Journal of Business And Entrepreneurship
Jurnal Bisnis dan Kewirausahaan (Journal of Business and Entrepreneurship) is the official journal of the Faculty of Business, Sampoerna University, based in Jakarta, Indonesia. The journal is currently accredited SINTA-4 by the Ministry of Education, Culture, Research, and Technology of the Republic of Indonesia. Published twice annually (in May and November), it is a double-blind peer-reviewed journal (where the identities of both authors and reviewers are concealed) dedicated to the publication of original research papers. Since 2020, the journal has moved exclusively to an online-only publication format.
ROLE OF ENTREPRENEURIAL CULTURE IN ENHANCING APPRENTICESHIP PROGRAMS AND PROMOTING YOUTH-DRIVEN BUSINESS CREATION IN NIGERIA
Apprenticeship also contributes significantly to the creation of venture in Nigeria among the youth, as it gives them practical experiences of doing business that complement their theoretical entrepreneurship training; helps them to discover the real business operations and the strategies of handling customers and their problems. This study explores the mediating effects of entrepreneurial culture on the augmentation of apprenticeship system and creation of youth-led ventures in Nigeria. Survey questionnaire was administered to 389 respondents from the four vocational centers in Lagos. Path analysis structural equation modeling (PA-SEM) was applied for data analysis using STATA statistical software package version 15. Results show there is a significant relationship between the apprenticeship system and venture creation; gender norms perceived, celebrity endorsement and the cultural belief about expected behavior individually predict venture creation, but the variables indirectly affect venture creation in partial mediation of their relation to apprenticeship training.
Copyright (c) 2025 Journal of Business And Entrepreneurship
DOES SUSTAINABILITY REPORTING INFLUENCE FIRM PROFITABILITY? EVIDENCE FROM INDONESIA'S METALS AND MINERALS SUB-SECTOR
This study examines the effect of sustainability reporting, covering economic, environmental, and social disclosure, on corporate profitability, proxied by return on equity (ROE), for companies in the metals and minerals sub-sector listed on the Indonesia Stock Exchange during the 2020 to 2024 period. Employing a quantitative explanatory approach, the study applies purposive sampling and 30 firm-year observations. Panel data regression analysis is used to test the proposed relationships. The findings show that, individually, economic and environmental disclosure do not significantly influence ROE, whereas social disclosure has a positive and significant impact. However, simultaneously, the three dimensions of sustainability reporting collectively exert a positive and significant influence on profitability. These results suggest that social responsibility initiatives play a more prominent role in enhancing firm profitability. At the same time, integrated sustainability reporting contributes to overall financial performance in the metals and minerals sub-sector.
Copyright (c) 2026 Journal of Business And Entrepreneurship
THE ROLE OF SERVICE EMPLOYEES IN CULTURAL CAPITAL ENHANCEMENT WITHIN A THEMATIC DESSERT BAR IN NORTH JAKARTA
The growing trend of thematic food and beverage establishments highlights a shift toward experience-driven consumption; however, limited attention has been given to how service employees contribute to the creation of cultural value within such settings. This study aims to examine the role of service employees in enhancing cultural capital within a thematic dessert bar context, using Zoé Dessert Bar in North Jakarta as a case study. A descriptive exploratory approach was employed using survey data collected from 352 respondents through purposive sampling. The findings indicate that customer preferences are strongly influenced by experiential elements such as ambiance, uniqueness, and narrative-based service. More importantly, service employees play a central role as cultural intermediaries who translate thematic concepts into meaningful interactions, facilitating customers’ engagement with symbolic and cultural value. This study contributes to the literature by demonstrating that cultural capital is not only an outcome of consumption but is actively co-created through employee–customer interactions. The findings also highlight the importance of human resource strategies that emphasize storytelling ability, cultural literacy, and interpersonal skills in delivering thematic service experiences.
