International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)
International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC) is an international journal accredited as SINTA 3 by the Ministry of Higher Education, Science, and Technology of the Republic of Indonesia, covering the period from Volume 1, No. 2 (2023) to Volume 6, No. 1 (2028).
DRIVERS OF ACCOUNTABILITY IN URBAN VILLAGE FUND MANAGEMENT: EMPIRICAL EVIDENCE FROM INDONESIA
This study examines the influence of internal control systems, utilization of information technology, competency, and leadership on the accountability of urban village fund management. Urban village funds play an important role in supporting regional development, improving the quality of public services, and fostering the potential of local communities. Therefore, the management of these funds must be carried out accountably to ensure that budget utilization remains in accordance with applicable regulations. This research was conducted in all urban villages within Tambaksari District, Surabaya City. The study employed a quantitative research approach. The use of a quantitative approach was supported by data collected directly from research participants through questionnaires. The questionnaire served as the primary instrument for data collection and was distributed to respondents. A total of 56 respondents, consisting of urban village officials from eight urban villages in Tambaksari District, participated in this study. Purposive sampling was applied as the sampling technique. Data analysis was conducted using the Partial Least Squares (PLS) method with the assistance of SmartPLS 4 software. The empirical findings indicate that internal control systems, utilization of information technology, competency, and leadership have a significant effect on improving the accountability of urban village fund management. Therefore, these findings can serve as a strategic reference for urban village administrations in optimizing fund management and enhancing transparency in financial reporting.
Copyright (c) 2026 Raka Irfansyah, Tituk Diah Widajantie https://creativecommons.org/licenses/by-sa/4.0
ASSESSING THE DRIVERS OF INDIVIDUAL TAX COMPLIANCE IN WEST JAVA THROUGH CORETAX IMPLEMENTATION AND TAX SOCIALIZATIONS
This study examines the effect of Coretax implementation and tax socialization on individual tax compliance in Directorate General of Taxation Office Region 1 West Java. The study is motivated by the significant decline in tax revenue realization in January 2025 (41.86% decrease compared to January 2024) and the decline in the percentage of taxpayers filing their annual tax returns for two consecutive years, indicating that the introduction of Coretax may not have immediately improved compliance. The sample consists of 120 individual taxpayers selected using purposive sampling. Multiple linear regression analysis was employed to test the proposed hypotheses. The results indicate that tax socialization has a significant positive effect on individual tax compliance, while Coretax implementation does not have a significant effect. However, Coretax implementation and tax socialization simultaneously have a significant positive effect on individual tax compliance. These findings suggest that the combination of digital system implementation and educational outreach is more effective than either factor alone in improving taxpayer compliance, providing valuable insights for tax authorities in designing more effective strategies to enhance individual tax compliance in the digital era.
Copyright (c) 2026 Hermansyah, Lauw Tjun Tjun https://creativecommons.org/licenses/by-sa/4.0
DECOMPOSING FINANCIAL PERFORMANCE RECOVERY: RETURN ON EQUITY, ECONOMIC VALUE ADDED, AND CAPITAL STRUCTURE IN INDONESIA'S TRANSPORTATION SECTOR
This study examined whether Blue Bird's reported recovery in return on equity (ROE) after the 2020 pandemic shock reflected genuine economic value creation. PT Blue Bird Tbk was examined across six fiscal years (2020–2025), with PT Adi Sarana Armada Tbk as a comparative reference at the two most recent fiscal year-ends, using a descriptive-comparative design applied to audited consolidated financial statements. ROE was decomposed through DuPont analysis into net margin, asset turnover, and the equity multiplier; Economic Value Added (EVA) was calculated using a weighted average cost of capital built from Bank Indonesia's policy rate and Indonesia's equity risk premium; and liquidity and leverage were tracked through the current ratio and the debt-to-asset ratio. ROE moved from -3.12% in 2020 to 10.17% in 2025, yet EVA remained negative throughout, including 2025. The divergence was already visible in 2021, when net income turned marginally positive while operating profit after tax remained negative. Net margin and asset turnover drove the recovery through 2022; thereafter, further ROE gains came mainly from a rising equity multiplier, alongside a falling current ratio and a rising debt-to-asset ratio. Adi Sarana Armada posted a higher ROE than Blue Bird in 2024–2025 but carried roughly double the leverage and a current ratio below 1.0x in both years. Reported profitability alone overstated the extent of recovery from as early as 2021 and should be read alongside a capital-charge-adjusted measure once leverage begins driving ROE more than margin or turnover.
Copyright (c) 2026 Nurhafifah Amalina, Siti Fathimah Azzahra, Lin Oktris https://creativecommons.org/licenses/by-sa/4.0
INTEGRATING MANAGEMENT CONTROL SYSTEMS AND ASWAJA CULTURE IN NAHDLATUL ULAMA HIGHER EDUCATION GOVERNANCE
This study examines the integration of the Management Accounting Control System (MACS) using the Levers of Control (LoC) framework with Aswaja cultural values in realizing good university governance at Nahdlatul Ulama University Sidoarjo. Employing a qualitative case study approach, data were collected through in-depth interviews with four levels of management and supported by institutional document analysis. The findings reveal that the implementation of the control system at UNUSIDA is not driven mechanistically by bureaucratic mechanisms but is dynamically governed by theological and cultural forces. Belief systems rooted in Aswaja values, particularly tawasuth (moderation), tasamuh (tolerance), and the "Kyai-Santri" exemplary approach, have proven highly effective in fostering organizational commitment and collegial trust. However, administrative tensions persist within the diagnostic control system, where accreditation targets and financial bureaucracy create bottlenecks that hinder innovation at the operational level. Despite these challenges, the potential for dysfunctional behavior has been successfully mitigated through the optimization of collaborative levers. The Dean serves as an organizational buffer by applying tawazun (balance) to negotiate targets based on actual capacity, while interactive controls based on deliberation and tabayyun (clarification) prevent hierarchical conflicts. The harmonization between LoC instruments and Aswaja culture has produced Mas'uliyyah Jama'iyyah (collective accountability), enabling adaptive, humanistic, and dignified governance. This study contributes to the management accounting literature by demonstrating how cultural and religious values can serve as a benchmark for implementing MACS in a way that is both technically effective and culturally appropriate, offering a strategic framework for higher education institutions with strong religious identities.
