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Board Structure in the Control of Real Earnings Management: Does Profitability Play a Role? Evidence from Indonesia’s LQ45 Putri, Sarah Widyana; Valdiansyah, Riyan Harbi; Firmansyah, Amrie
JIMAT (Jurnal Ilmiah Mahasiswa Akuntansi) Undiksha Vol. 15 No. 04 (2024): Jurnal Ilmiah Mahasiswa Akuntansi
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/jimat.v15i04.86512

This study analysed the role of the audit committee as a moderating variable on the relationship between board structure and real earnings management, with profitability as a control variable. Findings indicate that a larger board size enhances oversight through diverse expertise, enabling stronger monitoring of managerial actions and reducing earnings manipulation. Board independence also supports transparency and accountability, aligning with Indonesia’s Financial Services Authority regulations. Moderated by Return on Assets (ROA), both board size and independence significantly impact real earnings management. Larger boards effectively limit manipulation in profitable firms, while high ROA strengthens the oversight of independent directors, further curbing manipulative practices. This combination of board characteristics and profitability contributes to a governance framework that supports ethical financial practices, aligned with agency theory to protect shareholder value and reduce agency costs. Future research could incorporate additional moderating variables, such as managerial leadership and dividend policy, or proxies from corporate governance indices, as well as explore board and gender diversity within board structure to further examine its influence on real earnings management.

Tax Aspect, Governance Mechanism, and New Bank Discretion: Restructuring & Covid-19 Effect Valdiansyah, Riyan Harbi; Hartati, Andi Neneng Sugi; Puspitasari, Diana
EQUITY Vol 27 No 2 (2024): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v27i2.9262

This study investigates the influence of deferred tax expenses and tax retention on earnings management with banking governance mechanisms as moderating variables. The sample for this study comprises 124 data points from banks listed on the IDX between 2019 and 2022. The effects of credit restructuring and the global SARS-CoV-2 pandemic were examined using a moderated regression analysis with a fixed effect model (FEM). The results reveal that deferred tax expenses have a positive impact on discretionary provision, while tax planning has no effect. Additionally, an independent commissioner mitigates the positive effect of deferred tax expenses on earnings management. The study also finds a significant difference in earnings management practices between the pre-Covid-19 period and pandemic periods. These findings suggest that regulators and banking risk control teams should be cautious about tax aspects that may encourage discretionary behavior such as deferred tax liabilities and tax planning during specific periods. Keywords: Deferred Tax Expense, Tax Retention Rate, Governance Mechanism, Earnings Management, Covid-19.

PRIME LENDING RATE AND BANK PERFORMANCE: EVALUATION OF CREDIT QUALITY IN EMERGING COUNTRY Karim, Muhammad; Novitasari, Desi; Valdiansyah, Riyan Harbi; Lorensa, Roro Lonita
International Journal of Contemporary Accounting Vol. 6 No. 2 (2024): December
Publisher : Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v6i2.21414

This study investigates the impact of the prime lending rate on credit quality and its subsequent effect on banking performance (LDR, ROA, NIM) in Indonesia. This quantitative study encompasses 43 conventional banks listed on the Indonesia Stock Exchange (IDX) between 2019 and 2023, with 215 data points. The originality of this study lies in its examination of the direct and indirect effects of credit quality on the relationship between the prime lending rate and banking performance. The data were analyzed using the mediation regression method with panel data, using EViews 13.0 employed for this purpose. The results of the study demonstrate that PLR has a positive effect on credit quality (NPL) and LDR, but a negative effect on ROA, and no effect on NIM. Conversely, NPL exerts a negative influence on LDR, ROA, and NIM. The mediation test revealed that PLR has a negative effect on LDR, ROA, and NIM through NPL. Ultimately, the findings suggest that banking practitioners should exercise caution when pursuing high net interest margin (NIM), return on assets (ROA), and loan-to-deposit (LDR) ratios. Instead, a more prudent approach to extending credit is recommended to maintain the NPL ratio below 5%. This approach contributes to the sustained financial stability of the banking institutions under consideration. For policymakers, the study offers insights into the broader effects of interest rate changes on banking stability and credit quality in emerging markets. Financial regulators, such as Bank Indonesia, could utilize these findings to develop policies that balance economic growth objectives with financial stability. For instance, they could implement measures to maintain NPLs below critical thresholds during periods of fluctuating interest rates. These implications encourage a balanced approach to managing interest rates, focusing on credit quality, and maintaining consistent performance to ensure long-term financial stability.

