Journal of Economic Equity, Finance, and Taxation
type: channel
description: Journal Title : Journal of Economic Equity, Finance, and Taxation Initials : JEEFT Frequency : 4 Issues per year (January, April, July, October) Online ISSN : 3109-2144 Editor in Chief : Prof Ni Gusti Agung Gede Eka Martiningsih DOI : 10.70865/jeeft Publisher : CV. Proaksara Global Transeduka Journal of Economic Equity, Finance, and Taxation (JEEFT) is an interdisciplinary publication dedicated to original research and scholarly work in the fields of economic equity, financial systems, and taxation policies. This journal aims to facilitate and promote the dissemination of knowledge and innovative findings to a global audience of researchers, practitioners, and policymakers. The JEEFT provides a platform for critical discussions and advancements in understanding economic disparities, financial mechanisms, and tax systems, aligning with the pressing global needs for equitable economic development and effective fiscal policies. By serving as a forum for research and discourse, the journal plays an essential role in advancing scholarly understanding of strategies that enhance economic fairness, financial stability, and efficient taxation while ensuring social welfare. The scope of our journal includes: Economic Justice: Poverty, economic inequality, inclusive development, development policies Finance: Financial & management accounting, corporate governance, auditing, capital markets & investment, Islamic banking & finance, financial inclusion, risk management Taxation: Fiscal policy, tax accounting, financial regulation, and their impact on economy and society Population & Labor Economics: Demographics, migration, labor economics Economic & Social Impact: Public policy evaluation and its implications for social welfare All manuscripts submitted to JEEFT should be written in English. Submissions undergo a rigorous double-blind peer review process and are published quarterly (January, April, July, October). e-ISSN : 3109-2144 (online)
publisher: CV. Proaksara Global Transeduka
language: en
publication name: Journal of Economic Equity, Finance, and Taxation
issn: 3109-2144
items: https://ojs.proaksara.com/index.php/jeeft/article/view/191
items: The Mediating Role of Transparency and Accountability in the Relationship Between Financial Reporting Quality and Financial Performance at the Directorate General of Taxes of the Republic of Indonesia
items: Dualism of Authority in Digital Account Inheritance Monetisation Between Sharia and Technology: An Islamic Inheritance Law Approach Based on Maslahah Mursalah
items: The Effect of Independent Commissioners, Liquidity, and Information Asymmetry on Earnings Quality with the Audit Committee as a Moderating Variable
items: Analysis of the Indonesia–EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) to Enhance Indonesia’s Export Market Access
items: Performance Optimization through Compensation and Risk Management
items: The Influence of Customer Experience and Brand Trust on Consumer Repurchase Intention in The Spotify Premium Application (Study on Students of State Polytechnic of Malang)
items: Impact of Current Ratio, Debt to Asset Ratio, and Total Asset Turnover on Financial Distress with Return on Assets as a Moderator in Consumer Service Companies
items: The Influence of Good Corporate Governance and Corporate Social Responsibility on Investment Risk: A Case Study of PT Sariguna Primatirta Tbk (CLEO) Listed on IDX in 2020–2023
items: The Effect of Green Accounting and Corporate Social Responsibility on Financial Performance: Empirical Study on Energy Sector Companies Listed on IDX (2019-2023)
items: The Effect of Corporate Social Responsibility on Company Value Mediated by Financial Performance in Consumer Goods Industry Sector Companies Listed on the Indonesia Stock Exchange in 2019-2023
items: https://ojs.proaksara.com/index.php/jeeft/article/view/94
items: The Effect of Fiscal Decentralization on Economic Growth: An Empirical Study of Regencies/ Cities in Riau Province
items: The Effect of Financial Literacy and Tax Sanctions on Taxpayer Compliance with Motivation to Pay Taxes as a Mediating Variable (Case Study of MSMEs in Karawang)
items: The Effect of Entrepreneurial Knowledge and Self-Efficacy on Business Success through Business Motivation as Mediation (Study on Food Sector Millennial MSMEs in DKI Jakarta)
items: The Effect of Company Size and Debt Ratio on Financial Performance of Bank Sub-Sector Companies Listed on The Indonesia Stock Exchange (IDX) in 2020–2023
items: Potential for Developing Sharia Financial Products for the Agricultural Sector in Ponorogo
items: Exploring the Roots of Ibn Khaldun's Islamic Economic Thought and Its Impact on Historical Development
items: Effect of Cash Flow and Liquidity on Financial Performance of Non-Financial Firms in Nigeria

