Article Per Year (5 Year)
p-Index From 2021 - 2026
10.436
P-Index
This Author published in this journals
All Journal Jurnal Keuangan dan Perbankan Journal of Applied Finance & Accounting JURNAL ILMIAH MANAJEMEN & BISNIS TEMA (Jurnal Tera Ilmu Akuntansi) Journal of Accounting and Investment Jurnal Akuntansi dan Perpajakan Jurnal Kajian Akuntansi Jurnal Ekonika : Jurnal Ekonomi Universitas Kadiri Jurnal Riset Akuntansi dan Keuangan Jurnal SOLMA Ekuilibrium : Jurnal Ilmiah Bidang Ilmu Ekonomi JURNAL AKUNTANSI DAN MANAJEMEN MUTIARA MADANI JAE (Jurnal Akuntansi dan Ekonomi) JMD: Jurnal Riset Manajemen & Bisnis Dewantara Jurnal Ilmiah Akuntansi Manajemen Jurnal Proaksi Al-Kharaj: Journal of Islamic Economic and Business Jurnal Ekuivalensi International Journal of Economics Development Research (IJEDR) JMK Jurnal Manajemen dan Kewirausahaan Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Jurnal Akuntansi dan Governance JCA (Jurnal Cendekia Akuntansi) Share: Jurnal Ekonomi dan Keuangan Islam Jurnal Akuntansi dan Keuangan JAKA (Jurnal Akuntansi, Keuangan dan Auditing) ASERSI : Jurnal Akuntansi Terapan dan Bisnis Jurnal Pengabdian kepada Masyarakat (Ngabdimas) Jurnal Mutiara Ilmu Akuntansi Maeswara: Jurnal Riset Ilmu Manajemen dan Kewirausahaan Riset Ilmu Manajemen Bisnis dan Akuntansi Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Jurnal Penelitian Ilmu Ekonomi dan Keuangan Syariah Neraca Manajemen, Akuntansi, dan Ekonomi Riset Akuntansi dan Keuangan Indonesia Jurnal Ekonomi, Akuntansi dan Perpajakan Akuntansi Pajak dan Kebijakan Ekonomi Digital Jurnal Ilmiah Akuntansi JURDIASRA Jurnal Pengabdian Kepada Masyarakat Jurnal Akuntansi Kontemporer Jurnal Pengabdian Masyarakat Bidang Akuntansi, Manajemen & Ekonomi
Marhaendra Kusuma
Universitas Islam Kadiri
Religion Agriculture, Biological Sciences & Forestry Humanities Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences Other

Published : 81 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 81 Documents
Search

 5   6   7   8   9 
Pengaruh Manajemen Laba Terhadap Tax Avoidance Dengan Kualitas Audit Sebagai Variabel Moderasi Adinda Putri Zelicca; Marhaendra Kusuma; Miladiah Kusumaningarti
Jurnal Proaksi Vol. 13 No. 1 (2026): Januari - Maret 2026
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Muhammadiyah Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32534/jpk.v13i1.8295

Abstract

Tujuan Utama -  Menganalisis pengaruh manajemen laba terhadap penghindaran pajak serta peran kualitas audit sebagai variabel moderasi pada perusahaan subsektor teknologi yang terdaftar di Bursa Efek Indonesia (BEI) periode 2021–2024.Metode - Pendekatan kuantitatif dengan metode regresi linier sederhana dan analisis regresi termoderasi (MRA). Data yang digunakan berasal dari laporan keuangan dan laporan tahunan perusahaan, dan jumlah sampel mencapai 100 observasi yang diambil melalui teknik sampling purposiveTemuan Utama - Hasil penelitian menunjukkan bahwa manajemen laba tidak berpengaruh signifikan terhadap penghindaran pajak dan kualitas audit tidak berfungsi sebagai variabel moderasi, dengan kemampuan model yang rendah dalam menjelaskan variasi tax avoidance.Implikasi Teori dan Kebijakan - Temuan ini memperkaya literatur akuntansi sektor teknologi dan menunjukkan perlunya mempertimbangkan faktor lain dalam perumusan kebijakan perpajakan dan pengawasan pelaporan keuangan.Kebaruan Penelitian - Kebaruan penelitian terletak pada fokus subsektor teknologi pascapenerapan IDX-IC dan periode pascapandemi dengan pengujian peran kualitas audit sebagai variabel moderasi.
The Effect of Financial Performance and Sustainability Performance on Stock Prices with Earnings Management as a Moderating Variable in the Coal Sub-Sector of Southeast Asia 2022-2024 Nora Arum Armiyani; Marhaendra Kusuma; Miladiah Kusumaningarti
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 5 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i6.9287