KAJIAN LITERATUR: EKSPLORASI KARAKTERISTIK DAN GAYA KEWIRAUSAHAAN GENERASI Z DI PLATFORM E-COMMERCE INDONESIA
This study examines the entrepreneurial characteristics and styles of Generation Z in conducting business activities on E-Commerce platforms in Indonesia. The research is motivated by rapid digital technological development that has transformed entrepreneurial patterns, particularly among Generation Z as digital natives. Using a Systematic Literature Review (SLR) with the PRISMA approach, this study ensures a structured and transparent review process. Data were obtained from the Scopus database, focusing on publications from 2020-2025 using the keywords “Generation Z,” “entrepreneurship,” and “digital.” Seven selected articles were analyzed thematically. The results show that Generation Z demonstrates strong entrepreneurial traits such as digital self-efficacy, creativity, adaptability, and innovation orientation. Their entrepreneurial style emphasizes technopreneurship, utilizing social media, artificial intelligence, and digital literacy. These findings underscore the need for digital-based entrepreneurship education and a supportive ecosystem in Indonesia. Penelitian ini bertujuan mengeksplorasi karakteristik dan gaya kewirausahaan Generasi Z dalam menjalankan bisnis pada platform e-commerce di Indonesia. Latar belakang penelitian didasari oleh pesatnya perkembangan teknologi digital yang mengubah pola kewirausahaan, khususnya pada Generasi Z sebagai digital native. Metode yang digunakan adalah Systematic Literature Review (SLR) dengan pendekatan PRISMA untuk memastikan proses penelusuran dan analisis literatur yang sistematis dan transparan. Data diperoleh dari basis data Scopus pada periode 2020-2025 menggunakan kata kunci “Generation Z,” “entrepreneurship,” dan “digital.” Tujuh artikel terpilih dianalisis secara tematik. Hasil penelitian menunjukkan bahwa Generasi Z memiliki efikasi diri digital tinggi, kreatif, adaptif terhadap teknologi, serta berorientasi pada inovasi dan dampak sosial. Gaya kewirausahaannya cenderung technopreneurship dengan pemanfaatan media sosial, kecerdasan buatan, dan literasi bisnis digital.
PENGARUH AUDIT FIRM SIZE, COMPANY SIZE, COMPANY RISK, DAN PROFITABILITY TERHADAP AUDIT FEE
Companies in the Basic Materials sector face increasing demand for audit transparency, making it essential to understand the determinants of audit fees. Strategic factors such as the characteristics of the audit firm and the company itself have been widely acknowledged as crucial elements influencing audit pricing. This study examined the effect of Audit Firm Size, Company Size, Company Risk, and Profitability on Audit Fee among Basic Materials companies listed on the Indonesia Stock Exchange (IDX) for the 2022–2024 period, adopting a quantitative approach. Secondary data were obtained from audited annual reports available on the IDX and official company websites. Using purposive sampling, a total of 42 companies over three years generated 126 observations. Multiple linear regression analysis was conducted using SPSS version 31, supported by descriptive statistics, classical assumption tests, the coefficient of determination test, the F-test, and the t-test. The results indicate that Audit Firm Size and Company Size significantly affect Audit Fee, while Company Risk and Profitability do not show a significant influence. Hence, the study recommends that company management consider the structure and scale of both audit firms and companies when estimating audit costs. Future researchers are encouraged to incorporate additional variables such as firm complexity and audit tenure, which may further explain variations in audit fees.
TEKNIK PBBL: MODEL PENYEDERHANAAN DALAM PENYUSUNAN LAPORAN LABA RUGI UNTUK UMKM
This study aims to develop and evaluate the effectiveness of the PBBL method (Pendapatan, Bahan Baku, Biaya Lain, and Laba/Rugi – Revenue, Raw Materials, Other Expenses, and Profit/Loss) as a simplified financial recording model designed specifically for Micro and Small Enterprises (MSEs). The study was motivated by the persistent issue of low accounting literacy among MSEs in Indonesia, which has caused most business owners to be unable to determine their monthly profits accurately. Using a developmental research approach, this study was conducted in three stages: (1) identifying problems through interviews with ten MSE owners in Jakarta, (2) designing the PBBL technique based on the principle of accounting simplicity, and (3) conducting a limited field trial involving twenty-five MSEs through an implementation and mentoring program facilitated by STIE Wiyatamandala students. Findings reveal that all interviewed MSE owners lacked proper financial records and only relied on daily cash inflows to assess performance. The implementation of the PBBL method significantly improved financial awareness and recordkeeping discipline. The main challenges identified were inconsistent recordkeeping habits and difficulties in estimating month-end inventory values. Overall, this study concludes that the PBBL method serves as an effective transitional accounting model that enhances financial literacy and profit awareness among MSEs. It can be adopted as a practical, relevant, and educational tool in community-based financial empowerment programs.
