We examine the moderating role of good corporate governance in the effect of green intellectual capital and enterprise risk management on sustainability performance. We gathered 174-panel data from 29 Indonesian industrial sector companies from 2018 – 2023. The data was then estimated using a random effect estimator to test our hypotheses. We found that green intellectual capital and enterprise risk management affect sustainability performance as measured by the sustainability balanced scorecard proxy. On the other hand, good corporate governance did not affect SP but had a negative moderating role in enterprise risk management on sustainability performance. The higher the good corporate governance, the positive effect of enterprise risk management on sustainability performance would become smaller. Companies with high enterprise risk management tend to have better sustainability performance, although their good corporate governance is in worse conditions. This style fact indicates that there is some trade-off between good corporate governance and enterprise risk management. In other words, the high sustainability performance of industrial sector companies is more driven by interest in minimizing risk, not by the quality of the company's good corporate governance. Employing good corporate governance as a moderator variable in the influence of green intellectual capital and enterprise risk management on sustainability performance is a novelty that we offer
This study examines and analyzes the board governance factors associated with the underpricing of companies issuing stocks in the capital market initially. The factors considered are the size of the supervisory board, gender-based board diversity, and the size of the audit committee. The population comprises underpricing corporations in the capital markets of Indonesia, Malaysia, Singapore, Thailand, and the Philippines between 2018 and 2022, sampled using a stratified random sampling technique. Furthermore, 208 companies are employed as samples, based on the calculation of the Isaac and Michael formula. Then, the regression model is used to analyze the data. As a result, this study reveals that the greater the size of the supervisory board and the audit committee, the less underpricing, and the greater the representation of women on the supervisory board, the greater the underpricing. Reinforced by these findings, this study recommends that firms have numerous supervisory boards, comprising seven to twelve people, a high ratio of male supervisory board members, and more audit committee members to mitigate underpricing, which is a non-optimal effort to raise new capital from the initial public offering. As a novelty, this study utilizes companies from five capital markets in Southeast Asia; therefore, the generalizability of this study can be more extensive than that of employing a single capital market.
The purpose of this study is to determine how these MBTI learning styles impact the academic achievements of students as well as their preferred learning media, which may be onsite, online, or blended. It is very important to identify the various aspects of learning styles and their academic results in order to improve teaching methods. The study was carried out through quantitative analysis with SMART PLS methodology to define the connection between MBTI learning styles, academic achievement, and most sought learning models. Surveys with the students are conducted to determine their learning style preferences and their academic achievements. The findings reveal that MBTI learning model preferences highly affects the selection of a learning model and achievement in school. On the other hand, the preferred learning model whether onsite, online or blended does not directly affect the academic performance of the students. This conclusion indicates that students’ academic achievements may be more dependent on the appropriateness of teaching methods to the students’ learning style rather than the manner in which teaching and learning is carried out. The study highlights the need for universities to adopt different MBTI learning styles for personalized learning in order to improve academic performance.
Main Purpose: This study aims to analysed the impact of innovation capability on financial firm performance, with management accounting information systems (MAIS) as a mediating variable.Method: The research employs a causal-explanatory approach with a quantitative method. Data was collected using surveys distributed via Google Forms and physical questionnaires, and analysed using Structural Equation Modelling (SEM): SMARTPLS.Main Finding: The study finds that innovation capability positively influences firm performance, both directly and indirectly, through MAIS. MAIS also has a significant positive effect on firm performance. Additionally, MAIS mediates the relationship between innovation capability and firm performance, reinforcing the role of accounting information systems in enhancing financial outcomes.Theory and Practical Implications: The findings contribute to the theoretical understanding of the role of MAIS as a mediator in the relationship between innovation and firm performance. Practically, it provides insights for startup companies to leverage innovation capabilities while integrating robust MAIS to improve financial performance.Novelty: This research fills a gap by examining the mediating role of MAIS in the relationship between innovation capability and firm performance in startup companies, an area that has been largely unexplored.
