cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
Aditya Halim Perdana Kusuma Putra
Contact Email
adityatrojhan@gmail.com
Phone
+6282292222243
Journal Mail Official
adityatrojhan@gmail.com
Editorial Address
Jalan Abu Bakar Lambogo No. 91 Makassar
Location
Kota makassar,
Sulawesi selatan
INDONESIA
Golden Ratio of Finance Management
Published by Manunggal Halim Jaya
ISSN : -     EISSN : 27766780     DOI : https://doi.org/10.52970/grfm
Core Subject : Economy,
Economics, Econometrics & Finance
Golden Ratio of Finance Management (GRFM) encourages courageous and bold new ideas, focusing on contribution, theoretical, managerial, and social life implications. Golden Ratio of Finance Management (GRFM) welcomes papers that are based on human resources management for example: Accounting and Financial Reporting, Alternative Investments, Asset Pricing, Bank Solvency and Capital Structure, Banking Efficiency, Banking Regulation, Behavioural Finance, Commodity and Energy Markets, Corporate Finance, Corporate Governance and Ethics, Credit Rating, Derivative Pricing and Hedging, Empirical Finance, Experimental finance, Financial Applications of Decision Theory or Game Theory, Financial Applications of Simulation or Numerical Methods, Financial Economics, Financial Engineering, Financial Forecasting, Financial mathematics, Financial Risk Management and Analysis, Financial services, Financial theory, Islamic Finance, Islamic Banking, Personal finance, Portfolio Optimization and Trading, Public finance, Regulation of Financial Markets and Institutions., Stochastic Models for Asset and Instrument Prices, Systemic Risk
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Bisnis, Menejemen, dan Akutansi (Lain-Lain)
Articles 160 Documents
 5   6   7   8   9 
Implementation of Accounting Information Systems in SME: A Systematic Literature Review Mediaty, M.; Indrijawati, Aini; Palureng, Rezvita Zalsabilah; Surisman, S.; Hariana, H.
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.923

Abstract

This study aims to analyze the implementation of Accounting Information Systems (AIS) in Micro, Small, and Medium Enterprises (SMEs) in Indonesia using the Systematic Literature Review (SLR) approach. AIS is important in improving operational efficiency, transparency, and accuracy of MSME financial data, which ultimately supports strategic decision-making and business competitiveness. However, implementing AIS in SMEs faces various challenges, such as low financial literacy, limited access to technology, and difficulties in integrating new systems with existing business practices. This study identifies key factors in AIS implementation, including the type of system used, the role of stakeholders, perceived benefits, and integration of AIS with other systems. The results show that successful AIS implementation depends on understanding local needs, access to formal financing, and social support. With the growing digitalization, SMEs have an excellent opportunity to improve their performance through proper AIS adoption. The findings of this study are expected to serve as a strategic guide for the future development of SMEs.
Analysis of the Impact of Symmetrical Auto Rejection Policy on IHSG Movement on the IDX During 2020-2023 Maudya, Intan yhejri Rari; Yuliati, Y.
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.924

Abstract

This study analyzes the market response to the change in auto rejection policy from 15% to symmetric auto rejection implemented by the Indonesia Stock Exchange (IDX) in 2020-2023. This policy aims to maintain market stability and protect investors from extreme price fluctuations. This study uses a quantitative method with the Wilcoxon Signed Rank test to analyze differences in abnormal returns and trading volume before and after implementing the policy. The sample consists of 48 companies listed on the IDX for 3 periods, selected purposively from various sectors. The results showed significant differences in both variables. The market response to abnormal returns showed a positive signal, while trading volume reflected an adverse reaction, illustrating the negative market sentiment towards this policy. This finding confirms that policy changes have a significant impact on investor behavior. The author advises investors to conduct in-depth fundamental and technical analysis to understand the entire policy and minimize the risk of loss in making investment decisions.
Effectiveness of Village Financial System Implementation (SISKEUDES) in Realizing Accountability and Transparency to Prevent Fraud Dewila, D.
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.942

Abstract

This study analyzes the effectiveness of implementing the Village Financial System  (SISKEUDES) in improving accountability and transparency to prevent fraud in three villages in the Kalumpang sub-district, Mamuju district. Using mixed method research combines quantitative analysis through regression and qualitative approaches with interviews, observations, and documentation studies. The results showed that transparency significantly influenced fraud prevention (p < 0.001), while accountability also contributed, although with a more minor influence. SISKEUDES is proven to facilitate the recording and reporting of village finances, increase public trust, and reduce the potential for fund protection. However, there are still obstacles to understanding the system and technological infrastructure that need to be improved.
The Influence of Corporate Social Responsibility, Good Corporate Governance, and Climate Disclosure on Company Performance in The Palm Oil Industry Yunita, Yudha Puspa
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.944

