Articles
<![CDATA[The Impact Of Information Asymmetry On Esg And Intellectual Capital In Reducing Equity Costs ]]>
<![CDATA[Nabila, Firda Ainun]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Prastiwi, Arum]]>
<![CDATA[ Jurnal Reviu Akuntansi dan Keuangan Vol. 14 No. 4 (2024): Jurnal Reviu Akuntansi dan Keuangan ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jrak.v14i4.36204
<![CDATA[Purpose: This study examines the effect of intellectual capital and ESG disclosures on equity costs, with information asymmetry as a moderating variable. Methodology/approach: This quantitative study uses an explanatory approach, focusing on manufacturing companies listed on the Indonesia Stock Exchange from 2019-2022. Secondary data from annual reports were analyzed using Moderated Regression Analysis. Findings: The results of the study show that intellectual capital disclosure and ESG can reduce the cost of capital. High information asymmetry can weaken the negative relationship between ICD on the cost of capital. Practical implications: For companies with the results of this study, it can be considered to maximize the benefits of ESG ICD disclosure in reducing the cost of capital, companies need to focus on reducing information asymmetry. This can be done through the presentation of more complete, detailed, and verifiable information about ESG and ICD performance. Originality/value: Including information asymmetry as a moderating variable, this study offers a new perspective, highlighting how the effect of intellectual capital and ESG disclosures on equity costs depends on information distribution, a factor previously underexplored.]]>
<![CDATA[The The impact of materiality and stakeholder engagement on firm sustainability reporting ]]>
<![CDATA[Salsabilla, Shafira]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Andayani, Wuryan]]>
<![CDATA[ Journal of Innovation in Business and Economics Vol. 8 No. 01 (2024): Journal of Innovation in Business and Economics ]]>
Publisher : <![CDATA[Faculty of Economics and Business, University of Muhammadiyah Malang ]]>
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DOI: 10.22219/jibe.v8i01.30670
<![CDATA[This paper empirically examines the influence of materiality and stakeholder engagement on the quality of sustainability reports in manufacturing companies in Indonesia from 2017 to 2022. The quality of sustainability reporting is measured using four index dimensions: relative quantity of disclosure, density, accuracy, and management orientation. Materiality and stakeholder engagement are assessed using a content analysis methodology, with relevance of disclosure as the measurement criterion. The regression analysis reveals that materiality has a significant negative effect on the quality of sustainability reporting. Conversely, stakeholder engagement has a significant positive effect on the quality of sustainability reporting. These findings highlight a potential trade-off: an excessive emphasis on materiality may lead to the omission of other critical components, thereby reducing the overall quality and comprehensiveness of sustainability reporting.]]>
<![CDATA[Do investing in information technology and intellectual capital improve firm value in the financial technology era? ]]>
<![CDATA[Maghfiroh, Ariny]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Mardiati, Endang]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 2: May 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v25i2.21707
<![CDATA[Research aims: This research aims to prove the impact of information technology investments and intellectual capital on firm value (Tobin’s Q) in the financial technology era.Design/Methodology/Approach: This study’s population was banks listed on the Indonesian Stock Exchange (ISE) during 2017–2022. Purposive sampling was utilized to choose a sample of 46 banks, resulting in a total of 112 observations during six years. This research employed GMM regression for empirical analysis, considering endogeneity. Research findings: The study revealed that while investments in information technology exerted a favorable influence on firm value, intellectual capital had a beneficial impact on firm value. Human Capital Efficiency (HCE) and