JRAP (Jurnal Riset Akuntansi dan Perpajakan)
JRAP (Journal of Accounting and Taxation Research) was published by the Master of Accounting Program at the Postgraduate School of the Pancasila University. JRAP (Accounting Research and Taxation Journal) receives scientific articles from empirical research and conceptual discussion articles for accounting and taxation. JRAP (Accounting Research Journal and Taxation) was published starting in 2014 for Volume 1 No 1. Issuance of Volume 1 No 1 to Volume 5 No. 1 and 2 of 2018 using the online address http://www.jrap.univpancasila.ac.id. In 2019 regulations / universities issue scientific issue policies in the form of online-based scientific journals using one address at http://www.journal.univpancasila.ac.id. This is the url address of JRAP (Accounting Research and Taxation Journal) at http://Journal.univpancasila.ac.id/index.php/jrap. Journals published one know twice January-June and July-December. Journal management uses a combination of e-mail and online journals related to publications. The development of governance of collaborative journals with the ALJEBI (Aliansi Jurnal Ekonomi dan Bisnis) and IAI-KAPd (Ikatan Akuntan Indonesia Kompatemen Akuntan Pendidik).
Magister Akuntansi Universitas Pancasila
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The Effect of Tax Knowledge, Personality, Religiosity, Service Quality, and Tax Awareness on Individual Tax Compliance
Purpose: This research aims to examine and analyse the influence of individual and institutional factors on the tax compliance of individual taxpayers in Indonesia. Specifically, the study investigates the role of tax knowledge, personality traits, religiosity, service quality, and tax awareness in shaping compliance behaviour. Methodology: The research employs a quantitative approach using a structured survey method. Data were collected from 324 respondents selected through purposive sampling across Indonesia. Data analysis was conducted using Structural Equation Modelling with Partial Least Squares (SEM-PLS) technique to evaluate the hypothesised relationships among the variables. Findings: The findings indicate that tax knowledge, personality traits (particularly responsibility and discipline), the quality of fiscal services, and tax awareness have a positive and significant impact on tax compliance. However, religiosity does not demonstrate a statistically significant influence on compliance, suggesting that moral or spiritual values do not always correlate directly with fiscal responsibility in this context. Implication: These findings provide insights for policymakers regarding the importance of enhancing tax education and the quality of institutional services as strategies to encourage voluntary compliance. More effective strategies involve simplifying information and providing professional services rather than solely relying on ethical or moral approaches. Originality: This research integrates psychological (personality), sociological (religiosity), and institutional (service quality) factors simultaneously to provide a comprehensive overview of taxpayer behaviour in Indonesia. The study also highlights a gap between symbolic religiosity and actual behaviour in tax compliance within the local context.
tax compliance, tax knowledge, personality, religiosity, service quality
Copyright (c) 2026 Primandita Fitriandi https://creativecommons.org/licenses/by-sa/4.0
Can the free money transfer system application be considered a breakthrough in financial technology?
Abstract Purpose: This study analyzes the customer experience of users of a free money transfer application in Indonesia. The application, developed by local innovators, enables users to transfer funds between bank accounts at no cost, representing an important contribution to the national fintech ecosystem. Methodology: The study employs Structural Equation Modeling–Partial Least Squares (SEM-PLS) as the analytical tool. Data were collected from users of the original Indonesia-based application designed to facilitate free money transfers. Findings: The results indicate that Ease of Use, Perceived Value, Customer Support, and Assurance do not significantly influence customer experience in the context of free money transfers. Unlike other fintech platforms, this application shows a different pattern of determinants. Speed and Perceived Firm Innovation emerge as the primary factors shaping customer experience. Implication: The findings may be used to guide the development of strategies to improve customer experience. Developers and policymakers should prioritize enhancements related to service speed and perceived innovativeness, as these represent the most influential factors for users of free-to-use money transfer applications. Originality: This study provides insight into customer experience in a uniquely Indonesian fintech application, offering an alternative perspective compared to studies focusing on commercial or fee-based fintech services. Keywords: Customer Experience; Fintech; Free Money Transfer
Copyright (c) 2026 Rini Subekti, Elisabeth Ria Viana Praningtyas, Putu Ayu Anggya Agustina, Indah Setia Utami https://creativecommons.org/licenses/by-sa/4.0
COSO Framework-Based Internal Control in University Cooperatives and Its Impact on Financial Statement Quality
Purpose: This study investigates the influence of COSO-based internal control components on the quality of financial statements in higher education cooperatives and explores implementation practices through quantitative and qualitative approaches. Methodology: A mixed-method design with a sequential explanatory strategy was employed. The quantitative phase applied SEM-PLS using SmartPLS 4.0 on 66 members of the STIE Mandala Cooperative. Exogenous variables included the control environment, risk assessment, control activities, information and communication, and monitoring, while the endogenous variable was financial statement quality. The qualitative phase involved in-depth interviews with supervisors, chairpersons, and treasurers, complemented by benchmarking with other university cooperatives. Finding: Quantitative results indicate that the control environment and monitoring significantly affect financial statement quality, whereas risk assessment, control activities, and information and communication show no significant effect. Qualitative insights reveal weak internal control implementation due to a trust-based culture, limited resources, and administrative procedures. Benchmarking highlights good practices such as stronger supervisory roles, formalized documentation, and the use of information technology to enhance control effectiveness. Implication: Strengthening the control environment and monitoring mechanisms is essential to improving cooperative financial reporting, supported by systematic risk management, consistent control activities, and effective communication. Originality: By integrating SEM-PLS analysis with qualitative insights and benchmarking, this study provides a comprehensive understanding of COSO Framework-based internal control effectiveness in university cooperatives.