CHARACTERISTICS OF CORPORATE GOVERNANCE AND SUSTAINABILITY REPORTING WITH PROFITABILITY AS MODERATING
The information disclosed through the company's Sustainability Reporting report transparently will make it easier for stakeholders to know how the company carries out its activities and find out what impacts actually occur in the environment around the Company.This study examines the influence of Corporate Governance, Sustainability Report Disclosure moderated with profitability variables. This study uses data on 34 companies that participated in the Asia Sustainability Reporting Rating for the 2019-2023 period with secondary analysis using quantitative methods. This study examines the influence of Corporate Governance, Sustainability Report Disclosure moderated with profitability variables. This study uses data on 34 companies that participated in the Asia Sustainability Reporting Rating for the 2019-2023 period with secondary analysis using quantitative methods. The results of this study explain that the Audit Committee has no effect on Sustainability Report Disclosure, the Board of Commissioners has a positive effect on Sustainability Report Disclosure, the Board of Directors has a positive effect on Sustainability Report Disclosure, then profitability strengthens the relationship between the Audit Committee and the board of commissioners towards Sustainability Report Disclosure while profitability does not moderate the board of directors towards Sustainability Report Disclosure
DRIVING SCHOOL TRANSFORMATION THROUGH LEADERSHIP, INNOVATION, AND COLLABORATION: EVIDENCE FROM ST. PAUL SCHOOL, SUNTER JAKARTA
This study explores how transformational leadership and educational innovation influence team success through stakeholder collaboration at St. Paul School, Sunter Jakarta. Using a quantitative research design with data from 110 respondents analyzed through PLS-SEM, the study reveals that transformational leadership does not directly enhance team success but exerts a significant indirect effect through stakeholder collaboration, indicating full mediation. Conversely, educational innovation demonstrates both direct and indirect positive effects on team success, suggesting partial mediation. These findings emphasize that leadership vision and innovation must be supported by strong collaborative engagement among teachers, parents, alumni, and the school foundation to achieve sustainable improvement. Theoretically, the results validate the integration of Transformational Leadership Theory, Innovation Diffusion Theory, and Stakeholder Theory, showing that collaborative synergy serves as the key mechanism driving school transformation and collective performance.
Transformational leadership, educational innovation, stakeholder collaboration, team success, school transformation
CAPITAL STRUCTURE AND EARNINGS VOLATILITY AND CASH FLOW EVIDENCE FROM ASEAN COMMERCIAL BANKS
This research aims to observe the impact of capital structure on earnings volatility and cash flow of commercial banking companies in ASEAN country. This research uses yearly secondary data of company’s financial report from 2015-2024 period. The variables studied in this research are aspects of the capital structure of banking companies, included Debt to Equity Ratio, Debt to Assets Ratio, and Deposits to Equity ratio, and as well as Earnings Volatility, Operating Cash Flow, and Operating Cash Flow Volatility. The data was analyzed using panel data method, specifically using Driscoll Kraay robust standard error with Fixed Effect Model. The results of this research showed that Debt to Assets Ratio, Debt to Equity Ratio, and Deposits to Equity Ratio each had a significant impact on Earnings Volatility, Operating Cash Flow, and Operating Cash Flow Volatility.
BUSINESS PLAN FOR MOTORCYCLE BODY AND WHEEL PRESS WORKSHOP: MARKET ANALYSIS, OPERATIONAL STRATEGY, AND FINANCIAL FEASIBILITY
This study presents a comprehensive business plan for Andika Tech, a specialized body and wheel press workshop. The plan is based on market analysis, customer needs, operational strategies, and financial feasibility to assess the potential sustainability and profitability of the business. Key market opportunities arise from the increasing number of motor vehicles, high accident rates, and the limited availability of specialized workshops. Andika Tech differentiates itself by utilizing precision press technology without heating or hammering, supported by trained owners as technicians, comfortable facilities, and pick-up and delivery services. Marketing strategies leveraging social media aim to enhance customer awareness and expand market reach. Financial analysis indicates positive outcomes across pessimistic, moderate, and optimistic scenarios, with Net Present Value (NPV) ranging from IDR 191,619,000 to IDR 646,578,000, Internal Rate of Return (IRR) from 5% to 13% per month, and Payback Period (PP) from 8 to 15 months. The business is not only financially viable but also contributes socially by creating job opportunities, improving local technician skills, and promoting efficient and affordable vehicle repair services.
THE INFLUENCE OF WOMEN'S LEADERSHIP ON INNOVATION CAPABILITY AND PERCEIVED SUBORDINATE SUPPORT (A PRELIMINARY STUDY)
This study investigates the relationships between women’s leadership, perceived subordinate support, and innovation capability within organizations in Jakarta, Indonesia. Despite a growing body of research on leadership and innovation, there remains a gap in understanding the specific contributions of women leaders and how subordinate support influences their effectiveness. Using a purposive sample of female leaders and employing a Structural Equation Modeling (SEM) approach with Partial Least Squares (PLS) analysis, the research tested three key hypotheses. The preliminary findings revealed a statistically significant positive relationship between women’s leadership and both innovation capability and perceived subordinate support. However, no direct, statistically significant relationship was found between perceived subordinate support and innovation capability. The results suggest that women leaders play a powerful and foundational role in an organization by fostering a supportive environment that, in turn, may indirectly influence innovation. This study contributes to the literature by highlighting the direct impact of women’s leadership on key organizational outcomes, while also serving as a preliminary basis for future research on the mediating role of subordinate support.
