Uncovering the Relationship between Corporate Social Responsibility (CSR), Fraudulent Financial Statements (FFS), and Culture: A Literature Review Study
DOI:
https://doi.org/10.51601/ijersc.v6i2.947Abstract
This study aims to examine the relationship between Corporate Social Responsibility (CSR), Fraudulent Financial Statements (FFS), and Culture through a Systematic Literature Review (SLR) approach. CSR is a form of corporate social responsibility that covers economic, social, and environmental aspects. At the same time, FFS is the manipulation of financial statements that aims to present information that does not match the actual conditions. The relationship between these two concepts is debated in the literature because although CSR is expected to increase transparency and accountability, cases of FFS are still common even in companies that claim to implement CSR well. Through the SLR method, this study collects and analyzes previous studies in the past five years to identify the relationship patterns and factors influencing CSR, FFS, and Culture. The results show uncertainty, with some studies supporting that CSR can reduce FFS risk through increased ethics and transparency. In contrast, other studies find that CSR can be used as a legitimization tool to hide manipulative practices. This research enriches the accounting and financial management literature by providing a more comprehensive understanding of the role of CSR in FFS control and its practical implications for firms and stakeholders.
Downloads
References
A. U. Andani, “KPK Imbau Saksi Kasus CSR BI Tetap Kooperatif,” www.tirto.id, 2025. https://tirto.id/kpk-imbau-saksi-kasus-csr-bi-tetap-kooperatif-hbuu
A. Amerta dan N. S. Yanuar, “the Impact of Enterprise Risk Management, Corporate Social Responsibility, and Sustainability Report on Firm Value in Banking Sector of Indonesia, Malaysia, and Thailand,” Vallis Aurea, vol. 8, no. 1, hal. 49–65, 2022, doi: https://doi.org/10.2507/IJVA.8.1.4.89.
S. T. Salsabila, “Analisis Pengungkapan Corporate Social Responsibility Di Perbankan Indonesia (Studi Komparatif Bank Pemerintah dan Bank Swasta).” Universitas Brawijaya, 2021.
S. Ponto dan E. B. Santoso, “The Influence of Corporate Social Responsibility and IntellectualCapital Disclosure on Financial Performance of Financial Industry Companies In Malaysia And Indonesia: English,” J. Accounting, Entrep. Financ. Technol., vol. 1, no. 2, hal. 119–134, 2020, doi: https://doi.org/10.37715/jaef.v1i2.1465.
I. M. Sutadji, T. A. Setiyaningsih, B. S. Jannah, A. Gunawan, M. T. Sawo, dan N. Indriastuty, “Studi Komparasi Pengungkapan Sustainability Report Dan Kontribusinya Terhadap Sustainable Development Goals (Study Pada Sektor Perbankan di Indonesia),” KRISNA Kumpul. Ris. Akunt., vol. 16, no. 1, hal. 87–101, 2024.
R. R. Cakti, D. Setiawan, dan Y. A. Aryani, “Board Diversity and Corporate Social Responsibility Disclosure in ASEAN Banking Industry,” Account. Anal. J., vol. 11, no. 1, hal. 10–20, 2022.
F. U. Ashma dan A. C. Laksmi, “Corporate Social Responsibility dan Stabilitas Keuangan terhadap Financial Fraud: Peran Moderasi dari Kualitas Audit,” Reviu Akunt. dan Bisnis Indones., vol. 7, no. 1, hal. 134–152, 2023, doi: https://doi.org/10.18196/rabin.v7i1.17739.
U. Apriani, “Pengaruh komponen-komponen fraud star terhadap korupsi dengan Sistem Pengendalian Intern Pemerintah (SPIP) sebagai variabel moderasi (Studi kasus pada Mahkamah Agung RI),” J. Magister Akunt. Trisakti Vol, vol. 7, no. 1, 2020.
W. Andayani dan M. Wuryantoro, “Good corporate governance, corporate social responsibility and fraud detection of financial statements,” Int. J. Prof. Bus. Rev. Int. J. Prof. Bus. Rev., vol. 8, no. 5, hal. 9, 2023.
E. E. T. Ayati, S. I. Nupus, Y. Yusdian, dan W. Wulandari, “Pengaruh Fraud Hexagon Theory Terhadap Kecurangan Laporan Keuangan Pada Perusahaan Badan Usaha Milik Negara Di Indonesia Tahun 2017-2021,” Innov. J. Soc. Sci. Res., vol. 3, no. 5, hal. 10267–10280, 2023.
G. Soepriyanto, M. Meiryani, dan M. I. Modjo, “Theory and factors influencing fraud in financial statements: a systematic literature review,” in Proceedings of the 2021 International Conference on E-business and Mobile Commerce, 2021, hal. 75–82. doi: https://doi.org/10.1145/3472349.3472359.
X. Li, J.-B. Kim, H. Wu, dan Y. Yu, “Corporate social responsibility and financial fraud: The moderating effects of governance and religiosity,” J. Bus. Ethics, vol. 170, no. 3, hal. 557–576, 2021, doi: https://doi.org/10.1007/s10551-019-04378-3.
