Jurnal Akuntansi, Keuangan, dan Manajemen

Determinants of Earnings Management: Deferred Tax, Tax Planning, Firm Size with Institutional Ownership as Moderator

2026-05-07T10:20:30+07:00

Purpose: This study examines the effects of deferred tax expense, tax planning, and firm size on earnings management, with institutional ownership as a moderating variable.

Research Methodology: This study employs a quantitative approach using secondary data from companies in the primary consumer goods sector listed on the Indonesia Stock Exchange over the 2019–2023 period. Purposive sampling identified 14 firms. The analysis was conducted using panel data logistic regression.

Results: The findings reveal that deferred tax expenses significantly affect earnings management. In contrast, tax planning and firm size did not show significant effects. Additionally, institutional ownership moderates the relationship between deferred tax expenses and earnings management but does not moderate the relationships involving tax planning and firm size.

Conclusions: Deferred tax expense is a key determinant of earnings management, whereas tax planning and firm size are not. Institutional ownership plays a selective moderating role and is effective only in the context of deferred tax-related discretion.

Limitations: This study is limited by its relatively small sample size (14 firms) and focus on a single sector, which may restrict the generalizability of the findings. Additionally, the model explained a limited proportion of the variance, indicating the presence of other unexamined factors.

Contributions: This study contributes to the literature by showing that deferred tax expense is a key earnings management driver and institutional ownership is a selective governance mechanism, and by providing empirical evidence from an emerging market on taxation, firm traits, and earnings management.

Green Consumer Behavior of Women in Purchasing Local Environmentally Friendly Detergent Products

2025-03-18T07:56:35+07:00

Purpose: This study analyzes how environmental knowledge and attitudes affect women's green consumer behavior when purchasing eco-friendly detergent.

Methodology: This study uses a type of causality research, and sampling in this study uses a non-probability sampling method using an incidental sampling technique with 120 sample respondents. The method used in this study was multiple linear regression analysis.

Results: The results of the study showed that environmental knowledge positively affected green consumer behavior in women purchasing environmentally friendly detergent products. This is because women are more concerned about environmental issues and understand the impact of environmental pollution, and women who are active in recycling activities are more likely to choose and buy environmentally friendly products.

Conclusions: This study significantly enhances our understanding of the factors influencing environmentally conscious consumer behavior, particularly among women, when selecting eco-friendly detergent products. The findings suggest that knowledge of recycling, along with related attitudes and behaviors, plays a crucial role in shaping women's preferences for more sustainable products.

Limitations: The focus of this study is only on female consumers; therefore, it does not examine how male consumers buy environmentally friendly detergents. The study cannot be generalized to a wider population because the respondents were limited to certain areas.

Contributions: Testing the relevance of consumer behavior theories, such as the Theory of Planned Behavior (TPB), to eco-friendly detergent purchases provides valuable insights for local manufacturers to design effective marketing strategies targeting environmentally conscious female consumers.

Transformational Leadership and Work Flexibility Effects on Government Employee Performance with Team Cohesiveness

2026-02-05T10:06:27+07:00

Purpose: This study examines the effect of transformational leadership and work flexibility on government employee performance, with team cohesiveness as an intervening variable.

Methodology: The research was conducted among 234 employees of the Directorate General of Surveillance for Marine and Fisheries Resources in Indonesia. A quantitative approach was employed using SEM-PLS, with data collected through questionnaires using a simple random sampling method.

Results: The findings show that transformational leadership does not have a significant direct effect on employee performance, whereas work flexibility has a positive effect. However, both transformational leadership and work flexibility significantly influenced team cohesiveness. In addition, team cohesiveness positively affects employee performance and mediates the relationship between transformational leadership and performance and between work flexibility and performance.

Conclusions: This study emphasizes the importance of team cohesiveness in enhancing employee performance in the public sector. Leadership practices and flexible work arrangements are more effective when supported by cohesive team environments.

Limitations: This study is limited to the employees of Direktorat Jenderal Pengawasan Sumber Daya Kelautan dan Perikanan (Ditjen PSDKP), which may restrict the generalizability of the findings to other organizational contexts.

Contributions: This study provides empirical evidence of the mediating role of team cohesiveness and offers practical implications for policymakers and leaders to enhance performance and employee well-being through transformational leadership and flexible work arrangements.

Training, Coaching, Feedback: Trust-Based Engagement, Public Value in Public Organizations: Integrative Review

2026-02-09T16:30:41+07:00

Purpose: This integrative review synthesizes evidence on how multi-component leadership development (training, coaching/mentoring, and structured feedback/action learning) shapes leader micro-behaviors that build employee engagement in public organizations and how engagement contributes to employee performance and public value.

Methodology: We reviewed 30 peer-reviewed journal articles (2016–2025) retrieved from Scopus, Web of Science, ProQuest, Google Scholar, and publisher platforms. Studies were screened for public and quasi-public settings and retained only when a variable Digital Object Identifier (DOI) was available for them.

Results: Four patterns emerged. First, bundled interventions are more likely to produce sustained behavioral transfer than stand-alone training. Second, micro-behavior’s goal clarification, coaching conversations, empowering delegation, inclusive voice, and ethical transparency create job resources, psychological safety, and trust that activate engagement. Third, engaged employees exhibit higher task and adaptive performance, thereby enhancing service quality, innovation, and reform implementation. Fourth, digital governance and transparency initiatives amplify the engagement–public value link when accountability routines and performance information are credible, but severe resource constraints weaken this translation.

