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PENGARUH LEVERAGE, OPERATING CAPACITY DAN LIKUIDITAS TERHADAP FINANCIAL DISTRESS DENGAN PROFITABILITAS SEBAGAI VARIABEL MODERASI Jundan Mahasin, Muhammad Daffa; Wibowo, Hardiyanto; Setyadi, Edi Joko; Dirgantari, Novi
Jurnal Ilmiah Manajemen, Ekonomi, & Akuntansi (MEA) Vol 9 No 1 (2025): Edisi Januari - April 2025
Publisher : LPPM STIE Muhammadiah Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31955/mea.v9i1.5068

Financial distress adalah kondisi di mana perusahaan menghadapi kesulitan keuangan sebelum mengalami kebangkrutan. kondisi ini dapat dianalisis melalui laporan keuangan perusahaan dengan menggunakan indikator seperti leverage,operating capacity, dan likuiditas. Penelitian ini bertujuan menganalisis pengaruh leverage, operating capacity, dan likuiditas terhadap financial distress yang dimoderasi oleh profitabilitas pada perusahaan sektor infrastruktur yang terdaftar di Bursa Efek Indonesia (BEI). Periode waktu penelitian yang diambil adalah 3 tahun yaitu 2021 – 2023. Sampel sebanyak 68 data laporan keuangan dipilih menggunakan teknik purposive sampling. Data dianalisis menggunakan Analisis Regresi Berganda dan Moderated Regression Analysis (MRA) dengan software SPSS 26. Hasil penelitian ini menunjukkan jika leverage berpengaruh negatif terhadap financal distress (p < 0,05), sementara operating capacity dan likuiditas berpengaruh positif. Profitabilitas tidak dapat memoderasi hubungan variabel indpenden terhadap financial distress. Hasil ini diharapkan menjadi panduan manajemen dalam mencegah financial distress di perusahaan.

Faktor Determinan Financial Statement Fraud: Pengujian Kualitas Audit sebagai Pemoderasi Tiastuti, Sindi; Wahyuni, Sri; Fitriati, Azmi; Wibowo, Hardiyanto
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 1 (2025): January 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i1.858

This study aims to determine the effect of financial target, profitability, audit committee, and institutional ownership on financial statement fraud with audit quality as moderation. This study uses a quantitative approach with secondary data. The population in this study are consumer non-cyclical companies listed on the Indonesia Stock Exchange during 2022-2023. The sample selection used a purposive sampling method and obtained 104 data samples. The analysis technique used in this study is multiple regression analysis with moderated regression analysis (MRA) by SPSS version 26 program. The results showed that financial target has a positive effect on financial statement fraud, profitability has a negative effect on financial statement fraud, audit committee and institutional ownership have no effect on financial statement fraud, audit quality is proven can moderate by strengthening the effect of financial target on financial statement fraud, audit quality is not proven can moderate the effect of profitability, audit committee, and institutional ownershipon financial statement fraud.

Pengaruh E-Simbada, E-Budgeting, dan E-Planning Terhadap Sistem Akuntabilitas Kinerja Instansi Pemerintah Daerah di Wilayah Provinsi Jawa Tengah Tahun 2021-2023 'Azizah, Annisa Cahya; Dirgantari, Novi; Winarni, Dwi; Setyadi, Edi Joko; Wibowo, Hardiyanto
Paradoks : Jurnal Ilmu Ekonomi Vol. 9 No. 1 (2026): November - Januari
Publisher : Fakultas Ekonomi, Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/paradoks.v9i1.2166

Penelitian ini bertujuan untuk mengetahui pengaruh dari e-Simbada, e-Budgeting, dan e-Planning terhadap Sistem Akuntabilitas Kinerja Instansi Pemerintah (SAKIP) pada pemerintah daerah. Populasi penelitian mencakup seluruh pemerintah kabupaten dan kota di Jawa Tengah. Teknik seleksi sampel menggunakan purposive sampling dengan kriteria ketersediaan data e-Government dan nilai SAKIP selama periode 2021-2023, dan diperoleh 93 observasi dari 27 kabupaten dan 4 kota. Metode analisis menggunakan analisis regresi linear berganda. Hasil penelitian ini menunjukkan bahwa e-Simbada berpengaruh negatif terhadap SAKIP, sedangkan e-Budgeting dan e-Planning memiliki pengaruh positif terhadap SAKIP. Implikasi penelitian ini menekankan keberhasilan digitalisasi pemerintahan tidak cukup hanya dengan penerapan sistem e-Government, tetapi harus disertai dengan integrasi sistem, kesiapan sumber daya manusia dan kapasitas aparatur, serta pemanfaatan data secara strategis untuk mendukung akuntabilitas kinerja. Temuan ini memberikan rujukan kebijakan bagi pemerintah daerah untuk memfokuskan digitalisasi pada sistem yang terintegrasi dan berorientasi kinerja guna memperkuat kualitas SAKIP. Penelitian selanjutnya disarankan untuk memasukkan variabel lain seperti kualitas sumber daya manusia, integrasi sistem informasi pemerintah daerah, atau faktor eksternal lainnya guna memperoleh pemahaman yang lebih komprehensif mengenai faktor-faktor yang memengaruhi kualitas SAKIP.