Capital Employed Efficiency (CEE) positively impacted firm value. However, the variables Structural Capital Efficiency (SCE) and Relational Capital Efficiency (RCE) did not have any effect on firm value. The variables being controlled for in this study comprised corporate level, industry level, and banking type. The financial success of a corporation could be influenced by the corporate level, determined by the organization's size. The influence of industrial level and bank type on company firm value was limited due to the dynamic nature of market conditions and the intensifying competition within the banking system.Theoretical contribution/ Originality: This research contributes theoretically to the field of signaling theory by presenting an advantageous analytical framework to examine the effects of IT investments in the dynamic financial sector.Practitioner/Policy implication: This research contributes to investors in determining investment decisions and the council of commissioners to enhance supervision of IT investments, encourage banking to innovate in leveraging information technology, and introduce new products that can meet customer needs.Research limitation/Implication: The research focuses exclusively on banks listed on ISE and exclusively employs the MVAIC methodology for research purposes. Since this research was limited to the financial statements presented by the company, so some necessary data were not available, requiring an interview or spreading the questionnaire to the sample used. This research was also limited to banking in Indonesia, so the samples used were also limited, and there needs to be a comparison.]]>
<![CDATA[Pengaruh Corporate Governance Dan Kompensasi Eksekutif Terhadap Pengungkapan Emisi Karbon ]]>
<![CDATA[Kusumaning Ayu Meryam Julyanda Putri]]>;
<![CDATA[Saraswati, Erwin]]>
<![CDATA[ Reviu Akuntansi, Keuangan, dan Sistem Informasi Vol. 3 No. 3 (2024): Reviu Akuntansi, Keuangan, dan Sistem Informasi (REAKSI) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/reaksi.2024.3.3.399
<![CDATA[This study aims to analyze the effect of corporate governance and executive compensation on voluntary disclosure of carbon emissions. The comprehensive variables for corporate governance include independent boards, female boards, and CEO duality. Executive compensation is the amount of compensation given to company executives, namely the board of commissioners and directors to improve Corporate Social Responsibility (CSR) performance. Carbon emission disclosures are calculated using the Carbon Disclosure Checklist. This study utilizes data from the financial reports, annual reports, and/or sustainability reports of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. The samples consist of 222 firm-years selected through non-probability sampling with a purposive sampling method. The data involves unbalanced panel data with different time units for the respective companies. They are analyzed using the Random Effect Model with the Generalized Least Square (GLS) method. The test results show that the proportion of female boards affects carbon emission disclosure; independent board, CEO duality, and executive compensation do not affect carbon emission disclosure. Abstrak Penelitian ini bertujuan untuk menganalisis dampak corporate governance dan kompensasi eksekutif terhadap pengungkapan sukarela emisi karbon. Variabel komprehensif yang digunakan dalam corporate governance adalah komisaris independen, dewan perempuan, dan CEO duality. Kompensasi eksekutif merupakan jumlah kompensasi yang diberikan kepada eksekutif perusahaan, yaitu dewan komisaris dan direksi untuk meningkatkan kinerja Corporate Social Responsibility (CSR). Pengungkapan emisi karbon dihitung menggunakan Carbon Disclosure Checklist. Penelitian ini menggunakan data dari laporan keuangan, laporan tahunan dan/atau laporan berkelanjutan perusahaan sektor manufaktur yang terdaftar di Bursa Efek Indonesia (BEI) pada tahun 2018-2022. Penentuan sampel dilakukan dengan metode non-probability sampling dengan pendekatan purposive sampling dan diperoleh total sampel sebanyak 222 firm-years. Data yang digunakan adalah unbalanced data panel yaitu data dengan jumlah unit waktu tiap perusahaan berbeda. Analisis data dilakukan menggunakan Random Effect Model dengan metode Generalized Least Square (GLS). Hasil pengujian menyatakan bahwa proporsi dewan perempuan berpengaruh terhadap pengungkapan emisi karbon. Selanjutnya, komisaris independen, CEO duality, dan kompensasi eksekutif tidak berpengaruh terhadap pengungkapan emisi karbon.]]>