https://ojs.proaksara.com/index.php/jeeft/article/view/191
type: item
title: The Effect of Environmental, Social, and Governance Disclosure on Firm Value with Earnings Management as a Moderating Variable: An Empirical Study of the ESG Quality of 45 IDX Kehati Companies on the Indonesian Stock Exchange (2019-2023)
description: The growing emphasis on sustainable business practices has made Environmental, Social, and Governance (ESG) disclosure a strategic tool for shaping corporate legitimacy and market perception. This study examines the effect of ESG disclosure (aggregate and partial) on firm value and investigates earnings management as a moderator. Grounded in Legitimacy Theory and Agency Theory, this causal-quantitative research uses panel data regression. A purposive sample of non-financial firms consistently listed on the ESG Quality 45 IDX KEHATI index from 2019-2023 yielded 18 companies with 90 observations. Hypothesis testing employed the Fixed Effect Model after satisfying classical assumption tests. Results show that aggregate ESG disclosure and each pillar (environmental, social, governance) positively and significantly enhance firm value. Conversely, earnings management directly reduces firm value and significantly weakens ESG’s positive effect. These findings confirm an entrenchment strategy, where managers exploit high sustainability disclosure to conceal earnings manipulation. This information asymmetry fosters market skepticism, perceived as greenwashing, which destroys credibility and eliminates valuation premiums. Thus, companies and regulators must align sustainability transparency with earnings quality integrity.
subject: Articles
  topic: section
subject: Earnings Management
  topic: keywords
subject: Earnings Quality
  topic: keywords
subject: ESG
  topic: keywords
subject: Firm Value
  topic: keywords
subject: Sustainability Disclosure
  topic: keywords
creator: Herna Herna
creator: Etty Gurendrawati
creator: Agung Dharmawan Buchdadi
rights: Copyright (c) 2026 Herna Herna*, Etty Gurendrawati, Agung Dharmawan Buchdadi https://creativecommons.org/licenses/by/4.0
date: 2026-04-30
publication date: 2026-04-30
starting page: 1
ending page: 14
doi: 10.70865/jeeft.v2i1.191

The Mediating Role of Transparency and Accountability in the Relationship Between Financial Reporting Quality and Financial Performance at the Directorate General of Taxes of the Republic of Indonesia
type: item
description: Effective fiscal governance and public trust rely significantly on the financial performance of key state institutions like the Directorate General of Taxes (DJP RI). This performance extends beyond revenue collection to encompass the quality of financial reporting, which underpins transparency, accountability, and sound policy evaluation. To investigate these linkages, this study employs a quantitative correlational design to analyze the relationship between financial reporting quality and DJP RI's financial performance, with transparency and accountability as mediators. Data were gathered via questionnaires from auditors of the Audit Board of the Republic of Indonesia (BPK RI), whose independent expertise ensures credible evaluation. Analysis using Partial Least Squares Structural Equation Modeling (PLS-SEM) in SmartPLS indicates that financial reporting quality directly and positively influences financial performance, with accountability serving as a significant mediator. In contrast, transparency does not exhibit a significant mediating role. It is important to note that this research is limited to DJP RI and does not incorporate other potential determinants of public sector financial performance.
subject: Articles
  topic: section
subject: Accountability
  topic: keywords
subject: Financial Performance
  topic: keywords
subject: Financial Statement Quality
  topic: keywords
subject: Transparency
  topic: keywords
creator: Tri Ameliyaningsih
creator: Adam Zakaria
creator: Indra Pahala
rights: Copyright (c) 2025 Tri Ameliyaningsih*, Adam Zakaria, Indra Pahala https://creativecommons.org/licenses/by/4.0
date: 2026-03-09
publication date: 2026-03-09
starting page: 193
ending page: 208
doi: 10.70865/jeeft.v1i4.161

Dualism of Authority in Digital Account Inheritance Monetisation Between Sharia and Technology: An Islamic Inheritance Law Approach Based on Maslahah Mursalah
type: item
description: The rise of digital technology has created novel forms of wealth, exemplified by monetized accounts such as those on YouTube, TikTok, AdSense blogs, and online marketplaces that generate passive income. This study investigates the legal status of such digital monetization assets within the framework of Islamic inheritance law, assessing their classification as inheritable wealth based on economic value, utility, and transferability. Employing a normative juridical method with a qualitative Maslahah Mursalah approach, the research analyzes conflicts between Sharia-based inheritance rights and the restrictive ownership policies of digital platforms. Findings indicate that while platforms often control account access, the associated economic benefits constitute legitimate inheritance. The principle of Maslahah Mursalah is applied to prioritize communal benefit, ensuring income continuity for heirs, preventing familial disputes, and safeguarding economic rights. The study proposes a Syariah-Technology authority reconstruction model, which emphasizes the inheritance of benefit rights, the appointment of a digital executor, and the synchronization of payment systems. This model seeks to harmonize Islamic legal principles with existing platform regulations. Consequently, the research provides a jurisprudential foundation for inheriting digital assets and offers practical solutions to the legal and technical challenges posed by the digital economy.
subject: Articles
  topic: section
subject: Digital Inheritance
  topic: keywords
subject: Monetized Accounts
  topic: keywords
subject: Duality of Authority
  topic: keywords
subject: Islamic Inheritance Law
  topic: keywords
subject: Maslahah Mursalah
  topic: keywords
creator: Sinta Devi Ambarwati
rights: Copyright (c) 2025 Sinta Devi Ambarwati* https://creativecommons.org/licenses/by/4.0
date: 2026-03-09
publication date: 2026-03-09
starting page: 181
ending page: 192
doi: 10.70865/jeeft.v1i4.157

