Analysis of Transparency, Accountability, and Corporate Governance on Financial Performance in Digital Companies
DOI:
https://doi.org/10.55927/ijba.v6i2.16460Keywords:
Transparency, Accountability, Corporate Governance, Financial PerformanceAbstract
The development of financial performance in the digital company sector over the past decade reflects a highly dynamic transformation from an aggressive growth phase to a more stable profitability phase. In the early stages of growth, digital companies tended to prioritize market expansion and massive user acquisition, often recording negative operating cash flow in order to build a dominant ecosystem. The purpose of this study is to analyze the influence of transparency, accountability, and corporate governance on financial performance in digital companies. This research is a comparative causal study with a quantitative approach. The population of this study was digital companies listed on the Indonesia Stock Exchange during the reporting years 2020 to 2025, with criteria including technology issuers, data centers, and digital banks. The sampling technique used was purposive sampling. Based on predetermined criteria, the sample in this study was 15 digital companies. This research analysis uses multiple linear regression analysis. The results show that transparency has a significant effect on financial performance in digital companies. Accountability has a significant effect on financial performance in digital companies. Corporate governance has a significant effect on financial performance in digital companies.
Downloads
References
Ahmad, I. F., Ramadhani, R. R., Sinaga, R. I. H., Salim, M. A., & Prawira, I. F. A. (2025). TRANSPARANSI DAN AKUNTABILITAS: DAMPAK PADA KINERJA PERUSAHAAN. Musytari: Jurnal Manajemen, Akuntansi, dan Ekonomi, 18(1), 1-10.
Dewi, M., & Novridayani, Z. (2019). Analisis pengaruh tata kelola perusahaan yang baik, kinerja keuangan dan ukuran perusahaan terhadap kesulitan keuangan di perusahaan manufaktur yang terdaftar di BEI tahun 2015-2017. Jurnal Manajemen Dan Keuangan, 8(3), 281-299.
Fransisco, F., Prasetyo, K., Surya, S., Hutahean, T. F., & Pandiangan, S. M. T. (2024). Faktor-Faktor Fundamental Terhadap Earning Per Share Pada Perusahaan Perbankan BUMN. Journal of Economic, Bussines and Accounting (COSTING), 7(3), 5837-5844.
Gultom, J. A., Pandiangan, S. M. T., Silitonga, M., Sinurat, W., & Naibaho, R. (2024). PENGARUH PELATIHAN KERJA KARYAWAN TERHADAP PENINGKATAN KUALITAS PRODUK. ATDS SAINTECH JOURNAL OF ENGINEERING, 5(1), 14-18.
Gultom, J. A., Silitonga, M., Pandiangan, S. M. T., & Sinurat, W. (2024). ANALISIS SERVEQUAL DAN IMPORTANCE PERFORMANCE ANAYLISIS (IPA) UNTUK MENINGKATKAN KEPUASAN PELANGGAN PADA BENGKEL SEPEDA MOTOR. ATDS SAINTECH JOURNAL OF ENGINEERING, 5(2), 56-68.
Hamzah, R., Shifa, M., Musdirwan, M., Tanjung, I. I., Ningsih, L., & Pandiangan, S. M. T. (2025). Analysis of the Role of Decent Living Standards and Knowledge on Human Development Index Growth. International Journal Of Education, Social Studies, And Management (IJESSM), 5(3), 1566-1572.
Hediono, B. P., & Prasetyaningsih, I. (2019). Pengaruh implementasi good corporate governance terhadap kinerja keuangan perusahaan. Jurnal Riset Manajemen Dan Bisnis, 14(1), 47-58.
Indriyanti, R., Ariyanto, T. D., & Puspita, D. A. (2025). Analisis Implementasi Good Corporate Governance (Gcg) Dalam Meningkatkan Transparansi Dan Keberlanjutan Tata Kelola Perusahaan (Tinjauan Deskriptif Pada Pt Bukit Asam Tbk). At-Taklim: Jurnal Pendidikan Multidisiplin, 2(6), 892-905.
Karim, R. A., & Mursalim, M. (2019). Pengaruh akuntabilitas, transparansi dan sistem pengendalian intern terhadap kinerja keuangan. PARADOKS: Jurnal Ilmu Ekonomi, 2(1), 39-49.
Kurdhi, N. A., Sunarta, D. A., SH, M., Nur, N., Jenita, S. E., Hatta, I. H. R., ... & Rahman, A. (2023). Statistika Ekonomi. Cendikia Mulia Mandiri.