Copyright (c) 2026 Firdausyi Ayudya Wardani, Dwi Suhartini https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF SERVICE QUALITY ON FINANCIAL PERFORMANCE: THE MODERATING ROLE OF SCHOOL TRANSPARENCY
This study was conducted to examine the impact of service on the financial performance of schools, moderated by transparency practices at SMK Muhammadiyah 1 Pemalang. The background of this research stems from the urgency of service quality and school governance systems in efforts to strengthen the effectiveness of financial management in the education sector. A qualitative method with a case study design was used as the approach in this study. Data collection was carried out through in-depth interviews, observations, and documentation involving the principal, treasurer, administrative staff, teachers, and the school committee. Data analysis was performed through data presentation and drawing conclusions. The results of this study show that service has a significant influence on the financial performance of the school. Administrative services, academic services, and good organizational communication can enhance the effectiveness of financial management while strengthening stakeholder trust in the school. This study also found that school transparency can moderate the effect of service on financial performance through information openness and accountability in managing educational funds. Organizational legitimacy can be strengthened by school transparency, while stakeholder participation in overseeing school financial management also increases. Theoretically, this study reinforces Good Governance Theory and Stewardship Theory in the context of educational management, while practically it provides important implications for school administrators to improve service quality and transparency in order to create effective, accountable, and sustainable educational governance.
Copyright (c) 2026 Fitriah Ningsih Al Hamzah, Selfiani Selfiani https://creativecommons.org/licenses/by-sa/4.0
THE EFFECTS OF PRICE, SERVICE QUALITY, TRUST, AND LIVE STREAMING INTERACTIVITY ON TIKTOK SHOP PURCHASE DECISIONS
This study examines the effect of price, service quality, trust, and live streaming interactivity on purchase decisions among Generation Z consumers utilizing TikTok Shop in Surabaya. The study is motivated by the rapid growth of social commerce platforms and the inconsistent findings of previous research regarding the influence of information signals on consumer purchase decisions in digital commerce environments. The sample consists of 116 Generation Z respondents who had prior transaction experience on TikTok Shop, selected using purposive sampling. Multiple linear regression analysis was employed to test the proposed hypotheses. The results indicate that price, trust, and live streaming interactivity have a positive and significant effect on purchase decisions, with live streaming interactivity emerging as the strongest predictor in the model. In contrast, service quality does not significantly influence purchase decisions. Furthermore, price, service quality, trust, and live streaming interactivity simultaneously have a significant effect on purchase decisions, explaining 75.7% of the variation in the dependent variable. These findings suggest that consumers in social commerce environments prioritize real-time interactive signals and trust-building mechanisms over service quality attributes when making purchase decisions, providing valuable insights for sellers and platform providers in optimizing their strategies to enhance consumer engagement and purchase behavior in social commerce platforms.
Copyright (c) 2026 Syarifah Mudaim Qubro, Dyah Ratnawati https://creativecommons.org/licenses/by-sa/4.0
AUDIT QUALITY AS MODERATOR AND PROFITABILITY AS MEDIATOR: A DUAL-PROCESS MODEL OF FINANCIAL DISTRESS DETERMINANTS IN INDONESIAN PROPERTY SECTOR
This study examines the determinants of financial distress in Indonesian property and real estate companies, with audit quality as a moderating variable and profitability as a mediating variable. The study is motivated by the vulnerability of the property sector to macroeconomic shocks, including the COVID-19 pandemic (2021–2022), high inflation (2023), and interest rate hikes (2024), which have collectively intensified financial pressure on firms. The sample consists of property and real estate companies listed on the Indonesia Stock Exchange during 2021–2024, selected using purposive sampling. Panel data regression and Moderated Regression Analysis (MRA) with the Random Effect Model (REM) were employed to test the proposed hypotheses. The results indicate that leverage and earnings management significantly increase financial distress, while liquidity, sales growth, and tax avoidance show no significant direct effect. Furthermore, audit quality moderates the relationship between liquidity and financial distress, as well as tax avoidance and financial distress, but does not moderate the effects of leverage, sales growth, or earnings management. Profitability mediates only the relationship between earnings management and financial distress, suggesting that firms with higher profitability are better able to offset the negative impact of earnings manipulation on financial stability. These findings suggest that maintaining balanced leverage and transparent reporting practices are crucial to avoid financial distress, particularly in capital-intensive sectors such as property and real estate.
Copyright (c) 2026 Mohamad Zulman Hakim, Bamidele Vincent Olawale, Dilla Aisyah Putri, Fauzi Zadida, Viany Puri Handayani, Dinar Indah Cahyani https://creativecommons.org/licenses/by-sa/4.0
PRE AND POST SOE HOLDING INTEGRATION: FINANCIAL PERFORMANCE ANALYSIS
Danareksa SOE Holding was established as a specialist transformation holding to revitalize underperforming state-owned enterprises (SOEs), including PT Balai Pustaka (Persero), which had long experienced financial distress and was integrated in 2022. This study examines differences in the financial performance of PT Balai Pustaka (Persero) before and after its integration into the Danareksa SOE Holding. The study employs a quantitative comparative event-study approach using quarterly financial statement data for 2018–2025, grouped into pre-integration and post-integration periods. Financial performance is measured through nine ratios representing liquidity, solvency, profitability, and activity dimensions. The analysis applies the Shapiro-Wilk normality test and the Wilcoxon Signed-Rank Test at a 5% significance level. The results indicate that 8 of 9 financial ratios differ significantly between the pre- and post-integration periods. However, significant differences do not necessarily imply improved performance, as the direction of change reflects short-term deterioration in liquidity, profitability, leverage, and asset utilization efficiency. The persistence of weak profitability is closely related to cost rigidity, reflected in a much sharper decline in revenue than in operating expense adjustments. At the same time, non-financial benefits were identified through the implementation of a novation mechanism for settling partner receivables and payables, as well as a decline in the proportion of non-personnel operating expenses to 25.6% in 2025. These findings suggest that post-integration benefits initially emerged in governance and internal process improvements before being fully translated into financial indicators.
Copyright (c) 2026 Lepi Roikah, Amrie Firmansyah https://creativecommons.org/licenses/by-sa/4.0
THE ROLE OF SOCIAL MEDIA, A CONSUMERIST LIFESTYLE, AND GENERATION Z FINANCIAL MANAGEMENT STRATEGIES IN VEHICLE MODIFICATION
The purpose of this research is to examine how elements like social media, consumerism, and money management affect the choices made by members of Generation Z when it comes to customizing their vehicles. Modern youths' shopping habits have shifted due in part to the proliferation of social media; these consumers now prioritize gratification of material wants as much as they do status symbols and means of personal expression. A survey is used as a quantitative tool in this investigation. Gen Zers with an interest in vehicle customization and a strong social media presence are the primary subjects of this study. For the purpose of analyzing the questionnaire data, the SEM-PLS approach was used. Results showed that social media significantly and positively affected consumers' financial management practices, car customization options, and overall lifestyle choices. There was also a strong correlation between consumer lifestyles and financial management tactics and choices about car modifications. Generation Z's capacity to handle their finances is one of many elements that impact their choices for motor vehicle modifications, according to this research. Other criteria include social and digital cultural features. In order to understand the purchasing habits of Generation Z in the face of technological breakthroughs, this research adds to the existing theoretical literature by combining the S-O-R approach with conspicuous consumerism and behavioral finance. Educational institutions, digital content makers, and stakeholders in the automobile sector may all benefit practically from this research by learning more about millennial purchasing habits and the significance of enhancing digital financial literacy.
