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This study aims to investigate the influence of audit committee characteristics—including the proportion of independent audit committee members, audit committee size, and the frequency of audit committee meetings—on the risk of financial statement fraud in companies in the real estate and infrastructure sectors listed on the Indonesia Stock Exchange from 2020 to 2024. This study is grounded in agency theory and signaling theory. The sample was selected using purposive sampling, involving 62 companies or 310 observations. Data analysis was conducted using multiple linear regression via SPSS version 27. The findings of the study indicate that, collectively, the three audit committee characteristic variables, along with the control variables, have a significant impact on financial statement fraud risk. However, when examined individually, the proportion of independent audit committee members, the size of the audit committee, and the frequency of audit committee meetings do not show an influence. Meanwhile, the profitability control variable (ROA) showed an influence on financial statement fraud risk. This study concludes that the extent to which an audit committee can prevent fraud depends not only on quantitative factors such as the number of members or meeting frequency, but is also more influenced by the quality of the audit committee members’ capabilities and commitment in carrying out their oversight duties.

This study investigates the impact of board characteristics on the financial performance of non-financial companies listed in the JII70 index in Indonesia. Motivated by the ongoing debate on the effectiveness of corporate governance mechanisms in enhancing firm outcomes, particularly within Sharia-compliant markets, this study focuses on three key board attributes: board size, board independence, and female representation on the board. Using a quantitative causal approach and panel data from 25 companies over the period 2020–2023, the study employs a fixed effect model to evaluate the relationship between board structure and financial performance measured by Return on Assets (ROA). The results show that board size has a positive and significant effect on firm performance, indicating that larger boards may enhance oversight capacity and provide broader resources beneficial to strategic decision-making. Conversely, board independence and board female representation do not exhibit significant effects on financial performance, suggesting that their roles may be more symbolic or constrained by institutional and contextual factors in the sampled companies. These findings highlight the importance of understanding corporate governance not merely in structural terms, but in relation to functional effectiveness and contextual maturity. The study offers implications for regulators, companies, and governance reform initiatives, particularly regarding strengthening substantive roles of independent and female commissioners in improving firm performance within Sharia-compliant markets.

Earnings management is an action that can affect the quality of a company's financial information. As the highest leader, the CEO plays a critical role in strategic decision-making, including in earnings management practices. This study aims to examine the influence of CEO characteristics—namely age, education level, and tenure—on earnings management in food and beverage sub-sector companies listed on the Indonesia Stock Exchange for the 2019–2023 period. A quantitative approach is employed using secondary data from annual reports of 21 companies, with a total of 99 firm-year observations. The data were analyzed using multiple linear regression with leverage, profitability, and sales growth as control variables. The results show that CEO age has a negative effect on earnings management, CEO tenure has a positive effect, while CEO education level shows no significant effect. These findings indicate that the personal characteristics of CEOs influence a company’s tendency to engage in earnings management. This study provides insights for investors, management, and regulators to consider CEO attributes when assessing the risk of financial reporting manipulation.

By using earnings management and cash flow as intervening variables, this study aims to investigate how company value is influenced by ownership structure, company characteristics, and capital structure. This research method employs a quantitative approach. The secondary data used in this study comes from the financial statements of mining sector companies listed on the Indonesia Stock Exchange from 2019 to 2023. Smart-PLS software is used to perform data analysis. Out of the eleven proposed hypotheses, only hypothesis H3 is accepted, which indicates that Ownership Structure has a significant impact on Company Value.  

Firm value is an overall measure of the economic value of a company that includes asset value, profit-making ability, and future growth potential. This study aims to analyze the effect of capital structure, ownership structure, and company characteristics on firm value with financial performance and earnings management as intervening variables in cement sub-sector manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The research method used is a quantitative method with a secondary data analysis approach obtained from the company's financial statements and annual reports. The results showed that capital structure has a significant negative effect on earnings management and financial performance, but not significant on firm value. Ownership structure is not significant to all variables. Firm characteristics have a significant positive effect on earnings management and firm value. Earnings management has a significant positive effect on firm value, while financial performance has a positive but insignificant relationship. These findings provide practical implications for company management in designing optimal financial strategies to improve company performance and value, as well as for investors in making investment decisions based on relevant financial indicators.