Copyright (c) 2025 Ihrom Caesar Ananta Putra, Ratih Rakhmawati https://creativecommons.org/licenses/by-sa/4.0
Sales Growth as a Moderating Variable: The Effect of Capital Intensity and Financial Distress on Tax Aggressiveness
Purpose This study aims to examine the effect of capital intensity and financial distress on tax aggressiveness, with sales growth as a moderating variable, in industrial sector companies listed on the Indonesia Stock Exchange (IDX) during the 2019–2023 period. Methodology This research employs a quantitative associative approach using secondary data obtained from the annual financial statements of industrial sector firms listed on the IDX. The sample consists of 14 companies selected through purposive sampling, resulting in 70 firm-year observations. Panel data regression and Moderated Regression Analysis (MRA) were applied using EViews 12. Findings The findings indicate that tax aggressiveness is strongly impacted negatively by financial difficulty but not significantly by capital intensity. Furthermore, neither the association between financial distress and tax aggressiveness nor the relationship between capital intensity and tax aggressiveness are moderated by sales growth. Implication The findings provide practical implications for management, investors, and policymakers in understanding corporate tax behavior, particularly under financial distress conditions. Originality This study contributes to the tax aggressiveness literature by incorporating sales growth as a moderating variable in the Indonesian industrial sector context.
capital intensity, financial distress, sales growth, tax aggressiveness
Copyright (c) 2025 Nur Indah Ambarwati, Napisah https://creativecommons.org/licenses/by-sa/4.0
The Influence of Financial Attitude, Financial Knowledge, and Income on Investment Decisions Mediated by Financial Behavior
Purpose: Investment decisions are an important aspect to understand in investing. An investment decision is a decision to release funds now with the hope of generating a future cash flow with an amount greater than the funds released at the time of the initial investment. This study aims to analyze the influence of financial attitude, financial knowledge, and income on investment decisions mediated by financial behavior. Methodology: To achieve the research objectives, primary data was used through questionnaires distributed to employees of PT. Citra Niaga Abadi (CNA). The number of samples used in the study was 100 respondents using saturated samples. Path analysis was used as a data analysis method. Finding: The results showed that financial knowledge and financial behavior have a positive effect on investment decisions. However, financial attitude and income have a negative effect on investment decisions. Then, financial attitude, financial knowledge and income have a positive effect on financial behavior. The financial behavior variable is able to moderate financial attitude, financial knowledge and income on investment decisions. Implication: The findings suggest that enhancing financial behavior can be an effective strategy to improve investment decisions, even when financial attitude and income do not directly support positive investment outcomes. Originality: This study uniquely incorporates financial behavior as a mediating variable between financial attitude, financial knowledge, and income in shaping investment decisions—an approach rarely explored in the context of corporate employees.
Copyright (c) 2025 Dede Hilman, Herry Achmad Buchory https://creativecommons.org/licenses/by-sa/4.0
Accounting Perspective of Malang Bantengan Culture with an Ethnomethodological Approach
Purpose: This research aims to uncover the values of local wisdom contained in "Bantengan" and financing in the art of "Bantengan". Methodology: The type of method used is a qualitative method with an ethnomethodological approach where the author analyzes a culture in the form of the art of "Bantengan" which focuses on "Reality" or the reality of social aspects in daily life. Finding: The results of the study show that the art of bantengan contains the values of wisdom which include "Guyup Rukun" (Togetherness), "Kekang Control" (Guide), and "Paseduluran" (Brotherhood). Implication: The accounting practice in this case the financing of the bantengan does not record or bookkeeping in any form. Funds are sourced from personal money and player dues only. Originality: The novelty of this research lies in the disclosure of the values of local wisdom in the art of Bantengan which is integrated with the practice of non-formal financing without accounting records, which has not been widely studied in the context of ethnomethodology.
