxied by Islamic Income Ratio (IsIR), Zakat Performance Ratio (ZPR), and Islamic Investment Ratio (IsIVR). In comparison, the control variables used Islamic Corporate Governance (ICG) and Profit Sharing Ratio (PSR). The dependent variable used is Fraud in Islamic Banks. The sample in this study used a purposive sampling technique, namely 7 Islamic Banks with 42 observations. The observation period was from 2016-2021 and the data analysis method used the data regression panel which was processed using E-views 9 software. Based on the test results, it was shown that the Zakat Performance Ratio (ZPR) effect Fraud Islamic Banks, while Islamic Income Ratio (IsIR) and Islamic Investment Ratio (IsIVR) do not affect Fraud Islamic Banks.AbstrakPenelitian ini bertujuan untuk menguji Pengaruh Sharia Compliance terhadap Fraud pada Bank Syariah. Variabel independen penelitian ini adalah Sharia Compliance yang diproksikan dengan Islamic Income Ratio (IsIR), Zakat Performance Ratio (ZPR) dan Islamic Investment Ratio (IsIVR). Sedangkan variabel kontrol menggunakan Islamic Corporate Governance (ICG) dan Profit Sharing Ratio (PSR). Variabel dependen yang digunakan adalah Fraud pada Bank Syariah. Sampel dalam penelitian ini menggunakan teknik purposive sampling yaitu 7 Bank Syariah dengan jumlah observasi sebanyak 42 data. Periode penelitian ini dari tahun 2016-2021 dan metode analisis data menggunakan panel regresi data yang diolah menggunakan software E-views 9. Berdasar dari hasil pengujian diketahui bahwa Zakat Performance Ratio (ZPR) berpengaruh terhadap Fraud Bank Syariah, sedangkan Islamic Income Ratio (IsIR) dan Islamic Investment Ratio (IsIVR) tidak berpengaruh terhadap Fraud Bank Syariah.
Abstract This study aims to determine the effect of fraudulent financial reporting of BUMN on abnormal returns. This study is important because most of the research examining these events has been conducted in developed markets. This study uses an event study approach with a window period of five days before and five days after the incident. By using the purposive sampling method, five BUMN companies that were reported to have committed the fraudulent in 2019 was selected in this study. The result shows that the incident of fraudulent financial report announcements does not significantly affect abnormal returns. This finding shows that the investors reaction the fraudulent news be not significant. This concludes that the news of fraudulent BUMN companies is not strong enough to influence investment decisions in the capital market. The results of this study are useful for investors in considering investment decisions in state-owned companies because they have fundamentally strong capital, so investors feel safe to invest. The results of this study contribute to the literature by adding new insights about fraud announcement events in BUMN. The results of this study also support the signal theory concept because investors respond to the second and third events as bad signalsAbstrak Penelitian ini bertujuan untuk mengetahui pengaruh peristiwa pengumuman kecurangan BUMN terhadap abnormal return. Penelitian inipenting untuk dilakukan karena sebagian besar penelitian yang mengkaji peristiwa tersebut dilakukan di pasar negara maju. Penelitian ini menggunakan pendekatan event study dengan periode jendela lima hari sebelum dan lima hari setelah peristiwa. Dengan menggunakan metode purposive sampling, lima perusahaan BUMN yang diberitakan melakukan kecurangan pada tahun 2019 menjadi sampel dalam penelitian ini. Hasilnya menunjukkan bahwa peristiwa pengumuman kecurangan tidak berpengaruh secara signifikan terhadap abnormal return. Temuan ini menunjukkan bahwa reaksi investor atas berita kecurangan tidak signifikan. Artinya berita kecurangan perusahaan BUMN tidak cukup kuat untuk memengaruhi keputusan investasi di pasar modal. Hasil penelitian ini bermanfaat bagi investor dalam mempertimbangkan keputusan investasi di perusahaan BUMN karena memiliki modal yang kuat secara fundamental, sehingga investor merasa aman untuk beinvestasi. Hasil penelitian ini berkontibusi pada literatur dengan menambah wawasan baru tentang peristiwa pengumuman kecurangan di BUMN. Hasil penelitian ini juga mendukung konsep teori sinyal karena investor merespons peristiwa kedua dan ketiga sebagai sinyal buruk
Abstract This study aims to analyze the role of the Audit Board of Indonesia (BPK) in reducing and preventing corruption in the local government. The focus of the research discussion is the case of corruption that occurred in the 2016-2018 period. The data came from the regional government of East Java Province, which consists of 9 cities and 29 regencies, based on the number of corruption cases and BPK audit results in each area. The independent variable used was the results of the BPK audit on the Regional Government of East Java Province, which consisted of audit findings and audit opinions. The dependent variable was the level of corruption in the East Java regional government handled by the Attorney General's Office. This study used a panel data regression analysis model. The results of the study showed that audit opinions and BPK audit findings had no significant effect on the level of corruption cases in the regional government of East Java Province.AbstrakPenelitian ini bertujuan untuk menganalisis peran BPK dalam mengurangi dan mencegah terjadinya korupsi pada pemerintah daerah. Fokus pembahasan penelitian adalah kasus korupsi yang terjadi pada periode tahun 2016-2018. Data berasal pemerintah daerah Provinsi Jawa Timur yang terdiri dari 9 kota dan 29 kabupaten, berdasarkan jumlah kasus korupsi dan hasil audit BPK pada setiap masing-masing daerah. Variabel independen yang digunakan adalah laporan hasil audit BPK pada Pemerintah Daerah Provinsi Jawa Timur yang terdiri dari temuan audit dan opini audit. Variabel dependen adalah jumlah korupsi pemerintah daerah Jawa Timur yang ditangani oleh Kejaksaan. Penelitian menggunakan model analisis regresi data panel. Hasil penelitian menunjukkan bahwa opini audit dan temuan audit tidak berpengaruh signifikan terhadap tingkat kasus korupsi di pemerintah daerah Provinsi Jawa Timur.