Abstract

This study aims to analyze the effect of financial performance and sustainability performance on stock prices, as well as to examine the moderating role of earnings management in coal sub-sector companies in Southeast Asia. The study uses secondary data obtained from financial statements and sustainability reports of coal companies in Southeast Asia during the 2018–2022 period with a total of 105 observations. The data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with the assistance of SPSS version 26.The results indicate that financial performance has a positive and significant effect on stock prices, while sustainability performance does not have a significant effect. Furthermore, earnings management is proven to moderate the relationship between financial performance and stock prices positively, but it negatively moderates the relationship between sustainability performance and stock prices. This study contributes to the finance and sustainability literature by integrating financial performance, sustainability performance, and earnings management practices into a single research model within the coal sector in Southeast Asia. Previous studies mostly focused on the direct relationship between financial or ESG performance and stock prices, while this study highlights the role of earnings management as both a strengthening and weakening factor in such relationships. This research provides practical implications for investors to consider not only profitability but also governance transparency in order to avoid information distortion caused by earnings management. For regulators, the findings can serve as a basis for strengthening sustainability reporting requirements in coal companies. For corporate management, the study emphasizes the importance of integrating sustainability with sound governance practices to enhance long-term firm value.
Economic Financial and Sustainability Drivers of Firm Value: The Moderating Role of Dividends in Southeast Asia’s Oil, Gas, and Lubricant Sector (2021–2024) Agnes Prety Sinta Yuliana; Marhaendra Kusuma; Miladiah Kusumaningarti
International Journal of Economics Development Research (IJEDR) Vol. 6 No. 6 (2025): International Journal of Economics Development Research (IJEDR)
Publisher : Yayasan Riset dan Pengembangan Intelektual

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/ijedr.v6i6.9461

Abstract

This study examines the economic influence of financial performance and sustainability performance on firm value, with dividends serving as a moderating variable, in oil, gas, and lubricant sub-sector companies across Southeast Asia during the 2021–2024 period. A quantitative causal research design was employed, utilizing secondary data derived from annual and sustainability reports of publicly listed companies in Southeast Asian stock exchanges. The sample comprises 18 companies selected through purposive sampling. The variables analyzed include financial performance (Return on Assets/ROA), sustainability performance (Environmental, Social, and Governance/ESG Score based on the 2021 GRI Standards), firm value (Price to Book Value/PBV), and dividends as a moderating variable. Data were analyzed using Moderated Regression Analysis (MRA) with SPSS version 26. The findings reveal that financial performance initially shows no significant effect on firm value; however, after the inclusion of dividends as a moderating variable, the effect becomes significant and negative. Sustainability performance (ESG Score) demonstrates a positive and significant influence on firm value before moderation, but this relationship loses significance once dividends are introduced into the model. Furthermore, dividends do not moderate the relationship between financial performance and firm value, yet they significantly and negatively moderate the relationship between sustainability performance and firm value. This suggests that higher dividend payouts may weaken the positive impact of sustainability performance on firm value, as investors tend to prioritize short-term returns over long-term sustainability benefits. These results imply that companies should carefully align dividend policies with sustainability strategies to sustain long-term firm value and investor confidence.
Pengabdian Kepada Masyarakat Internasional: Guest Lecturer tentang Minority Shareholders dan Sustainability Performance di Universidade Dili Timor Leste Kusuma, Marhaendra
AKSIME : Jurnal Pengabdian Masyarakat Bidang Akuntansi, Manajemen & Ekonomi Vol 3 No 1 (2026): Maret
Publisher : Fakultas Ekonomi Universitas Islam Kadiri (UNISKA) Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/aksime.v3i1.8726

