JURNAL EKSPLORASI AKUNTANSI

Hubungan Financial Expert CEO dengan Earnings Management saat Perusahaan Melakukan Aksi Korporasi Initial Public Offerings: Studi Kasus Perusahaan Nonkeuangan yang IPO Tahun 2021-2023

Fitri Takbirani — 2026-05-18

This study examines the effect of CEO financial expertise on earnings management in non-financial firms conducting Initial Public Offerings (IPOs) in Indonesia between 2021 and 2023. CEO financial expertise is measured based on educational background and professional experience in the financial sector. Using multiple regression analysis on a sample of 141 firms, this study analyzes the relationship between CEO expertise and both accrual-based earnings management (AEM) and real earnings management (REM).The results show that AEM and REM decrease after the IPO, indicating that earnings management practices are more aggressive during the IPO period. However, CEO financial expertise has no significant effect on either AEM or REM. These findings suggest that financial knowledge alone is insufficient to curb opportunistic reporting behavior in the IPO context. Future research is recommended to explore corporate governance mechanisms as moderating factors in understanding the role of CEO expertise.

Determinan Pengungkapan Islamic Social Reporting (ISR) pada Bank Umum Syariah di Indonesia: Studi Empiris pada Bank Umum Syariah yang Terdaftar di OJK Periode 2019-2023

Sharifah Aini Nabila — 2026-05-19

The purpose of this study is to examine the Islamic social reporting (ISR) disclosure practices that nine Indonesian Islamic commercial banks have put in place between 2019 and 2023. The Sharia Supervisory Board, the company's size, and the ROA were the variables that were taken into account for this specific analysis. Multiple linear regression analysis using SPSS version 2 is used to achieve the investigation's goal. The technique used in this approach is called purposeful sampling. The annual reports that are available on the websites of all Islamic financial institutions were one of the secondary sources of data that were used. The results of this study show that while the size of the Sharia Supervisory Board and the firm have no bearing on ISR disclosure, the degree of profitability has a significant favorable impact.

The Role of Sustainability Disclosure in Shaping the Performance of State-Owned Enterprises: An Indonesian Perspective

Sanda Patrisia Komalasari — 2026-05-19

Despite the growing emphasis on sustainable development, the extent to which sustainability transparency influences the performance of state-owned entities remains empirically debated. This study investigates the impact of sustainability disclosure on the corporate performance—conceptually defined as "financial health"—of Indonesian State-Owned Enterprises (SOEs). Utilizing a sample of 61 non-bank SOEs from 2018 to 2022, this research employs multiple linear regression with unbalanced panel data. Sustainability disclosure is measured comprehensively using 85 indicators from the GRI Standards, while corporate performance is assessed through the regulatory framework of Decree No. KEP-100/MBU/2002. The results demonstrate that sustainability disclosure does not have a significant effect on the performance of Indonesian SOEs. This lack of significance suggests that sustainability reporting in Indonesian SOEs may still be at a symbolic stage, primarily serving as a tool for legitimacy rather than a driver of substantive performance improvement. These findings imply a need for more stringent enforcement of sustainability regulations and a shift from quantitative reporting to qualitative integration of ESG practices to genuinely enhance SOE value.

Pengaruh Pengungkapan Enterprise Risk Management (ERM) terhadap Nilai Perusahaan dengan Kinerja Keuangan sebagai Variabel Mediasi

Nadila Putri Yalni — 2026-05-20

This study aims to examine the effect of enterprise risk management disclosure (ERM) and financial performance as mediating variables on firm value. The population in this study are consumer cyclicals companies listed on the Indonesia Stock Exchange (IDX) for the period 2022-2024. The sampling method used is perposive sampling, resulting in a sample of 86 companies. The data analysis method used is multiple linear regression analysis. The results of the of the study indicate that enterprise risk management disclosure (ERM) not effect firm value. Meanwhile, financial performance is unable to mediate the effect of enterprise risk management disclosure (ERM) on firm value.