The purpose of this study is to examine the influence of TPB dimensions on taxpayers' intention to commit fraud by testing the effect of financial condition intervention on taxpayers as a factor that can change taxpayers' intention to commit fraud. This research employs a survey approach, where data is collected through questionnaires. Data collection methods were distributed manually and online to individual taxpayers aged 17 and above, totaling 200 out of 213 respondents' data that could be collected. Data analysis technique used is SEM-PLS (Partial Least Square). The results of this study indicate that all TPB dimensions, namely attitude, subjective norm, and perceived behavior control, are able to influence the intention to commit tax evasion. Moderation testing shows that the interaction of financial condition with each component of TPB can change taxpayers' intention to commit tax evasion. The implications of the research results indicate that regulators need to map taxpayers' financial conditions. This is useful to change taxpayers' paradigm that tax payment is part of citizenship obligations rather than economic sacrifice. This study offers a new direction in expanding the tax evasion research model by involving TPB dimensions and incorporating situational factors such as financial condition as additional determinants or intervention factors.
This study aims to investigate whether sustainable corporate performance is influenced by green accounting practice and analyze environmental performance position as a moderating variable in this relationship. Cross-sectional time-series analysis together with random effects regression model was deployed for data analysis. The findings indicate that green accounting, proxied by environmental costs, negatively affects sustainable corporate performance, where greater efficiency in environmental cost components for green accounting activities positively impacts sustainable corporate performance (ROE). However, not significant moderation effect of environmental performance observes in the relationship betwixt green accounting and sustainable corporate performance. Companies that increase environmental costs to enhance compliance and achieve higher PROPER ratings experience a decline in ROE. Theoretically, vision given from this study regarding the importance of environmental cost efficiency in green accounting practices to support sustainable corporate performance. Practically, it suggests that companies should integrate environmental aspects comprehensively into their business strategies and effectively implement sustainable practices to achieve optimal corporate performance. Compared to previous research, this research uses environmental performance as a moderating variable, which has not been previously explored in the relationship betwixt green accounting and sustainable corporate performance and this become novelty of this research.
The purpose of this study is to examine the description of the collaboration environment, collaborative dynamic-capability, and dynamic-collaborative governance, and analyze the effect of collaboration environment on collaborative dynamic-capability and dynamic-collaborative governance of poverty alleviation in West Java. The approach is quantitative, with questionnaires as the main instrument for collecting and analyzing datasets to describe each variable in the model and its interrelationships, tested with Partial Least Squares Structural Equation Modeling (PLS-SEM). The research subjects or units of analysis in this study are all 27 cities/regencies in West Java, plus one provincial government as respondents. The results revealed that collaboration environment and collaboration environment had a positive effect on collaborative dynamic capability. The collaborative dynamic capability had a positive effect on dynamic-collaborative governance. The amount of regional generated revenue for local governments was able to moderate the relationship among variables. This study offers practical implications for enhancing poverty alleviation strategies through targeted collaborative governance frameworks. It highlights the importance of fostering dynamic capabilities and effective local government. This study highlights the novelty of integrating dynamic governance with moderated revenue-based insights.
This research aims to assess the impact of debt utilization on the performance of companies listed on the Indonesia Stock Exchange during the period of 2012-2021. Panel data analysis is employed to analyze 35 companies operating in the energy sector, includes the use of a fixed effect model, common effect model, and Hausman test to determine the most suitable model for analysing the data. Short-term and long-term debt measurements are used as independent variables to evaluate their effects on company performance based on accounting metrics, including Return on Assets (ROA), Return on Equity (ROE), and Return on Sales (ROS). The findings reveal that both short-term and long-term debt significantly affect company profitability. Additionally, companies in the energy sector predominantly rely on long-term debt for financing. Tangible assets and company size exhibit varying effects on performance. Furthermore, macroeconomic factors, such as exchange rates, play a significant role. These findings are consistent with the "pecking order" theory, which suggests that debt financing is costlier and entails greater information asymmetry compared to internal resources. The study underscores the importance of considering macroeconomic indicators, such as exchange rates and loan interest rates, in understanding the dynamics of the energy sector in Indonesia. Additionally, the results provide valuable insights for policymakers and practitioners in optimizing debt utilization strategies in the energy sector. This research contributes to the existing literature by integrating macroeconomic variables, particularly exchange rates and loan interest rates, into the analysis of debt utilization and company performance in the Indonesian energy sector, thereby providing a comprehensive understanding of its dynamics.
