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Does the Market Respond to Management Aggressiveness? Wijaya, Riesanti Edie
AKRUAL: JURNAL AKUNTANSI IN PRESS
Publisher : UNIVERSITAS NEGERI SURABAYA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jaj.v0n0.p%p

This study aims to examine market behavior towards management aggressiveness from the perspective of screening theory. Screening theory assumes that the market has limited information on companies. This study provides empirical evidence about the response of capital markets to management aggressiveness. Over-aggressive management is very dangerous for the company. For this reason, the researcher also examines whether the board of commissioners, foreign institutional ownership, and the presence of auditors are capable of improving market response to management aggressiveness. This study uses 852 companies taken from companies listed on the IDX from 2016 to 2018. This study provides evidence that the market does not respond to management aggressiveness. This means that the screening theory is able to explain that the market does not consider whether management is aggressive or not in making investment decisions. However, the existence of foreign institutional ownership as well as the existence of auditors is something that is considered by the market. The market has responded positively to their existence in suppressing management aggressiveness. Thus, Screening theory proves that the market has limited information about company management. However, they require different information from that provided by management in making strategic decisions.

The unfavorable effect of ceo narcissism: The role of the audit committee: Wijaya, Riesanti Edie; Mansula Kweniati, Coansheline Amathya
The Indonesian Accounting Review Vol. 14 No. 2 (2024): July - December 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/tiar.v14i2.4581

Narcissism is often considered a behavioral disorder that has negative im-pacts, especially for top management. The audit committee, as part of the governance system, plays a major role in suppressing such negative behav-ior. The purpose of this study is to examine the role of the audit committee in suppressing the negative impacts of CEO narcissism. This quantitative research uses secondary data obtained from the websites of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2017 – 2020, consisting of 266 companies. Sampling is conducted using purpos-ive sampling method. The operational variables used in this study are CEO narcissism, audit committee, and tax avoidance. The results of this study show that CEO narcissism has a negative and significant effect on effective tax rate (ETR). In addition, the results of this study also show that the audit committee (AC) is unable to influence management decisions in car-rying out tax avoidance. The agency theory is unable to explain how the audit committee positions itself in narrowing asymmetry of information between agents and principals. On the other hand, institutional theory can explain the inability of the audit committee in carrying out its monitoring function. According to institutional theory, the existence of an audit committee in the company is merely a formality.

Kemampuan CEO Narcissism dalam Hubungan Manajemen Laba dan Nilai Perusahan (The Ability of CEO Narcissism in the Relationship between Earnings Management and Firm Value) Sugianto, Tri Wahyuni Rukmana; Wijaya, Riesanti Edie
Akutansi Bisnis & Manajemen ( ABM ) Vol 31 No 2 (2024): Oktober
Publisher : STIE Malangkucecwara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35606/jabm.v31i2.1444

Top management narcissism is often perceived as a bad thing that has the potential to worsen the condition of the company. This study aims to explain how CEO narcissism affects the relationship between EM and firm value. We used a sample of 152 financial statements of the listed companies on the Indonesia Stock Exchange between 2016 and 2020. We used multiple linear tests to analyze the data. The study describe that EM and CEO narcissism can individually increase firm value. Meanwhile, when narcissism is used as moderation, it weakens firm value. This suggests that EM and CEO narcissism both have great power to improve corporate image with an increase in FV. However, the moderation of CEO narcissism decreases firm value. This study provides a new discourse that CEO narcissism is also a strong signal that investors consider in conducting their economic activities, rather than when it plays a moderating role.

From likes to loyalty: a netnographic study on trust-building in influencer-audience interactions on social media Fabeil, Noor Fzlinda; Usman, Zaiton; Wijaya, Riesanti Edie; Mauliyah, Nur Ika; Harkaneri; Siddiqui, Bushra
Global Advances in Business Studies Vol. 4 No. 1 (2025): Global Advances in Business Studies (GABS)
Publisher : Ifma Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55584/Gabs.004.01.2

This study explores the key themes of trust-building in influencer-audience interactions on social media using a netnographic study. Living netnography explores trust-building, not just based on the actual posting in the social media, but through spiritual paradigm, that might construct the reality and values of trust. The analysis draws on three weeks of observational data from Instagram, YouTube, Twitter, and TikTok, focusing on three influencers from different cultural and regional backgrounds. By lurking at the audiences’ comments and emojis on the influencer’s posting, this study provides five clusters of trust-building based on relevant codes emerged from the data. The findings suggest authenticity, emotional engagement, responsiveness, economic inclusivity and religiosity have explained the meaning of trust. By integrating theoretical and practical insights, the study provides a schematic framework for fostering trust in influencer marketing, highlighting the importance of cultural values in digital environment from the non-Western context perspective.