Faktor Determinan Financial Statement Fraud: Pengujian Kualitas Audit sebagai Pemoderasi Tiastuti, Sindi; Wahyuni, Sri; Fitriati, Azmi; Wibowo, Hardiyanto
TRANSEKONOMIKA: AKUNTANSI, BISNIS DAN KEUANGAN Vol. 5 No. 1 (2025): January 2025
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/transekonomika.v5i1.858

This study aims to determine the effect of financial target, profitability, audit committee, and institutional ownership on financial statement fraud with audit quality as moderation. This study uses a quantitative approach with secondary data. The population in this study are consumer non-cyclical companies listed on the Indonesia Stock Exchange during 2022-2023. The sample selection used a purposive sampling method and obtained 104 data samples. The analysis technique used in this study is multiple regression analysis with moderated regression analysis (MRA) by SPSS version 26 program. The results showed that financial target has a positive effect on financial statement fraud, profitability has a negative effect on financial statement fraud, audit committee and institutional ownership have no effect on financial statement fraud, audit quality is proven can moderate by strengthening the effect of financial target on financial statement fraud, audit quality is not proven can moderate the effect of profitability, audit committee, and institutional ownershipon financial statement fraud.

Determinasi Perilaku Kerja Inovatif Karyawan: Peran Kepemimpinan Transformasional, Modal Psikologis, dan Berbagi Pengetahuan pada Sektor Perhotelan Suyoto; Bagis, Fatmah; Hukama, Athaya; Wibowo, Hardiyanto
CITACONOMIA : Economic and Business Studies Vol. 5 No. 01 (2026): Januari-Maret
Publisher : CITACONOMIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63922/citaconomia.v5i01.3068

Penelitian ini bertujuan untuk secara empiris menyelidiki sebuah model yang mengeksplorasi pengaruh berbagi pengetahuan, modal psikologis, dan kepemimpinan transformasional terhadap penerapan praktik kerja kreatif. Studi ini melibatkan 162 karyawan dari sektor perhotelan di Cilacap, yang dipilih dari total populasi 255 individu. Pengumpulan data dilakukan melalui survei online menggunakan Google Forms, dan metode Accidental Sampling diterapkan. Data yang dikumpulkan dianalisis menggunakan teknik partial least squares (PLS). Hasil penelitian menunjukkan bahwa berbagi pengetahuan, modal psikologis, dan kepemimpinan transformasional masing-masing memiliki dampak yang signifikan dan positif terhadap praktik kerja kreatif karyawan. Untuk menginspirasi, mendorong kolaborasi, dan membangun kepercayaan, manajemen harus mendorong gaya kepemimpinan transformasional. Modal psikologis karyawan, termasuk ketahanan, optimisme, harapan, dan kepercayaan diri, juga harus diperkuat. Jika kegiatan berbagi informasi dilakukan lebih berhasil, karyawan cenderung menggunakan metode kerja yang lebih inovatif.

Profitabilitas dalam Hubungan Ukuran Perusahaan dan Leverage terhadap Nilai Perusahaan pada Sub Sektor Food & Beverage Chotimah, Iis Ismatul; Hapsari, Ira; Pramono, Hadi; Wibowo, Hardiyanto
Jurnal Akuntansi dan Keuangan Kontemporer (JAKK) Vol 9, No 1 (2026): Maret 2026
Publisher : Jurnal Akuntansi dan Keuangan Kontemporer (JAKK)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/jakk.v9i1.28083