This study aims to analyze whether the financial reports of Rural Banks (BPR) that are included in Banks Under Recovery/BDP (Before called the Bank under Intensive Supervision/BDPI and the Bank under Special Supervision/BPDK) meet the qualitative characteristics of financial statements. This study uses the financial statement ratio of the BPRs whose business permit is revoked by the Financial Services Authority up to 2023. The samples used are 47 banks from 127 banks that had been revoked. Meanwhile, a healthy bank sample was 171 BPRs in 2016-2019. Correlation analysis is used in this study. The results of this study concluded that the troubled BPRs financial statements did not meet the qualitative characteristics of financial statements. Only one in 47 BPRs meets the qualitative characteristics of financial statements. This was evidenced by comparing the financial ratio of the troubled bank with a healthy bank, such as NPLs, BOPO, LDR, CAR, and ROA showed negative results (different directions) or the level of relationship of more than one level. The author suggests the regulator so that financial ratios in the financial statements that indicate the bank's health can be used as the initial data analysis of BPRs governance implementation.
This study examines the effect of CLC in the mature phase, size of the board of commissioners, size of the board of directors, and gender diversity on CSR disclosure with company size, profitability, slack, MTB, RnD, and company age as control variables. This study used 352 manufacturing companies listed on the IDX for 2019-2021. Secondary data was obtained from annual reports and analyzed quantitatively through multiple linear regression analysis with SPSS 25. This study found that CLC in the mature phase and the size of the board of directors had a significant positive effect on CSR disclosure. The size of the board of commissioners had an insignificant positive effect, while gender diversity had an insignificant negative effect. Companies in the mature phase with many directors will become increasingly involved in CSR because their conditions are stable. Meanwhile, commissioners focus more on financial performance, and male directors still dominate, so their influence is insignificant. This study implies that companies in the mature phase need to implement CSR to gain the trust of stakeholders so they can be sustainable in the long term, and the government needs to encourage companies to be committed to implementing CSR. Investors do not hesitate to invest in companies in the mature phase that have good social responsibility because these companies can be sustainable in the long term. This study adds a gender diversity variable, uses the latest GRI Standards with 148 indicators, and uses manufacturing companies registered on the IDX for 2019-2021 as the novelty from previous research.
This research analyzes the effect of auditor busyness and audit committee characteristics on financial reporting quality, with audit delay as a mediating variable. This research is quantitative and uses panel regression data as an analysis method. Listed cyclical goods companies in the Indonesia Stock Exchange are used as the sample data, ranging from 2018-2022, with 375 samples. The results from this research show no significant influence between auditor busyness and the characteristics of the audit committee on the financial reporting quality, with audit delay as a mediating variable. However, audit committee size and meetings show a significant positive influence on audit delays. Meanwhile, a significant positive impact was also found between audit delay and the quality of financial reports. The outcomes of this research are expected to benefit companies and investors in understanding some factors that cause audit delays. It is also expected to give investors a better understanding of where audit delay indicates doubts about the quality of financial reports. Research about auditor busyness is scarce, especially in Indonesia, and this study is the first in Indonesia to examine the factors that affect financial reporting quality, with audit delay as an intervening variable due to the importance of financial reporting quality as it is used for decision-making.
