This study aims to examine the effect of political relations on firm value with corporate governance mechanisms as a moderating variable. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX). Using the purposive sampling method with a sample of 158 companies during the 2018-2020 period. Data were analyzed by panel data regression for hypothesis testing. The results of this study indicate that political connections have a positive effect on firm value. The corporate governance mechanism in the form of managerial ownership and the size of the board of commissioners is proven to be able to moderate the influence of political connections on firm value, but independent boards of commissioners are proven unable to moderate the influence of political connections on firm value. This implies that companies need to optimize their political connections to increase the value of the company. This study also finds that the corporate governance mechanism in the form of managerial ownership and the size of the board of commissioners weakens the positive influence of political relations on firm value.DOI: https://doi.org/10.26905/afr.v5i2.7762

This research aims to analyze the effect of the audit committee, board of directors, board of commissioners on intellectual capital in LQ-45 companies listed on the Indonesia Stock Exchange the period of 2016-2019. The results of this study indicate that partially the Audit Committee (KA) variable has a positive and significant influence on Intellectual Capital (IC). The variable of the Board of Directors (DD) has a negative but not significant effect on Intellectual Capital (IC). While the variable Board of Commissioners (DK) has a positive but not significant effect on Intellectual Capital (IC). Meanwhile, simultaneously the independent variables, namely the audit committee, the board of directors, and the board of commissioners, together have a positive and significant influence on the dependent variable, namely Intellectual Capital. The coefficient of determination of this study shows a number of 58.8% which indicates that the variation of the independent variable explains the rise or fall of the dependent variable, while the remaining 41.2% is explained by other independent variablesDOI: https://doi.org/10.26905/afr.v5i2.7809

This study aims to determine how the influence of the disclosure of sustainability reports in the economic, environmental, and social fields on firm value in companies that follow the Asia Sustainability Report Rating. In this study, the research population is a company listed in the Asia Sustainability Report Rating period 2018-2020. There are 59 companies registered in the 2018-2020 period. Determination of the research sample using purposive sampling where the limitations of the selected sample are based on certain criteria. In this study using regression as an analytical technique. The results of this study indicate that the disclosure of sustainability reports in the economic and environmental fields has a significant positive effect on firm value. Meanwhile, the disclosure of sustainability re-ports in the social sector has no effect on Company Value.DOI: https://doi.org/10.26905/afr.v5i2.7810

This study aims to see and provide empirical evidence whether there are rigid costs in the sales costs of family business manufacturing companies. Rigid costs arise when there is an imbalance between selling costs and changes in net sales. This study uses a model from Anderson, Banker, Janakiraman (ABC). The sample used in this study was 263 samples of manufacturing companies, especially family businesses from 2016 to 2020. The data used is panel data. The data analysis technique used multiple linear regression. The results of this study indicate that there is a sticky cost on the sales costs of family business manufacturing companies. The findings of this study indicate that changes in activity levels with changes in costs are not always the same.DOI: https://doi.org/10.26905/afr.v5i2.8015

Profitability is important for companies because profitability is the basis for assessing the company's condition. Debt to Equity Ratio is the ratio used to see the effect of the debt ratio on profitability. Operational costs are costs for operational activities that can affect profitability. Current Ratio can be used to compare current assets with liabilities. The rupiah exchange rate is the price of the rupiah against the currencies of other countries. The purpose of this study was to re-examine the effect of liquidity ratios, current ratios, operational costs, and the rupiah exchange rate on profitability. The population for this study were 30 food and beverage companies. While the samples used were 12 food and beverage companies. The sampling technique used is purposive sampling. The data analysis technique used is descriptive statistics, classical assumption test, and multiple linear analysis test. The findings of this study are Debt to Equity Ratio and Current Ratio have an effect on profitability. Meanwhile, Operational Costs and Rupiah Exchange Rate do not affect profitability.DOI: https://doi.org/10.26905/afr.v5i2.7541

The value of the company is very important for the company because it can affect the views of stakeholders on the company's performance. Firm value is influenced by various factors, one of which is company profitability. Based on previous research, there are inconsistencies in research results, therefore researchers want to re-examine previous studies to see the effect of profitability on firm value with environmental performance as a moderating variable. In this study, companies engaged in the food and beverage industry were used that were listed on the Indonesia Stock Exchange in 2017-2020. The sample used consisted of 56 company data using purposive sampling technique. The results of this study indicate that profitability has a positive influence on firm value and environmental performance cannot moderate the relationship between profitability and the companyDOI:https://doi.org/10.26905/afr.v5i2.7542

This study aims to determine the effect of whistleblowing system toward fraud prevention with forensic audit and investigative audit as a mediating variable. The population of this study are auditor in Inspectorate of Banten Province. The result of this study indicates that first, whistleblowing system partially have a positive significant effect on the forensic audit. Second, whistleblowing system partially have a positive significant effect on the investigative audit. Third, whistle-blowing system partially have a positive significant effect on the fraud prevention. Forth, investigative audit partially have a positive significant effect on the fraud pre-vention. Fifth, forensic audit partially have a positive significant effect on the fraud prevention.DOI: https://doi.org/10.26905/afr.v5i2.7530

This study aims to determine whether independence, competence, professional skepticism, audit structure and role stress affect audit quality. This research was conducted on auditors who work at the Financial and Development Supervisory Agency (BPKP) RI Representatives of the Special Region of Yogyakarta (DIY). This study uses non-probability sampling and obtained a sample of 34 people. Data was collected using a questionnaire method distributed to respondents. The results of this study indicate that independence, competence, professional skepticism and audit structure partially have a positive and significant effect on audit quality. Meanwhile, role stress (role conflict and role ambiguity) has a negative effect on audit qualityDOI: https://doi.org/10.26905/afr.v5i2.7808

This study aims to determine the effect of financial distress on earnings management with corporate governance mechanisms as a moderating variable. Earnings management in this study is measured by real earnings management, namely abnormal operating cash flows. The level of financial distress in this study is proxied by leverage. This study uses 135 samples of manufacturing companies listed on the Indonesia Stock Exchange (IDX) in 2018-2020 with a total of 405 observations. This study uses Generalized Least Square (GLS) panel data regression. The results showed that financial distress had a positive effect on earnings management as measured by abnormal CFO. This study also found that managerial ownership and institutional ownership weakens the positive influence of financial distress on earnings management as measured by abnormal CFO.DOI: DOI: https://doi.org/10.26905/afr.v5i2.7762

The purpose of this research is to analyze the effect of fintech lending, venture capital, market orientation on MSME performance. In business performance, MSME owners still have problems using fintech lending, limited capital and market orientation knowledge. However, the existence of fintech lending can facilitate sales transactions and can provide capital easily. There are 250 SMEs registered in Kupang Village, then through the sample collection method using purposive sampling and obtained 50 manufacturing SMEs. The analytical technique used in this research is multiple linear regression. The results of this study indicate that business capital and market orientation have a positive influence on the performance of MSMEs. Fintech lending has no effect on the performance of MSMEs.DOI: https://doi.org/10.26905/afr.v5i2.7761