Abstract

This study examines the influence of corporate social responsibility, good corporate governance, and climate disclosure on company performance in the palm oil industry. Unlike previous research, this study incorporates IFRS S2 as a factor in climate disclosure to assess its impact on company performance. The study employs a quantitative method using secondary data from the financial reports of palm oil companies listed on the Indonesia Stock Exchange for 2019–2023. The sampling technique used is purposive sampling. The results indicate that corporate social responsibility, good corporate governance, and climate disclosure positively and significantly impact company performance. The implications of this study highlight the importance of enhancing transparency in climate disclosure by IFRS S2 standards and improving CSR practices to strengthen the competitiveness of the palm oil industry.
The Effect of Green Accounting, Green Intellectual Capital & Corporate Social Responsibility on Financial Performance: Empirical Study of Energy Sector Companies Listed on the Indonesian Stock Exchange for the 2021-2023 Period Riski, Muhammad; Husnatarina, Fitria; Umbing , Golda Belladonna; Christmas, Andreas Fajar; Nasir, Darmae; Yeremi, Ryant Nicolas Hasiholan; Ludang, Ribka Febiola Agus
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.967

Abstract

This research examines the impact of green accounting, intellectual capital, and corporate social responsibility on Indonesia's energy companies' financial performance. The research was conducted on energy sector companies listed on the Indonesia Stock Exchange from 2021 to 2023. The independent variables used in this study are green accounting, green intellectual capital, and corporate social responsibility, while the dependent variable is financial performance. This research employs multiple regression analysis with observations from 2021 to 2023. The data used in this study were obtained from financial statements and sustainability reports. This research found that green accounting, intellectual capital, and corporate social responsibility do not significantly impact financial performance. This suggests that energy sector companies have not fully prioritized environmental sustainability and social responsibility in managing their operations.
A Bibliometric Analysis of Internal Audit Research in Indonesia Firdausi, Qonita; Safitri, Sari; Manulang, Novrianti; Dachlan, Fitriana; Santoso, Rachmat Agus
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.996

Abstract

This research aims to describe the evolution of internal audit, focusing on identifying the most productive and cited articles, authors, countries, and institutions on this topic. The study used bibliometric analysis with VOSviewer software based on Scopus data, covering 490 articles published from 2017–2023. Data was collected using the "internal audit" keyword and analyzed to identify publication trends, author collaborations, and citation patterns. The results showed that the number of publications on internal audits continues to increase, with 2020 being the most productive year, with 80 articles (16.33%). The United States leads in the number of articles and citations, followed by Malaysia and other countries. Authors such as Eulerich Marc and institutions such as Brigham Young University are among the most productive in this study. The article " Influence of Audit Committee and Internal Audit Function Effectiveness on Enterprise Risk Management Adoption" by Callahan et al. is the most cited. The implications of this study show the importance of the evolution of the role of internal audit in risk management, control, and organizational governance, especially in the era of digitalization. Then, for further research evolution, other software and visualization methods can be used besides VOSviewers, such as CiteSpace or Gephi, to provide more comprehensive insights into the structure of internal audit research.
The Influence of Financial Literacy and Financial Digitalization on the Profitability: Study on Micro and Small Enterprises Business Incubator in Palu City, Indonesia Sitriani, Afifah; Zainuddin, Fatlina; Muslimin, M.; Risendy, Rian
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.997

Abstract

This study aims to analyze the effect of financial literacy and financial digitalization on the profitability of MSMEs registered with the Palu City Business Incubator (INBIS) in the 2023-2024 period. Given the crucial role of MSMEs in the local economy and the challenges related to financial literacy and digitalization adoption, this study seeks to provide empirical evidence. A quantitative approach with descriptive and causal methods was used, involving 30 MSMEs through a census to obtain comprehensive data. Data analysis was carried out using multiple linear regression. The results showed that financial literacy significantly affected MSME profitability, making a greater contribution than financial digitalization. Financial digitalization also had a positive impact, although its contribution was relatively smaller. Simultaneously, financial literacy and financial digitalization significantly affected MSME profitability. These findings emphasize the importance of a combination of good financial literacy and adoption of digital technology. The implication is that the government and INBIS need to design a sustainable integrated training program to improve MSME digital financial literacy. MSMEs are advised to actively utilize digital financial platforms and improve their understanding of financial management. Financial institutions are expected to develop products according to MSME needs and provide more effective financial education. This research provides insights for stakeholders in supporting the growth of MSMEs through increasing literacy and digital transformation, which ultimately contributes to regional economic stability.
Implementation of Digital Finance for SME: Case Study of Digital-Based Business Incubator Program and Adoption Challenges in Palu City, Indonesia Dasi, Wilasini Dewi; Husnah, H.; Nofal, Mohammad; Samudra, Suryadi
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.1004