Copyright (c) 2025 Riski Nur Utami, Ana Sopanah, Syamsul Bahri https://creativecommons.org/licenses/by-sa/4.0
Mosque Financial Management: Accounting Recording System Analysis
Purpose: This research was conducted to analyze whether a quality accounting system can be realized by implementing ISAK 35 and how the ISAK 35 accounting system will be implemented in 2024, focusing on the Mosque. Methodology: This research uses qualitative techniques and data collection through interviews, observations, and documentation. This research was conducted at the Al-Hikmah Delitua Mosque. Finding: The results of this study state that the accounting recording system for financial management of Al-Hikmah Mosque has not implemented an Accounting Recording System Based on the ISAK 35 accounting standard, the recording system is still carried out using simple records, which is recorded when cash comes in and money goes out. Implication: The implications of this study indicate that the implementation of ISAK 35 in the accounting recording system at the Al-Hikmah Delitua Mosque will increase financial transparency and accountability, which can strengthen the congregation's trust in the management of mosque funds. The implementation of this standard will assist in the preparation of more structured financial reports and in accordance with applicable accounting principles. Originality: This study specifically examines budget transparency to increase congregational trust and there is an increase in budget transparency management in mosque managers.
Copyright (c) 2024 Fitri Amalia, Laylan Syafina, Yenni Samri Juliati Nasution
The Role of Firm Size in Strengthening the Relationship between Profitability, Capital Structure, and Affiliated Transactions on Tax Advoidance
Purpose: The purpose of this study is to determine the effect of profitability, capital structure, and affiliate transactions on tax avoidance practices, with firm size as a moderating variable. Methodology: The method used in this study is quantitative research. Hypothesis testing in this study uses Moderated Regression Analysis (MRA) and classical assumption testing uses the eviews 13 application. Finding: Profitability and affiliated transactions have a negative effect on tax avoidance behavior and capital structure has a positive effect on tax avoidance behavior, while firm size as a moderation cannot strengthen profitability, capital structure and affiliated transactions on tax avoidance behavior. Implication: Providing insights for tax policy makers and regulators on factors that influence tax avoidance in companies and are important for company management, providing important information on how financial and operational decisions can affect tax liabilities, and tax authorities can develop more effective strategies to improve tax compliance. Originality: The originality of this study lies in its specific geographical focus, innovative methodological approach, comprehensive integration of variables, and potential broad practical implications. This study contributes significantly to the academic and practical literature in the field of corporate tax and financial management, especially in the context of a developing country like Indonesia.
Copyright (c) 2024 Indra Nugraha, Radhi Abdul Halim Rachmat
The Effectiveness of Using Digital Transaction Applications with the Technology Acceptance Model for Financial Management
Purpose: This study aims to examine the effectiveness of digital transaction applications in managing finances for small and medium-sized enterprises (SMEs) in the culinary industry. Methodology: The Technology Acceptance Model (TAM) was used to analyze the factors influencing the adoption of digital transaction applications among SMEs. Finding: The results show that perceived usefulness, perceived ease of use, and attitude towards using digital transaction applications have a positive impact on the intention to use these applications. The study also found that external factors, such as individual factors and social factors, influence the adoption of digital transaction applications. Implication: The findings of this study have implications for the development of digital transaction applications that are tailored to the needs of SMEs in the culinary industry. Originality: This research is original because it combines the Technology Acceptance Model (TAM) with external factors such as individual and social factors to analyze the adoption of digital transaction applications in the MSME culinary industry. Keywords: Accounting Information System, Digital Transaction Application, Technology Acceptance Model.
Copyright (c) 2024 Evi Dewi Kusumawati, Eskasari Putri
The Exchange Rate Plays a Crucial Role in the Consumer Price Index as it Affects the Inflation
Purpose: This study aims to analyze the exchange rates and inflation on the Consumer Price Index (CPI) in Indonesia. Fluctuating exchange rates and high inflation are often major concerns in the economy, as both can affect people's purchasing power and overall economic stability. Methodology: The method used in this study is multiple regression analysis, with CPI as the dependent variable, and exchange rates and inflation as independent variables. The data used covers the period 2020 to 2023 obtained from the Central Statistics Agency (BPS) and Bank Indonesia. Finding: The results of the study show that both exchange rates and inflation have a significant effect on CPI. In particular, an increase in the exchange rate tends to increase the price of imported goods, which in turn drives up the CPI. In addition, high inflation contributes to an increase in people's cost of living. Implication: The government needs to maintain exchange rate stability to prevent an increase in the price of imported goods that can affect the CPI. In addition, controlling inflation is key to maintaining people's purchasing power and economic stability. Originality: This study makes a new contribution by analyzing the simultaneous impact of exchange rates and inflation on CPI in Indonesia during the period 2020-2023. Keywords: Consumer Price Index, Exchange Rate, Inflation.