Pengaruh Pengungkapan Corporate Social Responsibility (CSR) terhadap Penghindaran Pajak dengan Keberadaan Direksi Wanita Sebagai Variabel Moderasi

Naufal Fachri Athalla — 2026-05-20

This study aims to demonstrate the effect of Corporate Social Responsibility (CSR) on tax avoidance with the presence of female directors as a moderating variable. Using data from mining companies listed on the Indonesia Stock Exchange for the 2021–2023 period, this study was analyzed using moderated regression. The results show that closing CSR has an effect on tax avoidance, and the presence of female directors can strengthen this relationship in suppressing tax avoidance practices. CSR and the presence of female directors play an important role in improving corporate tax compliance. Further research is recommended to add other variables such as good corporate governance or company size, as well as expanding the sector and research period.

Internalisasi Nilai Amanah dan Transparansi dalam Persepsi Akuntansi: Studi Fenomenologi di Pesantren Tadabbur Al-Qur’an

Raihan Ibnu Rusydi — 2026-05-21

The crisis of confidence in modern accounting due to financial scandals highlights the urgency of strengthening ethics, particularly key Islamic values such as trustworthiness and transparency. This research aims to deepen understanding of the internalization of trustworthiness and transparency in accounting perceptions among students and teachers. This study uses a qualitative method with a phenomenological approach at the Tadabbur Al-Qur'an Islamic Boarding School. Data collection was conducted through interviews and observations with five students, two kyai (Islamic religious leaders), and two senior teachers, which were then analyzed using Interpretative Phenomenological Analysis (IPA). The results show that accounting is not viewed merely as a technical activity, but as a moral-spiritual mandate involving dual accountability (horizontal to humans and vertical to God). Quranic verses and daily practices serve as a medium for reflecting the active internalization of these values. The fear of cheating due to sin, no matter how small, indicates that strong spiritual accountability has been formed, despite the challenges faced by the students' old habits. This study contributes to the study, demonstrating that education based on religious values can foster a strong ethical awareness in accounting practice. The implication is that the integration of spiritual values in accounting education can be an alternative approach to strengthen accountability and prevent irregularities, thus producing financial practices that are not only administratively transparent, but also morally and transcendentally responsible.

Pengaruh Struktur Modal dan Kebijakan Dividen Terhadap Kinerja Keuangan: Studi Empiris pada Perusahaan Sektor Consumer Non-Cyclicals yang Terdaftar di BEI Tahun 2020-2023

Najwa Rani Angel — 2026-05-22

This research examines the influence of capital structure and dividend policy on firms’ financial performance. A quantitative approach with a causal research design was employed in this study. The population consisted of non-cyclical consumer companies listed on the Indonesia Stock Exchange during the 2020–2023 period. The sample was determined through purposive sampling, resulting in 40 companies with 120 observational data points. The research utilized secondary data obtained from the published annual reports of the companies. Financial performance was measured using ROA, while capital structure was proxied by the Debt-to-Equity Ratio (DER) and dividend policy was measured using the Dividend Payout Ratio (DPR). The findings indicate that capitali. structure negatively influences financial performance, whereas dividend policy positively affects financial performance.

Pengaruh Penghargaan Finansial, Pertimbangan Pasar Kerja, dan Pengakuan Profesional terhadap Minat Mahasiswa dalam Memilih Profesi Akuntan Publik: Studi pada Mahasiswa Jurusan Akuntansi Politeknik Negeri Padang