This research aims to analyze the factors determining the quality of local government financial report information during the pandemic, with its interaction with external pressure, environmental uncertainty, internal control and technology implementation on financial statement quality. The data was obtained within the Central Java Provincial Government from 20 October 2021 to 15 February 2022 using a survey method. The questionnaire responses were 257 from 35 Regional Government Organizations—data analysis technique using Structural Equation Modeling-Partial Least Square (SEM-PLS). The research results show that HR competency, compliance with accounting standards, information technology, internal pressure, environmental uncertainty and internal control directly affect the quality of financial report information during the pandemic. It was also found that external pressure and internal control were mediating variables that increased the relationship between variables. The greater the external pressure and the better the implementation of internal control, the better the quality of financial report information will be, as evidenced by an increase in R-square of 20 per cent. Theoretical implications confirm stewardship theory and can be used practically as material for government consideration to improve the quality of financial report information. The novelty of our research also lies in the use of environmental and economic uncertainty variables that occurred in Indonesia during the COVID-19 period. Hence, this research discusses the quality of financial reports comprehensively by combining various elements related to government regulations, company factors and psychological factors of accountants who are research respondents.
This study investigated the correlation between tax avoidance, corporate financial performance, and high-tech industries (HTI) characteristics in publicly listed industries in Southeast Asia. The Generalized Least Square (GLS) was administered to test the hypotheses in 666 industry-years from 74 publicly listed industries in Southeast Asia from 2013-2021, including nine from Indonesia, 23 from Malaysia, 11 from Singapore, five from the Philippines, and 26 from Thailand. The results support all the hypotheses by showing a positive influence of corporate financial performance on tax avoidance and was found to be more vital for industries in high-tech industries. It suggested that high-performing sectors in Southeast Asia had more power to influence the political process for their benefit. Profitable high-tech companies are more likely than the industry to use tax system uncertainties to minimize their tax obligations. These results support political power hypotheses rather than political cost hypotheses. Moreover, political power was more pronounced in high-tech industries, which the government saw as more valuable. This study investigated different geographical areas that might be neglected by previous studies and industry characteristics suspected to contribute significantly to the strong effects of corporate financial performance on tax avoidance.
Corporate Social Responsibility (CSR) refers to an organization's endeavors to enhance the well-being of a local or global community by means of diverse initiatives undertaken by the organization. It is important to reveal the activities conducted into a report, both in the annual report and the sustainability report, in order to maintain the company's positive reputation among the general public who might not be able to feel the effects of the activities firsthand. The purpose of this study was to determine whether CSR disclosure has an impact on LQ45 companies' financial performance. The Indonesia Stock Exchange (IDX) website or the company's official website are the sources of the annual reports or sustainability reports that are used in this study. Content analysis techniques are used to the data collection procedure. In order to process the data, the significance of the influence between the bound and free variables is ascertained using a straightforward regression analysis. The results of this study show that there is an influence between CSR disclosures on the financial performance of LQ45 companies as measured by Return on Asset (ROA), Return on Sales (ROS), and Gross Profit Margin (GPM). Based on authors knowledge this is first study conduct CSRI on return on asset, return of sales and gross profit margin on LQ45 manufacturing companies.
The purpose of the study is to determine the effect of gender moderation which is moderated again by employee status (PNS and Non PNS Lecturers) on overconfidence bias in retirement planning. This research is included in the type of cross sectional research and the method used is the explanatory method. The research findings are gender and employee status (civil servant and non-civil servant lecturers) moderate the effect of overconfidence bias on retirement planning. If employee status is seen based on gender, the results do not affect retirement planning. Thus in making retirement planning, employee status affects retirement planning but is not determined by gender. This overconfidence is often stronger based on gender and employment status. In practical terms, this means that retirement planning and investment decisions are influenced by gender, as men and women have different levels of confidence. This study places the status of lecturers based on gender in moderating overconfidence bias towards retirement planning as a novelty in this study.
This study examines the effect of board independence on the relationship between board gender diversity and financial stability in emerging African countries. A causal research design is employed, using data from 190 listed firms in nine emerging African economies covering 2012 to 2022. The study utilizes the two-step dynamic generalized moment method for data analysis. The findings reveal a significant relationship between board independence, financial stability, and gender diversity. The study underscores the importance of having a gender-inclusive board composition to enhance the resilience of companies operating in Africa. It also emphasizes the significance of board independence and effective board operations in promoting financial stability. The theory and practical implications are provided for policymakers and firm managers to enhance the financial stability of firms in emerging African economies. The study examines the combined relationship between board independence and gender diversity, highlighting the benefits of fostering independent and inclusive governance structures. The study contributes to academic discourse and establishes a strategic plan to foster sustainable development and stability in the corporate sector of emerging economies.
