This study sets out to analyse extensively the added value of applying GenAI as a support for managerial accounting decisions at PT Mutiara Benih Nusantara. The study drew on a qualitative case study methodology to develop a comprehensive depiction of the research focus. Data collection was conducted through interviews and field observations. The results indicate that the use of GenAI as a decision-making support tool in the managerial accounting department at PT Mutiara Benih Nusantara provides significant added value in terms of enhancing effectiveness, efficiency, and user competence. Challenges that the company needs to anticipate in the implementation of this technology include the complexity of prompt formulation, human validation of outputs, technology competency gaps among staff, and dependence on technology leading to a decline in critical thinking skills.
This study aims to analyze the influence of fundamental bank performance factors, as proxied by CAR, NPL, and LDR, on profitability, as proxied by ROA, with NIM as a mediating variable. The objects of this study include banks listed on the Indonesia Stock Exchange (IDX) for the 2020-2024 period. This study uses a quantitative approach with a panel data regression method processed using Eviews 13 through the Random Effect Model (REM). This test is carried out through model selection tests, classical assumption tests, t-tests, f-tests, R-Square tests, and Sobel tests. The results of this study indicate that CAR and NPL do not significantly affect NIM. While LDR significantly affects NIM. On the other hand, CAR and LDR do not significantly affect ROA, but NPL and NIM significantly affect ROA. In addition, NIM is unable to mediate the relationship between fundamental bank performance factors, namely CAR, NPL, and LDR, with profitability.
This study analyzes ethical failures behind financial reporting irregularities at PT Indofarma Tbk using Moral Disengagement, Ethical Infrastructure, and Tone at the Top perspectives. Employing a qualitative descriptive case study, it examines secondary data from the 2024 BPK RI investigative audit, national news, and 2021–2023 annual reports. Findings show that moral disengagement enabled individuals to justify improper revenue recognition, inflated inventories, and misappropriation of funds. Organizational weaknesses such as poor documentation, noncompliance with procurement procedures, ineffective internal controls, and delayed corrective actions created structural gaps that allowed repeated reporting deviations. Furthermore, a weak tone at the top contributed significantly, as leadership failed to enforce ethical standards, ensure governance discipline, and maintain transparency. The interaction of individual, structural, and leadership failures fostered sustained financial manipulation, leading to significant financial deterioration and capital deficiency. This study highlights importance of strengthening ethical governance in state-owned enterprises, especially in regulated sectors like pharmaceuticals.
This study aims to analyze photographs in CSR reports that can attract attention and evoke emotions to create an impression of responsibility in terms of sustainability, as well as to compare Indonesia and Malaysia. Visual content analysis was conducted on 81 sustainability reports from energy sector companies in Indonesia and 28 in Malaysia. Through a difference test, this study found that companies in Indonesia use certain photo features more often to attract attention than companies in Malaysia, such as large, landscape-oriented photos. In addition, companies in Indonesia strategically utilize themes to evoke the emotions of stakeholders. These findings suggest that companies tend to use photos as part of impression management, whether as a strategy for ingratiation (attract sympathy), exemplification (setting a moral example), or organizational promotion (corporate reputation promotion). Therefore, investors should be more critical and cautious when evaluating non-financial.
This study presents a systematic literature review (SLR) on Islamic Accounting in the Age of Fintech: Accountability and Sharia Governance in Islamic Digital Banks, exploring how digital transformation reshapes ethical accountability and financial transparency in Islamic finance. The findings reveal that blockchain, AI, and fintech innovations strengthen auditability and reporting timeliness but also introduce ethical challenges regarding privacy, explainability, and regulatory fragmentation. The proposed Digital Sharia Governance Accountability (DSGA) framework bridges technological efficiency with Islamic ethical values, offering a structured model for integrating Sharia assurance into digital infrastructures. The study concludes that Islamic digital finance must institutionalize ethical accountability alongside innovation to maintain legitimacy, inclusivity, and compliance in an increasingly digital financial ecosystem.