Meningkatkan Minat Baca pada Anak-Anak Desa Gunung Picung, Kabupaten Bogor Anggraeni, Desy; Rahayu, Sri; Valdiansyah, Riyan Harbi
Indonesian Journal of Emerging Trends in Community Empowerment Vol. 2 No. 2 (2024): Desember
Publisher : PT Hakhara Akademia Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.71383/ijetce.v2i2.35

This community service activity aims to increase the reading interest of the residents of Gunung Picung Village, Bogor Regency, West Java. A strong reading interest can influence a child’s level of intelligence, including analytical skills, critical thinking, creativity, and their ability to understand various types of information. This Community Service activity utilizes a method that involves students in the preparation, implementation, and evaluation processes. Rumah Cerdas Berbudi Luhur (RCBL) represents a tangible effort in community service to help improve the reading interest of the community, particularly in Gunung Picung Village, Bogor Regency. The program has successfully created an environment that is comfortable for the community to read, enhanced literacy skills, and fostered early reading habits. Thus, Rumah Cerdas Berbudi Luhur (RCBL) serves as a reading corner that is expected to produce a generation that is intelligent, responsible, and ready to face future challenges.

Tax Aspect, Governance Mechanism, and New Bank Discretion: Restructuring & Covid-19 Effect Riyan Harbi Valdiansyah; Andi Neneng Sugi Hartati; Diana Puspitasari
EQUITY Vol 27 No 2 (2024): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v27i2.9262

This study investigates the influence of deferred tax expenses and tax retention on earnings management with banking governance mechanisms as moderating variables. The sample for this study comprises 124 data points from banks listed on the IDX between 2019 and 2022. The effects of credit restructuring and the global SARS-CoV-2 pandemic were examined using a moderated regression analysis with a fixed effect model (FEM). The results reveal that deferred tax expenses have a positive impact on discretionary provision, while tax planning has no effect. Additionally, an independent commissioner mitigates the positive effect of deferred tax expenses on earnings management. The study also finds a significant difference in earnings management practices between the pre-Covid-19 period and pandemic periods. These findings suggest that regulators and banking risk control teams should be cautious about tax aspects that may encourage discretionary behavior such as deferred tax liabilities and tax planning during specific periods. Keywords: Deferred Tax Expense, Tax Retention Rate, Governance Mechanism, Earnings Management, Covid-19.

Post-Covid-19 Financial Distress Analysis: Insights from Indonesian Transportation Sub-Sector Companies Neni Maharani; Nanda Pramayasti Mulyadi; Riyan Harbi Valdiansyah
EQUITY Vol 28 No 1 (2025): EQUITY
Publisher : Department of Accounting, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34209/equ.v28i1.10594

The objective of this study is to analyze the prediction of financial distress in transportation sub-sector companies listed on the Indonesia Stock Exchange for the period 2021-2023 using four prediction models: Altman (Z-Score), Springate (S-Score), Zmijewski (X-Score), and Grover (G-Score). The study will calculate the level of accuracy. The analysis utilizes secondary data, specifically financial reports from 12 companies, constituting a total sample of 36. The findings indicate that the Zmijewski and Grover model exhibits the highest accuracy rate of 76%, followed by zmijewski with 71%, springate with 46%, and Altman with 26%. These results suggest that the Zmijewski and Grover model is appropriate model for use in the transportation sub-sector in Indonesia during the observed period. The implications of this research suggest that Zmijewski and Grover's model can be utilized by companies to evaluate financial conditions proactively, by investors to assess investment risks, and by regulators to ensure the stability of the transportation sub-sector. However, this study also underscores that Zmijewski and Grover's model cannot be generalized to all sectors, emphasizing the necessity for further research to test the model in other sectors by considering both financial and non-financial variables. Keywords: Financial Distress; Accuracy; Post-covid; DAR; Net Profit.

Dinamika Pertumbuhan Ekonomi Ibu Kota Negara (IKN): Peran Indeks Kemahalan Konstruksi, Tingkat Pengangguran, dan Investasi Amalia, Meby; Indirman, Veri; Valdiansyah, Riyan Harbi
DIALEKTIKA: Jurnal Ekonomi dan Ilmu Sosial Vol 10 No 1 (2025): Dialektika: Jurnal Ekonomi dan Ilmu Sosial
Publisher : Prodi Manajemen Fakultas Ekonomi dan Bisnis Universitas Islam Raden Rahmat Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36636/dialektika.v10i1.6475

This study aims to analyze the effect of the construction cost index and unemployment rate on regional economic growth, with the investment rate as an intervening variable. This study uses data from the National Capital City (IKN) for the 2019-2023 period using panel data from 10 cities in the IKN region for five years. This study used path analysis (mediation) with the Sobel test. The results show a significant relationship between the construction cost index and unemployment rate and economic growth. Construction infrastructure investment has a long-term positive impact through improved infrastructure quality and job creation. On the other hand, a high unemployment rate can hamper economic growth because of decreased purchasing power and limited market demand. This research emphasizes the importance of careful and sustainable infrastructure development planning as well as efforts to create quality jobs to support inclusive economic growth. The results provide important insights for policymakers and developers in planning infrastructure development in IKN.