<![CDATA[Pengaruh Insentif Pajak, Sistem Perpajakan Digital, Dan Digitalisasi Bisnis Terhadap Peningkatan Kepatuhan Pajak Umkm Di Era New Normal ]]>
<![CDATA[Wijanarko, Karen Natalia]]>;
<![CDATA[Saraswati, Erwin]]>
<![CDATA[ Telaah Ilmiah Akuntansi dan Perpajakan Vol. 2 No. 4 (2024): Telaah Ilmiah Akuntansi dan Perpajakan (TIARA) ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Universitas Brawijaya ]]>
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DOI: 10.21776/tiara.2024.2.4.52
<![CDATA[This study aims to examine and analyze the effect of tax incentives, digital tax systems, and business digitization on increasing MSME tax compliance in the new normal era. The population in this study involves all Micro, Small and Medium Enterprises (MSMEs) in Banyuwangi Regency, from which 99 samples are selected through purposive sampling. This study employs a quantitative approach where the data are collected through a survey utilizing an online questionnaire and analyzed by multiple regression. The analysis shows that digital tax systems and business digitization increase MSME tax compliance. At the same time, this is not the case for tax incentives due to the lack of socialization, tax incentive knowledge, and MSME income fluctuations. Abstrak Penelitian ini bertujuan untuk menguji dan menganalisis pengaruh insentif pajak, sistem perpajakan digital, dan digitalisasi bisnis terhadap peningkatan kepatuhan pajak UMKM di era new normal. Populasi dalam penelitian ini adalah seluruh Usaha Mikro Kecil dan Menengah (UMKM) di Kabupaten Banyuwangi. Sampel dalam penelitian ini dipilih menggunakan metode purposive sampling dengan total 99 sampel yang dapat diolah. Penelitian ini merupakan penelitian kuantitatif dengan menggunakan metode survei melalui instrumen kuesioner online. Metode analisis yang digunakan adalah analisis regresi berganda. Hasil penelitian ini menunjukkan bahwa sistem perpajakan digital dan digitalisasi bisnis dapat mendorong peningkatan kepatuhan pajak UMKM, sedangkan insentif pajak tidak dapat mendorong peningkatan kepatuhan pajak UMKM. Hal tersebut disebabkan oleh kurangnya sosialisasi dan pemahaman akan insentif pajak yang disertai dengan naik turunnya penghasilan UMKM.]]>
<![CDATA[The Effect of Information and Communication Technology Disclosure and Corporate Social Responsibility in the Digitalization Process on Company Value ]]>
<![CDATA[Maulana Fitri Agustin Nur Wahyuni]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Prastiwi, Arum]]>
<![CDATA[ The International Journal of Accounting and Business Society Vol. 32 No. 2 (2024): The International Journal of Accounting and Business Society (August 2024 - De ]]>
Publisher : <![CDATA[Accounting Department, ]]>
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DOI: 10.21776/ijabs.2024.32.2.705
<![CDATA[Abstract Purpose – This study examines the effect of information and communication technology (ICT) disclosure and corporate social responsibility (CSR) in the digitalization process on company value. Design/Methodology/Approach – This study employed the quantitative content analysis method by collecting and qualitatively analyzing data from the company website followed by quantitative data analysis. The sample of the study was 41 banking companies listed on the Indonesia Stock Exchange during the 2021 period selected using the criteria-based sample selection method. This study used multiple regression analysis. Findings – Research results showed that ICT disclosure on the website in the digitalization process has a positive effect on company value. ICT disclosure on company websites can inform the stakeholders that the management has optimized its resources and implemented innovative business models, improving the efficiency, quality, and consistency of business processes to build a good reputation in the eyes of investors and potential investors. However, CSR