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All Journal Indonesian Journal of Cultural and Community Development Indonesian Journal of Law and Economics Review
Sigit Hermawan
Program Studi Akuntansi, Universitas Muhammadiyah Sidoarjo
Humanities Economics, Econometrics & Finance Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice

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Village Officials and Accountable Governance of Village Funds for SDGs 8 Siti Fatikhatur Riskiyah; Sigit Hermawan
Indonesian Journal of Cultural and Community Development Vol. 16 No. 3 (2025): September
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/cy8a0g43

Abstract

General Background: Village fund governance is central to strengthening local development and achieving Sustainable Development Goals (SDGs), particularly inclusive economic growth. Specific Background: In Indonesia, large fiscal transfers to villages demand transparent and accountable management by village officials to prevent misuse and ensure community benefits. Knowledge Gap: Existing studies often emphasize administrative compliance, while limited attention is given to how village officials operationalize transparency and accountability within local socio-institutional contexts. Aims: This study examines the role of village officials in managing village funds transparently and accountably as part of SDGs Goal 8 implementation. Results: Using a qualitative case study in Tambak Kalisogo Village, findings show that transparency is practiced through participatory budgeting, public reporting, and digital financial systems, while accountability is reinforced by multi-level reporting, community oversight, and institutional collaboration. Novelty: The study highlights a governance practice that integrates formal regulations with participatory and digital mechanisms at the village level. Implications: These findings suggest that strengthening institutional capacity and community involvement is essential for sustainable and inclusive village economic development aligned with SDGs 8.
The Effect of Intellectual Capital, Profitability and Leverage on Company Performance (Study on Halal Industry companies in Indonesia Malaysia: Pengaruh Intellectual Capital, Profitabilitas dan Leverage terhadap Kinerja Perusahaan (Studi pada Perusahaan Industri Halal di Indonesia Malaysia Siti Nur Khotimah; Sigit Hermawan
Indonesian Journal of Law and Economics Review Vol. 21 No. 1 (2026): February
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v21i1.1684

Abstract

General Background: The global automotive industry underwent substantial transformation from 2019 to 2024 through the development of electric vehicles, technological advances, and changing market conditions that required careful financial management. Specific Background: Return on Equity (ROE) is used to assess financial performance and can be examined through the five-step DuPont framework consisting of Tax Burden, Interest Burden, Operating Margin, Total Asset Turnover, and Equity Multiplier. Knowledge Gap: Research examining these five components together in global automotive companies during 2019–2024 remains limited. Aims: This study analyzes ROE formation through the five DuPont components and compares financial management across ten global automotive companies. Results: Using a descriptive quantitative approach and secondary data from consolidated annual financial statements, the study finds differences in ROE across companies. BMW achieved ROE above 20% in several periods, while BYD reached the criterion in 2023 and 2024. The differences were associated with variations in operating profitability, asset utilization, tax burden, interest burden, and financing structure. Novelty: This study applies the five-step DuPont framework to examine ROE formation across ten global automotive companies over the 2019–2024 period. Implications: The findings provide a basis for evaluating financial management through profitability, asset utilization, tax and interest burdens, and financing structure. Key Findings Highlights Profitability, asset utilization, and capital structure show different patterns. Tax and interest burdens differ by company and reporting period. BMW and BYD meet the ≥20% criterion in selected periods. Keywords : Financial Management, DuPont Analysis, Return On Equity, Automotive Industry, Financial Performance
The Influence of Fraud hexagon and Love of money on Village Fund Budget Management in Tanggulangin District: Pengaruh Fraud hexagon dan Love of money Terhadap Pengelolaan Anggaran Dana Desa di Kecamatan Tanggulangin Renny Mei Linawati; Sigit Hermawan
Indonesian Journal of Law and Economics Review Vol. 21 No. 2 (2026): May
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v21i2.1707

Abstract

General Background: Village fund management plays an important role in rural development, public welfare, and financial accountability. However, the management of substantial public funds presents challenges related to fraud and financial misconduct. Specific Background: Fraud Hexagon and Love of Money are factors that may be associated with the quality of village fund management, particularly regarding transparency, accountability, and ethical conduct among village officials. Knowledge Gap: Previous studies have reported inconsistent findings concerning the role of Love of Money in financial misconduct, highlighting the need for further investigation in village government settings. Aims: This study examines the effects of Fraud Hexagon and Love of Money on village fund budget management in Tanggulangin District. Results: Using a quantitative approach, primary data were collected through questionnaires from 76 village officials and analyzed using multiple linear regression with SPSS 27. Novelty: This study provides empirical evidence on the distinct relationships of Fraud Hexagon and Love of Money with village fund management in Tanggulangin District. Implications: The findings highlight the importance of strengthening internal controls, supervision, and integrity among village officials to support transparent and accountable village fund management. Key Findings Fraud-related pressures, opportunities, rationalization, capability, arrogance, and collusion are associated with lower village fund management quality. Individual monetary orientation shows no statistically significant partial relationship with village fund management. The two independent variables jointly explain 31.7% of the variation in village fund management. Keywords : Fraud Hexagon, Love Of Money, Village Fund Management, Financial Accountability, Internal Control
Intellectual Capital Risk Management and Competitive Advantage Sustain Banking Financial Performance: Modal Intelektual Manajemen Risiko dan Keunggulan Kompetitif Menopang Kinerja Keuangan Perbankan Inna Susanti; Sigit Hermawan
Indonesian Journal of Law and Economics Review Vol. 21 No. 3 (2026): Agustus
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21070/ijler.v21i3.1714

Abstract

General Background: Dynamic global markets require efficient resource management to sustain corporate financial performance. Specific Background: Banks rely heavily on intangible intellectual capital, integrated risk management, and competitive advantage to maintain profitability. Knowledge Gap: Prior studies rarely combined intellectual capital and risk management with competitive advantage as a moderator, yielding inconsistent results. Aims: This study analyzes the relationships of intellectual capital and risk management with financial performance, moderated by competitive advantage, in Indonesian and Malaysian banks. Results: Analyzing 65 observations from 13 banks listed on the IDX and KLSE (2020–2024) using Moderated Regression Analysis (MRA) in SPSS 26, intellectual capital and risk management positively and significantly relate to Return on Equity (ROE), while competitive advantage significantly moderates both relationships, explaining 67.4% of ROE variance. Novelty: This study integrates risk management across conventional and Islamic banks in two countries. Implications: Findings enrich Resource-Based View (RBV) literature and guide banking strategy. Highlights: Intangible asset utilization across human competencies, organizational systems, plus external relations positively increases return on equity. Integrated uncertainty mitigation covering credit, market, liquidity, operational, plus compliance disclosures directly supports shareholder profitability. Superior market positioning alongside cost efficiency significantly moderates how internal resources generate corporate earnings across Indonesian plus Malaysian institutions. Keywords: Intellectual Capital, Risk Management, Financial Performance, Competitive Advantage, Banking Companies
Co-Authors Inna Susanti Renny Mei Linawati Siti Fatikhatur Riskiyah Siti Nur Khotimah