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All Journal JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Dinasti International Journal of Management Science Educoretax Pengmasku Jurnal Riset Akuntansi dan Auditing Journal of Business Management and Economic Development
Sailendra, Sailendra
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Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Social Sciences Other

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Moderating Effect of Green Image: The Influence of Beta on Stock Return Sailendra, Sailendra
Journal of Business Management and Economic Development Том 1 № 02 (2023): May 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i02.104

Abstract

This study aims to analyze the influence of green image on beta and stock return by considering the moderating effect of green image. The research sample consists of 44 proper companies listed in the Indonesia Stock Exchange (IDX) from 2018 to 2022, with a total of 220 year-observations. The study was analyzed using SEM-PLS statistics. The results indicated that green image does not have a significant impact on stock returns but shows a positive directional relationship. Similarly, beta also has no significant effect on stock returns but shows a positive relationship. As a moderating variable, green image moderates the effect of beta on stock returns in a negative direction. This study concludes that companies with a weak green image tend to experience a decrease in stock returns, and vice versa. In this case, green image acts as a moderating factor that affects the strength of the relationship between beta and stock returns. The findings of this study have important implications for practitioners and decision makers in evaluating and improving corporate image related to environmental issues. In addition, this study contributes to the academic literature in the accounting, finance and sustainability by providing a better understanding of the relationship between green image, beta, stock returns, and relevant moderating factors.
The Influence of Green Performance and Intellectual Capital on Tax Avoidance Sailendra, Sailendra
Journal of Business Management and Economic Development Том 1 № 03 (2023): September 2023
Publisher : Pt. Riset Press International

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59653/jbmed.v1i03.639

Abstract

The purpose of this study is to examine the influence of green performance and intellectual capital on tax avoidance, focusing on intellectual capital as a moderating variable. The research sample consists of 264 observations from 45 publicly listed groups of green companies (proper) on the Indonesia Stock Exchange from 2017 to 2022. The data were collected from the website of the Indonesian Stock Exchange (IDX), the Ministry of Environment and Forestry of the Republic of Indonesia, and the websites of the companies. The data were analyzed using structural equation modeling (SEM) to test the research hypotheses. The results of the hypothesis test indicate that environmental performance does not affect tax avoidance, but shows a negative relationship. Similarly, intellectual capital does not affect tax avoidance but also has a negative relationship. In addition, intellectual capital shows no moderating but negative directional sign between green performance and tax avoidance. The moderating function of intellectual capital reduces the tendency of tax avoidance in firms with high green performance. The results of this study suggest that intellectual capital strengthens environmentally and socially responsible behavior. Firms with lower intellectual capabilities tend to engage in tax avoidance practices. This research contributes to the literature on the drivers of corporate tax avoidance and sustainable practices, which can provide insights into how intellectual capital drives responsible tax compliance behavior in green companies. The results of this study have implications for corporate tax policy and motivate ethical behavior within the firm.
Meningkatkan Ketahanan UMKM Dengan Inklusi Keuangan Digital Pada Masa Pandemi Covid-19 Normal Baru Sailendra, Sailendra; Djaddang, Syahril
Pengmasku Vol 2 No 2 (2022)
Publisher : PT WIM Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/pengmasku.v2i2.251

