Type of the article: Research Article AbstractWhistleblowing plays a critical role in fraud detection, especially in organizations where fraudulent activities can severely undermine performance and trust. This study, conducted at Universitas Muhammadiyah Surakarta (one of the leading private universities in Indonesia), examines how students in accounting and management programs decide to report misconduct, influenced by moral reasoning and ethical leadership. The data were collected in 2024 through an online questionnaire distributed to 246 accounting and management students who are likely to face ethical dilemmas in their professional environments.The findings reveal a significant correlation between ethical leadership (t = 6.788, p = 0.014) and moral reasoning (t = 2.411, p = 0.017) in shaping students’ propensity to engage in whistleblowing. Specifically, ethical leadership, characterized by leaders who prioritize integrity, transparency, and ethical behavior, significantly encourages individuals to report wrongdoing. Moreover, strong moral reasoning enables individuals to better understand ethical considerations, fostering an environment where whistleblowing is seen as a responsible action.Interestingly, although both factors positively influence whistleblowing decisions, moral reasoning does not moderate the effect of ethical leadership on these decisions (t = –0.479, p = 0.632). This suggests that ethical leadership acts as a direct motivator for whistleblowing, independent of an individual’s moral reasoning. Ultimately, this study underscores the importance of cultivating ethical leadership within organizations to support and encourage whistleblowing, thereby enhancing fraud detection mechanisms and overall organizational integrity. It offers valuable new insights into the dynamics of moral conduct and its implications for future organizational regulations.

Penelitian ini bertujuan untuk menganalisis pengujian financial distress Model Altman Z-Score, Springate Z-Score, Zmijewski X-Score, Grover, dan Taffler. Jenis penelitian yang digunakan dalam penelitian ini adalah penelitian kuantitatif. Populasi yang digunakan dalam penelitian ini ialah perusahaan sektor Pariwisata, Restoran, dan Hotel yang terdaftar di Bursa Efek Indonesia (BEI) yang sebanyak 48 perusahaan selama kurun waktu 3 tahun yaitu dimulai 2020-2022 berupa laporan keuangan. Metode pengambilan sampel yang digunakan dalam penelitian ini dilakukan secara teknik purposive sampling. Hasil penelitian diperoleh kesimpulan bahwa terdapat perbedaan signifikan model Altman Z-Score, terhadap model Springate S-Score, tidak terdapat perbedaan signifikan model Altman Z-Score terhadap model Zmijewski X-Score, terdapat perbedaan signifikan model Altman Z-Score terhadap model Grover, terdapat perbedaan signifikan model Altman Z-Score terhadap model Taffler, terdapat perbedaan signifikan model Springate S-Score terhadap model Zmijewski X-Score, terdapat perbedaan signifikan model Springate S-Score terhadap model Grover, terdapat perbedaan signifikan model Springate S-Score terhadap model Taffler, terdapat perbedaan signifikan model Zmijewski X-Score terhadap model Grover, terdapat perbedaan signifikan model Zmijewski X-Score terhadap model Taffler, dan terdapat perbedaan signifikan model Grover terhadap model Taffler. Kata Kunci: Financial distress, Model Altman Z-Score, Springate Z-Score, Zmijewski X-Score, Grover, Dan Taffler

Type of the article: Research ArticleAbstractThis paper empirically analyzes the influence of the Shariah Supervisory Board (SSB) and its characteristics on the disclosure of the Islamic Corporate Ethical Identity (ICEI) among 42 Islamic banks in Qatar, Indonesia, Saudi Arabia, Malaysia, the United Arab Emirates, and Turkey (collectively referred to as QISMUT) during the period 2019–2023. The study employs text analysis to measure the extent to which ICEI information is disclosed in these banks’ annual reports, demonstrating a significant increase in such disclosures over the analyzed period.The study utilizes descriptive statistics to provide a foundational understanding of the trends in ICEI reporting. Furthermore, it applies multiple regression analysis to ascertain the relationship between SSB characteristics and ICEI disclosures, controlling for variables such as bank size, financial performance, and economic performance. The findings reveal significant disparities in ICEI disclosure rates, with Turkey exhibiting the lowest levels and Saudi Arabia the highest. This variation indicates a notable deficiency in the emphasis on ICEI among Islamic banks within the region. Additionally, the study highlights a positive correlation between SSB characteristics and ICEI disclosure levels. Banks with larger SSBs, possessing diverse expertise, intellect, and reputable credentials, tend to show higher ICEI disclosure levels. This suggests that effective SSBs enhance the governance of Islamic banks, promoting adherence to Islamic ethical standards. However, intriguingly, the study finds a significant impact of ICEI disclosure on the financial performance of these banks. In conclusion, Islamic banks should strengthen governance and improve communication about ICEI disclosures to enhance transparency, accountability, and alignment with Islamic values, boosting financial performance.

Income Smoothing is an accounting strategy used by company management to reduce profit fluctuations from one period to another. The objective of this practice is to create the impression that the company has stable and predictable performance, thereby enhancing the confidence of investors, creditors, and other stakeholders. This study aims to analyze the effect of bonus plans, net profit margin (NPM), cash holding, firm value, and institutional ownership on income smoothing in infrastructure companies listed on the Indonesia Stock Exchange (IDX) for the 2021–2023 period. This research employs a quantitative method with a purposive sampling approach in sample selection. Data is obtained through documentation methods from the official IDX website and relevant company websites. The data analysis techniques used include descriptive analysis and logistic regression analysis with the assistance of SPSS software. The results indicate that cash holding and institutional ownership have a significant effect on income smoothing, while bonus plans, net profit margin, and firm value do not influence income smoothing.

This study aims to determine the effect of service quality, product quality, customer value and profit sharing on member satisfaction at Binama Islamic Cooperative, weleri branch. This type of research is quantitative. The data source is obtained by questionnaire. The population in this study were all members of the Binama Islamic Cooperative, weleri branch. The sampling technique used purposive sampling with certain criteria so that 109 respondents were obtained as a research sample. The data analysis technique uses Multiple Linear Regression Analysis using SPSS 25 software. The results of the study state that service quality, product quality, customer value and profit sharing have an influence on member satisfaction at the weleri branch of Binama Islamic Cooperative. Keywords: Service Quality, Product Quality, Customer Value, Profit Sharing, Member Satisfaction

This study examines the effects of sustainability and annual report readability on information asymmetry and firm value in high-profile industries. Using multiple regression analysis on 217 high-profile firms listed on the Indonesian Stock Exchange from 2017 to 2020, we assessed the relationships using FRE to measure readability scores and weighted least squares regression. Our findings indicate that both sustainability and annual report readability positively influence information asymmetry while negatively affecting firm value. We further validated these findings with non-linear and robustness tests, revealing non-linear relationships between the variables. This study bridges a gap in the relatively new field of readability of sustainability and CSR reporting in Asia, particularly in Indonesia. The results are useful for companies looking to adopt sustainability in their business models and improve report readability, thus aiding investors in accurately understanding company conditions. The study is context-specific to Indonesia, with limitations including the measurement of readability using FRE only on certain report sections. Future research could explore other readability indicators, variables affecting firm value, and a broader dataset.