Purpose: This study aims to assess the performance of Dechow F-Score and Benford’s Law methods in detecting indications of financial statement fraud in healthcare sector companies listed on the Indonesia Stock Exchange during 2020–2024. Methodology/Approach: This study uses a descriptive comparative approach. Secondary data were obtained from annual reports and audited financial statements of 34 healthcare companies. The sample was selected using purposive sampling, resulting in 20 companies with 100 observations. Data were analyzed using Microsoft Excel and SPSS 26 through descriptive statistics and McNemar Test. Findings: The Dechow F-Score indicates a relatively normal or low risk of material misstatement based on accrual-related financial indicators, and similarly, Benford's Law with Excess MAD generally shows conformity with the expected first-digit distribution. The McNemar Test reveals a statistically significant difference between the two methods in classifying fraud indications. Furthermore, Benford's Law shows a higher detection rate than the Dechow F-Score. Practical and Theoritical Contribution/Originality: This study contributes to fraud detection literature by demonstrating that both methods capture different fraud characteristics and can complement each other as early detection tools. Research Limitation: This study is limited to healthcare sector companies and only compares two fraud detection methods.
Purpose: This research seeks to explore the various factors that affect quality of central government's financial statements, with a specific emphasis on role of information systems, internal control maturity, and the professionalism of civil servants, while also examining the moderating role of civil servant professionalism. Methodology/approach: A quantitative causal-associative design was employed using secondary data from 81 Indonesian Ministries/Agencies. Data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA). Findings: The findings confirm all variables have a positive and significantly impact on financial report quality. Civil servant professionalism does not moderate correlation between utilization of information systems and financial report quality, but it negatively moderates correlation between internal control maturity and financial report quality. Practical and Theoritical contribution/Originality: Investing in civil servant professionalism is the most effective strategy for enhancing financial reporting quality, and that internal control approaches should be adapted to professionalism level. Research Limitation: This study has several limitation such as cross-sectional design cannot capture long-term causal relationships and the unit of analysis is K/L prior to the dissolution for the 2024 New Cabinet formation, now expanded to 98 K/L.
Purpose: This study analyzes the effect of tax avoidance and profitability on the cost of debt, with firm size as a moderator, in Indonesian healthcare and property firms 2020–2024. Methodology/approach: A quantitative PLS-SEM analysis is conducted using 245 firm-year observations from 49 firms. Findings: Tax avoidance increases the cost of debt, while profitability reduces it. Firm size amplifies both relationships, strengthening the penalty for tax avoidance and the reward for profitability. Leverage raises and operating cash flow lowers borrowing costs. Practical and Theoritical contribution/Originality: The originality lies in revealing firm size as an asymmetrical amplifier, challenging the view of size as a uniform risk buffer. This refines agency and signaling theories and provides practical guidance for managers and creditors in emerging markets. Research Limitation: The study is limited to two sectors in one emerging market, relies on a single tax avoidance proxy, spans a crisis period, and excludes macroeconomic and governance variables.
Purpose: This study examines how the field has developed, how its intellectual structure is organized, and how major themes such as corporate social responsibility, ESG disclosure, green innovation, sustainability reporting, and environmental performance have evolved. Methodology/approach: Using a Scopus-indexed corpus of 2,546 articles and applies performance analysis & science mapping through the bibliometrix workflow in R. Findings: The results indicate that publication output has increased substantially, particularly in the most recent decade, while citation patterns remain shaped by foundational studies in corporate social responsibility and financial performance. The conceptual structure shows a transition from broad responsibility-based themes toward more measurable, governance-oriented, and innovation-driven sustainability research. Corporate social responsibility and firm, whereas green innovation, environmental performance, and sustainable development represent more developed motor themes. Practical and Theoritical contribution/Originality: Integrating fragmented research streams and identifying future opportunities related to disclosure quality, assurance, materiality, greenwashing, and the mechanisms through which sustainability practices influence firm value. Research Limitation: It relies on Scopus-indexed documents only, depend on selected search terms, bibliometric results are affected by citation-related biases, and maps the structure of literature but doesn’t assess the methodological quality of individual empirical studies.
