International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)

IMPACT OF MACRO-ECONOMIC VARIABLES ON STOCK MARKET CAPITALIZATION AND VOLATILITY: EVIDENCE FROM THE CAPITAL MARKET OF BANGLADESH

Md. Mehedi Hasan — 2025-06-07

This paper explores the factors affecting Stock Market Volatility (SMV) and Stock Market Capitalization (SMC) through Ordinary Least Squares (OLS) regression analysis from 2001 to 2022. The analysis indicates that trade volume and market return (MR) have a significant impact on SMV, while market capitalization, trade openness, and inflation do not show notable effects. In terms of SMC, trade openness and domestic credit to the private sector are identified as significant positive determinants. In contrast, gross fixed capital formation is found to have a negative relationship with SMC. These insights improve the understanding of stock market dynamics and could inform policy measures aimed at enhancing market stability and growth.

ENHANCING CORPORATE BANKRUPTCY PREDICTION MODELS: A COMPREHENSIVE ANALYSIS WITH EVIDENCE FROM THE EGYPTIAN STOCK MARKET

Mahmoud Elsayed Mahmoud — 2025-06-07

Accurately predicting corporate bankruptcy and financial failure is crucial for financial institutions, creditors, and other stakeholders engaged in credit transactions. This study investigates the effectiveness of accrual-based, cash flow-based, and hybrid models in predicting financial distress among companies listed on the Egyptian stock market. Utilizing Multiple Discriminant Analysis (MDA), the research develops three predictive models, each based on different sets of financial ratios. The cash flow-based model correctly classified 90.0% of original cases, while the accrual-based model demonstrated higher accuracy with a 96.7% classification rate. However, the hybrid model, which integrates both accrual and cash flow ratios, outperformed both, achieving a perfect 100% classification accuracy. These findings suggest that hybrid models provide superior predictive accuracy, offering a more comprehensive early warning system for bankruptcy. The study’s primary limitation is its small sample size, which may affect the generalizability of the results. Future research should consider expanding the dataset and including a more diverse range of companies to enhance the robustness and applicability of the findings.

ANALYSIS OF THE IMPLEMENTATION OF NON-PROFIT FINANCIAL REPORTING BASED ON ISAK 35

Nurazizah — 2025-06-11

This study aims to analyze the application of non-profit financial reporting based on ISAK 35 at Miftahul Khair Mosque, Bontonompo District, Gowa Regency. The research method used is descriptive qualitative with a case study approach. Data were collected through interviews, observations, and documentation. The results show that the financial reporting of Miftahul Khair Mosque is still very simple, covering only cash inflows, outflows, and cash balances. The implementation of ISAK 35 has not been fully applied, so the financial reports prepared do not meet the applicable accounting standards. This study recommends the need to improve transparency and accountability in mosque financial management by fully implementing ISAK 35.

AN EMPIRICAL ANALYSIS OF THE EFFECT OF CORPORATE GOVERNANCE ON THE FINANCIAL PERFORMANCE OF DEPOSIT MONEY BANKS IN NIGERIA

Bamidele Vincent Olawale — 2025-06-11

The research investigated the impact of corporate governance on the financial performance of deposit banks in Nigeria. The study specifically investigates the impact of audit committee effectiveness on the return on assets of selected deposit money banks in Nigeria, analyzes the influence of board committee meeting frequency on the return on assets of these banks, and examines the effect of board committee size on the return on assets of the selected deposit money banks in Nigeria. Purposive sampling was employed to choose five (5) deposit money banks in Nigeria. Data were collected from the published audited annual financial statements of the selected Deposit Money Banks listed in the Nigeria Exchange Group Factbook over a 10-year period, from 2013 to 2024. This research employed descriptive and inferential analysis through correlation analysis and panel regression estimates. A Hausman test was performed to determine the most consistent estimation method, revealing that the fixed effect model is the most appropriate for the analysis. The findings indicated a coefficient and probability of 0.0032 and 0.2133 (p > 0.05) for ACEFF, suggesting that audit committee effectiveness exerted an insignificant positive influence on financial performance. The findings indicated a coefficient of 0.0014 and a probability of 0.4776 (p > 0.05) for BMEET, signifying that the board meeting exerted an insignificant positive influence on financial performance. The results indicate a negative and insignificant relationship between BSIZE and ROA, with a coefficient of -0.0014 and a p-value of 0.6000. The study determined that audit committee effectiveness (ACEFF) and board meetings (BMEET) exerted a positive yet insignificant influence on the return on assets (ROA) of the chosen deposit money banks. The study indicates that listed deposit money institutions should meticulously comply with the mandated board size to enhance financial performance.

