JURNAL AKUNTANSI KEUANGAN DAN MANAJEMEN
Jurnal Akuntansi, Keuangan dan Manajemen (Jakman) adalah jurnal peer-review dalam bidang Akuntansi, Keuangan, dan Manajemen. Jakman menerbitkan artikel yang relevan dan telah direview oleh beberapa editor yang merupakan ahli di bidangnya. Jurnal ini diharapkan dapat menjadi platform yang signifikan bagi para peneliti di Indonesia untuk berkontribusi terhadap pengembangan teori dan praktik yang mencakup semua aspek Akuntansi, Keuangan, dan Manajemen.
Articles
322 Documents
<![CDATA[Effect of Leverage, Fiscal Distress, and Fiscal Capacity on COVID-19 Accrual Manipulation ]]>
<![CDATA[Yusmita, Neni]]>;
<![CDATA[Sandrayati, Sandrayati]]>;
<![CDATA[Savira, Okky]]>;
<![CDATA[AR, Sopiyan]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5607
<![CDATA[Purpose: This study aims to analyze the effects of leverage, fiscal distress, and fiscal capacity on accrual manipulation in provincial governments in Indonesia during 2020–2022. Methodology/approach: The research data used regional government financial reports audited by the Badan Pemeriksa Keuangan (BPK), with a sample size of 102 observations from 34 provinces over three years. The analysis method used was panel data regression with a Random Effects Model (REM) approach. Results: The results show that leverage has no significant effect on accrual manipulation. Conversely, fiscal distress and fiscal capacity have a positive effect on accrual manipulation, indicating that high fiscal pressure and capacity encourage accounting flexibility to maintain the image and meet performance targets. Simultaneously, leverage, fiscal distress, and fiscal capacity contribute to the level of accrual manipulation by local governments during the COVID-19 pandemic. Conclusions: This study concludes that fiscal distress and fiscal capacity significantly influence accrual manipulation among Indonesian provincial governments during the COVID-19 pandemic, whereas leverage has no effect. High fiscal pressure and capacity encourage accounting discretion to maintain the performance. Strengthening fiscal governance and audit oversight is essential for reducing the risk of manipulation in public financial reporting. Limitations: The limitations of alternative indicators and objects to districts/cities. Contributions: These findings have important implications for local governments in strengthening financial governance, auditors in increasing oversight of accrual items vulnerable to manipulation, and future researchers in expanding the variables and scope of research.]]>
<![CDATA[Levers of Eco-Control: Linking Environmental Concern, Stakeholder Pressure in Predicting Green Behaviour ]]>
<![CDATA[Sari, Selly Puspita Sari]]>;
<![CDATA[Fuadi, Fauzan]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5625
<![CDATA[Purpose: This study investigates the influence of environmental concern and stakeholder pressure on green behavior in hospital medical waste management, with the Levers of Eco-Control (LoEC) as a mediating variable. The research emphasizes the importance of managerial control systems in translating environmental strategies into sustainable operational practices. Methodology: Data were obtained from 140 respondents directly involved in hospital waste management activities. The data were analyzed using the Structural Equation Modeling Partial Least Squares (SEM-PLS) method to test the relationships among environmental concern, stakeholder pressure, LoEC, and green behavior. Results: Stakeholder pressure has a significant positive effect on both LoEC and green behavior. LoEC strengthens green behavior and mediates the relationship between stakeholder pressure and environmentally responsible practices. Conversely, environmental concern does not exhibit a significant direct or indirect influence through LoEC. Conclusions: External stakeholder pressure and structured eco-control systems are more effective in encouraging sustainable behavior than individual awareness alone. The integration of LoEC enhances hospitals’ environmental accountability and compliance with sustainability standards. Limitations: By focusing on behavioral factors, this study underscores the centrality of these factors in enhancing the effectiveness of sustainable medical waste management practices. Contributions: This study extends the LoEC framework to the healthcare sector and provides theoretical and practical insights into how control-based mechanisms can institutionalize green behavior in medical waste management.]]>
<![CDATA[Socio-Economic Improvement of MSMEs through Digital Transformation in Metro City ]]>
<![CDATA[Setiyarini, Elita Yuni]]>;
<![CDATA[Rosdyanti, Titin]]>;
<![CDATA[Sari, Meli Yana Puspita]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5657