The aim of this research is to determine the impact of the influence of price and quality of service on customer satisfaction (case study at Mixue Pasar Bersih branch, Jababeka). The research method used is quantitative using hypothesis testing to analyze the relationship between the variables studied. The population used as research objects are consumers who buy Mixue products at the Jababeka Clean Market. Data analysis was implemented in the form of a questionnaire using the SPSS application with the tests used being the Validity Test and Reliability Test. Total respondents were 113 people from 15 questions, considering the questionnaire answers which stated Strongly Agree 23%, Agree 46%, Normal 24%, Disagree 5%, Strongly Disagree 1%. The results of the research state that X1 has an effect on Y and is supported by variable X2 which also has an effect on Y.

Abstrak. Penelitian ini bertujuan untuk menganalisis dampak penerapan Standar Pelaporan Keuangan Internasional (International Financial Reporting Standards/IFRS) terhadap kinerja keuangan perusahaan. Penerapan IFRS diharapkan dapat meningkatkan transparansi dan kualitas pelaporan keuangan, yang pada gilirannya dapat mempengaruhi keputusan ekonomi dan keuangan yang dibuat oleh manajemen dan pemangku kepentingan. Penelitian ini menggunakan metode kuantitatif dengan menganalisis data keuangan perusahaan sebelum dan sesudah penerapan IFRS. Data yang digunakan meliputi laporan keuangan tahunan dari berbagai sektor industri selama periode waktu tertentu. Hasil penelitian menunjukkan bahwa penerapan IFRS berpengaruh signifikan terhadap beberapa indikator kinerja keuangan, seperti profitabilitas, likuiditas, dan leverage. Temuan ini menunjukkan bahwa standar pelaporan yang lebih tinggi dan konsisten dapat membantu perusahaan dalam mengelola keuangan mereka dengan lebih efektif dan meningkatkan kepercayaan investor. Namun, dampak penerapan IFRS juga bervariasi tergantung pada karakteristik industri dan kebijakan akuntansi yang dianut oleh masing-masing perusahaan. Penelitian ini memberikan kontribusi penting bagi pemahaman tentang bagaimana standar pelaporan internasional dapat mempengaruhi kinerja keuangan perusahaan dan memberikan wawasan bagi regulator, praktisi, dan akademisi dalam pengembangan kebijakan pelaporan keuangan.

This study aims to analyze the effect of company characteristics, audit opinion, capital structure, and ownership structure on company performance with Good Corporate Governance (GCG) as a moderating variable in the textile and garment industry listed on the Indonesia Stock Exchange (IDX) for the period 2018-2022. The results showed that company characteristics have a significant effect on audit opinion, ownership structure, and capital structure, but have no effect on company performance. Audit opinion, capital structure, and ownership structure also have no significant effect on company performance. In addition, GCG cannot moderate the relationship between these variables and company performance. This study emphasizes the importance of internal corporate management and evaluation of GCG implementation to improve the competitiveness of companies in facing global challenges.

Studi ini bertujuan untuk pengujian ilmiah terkait pengaruh karakteristik komite audit, profitabilitas, tingkat utang terhadap penghindaran pajak secara empiris. Purposive sampling digunkana sebagai cara pengambilan sampel memanfaatkan data sekunder berupa laporan tahunan perusahaan subsektor pertambangan batu bara dan mineral yang terdaftar di IDX selama periode 2019-2023. Studi ini menggunakan lima variabel independen meliputi karakteristik komite audit mencakup ukuran diukur dengan total anggota komite, independensi diukur dengan proporsi anggota indpenden terhadap keseluruhan anggota komite dan ahli keuangan diukur dengan proporsi anggota ahli keuangan terhadap keseluruhan anggota komite, profitabilitas menggunakan ROA, dan tingkat hutang menggunakan DAR. Penghindaran pajak sebagai variabel dependen menggunakan ETR. Populasi bersumber dari 37 perusahaan selama 5 tahun, sesuai dengan kriteria sampel  didapat 13 perusahaan sehingga memperoleh 65 sampel untuk diuji. Regresi linier berganda digunakan untuk menganalisis data pada studi. Studi ini menujukkan ukuran komite audit dan ahli keuangan komite audit memengaruhi positif terkait penghindaran pajak. Tingkat utang memengaruhi  negatif terkait penghindaran pajak. Sementara, independensi komite audit dan profitabilitas tidak berpengaruh dengan penghindaran pajak. Studi ini diharapkan membantu manajemen dalam pengambilan keputusan terkait penghindaran pajak dan menyusun kebijakan perusahaan. Pemegang saham perlu mengevaluasi karakteristik komite audit, sementara regulator harus meninjau dan menyesuaikan kebijakan perpajakan untuk mengatasi penghindaran pajak.

