FINANCIAL TARGETS AND EXTERNAL PRESSURE ON FINANCIAL STATEMENT FRAUD: FEMALE FINANCIAL EXPERTISE AS THE MODERATING VARIABLE
Keywords:
Financial Statement Fraud, Female Financial Expertise, Financial Target, External Pressure
Abstract
This research aims to analyze the influence of financial targets and external pressure on financial statement fraud and the effect of female financial expertise as a moderating variable. The object of this research is banking companies listed on the Indonesia Stock Exchange (IDX) for the 2018–2022 period. Based on purposive sampling, 99 observations were obtained that met the criteria. The analysis technique used was PLS-SEM Warp PLS 8.0. This research shows that financial targets and external pressure positively and significantly affect financial statement fraud. The moderating effect of female financial expertise strengthens the influence of financial targets on financial statement fraud. The moderating effect of female financial expertise weakens the influence of external pressure on financial statement fraud. Theoretically, this research contributes to the study of agency theory. Practically, this research is useful for companies to monitor the financial skills of female directors of companies whose expertise includes a CPA or MBA degree, which can reduce the probability of financial statement fraud.
References
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Handajani, Lilik, Saipul Arni Muhsyaf, and Ayudia Sokarina. 2023. “The Effectiveness of Corporate Governance and Whistleblowing System on Fraud Disclosure.” Jurnal Ilmiah Akuntansi Dan Bisnis 18 (1): 29. https://doi.org/10.24843/jiab.2023.v18.i01.p03.
K, I Gusti Ngurah Hiwa Sawaka, and I Wayan Ramantha. 2020. “Fraud Pentagon Theory in Detecting Financial Perception of Financial Reporting with Good Corporate Governance as Moderator Variable.” International Research Journal of Management, IT and Social Sciences 7 (1): 84–94. https://doi.org/10.21744/irjmis.v7n1.824.
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———. 2024. “Spotlight on Fraud Risk in Hospitality a Systematic Literature Review.” International Journal of Hospitality Management 116 (November 2023): 103630. https://doi.org/10.1016/j.ijhm.2023.103630.
Kurnia, Aidil Adherian, and Idrianita Anis. 2017. “Analisis Fraud Pentagon Dalam Mendeteksi Kecurangan Laporan Keuangan Dengan Menggunakan Fraud Score Model.” Simposium Nasional Akuntansi, XX, JEMBER 10 (1): 1–30. https://doi.org/10.37676/ekombis.v10i1.1651.
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. https://doi.org/10.25105/mraai.v22i1.13533.
Lenard, Mary Jane, Bing Yu, E. Anne York, and Shengxiong Wu. 2017. “Female Business Leaders and the Incidence of Fraud Litigation.” Managerial Finance 43 (1): 59–75. https://doi.org/10.1108/MF-04-2016-0123.
Li, Jianping, Yanpeng Chang, Yinghui Wang, and Xiaoqian Zhu. 2023. “Tracking down Financial Statement Fraud by Analyzing the Supplier-Customer Relationship Network.” Computers & Industrial Engineering 178. https://doi.org/https://doi.org/10.1016/j.cie.2023.109118.
Maghfiroh, Nur, Komala Ardiyani, and Syafnita. 2015. “ANALISIS PENGARUH FINANCIAL STABILITY , PERSONAL FINANCIAL NEED , EXTERNAL PRESSURE , DAN INEFFECTIVE MONITORING PADA FINANCIAL STATEMENT FRAUD DALAM Nur Maghfiroh Komala Ardiyani Syafnita Fakultas Ekonomi Universitas Pekalongan.” Jurnal Ekonomi Dan Bisnis 16 (2008): 51–66.
Manurung, Daniel T.H, and Andhika Ligar Hardika. 2019. “Analysis of Factors That Influence Financial Statement Fraud In The Perspective Fraud Triangle: Empirical Study on Banking Companies In Indonesia.” https://doi.org/10.4108/eai.18-7-2019.2288648.
Masruroh, Siti, and Anita Carolina. 2022. “Beneish Model: Detection of Indications of Financial Statement Fraud Using CEO Characteristics.” Asia Pacific Fraud Journal 7 (1): 85. https://doi.org/10.21532/apfjournal.v7i1.258.
Maula, Kholida Atiyatul, and Arif Rakhman. 2018. “PENGARUH BOARD DIVERSITY (CEO WANITA, CFO WANITA, PROPORSI DEWAN KOMISARIS WANITA, PROPORSI KOMITE AUDIT WANITA) TERHADAP PELANGGARAN ATURAN LAPORAN KEUANGAN.” Journal of Accounting and Finance 3 (01): 431–45.
Mediawati, Elis, and Vira Nurul Fadhila. 2021. “Fraud Tendency in Islamic Banks.” Jurnal ASET (Akuntansi Riset) 13 (1): 72–84. https://doi.org/10.17509/jaset.v13i1.34624.
Nanda, Satria tri, Neneng Salmiah, and Dina Mulyana. 2019. “Fraudulent Financial Reporting: A Pentagon Fraud Analysis.” Jurnal Ilmiah Ekonomi Dan Bisnis 16 (2): 122–34. https://doi.org/10.31849/jieb.v16i2.2678.
Nanda, Satria Tri, Raisya Zenita, and Neneng Salmiah. 2019. “Fraudulent Financial Reporting: A Fraud Pentagon Analysis.” GATR Accounting and Finance Review 4 (4): 106–13. https://doi.org/10.35609/afr.2019.4.4(2).
Nasir, Noorul Azwin Binti Md, Muhammad Jahangir Ali, and Kamran Ahmed. 2019. “Corporate Governance, Board Ethnicity and Financial Statement Fraud: Evidence from Malaysia.” Accounting Research Journal 32 (3): 514–31. https://doi.org/10.1108/ARJ-02-2018-0024.
Ngo, Diem Nhat Phuong, and Cong Van Nguyen. 2022. “Does the CEO’s Financial and Accounting Expertise Affect the Financial Reporting Quality? Evidence from an Emerging Economy.” Journal of Financial Reporting and Accounting. https://doi.org/https://www.emerald.com/insight/content/doi/10.1108/JFRA-09-2021-0301/full/html.
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