Pengaruh pengendalian risiko, ukuran perusahaan dan rasio keuangan terhadap pengungkapan financial statement fraud
DOI:
https://doi.org/10.32670/fairvalue.v5i11.3313Keywords:
Risk Control, Company size, Financial ratio, Financial statements fraud, Earnings management, SPSS 25Abstract
This study examines the effect of risk control, company size and financial ratios on financial statement fraud simultaneously and partially in banking companies listed on the Indonesia Stock Exchange in 2015-2020. In contrast to previous studies, this study measures risk control variables with ROI, Current Ratio and BOPO, company size with DAR, financial ratios with DER and uses earning management for financial statement fraud variables. This research uses a quantitative approach. The number of samples taken in this study were 18 companies from 47 banking companies within 6 years using purposive sampling method. Data processing in this study uses multiple analysis techniques using the SPSS 25 program which includes the classic assumption test with a significance (α) of 5%. Then partially this study shows the results that ROI has a significant positive effect on financial statement fraud, Current Ratio has a significant positive effect on financial statement fraud, BOPO has a significant positive effect on financial statement fraud, DAR has a significant negative effect on financial statement fraud, DER has a significant positive effect on financial statement fraud.
References
Adebayo, P. A., & Adebiyi, W. K. (2016). Effect of Firm Characteristics on the Timeliness of Corporate Financial Reporting: Evidence From Nigerian Deposit Money Banks. International Journal of Economics, Commerce and Management, 4(3), 369–381.
Aghghaleh, S. F., Iskandar, T. M., & Zakiah Muhammaddun Mohamed. (2014). Fraud Risk Factors of Fraud Triangle and the Likelihood of Fraud Occurrence: Evidence from Malaysia. Information Management and Business Review, 6(1), 1–7. https://doi.org/10.22610/imbr.v6i1.1095
Al-Shattarat, B., Hussainey, K., & Al-Shattarat, W. (2022). The impact of abnormal real earnings management to meet earnings benchmarks on future operating performance. International Review of Financial Analysis, 81. https://doi.org/10.1016/j.irfa.2018.10.001
Alfadhli, & Ali, M. S. Al. (2021). Pengaruh Ukuran Bank pada Kinerja Keuangan : Studi Kasus pada Bank Kuwait. 4(2001), 11–15.
Alfian, N., Tarjo, T., & Haryadi, B. (2017). the Effect of Anti Fraud Strategy on Fraud Prevention in Banking Industry. Asia Pacific Fraud Journal, 2(1), 61–72. https://doi.org/10.21532/apfj.001.17.02.01.05
Alim, W., Ali, A., & Metla, M. R. (2021). the Effect of Liquidity Risk Management on Financial Performance of Commercial Banks in Pakistan. Journal of Applied Economics and Business THE, 9(4), 109–128.
Aminu, B., Aisha, M., & Muhammad, T. (2015). The effect of board size and composition on the financial performance of banks in Nigeria. African Journal of Business Management, 9(16), 590–598. https://doi.org/10.5897/ajbm2015.7797
Amri, A., & Oviza, Y. C. (2020). Analisis Risiko Dan Pengembalian Hasil Terhadap Pembiayaan Mudarabah Pada Bank Pembiayaan Rakyat Syariah (Bprs). Akbis: Media Riset Akuntansi Dan Bisnis, 4(2), 141. https://doi.org/10.35308/akbis.v4i2.3343
Anning, A. A., & Adusei, M. (2020). An Analysis of Financial Statement Manipulation among Listed Manufacturing and Trading Firms in Ghana. Journal of African Business, 1–15. https://doi.org/10.1080/15228916.2020.1826856
Aren, A. O., & Sibindi, A. B. (2014). Risk governance & control: Financial markets and institutions. VIRTUS Interpress, 4(2), 85–159.
Association of Certified Fraud Examiners (ACFE) Indonesia. (2020). Survei Fraud Indonesia 2019. In Indonesia Chapter #111.
