ANALISIS

ANALISIS FENOMENOLOGI INTERPRETATIF TERKAIT PERSEPSI MASYARAKAT PEDESAAN TERHADAP WACANA ‘KEBAL DOLAR’

Niken Vintang Erdwiyana — 2026-09-27

This study examines the lived experiences of rural communities regarding the indirect transmission of the US dollar exchange rate and their perceptions of the "Dollar Immunity" (Kebal Dolar) discourse. It explicitly analyzes phenomenological responses to President Prabowo Subianto's statement made during the inauguration of the Marsinah Museum in Nganjuk, East Java, on May 16, 2026: "Rupiah begini, rupiah begitu, apa? dolar begini, dolar. Orang rakyat di desa enggak pakai dolar kok. " (Let the dollar reach however many thousands, village people don't use dollars anyway). This statement, intended to reassure the public amid global panic by asserting domestic food and energy security, constructed a narrative that rural communities are immune to foreign exchange fluctuations. Using Interpretative Phenomenological Analysis (IPA) combined with a vignette technique, this study involved six purposively selected informants from various socio-economic backgrounds (e.g., farmers, traders, and laborers) to capture diverse grassroots perspectives. As a knowledge translation component, an interactive dissemination microsite was developed. The findings reveal three core themes: (1) awareness of indirect transmission, where economically active informants identified exchange rate transmission channels to local prices (agricultural inputs, food, energy) without formal terminology, leading to behavioral adaptations; (2) dominant dissonance in debunking the "Dollar Immunity" myth, with four out of six informants explicitly disagreeing with the political claim based on empirical price increases; and (3) perceptions of elite–community distance. As an additional finding, the mismatch between the "Dollar Immunity" narrative and daily economic realities is aligned with an erosion of institutional trust among highly impacted informants. This research contributes to development economics by demonstrating that macro-level exchange rate transmission is phenomenologically real to rural communities, emphasizing the need for data-driven, context-aware policy communication.

OPTIMALISASI PENGENDALIAN KUALITAS MATERIAL: MENGGABUNGKAN KEKUATAN DMAIC, ALWAYS-BETTER-CONTROL SYSTEM, DAN FISHBONE SEBAGAI UPAYA REDUKSI REJECT

Alfonsa Dian Sumarna — 2026-09-27

Inventory management is the process by which a company records inventory information, including the weight, dimensions, quantity, and location of goods. The company recorded material inventory but found excess material that was rejected. The problem in the research field is that excess material is treated as rejected material, especially for the Assy Fiber IFC material. IFC Assy Fiber material had the highest reject rate. This research presents a systematic procedure for identifying the root causes of rejects and controlling them sustainably using the DMAIC (Define, Measure, Analyze, Improve, Control) concept as a baseline for ABC (Always-Better-Control) and fishbone analysis. According to the ABC analysis, the highest level of material usage is Assy Fiber Plastic Sh, at 64%. This is followed by an analysis of fishbone material rejection caused by several factors, such as machine set-up errors and worn machine spare parts (machine factors), operator negligence in material handling (man factors), lack of process detail (method factors), unsuitable material characteristics (material factors), equipment calibration (measurement factors), and lack of implementation of 5R (environmental factors).

PENERIMAAN SEKTOR PERTAMBANGAN DAN TINGKAT KEMISKINAN: BUKTI EMPIRIS DARI PROVINSI DI INDONESIA

Putu Ryan Astrawan — 2026-09-27

This study examines the relationship between mining sector revenue and poverty across 34 Indonesian provinces during 2015–2025, using panel data regression based on 374 annual provincial observations. Chow, Hausman, and Lagrange Multiplier tests indicate that the Random Effects model is the most appropriate specification. The results show that, nationally, higher mining sector revenue significantly reduces poverty. However, descriptive evidence reveals substantial regional disparities. The poverty-reducing effect is more evident in provinces with relatively strong governance, such as East Kalimantan and South Kalimantan, whereas other mining-producing regions, including Papua and West Papua, have not effectively translated mining revenue into meaningful poverty reduction. These findings indicate that mining revenue alone does not guarantee poverty alleviation. Therefore, revenue-sharing and downstream processing policies should prioritize strengthening local governance and fiscal accountability rather than merely increasing mining revenue.