Abstract

The Covid-19 pandemic has changed the social and economic order, especially since the Large-scale social restriction (LSSR) or PSBB and Work from Home enactment. The MSMEs sector is one of the sectors most affected by the Covid-19 pandemic. As an effect of the Covid-19 pandemic, many MSMEs businesses have a decrease in income and even business closures. Digital financial inclusion is a way to remove obstacles from the Covid-19 pandemic for MSMEs. Because digital financial inclusion provides many benefits for MSMEs, including: Transactions and recording financial statements become more manageable and can be monitored directly, rather than using cash which needs to be re-recorded; Facilitate access to funding because banks and financial institutions require sound and systematic recording of transactions, as one of the funding requirements; Have complete access to sales, because it can reach people who are adaptive to technology; The ease of transactions from the digital payment system has become more integrated so that it can trigger the digitization of MSMEs; With digital financial inclusion, it can increase confidence for MSMEs to play in a more extensive market, becoming more recognized than done in conventional ways. To implement digital financial inclusion in MSME businesses more comprehensively at low cost and on target. It is a recommendation that the implementation in collaboration between the Central and Regional Governments, financial and banking institutions, and academics.   Pandemi Covid-19 telah merubah tatanan sosial dan ekonomi, terutama semenjak diberlakukannya PSBB dan Work from Home. Salah satu sektor yang paling terdampak dari pandemi Covid-19 adalah sektor UMKM. Ekses dari pandemi Covid-19 tersebut banyak usaha UMKM mengalami penurunan pendapatan dan bahkan terjadi penutupan usaha. Salah satu cara untuk menghilangkan hambatan dari pandemi Covid-19 tersebut bagi UMKM adalah dengan inklusi keuangan digital. Karena inklusi keuangan digital banyak memberikan manfaat bagi UMKM antara lain: Transaksi dan pencatatan laporan keuangan menjadi lebih mudah dan dapat dimonitor secara langsung, ketimbang menggunakan cash yang perlu dilakukan pencatatan ulang; Mempermudah akses terhadap pendanaan, karena perbankan dan lembaga keuangan memerlukan pencatatan transaksi yang baik dan sistematis, sebagai salah satu syarat pendanaan; Memiliki akses penjualan yang lebih luas, karena dapat menjangkau kalangan yang adaptif dengan teknologi; Kemudahan transaksi dari sistem pembayaran digital menjadi lebih terintegrasi, sehingga dapat memicu digitalisasi UMKM; Dengan inklusi keuangan digital, dapat lebih menambah kepercayaan bagi UMKM untuk bermain dipasar yang lebih luas dan besar; Menjadi lebih diakui ketimbang dilakukan dengan cara konvensional. Untuk mengimplementasikan inklusi keuangan digital pada usaha UMKM, agar dapat berjalan secara komprehenship dengan berbiaya murah dan tepat sasaran, disarankan pelaksanaannya dilakukan kolaborasi antara Pemerintah Pusat dan Daerah, Lembaga keuangan dan perbankan serta akademisi.  
Company Size as a Moderating Determinant of Going Concern Audit Opinion (GCAO) on Emphasis of Matter (EOM) Paragraph Winarta, Wiwiek; Sailendra, Sailendra
Dinasti International Journal of Management Science Vol. 5 No. 6 (2024): Dinasti International Journal of Management Science (July - August 2024)
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijms.v5i6.3067

Abstract

This study aims to examine the effect of solvency and asset turnover on the company's chances of receiving a GCAO on EOM paragraph, with company size as a moderating variable. The research focuses on companies in the hospitality industry listed on the Indonesia Stock Exchange during the Covid-19 pandemic in the 2020-2022 period. The independent variables analyzed include solvency and asset turnover, while the dependent variable is the GCAO on EOM paragraph. This research method uses a purposive sampling technique to select 28 companies as samples for the 2020-2022 period. Data analysis was carried out using logistic regression implemented through the EViews application. The results of the analysis show that the higher the debt or low solvency, the higher the chance of the company receiving a GCAO on EOM paragraph. Meanwhile, the higher the asset turnover, the lower the chance of the company receiving a GCAO on EOM paragraph. In addition, company size is proven to moderate the effect of solvency and asset turnover on the chances of receiving a GCAO on EOM paragraph. In conclusion, companies with high solvency and high asset turnover during the Covid-19 pandemic can maintain their business continuity, so auditors do not feel the need to issue a GCAO on EOM paragraph.
Determinant of green value on corporate tax avoidance Sailendra, Sailendra
Educoretax Vol 4 No 8 (2024)
Publisher : WIM Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/educoretax.v4i8.1057

Abstract

This study investigates the relationship between green value and tax avoidance, with a focus on the moderating role of intellectual capital. Using a sample of 264 firm-year observations from Indonesian listed companies between 2017 and 2022, we employ panel data regression analysis to examine these relationships. Our findings reveal that while green value does not have a significant direct effect on tax avoidance, intellectual capital plays a crucial role both as a direct determinant and as a moderator. Specifically, we find that higher intellectual capital is associated with lower tax avoidance, suggesting that firms with strong intellectual resources tend to engage in more responsible tax practices. However, the positive moderating effect of intellectual capital on the relationship between green value and tax avoidance indicates that firms with high intellectual capital may be more adept at leveraging their environmental initiatives for efficient tax planning. These results highlight the complex interplay between environmental commitment, intellectual resources, and tax strategies in modern corporations. Our study contributes to the growing literature on corporate sustainability and tax behavior, offering implications for policymakers in designing tax regulations and environmental incentives, and for managers in strategically managing intellectual capital for both environmental and tax efficiency purposes.
Effect of Green Accounting and CSR Disclosure on Financial Performance, Moderated by Institutional Ownership Surahmat, Surahmat; Sailendra, Sailendra; Mulyadi, JMV
JASa (Jurnal Akuntansi, Audit dan Sistem Informasi Akuntansi) Vol 9 No 1 (2025): April
Publisher : Program Studi Akuntansi Universitas Langlangbuana Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/jasa.v9i1.2807

