https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa Journal Title : Review of Ethics in Sustainable Finance and Accounting Initials : RESFA Frequency : 2 Issues per year (March and September) Online ISSN : 3123-8505 Editor in Chief : Dr. Siska Ernawati Fatimah DOI : 10.70865/resfa Publisher : CV. Proaksara Global Transeduka Review of Ethics in Sustainable Finance and Accounting (RESFA) is an interdisciplinary publication dedicated to original research and scholarly work in the fields of ethical practices, sustainable finance, and accounting. This journal aims to facilitate and promote the dissemination of knowledge and innovative findings to a global audience of researchers, practitioners, and policymakers. The RESFA provides a platform for critical discussions and advancements in understanding ethical considerations in finance and accounting, aligning with the pressing global needs for sustainable and responsible financial practices. By serving as a forum for research and discourse, the journal plays an essential role in advancing scholarly understanding of strategies that enhance ethical financial practices while ensuring sustainability and accountability. The scope of our journal includes: Ethics in Sustainable Finance Sustainable Accounting and Environmental Reporting Sustainable Investment and ESG Corporate Social Responsibility and Accountability Business Ethics and Corporate Governance Transparency and Accountability in Financial Reporting Financial Impact of Climate Change and Environmental Risks Green Finance and Sustainable Financial Instruments Role of Accounting in Achieving SDGs Ethics in Investment and Portfolio Management Environmental and Sustainability Auditing Public Policy and Regulations related to Sustainable Finance Organizational Behavior and Ethics in Financial Decision Making Ethical Issues in Public and Private Sector Accounting All manuscripts submitted to RESFA should be written in English . Submissions undergo a rigorous double-blind peer review process and are published twice a year ( March and September ). e-ISSN : 3123-8505 (online) en https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/227 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/227 This research analyzes document availability and designs Standard Operating Procedures (SOPs) for Occupational Health and Safety (OHS), specifically earplug Personal Protective Equipment (PPE) use, and Corporate Social Responsibility (CSR) at PT Peputra Supra Jaya. The study was motivated by mandatory Indonesian Sustainable Palm Oil (ISPO) certification for oil palm plantation companies and Stage II Audit findings revealing the absence of SOPs for earplug usage in high-noise areas and CSR implementation. PT Peputra Supra Jaya was selected because, despite holding a Cultivation Plantation Business Licence, it had not yet obtained ISPO certification and had been notified of this obligation by the Riau provincial government and the Directorate General of Plantations. A project-based qualitative case study was conducted at the company from mid-August to October 2024, using observation, document review, and in-depth interviews with company management, including the Director, Estate Manager, Mill Manager, Plantation Assistant, Head of Plantation Administration, and Head of Mill Administration, and the ISPO certification audit team. Results indicate that SOPs for earplug usage and CSR activities were previously unavailable. To address the audit findings, this study produced draft SOPs covering: (1) earplug PPE usage, encompassing requisitioning, purchase approval, distribution, training, protocols for noisy areas, storage, maintenance, and replacement; and (2) CSR, covering planning, implementation, monitoring, evaluation, and accountability in a measurable, sustainable manner. Implementation of these draft SOPs is expected to help PT Peputra Supra Jaya meet ISPO principles and criteria, enhance OHS compliance, strengthen relationships with local communities, and support the sustainability of its operations and business. Mon, 14 Sep 2026 00:00:00 GMT Yusriani Ana Nufisa Sari Choirul Anwar Rida Prihatni https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/214 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/214 The first-year budget absorption of Foreign Loans and Grants (FLG) projects is an important indicator of government project performance. However, several FLG-funded projects at the Ministry of Health have not achieved their budget absorption targets. This study aims to analyze the implementation of Good Governance principles, first-year budget absorption performance, and the role of project readiness. This study employed a qualitative case study approach on the Indonesia Health Systems Strengthening (IHSS) Project. Data were collected through in-depth interviews, observations, and document analysis using purposive sampling. Data were analyzed using the Miles, Huberman, and Saldaña interactive model through