Jurnal Akuntansi Kontemporer
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BEHAVIORAL BIASES, FINANCIAL LITERACY AND INVESTMENT DECISION-MAKING
No full textResearch Purposes. This study aims to determine the effects of Self-Control, Overconfidence, Herding, and Mental Accounting on Investment Decisions, with Financial Literacy Serving as a moderating variable.
Research Methods. The data analysis method used multiple linear regression analysis.
Research Results and Findings. The results show that there is a significant effect of self-control and overconfidence on the investment decisions of young investors. Herding has no significant effect on investment decisions due to the tendency of investors to make decisions independently. Mental accounting has no significant effect on investment decisions; good planning in mental accounting does not mean that it will make investors consider every decision taken. The moderating role of financial literacy in self-control, overconfidence, and herding in investment decisions has an insignificant effect. Meanwhile, financial literacy can weaken the negative influence of mental accounting in investment decision-making. The implication of this research is the importance of strengthening self-control and education to control overconfidence in the investment decisions of young investors
THE VALUE RELEVANCE OF UNREALISED EARNINGS
Get PDFResearch Purposes. To test the relevance of unrealized earnings in financial statements, the impact of implementing fair value accounting on IFRS that has been adopted by countries in Southeast Asia.
Research Methods. The object of the study is financial sector companies in Indonesia, Malaysia, Singapore, the Philippines and Thailand, a sample of 156 companies, for the period 2019 – 2022 with observation data of n = 624. Hypothesis testing using multiple linear regression analysis.
Research Results and Findings. Unrealized earnings, although income is ephemeral as a result of adjustment to fair value, have value relevance. However, the degree of value relevance depends on the hierarchy of fair value inputs and the possibility of being realized. Unrealized earnings from level 1 inputs and plans to be realized are more predictive and more reacted to by the market than other types. Testing the effect of unrealized earnings based on the hierarchy of fair value inputs and potential to be realized on cumulative abnormal returns as a reflection of market reaction, and on the Altman Z-Score as a reflection of the predictive power of future performance
INVESTMENT PAYOFFS OF TOP ESG PORTFOLIOS IN THREE-LARGEST ASIA’S COUNTRIES
Get PDFResearch Purposes. The purposes of the study are to evaluate the performance of the top Environment Social and Governance (ESG) portfolios in the three largest economies and most populous countries in Asia: Indonesia, China, and India, and to capture the dynamics and payoffs of socially responsible investing (SRI) in these markets.
Research Methods. The Top ESG portfolios for each country are formed by the 30 firms with the top ESG scores listed on their respective stock exchanges from 2016 to 2022, and their performance is evaluated using the five-factor Capital Asset Pricing Model (CAPM), with a Brown portfolio of firms with no ESG scores from high-sensitive industries serving as a benchmark.
Research Results and Findings. The research results indicate that the Brown portfolio consistently generates abnormal returns in three countries, indicating a high level of risk, while the abnormal returns for the Top ESG portfolio vary: none were found in Indonesia and China, but they are significant in India. The findings imply that high ESG scores provide high legitimacy in the market that could drive the stock price up, and eventually benefiting SRIs through financial rewards
THE SYNERGY OF TAX DIGITALIZATION IN ENHACING TAX COMPLIANCE
No full textResearch Purposes This study examines how digitalization, tax understanding, and technology-based socialization influence MSME taxpayer compliance.The research focuses on MSMEs in Surabaya and Sidoarjo, East Java—regions with the third-largest MSME populations in Indonesia, totaling over 1.2 million businesses. Sidoarjo hosts approximately 206,000 MSMEs, while Surabaya has 65,000. Both regions serve as major industrial hubs in East Java.
Research Method Using a purposive sampling method, data were collected through a structured questionnaire distributed via Google Forms, employing a 5-point Likert scale. This quantitative study aims to analyse whether the increasing level of digitization and technology-driven tax initiatives can sustain MSME taxpayer compliance amid the rapid advancements of the Industrial Revolution 5.0.
Research Results and Findings The study emphasizes the importance of taxpayer education and the effectiveness of digital tax systems in fostering long-term compliance among MSMEs, contributing to the broader discourse on sustainable tax practices in a digital economy
EXAMINING INTERNAL AUDIT PRACTICES AND CHALLENGES IN INDONESIAN COAL MINING SECTOR
Get PDFResearch Purposes. The research aims to evaluate current internal audit practices, identify challenges faced by auditors, and propose strategies to enhance fraud detection and prevention.
Research Methods. The study adopts a qualitative approach, utilizing a case study design to gain an in-depth understanding of internal audit practices at ABC. Data were collected through semi-structured interviews. Thematic analysis was used to identify core themes related to audit practices, challenges, and opportunities for improvement.