THE EFFECT OF RECEIVABLES TURNOVER AND CURRENT RATIO ON PROFITABILITY IN MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE FOR THE PERIOD 2021-2023

Yunita Delfin Sihombing — 2025-06-16

Profitability is a fundamental component in reviewing the success of management in managing the company's financial performance. The purpose of this study is to examine whether the receivables turnover and current ratio (CR) have an effect on profitability. The population of this study is manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2023 period. The sample of this study is 25 companies that are determined through a quantitative approach method using data in numerical form which is collected through secondary data processing, namely financial statements that are published and can be accessed through the IDX Data collection technique from the IDX website, namely www.idx.co.id. Through the results of the study, it was found that the turnover of receivables does not have a significant influence on profitability and CR has a significant influence on profitability for Manufacturing Companies listed on the IDX in 2021-2023.

EARNINGS OPACITY ON SHARE PRICE ANNUALIZED VOLATILITY AMONG QUOTED NON-FINANCIAL COMPANIES AT NAIROBI SECURITIES EXCHANGE

Stephen Ndirangu Maina — 2025-06-21

The study examined the effect of earnings opacity on share price annualized volatility among non-financial companies quoted at Nairobi Securities Exchange. Earnings opacity is a measure that reflects how little information there is in a firm’s earnings number about its true, but unobservable, economic performance. The study was guided by pragmatic research philosophy and adopted a quantitative research design to evaluate earnings opacity and share price annualized volatility among quoted non-financial firms at Nairobi securities exchange. A census study of 39 non -financial companies quoted at the NSE was employed, of which 33 met data requirements. The study used secondary data from audited annual financial reports of the quoted firms for twenty years, from January 2003 through December 2022. The data collected was analysed using descriptive and inferential statistics. The hypothesis that there is no significant effect of earnings opacity on share price annualized volatility among quoted non-financial companies at Nairobi Securities was tested at a 95% confidence interval using t-statistic and p-value. The study used panel data Ordinary Least Square method technique for research analysis. Panel regression analysis using random effects model was conducted after necessary normality, model specification, homoscedasticity, linearity and autocorrelation diagnostic tests. Weighted Least Squares (WLS) is the preferred model for correcting heteroscedasticity and improving model fit. Findings show that earnings opacity had a significant effect (p = 0.00014, R² ≈ 0.022) on share price annualized volatility, among quoted non-financial firms at the Nairobi Securities Exchange. The findings provide critical insights for investors, regulators, and policymakers seeking to enhance market transparency and reduce informational risk in emerging capital markets.

ORGANIZATIONAL SUPPORT AND CUSTOMER SERVICE EFFICIENCY IN THE HOSPITALITY SECTOR IN NIGERIA

Samuel Adedoyin — 2025-06-21

This study investigated the influence of perceived organizational support - specifically employer, supervisor, and coworker support - on customer service efficiency within hospitality organizations in Nigeria. Using cross sectional research design and with data elicited from a sample of 252 respondents, the study employed descriptive and inferential analyses to evaluate the relationship between various support dimensions and service delivery outcomes. The results reveal that all three forms of organizational support contribute positively to customer service efficiency, with supervisor and coworker support emerging as particularly strong predictors. While employer support was slightly lower in perception, its role remains critical in shaping employee engagement and service behavior. These findings highlight the need for organizations to adopt a holistic support strategy that integrates formal institutional backing with interpersonal dynamics. The study underscores the importance of nurturing a supportive work environment to enhance customer-facing performance and recommends further exploration of contextual factors that may moderate these relationships.

SUPPLY CHAIN MANAGEMENT INFORMATION SYSTEM IN RESTAURANT BUSINESS: ANALYSIS AND CASE STUDY IN PANGKEP REGENCY SOUTH SULAWESI

Wiwiek Hidayati — 2025-06-22

Supply Chain Management (SCM) has evolved into a fundamental element of modern business strategy, extending beyond the manufacturing sector to encompass the service and retail industries. SCM involves the application of management science and practice throughout the supply chain, aimed at achieving competitive advantage amid intense industry competition. In an increasingly digitalized business landscape, SCM is no longer focused solely on the physical movement of products and financial flows. This study aims to analyze and understand the life experiences of owners and managers of micro, small, and medium enterprises (MSMEs) restaurants in Pangkep Regency related to supply chain management and adopting supply chain management information systems (SCMIS). The background of the study reveals a gap between the 'Sollen' of efficient SCMIS and the 'Sein' of MSME restaurants, which still face various operational and financial challenges due to limited technology and manual processes. This study identifies the need for an in-depth understanding of the challenges and opportunities for adopting SCMIS from the subjective perspective of MSME actors. This study used a qualitative approach, descriptive phenomenological design, and Interpretative Phenomenological Analysis (IPA) data analysis with Saldana coding techniques supported by NVivo software; this study involved 20 informants from MSME restaurants in Pangkep Regency. The research findings present themes that emerge from the informants' experiences and are visualized in a flow relationship framework. The main contribution of this study lies in providing a rich and nuanced understanding of the dynamics of technology adoption in the context of MSME restaurants, which can be the basis for practical recommendations and the development of more relevant policies.