The unfavorable effect of ceo narcissism: The role of the audit committee: Wijaya, Riesanti Edie; Mansula Kweniati, Coansheline Amathya
The Indonesian Accounting Review Vol. 14 No. 2 (2024): July - December 2024
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/tiar.v14i2.4581

Narcissism is often considered a behavioral disorder that has negative im-pacts, especially for top management. The audit committee, as part of the governance system, plays a major role in suppressing such negative behav-ior. The purpose of this study is to examine the role of the audit committee in suppressing the negative impacts of CEO narcissism. This quantitative research uses secondary data obtained from the websites of manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2017 – 2020, consisting of 266 companies. Sampling is conducted using purpos-ive sampling method. The operational variables used in this study are CEO narcissism, audit committee, and tax avoidance. The results of this study show that CEO narcissism has a negative and significant effect on effective tax rate (ETR). In addition, the results of this study also show that the audit committee (AC) is unable to influence management decisions in car-rying out tax avoidance. The agency theory is unable to explain how the audit committee positions itself in narrowing asymmetry of information between agents and principals. On the other hand, institutional theory can explain the inability of the audit committee in carrying out its monitoring function. According to institutional theory, the existence of an audit committee in the company is merely a formality.

PENDAMPINGAN PELAPORAN KEUANGAN SEDERHANA DAN E-COMMERCE BAGI UMKM TEGAR MANDIRI SURABAYA Purnomo, Hanny; Sugiarti, Yenny; Feliana, Yie Ke; Wijaya, Riesanti Edie
Reswara: Jurnal Pengabdian Kepada Masyarakat Vol 4, No 2 (2023)
Publisher : Universitas Dharmawangsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46576/rjpkm.v4i2.2857

Salah satu kegiatan bisnis yang dapat dilakukan oleh semua lapisan masyarakat yaitu membuka usaha Mikro, Kecil dan Menengah (UMKM). UMKM merupakan jenis usaha yang dapat menjadi salah satu pilihan yang dapat digunakan oleh Pemerintah untuk mengatasi masalah ekonomi di lapisan masyarakat. Selain itu UMKM dapat mengatasi dari pengangguran karena dapat menyerap tenaga kerja di Indonesia. UMKM Tegar Mandiri yang bergerak di bidang produksi makanan dan minuman. Mitra memiliki beberapa varian produk diantaranya adalah tempe dan mendoan, bumbu pecel, dan berbagai minuman ringan seperti sari kedelai, sinom, dan jus buah. Produk ini masih dipasarkan secara tradisional melalui konsinyasi insta retail modern Indomaret, serta UMKM juga belum memiliki pencatatan yang memadai terkait transaksi keuangannya. Hasil pendampingan menujukkan mitra mampu mengimplementasikan pelaporan keuangan sederhana serta mampu menggunakan E-Commerce sebagai media untuk memasarkan produknya dan memperluas jangkauan pemasaran

Easy and visible: accountability of the Gontor modern islamic boarding school Wijaya, Riesanti Edie
Manajemen dan Bisnis Vol 25, No 1 (2026): March 2026 - Online First
Publisher : Department of Management - Faculty of Business and Economics. Universitas Surabaya.

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24123/mabis.v25i1.1019

Accountability is essential for all organizations, including faith-based organizations (FBOs). Stakeholders require accountability information to assess how management operates the organization. Since organizational accountability is shaped by culture and local wisdom, its form varies significantly across communities. This study explores accountability concepts within the financial management framework of Gontor Modern Islamic Boarding School (GMIBS). Adopting an interpretive paradigm, researchers conducted in-depth interviews with key informants—financial report preparers with comprehensive understanding of institutional financial reporting. Two additional informants obtained through snowball sampling enabled data triangulation. Thematic analysis was employed to analyze the collected data. The findings reveal a unique accountability concept tailored to GMIBS's conditions and culture, built upon four principles: transparency, easy data access, openness, and globalization. These principles underlie financial reporting in two categories: vertical and downward accountability. Vertical accountability focuses on the Waqf Council; given members' relatively older age, reports are simplified for easier comprehension without requiring advanced software. Downward accountability addresses other stakeholders' needs, allowing them to directly observe and assess property improvements through their senses. This study demonstrates that accountability is socially constructed, and the unique accountability practices in GMIBS contribute to the literature on accountability in faith-based organizations.

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