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Business Ethics in Moderating the Relationship Between Sustainability Governance and Digital Transformation on Firm Performance Arya Darmawan; Khomsiyah; Titik Aryati
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 6 (2025): JIAKES Edisi Desember 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i6.4374

Abstract

In the face of escalating global and domestic challenges, sustainability governance has emerged as a critical corporate priority, reflecting the growing demand for organizations to align profitability with environmental responsibility, social accountability, and ethical integrity. This study examines and analyzes the influence of sustainability governance and digital transformation on firm performance, with business ethics as a moderating variable. The sample in this study consists of 156 companies from the basic materials, consumer non-cyclicals, consumer cyclicals, energy, and industrials sectors listed on the Indonesia Stock Exchange during the 2022–2023 period, resulting in 312 observations. This research employs a quantitative approach using panel data regression methods. The findings of this study reveal that the integration of sustainable governance introduced as a novel aspect of this research significantly contributes to improving firm performance. In contrast, digital transformation was found to have no positive impact on firm performance. Furthermore, business ethics is able to strengthen the relationship between sustainability governance and digital transformation on firm performance. This research contributes to the development of stakeholder and agency theories, as well as practical implications for regulators, companies, and society in integrating sustainability and digitalization into corporate governance frameworks.
INSTITUTIONAL DETERMINANTS OF LOCAL FINANCIAL SUSTAINABILITY IN INDONESIA: A MULTIDIMENSIONAL INDEX APPROACH Nur Kustiani; Titik Aryati; Vinola Herawaty; Joko Sustiyo
JRAK Vol 18 No 1 (2026): April Edition
Publisher : Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23969/jrak.v18i1.43105

Abstract

Indonesia faces an accountability contradiction where nearly all local governments achieve Unqualified (WTP) audit opinions despite persistent vertical fiscal imbalances and high dependency on central transfers. Addressing the normative shifts introduced by Law No. 1 of 2022 (UU HKPD), this study develops a Local Financial Sustainability (LFS) Index that bridges IPSASB RPG 1 with specific national pillars, namely spending quality and local independence. Analyzing 404 local governments over the 2022–2023 period using Panel Corrected Standard Error (PCSE), the findings reveal that spending efficiency and budget transparency are potent drivers of financial sustainability, signaling managerial effectiveness and reduced agency costs. Notably, contrary to sticky cost theory, administrative intensity exhibits a strong positive influence, acting as a proxy for the institutional capacity required for regulatory transitions. This research redefines fiscal health through productive expenditure and institutional maturity. Practically, the LFS Index provides a self-assessment tool and a performance-based framework for central policymakers in the UU HKPD era.
Redefining business sustainability maturity model for micro, small, medium enterprises Yumniati Agustina; Juniati Gunawan; Titik Aryati; Ying Chieh Liu; Widyat Nurcahyo
Indonesia Accounting Research Journal Vol. 14 No. 1 (2026): September: Auditing, Finance, Accounting, Management
Publisher : Institute of Accounting Research and Novation (IARN)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/iacrj.v14i1.684

Abstract

Sustainability maturity models developed for large corporations have limited applicability to Micro, Small, and Medium Enterprises due to implicit indicators and contextual misalignment. This conceptual study developed a Business Sustainability Maturity Model for Indonesian MSMEs through five prototyping stages: literature selection, narrative analysis, accounting overlay mapping, disclosure standard alignment, and digital deployment. The resulting model comprises nine value activities and 26 indicators, each described across five maturity levels, with 10 indicators supplemented by SAK EMKM-based accounting practices and 5 indicators aligned with the national sustainability disclosure standard PSPK-1. A 39-item self-assessment questionnaire was embedded into a web platform delivering instant maturity scores, visualisations, and improvement recommendations. Expert judgment involving 21 specialists, pilot testing with 255 MSME respondents across ten Indonesian provinces, and system testing collectively indicated that the model is relevant, feasible, and usable; detailed validation results are reported in a companion paper. The novelty lies in simultaneously integrating accounting-based measurement, disclosure-standard alignment, and digital operationalisation into a single MSME-oriented sustainability maturity instrument. Theoretically, the study advances maturity model literature by grounding progression levels in Stakeholder Theory, reframing sustainability maturity as the progressive broadening of stakeholder accountability. Practically, the model supports MSME operators, regulators, and supply-chain partners through standardised assessment.