The Effect of Independent Commissioners, Liquidity, and Information Asymmetry on Earnings Quality with the Audit Committee as a Moderating Variable
type: item
description: A key metric for evaluating corporate financial performance is earnings quality, which denotes the trustworthiness of accounting information for decision-makers. However, practical factors like governance flaws, financial standing, and information gaps between managers and outsiders can affect this quality. This underscores the significance of studying what shapes earnings quality and how the audit committee might strengthen relevant influences. Utilizing panel data from 80 technology sector companies on the IDX, this quantitative study examines drivers of earnings quality. It assesses the effects of commissioner independence, liquidity, and information asymmetry, while also testing the audit committee's potential moderating influence. The regression outcomes, however, present a clear dichotomy. A significant impact is solely attributable to liquidity. The purported effects of commissioner independence, information asymmetry, and the audit committee (both directly and as a moderator) are found to be statistically insignificant. Further, moderated regression analysis (MRA) confirms that the audit committee does not strengthen or weaken the influence of the other three variables on earnings quality. These results, derived from descriptive, assumption, and regression testing, point to a key conclusion: successful corporate governance is determined less by its formal framework and more by how effectively it is practiced.
subject: Articles
  topic: section
subject: Audit Committee
  topic: keywords
subject: Earnings Quality
  topic: keywords
subject: Independent Board Commissioners
  topic: keywords
subject: Information Asymmetry
  topic: keywords
subject: Liquidity
  topic: keywords
creator: Deysa Rosiana Arief
creator: Agung Dharmawan Buchdadi
creator: Muhammad Yusuf
rights: Copyright (c) 2025 Deysa Rosiana Arief*, Agung Dharmawan Buchdadi, Muhammad Yusuf https://creativecommons.org/licenses/by/4.0
date: 2026-03-09
publication date: 2026-03-09
starting page: 166
ending page: 180
doi: 10.70865/jeeft.v1i4.155

Analysis of the Indonesia–EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) to Enhance Indonesia’s Export Market Access
type: item
description: International trade plays a crucial role in Indonesia’s economic growth through exports and imports. However, challenges such as the COVID-19 pandemic, non-tariff measures (NTMs), and protectionist policies hinder Indonesia’s export performance. Agreements like the Indonesia-EFTA Comprehensive Economic Partnership Agreement (IE-CEPA) facilitate market access to EFTA, a region with high purchasing power. This study analyzes the effectiveness of IE-CEPA in enhancing Indonesia’s exports while identifying challenges and optimization strategies. Using a qualitative descriptive-analytical approach, data collection methods include interviews and literature studies. The findings indicate that IE-CEPA eliminates tariffs by nearly 100% for various Indonesian products. Additionally, the agreement reduces non-tariff barriers and provides special schemes for MSMEs. With its extensive trade network, EFTA has the potential to serve as a gateway for Indonesian products into the European market, strengthening competitiveness, exports, and investment. Despite EFTA’s high purchasing power, Indonesia's market share in the region was only 0.29% in 2018. Following the implementation of IE-CEPA, exports to Switzerland, Iceland, and Norway increased, while the trade deficit with Liechtenstein persisted. Products such as jewelry, coffee, and footwear successfully entered the Swiss market, whereas palm oil and motor vehicles have yet to show significant export growth. This agreement plays a strategic role in enhancing Indonesia's global competitiveness.
subject: Articles
  topic: section
subject: IE-CEPA
  topic: keywords
subject: Export
  topic: keywords
subject: Competitiveness
  topic: keywords
subject: Market Access
  topic: keywords
creator: Dwi Fauziansyah Moenardy
creator: Rizal Budi Santoso
creator: Rizqi Muttaqin
rights: Copyright (c) 2025 Dwi Fauziansyah Moenardy*, Rizal Budi Santoso, Rizqi Muttaqin https://creativecommons.org/licenses/by/4.0
date: 2026-03-09
publication date: 2026-03-09
starting page: 152
ending page: 165
doi: 10.70865/jeeft.v1i4.134