THE INFLUENCE OF COMPANY SIZE, LEVERAGE, AND GOOD CORPORATE GOVERNANCE ON THE COMPANY'S VALUE IN GO PUBLIC BANKING

Eni Puji Astuti — 2025-06-22

This study aims to examine the influence of company size, leverage, managerial ownership, and institutional ownership on firm value in publicly listed banking companies in Indonesia. This research applies a quantitative approach using panel data regression. The study includes 20 banking firms listed on the Indonesia Stock Exchange from 2017 to 2023, generating 140 firm-year observations. The common effect model was selected based on Chow, Hausman, and Lagrange Multiplier tests. The results indicate that company size has a significant positive effect on firm value, while leverage has a significant negative effect. Managerial ownership shows no significant effect, whereas institutional ownership surprisingly demonstrates a significant negative impact. These findings challenge the conventional expectations of ownership structures enhancing firm value, suggesting potential agency issues or ineffective monitoring mechanisms. The results suggest that corporate governance practices, especially related to institutional ownership, may not always lead to enhanced firm value. Stakeholders and regulators should reassess the effectiveness of ownership structures in the banking sector and promote governance reforms tailored to local market dynamics. This research contributes to the literature by offering empirical evidence from the Indonesian banking sector, an emerging market, and by challenging the presumed benefits of institutional ownership for enhancing firm value.

EARNINGS MANAGEMENT THROUGH THE LENS OF DEFERRED TAX AND TAX PLANNING: AN EMPIRICAL STUDY

Agustine Dwianika — 2025-06-22

This research aims to analyze the influence of deferred tax expense and tax planning on earnings management in healthcare sector companies listed on the Indonesia Stock Exchange during the period 2018–2024. The study employs panel data regression to examine the relationships between the variables. The research findings indicate that dividend policy has a significant positive effect on earnings management, while both deferred tax expense and tax planning also show a significant positive relationship with earnings management. These results suggest that companies may use tax-related strategies, including the deferral of tax obligations and planning of tax payments, as tools to manage reported earnings. This study contributes to the growing literature by providing insights for practitioners, regulators, and academics into how tax-related components and dividend policy can influence earnings management behavior in the healthcare industry. The practical implication of this research emphasizes the need for careful integration of tax considerations in dividend policy decisions to reduce the risk of opportunistic earnings management.

THE INFLUENCE OF LEADERSHIP STYLE, WORK DISCIPLINE AND COMPETENCE TO EMPLOYEE PERFORMANCE IN PT. PERKEBUNAN NUSANTARA III (PERSERO) MEDAN

Zuwita Winasari Sitanggang — 2025-06-23

This study is intended to explore how the influence of leadership style, work discipline level, and employee competence on work performance within PT. Nusantara III Plantation (Persero) Medan. Using a quantitative approach, data was obtained through the distribution of questionnaires to 106 employees as research participants. The findings of the study indicate that a leadership style that creates an open communication space, involves employees in the work process, and provides consistent guidance, is able to build a more productive work atmosphere. High work discipline can be seen from adherence to company procedures, accuracy in completing responsibilities, and compliance with internal regulations also show a close relationship with improving individual performance. These three aspects, when carried out synergistically, play an important role in encouraging the effectiveness of employee work in the organization. Meanwhile, competencies, which include technical skills, mastery of science, and professional work attitudes, have proven to be important drivers in supporting employee effectiveness. This research provides input for the management of PT. Perkebunan Nusantara III (Persero) Medan to continue to strengthen adaptive and humanist leadership capacity, encourage the creation of a culture of discipline in the work environment, and provide continuous training to improve the competence of human resources.