Conclusions: Leadership development should be designed as a continuous system embedded in work routines and evaluated using multilevel indicators from leader behavior change to engagement, performance, and public value.

Limitations: This review was limited to English-language journal articles with DOI links and did not estimate pooled effect sizes.

Contributions: This review proposes the Leadership Development-Engagement-Public Value (LDEP?V) model and research propositions to guide future testing in resource?constrained public organizations.

Why Customers Stay: A Push–Pull–Mooring Perspective on Online Food Delivery Loyalty

2026-04-01T07:45:53+07:00

Purpose: This study examines the effects of service quality as a push factor and price perception of alternatives as a pull factor on customer loyalty in Online Food Delivery (OFD) services, with switching costs acting as a mooring factor within the push–pull–mooring framework.

Research Methodology: This quantitative study involved 290 OFD users in Indonesia who had used at least two platforms and made at least three transactions in the last 30 days. Data were collected through an online survey and analyzed using partial least squares structural equation modeling.

Results: The results show that service quality has a positive and significant effect on customer loyalty, indicating that better service performance increases users’ intention to continue using and recommending the platform. The price perception of alternatives does not significantly affect customer loyalty, suggesting that price alone does not determine loyalty in OFD services. Switching costs have a positive and significant influence on customer loyalty, meaning that perceived financial, procedural, and psychological costs of switching encourage users to remain with their current platform. The moderating role of switching costs does not strengthen the relationship between service quality and customer loyalty and does not significantly moderate the relationship between the price perception of alternatives and customer loyalty.

Conclusions: Customer loyalty to OFD services is primarily driven by service quality and switching barriers rather than price considerations.

Limitations: This study relied on self-reported survey data and focused on urban respondents in Indonesia.

Contributions: This study extends the push–pull–mooring framework to explain customer loyalty in the OFD industry.

Challenging the Industry Effect: Evidence of Fundamental Risk Heterogeneity Across Sectoral and Industry Tiers

2026-04-08T13:23:51+07:00

Purpose: The study challenges the industry effect concept by analysing total volatility and idiosyncratic risk in the firms listed in the Indonesia equity market to investigate whether firms in the same sector industry share similar risk profiles.

Methodology: While previous work has largely focused on the time series of average idiosyncratic volatility, the study uses a novel cross-sectional approach to identify industry-wide mispricing in the normalisation of both total and idiosyncratic volatility, by using data from 601 publicly traded firms in the Indonesia Equity Market (IDX) and several robust statistical tests, including the Coefficient of Variance, the Shapiro-Wilk Test for Data Normality, the Kruskal-Wallis H test, and Levene's Test.

Result: The findings show significant variation across industries, with coefficients of variation for total volatility and idiosyncratic risk at the market level higher than typically observed in homogeneous groups. Deviating from the traditional Structure-Conduct-Performance (SCP) view.

Conclusions: This study found that the traditional Structure-Conduct-Performance (SCP) model is too simple to capture how firms really behave, especially when compared to the Resource-Based View (RBV) using modern risk analysis.

Limitations: The study focuses on standard deviation and STEY X as measures of risk and does not cover other external factors, such as macroeconomic or geopolitical factors.

Contributions: The results contribute to the existing capital market literature by providing empirical evidence that challenges the traditional concept of the industry effect, showing that sectoral and industry classifications fail as measures of firm risk profile.

Employee Performance Evaluation at PT WIKA Based on Service Quality and Customer Satisfaction

2026-05-04T15:13:27+07:00

Purpose: This study aims to evaluate customer satisfaction with employee performance at PT WIKA based on service quality dimensions using Service Quality (SERVQUAL) and Multi-Objective Optimization on the Basis of Ratio Analysis (MOORA) based decision support system approaches.

Research Methodology: This study employed a quantitative descriptive method by integrating SERVQUAL with the MOORA decision-support system. Data were collected through questionnaire-based surveys distributed to 100 PT WIKA customers using 20 service quality indicators representing the tangibility, reliability, responsiveness, assurance, and empathy dimensions. The analysis compared customer perception and expectation scores to identify satisfaction gaps and determine the priority service dimensions.

Results: The findings revealed that the average SERVQUAL satisfaction ratio was 1.01, indicating that overall service performance generally met customer expectations. A total of 14 out of 20 indicators (67%) were categorized as satisfactory, while six indicators (33%) remained unsatisfactory. Furthermore, the MOORA analysis identified reliability as the most dominant service quality dimension contributing to customer satisfaction and employee performance evaluations.

Conclusions: Overall, customers were satisfied with the employee performance at PT WIKA. However, several indicators related to responsiveness and service consistency require improvement to enhance customer satisfaction.

Limitations: This study was limited to a single company and a specific customer sample, which may reduce the generalizability of its findings. In addition, the weighting process in the MOORA method is determined subjectively.

Contributions: This study contributes to service quality and human resource management literature by integrating SERVQUAL and MOORA in evaluating employee performance and supporting service improvement decision-making

Tax Digital Management, Human Resource Competencies, and Entrepreneurial Resilience in the Industry 4.0 Era

2025-09-08T10:35:47+07:00

Purpose: This study aims to partially and simultaneously analyze the influence of Digital Tax Management (X?) and Human Resource (HR) Competencies (X?) on Entrepreneurial Resilience (Y) among MSMEs in Indonesia during the Industry 4.0 era.

