AJAR
type: channel
description: Atma Jaya Accounting Research (AJAR) is a peer-reviewed journal published by Master Program in Accounting, Universitas Atma Jaya Makassar, twice a year in February and August. Atma Jaya Accounting Research (AJAR) is fully intended to publish accounting and financing articles. This journal provides immediate open access to make research freely available to the public to support a greater global exchange of knowledge. Research methods, especially quantitative and qualitative, are fully accepted. The submitted article can be in Indonesian or English. The decision for acceptance depends on double-blind peer review results. The acceptance decision is made based on an independent review process providing critically constructive and prompt evaluations of submitted manuscripts. Please read and understand the author guidelines for preparation manuscript. The authors submitting a manuscript to the editors should comply with the author guidelines and template. If the submitted manuscript does not comply with the guidelines or uses a different format, it will be formally rejected by the editorial team before being reviewed. Editorial Team will only accept a manuscript that meets the specific format requirements. E-ISSN: 2656-0410, P-ISSN: 2654-590X
publisher: Magister Akuntansi - Universitas Atma Jaya Makassar
language: en
publication name: AJAR
issn: 2654-590X
items: Environmental, Social, Governance (ESG) Disclosure and Firm Value: Role of Firm Size
items: Integrating ESG into the Management Control Systems at Sinhan Bank Indonesia
items: Mechanism for Needs Planning and Budgeting for Regional Property at Public Works, Spatial Planning and Land Department of Banjar District
items: The Effect of Competence and Career Development on Managerial Performance: Work Motivation as a Mediator (Empirical Study at the Primary Tax Service Office in South Sulawesi)
items: The Role of Beyond Budgeting Entry Scan in Local Government Budgeting: A Case Study of Stunting Handling in North Toraja Regency
items: Analysis of Independence, Competence, Objectivity, and Accountability on Audit Quality (Case Study on Public Accountant Firms in Semarang City)
items: The Influence of Managerial Ability and Capital Structure on Firm Value: Cost of Equity as a Mediating Variable
items: The Effect of Financial Distress and Auditor Switching on Audit Report Lag
items: Topic Modeling Analysis of I.Saku on the Play Store using Latent Dirichlet Allocation
items: The Effect of Environmental Performance on Firm Value: Role of Profitability
items: The Impact of Environmental, Social, and Governance Disclosure on Firm Value with Profitability as a Moderating Variable
items: Carbon Emission Disclosure: Antecedents and Consequences (A Study of Manufacturing Companies in Indonesia Stock Exchange)
items: The Influence of Environmental, Social, Governance (ESG) Disclosure on Firm Value: Mediating Role of Earning Quality
items: Analysis of the Effectiveness of Cooperative Accounting Information Systems with the PIECES Benchmark
items: The Effect of Executive Compensation, Executive Risk Preference, and Tax Incentives on Tax Avoidance
items: The Impact of Board Composition on Firm Value Creation through Carbon Emission Activities
items: The Effect of ESG Disclosure on Risk of Financial Distress: Role of Industry Sensitivity
items: Green Accounting Impact on Profitability in Mining Companies Listed in Indonesia Stock Exchange
items: The Effect of Liquidity, Profitability, and Dividend on Firm Value: Role of Capital Structure
items: Role of Managerial Ability on the Relationship between Sustainability Report and Tax Avoidance on Firm Value
items: Brainstorming Audit Team Based on Auditor's Interpersonal Skills in Detecting Fraud
items: Human Capital and Organizational Justice as Stimulant of Innovative Behavior to Achieve Managerial Performance
items: The Role of Managerial Ability in Increasing Firm Value Through Environmental Performance
items: Antecedents of Accountability in Village Fund Management
items: The Moderating Role of Managerial Ability and Institutional Ownership in Sustainability Report on Firm Value
items: The Influence of Corporate Social Responsibility, Net Working Capital, and CEO Duality on Cash Holding
items: Woman on Board and Firm Value: Mediation Role of Environmental Management System
items: The Effect of Environmental Performance, Green Innovation, and Good Corporate Governance on Financial Performance
items: Role of Board Diversity in Achieving Firm Value through Sustainability Performance Creation
items: The Impact of Environmental Management System on Firm Value Through Carbon Emission Disclosure and Environmental Performance

Environmental, Social, Governance (ESG) Disclosure and Firm Value: Role of Firm Size
type: item
description: The purpose of this study is to investigate the effect of environmental, social, and governance (ESG) disclosure on firm value with firm size as a moderating variable. The theory used is signalling theory and stakeholder theory.This study uses a causal quantitative method with a sample of oil, gas and coal subsector companies listed on the Indonesia Stock Exchange (IDX) between 2021-2023. The sample selection was based on a purposive method, resulting in 61 company samples. The type of data used in this study is quantitative data and analyzed using moderation regression analysis to analyze the dependent variable, firm value, and the independent variable, environmental, social, and governance (ESG) disclosure, as well as the moderating variable, company size. The results of this study indicate that environmental, social, and governance (ESG) disclosure has a positive and significant effect on firm value. Meanwhile, company size is proven to weaken the relationship between environmental, social, and governance (ESG) disclosure on firm value.
subject: Articles
  topic: section
subject: ESG disclosure
  topic: keywords
subject: firm value
  topic: keywords
subject: firm size
  topic: keywords
creator: Anthony Holly
creator: Paulus Tangke
creator: Kunradus Kampo
creator: Ricky Alexander Wijaya
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 103
ending page: 123
doi: 10.35129/s8bfrc02