<![CDATA[Purpose: This study analyzes the impact of digital transformation on the socioeconomic welfare of MSMEs, including income growth, access to resources, quality of life, and business sustainability. Methodology/approach: This study used a mixed-methods explanatory sequential approach. The research population comprised 23,854 MSMEs in Metro City. This study employed a mixed-methods approach. Quantitative data were gathered from 100 respondents, selected via convenience sampling using the Slovin formula, and analyzed using Structural Equation Modeling (SEM). Qualitative insights were obtained through in-depth interviews with 15 purposively sampled MSME actors, and the data were examined through thematic analysis. Results: Digital transformation had a positive and significant effect on all dimensions of the socio-economic welfare of MSMEs. Conclusions: This study concludes that digital transformation has a positive impact on the socioeconomic welfare of MSMEs in Metro City by increasing income, access to resources, quality of life, and business sustainability. Limitations: This study focused on certain variables related to digitalization, whereas many other external factors that may have influenced the results were not explored in depth. Contribution: This research provides practical contributions to MSMEs and policymakers by demonstrating the positive impact of digital transformation on business prosperity. Academically, this study enriches the fields of digital management and economics through a holistic approach in the local MSME context.]]>
<![CDATA[Analysis of CSR Program Disclosures in Sustainability Reports Based on GRI Standard and AA1000 ]]>
<![CDATA[Djumiyati, Dewi]]>;
<![CDATA[Munandar, Agus]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5677
<![CDATA[Purpose: This study examines the disclosure of CSR programs in the sustainability reports of banking companies included in the KBMI 4 category. Methodology/approach: Qualitative analysis with descriptive analysis. Results/findings: The analysis shows that the level of hunger disturbance based on the GRI Standards for banks in KBMI 4, has shown significant progress during the 2022-2024 period. All four banks consistently implemented the requirements in accordance with POJK No. 51/POJK.03/2017, with a high level of compliance with the general standards and accountability principles of AA1000, although there are still variations in disclosures of standard topics. Conclusions: The sustainability report disclosure of KBMI 4 banks showed significant progress during 2022-2024. All four consistently complied to with POJK No. 51/POJK.03/2017 and AA1000 accountability principles, with generally high adherence to GRI Standard. Despite variations in topic disclosures, CSR reporting has become a key strategy to enhance image, public trust, and sustainable competitiveness. Limitations: The scope of the study was limited to banks in KBMI 4, observation period only covered 2022-2024, focused on CSR disclosure and research data is secondary in nature. Contributions: The Banks within KBMI 4 have implemented CSR programs to support sustainability in accordance with applicable standards and support sustainable development in Indonesia.]]>
<![CDATA[The Effect of Carbon Emission Disclosure, Environmental Performance, and Firm Size on Profitability ]]>
<![CDATA[Lee, Priscilia Christie]]>;
<![CDATA[Suhendah, Rousilita]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5749
<![CDATA[Purpose: This study examines the effects of carbon emissions disclosure, environmental performance, and firm size on profitability. Research Methodology: Nineteen companies were selected as samples using purposive sampling. The study used secondary data sourced from the annual reports and sustainability reports of each company and analyzed using a multiple linear regression approach with a fixed-effects model using Microsoft Excel and EViews 12 software. Results: The results of the research analysis indicate that carbon emission disclosure has a negative effect, environmental performance has no significant effect, while firm size has a positive effect on profitability in Indonesian mining companies. Conclusions: Regression analysis shows that carbon emissions disclosure (X1) has a negative effect, environmental performance (X2) has no significant effect, and firm size (X3) has a positive effect on profitability. Limitations: This study is limited to three independent variables, an observation period of 2021–2023, and a focus on the mining sector; therefore, the results cannot be generalized to other sectors. Contributions: This research is expected to benefit companies in making strategic decisions related to sustainability, investors in evaluating financial and non-financial performance, academics in enriching the literature on factors that influence profitability, and further researchers in expanding the variables, sectors, and research periods.]]>
