Date Log
Submitted
8 February 2021
Accepted
7 October 2021
Published
7 September 2021
Audit Delay and Risk Management Disclosure in Capital Market: Some Nexus Considerations
Corresponding Author(s) : Lince Bulutoding
Jurnal Minds: Manajemen Ide dan Inspirasi,
Vol. 8 No. 2 (2021): December
Abstract
The reluctance of modern firms to disclose their risk management is often investigated; however, how it interacts with audit delay is still underrepresented in academic investigations. This article thus provides a glimpse of how profitability and leverage serve as predictors of audit delay and the risk management disclosure in Indonesia-listed firms, aside from managerial ownership as the moderating variable. A five-year market movement becomes the investigated data in a quantitative approach. The findings reveal that profitability and leverage are not related to risk management disclosure, but they affect audit delay and subsequently to the disclosure. Managerial ownership also boosts the relationships of the dependent variables. No Indirect relationships are reported.
Keywords
Risk Management Disclosure
Audit Delay
Ownership
Leverage
Profitability
Bulutoding, L. (2021). Audit Delay and Risk Management Disclosure in Capital Market: Some Nexus Considerations. Jurnal Minds: Manajemen Ide Dan Inspirasi, 8(2), 255–268. https://doi.org/10.24252/minds.v8i2.19319
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References
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Abdullah, M., Shukor, Z. A., & Rahmat, M. M. (2017). The influences of risk management committee and audit committee towards voluntary risk management disclosure. Jurnal Pengurusan, 50. https://doi.org/10.17576/pengurusan-2017-50-08
Al Mamun, M., Balachandran, B., & Duong, H. N. (2020). Powerful CEOs and stock price crash risk. Journal of Corporate Finance. https://doi.org/10.1016/j.jcorpfin.2020.101582
Albanese, R., Dacin, M.T., Harris, I. C. (1997). Agents as Stewards. Academy of Management Review.
Almazari, A. A. (2013). Capital Adequacy, Cost Income Ratio and the Performance of Saudi Banks (2007-2011). International Journal of Academic Research in Accounting.
Alwi, Z., Parmitasari, R. D. A., Syariati, A., & Sidik, R. binti. (2021). Hadith Corresponding Thoughts on the Ethical Interacting Behavior of Young Entrepreneurs in Indonesia. Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2021.vol8.no3.0331
Arakcheev, A., Baklanova, V., & Tanega, J. (2011). Islamic money management: a western view. Capital Markets Law Journal. https://doi.org/10.1093/cmlj/kmq032
Astuti, R. N., Fachrurrozie, F., Amal, M. I., & Zahra, S. F. (2020). Does audit committee quality mediate determinants of intellectual capital disclosure? Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2020.vol7.no7.199
Bae, C. H., & Woo, Y. S. (2015). The effect of audit report lag and management discretionary report lag on analyst forecasts: Evidence from Korea. Investment Management and Financial Innovations, 12(1).
Barth, M. E., Hodder, L. D., & Stubben, S. R. (2008). Fair value accounting for liabilities and own credit risk. Accounting Review. https://doi.org/10.2308/accr.2008.83.3.629
Borghei-Ghomi, Z., & Leung, P. (2013). An Empirical Analysis of the Determinants of Greenhouse Gas Voluntary Disclosure in Australia. Accounting and Finance Research. https://doi.org/10.5430/afr.v2n1p110
Daniel, K. D., Hirshleifer, D., & Subrahmanyam, A. (1998). Daniel, Kent / Hirshleifer, David / Subrahmanyam, Avanidhar (1998): Investor Psychology and Security Market Under- and Overreactions, Journal of Finance 53, 1839-1886. Journal of Finance. https://doi.org/10.2307/117455
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review. https://doi.org/10.5465/AMR.1997.9707180258
DIAMOND, D. W. (1985). Optimal Release of Information By Firms. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1985.tb02364.x
Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: Australian Journal of Management.