This study aims to explore the impact of macroeconomic fundamentals on sustainability disclosure in mining companies listed on the Indonesia Stock Exchange. The research utilizes financial performance, company attributes, and ownership structure as linking variables. The approach used is quantitative, employing secondary data from financial statements and sustainability reports of the companies. The population under investigation includes all mining companies registered on the Indonesia Stock Exchange from 2019 to 2022. The data analysis methods applied include path analysis and regression to examine the relationships between the various factors. It is hoped that the findings of this study will provide deeper insights into the factors influencing sustainability disclosure in the mining sector and offer relevant policy implications for companies and regulators in Indonesia.  

Corporate Social Responsibility Disclosure (CSRD) has an important role for companies, because companies live in the midst of society. Each company has different factors that influence social responsibility disclosure even though the company is still in the same type of business. This research is intended to determine company characteristics that influence corporate social responsibility disclosure (CSRD) in the annual reports of companies in the Food and Beverage sector. The aim of this research is to find out whether company size as proxied by (SIZE), profitability as proxied by (ROA), and leverage as proxied by (DER) have an effect on CSRD. The sample used was 16 companies from 33 companies taken using purposive sampling technique. The results of this research are that there is a significant negative effect on company size, which is proxied by SIZE, on CSRD, profitability, which is proxied by ROA, and leverage, which is proxied by DER, has no effect on CSRD. And simultaneously company size, profitability and leverage influence CSRD in Food and Beverage sector companies listed on the Indonesia Stock Exchange in 2016 - 2020.

Perkembangan teknologi dan perbedaan karakteristik antar generasi memberikan dampak yang cukup signifikan dalam terjadinya persaingan bisnis. Persaingan bisnis menuntut perusahaan untuk terus berinovasi dan bergerak maju dengan tujuan untuk menjaga stabilitas perusahaan. Berdasarkan Teori Pertukaran Sosial, penelitian ini menyelidiki dampak kepemimpinan etis pada perilaku kerja inovatif karyawan, dengan menekankan perspektif holistik kepemimpinan etis. Temuan ini memberikan kontribusi wawasan berharga untuk studi manajemen, khususnya dalam kepemimpinan, perilaku organisasi, dan manajemen sumber daya manusia dalam menghadapi era distruktif. Selain itu, penelitian ini menekankan peran kepemimpinan etis dalam membentuk perilaku kerja yang positif dan inovatif di kalangan karyawan generasi Z, dengan memberikan panduan bagi manajemen organisasi untuk merancang strategi mencegah perilaku yang dapat merusak perilaku kerja inovatif. Penelitian ini menggunakan metode penelitian studi pustaka (library research), melalui pengumpulan data dari berbagai literatur yang terkait dengan topik penelitian.

The aim of this research is to analyze whether there is an influence of Macro Fundamental Analysis, Micro Fundamental Analysis on Company Value with Capital Structure, Company Characteristics and Financial Performance in Service Companies Listed on the Indonesian Stock Exchange in 2019-2023. This research uses quantitative research and the type of data used is secondary data obtained from the results of annual reports of companies listed on the Indonesia Stock Exchange (BEI) for 2019-2023 through the official website of the Indonesia Stock Exchange and other supporting journals related to this research. . The sample used in this research consisted of 6 financial services companies listed on the Indonesia Stock Exchange, whose data were then analyzed using the Smart-PLS version 4 application. The results of this research show that among the proposed hypotheses there are 7 independent variables that have a positive and significant effect on the variables dependent, while the remaining 6 variables have a negative effect on the dependent variable, namely company value

By considering the role of intervening variables, such as ownership structure, financial performance, and company characteristics, this study aims to analyze the impact of macro fundamentals, capital structure, and on firm value in manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the 2019-2023 period. The analytical tool used is Smart-PLS and descriptive quantitative methodology. This study states that ownership structure, macro fundamentals, and capital structure insignificantly affect firm value. In addition, an examination of intervening variables reveals that, in contrast to business characteristics, ownership structure and financial performance moderate the relationship between macro fundamentals, capital structure, and firm value. These results imply that macro fundamentals, capital structure, ownership structure, and financial performance should be considered in evaluating firm value. These results highlight the importance of maintaining an ideal capital structure and improving financial performance for firms to increase firm value.    