<![CDATA[The Mediating Marketing Capabilities between Entrepreneurial Orientation, Digital Literacy, and SME Performance ]]>
<![CDATA[Lestari, Dewi]]>;
<![CDATA[Adi, Roni]]>;
<![CDATA[Karlina, Karlina]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5763
<![CDATA[Purpose: SMEs in Batam City still face challenges in maintaining performance due to limited resources, marketing, and digital adoption. This study aims to examine how entrepreneurial orientation and digital literacy affect SME performance, with marketing capability serving as a mediating factor. Methodology/approach: Using a causal research design, data were collected from 165 SME owners in Batam through questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Results: The findings reveal that entrepreneurial orientation and digital literacy significantly enhance marketing capability, which, in turn, positively influences SME performance. Furthermore, marketing capability mediates the relationship between entrepreneurial orientation and performance, as well as between digital literacy and performance. These results highlight that SMEs need to strengthen their entrepreneurial orientation and digital literacy to enhance marketing capability and achieve sustainable performance. Conclusions: This study concludes that entrepreneurial orientation and digital literacy play a significant role in enhancing marketing capabilities, which, in turn, positively contributes to the performance of SMEs in Batam City. Limitations: This study used cross-sectional data and focused only on SMEs in Batam City, which may limit the generalizability of the results. Reliance on self-reported questionnaires may also have introduced response bias. Contributions: This study demonstrates that entrepreneurial orientation and digital literacy enhance SME performance through marketing capability and offers valuable insights for researchers, practitioners, and policymakers.]]>
<![CDATA[Influence of Product and Price on Electric Motorcycle Purchases in Pontianak ]]>
<![CDATA[Suhadi, Dio]]>;
<![CDATA[Sumiyati, Sumiyati]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.4807
<![CDATA[Purpose: This study aims to evaluate the influence of price and product characteristics on consumers’ decisions to purchase electric motorbikes at CV Sinergi Grafika Perkasa in Pontianak City. Methodology: An associative study design was employed, with 117 respondents selected using saturation sampling. Data were analyzed using multiple linear regression, the multiple correlation coefficient (R), the coefficient of determination (R²), an F-test (Simultaneous Test), and a t-test (Partial Test). Results: The regression equation obtained was Y = 2.33 + 0.123X1 + 0.496X2. The multiple correlation coefficient (R) of 0.992 indicates a very strong relationship between product and price in the decision to purchase electric motorbikes. The coefficient of determination (R²) was 0.983, indicating that the variables explained 98.3% of the variance in purchasing decisions, with the remaining 1.7% attributed to external factors not explored in this study. The F test revealed that both price and product characteristics simultaneously influenced the purchasing decision. The t-test showed that while price did not significantly impact the decision to purchase, product characteristics had a significant partial effect. Conclusions: This study highlights the critical role of product characteristics in purchasing decisions, suggesting a shift in consumer preferences towards product value over price, particularly for eco-friendly products. Limitations: This study was limited by the exclusion of external factors that could also influence purchasing decisions. Contributions: This study provides insights for marketing strategies, particularly for promoting environmentally friendly products in local markets.]]>
<![CDATA[The Influence of Financial Distress and CSR on Firm Value Moderated by the Audit Committee ]]>
<![CDATA[Dewi, Winda Puspita]]>;
<![CDATA[Putra, Robiur Rahmat]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5286
<![CDATA[Purpose: This study examines the influence of financial distress and Corporate Social Responsibility (CSR) on firm value, with the audit committee serving as a moderating variable. Methodology/approach: The data consisting of 105 observations were processed using the STATA software. Based on the model selection criteria, the random effects model was determined to be the most appropriate estimation approach. Results/findings: The results show that Financial Distress has a direct effect on Firm Value, whereas Corporate Social Responsibility does not have a direct impact on Firm Value. The Audit Committee is proven to significantly moderate the relationship between Financial Distress and Firm Value. Limitations: This study