Integrating ESG into the Management Control Systems at Sinhan Bank Indonesia
type: item
description: This study aims to analyze how PT Bank Shinhan Indonesia integrates Environmental, Social, and Governance (ESG) principles into its Management Control System (MCS) to achieve sustainable performance. A qualitative approach with an exploratory study method is used to explore the sustainability integration process in MCS through in-depth interviews with seven key informants from various strategic departments, as well as document analysis such as sustainability reports and internal bank policies. This study is based on institutional theory, focusing on mimetic, coercive, and normative pressures as drivers of MCS change. Eight control indicators studied include planning, policy, operational, employee, customer, product and service innovation, Key Performance Indicator (KPI), and culture. The results show that Bank Shinhan Indonesia has adopted an ESG strategy through internal policies, green product innovation, strengthening sustainability-based KPIs, and embedding ESG values ??into the organizational culture.
subject: Articles
  topic: section
subject: management control systems
  topic: keywords
subject: ESG
  topic: keywords
subject: institutional theory
  topic: keywords
subject: Shinhan Bank Indonesia.
  topic: keywords
creator: Dance Tansil
creator: Fransiskus Eduardus Daromes
creator: Yakobus Kaditti Bangun
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 124
ending page: 149
doi: 10.35129/xsbzr753

Mechanism for Needs Planning and Budgeting for Regional Property at Public Works, Spatial Planning and Land Department of Banjar District
type: item
description: This study aims to analyze the consistency of the mechanism for the needs planning and budgeting of regional assets at the Department of Public Works, Spatial Planning and Land in Banjar Regency for the fiscal year 2022 in relation to applicable regulations. A descriptive qualitative approach was employed, involving Public Works, Spatial Planning and Land Department employees as key informants. Data were collected through interview techniques and documentation studies, then analyzed through stages of data reduction and presentation. The findings reveal that although most procedures have complied with regulatory provisions, administrative constraints persist due to a long-standing pattern of neglect in asset management. The novelty of this research lies in the identification of systemic problems in the form of prolonged administrative neglect, which constitutes the main obstacle to the effectiveness of the Regional Asset Needs Plan. Thus, the issues encountered are not merely technical budgetary constraints, but rather structural and governance-related problems. The implications of these findings emphasize that without transformation of organizational culture and strict standardization of procedures, asset planning will remain a mere formality lacking accurate real data. This study is expected to serve as a strategic reference for the Public Works, Spatial Planning and Land Department in optimizing more accountable regional assets governance.
subject: Articles
  topic: section
subject: budgeting
  topic: keywords
subject: needs planning
  topic: keywords
subject: regional property
  topic: keywords
creator: Oktavina Yoka Pratami
creator: Novita WeningTyas Respati
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 83
ending page: 102
doi: 10.35129/frkbbh27

The Effect of Competence and Career Development on Managerial Performance: Work Motivation as a Mediator (Empirical Study at the Primary Tax Service Office in South Sulawesi)
type: item
description: This study aims to empirically investigate the influence of competence and career development of account representatives on managerial performance. The influence was tested both directly and indirectly through work motivation. The research model was built within the framework of self-determination theory. Data were collected from account representatives from all Primary Tax Service Offices in South Sulawesi using purposive sampling. Online questionnaire was applied to collect data. Data analysis was carried out through multiple regression and Sobel test. The results of the study reveal that competence and the career development of account representatives influence work motivation as well as managerial performance. Further testing using the Sobel test reveals that work motivation mediates the influence of both competence and career development on managerial performance. The results of the study support the self-determination theory of how individuals have the drive to improve their performance based on their experiences with the process of developing competence and their careers in the organization.
subject: Articles
  topic: section
subject: competency
  topic: keywords
subject: career development
  topic: keywords
subject: work motivation
  topic: keywords
subject: managerial performance
  topic: keywords
subject: account representative
  topic: keywords
creator: Triasmi Mayairani Nurdiana
creator: Fransiskus Randa
creator: Suwandi Ng
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 59
ending page: 82
doi: 10.35129/gk6xsh11

The Role of Beyond Budgeting Entry Scan in Local Government Budgeting: A Case Study of Stunting Handling in North Toraja Regency
type: item
description: The study aimed at investigating the role of beyond budgeting entry scan in handling stunting health problem in North Toraja Regency. Descriptive qualitatitave approach was applied to the study. Population of the study were government officers both in financial and health sector. In depth interview was deployed to collect data. Content analysis, which describing answers based on existing theories was applied to analyze the collected data. The results reveal the implementation of stunting management in North Toraja regency focus on synergetic policies between the central, regional and village government. The beyond budgeting entry scan for stunting management in North Toraja Regency improves governmental value in form of decreasing in stunting cases and improves local government programs succes. It is suggested for future research to include wider population and to identify the best strategy in acclerating stunting reduction.
subject: Articles
  topic: section
subject: beyond budgeting
  topic: keywords
subject: government
  topic: keywords
subject: stunting
  topic: keywords
subject: North Toraja Regency
  topic: keywords
creator: Frederik Victor Palimbong
creator: Oktavianus Pasoloran
creator: Cherly Elisabeth Tanamal
creator: Ferdinandus Sampe
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 1
ending page: 21
doi: 10.35129/cgd3m894