Muhammad Fikri Khaikal — 2026-05-22

The public accountant's role in ensuring the credibility of financial information is fundamental. Nonetheless, career interest in this field among accounting students requires further development. This study examines the influence of financial rewards, job market considerations, and professional recognition on the career interest in becoming public accountants among students of the Accounting Department at Politeknik Negeri Padang. A quantitative approach was employed, utilizing primary data collected through questionnaires. A total of 184 respondents were selected using purposive sampling, and the data were analyzed using multiple linear regression. The results confirm that financial rewards and professional recognition positively and significantly shape career interest. Conversely, job market considerations did not have a significant influence. Conversely, job market considerations did not have a significant influence. These findings indicate that intrinsic motivation related to material rewards and recognized professional status plays a more dominant role in influencing student interest than extrinsic considerations, such as job availability. The implications of this study underscore the need for more intensive dissemination of the prospects of financial compensation and the prestige value inherent in the public accounting profession to students.

Pengaruh Akuntansi Hijau, Tata Kelola, dan Komisaris Independen terhadap Nilai Perusahaan Infrastruktur

Fadilah Novita Dewi — 2026-05-23

This study aims to examine how Green Accounting, Corporate Social Responsibility (CSR), and independent commissioners influence the firm value of infrastructure companies listed on the Indonesia Stock Exchange for the 2022–2024 period. The research applies a literature review approach by analyzing company annual reports and sustainability reports. The analysis was conducted using multiple regression based on secondary data obtained. The findings indicate that Green Accounting has a positive and significant effect on firm’s value, while CSR and independent commissioners do not show a positive and significant effect on firm’s value. The results highlight the importance of integrating environmental factors into accounting practices to enhance firm’s value in long-term, especially in sectors with substantial environmental impact such as infrastructure.

Pengaruh Family Ownership dan Karakteristik Dewan Komisaris terhadap Audit Report Lag: Studi Empiris pada Perusahaan Sektor Barang Konsumsi Non-Primer yang Terdaftar di Bursa Efek Indonesia

Fadhila Azzahara — 2026-05-24

The objective of this is to examine the effect of family ownership, board size, independent commissioners, and board meeting frequency on audit report lag. Annual reports of non-primary consumer goods companies registered on the Indonesia Stock Exchange between 2021 and 2023 provided secondary data. Purposive sampling was used to collect data, with a total sample of 93. Multiple linear regression analysis was employed to test the hypothesis. The study found that the implementation of board size has a significant negative effect on audit report lag, while family ownership, independent commissioners, and board meeting frequency have no significant effect on audit report lag.

Pengetahuan Perpajakan, Layanan Samsat Keliling dan Kepatuhan Wajib Pajak: Peran Moderasi Kesadaran Wajib Pajak

Arie Frinola Minovia — 2026-05-24

This study discusses how tax knowledge and mobile Samsat services influence motor vehicle taxpayer compliance, and it investigates taxpayer awareness strengthens these relationships. The fact that taxpayer compliance are still not optimal, despite a year-on-year increase in the motor vehicle population, suggesting that both taxpayer knowledge and the ease of accessing services are important for improving compliance. The sample consists of 100 motor vehicle taxpayers selected based on respondent availability. The distinguishing aspect of this study is examining taxpayer awareness as as a potential moderator that may amplify the effects of knowledge and service accessibility on compliance. The findings show that tax knowledge does not have an effect on taxpayer compliance. In contrast, mobile Samsat services significantly improve compliance. Taxpayer awareness also strengthens the relationship between mobile Samsat services and compliance, but it does not strengthen the relationship between tax knowledge and compliance. These findings highlight that improving service accessibility plays an important role in encouraging taxpayer compliance. Future studies are encouraged to include additional factors related to behavior and institutional support in order to provide a more complete understanding of taxpayer compliance.

