Purbaya Effect dan Tertib Anggaran Publik dalam Perspektif Agency Theory dan Stewardship Theory

Rina Komala; Layali Ihyani

doi:10.29303/jseh.v11i4.979

Authors

Rina Komala Prodi Bisnis Digital, Fakultas Ekonomi dan Bisnis, Universitas Bumigora
Layali Ihyani Prodi Akuntansi, Fakultas Ekonomi dan Bisnis, Universitas Bumigora

DOI:

https://doi.org/10.29303/jseh.v11i4.979

Keywords:

Fiscal accountability, Purbaya Effect, Public budget orderliness, Agency Theory, Stewardship Theory

Abstract

Fiscal accountability is a fundamental pillar of good governance, as it is closely associated with transparency, efficiency, and responsible management of public resources. In the Indonesian context, the Purbaya Effect has emerged as a new analytical construct emphasizing fiscal consistency, prudence, and budgetary discipline, aligning with the principle of orderly public budgeting that requires procedural compliance throughout the budgeting cycle. This study aims to examine fiscal accountability through an integrative framework combining Agency Theory and Stewardship Theory. Agency Theory highlights the role of control mechanisms, incentives, and monitoring to address information asymmetry and moral hazard, whereas Stewardship Theory emphasizes trust, integrity, and the moral commitment of public actors. Using a literature review method, this study synthesizes academic literature, fiscal regulations, and relevant empirical findings to develop a comprehensive conceptual framework of fiscal accountability. The results indicate that the integration of formal control mechanisms and intrinsic, public-value-driven motivation leads to more effective, transparent, and sustainable fiscal governance. The study contributes theoretically by enriching public sector governance literature and practically by offering policy recommendations for balancing regulation, oversight, trust, and bureaucratic ethics in fiscal management.

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