Determinan Evaluasi Pengelolaan Keuangan PTN BH Di Indonesia : Studi Empiris Pada Satuan Pengawas Internal PTN BH

Abstract

This study aims to empirically examine the determinants of financial management evaluation in Indonesian Legal Entity State Universities (PTN BH), focusing on the influence of internal control effectiveness, internal audit quality, internal auditor auditee relationship, strategic planning, strategic mission, and institutional ethical culture, as well as the moderating role of top management commitment. The research is grounded in the importance of strengthening accountable and performance oriented financial governance within the autonomy framework granted to PTN BH. Quantitative approach was employed through a survey of 276 respondents from the Internal Supervisory Unit (SPI) at PTN BH across Indonesia. Data were analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The results indicate that all independent variables positively and significantly affect the financial management performance of PTN BH. Among them, institutional ethical culture emerges as the most dominant determinant in enhancing financial management effectiveness. Furthermore, top management commitment significantly moderates the relationship between internal control effectiveness, internal audit quality, strategic planning, and institutional ethical culture with financial performance. However, it does not significantly moderate the influence of the internal auditor–auditee relationship and strategic mission. These findings reinforce Institutional Theory, emphasizing the role of organizational values and culture in shaping financial management practices, while also supporting the application of the COSO Framework, Goal Setting Theory, and Attribution Theory within the financial governance of higher education public sector institutions in Indonesia.