Azid, T., Alnodel, A. A., & Qureshi, M. A. (2019). Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice. Research in Corporate and Shari’ah Governance in the Muslim World: Theory and Practice, 1–456. https://doi.org/10.1108/9781789730074
Bassey Edem, D. (2017). Liquidity Management and Performance of Deposit Money Banks in Nigeria (1986 – 2011): An Investigation. International Journal of Economics, Finance and Management Sciences, 5(3), 146. https://doi.org/10.11648/j.ijefm.20170503.13
Ben Selma Mokni, R., Echchabi, A., Azouzi, D., & Rachdi, H. (2014). Risk management tools practiced in Islamic banks: evidence in MENA region. Journal of Islamic Accounting and Business Research, 5(1), 77–97. https://doi.org/10.1108/JIABR-10-2012-0070
Bhasin, M. L. (2016). Combatting Bank Frauds by Integration of Technology : Experience of a Developing Country. British Jouranl of Research, February, 1–29.
Carvalho, A. O., Rodrigues, L. L., & Branco, M. C. (2017). Factors Influencing Voluntary Disclosure in the Annual Reports of Portuguese Foundations. In Voluntas (Vol. 28, Issue 5). https://doi.org/10.1007/s11266-017-9883-8
Chen, Y. K., Shen, C. H., Kao, L., & Yeh, C. Y. (2018). Bank Liquidity Risk and Performance. Review of Pacific Basin Financial Markets and Policies, 21(1). https://doi.org/10.1142/S0219091518500078
Dang, C., (Frank) Li, Z., & Yang, C. (2018). Measuring firm size in empirical corporate finance. Journal of Banking and Finance, 86, 159–176. https://doi.org/10.1016/j.jbankfin.2017.09.006
Delen, D., Kuzey, C., & Uyar, A. (2013). Measuring firm performance using financial ratios: A decision tree approach. Expert Systems with Applications, 40(10), 3970–3983. https://doi.org/10.1016/j.eswa.2013.01.012
Ellili, N., & Nobanee, H. (2017). Corporate Risk Disclosure of Islamic and Conventional Banks. SSRN Electronic Journal, 1–15. https://doi.org/10.2139/ssrn.2971480
Ellul, A., & Yerramilli, V. (2013). Stronger risk controls, lower risk: Evidence from U.S. bank holding companies. Journal of Finance, 68(5), 1757–1803. https://doi.org/10.1111/jofi.12057
Fadun, O., & Oye, D. (2020). Impacts of Operational Risk Management on Financial Performance: A Case of Commercial Banks in Nigeria. Fadun and Oye / International Journal of Finance & Banking Studies, 9(1), 22–35.
Francis, B., Hasan, I., & Li, L. (2016). Abnormal real operations, real earnings management, and subsequent crashes in stock prices. Review of Quantitative Finance and Accounting, 46(2), 217–260. https://doi.org/10.1007/s11156-014-0468-y
Hamal, S., & Senvar, O. (2021). Comparing performances and effectiveness of machine learning classifiers in detecting financial accounting fraud for turkish smes. International Journal of Computational Intelligence Systems, 14(1), 769–782. https://doi.org/10.2991/ijcis.d.210203.007
Handoko, B. L., & Ramadhani, K. A. (2017). Pengaruh Karakteristik Komite Audit, Keahlian Keuangan Dan Ukuran Perusahaan Terhadap Kemungkinan Kecurangan Laporan Keuangan [The Influence of Audit Committee Characteristics, Financial Expertise, and Company Size toward the Possibility of Financial Repo. DeReMa (Development Research of Management): Jurnal Manajemen, 12(1), 86. https://doi.org/10.19166/derema.v12i1.357
Handoko, B. L., Warganegara, D. L., & Ariyanto, S. (2020). The impact of financial distress, stability, and liquidity on the likelihood of financial statement fraud. Journal Of Archaeology Of Egypt/Egyptology, 17(7), 2383–2394.
Hasnan, S., Mohd Razali, M. H., & Mohamed Hussain, A. R. (2021). The effect of corporate governance and firm-specific characteristics on the incidence of financial restatement. Journal of Financial Crime, 28(1), 244–267. https://doi.org/10.1108/JFC-06-2020-0103
Indrati, M., & Magfiroh, F. (2023). The Effect of Net Profit Margin , Debt Equity Ratio , and Tax Planning on Earnings Management. International Journal of Multidisciplinary Research and Growth Evaluation, 06(05), 1933–1942. https://doi.org/10.47191/ijmra/v6-i5-14
Kanapickienė, R., & Grundienė, Ž. (2015). The Model of Fraud Detection in Financial Statements by Means of Financial Ratios. Procedia - Social and Behavioral Sciences, 213, 321–327. https://doi.org/10.1016/j.sbspro.2015.11.545
Kardhianti, O. K. C. S. (2022). Pengaruh Manajemen Laba Dan Good Corporate Governance. Jurnal Akuntansi Dan Keuangan, 4(3), 961–981.