Performance Optimization through Compensation and Risk Management
type: item
description: The unlimited flow of trade in goods and services requires fast and accurate delivery services that can be tracked through online tracking. Goods delivery often experiences delays, overloading, and accidents. This affects the performance and compensation received by employees from each delivery. The aim of this research is to investigate how compensation and work-related accidents impact the performance of goods delivery at PT. Sicepat Ekspress Indonesia, with hazard operability study serving as a mediating factor. Through the use of a quantitative approach, data was collected using questionnaires from 95 participants. The findings indicate that compensation plays a crucial role in influencing work accidents, hazard operability study, and the performance of goods delivery employees. In addition, work accidents are also proven to have a positive and significant effect on hazard operability study and employee performance. Other findings indicate that hazard operability study has a significant effect on goods delivery employee performance. Thus, all tested variables have positive and significant relationships according to the proposed hypotheses. From an Islamic perspective, these research findings align with the values of tauhid and trade ethics that emphasize the characteristics of shiddiq, amanah, fathanah, and tabligh as foundations in conducting business. The application of these ethics is believed to improve service quality, customer satisfaction, and loyalty. Therefore, providing appropriate compensation, managing work accident risks, and implementing hazard operability study not only affect employee performance improvement, but also align with muamalah principles in Islam that prioritize honesty, justice, and mutual benefit.
subject: Articles
  topic: section
subject: Hazard Operability Study
  topic: keywords
subject: Compensation
  topic: keywords
subject: Work Accident
  topic: keywords
creator: Daman Sudarman
rights: Copyright (c) 2025 Daman Sudarman* https://creativecommons.org/licenses/by/4.0
date: 2025-10-18
publication date: 2025-10-18
starting page: 139
ending page: 151
doi: 10.70865/jeeft.v1i3.133

The Influence of Customer Experience and Brand Trust on Consumer Repurchase Intention in The Spotify Premium Application (Study on Students of State Polytechnic of Malang)
type: item
description: In the digital era, music streaming services have become an inseparable part of everyday life, offering users easy access to diverse music content. Among these platforms, Spotify Premium has established itself as a leading service due to its ad-free listening, personalized recommendations, and high-quality audio. However, retaining users and encouraging continuous subscription remain critical challenges for streaming providers. This study aims to analyze the influence of customer experience (X1) and brand trust (X2) on repurchase intention (Y) among Spotify Premium users. A quantitative, explanatory research design was employed, with data collected through a census of 50 D-IV Marketing Management students at the State Polytechnic of Malang during the 2024/2025 academic year. Data analysis revealed that both customer experience and brand trust significantly and positively affect repurchase intention, jointly explaining 62.8% of the variance. These findings highlight specific improvement opportunities in enhancing sensory experience, strengthening technical reliability, and improving access to information. Furthermore, optimizing interface design and fostering community engagement may enhance loyalty among subscribers. The study contributes to marketing literature by emphasizing the role of experiential and relational factors in digital subscription services. Future research is recommended to expand the sample population and integrate additional variables, such as perceived value and switching barriers, for broader generalization.
subject: Articles
  topic: section
subject: Customer Experience
  topic: keywords
subject: Brand Trust
  topic: keywords
subject: Consumer Repurchase Intention
  topic: keywords
subject: Spotify Premium
  topic: keywords
creator: Firsia Noistataka
creator: Musthofa Hadi
creator: Sanita Dhakirah
rights: Copyright (c) 2025 Firsia Noistataka*, Musthofa Hadi, Sanita Dhakirah https://creativecommons.org/licenses/by/4.0
date: 2025-09-22
publication date: 2025-09-22
starting page: 126
ending page: 138
doi: 10.70865/jeeft.v1i3.126

Impact of Current Ratio, Debt to Asset Ratio, and Total Asset Turnover on Financial Distress with Return on Assets as a Moderator in Consumer Service Companies
type: item
description: This research examines the relationship between Current Ratio, Debt to Asset Ratio, and Total Asset Turnover on Financial Distress, with Return on Asset serving as a moderating variable in Indonesian consumer service sub-sector companies from 2019 to 2023. The study selected 23 companies from a population of 33 consumer service companies using purposive sampling techniques. By using quantitative techniques such as Logistic Regression Analysis and Moderated Regression Analysis, it was discovered that Current Ratio and Debt to Asset Ratio have no impact on Financial Distress. However, Total Asset Turnover was found to have a negative effect on Financial Distress. Additionally, Return on Asset does not moderate the relationship between Current Ratio and Total Asset Turnover on Financial Distress, but it does lessen the influence of Debt to Asset Ratio on Financial Distress.
subject: Articles
  topic: section
subject: Financial Distress
  topic: keywords
subject: Current Ratio
  topic: keywords
subject: Debt to Asset Ratio
  topic: keywords
subject: Total Asset Turnover
  topic: keywords
subject: Return on Asset
  topic: keywords
creator: Adinda Putri Satya
creator: Esi Fitriani Komara
rights: Copyright (c) 2025 Adinda Putri Satya, Esi Fitriani Komara* https://creativecommons.org/licenses/by/4.0
date: 2025-08-28
publication date: 2025-08-28
starting page: 116
ending page: 125
doi: 10.70865/jeeft.v1i3.113