Doraisamy, B., Shanmugam, A., & Raman, R. (2011). A Study on Consumers’ Preferences of Islamic Banking Products and Services in Sungai Petani. Academic Research International.
Elshandidy, T., Fraser, I., & Hussainey, K. (2013). Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies. International Review of Financial Analysis, 30, 320–333. https://doi.org/10.1016/j.irfa.2013.07.010
Frank, M. Z., & Goyal, V. K. (2007). Trade-Off and Pecking Order Theories of Debt. In Handbook of Empirical Corporate Finance SET. https://doi.org/10.1016/B978-0-444-53265-7.50004-4
Galani, D., Alexandridis, A., & Stavropoulos, A. (2011). The association between the firm characteristics and corporate mandatory disclosure the case of Greece. World Academy of Science, Engineering and Technology, 77, 1048–1054.
Gibson, K. (2012). Stakeholders and Sustainability: An Evolving Theory. Journal of Business Ethics, 109(1), 15–25. https://doi.org/10.1007/s10551-012-1376-5
Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate Data Analysis: A Global Perspective. In Multivariate Data Analysis: A Global Perspective (Vol. 7th).
Hellwig, M. F. (2009). A reconsideration of the Jensen-Meckling model of outside finance. Journal of Financial Intermediation, 18(4). https://doi.org/10.1016/j.jfi.2007.09.001
Iatridis, G. E. (2011). Accounting disclosures, accounting quality and conditional and unconditional conservatism. International Review of Financial Analysis, 20(2), 88–102. https://doi.org/10.1016/j.irfa.2011.02.013
Ismawati, I. (2016). Pasar Uang Dalam Perspektif Islam. Jurnal Minds: Manajemen Ide Dan Inspirasi, 3(1), 96-106. https://doi.org/10.24252/minds.v3i1.4615
Jensen, M. (2001). Value maximisation, stakeholder theory, and the corporate objective function. European Financial Management, 7(3), 297–317. https://doi.org/10.1111/1468-036X.00158
Jensen, M. C., & Meckling, W. H. (1994). THE NATURE OF MAN*. Journal of Applied Corporate Finance, 7(2). https://doi.org/10.1111/j.1745-6622.1994.tb00401.x
Jia, J., Li, Z., & Munro, L. (2019). Risk management committee and risk management disclosure: evidence from Australia. Pacific Accounting Review, 31(3). https://doi.org/10.1108/PAR-11-2018-0097
Kay, J. (2018). Theories of the Firm. International Journal of the Economics of Business, 25(1). https://doi.org/10.1080/13571516.2017.1402468
Kurniansyah, F., Saraswati, E., & Rahman, A. F. (2021). Corporate Governance, Profitability, Media Exposure, and Firm Value: the Mediation Role of Environmental Disclosure. Jurnal Minds: Manajemen Ide Dan Inspirasi, 8(1), 69. https://doi.org/10.24252/minds.v8i1.20823
Larasati, D., & Asrori, A. (2020). The Effect of Corporate Governance Mechanisms, Capital Structure and Firm Size on Risk Management Disclosure. Accounting Analysis Journal, 9(1). https://doi.org/10.15294/aaj.v9i1.20956
Lovell, A. (2002). Ethics as a dependent variable in individual and organisational decision making. Journal of Business Ethics. https://doi.org/10.1023/A:1015016524880
Majid, J., Mediaty, Habbe, A. H., Herryanto, & Possumah, B. T. (2019). Factors affecting director remuneration: A study of manufacturing companies listed on ASEAN state stock exchanges. International Journal of Innovation, Creativity and Change, 7(9), 238–250.
Maliah, S., Norakma, A. M., & Noraini, M. A. (2015). Corporate governance of Islamic Financial Institutions in Malaysia. Asian Journal of Business and Accounting.
Murphy, P. R. (2012). Attitude, Machiavellianism and the rationalization of misreporting. Accounting, Organizations and Society. https://doi.org/10.1016/j.aos.2012.04.002
Nasution, A. A., Erlina, Rujiman, Situmeang, C., & Muda, I. (2020). Success model for risk management disclosure. International Journal of Scientific and Technology Research, 9(3).