This study examines how institutional ownership affects firm value and analyses the role of dividend policy as a moderator in consumer non-cyclical companies listed on the Indonesia Stock Exchange during 2022–2024. The research employs an explanatory quantitative approach using panel data regression and Moderated Regression Analysis (MRA) on 48 company observations selected through purposive sampling. The results indicate that institutional ownership does not significantly affect firm value. Meanwhile, dividend policy is shown to negatively moderate the relationship between institutional ownership and firm value, suggesting that high dividend payouts may weaken the role of institutional ownership in enhancing firm value. These findings support agency theory, particularly the free cash flow perspective, and signalling theory, emphasising that dividend policy can influence market perception and the effectiveness of institutional investor monitoring. This study is expected to contribute to the corporate governance literature and provide practical considerations for management and institutional investors in formulating optimal ownership and dividend policies.
This study aims to analyze macroeconomic variables, namely inflation, interest rates, and the rupiah exchange rate, on stock prices and examine profitability, proxied by ROA, as a mediating variable in LQ45 companies listed on the Indonesia Stock Exchange for the 2020–2024 period. This study used a quantitative approach with secondary data in the form of quarterly panel data and 23 samples selected through purposive sampling. Data on the rupiah exchange rate, stock prices, and profitability were transformed using natural logarithms (LN) to align units between variables and normalize the data. Then, all data were analyzed using EViews 13 software.The Random Effects Model (REM) was selected. The analysis showed that inflation, interest rates, and the rupiah exchange rate had no significant effect on profitability (ROA). Inflation and profitability (ROA) significantly influenced stock prices, while interest rates and the rupiah exchange rate did not. Furthermore, profitability (ROA) was unable to mediate the relationship between inflation, interest rates, and the rupiah exchange rate on the stock prices of LQ45 companies.
This study aims to analyze how the quality of the accounting information system, performance expectancy, and price value affect the intention to use mobile payment. The rapid growth of digital financial technology has boosted mobile payment adoption, especially among students, highlighting the need for an empirical study to identify the factors influencing this intention. The research population comprises accounting students at universities in the Cirebon area, with primary data collected through questionnaires. Hypothesis testing was performed using SEM-PLS with bootstrapping. The results indicate that accounting information system quality, performance expectancy, and price value positively and significantly influence the intention to use mobile payment. The novelty of this research lies in incorporating accounting information system quality into the mobile payment technology acceptance model, highlighting the vital role of accounting information systems in influencing adoption decisions. These findings are anticipated to positively impact both theoretical understanding and practical application in the development of mobile payment systems services.
This study investigates the extent to which green accounting practices and intellectual capital shape firm value, with financial performance positioned as a mediating factor, within the context of Indonesian manufacturing firms. Utilizing panel data regression and Sobel test mediation procedures, the analysis draws on a sample of 234 manufacturing companies listed on the Indonesia Stock Exchange during the 2021–2023 period. The findings reveal three key phenomena: green accounting directly enhances firm value by signaling environmental commitment to stakeholders; intellectual capital demonstrates a dual-pathway effect by both directly increasing firm value and indirectly through improved financial performance; and a difference-mediation pattern in financial performance. The novelty of this research lies in demonstrating that green accounting and intellectual capital operate through distinct value-creation mechanism thereby enriching our understanding of how different strategic assets contribute to firm value in emerging markets.
This study examines the impact of business complexity and sustainability finance on firm value in Kazakhstan. Using regression analysis on secondary data from firms listed on the Kazakhstan Stock Exchange, the study tests whether these factors influence firm valuation. The results show that neither business complexity nor sustainability finance has a significant effect on firm value. This suggests that these factors do not explain firm valuation in Kazakhstan’s emerging market. The findings indicate that other factors, such as market conditions, governance quality, and industry characteristics, may play a more important role. This study highlights the need for further research on firm value determinants in emerging markets.
