The Indonesian Journal of Accounting Research
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How Does Corporate Social Responsibility Disclosure Affect Firm Value: Firm Maturity and Firm Financial Risk Context
No full textCorporate Social Responsibility (CSR) is an activity based on altruistic reasons, but CSR disclosure also requires careful implementation consideration so that CSR disclosure becomes a tool that benefits various parties, both for different stakeholders and for the company. This study aims to examine the level of corporate maturity and corporate financial risk in moderating the relationship between CSR disclosure and firm value. The sample of this research is a non-financial company listed on the Indonesia Stock Exchange. The final sample size is 28 companies consisting of 168 observations from 2014 to 2019. The data in this study were analyzed using multiple linear regression analysis and moderated regression analysis through SPSS version 25. The results show that CSR disclosure reduces firm value in companies in Indonesia. However, the variable maturity of the company can moderate the direction of the influence of CSR on firm value from negative to positive at a significant level. Furthermore, the company's financial risk variable is also able to moderate the direction of the influence of CSR and firm value to be positive and significant. These two moderating variables are empirically important contingency factors for companies in Indonesia. This shows that the influence of CSR and corporate value is not entirely positive or negative, but is influenced by certain conditions that make CSR disclosure beneficial to all parties. This research is expected to provide an overview for company management to carry out CSR implementation through careful consideration decisions starting from planning to evaluation, to produce CSR disclosures that increase corporate value and provide value to outsiders
Examining the Auditors’ Acceptance of Big Data Analytics Technology Platform: Evidence from Government Auditors in Indonesia
No full textThis study examines the determinants of auditors’ acceptance of big data analytics (BDA) technology. Using the responses from 83 government auditors, we test the model built from the Unified Theory of Acceptance and Usage of Technology (UTAUT) theory and trust. The respondents are auditors who attended the BDA technology training session and have access to this technology. We utilize Structural Equation Modeling (SEM) as a data analytic method aided by SmartPLS 3 software. This study finds that three constructs in UTAUT, i.e., effort expectancy, performance expectancy, and facilitating condition, influence auditors' acceptance of BDA technology; meanwhile, one construct in UTAUT, social influence, does not influence auditors' acceptance of BDA technology. The additional construct, trust, also does not influence auditors’ acceptance of BDA technology. This study offers novelty to the literature in the context of BDA technology adoption as a current innovative technology in the auditing field. This study advises government audit agencies to develop technology that is easy to adopt, provides benefits of increased audit quality, and sufficient technical and infrastructure support
The Influences of Company’s Growth, Cash Flow, and Debt Default on the Acceptance of Going Concern Audit Opinions
No full textA going concern audit opinion is a modified assumption given by the auditor for a company that represents material doubts or uncertainties about its ability to continue operations. This study intends to provide empirical evidence regarding the simultaneous and partial effects of company growth, cash flow, and debt default on acceptance of going concern audit opinions in coal subsector companies listed on the Indonesia Stock Exchange in 2016-2020. Sampling was selected using a purposive sampling technique, obtained 18 companies from 90 data that met the criteria. Hypothesis testing was carried out using descriptive analysis and logistic regression. The results showed that company growth, cash flow, and debt default simultaneously affected the acceptance of going-concern audit opinions. Partially, the company's growth does not affect the acceptance of going-concern audit opinions. Conversely, cash flow has a negative effect on receiving going-concern audit opinions, and debt default positively affects receiving going-concern audit opinions. This research is expected to provide further information regarding the factors influencing the receipt of a going concern audit opinion. These factors can be used by company management as evaluation material to avoid receiving a going concern audit opinion by paying more attention to the company's financial performance and soundness, especially cash flow and debt defaults. For investors, the research results can be used as a wiser consideration when investing in companies with poor cash flow and default status
The Effect of Subjectivity in Incentives on the Performance Mediated by Knowledge Sharing Behavior
Full text linkThis study examines the effect of subjectivity in incentives on the performance mediated by knowledge-sharing behavior. This research uses an experimental method by using students of the Faculty of Economics and Business at a state-owned university in Indonesia as the respondents. This study hypothesizes that managers' performance will affect subjectivity in incentives mediated by knowledge-sharing behavior. The results show that managers' performance is higher for the group of managers with subjectivity in incentives than those without incentive subjectivity. There is the role of knowledge-sharing behavior as a mediating variable. The findings of this research expand the research in managerial accounting, particularly on performance, subjectivity in incentives, and knowledge-sharing behavior. This research develops previous studies by incorporating the knowledge-sharing behavior variable as a mediating variable and influencing performance as a dependent variable. This research can help implement appropriate incentive systems for measuring performance and provide evidence on the importance of including knowledge-sharing behavior in reviewing employees’ formal performance, especially in accounting consulting services. In addition, this research will increase the companies’ awareness of building a work climate by incorporating a culture of knowledge sharing
Female Leaders and Earnings Management: An Exploration of Chief Positions
No full textFemale leader affects earnings management and the quality of the financial report. This study wants to investigate the effect of female leaders on real earnings management. We use the nine chief positions with a female presence as a leader. The data were obtained from Indonesia's public listed company on the S&P Global Market Intelligence database from 2012-2020. For real earnings management measures, we used data two years earlier. The data sample selected was 3.420 firm-year observations. The sample was separated into 12 classifications, according to IDX Industrial Classifications. Female leader positions as chief executive, chief accounting, and chief administration negatively affect real earnings management. While female leader positions as chief technology and chief marketing have a positive effect on real earnings management. We find that industrial has a different effect on real earnings management. Many studies are predicting female chief leaders and real earnings management. The most significant finding is female roles as finance managers. However, no research predicts real earning management using female leaders in various chief positions
