Jurnal Ilmiah Akuntansi

Commissioner Diversity, Environmental Pressures, and Sustainability Disclosure Before and During The COVID-19 Pandemic

2024-02-12T11:19:23+00:00

This study aims to examine the influence of the diversity of the board of commissioners and environmental pressures on the disclosure of sustainability reports before and during the COVID-19 pandemic. This research is quantitative and uses secondary data obtained from annual reports and sustainability reports issued by each company. The sample was determined using a purposive sampling technique. Before the COVID-19 pandemic, the size of the board of commissioners had a negative effect on the disclosure of sustainability reports, while gender, education, and citizenship diversity had a positive effect. During the COVID-19 pandemic, gender diversity and the size of the board of commissioners positively affected the disclosure of sustainability reports, whereas education and citizenship diversity had no effect. This study compares the influence of the diversity of the board of commissioners and environmental pressures before and during the COVID-19 pandemic.

Accountability of Mantaa Duku’ in the Toraja Community

2023-04-06T01:03:16+00:00

The purpose of this study is to reveal the meaning of accountability in the procession of Mantaa Duku' (distribution of buffalo meat) during the Rambu Solo ceremony (funeral ceremony) in Toraja, Indonesia. This research employs qualitative methods with an interpretive paradigm. Data collection was conducted through observation, in-depth interviews, and documentation involving seven informants. The researcher was directly involved in the daily activities of the informants to obtain valid data. The data was analyzed using the Miles and Huberman method and Ethnography methods to uncover the meaning of accountability in the Mantaa Duku’ procession. The results of this study indicate that the accountability of Mantaa Duku' activities in the Toraja community is centered on upholding the values of transparency, fairness, and responsibility. These values are integral to the community's social and cultural fabric, ensuring that the distribution of buffalo meat is conducted in a manner that reflects communal trust and ethical standards. The findings highlight the importance of cultural practices in shaping the understanding of accountability and demonstrate how traditional ceremonies can embody principles of good governance. This study contributes to the broader discourse on accountability by providing insights from a culturally specific context, emphasizing the role of traditional values in contemporary practices.

The Effect of Sustainability Disclosure and Company Performance: Profit or Image?

2023-05-10T01:30:20+00:00

This study examines the effect of company sustainability report disclosure on company performance, focusing on the environment, social, and governance (ESG) score and ESG Reporting score. The sample consists of non-financial companies listed on the Indonesia Stock Exchange during the 2015-2019 period, comprising 1,744 observations. The results reveal that sustainability report disclosure has a negative and significant effect on overall company performance. However, when examining profitability specifically, disclosing information on sustainability activities has a positive and partially significant effect. These findings support the theory of legitimacy, suggesting that companies engage in sustainability report disclosures to enhance their image. At the same time, the disclosures serve as a signal to investors and the market, aligning with stakeholder theory. This dual perspective underscores the complex role of sustainability reporting in corporate strategy and investor relations. By highlighting both the potential drawbacks and benefits of sustainability disclosures, this study provides valuable insights for companies, investors, and policymakers aiming to balance ethical practices with financial performance. Ultimately, the research contributes to the ongoing discourse on the impact of ESG factors on corporate success and the strategic importance of transparent sustainability reporting.

Determinants of Budget Managers' Performance at Mpu Kuturan Singaraja State Hindu College: An Analysis of Budget Participation, Goal Clarity, and Organizational Commitment

2024-02-15T05:02:22+00:00

In the fiscal year 2022, the Mpu Kuturan Singaraja State Hindu College, as a work unit under the Ministry of Religion, was unable to achieve the budget absorption targets stated in the performance agreement. Consequently, it is necessary to identify the factors affecting the performance of budget managers. These factors include budget participation, clarity of budget goals, and organizational commitment. This study is descriptive research with a quantitative approach, utilizing both primary and secondary data. The results reveal that budget participation has a negative and significant effect on the performance of budget managers. Conversely, the clarity of budget goals and organizational commitment variables positively and significantly affect budget managers' performance. Furthermore, this study examines indirect influences, showing that budget participation mediated by organizational commitment negatively and significantly impacts budget managers' performance. In contrast, clarity of budget goals mediated by organizational commitment positively and significantly affects budget managers' performance. These findings highlight the importance of clear budget goals and strong organizational commitment in enhancing the performance of budget managers, while budget participation alone may not be sufficient. This research provides valuable insights for improving budget management practices at educational institutions and similar organizations, emphasizing the need for strategic alignment and commitment to achieve budgetary targets.