Research Results and Findings. The study highlights that ABC’s internal audit practices align with global standards, focusing on high-risk areas like procurement. However, limited resources, outdated technology, and data access issues reduce effectiveness. Expanding audit capacity, upgrading technology, enhancing training, and fostering collaboration are essential to improving fraud prevention and governance in the mining sector. This research contributes to enhancing internal audit practices in high-risk industries like mining, providing actionable recommendations to improve fraud prevention and governance frameworks, ensuring more effective and proactive audit processes
ACCOUNTING PRACTICES IN THE METATAH CEREMONY IN BALINESE COMMUNITY
Get PDFResearch Purposes. This study aims to reveal the application of accounting practices in the Metatah ceremony in Balinese community in Abian Tubuh Baru, Mataram City, West Nusa Tenggara.
Research Methods. This research uses a qualitative method with an ethnographic approach through observation, interviews, and documentation with Balinese people as informants.
Research Results and Findings. The results show that accounting practices in the Metatah ceremony are based on social values such as gratitude, family ties, mutual cooperation, solidarity, and preservation of Balinese culture. Expenditures in this ceremony are flexible, adjusted to individual abilities and family contributions. The financial recording practices applied are still simple, focusing on recording receipts and expenditures, and are based on the daily habits and experiences of the local community. This research shows that accounting in a cultural context has unique and practical characteristics
GREEN ACCOUNTING IN PRACTICE: COMPARATIVE COST ANALYSIS OF MANAGEMENT AT A KUPANG HOSPITAL
No full textResearch Purposes. This study evaluates the comparative costs of using incinerators and third-party services in medical waste management at Hospital X.
Research Methods The research employs a qualitative approach through interviews, observations, and document analysis.
Research Results and Findings The findings reveal that since the incinerator malfunctioned in 2020, Hospital X has lost up to IDR 22.5 billion in revenue over five years and has incurred costs ranging from IDR 359.6 million to IDR 539.4 million for third-party services. Without an operational incinerator, waste management costs have increased, and revenue losses have persisted. Therefore, investment in repairing or procuring an incinerator is recommended to enhance waste management efficiency and ensure the hospital's financial sustainability. The implications of these findings reveal that dependence on third-party waste management leads to substantial cost burdens and long-term revenue loss. A strategic implication is the need for hospitals to reinvest in incinerator facilities to enhance cost efficiency, support sustainable waste policies, and ensure regulatory compliance
DO FINANCIAL AND NON-FINANCIAL FACTORS AFFECT SUSTAINABLE GROWTH RATES?
Get PDFResearch Purposes. This study aims to identify the effect of profitability, leverage, firm size and sustainable report disclosure on sustainable growth rate.
Research Methods. This research is quantitative research with exploratory type, panel data analysis is used to test the hypothesis. This research was conducted on 29 companies engaged in energy, basic materials, and infrastructure listed on the IDX during the 2020-2023 period.
Research Results and Findings. The results of this study indicate that sustainable report disclosure and profitability negatively affect the sustainable growth rate. At the same time, leverage and company size do not affect the sustainable growth rate. Therefore, the results of this study can be used as a basis for decision-making and preparation of financial and operational strategies to support sustainable company growth. In addition, this study provides a new perspective for investors in assessing and selecting companies with high sustainable growth rates as investment options
CEO CHARACTERISTICS AND OPTIMISTIC TONE IN NARRATIVE DISCLOSURE
No full textResearch Purposes. This study examines the effect of CEO characteristics, namely age, gender, financial expertise, and narcissism, on optimistic tone in the board of directors’ reports of companies listed on the Indonesia Stock Exchange (IDX) in 2022.
Research Methods. Using a quantitative approach, this study analyzed data from all companies listed on the IDX with a purposive sampling technique, which resulted in 707 companies as samples and was analyzed using multiple linear regression analysis.
Research Results and Findings. The results show that CEO age has a significant negative effect, while CEO narcissism has a significant positive effect on optimistic tone. Contrary to the initial hypothesis, this study finds that companies with female CEOs have a positive and significant impact on the optimistic tone in the board of directors’ reports. The CEO's financial expertise has a positive effect, but an insignificant correlation. The findings support the upper echelons theory, asserting that CEOs' characteristics influence the strategic communication style in corporate reports. This study contributes to the literature on narrative tone in emerging markets and the relevance of CEO characteristics in narrative report preparation
HOW SOON THE ENVIRONMENTAL PERFORMANCE CAN CREATE FIRM'S VALUE IN ASIA
No full textResearch Purposes. This study aims to investigate the effect of Environmental performance on the financial performance of companies in sectors sensitive to natural issues in Asia, for the current year, the following year, and two years after.
Research Methods. The study employs quantitative methods, utilizing secondary data and regression analyses.
Research Results and Findings. The results of this study indicate that environmental performance has a significant negative impact on financial performance, and the moderating variable of Women on Board does not strengthen the relationship between environmental performance and financial performance. This outcome may be attributed to the costs of improving environmental performance not being commensurate with their impact on financial performance. Furthermore, the influence of women on boards may be limited because there may not be many strategic positions within these companies held by women. The implications of these findings are to provide guidance for corporate decision-making in addressing sustainability issues through corporate financial performance, while still maximizing the financial performance of companies, particularly in Asian firms sensitive to natural resource issues