Karina, R., & Soenarno, Y. N. (2022). The impact of financial distress, sustainability report disclosures, and firm size on earnings management in the banking sector of Indonesia, Malaysia, and Thailand. Journal of Accounting and Management Information Systems, 21(2), 289–309. https://doi.org/10.24818/jamis.2022.02007
Kinyua, J. K., Roselyn Gakure, Gekara, M., & Orwa, G. (2015). Effect of internal control systems on Financial performance of companies quoted in the Nairobi Securities Exchange. International Journal of Innovative Finance and Economics Research, 3(4), 29–48.
Kurniawan, A. (2021). Analysis of the effect of return on asset, debt to equity ratio, and total asset turnover on share return. Journal of Industrial Engineering & Management Research, 2(1), 64–72.
Kusumawardhani, P. (2013). Deteksi Financial Statement Fraud Dengan Analisis Fraud Triangle Pada Perusahaan Perbankan Yang Terdaftar Di Bei. The Master Guide to Controllers’ Best Practices, 445–448. https://doi.org/10.1002/9781119723349.ch15
Laeven, L., Ratnovski, L., & Tong, H. (2016). Bank size, capital, and systemic risk: Some international evidence. Journal of Banking and Finance, 69(June), S25–S34. https://doi.org/10.1016/j.jbankfin.2015.06.022
Madhani, P. M. (2016). Firm Size , Corporate Governance and Disclosure Practices : Inter-relations. Journal of Indian Management, 13(2), 1–28.
Matey, J. (2021). Bank Liquidity Risk and Bank Credit Risk: Implication on Bank Stability in Ghana. International Journal of Scientific Research in Multidisciplinary Studies, 7(4), 29–36.
Mongwe, W. T., & Malan, K. M. (2020). A survey of automated financial statement fraud detection with relevance to the South African context. South African Computer Journal, 32(1), 74–112. https://doi.org/10.18489/sacj.v32i1.777
Neifar, S., & Jarboui, A. (2018). Corporate governance and operational risk voluntary disclosure: Evidence from Islamic banks. Research in International Business and Finance, 46, 43–54. https://doi.org/10.1016/j.ribaf.2017.09.006
Nugroho, H. (2017). Analisis Financial Statement Fraud Dalam Perspektif Triangle Fraud Pada Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2010-2014. Jurnal STIE Gentiaras, IX(1), 1–9.
Pazarskis, M., Lazos, G., Koutoupis, A., & Drogalas, G. (2021). Preventing the Unpleasant : Financial Fraudulent Statements Detection using Financial Ratios Preventing the Unpleasant : Financial Fraudulent Statements Detection using Financial Ratios. Journal of Operational Risk, September, 1–20.
Siswantoro, S. (2020). Pengaruh faktor tekanan dan ukuran perusahaan terhadap kecurangan laporan keuangan. Jurnal Akuntansi, Keuangan, Dan Manajemen, 1(4), 287–300. https://doi.org/10.35912/jakman.v1i4.76
Waleed, A., Tisman, A., & Akhtar, A. (2016). Journal of Internet Banking and Commerce Exploring The Impact Of Liquidity On Profitability: Evidence From Banking Sector Of Pakistan. Journal of Internet Banking and Commerce, 21(3).
Yua, H., & Yua, P. M. (2020). Effect of Liquidity Management on the Financial Performance of Banks in Nigeria. European Journal of Business and Innovation Research, 8(4), 30–44. https://doi.org/10.37745/ejbir/vol8.no4.pp30-44.2020
Zainudin, E. F., & Hashim, H. A. (2016). Detecting Fraudulent Financial Reporting Using Financial Ratio Article Information. Journal of Financial Reporting and Accounting, 14(2), 266–276.