The purpose of this study is to explore and understand in-depth the experiences of MSME entrepreneurs in Lubuk Linggau City in adopting cloud computing in their accounting information systems. The study population was drawn from three different types of businesses. Using a purposive sampling technique, five informants were selected, which was conducted by contacting and interviewing owners, managers, and admins. The analysis results show that first, in bakeries with a full cloud system, they gain benefits such as efficiency, ease of work, more accurate results, and transparency. Second, in coffee businesses that use dual systems, more emphasis is placed on the need to improve management control, transparency, and prevent unwanted fraud. And third, in heavy equipment rental services businesses with manual systems, because client needs and transaction patterns are still simple, where situations require speed, conciseness, and directness, so that digitalization is considered not yet relevant.
This study examines the influence of Green Intellectual Capital (GIC) and Green Accounting (GA) on Firm Value (FV), with Green Competitive Advantage (GCA) as a mediator. Using purposive sampling, 147 observations were collected from basic materials companies listed on the Indonesia Stock Exchange (IDX) for the 2020–2024 period. Data were analyzed using PLS-SEM. Findings reveal that both GIC and GA significantly enhance FV, indicating that green intellectual capital and environmental transparency serve as vital signals for investors. While GIC significantly strengthens GCA, GA has no significant effect on competitive advantage. Furthermore, GCA effectively mediates the relationship between GIC and FV, whereas its mediating role for GA was not supported. These findings align with Resource-Based View (RBV) theory, suggesting that green resources enhance market value when managed as unique strategic capabilities. Companies should optimize green intellectual assets and environmental reporting quality to strengthen competitiveness and achieve sustainable corporate value.
This study aims to empirically test the existence of environmental performance as a leading indicator of financial performance by involving public attention to social media sentiment. Studies related to environmental performance, social media sentiment, and financial performance have been conducted in several countries, both developed and developing. Indonesia is one of the countries with the largest and most active social media users in the world, generating positive, negative, and neutral sentiments through these platforms. The population of this study consists of non-financial companies listed on the SRI-KEHATI index from 2017 to 2025. This research is a quantitative study, and the data is panel data. The data is processed with the assistance of E-Views. Based on the results and discussion, it can be concluded that environmental performance affects financial performance, and simultaneously, positive company sentiment can strengthen the relationship between environmental performance and financial performance. Positive sentiment enhances environmental efforts are more visible and appreciated by the public. Environmental performance basically is not enough to just be carried out, but must also be known by the public through social media. Companies not only manage the environment, but are also considered capable of maintaining public trust and building a positive perception
This study examines the effect of Corporate Social Responsibility (CSR) on short- and long-term stock performance of companies undergoing mergers and acquisitions (MA) in Southeast Asia. The methode used an event study approach, it analyzes market reactions to MA announcements. Short-term performance is measured by Cumulative Abnormal Return (CAR), while long-term performance uses Buy and Hold Abnormal Return (BHAR). The sample consists of 240 MA transactions from 2017 to 2023. Results show that CSR has a significant negative effect on short-term performance (CAR) only in event window model 3.1.2, with no significant impact in other windows. For long-term performance, CSR negatively affects BHAR in models 3.2.2 and 3.2.3, but not in others. Overall, this finding indicates that the market does not respond positively to CSR in the context of MA, even assessing CSR as a burden or activity that does not directly increase the long-term value of the company.
This study examines the effectiveness of the dividend-timing investment strategy by analyzing returns and risks across various buy–sell windows and comparing them against the IDX Composite. Using an event study method, the strategy involves purchasing shares on the cum-dividend date and selling them on the ex-dividend date across seven defined horizons, ranging from the ex-dividend opening price to five days post-dividend. The results indicate that the dividend-timing model consistently generates positive returns across all horizons, outperforming the IDX Composite, which recorded negative returns during dividend periods. Furthermore, the model exhibits lower risk and offers stability amidst market volatility. The novelty of this research lies in its emphasis on risk-adjusted performance, providing empirical evidence that dividend-timing in the Indonesian capital market is not only more profitable but also more efficient in risk management compared to the overall market index.