Determinasi Capaian Pembangunan Desa di Sumatera Barat: Bukti Empiris dari Efektivitas Dana Desa, Efisiensi Belanja Modal, dan Kapasitas Fiskal Daerah

Halkadri Fitra — 2026-05-25

Fiscal decentralization implemented through the Village Fund program is expected to promote sustainable improvements in village development. This study examines the effects of Village Fund utilization effectiveness, capital expenditure efficiency, and regional fiscal capacity on village development performance, as measured by the Village Development Index (IDM), in West Sumatra Province. A quantitative causal research design was employed, using panel data regression analysis to assess the relationships among the variables. The results indicate that the effectiveness of Village Fund utilization does not have a statistically significant impact on the IDM. In contrast, capital expenditure efficiency and regional fiscal capacity exhibit positive and significant effects on village development outcomes. These findings suggest that development performance is driven more by the quality of budget management and the strength of regional fiscal capacity than by budget absorption levels alone. From a theoretical perspective, this study reinforces the relevance of the value for money principle and the capacity-based development approach in village development studies. In practical terms, the findings highlight the need for local governments to prioritize improvements in spending efficiency and fiscal capacity in order to enhance the developmental impact of Village Funds.

Dynamics of Cost of Debt in Indonesia: The Interplay of Earnings Quality, Tax Avoidance, and Capital Structure in The Infrastructure and Property Sectors

Nur Aisyah Kustiani — 2026-05-26

This study examines the direct effects of earnings quality (EQ) and tax avoidance (TA) on the cost of debt (CoD), and explores the moderating role of capital structure (leverage) in Indonesia's infrastructure, property, and real estate sectors. Using a balanced panel of 103 listed companies (309 observations) from 2021 to 2023, we employ a robust Fixed Effects regression model. Earnings quality is proxied by the Stubben (2010) discretionary revenue model, while tax avoidance is measured using a transformed effective tax rate index (1 - ETR). The results reveal that earnings quality does not directly influence the cost of debt, reflecting a bank-based system where commercial lenders prioritize direct monitoring and physical collateral over public accounting metrics. However, tax avoidance exhibits a significant negative relationship with the cost of debt, strongly supporting the Tax-Saving Hypothesis where cash savings enhance internal liquidity and reduce default risk. Crucially, leverage significantly moderates the earnings quality–cost of debt relationship, proving that creditors value high-quality reporting as a vital monitoring mechanism only under elevated financial risk. Conversely, leverage does not moderate the tax avoidance–cost of debt link due to thin capitalization exemptions for infrastructure projects and flat final tax schemes for property firms. These findings offer practical insights for corporate executives optimizing capital structures and regulators refining financial disclosures.

Pengaruh Praktik Manajemen Keuangan dan Pengendalian Internal Terhadap Akuntabilitas Organisasi Ikatan Motor Indonesia (IMI) Sumatera Barat

Atika Atika — 2026-05-27

This study aims to analyze the influence of financial management practices and internal control on organizational accountability in provincial-level non-profit sports organizations that manage significant funds. This study was conducted due to the limited empirical evidence regarding accountability mechanisms in regional sports organizations, which have different structures and management patterns than public or corporate organizations. Data were collected through questionnaires from active administrators and analyzed using validity and reliability tests, classical assumption checks, and multiple linear regression. The novelty of this study lies in its focus on provincial sports organizations and the role of financial management practices as a primary factor in accountability, differing from previous studies that focused on the public sector or corporations. The results indicate that financial management practices have a positive and significant effect on accountability, while internal control does not have a direct effect when analyzed in conjunction with financial management. These findings emphasize the importance of systematic budget planning, transparent recording and reporting, and effective financial oversight to enhance accountability. The study concludes that financial management practices are key to improving accountability and recommends that future research use a longitudinal design, involve other organizations, and consider additional variables such as leadership and organizational culture.

Pengaruh Pengungkapan Risiko dan Tata Kelola Perusahaan terhadap Nilai Perusahaan

Zahra Nabila — 2026-05-28

This research aims to analyze the influence of corporate risk disclosure and good corporate governance on firm value. This research is causality research with a quantitative approach. The data in the research are company annual reports obtained from Indonesian Stock Exchange website and the websites of the companies studied. This research used a purposive sampling technique and obtained 210 samples consisting of 70 financial sector companies in 2020-2022. In testing the research hypothesis, this research used the panel data regression analysis method. The results of this research indicate that corporate risk disclosure has no effect on firm value. Then, good corporate governance as proxied by audit committee size, board of commissioners size, and gender diversity also have no effect on firm value.

