Accounting Analysis Journal最新文献

Corporate Governance for Mitigating Financial Distress during COVID-19 in Non-Financial Firms on Indonesia Stock Exchange 印度尼西亚证券交易所非金融企业在 COVID-19 期间缓解财务困境的公司治理

Accounting Analysis Journal Pub Date : 2024-08-09 DOI: 10.15294/aaj.v13i1.2124

Naufal Aulia Rohman, Novrys Suhardianto

{"title":"Corporate Governance for Mitigating Financial Distress during COVID-19 in Non-Financial Firms on Indonesia Stock Exchange","authors":"Naufal Aulia Rohman, Novrys Suhardianto","doi":"10.15294/aaj.v13i1.2124","DOIUrl":"https://doi.org/10.15294/aaj.v13i1.2124","url":null,"abstract":"Purpose: This study aims to examine the effect of corporate governance mechanisms on financial distress using the proxies of institutional ownership and independent commissioners during the COVID-19 pandemic from 2020 to 2022.\u0000Method: The research involves a robust sample of 886 companies listed on the Indonesia Stock Exchange, excluding the financial industry. Through the application of logistic regression analysis using SPSS 29, a thorough examination of the data is conducted to unravel the intricate relationship between corporate governance mechanisms and the probability of financial distress.\u0000Findings: The results showed that the corporate governance mechanism proxied by institutional ownership and independent commissioners was proven to reduce the probability of financial distress during the COVID-19 pandemic from 2020 to 2022.\u0000Novelty: As a result, this study successfully presents empirical evidence that supports the need for companies to implement good corporate governance to prevent potential business risks such as financial distress both under normal conditions and during unpredictable crises such as the COVID-19 pandemic.","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"79 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-08-09","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141922443","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Board of Directors and Financial Restatement: Evidence from The Two-Tier System 董事会与财务重述：来自两级系统的证据

Accounting Analysis Journal Pub Date : 2023-11-28 DOI: 10.15294/aaj.v12i2.68995

N. W. Rustiarini, Ni Putu Shinta Dewi, Ni Made Sunarsih

{"title":"Board of Directors and Financial Restatement: Evidence from The Two-Tier System","authors":"N. W. Rustiarini, Ni Putu Shinta Dewi, Ni Made Sunarsih","doi":"10.15294/aaj.v12i2.68995","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.68995","url":null,"abstract":"Purpose : This study investigates the role of the characteristics of the Board of Directors (BoD) on financial restatements. The characteristics are reviewed based on board tenure, board size, board independence, female board, foreign board member, board level education, board accounting expertise, and dual board position. Method : The research sample is a manufacturing company on the Indonesia Stock Exchange for 2017-2021. The analytical tool used is logistic regression. Findings : This study found that five board characteristics negatively affect financial restatements: board tenure, board size, board independence, female board, and board accounting expertise. On the other hand, a dual position has a positive effect on financial restatements. Meanwhile, foreign board and board education do not significantly affect financial restatements. Novelty : First, considering BoD as a decision maker in the company, board characteristics influence group dynamics in collaboration and communication to implement corporate governance. Second, studies that analyze the impact of executive boards on financial statements still need to be expanded, especially in Indonesia, which adheres to a two-tier system. Third, previous studies that examine the role of BoD and financial restatements have provided contradictory evidence, and many studies still need to prove the effectiveness of the BoDs’ characteristics on financial restatements. Keywords : Director; Female; Restatement","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"45 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139215575","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Factors Affecting Capital Expenditure In Districts in West Java Province 影响西爪哇省各县资本支出的因素

