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Fraud Triangle Perspective on Financial Statement Fraud with Quality Audit as a Moderating Variable Hudin, Emilio; Widagdo, Bambang; Jihadi, Muhammad
Business Innovation Management and Entrepreneurship Journal Vol. 3 No. 01 (2024): APRIL
Publisher : University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/bimantara.v3i01.32138

Financial Statement Fraud is a significant problem in the financial sector, where companies deliberately misrepresent their financial information to deceive stakeholders. Therefore, this study aims to analyze the perspective of Financial Stability, Financial Targets, and External Pressure on Financial Statement Fraud with Quality Audit as a moderating variable. The population in this study is all companies in the Primary Consumer Goods sector, which numbered 87. After the normality test, the samples used were 60 companies. Based on the regression test results, three variables have no significance on fraud's financial statement. The auditor quality variable does not moderate the relationship between financial stability, financial targets, and external pressure to financial statement fraud. Although financial stability, financial targets, and external pressure do not directly affect financial statement fraud, companies can prioritize financial risk management by focusing more on other aspects that may significantly impact financial statement fraud.

Assessing the Relationship Between Financial Ratios, Dividend Policy, and Stock Prices in Indonesia’s Pharmaceutical Industry Pudjianto, Veny Christina; Widagdo, Bambang; Kholmi, Masiyah
Business Innovation Management and Entrepreneurship Journal Vol. 3 No. 02 (2024): OCTOBER
Publisher : University of Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/bimantara.v3i02.32003

Pharmaceutical firms' performance has been optimized because of the rise of health conditions such as pediatric kidney failure, Acute Respiratory Infections, and the COVID-19 epidemic in recent years. Changes in pharmaceutical stock prices indicate market responses to the company's performance and policies. Financial reports can be used to evaluate a company's performance by calculating financial ratios like liquidity, profitability, and solvency ratios. This research quantitatively studies the associative type to determine the relationships between variables. The study sample includes 35 pharmaceutical companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022. According to this research, stock prices are not influenced by profitability or liquidity. Solvency and dividend policy influence stock prices. This research also indicates that liquidity, profitability, and solvency do not influence dividend policy. Research indicates that the impact of liquidity, profitability, and solvency on stock prices cannot be mitigated by dividend policy. The company can effectively manage its capital structure and dividend policy in order to build and maintain shareholder trust because it is a consideration for shareholders when investing capital in the company.

The Mediating Role of Job Satisfaction in the Relationship Between Human Resource Management Practices and Turnover Intention Hanifa, Muhammad; Widagdo, Bambang; Rumijati, Aniek
Jurnal Manajemen Bisnis Vol. 15 No. 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.19059

Research aims: This study examines the mediating role of job satisfaction among employees of a Power Generation Company in Indonesia and its relationship with compensation, training, career development, and turnover intention.Design/Methodology/Approach: This research utilized a cross-sectional survey involving 263 respondents representing all employees. The Partial Least Square Structural Equation Model (PLS-SEM) approach was employed to analyze the data, and SmartPLS was used to process multiple independent variables and test quantitative data.Research findings: The research findings indicate that compensation and career development do not have a significant direct effect on turnover intention. However, training and job satisfaction have a significant direct impact on turnover intention. The indirect relationship reveals that career development, through the mediating variable of job satisfaction, has no significant relationship with turnover intention. However, compensation and training, through the mediating variable of job satisfaction, have a significant relationship with turnover intention.Theoretical Contribution/Originality: The current study aims to expand on the existing literature by examining job satisfaction as a mediating variable between HRM practices (compensation, training, and career development) and employees' intention to leave (turnover intention).Practitioners/Policy Implications: Companies must provide satisfactory employee job satisfaction, as job satisfaction is a key mediating factor in the relationship between compensation and training that can influence turnover intention.Research Limitations/Implications: The practical implications of this study suggest that companies should strive to retain their employees by ensuring their well-being. The research findings indicate that providing employees with more training and certifications may increase their likelihood to seek opportunities at other companies. This outcome aligns with the human capital theory, as the knowledge, competence, and skills acquired by employees become inherent qualities associated with the employees themselves.

Impact of interest rates & capital adequacy on stock returns: profitability's role Ivansyah, Dimas Fernanda; Widagdo, Bambang; Sa’diyah, Chalimatuz; Fitriasari, Fika
Journal of Multiperspectives on Accounting Literature Vol. 3 No. 1 (2025): Journal of Multiperspectives on Accounting Literature
Publisher : Universitas Muhammadiyah Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jameela.v3i1.37921

Purpose: This research delves into the factors that determine stock returns within the banking sector listed on the IDX. The primary focus is on assessing the impact of interest rates and capital adequacy ratios, with a consideration of profitability ratios as mediating variables in the resolution Methodology/approach: Quantitative methods were employed for this research, utilizing secondary data derived from the financial reports of each company. Data collection involved the scrutiny of documentation from the annual reports of 14 banks spanning the period from 2018 to 2022, employing a purposive sampling technique. Structural Equation Modeling (SEM) operated through the PLS program was employed for data analysis Findings: The findings indicate that interest rates, capital adequacy ratios, and profitability do not exert any significant influence on stock returns within the banking sector. However, both interest rates and capital adequacy ratios significantly affect profitability. Moreover, profitability does not play a significant mediating role in the relationship between interest rates and capital adequacy ratios concerning stock returns Practical implications: In conclusion, the study suggests that stakeholders should be cautious in overemphasizing traditional financial ratios, and explore broader strategies and variables when analyzing bank stock performance and setting policies Originality/value: This study offers valuable insights into the factors shaping stock returns within the banking sector.