This research aims to analyze and test factors that have the potential to influence company value (Y) using quantitative methods with the Partial Least Square (PLS) approach. The data used comes from 10 manufacturing companies listed on the Indonesia Stock Exchange (BEI) during the 2019-2023 period. The variables in this research consist of attachment variables, namely company value (Y), and independent variables, such as Macro Fundamentals (Z1), Micro Fundamentals (Z2), Financial Performance (X1), Company Characteristics (X2), and Financial Leverage (X3 ). The analysis technique used is Partial Least Square (Smart PLS). The research results show that Financial Leverage has a positive but not significant influence on company value, while on financial performance it has a negative and not significant influence. Macro Fundamentals do not significantly affect Financial Leverage, but have an insignificant positive effect on company characteristics, financial performance and company value. Micro Fundamentals have a positive and significant effect on Financial Leverage, company characteristics and financial performance, but are not significant on company value. Company characteristics have a negative and significant effect on financial performance and company value. Financial performance has a positive but not significant effect on company value. This research contributes to the literature by providing empirical evidence regarding the factors that influence firm value in the Indonesian manufacturing sector. These findings can be used by investors, financial analysts, and other stakeholders to gain better understanding in making investment decisions.    

Derverlopmernts irn ther irndustriral world arer currerntly verry rapird, girvirng rirser to tirght compertirtiron for irnverstors or busirnerss actors.  As ther erconomy contirnuers to derverlop, erverry company wants to dermonstrater irts berst capabirlirtirers comparerd to irts compertirtors, so that to boost operratironal perrformancer ther company rerquirrers addirtironal capirtal.Thirs rerserarch airms to erxamirner and analyzer ther irnfluerncer of macro fundamerntals and mircro fundamerntals on firnanciral perrformancer wirth company sirzer, profirt managermernt and company characterrirstircs as irnterrvernirng companirers irn ther food and berverrager subserctor lirsterd on ther Irndonersiran Stock Erxchanger. Thirs study focusers on companirers lirsterd on ther Irndonersira Stock Erxchanger (BErIr), whirch provirders irmportant conterxt consirderrirng ther dynamircs of firnanciral markerts irn Irndonersira. Ther macro fundamerntals analyzerd irncluder erconomirc varirablers such as irnflatiron, irnterrerst raters and erxchanger raters, whirler ther mircro fundamerntals irncluder irnterrnal company factors such as firnanciral ratiros and managermernt stratergirers. Company sirzer irs derterrmirnerd baserd on total asserts, whirler erarnirngs managermernt irs merasurerd through accrual practircers and manirpulatiron of firnanciral statermernts. Company characterrirstircs irncluder ownerrshirp structurer, company ager, and irndustry serctor. Ther populatiron irn thirs study was 30 food and berverrager subserctor companirers lirsterd on ther Irndonersiran Stock Erxchanger. Ther merthod userd irn thirs rerserarch irs random samplirng wirth a sampler sirzer of 3 companirers. Ther data analysirs terchnirquer irn thirs rerserarch users ther Smart PLS (Partiral Lerast Squarer) program verrsiron 4. Ther rerserarch rersults show that of ther 13 hypothersers creraterd, 6 hypothersers werrer accerpterd and 7 hypothersers werrer rerjercterd. Firnanciral perrformancer as four irnterrvernirng varirablers also has irnsirgnirfircant rersults.

Penelitian ini bertujuan untuk mengetahui pengaruh faktor fundamental makro dan mikro terhadap nilai perusahaan dengan mempertimbangkan struktur modal, kinerja keuangan, dan karakteristik perusahaan sebagai variabel intermediasi selama periode 2015-2020. Variabel intervening menjelaskan hubungan antara variabel independen dan dependen, dalam hal ini struktur modal, kinerja keuangan, dan karakteristik perusahaan memberikan gambaran tentang bagaimana nilai perusahaan dipengaruhi oleh variabel makroekonomi dan mikroekonomi. Penelitian ini menggunakan metode kuantitatif dengan data yang dikumpulkan dari sumber seperti BPS, laporan keuangan perusahaan, dan idx.com, dan dianalisis menggunakan Structural Equation Modeling PLS 4. Judul penelitian ini adalah "Analisis Fundamental Makro, Fundamental Mikro terhadap Nilai Perusahaan dengan Struktur Modal, Kinerja Keuangan, dan Karakteristik Perusahaan sebagai Variabel Intervening pada Perusahaan yang bergerak di Sektor Makanan dan Minuman Periode 2015-2020". Hasil penelitian menunjukkan bahwa fundamental mikro berpengaruh positif sebesar 0,372 dan signifikan pada level 0,030 terhadap struktur modal, serta berpengaruh positif sebesar 0,455 dan signifikan pada level 0,044 terhadap nilai perusahaan. Selain itu, kinerja keuangan berpengaruh positif sebesar 0,517 dan signifikan pada level 0,002 terhadap nilai perusahaan. Temuan tersebut menunjukkan bahwa faktor fundamental mikro dan kinerja keuangan berperan penting dalam menentukan nilai perusahaan sektor makanan dan minuman selama periode penelitian.

