Formosa Journal of Applied Sciences (FJAS)
Vol. 2 No. 7 (2023): July 2023

Detection of Financial Distress Mediated by Fraudulent Financial Statements with the F-Score and Z-Score Approach in the Pandemic Era Listed on the Indonesia Stock Exchange

Wildatul Muawanah (UPN “Veteran” Jawa Timur)
Rida Perwita Sari (UPN “Veteran” Jawa Timur)

Article Info

Publish Date
29 Jul 2023

Abstract

The purpose of this study is to detect bankruptcy caused by financial statement fraud in companies listed on the Indonesian Stock Exchange (IDX) with a detection tool, namely fraud pentagon theory which consists of stimulus, ability, opportunity, rationalization and ego with the F-Score and Z methods -Scores. This study uses a descriptive quantitative approach using Smart PLS 4.0. The population of this research is the property & real estate, transportation & logistics sub-sector companies listed on the Indonesia Stock Exchange for the 2020-2022 period with a sample of 32 companies. The results of this study indicate that there is a strong indication of the effect of stimulus and ability on financial distress. Opportunity, rationalization, and ego have no effect on financial distress. Fraudulent financial statements cannot mediate the influence of stimulus, ability, opportunity, rationalization and ego on financial distress.

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Journal Info
Formosa Journal of Applied Sciences (FJAS)
Website

Abbrev

fjas

Publisher

PT FORMOSA CENDEKIA GLOBAL

Subject

Control & Systems Engineering Decision Sciences, Operations Research & Management Education Engineering Social Sciences

Description

Formosa Journal of Applied Sciences (FJAS) seeks to propose and disseminate the knowledge by publishing original research findings and novelties, review articles and short communications in the wide spectrum of applied sciences. Scope of the journal includes: Biology, chemistry, physics, ...