Eksplorasi Penerapan Activity Based Costing dalam Evaluasi Profitabilitas Proyek: Studi Kasus pada Perusahaan Jasa Konsultan

Hanin Febriana — 2026-05-30

This study examines cost-setting issues in a consulting company that has not yet implemented an activity-based costing system, resulting in inconsistent project and client profitability as well as unmeasured workload assessments. The study aims to explore how activities, work complexity, and cost-setting practices shape cost structures in consulting service firms and to identify operational issues that affect project cost evaluation. A qualitative approach was employed through in-depth interviews, workflow observations, and the review of internal documents to obtain a detailed understanding of activities, task allocation, fee determination, and the recording of working hours and project documentation. The novelty of this study lies in its effort to understand cost formation practices in consulting firms through the perspectives of activities and cost drivers. Specifically, the study focuses on how activity complexity, variations in workload, and fee-setting practices influence project cost evaluation. The findings indicate that the company frequently handles projects with similar fees but different levels of complexity, resulting in increased work effort without corresponding profit growth. Inaccurate time-recording practices also make it difficult for the company to assess the cost burden of each activity and lead to pricing decisions that are not supported by data. The study concludes that issues such as the mismatch between workload and project fees, inadequate activity recording practices, and unidentified overhead costs highlight the need for a more activity-oriented cost approach. Activity-Based Costing has the potential to serve as a framework for understanding resource consumption and supporting a more structured project cost evaluation process.

Pengaruh ESG Risk Rating dan Kinerja Keuangan terhadap Stock Return: Studi Empiris terhadap Perusahaan yang Terdaftar pada Bursa Efek Indonesia dalam Indeks IDX ESG Leaders

Afifi Putri — 2026-05-30

This study aims to determine the effect of ESG Risk Rating and financial performance on Stock Return. This study uses a sample of companies listed on the IDX ESG Leaders index from 2020-2023. The sampling technique uses is purposive sampling. The analysis technique used is in the form of multiple linear analysis and processed using SPSS ver 26, with ESG Risk Rating and financial performance as the independent variable and Stock Return as a dependent variable the result show that ESG Risk Rating and financial performance that measure by ROA has a positive and significant effect on Stock Return. while financial performance that measure by EPS do not have an effect.

Pengaruh Risiko Audit, Time Budget Pressure dan Rotasi KAP terhadap Kualitas Audit: Studi Empiris pada Perusahaan Sektor Keuangan yang Terdaftar di BEI

Zikra Ilhamullah — 2026-05-30

The purpose of this study is to examine how audit risk, time budget pressure, and audit firm rotation affect audit quality. This study uses a quantitative method. The company's annual report, taken from the Indonesia Stock Exchange website and the intended company, serves as the source of research data. Using a purposive sampling technique, this study collected 174 samples between 2020 and 2022 from 58 financial companies. This study uses logistic regression analysis to test the hypothesis. The research findings indicate that time budget pressure has an effect on audit quality, while audit risk and audit firm rotation have no effect on audit quality.

Analisis Peran SPI di PTN Satker, BLU, dan PTNBH dalam Mendukung Akuntabilitas Kampus: Sebuah Studi Komparatif