Batik Indonesia MSMEs in the Digital Era: Innovating Tradition, Overcoming COVID-19
The COVID-19 pandemic has profoundly impacted Batik’s Micro, Small, and Medium Enterprises (MSMEs) in Indonesia, particularly in regions such as Sumenep, Yogyakarta, Lasem, Solo, and Pekalongan. This paper examines the common challenges faced by these enterprises, including a significant decline in sales due to tourism closures, supply chain disruptions leading to increased raw material costs, and financial instability characterized by liquidity crises and salary deferrals. In response, various regional strategic adaptations have emerged, with MSMEs leveraging digital platforms like WhatsApp and Instagram for sales, while others have piloted e-commerce initiatives despite facing technical skill gaps. Government interventions, including subsidies for digital infrastructure and facilitation of SNI certification, have aimed to bolster the resilience of these enterprises. The findings reveal that while the pandemic accelerated digital adoption, it also exposed systemic gaps such as inequitable access to online tools and skill deficits among MSMEs. The reliance on pre-existing community networks has proven crucial for resilience, particularly in Solo, where social capital has facilitated bulk orders and community support. Contrary to traditional economic theories emphasizing price elasticity, the survival of these enterprises has hinged more on non-monetary strategies, such as customer engagement through social media. In conclusion, while Batik MSMEs have demonstrated remarkable adaptability, structured support is essential for their continued recovery and growth. Recommendations include expanding digital infrastructure training, providing tailored financial aid, and integrating cultural preservation into national tourism recovery plans. Future research should explore the longitudinal impacts of digital transformation on cultural authenticity within the MSME sector, contributing to a more comprehensive understanding of the interplay between economic resilience and cultural heritage in the face of global challenges.
Batik, COVID-19, MSMEs, digital adoption, social media, economic resilience, cultural preservation, Indonesia
THE IMPACT OF ECONOMIC EDUCATION ON THE ENTREPRENEURIAL MINDSET OF STUDENTS OF STATE UNIVERSITY OF SURABAYA
Economic education is very important to shape the entrepreneurial mindset of students. The purpose of this study is to find out how economic education has an impact on the development of entrepreneurial mindset of students of the State University of Surabaya. This research uses a qualitative approach, namely collecting data through observation and in-depth interviews with students enrolled in entrepreneurship courses. Research shows that students gain a better understanding of financial management, business concepts and market strategies compared to students who do not have formal economic education, students who are exposed to economic materials are more likely to develop business innovations and take risks. Lack of hands-on experience and limited access to business resources are some of the obstacles that hinder the application of economic theory into entrepreneurial practice. This research helps educational institutions strengthen students’ entrepreneurial thinking by creating a curriculum that is more applicable and experience-based.
WHAT IS THE IMPACT OF MONEY SUPPLY, INFLATION, AND EXCHANGE RATE ON ECONOMIC GROWTH IN NIGERIA UNDER APC GOVERNANCE (2015–2023)?
This paper discusses the correlation between the major macroeconomic factors of money supply, inflation rate, and exchange rate with the economic growth in Nigeria under the All Progressives Congress (APC) government from 2015 to 2023. This was a time when there was the constant inflationary pressure, exchange rate fluctuation, and the continuous increase in money supply, which put people into question on how they were able to stimulate real economic growth. The research design adopted is ex-post facto research design based on the annual secondary data collected on the Central Bank of Nigeria (CBN) Statistical Bulletin. The effect of money supply, inflation rate and the exchange rate on Real Gross Domestic Product (RGDP) was assessed using multiple regression analysis using Ordinary Least Squares (OLS). Statistical analysis was done through IBM SPSS with the help of descriptive statistics and diagnostic tests to determine the reliability of the model. The results indicate that money supply and inflation rate have negative but statistically non-significant relationships with economic growth. Exchange rate has a positive correlation with RGDP and is near to being statistically significant, indicating that currency depreciation might have given weak growth stimulus over the period. Altogether, the results suggest that monetary policy did not play a crucial role in stimulating economic growth during the APC rule. The paper suggests that policymakers need to go beyond monetary policies and implement structural and institutional reforms in order to attain sustainable economic growth.