disclosure on the company websites has a negative effect on company value due to some issues. Firstly, CSR information disclosed on the company's website is potentially ineffective in increasing operational profitability in the short term. Secondly, banking companies have not properly allocated CSR funds or companies have over-invested in CSR activities. Thirdly, it was found that CSR disclosure during the pandemic had no impact on stock returns. Overall, this study further showed that the disclosure of ICT and CSR complies with the principles of signaling theory because the information serves as a signal concerning the company’s condition to investors which further affects the company’s value. Practical Implications – This research provides a practical contribution for both investors and management. The investors acquire a new source of information in investment decisions making in addition to financial statements, namely such information from non-financial disclosures such as ICT and CSR through easily accessible media. Furthermore, managers gain a new perspective in understanding the potential of ICT and CSR disclosures on websites. Managers need to focus and carefully consider the concept of quality and quantity of information disclosed to the public and stakeholders since abundant information disclosure does not guarantee an increase in company value. Managers need to provide information on ICT and CSR as an approach to meet the needs of stakeholders and influence the decision-making process. Originality/Value – This study uses a banking company as the object of research, where this research is expected to assist the company in making a decision related to understanding potential of ICT and CSR disclosures that can affect firm value. Keywords: ICT disclosure, CSR disclosure, company value Paper Type – Research paper]]>
<![CDATA[Teknik Prediksi Pembangunan Ekonomi Berbasis Ekonomi Hijau Pada Perencanaan Daerah ]]>
<![CDATA[Santoso, Dwi Budi]]>;
<![CDATA[Pangestuty, Farah Wulandari]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Fuadi, Hamdan]]>
<![CDATA[ Jurnal Pengabdian Masyarakat Indonesia Vol 5 No 1 (2025): JPMI - February 2025 ]]>
Publisher : <![CDATA[CV Infinite Corporation ]]>
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DOI: 10.52436/1.jpmi.3264
<![CDATA[Teknik prediksi pembangunan ekonomi berbasis ekonomi hijau pada perencanaan daerah di latar belakangi oleh keterbatasan kemampuan SDM Bappeda Kabupaten Malang melakukan analisis teknik prediksi secara optimal, seperti pengelompokan indikator pilar pembangunan ekonomi hijau, menetapkan target pilar utama kesejahteraan sosial. Hambatan ini menunjukkan perlunya dukungan tambahan, baik dari pemerintah untuk memastikan keberlanjutan dan efektivitas program pengabdian ini. Kegiatan pengabdian kepada masyarakat dalam rangka pelatihan teknik prediksi pembangunan ekonomi berbasis ekonomi hijau telah sukses dilaksanakan pada Rabu, 10 Oktober 2024. Kegiatan ini berlangsung di Aula Gedung Dekanat Lama Fakultas Ekonomi dan Bisnis Universitas Brawijaya dan diikuti oleh 30 anggota BAPPEDA Kota Malang. Pelatihan tersebut mencakup pendalaman konsep ekonomi hijau serta praktik teknis dalam memprediksi indikator pembangunan yang berbasis pada pilar ekonomi, sosial, dan lingkungan. Partisipasi aktif dari para anggota BAPPEDA menunjukkan antusiasme tinggi dalam memahami dan mengimplementasikan konsep ini dalam dokumen perencanaan daerah. Dengan suasana yang mendukung dan fasilitas yang memadai, kegiatan ini berhasil memberikan pemahaman yang mendalam serta meningkatkan kompetensi peserta, yang diharapkan dapat mendukung upaya penyusunan perencanaan pembangunan daerah yang berkelanjutan.]]>
<![CDATA[Pengungkapan Corporate Sosial Responsibility, Media Exposure dan Profitabilitas ]]>
<![CDATA[Erwin Saraswati]]>;
<![CDATA[Upik Nindi Febryanti]]>;
<![CDATA[Ananda Sagitaputri]]>
<![CDATA[ E-Jurnal Akuntansi Vol 30 No 12 (2020) ]]>
Publisher : <![CDATA[Accounting Department, Economic and Business Faculty of Universitas Udayana in collaboration with the Association of Accounting Department of Indonesia, Bali Region ]]>
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DOI: 10.24843/EJA.2020.v30.i12.p17