Analysis of Independence, Competence, Objectivity, and Accountability on Audit Quality (Case Study on Public Accountant Firms in Semarang City)
type: item
description: This study aim to determine the effect of independence, competence, objectivity, and accountability on audit quality. This study used purposive sampling and distributed questionnaires to auditors at public accounting firm in Semarang. A total of 115 questionnaires were distributed, 107 were returned, and 103 met the criteria, resulting in a sample size of 103. Data analysis was performed using multiple linier regression with SPSS software. The result of this study indicate that independence, competence, and accountability have a positive and significant effect on audit quality. Meanwhile, objectivity has a positive but insignificant effect on audit quality.
subject: Articles
  topic: section
subject: independence
  topic: keywords
subject: competence
  topic: keywords
subject: objectivity
  topic: keywords
subject: accountability
  topic: keywords
subject: audit quality
  topic: keywords
creator: Kholifatun Nafisah
creator: Anton
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 37
ending page: 58
doi: 10.35129/sac0jz59

The Influence of Managerial Ability and Capital Structure on Firm Value: Cost of Equity as a Mediating Variable
type: item
description: The purpose of this study was to investigate the effect of managerial ability and capital structure on cost of equity, the influence of managerial ability, capital structure and cost of equity on firm value and the mediating role of cost of equity on managerial ability and capital structure on firm value. The population used in this study were all manufacturing companies listed on the Indonesia Stock Exchange (IDX) for 2019 – 2021. The total sample was 178 companies for 3 years which were selected using a purposive sampling method. This study uses secondary data in the form of annual reports and financial reports obtained from the IDX database, yahoo finance, and the company's official website. The results of this study indicate that managerial ability and the capital structure of financial statements can increase the cost of equity. The findings also indicate that managerial ability and cost of equity can increase firm value, while capital structure can reduce firm value. These findings imply that companies must pay attention to debt management issues and managerial capabilities in increasing firm value because the company is always paid attention to by all stakeholders.
subject: Articles
  topic: section
subject: managerial ability
  topic: keywords
subject: capital structure
  topic: keywords
subject: cost of equity
  topic: keywords
subject: firm value
  topic: keywords
creator: Clara Alverina Santoso
creator: Suwandi Ng
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 150
ending page: 177
doi: 10.35129/jn7ss158

The Effect of Financial Distress and Auditor Switching on Audit Report Lag
type: item
description: The purpose of this study is to investigate the effect of financial distress and auditor switching on audit report lag. This study uses a purposive sampling method with secondary data sources, namely the financial and annual reports of manufacturing companies on the Indonesia Stock Exchange (IDX) in 2021-2023. The research method used is a quantitative approach with multiple linear regression analysis techniques. The total sample that meets the criteria is 101 companies. The results of this study indicate that financial distress has a negative and significant effect on audit report lag, and auditor switching has a positive and significant effect on audit report lag.
subject: Articles
  topic: section
subject: financial distress
  topic: keywords
subject: auditor switching
  topic: keywords
subject: audit report lag
  topic: keywords
creator: Priska Cecilia Antony
creator: Alfonsus Jantong
creator: Kunradus Kampo
rights: Copyright (c) 2026 AJAR
date: 2026-02-14
publication date: 2026-02-14
starting page: 22
ending page: 36
doi: 10.35129/ap051v36

Topic Modeling Analysis of I.Saku on the Play Store using Latent Dirichlet Allocation
type: item
description: The development of digital wallets in Indonesia shows a rapid growth trend; however, not all applications can maintain user loyalty, including i.Saku, which has received a low rating on the Google Play Store. This study aims to identify the key factors shaping user reviews of the i.Saku application and to formulate service improvement recommendations based on those reviews. The method used is topic modelling with the Latent Dirichlet Allocation (LDA) algorithm applied to 3,000 user reviews from scraping the Play Store. Evaluation was conducted using coherence scores to determine the optimal number of topics, resulting in four main themes: (1) balance issues and customer service response, (2) transaction convenience and core features, (3) PIN and account access problems, and (4) login and verification obstacles. The analysis reveals that most negative reviews are related to technical issues and customer service, while positive reviews are dominated by ease of transaction. This study provides valuable insights for i.Saku developers to prioritize service improvements based on dominant issues identified in user reviews.
subject: Articles
  topic: section
subject: i.Saku
  topic: keywords
subject: user reviews
  topic: keywords
subject: Latent Dirichlet Allocation
  topic: keywords
subject: topic modeling
  topic: keywords
subject: review analysis
  topic: keywords
creator: Aulya Dialira Zahra
creator: Syamsu Alam
creator: Andi Ruslan
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 325
ending page: 338
doi: 10.35129/bzh27s35