Research Methodology: A quantitative approach was employed using a cross-sectional survey of 100 MSME actors who have adopted digital tax systems and technology-based HR tools. Data were collected via questionnaires and analyzed using multiple linear regression, t-tests, F-tests, and classical assumption tests with SPSS 24.

Results: Digital Tax Management significantly influences Entrepreneurial Resilience (t = 4.868 > 1.985; p = 0.000 < 0.05). Human Resource Competencies also show a significant effect (t = 5.671 > 1.985; p = 0.000 < 0.05). Simultaneously, both variables contribute 70% to Entrepreneurial Resilience (R² = 0.700; F = 112.790 > 3.09; p = 0.000).

Conclusions: This study highlights that Digital Tax Management and HR Competencies significantly enhance Entrepreneurial Resilience among MSMEs in Indonesia. Digital tax systems improve compliance and efficiency, while HR competencies in digital skills help businesses adapt and thrive in the face of challenges, together accounting for a significant portion of Entrepreneurial Resilience.

Limitations: The study is limited to the implementation of digital tax systems and technology-based HR competency development, with HR competencies showing a more dominant influence.

Contributions: The findings encourage MSMEs to strengthen their use of digital tax services and HR tech skills, while urging the government to broaden outreach and training to ensure inclusive digital transformation for all MSME levels.

Analysis of Factors Influencing Budgetary Slack on Provincial Government of Jakarta, Indonesia

2026-03-11T08:29:57+07:00

Purpose: This study aims to analyze the factors affecting budgetary slack, namely, budget participation, budget emphasis, and organizational commitment.

Research Methodology: This study uses a quantitative method, and selected samples were chosen based on certain criteria, namely 10 Satuan Kerja Pemerintah Daerah (SKPDs) are the largest part of Satuan Kerja Pemerintah Daerah (SKPD) of the Provincial Government of Jakarta, Indonesia. There were 80 respondents from 43 SKPDs. Smart PLS ver.4.0 was used to test validity, reliability, and hypothesis testing.

Results: The study outcomes show that budget participation and organizational commitment have significant positive effects on budgetary slack.

Conclusions: All results of this study provide benefits and advantages for the Provincial Government of Jakarta in preparing provincial revenue and expenditure budgets for future years, especially since Jakarta is no longer planned as the Capital of the Republic of Indonesia.

Limitations: The study uses a narrow sample of employees, sometimes focusing only on middle-level managers or specific SKPD, which might not represent the entire organization's behavior at Provincial Government of Jakarta, Indonesia

Contributions: This study proves that budget participation in SKPD has potential budgetary slack if it is not balanced with high SKPD commitment but can be managed by reducing excessive budget emphasis.

Financial Accounting Transformation in the Digital Era: Challenges and Opportunities for the Accounting Profession

2026-03-02T10:56:23+07:00

Purpose: This study examines how digital transformation reshapes financial accounting practices and influences the role of the accounting profession in implementing Standar Akuntansi Keuangan (SAK) in the digital era.

Research Methodology: This study employs an exploratory qualitative approach using semi-structured interviews with eight informants, consisting of accounting educators and external auditors in Makassar, Indonesia. Participants were selected through purposive sampling based on their experience with digital accounting systems. Data were analyzed using thematic analysis to identify patterns related to role changes, challenges, and opportunities in SAK implementation.

Results: The findings indicate that digital transformation does not change the substantive principles of SAK but significantly alters the mechanisms through which these standards are implemented. Financial reporting processes are increasingly integrated within digital accounting systems that automate transaction recording and enable real-time financial reporting. Consequently, the role of accountants has shifted from traditional administrative record keepers to more analytical and strategic professionals responsible for evaluating accounting systems and ensuring compliance with accounting standards.

Conclusions: Digital transformation reflects an institutional adaptation process in which technological change reshapes accounting practices without replacing existing regulatory frameworks.

Limitations: This study is limited by its small sample size and regional focus.

Contributions: This study contributes to the literature by integrating institutional theory with digital accounting transformation and explaining how regulatory, normative, and cognitive factors influence SAK implementation.

The Effect of Green Campus Branding and Employability on Private University Choice

2026-03-06T09:22:28+07:00

Purpose: This study aims to examine the effects of Green Campus Branding and Perceived Green Employability on students’ decisions to choose private universities, with Brand Trust as a mediating variable.

Methodology: The study was conducted in Bandung using a quantitative, causal explanatory design. Data were collected through an online questionnaire from 200 prospective and first-year students. Data were analyzed using Structural Equation Modeling (SEM) with Partial Least Squares (PLS) in SmartPLS.

Results: Green Campus Branding does not have a significant direct effect on university choice decisions (? = 0.110; p > 0.05), but becomes significant through full mediation by Brand Trust (? = 0.230; p < 0.001). Perceived Green Employability has a significant direct effect (? = 0.210; p < 0.05). Brand Trust also shows a strong direct effect on university choice decisions (? = 0.540; p < 0.001). The model explains 61.5% of the variance in university choice decisions (R² = 0.615).

Conclusions: Green marketing strategies are effective only when supported by strong Brand Trust.