<![CDATA[This research examined the impact of corporate social responsibility (CSR) disclosure on firms’ profitability moderated by media exposure. The samples selected were 15 agricultural firms listed on Indonesian Stock Exchange for the period of 2016-2018. The data were analyzed using Moderated Regression Analysis (MRA). The result showed that CSR disclosure do not affect ROA, but media exposure had a direct effect to ROA. Based on the legitimacy theory, firms conduct CSR to align with societal values and norms. To earn legitimacy from the society, CSR needs to be communicated to channels that are easily accessed by the people, so the benefits of CSR can be realized into profits. Based on the research results, companies are expected to use their websites or social media more often to communicate their CSR activities. Keywords: Corporate Sosial Responsibility; Disclosure; Profitability; Media Exposure.]]>
<![CDATA[The Role of STOPE Framework in the Effectiveness of E-Catalog at the Ministry of Public Works and Public Housing ]]>
<![CDATA[Wibowo, Rina]]>;
<![CDATA[Saraswati, Erwin]]>;
<![CDATA[Atmini, Sari]]>
<![CDATA[ Eduvest - Journal of Universal Studies Vol. 5 No. 6 (2025): Eduvest - Journal of Universal Studies ]]>
Publisher : <![CDATA[Green Publisher Indonesia ]]>
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DOI: 10.59188/eduvest.v5i6.51355
<![CDATA[The implementation of sectoral e-catalogs is a crucial part of government procurement reform, aiming to enhance transparency, accountability, and efficiency. However, its effectiveness still encounters several challenges in practice. Understanding the influencing factors is essential for optimizing the system.. This study adopts a quantitative approach using a survey method. The respondents are employees of the Ministry of Public Works and Public Housing who are directly involved in the management and use of sectoral e-catalogs. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with the STOPE (Strategy, Technology, Organization, People, Environment) framework as the theoretical basis. The findings reveal that strategic, technological, organizational, and people-related factors have a positive and significant effect on the effectiveness of sectoral e-catalog implementation. In contrast, environmental factors did not show a significant impact. The results highlight the importance of strengthening internal capacity and alignment across strategic, technological, organizational, and human resource dimensions to improve e-catalog performance. These insights are valuable for developing more adaptive and responsive electronic procurement policies in the public sector.]]>
<![CDATA[Pengaruh Pengungkapan Laporan Keberlanjutan Terhadap Kinerja Keuangan Perusahaan ]]>
<![CDATA[Lesar, Nathaniel Erald]]>;
<![CDATA[Saraswati, Erwin]]>
<![CDATA[ Jurnal Akuntansi Manado (JAIM) Volume 6. Nomor 1. April 2025 ]]>
Publisher : <![CDATA[Fakultas Ekonomi Universitas Negeri Manado ]]>
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DOI: 10.53682/jaim.vi.11445
<![CDATA[Penelitian ini bertujuan untuk menguji pengaruh pengungkapan laporan keberlanjutan terhadap kinerja keuangan perusahaan. Populasi dari penelitian ini adalah perusahaan sektor manufaktur yang terdafar di Bursa Efek Indonesia selama tahun 2018-2022, terdapat 22 perusahaan manufaktur yang dipilih menjadi sampel penelitian berdasarkan purposive sampling. Pengungkapan laporan keberlanjutan dinilai melalui dua perspektif, yaitu kuantitas dan kualitas dari item pengungkapan sedangkan kinerja keuangan dinilai menggunakan return on asset. Penelitian ini menggunakan regresi data panel dengan aplikasi Eviews12 sebagai alat pengolahan data. Hasil dari penelitian ini menunjukkan bahwa pengungkapan laporan keberlanjutan dari perspektif kuantitas memberikan dampak yang positif terhadap kinerja keuangan perusahaan, sedangkan pengungkapan dari perspektif kualitas sebaliknya. Temuan dari penelitian ini diharapkan dapat memberi implikasi bagi studi terhadap pengungkapan keberlanjutan melalui penilaiannya terhadap aspek kuantitas dan kualitas pengungkapan, serta dapat memberikan perspektif baru bagi perusahaan manufaktur dalam meningkatkan kinerja keuangannya melalui pelaporan keberlanjutan.]]>
