Etihad: Journal of Islamic Banking and Finance
Vol. 5 No. 2 (2025)

The Role of Cost Accounting Information in Enhancing Firm Value and Stakeholder Responsibility: Evidence from Indonesia’s Cement Industry

Hardana, Ali (Unknown)
Zaini, Zaki (Unknown)
Husen Subana, Dadang (Unknown)
Wahyu Utami, Try (Unknown)



Article Info

Publish Date
23 Oct 2025

Abstract

Introduction: This study examines the effect of cost accounting information on the increase in company value and the fulfillment of stakeholder responsibilities in cement companies listed on the Indonesia Stock Exchange (IDX) during 2016–2021. Research Methods: The research uses simple linear regression for causality testing, one-way ANOVA, and independent sample tests for comparative analysis, with a 5% significance level. Results: The findings show that cost accounting information significantly affects firm value, particularly in calculating cost of goods manufactured. Higher firm value improves the company's ability to meet its obligations to stakeholders, including paying dividends to shareholders, covering loan interest to creditors, paying salaries to employees, and fulfilling tax responsibilities to the government. Conclusion: The study also identifies significant differences among public cement companies regarding firm size, dividend payments, tax burden, and interest expenses. However, salary expenses did not show significant differences. These results highlight the strategic importance of accurate cost accounting in enhancing financial performance and maintaining stakeholder trust.

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Journal Info

Abbrev

etihad

Publisher

Subject

Religion Humanities Economics, Econometrics & Finance Social Sciences

Description

Etihad: Journal of Islamic Banking and Finance accepts original manuscripts in Islamic banking and finance (covering bank and non-bank financial institutions), manuscripts in the form of research reports, case reports, theory application, critical studies and literature ...