Copyright (c) 2026 Alif Fathan Auliarahman, Lauw Tjun Tjun, Meyliana https://creativecommons.org/licenses/by-sa/4.0
GOVERNANCE AND AUDIT ATTRIBUTES AS DRIVERS OF EARNINGS QUALITY
This study examines the influence of good corporate governance, financial reporting timeliness, audit tenure, and auditor reputation on earnings quality in banking sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The study is motivated by the critical importance of earnings quality in the banking sector, which operates in a highly regulated environment and plays a strategic role in maintaining national financial stability, particularly during the post-pandemic period characterized by economic pressures and increased earnings management incentives. The sample consists of commercial banks consistently listed on the Indonesia Stock Exchange during the observation period, selected using purposive sampling. Panel data regression with the Random Effect Model was employed to test the proposed hypotheses. The results indicate that auditor reputation has a significant negative effect on earnings quality, suggesting that banks audited by Big Four auditors tend to exhibit lower earnings quality compared to those audited by non-Big Four auditors. In contrast, good corporate governance, financial reporting timeliness, and audit tenure do not significantly influence earnings quality. However, all variables simultaneously have a significant effect on earnings quality, explaining 22.91% of its variation. These findings suggest that auditor reputation plays a more significant role in influencing earnings quality than other governance and audit characteristics in the Indonesian banking sector, providing valuable insights for regulators, banking management, and investors in assessing and enhancing earnings quality.
Copyright (c) 2026 Irvan Juliansah, Khoirul Huda, Imas Kismanah, Rasiman https://creativecommons.org/licenses/by-sa/4.0
THE IMPACT OF ENVIRONMENTAL, SOCIAL, AND GOVERNANCE (ESG) ON BANKING FINANCIAL PERFORMANCE IN ASEAN
This study examines the effect of ESG performance on financial performance in banking institutions across five ASEAN countries (Indonesia, Malaysia, Singapore, Thailand, and the Philippines) during the 2021–2024 period. The study is motivated by the increasing importance of ESG practices in the banking sector and the need to understand how ESG disclosure influences financial outcomes in emerging market contexts, where stakeholder expectations and regulatory environments are evolving rapidly. The sample consists of 46 banks with 180 firm-year observations selected using purposive sampling. Panel data regression with the Random Effect Model was employed to test the proposed hypothesis. The results indicate that ESG performance has a positive and significant effect on financial performance, suggesting that banks with higher ESG disclosure levels tend to achieve better profitability. The model with control variables (firm size, Big Four auditors, and non-performing loans) explains approximately 14.01% of the variation in financial performance. The negative relationship between non-performing loans and financial performance underscores the importance of effective credit risk management. These findings suggest that proactive ESG disclosure enhances stakeholder trust and contributes to improved financial performance in ASEAN banking institutions, providing valuable insights for bank management, regulators, and investors in assessing the role of ESG practices in financial outcomes.
Copyright (c) 2026 Ervina Vania Wijaya, Lauw Tjun Tjun https://creativecommons.org/licenses/by-sa/4.0
DETERMINANTS OF AUDIT OPINIONS ON THE FINANCIAL STATEMENTS OF PROVINCIAL GOVERNMETS IN INDONESIA
Audit opinions issued by the Audit Board of the Republic of Indonesia (BPK RI) serve as an important indicator of the quality and accountability of public financial management in provincial governments. However, the persistence of corruption cases in several provincial governments that have received favorable audit opinions raises concerns regarding the determinants of audit opinions in the public sector. This study aims to examine the effect of audit findings, follow-up of audit recommendations, local government age, and corruption level on audit opinions of provincial governments in Indonesia. This study employs a quantitative approach using secondary data obtained from the Audit Board of the Republic of Indonesia (BPK RI) and corruption case data derived from the annual reports of the Corruption Eradication Commission (KPK). The sample consists of 34 provincial governments in Indonesia during the 2020–2024 period, resulting in 170 observations. Logistic regression analysis was employed to test the proposed hypotheses. The findings reveal that follow-up of audit recommendations positively influences audit opinions, whereas corruption level negatively influences audit opinions. Meanwhile, audit findings and local government age do not significantly affect audit opinions. These findings highlight the importance of implementing audit recommendations and strengthening integrity in public financial management to support the achievement of favorable audit opinions. This study contributes to the public sector accounting literature by providing empirical evidence on the determinants of audit opinions in Indonesian provincial governments.
Copyright (c) 2026 Nadia Putri, Rosy Armaini, Kurnia Widya Oktarini https://creativecommons.org/licenses/by-sa/4.0
GREEN ACCOUNTING AND GREEN BUSINESS PROCESS MANAGEMENT FOR SUSTAINABLE PERFORMANCE: EVIDENCE FROM COFFEE AGRIBUSINESS INDONESIA
Sustainable development has become an essential issue for small and medium enterprises (SMEs) centered on agribusiness, such as coffee farming operations, because business performance is no longer simply measured by the economic consequences but also by the environmental and social responsibilities. This study analyzes the effect of green accounting and Green Business Process Management (Green BPM) on sustainable performance through financial performance in coffee producers in Sidikalang, Dairi Regency, North Sumatra. The research was quantitative, causal, and associative. The population were coffee farmers in Sidikalang, with a sample of 294 respondents taken by utilizing the Slovin formula with a 5% margin of error. The data were acquired via questionnaires and analyzed using Structural Equation Modelling-Partial Least Squares (SEM-PLS) using a five-point Likert scale. Results reveal that green accounting has a considerable and positive impact on sustainable performance and financial success. Green BPM also has a beneficial and significant influence on sustainability and financial performance. Moreover, financial performance has a favorable and considerable impact on sustainable performance. The mediation test reveals that financial performance mediates the effect of green accounting and Green BPM on sustainable performance. The results suggest that the sustainability of Sidikalang coffee farming is enhanced when farmers are able to monitor environmental costs, develop green business procedures, and transfer these practices into improved financial outcomes. The study has practical implications for coffee producers, farmer organizations, and local stakeholders to enhance the tracking of environmental costs, resource efficiency, waste management, and financial management to support the long-term sustainability of Sidikalang coffee.
