Pengaruh Financial Stability terhadap Financial Statement Fraud pada Perusahaan Badan Usaha Milik Negara (BUMN) yang Terdaftar di Bursa Efek Indonesia Periode 2020–2024

Muhammad Rakan; Pupung Purnamasari; Yuni Rosdiana

doi:10.55606/jimas.v5i3.2838

Authors

Muhammad Rakan Universitas Islam Bandung
Pupung Purnamasari Universitas Islam Bandung
Yuni Rosdiana Universitas Islam Bandung

DOI:

https://doi.org/10.55606/jimas.v5i3.2838

Keywords:

Beneish M-Score, Financial Stability, Financial Statement Fraud, Fraud Triangle, State-Owned Enterprises

Abstract

This study aims to examine and analyze the effect of financial stability on financial statement fraud in State-Owned Enterprises (SOEs) listed on the Indonesia Stock Exchange (IDX) during the 2020–2024 period. Financial statement fraud is measured using the Beneish M-Score model, while financial stability is proxied by the ratio of change in total assets (ACHANGE). This study employs a quantitative approach using panel data regression analysis processed with EViews 12 software. The population consists of 21 SOEs; using a purposive sampling technique, 14 companies were obtained as the sample, resulting in a total of 70 observations. The results show that financial stability has a positive and significant effect on financial statement fraud. This finding indicates that pressure stemming from changes and instability in financial conditions drives management to manipulate the presentation of financial statements so that the company’s performance appears favorable to stakeholders. This study contributes to the development of forensic accounting studies and serves as a consideration for management, regulators, and investors in detecting and preventing financial statement fraud in the SOE sector.

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