The Influence of Good Corporate Governance and Corporate Social Responsibility on Investment Risk: A Case Study of PT Sariguna Primatirta Tbk (CLEO) Listed on IDX in 2020–2023
type: item
description: This study aims to analyze the influence of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) on investment risk at PT Sariguna Primatirta Tbk (CLEO), a company listed on the Indonesia Stock Exchange (IDX) during the 2020–2023 period. The research is motivated by the fluctuations in the company's stock prices and environmental controversies that could affect its reputation and investor trust. GCG is measured by institutional ownership, managerial ownership, independent commissioners, and the audit committee, while CSR is evaluated using indicators from the Global Reporting Initiative (GRI-G4). Investment risk is assessed through the beta coefficient based on the Capital Asset Pricing Model (CAPM). This study employs a quantitative approach using secondary data from financial statements, annual reports, and sustainability reports. The analytical method used is descriptive and inferential statistics. The findings reveal that the implementation of GCG and CSR significantly influences the reduction of investment risk. Managerial ownership and consistent CSR initiatives positively contribute to company stability and investor confidence. These results emphasize the importance of internal company policies in mitigating systematic risks and fostering investor trust.
subject: Articles
  topic: section
subject: Good Corporate Governance
  topic: keywords
subject: Corporate Social Responsibility
  topic: keywords
subject: Investment Risk
  topic: keywords
subject: PT Sariguna Primatirta Tbk
  topic: keywords
subject: Capital Asset Pricing Model
  topic: keywords
creator: Uswatun Chasanah
creator: Yufenti Oktafiah
creator: Dwita Laksmita Rakhmawati
rights: Copyright (c) 2025 Uswatun Chasanah*, Yufenti Oktafiah, Dwita Laksmita Rakhmawati https://creativecommons.org/licenses/by/4.0
date: 2025-08-28
publication date: 2025-08-28
starting page: 108
ending page: 115
doi: 10.70865/jeeft.v1i3.97

The Effect of Green Accounting and Corporate Social Responsibility on Financial Performance: Empirical Study on Energy Sector Companies Listed on IDX (2019-2023)
type: item
description: This study examines how Green Accounting and Corporate Social Responsibility (CSR) implementation affects the financial performance of energy companies traded on Indonesia's stock exchange between 2019 and 2023. The research was prompted by environmental concerns and weakening financial results in the sector. Using quantitative analysis through panel data regression on eight selected companies, the study measures Green Accounting via the PROPER index from Indonesia's Ministry of Environment and Forestry, evaluates CSR disclosure through GRI G4 standards, and assesses financial performance using Return on Assets (ROA). The Random Effect Model analysis (conducted in Eviews 12) reveals that Green Accounting and CSR together significantly improve financial performance (F-statistic: 8.255; significance: 0.001). When examined individually, CSR demonstrates a substantial positive influence on ROA (coefficient: 0.255; significance: 0.0003), whereas Green Accounting fails to show statistically significant effects (significance: 0.7639). The research concludes that CSR implementation is vital for improving financial outcomes, but Green Accounting has not yet demonstrated measurable direct benefits. Consequently, the study recommends that energy companies focus on enhancing their CSR reporting transparency while developing more effective environmental cost management approaches.
subject: Articles
  topic: section
subject: Corporate Social Responsibility
  topic: keywords
subject: Energy Sector
  topic: keywords
subject: Financial Performance
  topic: keywords
subject: GRI G4
  topic: keywords
subject: Green Accounting
  topic: keywords
subject: PROPER
  topic: keywords
creator: Mochammad Ilham Ardiansyah
creator: Nurul Akramiah
creator: Yufenti Oktafiah
rights: Copyright (c) 2025 Mochammad Ilham Ardiansyah*, Nurul Akramiah, Yufenti Oktafiah https://creativecommons.org/licenses/by/4.0
date: 2025-08-28
publication date: 2025-08-28
starting page: 98
ending page: 107
doi: 10.70865/jeeft.v1i3.92

The Effect of Corporate Social Responsibility on Company Value Mediated by Financial Performance in Consumer Goods Industry Sector Companies Listed on the Indonesia Stock Exchange in 2019-2023
type: item
description: This research aims to uncover how a consumer goods company's commitment to social responsibility impacts its overall worth, particularly by examining the mediating role of financial performance, as measured by Return on Assets (ROA), within Indonesian-listed companies between 2019 and 2023. The analysis is conducted using a quantitative approach with a sample size of 12 companies. The data collection method utilized is purposive sampling to select samples for analysis. 60 analyzed secondary data points were extracted from annual reports and company sustainability statements. Panel data regression and path evaluation are used in the current research. The investigation findings showed that both return on assets and social responsibility contribute positively to the value of a business to a certain degree. The presence of Corporate Social Responsibility has a favorable influence on Return on Assets, and at the same time, both Corporate Social Responsibility and Return on Assets have a beneficial impact on Company Value. Furthermore, Return on Assets does not act as a mediator for the influence of Corporate Social Responsibility on Company Value.
subject: Articles
  topic: section
subject: Corporate Social Responsibility
  topic: keywords
subject: Company Value
  topic: keywords
subject: Financial Performance
  topic: keywords
creator: Asfahani Nuraeni Solihin
creator: Ferikawita M. Sembiring
rights: Copyright (c) 2025 Asfahani Nuraeni Solihin*, Ferikawita M. Sembiring https://creativecommons.org/licenses/by/4.0
date: 2025-08-26
publication date: 2025-08-26
starting page: 88
ending page: 97
doi: 10.70865/jeeft.v1i2.96

