Erosion of Company Value: Impact of Financial Statement Fraud in Diamond Theory

References

[1] Ambarwati, Jenny. 2021. “Pengaruh Likuiditas Dan Profitabilitas Terhadap Nilai Perusahaan.” Competitive Jurnal Akuntansi dan Keuangan 5(2): 128.

[2] Anindya, Jesi Rizky, and Desi Adhariani. 2019. “Fraud Risk Factors and Tendency to Commit Fraud: Analysis of Employees’ Perceptions.” International Journal of Ethics and Systems 35(4): 545–57.

[3] Association of Certified Fraud Examiners. 2020. “Report to the Nations on Occupational Fraud and Abuse: 2020 Global Fraud Study.” Association of Certified Fraud Examiners, Inc.: 1–88.

[4] Daniel T. H. Manurung, Andhika Ligar Hardika. 2015. “Analysis of Factors That Influence Financial Statement Fraud in the Perspective Fraud Diamond: Empirical Study on Banking Companies Listed on the Indonesia Stock Exchange Year 2012 to 2014 Daniel.” International Conference on Accounting Studies (ICAS) 2015.

[5] Diansari, Rani Eka, and Arum Tri Wijaya. 2019. “Diamond Fraud Analysis in Detecting Financial Statement Fraud.” Journal of Business and Information Systems (e-ISSN: 2685-2543) 1(2): 63–76.

[6] Drice, Cathy, and Nunung Nuryani. 2022. “Pendeteksian Kecurangan Pelaporan Keuangan Menggunakan Model Fraud Diamond.” Portofolio: Jurnal Ekonomi, Bisnis, Manajemen, dan Akuntansi 17(2): 90–109.

[7] Elviani, Desi, Syahril Ali, and Rahmat Kurniawan. 2020. “Pengaruh Kecurangan Laporan Keuangan Terhadap Nilai Perusahaan: Ditinjau Dari Perspektif Fraud Pentagon (Kasus Di Indonesia).” Jurnal Ilmiah Universitas Batanghari Jambi 20(1): 121.

[8] Hasnan, Suhaily, Mardhiahtul Huda Mohd Razali, and Alfiatul Rohmah Mohamed Hussain. 2021. “The Effect of Corporate Governance and Firm-Specific Characteristics on the Incidence of Financial Restatement.” Journal of Financial Crime 28(1): 244–67.

[9] Ibrahim, Lukman, Hidayat Darwis, and Supriatiningsih Supriatiningsih. 2022. “Mekanisme Good Corporate Governance Dalam Menekan Tindakan Kecurangan Pada Perusahaan Go Green Di Indonesia.” Jurnal Akuntansi 11(2): 248–63.

[10] Ijudien, Didin. 2018. “Pengaruh Stabilitas Keuangan, Kondisi Industri, Dan Tekanan Eksternal Terhadap Kecurangan Laporan Keuangan.” Jurnal Kajian Akuntansi 2(1): 82.

[11] Kalbuana, Nawang et al. 2022. “Effect of Profitability, Audit Committee, Company Size, Activity, and Board of Directors on Sustainability.” Cogent Business and Management 9(1).

[12] Kalbuana, Nawang, Muhamad Taqi, Lia Uzliawati, and Dadan Ramdhani. 2023. “CEO Narcissism , Corporate Governance , Financial Distress , and Company Size on Corporate Tax Avoidance CEO Narcissism , Corporate Governance , Financial Distress , and Company Size on Corporate Tax.” Cogent Business & Management 10(1): 0–22.

[13] Khamainy, Arief Hidayatullah, Mahrus Ali, and M. Arif Setiawan. 2022. “Detecting Financial Statement Fraud through New Fraud Diamond Model: The Case of Indonesia.” Journal of Financial Crime 29(3): 925–41.

[14] Kurniati, Raden, Ajeng Shofiyah, and Dani Sopian. 2020. “Pengaruh Financial Stability, Financial Target, Dan External Pressure Terhadap Kecurangan Laporan Keuangan (Studi Pada Perusahaan Manufaktur Industri Barang Konsumsi Yang Terdaftar Di Bursa Efek Indonesia Periode 2015–2019).” JSMA (Jurnal Sains Manajemen & Akuntansi): 1–22.

