Article Per Year (5 Year)
p-Index From 2021 - 2026
0.408
P-Index
This Author published in this journals
All Journal Journal of Artificial Intelligence and Digital Business Journal of Business Economics and Management
Winarto, Thomas Alvando
Unknown Affiliation
Computer Science & IT Economics, Econometrics & Finance Electrical & Electronics Engineering Engineering

Published : 2 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 2 Documents
Search

 1 
PSAK 74 Implementation and Conflict of Interest in the Digital Insurance Era Damayanti, Mutiara; Rindhyanti, Laiza Shendy; Winarto, Thomas Alvando; Yusnaini, Yusnaini
RIGGS: Journal of Artificial Intelligence and Digital Business Vol. 5 No. 1 (2026): Februari - April
Publisher : Prodi Bisnis Digital Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/riggs.v5i1.7154

Abstract

The transformation of financial reporting architecture in the insurance industry through the implementation of PSAK 74 (IFRS 17) marks a fundamental shift from the historical cost model toward current value. However, in the digital era, this standard brings massive technological integration challenges and potential agency problems due to technical complexity and managerial subjectivity. This study aims to develop Systematic Literature Review (SLR) to identify the determinants of success and ethical barriers in the implementation of PSAK 74. Usinh the PRISMA Guildelines, 36 articles published between 2020 and 2025 were analyzed through a thematic approach. The mapping results show that 58.3% of the literature originates from reputable international journals, Indonesia becoming major reserch focus (41,6%). This indicates challenges related to IT infrastructure and human resource. Research findings reveal that financial reporting quality and transparency are the most dominant dependent variables affected by the adoption of this standard. Through the lens of agency theory, it was found that the principle-based nature of the standard provides broad discretionary space in determining actuarial assumptions such as discount rates and Contractual Service Margin (CSM), which could potentially be exploited for earnings management practices to maintain Risk-Based Capital (RBC) ratios. Meanwhile, legitimacy theory explains the tendency of insurance entities to engage in symbolic compliance to gain public recognition despite internal information asymmetry. This study concludes that the success of PSAK 74 in protecting the public interest highly depends on the transformation of IT systems into substantive internal control instruments to reduce opacity in insurance financial reporting.
The Impact of Recognizing Impairment Losses Under PSAK 48 on Financial Performance and Investor Confidence Winarto, Thomas Alvando; Yusnaini, Yusnaini
Journal of Business Economics and Management | E-ISSN : 3063-8968 Vol. 2 No. 4 (2026): April - Juni
Publisher : GLOBAL SCIENTS PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The implementation of asset impairment testing under PSAK 48 (adopted from IAS 36) marks a fundamental shift in financial reporting, demanding continuous evaluation of the recoverable amount of long-lived assets and goodwill. However, the inherent flexibility and managerial subjectivity required in impairment testing create potential agency problems and complex market signaling. This study aims to develop a Systematic Literature Review (SLR) to comprehensively map the impact of asset impairment loss recognition on financial performance and investor confidence. Adopting the PRISMA guidelines, 35 primary articles ranging from 2013 to 2026 were analyzed using a thematic approach. The mapping results show a significant research focus on the duality of impairment impacts across various sectors, including manufacturing, banking, and state-owned enterprises. Research findings reveal that while the recognition of impairment losses inherently deteriorates short-term financial performance metrics (such as ROA and net profit), its effect on investor confidence is paradoxical. Through the lens of Agency Theory and Signaling Theory, it was found that transparent and timely impairment reporting serves as a positive signal of managerial integrity that sustains investor trust. Conversely, discretionary impairments driven by opportunistic motives, such as 'big bath' earnings management, significantly erode market confidence and exacerbate information asymmetry.
Co-Authors Damayanti, Mutiara Rindhyanti, Laiza Shendy Yusnaini Yusnaini