Copyright (c) 2026 Deva Djohan, Duffin, Ribka Sari Butar-Butar, Nasib, M. Chandra Wibowo https://creativecommons.org/licenses/by-sa/4.0
THE POWER OF LIVE STREAMING AND AI: CUSTOMER ENGAGEMENT AND PURCHASE DECISIONS ON TIKTOK SHOP
This study examines the influence of live streaming marketing and Artificial Intelligence on purchase decisions through customer engagement as a mediating variable on the TikTok Shop platform. The study is motivated by the rapid growth of social commerce platforms and the integration of live streaming interactivity with AI-driven personalization, yet limited empirical evidence exists on how these technologies jointly influence consumer behavior. The sample consists of 200 TikTok Shop users selected using purposive sampling. Structural Equation Modeling-Partial Least Squares (SEM-PLS) was employed to test the proposed hypotheses. The results indicate that live streaming marketing and Artificial Intelligence have positive and significant effects on customer engagement and purchase decisions. Customer engagement has a positive and significant effect on purchase decisions and partially mediates the relationship between live streaming marketing and purchase decisions, as well as between Artificial Intelligence and purchase decisions. The model explains 48.6% of the variance in customer engagement and 57.2% of the variance in purchase decisions. These findings suggest that marketing strategies based on real-time interaction and technology personalization are able to increase consumer engagement which ultimately drives purchasing behavior, providing valuable insights for businesses and digital marketers in designing more effective marketing strategies through the optimization of live streaming features and AI technology.
Copyright (c) 2026 Shofy Mazaya Siregar, Fadli, Muhammad Dharma Tuah Putra Nasution https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF ROE, GPM, AND NPM ON FIRM VALUE: GOOD CORPORATE GOVERNANCE MODERATION
This empirical inquiry examines the structural relationships between distinct profitability metrics specifically Return on Equity, Gross Profit Margin, and Net Profit Margin and corporate valuation, while concurrently evaluating the conditioning role of corporate governance operationalized via managerial ownership. Situated within the consumer non-cyclicals sector of the Indonesia Stock Exchange (IDX) from 2022 to 2024, the study adopts a quantitative methodology using a purposively selected panel dataset of 126 firm-year observations across 42 enterprises. Statistical estimation was executed via variance-based Partial Least Squares Structural Equation Modeling (PLS-SEM) utilizing the SmartPLS 4 suite. The empirical outcomes reveal that Return on Equity enhances firm value, whereas Gross Profit Margin and Net Profit Margin exert no influence. Moreover, interaction analysis indicates that managerial ownership fails to moderate or amplify the profitability valuation nexus. These insights suggest that capital market participants prioritize an enterprise's efficiency in generating returns on equity over top- or bottom-line profit margins during asset appraisal. Ultimately, the inquiry underscores that ROE remains a pivotal heuristic for market valuation, whereas internal governance monitoring mechanisms do not structurally optimize the translation of operational earnings into market premiums.
Copyright (c) 2026 Wika Kwana Suci, Dyah Ratnawati https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF FRAUD HEPTAGON MODEL TO DETECT FRAUDULENT FINANCIAL STATEMENT IN INDONESIA FINANCIAL SECTOR COMPANIES
This study examines the influence of Fraud Heptagon elements on fraudulent financial statements in financial sector companies listed on the Indonesia Stock Exchange during the 2021–2024 period. The study is motivated by the increasing prevalence of financial statement fraud cases in Indonesia's financial sector and the need to understand the determinants of fraudulent reporting within the comprehensive Fraud Heptagon framework. The sample consists of 168 firm-year observations obtained from 42 financial sector companies selected using purposive sampling. Panel data regression with EViews 12 was employed to test the proposed hypotheses across eleven variables: financial target, external pressure, financial stability, personal financial need, change in director, effective monitoring, nature of industry, change in auditor, number of CEO pictures, ignorance, and greed. The results indicate that financial target and nature of industry have a significant positive effect on fraudulent financial statements, suggesting that aggressive performance targets and industry-specific characteristics increase the likelihood of financial manipulation. In contrast, external pressure, financial stability, personal financial need, change in director, effective monitoring, change in auditor, number of CEO pictures, ignorance, and greed do not significantly influence fraudulent financial statements. These findings suggest that not all Fraud Heptagon elements equally influence fraudulent reporting, providing insights for regulators and practitioners in strengthening fraud detection and prevention mechanisms in the financial sector.
Copyright (c) 2026 Muhamad Rafli, Mohamad Zulman Hakim, Abduh Hafizh Rabbani, Dicky Darmawan, Devina Ika Sugiyanti https://creativecommons.org/licenses/by-sa/4.0
PRESSURE AND FINANCIAL STATEMENT FRAUD IN THE BANKING INDUSTRY: THE MODERATING ROLE OF PROFIT EQUALIZATION
Fraudulent financial statement remains a critical concern in the banking industry, given its systemic implications for investor confidence and financial stability. Grounded in fraud triangle theory, this study examines the effect of pressure on fraudulent financial statement with income smoothing as a moderating variable in Indonesian listed banks. Using a balanced panel dataset of 48 banks over the period 2022-2024 (144 observations), this study employs Panel Estimated Generalized Least Squares (EGLS) with cross-section weights and Fixed Effect Model. The findings reveal that financial stability positively and significantly influences fraudulent financial statements, while external pressure shows no significant effect. Income smoothing significantly moderates both relationships, attenuating the effect of financial stability and external pressure on fraudulent financial statements. These results extend fraud triangle theory by demonstrating that the relevance of pressure proxies is industry-contingent and that income smoothing functions as a substitutive mechanism rather than a complement to fraudulent reporting. Practically, the findings underscore the importance of asset-growth-based early warning systems for regulators and reinforce the need for stronger governance mechanisms in high-growth banking institutions.
Copyright (c) 2026 Gina Purdiyanti, Amrie Firmansyah https://creativecommons.org/licenses/by-sa/4.0
TAX MINIMIZATION, PROFITABILITY, AND TRANSFER PRICING: A TRIPLE NEXUS IN CONSUMER NON-CYCLICAL COMPANIES
This study examines the influence of tax expense, bonus mechanism, tunneling incentive, debt covenant, and firm size on transfer pricing, with tax minimization as a moderating variable and profitability as a mediating variable, in consumer non-cyclicals sector companies listed on the Indonesia Stock Exchange during the 2020–2024 period. The study is motivated by the increasing prevalence of transfer pricing practices in the consumer non-cyclicals sector and the inconsistent findings of previous research regarding the determinants of related-party transactions. The sample consists of 655 firm-year observations obtained from 131 consumer non-cyclicals companies selected using purposive sampling. Panel data regression with the Fixed Effect Model was employed to test the proposed hypotheses. The results indicate that bonus mechanism and tunneling incentive have a positive and significant effect on transfer pricing, while debt covenant and firm size have a negative and significant effect. Tax expense does not significantly influence transfer pricing. Furthermore, tax minimization moderates the relationships between bonus mechanism, tunneling incentive, and debt covenant with transfer pricing, but does not moderate the relationships between tax expense and firm size with transfer pricing. Profitability mediates only the relationship between debt covenant and transfer pricing. The model explains 85.19% of the variation in transfer pricing. These findings suggest that managerial incentives, ownership structure, contractual obligations, and firm characteristics play significant roles in shaping transfer pricing behavior, while profitability serves as a transmission mechanism through which debt covenants influence transfer pricing decisions in the consumer non-cyclicals sector.