IN-KIND AND/OR ENJOYMENT TAXES PROVIDE FAIR INCOME TAX TREATMENT FOR EMPLOYEES

Endah Purnama Sari Eddy — 2025-06-23

Regulations regarding income tax on in-kind and/or enjoyment are now explained in detail in PMK No. 66 of 2023. These regulations are closely related to employees who are the most valuable asset in helping the company to be productive so that it can generate profits. The implementation of this policy caused controversy among the community. Some parties consider this policy as an excessive step by the government in optimizing tax revenue, while the government emphasizes that the regulation aims to clarify legal aspects and bring justice in the treatment of income tax for employees. This study aims to find out the community's response to in-kind and/or enjoyment tax policies that are considered to be aimed at creating tax justice for workers. The quantitative approach is used by the survey method to employees working in the city of Bandung. This research shows that in-kind and/or enjoyment taxes are not considered fair by most employees.

COMPARATIVE STUDY OF FINANCIAL AND ENVIRONMENTAL PERFORMANCE: INDONESIAN AND SINGAPOREAN E-COMMERCE COMPANIES

Eko Prasetyo — 2025-06-23

This study aims to analyze and compare the financial performance and environmental performance between local Indonesian e-commerce companies and foreign companies from Singapore operating in Indonesia. This study uses a mixed method, namely a quantitative approach with statistical analysis in the form of ANOVA One-Way test and Post Hoc Test on financial ratios (liquidity, profitability, solvency, and activity) as well as a qualitative approach through the analysis of the content of financial statements and sustainability reports based on Global Reporting Initiative (GRI) standards. The data used are derived from financial statements and sustainability reports for 2021–2023. The population of this study is e-commerce companies operating in Indonesia. The sample from this study is that ASEAN e-commerce companies operating in Indonesia have gone public both on the IDX and foreign stock exchanges, and have audited financial statements during 2021-2023. The results show that there are significant differences in several financial ratios between Indonesian and Singaporean companies. Foreign companies tend to have more efficient financial performance in terms of capital and asset management, as well as higher levels of environmental performance disclosure. This research contributes to the development of cross-border comparative literature in the digital sector, as well as being a practical reference for regulators and industry players in improving transparency and sustainability of company operations.

THE ROLE OF ISO 31000 RISK MANAGEMENT IN MODERATING THE INFLUENCE OF THE MANAGEMENT CONTROL SYSTEM AND LEADERSHIP STYLE ON FINANCIAL PERFORMANCE AT PT. ANGKASA PURA I AND II (PERSERO) PERIOD 2020 – 2023

Yudhistira Saputra — 2025-06-23

Changing dynamic business environments require companies to optimize management control systems (SPM), leadership styles, and risk management based on ISO 31000 to maintain financial performance. This study aims to analyze: (1) the influence of SPM and leadership style on financial performance, and (2) the role of ISO 31000 risk management moderation in strengthening the relationship with contingency theory as a theoretical basis to explain the interaction between variables in the context of environmental uncertainty. The study used a quantitative method with primary data from 147 respondents taken through purposive sampling techniques. Data analysis was carried out by Moderated Regression Analysis (MRA) processed with SPSS 25 software. The results of the study showed that the Management Control System (SPM) had a significant positive effect on Financial Performance, Leadership Style had a significant positive effect on Financial Performance, ISO 31000 Risk Management moderated the relationship between the Management Control System on Financial Performance, and ISO 31000 Risk Management could not moderate the relationship between Leadership Style and Financial Performance.

THE INFLUENCE OF FINTECH PAYMENT, ACCOUNTING KNOWLEDGE, AND FINANCIAL SELF-EFFICACY ON FINANCIAL MANAGEMENT BEHAVIOR

Muhammad Barik Rizqi — 2025-06-23

This study examines the influence of Financial Technology Payment, Accounting knowledge, and Financial self-efficacy on the financial management behavior of students of the Accounting Study Program at the University of Bandar Lampung. This study took a sample of 97 people who were selected by purposive sampling, data was collected through the distribution of questionnaires and data analysis methods were carried out with multiple linear regression tests assisted by SPSS version 27 application. The results of the study show that the three independent variables contribute positively and significantly to students' habits in managing their finances. Fintech Payment facilitates the transaction process and financial recording, accounting knowledge improves understanding of financial management concepts, and Financial self-efficacy encourages confidence in financial decision-making. Simultaneously, these findings highlight the importance of integrating financial technology, accounting knowledge, and self-confidence development to improve students' ability to manage personal finances.

FROM DEFERRED TAXES TO EARNINGS STABILITY: THE MODERATING IMPACT OF TAX PLANNING ON CORPORATE FINANCIAL PRACTICES

Agus Fuadi — 2025-06-29

This study aims to examine the effect of deferred tax expense on earnings management and the moderating role of tax planning in this relationship. The research data were drawn from annual financial statements of non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period, selected using purposive sampling. Panel data regression with a random effects approach was used, supported by Chow, Hausman, and Lagrange Multiplier tests. The results indicate that deferred tax expense has a significant positive impact on earnings management, suggesting that firms use the flexibility of deferred tax accounting to manipulate earnings. However, tax planning significantly moderates this relationship in a negative direction, indicating that firms with higher tax planning are less likely to rely on deferred tax expense as an earnings manipulation tool. These findings highlight the importance of monitoring tax accounting practices and ensuring transparency in tax planning to enhance financial reporting quality.

