Article Per Year (5 Year)
p-Index From 2021 - 2026
1.203
P-Index
This Author published in this journals
All Journal Jurnal Ekonomi, Bisnis dan Kewirausahaan (JEBIK) Gadjah Mada International Journal of Business Fair Value: Jurnal Ilmiah Akuntansi dan Keuangan MABIS: Manajemen dan Bisnis The Indonesian Journal of Accounting Research Kontigensi: Jurnal Ilmiah Manajemen Jurnal Akuntansi dan Keuangan Indonesia Journal of Indonesian Economy and Business Jurnal Akuntansi Kontemporer
Erni Ekawati
Universitas Kristen Duta Wacana
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Industrial & Manufacturing Engineering Social Sciences

Published : 13 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 13 Documents
Search

 1   2 
The Relationships between ESG Responsibility, Earnings Management, and Tax Aggressiveness: Evidence of the Halo Effect from Indonesia Ekawati, Erni
Journal of Indonesian Economy and Business Vol 40 No 1 (2025): January
Publisher : Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22146/jieb.v40i1.10099

Abstract

Introduction/Main Objectives: Sustainable firms should develop competitiveness by seeking interconnections between financial and non-financial goals. This research investigates the halo effect to shed light on the motives behind environmental, social, and governance (ESG) responsibility and tax aggressiveness engaged in by the firms dealing with real earnings management (REM). Background Problems: Do higher ESG scores improve corporate value due to corporate credibility and ethical practices, or due to the motive of doing good to cover up irresponsible practices? Novelty: Only a few studies have investigated the motivation of Indonesian companies in carrying out ESG, associated with REM and tax aggressiveness to test for a halo effect. Research Methods: This study is based on a sample of manufacturing companies listed on the Indonesia Stock Exchange between 2015 and 2019. Panel data regression models are used in testing the hypotheses. Finding/ Results: ESG scores have a positive effect on market value. The halo effect is present in manufacturing firms practicing REM. Firms entering into REM have significantly higher ESG scores. REM has a negative effect while ESG scores have a positive effect on tax aggressiveness. Conclusion: ESG scores could increase firms’ value. However, the presence of the halo effect results in higher ESG scores for firms engaging in REM. The REM activity prevents firms from aggressive tax planning, while governance responsibility encourages them to do so. The halo effect opens up the opportunity to engage in REM and tax aggressiveness. Thus, the government requires scrutiny considerations in order to avoid the unfavorable side effects of ESG enforcement.
INVESTMENT PAYOFFS OF TOP ESG PORTFOLIOS IN THREE-LARGEST ASIA’S COUNTRIES Christiani, Maria; Ekawati, Erni
Jurnal Akuntansi Kontemporer Vol. 17 No. 1 (2025)
Publisher : Widya Mandala Surabaya Catholic University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33508/jako.v17i1.5951

Abstract

Research Purposes. The purposes of the study are to evaluate the performance of the top Environment Social and Governance (ESG) portfolios in the three largest economies and most populous countries in Asia: Indonesia, China, and India, and to capture the dynamics and payoffs of socially responsible investing (SRI) in these markets. Research Methods. The Top ESG portfolios for each country are formed by the 30 firms with the top ESG scores listed on their respective stock exchanges from 2016 to 2022, and their performance is evaluated using the five-factor Capital Asset Pricing Model (CAPM), with a Brown portfolio of firms with no ESG scores from high-sensitive industries serving as a benchmark. Research Results and Findings. The research results indicate that the Brown portfolio consistently generates abnormal returns in three countries, indicating a high level of risk, while the abnormal returns for the Top ESG portfolio vary: none were found in Indonesia and China, but they are significant in India. The findings imply that high ESG scores provide high legitimacy in the market that could drive the stock price up, and eventually benefiting SRIs through financial rewards.
HOW DO INTELLECTUAL CAPITAL DISCLOSURES MEDIATE FINANCIAL STRUCTURE AND COMPANY PERFORMANCE? EVIDENCE FROM INDONESIA AND SINGAPORE Yusphita, Dea Mitzi; Ekawati, Erni
Jurnal Ekonomi Bisnis dan Kewirausahaan Vol 12, No 1 (2023): Jurnal Ekonomi Bisnis dan Kewirausahaan (JEBIK)
Publisher : Fakultas Ekonomi dan Bisnis, UNTAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26418/jebik.v12i1.54767

Abstract

This study examines the effect of disclosure of intellectual capital in mediating the financial structure and performance of companies using path analysis method. This study also compares the effect of disclosing intellectual capital on companies listed on the Indonesian and Singapore stock exchanges from 2018 to 2020. A two-stage least squares statistical model is used to test the research hypothesis. The findings show that the financial structure in Indonesia and Singapore has a significant negative effect on financial performance. Meanwhile, financial structure has a significant negative effect on market performance only in Singapore, while Indonesia has no effect. Disclosure of intellectual capital which is used as a mediating variable on financial structure and performance has a significant positive effect in Singapore. Meanwhile, there is no significant effect on the relationship between financial structure and market performance after being mediated by disclosure of intellectual capital. This study can be used by managers as a starting point for designing more effective methods of using intellectual capital to gain competitive advantage through leverage.JEL: M41, O34.
Co-Authors Butar Butar, Ursula. M. R. Christiani, Maria Eduardus Tandelilin Emy Rosiana Swandewi Candra Kristanto, Agus Budi Pondaag, Rianty Nikita Lotazia Rachmat Sudarsono Rahmaniati , Ni Putu Gita Suad Husnan Umi Murtini Yusphita, Dea Mitzi