This study aims to determine the relationship between company value and corporate social responsibility and company size. Method This research uses a quantitative methodology. Multiple regression analysis was used in the descriptive-verificative approach of the investigation. The research method used in this research is a quantitative approach companies served as the study's units of analysis. The research used a cross-sectional in Southeast Asia in 2022 which data is available at Thomson Reuters on the website https://www.refinitiv.com. The findings of this study showed that company value is positively impacted by corporate social responsibility while negatively impacted by company size. The findings of that study need for consideration by companies to implement policies related to corporate social responsibility and since it is a company size able to change investors’ views, therefore company goals are expected to include economic, environmental and social where the company is established. However, the companies also have to pay attention to the number and increase in total assets because high total assets a significant effect on high risk and competition. This study provides novel insights into the relationship between between corporate social responsibility and business value in the Southeast Asian region.
The objective of this research is to determine the impact of Ghana's Integrated Financial Management Information System's (GIFMIS) ability on the financial accountability and transparency of MMDAs. The research utilized quantitative and Ordinary Least Squares (OLS) regression analysis to investigate the impact of government policies, organizational culture, resource availability, technical infrastructure, user acceptance, and training on the performance of GIFMIS. The research found that technological infrastructure, resource availability, organizational culture, and government policies positively influenced financial transparency and accountability. Conversely, user acceptance and training have a detrimental impact on system efficacy. The data indicates that decentralization moderates these associations, leading to a significant reduction in the beneficial effects of the independent variables. Practical consequences include improving user training and harmonizing financial management techniques across decentralized governance institutions. Theoretical implications suggest the need to reinforce government policies and resources to ensure transparency. This research is beneficial in that it illuminates the necessity of balanced supervision and how decentralization complicates the adoption of financial management systems. This research stands out as it delves into the performance characteristics of GIFMIS within a decentralized governance system, unprecedented as it demonstrated the impact of decentralization on the relationship between organizational culture, technological infrastructure, government regulations, and financial accountability and transparency, in contrast to prior research that has focused on centralized systems.
This research aimed to examine the effect of audit tenure, financial distress, and solvency on audit report lag while considering the size of public firm size as a moderating factor. By employing purposive sampling method, samples of 135 companies from the real estate industry in the Big 5 ASEAN that are listed on SandP Capital IQ from the period 2020-2022 are gathered. This research employs a quantitative approach and data will be analyzed using STATA ver. 17. The research findings demonstrated that audit tenure has a negative effect on audit report lag, whereas financial distress and solvency have a positive impact. The public firm size does not significantly strengthen the negative effect of audit tenure and does not significantly weaken the positive effect of financial distress on audit report lag. However, the public firm size can strengthen the positive effect of solvency on audit report lag. This research aims to provide theoretical implications whereas audit tenure affects agency theory while financial distress and solvency affect compliance theory. While practical implications suggest that companies engage the same auditor, monitoring financial conditions and solvency levels to reduce audit report lags. The novelty of this research is by using real estate industry companies located in the Big 5 ASEAN countries (Indonesia, Thailand, Singapore, Malaysia, and Vietnam) as the population and thus enriching understanding within this specific context and extending the applicability of findings to this sector.
This research examines the impact of information technology and user competence on the efficiency of accounting information systems. Using a survey approach, the study involves 47 regional government organizations. Hypothesis testing is conducted through structural equation modeling (SEM) with data analyzed using Smart PLS-SEM. The study found that user competence significantly enhances the quality of accounting information systems, while information technology has minimal impact. In the Medan City Government, this highlights the crucial role of user competence in ensuring system effectiveness, with technology playing a lesser role. The Medan City Government remains focused on enhancing the competence of its personnel in utilizing accounting information systems. Additionally, continuous efforts are made to adapt the existing information technology to meet the evolving needs of users. This study offers new insights into how information technology and user competence jointly influence the quality of accounting information systems in the Medan City Government.