SMEs Business Survival Model During the COVID-19 Pandemic: A Case Study of Handicraft SMEs in Bali Province

2024-02-12T01:46:14+00:00

Business resilience is essential for MSMEs to survive any crisis. This study examines the factors that influenced the survival of handicraft MSMEs in Bali Province during the COVID-19 pandemic, arguing that their survival heavily depended on pre-existing socio-economic relations. This aligns with previous research indicating that MSMEs, while vulnerable to external pressures, possess socio-economic capital that is often underutilized. The central role of MSME owners and managers is crucial, as is a supportive business environment where business sector actors, local communities, and government collaborate to assist MSME owners and managers. The study finds that weaving SMEs in Bali successfully adapted to their environment, leveraging social capital in the form of social embeddedness. This social cohesion, demonstrated through community and stakeholder support, provided vital social connections that enabled these businesses to withstand the challenges posed by the COVID-19 pandemic. The findings underscore the importance of optimizing socio-economic capital and fostering collaborative support networks to enhance MSME resilience. This research offers valuable insights for policymakers and business leaders aiming to strengthen the resilience of MSMEs in similar contexts, highlighting the need for strategic collaboration and community engagement to support business continuity during crises.

Determinants of Illegal Lending Engagement in Indonesian Rural Areas

2023-05-29T02:59:13+00:00

This research aims to identify the factors that influence individuals to engage in illegal lending in rural Indonesian areas. Specifically, the study examines the roles of financial knowledge and economic pressure in this decision-making process. Data were collected from 246 participants through both online and paper-based questionnaires. The hypotheses were tested using probit analysis. The findings reveal that financial literacy levels do not significantly affect illegal lending behavior, whereas economic pressure has a significant impact on the decision to engage in illegal lending. These results suggest that efforts to reduce illegal lending should focus on alleviating economic pressures faced by people in rural areas. By addressing the underlying economic conditions that drive individuals toward illegal lending, it is possible to mitigate this behavior and promote more sustainable financial practices. This research contributes to the understanding of illegal lending dynamics and offers valuable insights for policymakers and financial educators aiming to improve financial stability and reduce reliance on illegal lending in rural communities.

Factors Affecting the Performance of Tax Authorities with Tax Compliance as a Moderating Variable: An Empirical Study on Small and Medium Enterprises in West Jakarta

2024-06-09T02:28:03+00:00

Achieving tax revenue targets is a significant concern for the government. A lack of taxpayer knowledge about their tax obligations, coupled with frequently changing and complex tax regulations, leads to taxpayer negligence and non-compliance, ultimately impacting tax revenues. This quantitative research examines the factors affecting the performance of tax authorities, with a focus on tax compliance as a moderating variable, specifically among small and medium enterprises (SMEs) in West Jakarta. Data were collected using a questionnaire distributed to 100 SME actors in the area. The study's results indicate that tax knowledge does not significantly impact the performance of tax authorities. In contrast, tax complexity and tax compliance do significantly influence tax authority performance. Additionally, tax compliance does not strengthen the relationship between tax knowledge and tax complexity on the performance of tax authorities. These findings suggest that to improve tax authority performance and increase tax revenues, efforts should focus on simplifying tax regulations and enhancing tax compliance rather than solely increasing tax knowledge among taxpayers. This research provides valuable insights for policymakers and tax administrators aiming to optimize tax authority performance and compliance among SMEs.

The Influence of Green Governance, Implementation of Energy Accounting, and Green Human Resource Management on Sustainability Performance: An Empirical Study in the Hospitality Industry in Bali

2024-02-12T03:23:20+00:00

This research aims to conduct an empirical study on the relationship between stakeholder pressure in the form of green governance, the implementation of energy accounting, and green human resource management, and their impact on sustainability performance. The study focuses on the hospitality industry, specifically star-rated hotels in Bali Province, Indonesia, with a population of 300 hotels. A proportionate stratified random sampling technique was employed to select the sample. Data were collected using a questionnaire instrument through survey techniques and analyzed using multiple linear regression. The originality of this study lies in the development of new variables that have not yet been explored in the current accounting research. The results indicate that green governance, energy accounting, and green human resource management have a significant positive influence on sustainability performance. The findings contribute to the development of stakeholder theory and provide practical insights for hotel management on developing green strategies and achieving the green hotel designation, which aligns with societal and customer legitimacy goals. Additionally, the study offers policy implications for enhancing the supervision and enforcement of existing regulations to ensure a more mandatory nature of green practices in the hospitality industry.