REFINING ORGANISATIONAL COMMITMENT AND EFFECTIVENESS THROUGH THE JOHARI WINDOW MODEL: A CONCEPTUAL REVIEW
Organizations are increasingly challenged with promoting employee commitment and sustainable effectiveness due to poor communication, low interpersonal trust, and deficient employee self-awareness. These issues are usually exacerbated with a rigid organizational culture that stifles openness and constructive feedback. This conceptual paper discusses the Johari Window model as a strategic instrument for solving these organizational challenges. The study, based on a broad spectrum of recent research, discusses how self-awareness, feedback mechanisms, and interpersonal dynamics, fundamental pillars of the Johari Window, would affect human resources management. The research based on the review indicates that the Johari Window ensures employee commitment by enhancing self-awareness and formal feedback, which deepens affective and normative organizational bonds. The model also ensures organizational effectiveness by enhancing interpersonal trust and improving communication, collaboration, and team cohesion. It also has practical applications for HR practices, for example, onboarding, leadership development, and performance management. The research concluded that implementing the Johari Window within organizational culture greatly improves employee engagement and organizational performance. It thus recommends that organizations embed feedback culture, embed the model in leadership development, and create psychological safety for long-term success.
PRODUCT DISTRIBUTION STRATEGY AND PERFORMANCE OF PHARMACEUTICAL COMPANIES IN SOUTH-WEST, NIGERIA
Despite the increasing importance of strategic marketing practices in attaining long-term performance, many pharmaceutical industries in Nigeria struggle to embrace and effectively implement these practices in alignment with ever-changing market conditions. Therefore, the study seeks to examine the effect of product distributions strategies on the performance of pharmaceuticals in South-West Nigeria. The number of staff in some selected pharmaceutical companies was given as 3,831. Therefore, 370 respondents were taken as an adequate sample size for the study. A convenience sampling method was used. The study was driven by primary data. The data were analyzed using regression analysis as an analytical tool. The finding reveals an R2 of 0.747, which indicates a significant effect. Consequently, the study established that distribution strategies (exclusive distribution, extensive distribution, and selective distribution) influence the performance of selected Pharmaceuticals in the southwest region of Nigeria. The study concluded that pharmaceutical performance in the South-West depends on distribution strategies, exclusive distribution, extensive distribution, and selective distribution). The study therefore recommends that pharmaceutical companies in Nigeria that seek improved sales growth should adopt exclusive distribution, extensive distribution, and selective distribution to move their products to potential consumers.
The Impact of BI 7-Day Reverse Repo Rate Announcements on the IDX80 Index During 2023 to 2024
This study examined the impact of Bank Indonesia's 7-Day Reverse Repo Rate (BI-7DRR) change announcements on market reactions among companies listed in the IDX80 index during the 2023-2024 period. The research employs a total sampling method, encompassing all companies included in the IDX80 index throughout the study period. Secondary data were utilized, consisting of daily stock prices, trading volumes, and interest rate data obtained from the official websites of the Indonesia Stock Exchange (IDX) and Bank Indonesia (BI). Data collection was conducted through documentation methods, involving the downloading and recording of relevant data. Secondary data was collected and analyzed using SPSS 25 software through statistical methods. The data analysis process includes several stages: descriptive statistical analysis and wilcoxon signed ranks testing. The results indicate that abnormal returns show no statistically significant differences between pre- and post-announcement periods across all four events, trading volume activity presents a more nuanced pattern. Significant variations in trading volume emerge for the first and fourth events, suggesting heightened investor activity following these announcements. In contrast, the second and third events show no observable change in trading volume, indicating potentially different market perceptions or contextual factors influencing these particular announcements.
Transformasi Praktik Akuntansi dan Laporan Berkelanjutan Melalui Asuransi Karbon
The study presented in this paper examines how carbon accounting can be implemented as a part of a company sustainable strategy, bringing changes to accounting practices to address global challenges such as climate change. Carbon accounting is crucial for measuring and reporting the greenhouse gas (GHG) emissions emitted by either human or business activites. This reasearch uses a quantitative descriptive method with secondary data obtained from Sustainablity Reports in 2023 of companies listed on Indonesia Stock Exchange. Our findings show that companies apply various methods to calculate their GHG emissions. These methods include the Greenhouse Gas Protocol guidelines, the Global Reporting Initiative (GRI), and other international standards. They cover the measurement of Scope 1, 2, and 3 emissions as well as the deployment of low-carbon technologies in the transition to renewable energy. Our study also recommends that companies enhance the transparency and efficiency of their sustainability reporting by strengthening their carbon accounting frameworks.