The Effect of Environmental Performance on Firm Value: Role of Profitability
type: item
description: This study aims to analyze environmental performance's effect on firm value and profitability can moderate the effect of environmental performance on firm value. This study uses stakeholder theory and signaling theory. This study uses secondary data. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange during the 2021-2023 period. The number of companies that met the sampling criteria was 33 companies with a total sample of 99. The data analysis technique for this study was carried out using the Statistical Package for the Social Sciences (SPSS) software. The results of this study indicate that environmental performance has a significant effect on firm value. The results of this study also indicate that profitability can moderate the effect of environmental performance on firm value.
subject: Articles
  topic: section
subject: firm value
  topic: keywords
subject: profitability
  topic: keywords
subject: environmental performance
  topic: keywords
creator: Michel Tunggadi
creator: Kunradus Kampo
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 292
ending page: 306
doi: 10.35129/jz1hhx79

The Impact of Environmental, Social, and Governance Disclosure on Firm Value with Profitability as a Moderating Variable
type: item
description: The purpose of this research is to analyze the effect of environmental, social, and governance (ESG) disclosure on firm value. This study also analyzes profitability as a moderator of the influence of environmental, social, and governance (ESG) disclosure on firm value. This research uses stakeholder theory and signaling theory to explain the relationship between the variables. The population used in this research were non-financial companies listed on the Indonesia Stock Exchange during the 2021-2023 period. This study used a purposive sampling method for sample selection. The sample size was 92 companies. The analytical method used in this research was moderated regression analysis, and hypothesis testing was conducted using a partial t-test. The results of this research indicate that environmental, social, and governance (ESG) disclosure have a positive and significant effect on firm value. Profitability strengthens the influence of environmental, social, and governance (ESG) disclosure on firm value by acting as a quasi-moderator.
subject: Articles
  topic: section
subject: ESG disclosure
  topic: keywords
subject: firm value
  topic: keywords
subject: profitability
  topic: keywords
creator: Verica Frangsisca Tansil
creator: Paulus Tangke
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 211
ending page: 233
doi: 10.35129/t3xk6s74

Carbon Emission Disclosure: Antecedents and Consequences (A Study of Manufacturing Companies in Indonesia Stock Exchange)
type: item
description: This study aims to analyze the effect of profitability on carbon emission disclosure, analyze the effect of leverage on carbon emission disclosure, analyze the effect of carbon emission disclosure on bid-ask price differences, analyze the effect of carbon emission disclosure on trading volume, analyze the effect of carbon emission disclosure on stock price volatility. This study uses stakeholder theory and signalling theory. This study uses secondary data. The population in this study were manufacturing companies listed on the Indonesia Stock Exchange during the 2020-2023 period. The number of companies that met the sampling criteria was 16 companies with a total sample of 64. The data analysis technique for this study was carried out using the Statistical Package for the Social Sciences (SPSS) software. The results of this study indicate that profitability has a positive and insignificant effect on carbon emission disclosure, leverage has a negative and insignificant effect on carbon emission disclosure, carbon emission disclosure has a negative and significant effect on bid-ask price differences, carbon emission disclosure has a positive and significant effect on trading volume, and carbon emission disclosure has a positive and insignificant effect on stock price volatility.
subject: Articles
  topic: section
subject: carbon emission disclosure
  topic: keywords
subject: bid-ask price spread
  topic: keywords
subject: stock price volatility
  topic: keywords
creator: Hieronimus Stephen
creator: Daniel L Pakiding
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 234
ending page: 261
doi: 10.35129/0x6xet85

The Influence of Environmental, Social, Governance (ESG) Disclosure on Firm Value: Mediating Role of Earning Quality
type: item
description: This study aims to investigate the effect of environmental, social, governance (ESG) disclosure as a mechanism to improve firm value through earnings quality as a mediator. This study uses stakeholder theory as the main theory and signal theory as a supporting theory. This study uses secondary data in the form of annual reports and sustainability reports of non-financial companies listed on the Indonesia Stock Exchange (IDX) for the 2021-2023 period. The number of samples was 109 company data for 3 years, which was selected using the purposive sampling method. The results of this study show that ESG disclosure has a positive and significant effect on earnings quality. Earnings quality has a positive but not significant effect on firm value. ESG disclosure has a positive and significant effect on firm value. In addition, earnings quality do not play a role in mediating the relationship between ESG disclosure and firm value.
subject: Articles
  topic: section
subject: ESG disclosure
  topic: keywords
subject: earnings quality
  topic: keywords
subject: firm value
  topic: keywords
creator: Melihana Bilang La'bi'
creator: Fransiskus Eduardus Daromes
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 262
ending page: 291
doi: 10.35129/02a0dm70

