Journal of Accounting and Finance最新文献

{"title":"An Empirical Analysis of Director Turnover in US Banks During the Financial Crisis","authors":"Wenling Lu, David A. Whidbee","doi":"10.33423/jaf.v24i1.6907","DOIUrl":"https://doi.org/10.33423/jaf.v24i1.6907","url":null,"abstract":"We examine the impact of bank risk-taking and performance on the director labor market outcomes of 3,263 bank directors associated with 279 publicly listed US banks during the financial crisis and subsequently. We find that risk-taking before the financial crisis increases the likelihood of turnover during the financial crisis for bank directors, particularly if the bank does not perform well relative to its peers. Consistent with the evidence for directors of non-financial firms, we find that directors of banks that performed relatively well during the financial crisis were less likely to experience turnover on the bank board. Surprisingly, the directors leaving the board before turning 70 years of age held fewer committee assignments, were less busy, had smaller networks, were less likely to be independent, and with larger banks and boards. Overall, we find evidence of bank performance influencing director turnover during and after the financial crisis.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"34 4","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140710923","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}

{"title":"Measuring Disclosure Content Within the MD&A: The Case of North Carolina Counties","authors":"Steve Modlin","doi":"10.33423/jaf.v24i1.6908","DOIUrl":"https://doi.org/10.33423/jaf.v24i1.6908","url":null,"abstract":"Audit implementation of Government Accounting Standards Board (GASB) 34 guidelines has yielded increased levels of disclosure content within local government comprehensive annual financial reports (CAFRs). Of particular interest is the Management Discussion & Analysis (MD&A) content that provides a prelude to primary statements establishing unit overall financial position. In this study, the level of disclosure content is measured using net position, fund balance, and organizational factors among all 100 North Carolina County governments for fiscal year 2019. The empirical analysis suggests that disclosure content within area of foci changes depending on increased audit fees, state designated tier level, specific departmental spending, and lengthier MD&As. Additional information illuminates a very limited auditor pool and some recalcitrance concerning service provision. Overall, the findings point to audit disclosure practices including the MD&A as being predicated on unit overall needs versus illumination.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"80 8","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140709156","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}

{"title":"Board Interlocks and Company Outcomes: A Managerial Accounting Case","authors":"Lucy U. Diala","doi":"10.33423/jaf.v24i1.6909","DOIUrl":"https://doi.org/10.33423/jaf.v24i1.6909","url":null,"abstract":"Board interlocks are formed between two company boards when these companies share at least one common director, resulting in a reciprocal relationship from which both partners expect to benefit. Such conditions imply that directors in these interlocks will be less likely to provide strict monitoring oversight (Beckman, Haunschild, Phillips, 2004). This case examines the ethical and governance issues arising from board interlocks. The analysis examines further how board interlocks are less likely to provide strict monitoring functions on firm operations and financial reporting. Participants noted that since board interlocks imply that companies co-share members on their boards in a reciprocal relationship from which both partners expect to benefit, such conditions lead to less rigorous monitoring oversight. Participants also noted that board interlocks may create openings for operational practices with adverse firm outcomes, such as ineffective internal controls over financial reporting.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"88 12","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-04-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140709137","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}

{"title":"FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT PENGUNGKAPAN WAJIB LAPORAN KEUANGAN PEMERINTAH DAERAH","authors":"Fani Dwi Febriyanti, Nyimas Wardatul Afiqoh","doi":"10.31942/jafin.v3i1.10852","DOIUrl":"https://doi.org/10.31942/jafin.v3i1.10852","url":null,"abstract":"Tujuan penelitian ini adalah untuk mengetahui dan melihat potensi pengaruh signifikan variabel-variabel seperti kemandirian pemerintah daerah, kekayaan, umur, dan total kekayaan daerah terhadap tingkat pengungkapan yang diwajibkan dalam Laporan Keuangan Pemerintah Daerah. Dalam penelitian ini, metode kuantitatif diadopsi. Purposive sampling digunakan dalam proses pengambilan sampel, dan besar sampelnya terdiri dari 37 kabupaten dan kota di provinsi Jawa Timur. Teknik analisis data menggunakan analisis regresi linier berganda. Hasil penelitian menunjukkan bahwa tingkat keterbukaan laporan keuangan pemerintah daerah dipengaruhi secara positif dan signifikan oleh variabel jumlah aset daerah. Sedangkan variabel independensi pemerintah daerah, kekayaan pemerintah daerah, dan umur pemerintah daerah tidak berpengaruh terhadap tingkat wajib pengungkapan laporan keuangan pemerintah daerah .","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"40 46","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140357798","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}