https://ojs.proaksara.com/index.php/jeeft/article/view/94
type: item
title: The Effect of Environmental, Social, and Governance (ESG) Disclosure on Firm Value with Government Ownership as a Moderating Variable (Empirical Study on Construction Sector Companies Listed on the Indonesia Stock Exchange in 2018–2024)
description: The main objective of this research is to assess how the communication of sustainable practices (Environmental, Social, Governance/ESG) impacts the worth of companies within the construction sector that are publicly traded on the Indonesia Stock Exchange (IDX) from 2018 to 2024. The value of these companies will be gauged utilizing measures like Tobin's Q. Information for this study will be gathered from the yearly and sustainability reports of selected firms. Panel data regression will be employed as the analytical method. This investigation aims to offer valuable insights for stakeholders connected to ESG and company worth, with government ownership being considered as a moderating factor.
subject: Articles
  topic: section
subject: Environmental Social Governance
  topic: keywords
subject: Firm Value
  topic: keywords
subject: Government Ownership
  topic: keywords
subject: Construction Industry
  topic: keywords
creator: Azmi Fitriani
creator: Suherman Suherman
creator: I Gusti Ketut Agung Ulupui
rights: Copyright (c) 2025 Azmi Fitriani*, Suherman, I Gusti Ketut Agung Ulupui https://creativecommons.org/licenses/by/4.0
date: 2025-08-26
publication date: 2025-08-26
starting page: 74
ending page: 87
doi: 10.70865/jeeft.v1i2.94

The Effect of Fiscal Decentralization on Economic Growth: An Empirical Study of Regencies/ Cities in Riau Province
type: item
description: Fiscal decentralization involves shifting financial administrative powers from national to regional governments with the goal of improving local financial management efficiency and fostering balanced, long-term economic development. This research investigates how fiscal decentralization influences regional economic development across the districts and municipalities of Riau Province between 2017 and 2021. The study examines four explanatory variables representing fiscal decentralization components: General Allocation Fund (DAU), Revenue Sharing Fund (DBH), Special Allocation Fund (DAK), and Local Government Revenues (PAD) within Riau's regencies and cities. Economic growth serves as the outcome variable of interest. The research utilizes panel data methodology covering all regency and city-level administrative units in Riau Province over the five-year period, with the Fixed Effect Model (FEM) selected as the analytical framework.The research findings indicate that among the fiscal variables examined, only the General Allocation Fund (DAU) demonstrates a statistically significant positive relationship with economic growth. The other three components—Revenue Sharing Fund (DBH), Special Allocation Fund (DAK), and Local Government Revenues (PAD)—do not exhibit significant effects on economic development.Based on these results, the study recommends maximizing the effectiveness of General Allocation Fund utilization and enhancing the quality of regional expenditure strategies to bolster economic performance across Riau's administrative regions during the fiscal decentralization period.
subject: Articles
  topic: section
subject: Fiscal Decentralization
  topic: keywords
subject: Economic Growth
  topic: keywords
subject: Fixed Effect Model
  topic: keywords
subject: Riau Province
  topic: keywords
creator: Eva Nur Kumalasari
rights: Copyright (c) 2025 Eva Nur Kumalasari* https://creativecommons.org/licenses/by/4.0
date: 2025-06-24
publication date: 2025-06-24
starting page: 51
ending page: 62
doi: 10.70865/jeeft.v1i2.75

The Effect of Financial Literacy and Tax Sanctions on Taxpayer Compliance with Motivation to Pay Taxes as a Mediating Variable (Case Study of MSMEs in Karawang)
type: item
description: This research seeks to assess how financial literacy and tax sanctions influence taxpayer compliance, with motivation to pay taxes serving as a mediating factor, focusing on micro, small, and medium enterprises (MSMEs) in Karawang. The study employs a quantitative research method, relying on primary data. Data is gathered through the use of questionnaires. The data after being collected is then processed using SEM PLS 4 tools. The data analysis techniques used are inner model, outher model and hypothesis testing (direct and indirect effects). The sample in this study were 150 respondents. The results of the analysis show that financial literacy has no effect on taxpayer compliance, tax sanctions affect taxpayer compliance, motivation to pay taxes affects taxpayer compliance, financial literacy affects motivation to pay taxes, tax sanctions affect motivation to pay taxes, financial literacy affects taxpayer compliance through motivation to pay taxes, tax sanctions affect taxpayer compliance through motivation to pay taxes.
subject: Articles
  topic: section
subject: Taxpayer Compliance
  topic: keywords
subject: Financial Literacy
  topic: keywords
subject: Tax Sanctions
  topic: keywords
subject: Motivation to Pay Taxes
  topic: keywords
creator: Qurotul Aini
creator: Karuniana Dianta Arfıando Sebayang
creator: Suparno Suparno
rights: Copyright (c) 2025 Qurotul Aini*, Karuniana Dianta Arfıando Sebayang, Suparno https://creativecommons.org/licenses/by/4.0
date: 2025-05-16
publication date: 2025-05-16
starting page: 43
ending page: 50
doi: 10.70865/jeeft.v1i2.70

