International Journal Papier Public Review

The Effect of Tax Planning, Deferred Tax Assets, and Capital Structure on the Value of Energy Sector Companies Listed on the Indonesia Stock Exchange

Daris Reinard Rizky — 2026-01-14

This study aims to analyze the effect of tax planning, deferred tax assets, and capital structure on firm value in energy sector companies listed on the Indonesia Stock Exchange (IDX). The research employs a quantitative approach using secondary data obtained from audited financial statements of energy companies during the observation period. Data were collected through documentation techniques by accessing the official IDX website and related sources. The analytical method used is multiple linear regression, supported by classical assumption tests consisting of normality, linearity, multicollinearity, autocorrelation, and heteroscedasticity tests to ensure the validity of the regression model. The results show that the regression model fulfills all classical assumptions. The multiple linear regression analysis indicates that tax planning, deferred tax assets, and capital structure have positive regression coefficients toward firm value. The correlation coefficient (R) of 0.716 indicates a strong relationship between the independent variables and firm value, while the coefficient of determination (R²) of 0.513 shows that 51.3% of the variation in firm value can be explained by the three independent variables, with the remaining 48.7% influenced by other factors. The simultaneous test (F-test) demonstrates that tax planning, deferred tax assets, and capital structure jointly have a significant effect on firm value. However, the partial test (t-test) reveals that each independent variable does not have a significant individual effect on firm value. These findings suggest that while the variables collectively influence firm value, their individual impacts are not statistically significant.

Oil and Gas Exploitation of The Liberian Sea

Mamadou Guédiouma Diarra — 2026-03-13

The oil and gas sector in Liberia is still in the early stages of development, despite the country's significant offshore potential. The country has a long coastline and several sedimentary basins that are believed to contain hydrocarbons. However, political instability, corruption, and a lack of infrastructure have hindered the exploration and production of oil and gas in Liberia. In recent years, there have been some efforts to develop the oil and gas sector in Liberia. The government has awarded several offshore blocks to international oil companies, including ExxonMobil, Chevron, and Anadarko. These companies have conducted seismic surveys and drilled some exploration wells, but no significant discoveries have been made yet. The Liberian government has also established the Liberia Petroleum Regulatory Authority (LPRA) to regulate the oil and gas sector and promote transparency and accountability. The LPRA has developed regulations and guidelines for the exploration and production of oil and gas, as well as for the management of revenues. Despite these efforts, the oil and gas sector in Liberia faces several challenges. The country's infrastructure is limited, and there are concerns about the environmental impact of oil and gas activities. Moreover, the government's dependence on revenues from natural resources, such as iron ore and rubber, has led to a lack of diversification and economic vulnerability.

Evaluation of the Follow-up Process for Supervision Results in North Gorontalo Regency

Frenky Reymond Jantu — 2026-03-13

Internal supervision is meaningful only when audit recommendations are followed by effective corrective actions. The completion of Follow-up to Supervision Results (TLHP) therefore becomes a key indicator of government accountability. This study aims to evaluate the implementation of the TLHP policy in North Gorontalo Regency by integrating the CIPP evaluation model (context, input, process, product) with the Analytical Hierarchy Process (AHP) to determine priority weights for each component. The research employed a mixed-methods approach with an exploratory sequential design. Qualitative data were collected through observation, interviews, and document review involving inspectorate officials and regional apparatus organizations, with the researcher acting as the key instrument. The qualitative findings were then used to construct a descriptive quantitative assessment through structured instruments and AHP weighting. Data validity was ensured through triangulation and critical analysis based on established evaluation criteria. The results indicate that planning instruments and procedural guidelines for TLHP implementation are formally available and communication among stakeholders is generally effective. However, implementation frequently deviates from schedules due to budget constraints, incidental activities, and limited technological support. Leadership commitment is evident at the regional head level through the Internal Audit Charter, yet it is not fully translated into performance targets within regional apparatuses. Moreover, although regulations concerning sanctions exist, they are rarely enforced, reducing deterrent effects and contributing to delays in TLHP completion. Strengthening commitment, improving resources, and enforcing sanctions are necessary to enhance policy effectiveness.

Governance Challenges in the Expansion of Renewable Energy in Africa

Ochieng Kaikara — 2026-03-15

The expansion of renewable energy has become an essential strategy for addressing energy shortages, promoting sustainable development, and reducing dependence on fossil fuels across many African countries. Despite the continent’s vast potential in renewable energy resources such as solar, wind, and hydro power, the development and implementation of renewable energy projects remain relatively limited. One of the key factors influencing this situation is the presence of governance challenges that affect policy implementation, institutional coordination, and investment environments in the energy sector. This study aims to examine the governance challenges that influence the expansion of renewable energy in Africa. The research employs a qualitative approach using a systematic literature review method to analyze academic studies, policy reports, and institutional publications related to renewable energy governance in the African context. Data were collected from various scholarly databases and relevant policy documents and were analyzed using thematic analysis to identify key governance issues affecting renewable energy development. The findings indicate that several major governance barriers continue to hinder renewable energy expansion in Africa. These challenges include regulatory and policy inconsistencies, limited institutional capacity, political and economic influences on energy governance, and financial and investment governance constraints. These governance issues create uncertainty in the policy environment, weaken institutional effectiveness, and reduce investor confidence in renewable energy projects. The study highlights the importance of strengthening governance frameworks, improving institutional coordination, and developing transparent financial mechanisms to support renewable energy development. Strengthening governance structures is therefore essential for enabling African countries to effectively harness their renewable energy potential while promoting sustainable energy transitions and long-term economic development.