BUSINESS PROCESS OF RESERVATION, INCOME, AND EXPENSES IN WEBSITE-BASED HOMESTAY: CASE STUDY IN UTAMA HOME

Farel Salsabilla — 2025-06-29

This research aims to design a web-based integrated system to optimize the reservation, income, and expense process at Utama Home, a homestay business in Jember. The method used is qualitative with a case study approach, through direct observation and interviews with operational staff. The results of the analysis showed a number of inefficiencies in the manual system, such as overlapping bookings, delay in confirmation, and inconsistent financial records. To overcome these problems, this study uses Business Process Modeling Notation (BPMN) in designing a new system that is able to simplify operational processes, automate transaction recording, and improve real-time data access. The proposed system is designed to improve financial accuracy, accelerate decision-making, and be a sustainable digital transformation strategy for homestay operations. With the implementation of this system, Utama Home is expected to manage business processes more efficiently and professionally, while providing a better service experience for customers.

THE EFFECT OF ORGANIZATIONAL SUPPORT ON EMPLOYEE ENGAGEMENT AND JOB SATISFACTION AND EMPLOYEE PERFORMANCE AT THE YOUTH AND SPORTS OFFICE IN EAST KUTAI REGENCY

Sitti Amina — 2025-06-29

This study aims to analyze the influence of organizational support on employee engagement and job satisfaction and its impact on employee performance at the East Kutai Regency Youth and Sports Office. The method used is quantitative with the Structural Equation Modeling-Partial Least Squares (SEM-PLS) approach. The research population is all employees in the agency with proportional sampling techniques. Data was collected through questionnaires and analyzed using SEM-PLS to test the relationships between variables. The results of the study show that organizational support has a positive and significant effect on employee engagement and job satisfaction. Employee engagement and job satisfaction also contribute positively and significantly to employee performance. In addition to organizational support, it directly affects the improvement of employee performance. These findings affirm the importance of the role of organizational support in creating a conducive work environment that increases engagement and job satisfaction which has an impact on improving performance. The recommendation of this study is to strengthen organizational support policies, such as improving work facilities, reward systems, and career development, to support optimal employee performance.

BUSINESS PROCESS MODEL AND NOTATION (BPMN) DESIGN FOR A BARCODE SCANNER-BASED SALES INFORMATION SYSTEM AT THE COOPERATIVE OF THE ACCOUNTING DEPARTMENT, STATE POLYTECHNIC OF MALANG

Gracesheila Florencia Tumbelaka — 2025-06-29

This study aims to design a Business Process Model and Notation (BPMN)-based sales information system integrated with barcode scanner technology at the Cooperative of the Accounting Department, State Polytechnic of Malang. The system is developed to address inefficiencies and weaknesses in sales report control, such as the absence of real-time monitoring, lack of structured authorization, and reliance on manual documentation. A qualitative case study method was employed, involving direct observation and interviews with cooperative staff and department administrators. Data were analyzed and modeled using BPMN to visualize both current (as-is) and redesigned (to-be) business processes. The proposed system introduces features such as automated transaction recording, role-based access, and a three-layer validation process. Reports are only accessible or printable upon authorization by the Head of Department, ensuring better financial transparency and data integrity. The result is a more accountable, efficient, and user-oriented cooperative management system.

CAPITAL ADEQUACY MEETS OPERATIONAL EFFICIENCY: A DUAL APPROACH TO ENHANCING PROFITABILITY

Sindik Widati — 2025-06-29

This study aims to examine the effect of profitability on capital adequacy, with operational efficiency as a moderating variable in the banking sector. The data employed are secondary data from the annual financial reports of commercial banks listed from 2018 to 2023. A quantitative approach using panel data regression was used to test the relationships among variables. The results indicate that profitability has a positive and statistically significant effect on capital adequacy. However, operational efficiency does not significantly moderate this relationship. These findings suggest that while profitability plays a key role in capital planning, the moderating impact of operational efficiency is limited in the context of the sampled banks. This research provides insights for policymakers and bank managers on the strategic role of sustainable profitability in capital management, independent of internal operational enhancements.