Copyright (c) 2024 Lola Fitria Sari, Nana Nawasiah, Agustinus Miranda Wijaya
The Determining Taxpayer Compliance Factors from Online Game Top Up Using the Technology Acceptance Model (TAM) Approach
Purpose: This research aims to assess the impact of understanding the determinants of taxpayer compliance using online game top-ups using the technology acceptance model (TAM) approach. Methodology: In this study, the data were collected by distributing questionnaires to 104 respondents, namely online game players who had ever topped up. Apart from that, respondents from the public were aged 20 years and over, playing online games, and regularly topped up games. The primary data used was obtained from the questionnaire. Finding: The results concluded that the perception of taxpayer convenience and the perception of taxpayer usefulness have a positive influence on taxpayer compliance. Meanwhile, taxpayer attitudes do not affect taxpayer compliance. Implication: The government can use the research results to formulate more effective tax policies for online game top-up transactions—for example, more explicit policies regarding tax rates and how to report them.The gaming industry can increase user confidence in their services with transparency and compliance with tax regulations. This research is expected to raise awareness of online game users' tax obligations, especially in digital transactions such as game top-ups. Originality: This research specifically examines tax compliance in the context of the Hoyoverse online game top-up, a relatively new and underexplored area in the tax literature. Originality also lies in the data collection methods which may involve surveys or interviews with online game users. Empirical data obtained from involved in online game top-ups provide strong validity to the research findings.
Copyright (c) 2024 Zihni Hashfi Razaq, Nur Isna Inayati, Ani Kusbandiyah, Rina Mudjiyanti
The Mediating Role of CSR: Total Quality Management and Corporate Green Performance
Purpose: This study aims to determine whether Total Quality Management (TQM) influences Corporate Green Performance (CGP) and Corporate Social Responsibility (CSR), to explore whether CSR affects CGP, and to examine the mediating role of CSR between TQM and CGP. Methodology: This research is causal in nature, with data collection carried out using a questionnaire technique. The sample includes 78 companies, with respondents consisting of managers and operational staff. The data analysis technique used is Structural Equation Modeling (SEM) through the variant-based approach, Partial Least Square (PLS). Findings: TQM has a positive effect on CGP. TQM also positively influences CSR. CSR positively affects CGP and mediates the relationship between TQM and CGP. Implications: The implications of this research point to a deeper understanding of environmental impact and sustainability. Properly implemented TQM can reduce energy and resource consumption, while CSR encourages companies to consider long-term environmental impacts. Originality: Similar research has not been conducted in Indonesia, particularly in the automotive industry in Indonesia.
Copyright (c) 2024 Yenni Carolina, Monica Cristiana
Analysis of Global Bank’s Financial Performance with the Clustering K-Means Model
Purpose: The purpose of this study is to find out the financial performance of global banks in each cluster for the years 2019 and 2023. In addition, this study is also to find out the position of Indonesia's banks compared to global and ASEAN banks in 2019 and 2023. Methodology: The analysis model used is that the formation of clusters is based on the ratio of CAR, LDR, NIM, ROA and ROE. Testing was carried out with the K-Means model using SPSS. Findings: The results of the study show that in general, global banking performance in 2023 is better than in 2019 in 4 clusters out of 5 clusters. However, the number of banks in the Very Good and Good cluster has decreased in 2023 compared to 2019. In addition, the number of banks in the Very Bad cluster also increased in 2023 compared to 2019. Implication: The increase in the number of banks in the Very Bad cluster needs to be a concern, because the improvement in performance is not as good as other global banks. Local bank supervisory authorities, including the Financial Services Authority in Indonesia, need to pay attention to the performance of banks in the Very Poor cluster. Originality: This study provides additional information about the condition of banks compared to their peers in 2019 and 2023 at the global, ASEAN and Indonesia levels for bank management, investors and also authorities.
Copyright (c) 2024 Suhari Santosa, Jerry Heikal
The Impact of Law Harmonization Tax Regulations Implementation on the Compliance of Micro, Small and Medium Enterprises Taxpayers
Purpose: The purpose of this study is to examine the impact of the Harmonization of Tax Regulations Law (HPP Law), enforced since October 29, 2021, on the compliance of micro, small, and medium enterprise (MSME) taxpayers. Specifically, the study aims to explore how the implementation of the HPP Law influences MSME taxpayer compliance through taxpayer awareness. Methodology: This research employs quantitative approach, combining both quantitative and qualitative analyses. The research process includes internal team discussions, acquiring research permits, conducting field surveys in the Jember, Bondowoso, Banyuwangi, and Situbondo regions. Findings: Preliminary results suggest that the enforcement of the HPP Law has a direct impact on MSME taxpayer compliance, mediated by their taxpayer awareness. The study identifies common concerns among MSME operators regarding rising prices of production and supporting materials, increased costs, and pressure to raise employee wages due to surges in the prices of essential goods. Implication: The findings highlight the challenges MSMEs face under the HPP Law, particularly concerning compliance and financial management. Policymakers may need to consider these financial pressures when designing regulations or support systems for MSMEs to enhance their ability to comply with tax regulations without compromising business sustainability. Originality: This study provides a unique combination of quantitative insights into the impact of the HPP Law on MSME taxpayer compliance in East Java, Indonesia. It also offers valuable quantitative data from MSME business actors, which enriches the understanding of how Taxpayer awareness mediate the relationship between tax regulation enforcement and compliance.