THIN CAPITALIZATION, KONSERVATISME AKUNTANSI, FINANCIAL DISTRESS, DAN PENGHINDARAN PAJAK

Azahra Ahmadina — 2026-09-27

This study aims to analyze the influence of thin capitalization, accounting conservatism, and financial distress on tax avoidance in food and beverage industry companies listed on the Indonesia Stock Exchange (IDX) during the period 2021–2025. Employing a quantitative associative approach, the research utilizes secondary data obtained from annual financial reports of these companies. A purposive sampling method was used, resulting in 60 balanced panel data observations. Tax avoidance, the dependent variable, is proxied by the Book-Tax Difference (BTD). The independent variables include thin capitalization, proxied by the Debt to Equity Ratio (DER), accounting conservatism using CONACC, and financial distress using the Debt to Asset Ratio (DAR). The panel data regression analysis results, using the Common Effect Model (CEM), indicate that all three independent variables significantly and positively affect tax avoidance, both partially and simultaneously. The model explains 64.84% of the variation in tax avoidance

CASH-FLOW RESILIENCE, FINANCIAL PLANNING PRACTICES AND FINANCIAL RESILIENCE AMONG SMALL-SCALE FISHERS

Martha Racwel Patty — 2026-09-27

Small-scale fishers in borderland archipelagic regions face income uncertainty, financing constraints, and liquidity pressures that can weaken financial resilience. This study examines the relationship between Financial Planning Practices (FPP) and Financial Resilience (FR), both directly and indirectly through Cash-Flow Resilience (CFR), among small-scale fishers in Southwest Maluku, Indonesia. Using an explanatory cross-sectional quantitative design, data were collected from 221 owner-managers of fishing enterprises through stratified multistage sampling and analyzed using PLS-SEM. The results show that FPP is positively associated with CFR (? = 0.620; p < 0.001), CFR with FR (? = 0.581; p < 0.001), and FPP directly with FR (? = 0.336; p < 0.001). The indirect effect of FPP on FR through CFR is also significant (? = 0.360; p < 0.001), indicating complementary partial mediation. FPP and CFR jointly explain 69.2% of the variance in FR. The findings position CFR as an adaptive mechanism that opens the black box between financial planning and financial resilience. Theoretically, the study integrates the Theory of Financial Planning Behaviour and Dynamic Capability Theory; practically, it highlights the importance of cost planning, sales-proceeds management, and liquidity reserves for fishers operating in borderland archipelagic settings.

TUNNELING INCENTIVE SEBAGAI PEMODERASI PENGARUH BEBAN PAJAK TANGGUHAN DAN DEBT COVENANT TERHADAP TRANSFER PRICING

Listya Apriyani Lipat Koren — 2026-09-26

Transfer pricing has become a critical issue among tax practitioners, finance professionals, and academics in
structuring related-party transactions. This study aims to examine Tunneling Incentive as a moderator of the
effect of Deferred Tax Expense and Debt Covenant on Transfer Pricing in consumer non-cyclicals companies
for the 2021-2025 period, with a sample of 13 companies and 65 observations selected through purposive
sampling. Using a quantitative approach and Eviews 13 analysis with the Fixed Effect Model (FEM), the results
indicate that (1) partially, tunneling incentive is unable to moderate the relationship between deferred tax
expense on transfer pricing, (2) it significantly strengthens the effect of debt covenant on transfer pricing, and
(3) deferred tax expense, debt covenant, and the moderating variable simultaneously have a significant effect
on transfer pricing.

ALGORITHMIC INFORMATION AND MANAGERIAL INTERPRETATION: THE MEDIATING ROLE OF RELIANCE ON ALGORITHMIC RECOMMENDATION

Komang Widhya Sedana P. Putra — 2026-09-27

The increasing use of artificial intelligence and algorithmic systems has transformed managerial decision-making by providing predictions, evaluations, and recommendations as inputs to organizational decisions. However, the way managers respond to algorithmic information remains insufficiently understood, particularly regarding the behavioral mechanism linking algorithmic information with managerial interpretation. This study aims to examine the effects of Algorithmic Information on Reliance on Algorithmic Recommendation and Managerial Interpretation, as well as to test the mediating role of Reliance on Algorithmic Recommendation. Drawing on Bounded Rationality and Behavioral Theory of the Firm, the study proposes that algorithmic information influences managerial interpretation both directly and indirectly through reliance on algorithmic recommendations. A quantitative approach was employed using survey data from 150 respondents, with the proposed relationships tested using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results demonstrate that Algorithmic Information has a significant positive effect on Managerial Interpretation (? = 0.519, p < 0.001) and Reliance on Algorithmic Recommendation (? = 0.687, p < 0.001). Reliance on Algorithmic Recommendation also has a significant positive effect on Managerial Interpretation (? = 0.382, p < 0.001). Furthermore, the indirect effect of Algorithmic Information on Managerial Interpretation through Reliance on Algorithmic Recommendation is significant (? = 0.263, p < 0.001), indicating complementary mediation. These findings demonstrate that managerial interaction with algorithmic systems involves both direct informational and behavioral pathways. The study contributes to human–AI decision-making literature by positioning reliance on algorithmic recommendations as a behavioral mechanism connecting algorithmic information with managerial interpretation.