The Effect of Entrepreneurial Knowledge and Self-Efficacy on Business Success through Business Motivation as Mediation (Study on Food Sector Millennial MSMEs in DKI Jakarta)
type: item
description: The purpose of this research is to investigate how the combination of entrepreneurial expertise and self-confidence impacts the success of small and medium enterprises owned by millennials in the food industry in DKI Jakarta. The study also examines how motivational factors within these businesses can influence their overall success. The research utilised a quantitative method by sending out surveys to 150 participants. Structural Equation Modelling (SEM) with SmartPLS was used to analyse the data. The findings suggest that entrepreneurial expertise does not greatly impact business success, but self-belief has a meaningful and beneficial influence. Additionally, the drive to succeed in business is shown to play a role in linking self-belief and entrepreneurial knowledge to business success. These findings highlight that in the context of food sector millennial MSMEs in DKI Jakarta, internal factors such as self-confidence and business motivation are more critical to achieving business success than entrepreneurial knowledge alone. The goal of this research is to aid in the creation of strategies for empowering small and medium-sized enterprises, with a focus on bolstering the mental well-being of entrepreneurs in order to improve their competitiveness and boost local economic advancement.
subject: Articles
  topic: section
subject: Entrepreneurial Knowledge
  topic: keywords
subject: Self Efficacy
  topic: keywords
subject: Business Motivation
  topic: keywords
subject: Business Success
  topic: keywords
subject: MSMEs
  topic: keywords
creator: Nadiah Nurli Fadilah
creator: Saparuddin Mukhtar
creator: Karuniana Dianta Arfiando Sebayang
rights: Copyright (c) 2025 Nadiah Nurli Fadilah*, Saparuddin Mukhtar, Karuniana Dianta Arfiando Sebayang https://creativecommons.org/licenses/by/4.0
date: 2025-05-03
publication date: 2025-05-03
starting page: 37
ending page: 42
doi: 10.70865/jeeft.v1i1.58

The Effect of Company Size and Debt Ratio on Financial Performance of Bank Sub-Sector Companies Listed on The Indonesia Stock Exchange (IDX) in 2020–2023
type: item
description: The main goal of this research is to gather empirical data on how the size and debt levels of companies affect their financial performance in the banking sector of the Indonesia Stock Exchange (IDX) from 2020 to 2023. Regression analysis with a quantitative approach was used as the research method, focusing on company financial statement data. The research sample was deliberately chosen using purposive sampling. 36 banking sub-sector companies that fit the research criteria were selected as the samples for this study. The results suggest that the size of a company has a notable impact on its financial performance, as shown by a t-value of 2.425 exceeding 1.987 and a significance value of 0.017 below 0.05. This indicates that the t-value exceeds the threshold set by the t-table and the significance value is below 0.05. Therefore, hypothesis (H₁) is confirmed, while H₀ is invalidated. In contrast, the level of debt a company holds does not significantly influence financial performance, as evidenced by a t-value of -1.410 < 1.987 and a significance value of 0.162 > 0.05. This means that hypothesis (H₂) is not supported. However, it is noted that both the size of the firm and the debt ratio do have a significant impact on financial performance, with an F-value of 3.612 surpassing 3.103 and a significance value of 0.031 falling below 0.05, leading to the acceptance of hypothesis (H₃). This study proves that the size of a company has a key influence on its financial performance, while the debt ratio alone does not have a noticeable effect. Nevertheless, when tested simultaneously, Firm Size and Debt Ratio jointly have a significant influence on Financial Performance.
subject: Articles
  topic: section
subject: Firm Size
  topic: keywords
subject: Debt Ratio
  topic: keywords
subject: Financial Performance
  topic: keywords
subject: Banking Sub-sector Companies
  topic: keywords
subject: Indonesia Stock Exchange
  topic: keywords
creator: Wahyu Indah Mursalini
creator: Nurhayati Nurhayati
creator: Harry Budiman
rights: Copyright (c) 2025 Wahyu Indah Mursalini, Nurhayati, Harry Budiman* https://creativecommons.org/licenses/by/4.0
date: 2025-04-21
publication date: 2025-04-21
starting page: 28
ending page: 36
doi: 10.70865/jeeft.v1i1.50