Patel, P. C., & Chrisman, J. J. (2014). Risk abatement as a strategy for R&D investments in family firms. In Strategic Management Journal. https://doi.org/10.1002/smj.2119
Ponciano, E. S., & Amaral, C. S. T. (2021). What influences the innovation environment in BPO companies? Business Process Management Journal, 27(1). https://doi.org/10.1108/BPMJ-03-2020-0129
Robbins, S., & Judge, T. (2009). Organizational Behaviour: Concepts, Controversies, Applications. In Development.
Sterman, J. D., Henderson, R., Beinhocker, E. D., & Newman, L. I. (2007). Getting big too fast: Strategic dynamics with increasing returns and bounded rationality. Management Science. https://doi.org/10.1287/mnsc.1060.0673
Sulaiman, M., Majid, N. A., & Arifin, N. M. (2015). Corporate governance of Islamic financial institutions in Malaysia. Asian Journal of Business and Accounting.
Tang, Q., & Luo, L. (2012). Transparency of Corporate Carbon Disclosure: International Evidence. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1885230
Tang, Q., & Luo, L. (2016). Corporate ecological transparency: Theories and empirical evidence. Asian Review of Accounting. https://doi.org/10.1108/ARA-01-2015-0007
White, G., Lee, A., Yuningsih, Y., Nielsen, C., & Bukh, P. N. (2010). The nature and extent of voluntary intellectual capital disclosures by Australian and UK biotechnology companies. Journal of Intellectual Capital, 11(4), 519–536. https://doi.org/10.1108/14691931011085669
Whiting, R. H., & Woodcock, J. (2011). Firm characteristics and intellectual capital disclosure by Australian companies. Journal of Human Resource Costing & Accounting, 15(2), 102–126. https://doi.org/10.1108/14013381111157337
Young, G. J., Beckman, H., & Baker, E. (2012). Financial incentives, professional values and performance: A study of pay-for-performance in a professional organization. Journal of Organizational Behavior. https://doi.org/10.1002/job.1770
References
Abdullah, M., Shukor, Z. A., & Rahmat, M. M. (2017). The influences of risk management committee and audit committee towards voluntary risk management disclosure. Jurnal Pengurusan, 50. https://doi.org/10.17576/pengurusan-2017-50-08
Al Mamun, M., Balachandran, B., & Duong, H. N. (2020). Powerful CEOs and stock price crash risk. Journal of Corporate Finance. https://doi.org/10.1016/j.jcorpfin.2020.101582
Albanese, R., Dacin, M.T., Harris, I. C. (1997). Agents as Stewards. Academy of Management Review.
Almazari, A. A. (2013). Capital Adequacy, Cost Income Ratio and the Performance of Saudi Banks (2007-2011). International Journal of Academic Research in Accounting.
Alwi, Z., Parmitasari, R. D. A., Syariati, A., & Sidik, R. binti. (2021). Hadith Corresponding Thoughts on the Ethical Interacting Behavior of Young Entrepreneurs in Indonesia. Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2021.vol8.no3.0331
Arakcheev, A., Baklanova, V., & Tanega, J. (2011). Islamic money management: a western view. Capital Markets Law Journal. https://doi.org/10.1093/cmlj/kmq032
Astuti, R. N., Fachrurrozie, F., Amal, M. I., & Zahra, S. F. (2020). Does audit committee quality mediate determinants of intellectual capital disclosure? Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2020.vol7.no7.199
Bae, C. H., & Woo, Y. S. (2015). The effect of audit report lag and management discretionary report lag on analyst forecasts: Evidence from Korea. Investment Management and Financial Innovations, 12(1).