Copyright (c) 2026 Mohamad Zulman Hakim, Nursifah, Shella Nurhaliza, Anindia Vegi Aurora, Nabila Rahmawati https://creativecommons.org/licenses/by-sa/4.0
THE ILLUSION OF TRUST IN WEB3 MARKETING: RECONFIGURING VALUE CO-CREATION THROUGH TOKENIZED INCENTIVES IN CRYPTO ECOSYSTEMS
This study develops a conceptual framework explaining the reconfiguration of value co-creation in Web3 marketing through the mediating mechanisms of authentic trust and illusory trust. The study is motivated by the growing prevalence of tokenized incentives in decentralized digital ecosystems and the lack of theoretical understanding of how these incentives simultaneously enable and distort participation, trust formation, and value co-creation processes. The framework integrates Trust Theory, Service-Dominant Logic, Self-Determination Theory, and Signaling Theory to articulate the relationships between tokenized incentives, dual trust forms, value co-creation quality, and moderating conditions. The results indicate that tokenized incentives positively influence both authentic trust and illusory trust formation, with authentic trust grounded in genuine relational evaluation and system assessment, and illusory trust constructed through incentive-driven signals and economic expectations. Authentic trust positively influences value co-creation quality by enabling meaningful collaboration and sustained engagement, while illusory trust negatively influences value co-creation quality by promoting opportunistic, short-term participation. Furthermore, authentic trust mediates the positive relationship between tokenized incentives and value co-creation quality through an enabling mediation pathway, while illusory trust mediates the negative relationship through a distorting mediation pathway. The framework also identifies that speculative motivation and community identification moderate these relationships. Three structural paradoxes the Incentive–Trust Paradox, the Participation–Value Paradox, and the Growth–Sustainability Paradox illuminate the non-linear and potentially self-undermining dynamics of incentive-driven Web3 ecosystems. These findings suggest that managing Web3 ecosystems effectively requires moving beyond participation metrics toward a deeper understanding of how incentive structures shape the quality of trust and sustainability of engagement.
Copyright (c) 2026 Nafissa Aisyah Fitri Br Sitepu, Muhammad Dharma Tuah Putra Nasution, Fadli https://creativecommons.org/licenses/by-sa/4.0
THE INFLUENCE OF ESG ON COMPANY VALUE: DOES INSTITUTIONAL OWNERSHIP STRENGTHEN THE RELATIONSHIP?
This study examines the influence of Environmental, Social, and Governance (ESG) disclosure on company value and investigates whether institutional ownership moderates this relationship in banking sector companies listed on the Indonesia Stock Exchange during the 2022–2024 period. The study is motivated by the critical role of the banking sector in the Indonesian financial system, accounting for approximately seventy-three percent of total national financial assets, as well as the persistent inconsistency in previous research findings regarding the effect of ESG disclosure on firm value. The sample consists of one hundred and forty-four firm-year observations obtained from banking companies selected using purposive sampling with criteria including the consecutive publication of annual reports and sustainability reports during the observation period. Panel data regression analysis with the Fixed Effect Model was employed to test the proposed hypotheses. The results indicate that ESG disclosure does not have a significant effect on company value, suggesting that sustainability information has not been optimally integrated into investors' valuation assessments in the Indonesian banking sector. Furthermore, institutional ownership does not moderate the relationship between ESG disclosure and company value, implying that institutional investors' supervisory function has not effectively enhanced the credibility or market relevance of ESG information. Among the control variables, firm size has a significant negative effect on company value, while profitability does not significantly influence company value. These findings suggest that investors in the Indonesian banking sector still prioritize traditional financial performance over non-financial sustainability information, and institutional ownership alone is insufficient to strengthen the market response to ESG disclosure.
Copyright (c) 2026 Rhyzka Dinti Pratiwi, Amrie Firmansyah https://creativecommons.org/licenses/by-sa/4.0
UI/UX DESIGN, VISUAL ELEMENTS, CONSUMER TRUST, AND ONLINE PURCHASE DECISIONS IN INDONESIA
This study conducts a comprehensive literature review to examine the influence of UI/UX design and visual elements on online purchase decisions in the Indonesian e-commerce sector, with emotional responses and consumer trust as mediating variables. The study is motivated by the rapid growth of e-commerce in Indonesia, reaching transaction values of IDR 453.75 trillion in 2023, and the increasing importance of user experience in driving consumer loyalty and purchase behavior, yet limited integration of UI/UX design, visual elements, trust, and emotional responses into a comprehensive conceptual model persists. The review synthesizes eighty-five relevant publications spanning the period 2000 to 2026, analyzed through thematic analysis and narrative synthesis to develop a conceptual framework grounded in the Stimulus-Organism-Response model. The results indicate that UI/UX design and visual elements serve as powerful environmental stimuli that positively influence Indonesian consumers' emotional responses and trust, with eighty-four percent of studies finding positive effects on emotional responses, eighty-six percent on visual elements to emotional responses, eighty-three percent on trust, and eighty-five percent on visual elements to trust. Emotional responses and consumer trust jointly mediate the relationship between UI/UX design, visual elements, and online purchase decisions, with eighty-three percent of studies confirming positive mediation effects. The findings suggest that investment in UI/UX design and visual elements is a functional strategy to build trust and evoke positive emotions, with practical recommendations including intuitive navigation, mobile-first design, high-resolution product images, visual trust elements, and design localization for Indonesian consumers.
Copyright (c) 2026 Nur Aulia Khairani, Fadli, Muhammad Dharma Tuah Putra Nasution https://creativecommons.org/licenses/by-sa/4.0
FINANCIAL DISTRESS PREDICTION USING THE DECISION TREE METHOD IN MANUFACTURING COMPANIES IN INDONESIA
This study aims to predict financial distress in Indonesian manufacturing companies using the Decision Tree method. A quantitative predictive design was applied to secondary data from the annual financial statements of manufacturing companies listed on the Indonesia Stock Exchange during 2020–2024, yielding 612 firm-year observations. Financial distress was measured as a binary outcome (financially distressed versus non-financially distressed), with Current Ratio, Debt to Asset Ratio, Return on Assets, Total Asset Turnover, Sales Growth, and Firm Size as predictors. Using Python, a pruned Decision Tree achieved 84.6% accuracy, 64.7% precision, 75.9% recall, and a 69.8% F1-score for the financially distressed class. Return on Assets was the most influential predictor, followed by Debt to Asset Ratio and Current Ratio. The resulting rules show that distress reflects interacting conditions of weak profitability, high leverage, low liquidity, inefficient asset utilization, and declining sales growth. Theoretically, the study extends financial distress prediction research by demonstrating the value of interpretable machine learning in an emerging-market manufacturing context. Practically, its transparent rules provide an actionable early-warning tool for investors, creditors, managers, and regulators to identify financial vulnerability and support timely intervention.
Copyright (c) 2026 Ayi Mohamad Sudrajat, Hani Fitria Rahmani, Nur Alamsyah https://creativecommons.org/licenses/by-sa/4.0
CAN ESG DISCLOSURE AFFECT FIRM PERFORMANCE IN ASEAN COMPANIES?