Accounting Analysis Journal Pub Date : 2023-11-24 DOI: 10.15294/aaj.v12i2.69149

K. Maula, Kartika Nur Alfiyah, I. Mubarokah, W. R. Adawiyah, Christina Tri Setyorini

{"title":"Factors Affecting Capital Expenditure In Districts in West Java Province","authors":"K. Maula, Kartika Nur Alfiyah, I. Mubarokah, W. R. Adawiyah, Christina Tri Setyorini","doi":"10.15294/aaj.v12i2.69149","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.69149","url":null,"abstract":"Purpose: This study examines and analyzes the effect of Original Local Own Revenue (PAD), General Allocation Fund (DAU), Special Allocation Fund (DAK), Revenue Sharing Funds (DBH), and Excess Budget Financing (SiLPA) on Capital Expenditures. Method: This study employed a quantitative research design. The study's population consisted of all 27 West Java Province Districts, including 9 cities and 18 regencies. With a total sample of 135 district budget realization reports data in the province of West Java, the sample size for this study was determined using a census sampling approach. Findings: The findings show a positive effect of PAD and DAU on Capital Expenditure, indicating that the amount of realized Capital Expenditure depends on the amount of PAD and DAU obtained by Districts in West Java Province. Meanwhile, DAK, DBH, and SiLPA do not affect the realization of Capital Expenditures. This indicates that the realization of capital expenditure is independent of DAK, DBH, and SiLPA. Novelty: First, this study uses a different research paradigm than before. Second, this research utilizes the latest era to vary the independent variables. Third, the problems chosen in this study are regencies and cities in West Java Province, which need attention regarding capital expenditure allocation. Keywords: Capital Expenditures, Original Local Own Revenue, Balance Funds, Excess Budget Financing","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"21 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-24","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139242073","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Influence of Socio-Economic and Psychological Factors on Millennial Generation’s Stock Investment Decisions 社会经济和心理因素对千禧一代股票投资决定的影响

Accounting Analysis Journal Pub Date : 2023-11-21 DOI: 10.15294/aaj.v12i2.67039

N. Ratnadi

{"title":"The Influence of Socio-Economic and Psychological Factors on Millennial Generation’s Stock Investment Decisions","authors":"N. Ratnadi","doi":"10.15294/aaj.v12i2.67039","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.67039","url":null,"abstract":"Purpose : Increasing investment awareness among the public, especially among millen- nials, is crucial for the development of the stock market and overall financial growth. As a significant potential force, millennials can play a vital role in increasing stock investment decisions and fostering economic progress. This study aims to develop an integrated model of the influence of socioeconomic and psychological factors, namely return expectations, self-efficacy, and risk perception, on millennial stock investment decision-making behavior. Method : The research population was millennial stock investors. Non-probability sampling technique was used to obtain 336 respondents. Data were collected through the survey method using a questionnaire. Data were analyzed using the partial least square (PLS) technique. Findings : Based on the analysis, socioeconomic factors influence investment deci- sions, return expectations, self-efficacy, and risk perception. Socioeconomic factors influence investment decisions through return expectations, self-efficacy, and risk per- ception. However, risk perception does not directly affect millennial stock investment decisions. The results of this study can be used as a reference to motivate young people to invest intelligently in the stock market. Novelty : The research was conducted on the millennial generation, who have an im- portant role in stock investment decisions, considering that the millennial generation is the generation that has an important role in increasing stock investment. Keywords : Expected Return; Self Efficacy; Risk Perception; Investment Decision","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"47 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-21","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139253308","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Factors Affecting Accountability Government Institution Performance 影响政府问责机构绩效的因素

Accounting Analysis Journal Pub Date : 2023-11-20 DOI: 10.15294/aaj.v12i2.61983

Arthur Simanjuntak, Septony B. Siahaan, Dumaria Situmorang, Duma Megaria Elisabeth

{"title":"Factors Affecting Accountability Government Institution Performance","authors":"Arthur Simanjuntak, Septony B. Siahaan, Dumaria Situmorang, Duma Megaria Elisabeth","doi":"10.15294/aaj.v12i2.61983","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.61983","url":null,"abstract":"Purpose : The purpose of this empirical study is to investigate the influence of internal control, clarity of budget targets, reporting systems, and performance-based regional budgets on the performance accountability of government agencies within the Regional Financial and Asset Management Agency of the North Sumatra Provincial Government. Method : This study employs a causative contextual research approach. The population for this study consists of 119 individuals. Primary data for this research were collected using an empirical approach, which involved the distribution of questionnaires to respondents. One hundred-five questionnaires were sampled and analyzed through the saturated sampling method. Findings : The results indicate that both simultaneous and partial effects of internal control, clarity of budget targets, reporting systems, and performance-based budgets significantly influence the performance accountability of government agencies within the Regional Financial and Asset Management Agency of the North Sumatra Provincial Government. Novelty : This research distinguishes itself from previous studies by highlighting that the variable with the most substantial impact on the performance accountability of government agencies within the BPKAD of the North Sumatra Provincial Government is a combination of internal control, clarity of budget targets, reporting systems, and performance-based regional budgets, which form an inseparable unit. Keywords : Internal Control; Clarity of Budget Goals, Reporting System; Performance-Based Budget; Performance Accountability of Government Agencies","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"216 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139255316","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Investment, Funding Decisions, Firm Value with Corporate Governance as Variable Moderation in Indonesia Stock Exchange 印尼证券交易所的投资、融资决策、公司价值与公司治理作为调节变量的关系