Barth, M. E., Hodder, L. D., & Stubben, S. R. (2008). Fair value accounting for liabilities and own credit risk. Accounting Review. https://doi.org/10.2308/accr.2008.83.3.629
Borghei-Ghomi, Z., & Leung, P. (2013). An Empirical Analysis of the Determinants of Greenhouse Gas Voluntary Disclosure in Australia. Accounting and Finance Research. https://doi.org/10.5430/afr.v2n1p110
Daniel, K. D., Hirshleifer, D., & Subrahmanyam, A. (1998). Daniel, Kent / Hirshleifer, David / Subrahmanyam, Avanidhar (1998): Investor Psychology and Security Market Under- and Overreactions, Journal of Finance 53, 1839-1886. Journal of Finance. https://doi.org/10.2307/117455
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review. https://doi.org/10.5465/AMR.1997.9707180258
DIAMOND, D. W. (1985). Optimal Release of Information By Firms. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1985.tb02364.x
Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: Australian Journal of Management.
Doraisamy, B., Shanmugam, A., & Raman, R. (2011). A Study on Consumers’ Preferences of Islamic Banking Products and Services in Sungai Petani. Academic Research International.
Elshandidy, T., Fraser, I., & Hussainey, K. (2013). Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies. International Review of Financial Analysis, 30, 320–333. https://doi.org/10.1016/j.irfa.2013.07.010
Frank, M. Z., & Goyal, V. K. (2007). Trade-Off and Pecking Order Theories of Debt. In Handbook of Empirical Corporate Finance SET. https://doi.org/10.1016/B978-0-444-53265-7.50004-4
Galani, D., Alexandridis, A., & Stavropoulos, A. (2011). The association between the firm characteristics and corporate mandatory disclosure the case of Greece. World Academy of Science, Engineering and Technology, 77, 1048–1054.
Gibson, K. (2012). Stakeholders and Sustainability: An Evolving Theory. Journal of Business Ethics, 109(1), 15–25. https://doi.org/10.1007/s10551-012-1376-5
Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate Data Analysis: A Global Perspective. In Multivariate Data Analysis: A Global Perspective (Vol. 7th).
Hellwig, M. F. (2009). A reconsideration of the Jensen-Meckling model of outside finance. Journal of Financial Intermediation, 18(4). https://doi.org/10.1016/j.jfi.2007.09.001
Iatridis, G. E. (2011). Accounting disclosures, accounting quality and conditional and unconditional conservatism. International Review of Financial Analysis, 20(2), 88–102. https://doi.org/10.1016/j.irfa.2011.02.013
Ismawati, I. (2016). Pasar Uang Dalam Perspektif Islam. Jurnal Minds: Manajemen Ide Dan Inspirasi, 3(1), 96-106. https://doi.org/10.24252/minds.v3i1.4615
Jensen, M. (2001). Value maximisation, stakeholder theory, and the corporate objective function. European Financial Management, 7(3), 297–317. https://doi.org/10.1111/1468-036X.00158
Jensen, M. C., & Meckling, W. H. (1994). THE NATURE OF MAN*. Journal of Applied Corporate Finance, 7(2). https://doi.org/10.1111/j.1745-6622.1994.tb00401.x
Jia, J., Li, Z., & Munro, L. (2019). Risk management committee and risk management disclosure: evidence from Australia. Pacific Accounting Review, 31(3). https://doi.org/10.1108/PAR-11-2018-0097
Kay, J. (2018). Theories of the Firm. International Journal of the Economics of Business, 25(1). https://doi.org/10.1080/13571516.2017.1402468
Kurniansyah, F., Saraswati, E., & Rahman, A. F. (2021). Corporate Governance, Profitability, Media Exposure, and Firm Value: the Mediation Role of Environmental Disclosure. Jurnal Minds: Manajemen Ide Dan Inspirasi, 8(1), 69. https://doi.org/10.24252/minds.v8i1.20823
Larasati, D., & Asrori, A. (2020). The Effect of Corporate Governance Mechanisms, Capital Structure and Firm Size on Risk Management Disclosure. Accounting Analysis Journal, 9(1). https://doi.org/10.15294/aaj.v9i1.20956
Lovell, A. (2002). Ethics as a dependent variable in individual and organisational decision making. Journal of Business Ethics. https://doi.org/10.1023/A:1015016524880
Majid, J., Mediaty, Habbe, A. H., Herryanto, & Possumah, B. T. (2019). Factors affecting director remuneration: A study of manufacturing companies listed on ASEAN state stock exchanges. International Journal of Innovation, Creativity and Change, 7(9), 238–250.