THE EFFECT OF DEBT TO EQUITY RATIO AND RETURN ON ASSETS ON STOCK RETURNS IN PROPERTY COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2020-2022

Rona Bernike Br Sinuhaji — 2025-06-29

This study was conducted to test the influence of each predetermined variable, both simultaneously and partially. From a total population of 31 companies, and based on the criteria that have been set, a sample of 20 companies was obtained. This type of research is quantitative using secondary data measured on a ratio scale to be processed statistically. The analysis method used is multiple linear regression. The results of the analysis through the F test show that the Debt to Equity Ratio (DER) Return on Assets (ROA) variable simultaneously does not have a significant positive effect on stock returns. However, the results of the (partial) t-test show that DER and ROA do not have a significant influence on the stock price.

THE IMPACT OF TRADING VOLUME ACTIVITY AND EARNINGS QUALITY ON STOCK RETURN VOLATILITY: DOES MEDIA EXPOSURE PLAY A ROLE?

Isnayni Sabila — 2025-06-29

The purpose of this study is to investigate the relationship between the volatility of stock returns, trading volume activity and earnings quality, using media exposure as a moderating factor. This research is based on consumer cyclicals sector companies listed on the Indonesian stock exchange during the 2020-2022 period. Panel data regression is used to measure the relationship between trading volume activity, earnings quality, media exposure, and stock return volatility. Empirical findings from this study support that positive earnings quality can reduce stock return volatility. However, for trading volume activity, the interaction between media and trading volume activity, as well as the interaction between earnings quality and trading volume activity proved to have no effect. This study provides new insights into the role of trading volume activity, earnings quality, and media on stock return volatility. Previous research especially often ignores factors external to the firm such as the influence of media exposure. Therefore, this study explores the role of media interactions on stock return volatility.

DIGITALIZATION AND TAX REFORM AS A STRATEGY TO INCREASE TAXPAYER COMPLIANCE

Meiliyah Ariani — 2025-06-29

This study aims to determine the influence of digitalization, digital services, security, and tax reform on taxpayer compliance in the West Jakarta area. The population in this study consists of taxpayers who are registered with a Taxpayer Identification Number (NPWP) at KPP Jakarta Grogol Petamburan. The sampling method used in this study was accidental sampling, resulting in a total sample of 100 respondents. The data used in this study includes primary and secondary data. Data collection was carried out through a questionnaire in the form of Google Forms and analyzed using SPSS (Statistical Product and Service Solutions) software for Windows, version 25. The results of this study prove that digitalization, digital services, security, and tax reform have a significant influence on the compliance of individual taxpayers in the West Jakarta area. The development of digital-based tax systems, such as e-Filing, e-Billing, and online tax payment services, provides easy access, efficiency, and convenience for taxpayers. The high level of security in the tax system also increases trust and reduces concerns about the risk of data leaks. On the other hand, tax reform that focuses on simplifying procedures and transparency also strengthens taxpayers' trust in the applicable system. With the integration of technology, strengthening regulations, and improving services, the level of taxpayer compliance can continue to increase significantly and sustainably in the future. The implications of this study show that technology optimization, strengthening regulations, and improving the quality of tax digital services are important strategies in increasing taxpayer awareness and compliance in a sustainable manner.

THE INTERPLAY BETWEEN SALES GROWTH AND DIVIDEND POLICY IN ENHANCING FIRM VALUE: THE MODERATING ROLE OF TAX PLANNING

Erlina Widayanti Djatnicka — 2025-06-29

This study aims to examine the effect of sales growth and dividend policy on firm value, with tax planning as a moderating variable. The object of the research is manufacturing firms listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024. A quantitative approach was employed using panel regression analysis and Moderated Regression Analysis (MRA) to test moderation effects. The results reveal that both sales growth and dividend policy have a significant positive impact on firm value. Furthermore, tax planning significantly moderates the relationship between sales growth and dividend policy on firm value. This implies that firms implementing effective tax planning strategies are better able to enhance the value-creating potential of their operational growth and dividend decisions. The findings offer strategic insights for corporate managers and investors to integrate financial performance indicators with tax efficiency as a means to maximize shareholder wealth.

THE INFLUENCE OF EARNING MANAGEMENT, OPERATIONAL COSTS AND TAX PLANNING ON INCOME TAX PAYABLE

Hamida Hunein — 2025-06-29

This study aims to analyze how the variables of Earning Management, Operating Costs, and Tax Planning affect Income Tax Payable in Energy sector companies listed on the Indonesia Stock Exchange. The research method carried out is a quantitative research method with a panel data regression technique and the type of data used in this study is secondary data. In this study, to obtain a sample, special criteria are needed, so the purposive sampling method is used. This study has a population of 87 companies and obtained 19 company samples and the results of observations include 95 research data for five years in the 2019-2023 period. The analysis used in this study was using panel data regression with EViews 13 software. The results of the model selection test in this study show that the best model to use is the Fixed Effect Model (FEM). This study obtained results, namely simultaneously, Earning Management, Operational Costs, and Tax Planning have an effect on Income Tax of Accounts Receivable and partially, Earning Management has no effect on Income Tax of Accounts Receivable, Operational Costs affect Income Tax of Accounts Receivable, Tax Planning has no effect on Income Tax of Accounts Receivable.

