Digital Financial Transparency in Local Governments: The Role of Leverage, Dependency, and Fiscal Independence
DOI:
https://doi.org/10.38035/dijefa.v7i2.6867Keywords:
Leverage, Regional Dependency, Regional Independence, Internet Financial ReportingAbstract
This study examines the influence of leverage, regional dependency, and regional independence on the disclosure of local government financial statements through internet-based reporting. The research employs a quantitative method with a causal approach using secondary data obtained from the financial statements of local governments in Kalimantan for the fiscal years 2018–2022. The sample was selected using purposive sampling, resulting in 30 observations. Data were analyzed using multiple linear regression analysis after passing classical assumption tests, including normality, multicollinearity, and heteroscedasticity tests. The results indicate that leverage has a significant effect on the disclosure of local government financial statements through the internet. Regional dependency, however, does not significantly affect financial disclosure. Meanwhile, regional independence shows a significant positive effect on the disclosure of financial statements. These findings suggest that the financial characteristics of local governments, particularly leverage and fiscal independence, play an important role in encouraging transparency and accountability in internet-based financial reporting. The coefficient of determination shows that the independent variables explain 34.4% of the variation in financial disclosure, while the remaining variation is influenced by other factors not included in this study. This study highlights the importance of strengthening financial independence and improving financial management practices to enhance transparency in local government financial reporting.
References
Darmayanti, R., Maryanto, B. P. A., & in’am, A. (2023). DEVELOPMENT LEARNING MEDIA E.A.V ON MATHEMATICAL CONNECTION ABILITY OF JUNIOR HIGH SCHOOL. https://www.researchgate.net/figure/ADDIE-model-development-Darmayanti-et-al-2022_fig1_370448487
Dewi, T. M., & Komarudin, A. (2014). DETERMINAN PUBLIKASI LAPORAN KEUANGAN PEMERINTAH DAERAH MELALUI INTERNET. Jurnal Ilmiah Mahasiswa FEB, 2(2). https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/1178
Dian, A. R., & Haryanto, H. (2013). FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN INFORMASI AKUNTANSI DI INTERNET OLEH PEMERINTAH DAERAH. Diponegoro Journal of Accounting, 0(0), 702–712. https://ejournal3.undip.ac.id/index.php/accounting/article/view/3460
Diatmika, I., & Yadnyana, I. K. (2017). Pengungkapan pelaporan keuangan melalui website dan faktor-faktor yang memengaruhi. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=janrp50AAAAJ&citation_for_view=janrp50AAAAJ:u9iWguZQMMsC
Dwirandra, A. (2008). Lihat artik Efektivitas dan kemandirian keuangan daerah otonom kabupaten/kota di propinsi bali tahun 2002–2006el. https://scholar.google.com/citations?view_op=view_citation&hl=id&user=BnrTuIQAAAAJ&citation_for_view=BnrTuIQAAAAJ:u5HHmVD_uO8C
Fanani, F. A., Sudirman, S., & Muhammad Iqbal, M. (2020). KEPEMIMPINAN TRANSFORMASIONAL SEKTOR PUBLIK. JPSI (Journal of Public Sector Innovations), 4(2), 84–90. https://doi.org/10.26740/JPSI.V4N2.P84-90
Feriyanti, D., & Apriliaswati, R. (2015). THE IMPLEMENTATION OF CONSTRUCTIVISM IN WRITING ANALYTICAL EXPOSITION TEXT. https://garuda.kemdiktisaintek.go.id/documents/detail/1563312
Fikrotul, F., & Kiswanto, H. . (2017). Accounting Analysis Journal The Effect of Political Competition, HDI, and Leverage on The Availability and Accessibility of Local Financial Information on The Website. AAJ, 6(2). http://journal.unnes.ac.id/sju/index.php/aaj
Halim, A. (2018). Akuntansi sektor publik: akuntansi keuangan daerah. https://library.esaunggul.ac.id/detailbuku/index/36363
Hartati, S. (2021). the Effect of Leverage, Legislative Supervision, and Financial Performance on Audit Findings and Government Report Levels in Indonesia. Russian Journal of Agricultural and Socio-Economic Sciences, 112(4), 72–81. https://doi.org/10.18551/rjoas.2021-04.09
Hendriyani, & Tahar. (2015b). Analisis Faktor-faktor yang Memengaruhi Tingkat Pengungkapan Laporan Keuangan Pemerintah Provinsi di Indonesia. Jurnal Bisnis Dan Ekonomi, 22(1), 24223. https://www.neliti.com/publications/24223/
Hendriyani, R., & Tahar, A. (2015a). Analisis Faktor-Faktor Yang Memengaruhi Tingkat Pengungkapan Laporan Keuangan Pemerintah Provinsi Di Indonesia. Jurnal Bisnis Dan Ekonomi (JBE), 22(1).
Heriningsih, S., & Rusherlistyani. (2013). FAKTOR- FAKTOR YANG MEMPENGARUHI TINGKAT PENGUNGKAPAN LAPORAN KEUANGAN PEMERINTAH DAERAH. Jurnal Ekonomi Dan Bisnis, 13.