Accounting Analysis Journal Pub Date : 2023-11-20 DOI: 10.15294/aaj.v12i2.71005

Djuminah Djuminah, Rahmawati Rahmawati, A. Widagdo, S. Hartoko, Setianingtyas Honggowati, Siti Nurlaela, K. Kiswanto

引用次数: 0

Evidence of Financial Ratio Impact on Non-Financial Firm Profitability 财务比率对非金融企业盈利能力影响的证据

Accounting Analysis Journal Pub Date : 2023-11-20 DOI: 10.15294/aaj.v12i2.70466

Muchamad Syafruddin, Clarientina Jane Weinanto, Haryani Haryani

{"title":"Evidence of Financial Ratio Impact on Non-Financial Firm Profitability","authors":"Muchamad Syafruddin, Clarientina Jane Weinanto, Haryani Haryani","doi":"10.15294/aaj.v12i2.70466","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.70466","url":null,"abstract":"Purpose: This study is conducted to determine the factors that affect profitability in Indonesia listed companies by using financial ratios. Four independent variables (liquidity, intangible assets, working capital, and company leverage) were empirically tested to determine their relationships with profitability. Method: The data set covers 100 companies during the period of 2019 – 2021, and a random selection method was used in order to achieve credibility and fairness as much as possible and hypotheses were tested using a pooled ordinary least square regression model Findings: These findings show that firm size, working capital, and firm efficiency have a positive and significant relationship with profitability. In addition, these findings show a negative and significant relationship between liquidity and EPS and debt to equity ratio with ROA and EPS, but show a negative insignificant relationship with ROA. This means that the company suffers from low profitability due to the inefficient use of current assets. Interestingly, leverage shows mixed results, debt to equity ratio shows a negative and significant relationship with ROA and EPS, while leverage ratio shows a positive but insignificant relationship with ROA and EPS. In other words, profitability will increase only up to certain point. Novelty: This study differs than previous studies in number of aspects: First, this study examines the impact of four independent factors and two control variables that some of them are new in the context of research in Indonesia such as intangible assets. Second, previous studies focus on financial industry such as banks, however this study focuses on non-financial industry. Keywords: Financial Ratios; Profitability; Nonfinancial Companies; Indonesia","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"66 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-20","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139258630","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

The Impact of Covid-19 on Intentions to Conduct Online Transactions: The Role of Affective and Cognitive Covid-19 对在线交易意愿的影响：情感和认知的作用

Accounting Analysis Journal Pub Date : 2023-10-05 DOI: 10.15294/aaj.v12i2.67792

Uswatun Khasanah, Ulfatun Nikmah, Agung Dwi Nugroho

{"title":"The Impact of Covid-19 on Intentions to Conduct Online Transactions: The Role of Affective and Cognitive","authors":"Uswatun Khasanah, Ulfatun Nikmah, Agung Dwi Nugroho","doi":"10.15294/aaj.v12i2.67792","DOIUrl":"https://doi.org/10.15294/aaj.v12i2.67792","url":null,"abstract":"Purpose : We investigate the effect of affective and cognitive factors on online transaction intention during the pandemic covid-19 period. Method : We used an internet-based survey through Google form distributed directly to Indonesian respondents with the following criteria: (1) users who have made e-commerce purchases; (2) users who have made transactions on online platforms such as Shopee, Lazada, Instagram, and others. The final sample comprised of 253 respondents, dominated by 185 female users. We employed WarpPLS based on Structural Equation Modelling (SEM) for testing our hypotheses. Findings : We find that cognitive factors, such as perceived ease of use, perceived usefulness, and attitudes towards, have positive effect on online transaction intention. Then, the affective factor, such as perceived enjoyment, positively affects the online transaction intention through cognitive processes, but social norm does not influence the online transaction intention. Novelty : Our study contributes to developing literature on Theory Acceptance Modelling (TAM) by highlighting cognitive and affective factors to explain the effect of the pandemic covid-19 on the intention for the online transaction. Keywords : Affective; Cognitive; Intentions; Technology Acceptance Model","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"62 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-10-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139322995","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Corporate Social Responsibility Disclosure, Intellectual Capital Disclosure, Risk Disclosure, Cost of Capital: Moderating Role of Earnings Management 企业社会责任披露、智力资本披露、风险披露、资本成本:盈余管理的调节作用