Abstract

Kegiatan pengabdian kepada masyarakat internasional ini bertujuan meningkatkan pemahaman sivitas akademika Universidade Dili, khususnya pada Faculdade Economia Universidade Dili, terkait peran minority shareholders dalam kinerja keberlanjutan korporat. Latar belakang kegiatan ini adalah masih terbatasnya pemahaman dosen dan mahasiswa mengenai bukti empiris hubungan antara ESG dan reaksi pasar di kawasan Asia-Pasifik. Metode kegiatan berupa kuliah tamu internasional dengan penyampaian materi “Minority Shareholders and Sustainability Performance: Evidence Asia-Pacific Market” kepada dosen dan mahasiswa. Kegiatan dilaksanakan secara terjadwal dan difasilitasi oleh pihak fakultas sebagai bagian implementasi kerja sama tridharma perguruan tinggi. Hasil kegiatan menunjukkan peningkatan pemahaman peserta terhadap keterkaitan kinerja ESG, kepentingan non-controlling interest (NCI), serta implikasinya terhadap harga saham. Disimpulkan bahwa ESG berpengaruh positif terhadap harga saham dan diperkuat oleh peran NCI sebagai mekanisme pengawasan yang mendorong transparansi dan akuntabilitas. Temuan ini relevan dengan teori sinyal, legitimasi, dan stakeholder. Kegiatan ini memberikan kontribusi dalam penguatan literasi akademik internasional serta mendorong integrasi perspektif keberlanjutan dalam pengambilan keputusan investasi.
Tax Avoidance Berbasis Laba Operasi Dan Total Laba Comprehensive: Bukti Dari Asia Tenggara Sari, Hanifah Puspita; Kusuma, Marhaendra
JCA (Jurnal Cendekia Akuntansi) Vol 7 No 1 (2026): Juni
Publisher : Fakultas Ekonomi Prodi Akuntansi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32503/akuntansi.v7i1.8719

Abstract

This study aims to investigate the effect of dividend payment pressure and corporate governance on tax avoidance in publicly listed companies in Southeast Asia. The data were collected from the financial statements of 3,835 companies listed in Southeast Asia during 2019–2025, including the Philippines (PSE), Singapore (SGX), Thailand (SET), Indonesia (IDX), and Malaysia (MYX), sourced from the Bloomberg Database. After excluding loss-making companies and those that did not regularly publish financial statements, the final sample consisted of 1,392 firm-years. Data were analyzed using multiple linear regression. Drawing on agency theory, the fraud triangle theory, and signaling theory, the study finds that dividend payment pressure increases tax avoidance, while strong corporate governance constrains it, with results remaining consistent in robustness tests and 2SLS endogeneity checks. The originality of this research lies in the measurement of tax avoidance, which is modified using effective tax rates based on operating income (ETR-OI) and comprehensive income (ETR-CI). This study provides a more precise measurement of tax avoidance and offers new empirical evidence from Southeast Asian companies. Keywords: Effective Tax Rate, Operating Income, Comprehensive Income, Tax Avoidance, Southeast Asia
PELATIHAN TEKNIK ANALISA DATA UNTUK RISET KEUANGAN TERAPANBAGI MAHASISWA D-IV KEUANGAN POLITEKNIK NEGERI MALANG Marhaendra Kusuma
JURNAL PENGABDIAN KEPADA MASYARAKAT Vol. 6 No. 1 (2025): Jurnal Pengabdian kepada Masyarakat
Publisher : LPPM Universitas Kahuripan Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51158/6w229c66

Abstract

Jenjang pendidikan terapan memiliki karakteristik yang berbeda dengan akademik, termasuk dalam risetnya. Maka diperlukan pelatihan khusus yang membekali mahasiswa Diploma 4 Keuangan Politeknik Negeri Malang Kampus Kota Kediri tentang teknik analisis data yang diterapkan dalam riset keuangan terapan. Tujuan penyelenggaraan workshop ini adalah melatih mahasiswa D4 Keuangan menggunakan aplikasi komputer olah data statistik untuk mengolah data tugas akhir yang sesuai dengan topik riset keuangan terapan. Metode pelatihan adalah ceramah diikuti praktek langsung selama dua hari masing-masing empat jam. Implikasi kegiatan ini sebanyak 78 mahasiswa mampu memahami karakteristik penelitian dengan permasalahan yang sesuai dengan jenis prodi D4 Keuangan, mampu memahami pemilihan teknik analisis data yang tepat sesuai hipotesis yang diusulkan, dan mampu menggunakan aplikasi komputer untuk mengolah data tugas akhir.
KONSTRIBUSI INFORMASI AKUNTANSI BIAYA DALAM MENINGKATKANNILAI PERUSAHAAN DAN TANGGUNG JAWAB KEPADA STAKEHOLDER PADA PERUSAHAAN MANUFAKTUR SEMEN DI INDONESIA Marhaendra Kusuma
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 12 No 2 (2017)
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v12i2.2017.pp102 - 118