Tujuan Penelitian: Penelitian ini bertujuan untuk menganalisis pengaruh ukuran perusahaan dan leverage terhadap nilai perusahaan dengan profitabilitas sebagai variabel moderasi pada subsektor food beverage di Indonesia periode 2021–2024.Metode Penelitian: Penelitian menggunakan panel data 326 observasi perusahaan yang dianalisis dengan Fixed Effect Model (FEM) dan robust standard error untuk mengatasi heteroskedastisitas dan autokorelasi.Originalitas/Novelty: Temuan ini menegaskan bahwa dalam subsektor food beverage pascapandemi, nilai perusahaan lebih dipengaruhi oleh efektivitas pengelolaan utang yang didukung profitabilitas dibandingkan oleh skala aset. Kontribusi penelitian ini terletak pada penyediaan bukti empiris yang menjelaskan ketidakkonsistenan hasil penelitian sebelumnya terkait peran ukuran perusahaan, serta menegaskan profitabilitas sebagai faktor kunci yang menentukan apakah leverage dipersepsikan sebagai sinyal positif atau risiko oleh pasar.Hasil Penelitian: Menunjukkan bahwa ukuran perusahaan tidak berpengaruh signifikan terhadap nilai perusahaan (β = −0,060; p = 0,720), sedangkan leverage berpengaruh positif dan signifikan (β = 0,468; p = 0,001). Analisis moderasi mengungkapkan bahwa profitabilitas tidak memoderasi hubungan ukuran perusahaan dan nilai perusahaan (β = −0,017; p = 0,101), namun secara signifikan memperkuat pengaruh leverage terhadap nilai perusahaan (β = 0,029; p = 0,006).Implikasi: Manajemen perusahaan subsektor food beverage perlu berhati-hati dalam mengandalkan skala aset, karena ukuran besar tidak otomatis meningkatkan nilai pasar. Leverage dapat menjadi pendorong nilai perusahaan apabila disertai profitabilitas tinggi. Bagi investor, kombinasi antara tingkat utang dan profitabilitas menjadi sinyal penting dalam menilai prospek perusahaan. Research Objectives: This study aims to analyze the effect of firm size and leverage on firm value with profitability as a moderation variable in the food beverage subsector in Indonesia for the 2021-2024 period.Research Method: The study used a data panel of 326 company observations analyzed with Fixed Effect Model (FEM) and robust standard error to overcome heteroscedasticity and autocorrelation.Originality/Novelty: These findings confirm that in the post-pandemic food beverage subsector, the value of companies is more influenced by the effectiveness of profitability-supported debt management than by the scale of assets. The contribution of this research lies in the provision of empirical evidence explaining the inconsistencies of previous research results regarding the role of firm size, as well as affirming profitability as a key factor in determining whether leverage is perceived as a positive signal or risk by the market.Research Results: It shows that the size of the company has no significant effect on the company's value (β = −0.060; p = 0.720), while leverage has a positive and significant effect (β = 0.468; p = 0.001). The moderation analysis revealed that profitability did not moderate the relationship between firm size and firm value (β = −0.017; p = 0.101), but significantly strengthened the influence of leverage on firm value (β = 0.029; p = 0.006).Implications: The management of companies in the food beverage subsector needs to be careful in relying on the scale of assets, because large size does not automatically increase market value. Leverage can be a driver of firm value if it is accompanied by high profitability. For investors, the combination of debt levels and profitability is an important signal in assessing a firm's prospects.

Analisis Faktor-Faktor yang Mempengaruhi Kompetensi Aparat Desa Kecamatan Rawalo Purwaningsih, Mila; Wibowo, Hardiyanto; Hariyanto, Eko; Joko Setyadi, Edi
Jurnal Akuntansi dan Keuangan Kontemporer (JAKK) Vol 9, No 1 (2026): Maret 2026
Publisher : Jurnal Akuntansi dan Keuangan Kontemporer (JAKK)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30596/jakk.v9i1.27994