Copyright (c) 2024 Nurcahyaning Dwi Kusumaningrum, Galih Wicaksono, Venantya Asmandani, Yeni Puspita
Ompangan as an Accounting System: The Practice of Debts and Grants in Madura Culture
Purpose: This study was conducted to find out the implementation of the tradition of ompangan and its relationship with sharia accounting principles that occurred in Panglegur Village, Tlanakan District, Pamekasan Regency. Methodology: This study uses a qualitative descriptive type and an ethnographic approach. Data collection techniques are in the form of observation, interviews, and documentation, with triangulation techniques. Findings: The results of the study stated that the tradition of the ompangan still exists among the Panglegur community, the ompangan tradition has the purpose of ta'awun/help, the existence of a simple bookkeeping system in the ompangan tradition has consequences for the return of debts and receivables in the future and has an impact on a person's spikology because of the burden of repayment in the future. Implication: The shift in values in the tradition of the ompangan whose original nature is ta'awun / please help which should be preserved, now needs to be straightened out and understood that the original purpose of the ompangan tradition has the main purpose of helping each other or easing the burden of the owner of the wish and does not consider the ompangan tradition as debts that must be returned. There is a need for the role of community leaders to provide a better understanding related to the tradition of ompangan, so that the community realizes that the tradition of ompangan is a tradition of helping each other. Originality: This study specifically examines the tradition of ompangan from the perspective of accounting, recording in the tradition of remittances, the community's perspective on the tradition of ompangan as a practice of debts and grants, savings, and time value of money on money and goods in the ompangan tradition.
Copyright (c) 2024 Faizatul Jannah, Ira Hasti Priyadi
The Effect of Green Innovation on Firm Value at Different Life Cycle: The Role of Sustainable Growth and Debt Financing Cost
Purpose: This study investigates the impact of green innovation on firm value at different stages of the life cycle of energy sector companies in Indonesia. It also examines the moderating effects of sustainable growth and debt financing costs. Methodology: The study utilizes panel data from 61 companies during the period from 2017 to 2022 to analyze the impact of green innovation on firm value and the moderating roles of sustainable growth and debt financing costs. Finding: The findings show that green innovation significantly increases firm value. However, the study finds that there is no significant moderating role of sustainable growth and debt financing costs on the impact of green innovation on firm value. Additionally, the influence of green innovation on firm value varies across life cycle stages. It positively affects firm value during the growth and decline stages, while the impact is not significant at the mature stage. Implication: These findings enhance our understanding of the importance of green innovation for improving the value of firms in the energy sector throughout their life cycles. Originality: This study provides a novel contribution by exploring the impact of green innovation on firm value in Indonesia's energy sector and assessing the moderating roles of sustainable growth and debt financing costs.
Copyright (c) 2024 Nonie Anggun Wilutama, Viverita Viverita
Social Supervision Behavioral of the Village Income and Expenditure Budget Reaches Welfare Windu Kencana in Indonesia
Purpose: This research aims to show social supervision policy in the implementation of IEB in Indonesia. Methodology: Descriptive qualitative study with case study approach. Open interview was conducted to reveal the accountability and response of the community for the IEB Village. This kind of interaction was carried out for five months from 09 March to 10 August 2024 is Abdul Halim Iskandar (Minister of Villages, Development of Disadvantaged Regions and Transmigration of the Indonesia Republic) and Taufik Madjid (Secretary General of the Ministry of Villages, Development of Disadvantaged Regions, and Transmigration). Finding: The results show that the community supervision in IEB has a direction to fulfill the needs and expectations of the community. This atmosphere has the potential to produce the exact percentage of use and affirmative programs as well as a communication medium that can reduce the potential for conflict. Openness in running IEB Village make interaction is like brother and not push each other. The mystique of togetherness produces reflective rationality thinking of the village officials in dealing with its citizens. Implication: The manifestation of harmonious social relationships that reflect a peace sense, and produce a prosperity sense and harmony together. Conditions for realization of social supervision by contributing to transparency, accountability, participation and order. This belief is a just, prosperous and prosperous [windu kencana] manifestation without any deviation in its implementation. Originality: Manifestation of windu kencana as a result to social supervision policy is a form of control or assessment to determine the implementation of activities in accordance with established plans (IEB Village). This situation proves the active involvement in the IEB Village management.