Limitations: This study is limited to one geographic area and uses self-reported data.

Contributions: This study enriches green marketing and higher education research and provides practical insights for university marketing strategies.

Environmental, Social, and Governance and Firm Value: The Mediating Role of Financial Performance in Indonesia

2026-04-30T13:45:13+07:00

Purpose: This study investigates the impact of Environmental, Social, and Governance (ESG) performance on corporate value, with financial performance acting as an intervening mechanism, in non-financial firms listed on the Indonesian Stock Exchange.

Research Methodology: This study employs a quantitative research design using panel data from 30 non-financial firms over the period 2020–2023. ESG data are sourced from Bloomberg, while financial data are obtained from firms' annual reports. The sample is selected using purposive sampling. Data are analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), which is suitable for prediction-oriented analysis and non-normal data distribution.

Results: The findings reveal that aggregate ESG performance does not have a direct effect on corporate value. However, ESG performance significantly and positively influences financial performance, which in turn has a positive effect on corporate value.

Conclusions: This study highlights that ESG performance enhances corporate value indirectly through financial performance, emphasizing the critical role of financial outcomes as a transmission channel of sustainability practices.

Limitations: The study is limited by its focus on non-financial firms within a specific emerging market context and a relatively small sample size, which may restrict the generalizability of the findings.

Contributions: This research extends the ESG literature by providing empirical evidence on the mediating role of financial performance in emerging markets. It offers practical implications for corporate managers to strategically integrate ESG initiatives with financial objectives and informs investors and policymakers about the indirect value relevance of ESG performance.

ESG and KBV Integration for Sustainable Value Creation: A Systematic Literature Review

2026-05-06T21:41:48+07:00

Purpose: This study examines how Environmental, Social, and Governance (ESG) criteria integrate with the Knowledge-Based View (KBV) within strategic knowledge management to generate sustainable value and competitive advantage.

Research Methodology: A Systematic Literature Review (SLR) was conducted using a structured PRISMA-based protocol to identify and select relevant scientific articles. The selected studies were analyzed using thematic and narrative approaches to explore conceptual developments, empirical findings and research gaps.

Results: The findings reveal that ESG has evolved from a non-financial reporting mechanism to a strategic information system embedded in organizational knowledge processes. The results indicate diverse relationships between ESG practices and corporate performance, while highlighting key challenges, such as greenwashing, reporting inconsistencies, and limitations of global standards. ESG is a knowledge-intensive process that involves knowledge creation, retention, and dissemination.

Conclusions: This study demonstrates that the KBV framework effectively explains ESG’s role of ESG in fostering sustainable value creation and long-term competitive advantage through strategic knowledge integration.

Limitations: This study is limited to published academic literature included in the SLR process, which may exclude relevant gray literature or emerging industry practices and findings. Additionally, the findings depend on the scope and quality of the selected studies, which may affect generalizability.

Contributions: This study integrates ESG and KBV into a unified analytical framework within strategic knowledge management. It advances theoretical understanding by positioning ESG as a knowledge-based strategic resource and provides direction for future research on sustainable value creation and organizational performance.

The Role of Transformational Leadership in Improving Service Quality at Ophthalmology Clinics

2025-07-09T00:45:04+07:00

Purpose: This systematic review examines the influence of transformational leadership on service quality in ophthalmology clinics, focusing on key metrics such as clinical accuracy, efficiency, and technological adoption.

Research Methodology: A comprehensive search was conducted across PubMed, Scopus, and Web of Science for peer-reviewed studies (2010–2024) linking TL to service quality in ophthalmology or analogous specialty clinics. Data were synthesized thematically, and findings were assessed for consistency and applicability using the PRISMA guidelines.

Results: Preliminary analysis indicates that TL positively impacts service quality through (1) staff motivation to adhere to clinical protocols, (2) fostering innovation in diagnostic technologies, and (3) optimizing operational workflows to reduce delays. However, evidence specific to ophthalmology remains limited, highlighting the research gap.

Conclusions: These findings on how transformational leaders foster a work environment centered on learning, innovation, and collaboration align with the demands of modern value-based healthcare, which requires the integration of technical excellence and patient experience

Limitations: The limitations of this systematic review include potential inconsistencies due to varying definitions and measurements of transformational leadership and service quality, possible publication bias from relying solely on available published literature, restricted generalizability beyond ophthalmology clinics, and the challenge of drawing universal conclusions due to differing cultural and organizational contexts across studies.

Contributions: This study specifically focuses on ophthalmology, providing insights relevant to eye care administrators. This study bridges the gap between general leadership theory and its practical application in high-demand clinics.

The Impact of Psychology, Leadership Style, and Sustainable Human Resources on Organizational Performance

2026-01-09T08:54:04+07:00

Purpose: This study aims to analyze the influence of transformational leadership, employee psychological well-being, and sustainable HR practices on organizational performance, as well as to examine the mediating role of sustainable HR practices in this relationship.

Research Methodology: The study used an explanatory quantitative approach with a survey method involving 224 permanent employees at a manufacturing company in Batam City. Data were collected through Google Forms and analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM) with the help of the SmartPLS application.

Results: The results indicate that transformational leadership, psychological well-being, and sustainable HR practices have a positive and significant effect on organizational performance. Sustainable HR practices also mediate the relationship between transformational leadership and organizational performance, as well as between psychological well-being and organizational performance.