Local Government Internal Audit Quality: Input Factors, Individual Level (Study on Inspectorate Auditors in North Sulawesi Province)

2024-06-01T06:06:37+00:00

The quality of local government internal audit is very important in realizing good governance and clean government. This study aims to provide empirical evidence regarding the effect of Communication Skills, Professional Commitment and Self-Efficacy on Local Government Internal Audit Quality and the role of self-efficacy in mediating the effect of professional commitment on local government internal audit quality. This research is explanatory research with a survey approach and uses the census method. The study was conducted on 220 Inspectorate auditors at 16 Inspectorates in North Sulawesi Province. The data collection technique used a questionnaire made using google form. The results showed that the higher the communication skills, professional commitment and self-efficacy, the better the quality of internal audit. Self-efficacy mediates the effect of professional commitment on internal audit quality.

The Influence of Intellectual Capital and Environmental Performance on Company Value with Financial Performance as an Intervening Variable in Manufacturing Companies

2024-05-31T21:59:12+00:00

This research aims to examine the influence of intellectual capital and environmental performance on firm value, with financial performance as an intervening variable, in manufacturing firms. The study focuses on manufacturing companies listed on the Indonesia Stock Exchange (BEI), with samples selected based on specific criteria. Data analysis is conducted using SEM-PLS (Structural Equation Modeling-Partial Least Squares) with Smart PLS software version 3.0. The results reveal that intellectual capital positively and significantly impacts both financial performance and firm value. However, environmental performance does not significantly influence financial performance or firm value. Additionally, financial performance does not significantly impact firm value and does not mediate the relationship between intellectual capital, environmental performance, and firm value. These findings suggest that while intellectual capital directly enhances financial performance and firm value, environmental performance does not play a significant role in influencing these outcomes, and financial performance does not serve as a mediator in these relationships.

Environmental, Social and Governance Disclosure Scores and Tax Avoidance

2024-06-01T00:20:38+00:00

This paper aims to understand the effect of Environmental, Social, and Governance (ESG) disclosure scores on tax avoidance. The sample consists of public firms listed on the Indonesia Stock Exchange, excluding those in the financial services industry, for the period 2015-2021. We employ panel data regression methods, with the dependent variable being the total of deferred tax assets and liabilities and the independent variable being the Bloomberg ESG disclosure scores. The effect of Bloomberg ESG disclosure scores on tax avoidance is controlled by firm leverage, profitability, growth, and size. Our findings indicate that higher Bloomberg ESG disclosure scores have a positive effect on deferred tax assets relative to deferred tax liabilities. This suggests that firms with high Bloomberg ESG disclosure scores contribute to indirect stakeholders, reflecting a broader commitment beyond direct stakeholders. Additionally, we do not find statistical evidence of a significant effect of a firm's financial constraints and growth opportunities on the deferred tax assets relative to deferred tax liabilities. These results imply that tax avoidance is more influenced by a firm's commitment to ESG principles rather than its financial capabilities and growth opportunities. This research provides valuable insights for policymakers and corporate managers, highlighting the importance of ESG disclosure in shaping tax-related strategies and demonstrating a firm’s commitment to broader stakeholder engagement.

Exploring the Impact of Social Innovation and Managerial Ability on the Financial Performance of Social Enterprises: The Mediating Role of Social Performance

2024-02-22T03:38:15+00:00

Indonesia's efforts to achieve Social Development Goals (SDGs) targets through social enterprises play an essential role in addressing economic and environmental issues. However, these enterprises face numerous challenges and constraints. This study aims to investigate how social innovation and managerial ability affect the financial performance of social enterprises. Additionally, this research examines the role of social performance as a mediator. The population in this research consists of social enterprises in Riau Province, specifically cooperatives, waste banks, and medical clinics. A stratified random sampling technique was used to select the sample, with respondents being leaders and heads of business units in each social enterprise. A total of 226 respondents participated through the distribution of questionnaires. Data analysis using WarpPLS 7.0 reveals that social innovation and managerial ability positively influence the financial success of social enterprises. Furthermore, the mediating role of social performance significantly strengthens the connection between social innovation, managerial ability, and financial performance. These findings highlight the importance of enhancing social innovation and managerial skills to improve both social and financial outcomes for social enterprises. This research provides valuable insights for policymakers, practitioners, and social entrepreneurs aiming to optimize the impact of social enterprises in achieving sustainable development goals.