This study examines the influence of Environmental, Social, and Governance disclosure on company performance in the ASEAN region during the 2020–2022 period. The study is motivated by the increasing relevance of sustainability issues in the ASEAN region, which is one of the most vulnerable to climate change impacts, as well as the inconsistency of previous research findings regarding the effect of ESG disclosure on firm performance. The sample consists of three hundred and thirty-two companies from five ASEAN countries identified from the OSIRIS and Refinitiv databases. Panel data regression analysis was employed to test the proposed hypotheses using Tobin's Q as the measure of company performance. The results indicate that the overall ESG score does not have a significant effect on company performance, suggesting that ESG disclosure has not yet been a factor strongly taken into account by stakeholders in investment decisions in the ASEAN region. Similarly, the environmental score and social score do not have significant effects on company performance. However, the governance score is found to have a significant negative effect on company performance, indicating that higher governance disclosure scores are associated with lower firm market valuation. Among the control variables, firm size and firm age are consistently negative and statistically significant. These findings suggest that ESG disclosure does not consistently improve company performance in the ASEAN context, with only the governance pillar showing a significant but negative relationship, indicating that increased governance disclosure may signal higher monitoring and compliance costs to investors.
Copyright (c) 2026 Ridwan Wahyudi, Rahmawati Rahmawati, Setianingtyas Honggowati, Jaka Winarna https://creativecommons.org/licenses/by-sa/4.0
THE EFFECT OF PRESSURE AND ARROGANCE ON FIRM VALUE: THE MEDIATING ROLE OF FINANCIAL STATEMENT FRAUD
This study aims to examine the effect of pressure and arrogance on firm value, both directly and indirectly through financial statement fraud as a mediating variable in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The study employs a quantitative approach using panel data obtained from the annual reports and financial statements of 30 energy sector companies, resulting in 120 observations. Data analysis was conducted using panel data regression with the Random Effect Model (REM) and Sobel test to examine the mediating effect. The results indicate that pressure has a positive and significant effect on both firm value and financial statement fraud. Arrogance also has a positive and significant effect on firm value but does not significantly affect financial statement fraud. Furthermore, financial statement fraud is found to have a positive and significant effect on firm value. The mediation analysis reveals that financial statement fraud mediates the relationship between pressure and firm value but fails to mediate the relationship between arrogance and firm value. These findings support the Fraud Pentagon Theory, particularly the pressure element, in explaining the occurrence of financial statement fraud within the Indonesian energy sector. The study contributes to the literature by providing empirical evidence on the role of financial statement fraud as a mechanism linking managerial pressure to firm value.
Copyright (c) 2026 Muhamad Diaz Ashari, Amrie Firmansyah https://creativecommons.org/licenses/by-sa/4.0
HOW SHORT-FORM VIDEO MARKETING AND SOCIAL COMMERCE AFFECT GEN Z PURCHASE INTENTION AND LOYALTY
This study examines the influence of short-form video marketing and social commerce on Generation Z purchase intention and brand loyalty in the Indonesian social commerce context, with purchase intention as a mediating variable. The study is motivated by the rapid growth of social commerce in Indonesia, particularly through platforms like TikTok Shop, and the limited research integrating short-form video marketing and social commerce into a comprehensive framework for Generation Z consumers. The sample consists of three hundred Generation Z respondents aged eighteen to thirty years who actively use social media platforms and have experience purchasing products through social commerce features. Structural Equation Modeling with Partial Least Squares approach was employed to test the proposed hypotheses. The results indicate that short-form video marketing has a positive and significant effect on both purchase intention and brand loyalty. Similarly, social commerce has a positive and significant effect on both purchase intention and brand loyalty. Furthermore, purchase intention has a positive and significant effect on brand loyalty. The mediation analysis reveals that purchase intention significantly mediates the relationship between short-form video marketing and brand loyalty, as well as the relationship between social commerce and brand loyalty. These findings suggest that digital marketing strategies first shape consumers' buying intentions before ultimately fostering long-term loyalty, with purchase intention serving as an important bridge between digital engagement and sustainable consumer commitment. The study contributes to the literature on digital marketing and consumer behavior by extending the Stimulus-Organism-Response framework to the context of short-form video marketing and social commerce in emerging markets.
Copyright (c) 2026 Ummu Salmah Tanjung, Fadli, Muhammad Dharma Tuah Putra Nasution https://creativecommons.org/licenses/by-sa/4.0
CSR DISCLOSURE AND PROFITABILITY ON TAX AVOIDANCE WITH INDEPENDENT COMMISSIONERS AS MODERATING VARIABLE: EVIDENCE FROM BANKING COMPANIES IN INDONESIA
This study examines the effects of Corporate Social Responsibility Disclosure and profitability on tax avoidance, with independent commissioners serving as a moderating variable in banking companies listed on the Indonesia Stock Exchange during the 2021–2024 period. Drawing upon Agency Theory, Legitimacy Theory, and Stakeholder Theory, this study investigates how corporate sustainability practices, financial performance, and governance mechanisms influence corporate tax behavior. A quantitative research design was employed using an unbalanced panel dataset consisting of one hundred and twenty-nine firm-year observations from thirty-three listed banking companies. The data were analyzed using the Fixed Effect Model with robust standard errors to obtain consistent statistical inference under heteroscedasticity and within-panel serial correlation. The findings reveal that CSR disclosure has a positive and significant effect on the Corporate Effective Tax Rate, indicating lower levels of tax avoidance among firms with more extensive CSR disclosure. Profitability, measured by Return on Assets, has no significant effect on tax avoidance. Furthermore, independent commissioners significantly moderate the relationship between CSR disclosure and tax avoidance by weakening the positive effect of CSR disclosure on Corporate Effective Tax Rate, whereas they do not significantly moderate the relationship between profitability and tax avoidance. The model explains forty-nine-point four seven percent of the variation in Corporate Effective Tax Rate. These findings highlight the importance of integrating transparent CSR disclosure with effective corporate governance to encourage responsible corporate tax behavior. This study contributes to the literature by providing recent empirical evidence from Indonesia's banking sector during the post-pandemic period using a moderated panel data regression approach.