Purpose: The research introduces cynicism as a mediating construct linking work-family conflict (WFC), family-work conflict (FCW), and turnover intention among auditors in small audit firm. Methodology/approach: The study utilizes a quantitative survey design, targeting auditors working in small audit firms. Hypothesis testing is conducted using SEM-PLS. Findings: WFC and FWC are positively associated with turnover intention. WFC is also associated with higher levels of cynicism, which in turn increases turnover intention. Female auditors report higher levels of cynicism and turnover intention than male auditors, while auditor tenure has no significant effect on turnover intention. Practical and Theoretical contribution/Originality: This study contributes to the TPB by demonstrating that WFC and FWC operate through different psychological mechanisms and serve as boundary conditions in the application of the TPB. Practically, the findings suggest that audit firms should improve adequate workload allocation to reduce WFC and cynicism, and consider flexible working arrangements to address FWC and to reduce turnover intention. The auditor also considered developing resilience as a coping mechanism. Research Limitation: Inability to calculate a response rate. The generalizability of this study’s findings is limited by its focus on a specific geographical setting.
Purpose: Analyze the influence of investment decisions, financing decisions, dividend policies, company growth, and profitability on firm value in the consumer non-cyclicals sector listed on the Indonesia Stock Exchange for the 2021–2024 period. Methodology/approach: This study employed a quantitative approach processed through STATA 17 with multiple linear regression analysis techniques. Sampling was conducted using a purposive sampling method, resulting in 33 companies as samples over four years with a total of 132 observations. Findings: The results of the analysis show that funding decisions and profitability have a positive and significant effect on the company's value. On the other hand, investment decisions, dividend policies, and company growth show no influence. Practical and Theoretical contribution/Originality: The novelty of this research lies in the selection of non-cyclical consumer companies that experienced a decline in stock prices in 2021–2024, differing from previous research that examined the manufacturing sector during the 2020–2022 period. Research Limitation Limited to non-cyclical consumer companies with an observation period of four years (2021-2024), the generalization is still limited.
Purpose: This study analyzes the determinants influencing the use of tax consultant services among corporate taxpayers in Kupang City, Indonesia, focusing on tax knowledge, perceptions of tax consultants, perceptions of Account Representatives, and tax audits. Methodology/approach: A quantitative survey method was employed using questionnaire data from 35 corporate taxpayers who had utilized tax consultant services, selected through purposive sampling. The data were analyzed using Structural Equation Modeling–Partial Least Squares (SEM–PLS) with SmartPLS 4. Findings: The results indicate that the perception of tax consultants has a positive and significant effect on the use of tax consultant services. In contrast, tax knowledge, perceptions of Account Representatives, and tax audits do not significantly influence corporate taxpayers’ decisions to use such services. Practical and Theoritical contribution/Originality: This study provides empirical evidence on factors influencing the use of tax consultant services in Eastern Indonesia and highlights the importance of strengthening tax consultants’ professionalism and credibility to enhance taxpayer trust and service utilization. Research Limitation: The study is limited by its small sample size and focus on a single city. Future research should involve larger samples and broader geographic coverage.
Purpose: This research looks into how ESG, eco-friendly accounting, and sustainability reports influence the worth of businesses, while considering stakeholder pressure as a factor that can change this effect. Methodology/Approach: A quantitative method is used to analyze 28 energy companies selected purposefully and listed on the IDX from 2022 to 2024. Panel data regression is applied. Findings: The study reveals that eco-friendly accounting positively impacts business value, whereas sustainability reports negatively affect it. In addition, The effect of environmental, social, and governance (ESG) factors on a company's value is limited. It also observes that although pressure from stakeholders might diminish the effect of sustainability reporting on a company's worth, it does not reduce the impact of eco-friendly accounting. Lastly, stakeholder pressure does not diminish the influence of ESG on business value either. Practical and Theoritical contribution/Originality: This study extends sustainability and stakeholder theory by introducing Stakeholder Pressure as a moderator and provides insights for optimizing sustainability practices in enhancing firm value. Research Limitation: In order to provide more thorough and broadly applicable findings, future studies are anticipated to include additional factors, longer observation times, and other sectors.