Assessing the Moderating Effect of Bank Size on the Interaction between Bank Health Level and Company Value in Digital Banks
Purpose: This study aims to analyze the effect of bank health level using the RGEC method on company value with bank size as a moderating variable in digital banks registered with the OJK Republic Indonesia in 2021-2023. Methodology: The population of this study was 15 companies. The sampling technique used purposive sampling for 7 companies. The data analysis method used Moderating Structural Equation Modelling (MSEM) with Smart-PLS 4. Finding: The results of the study show that bank health level and bank size affects the company value. Bank size can strengthen the influence of bank health level on the company value. Implication: This study provides insight to digital banks in Indonesia where it is necessary to pay attention to bank health level factors that can affect company value as a reflection of investor assessments in making investment decisions. Such as risk profile, GCG, and earnings factors which play a very important role in describing the health condition of a bank. The other side, companies must be able to optimize the use of bank capital for productive activities that can generate profits. Bank size is also considered by investors so it affects the company value. Originality: the originality of this study is in the innovative methodological approach and relevant practical implications. This study uses bank size as a moderating variable. Analysis with a moderation effect is used to test whether the moderating variable can strengthen or weaken the influence between the exogenous variables and the endogenous variable.
Copyright (c) 2024 Mainatul Ilmi, Muhdar, Yuniorita Indah Handayani
Strengthening Effect of Rupiah Exchange Rate Through Financing Dimension on Profitability in Islamic Commercial Banks in Indonesia
Purpose: This study analyzes the impact of exchange rates on the financial health of Islamic Commercial Banks (BUS) in Indonesia, focusing on the financing dimension. Methodology: The study employs the Moderated Regression Analysis (MRA) method to assess the interaction between exchange rates (independent variable), NPF and FDR (moderator variables), and ROA (dependent variable). It uses secondary data from the financial statements of eight Islamic Commercial Banks from 2020 to 2022, comprising 36 observations. Finding: The results indicate that exchange rates significantly impact ROA, both directly and through interactions with NPF and FDR. The model has an adjusted R² of 34.89% and an RMSE of 1.1573, demonstrating good quality. The F-test value is 5.69 with a probability of 0.0015 (<0.05). The regression assumptions confirm normality and homoscedasticity; however, the Durbin-Watson test (1.48 < 1.80) indicates autocorrelation. Implication: This study recommends strengthening risk management in Islamic banks through Sharia-based financing principles. It uniquely contributes to Islamic banking research by exploring exchange rate effects using a three-way interaction approach. Originality: This study provides a unique contribution in analyzing the effect of exchange rates on the health of Islamic banks through a three-way interaction approach, which has not been widely discussed in the context of Islamic banking in Indonesia.
Copyright (c) 2025 Nana Nawasiah, Derriawan, Endang Etty Merawati, Lola Fitria Sari, Putri Rana Khairina
Finding the Optimum Value-Added Tax Threshold of Small and Medium Businesses in Indonesia
Purpose: This study investigates the optimal Value-Added Tax (VAT) registration threshold for small and medium enterprises (SMEs) in Indonesia, aiming to enhance VAT revenue without raising the tax rate. Despite VAT being a significant source of revenue for Indonesia, the current VAT registration threshold of 4.8 billion rupiahs is relatively high compared to other countries, potentially limiting tax revenue from businesses just below this level. Methodology: The study calculates the optimal VAT threshold for various business sectors using the Keen and Mintz model and administrative data from the Directorate General of Taxes. Finding: The results show that the average optimal threshold is lower than the current threshold, with the mining and quarrying sector having the highest threshold at approximately 4.26 billion rupiahs and the accommodation and food service sectors the lowest. Implication: The implication of this study suggests that reducing the VAT threshold could expand the tax base and increase revenue without raising VAT rates. Originality: The study contributes to the ongoing discourse on optimising Indonesia's VAT system and recommends revising the threshold to reflect sector-specific needs better and enhance overall tax efficiency.
Determinants of Audit Quality in Indonesia
Purpose: This study examines the extent of the influence of Public Accountant competence, Audit tenure, audit planning, audit client complexity, auditor competence, engagement quality control, and Public Accounting Firm size on audit quality. Methodology: This research uses quantitative methods using secondary data from examination results conducted by Finance Professions Supervisory Center of The Ministry of Finance, Public Accountant Office business activity reports, and Public Accountant PPL Realization Reports. The research samples were 248 Public Accountants for examination from 2019 to 2023. Finding: The results obtained significant results on the effect of Public Accounting Firms' size on audit quality. In addition, the size of public accounting firms also partially moderates the impact of audit planning on audit quality. The variables of public accountants' competence, audit tenure, audit planning, audit client complexity, auditor competence, and engagement quality control do not affect audit quality. Implication: The implications of these findings suggest that the size of the Public Accounting Firm plays a key role in improving audit quality, making it important for stakeholders to consider the capacity and resources of the Public Accounting Firm in audit assignments. Originality: The originality of this study lies in the simultaneous analysis of the influence of various internal and external factors of the auditor, including moderation of KAP size, on audit quality using real audit data from the financial profession supervisory authority.
