<![CDATA[This study examines the effect of the Fraud Triangle (Pressure, Rationalization, Opportunity) and corporate governance mechanisms—Rights and Equitable Treatment of Shareholders, Sustainability and Resilience, Disclosure and Transparency, and Responsibility of the Board—on Financial Statement Fraud (FSF) in listed metals and minerals companies on the Indonesia Stock Exchange. Using a quantitative approach with 90 firm-year observations from 2020 to 2024, FSF was measured using the Beneish M-Score and analyzed through logistic regression. The results reveal that only Pressure has a significant positive effect, while Disclosure and Transparency has a significant negative effect on fraud likelihood. Rationalization, Opportunity, and the remaining governance variables are not statistically significant. The model demonstrates an adequate fit, as indicated by a Nagelkerke R² value of 23.56%. These findings provide partial support for the Fraud Triangle and agency theory, suggesting that in emerging markets, pressure dominates as the primary fraud driver while transparency effectively deters fraudulent reporting. The study offers practical implications for prioritizing pressure monitoring and strengthening disclosure practices as strategic fraud prevention tools.]]>
Copyrights © 2027