Maliah, S., Norakma, A. M., & Noraini, M. A. (2015). Corporate governance of Islamic Financial Institutions in Malaysia. Asian Journal of Business and Accounting.
Murphy, P. R. (2012). Attitude, Machiavellianism and the rationalization of misreporting. Accounting, Organizations and Society. https://doi.org/10.1016/j.aos.2012.04.002
Nasution, A. A., Erlina, Rujiman, Situmeang, C., & Muda, I. (2020). Success model for risk management disclosure. International Journal of Scientific and Technology Research, 9(3).
Patel, P. C., & Chrisman, J. J. (2014). Risk abatement as a strategy for R&D investments in family firms. In Strategic Management Journal. https://doi.org/10.1002/smj.2119
Ponciano, E. S., & Amaral, C. S. T. (2021). What influences the innovation environment in BPO companies? Business Process Management Journal, 27(1). https://doi.org/10.1108/BPMJ-03-2020-0129
Robbins, S., & Judge, T. (2009). Organizational Behaviour: Concepts, Controversies, Applications. In Development.
Sterman, J. D., Henderson, R., Beinhocker, E. D., & Newman, L. I. (2007). Getting big too fast: Strategic dynamics with increasing returns and bounded rationality. Management Science. https://doi.org/10.1287/mnsc.1060.0673
Sulaiman, M., Majid, N. A., & Arifin, N. M. (2015). Corporate governance of Islamic financial institutions in Malaysia. Asian Journal of Business and Accounting.
Tang, Q., & Luo, L. (2012). Transparency of Corporate Carbon Disclosure: International Evidence. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1885230
Tang, Q., & Luo, L. (2016). Corporate ecological transparency: Theories and empirical evidence. Asian Review of Accounting. https://doi.org/10.1108/ARA-01-2015-0007
White, G., Lee, A., Yuningsih, Y., Nielsen, C., & Bukh, P. N. (2010). The nature and extent of voluntary intellectual capital disclosures by Australian and UK biotechnology companies. Journal of Intellectual Capital, 11(4), 519–536. https://doi.org/10.1108/14691931011085669
Whiting, R. H., & Woodcock, J. (2011). Firm characteristics and intellectual capital disclosure by Australian companies. Journal of Human Resource Costing & Accounting, 15(2), 102–126. https://doi.org/10.1108/14013381111157337
Young, G. J., Beckman, H., & Baker, E. (2012). Financial incentives, professional values and performance: A study of pay-for-performance in a professional organization. Journal of Organizational Behavior. https://doi.org/10.1002/job.1770
Al Mamun, M., Balachandran, B., & Duong, H. N. (2020). Powerful CEOs and stock price crash risk. Journal of Corporate Finance. https://doi.org/10.1016/j.jcorpfin.2020.101582
Albanese, R., Dacin, M.T., Harris, I. C. (1997). Agents as Stewards. Academy of Management Review.
Almazari, A. A. (2013). Capital Adequacy, Cost Income Ratio and the Performance of Saudi Banks (2007-2011). International Journal of Academic Research in Accounting.
Alwi, Z., Parmitasari, R. D. A., Syariati, A., & Sidik, R. binti. (2021). Hadith Corresponding Thoughts on the Ethical Interacting Behavior of Young Entrepreneurs in Indonesia. Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2021.vol8.no3.0331
Arakcheev, A., Baklanova, V., & Tanega, J. (2011). Islamic money management: a western view. Capital Markets Law Journal. https://doi.org/10.1093/cmlj/kmq032
Astuti, R. N., Fachrurrozie, F., Amal, M. I., & Zahra, S. F. (2020). Does audit committee quality mediate determinants of intellectual capital disclosure? Journal of Asian Finance, Economics and Business. https://doi.org/10.13106/jafeb.2020.vol7.no7.199
Bae, C. H., & Woo, Y. S. (2015). The effect of audit report lag and management discretionary report lag on analyst forecasts: Evidence from Korea. Investment Management and Financial Innovations, 12(1).