Examining Fraud Tendency: Personal Ethics and Love of Money from a Religious Perspective

2024-03-20T00:17:02+00:00

This research aims to examine the impact of personal ethics and love of money on fraud tendencies, with religiosity as a moderating variable. This research uses primary data through questionnaires given to accounting and finance staff who work at Islamic commercial banks in the DKI Jakarta area. The research sample consisted of 149 respondents, and the analysis was carried out using the Partial Least Square method (PLS-SEM) using the SmartPLS. The results of this study reveal that love of money has a significant influence on fraud tendencies, while personal ethics does not have a significant influence on fraud tendencies. In addition, religiosity could only moderate the influence of the love of money on fraud tendencies, while no moderation occurred in the relationship between personal ethics and fraud tendencies. The novelty of this research lies in examining the complex relationship between factors such as personal ethics, love of money, religiosity, and fraud tendencies in the context of the Islamic banking environment. The results of this research can provide important insights regarding the factors that influence the tendency of fraud in the banking sector, especially Sharia banking, and the moderating role of religiosity in moderating the impact of the love of money. These findings can provide valuable guidance for Islamic banks and other researchers in their efforts to prevent fraud and develop sustainable business ethics.

The Impact of the Collapse of Silicon Valley Bank on the Volatility of Sectoral Stock Indices on the Indonesian Stock Exchange

2024-06-07T23:12:17+00:00

The aim of this research is to determine the impact of the collapse of Silicon Valley Bank (SVB) on the volatility of sectoral stock indices on the Indonesian Stock Exchange. The data collection technique used in this research is documentation. Secondary data were collected from the ten sectors on the Indonesian Stock Exchange, namely agricultural, mining, basic industry, various industries, consumer goods, property, infrastructure, finance, trade and services, and manufacturing, obtained from the Indonesian Stock Exchange website. The data were analyzed using an Android-based t-test application called the Difference Test to compare sectoral stock index volatility before and after the collapse of Silicon Valley Bank. The research results show that almost all sectors were significantly affected by the collapse of SVB, except for companies operating in the industrial sector. The sectors most affected by this incident were companies operating in the technology sector, followed by the raw goods sector. These findings highlight the interconnectedness of global financial events and their ripple effects on different sectors of the Indonesian stock market. This research provides valuable insights for investors and policymakers regarding sectoral vulnerabilities and the importance of monitoring global financial stability.

Impact of Financial Technology on the Financial Performance of Conventional Banks in Indonesia

2023-12-03T04:25:17+00:00

This study intends to investigate variations in banking financial performance concurrent with Fintech expansion and to elucidate the influence of Fintech, or financial technology, on banking financial performance. Quantitative research is what this kind of study. For the years 2013 through 2020, conventional banking businesses listed on the Indonesia Stock Exchange (IDX) were the subject of this study. The Indonesia Stock Exchange's official website and the official websites of each firm provided research data in the form of yearly reports. Out of 43 data points, 22 firms made up the sample. Purposive sampling is the approach used for sampling. From the results of the Paired T Test Sample, the application of fintech has had an influence on the performance and health of conventional banking in Indonesia which is the sample in this research, although seen from the BOPO side it does not provide the same thing. According to the study's findings, fintech's rise is a disruptive innovation for the banking sector. This problem is closely correlated with people's need for financial convenience. Fintech has the potential to help banks with issues such as the unbanked population and increase financial penetration.

Embedding “Profit for Purpose” in Business and Entrepreneurial Education

2024-02-15T05:48:16+00:00

The paradigm shift in the business and entrepreneurial environment will also have an impact on business education in universities. This study aims to explore the uniqueness of social enterprises and then integrate the values into business and entrepreneurship education through the perspective of entrepreneurship theory. The research uses qualitative methods with a case study approach to social enterprises in East Kalimantan province. The data source comes from interviews with informants who are founders and managers of social enterprises and related documents. The result, based on entrepreneurship theory, reveals that two stages can be instilled in the learning process, which is the venture and monetization stage. The process between those stages will create the social enterprise values related to value potential (opportunity), driven value (competencies), and value appropriate (entrepreneur reward that is specifically related to entrepreneur characters).