Copyright (c) 2025 Nanik Nuryani, Harnovinsah Harnovinsah, Syahril Djaddang
The Role of Good Corporate Governance in Moderating Credit Risk and Performance of Rural Banks
Purpose: This study aims to determine how credit risk affects the financial performance of rural banks (BPRs) and how good corporate governance can weaken this influence. The main objective is to improve the performance of BPRs through effective risk management and transparent governance. Methodology: This research uses quantitative research methods with a sample of 205 data from 18 BPRs in North Sulawesi. The sample determination was done using purposive sampling method. Data were analysed to understand the relationship between credit risk and firm performance, as well as the role of corporate governance in weakening the effect of credit risk. Finding: The results show that credit risk has a significant influence on firm performance, but good corporate governance can weaken this influence. This suggests that effective governance implementation can help BPRs better manage credit risk and improve financial performance. Implication: This research has practical implications for BPRs in developing stronger risk management systems and more transparent decision-making processes. Thus, BPRs can improve financial performance and attract investors through effective and transparent governance. Originality: This research makes an original contribution by focusing on the role of corporate governance in weakening the effect of credit risk on BPR performance. It also provides insights into how BPRs can improve financial performance through effective risk management and good governance in specific regions such as North Sulawesi.
Copyright (c) 2025 Putu Pande R. Aprilyani Dewi https://creativecommons.org/licenses/by-sa/4.0
The Effect of Profitability, Leverage, Liquidity, Profit Efficiency on Firm Value with Dividend Policy as Moderation
Purpose: This study aims to analyze the effect of profitability, leverage, liquidity, on firm value with moderation of dividend policy on LQ45 issuers on the IDX. Methodology: The research approach used quantitative methods with sampling using purposive sampling of 30 issuers, the data analysis technique used moderated regression analysis (MRA). Finding: The four variables namely profitability, leverage, liquidity, dividend policy have a significant influence on firm value. However, when dividend policy is moderated, only leverage and liquidity have a significant influence on firm value. Implication: Provides knowledge insights for investors, shareholders, and regulators on matters that affect firm value and are important for financial management, provides important information on how dividend policy plays a role and can affect firm value, and how corporate authorities can develop more efficient methods to increase its value from several aspects. Originality: This research is original to the author due to the use of secondary data from the IDX on LQ-45 issuers from 2020 to 2023, innovative and integrated methodological methods, and broad practical implications. This research adds to the academic and practical literature on corporate stocks and financial management, especially developing countries such as Indonesia.
Copyright (c) 2025 Iwan Kurniawan, Ikaputera Waspada, Maya Sari
Green Reputation in Mediating Implementation of Sustainable Development Goals (SDGs) On Company Financial Performance
This study aims to examine the mediating role of green reputation in the relationship between the implementation of Sustainable Development Goals (SDGs) and corporate financial performance. Research data processing using SEM-PLS Analysis. Data sourced from financial reports and sustainability reports published by the company, and ESG score data released by the IDX in collaboration with Morningstar Sustainalytics.The research findings found that although the implementation of SDGs does not have a direct impact on financial performance, there is a significant influence of the implementation of SDGs on green reputation, and green reputation has a significant influence on the company's financial performance, so that green reputation becomes a mediator between the implementation of SDGs on the company's financial performance. The theoretical implications of this study support signaling theory, where green reputation acts as a positive signal to stakeholders regarding a company's commitment to sustainability. In terms of policy, these results encourage companies to not only adopt SDGs, but also proactively build and strengthen their green reputation to maximize the positive impact on the company's financial performance. The novelty of this research lies in the use of the green reputation variable as a mediator with measurements using the ESG-Sutainalytics score.
Copyright (c) 2025 Hasan Bisri, Susilowati Rahayu, Abdul Azis Safii https://creativecommons.org/licenses/by-sa/4.0
The Role of Profitability as an Intervening Variable in the Influence of Capital Intensity Ratio and Leverage on Corporate Tax Management
Purpose: The purpose of this study is to determine the role of profitability as a mediating variable in the influence between capital intensity ratio and leverage on tax management. Methodology: The method used in this study is quantitative research. Hypothesis testing in this study uses path analysis with SPSS 25. Findings: The findings of this study indicate that capital intensity ratio and leverage have a significant effect on profitability. While capital intensity ratio, leverage and profitability have a significant effect on tax management. However, the profitability variable does not mediate the relationship between capital intensity ratio and leverage on tax management. Implication: This study can be useful for companies in making decisions related to tax management. Originality: This study offers an approach for companies in understanding how capital structure, capital intensity, and profitability interact in the context of tax management.
Copyright (c) 2025 Sri Yuni, Ferry Christian, Okta Okta https://creativecommons.org/licenses/by-sa/4.0
Peran Moderasi Ukuran Perusahaan pada Pengaruh Intellectual Capital terhadap Nilai Perusahaan
This research aims to determine the role of intellectual capital, especially when paying attention to the element of company size on company value. The analysis uses panel data regression. The sample selection method uses purposive sampling on non-financial companies listed on IDX-IC (Indonesian Stock Exchange) for the 2019-2022 period. The research results show that, of the three proxies used, SCE and CEE have a significant effect on company value, while the role of SIZE is only for SCE and CEE. HCE still does not play a role in determining market value, either directly or when moderated by SIZE. These findings prove that HCE is not always the main priority in determining company value, but other elements are considered more important by companies.