Purpose: This study aims to examine effect of ownership structure and social media exposure on Corporate Social Responsibility disclosure. Methodology/approach: Using purposive sampling, nine personal care companies listed on the Indonesia Stock Exchange (IDX) were selected over a three-year period, yielding 27 firm-year observations. Secondary data were sourced from annual reports, company official websites, and Instagram accounts. Data analysis employed descriptive statistics, classical assumption tests (normality, multicollinearity, autocorrelation, and heteroscedasticity), and multiple linear regression supported by the coefficient of determination, F-test, and t-test. Findings: Managerial ownership, institutional ownership, and social media exposure show no significant effect on CSR disclosure, whereas public and foreign ownership have positive and significant effects. Simultaneously, all variables collectively influence CSR disclosure. Practical and Theoritical contribution/Originality: This study contributes two novelties to CSR disclosure literature. First, it operationalizes social media exposure through engagement rate, capturing real stakeholder interaction quality beyond traditional media coverage metrics. Second, it focuses empirically on Indonesia's personal care industry —a rapidly growing, socially active sector that remains largely unexplored — addressing both a measurement and industry-specific gap. Research Limitation: Annual engagement rate is calculated based on current follower numbers, which may not accurately reflect audience engagement for each year.
Purpose: This study examines the dependence of rural communities on village funds in Malaka Regency, East Nusa Tenggara, and identifies factors influencing rural economic empowerment. It also investigates the moderating role of community-based development in the relationship between village fund allocation and the development of home industries. Methodology/approach: This study employs a mixed-methods approach by integrating quantitative panel data analysis of 388 village observations from 2019–2022 with qualitative insights derived from field interviews and surveys, in order to comprehensively examine the relationship between village fund allocation, community-based development, and home industry growth. Findings: The findings indicate that village funds have a positive effect on the development of home industries, while community-based development also contributes positively. However, the moderating effect of community-based development on the relationship between village funds and home industry development is negative. Furthermore, qualitative findings reveal that despite the availability of financial support, limited community participation, low entrepreneurial motivation, and weak managerial capacity hinder the effective utilization of village funds for sustainable home industry development. Practical and Theoritical contribution/Originality: This study contributes theoretically and practically by highlighting the importance of optimizing village fund allocation to strengthen community empowerment and support household industry development. Research Limitation: This study highlights the importance of optimizing village fund allocation to strengthen community empowerment and support home industry development, although it is limited to a single region and primarily relies on village budget data.
Purpose: This study analyzes the impact of CEO narcissism on corporate financial performance and the mediating role of CSR disclosure. Methodology/approach: Using a quantitative approach with data from IDX-listed companies (2018–2022) and OLS regression. Findings: The results showed that CEO narcissism had no significant effect on either CSR disclosure or financial performance. CSR disclosure had a significant positive effect on financial performance. Furthermore, CSR disclosure did not mediate the relationship between CEO narcissism and financial performance. Practical and Theoretical contribution/Originality: This study contributed to the literature by testing the mediating role of CSR disclosure in the nexus between CEO narcissism and financial outcomes. The study provided novel insights by integrating upper echelons theory and legitimacy theory in an emerging market. The findings offer insights for investors, regulators, and stakeholders on how CEO personality affects transparency and financial performance, while supporting governance that limits reliance on individual traits. Research Limitation: This study was limited using proxy measures to measure narcissism among CEOs and focus on publicly listed Indonesian companies, which could limit the generalizability of the results. Furthermore, CEO gender was not considered, as it could interact with narcissistic tendencies and influence disclosure behavior.
Purpose: This investigation scrutinizes the impact of capital intensity, capital structure, and profitability on firm value in coal companies listed on the Indonesia Stock Exchange (IDX) from 2021 to 2024. Methodology/approach: A numerical methodology is implemented, leveraging ancillary records sourced from yearly fiscal reports of IDX-registered coal enterprises. The cohort encompasses 120 firm-annual data points extracted via criterion-based sampling. Panel data econometric estimation evaluates the interconnections amidst the operational parameters. Findings: The empirical findings demonstrate that capital intensity, capital structure, and profitability simultaneously affect firm value. Partially, capital intensity and capital structure have no significant effect, whereas profitability positively affects firm value. Practical and Theoritical contribution/Originality: This study advances the literature by simultaneously analyzing capital intensity, capital structure, and profitability in explaining firm value in the coal industry. The findings offer a refined perspective on the relative roles of profitability, investment scale, and financing structure in a capital-intensive context. Research Limitation: The study is constrained by a limited observation period and limited measurement indicators, which may not fully capture the variables examined.