AbstractThis research aims to investigate the effect of Carbon Disclosure (CD) on SDGs Performance and explore the moderating role of Green innovation. The research data was taken from 220 public Mining and Energy companies in Indonesia during the 2017-2021 period. Data processing was carried out using the pooled least squares (PLS) model approach. The results of the study show that Carbon Disclosure (CD) and Green Innovation (GI) can significantly improve SDGs performance. The result of Green Innovation has been shown to significantly strengthen the positive effect of Carbon Disclosure (CD) on SDGs Performance.The implications of this research contribute to the literature related to signaling theory and RBV that the role of CD practices and GI play an important role in sustainability performance (SDGs). Then, companies must actively participate and continue to develop environmental care practices, incorporating issues into the formulation of company strategy through improving environmental performance such as implementing CD practices.Abstrak Penelitian ini bertujuan untuk mengetahui pengaruh Carbon Disclosure (CD) terhadap Kinerja SDGs dan mengeksplorasi peran moderasi dari green innovation. Data penelitian diambil dari 220 perusahaan publik Energi dan Pertambangan di Indonesia selama periode 2017-2021. Data penelitian ini diolah dengan menggunakan pendekatan model Pooled Least Square (PLS). Hasil penelitian menunjukkan bahwa Carbon Disclosure (CD) dan Green Innovation (GI) dapat meningkatkan kinerja SDGs secara signifikan. Kehadiran Green Innovation terbukti secara signifikan memperkuat pengaruh positif Carbon Disclosure (CD) terhadap Kinerja SDGs. Implikasi penelitian ini berkontribusi pada literatur terkait signaling theory dan RBV bahwa peran praktik CD dan GI memegang peranan penting dalam meningkatkan kinerja keberlanjutan (SDGs). Kemudian, perusahaan harus berpartisipasi aktif dan terus mengembangkan praktik peduli lingkungan, memasukkan isu-isu ke dalam perumusan strategi perusahaan melalui peningkatan kinerja lingkungan seperti penerapan praktik CD.
Indonesia, which occupies the fourth position for the largest population in the world, has high hopes for the results of tax contributions. However, the self-assessment system implemented by the government opens the opportunity doors for individuals to commit fraud. Efforts to minimize the tax burden of corporate taxpayers by taking advantage of regulatory loopholes are known as tax avoidance efforts. The purpose of this study is to find out the impact given by gender diversity, the proportion of independent commissioners, managerial abilities, and firm size on tax avoidance in primary consumer goods sector companies for the 2015-2021 period. This research method is a quantitative method using panel data regression analysis. In this study, all samples were obtained by purposive sampling technique. Through this technique, 70 observational data were obtained from 10 samples of companies. This study obtained the results that there is a simultaneous influence of gender diversity, the proportion of independent commissioners, managerial abilities, and firm size on tax avoidance. Meanwhile, partially managerial ability and firm size variables have a positive effect on tax avoidance, while gender diversity and the proportion of independent commissioners do not affect tax avoidance.AbstrakIndonesia yang menduduki posisi keempat untuk jumlah penduduk terbesar di dunia memiliki harapan yang besar pada hasil iuran pajak. Namun dengan self-assessment system yang diterapkan oleh pemerintah membuka pintu peluang bagi para oknum untuk melakukan kecurangan. Upaya dalam mengurangi beban pajak badan oleh wajib pajak dengan memanfaatkan celah regulasi dikenal dengan upaya tax avoidance. Tujuan dari penelitian ini ialah untuk mengetahui dampak yang diberikan oleh diversitas gender, proporsi dewan komisaris independen, kemampuan manajerial, dan ukuran perusahaan terhadap terjadinya upaya penghindaran pajak (tax avoidance) pada perusahaan sektor barang konsumen primer periode 2015-2021. Metode penelitian ini ialah metode kuantitatif menggunakan analisis regresi data panel. Pada penelitian ini seluruh sampel diperoleh dengan teknik purposive sampling. Melalui teknik tersebut maka diperoleh 70 data observasi yang berasal dari 10 sampel perusahaan. Penelitian ini memperoleh hasil bahwa terdapat pengaruh secara simultan dari diversitas gender, proporsi dewan komisaris independen, kemampuan manajerial, dan ukuran perusahaan atas terjadinya upaya tax avoidance. Sementara itu secara parsial, variabel kemampuan manajerial dan ukuran perusahaan berpengaruh positif pada tax avoidance sedangkan variabel diversitas gender dan proporsi dewan komisaris independen tidak memiliki dampak pada adanya upaya tax avoidance.