FROM DISTRESS TO DISCLOSURE: UNDERSTANDING THE MODERATING ROLE OF LEVERAGE IN ACCOUNTING CONSERVATISM UNDER INFORMATION ASYMMETRY

Edi Triwibowo — 2025-06-29

This study aims to examine the effect of financial distress and information asymmetry on accounting conservatism, with leverage as a moderating variable. The study uses panel data from manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2018–2022. The research method adopts a quantitative explanatory approach, employing purposive sampling and panel data regression analysis using multiple linear regression and moderated regression analysis (MRA). The findings show that both financial distress and information asymmetry have a significant positive effect on accounting conservatism. However, leverage has a significant negative effect on conservatism, indicating that highly leveraged firms are less conservative in their reporting. Furthermore, the interaction between financial distress and leverage does not have a significant moderating effect, while leverage significantly moderates the relationship between information asymmetry and accounting conservatism. These results highlight the strategic role of conservative accounting in conditions of financial pressure and asymmetric information, especially when combined with high leverage. The study contributes to the literature on financial reporting by offering insights into how internal risk conditions and capital structure shape accounting policy decisions in emerging markets like Indonesia.

THE ROLE OF ENERGY TRANSITION AND INTENSITY ON CO2 IN OECD COUNTRIES

Esha Galang Gati Mahendra — 2025-06-29

The purpose of this study was to analyze the influence of GDP per capita, renewable energy consumption, and energy intensity on CO2 emissions in 38 OECD member countries during the period 2010–2022.This study uses a quantitative approach and panel data regression The results of this study found that all independent variables have a significant influence on CO2 emissions. GDP per capita and energy intensity have a positive effect, with elasticities of 0.060% and 0.67%, respectively, indicating that economic growth and energy inefficiency increase emissions. In contrast, renewable energy consumption had a negative effect with an elasticity of -0.016%, confirming the important role of clean energy in reducing emissions. These findings are in line with the Environmental Kuznets Curve (EKC) hypothesis and emphasize the urgency of the energy transition and improving energy efficiency in developed countries.

NAVIGATING MARKET FLUCTUATIONS: INTEREST RATES AS A MODERATOR IN THE FINANCIAL PERFORMANCE–STOCK PRICE EQUATION

Jamian Purba — 2025-06-29

This study investigates the influence of financial performance on stock prices with interest rates as a moderating variable. Using panel data from publicly listed companies between 2018 and 2023, a random effects model was employed based on Chow, Hausman, and the LM test results. The findings show that financial performance has a positive and significant effect on stock price. Moreover, the interaction term between financial performance and interest rates indicates a negative moderating effect, suggesting that higher interest rates weaken the impact of financial performance on stock prices. These results underline the importance of considering macroeconomic variables in investment evaluations and corporate decision-making.

THE INFLUENCE OF GREEN ACCOUNTING AND ENVIRONMENTAL PERFORMANCE ON SUSTAINABLE DEVELOPMENT GOALS

Novita Sari — 2025-06-29

This study aims to examine and analyze the influence of green accounting and environmental performance on the Sustainable Development Goals (SDGs), with gender diversity as a control variable. This research employs an associative quantitative approach using secondary data obtained from company annual reports. The population of this study consists of manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022, totaling 227 companies. The sample was selected using the purposive sampling method, resulting in 46 companies observed over a period of four years, leading to 184 data observations. The data were analyzed using the panel data regression method, processed with EViews 12 software. The results indicate that green accounting and environmental performance have a significant influence on the achievement of SDGs. However, gender diversity does not show a significant impact on SDG attainment. These findings provide insight into the importance of implementing green accounting and enhancing environmental performance to support sustainable development goals.