Abstract

Financial performance is a description of the company's financial condition in a certain period that shows the company's ability to manage its resources. This study aims to analyze the effect of green accounting and CSR disclosure on financial performance, moderated by institutional ownership in manufacturing companies listed on the Indonesia Stock Exchange (IDX) during the period 2019 - 2023. Financial performance projected by Return on assets (ROA). This test uses 50 samples of company data using purposive sampling method. Data analysis method using multiple linear regression. The results showed that green accounting which is proxied with Public Disclosure Program for Environmental Compliance (PROPER) predicate has a negative and significant effect on financial performance. CSR disclosure has a positive effect on financial performance. Institutional ownership moderates the influence of green accounting on financial performance and a negative moderator in the relationship between CSR disclosure and financial performance.
The Effect of Tax Avoidance, Environmental Performance, and Institutional Ownership on Firm Value with Profitability as a Moderator Ryanto, Rudy Ryanto; Sailendra, Sailendra; Syam, M. Ardiansyah Syam
Jurnal Riset Akuntansi dan Auditing Vol 12 No 2 (2025): Jurnal Riset Akuntansi dan Auditing
Publisher : Sekolah Tingg Ilmu Ekonomi Y.A.I Jakarta - Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55963/jraa.v12i2.840

Abstract

This study analyses the factors affecting firm value in the extractive sector listed on the Indonesia Stock Exchange (IDX) during the 2020-2024 period, focusing on tax avoidance, environmental performance, and profitability as a moderating variable. Using purposive sampling, 37 companies were selected, resulting in 185 observations. Secondary data, including financial reports and PROPER ratings, were analysed using partial least squares-based structural equation modelling (PLS-SEM). The novelty of this research lies in integrating financial factors (tax avoidance and profitability) and environmental factors (environmental performance) into a single analytical model. The findings reveal that tax avoidance has no effect on firm value, suggesting investors do not prioritize tax strategies. In contrast, environmental performance has a significant negative effect, possibly due to concerns that environmental investments have not yet yielded sufficient financial returns. Profitability has a significant positive effect on firm value. Furthermore, profitability does not moderate the relationship between tax avoidance and firm value but significantly moderates the negative effect of environmental performance on firm value. This implies that highly profitable companies are better positioned to absorb environmental costs without significantly reducing their firm value, achieving a balance between environmental responsibility and value creation. Abstrak - Penelitian ini menganalisis faktor-faktor yang memengaruhi nilai perusahaan di sektor ekstraktif pada Bursa Efek Indonesia (BEI) periode 2020-2024, dengan fokus pada tax avoidance, kinerja lingkungan, dan profitabilitas sebagai variabel moderasi. Sebanyak 37 perusahaan dipilih melalui metode purposive sampling, menghasilkan 185 observasi. Data sekunder, seperti laporan keuangan dan peringkat PROPER, dianalisis menggunakan structural equation modeling (SEM) berbasis partial least squares (PLS-SEM). Kebaruan penelitian ini terletak pada integrasi faktor finansial (tax avoidance dan profitabilitas) dan faktor lingkungan (kinerja lingkungan) dalam satu model analisis, yang memperdalam pemahaman tentang bagaimana perusahaan sektor ekstraktif mengelola strategi keuangan dan tanggung jawab lingkungan secara bersamaan. Hasil penelitian menunjukkan bahwa tax avoidance tidak berpengaruh terhadap nilai perusahaan, menunjukkan bahwa investor kurang memprioritaskan strategi pajak. Sebaliknya, kinerja lingkungan berpengaruh negatif signifikan terhadap nilai perusahaan karena kekhawatiran biaya lingkungan belum sebanding dengan manfaat finansial. Profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan. Selain itu, profitabilitas tidak memoderasi hubungan antara tax avoidance dan nilai perusahaan, namun secara signifikan memoderasi pengaruh negatif kinerja lingkungan terhadap nilai perusahaan. Artinya, perusahaan dengan profitabilitas tinggi lebih mampu menyerap biaya lingkungan tanpa mengurangi nilai perusahaan secara drastis.
Co-Authors Djaddang, Syahril JMV Mulyadi Ryanto, Rudy Ryanto Surahmat Surahmat, Surahmat Syam, M. Ardiansyah Syam Winarta, Wiwiek