Copyright (c) 2026 Cynthia Dewi, Sofie, Kanitsorn Terdpaopong https://creativecommons.org/licenses/by-sa/4.0
WHAT DRIVES BACK-LOADED BUDGET ABSORPTION? EVIDENCE FROM PROVINCIAL GOVERNMENTS IN SUMATRA INDONESIA
This study examined the influence of goods and services procurement, remaining budget from the previous year, and local government size on Back-loading of budget absorption in the second semester in provincial governments in Sumatra, Indonesia. The study employed a quantitative approach using secondary data obtained from financial statements (audited) of provincial government published by the audit board of the Republic of Indonesia (BPK RI) for the 2020-2024 period, resulting in 50 observations. The data were analyzed using panel data regression in EViews 14. The results showed that goods and services procurement, remaining budget from previous year (SiLPA), and local government size did not significantly affect back-loading of budget absorption in the second semester. These findings suggest that budget absorption back-loading is primarily an implementation phenomenon, reflecting operational and managerial challenges during budget execution rather than differences in fiscal capacity, procurement spending, or organizational scale. This study contributes to the public financial management literature by introducing a non-cumulative second semester budget absorption indicator to capture the temporal dimension of budget execution. Unlike conventional studies that focus on annual budget realization, this study emphasizes the concentration of spending patterns across the fiscal year, providing a more specific perspective for understanding budget implementation delays in local governments.
Copyright (c) 2026 Salsabila Dinanti https://creativecommons.org/licenses/by-sa/4.0
DOES GENERATIVE AI TRANSPARENCY BUILD GREEN BRAND IMAGE AND PURCHASE INTENTION?
This study examines the influence of Generative AI Transparency on Consumer Purchase Intention in the context of green marketing communications, with Green Brand Image as a mediating variable. The study is motivated by the convergence of Generative AI and green marketing, which introduces a compound credibility challenge where consumers are increasingly aware that AI systems can fabricate persuasive content at minimal cost, raising concerns about the authenticity of brand sustainability claims. The sample consists of three hundred and fifty-six valid responses from Indonesian consumers aged eighteen to forty-five who had been exposed to AI-generated marketing content for environmentally sustainable products. Structural Equation Modeling using Partial Least Squares was employed to test the proposed hypotheses. The results indicate that Generative AI Transparency has a positive and significant effect on Green Brand Image, suggesting that brands that proactively disclose AI use communicate sincerity and accountability. Green Brand Image has a positive and significant effect on Consumer Purchase Intention, confirming that favorable green brand associations translate into behavioral intentions. Generative AI Transparency has a significant direct positive effect on Consumer Purchase Intention, confirming that transparency influences purchase intention through both brand-perceptual and direct routes. Green Brand Image significantly mediates the relationship between Generative AI Transparency and Consumer Purchase Intention, with the mediated pathway accounting for the majority of the total effect. The findings suggest that transparent AI disclosure is a strategic tool for building green brand equity and driving purchase behavior. The study contributes to the literature on AI marketing and green branding by providing empirical evidence on how AI transparency influences consumer behavior through brand perception mechanisms.
Copyright (c) 2026 Nur Aulia Khairani, Nafissa Aisyah Fitri Br Sitepu, Beby Karina Fawzeea https://creativecommons.org/licenses/by-sa/4.0
HOW OVERCONFIDENCE, BIAS, AND HERDING AFFECT TRADING DECISIONS: THE MODERATING ROLE OF ACCOUNTING KNOWLEDGE
This study examines the influence of Overconfidence Bias and Herding Behavior on stock trading decisions among retail traders on the Indonesia Stock Exchange, with Accounting Information Knowledge as a moderating variable. The study is motivated by the rapid surge in retail investor participation reaching 20.32 million by the end of 2025, with 52.59% under the age of 30 dominating 52-77% of daily transactions, yet exhibiting irrational trading patterns characterized by panic selling, overtrading, and portfolio returns lagging 5% below the benchmark index. The sample consists of fifty-one retail traders who actively trade on the Indonesia Stock Exchange, selected through purposive sampling. Structural Equation Modeling-Partial Least Squares was employed to test the proposed hypotheses. The results indicate that Overconfidence Bias has a positive and significant effect on Trading Decisions, suggesting that higher overconfidence leads to more aggressive and impulsive trading decisions. Herding Behavior has a positive and significant effect on Trading Decisions, indicating that retail traders tend to make market trends, community opinion, and social media sentiment the primary basis for decision-making. However, Accounting Information Knowledge does not moderate the relationship between Overconfidence Bias and Trading Decisions, nor between Herding Behavior and Trading Decisions, indicating a gap between textual understanding of financial information and analytical application in real-time decision-making. The findings suggest that psychological biases dominate retail trading behavior while accounting knowledge remains passive and unable to function as a cognitive filter, highlighting the need for literacy programs that develop analytical skills rather than merely transferring knowledge.
Copyright (c) 2026 Muhammad Faisal, Amrie Firmansyah https://creativecommons.org/licenses/by-sa/4.0
MICRO-SEGMENTATION AND CUSTOMER PERSONALIZATION IN THE AGE OF AI AND BIG DATA
This conceptual study examines the transformation of marketing strategies through micro-segmentation and customer personalization in the era of Artificial Intelligence and Big Data. The rapid development of AI and Big Data analytics has fundamentally transformed contemporary marketing practices, yet the integration of these technologies into comprehensive frameworks remains inadequately understood. Drawing upon Dynamic Capabilities Theory, Relationship Marketing Theory, AI-Driven Marketing Theory, and Big Data Analytics Capability Theory, this study synthesizes existing literature to develop a coherent conceptual framework using a systematic literature review approach. The results indicate that AI-powered micro-segmentation significantly enhances targeting accuracy, customer engagement, customer satisfaction, and marketing performance. Artificial Intelligence Capability and Big Data Analytics Capability positively influence Micro-Segmentation effectiveness, enabling organizations to identify customer patterns more accurately and create highly detailed customer segments. Micro-Segmentation positively influences Customer Personalization, allowing organizations to develop highly relevant and customized marketing strategies. Customer Personalization positively influences Marketing Performance and mediates the relationship between Micro-Segmentation and Marketing Performance, indicating that the effectiveness of micro-segmentation is realized primarily through personalized customer experiences. However, concerns regarding privacy, algorithmic bias, data governance, and ethical marketing practices remain critical challenges. The study contributes to the marketing literature by integrating AI-driven personalization and micro-segmentation into a comprehensive conceptual framework that can guide future empirical research and managerial decision-making.
Copyright (c) 2026 Ummu Salmah Tanjung, Shofy Mazaya Siregar, Beby Karina Fawzeea Sembiring https://creativecommons.org/licenses/by-sa/4.0
DETERMINANTS OF ENERGY-SAVING BEHAVIOR AMONG LECTURERS: THE ROLES OF SOCIAL NORMS, HABITS, AND ENVIRONMENTAL AWARENESS IN STMIK CAMPUSES
This study examines the influence of social norms, habit, and environmental awareness on energy saving behavior among lecturers in three accredited Informatics and Computer Management Colleges in Medan, with a total population of 83 lecturers. Using a census technique, the entire population was sampled. Data were collected through a standardized questionnaire and analyzed using multiple linear regression. The results reveal that social norms have a significant positive effect on energy-saving behavior, indicating that the energy-saving behavior of lecturers is influenced by social norms and pressures within the academic environment. Habit has the most dominant positive influence, suggesting that everyday habits play a crucial role in forming energy-saving behavior. Environmental awareness also has a substantial positive effect, confirming that the higher the environmental awareness, the greater the tendency of lecturers to save energy. Simultaneously, these three variables explain a considerable proportion of the variance in energy saving behavior, demonstrating that energy conservation is driven by the integration of social influence, behavior automatization, and environmental cognition. This study contributes theoretically to the development of environmental behavior literature in higher education and practically to the reinforcement of green campus policies. The findings suggest that institutional leaders should establish pro-environmental social norms, create energy-efficient standard operating procedures, implement real-time feedback systems, and organize regular environmental awareness programs to enhance lecturers' motivation toward sustainable behavior. The study highlights that higher education sustainability is driven not only by institutional rules but also by the active behavioral participation of academic staff in the workplace.