Detecting Potential Fraudulent Financial Reporting Through Hexagon Fraud in Indonesia Insurance Companies
The research aims to determine the influence of fraud hexagon elements on detecting fraudulent financial reporting. The fraud hexagon is a model for detecting fraud in financial reporting proposed by Vousinas in 2019. The model comprises six elements: pressure, opportunity, rationalization, capability, arrogance, and collusion. These elements are measured using financial stability and external pressure (pressure), nature of the industry and ineffective monitoring (opportunity), change in auditor (rationalization), change of director (capability), frequent number of Chief Executive Officer (CEO) pictures (arrogance), and political connection (collusion). The study used a sample of 85 observations from 17 insurance companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023 and investigated by using ordinary least squares regression. The results show that all elements of the fraud hexagon significantly influence fraudulent financial reporting, with collusion appearing to be the strongest influence. Therefore, it is recommended that the fraud hexagon elements be considered as fraud monitoring and prevention strategies.
Fraud Hexagon Elements, Fraudulent Financial Reporting, Collusion
Fraudulent financial reporting in business
Analyzing Gen Z’s Intention to Use Digital Banking: The RolePerceived Usefulness, Attitude, and Perceived Behavioral Control
The purpose of this study is to analyze the factors that influence the behavior of Generation Z in the Jabodetabek region when using digital banking services. In this study, the three primary variables that evaluate perceived usefulness, attitude, and perceived behavioral control. Data collection was conducted through a convenience sampling method, with respondents selected from the Z generation in Jabodetabek. The data that was collected was subsequently analyzed using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) method with the SmartPLS4 to evaluate the relationship between the variables. This study has shown that a higher likelihood of intention to use digital banking services is associated with an increase in perceived usefulness, attitude, and perceived behavioral control regarding digital services. The findings of this study offer the banking sector valuable insights for the development of more effective strategies to stimulate the adoption of digital banking among Generation Z, particularly in the Jabodetabek region.
Digital Banking; Efficiency; Security; Customer; Satisfaction
Mewaspadai Praktik Greenwashing Dalam Implementasi ESG
Keberlanjutan (sustainability) telah menjadi isu penting dalam dunia bisnis, mendorong perusahaan untuk mengadopsi praktik ramah lingkungan. Di Indonesia, meskipun kesadaran mengenai keberlanjutan masih berkembang, tren ini menunjukkan peningkatan yang signifikan. Seiring dengan itu, fenomena greenwashing muncul sebagai upaya perusahaan untuk menyesatkan konsumen tentang klaim ramah lingkungan yang tidak didukung oleh tindakan nyata. Praktik ini tidak hanya merusak kepercayaan konsumen, tetapi juga berdampak pada reputasi perusahaan dalam jangka panjang. Penelitian ini bertujuan untuk mengkaji fenomena greenwashing di Indonesia, menjelaskan faktor-faktor penyebabnya, serta dampaknya terhadap kepercayaan konsumen dan kinerja keuangan perusahaan. Metode yang digunakan dalam penelitian ini adalah pendekatan kualitatif dengan analisis konten dari data sekunder yang diperoleh melalui artikel berita dan jurnal. Hasil penelitian menunjukkan bahwa meskipun regulasi ESG (Environmental, Social, and Governance) telah diterapkan di Indonesia, praktik greenwashing masih marak terjadi, dengan perusahaan-perusahaan seperti Nestle, Shell, dan Adaro Energy sebagai contoh kasus. Greenwashing sering kali digunakan untuk meningkatkan citra perusahaan tanpa komitmen nyata terhadap keberlanjutan, yang berisiko merusak kepercayaan konsumen dan reputasi perusahaan. Oleh karena itu, peran media dan kesadaran publik sangat penting dalam mengawasi praktik-praktik misinformasi terkait keberlanjutan.
Sustainability; Greenwashing; Implementasi ESG
Copyright (c) 2024 Journal of Business And Entrepreneurship
Analisis Penerapan PSAK 224 pada Grup LIPPO yang Terdaftar di Bursa Efek Indonesia
A lot of companies in Indonesia have ownership structures controlled by families or groups, increasing the potential for transactions with related parties. This can potentially lead to the risk of conflicts of interest and manipulation of financial data. To address these risks, the Financial Accounting Standards Board of the Indonesian Institute of Accountants (DSAK IAI) established Statement of Financial Accounting Standards (PSAK) Number 224 concerning Related Party Disclosures. This study was conducted to identify the compliance of the disclosure of key management compensation and transactions with related parties during the 2019-2023 period with PSAK 224. The subjects of this research are Lippo Group companies listed. This research uses a qualitative descriptive method, by analyzing the data contained in the annual report. The results showed that in the 2019-2023 period, the disclosure of key management compensation by Lippo Group companies still did not cover all components completely, except for short-term employee benefits. Meanwhile, the disclosure of transactions with related parties could not be declared complete in accordance with paragraph 18 of PSAK 224.