Purpose: This study examines the relationship between ESG practices and maqashid-oriented financial performance within a Tawhid String Relationship, addressing inconsistencies in prior findings by incorporating regulatory context and ethical sustainability disclosure. Methodology/approach: Using panel data from 37 energy sector firms listed on the IDX 2020–2024, with Moderated Regression Analysis to analyze the effects of Islamic governance, environmental accountability, and sustainable resource management on maqashid oriented-financial performance, with ethical sustainability disclosure as a moderating variable and PROPER as a contextual differentiator. Findings: The results indicate that ESG practices do not uniformly affect financial performance. Islamic governance and environmental accountability show context-dependent effects, while sustainability resource management demonstrates a strong positive impact, particularly in firms without PROPER. Ethical sustainability disclosure exhibits a dual moderating role, strengthening certain relationships in less regulated firms but weakening others due to cost and compliance pressures. Practical and Theoritical contribution/Originality: This study contributes by positioning ESG within TSR as a value-driven system aligned with maqashid objectives and highlights the need for strategic integration beyond disclosure. Research Limitation: This study is limited by its sectoral focus, observation period, and reliance on proxy-based ESG measurements, suggesting opportunities for broader and deeper future research.
Purpose: This study analyzes the influence of audit quality and profitability on earnings management practices in manufacturing companies listed on the Indonesia Stock Exchange (IDX). Methodology/approach: This investigation applies numerical methodologies, leveraging archival evidence from accounting disclosures. Specimen gathering was executed via a judgmental choosing procedure, resulting 330 companies as units of analysis, with logistic regression as the primary testing instrument. Findings: The findings demonstrate that audit quality exerts a substantial inverse impact on earnings management, implying that enhanced audit quality diminishes the probability of these maneuvers. Profitability displays no meaningful influence on earnings management. Nevertheless, audit quality and profitability concurrently wield a considerable influence over earnings management. Practical and Theoritical contribution/Originality: This inquiry bridges a lacuna in scholastic publications by simultaneously analyzing the impacts of audit quality and profitability on earnings management operations across industrial corporations registered on the Indonesia Stock Exchange during the interval 2020 – 2024, this combination of variables is still limited to be tested in a single empirical study. Therefore, this study aims to expand the xisting literature. Research Limitation: This study is limited to two independent variables and the sample focus is only on the manufacturing sector.
Purpose: This study aims to investigate how competence, motivation, perceived usefulness, and perceived ease of use impact audit quality, with big data analytics serving as a mediating factor. Methodology/approach: The primary empirical evidence was gathered by distributing structured survey instruments among 176 professional practitioners active within high-profile Indonesian accounting entities, with subsequent data processing executed via partial least squares modeling Findings: The outcomes demonstrate that competence, perceived usefulness, and ease of use exert a substantial and favorable influence on the adoption of big data analytics; conversely, motivation exhibits no distinct consequence. Additionally, the evidence reveals that integrating big data analitytics tools actively refines of audit outcomes and successfully bridges the impacts of competence, user benefits, and user friendliness. It does not, however, serve as an intervening pathway between motivation and overall audit quality. Practical and Theoritical contribution/Originality: These findings confirm that audit quality is determined by the synergy between auditor competence and motivation, as well as organizational readiness through usefulness and easy to use technology. Research Limitation: This study is limited to a cross-sectional design and a sample of Big Ten accounting firms in Indonesia and has not comprehensively accommodated organizational factors.
Purpose: This study examines the mediating role of Islamic entrepreneurship in the relationship between Islamic organizational culture and asatidzah well-being in modern pesantren. Methodology/approach: This study used a quantitative associative approach. Primary data were collected through a structured questionnaire distributed to 385 asatidzah in modern pesantren in Banten Province. The respondents were selected using multistage probability sampling, with criteria including a minimum of two years of teaching experience. The data were analyzed using descriptive statistics and structural equation modeling to examine the direct and indirect relationships among Islamic organizational culture, Islamic entrepreneurship, and asatidzah well-being. Findings: The results show that Islamic organizational culture positively affects asatidzah well-being and Islamic entrepreneurship. Islamic entrepreneurship also positively affects asatidzah well-being and mediates the relationship between Islamic organizational culture and asatidzah well-being. These findings indicate that strengthening organizational culture and Islamic entrepreneurship can support better well-being among asatidzah in modern pesantren. Practical and Theoretical contribution/Originality: This study enriches Islamic management literature by positioning Islamic entrepreneurship as a mediating variable and offers practical insight for strengthening institutional culture and teacher well-being. Research Limitation: This study is limited to modern pesantren in Banten Province, so the findings may not fully represent other contexts.