CORPORATE PERSPECTIVES ON GREEN FINANCE AND ITS INFLUENCE ON FIRM VALUE AND INVESTMENT STRATEGIES IN INDONESIA Barry, Boubacar Demba; Nurjannah, Dewi; Widagdo, Bambang
Journal of Applied Finance and Accounting Vol. 12 No. 2 (2025): Publish on December 2025
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v12i2.13934

This study examines the corporate perspectives on green finance instruments and their impact on firm value and investment strategies among publicly listed companies in Indonesia. While global research on the sustainable finance is extensive, evidence from the emerging economies, particularly using the qualitative approaches, remains limited. Guided by the Resource-Based View (RBV), Signalling Theory, and Stakeholder Theory, the study investigates how corporations frame, justify, and communicate their engagement with green bonds, sukuk, and ESG-linked initiatives. Using a qualitative document analysis approach, data from corporate sustainability reports, annual filings, and regulatory disclosures from 50 companies across multiple sectors between 2021 and 2023 were analysed. The thematic content analysis was applied to identify the patterns in the disclosure narratives and the strategic framing. The findings reveal that green finance instruments serve not only as capital-raising tools but also as strategic resources that improve competitiveness, as market signals that reduce information asymmetry, and as legitimacy mechanisms that reinforce stakeholder trust. The study contributes theoretically by integrating multiple theoretical lenses on green finance adoption and practically by providing suggested ways for regulators, corporate leaders, and investors to enhance disclosure credibility and align ESG strategies with long-term value creation. These insights suggest that robust green finance engagement can become a strategic driver of corporate resilience and stakeholder trust in emerging markets.

The Mediating Role of Job Satisfaction in the Relationship Between Human Resource Management Practices and Turnover Intention Hanifa, Muhammad; Widagdo, Bambang; Rumijati, Aniek
Jurnal Manajemen Bisnis Vol. 15 No. 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.19059

Research aims: This study examines the mediating role of job satisfaction among employees of a Power Generation Company in Indonesia and its relationship with compensation, training, career development, and turnover intention.Design/Methodology/Approach: This research utilized a cross-sectional survey involving 263 respondents representing all employees. The Partial Least Square Structural Equation Model (PLS-SEM) approach was employed to analyze the data, and SmartPLS was used to process multiple independent variables and test quantitative data.Research findings: The research findings indicate that compensation and career development do not have a significant direct effect on turnover intention. However, training and job satisfaction have a significant direct impact on turnover intention. The indirect relationship reveals that career development, through the mediating variable of job satisfaction, has no significant relationship with turnover intention. However, compensation and training, through the mediating variable of job satisfaction, have a significant relationship with turnover intention.Theoretical Contribution/Originality: The current study aims to expand on the existing literature by examining job satisfaction as a mediating variable between HRM practices (compensation, training, and career development) and employees' intention to leave (turnover intention).Practitioners/Policy Implications: Companies must provide satisfactory employee job satisfaction, as job satisfaction is a key mediating factor in the relationship between compensation and training that can influence turnover intention.Research Limitations/Implications: The practical implications of this study suggest that companies should strive to retain their employees by ensuring their well-being. The research findings indicate that providing employees with more training and certifications may increase their likelihood to seek opportunities at other companies. This outcome aligns with the human capital theory, as the knowledge, competence, and skills acquired by employees become inherent qualities associated with the employees themselves.

The Effect of Profitability Collateralizable Assets and Growth in Net Assets to Dividend Policy (Case Studies on Manufacturing Companies Listed in Indonesia Stock Exchange for The 2018-2022 Period) Nurhadi, Ahmad; Widagdo, Bambang; Retna Rahadjeng, Erna; Sanjayawati, Hilda
Manajemen Bisnis Vol. 14 No. 02 (2024): October
Publisher : Universitas muhammadiyah malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/mb.v14i02.41994

This research aims to anlyze and obtain empirical evidence about the effect of profitability, collateralizable assets, and growth in net assets to dividend policy. Dependent variable was used Dividend Policy. Independet variable were used profitability, collateralizable assets, and growth in net assets. This research population was manufacturing companies listed in Indonesia Stock Exchange in period 2018-2022. Sample was collected by purposive sampling method. Total 35 manufacturing companies were taken as study’s sample. By collecting secondary data in the form of financial reports that are accessed through www.idx.co.id. Hypothesis testing used multiple linier regression analysis with SPSS 23 program and a significant level of 0,05 (5%). The results of this research showed that collateralizable assets did not significantly effect to dividend policy. As for profitability has positive significantly effect to dividend policy, and growth in net assets has negative significantly effect to dividend policy. The determination coefficient result showed 58,1%. That’s about 58,1% indicated the ability of the independent variables explained the dependent variable while 41,9% explained by the other variables.

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