AbstractThis article intends to review the theoretical aspects and current research on agency theory. It aims to explore the main ideas, problems, and issues related to agency theory through a survey of the current literature. Agency theory is caused by agency relationships and information asymmetry which causes agency problems and agency costs. This article not only categorizes agency problems into six categories representing various concepts and problems but also solutions offered related to agency theory research over the last five years. This literature survey will enlighten practitioners and researchers in understanding, analyzing, mitigating agency problems, and guiding future research on agency theory.AbstrakArtikel ini bermaksud untuk meninjau aspek teoretis dan riset terkini tentang teori keagenan. Hal ini bertujuan untuk mengeksplorasi ide-ide utama, masalah, dan isu-isu yang terkait dengan teori keagenan melalui survei literatur saat ini. Teori keagenan disebabkan oleh hubungan keagenan dan asimetri informasi yang menyebabkan masalah keagenan dan biaya keagenan. Artikel ini tidak hanya mengkategorikan masalah keagenan ke dalam enam kategori yang mewakili berbagai konsep dan masalah tetapi juga menawarkan solusi terkait dengan riset teori keagenan selama lima tahun terakhir. Survei literatur ini akan mencerahkan praktisi dan peneliti dalam memahami, menganalisis, mengurangi masalah keagenan, dan membantu memandu riset selanjutnya tentang teori keagenan.
Abstract The objective of this study is to examine the double and triple entry bookkeeping related to blockchain technology bookkeeping. The data we obtained for 30 articles from the database we searched for were provided by major publishers (Elsevier (www.sciencedirect.com), Emerald (www.emeraldinsight.com), Springer (www.springerlink.com), and Wiley (www. wiley.com)) and by service libraries (Complete Business Resources and Web of Science). We show the thoughts of philosopher Foucault regarding the power of knowledge, which will be associated with the phenomenon of the triple-entry and double-entry bookkeeping system paradigms. In addition, we document the blockchain technology has changed the paradigms of both bookkeeping systems. The novelty in this article is the implementation of the philosopher Foucault's thought in the paradigm of the triple-entry and double-entry bookkeeping systems. Our study contributes to expanding the existing literature by providing some arguments and findings regarding the blockchain bookkeeping systems and the future research agenda. Abstrak Tujuan dari penelitian ini adalah untuk mengkaji pembukuan double dan triple-entry yang terkait dengan pembukuan teknologi blockchain. Data yang kami peroleh adalah 30 artikel dari database penerbit besar (Elsevier (www.sciencedirect.com), Emerald (www.emeraldinsight.com), Springer (www.springerlink.com), dan Wiley (www.wiley.com)) dan dari perpustakaan layanan (Sumber Daya Bisnis Lengkap dan Web of Science). Kami tunjukkan pemikiran filsuf Foucault mengenai kekuatan pengetahuan, yang akan dikaitkan dengan fenomena paradigma sistem pembukuan triple-entry dan double-entry. Selain itu, kami mendokumentasikan teknologi blockchain telah mengubah paradigma kedua sistem pembukuan tersebut. Kebaruan dalam artikel ini adalah implementasi pemikiran filsuf Foucault dalam paradigma sistem pembukuan triple-entry dan double-entry. Studi kami berkontribusi untuk memperluas literatur yang ada dengan memberikan beberapa argumen dan temuan mengenai sistem pembukuan blockchain dan agenda penelitian di masa depan.