Copyright (c) 2024 Susi Susilawati, Nova Rini, Ridwan Saleh
Teori Atribusi: Memahami Hubungan Kualitas Layanan, Pemahaman Perpajakan, Implementasi Sanksi dan Kepatuhan Pajak
Tax is a mandatory contribution made by citizens to the government in accordance with the provisions of the law, which is the largest source of income for the state. However, in Indonesia, there are still problems in tax activities, including low tax ratios and low levels of tax compliance. This research aims to investigate the influence of service quality, understanding of taxation, and implementation of sanctions on tax compliance in West Kalimantan Province. The research method used is quantitative with a multiple linear regression analysis approach using the help of the IBM SPSS program in processing the data. Primary data was collected through questionnaires distributed to people who have a Taxpayer Identification Number (NPWP) and regularly report Tax Returns (SPT) to the tax authority. The research results show that service quality does not have a significant effect on tax compliance, while understanding taxation and implementation of sanctions significantly influence tax compliance. The level of tax compliance can be increased by improving service quality, understanding of taxation, and the effectiveness of implementing sanctions. These findings provide valuable insights for tax authorities in improving tax compliance and increasing overall tax revenue.
Copyright (c) 2024 Siti Wardani, Rudy Kurniawan, Haryono Haryono
Mengukur Efektivitas Corporate Social Responsibility (CSR) dalam Menciptakan Nilai Perusahaan pada Industri Tekstil di Indonesia
Corporate Social Responsibility (CSR) has become a hot topic in the business world today. However, there is still debate regarding the influence of CSR on company value. Textile companies are a sector that has a big impact on the environment and surrounding communities. Therefore, social responsibility is a very important issue for textile companies. The aim of this research is to determine the influence of CSR on company value in textile companies listed on the Indonesia Stock Exchange for the 2018-2022 period. This research method uses descriptive and quantitative research methods. The population in this study were 14 textile companies. Researchers used the purposive sampling method for sampling. Data analysis and hypothesis testing using SPSS version 26. An investor is expected to be able to consider everything when making an investment, including how the company manages funds, especially investor funds, to generate maximum profits. As well as how the company expresses its social responsibility both to society and the environment regarding the impact of its operational activities. So that the natural environment and everything in it can still be maintained and used sustainably.
Copyright (c) 2024 Midhatul Khasanah, Zufly Amurallah Hadi, Rizky Firmansyah, Nurika Restuningdiah
Pengukuran Senjangan Anggaran: Aspek Kejelasan Sasaran, Pengendalian Internal, dan Komitmen Organisasi
This research aims to test and prove the clarity of budget targets, internal control and organizational commitment to budget gaps in the regional services of Jombang Regency, East Java, Indonesia. This research uses a quantitative approach using primary data. The primary data is a questionnaire distributed to respondents. The research sample was taken using a simple random sampling technique and sample determination using the Slovin formula. The data analysis technique used in this research is the SmartPLS Windows 4.0 application software. The research results prove that the variables of clarity of budget targets and organizational commitment have an influence on budget slack. Meanwhile, internal control has no influence on budgetary slack. The implications of the results of this research indicate that to reduce budget gaps, the Jombang Regency regional government needs to focus on increasing the clarity of budget targets and strengthening organizational commitment in budget management. In addition, although internal control was not proven to be influential in this research, it is still important for organizations to continue to improve and monitor internal control systems as part of overall efforts to increase budget efficiency and accountability.
Copyright (c) 2024 Aprilia Kartika Putri, Muslimin Muslimin, Ulfa Widodo
Peran Gaya Hidup dalam Memediasi Pengaruh Pengetahuan dan Sikap Keuangan terhadap Perilaku Keuangan
This study aims to examine the influence of financial knowledge and financial attitudes on financial behavior which is mediated by lifestyle. This research was conducted on postgraduate students in the North Coast region of East Java with a sample size of 176 respondents. The research method uses quantitative. The research results show that financial knowledge has no influence on financial behavior. Financial attitudes influence financial behavior variables. Financial knowledge has no effect on lifestyle. Financial attitudes influence lifestyle. Lifestyle influences financial behavior. This research shows that lifestyle cannot mediate financial knowledge on financial behavior, but lifestyle can mediate financial attitudes on financial behavior. There is novelty in lifestyle that can mediate financial attitudes towards financial behavior. An important implication of this research is the need for a more holistic approach in managing financial behavior, taking into account the interaction between knowledge, attitudes and lifestyle. In addition, these findings also highlight the importance of developing financial education strategies that not only focus on increasing knowledge, but also on forming positive financial attitudes and a deep understanding of the influence of lifestyle on financial decisions.
Copyright (c) 2024 Nur Latifa, Rahmat Agus Santoso