International Conference on Finance, Economics, Management, Accounting, and Informatics (ICoFEMATICS)

CSR, Governance, and Green Innovation: Drivers of Energy Firm Value Through Profitability

Tue, 05 Aug 2025 00:00:00 +0700

This investigation explores the relationship between Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), and Green Innovation on firm value among energy companies traded on the Indonesia Stock Exchange during 2020-2023, with profitability functioning as an intermediary variable. The research framework incorporates CSR disclosure indices, GCG composite ratings, and Green Innovation assessed through environmental technology research and development expenditure intensity. Tobin's Q ratio serves as the proxy for firm value, while Return on Assets (ROA) represents the profitability mediator. Purposive sampling methodology was applied for sample selection, with analytical procedures conducted using WarpPLS version 7.0. Findings reveal that CSR and Green Innovation substantially boost firm value, while GCG demonstrates no statistically significant influence. Additionally, profitability effectively mediates the connections between these strategic factors and firm value.

Factors Influencing the Independent Auditor’s Reliance on Internal Audit Quality in Listed Companies in Vietnam

Khieu Huu Binh — Tue, 05 Aug 2025 00:00:00 +0700

This article examines factors influencing independent auditors’ reliance on internal audit (IA) quality in Vietnamese listed companies, addressing the research question: What factors affect external auditors’ trust in IA work? Using a mixed-methods approach, the study combines interviews with senior auditors and surveys from 102 independent auditors to analyze determinants such as IA independence, experience, professional qualifications, department size, cooperation, audit timing, and IA report quality. Empirical findings reveal that independence and report quality significantly enhance external auditors’ trust, while department size and experience also play supporting roles. The discussion highlights that stronger IA functions improve audit efficiency and financial transparency. The study concludes that enhancing IA quality is crucial for corporate governance and investor confidence. This research contributes to the auditing literature in emerging markets and provides practical implications for regulators and firms aiming to strengthen internal controls.

Green Accounting and Intellectual Impact on MSMEs Sustainability in Medan

Irna Triannur Lubis, Idhar Yahya, Robert Sibarani, Mangasi Sinurat — Tue, 05 Aug 2025 00:00:00 +0700

This study examines the influence of green accounting and green intellectual capital on MSME sustainability in Medan City. Environmental pressures and regulatory requirements necessitate sustainable business practices among small enterprises. A quantitative approach using survey methodology was employed with 120 MSMEs from trade, service, and manufacturing sectors. Data were collected through structured questionnaires and analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM). Results demonstrate that green accounting significantly influences MSME sustainability (β = 0.332, p < 0.001), indicating that environmental-based financial recording enhances resource efficiency and regulatory compliance. Green intellectual capital shows stronger influence (β = 0.430, p < 0.001), highlighting the strategic role of environmental knowledge and innovation capabilities. The model explains 45.7% of sustainability variance. These findings suggest that integrating green accounting practices with environmental intellectual capital development can significantly enhance MSME competitiveness and sustainability performance.

SAP-Based ERP Implementation and Accounting Information Quality at PT Perkebunan Nusantara IV

Aprili Yanti Tarigan, Duma Megaria Elisabeth, Januardi Mesakh — Tue, 05 Aug 2025 00:00:00 +0700

This research investigates SAP-based Enterprise Resource Planning implementation effects on accounting information quality at PT Perkebunan Nusantara IV Regional II Medan. Employing quantitative methodology with 35 employee respondents from accounting and finance divisions, the study examines ERP deployment impacts through questionnaire-based primary data collection. Multiple linear regression analysis reveals significant positive relationships between SAP-ERP implementation and information quality (t-value: 3.519, significance: 0.001). The determination coefficient (R²=0.449) demonstrates that SAP-ERP explains 44.9% of accounting information quality variance, with remaining factors including user competence and internal controls. Findings confirm strategic technology adoption enhances financial reporting accuracy, timeliness, and relevance, supporting effective managerial decision-making processes in plantation enterprises.