Wiwik Andriani — 2026-05-31

This study aims to analyze the role of the Internal Audit Unit (Satuan Pengawasan Internal/SPI) in supporting the accountability of public universities in Indonesia based on differences in institutional status, namely Public Universities under the Work Unit scheme (PTN Satker), Public Universities with Public Service Agency status (PTN BLU), and Legal Entity Public Universities (PTNBH). This study employs a qualitative approach through a document-based analysis of regulations, institutional guidelines, and governance documents related to the Internal Audit Unit (SPI) in PTN Satker, PTN BLU, and PTNBH.. Data were obtained from higher education regulations, financial management policies, institutional guidelines for internal audit units, and relevant university governance documents. The analysis was conducted through content analysis and thematic analysis to identify differences in the mandate, institutional positioning, and supervisory orientation of SPI across the three types of public universities. The findings indicate that the role of SPI is structurally shaped by the institutional design of the university. In PTN Satker, SPI primarily functions as an instrument of administrative compliance within the state financial accountability regime. In PTN BLU, SPI occupies a hybrid position between compliance-based supervision and performance evaluation due to financial management flexibility that is not fully accompanied by a clearly defined mandate. Meanwhile, in PTNBH, SPI is positioned as an integral component of the internal governance system with an institutional assurance function. These findings suggest that university accountability is fragmented according to institutional status. This study contributes to the literature on higher education governance by offering a contextual and institutionally grounded conceptual mapping of the role of SPI.

Pengaruh Struktur Modal, Ukuran Perusahaan, Inflasi, dan Suku Bunga terhadap Kinerja Keuangan Perusahaan: Studi Empiris pada Perusahaan Manufaktur yang Terdaftar di BEI

Nurul Hidayah — 2026-05-31

Inflation, interest rates, firm size, and capital structure are the variables that this research intends to analyze. Quantitative research with an emphasis on causation characterizes this investigation. Companies listed on the Indonesia Stock Exchange (IDX) in the manufacturing Industry during 2021–2023 make up the population of this study. A purposive sampling technique was used to determine the sample, and 75 companies were obtained as samples. Multiple regression analysis in SPSS 20 was the statistical method employed in this research. Return on Assets (ROA) is a metric used to calculate financial performance. To account for the present macroeconomic dynamics, this study adds something new by substituting inflation and interest rates for liquidity and sales growth, two variables that have been utilized in earlier research. Results from this study's simultaneous testing demonstrate that independent variables have an effect on the dependent variable at the same time. Having said that, there is a partial positive impact on financial performance from two of the four independent variable measurements capital structure and company size and a partial negative effect from inflation and interest rate variables.

Pengaruh Technology Readiness dan AI Literacy terhadap Kesiapan Mahasiswa Akuntansi Bekerja Berdampingan dengan AI

Rifaldo Rifaldo — 2026-05-31

This study aims to examine the influence of Technology Readiness and AI Literacy on the readiness of accounting students to work alongside artificial intelligence (AI), using the Technology Acceptance Model (TAM) approach. The population in this study consists of accounting students who enrolled in 2022 from six universities in Padang City, with a sample size of 252 respondents selected using purposive sampling. In testing the hypotheses, this study employed multiple regression analysis and conducted tests using SPSS 25 software. The results of the study indicate that Technology Readiness and AI Literacy have a positive and significant influence on accounting students' readiness to work alongside AI.

Optimalisasi Dana BOS dalam Meningkatkan Mutu Pendidikan di Madrasah Aliyah (MA) Miftahul Huda Sungai Luar

Rosita Rosita — 2026-06-04

Improvements in education quality are highly dependent on effective management of school operational funds, but many institutions face administrative and managerial obstacles that reduce the optimal utilization of funds. This study aims to examine the management of BOS funds in improving the quality of education and its impact on the quality of education at Madrasah Aliyah (MA) Miftahul Huda Sungai Luar. Qualitative descriptive methods were used through interviews, observations, and document analysis to examine the mechanisms of planning, implementation, and accountability. The uniqueness of this study lies in its revelation of financial management flexibility and adaptive coordination that enable the learning process to continue despite funding delays, unlike previous studies that emphasized accountability procedures. The results show that inclusive planning, organized use of funds, and transparent reporting improve learning activities, teacher development, and the learning environment. However, infrastructure limitations and administrative inefficiencies reduce funding effectiveness. This study concludes that strategic and accountable financial management supports institutional resilience and learning quality. Further research is recommended to explore integrated monitoring systems and collaborative governance models to strengthen funding sustainability and improve education quality.