Barth, M. E., Hodder, L. D., & Stubben, S. R. (2008). Fair value accounting for liabilities and own credit risk. Accounting Review. https://doi.org/10.2308/accr.2008.83.3.629
Borghei-Ghomi, Z., & Leung, P. (2013). An Empirical Analysis of the Determinants of Greenhouse Gas Voluntary Disclosure in Australia. Accounting and Finance Research. https://doi.org/10.5430/afr.v2n1p110
Daniel, K. D., Hirshleifer, D., & Subrahmanyam, A. (1998). Daniel, Kent / Hirshleifer, David / Subrahmanyam, Avanidhar (1998): Investor Psychology and Security Market Under- and Overreactions, Journal of Finance 53, 1839-1886. Journal of Finance. https://doi.org/10.2307/117455
Davis, J. H., Schoorman, F. D., & Donaldson, L. (1997). Toward a stewardship theory of management. Academy of Management Review. https://doi.org/10.5465/AMR.1997.9707180258
DIAMOND, D. W. (1985). Optimal Release of Information By Firms. The Journal of Finance. https://doi.org/10.1111/j.1540-6261.1985.tb02364.x
Donaldson, L., & Davis, J. H. (1991). Stewardship Theory or Agency Theory: Australian Journal of Management.
Doraisamy, B., Shanmugam, A., & Raman, R. (2011). A Study on Consumers’ Preferences of Islamic Banking Products and Services in Sungai Petani. Academic Research International.
Elshandidy, T., Fraser, I., & Hussainey, K. (2013). Aggregated, voluntary, and mandatory risk disclosure incentives: Evidence from UK FTSE all-share companies. International Review of Financial Analysis, 30, 320–333. https://doi.org/10.1016/j.irfa.2013.07.010
Frank, M. Z., & Goyal, V. K. (2007). Trade-Off and Pecking Order Theories of Debt. In Handbook of Empirical Corporate Finance SET. https://doi.org/10.1016/B978-0-444-53265-7.50004-4
Galani, D., Alexandridis, A., & Stavropoulos, A. (2011). The association between the firm characteristics and corporate mandatory disclosure the case of Greece. World Academy of Science, Engineering and Technology, 77, 1048–1054.
Gibson, K. (2012). Stakeholders and Sustainability: An Evolving Theory. Journal of Business Ethics, 109(1), 15–25. https://doi.org/10.1007/s10551-012-1376-5
Hair, J., Black, W., Babin, B., & Anderson, R. (2010). Multivariate Data Analysis: A Global Perspective. In Multivariate Data Analysis: A Global Perspective (Vol. 7th).