Conclusions: The findings indicate that transformational leadership, employee psychological well-being, and sustainable HR practices significantly influence organizational performance, with sustainable HR practices also acting as a mediating variable that strengthens the relationship between leadership and psychological factors toward organizational outcomes, resulting in a comprehensive model explaining their simultaneous effects.

Limitations: This study is limited to one manufacturing company in Batam City and uses a cross-sectional design, so it does not capture changes in variables longitudinally.

Contributions: Theoretically, this study enriches the literature on sustainable HR practices as a mediating mechanism that links transformational leadership and psychological well-being to organizational performance. Practically, the results of this study provide recommendations for management in designing sustainable work systems to improve organizational competitiveness.

E-Service Quality and Repurchase Intention: Mediating Satisfaction and Trust

2026-04-09T13:26:27+07:00

Purpose: This study investigates the influence of e-service quality on repurchase intention, considering the mediating roles of e-satisfaction and e-trust among consumers of Zalora.co.id in Banda Aceh.

Research Methodology: A quantitative survey approach was applied, with data collected through questionnaires using purposive sampling and measured on a Likert scale. The relationships among variables were analyzed using path analysis to capture both direct and indirect effects

Results: The results revealed that e-service quality does not directly affect repurchase intention. However, it significantly enhances e-satisfaction and e-trust, which, in turn, have a direct and significant impact on repurchase intention. These findings confirm that e-satisfaction and e-trust are key mediators linking e-service quality to repurchase intention.

Conclusions: This study emphasizes that improving customer satisfaction and trust is essential for strengthening repurchase intentions, rather than relying solely on service quality. Limitations: This study is limited to Zalora.co.id consumers in Banda Aceh, which may constrain the broader applicability of the findings.

Contributions: Theoretically, this study enriches the e-commerce consumer behavior literature by demonstrating the mediating mechanisms through which service quality influences behavioral intention. Practically, this study offers guidance for e-commerce platforms to focus on strategies that build trust and enhance customer satisfaction.

Digitalization, Flexibility, and Supply Chain Resilience: Examining Their Impact on MSME Supply Chain Performance

2026-02-27T14:55:54+07:00

Purpose: This study aims to examine whether digitalisation mediates the relationship between supply chain resilience and MSME supply chain performance, and whether flexibility moderates this relationship.

Research Methodology: A quantitative survey of 97 MSMEs in Magelang City was analysed using PLS-SEM (SmartPLS). Measurement validity and reliability were evaluated using standard criteria, and hypotheses were tested through bootstrapping.

Results: The results show that supply chain resilience positively affects supply chain performance. Digitalization does not mediate the relationship between resilience and performance. However, flexibility significantly strengthens the effect of resilience on performance.

Conclusions: Supply chain resilience is a key driver of MSME performance, and flexibility enhances its impact. Digitalization, however, does not function as a mediating mechanism in this context.

Limitations: The study is limited to 97 MSMEs in one city, which may restrict generalizability.

Contributions: This study contributes to the Resource-Based View (RBV) literature by clarifying the roles of resilience, digitalization, and flexibility in MSME supply chains. It also provides practical guidance for MSME managers and policymakers in improving supply chain performance.

The Role of Budgetary Control in Enhancing Corporate Financial Accountability and Transparency

2026-04-09T13:20:34+07:00

Purpose: This study examines the role of budgetary control in enhancing corporate financial accountability and transparency within organizational governance.

Research Methodology: This research uses a qualitative approach with a literature study (library research) method to analyze the data. Data were collected from peer-reviewed international journal articles published within the last ten years and analyzed using qualitative content analysis to identify the key conceptual relationships.

Results: The findings show that budgetary control plays an important role in strengthening financial accountability and transparency by supporting financial planning, monitoring, and evaluation. It also enhances managerial responsibility, improves financial reporting quality, and reduces information asymmetry, offering actionable insights into organizational practices.

Conclusions: The study concludes that budgetary control functions not only as a financial planning instrument but also as a strategic governance mechanism that promotes accountability and transparency in corporate financial management.

Limitations: This study is limited to a literature review and does not include primary empirical data.

Contributions: This research highlights the practical importance of budgetary control for managers and policymakers in strengthening governance, improving financial discipline, and supporting transparent decision-making.

Digitalization, Internal Control, and Treasurer Competence Effects on Government Financial Reporting Quality through Leadership Commitment

2026-04-30T08:18:37+07:00

Purpose: This study aims to analyze the effects of digitalization, internal control systems, and treasurer competence on government financial reporting quality, with leadership commitment as a mediating variable.

Research Methodology: This study was conducted at the Ministry of Marine Affairs and Fisheries using a quantitative explanatory approach. Data were collected through a survey questionnaire distributed to 210 respondents involved in financial management. The analysis was performed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS 4 software.

Results: The findings indicate that digitalization, internal control systems, and treasurer competence positively and significantly influence leadership commitment and the quality of government financial reporting. Among the predictors, internal control systems showed the strongest contribution to improving the reporting quality.

Conclusions: The study concludes that Higher-quality government financial reporting can be achieved through the integration of digital systems, stronger internal control mechanisms, improved treasurer competence, and sustained leadership commitment. Leadership commitment strengthens the effectiveness of organizational and technological factors in enhancing the quality of financial reporting.