[15] Lastanti, Hexana Sri, Etty Murwaningsari, and Haryono Umar. 2022. “The Effect Of Hexagon Fraud On Fraud Financial Statements With Governance And Culture As Moderating Variables.” Media Riset Akuntansi, Auditing & Informasi 22(1): 143–56.

[16] Mia Tri Puspitaningrum, Eindye Taufiq, And Satria Yudhia Wijaya. 2019. “Pengaruh Fraud Triangle Sebagai Prediktor Kecurangan Pelaporan Keuangan.” Jurnal Bisnis dan Akuntansi 21(1): 77–88.

[17] Nazilla Deva Luvita. 2021. “Pengaruh External Pressure, Financial Stability, Ineffective Monitoring Dan Rationalization Terhadap Kecurangan Laporan Keuangan Dengan Perspektif Fraud Triangle.” Paper Knowledge . Toward a Media History of Documents 3(2): 6.

[18] Oktaviany, Fanny, and Reskino. 2023. “Financial Statement Fraud: Pengujian Fraud Hexagon Dengan Moderasi Audit Committee.” Jurnal Bisnis dan Akuntansi 25(1): 91–118.

[19] Purnama, Sukma Indah, and Ida Bagus Putra Astika. 2022. “Financial Stability, Personal Financial Need, Financial Target, External Pressure Dan Financial Statement Fraud.” E-Jurnal Akuntansi 32(1): 3522.

[20] Purwaningtyas, Novi Anjar, and Sri Ayem. 2021. “Analisis Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan.” Kajian Bisnis Sekolah Tinggi Ilmu Ekonomi Widya Wiwaha 29(1): 69–91.

[21] Purwitasasi, Fadilla. 2020. 16 Equilibrium: Jurnal Ekonomi-Manajemen-Akuntansi Pengaruh Praktik Manajemen Laba Pada Reputasi Perusahaan.

[22] Rizkiawan, M., and Subagio Subagio. 2023. “Analisis Fraud Hexagon Dan Tata Kelola Perusahaan Atas Adanya Kecurangan Dalam Laporan Keuangan.” Integritas : Jurnal Antikorupsi 8(2): 269–82.

[23] Rukmana, Heru S. 2018. “Pentagon Fraud Effect on Financial Statement Fraud and Firm Value.” South East Asia Journal of Contemporary Business, Economics and Law 16(5): 118–22.

[24] Rukmana, Heru Satria. 2018. “Pentagon Fraud Affect On Financial Statement Fraud And Firm Value Evidence In Indonesia.” South East Asia Journal of Contemporary Business, Economics and Law 16(5): 118–22.

[25] Salsabila, Maisyarah. 2018. “Pengaruh Rotasi Kap Dan Fee Audit Terhadap Kualitas Audit.” Jurnal Riset Akuntansi dan Bisnis 18(1): 51–66.

[26] Samukri, S, S Supriatiningsih, Ridwan Saleh, and Amelia Eka Syafitri. 2022. “Auditor Competence and The Use of Information Technology in Produce Quality Audits in The Era of The Industrial Revolution 4 . 0 ( Study on Auditors at KAP South Jakarta , Indonesia ).” Iconic research and Engineering Journal 5(11): 13–21.

[27] Siddiq, Rahman Faiz, Fatchan Achyani, and Zulfikar. 2017. “Fraud Pentagon Dalam Mendeteksi Financial Statement Fraud.” Seminar Nasional dan the 4Th Call for Syariah Paper (ISSN 2460-0784): 1–14.

[28] Skousen, Christopher, Kevin Smith, and Charlotte Wright. 2008. “Detecting and Predicting Financial Statement Fraud: The Effectiveness of the Fraud Triangle and SAS No. 99.” Advances in Financial Economics 13.

[29] Street, Daniel A., and Dana R. Hermanson. 2019. “How Do Restatements Affect Outside Directors and Boards? A Review of the Literature.” Journal of Accounting Literature 43: 19–46.