Tujuan Penelitian: Penelitian ini bertujuan untuk menganalisis pengaruh kompetensi aparat desa, sistem pengendalian internal, sistem informasi akuntansi, dan transparansi terhadap akuntabilitas pengelolaan dana desa di Kecamatan Rawalo, Kabupaten Banyumas.Metode Penelitian: Penelitian menggunakan pendekatan kuantitatif dengan metode sensus, dimana seluruh populasi yang berjumlah 36 aparat desa yang terlibat langsung dalam pengelolaan dana desa dijadikan sebagai sampel. Data dikumpulkan melalui kuesioner dengan skala Likert dan dianalisis menggunakan Partial Least Square (PLS) melalui perangkat lunak SmartPLS 3.0. Pengujian dilakukan melalui outer model dan inner model.Originalitas/Novelty: Kebaruan penelitian ini terletak pada pengujian simultan kompetensi aparat desa, sistem pengendalian internal, sistem informasi akuntansi, dan transparansi dalam konteks pengelolaan dana desa pada tingkat kecamatan.Hasil Penelitian: Hasil penelitian menunjukkan bahwa kompetensi aparat desa tidak berpengaruh positif terhadap akuntabilitas pengelolaan dana desa, sedangkan sistem pengendalian internal, sistem informasi akuntansi, dan transparansi berpengaruh positif terhadap akuntabilitas.Implikasi: Temuan ini memberikan implikasi praktis bagi pemerintah desa dalam meningkatkan akuntabilitas melalui penguatan sistem dan transparansi pengelolaan keuangan desa. Research Objective: This study aims to analyze the effect of village apparatus competence, internal control systems, accounting information systems, and transparency on the accountability of village fund management in Rawalo District, Banyumas Regency.Research Method: The study employs a quantitative approach using a census method, involving all 36 village officials directly engaged in village fund management as respondents. Data were collected through questionnaires using a Likert scale and analyzed using Partial Least Squares (PLS) with SmartPLS 3.0 software. The analysis consisted of outer model and inner model testing.Originality/Novelty: The novelty of this study lies in the simultaneous examination of competence, internal control systems, accounting information systems, and transparency in village fund management accountability at the sub-district level.Research Findings: The results indicate that village apparatus competence does not have a positive effect on accountability, while internal control systems, accounting information systems, and transparency positively affect the accountability of village fund management.Implications: These findings provide practical implications for village governments to enhance accountability through strengthening internal systems and transparency in financial management.

The Effect of Company Size, Leverage, and Audit Quality on Earnings Management: Managerial Ownership as a Moderating Variable Lisgianti, Ayu; Setyadi, Edi Joko; Hariyanto, Eko; Wibowo, Hardiyanto
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 2 (2026): MARCH
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i2.2122

Earnings management remains a persistent issue in financial reporting, particularly in capital-intensive sectors such as the mining industry. Various firm characteristics and governance mechanisms are often examined to understand their role in influencing managerial incentives to manipulate earnings. This study investigates the effect of firm size, leverage, and audit quality on earnings management, with managerial ownership included as a moderating variable. This investigation utilizes secondary data extracted from the audited annual reports of mining enterprises listed on the Indonesia Stock Exchange (IDX) across the 2020–2024 observation window. The proposed hypotheses are evaluated through panel data estimation employing a Moderated Regression Analysis (MRA) specification. The empirical results demonstrate that leverage bears a statistically significant inverse relationship with earnings management, implying that greater debt exposure may curtail managerial latitude in financial reporting due to intensified scrutiny from creditors. In contrast, neither firm size nor audit quality exhibits a statistically discernible association with earnings management practices. Moreover, managerial ownership does not condition or moderate the relationships between firm size, leverage, audit quality, and earnings management. These findings underscore the salience of external disciplinary mechanisms, particularly creditor oversight, in constraining opportunistic reporting behavior, whereas managerial ownership appears to possess limited governance potency, largely attributable to its relatively marginal proportion within mining firms. Collectively, the study augments the extant literature by furnishing empirical insight into the effectiveness of governance mechanisms in mitigating earnings manipulation within Indonesia’s resource-based industrial sector.

The Effect of Leverage, Institutional Ownership, and Gender Diversity on the Financial Performance of Manufacturing Companies in Indonesia 2022-2024 Period Pradana, Faiz Kanz; Wibowo, Hardiyanto; Fakhruddin, Iwan; Pandansari, Tiara
JOURNAL OF MANAGEMENT, ACCOUNTING, GENERAL FINANCE AND INTERNATIONAL ECONOMIC ISSUES Vol. 5 No. 2 (2026): MARCH
Publisher : Transpublika Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55047/marginal.v5i2.2133

Financial performance constitutes a fundamental metric for appraising a firm’s value-generation capabilities and operational sustainability, while simultaneously functioning as a key informational signal for investor assessments of corporate prospects. Internal organizational factors namely leverage, institutional ownership, and board gender diversity are hypothesized to exert influence over this performance. To evaluate these propositions, an associative quantitative methodology utilizing secondary data is applied to manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2022 to 2024. Through purposive sampling, 90 observations are selected and subjected to multiple linear regression analysis. The resulting findings indicate that, against some expectations, leverage and institutional ownership do not have a significant impact on financial performance within the examined manufacturing firms. By contrast, gender diversity shows a positive and significant effect. These findings provide important implications for company management and stakeholders in designing more inclusive governance strategies, particularly by encouraging increased gender diversity in leadership structures. In addition, the results of this study can serve as a basis for consideration by investors in assessing company performance, as well as for regulators in formulating policies that support sustainable corporate governance practices oriented toward performance improvement.

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