Abstract

The purpose of this study is to determine the effect of cost accounting information on the improvement of corporate value and responsibility to stakeholders, at cement industry companies listed in Indonesia Stock Exchange (BEI) period 2010-2015. Data analysis techniques using simple linear regression analysis product correlation moment for causality test and comparative analysis k one way anova independent sample for comparative test, with 5% significance level. The results showed that the cost accounting information, which is realized in the calculation of cost of goods manufactured, has a significant effect on the increase of company value. Increased corporate value significantly influences the company's ability to fulfill its responsibilities to stakeholders, such as paying dividends to shareholders, borrowing interest expense to creditors, hiring employees and paying taxes to the government. This study also concludes that there are differences of firm size, dividend payout, tax burden, interest expense on cement company go public in Indonesia, while the salary load is not significant difference.
Measurement of Return on Asset (ROA) based on Comprehensive Income and its Ability to Predict Investment Returns: an Empirical Evidence on Go Public Companies in Indonesia before and during the Covid-19 Pandemic Marhaendra Kusuma
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 16 No 1 (2021): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v16i1.2021.pp94-106

Abstract

Purpose - The concept of recognizing all inclusive income, which is used by IFRS and Indonesian SAK, is the basis for presenting other comprehensive income in the income statement. This change in format became the idea of developing a financial performance measurement.Methodology - Testing the effect of attributable comprehensive income ROA and attributable ROA net income on future cash flows and net income, as a proxy for the ability to provide future returns, and applying them in measuring performance before and during the Covid-19 pandemic.Findings - ROA net income is better able to predict future investment returns. ROA comprehensive income has more relevance value, when only other items of comprehensive income that have the potential to be realized are included. In assessing performance, users are advised to keep using the ROA of the net income version, and when using the ROA of the comprehensive income version, it is advisable to include only OCI which will be reclassified. The financial performance of companies in many industrial sectors experienced a decline during the Covid 19 pandemic using two ROA measures.Novelty - Development of ROA formulation by including other comprehensive income and profit attribution, so far ROA is only based on net income.
The Effect of Marketing Activities on Profitability with Others Comprehensive Income as Moderation: Evidence from Southeast Asia Ririn Andriana; Marhaendra Kusuma; Che Manisah Mohd Kasim; Carlos Afonso Barreto
EKUILIBRIUM : JURNAL ILMIAH BIDANG ILMU EKONOMI Vol 20 No 1 (2025): March
Publisher : Universitas Muhammadiyah Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24269/ekuilibrium.v20i1.2025.pp143-160

Abstract

This research aims to know moderated of others comprehensive income in link of marketing activities on the profitability of financial sector firm in the Southeast Asia region. Research on profitability determination has been widely conducted, but testing the moderating role of Others Comprehensive Income (OCI) in link marketing activities on financial profitability in financial sector companies has not been widely conducted. This is important because financial sector companies have large financial assets. The source of funding comes from funding funds that are inseparable from marketing activities. Ownership of large financial assets has an impact of other comprehensive income (OCI), especially the type of unrealized earnings from adjustment assets include financial types that are ready to be realized (AFS). Observation data of 612 from the financial statements of a sample of 153 financial sector companies in 2020 - 2023 in five Southeast Asian countries, namely Indonesia, Thailand, Malaysia, Singapore, and the Philippines. Data analysis using Moderated Regression Analysis and showing the results that the existence of OCI in financial sector companies is proven to strengthen the positive impact activities of marketing to ROA or profitability. The originality of this study is to test OCI’s moderated in link marketing activities on profitability. Large OCI AFS ownership in financial sector companies is important information for investors regarding future profitability, because AFS will be realized in the future, and its realization will certainly affect net income.
The Effect of Carbon Tax On Carbon Emission Disclosure with Environmental Performance as a Mediating Variable in Energy Sector Companies Listed on the Indonesia Stock Exchange Alifiya Latifaturrohmah; Miladiah Kusumaningarti; Marhaendra Kusuma
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 3 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i3.12349

