ANALYSIS OF FINANCIAL STATEMENT FRAUD USING THE FRAUD HEXAGON APPROACH IN STATE-OWNED ENTERPRISES LISTED ON THE INDONESIA STOCK EXCHANGE
DOI:
https://doi.org/10.30871/jama.v9i2.11752Keywords:
Financial Accounting, Fraud, Fraud Hexagon, Financial Statement FraudAbstract
This study aims to analyze various factors from the fraud hexagon in relation to detecting financial statement fraud in State-Owned Enterprises listed on the Indonesia Stock Exchange (IDX) during the 2019–2021 period. The study population consists of 24 State-Owned Enterprises listed on the IDX. A purpos- ive sampling method was used to select the sample, resulting in 13 State-Owned Enterprises that met the research criteria, with a total of 39 observations. The novelty of this research lies in the addition of a new variable financial stability as an indicator to measure stimulus or pressure. The data were processed using lo- gistic regression analysis with IBM SPSS version 27. The findings indicate that Rationalization, proxied by Total Accruals, has a significant positive effect on detecting financial statement fraud. In contrast, financial stability, external pres- sure, financial targets, opportunity, capability, arrogance, and collusion do not show significant effects on the detection of financial statement fraud.
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