AbstractThis study aims to examine the effect of local government characteristics on district/city Regional Government Financial Statements (LKPD) disclosures. Examination of the Characteristics of the Local Government will provide a better understanding of the disclosure of district/city Regional Government Financial Statements (LKPD). This study's independent variable consists of own-source revenue, level of dependence, total asset, capital expenditures, total population, and employee spending findings. The dependent variable is LGFR disclosure. The samples in this study are local governments with a 5-year observation period from 2016-2020. The examples were selected using the purposive sampling technique and acquired 175 pieces, which the district/city government compiled in Central Java Province and through the BPK examination process. The analytical method in this study is multiple regression analysis. The research results show that the level of dependence, total assets, capital expenditures, total population, and employee spending significantly affect the LGFR disclosure. At the same time, own-source revenue has no significant effect on the LGFR disclosure. The findings on the PAD variable align with the fact that PAD information is optional to be the focus of reporting in LKPD.AbstrakPenelitian ini bertujuan untuk menguji pengaruh karakteristik pemerintah daerah terhadap pengungkapan Laporan Keuangan Pemerintah Daerah (LKPD). Pengujian atas karakteristik Pemerintah Daerah akan memberikan pemahaman yang lebih baik atas pengungkapan Laporan Keuangan Pemerintah Daerah. Variabel independen dalam penelitian ini terdiri dari sumber kekayaan asli daerah (PAD), ketergantungan daerah, total aset, belanja modal, jumlah penduduk, dan belanja pegawai. Untuk variabel dependen yaitu pengungkapan LKPD. Penelitian ini menggunakan sampel pemerintah daerah kabupaten/kota dengan periode pengamatan tahun 2016-2020. Sampel dipilih menggunakan teknik purposive sampling dan diperoleh data sebanyak 175 sampel yang disusun pemerintah daerah kabupaten/kota di Provinsi Jawa Tengah serta sudah melalui proses pemeriksaan BPK. Metode analisis pada penelitian ini adalah analisis regresi berganda. Hasil penelitian menunjukkan bahwa total aset berpengaruh secara signifikan dan positif terhadap pengungkapan LKPD. Ketergantungan daerah, total aset, belanja modal, jumlah penduduk, dan belanja pegawai berpengaruh terhadap pengungkapan LKPD. Sedangkan, sumber kekayaan asli daerah (PAD) tidak berpengaruh signifikan terhadap pengungkapan LKPD. Hasil temuan atas variabel PAD ini sejalan dengan bahwa informasi PAD tidak menjadi fokus pelaporan dalam LKPD.
Abstract Biological assets are growing assets owned by a company and can provide economic benefits in the future. In Indonesia, biological assets are recorded and recognized based on PSAK 69. The PSAK 69 requires the use of the fair value method to measure biological assets that were previously measured using the historical cost method. This study aims to determine the impact of PSAK 69 implementation on financial performance. This study also investigates the effect of environmental reporting on financial performance. The agricultural listed company on the Indonesia Stock Exchange was chosen as the sample in this quantitative study. The data was obtained from the financial reports from 2015 to 2020. The environmental reporting data was measured by a PROPER rating. The data was then analysed using panel data regression. The findings of this study indicated that the implementation of PSAK 69 did affect the financial performance. The environmental reporting using the PROPER rating however did not affect the financial performance. The result of this study can be used as a basis for decision making for management to improve the company’s financial performance and environmental reporting. Abstrak Aset biologis adalah aset bertumbuh yang dimiliki oleh perusahaan dan dapat memberikan manfaat ekonomi di masa mendatang. Di Indonesia, aset biologis dicatat dan diakui berdasarkan PSAK 69 mulai tahun 2018. PSAK 69 meminta aset biologis diukur dengan metode fair value, yang sebelumnya diukur dengan historical cost. Penelitian ini bertujuan untuk mengetahui dampak penerapan PSAK 69 tentang aset biologis terhadap kinerja keuangan. Selain itu, penelitian ini juga ingin mengetahui dampak pelaporan lingkungan pada kinerja keuangan. Penelitian ini merupakan penelitian kuantitatif dengan perusahaan sektor agrikultur yang terdaftar pada Bursa Efek Indonesia sebagai sampelnya. Data penelitian bersumber dari laporan keuangan perusahaan tahun 2015-2020. Data tentang pelaporan lingkungan diambil dari peringkat PROPER. Data diolah dengan menggunakan analisis regresi data panel. Hasil dari penelitian ini menunjukkan bahwa perubahan pengukuran pada aset biologis berpengaruh pada kinerja keuangan perusahaan. Pelaporan lingkungan menggunakan peringkat PROPER tidak berpengaruh terhadap kinerja keuangan perusahaan. Penelitian ini dapat dijadikan dasar pengambilan keputusan bagi manajemen untuk meningkatkan kinerja keuangan perusahaan serta meningkatkan pelaporan lingkungan.