Lumbanraja, P. C., Lumbanraja, P. L., & Pandiangan, S. M. T. (2024). Covid-19 Pandemic: Is there any impact on the Agribusiness Index?. Research of Finance and Banking, 2(2), 87-96.
Marcella, V., Hutahaean, T. F., & Pandiangan, S. M. T. (2024). Determinant of Transfer Pricing Practices for Property and Real Estate Companies Listed on the Indonesia Stock Exchange Period 2020-2022. Journal of Management and Bussines (JOMB), 6(6), 1986-1993.
Mariani Alimuddin, S. E., Jana Sandra, S. E., Sarce Babra Awom, S. E., Pandiangan, S. M. T., Solehudin, M. M., Ahmad, S. E., ... & SE, M. (2023). Pengantar Ekonomika. Cendikia Mulia Mandiri.
Pandiangan, S. M. T. (2022). Analysis of Factors Affecting Interest in Buying a House. Journal of Innovation Research and Knowledge, 2(6), 2615-2620.
Pandiangan, S. M. T. (2023). Effect of Packaging Design and E-Satisfaction on Repurchase Intention with Quality of Service as an Intervening Variable to the Politeknik Unggulan Cipta Mandiri Students Using E-Commerce Applications. Journal of Production, Operations Management and Economics (JPOME), 3(4), 51-58.
Pandiangan, S. M. T. (2024). Effect of Income and Expenditure on Foreign Visitors at Indonesian Commercial Tourist Attractions. Journal of Social Responsibility, Tourism, and Hospitality (JSRTH), 4(2), 1-7.
Pandiangan, S. M. T., Gultom, J. A., Ariani, D., Dharmawan, D., & Butar-Butar, R. S. (2023). Effect of Problem-Based Learning Model on Learning Outcomes in Microeconomic Course. Edumaspul: Jurnal Pendidikan, 7(2), 5572-5575.
Pandiangan, S. M. T., Pattiasina, V., Mawadah, B., & Dharmawan, D. Suratminingsih.(2023). Effectiveness of Problem-Based Learning Model on Critical Thinking Ability in Financial Management Course. Edumaspul. Jurnal Pendidikan, 7(2), 5576-5580.
Pandiangan, S. M. T., Tambunan, H. N., Gultom, J. A., & Hutahaean, T. F. (2024). Analysis of Asset Management Ratio and Solvency Management Ratio. Journal of Corporate Finance Management and Banking System (JCFMBS), 4(2), 25-36.
Pandiangan, S. M. T., Fachrurazi, I., & Kevin, N. Yulia, & Dharmawan, Donny.(2024). Increasing Learning Achievement through the Application of Inquiry Methodsin Entrepreneurship Courses. Edumaspul: Jurnal Pendidikan, 8(1), 2471-2476.
Pandiangan, S. M. T., Sintesa, N., MM, C. P., Tarmin Abdulghani, S. T., MT, C., Ayi Muhiban, S. E., ... & Ak, M. (2024). PENGANTAR BISNIS DIGITAL. Cendikia Mulia Mandiri.
Pandiangan, S. M. T., Lumbanraja, P. C., Lumbanraja, P. L., Gultom, J. A., & LC, M. A. (2024). Effect of Service Quality on Hotel Guest Loyalty with Hotel Guest Satisfaction as an Intervening Variable in Five-Star Hotel. Journal of Social Responsibility, Tourism, and Hospitality (JSRTH), 4(3), 33-41.
Pandiangan, S. M. T., Sigalingging, L., Nafisa, L., Tasrim, T., & Santosa, S. (2025). PELATIHAN PENGGUNAAN FITUR SPSS KEPADA WIRAUSAHA SEBAGAI SARANA PROMOSI BISNIS. J-ABDI: Jurnal Pengabdian kepada Masyarakat, 4(8), 1585-1592.
Pandiangan, S. M. T., Dharmawan, D., Hariyanto, M., Pujiastuti, E., & Zalogo, E. F. (2025). Resilience Management in Generation Z Entrepreneurs in Medan City. International Journal Of Education, Social Studies, And Management (IJESSM), 5(1), 19-26.
Pandiangan, Saut Maruli Tua, Syaiful, Muhammad, Kundhani, Eranus Yoga, Elizabeth, Roosganda, Atmaja, Unang, Hatta, Muhammad, Kotngoran, Wiljan Atfentia, & Febrian. (2025). Pengantar Ekonomi Makro (Konsepsi dan Implementasinya). ISBN: 978-634-255-105-9. Padang: Penerbit Get Press Indonesia.