The aim of this study is to analyze the difference of expected credit loss (ECL) value before and after PSAK 109 implementation. The event study method and a paired sample t-test to analyze this study. Data is obtained from bank financial statements listed on Indonesia Stock Exchange. The finding show ECL before and after PSAK 109 implementation is difference, where there was an increase. The increase was due to higher potential for default in times of economic crisis and lies in too much on management judgment. This study support agency theory and has implications for accounting policies standard that could make it easier to determine ECL, also for management to be prudence in disbursing loans. The novelty is research of ECL relatively new and examines entire ECL of bank financial assets and not just credit accounts, so it is hoped can provide a comprehensive impact of PSAK 109 implementation.
This research seeks to analyze the influence of female board directors, higher education boards, and the role of independent board members in shaping sustainability performance, analyzing their impact through control variables namely board size and company size. The methodology employed is a quantitative method, with data collected from the annual reports of Indonesian manufacturing firms traded on the Indonesia Stock Exchange (IDX) from 2019 to 2023. Researchers conducted descriptive statistical analysis, using bivariate examination and multivariate assessment. Results underscore the pivotal importance of governing body independence in enhancing sustainability outcomes, reinforcing the significance of effective organizational frameworks in advancing corporate sustainability. While gender diversity and educational qualifications of board members indicate positive tendencies, their influence appears to be context-dependent and may be shaped by other organizational or governance-related factors. These insights underscore the need for further exploration of board characteristics alongside corporate oversight systems in shaping sustainability outcomes.
This study examines the gap between Indonesia’s Financial Inclusion Index and Financial Literacy Index in the context of the rapid expansion of Buy Now Pay Later (BNPL) services and assesses the Financial Well-being of BNPL users. Data were collected from users in Probolinggo City and Regency, a semi-urban area, and analyzed using Structural Equation Modeling with the Partial Least Squares (SEM-PLS) approach. The findings reveal a notable discrepancy between perceived and actual financial knowledge, indicating that users tend to overestimate their financial abilities. Financial literacy positively influences Financial Well-being and reduces impulsive and Compulsive Buying, while Digital Financial Literacy does not improve well-being and instead increases both behaviors. Conscientiousness enhances Financial Well-being and decreases Compulsive Buying but shows no significant effect on Impulsive Buying. The study’s novelty lies in its focus on small-town BNPL users rather than national or student samples, underscoring the need to strengthen financial literacy, digital competencies, and psychological awareness to foster responsible financial behavior.
This study aims to determine the effect of capital structure and growth opportunity on firm value with the moderating role of political connections of directors and commissioners. Profitability and firm size are used as control variables in this research. The study was conducted on state-owned enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) during the 2022–2024 period. The data used in this study consisted of 60 samples, excluding the financial sector. Panel data analysis was employed to test the research hypotheses using STATA version 14. The results of this study indicate that capital structure and growth opportunity have no significant effect on firm value. The political connections of directors strengthen the positive effect of capital structure and growth opportunity on firm value. However, the political connections of commissioners are proven not to moderate the relationship between capital structure and growth opportunity and firm value.
This study examines the growth trends of cryptocurrencies and their associated taxation policies, focusing on the unique technological advancements and regulatory frameworks shaping the market. Utilizing a systematic literature review methodology, this study synthesizes findings from academic and institutional sources to explore cryptocurrency growth and global taxation policies, the research investigates the adoption metrics of major cryptocurrencies and the comparative taxation policies across various jurisdictions. Findings reveal a substantial increase in cryptocurrency adoption driven by institutional investments and technological innovations. However, taxation policies vary widely, impacting investor behavior and market dynamics. This research contributes to understanding the interplay between cryptocurrency growth and taxation, providing insights for investors and policymakers.