Accounting Analysis Journal Pub Date : 2023-09-30 DOI: 10.15294/aaj.v12i1.66185

Irfan Fauzi, Amrie Firmansyah

{"title":"Corporate Social Responsibility Disclosure, Intellectual Capital Disclosure, Risk Disclosure, Cost of Capital: Moderating Role of Earnings Management","authors":"Irfan Fauzi, Amrie Firmansyah","doi":"10.15294/aaj.v12i1.66185","DOIUrl":"https://doi.org/10.15294/aaj.v12i1.66185","url":null,"abstract":"Purpose : This study investigates the effect of corporate social responsibility, intellectual capital disclosure, and risk disclosure on the cost of capital and the roles of earnings management in moderating these effects. Method : This study employs secondary data from annual reports and financial statements of 79 manufacturing companies listed on Indonesia Stock Exchange from 2016 to 2020. Using purposive sampling, the sample obtained in this study is 395 observations. The data were analyzed using multiple linear regression for panel data. Findings : This study finds that corporate social responsibility is negatively associated with cost of capital. Other than that, intellectual capital disclosure and risk disclosure are not associated with cost of capital. Moreover, earnings management failed to moderate the association between corporate social responsibility and the cost of capital. This study also found that earnings management strengthens the negative impact of intellectual capital disclosure on the cost of capital. In contrast, earnings management weakens the negative effect of risk disclosure on the cost of capital Novelty : This study places the moderating role of earnings management on testing the three non-financial disclosures on the cost of capital so that this study can complement the development of financial accounting research related to non-financial information. Keywords : Sustainability Disclosure; Intellectual Capital Disclosure; Risk Disclosure; Earnings Quality; Cost of Capital","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"93 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135040413","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

Do Chief Audit Executives Able to Influence Real Earnings Management Practices? Evidence from Indonesia 审计主管能够影响真实盈余管理实践吗?来自印度尼西亚的证据

Accounting Analysis Journal Pub Date : 2023-09-30 DOI: 10.15294/aaj.v12i1.66585

Taufiq Taufiq

{"title":"Do Chief Audit Executives Able to Influence Real Earnings Management Practices? Evidence from Indonesia","authors":"Taufiq Taufiq","doi":"10.15294/aaj.v12i1.66585","DOIUrl":"https://doi.org/10.15294/aaj.v12i1.66585","url":null,"abstract":"Purpose : This study aims to investigate the relationship between financial expertise and tenure of the Chief Audit Executive [CAE] on real earnings management [REM] practices Method : This study uses a sample of 797 observations from companies in the manufacturing sector in Indonesia during the period 2012 – 2019. For data analysis, regression of feasible generalized least squares was used. Data related to financial expertise and tenure of CAE were manually collected from the annual report and financial data was obtained from Thomson-Reuters Database.  Findings : The results of this study indicate that CAE with better financial expertise is associated with lower REM. Conversely, this study also indicates that CAE tenure has an association with higher REM. This result is robust by using an alternative REM measurement. By breaking down the indicators of CAE’s financial expertise, namely CAE’s certification, experience in financial positions within/inside the company or outside the company, the results show that CAE certification has the largest effect on REM. Novelty : This study contributes to the real earnings management and internal audit literature by demonstrating the importance of attributes possessed by CAEs as leaders of the internal audit function in mitigating REM practices. Keywords : Chief Audit Executive, Financial Expertise, Tenure, Real Earnings Management","PeriodicalId":30836,"journal":{"name":"Accounting Analysis Journal","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135040410","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0