This research investigates the impact of macroeconomic fundamentals on financial performance and capital structure, with earnings management and firm characteristics as intervening variables, focusing on manufacturing companies listed on the Indonesia Stock Exchange. The macroeconomic fundamentals analyzed include inflation, exchange rates, GDP, and interest rates, which are hypothesized to affect stock returns. Capital structure is measured by the debt-to-equity ratio and the debt-to-asset ratio. Financial leverage is gauged using the interest coverage ratio and the debt-to-operating income ratio. Firm characteristics encompass the company's age, the number of board commissioners, the number of directors, and the number of audit committee members. Financial performance is evaluated using indicators such as EBIT, DFL, DOL, DPR, asset turnover, and EPS growth. The research employs a quantitative method with data analysis conducted using Smart PLS. The results indicate that financial leverage significantly influences firm characteristics and capital structure but does not significantly impact financial performance. Macroeconomic fundamentals significantly affect firm characteristics but do not significantly impact financial performance, earnings management, or capital structure. Firm characteristics significantly influence financial performance but not earnings management. Capital structure significantly affects earnings management but does not significantly impact financial performance. This study aims to provide insights for decision-makers to enhance company financial performance through effective management of capital structure and earnings management.

This research was conducted with the aim of analyzing the influence of macro fundamentals, micro fundamentals, on company value with capital structure, financial performancel and company charactelristics in pharmacelultical indulstry companiels listeld on thel Indonelsian stock elxchangel in 2013-2022. This relselarch is relselarch ulsing Smart PLS4-baseld statistical data analysis melthods. Thel melthod ulseld in thel relselarch is a qulantitativel melthod, and thel data collelcteld is selcondary data on indelpelndelnt and delpelndelnt variablels. This data is takeln from financial relports and annulal relports as welll as othelr intelrnelt soulrcels on thel Indonelsia Stock Elxchangel welbsitel, namelly www.idx.co.id. Thel relselarch relsullts show that macro and micro fulndamelntal factors havel a significant influlelncel on company valulel, with capital strulctulrel and financial pelrformancel acting as meldiators that strelngtheln or welakeln this rellationship. Company charactelristics welrel also foulnd to play an important rolel in deltelrmining company valulel, elspelcially in thel contelxt of sizel and produlct divelrsification. Thel implications of this relselarch providel insight for pharmacelultical company managelrs and invelstors relgarding thel importancel of paying attelntion to fulndamelntal factors in making stratelgic delcisions. Thel relsullts of this relselarch also show thel importancel of adaptivel policiels to macroelconomic changels to maintain and increlasel company valulel in thel pharmacelultical indulstry in Indonelsia.

Penelitian ini bertujuan untuk mengetahui bagaimana hubungan antara fundamental makro dan fundamental mikro terhadap kinerja keuangan dengan struktur kepemilikan dan karakteristik perusahaan sebagai variabel intervening pada 6 dari 87 perusahaan sektor energi yang tercatat pada Bursa Efek Indonesia (IDX). Metode penelitian yang digunakan yaitu metode kuantitatif dengan purposive sampling. Pengujian dilakukan menggunakan aplikasi SmartPLS versi 4 dengan populasi data sebanyak 30 data yang diperoleh dari 6 perusahaan yang dipilih dengan periode per perusahaan 2019-2022. Terdapat 9 hipotesis dalam penelitian ini. Dari 9 hipotesis, terdapat 2 hipotesis yang berpengaruh secara signifikan dan 7 tidak berpengaruh secara signifikan. Struktur Kepemilikan dan Karakteristik Perusahaan sebagai variabel intervening Fundamental Makro dan Fundamental Mikro terhadap Kinerja Keuangan perusahaan tidak berpengaruh secara signifikan.