{"title":"Relevansi Sistem Akuntansi Zakat Pada Pengembangan Berkelanjutan Lembaga Amil Zakat di Indonesia","authors":"M. Fatchurrahman, Abu Lubaba, Asiroch Yulia Agustina, Pipit Larasati, Pungky Lela Saputri","doi":"10.31942/jafin.v3i1.10853","DOIUrl":"https://doi.org/10.31942/jafin.v3i1.10853","url":null,"abstract":"Lembaga amil zakat sebagai sebuah lembaga publik yang mengelola dana masyarakat dalam pengelolaannya harus memiliki sistem akuntansi dan manajemen keuangan, yang baik. Pengelolaan dana zakat di Indonesia saat ini masih dalam tahap pengembangan dan perlu ditingkatkan karena potensi pengembangannya yang sangat besar. Salah satu penyebab kurangnya perkembangan lembaga amil zakat adalah belum adanya inisiatif terhadap sistem zakat dan kerjasama dengan lembaga keuangan yang terintegrasi. Sistem akuntansi zakat saat ini bisa digunakan untuk mengelola secara tepat, efisien, dan efektif atas zakat yang dipercayakan kepada organisasi atau lembaga pengelola zakat. Kualitas pelayanan lembaga yang bertanggung jawab dalam pengumpulan, penatausahaan, dan pendistribusian zakat harus dikembangkan berdasarkan kriteria tertentu agar secara efektif mencapai tujuan mulia keadilan sosial ekonomi melalui pendistribusian kekayaan yang baik sesuai dengan ketentuan lembaga amil zakat.Penelitian ini merupakan penelitian lapangan yang menggunakan pendekatan kualitatif asosiatif, dilakukan untuk menganalisis suatu pembahasan dengan membangun hubungan antar situasi atau wilayah sosial satu sama lain, berdasarkan hubungan timbal balik atau interaktif, dengan teknik yang memungkinkan kita mengidentifikasi isi, struktur dan polaritas sosial. dalam representasi suatu fenomena pembahasan yang akan diteliti. Ketepatan pemahaman (subtilitas intellegend) dan ketepatan penjabaran (subtilitas explicand) dalam studi klerikal menjadi sangat relevan bagi penelitian ini. Maka dari itu dalam penelitian ini terdapat beberapa penafsiran (hermeneutik) yaitu penafsiran sistematis dan penafsiran ekstensif atau penafsiran memperluas serta penafsiran antisipasi dalam menjawab suatu isu hukum dengan mendasarkan pada suatu aturan yang belum berlaku.Program pengembangan berkelanjutan lembaga amil zakat di Indonesia penting untuk mengkaji zakat secara detail dalam konteks kerangka kelembagaan, dan pengelolaan kinerjanya. Hal ini disebabkan adanya mekanisme penegakan zakat untuk meningkatkan pendapatan dan menyalurkan zakat sesuai sasaran. Relevansi sistem akuntansi zakat pada pengembangan berkelanjutan lembaga amil zakat didukung juga dengan adanya informasi yang mudah dipahami dan mudah diakses berupa jumlah dana, jarak waktu, cara pelaksanaan, bentuk, bantuan atau program berkelanjutan. Selain itu juga pentingnya publikasi dan media dan adanya laporan berkala mengenai pendayagunaan sumber daya dalam perkembangan umum proyek yang dapat diakses oleh dan khususnya masyarakat penerima bantuan dan pemangku kepentingan yang lain. Kata Kunci : Relevansi Sistem Akuntansi Zakat, Lembaga Amil Zakat, Pengembangan Berkelanjutan","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"31 32","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140358308","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}

{"title":"PENGARUH CORPORATE GOVERNANCE, LEVERAGE, DAN KUALITAS AUDIT TERHADAP INTEGRITAS LAPORAN KEUANGAN","authors":"Vera Wahyu Isdiyanti, E. Purwanti, Budi Riyanti","doi":"10.31942/jafin.v3i1.10857","DOIUrl":"https://doi.org/10.31942/jafin.v3i1.10857","url":null,"abstract":"Riset ini bertujuan untuk_mengetahui pengaruh corporate_governance, leverage, dan kualitas_ audit terhadap_integritas_laporan_keuangan baik secara_parsial maupun_simultan. Populasi dan sampel adalah perusahaan farmasi yang terdaftar di BEI tahun 2020-2022. Data yang digunakan adalah data sekunder. Tipe penelitian explanatory reaserch, dengan analisis data regresi linier berganda, Uji t, Uji F dan koefisien Determinasi. Hasil riset menunjukkan bahwa corporate governance dan kualitas audit tidak berpengaruh secara signifikan terhadap integritas laporan_keuangan sedangkan leverage berpengaruh signifikan terhadap integritas laporan_keuangan. Hasil riset ini  juga menunjukkan bahwa komisaris independen, leverage , dan kualitas audit berpengaruh secara simultan terhadap integritas laporan_keuangan.Tujuan riset ini adalah untuk mengetahui pengaruh secara parsial dan simultan corporate_governance, leverage, dan kualitas_audit terhadap integritas_laporan_keuangan. Perusahaan farmasi yang terdaftar di BEI pada tahun 2020–2022 merupakan populasi dan sampel. Data sekunder adalah data yang digunakan. Jenis penelitian explanatory meliputi analisis data menggunakan regresi linier berganda, uji_t, uji_F, dan koefisien_determinasi. Temuan riset ini menunjukkan bahwa, berbeda dengan leverage, yang mempunyai dampak besar terhadap integritas laporan_keuangan, corporate_governance dan kualitas audit tidak berpengaruh terhadap integritas laporan_keuangan. Temuan penelitian ini lebih lanjut menunjukkan bahwa integritas laporan_keuangan secara bersamaan dipengaruhi oleh corporate_governance,_leverage, dan kualitas_audit.Kata kunci   :     corporate governance, komisaris independen, leverage, kualitas audit, dan integritas laporan_keuangan.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"10 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140359285","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}