Abstract

The era of digitalization has brought changes in various economic sectors, including Micro, Small, and Medium Enterprises (SMEs) in Indonesia. This research discusses the implementation of digital finance in SMEs assisted by the Digital-Based Business Incubator of Palu City. The main focus is how the business incubator's coaching program and SME's level of digital literacy affect the adoption of digital financial technology. This study aims to analyze the implementation of digital finance in Business Incubator SMEs through a quantitative approach, data obtained from distributing questionnaires to SMEs involved in the incubation program. Multiple linear analysis methods with SPSS statistical tools were used to achieve the research objectives. The research was conducted on SMEs registered in the Business Incubator, totaling 52 SMEs, with a research sample of 40 SMEs. The results showed that the Business Incubator coaching program and digital literacy significantly positively affected the implementation of digital finance in SMEs. Targeted coaching programs and adequate digital literacy are proven to increase SME adoption of digital financial technology.
Business Incubator Assistance as a Financial Literacy Mediator to Improve Financial Performance: A Study on SME of Business Incubator in Palu City, Indonesia Zhahir, Rezki Amalia; Muslimin, M.; Zainuddin, Fatlina; Anisah, A.
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.1010

Abstract

This study aims to analyze the role of Business Incubator assistance as a mediator between financial literacy and financial performance in SMEs assisted by the Palu City Business Incubator. Using a quantitative approach with path analysis techniques, data were obtained through a survey of fostered SMEs. The results showed that financial literacy has a positive and significant effect on financial performance but has no positive effect on mentoring, and mentoring also shows no significant effect on financial performance. These findings indicate that financial literacy directly contributes to improved financial performance without being mediated by mentoring. This study suggests that mentoring programs be designed more specifically to improve financial literacy so that the success of SMEs can be optimized through the synergy between strong financial literacy and relevant mentoring.
Bibliometric Analysis of The Development of Forensic Audit Research Based on VOS-Viewer Kurniawan, Sunny Agung; Mayuri, Ni Kadek Lila; Fitriana, F.; Santoso, Rachmat Agus
Golden Ratio of Finance Management Vol. 5 No. 1 (2025): October - March
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i1.1013

Abstract

This study aims to analyze the development and trends of research in forensic auditing through a bibliometric approach using VOSviewer software. Focusing on publications from 2012 to 2024, the study evaluates key themes, collaborations between researchers, and the relationship between methodology and geographic context. The method used is bibliometric analysis with a network visualization, overlay, and density approach, which maps keywords from related literature to identify thematic patterns and associations. The results of the study show three main thematic clusters. The first cluster highlights the relationship between forensic auditing and economic development, focusing on methodologies and contributions to economic growth. The second cluster emphasizes an empirical approach that uses primary and secondary data to evaluate the influence of certain variables in forensic audits. The third cluster focuses on the local context, particularly Indonesia, focusing on the application of technology in detecting and preventing economic crimes. The overlay visualization also reveals the evolution of research themes, from early conceptual issues such as "economy" and "methodology" to applicable topics such as "technology" and "crime." The study found that collaboration between researchers, institutions, and countries is crucial in expanding the scope of research and integrating technological innovations such as blockchain and data mining. These findings provide in-depth insights into trends, research gaps, and opportunities for future exploration, helping to strengthen the role of forensic audits in supporting financial transparency and accountability.  

Page 7 of 16 | Total Record : 160

 5   6   7   8   9 

Filter by Year

2021 2026


Reset
Filter By Issues
All Issue Vol. 6 No. 1 (2026): October - March Vol. 5 No. 2 (2025): April - September Vol. 5 No. 1 (2025): October - March Vol. 5 No. 1 (2025): October - March (Article in Press) Vol. 4 No. 2 (2024): April - September Vol. 4 No. 1 (2024): October - March Vol. 3 No. 1 (2023): October - March Vol. 2 No. 2 (2022): April - September Vol. 2 No. 1 (2022): October - March Vol. 1 No. 2 (2021): April - September Vol. 1 No. 1 (2021): October - March More Issue