[30] Supriatiningsih et al. 2023. “A Moderation Variable’s Impact of the Triangle Theory of Fraudulent Financial Reporting with Managerial Ownership.” Review of Economics and Finance 21: 2375–83.

[31] Supriatiningsih, Hidayat Darwis. 2023a. “Optimalisasi Assistensi Pelaporan SPT Tahunan Orang Pribadi Dengan Program Tax Goes To Campus.” Jurnal Pengabdian Kepada Masyarakat (JPKM) Langit Biru Politeknik 4(01): 41–46.

[32] Supriatiningsih, Hidayat Darwis 2023b. “Peran Corporate Governance Terhadap Tax Avoidance Pada Perusahaan Di Indonesia.” Widyakala Journal 10(1): 20–28. https://ojs.upj.ac.id/index.php/journal_widya/.

[33] Taqi;, Supriatiningsih; Muhamad, Lia Uzliawati, and Munawar Muchlish. 2024. “Determinants Of The Triangle Model On Fraud Financial Reporting With Institutional Ownership.” Economic Studies Journal 33(4): 75–89.

[34] Tiffani, Laila, and Marfuah. 2015. “Deteksi Financial Statement Fraud Dengan Analisis Fraud Triangel Pada Perusahaan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Akuntansi dan Auditing Indonesia 19(2): 112–25.

[35] Utami, Intiyas, Sutarto Wijono, Suzy Noviyanti, and Nafsiah Mohamed. 2019. “Fraud Diamond, Machiavellianism and Fraud Intention.” International Journal of Ethics and Systems 35(4): 531–44.

[36] Utami, Revina Resty, Yetty Murni, and Widyaningsih Azizah. 2022. “Pengaruh Financial Target, Ineffective Monitoring, Pergantian Auditor, Dan Perubahan Direksi Terhadap Kecurangan Laporan Keuangan.” Widyakala: Journal of Pembangunan Jaya University 9(2): 99.

[37] Varghese, George, and Aghila Sasidharan. 2020. “Impact Of Ownership Structure And Board Characteristics On Firm Value: Evidence From China And India.” Research in Finance 36: 217–34.

[38] Wahyuni, Wahyuni, Inten Meutia, and Syamsurijal Syamsurijal. 2019. “The Effect of Green Accounting Implementation on Improving the Environmental Performance of Mining and Energy Companies in Indonesia.” Binus Business Review 10(2): 131–37.

[39] Yanti, Delviana Dama, and Munari. 2021. “Analisis Fraud Pentagon Terhadap Perusahan Manufaktur Yang Terdaftar Di Bursa Efek Indonesia.” Jurnal Ilmiah Manajemen Ubhara 3(1): 153–68.

@article{1706047,
      author = {Supriatiningsih , Hidayat Darwis, Nova Rini},
      title = {Erosion of Company Value: Impact of Financial Statement Fraud in Diamond Theory},
      journal = {Iconic Research And Engineering Journals},
      year = {2024},
      volume = {8},
      number = {1},
      pages = {214-222},
      issn = {2456-8880},
      url = {https://www.irejournals.com/formatedpaper/17060471.pdf},
      abstract = {Fraud in financial statements can significantly affect the value of a company. The risk that the company must bear if it commits financial statement fraud is that investors and company stakeholders no longer trust the company, so they will withdraw their shares from the company. The purpose of this research is to examine how Diamond theory factors influence financial statement fraud and how they influence company value. The population comes from companies indexed by Sri Kehati shares and listed on the Indonesia Stock Exchange, there are 14 companies, between 2017 and 2021 providing a secondary data sample of 70. Data processing uses the Eviews12 program. Research on the Sri Kehati indexing company revealed that there was no significant relationship between financial target (ROA), change of director and change of audit on financial report fraud. Rationalization has an effect on financial report fraud, while financial report fraud has no impact on company value},
      keywords = {Change of director, Diamond theory, firm value, financial target, Fraudulent financial reporting},
      month = {July},
  }