Hudoyo, Y. T., & Mahmud, A. (2014). FAKTOR-FAKTOR YANG MEMPENGARUHI PENGUNGKAPAN LAPORAN KEUANGAN DI INTERNET OLEH PEMERINTAH DAERAH. https://garuda.kemdiktisaintek.go.id/documents/detail/485880
Jensen, M. C., & Meckling, W. H. (1976). Theory of the firm: Managerial behavior, agency costs and ownership structure. Journal of Financial Economics, 3(4), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X
Khasanah, L. N., & Rahardjo, S. N. (2014). PENGARUH KARAKTERISTIK, KOMPLEKSITAS, DAN TEMUAN AUDIT TERHADAP TINGKAT PENGUNGKAPAN LAPORAN KEUANGAN PEMERINTAH DAERAH. Diponegoro Journal of Accounting, 3(2), 864–874. https://ejournal3.undip.ac.id/index.php/accounting/article/view/6153
Laswad, F., Fisher, R., & Oyelere, P. (2005). Determinants of voluntary Internet financial reporting by local government authorities. Journal of Accounting and Public Policy, 24(2), 101–121. https://doi.org/10.1016/J.JACCPUBPOL.2004.12.006
Lesmana, S. I. (2010). Pengaruh Karakteristik Pemerintah Daerah Terhadap Tingkat Pengungkapan Wajib Di Indonesia. Universitas Sebelas Maret Surakarta.
Lesmana, T. (2013). Penilaian Kinerja Keuangan 5 Perusahaan Perbankan Terbesar Periode 2010-2012 Menggunakan DuPont System. https://scholar.google.com/citations?view_op=view_citation&hl=id&user=BBBnCuQAAAAJ&citation_for_view=BBBnCuQAAAAJ:KlAtU1dfN6UC
Liestiani, A., & Martani, D. (2012). Disclosure of Local Government Financial Statement In Indonesia – Accounting & Finance Corner. https://dwimartani.com/disclosure-of-local-government-financial-statement-in-indonesia/
Mahmudi. (2019). Analisis laporan keuangan pemerintah daerah | Perpustakaan Riset BPK RI. Https://Library.Bpk.Go.Id/Koleksi/Detil/Jkpkbpkpp-p-OSa8c7nnnO.
Miguel-Dávila, J. Á., Cabeza-García, L., Valdunciel, L., & Flórez, M. (2010). Operations in banking: The service quality and effects on satisfaction and loyalty. Service Industries Journal, 30(13), 2163–2182. https://doi.org/10.1080/02642060903289936
Nosihana, A., & Yaya, R. (2016). Internet Financial Reporting dan Faktor-Faktor yang Mempengaruhinya Pada Pemerintah Kota dan Kabupaten Di Indonesia. Jurnal Dinamika Akuntansi Dan Bisnis, 3(2), 89–104. https://doi.org/10.24815/JDAB.V3I2.5389
Pinnuck, M., & Potter, B. N. (2009). The quality and conservatism of the accounting earnings of local governments. Journal of Accounting and Public Policy, 28(6), 525–540. https://doi.org/10.1016/J.JACCPUBPOL.2009.08.002
Raditya, T. A., Ermawati, E., Aswar, K., Andreas, A., & Panjaitan, I. (2022). Factors affecting the disclosure level of local government financial statements: Role of audit opinion. Investment Management and Financial Innovations, 19(3), 291–301. https://doi.org/10.21511/imfi.19(3).2022.24
Rahman, K. G., & Rachman, S. H. (2021). Pengaruh Penerapan Good Governance dan Pengendalian Internal terhadap Kinerja Pengelolaan Keuangan Pemerintah Daerah di Kota Makassar. Equilibrum, 2(February), 25–31. https://doi.org/10.37541/EQ.V2I1.510
Riantani, S., & Nurzamzam, H. (2015). Analysis of company size, financial leverage, and profitability and Itâ€TM s effect to CSR disclosure. https://scholar.google.com/citations?view_op=view_citation&hl=id&user=hkGJg08AAAAJ&citation_for_view=hkGJg08AAAAJ:u5HHmVD_uO8C
Sari, D. K., & Martani, D. (2012). Corporate Governance, and Tax Aggressiveness. The 3rd Accounting and The 2nd Colloquium. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=VARh7fMAAAAJ&citation_for_view=VARh7fMAAAAJ:anf4URPfarAC
Setyaningrum, D., Syafitri, F., Setyaningrum, D., & Syafitri, F. (2012). ANALISIS PENGARUH KARAKTERISTIK PEMERINTAH DAERAH TERHADAP TINGKAT PENGUNGKAPAN LAPORAN KEUANGAN. Jurnal Akuntansi Dan Keuangan Indonesia, 9(2), 4. https://doi.org/10.21002/jaki.2012.10
Sumarjo, H. (2010). Pengaruh Karakteristik Pemerintah Daerah Terhadap Kinerja Keuangan Pemerintah Daerah. https://www.researchgate.net/publication/277735899_Pengaruh_Karakteristik_Pemerintah_Daerah_Terhadap_Kinerja_Keuangan_Pemerintah_Daerah
Weill, P. (2008). Don’t just lead, govern: How top-performing firms govern IT. https://scholar.google.com/citations?view_op=view_citation&hl=en&user=p5pifcgAAAAJ&citation_for_view=p5pifcgAAAAJ:zYLM7Y9cAGgC
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Ready Wicaksono, Dwi Cahyo Utomo, Abdul Rohman
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors who publish their manuscripts in this journal agree to the following conditions:
- The copyright on each article belongs to the author(s).
- The author acknowledges that the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
- Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Dinasti International Journal of Economics, Finance & Accounting (DIJEFA).