open coding and axial coding. Data credibility was ensured through source triangulation, technique triangulation, and member checking. The findings show that Good Governance principles have been implemented through transparency, accountability, responsibility, independence, and fairness. Nevertheless, first-year budget absorption remained suboptimal due to delays in project organization, limited human resource capacity, the complexity of international procurement, the No Objection Letter (NoL) approval process, and uneven hospital readiness. The study concludes that Good Governance provides the foundation for effective FLG project management, while project readiness plays a critical role in achieving optimal budget absorption. Mon, 24 Aug 2026 00:00:00 GMT Nila Aristiani Widyasari Adam Zakaria Indra Pahala https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/206 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/206 This study seeks to examine the influence of green intellectual capital (GIC), green accounting (GA), and carbon emission disclosure (CED) on financial performance, as proxied by enterprise value (EV), whilst also evaluating the moderating role of managerial ownership in mining sector companies listed on the Indonesia Stock Exchange over the 2020–2024 period. A quantitative approach was employed, with secondary data gathered from corporate financial statements and annual reports. Through purposive sampling, a total of 58 companies were selected, yielding 290 observations in aggregate. Data analysis was done by multiple linear regression and Moderated Regression Analysis (MRA) with IBM SPSS 26. The findings reveal that green intellectual capital and green accounting exert a negative and significant effect on enterprise value, whereas carbon emission disclosure was found to bear a positive and significant impact on enterprise value. Managerial ownership was similarly determined to impose a negative and significant effect on enterprise value. As a moderating variable, managerial ownership was shown to reinforce the relationship between green accounting and enterprise value, yet proved unable to moderate the effects of either green intellectual capital or carbon emission disclosure. An Adjusted R-Square value of 0.756 suggests that 75.6 per cent of the variation in enterprise value is accounted by the variables within the research model, with the remaining portion attributed to factors beyond the model. These findings suggest that investments directed toward environmental sustainability do not invariably produce short-term economic gains; nonetheless, transparency in carbon emissions disclosure may strengthen investor confidence and enhance corporate value. Tue, 28 Jul 2026 00:00:00 GMT Davita Dewardani I Gusti Ketut Agung Ulupui Ayatulloh Michael Musyaffi https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/200 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/200 Publicly traded firms are now operating in an environment of growing intricacy, which has pushed issues like governance standards, societal obligations, and economic results to the center of their strategic planning conversations. The mining sector holds a distinctively prominent place in Indonesia because of its major contribution to the country’s economic performance, while simultaneously facing substantial environmental and social perils. Consequently, the deployment of Good Corporate Governance (GCG) and Corporate Social Responsibility (CSR) represents a strategic imperative rather than a mere legal formality. Focusing on mining companies listed on the Indonesia Stock Exchange over the 2020–2024 timeframe, this study examines the effect of GCG and profitability on firm value, with CSR serving as a mediating factor. The study utilized a quantitative framework grounded in the Structural Equation Modeling–Partial Least Square (SEM-PLS) method. According to the results, the meeting frequencies of both the board of directors and the board of commissioners have no significant bearing on either CSR or firm value. ROA, however, impacts both CSR and firm value. The influence of CSR on firm value is characterized by a negative trajectory. Furthermore, CSR does not mediate the effect of either board’s meeting frequency on firm value. Nevertheless, CSR does act as a mediator in the relationship between profitability and firm value, though the pathway it reveals is negative. These insights imply that profitability, relative to the Good Corporate Governance instruments considered in this study, emerges as the more dominant force shaping firm value. Mon, 22 Jun 2026 00:00:00 GMT Diar Aprilliana Anggraeni I Gusti Ketut Agung Ulupui Rida Prihatni https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/168 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/168 As industrial rivalry intensifies, companies face mounting pressure to boost their performance and market valuation. Nevertheless, prioritizing profits above all else