Accounting Data Friction and Trust in Artificial Intelligence: Evidence from Micro, Small, and Medium Enterprises on Fraud Detection Adoption Readiness

Hani Fitria Rahmani — 2026-06-04

Micro, small, and medium enterprises increasingly process transactions across digital channels, yet many still struggle to convert daily records into reliable accounting information for monitoring and control. This study addresses a practical problem: fraud detection solutions using artificial intelligence are often not adopted, not because technology is unavailable, but because accounting data are fragmented, inconsistent, incomplete, and difficult to trace. The study aims to examine how data friction influences trust in artificial intelligence and adoption readiness for fraud detection, and whether data governance maturity reduces the negative effect of data friction on trust. A cross-sectional survey was administered to enterprise owners or managers responsible for transaction recording and data handling. The proposed model tests a moderated mediation mechanism in which trust links data friction to adoption readiness, while data governance maturity buffers the adverse pathway. The novelty lies in positioning accounting data friction as the central barrier to adoption readiness, explaining adoption through trust formation, and highlighting governance maturity as a practical form of internal control discipline that strengthens confidence in data-driven oversight. The results show that data friction lowers trust and adoption readiness, trust increases adoption readiness, data governance maturity strengthens trust, and the indirect effect through trust remains significant while being moderated by governance maturity. The study concludes that improving basic accounting data discipline and governance is essential to make fraud detection solutions more trustworthy and adoptable, and future research should validate these relationships using longitudinal designs and objective indicators of accounting process quality.

Pengaruh Efektivitas Pengelolaan Sumber Daya, Akuntabilitas Kinerja, dan Komitmen Organisasi terhadap Kinerja Manajerial: Studi Empiris pada Sekretariat Daerah Provinsi Sumatera Barat

Abdul Aziz — 2026-06-06

This study investigates the effect of resource management effectiveness, performance accountability, and organizational commitment on managerial performance within the Regional Secretariat of West Sumatra Province. Grounded in Goal Setting Theory, the research adopts a quantitative approach using a census method involving 45 echelon III and IV structural officials as respondents. Data were collected through online questionnaires and analyzed using multiple linear regression. The results indicate that while performance accountability and organizational commitment positively and significantly influence managerial performance, the effectiveness of resource management exerts a significant negative effect. These findings suggest that overly rigid resource efficiency may hinder managerial flexibility and performance. This study contributes to the public management literature by integrating goal-oriented theoretical frameworks into bureaucratic contexts and offers evidence-based insights for regional government performance reform.

Green Accounting and Profitability: Evidence from PROPER Mining Firms in Indonesia

Kareen Andina — 2026-06-06

Sustainability has become a strategic issue for mining companies because their operations create direct environmental and financial consequences. This research examines the effect of environmental costs, green investment, and environmental disclosure on the profitability of PROPER-participating mining companies listed on the Indonesia Stock Exchange during 2022–2024. Profitability is measured using return on assets. The study uses a quantitative associative approach based on secondary data from annual reports, sustainability reports, and PROPER publications. The final sample comprises 13 mining companies and 39 firm-year observations. Panel data regression is applied, and the model specification tests indicate that the Random Effects Model is the most appropriate. The results show that environmental costs have a significant negative effect on profitability, whereas green investment and environmental disclosure have no significant effect. These findings indicate that green accounting practices do not automatically improve short-term profitability in the mining sector. Environmental costs may still pose a financial burden when immediate expenditures outweigh short-term benefits. Green investment and environmental disclosure may require longer time horizons and stronger operational integration before their financial effects appear in ROA. This study contributes to green accounting literature by showing that environmental costs, investment, and disclosure have distinct financial implications.