OPTIMIZING PROFITABILITY: A DEEP DIVE INTO CASH AND RECEIVABLE TURNOVER WITH WORKING CAPITAL TURNOVER AS THE MODERATOR

Neng Asiah — 2025-06-29

This study aims to analyze the effect of asset turnover and receivable turnover on profitability with working capital turnover as a moderating variable. The object of the research is manufacturing companies listed on the Indonesia Stock Exchange during the period 2019–2023. A quantitative approach using panel data regression analysis was employed. The results indicate that both asset turnover and receivable turnover have a positive and significant impact on profitability. Furthermore, working capital turnover significantly moderates the relationship between these operational efficiency metrics and profitability. This implies that firms with higher working capital efficiency can enhance the positive effect of asset and receivable utilization on financial performance. The study contributes to financial management by emphasizing the need for integrated strategies that combine operational efficiency with effective working capital management to improve profitability.

EARNING MANAGEMENT: THE ROLE OF COMPANY SIZE, LEVERAGE, AND GOOD CORPORATE GOVERNANCE ON GO PUBLIC BANKING

Eni Puji Astuti — 2025-06-29

This study investigates the influence of company size, leverage, managerial ownership, and institutional ownership on earning management practices among publicly listed banking firms in Indonesia. The study employs a quantitative approach using panel data regression analysis. The sample comprises 20 banking companies listed on the Indonesia Stock Exchange over the 2017–2023 period, yielding 140 firm-year observations. The model selection is based on the Chow and Hausman tests, with the fixed effect model selected as the best fit. The results reveal that company size, leverage, and managerial ownership have significant negative effects on earning management, indicating that larger companies, higher debt ratios, and greater managerial ownership are associated with less earnings manipulation. Conversely, institutional ownership exhibits a significant positive effect, suggesting that higher institutional ownership increases the likelihood of earning management practices, possibly driven by short-term performance pressures. The findings emphasize the importance of corporate governance mechanisms in curbing earnings management. Regulators, stakeholders, and board members should consider enhancing transparency and aligning ownership structures to mitigate opportunistic financial reporting behavior. This study provides new insights into how firm characteristics and ownership structures affect earnings management behavior in the heavily regulated banking sector of an emerging economy, extending prior agency theory and corporate governance research.

DEFERRED TAX ASSETS IN FOCUS: ANALYZING THEIR EFFECT ON EARNINGS MANAGEMENT WITH AUDIT QUALITY AS A KEY MODERATOR

Benny Oktaviano — 2025-06-29

This study aims to examine the effect of Deferred Tax Assets (DTA) on Earnings Management and assess the role of Audit Quality as a moderating variable. The research object comprises manufacturing firms listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. A quantitative approach was employed, using panel regression with a Random Effects model, selected based on Hausman and Lagrange Multiplier tests. The results indicate that DTAs have a positive and significant effect on Earnings Management, suggesting that firms use DTA flexibility to manipulate earnings. However, the interaction test between DTA and Audit Quality yields a negative but statistically insignificant coefficient, indicating that Audit Quality does not significantly moderate the relationship between DTA and Earnings Management. These findings imply that, although high-quality auditors are expected to constrain earnings management practices, their moderating role was not empirically supported in this sample.

WOMEN'S REPRESENTATION IN INDONESIA'S POLITICAL LEADERSHIP STRUCTURE

Naib — 2025-06-29

This study discusses the dynamics of women's representation in the political leadership structure in Indonesia, especially in legislative institutions and political parties. Although Law Number 7 of 2017 has set a 30% quota for women, its implementation still faces various challenges, both structurally and culturally. Barriers such as patriarchal culture, lack of political education, and women's dual role as housewives and politicians are among the main barrier factors limiting their participation in politics. Through normative juridical methods and analysis of secondary data from various sources, this study found that women's representation in the legislature continues to increase over time. However, this figure has not reached the set target. In addition, political parties often only meet quotas formally without paying attention to the capacity and quality of women nominated. In conclusion, increasing women's representation requires continuous efforts to overcome existing cultural and structural barriers, so as to create a more substantial and meaningful participation of women in Indonesia's political leadership structure.

AUDIT COMMITTEES IN ACTION: MODERATING EARNINGS MANAGEMENT STRATEGIES DURING FINANCIAL DISTRESS

Maulina Dyah Permatasari — 2025-06-29

This study aims to analyze the effect of financial distress on earnings management with audit committee effectiveness as a moderating variable. The research data were derived from annual reports of non-financial companies listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period, selected using purposive sampling. The analysis method employed was panel regression using the Panel Least Squares (PLS) approach with a moderation test. The results indicate that financial distress has a negative and marginally significant effect on earnings management. However, when the interaction variable between financial distress and the audit committee is introduced, the results show that the audit committee strengthens the relationship between distress and earnings management. This suggests that the existence of audit committees in some firms does not necessarily function effectively to curb managerial opportunism, particularly under financial pressure. These findings provide crucial implications for policymakers and practitioners to enhance the quality and independence of audit committees in corporate governance practices.