tends to result in the disregard of social and environmental responsibilities which a tendency particularly pronounced in manufacturing, where operations involving waste disposal directly affect ecological systems. Consequently, firms must not only implement but also publicly disclose their Corporate Social Responsibility (CSR) commitments, thereby demonstrating accountability to stakeholders while simultaneously cultivating investor confidence and enhancing corporate value. This study examines the relationship between Corporate Social Responsibility (CSR) disclosure and firm value, with environmental performance as a moderator, focusing on manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2020-2022. Using a sample of 58 companies (174 firm-year observations), CSR disclosure was measured using the Global Reporting Initiative (GRI) G4 index, firm value using Tobin’s Q, and environmental performance using PROPER ratings from the Ministry of Environment. Moderated regression analysis reveals that CSR disclosure has a significant positive effect on firm value (β = 8.426, p < 0.05). Furthermore, environmental performance significantly strengthens this relationship (interaction β = 2.791, p < 0.05), indicating that the CSR-firm value linkage is amplified for companies with superior environmental ratings. The model explains 7.9% of firm value variation. These findings support stakeholder, legitimacy, and signaling theories, demonstrating that environmental performance enhances investor confidence in CSR activities. The study provides implications for corporate sustainability strategy, investor decision-making, and environmental policy design in emerging markets. Fri, 27 Feb 2026 00:00:00 GMT I Putu Bayu Suda I Made Karya Utama https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/67 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/67 This study examined the extent to which corporate social responsibility (CSR) disclosures impact the financial performance of publicly quoted oil and gas companies in Nigeria. Two CSR disclosure indicators - local community initiatives and social donations/gifting - were employed as independent variables, alongside four financial performance indicators: return on assets (ROA), return on equity (ROE), return on capital employed (ROCE), and earnings per share (EPS). Firm size served as a control variable. Using dummy variables for CSR disclosures and panel data from 10 companies over a 10-year period (2014–2023), the analysis applied descriptive, post-estimation, and inferential statistics through fixed and random effects models.Findings revealed that CSR disclosures significantly influenced ROA (F = 11.31; p < 0.05), ROCE (F = 9.54; p < 0.05), and EPS (F = 32.40; p < 0.05), while their effect on ROE was insignificant (F = 1.26; p = 0.2933 > 0.05). The study concludes that CSR disclosures are key determinants of financial performance, particularly in enhancing ROA, ROCE, and EPS.Based on the findings, it is recommended that regulatory authorities in Nigeria’s oil and gas sector encourage firms to invest more in CSR-related ventures, as they have proven financial benefits. Furthermore, oil and gas companies should scale up in size and capital employed while advocating for greater CSR transparency to enhance overall financial performance. Wed, 14 May 2025 00:00:00 GMT Saturday Hope Enwien Ebiaghan Frank Orits https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/63 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/63 This study explores the integration of Artificial Intelligence (AI) in forensic investigations for fraud detection within Nigerian firms. As conventional approaches prove inadequate against increasingly complex fraudulent activities threatening business sustainability, the research examines how AI technologies can enhance investigative processes. Using a documentary approach, the study analyzes the application of data analytics, machine learning algorithms, and predictive modeling in improving the speed, accuracy, and efficiency of fraud detection. Despite implementation challenges in the Nigerian context, findings indicate that AI-driven forensic techniques facilitate more effective fraud detection and prevention through proactive monitoring. The study recommends that Nigerian firms prioritize integrating AI technologies into their forensic frameworks, provide regular training for forensic teams on AI tools, and collaborate with technology providers to develop customized solutions addressing specific fraud detection challenges within Nigerian businesses. Mon, 21 Apr 2025 00:00:00 GMT Chukwuekwu Nordi Okonta Chiamogu Anselm Nnamdi https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/53 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/53 This study aims to analyse the effect of workload, compensation, and organisational communication on job satisfaction of non-educational staff at Mahaputra Muhammad Yamin University Solok. This research uses