Determinants of LPD Performance: Collaboration of Stewardship, Organizational Culture, and Leadership Theory Based on Arthasastra

2024-06-10T05:55:33+00:00

This research aims to examine the influence of good corporate governance (GCG) with Tri Hita Karana (THK) organizational culture and Sad Warnaning Rajaniti's leadership as moderators on the performance of Village Credit Institutions (LPD) in Bali. The study population comprises LPD heads throughout Bali, with a sample size of 315 respondents selected using stratified random sampling. Data were collected and analyzed using the SEM-PLS method to test the hypotheses. The results indicate that LPD performance can be significantly enhanced through improvements in governance, which includes both Sekala (tangible) and Niskala (intangible) aspects of GCG. Additionally, the THK culture, encompassing Parahyangan (spiritual harmony), Pawongan (social harmony), and Palemahan (environmental harmony), along with the implementation of Sad Warnaning Rajaniti leadership, positively influences LPD performance. Furthermore, the study finds that THK culture and Sad Warnaning Rajaniti leadership act as effective moderators in this relationship. These findings have important implications for the development of accounting literature by integrating management aspects, such as GCG implementation, leadership based on Sad Warnaning Rajaniti, and THK organizational culture, to improve LPD performance. This research contributes valuable insights for policymakers and practitioners in enhancing the governance and leadership frameworks of LPDs in Bali.

The Effect of Tax Incentives, Tax Rates, Tax Sanctions, Tax Services, and the Application of SAK EMKM on the Compliance of UMKM Taxpayers during the COVID-19 Pandemic: A Case Study of UMKM Taxpayers Registered at KPP Pratama Ternate

2024-06-06T13:36:47+00:00

This study aims to test and analyze the effect of tax incentives, tax rates, tax sanctions, tax services, and the application of SAK EMKM on the compliance of UMKM (Micro, Small, and Medium Enterprises) taxpayers during the COVID-19 pandemic. The research focuses on registered UMKM taxpayers at KPP Pratama Ternate. The method used in this study is quantitative research, with a sample size of 348 respondents. Statistical testing was conducted using SPSS to evaluate the hypotheses. The results indicate that tax incentives, tax rates, and tax services significantly affect the compliance of UMKM taxpayers. However, tax sanctions and the application of SAK EMKM do not have a significant impact on taxpayer compliance. These findings suggest that during the pandemic, supportive measures such as tax incentives and effective tax services are crucial in promoting compliance among UMKM taxpayers. The research provides valuable insights for policymakers and tax authorities to enhance tax compliance through targeted strategies, particularly in challenging economic conditions. By understanding the factors that influence taxpayer behavior, authorities can better support UMKM, ensuring their sustainability and contribution to the economy during and after the pandemic.

Socio Emotional Wealth Approach and Corporate Social Responsibility Disclosure in Indonesia

2024-02-22T01:26:11+00:00

This study aims to demonstrate that corporate governance moderates the effect of family ownership on Corporate Social Responsibility (CSR) disclosure. This research employs an archival approach, utilizing content analysis, in-depth discussions, observations, and secondary data. The sample consists of family-owned companies (Family Business Enterprises) within the manufacturing industry, selected using a purposive sampling method. The data were tested and analyzed using SPSS. The results indicate that family ownership has a positive effect on CSR disclosure. Moreover, corporate governance can enhance the positive influence of family ownership on CSR disclosure. These findings support the Socio-Emotional Wealth Theory, suggesting that family companies are more likely to prioritize CSR disclosure to preserve the family name and prestige. The study contributes to the accounting literature by highlighting the interplay between family ownership, corporate governance, and CSR practices. It provides valuable insights for policymakers and practitioners, emphasizing the importance of robust corporate governance structures in promoting transparency and accountability in family-owned businesses. By understanding these dynamics, stakeholders can better appreciate the motivations behind CSR disclosures in family firms and work towards fostering a more socially responsible corporate environment.

Financial Statement Fraud Risk and Financial Distress of Family Business: Socio-Emotional Wealth (SEW) Perspective

2024-02-12T03:17:41+00:00

This study examines the risk of financial statement fraud in family businesses and explores financial distress as a moderating variable. The research sample consists of 306 businesses in Indonesia. The findings reveal that family businesses in Indonesia tend to avoid fraud to protect their family reputation, consistent with the Socio-Emotional Wealth (SEW) theory. However, financial distress is also found to mitigate the negative effects of family ownership on the risk of financial statement fraud. Furthermore, the results indicate no significant difference between the first and second-generation controllers in their attitudes towards the risk of financial statement fraud, aligning with the SEW theory. This research contributes to the accounting literature by providing insights into the unique dynamics of family businesses, particularly in the context of financial distress. It highlights the importance of considering both family ownership and financial conditions when assessing the risk of fraud. These findings are valuable for family business owners, policymakers, and practitioners, offering guidance on maintaining business value and implementing effective governance policies to prevent financial statement fraud.