Limitations: This study was limited to one central government institution and applied a cross-sectional survey design, which may reduce the generalizability of the findings to other public sector institutions.

Contributions: This study contributes to the public sector accounting literature by integrating technological, organizational, and human resource perspectives into an empirical framework. The findings also have practical implications for policymakers and government institutions in improving financial governance, transparency, and accountability.

Factors Influencing Purchase Intention of Imported Skincare Products Mediated by Brand Image

2025-11-13T15:01:48+07:00

Purpose: This study examines the effects of social media marketing, celebrity endorsement, Electronic-Word of Mouth (E-WOM), product quality, and price on purchase intention toward imported skincare products in Batam City, with brand image as a mediating variable.

Methodology: A quantitative survey involving 207 users of imported skincare products in Batam City was conducted and analysed using Structural Equation Modelling-Partial Least Squares (SEM-PLS).

Results: The findings indicate that social media marketing, E-WOM, celebrity endorsement, product quality, and price have positive and statistically significant effects on brand image (p < 0.05). Mediation analysis confirms that brand image significantly strengthens the indirect effects of these variables on purchase intention.

Conclusions: Brand image plays a key role in enhancing consumers' purchase intentions by strengthening the impact of marketing efforts and product-related factors. A positive brand image builds trust and emotional connection, influencing consumer decisions and amplifying the effects of product quality, pricing, and promotions.

Limitations: This study focuses on understanding the behaviours and preferences of consumers who purchase imported skincare products in Batam City, using a quantitative approach. By analysing numerical data, the research aims to identify key factors influencing consumer choices, such as product quality, pricing, and brand reputation, to provide insights into the demand for imported skincare products in the area.

Contributions: The study provides empirical evidence and practical insights for developing integrated marketing strategies focused on strengthening brand image.

The Investment’s Impact on Economic Growth in Indonesia Considering Inflation, Interest Rates, and Exchange Rate Dynamics

2026-03-09T08:25:52+07:00

Purpose: This study examines how inflation, interest rates, and exchange rates affect Indonesia’s economic growth, highlighting investment as a mediating factor in this relationship. It addresses gaps in prior research by analyzing both direct and indirect effects of investment on growth outcomes.

Methodology: A quantitative approach using SEM-PLS in SmartPLS 4.0 was applied to the questionnaire and macroeconomic data. The measurement and structural models were evaluated to test the relationships between macroeconomic variables and economic growth.

Results: Inflation, interest rates, and exchange rates positively influence investments, significantly enhancing economic growth. Interest and exchange rates also have direct effects on growth, whereas inflation does not. Investment fully mediates the inflation–growth relationship and partially mediates the effects of interest and foreign exchange rates.

Conclusions: Investment plays a critical role in linking macroeconomic conditions to economic growth, emphasizing its importance in policy strategies. Stable macroeconomic conditions contribute to investment growth, which, in turn, fosters economic expansion.

Limitations: The study relies on cross-sectional and perception-based data, and future research should consider longitudinal and sectoral analyses to capture dynamic effects.

Contributions: This study offers new insights into the mediating role of investment in Indonesia’s economic growth, providing both theoretical and policy implications that can guide future economic strategies.

Comparative Analysis of Stock Valuation Models in Indonesian Shipping Companies

2026-02-23T13:35:43+07:00

Purpose: This study comparatively examines the effectiveness of three widely used stock valuation models in explaining the stock prices of shipping companies listed on the Indonesian Stock Exchange, with the aim of providing insights into their applicability and relevance in the context of the Indonesian market.

Methodology: This study employed a quantitative research design using secondary panel data from Indonesian listed shipping companies from 2018 to 2023.

Results: The findings indicate that although the Earnings-Based Model (EBO) and Price-to-Earnings (P/E) models showed partial significance with limited explanatory power, the P/S model demonstrated the strongest and most consistent influence on stock prices.

Conclusions: Although the EBO model showed an extremely high Adjusted R², it indicated unrealistic overvaluation, while the P/E model had limited explanatory power. Overall, the P/S model is the most appropriate and representative model for valuing Indonesian shipping stocks.

Limitations: This research is limited to shipping companies listed in Indonesia during the 2018–2023 period and relies solely on quantitative secondary data, which may not capture broader macroeconomic or industry-specific external factors.

Contributions: This study enriches the capital market literature by providing sector-specific empirical evidence of the comparative performance of valuation models in an asset-intensive and cyclical industry.

Investment Spillover Impact of The Jakarta Mass Rapid Transit Project: An Inter-Regional Input Output Analysis

2026-04-07T15:03:24+07:00

Purpose: This study analyzes the economic spillover effects of investment in the Jakarta Mass Rapid Transit (MRT) project using an Inter-Regional Input Output (IRIO) approach. The analysis integrates realized investment from Phase I and projected investment from Phase II to capture both ex-post and ex-ante economic impacts across sectors and regions.

Research Methodology: Using Indonesia’s IRIO table with 34 provinces and 17 sectors, this study estimates the multiplier effects on output, value added, and employment, while explicitly accounting for interregional leakages and production linkages.

Results: The results indicate that MRT investment generates substantial economic impacts that are highly concentrated in DKI Jakarta. Interregional spillover effects to other provinces are present but relatively limited, reflecting Jakarta’s dominant intra-regional supply chains and strong agglomeration economies. The employment impact analysis shows that MRT investment creates jobs with the largest employment gains occurring in business services, construction, and wholesale–retail trade sectors.