Analysis of the Effectiveness of Cooperative Accounting Information Systems with the PIECES Benchmark
type: item
description: This study aims to determine the effectiveness of the implementation of the Cooperative accounting information system. The location of the study is the Wastralingga Cooperative, located in Purbalingga, Central Java. The study was conducted by analyzing the workflow and components of the accounting information system before and after the improvement, and analyzing the effectiveness of the accounting information system before and after the improvement. The accounting information system (AIS) used by the Wastralingga Cooperative consists of two main parts: the cooperative financial system and the cooperative commission system. The data used in this study are primary data obtained from interviews and observations, as well as secondary data from documentation. Data were analyzed through reduction, presentation, drawing conclusions, and verification using triangulation techniques and sources. The analysis conducted using the PIECES framework benchmark shows that the Wastralingga AIS is useful in improving the efficiency and accuracy of bookkeeping and financial reporting, but there is still ineffectiveness in the aspect of system security control. Recommendations for improvement for the Wastralingga cooperative accounting information system include documentation standardization, user training, and improving security features. Furthermore, periodic evaluation and maintenance are also needed to ensure optimal system performance. The results of this study provide a contribution in terms of piloting the development of accounting information systems in cooperatives and serve as a reference for further research in line with this.
subject: Articles
  topic: section
subject: accounting information system
  topic: keywords
subject: cooperative
  topic: keywords
subject: PIECES benchmark
  topic: keywords
creator: Aldi Matriansyah
creator: Eliada Herwiyanti
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 189
ending page: 210
doi: 10.35129/5579hj85

The Effect of Executive Compensation, Executive Risk Preference, and Tax Incentives on Tax Avoidance
type: item
description: This study aims to analyze the effect of executive compensation, tax incentives, and executive risk preferences on tax avoidance. The data collection technique uses purposive sampling with entities from the manufacturing sector. The results of data collection were obtained from 96 companies with a period of two years, namely 2022 and 2023. The tool that supports the processing process in data analysis is SPSS Version 27 software. The results of the study revealed that executive compensation and tax incentives do not have a significant effect on the phenomenon of tax avoidance. On the other hand, risk preferences or executive character have a significant effect on tax avoidance actions. This study combines agency theory and planned behavior theory to understand the causes of tax avoidance. The theoretical impact of the study is to enrich the literature on tax avoidance by adding the perspective of executive risk preferences as the main influencing factor. Furthermore, this study also confirms the relevance of agency theory and planned behavior theory. Practically, the findings in this study can be a reference for various parties who are designing more effective policies.
subject: Articles
  topic: section
subject: executive compensation
  topic: keywords
subject: executive risk preferences
  topic: keywords
subject: tax incentives
  topic: keywords
subject: tax avoidance
  topic: keywords
creator: Theresia Ivana Ariyanto
creator: Weli Weli
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 307
ending page: 324
doi: 10.35129/pcf6xg27

The Impact of Board Composition on Firm Value Creation through Carbon Emission Activities
type: item
description: The purpose of this study was to investigate the effect of board composition on the creation of firm value through carbon emission disclosure. Population used in the whole company non-financial listed in Indonesia Stock Exchange period 2019-2022. Number of sampels are 57 firms, was selected by purposive sampling method. The analytical method used is path analysis and Sobel test for hypothesis mediation analysis. The result of analysis show that board of director size, gender diversity of commissioner, and audit committee have positive and significant effect on carbon emission disclosure. While carbon emission disclosure have positive and significant effect on firm value. This research also show that the carbon emission disclosure do not mediate the effect of board of director size, gender diversity of commissioner, and audit committee on firm value. The implication is the firms should pay more attention to the company activities with the surrounding enviroment through the formation of board composition.
subject: Articles
  topic: section
subject: board composition
  topic: keywords
subject: carbon emission disclosure
  topic: keywords
subject: firm value
  topic: keywords
creator: Kevin Indra Yadikarsa
creator: Suwandi Ng
rights: Copyright (c) 2025 AJAR
date: 2025-08-18
publication date: 2025-08-18
starting page: 161
ending page: 188
doi: 10.35129/cxv4yw16

The Effect of ESG Disclosure on Risk of Financial Distress: Role of Industry Sensitivity
type: item
description: This study aims to investigate the moderating role of industry sensitivity in the influence of environmental, social, and governance disclosures (ESG disclosure) on financial distress risk. The population used are nonfinancial companies listed on the Indonesia Stock Exchange (IDX) in 2019-2021. The sample collection method chosen is the purposive sampling method. With this sample collection method, 849 companies were added to the sample pool. The type of data used in this study are documentary data in the form of annual financial statements and annual reports of companies that are tested using multiple linear regression analysis subgroup method. The results of this study indicate that simultaneously dan partially, environmental, social, and governance disclosures have a positive and significant influence on Altman score. The higher the Altman score obtained indicates the lower the risk level of a firm’s financial distress. In addition, industry sensitivity regarding environmental issues does not moderate the relationship between environmental, social and governance disclosures on financial distress risk. The implications of this study are to provide an overview and consideration for the company in order to increase awareness and responsiveness to the social and environmental aspects surrounding the company and encourage the company to implement good governance practices. Another implication of this research is to provide input for users of financial statements, especially investors, to pay attention to environment, social, and governance disclosure as a consideration in making investment decisions.
subject: Articles
  topic: section
subject: social disclosure
  topic: keywords
subject: environmental disclosure
  topic: keywords
subject: governance disclosure
  topic: keywords
subject: financial distress risk
  topic: keywords
subject: industry sensitivity
  topic: keywords
creator: Kezia Hertasneng Liwa
creator: Fransiskus Eduardus Daromes
creator: Marselinus Asri
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 208
ending page: 235
doi: 10.35129/ajar.v7i02.522