ASSESSING SUSTAINABILITY ASPECT, INTELLECTUAL CAPITAL, AND OWNERSHIP STRUCTURE IN ENHANCING FIRM PERFORMANCE: THE MODERATING ROLE OF PROFITABILITY Rizal, Josse; Valdiansyah, Riyan; Muhammad Ferdian, Saputra
International Journal of Contemporary Accounting Vol. 7 No. 1 (2025): July
Publisher : Fakultas Ekonomi dan Bisnis Universitas Trisakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25105/v7i1.22864

This study investigates the impact of green accounting, CSR, intellectual capital, and ownership structure on firm performance, moderated by profitability. Grounded in Resource-Based View and Stakeholder Theory, it explores how internal resources and governance mechanisms influence outcomes in Indonesia’s manufacturing sector. Using secondary data from 40 firms listed on the Indonesia Stock Exchange (2019–2023), it applies Moderated Regression Analysis (MRA) with a Common Effect Model on 200 firm-year observations. This study makes a novel contribution to governance literature by integrating green accounting, CSR, and ownership structure into sustainability-performance models. It clarifies mixed findings in prior research and underscores profitability’s complex moderation role. Practically, it guides firms in aligning sustainability investments with financial goals and refining ownership strategies to optimize performance. Region-specific relevance is reinforced through Indonesia’s PROPER system and CSR regulations (POJK 51), providing actionable insights for policy and corporate decision-making. Findings show green accounting enhances performance, while CSR and ownership structure have significant negative effects. Intellectual capital shows no direct influence. Profitability weakens the positive effect of green accounting and cushions CSR’s negative impact but does not moderate intellectual capital or ownership structure. The research contributes both theoretically and practically, offering a framework to assess how sustainability and governance interact with profitability in emerging market contexts.

Kakeibo untuk gen z: Strategi reflektif meningkatkan literasi dan disiplin finansial Valdiansyah, Riyan Harbi; Lusmeida, Herlina
Pengmasku Vol 5 No 2 (2025)
Publisher : PT WIM Solusi Prima

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54957/pengmasku.v5i2.1713

Literasi keuangan di kalangan Generasi Z Indonesia masih tergolong rendah, terutama dalam aspek pengelolaan anggaran dan pengambilan keputusan finansial jangka panjang. Program Pengabdian Kepada Masyarakat (PKM) ini bertujuan untuk menguji efektivitas metode Kakeibo, sebuah pendekatan pencatatan keuangan manual asal Jepang, dalam meningkatkan kesadaran finansial dan pengendalian pengeluaran di kalangan mahasiswa Gen Z. Kegiatan dilaksanakan melalui webinar interaktif yang melibatkan 126 peserta dari berbagai universitas, dengan fokus pada pencatatan pengeluaran, refleksi bulanan, dan evaluasi kebutuhan versus keinginan. Hasil survei pre- dan post-kegiatan menunjukkan peningkatan pemahaman peserta sebesar 72%, serta tingkat kepuasan antara 82–93% terhadap relevansi dan manfaat materi. Temuan menunjukkan bahwa metode tulis tangan dalam Kakeibo lebih efektif dibandingkan pendekatan digital dalam membentuk kebiasaan finansial yang reflektif dan berkelanjutan. Selain itu, peserta melaporkan adanya perubahan perilaku konsumsi, seperti penundaan pembelian impulsif dan peningkatan disiplin menabung. PKM ini memberikan kontribusi terhadap pengembangan model literasi keuangan berbasis refleksi yang dapat diintegrasikan dalam kurikulum pendidikan formal maupun modul edukatif digital. Meskipun terdapat keterbatasan dalam cakupan peserta dan durasi evaluasi, hasil kegiatan menunjukkan bahwa Kakeibo merupakan alternatif edukatif yang relevan dan berdampak bagi generasi muda Indonesia. Studi lanjutan disarankan untuk menguji dampak jangka panjang melalui pendekatan longitudinal dan pengembangan versi digital yang mempertahankan esensi reflektif metode Kakeibo.

Independent Commissioners as Gatekeepers: Influences on Debt Policies and Ownership in Coal Mining Firms Siti Nurjanah, Novia; Valdiansyah, Riyan
JURNAL AKUNTANSI DAN MANAJEMEN Vol 9 No 1 (2025): Accounting and Management Journal
Publisher : Universitas Nahdlatul Ulama Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33086/amj.v9i1.7199

This study analyzes the role of governance mechanisms in moderating the effect of share ownership status (managerial and institutional) on debt policy in coal mining companies in Indonesia for the 2019-2023 period. Utilizing secondary data from 13 companies (65 company-years) and employing the panel regression method with EViews 13 tools, the study's findings are as follows: Firstly, managerial ownership has been found to exert a significant positive influence on debt policy, as indicated by the Debt-to-Equity Ratio (DER). Secondly, institutional ownership has been demonstrated to possess a substantial negative effect, reflecting investors' propensity for a conservative capital structure. Thirdly, the presence of independent commissioners has been observed to diminish the positive effect of managerial ownership, underscoring the significance of supervision in balancing risk. Finally, independent commissioners have been found to mitigate the negative effect of institutional ownership, highlighting the importance of transparency. The study's findings offer guidance for various stakeholders, including management, investors, and regulators, in financial decision-making and the implementation of Good Corporate Governance. The study's limitations stem from its narrow focus on the coal mining subsector and the exclusion of additional variables, such as profitability. Suggestions for future research include expanding the study to include additional sectors and incorporating contextual variables.

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