R. Reskino dan M. S. Bilkis, “Apakah Good Corporate Governance Memoderasi Hubungan Kecenderungan Kecurangan Manajemen terhadap Fraudulent Financial Statement?,” J. Kaji. Akunt., vol. 6, no. 2, hal. 280–305, 2022, doi: https://doi.org/10.33603/jka.v6i2.7471.
A. A. Ghaisani dan S. Supatmi, “Pendeteksian Kecurangan Pelaporan Keuangan Menggunakan Fraud Pentagon,” Own. Ris. Dan J. Akunt., vol. 7, no. 1, hal. 599–611, 2023, doi: https://doi.org/10.33395/owner.v7i1.1233.
R. Aviantara, “The Association Between Fraud Hexagon and Governmentâ€TM s Fraudulent Financial Report,” Asia Pacific Fraud J., vol. 6, no. 1, hal. 26–42, 2021, doi: https://doi.org/10.21532/apfjournal.v6i1.192.
M. Syafitri, H. N. L. Ermaya, dan A. M. Putra, “Dampak Corporate Governance, Financial Stability, Dan Financial Target Dalam Kecurangan Laporan Keuangan,” J. Akunida, vol. 7, no. 1, hal. 44–59, 2021.
Z. Caha, R. Skýpalová, dan T. Mrhálek, “CSR as a framework for sustainability in SMEs: The relationship between company size, industrial sector, and triple bottom line activities,” Asia Pacific Manag. Rev., vol. 29, no. 4, hal. 451–461, 2024, doi: https://doi.org/10.1016/j.apmrv.2024.09.006.
R. Zhao, W. Hou, V. Kumar, dan A. Kumar, “Signalling effects of doing good in global ICO markets,” J. Bus. Res., vol. 168, hal. 114224, 2023, doi: https://doi.org/10.1016/j.jbusres.2023.114224.
Å. Lindman, H. Ranängen, dan O. Kauppila, “Guiding corporate social responsibility practice for social license to operate: A Nordic mining perspective,” Extr. Ind. Soc., vol. 7, no. 3, hal. 892–907, 2020, doi: https://doi.org/10.1016/j.exis.2020.07.013.
T. Garanina dan O. Kim, “The relationship between CSR disclosure and accounting conservatism: The role of state ownership,” J. Int. Accounting, Audit. Tax., vol. 50, hal. 100522, 2023, doi: https://doi.org/10.1016/j.intaccaudtax.2023.100522.
C. Sun, J. Jin, K. Nainar, dan G. Lobo, “Does firms’ corporate social responsibility reduce crime?,” Int. Rev. Econ. Financ., vol. 96, hal. 103719, 2024, doi: https://doi.org/10.1016/j.iref.2024.103719.
A. Amin, S. Mollah, S. Kamal, Y. Zhao, dan R. Simsek, “Independent directors’ connectedness and bank risk-taking,” J. Financ. Stab., vol. 75, hal. 101324, 2024, doi: https://doi.org/10.1016/j.jfs.2024.101324.
V. Q. Trinh, N. D. Cao, T. Li, dan M. Elnahass, “Social capital, trust, and bank tail risk: The value of ESG rating and the effects of crisis shocks,” J. Int. Financ. Mark. Institutions Money, vol. 83, hal. 101740, 2023, doi: https://doi.org/10.1016/j.intfin.2023.101740.
R. S. Ariani, H. Hwihanus, dan F. W. Ramadanthy, “Development of Corporate Social Responsibility Implementation (Study in Indonesia and Malaysia),” J. Econ. Assets, Eval., vol. 1, no. 4, hal. 10, 2024, doi: https://doi.org/10.47134/jeae.v1i4.346.
C. Joseph, F. R. Cahaya, S. N. S. Yusuf, A. N. Probohudono, dan E. M. Kurniawati, “Corporate ethical values disclosure: Evidence from Malaysian and Indonesian top companies,” Int. J. Account. Inf. Manag., vol. 32, no. 3, hal. 369–389, 2024, doi: https://doi.org/10.1108/IJAIM-01-2023-0007.
X. Han, S. Samad, W. Kim, dan F. Wei, “From corporate responsibility to green loyalty: How CSR initiatives shape sustainable choices among banking consumers in China,” Acta Psychol. (Amst)., vol. 255, hal. 104944, 2025, doi: https://doi.org/10.1016/j.actpsy.2025.104944.
T. Tarjo et al., “Corporate social responsibility, financial fraud, and firm’s value in Indonesia and Malaysia,” Heliyon, vol. 8, no. 12, 2022, doi: https://doi.org/10.1016/j.heliyon.2022.e11907.
I. Bautista-Bernal, C. Quintana-García, dan M. Marchante-Lara, “Safety culture, safety performance and financial performance. A longitudinal study,” Saf. Sci., vol. 172, hal. 106409, 2024, doi: https://doi.org/10.1016/j.ssci.2023.106409.
T. Hertel, D. Kaya, dan D. Reichmann, “Corporate culture and M&A deals: Using text from crowdsourced employer reviews to measure cultural differences,” J. Bank. Financ., vol. 161, hal. 107118, 2024, doi: https://doi.org/10.1016/j.jbankfin.2024.107118.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 International Journal of Educational Research & Social Sciences

This work is licensed under a Creative Commons Attribution 4.0 International License.