Green Accounting Impact on Profitability in Mining Companies Listed in Indonesia Stock Exchange
type: item
description: The aim of the research is to analyze the effect of green accounting to profitability on mining company listing in Indonesia Stock Exchange. Sample is 20 mining companies between 2017 – 2021. Sample selected using purposive sampling. Data retrived from annual report dan proper rating report. Data analyzed using multiple regression method. The results of research are, envireomental performance has positive and significant effect on profitability and enviroenmental disclosure has no effect on profitability.
subject: Articles
  topic: section
subject: Green Accounting
  topic: keywords
subject: Environmental Performance
  topic: keywords
subject: Environmental Disclosure
  topic: keywords
subject: Profitability
  topic: keywords
creator: Siswadi Sululing
creator: Aulia Dako
creator: Teri Teri
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 187
ending page: 207
doi: 10.35129/ajar.v7i02.510

The Effect of Liquidity, Profitability, and Dividend on Firm Value: Role of Capital Structure
type: item
description: The aim of this research is to examine the effect of profitability, liquidity, and dividend policy on firm value with structure of capital as moderating variable. The research population, property, and real estate firms listed on the Indonesia Stock Exchange between 2018 and 2022. Purposive sampling combined with casewise diagnostics allowed for the selection of 101 observational data points for research samples. Descriptive statistics, multiple linear regression analysis, and moderated regression analysis were used for data analysis. Firm value is estimated by Tobin's Q ratio. The analysis results prove that profitability with return on assets shows a negative significant effect on firm value, liquidity with cash ratio does not affect firm value, and dividend policy with dividend pay-out ratio shows a positive significant effect on firm value. Structure of capital with debt on equity strengthens the effect of liquidity on firm value but does not moderate the effect of profitability and dividend policy on firm value.
subject: Articles
  topic: section
subject: Firm Value
  topic: keywords
subject: Profitability
  topic: keywords
subject: Liquidity
  topic: keywords
subject: Dividend Policy
  topic: keywords
subject: Capital Structure
  topic: keywords
creator: Thio Anastasia Petronila
creator: Angel Aprilianti
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 137
ending page: 157
doi: 10.35129/ajar.v7i02.517

Role of Managerial Ability on the Relationship between Sustainability Report and Tax Avoidance on Firm Value
type: item
description: The purpose of the study is to investigate the effect of managerial ability sustainability report and tax avoidance on firm value. This research uses purposive sampling method in sample selection. The data sources in this study are annual reports and sustainability reports of non-financial companies listed on the Indonesia Stock Exchange for the period 2019 to 2021. Total of samples that met the criteria are 18 companies. The data collection method used is observation method. The study uses moderation regression analysis. The results show that sustainability report has a negative and no significant impact on firm value, tax avoidance has a positive and significant impact on firm value, managerial ability to strengthens the positive and significant influence between the sustainability report and firm value, managerial ability weakens the negative and no significant influence between the tax avoidance and firm value.
subject: Articles
  topic: section
subject: Sustainability Report
  topic: keywords
subject: Tax Avoidance
  topic: keywords
subject: Managerial Ability
  topic: keywords
subject: Firm Value
  topic: keywords
creator: Emylia Kusuma Gunawan
creator: Suwandi Ng
creator: Ana Mardiana
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 158
ending page: 186
doi: 10.35129/ajar.v7i02.527

Brainstorming Audit Team Based on Auditor's Interpersonal Skills in Detecting Fraud
type: item
description: The purpose of this research is to empirically test the effect of audit team brainstorming based on the auditor's interpersonal abilities in detecting fraud in auditors at KAP Semarang City. The population in this study was 28 KAPs in Semarang City. The sampling technique uses non-probability sampling with a purposive sampling technique, namely a data source sampling technique with certain considerations. These considerations include auditors who work at KAP in Semarang City, work for at least one year, and are willing to fill out a questionnaire. From this sampling technique, a sample of 103 respondents was obtained. This research uses the Structural Equation Modeling (SEM) analysis method with LISREL 8.80 software. Based on the results of the hypothesis test, it can be concluded that the Auditor's Interpersonal Ability has a positive and significant effect on Fraud Detection. The Auditor's Interpersonal Ability has a positive and significant effect on the Audit Team's Brainstorming. Audit Team Brainstorming doesn’t have a positive and significant effect on Fraud Detection and the Auditor's Interpersonal Abilities does not have a positive and significant effect on Fraud Detection through Audit Team Brainstorming.
subject: Articles
  topic: section
subject: audit team brainstorming
  topic: keywords
subject: auditor interpersonal ability
  topic: keywords
subject: fraud detection
  topic: keywords
creator: Anton Anton
creator: Afni Feiby Megasilva Mowilos
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 128
ending page: 160
doi: 10.35129/ajar.v8i01.574

