Jurnal Keuangan dan Bisnis

THE EFFECT OF GREEN ACCOUNTING, MATERIAL FLOW COST ACCOUNTING, AND ECO-EFFICIENCY ON SDGS DISCLOSURE: CSR AS A MODERATING VARIABLE

Nur Amalina Widya Pangestika, Dien Noviany Rahmatika, Budi Susetyo — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study examines whether green accounting, material flow cost accounting (MFCA), and eco-efficiency influence Sustainable Development Goals (SDGs) disclosure, and tests corporate social responsibility (CSR) as a moderating variable in these relationships

Design/Methodology/Approach: A quantitative design is employed using a purposive sample of 27 mining subsector companies listed on the Indonesia Stock Exchange (IDX) over 2020–2024 (135 firm-year observations), with moderated regression analysis (MRA) applied to annual and sustainability report data.

Findings: Green accounting and eco-efficiency exhibit significant negative effects on SDGs disclosure, while MFCA shows no effect; CSR strengthens the effects of green accounting and eco-efficiency but does not moderate the MFCA–SDGs link.

Practical Implications: Green accounting should be positioned as a strategic stakeholder communication device rather than mere compliance with programmatic ratings; MFCA needs to be integrated with resource-efficiency governance and environmental cost allocation; and eco-efficiency should be embedded in holistic sustainability strategies aligned with GRI-based SDGs mapping and strengthened CSR policies.

Originality/Value: By focusing on high-impact mining firms, the study clarifies mixed evidence on whether environmental management instruments (green accounting, MFCA, eco-efficiency) translate into broader SDGs disclosure, and identifies CSR’s boundary-spanning role as a governance mechanism in emerging markets.

STRUKTUR MODAL, UKURAN, DAN KINERJA KEUANGAN TERHADAP NILAI PERUSAHAAN: PERAN TATA KELOLA SEBAGAI PEMODERASI

Eka Alfiyah Nurrochmi, Dien Noviany Rahmatika, Budi Susetyo — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study investigates the effects of capital structure, firm size, and financial performance on firm value, and examines the moderating role of institutional ownership in Indonesian conventional banks.

Design/Methodology/Approach: A quantitative approach was applied using secondary data from 42 conventional banks listed on the Indonesia Stock Exchange (IDX) during 2020–2024, totaling 210 firm-year observations. The data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA) with SPSS version 25.

Findings: Capital structure, firm size, and financial performance significantly affect firm value. Institutional ownership significantly moderates the effect of firm size on firm value with a negative direction, indicating that higher institutional control can weaken the size–value relationship.

Practical Implications: Bank managers should balance debt and equity structures and maintain transparency with institutional investors to optimize firm value.

Originality/Value: This study extends corporate governance research by integrating institutional ownership as a moderating variable in the firm value model within a regulated emerging-market banking sector.

CARBON EMISSION DISCLOSURE, GREEN INNOVATION, STAKEHOLDER PRESSURE, ISO 14001, DAN GCG TERHADAP NILAI PERUSAHAAN

Nur Mala Sari, Dewi Indriasih, Fahmi Firmansyah — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study examines the effects of carbon emission disclosure, green innovation, stakeholder pressure, and ISO 14001 certification on firm value, with good corporate governance as a moderating variable in energy companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024.

Design/Methodology/Approach: A quantitative approach was applied using secondary data from 45 purposively selected firms, totaling 225 firm-year observations. Data were analyzed using multiple linear regression and moderated regression analysis (MRA) with IBM SPSS 22.

Findings: Carbon emission disclosure and ISO 14001 certification positively affect firm value, while green innovation and stakeholder pressure show no significant impact. Good corporate governance weakens the effects of all four variables on firm value.

Practical Implications: Companies should strengthen governance and environmental transparency to enhance corporate value and credibility.

Originality/Value: This study contributes to sustainability and governance research by evidencing the weakening moderating role of good corporate governance in Indonesia’s energy sector.

KARAKTERISTIK PENGUSAHA, PENGGUNAAN SISTEM PENGUKURAN KINERJA STARTEGIS: BUDAYA INOVASI SEBAGAI VARIABEL MODERASI

Antonius Singgih Setiawan, Indrian Supheni, Delfi Panjaitan — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study aims to examine the relationship between entrepreneur characteristics and the use of strategic performance measurement systems and innovation culture. The influence of innovation culture on the use of strategic performance measurement systems, as well as how innovation culture moderates the relationship between entrepreneur characteristics and the use of strategic performance measurement systems.

Design/Methodology/Approach: Using a sample of 178 respondents (response rate 89%) with entrepreneur respondents in the city of Palembang, the research hypothesis was tested using Structural Equation Modeling (SEM) Partial Least Squares (PLS) analysis with Smart PLS software version 4.0.