Conclusions: These findings confirm that urban rail infrastructure functions as a highly localized growth catalyst, strengthening metropolitan economic structures rather than evenly distributing benefits across regions.

Limitations: The investment data used in this study only comes from grant and loan data from the Japan International Cooperation Agency (JICA) managed by Investment Treasury Office.

Contributions: The study contributes to the literature by applying an IRIO framework to a large-scale urban transport project in Indonesia, providing empirical evidence on the magnitude and spatial distribution of infrastructure spillovers.

Human Resource Management Practices and the Performance of Village-Owned Enterprises: A Qualitative Study

2026-04-29T13:15:13+07:00

Purpose: This study aims to provide an in-depth understanding of how Human Resource Management (HRM) practices are enacted within Village-Owned Enterprises (VOE) and how these practices shape organizational performance in a rural context. Specifically, this study seeks to explore the ways in which recruitment practices, competency development, leadership, motivation, and managerial commitment are implemented in the management of VOE and how these practices are experienced by key organizational actors.

Research Methodology: This study employs a qualitative case study approach conducted in selected villages in Lebak Regency, Indonesia. Data were collected through in-depth interviews with VOE managers, village government officials, village supervisory bodies, and district-level officials from the Village Community Empowerment Office, complemented by observations and document analysis.

Results: The findings reveal that VOE performance is constrained by interrelated HRM problems, including non?competency-based recruitment practices, limited training and capacity-building support particularly in core business development and financial management and weak supervisory roles of village institutions. These conditions result in limited managerial competence, weak organizational learning, and reduced accountability.

Conclusions: The study concludes that VOE performance is fundamentally shaped by human resource capacity and governance processes rather than purely financial or structural factors.

Limitations: This study is limited to selected cases in one district and relies on qualitative data, which may limit generalizability.

Contributions: This study contributes to applied management literature by providing contextual qualitative insights into HRM practices in village-owned enterprises and offering practical implications for policy institutions and village managers.

Institutional Ownership as Boundary Condition of Green Innovation and Firm Value in ASEAN

2026-06-11T09:54:44+07:00

Purpose: This study examines the effect of financial performance on firm value with Green Innovation as a moderating variable and investigates the boundary role of Institutional Ownership as a second moderator (moderated moderation framework) in the ASEAN energy sector.

Research Methodology: A balanced panel dataset of 76 energy sector companies listed in six ASEAN countries (Indonesia, Malaysia, Thailand, the Philippines, Vietnam, and Singapore) for the period 2019–2024, yielding 456 observations, was utilized. Data were collected from Refinitiv.

Results: Without green innovation, financial performance ROA has a significant negative effect on firm value (? = ?0.0713, p = 0.0484). Green innovation significantly and positively moderated this relationship (? = +0.1125, p = 0.0035). Institutional ownership is confirmed to be a critical boundary condition (? = +0.1565, p = 0.0000). Green innovation signals are activated only when institutional ownership exceeds 70.73%.

Conclusions: This study confirms the profitability paradox in the ASEAN energy sector: high profitability driven by geopolitical shocks does not enhance firm value unless it is accompanied by green innovation. Institutional ownership functions as an essential activation point that enables markets to interpret and value sustainability efforts.

Limitations: The sample is confined to six ASEAN countries and relies on Refinitiv and sustainability reports, which may not fully capture the differences between strategic and substantive green innovations.

Contributions: This study extends Signaling Theory by introducing institutional ownership as a signal receiver capacity', demonstrating that green innovation value creation requires a critical concentration of institutional monitoring (threshold: 70.73%).

Building Gen Z Trust Through Syariah User-Generated Content

2025-08-03T13:56:47+07:00

Purpose: This study explores the influence of Sharia-compliant User-Generated Content on social media on Generation Z consumer trust, focusing on students at Universitas Panca Sakti Bekasi as a representation of Indonesian Gen Z.

Research Methodology: The research applies a quantitative method by distributing questionnaires to ninety-seven respondents. The purpose of this study is to understand how Islamic values reflected in digital content shape trust among young Muslim consumers.

Results: The analysis using multiple linear regression revealed that the intensity of interaction with Sharia UGC and the credibility of content creators had a significant positive influence on consumer trust, while content quality showed no significant effect. Altogether, these three variables contribute to explaining the dynamics of consumer trust among Gen Z.

Conclusions: Sharia UGC plays a vital role in shaping trust, highlighting that industry players should prioritize engagement and credibility rather than focusing solely on content quality.

Limitations: This study suggests the need for broader future studies. This research contributes to the literature by providing references for sustainable exploration in Sharia digital marketing.

Contributions: This study highlights the importance of encouraging engagement and credibility in digital marketing strategies to increase Gen Z's trust in halal products in the digital era.

Integrating Sustainability into Community-Based Blue Accounting: Evidence from East Kalimantan’s Coastal Tourism

2026-03-09T10:07:35+07:00

Purpose: This study investigates how sustainability principles are integrated into community-based blue accounting practices across coastal tourism sites in East Kalimantan, Indonesia. While sustainability accounting has been widely discussed at the national and corporate levels, limited studies have explored how these concepts emerge in grassroots tourism governance.