Human Capital and Organizational Justice as Stimulant of Innovative Behavior to Achieve Managerial Performance
type: item
description: This study aims to provide empirical evidence on how Human capital and organizational justice may influence managerial performance directly and through innovative behavior. The research model was constructed using the organizational justice Theory perspective. The research population was account representatives at all Primary Tax Service Offices in South Sulawesi. Purposive sampling method was applied to determine respondents for data collection. The data collection method was carried out through an online survey. Data analysis were carried out using multiple regression and path analysis. The results of the study indicate that both Human capital and organizational justice have significant effect on innovative behavior. Furthermore, Human capital has a significant effect on managerial performance. However, conversely, organizational justice does not have a significant effect on managerial performance. Further findings reveal that innovative behavior mediates the influence of both Human capital and organizational justice on managerial performance.
subject: Articles
  topic: section
subject: human capital
  topic: keywords
subject: organizational justice
  topic: keywords
subject: innovative behavior
  topic: keywords
subject: managerial performance
  topic: keywords
creator: Wildan Ridwan
creator: Fransiskus Eduardus Daromes
creator: Ferdinandus Sampe
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 97
ending page: 127
doi: 10.35129/ajar.v8i01.576

The Role of Managerial Ability in Increasing Firm Value Through Environmental Performance
type: item
description: This study aims to investigate the effect of managerial ability on firm value through environmental performance. The theories used in this study to support the explanation of the relationship between variables are agency theory, stakeholder theory, and RBV theory. This study uses secondary data in the form of annual financial reports. The population of this study were all non-financial companies listed on the Indonesia Stock Exchange during the 2018-2022 period. The number of companies that meet the criteria of this study are 45 companies with a total sample of 225 data units. This research data analysis technique uses path analysis. The results of this study indicate that managerial ability has a negative and significant effect on environmental performance, managerial ability has a positive and significant effect on firm value, and environmental performance cannot mediate the effect of managerial ability on firm value.
subject: Articles
  topic: section
subject: managerial ability
  topic: keywords
subject: environmental performance
  topic: keywords
subject: firm value
  topic: keywords
creator: Alexandra Ellysa Rustan
creator: Marselinus Asri
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 81
ending page: 96
doi: 10.35129/ajar.v8i01.559

Antecedents of Accountability in Village Fund Management
type: item
description: In the study, re-testing factors that are thought to have an impact on the accountability of village fund management was carried out. The purpose of the study was to test the influence of Community Participation, Use of Information Technology, Competence of Village Apparatus, and Internal Control System on the Accountability of Village Fund Management. The object of the study was a village device in Astambul Subdistrict of Astambul District. The population in the study numbered 308. Sampling using judgment sampling. The number of samples analyzed was 150 respondents. Primary data was collected through questionnaires that were directly directed to the respondents. Test the hypothesis using multiple linear regression. The results of the study show that community participation has no impact on the accountability of village management. However, the use of technology, the competence of the village apparatus, and the internal control system have a positive impact on the accountability of the management of the Village Fund. The research is expected to be input, information and consideration for village administration, for example by adding means of community aspiration, maximum use of information technology, procurement of seminars and training, and carrying out an inventory of village assets.
subject: Articles
  topic: section
subject: information technology
  topic: keywords
subject: competence
  topic: keywords
subject: internal control
  topic: keywords
subject: accountability
  topic: keywords
subject: village funds
  topic: keywords
creator: Hilda Safitri
creator: Novita WeningTyas Respati
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 61
ending page: 80
doi: 10.35129/ajar.v8i01.557

The Moderating Role of Managerial Ability and Institutional Ownership in Sustainability Report on Firm Value
type: item
description: The purpose of this study is to investigate the moderating role of managerial ability and institutional ownership in sustainability report on firm value. The theories used in this study are stakeholder theory and agency theory. This study uses secondary data. The data sources in this study are financial report and sustainability report published by manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2020-2022. Sample selection was carried out using the purposive sampling method so that a sample size of 22 companies was obtained over 3 years. The data analysis technique used is moderated regression analysis. The results of this study indicate that sustainability report have a positive and significant effect on firm value, managerial ability moderates the effect of sustainability report on firm value, and institutional ownership cannot moderate the effect of sustainability report on firm value.
subject: Articles
  topic: section
subject: sustainability report
  topic: keywords
subject: managerial ability
  topic: keywords
subject: institutional ownership
  topic: keywords
subject: firm value
  topic: keywords
creator: Jeniva Zefanya Liangdri
creator: Suwandi Ng
creator: Paulus Tangke
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 36
ending page: 60
doi: 10.35129/ajar.v8i01.545

The Influence of Corporate Social Responsibility, Net Working Capital, and CEO Duality on Cash Holding
type: item
description: This Study aims to determine the effect of corporate social responsibility (CSR), net working capital (NWC), and CEO Duality in banking sub-sector companies listed on the Indonesia Stock Exchange from 2018 to 2022. The data collection method used is purposive sampling, with a total sample of 25 banking companies listed on the Indonesia stock exchange from 2018 to 2022. Data analysis in this research was conducted using Partial Least Square (PLS) – Structural Equation Modeling (SEM). The results of this study are corporate social responsibility has a negative infuence on cash holding, net working capital has a positive influence on cash holding and ceo duality has a negative influence on cash holding.
subject: Articles
  topic: section
subject: corporate social responsibility
  topic: keywords
subject: net working capital
  topic: keywords
subject: CEO duality
  topic: keywords
subject: cash holding
  topic: keywords
creator: Amalia Ilmiani
creator: Dinda Maulin Mutmainah
creator: Komala Ardiyani
creator: Dinda Amalia Mahmudah
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 22
ending page: 35
doi: 10.35129/ajar.v8i01.534