Potential for Developing Sharia Financial Products for the Agricultural Sector in Ponorogo
type: item
description: Ponorogo Regency, a predominantly agrarian area in East Java, faces significant challenges in agricultural financing. Most small-scale farmers rely on informal lenders due to the inaccessibility of conventional financial institutions, which often impose strict requirements and inflexible schemes. This study explores the potential of Islamic finance as a fair and sustainable alternative for agricultural financing in Ponorogo. Using a qualitative descriptive method, data were collected through literature review, field observations, and in-depth interviews with farmers, BMT/LKMS managers, and Islamic banking representatives. The findings reveal that Islamic financial products such as qardhul hasan, mudharabah, and musyarakah have been positively received by farmers due to their alignment with local socio-religious values and their equitable, non-interest-based mechanisms. However, implementation remains limited due to low Islamic financial literacy, restricted institutional outreach, lack of stakeholder coordination, and the absence of risk mitigation tools such as agricultural takaful. To maximize the potential of Islamic finance, the study recommends improving financial literacy, strengthening BMTs and Islamic cooperatives, developing community-based financing models, and fostering synergy among stakeholders. With proper support and policy alignment, Islamic finance can play a key role in empowering farmers, enhancing food security, and promoting rural economic resilience.
subject: Articles
  topic: section
subject: Islamic Finance
  topic: keywords
subject: Agricultural Financing
  topic: keywords
subject: Ponorogo
  topic: keywords
subject: Qardhul Hasan
  topic: keywords
subject: Mudharabah
  topic: keywords
subject: Musyarakah
  topic: keywords
creator: Binti Masruroh
rights: Copyright (c) 2025 Binti Masruroh* https://creativecommons.org/licenses/by/4.0
date: 2025-04-19
publication date: 2025-04-19
starting page: 23
ending page: 27
doi: 10.70865/jeeft.v1i1.48

Exploring the Roots of Ibn Khaldun's Islamic Economic Thought and Its Impact on Historical Development
type: item
description: Ibn Khaldun's economic thought, as expressed in his monumental work Muqaddimah, has significantly contributed to the development of Islamic economic theory. His insights into the role of the state in the economy and the concept of asabiyyah (social solidarity) have influenced both historical and contemporary economic ideas. This study explores the origins of Ibn Khaldun's economic theory and analyzes its impact on Islamic economics, with a focus on its relevance in modern economic contexts. A qualitative descriptive method is employed, utilizing literature review of primary and secondary sources. The findings highlight that Ibn Khaldun’s ideas on asabiyyah, state regulation of the economy, and governance during the Abbasid and Ottoman periods shaped economic policies. Moreover, these principles remain pertinent in today's economic discussions, particularly in understanding the state's role in fostering economic stability and social solidarity. This study suggests that Ibn Khaldun’s economic thought offers a valuable foundation for creating inclusive economic policies and business strategies, particularly in contexts marked by significant socio-economic disparities. Ultimately, Ibn Khaldun’s theories provide a framework for integrating solidarity-based principles into modern economic practices to promote equity and social cohesion.
subject: Articles
  topic: section
subject: Ibn Khaldun's Economic Thought
  topic: keywords
subject: Islamic Economics
  topic: keywords
subject: History of Islamic Economic Thought
  topic: keywords
creator: Ahmad Faturrahman
rights: Copyright (c) 2025 Ahmad Faturrahman* https://creativecommons.org/licenses/by/4.0
date: 2025-03-18
publication date: 2025-03-18
starting page: 12
ending page: 22
doi: 10.70865/jeeft.v1i1.38

Effect of Cash Flow and Liquidity on Financial Performance of Non-Financial Firms in Nigeria
type: item
description: The focus of this study was to examine the influence of cash flow and liquidity on the operational efficiency of non-financial companies in Nigeria. Data for the research was gathered from the annual reports of twenty-two non-financial firms that are part of the Nigeria Exchange group (NGX) from 2013 to 2022. Different tests were carried out, including model specification, collinearity, and heteroskedasticity tests, to explore the data. Cross-Sectional Time-Series FGLS Regression was employed to examine the data, indicating that cash flow indicators have a substantial positive impact and an unimportant negative effect on the financial performance indicator, which is evaluated by ROA. However, the liquidity proxy has insignificant positive effects on firm performance. The research concluded that cash flow and liquidity are important indicators of the financial performance of non-financial companies listed in Nigeria. The research indicates that businesses should prioritize capital allocation strategies, efficient asset allocation, and invest in staff research and development to improve their performance. Additionally, the firms should balance capital structure (debt and equity) and improve operational efficiency in terms of cost management and revenue generations.
subject: Articles
  topic: section
subject: Cash Flow
  topic: keywords
subject: Operational Efficiency
  topic: keywords
subject: Financial Performance
  topic: keywords
subject: Non-Financial Firms
  topic: keywords
creator: Endurance Omovigho Eyamu
creator: Felicia Ogheneotegiri Eyamu
creator: Ochuko Benedict Emudainohwo
rights: Copyright (c) 2025 Endurance Omovigho Eyamu*, Felicia Ogheneotegiri Eyamu, Ochuko Benedict Emudainohwo https://creativecommons.org/licenses/by/4.0
date: 2025-03-18
publication date: 2025-03-18
starting page: 1
ending page: 11
doi: 10.70865/jeeft.v1i1.27