Abstract

This research aims to examine how carbon taxes affect Carbon Emission Disclosure (CED), with environmental performance serving as a mediating variable, focusing on energy scector firms listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period. A quantitative approach was employed, relying on secondary panel data sourced from the annual reports and sustainability reports of each company. Through purposive sampling, 32 observations were collected and subsequently analyzed using multiple linear regression with SPSS 25. The conclusions specify carbon taxes have a significant effect on both CED and environmental performance; however, environmental performance itself was not found to have a significant effect on CED and failed to act as a mediator in the relationship between carbon taxes and CED. This research provides results that are in line with legitimacy theory and stakeholder theory, which assert that fiscal regulatory pressure in the form of a carbon tax directly encourages energy sector companies to expand the transparency of their carbon emissions disclosures in order to maintain legitimacy in the eyes of the government, investors, and the public.
Co-Authors Abdul Hadi Bin Ahamad Abdul Haris Adinda Putri Zelicca Agnes Prety Sinta Yuliana Agus Athori Agustin, Beby Hilda Ahamad, Abdul Hadi Bin Ahmad Budiman Ahmad Yani Ahmad, Abdul Hadi Bin Aina Lufitasari Ajeng Nur Putri Rahayu Akhmad Naruli Alfredo Dos Santos Alifiya Latifaturrohmah Alisa Qurrota A'yun Khoirul Bariyah Andriana, Ririn Anggita Septiarni Anis Marjukah Arif Julianto Sri Nugroho Ariska Devi Agustin Suhariani Arisyahidin, Arisyahidin Armiyani, Nora Arum Athori, Agus Awalina , Putri BARRETO, Carlos Afonso Beby Hilda Agustin Beby Hilda Agustin Beny Mahyudi Saputra Berlianty, Nurfika Ayu Novi Carlos Afonso Barreto Che Manisah Mohd Kasim Dewi Wungkus Antasari Diana Zuhroh Edi Murdiyanto Eka Wiwid Devita Eni Srihastuti Fahad Hari Putra Maulana Fazlinda Binti Ab Halim Fiola Amanda Purnamasari Fitria Nurul Izza Frana, Frana Gadis Ragil Krisistiya Hanifah Puspita Sari Hilda Agustin, Beby Imarotus Suaidah Ivana Wilda Afosma Jayanti Indah Fresilina Kasim, Che Manisah Mohd Kurnia Robik Kusumaningarti, Miladiah Kusumanungarti, Miladiah Laela Mohimmatul Kirom Luzy Nur Agustin Mariano Nunes Mariano Nunes Merinda Ratna Sari Miladiah Kusumaningarti Miladiah Kusumaningarti Moh. Khoirul Anam Muhammad Alfa Niam Nashya Youllanda Nidita Hafizna Nora Arum Armiyani Nunes, Mariano Nur Hidayati Nur Rahmanti Ratih Nur Rahmanti Ratih Pramiana, Omi Prihat Assih Puji Rahayu Purwanti, Asih Tugi Putranti, Eti Putri Agnestasya Permatasari Putri Awalina Ratih, Nur Rahmanti Ria Lusiana Rike Selviasari Rike Selviasari Ririn Andriana Rohwiyati Rusandy, Deby Santyo Sanju Kumar Singh Sanju Kumar Singh Sanju Kumar Singh Santos , Alfredo Dos Santos, Alfredo Dos Selviasari, Rike Shofia Fatimatuz Zahro’ siti isnaniati Soares, Jaime Sri Luayyi Sri Luayyi Srikalimah, Srikalimah Sulistya Violy Amanda Salsabilla Wahyu Hidayatulloh Wahyudi, Moch. Yuliana, Agnes Prety Sinta YUNIEP MUJATI SUAIDAH