Research Methodology: The study adopts an interpretive qualitative case study approach involving three destinations: Pantai Lamaru (Balikpapan), Bontang Kuala (Bontang), and Pantai Panrita Lopi (Muara Badak). Data were collected through interviews, observations, and document analyses.

Results: The findings revealed that sustainability is manifested through environmental stewardship, community empowerment, and cultural preservation. Each site has informal but functional reporting systems that reflect transparency, participation, and collective accountability. Although blue accounting has not yet been implemented, several elements of blue accounting, such as participatory reporting, environmental monitoring, and community accountability, are already practiced informally. These practices demonstrate how local communities embed sustainability values in tourism governance and financial decision-making.

Conclusions: Sustainability values serve as an underlying driver of community-based reporting and participatory governance, indicating the early formation of blue accounting elements within grassroots tourism contexts and highlighting the need for institutional support to strengthen future formalization of blue accounting.

Limitations: The research focused on three sites in one province and used qualitative data, limiting generalization.

Contributions: This study contributes to the sustainability accounting literature by demonstrating that grassroots tourism governance can serve as an early form of blue accounting in developing coastal regions.

The Role of Islamic Organizational Culture on the Performance of Islamic Bank Employees

2026-02-20T08:14:03+07:00

Purpose: The aim of this research was to determine how the influence of Islamic organizational culture on the performance of Islamic bank employees in Riau Province

Methodology: This research employs a simple regression analysis with the population of all Islamic bank employees in Riau Province, while the research sample was 353 using the Slovin Formula.

Results: The results of this study concluded that Islamic Organizational Culture has a significant effect on the performance of Islamic bank employees in Riau Province.

Conclusions: This study confirms that Islamic organizational culture, grounded in the fundamental principles of tawhid, khilafah, and ‘adl, plays a substantial role in shaping employee performance. These values not only function as ethical guidelines but also foster responsibility, accountability, and commitment to work, which ultimately enhances overall performance outcomes in Islamic banking institutions.

Limitations: This research has limitations in using more comprehensive Islamic variables and methods to determine the factors affecting Islamic bank employee performance.

Contributions: This study empirically supports Islamic organizational culture as a significant determinant of employee performance in Sharia-based banking institutions and provides quantitative evidence from Islamic banks in Riau Province.

Auditing Climate-Related Risk: Challenges to Auditor Independence and Professional Skepticism

2026-03-02T10:58:05+07:00

Purpose: This study examines how climate-related risk is identified and assessed in financial statement audits and analyzes its implications for auditor independence and professional skepticism within a risk-based auditing framework in regional Public Accounting Firms in Indonesia.

Methodology: This qualitative exploratory study was conducted through semi-structured interviews with four auditors from regional Public Accounting Firms in Makassar, Indonesia, each with a minimum of three years of audit experience. Document analyses of International Standard on Auditing (ISA) 200, ISA 315, and ISA 540 complemented the interviews. Thematic analysis was employed to identify recurring patterns in risk assessment, professional judgements, and responses to climate-related uncertainty.

Results: The findings reveal three dominant themes: (1) climate-related risk is primarily incorporated into the entity-level risk assessment stage; (2) its classification as a material misstatement risk remains inconsistent; and (3) climate-related accounting estimates significantly increase reliance on management assumptions, thereby intensifying challenges to auditor independence and professional skepticism. The integration of climate risk remains largely principle-based and dependent on judgment rather than on structured technical guidance.

Conclusions: This study demonstrates that climate-related risk reshapes inherent risk assessment and expands the behavioral dimensions of auditing practice in regional contexts. The findings highlight the need for more operational guidance to support the consistent integration of climate considerations within risk-based auditing.

Limitations: This study is limited to a small sample of regional auditors and relies on qualitative perceptions.

Contributions: This research contributes to auditing literature by empirically illustrating how climate-related risk affects professional judgment, independence, and skepticism in emerging regional audit environments.

Marketing Strategy, Social Media, and Product Innovation Effects on Loyalty at Kopi Kenangan

2026-04-16T11:10:38+07:00

Purpose: The impact of marketing strategies, social media, and product innovation on customer satisfaction, loyalty, and purchasing decisions, with brand trust serving as an intervening variable in the context of Kopi Kenangan, was examined in this study.

Methodology: In this research, a quantitative approach employing the Structural Equation Modeling–Partial Least Squares (SEM-PLS) technique was utilized, and the data were analyzed using the SmartPLS 4 application. Data were collected through questionnaires administered to 100 active consumers of Kopi Kenangan.

Results: The study found that Brand trust was significantly and positively influenced by marketing strategies, social media, and product innovation. Additionally, brand trust significantly affects consumer satisfaction, loyalty, and purchasing decisions.

Conclusions: This study concludes that brand trust plays a central role in enhancing customer satisfaction, loyalty, and purchase decisions. Effective marketing strategies, active social media use, and continuous product innovation are crucial for fostering brand trust and, consequently, boosting consumer behavior.

Limitations: The study is limited by its focus on Kopi Kenangan with a sample of 100 respondents, which may not fully represent the broader market. Further studies should expand the sample size and consider other brands for generalizability.

Contributions: A theoretical contribution to the understanding of the relationship between marketing strategies, social media, product innovation, and brand trust is provided by this study. Practical insights for businesses seeking to strengthen consumer loyalty and improve purchasing decisions through targeted marketing and innovation strategies are also offered.