PENGARUH KEPEMILIKAN INSTITUSIONAL TERHADAP PENGHINDARAN PAJAK DENGAN KEBERAGAMAN GENDER SEBAGAI VARIABEL MODERASI

Nanda Fathiya Rizky — 2026-09-27

This study examines the influence of institutional ownership on tax avoidance practices among non-cyclical consumer sector companies listed on the Indonesia Stock Exchange (IDX) during the 2021–2024 period, while also evaluating the role of gender diversity as a moderating variable. To control for the impact of corporate profitability, Return on Equity (ROE) is incorporated as a control variable. Using a purposive sampling technique applied to a population of 131 companies over the four-year observation period, a final sample of 42 listed companies was obtained. Data analysis was conducted using EViews 12 software, encompassing descriptive statistics, panel data regression model estimation and goodness-of-fit testing, classical assumption testing, hypothesis testing, and Moderated Regression Analysis (MRA). Empirical results indicate that institutional ownership has no significant impact on tax avoidance, and gender diversity was found not to moderate the relationship between these two variables

ANALISIS GOING CONCERN DENGAN Z-SCORE BUMD DI LINGKUNGAN PEMERINTAH PROPINSI SUMATERA UTARA

Khairul Amri Hasibuan — 2026-09-27

This study aims to assess the going concern status of non-financial Regional-Owned Enterprises (BUMD) under the North Sumatra Provincial Government based on their financial statements. The study population consists of non-financial BUMDs within the North Sumatra Provincial Government. A purposive sampling method was employed to select the sample from this population. Data collection relied on secondary sources specifically, financial statements audited by public accountants for the years 2022 and 2023, as published on the North Sumatra Provincial Government's official website. Z-Score analysis was used to evaluate going concern status based on these financial statements. The results indicate that, based on the 2022 audited financial statements, two BUMDs fell within the bankruptcy zone, while three were in the healthy zone. Regarding the 2023 audited financial statements, three BUMDs were in the healthy zone, one was in the grey zone, and one was in the bankruptcy zone. These findings serve as a signal for the North Sumatra Provincial Government and its partners to pay close attention to the companies' conditions and to rescue BUMDs from the threat of bankruptcy steering them toward financial health by implementing the recommendations found in the Independent Auditor's Reports.

A AKUNTABILITAS DAN TRANSPARANSI LAPORAN KEUANGAN DALAM PENGELOLAAN ZAKAT, INFAK, DAN SEDEKAH (ZIS) PADA LEMBAGA BAITUL MAL KOTA SUBULUSSALAM

Irhamuddin — 2026-09-27

This study aims to analyze the accountability and transparency of financial reporting in the management of zakat, infaq, and sadaqah (ZIS) at Baitul Mal of Subulussalam City. The study employed a descriptive qualitative approach. Data were collected through interviews, documentation, and literature review, with financial documents for the 2023–2025 period and information from relevant informants used as the main sources. The findings show that Baitul Mal of Subulussalam City has implemented accountability through periodic financial reporting, transaction documentation, reporting to the local government, and oversight mechanisms. The institution prepares financial statements consisting of a statement of financial position, operational report, statement of changes in equity, cash flow statement, and notes to the financial statements based on Government Accounting Standards (SAP). However, when assessed against PSAK 409 on Zakat, Infaq, and Sadaqah Accounting, the presentation is not yet fully aligned because a statement of changes in funds has not been presented and zakat funds, infaq/sadaqah funds, and amil funds have not been separately presented. Transparency has been supported by the availability of information on ZIS collection and distribution through the institution's information media and website, although the completeness and periodic updating of public financial information still need improvement. The study recommends harmonizing government reporting requirements with ZIS-specific accounting information under PSAK 409.