{"title":"Keputusan Investasi Investor Pemula: Peran Literasi Keuangan, Persepsi Resiko Dan Overconfidance Dalam Mempengaruhi Keputusan Investasi Investor Pemula Di Lantai Bursa","authors":"S. Bahri, Deswita Siti Nurul Aeni, Laila Hasna Risqiya","doi":"10.31942/jafin.v3i1.10851","DOIUrl":"https://doi.org/10.31942/jafin.v3i1.10851","url":null,"abstract":"Investor pemula hendaknya mempertimbangkan beberapa faktor sebelum memutuskan berinvestasi saham. Literasi keuangan, persepsi risiko, dan Overconfidence  merupakan beberapa faktor yang menjadi bahan pertimbangan seorang investor pemula sebelum berinvestasi saham. Penelitian ini bertujuan untuk menganalisis pengaruh literasi keuangan, persepsi risiko, dan Overconfidence  terhadap keputusan investasi investor pemula. Penelitian ini menggunakan sampel sebanyak 100 responden investor pemula dengan metode Purposive Sampling dengan kriteria generasi milenial golongan pelajar berusia 18-24 tahun. Penelitian ini menggunakan metode analisis regresi linier berganda untuk menguji pengaruh variabel X terhadap Y. Hasil penelitian ini menunjukkan bahwa variabel literasi keuangan, persepsi risiko, dan Overconfidence  berpengaruh terhadap variabel keputusan investasi.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"17 7","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-03-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140358748","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}

{"title":"Loan Restructuring and Financial Performance of Commercial Banks in Kenya","authors":"","doi":"10.53819/81018102t7003","DOIUrl":"https://doi.org/10.53819/81018102t7003","url":null,"abstract":"","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"110 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140422489","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}

{"title":"Sortino(γ): A Modified Sortino Ratio With Adjusted Threshold","authors":"Yoram Kroll, Andrea Marchioni, Moshe Ben-Horin","doi":"10.33423/jaf.v23i6.6699","DOIUrl":"https://doi.org/10.33423/jaf.v23i6.6699","url":null,"abstract":"A portfolio’s Sortino ratio is strongly affected by the risk-free vs. risky assets mix, except for the case where the threshold, T is equal to the risk-free rate. Therefore, if T differs from the risk-free rate, the portfolio’s Sortino ratio could potentially be increased by merely changing the mix of the risk-free and the risky components. The widely used Sharpe ratio, on the other hand, does not share this caveat.\u0000We introduce a modified Sortino ratio, Sortino(γ), which is invariant concerning the portfolio’s risk-free vs. risky assets mix and eliminates the above deficiency. The selected threshold T(γ), mimics the portfolio composition in the sense that it equals to the risk-free rate plus γ times the portfolio’s equity risk premium. Higher selected γ reflects higher risk/loss aversion. We propose a procedure for optimizing the composition of the risky portion of the portfolio to maximize the Sortino(γ) ratio. In addition, we show that Sortino(γ) is consistent with first and second-order stochastic dominance with riskless asset rules.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"75 6","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-01-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139390618","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}

{"title":"Exploring Book-Tax Differences, Analyst Coverage, and Forecast Optimism: An Empirical Study","authors":"Xiaoli Yuan, Wenguang Lin","doi":"10.33423/jaf.v23i5.6591","DOIUrl":"https://doi.org/10.33423/jaf.v23i5.6591","url":null,"abstract":"This research explores the relationship between book-tax differences (BTD) and the coverage of financial analysts, as well as how these two factors relate to optimistic forecasts. By evaluating how BTD affects analyst coverage, this research expands on earlier studies and finds a negative link. Additionally, it demonstrates that greater BTD indicates a higher probability of earnings manipulation, leading analysts to have a more pessimistic view of their predictions for such organizations. This research contributes to a better understanding of financial markets by shedding light on analyst behavior, financial reporting, and the complex dynamics underlying BTD in determining analyst estimates.","PeriodicalId":505950,"journal":{"name":"Journal of Accounting and Finance","volume":"13 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139180898","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}