Hellwig, M. F. (2009). A reconsideration of the Jensen-Meckling model of outside finance. Journal of Financial Intermediation, 18(4). https://doi.org/10.1016/j.jfi.2007.09.001
Iatridis, G. E. (2011). Accounting disclosures, accounting quality and conditional and unconditional conservatism. International Review of Financial Analysis, 20(2), 88–102. https://doi.org/10.1016/j.irfa.2011.02.013
Ismawati, I. (2016). Pasar Uang Dalam Perspektif Islam. Jurnal Minds: Manajemen Ide Dan Inspirasi, 3(1), 96-106. https://doi.org/10.24252/minds.v3i1.4615
Jensen, M. (2001). Value maximisation, stakeholder theory, and the corporate objective function. European Financial Management, 7(3), 297–317. https://doi.org/10.1111/1468-036X.00158
Jensen, M. C., & Meckling, W. H. (1994). THE NATURE OF MAN*. Journal of Applied Corporate Finance, 7(2). https://doi.org/10.1111/j.1745-6622.1994.tb00401.x
Jia, J., Li, Z., & Munro, L. (2019). Risk management committee and risk management disclosure: evidence from Australia. Pacific Accounting Review, 31(3). https://doi.org/10.1108/PAR-11-2018-0097
Kay, J. (2018). Theories of the Firm. International Journal of the Economics of Business, 25(1). https://doi.org/10.1080/13571516.2017.1402468
Kurniansyah, F., Saraswati, E., & Rahman, A. F. (2021). Corporate Governance, Profitability, Media Exposure, and Firm Value: the Mediation Role of Environmental Disclosure. Jurnal Minds: Manajemen Ide Dan Inspirasi, 8(1), 69. https://doi.org/10.24252/minds.v8i1.20823
Larasati, D., & Asrori, A. (2020). The Effect of Corporate Governance Mechanisms, Capital Structure and Firm Size on Risk Management Disclosure. Accounting Analysis Journal, 9(1). https://doi.org/10.15294/aaj.v9i1.20956
Lovell, A. (2002). Ethics as a dependent variable in individual and organisational decision making. Journal of Business Ethics. https://doi.org/10.1023/A:1015016524880
Majid, J., Mediaty, Habbe, A. H., Herryanto, & Possumah, B. T. (2019). Factors affecting director remuneration: A study of manufacturing companies listed on ASEAN state stock exchanges. International Journal of Innovation, Creativity and Change, 7(9), 238–250.
Maliah, S., Norakma, A. M., & Noraini, M. A. (2015). Corporate governance of Islamic Financial Institutions in Malaysia. Asian Journal of Business and Accounting.
Murphy, P. R. (2012). Attitude, Machiavellianism and the rationalization of misreporting. Accounting, Organizations and Society. https://doi.org/10.1016/j.aos.2012.04.002
Nasution, A. A., Erlina, Rujiman, Situmeang, C., & Muda, I. (2020). Success model for risk management disclosure. International Journal of Scientific and Technology Research, 9(3).
Patel, P. C., & Chrisman, J. J. (2014). Risk abatement as a strategy for R&D investments in family firms. In Strategic Management Journal. https://doi.org/10.1002/smj.2119
Ponciano, E. S., & Amaral, C. S. T. (2021). What influences the innovation environment in BPO companies? Business Process Management Journal, 27(1). https://doi.org/10.1108/BPMJ-03-2020-0129
Robbins, S., & Judge, T. (2009). Organizational Behaviour: Concepts, Controversies, Applications. In Development.
Sterman, J. D., Henderson, R., Beinhocker, E. D., & Newman, L. I. (2007). Getting big too fast: Strategic dynamics with increasing returns and bounded rationality. Management Science. https://doi.org/10.1287/mnsc.1060.0673
Sulaiman, M., Majid, N. A., & Arifin, N. M. (2015). Corporate governance of Islamic financial institutions in Malaysia. Asian Journal of Business and Accounting.
Tang, Q., & Luo, L. (2012). Transparency of Corporate Carbon Disclosure: International Evidence. SSRN Electronic Journal. https://doi.org/10.2139/ssrn.1885230
Tang, Q., & Luo, L. (2016). Corporate ecological transparency: Theories and empirical evidence. Asian Review of Accounting. https://doi.org/10.1108/ARA-01-2015-0007
White, G., Lee, A., Yuningsih, Y., Nielsen, C., & Bukh, P. N. (2010). The nature and extent of voluntary intellectual capital disclosures by Australian and UK biotechnology companies. Journal of Intellectual Capital, 11(4), 519–536. https://doi.org/10.1108/14691931011085669
Whiting, R. H., & Woodcock, J. (2011). Firm characteristics and intellectual capital disclosure by Australian companies. Journal of Human Resource Costing & Accounting, 15(2), 102–126. https://doi.org/10.1108/14013381111157337
Young, G. J., Beckman, H., & Baker, E. (2012). Financial incentives, professional values and performance: A study of pay-for-performance in a professional organization. Journal of Organizational Behavior. https://doi.org/10.1002/job.1770