focuses only on financial distress, Corporate Social Responsibility (CSR), and audit committees. In fact, in the context of determining company value, there are many other factors that also have a significant influence. The results of this study leave a wide gap for further research development. Contributions: This study aims to emphasize the importance of the audit committee as a mechanism of corporate governance, particularly in mitigating the impact of financial distress on company value. This research also provides recommendations for companies to strengthen the function and effectiveness of the audit committee in maintaining firm value. Conclusions: This study underscores the crucial role of the audit committee as a governance mechanism, specifically its effectiveness in mitigating the negative impact of financial distress on firm value. It recommends that companies enhance the functions and effectiveness of their audit committees to better maintain firm continuity and value.]]>
<![CDATA[Integration of Training and Retention in Improving Employee Well-being through Competency Mediation in the Banking Sector ]]>
<![CDATA[Rohani, Siti]]>;
<![CDATA[Tan, Cellina]]>;
<![CDATA[Anggraini, Ratih]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5825
<![CDATA[Purpose: This study examined the effects of employee retention, human resource development, and career satisfaction on employee well-being, with competence as a mediating variable. Methodology/approach: This quantitative research used the Partial Least Squares – Structural Equation Modeling (PLS-SEM) method with SmartPLS software. Data were collected via a Likert-scale questionnaire from 277 banking employees in Batam who had participated in training programs. Results: Employee retention, HR development, and career satisfaction significantly influence competence, which in turn significantly impacts employee well-being. These three independent variables also affect well-being indirectly through competence mediation. The R-square values (0.942 and 0.915) and a goodness-of-fit index of 0.797 demonstrate strong model predictive power. Conclusions: Improving employee well-being should focus on strengthening employee competence through consistent retention strategies, structured training programs, and clear career development pathways. Limitations: This study is limited by its focus on employees in the banking sector in Batam, which may not fully represent all industries or regions. Contributions: This study integrates three key HR factors in a single model and positions competence as a mediator in the banking sector, a topic that has been underexplored in Indonesian settings.]]>
<![CDATA[The Purbaya Effect: Event Study of Leadership Signalling ]]>
<![CDATA[Rani, Inta Hartaningtyas]]>;
<![CDATA[Widyowati, Lestari Adhi]]>;
<![CDATA[Jalih, Jara Hardiyanti]]>
<![CDATA[ Jurnal Akuntansi, Keuangan, dan Manajemen Vol 7 No 2 (2026): Maret ]]>
Publisher : <![CDATA[Penerbit Goodwood ]]>
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DOI: 10.35912/jakman.v7i2.5895
<![CDATA[Purpose: This study examines how the appointment of a new Minister of Finance affects stock price movements in the Indonesian capital market, with a focus on banking and manufacturing, which are directly affected sectors. Methodology/approach: This study uses an event-study design to investigate the existence of the “Purbaya Effect” by analyzing daily movements of the Jakarta Composite Index (JCI) and sectoral indices. Abnormal returns and cumulative abnormal returns are calculated using a 30-day window centered on the appointment date (September 8, 2025). Cross-sector sensitivity is assessed by comparing the short-term price responses of banking stocks, which are closely linked to fiscal-monetary transmission, and manufacturing stocks, which are more sensitive to demand expectations, the cost of capital, and risk sentiment. Results/Findings: The results confirm a significant “Purbaya Effect” at the aggregate market level following the ministerial appointment. Sectoral analysis indicates asymmetric responses: manufacturing stocks exhibit statistically significant price adjustments (sig 0.00<0.05), whereas the banking sector shows no comparable significant response (sig 0.183>0.05). Conclusions: Every cabinet change signals the quality of economic information to the capital market, which can be responded to negatively or positively Limitations: The study is confined to a 60-day event window, covers only two major sectors, and does not explicitly control for other macroeconomic or political events that may overlap with the announcement period. Contributions: The confirmation of the ‘Purbaya Effect” demonstrates that fiscal communication should be considered a signalling instrument with a real impact on price formation and capital allocation in the market.]]>
