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p-Index From 2021 - 2026
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All Journal International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC)
Muhamad Diaz Ashari
Univeritas Trisakti, Indonesia
Humanities Economics, Econometrics & Finance Education Law, Crime, Criminology & Criminal Justice Social Sciences

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THE EFFECT OF PRESSURE AND ARROGANCE ON FIRM VALUE: THE MEDIATING ROLE OF FINANCIAL STATEMENT FRAUD Muhamad Diaz Ashari; Amrie Firmansyah
International Journal of Accounting, Management, Economics and Social Sciences (IJAMESC) Vol. 4 No. 4 (2026): August
Publisher : ZILLZELL MEDIA PRIMA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61990/ijamesc.v4i4.877

Abstract

This study aims to examine the effect of pressure and arrogance on firm value, both directly and indirectly through financial statement fraud as a mediating variable in energy sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. The study employs a quantitative approach using panel data obtained from the annual reports and financial statements of 30 energy sector companies, resulting in 120 observations. Data analysis was conducted using panel data regression with the Random Effect Model (REM) and Sobel test to examine the mediating effect. The results indicate that pressure has a positive and significant effect on both firm value and financial statement fraud. Arrogance also has a positive and significant effect on firm value but does not significantly affect financial statement fraud. Furthermore, financial statement fraud is found to have a positive and significant effect on firm value. The mediation analysis reveals that financial statement fraud mediates the relationship between pressure and firm value but fails to mediate the relationship between arrogance and firm value. These findings support the Fraud Pentagon Theory, particularly the pressure element, in explaining the occurrence of financial statement fraud within the Indonesian energy sector. The study contributes to the literature by providing empirical evidence on the role of financial statement fraud as a mechanism linking managerial pressure to firm value.
Co-Authors Amrie Firmansyah