Related Party Disclosure According to PSAK 224
PENGARUH PROFITABILITAS, MEKANISME GOOD CORPORATE GOVERNANCE, DAN UKURAN PERUSAHAAN TERHADAP NILAI PERUSAHAAN SEKTOR PERBANKAN YANG TERDAFTAR DI BURSA EFEK INDONESIA TAHUN 2018-2022
This study to examine the effect of profitability, mechanism good corporate governance (managerial ownership, independent commissioner, and audit committee), and firm size on firm value in banking companies listed on the Indonesia Stock Exchange (IDX) in 2018-2022. This study uses secondary data. The analytical method used is quantitative method with purposive sampling technique and obtained 15 sample companies registered in the 2018-2022 period. The analysis in this study used SPSS 26 software. The results of this study are profitability, managerial ownership and independent commissioners has a positive and significant effect on firm.
PENGARUH UKURAN DEWAN KOMISARIS, SALES GROWTH DAN UKURAN PERUSAHAAN TERHADAP CORPORATE SOCIAL RESPONSIBILITY
Tujuan penelitian ini adalah untuk meneliti pengaruh Ukuran Dewan Komisaris, Sales Growth dan Ukuran perusahaan terhadap Corporate Social Responsibility sektor barang baku yang terdaftar di Bursa Efek Indonesia (BEI) tahun 2020-2022. Populasi yang digunakan dalam penelitian ini adalah perusahaan yang terdaftar sektor barang baku pada Bursa Efek Indonesia tahun 2020-2022. Sampel dipilih dengan teknik purposive sampling dan diperoleh 85 perusahaan dari total 105 perusahaan. Metode analisis data yang digunakan adalah metode kuantitatif dengan menggunakan analisis regresi linear berganda dan menggunakan software SPSS 26. Ukuran Dewan Komisaris dan Ukuran Perusahaan memiliki pengaruh terhadap CSR. Sedangkan sales growth tidak berpengaruh terhadap CSR. Ukuran dewan komisaris, sales growth dan ukuran perusahaan memiliki pengaruh sebesar 40,8% terhadap CSR, sedangkan 59,2% dipengaruhi oleh faktor lain diluar penelitian ini.
Copyright (c) 2023 Journal of Business And Entrepreneurship
PENGARUH PAJAK PENGHASILAN, PROFITABILITAS, DAN LEVERAGA TERHADAP PERATAAN LABA PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA SEKTOR CONSUMER NON-CYCLICALS TAHUN 2020-2022
Penelitian ini memiliki tujuan untuk meneliti pengaruh variabel pajak penghasilan, profitabilitas, dan leverage terhadap perataan laba pada perusahaan sektor Non-Cyclicals yang terdaftar di Bursa Efek Indonesia pada tahun 2020-2022. Terdapat 41 sampel perusahaan yang diperoleh dengan metode purposive sampling. Penelitian ini menggunakan metode analisis data dengan analisis regresi logistik menggunakan software SPSS versi 26. Data yang digunakan adalah data sekunder yang diambil dari laporan keuangan dan laporan tahunan perusahaan. Hasil penelitian ini menunjukkan bahwa variabel pajak penghasilan tidak berpengaruh signifikan terhadap perataan laba, dan variabel profitabilitas berpengaruh positif signifikan terhadap perataan laba, dan leverage berpengaruh negatif signifikan terhadap perataan laba.
Pengaruh Kompensasi Eksekutif dan Gender Diversity Terhadap Tax Avoidance
This study examines the effects of executive compensation and gender diversity on tax avoidance in Indonesian manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2021. Using purposive sampling, a sample of 75 companies, representing 175 units of analysis, was selected. The analysis, conducted with descriptive statistics and multiple linear regression using IBM SPSS 27.0, reveals that executive compensation has a negative and significant effect on tax avoidance. Conversely, gender diversity was found to have no effect. The study also found that profitability and firm size had a positive and significant effect on tax avoidance, whereas leverage had a negative and significant effect. This research contributes to existing literature by using a unique method to measure gender diversity—the number of female directors divided by the total number of directors—to study its influence on tax avoidance.