Pandiangan, Saut Maruli Tua, Gultom, Josua Alexander, Lumbanraja, Pretty Luci, Tambunan, Hotbona Novandi, & Simamora, Sarah Betty Tiomsi. (2025). The Impact of Green Marketing on Environmentally Friendly Consumer Behavior in Restaurants in Medan City. International Journal of Science and Environment (IJSE), 5(4), 361–368.
Ratnawita, P., Tua, S. M., Pratomo, A. B., Saputra, E. K., & Nuryanto, U. W. (2023). Analysis of the Experience of Teachers on Student Achievement in Economics at Private High School. Edumaspul. Jurnal Pendidikan, 7(1), 522-526.
Sains, F. S. (2018). Analisis pengaruh pengelolaan keuangan daerah, akuntabilitas dan transparansi terhadap kinerja keuangan pemerintah. The New Fraud Triangle Model Dengan Perspektif Syariah Dalam Mendeteksi Perilaku Fraud. Ekuitas (Jurnal Ekonomi Dan Keuangan), 4(1), 21-46.
Sihombing, R. S. Z., Tutik, D. W., Nathalie, N., Hutahean, T. F., & Pandiangan, S. M. T. (2024). Analisis Rasio Likuiditas, Solvabilitas, Aktivitas, Pertumbuhan Dan Profitabilitas Terhadap Earning Per Share Terhadap PT. Bank BRI Tbk Pada Tahun 2018-2021. Journal of Economic, Bussines and Accounting (COSTING), 7(4), 8085-8093.
Sudirman, S., Taryana, T., Suprihartini, Y., Maulida, E., & Pandiangan, S. M. T. (2023). Effect of Lecturer Service Quality and Infrastructure Quality on Student Satisfaction. Journal of Innovation Research and Knowledge, 2(9), 3577-3582.
Tambunan, H. N., Pandiangan, S. M. T., & Candra, S. Mei Veronika Sri Endang, & Hendarti, Ricca.(2024). Upaya Peningkatan Perekonomian dengan Memanfaatkan Potensi Ibu Rumah Tangga di Era Digital pada Kelurahan Durian, Kecamatan Medan Timur. E-Amal: Jurnal Pengabdian kepada Masyarakat, 4 (1), 1-6.
Tambunan, H. N., & Pandiangan, S. M. T. (2024). Pengaruh Kegunaan Manajemen Sumber Daya Manusia (MSDM) dalam Meningkatkan Kinerja Organisasi. AKADEMIK: Jurnal Mahasiswa Humanis, 4(2), 650-658.
Tambunan, H. N., Haribowo, R., Akbar, A., Munizu, M., & Pandiangan, S. M. T. (2025). Operational Management for Business Production Processes. International Journal of Education, Social Studies, and Management (IJESSM), 5(1), 161-169.
Tambunan, H. N., Hutasoit, D. T. M., Julyarman, N., Nathaniel, R., Fakih, C., & Pandiangan, S. M. T. (2025). Talent Management Strategy to Face the Challenges of the Industrial Revolution 5.0 Era. International Journal Of Education, Social Studies, And Management (IJESSM), 5(2), 1109-1120.
Tambunan, Hotbona Novandi, Candra, & Pandiangan, Saut Maruli Tua. (2025). Strategi Manajemen Sumber Daya Manusia Hijau untuk Mengatasi Tantangan Keberlanjutan Organisasi. ProBisnis: Jurnal Manajemen, 16(6), 3064-3071.
Wijaya, A., Hutahean, T. F., & Pandiangan, S. M. T. (2024). PENGARUH FEE AUDIT, AUDIT TENURE, REPUTASI AUDITOR, KOMITE AUDIT, DAN ROTASI AUDIT TERHADAP KUALITAS AUDIT PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2019-2022. Journal of Economic, Bussines and Accounting (COSTING), 7(5), 4426-4438.
Yoppy, I., Hartono, I. A., Hutahaean, T. F., & Pandiangan, S. M. T. (2023). Influence Profitability, Policy debt, Policy Dividend, Investment Decision, And Firm Size to Company Value Manufacture Sub Sector Food And Drink Which Registered In the Indonesian Stock Exchange. International Journal of Economics Social and Technology, 2(3), 175-183.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Octojaya Abriyoso, Dodi Siswanto, Samsidar, Rihfenti Ernayani, Musran Munizu
This work is licensed under a Creative Commons Attribution 4.0 International License.