quantitative methodology with a sample of 39 respondents. Information was collected through questionnaires. Multiple regression analysis resulted in a regression equation Y = 8.510 + 0.486X1 + 0.219X2 + 0.126X3 + e. The calculated t value of 3.074 > t table 2.03011 and sig 0.004 < 0.05 indicates that workload (X1) significantly affects job satisfaction. Based on the results of the t test, compensation does not significantly affect job satisfaction (X2), as indicated by the t value of 1.731 < t table 2.03011 and sig value of 0.092 > 0.05. In addition, the calculated t value of 0.838 < t table 2.03011 and sig 0.408 > 0.05 indicate that job satisfaction and organisational communication (X3) are not significantly correlated. At Mahaputra Muhammad Yamin University in Solok, job satisfaction of non-educational personnel is influenced by workload, salary, and organisational communication, as indicated by the calculated F value of 28.339 > F table 3.27. The three variables have an influence of 70.8% on job satisfaction, based on the R Square value of 0.708 or 70.8%, while the variables not included in this study are 29.2%. Mon, 21 Apr 2025 00:00:00 GMT Nurhayati Nurhayati Ida Nirwana Yogi Pratama https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/26 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/26 While the business world is starting to understand the significance of recruitment dynamics, there is still a lack of scholarly research investigating the reasons behind how recruitment dynamics affect organizational performance, especially in the banking industry. The aim of this research was to fill a gap in knowledge by performing a descriptive analysis with primary data gathered from 176 employees at specific banks in Delta State, Nigeria, using a straightforward random sampling technique. The information was obtained through questionnaires filled out by the employees themselves and then examined using descriptive statistics, bivariate correlation analysis, and multiple linear regression analysis. The results showed a strong positive linear relationship between Culture and performance, and the regression analysis revealed that the dimensions of recruitment dynamics (work experience, educational background, and cultural outfit) are statistically significant predictors of organizational performance at a 95% level of confidence. Specifically, the findings indicate that a unit increase in work experience, education, and Culture leads to a significant increase in organizational performance. The study concludes that recruitment dynamics have a significant impact on organizational performance in the banking sector and recommends that banks leverage social media platforms and short text messaging services to facilitate prompt reporting and action on misconduct and corrupt practices. Sat, 12 Apr 2025 00:00:00 GMT Akpenyi Florence Dumbiri Kifordu Anyibuofu Anthony Odita O. Anthony https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/43 https://darkgray-woodpecker-377287.hostingersite.com/index.php/resfa/article/view/43 CSR is a firm’s dedication to the environmental and social responsibility of business practices. As businesses become more aware of their social and environmental responsibilities, CSR has become more and more important in today’s firm operations. Firms have begun introducing workplace wellness programs, counselling services, and stress management workshops to support employee well-being. These initiatives align with clinical psychology principles, emphasising resilience, ethical behaviour, and interpersonal dynamics. The study The study adopts a quantitative research design to explore the intersection of CSR, FP, and clinical psychology. The study population comprise of the 108 non-financial firms quoted in the Nigerian Exchange Group (NGX) as at December 2024. A purposive sampling technique is employed to select 85 respondents who have direct experience with CSR practices and mental health interventions in their organizations. The study data is collected through a structured questionnaires designed to measure respondents' perceptions of CSR initiatives, FP, and clinical psychology-related programs. The results of the study amongst others indicate that CSR initiatives focusing on employee well-being contribute to productivity and stakeholder trust. The study concluded that, the intersection of CSR, firm performance, and clinical psychology principles reveals promising trends. CSR and mental health-focused programs guided by psychological insights will positively impact employee well-being, productivity, ethical leadership, stakeholder trust, and sustainability. It was recommended in the study that, firms should prioritize psychological well-being when designing and implementing CSR initiatives to fully realize their potential benefits. Fri, 11 Apr 2025 00:00:00 GMT Samuel Ejiro Uwhejevwe-Togbolo Victoria Omenebele Kaizar Sunny Oteteya Temile Festus Elugom Ubogu Prince Efanimjor A. A. Okwoma