Woman on Board and Firm Value: Mediation Role of Environmental Management System
type: item
description: This study investigates the role of woman on board in increasing firm value through the environmental management system. The relationships between variables in this research are supported by stakeholder theory, agency theory and signal theory. This study uses secondary data. The population in this study are all non-financial companies that are published in the Indonesia Stock Exchange during the 2018-2022 period. The number of companies that meet the criteria is 116 companies with a total sample of 580 data units. The data analysis technique of this study uses path analysis. This study provides that woman on board have a positive and significant effect on environmental management system, environmental management system have a positive and significant effect on firm value, and environmental management system can mediate the effect of woman on board on firm value.
subject: Articles
  topic: section
subject: firm value
  topic: keywords
subject: woman on board
  topic: keywords
subject: environmental management system
  topic: keywords
creator: Emelyn Hosni Thamrin
creator: Suwandi Ng
creator: Cherly E Tanamal
rights: Copyright (c) 2025 AJAR
date: 2025-02-05
publication date: 2025-02-05
starting page: 1
ending page: 21
doi: 10.35129/ajar.v8i01.543

The Effect of Environmental Performance, Green Innovation, and Good Corporate Governance on Financial Performance
type: item
description: The aim of this research is to analyze the influence of environmental performance, green innovation, and good corporate governance on financial performance. The population used is manufacturing companies listed on the Indonesia Stock Exchange in 2020 - 2022. This research uses a panel data regression model with a population of 495 units. The number of samples used was 109 units selected using the purposive sampling method. This research uses documentation data collection techniques where data is obtained through financial reports, annual reports and company sustainability reports. The results of this research use panel data regression analysis fixed effect model which shows that partially environmental performance, green innovation and good corporate governance have no effect on financial performance. Meanwhile, environmental performance, green innovation and good corporate governance simultaneously influence financial performance.
subject: Articles
  topic: section
subject: environmental performance
  topic: keywords
subject: green innovation
  topic: keywords
subject: good corporate governance
  topic: keywords
subject: financial performance
  topic: keywords
creator: Agustina Sulistyo Wati
creator: Lyna Latifah
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 296
ending page: 323
doi: 10.35129/ajar.v7i02.520

Role of Board Diversity in Achieving Firm Value through Sustainability Performance Creation
type: item
description: This study explores the role of board diversity in achieving firm value through sustainability performance. This study uses secondary data from annual reports and sustainability reports of non-financial companies listed on the Indonesia Stock Exchange during the 2019-2021 period. The purposive sampling method was used to select 41 companies as research samples. Path analysis and linear regression statistical tests were used as analytical tools. The results show that of the board diversity factors studied, only the proportion of women on the board of directors and the competence of the board of directors have a significant positive influence on corporate sustainability performance. Meanwhile, board age and the proportion of independent commissioners also have a positive but statistically insignificant effect on sustainability performance. Foreign national members on the board of directors show an insignificant negative effect. Disclosure of sustainability performance on firm value shows a positive but statistically insignificant effect. Sobel test results show that disclosure of sustainability performance does not mediate the relationship between the variables of board age, proportion of women on the board of directors, board competence, foreign national members on the board of directors, and proportion of independent commissioners with firm value. Overall, this study contributes to understanding how factors in board diversity can influence corporate sustainability performance, although not all factors show a significant influence on firm value through sustainability performance disclosure.
subject: Articles
  topic: section
subject: Board Diversity
  topic: keywords
subject: Proportion of Independent Commissioners
  topic: keywords
subject: Sustainability Performance
  topic: keywords
subject: Firm Value
  topic: keywords
creator: Brigita Christine Fonnardy
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 263
ending page: 295
doi: 10.35129/ajar.v7i02.526

The Impact of Environmental Management System on Firm Value Through Carbon Emission Disclosure and Environmental Performance
type: item
description: The purpose of this study was to examine the impact of environmental management systems on firm value through the mechanism of carbon emission disclosure and environmental performance. This study uses secondary data. The data sources in this study are annual reports and sustainability reports of nonfinancial companies listed on the Indonesia Stock Exchange for the period 2019 until 2022. The sample selection was carried out using a purposive sampling method, with a total sample of 32 non-financial companies. This study uses path analysis and statistical tests of linear regression. The results of this study indicate that the environmental management system has a positive and significant effect on carbon emission disclosure. The environmental management system has a positive and significant effect on environmental performance. Carbon emission disclosure and environmental performance have a positive and significant effect on firm value. In addition, the results of the Sobel test show that carbon emission disclosure and environmental performance can mediate the impact of environmental management systems on firm value.
subject: Articles
  topic: section
subject: Environmental Management Systems
  topic: keywords
subject: Carbon Emission Disclosure
  topic: keywords
subject: Environmental Performance
  topic: keywords
subject: Firm Value
  topic: keywords
creator: Andrian Limang
creator: Suwandi Ng
creator: Paulus Tangke
rights: Copyright (c) 2024 AJAR
date: 2024-08-08
publication date: 2024-08-08
starting page: 236
ending page: 262
doi: 10.35129/ajar.v7i02.524