Purpose: This study analyzes the competitiveness of Indonesia’s halal food exports in the international market by examining whether export growth has been accompanied by comparative advantage. Methodology/approach: This study uses a quantitative descriptive approach based on secondary trade data on Indonesia’s total exports, halal food exports, and corresponding global trade aggregates. Competitiveness is measured using the Revealed Comparative Advantage and Dynamic Revealed Comparative Advantage approaches. Findings: The results show that Indonesia’s halal food exports have grown in absolute terms, but have not yet achieved a stable comparative advantage in the international market. Competitiveness remains fluctuating, indicating that improvement is still episodic rather than structural. Export performance is also concentrated in limited destination markets and remains affected by tariff barriers, uneven market penetration, and institutional constraints in certification and supply chain efficiency. Practical and Theoretical contribution/Originality: This study shows that large Muslim demographics do not automatically create comparative advantage in halal exports and highlights the importance of export diversification and structural strengthening. Research Limitation: This study is limited to trade-based competitiveness measurement and does not directly examine causal determinants.
Purpose: Research examines impact of growth potential, liquidity, also business risk on capital structure, with non-debt tax shield (NDTS) acting as moderating factor in businesses listed on Indonesia Stock Exchange (IDX). Methodology/approach: Reserach uses quantitative approach with secondary data from financial statements of firms in technology industry are registered on IDX. Analysis technique employs panel data regression also Moderated Regression Analysis (MRA), using purposive sampling. Findings: The results show that business risk and growth opportunity don’t affect capital structure, while liquidity has positive effect on capital structure. Additionally, NDTS moderates the impacts of growth potential and liquidity rather than the impact of business risk on capital structure. Practical and Theoritical contribution/Originality: Research enriches the capital structure literature by extending NDTS as a moderating variable. Practically, it provides insights for technology companies in optimizing financing decisions based on business risk, growth opportunity, liquidity.on business risk, growth opportunitiy, and liquidity. Research Limitation: This study has limitations related to limited literature on NDTS, measurement constraints that may not fully reflect actual conditions, and given a somewhat short observation time and sample size, which restrict generalizability.
Purpose: This study aims to examine the influence of Good Corporate Governance (GCG) mechanisms on the timeliness of financial reporting in consumer goods manufacturing companies. Methodology/approach: The research adopts a quantitative method using secondary data from companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2022 period. Logistic regression is applied to test the hypotheses. Findings: The results indicate that independent commissioners and managerial ownership do not significantly affect reporting timeliness. In contrast, institutional ownership and audit committees have a positive influence on the timely submission of financial reports. Practical and Theoretical contribution/Originality: The novelty of this study lies in its specific focus on internal GCG mechanisms (independent commissioners, institutional ownership, managerial ownership, and audit committees) within consumer goods manufacturing companies, a sector less explored compared to banking and financial industries. The study also covers the COVID-19 pandemic and post-pandemic recovery period (2019–2022), offering new perspectives on governance and reporting compliance in times of crisis. Additionally, the application of logistic regression provides methodological strength in analyzing categorical dependent variables such as reporting timeliness. Research Limitation: The study is limited to internal GCG mechanisms, consumer goods manufacturing companies, and an observation period of four years (2019–2022).
Purpose: The research aims to analyze the influence of determination on earnings persistence. Methodology/approach: This research was conducted on enterprise in the basic materials sector on the IDX over the period 2021-2024 utilizing SPSS-based multiple linear regression analysis. The sample size was 228, after outliers were excluded. Findings: The evidience demonstrates operating cash flow and book-tax difference exhibit a significant positive impact on increase persistence. Debt level and sales voltility exert a negative impact. Enterprise measure and accrual reliability exert no impact on earnings persistence. Practical and Theoretical Contributions/Originality: This paper investigates the role of operating cash flow, debt levels, and sales volatility in determining earnings sustainability compared to enterprise size and accrual reliability. The outputs provide practical guidance for enterprise to prioritize stable operating cash flow, prudent debt management, and sales stability, and transparent handling of book-tax differences to improve earnings quality. Investors should consider these indicators beyond earnings figures when assessing investment risk and earnings quality. Research Limitations: This study only examines firms in the sector on the IDX from 2021 to 2024, so the findings may not be sufficient to describe earnings quality more broadly.