Exploration of The Tri Parartha Concept in CSR Programs based on Tri Hita Karana

2024-05-31T23:43:17+00:00

This research focuses on local Balinese wisdom, specifically the Tri Parartha concept within Corporate Social Responsibility (CSR) activities based on Tri Hita Karana (THK). The study aims to explore the concepts of asih (mutual love), punia (mutual assistance), and bhakti (mutual respect) in THK-based CSR programs implemented by various companies in Bali. This qualitative study employs a literature review method to gather and analyze data. The findings indicate significant variations in how companies implement THK-based CSR programs. Generally, the application of THK in CSR encompasses several dimensions: Parahyangan, which includes organizing religious customary ceremonies; Pawongan, which involves providing community or employee assistance programs; and Pelemahan, which focuses on environmental sustainability efforts. Additionally, CSR activities reflecting the Tri Parartha values are evident in these initiatives, emphasizing mutual love, assistance, and respect. This research contributes to the accounting literature by providing a detailed understanding of how local cultural values can be integrated into corporate practices, thereby enhancing the social and environmental impact of CSR activities. These insights are valuable for companies, policymakers, and practitioners seeking to incorporate traditional wisdom into modern business practices, promoting sustainability and community well-being.

The Effect of Good Governance on Preventing Potential Fraud in the Management of BOK Funds at Puskesmas in Mojokerto District

2024-05-13T01:51:20+00:00

This study aims to test and analyze the effect of good governance—specifically accountability, effectiveness, and transparency—on the potential for fraud in the management of BOK funds at Puskesmas (Health Centers) in Mojokerto District. A simple random sampling technique was employed, and samples were selected randomly based on the calculated sample size using the Slovin formula. The analysis was conducted using multiple linear regression to determine the relationships between the variables. The findings reveal that accountability, effectiveness, and transparency do not significantly influence the potential for fraud at the Mojokerto Regency Health Centers. This suggests that the implementation of good governance practices does not directly impact the potential for fraudulent activities in the management of BOK funds at these health centers. These results highlight the need for further investigation into other factors that may contribute to fraud prevention and underscore the complexity of fraud management within public health institutions.

The Analysis of Time-Driven Activity-Based Costing to Increase Customer Profitability

2023-07-22T04:17:40+00:00

This research aims to implement and analyze the concept of time-driven activity-based costing (TDABC) to allocate the cost of serving customers to their accounts, analyze customer profitability, and formulate strategic decisions to increase customer profitability. The study employs a case study strategy with a mixed methods research approach, utilizing various research tools to obtain detailed data. The collected data is analyzed using descriptive analysis with explanation-building techniques. The results reveal that the ten largest customers were profitable for Company A in 2021; however, the most significant profit was not generated by customers who contributed the greatest revenue, and vice versa. The customer profitability analysis indicates that two customers require the highest service priority and care, seven customers should be managed with periodic evaluations, and one customer does not require service priority. These findings underscore the importance of a nuanced approach to customer management and strategic decision-making to enhance overall profitability. By implementing TDABC, companies can more accurately allocate costs and identify key areas for improvement in customer service and profitability.

Developing Measurements for Creating Shared Value (CSV): Aspects and Indicators

2024-02-14T13:45:14+00:00

This research aims to develop a Creating Shared Value (CSV) measurement that fulfills a sustainable context and avoids overlap. The study initially identifies two key aspects—business and social—comprising 27 indicators. Through further analysis, the research conceptualizes CSV measurement by incorporating an additional environmental aspect. This development addresses existing gaps by enhancing CSV disclosure aspects to more accurately assess the level of CSV disclosure. By fulfilling the sustainability context based on legitimacy theory, this approach can help companies gain legitimacy and support from stakeholders, thus enabling them to compete globally. The research employs a rigorous methodology to ensure that the new CSV measurement framework is robust and comprehensive. The findings suggest that a multidimensional approach to CSV, which includes business, social, and environmental aspects, provides a more holistic view of a company's efforts to create shared value. This refined CSV measurement can serve as a valuable tool for companies seeking to improve their sustainability practices and enhance their accountability to stakeholders.