Findings: The findings of this study conclude that entrepreneur characteristics positively influence the use of strategic performance measurement systems. Entrepreneur characteristics influence the culture of innovation. Although the study failed to prove the influence of innovation culture on the use of strategic performance measurement systems, the results of this study successfully demonstrated the moderating role of innovation culture in the relationship between entrepreneur characteristics and the use of strategic performance measurement systems.

Practical Implications: An important implication of the findings of this study is that there is a linear relationship between the characteristics of entrepreneurs who are oriented towards open and strategic thinking, which will ultimately view the development of a culture of innovation as a necessity in developing a business venture.

Originality/Value: The original contribution of this study is the interaction between innovation culture and entrepreneurial characteristics, which has not been explored in many strategic management accounting studies. Therefore, the results of this study are expected to add to the literature in strategic management accounting studies.

GOOD CORPORATE GOVERNANCE, CAPITAL INTENSITY, PROFITABILITY, AND FINANCIAL DISTRESS: THEIR INFLUENCE ON TAX AGGRESSIVENESS

A. Zani Bachtiar, Dewi Indriasih, Yanti Puji Astutie — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study examines the influence of Good Corporate Governance (GCG), capital intensity, profitability, and financial distress on tax aggressiveness in property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2024.

Design/Methodology/Approach: A quantitative method was applied using multiple linear regression to test the proposed hypotheses. GCG was proxied by independent commissioners, audit committees, and institutional ownership.

Findings: The results indicate that GCG, capital intensity, and financial distress have no significant effect on tax aggressiveness, while profitability has a negative and significant effect. The findings suggest that higher profitability reduces the tendency for aggressive tax behavior.

Practical Implications: The study emphasizes the importance of strengthening governance mechanisms and transparency to prevent opportunistic tax practices.

Originality/Value: This research contributes to the understanding of how corporate governance and firm characteristics affect tax aggressiveness in emerging markets.

EXPLORING HOW E-WOM AND ETHICAL SELF-IDENTITY MEDIATE THE IMPACT OF CONSUMER VALUES ON GREEN LUXURY FASHION PURCHASE INTENTION

Rizni Aulia Qadri, Serly Serly, Lily Purwianti — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study investigates the effects of environmental, social, functional, and personal values on consumers’ purchase intentions toward luxury fashion, with ethical self-identity and electronic word-of-mouth (e-WOM) serving as mediating variables.

Design/Methodology/Approach: A quantitative research design was applied using Partial Least Squares–Structural Equation Modeling (PLS-SEM). Data were collected from 468 social media users who expressed interest in luxury fashion consumption.

Findings: The results indicate that environmental, social, and functional values positively influence ethical self-identity, while social, functional, and personal values significantly enhance social media engagement. Furthermore, e-WOM mediates the relationship between social value and purchase intention, suggesting that perceived social recognition is transformed into online advocacy, which ultimately strengthens consumers’ willingness to purchase sustainable luxury fashion.

Practical Implications: These findings offer insights into how consumer value perceptions and online interactions jointly shape purchase intentions within the sustainable luxury context. The results may guide brand managers in developing strategies that integrate sustainability communication and consumer engagement through digital platforms.

Originality/Value: This study contributes to sustainable luxury research by integrating two mediating mechanisms ethical self-identity and e-WOM into a single structural framework. Unlike prior studies that examined luxury values independently or without behavioral linkages, this research elucidates how value perceptions are transmitted through ethical self-definition and digital advocacy before influencing purchase intentions, thereby offering a more holistic understanding of sustainable luxury consumption dynamics.

KESEIMBANGAN HIDUP DAN KELELAHAN EMOSIONAL SEBAGAI PENENTU KINERJA PERAWAT RUMAH SAKIT SWASTA

Rosalina Mettatirtha, Agatha Septiana — Wed, 29 Oct 2025 00:00:00 +0000

Purpose: This study aims to examine the effects of work life balance and emotional exhaustion on in-role performance among nurses working in private hospitals in Palembang City. The research highlights the significance of maintaining life work balance and managing emotional fatigue in enhancing nurses’ performance effectiveness.

Design/Methodology/Approach: A quantitative research approach was employed using a survey method. Data were collected from 112 nurses across various private hospitals in Palembang. Multiple linear regression analysis was performed using SPSS to test the direct relationships among variables.

Findings: The results reveal that work life balance has a positive and significant effect on in-role performance, whereas emotional exhaustion has a negative and significant effect. These findings suggest that balanced work–life integration improves nurses’ job performance, while emotional fatigue reduces their motivation, focus, and productivity.

Practical Implications: The results emphasize the need for hospital management to develop human resource policies that promote work–life balance and emotional well-being, such as optimized shift scheduling, supportive leadership, and psychological support programs. These efforts can enhance nurses’ performance and service quality in healthcare institutions.

Originality/Value: This study contributes to human resource management literature in the healthcare sector by integrating psychological and behavioral dimensions work life balance and emotional exhaustion as dual determinants of in-role performance. It provides empirical insights into the performance dynamics of nurses in Indonesia’s private hospital context.