Copyright (c) 2026 Feriani Astuti Tarigan, Hendri, Deva Djohan, Nasib, Kabiru Sa'ad Sa'id https://creativecommons.org/licenses/by-sa/4.0
RELATIONAL ACCOUNTABILITY IN CIVIC MOVEMENTS: EVIDENCE FROM THE PAREPARE CITY CARE MOVEMENT
This study examines the deconstruction of accountability in the Parepare City Community Care Movement, an educational volunteer community operating in remote areas of South Sulawesi. The study is motivated by the limitations of formal accountability models in explaining accountability practices in grassroots volunteer movements that work through relationships of trust, presence, care, and impact stories rather than formal reporting structures. A qualitative case study approach was employed with semi-structured in-depth interviews conducted with thirteen informants consisting of founders, administrators, active volunteers, and community leaders. Thematic analysis with a deconstructive orientation was used to read tensions, oppositions, and traces of meaning in informant narratives. The results reveal that accountability in the Parepare City Community Care Movement is practiced through simple reports as traces of trust, narrative-visual accountability through photos, videos, and impact stories that disrupt the dominance of numbers, beneficiary-centered accountability where children and remote communities become the ethical center of responsibility, and remote children as moral auditors whose expectations create ethical pressure shaping volunteer behavior. The study demonstrates that accountability in volunteer movements is not the absence of formalities but minimal formalities linked to strong social relations, where the center of accountability shifts from reports to relationships. The findings contribute to non-profit accountability literature by offering the concept of community-based relational accountability, showing that accountability is not only the obligation to provide accounts but also the willingness to answer the calls of other parties as a promise, presence, and sustainability of relationships.
Copyright (c) 2026 Nur'illiyyien, Alimuddin, Syarifuddin https://creativecommons.org/licenses/by-sa/4.0
HUMAN RESOURCE PRACTICES, ORGANIZATIONAL CULTURE, AND DIGITAL LEADERSHIP: DRIVERS OF EMPLOYEE PERFORMANCE IN A STATE-OWNED PLANTATION COMPANY
This study analyzes the influence of compensation, engagement, competence, and organizational culture on employee performance through the application of digitalization and leadership in PTPN IV Regional I. The research is motivated by the importance of digital transformation and strengthening human resources in increasing organizational effectiveness and work productivity of state-owned plantation companies. A quantitative approach was used by collecting data through questionnaires to 264 employees using the purposive random sampling technique. Data analysis was carried out using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results of the study show that compensation, engagement, competence, and organizational culture have a positive and significant effect on the implementation of digitalization, leadership, and employee performance. In addition, the implementation of digitalization and leadership has also been proven to have a positive and significant effect on employee performance. The results of mediation testing showed that the implementation of digitalization and leadership was able to mediate the relationship between compensation, engagement, competence, and organizational culture on employee performance. These findings confirm that improving employee performance requires integrating human resource management, organizational culture, digital transformation, and adaptive leadership to continuously improve work effectiveness and company competitiveness.
Copyright (c) 2026 Thamrin, Endang Maryanti, Loly, Nasib, Affendy Abu Hassim https://creativecommons.org/licenses/by-sa/4.0
NAVIGATING EARNINGS MANAGEMENT: THE INTERPLAY OF EARNING POWER, SALES GROWTH, AND CORPORATE GOVERNANCE
This study examined whether earning power and sales growth influenced earnings management and whether corporate governance moderated these relationships among cyclical and non-cyclical companies listed on the Indonesia Stock Exchange. The research used a quantitative explanatory design and relied on secondary data obtained from annual reports and financial statements. Earnings management was proxied by the Beneish M-Score, earning power was measured by return on assets, sales growth was measured by the percentage change in net sales, and corporate governance was represented by a governance index based on board independence and audit committee effectiveness. The data were analyzed using regression models with interaction terms, supported by descriptive statistics and classical assumption testing. The results showed that earning power significantly affected earnings management at lower and median risk levels, while sales growth reduced earnings management at the higher risk level. Corporate governance weakened the effect of earning power on earnings management and strengthened the transparency effect of sales growth. These findings indicated that governance mechanisms functioned as an important monitoring device that constrained opportunistic reporting behavior. The study contributed to agency-based earnings management literature by showing that profitability and growth incentives should be interpreted together with governance quality in emerging market settings. The results implied that regulators and firms should strengthen board oversight, audit committee effectiveness, and disclosure discipline to improve financial reporting integrity.
Copyright (c) 2026 Siti Alfiyah, Etty Murwaningsari https://creativecommons.org/licenses/by-sa/4.0
EMOTIONAL INTELLIGENCE, SELF-EFFICACY, AND EMPLOYEE LOYALTY AS PREDICTORS OF EMPLOYEE PERFORMANCE
This study examines the effects of emotional intelligence, self-efficacy, and employee loyalty on employee performance at CV Anugerah Bumi Semesta, an Indonesian company operating in the coffee export industry. The study addresses the competitive demands of the coffee export sector, which require employees to demonstrate effective emotional regulation, confidence in performing work-related tasks, and commitment to organizational objectives. The study employed a quantitative approach involving 103 employees selected using a saturated sampling technique. Data were analyzed using multiple linear regression with IBM SPSS Statistics 26. The results indicate that emotional intelligence has a positive and significant effect on employee performance, demonstrating that employees with better emotional regulation, self-motivation, empathy, and interpersonal skills tend to perform more effectively. Self-efficacy also has a positive and significant effect, indicating that employees with stronger confidence in their abilities are more persistent and capable of achieving work objectives. Employee loyalty has a positive and significant effect on employee performance and represents the largest contribution among the three predictors, followed by self-efficacy and emotional intelligence. Furthermore, emotional intelligence, self-efficacy, and employee loyalty simultaneously have a significant effect on employee performance. The coefficient of determination shows that these three variables explain 30.7% of the variation in employee performance, while 69.3% is explained by other factors. These findings highlight the importance of strengthening emotional intelligence, self-efficacy, and employee loyalty to enhance employee performance and organizational effectiveness.
Copyright (c) 2026 Zulhawati, Meiliyah Ariani, Arifah Rachmawati, Abdullah, Patricia K. Surya https://creativecommons.org/licenses/by-sa/4.0