The Impact of Tax Planning and Deferred Tax Expenses on Earnings Management: Moderation by COVID-19
This study investigates the influence of tax planning and deferred tax expenses on earnings management, with a focus on the moderating effect of COVID-19. Using a sample of 72 companies in the materials and consumer staples sectors listed on the Indonesia Stock Exchange from 2018 to 2021, the study employs a quantitative approach with purposive sampling. The findings reveal that tax planning positively affects earnings management, indicating that companies engage in tax planning to reduce their tax burden by lowering reported profits. However, deferred tax expenses and COVID-19 do not significantly influence earnings management. Interestingly, COVID-19 weakens the relationship between tax planning and earnings management but does not affect the relationship between deferred tax expenses and earnings management. The study highlights several limitations, including issues with normality, multicollinearity, and heteroscedasticity tests, the use of only two independent variables, and the limited scope of company sectors and research periods. Future research should consider expanding the data set, adding more variables, and including a broader range of sectors and periods to achieve more comprehensive results.
FINANCIAL LITERACY AND ENTREPRENEURSHIP-BUSINESS STARTUP FOR EFFECTIVE POST-RETIREMENT LIFE MANAGEMENT AMONG PRE-RETIREES IN UNIVERSITIES IN EDO STATE, NIGERIA
The role of entrepreneurship to prevent poverty and mitigate other post-retirement challenges has been acknowledged to be crucial for effective post-retirement life management but financial constraints could constitute bane to pre-retirees’ entrepreneurial intentions. Therefore, the study determined the financial knowledge that could spur their intentions and readiness for business start that could enable them surmount post-retirement life challenges. Two research questions guided the study. The descriptive survey research design was adopted and the population comprised all the pre-retirees in universities in Edo State. 250 respondents were randomly selected using the simple random sampling technique from three purposive selected universities. Primary data were gathered through the use of structured questionnaire which was validated and tested to have reliability coefficient value of 0.84. The descriptive statistics of mean and standard deviation were used to answer the research questions and test the respondents’ homogeneity. The findings revealed among others that the respondents perceived the benefits of entrepreneurship-business startup to ensure their effective post-retirement life management but intend to rely totally on their retirement savings benefits with the Contributory Pension Scheme (CPS) for business startup. Based on the findings it was recommended among others that pre-retirees should make contingency savings plan and that the employers and government should provide them financial education in order to acquaint them with relevant financial knowledge to access other forms of business financing such as loans, bank overdraft, angel investors, venture capital and government grants among others prior to final disengagement.
THE INFLUENCE OF POPULAR MEDIA ON YOUNG INDONESIAN WOMAN WEARING HIJAB
Indonesia has been experiencing a rise in Islamic conservatism, and with that, a rapid increase in the number of women wearing the hijab. There has also been an increase in the production and consumption of Islamic content in popular media targeted at young Indonesians. This study analyzes how popular media influences girls in their decision to wear hijab. Findings from in-depth interviews with 10 university hijab-wearing students show that though they decided to wear the hijab because they believe it to be proper Islamic behavior, still, family, friends, and celebrities have also been influential in their decision. Indonesian popular media portray women in hijab in a positive light. All respondents agreed that throughout their experience wearing the hijab, popular media has served them in various ways, including style inspiration. Based on Stuart Hall’s Reception Theory, most respondents have taken the Dominant-Hegemonic position when consuming media messages pertaining the hijab. A small minority, however, took the Negotiated position because they feel that the media should portray women who wear the hijab just as any other woman.
DETERMINANTS OF TRANSFER PRICING FROM NON CYCLICAL'S AND INDUSTRIAL PERSPECTIVES
The aims examine the effect of bonus mechanism, effective tax rate, and debt covenant on transfer pricing in consumer non cyclicals and industrial sector companies on the Indonesia Stock Exchange in 2020-2022. The sample in this study used purposive sampling method and obtained 16 companies listed in 2020-2022 period. The analysis method used in quantitative method with multiple linear regression analysis and using SPSS 26 software. This study uses secondary data in the form of financial report obtained from www.idx.co.id. The result of multiple linear regression is that the variable of bonus mechanism and effective tax rate has no significant effect on transfer pricing, while debt covenant has positive and significant effect on transfer pricing. The variable of bonus mechanism and effective tax rate have not been proven to give significant influence. For this reason, it is expected that future research can provide result and use more appropriate proxies for each independent variable in this study.
Bonus Mechanism; Effective Tax Rate; Debt Covenant; Transfer Pricing