Investigating the Factors Influencing Tax Compliance in Online Transaction: An Empirical Study on MSMEs
Full text linkThis study aims to analyze the factors that influence personal tax compliance in paying the income tax from online sales of SMSE, namely tax policy, tax knowledge, tax sanctions, and tax incentives. This study adopted the attribution theory and used a quantitative approach employing a survey method by distributing the questionnaires related to paying online sales tax to the individual taxpayers of MSMEs. A total of 159 respondent data across Yogyakarta, Central Java, and Lampung who met the criteria were analyzed and tested using Structural Equation Modeling (SEM) with the help of smartPLS 3.0. The results of this study indicate that tax knowledge and tax sanctions have significant effects on tax compliance, but tax policy has no significant effect on tax compliance. Likewise, tax incentives are not able to moderate the relationships between tax policy, tax knowledge, as well as tax sanctions and tax compliance
Independence, Management Motives and Financial Statement Fraud: Role of Earnings Management
No full textThis study aimed to look at the direct impact of auditor independence and management motivation upon financial statement fraud, with earnings management acting as a moderator. This study relies on secondary data from manufacturing companies registered on the Indonesia Stock Exchange for the period 2013-2018. This study's data were analyzed using partial least squares and the WarpPLS 5.0 program. The outcomes showed that auditor independence and management motivation (financial target and rationalization) have a positive impact on financial statement fraud and earning management. Earnings management can help to mediate the effect of auditor independence and management motivation (financial target and rationalization) with partial mediation. Our research provides new empirical evidence in providing information about factors that are factors in financial statement fraud that are beneficial for companies and stakeholders as well as assessing activities carried out by organizations or companies. Company management can prevent and detect fraud or manipulation of financial statements early, find out the factors that allow fraud to occur, and control areas that may give rise to fraud. This research can be a reference in making various policies regarding the practice of financial statement fraud in an entity
Does SAK Online Enhance The Quality of Financial Reporting?
Full text linkThe study aimed to explore the financial reporting quality of Indonesia's sharia commercial banks before and after applying SAK Online using a paired sample t-test. The qualitative characteristics measurement developed by Nijmegen Center for Economics (NiCE) was adopted to assess the financial reporting quality. The qualitative measurement comprises relevance, timeliness, comparability, faithful representation, and understandability. The finding showed an α=5% significant difference in financial reporting quality before and after applying SAK Online. However, this study was limited to 14 of Indonesia's sharia commercial banks, indicating the results could not be generalized to all industries. Since SAK Online was launched in early May 2019, there has been no study on this subject. Therefore, there is a need for further studies to describe the effectiveness of this application
Islamic Social Reporting Disclosure: The Role of Audit Committee and Institutional Ownership
Full text linkIn Islam, social responsibility is part of worship to create a balance in human social relations. It means that the public has the right to know various information about the activities of companies that have relations with the public. This is a form of corporate responsibility to the community, whether the activities achieve the goals that have been set are following sharia and do not harm the surrounding community. This study aims to determine the effect of the audit committee and institutional ownership on ISR disclosure (ISRD) at 70 annual financial reports of 14 companies on the Jakarta Islamic Index from 2015-2019. All data in this study were processed by multiple linear regression analysis. The results show that the audit committee does not affect the ISRD. At the same time, institutional ownership can improve the ISRD. These results indicate that a company's small number of audit committees does not affect the ISRD. On the contrary, the higher the institutional ownership ratio, the higher ISRD. ISRD becomes a media of communication, a form of commitment, and corporate responsibility in maintaining good relations and trust on an ongoing basis to gain support from stakeholders to realize the company's goals. In addition, the ISRD can also positively impact the company, attracting investors' attention to investing and assisting decision-making for stakeholders and Muslim companies to fulfill their obligations to Allah SWT and society
Business Strategy and Corporate Environmental Performance: Evidence from High Environmental Risk Countries in the Asian Region
No full textAbstract: This study aims to provide empirical evidence of the effect of business strategy on the management and operational performance of the company's environment. This study examines business strategy as a company's fundamental element in corporate decision making and focuses on prospector and defender business strategies as strategies that are at opposite extremes of the continuum. The research sample is non-financial companies listed on the Indonesia, India and China Stock Exchanges. The final sample in this study consisted of 869 company observations and years, with the research period from 2015 to 2019. Data analysis was carried out by panel data regression using STATA 16 tools. We found that the company's business strategy had a significant effect on environmental management performance and performance. operational environment of the company. Overall, prospector and defender business strategies have different tendencies towards the level of environmental management performance and environmental operational performance. Companies with a prospector business strategy, even though they have a lower level of environmental management performance, are able to maintain their environmental externalities well. Meanwhile, a company with a defender business strategy managerially has a strategic planning system that has been stable but tends to limit involvement in environmental activities in real terms with cost considerations. This research can serve as an illustration for regulators to consider proactive environmental policies for companies. Keywords: business strategy, environmental management performance, environmental operational performanc