Jurnal Riset Akuntansi dan Keuangan
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PwC Involved in Evergrande Financial Scandal: An Ethical Crisis for the Auditing Profession?
Full text linkThis article discusses PricewaterhouseCoopers' (PwC) involvement in the Evergrande financial scandal and its implications for the audit profession. The scandal exposed PwC's failure to detect and report significant financial discrepancies that led to the collapse of Evergrande, one of China's largest property developers with more than 62 million fine and a six-month ban on operating in China. The article also explores how the scandal exacerbated the loss of public trust in the auditing profession, which is perceived as failing to maintain the integrity of financial reporting. This analysis offers important lessons about the need to strengthen ethical rules, auditor independence, and accountability in the audit process. In addition, the research recommends reforms in oversight and corporate governance to prevent similar crises in the future. This article is expected to contribute to efforts to improve audit quality and restore public confidence in the global financial system
Does Board Gender Diversity Moderate ESG, Dividend Policy, and Firm Value Relationships?
Full text linkThe objective from this study is to investigate the relationship from ESG performance and dividend policy on firm value, and the impact of moderating variable that from board gender diversity. The sample comprises 103 manufacturing companies registered on the IDX in both 2021 and 2022. Data were gathered from annual and sustainability reports and analyzed by panel data regression. The research findings show that environmental performance and dividend policy have a positive effect on firm value. Combined ESG, social, and governance performance have no influence on firm value. On the other hand, board gender diversity can negatively moderate the effect of dividend policy on firm value, but it cannot moderate the influence from combined ESG performance on firm value
The Effect of the Implementation of Good Corporate Governance on the Company's Financial Performance During the Covid-19 Pandemic (Case Study on Manufacturing Companies in the Goods and Consumer Sector Listed on the IDX for the 2020-2021 Period)
Full text linkThis study aims to determine the effect of implementing good corporate governance on company financial performance during the Covid-19 pandemic. The sampling technique uses purposive sampling measuring 46 manufacturing companies in the consumer goods industry sector listed on the Indonesia Stock Exchange during the period 2020 to 2021. The analysis technique used is the random effect model (Ordinary Least Squares). The results of the study show that managerial ownership does not affect the company's financial performance, institutional ownership affects the company's financial performance, corporate social responsibility costs affect the company's financial performance and managerial ownership, institutional ownership, and corporate social responsibility costs simultaneously affect the company's financial performance
ESG Performance and Indonesia Stock Return
Full text linkAs the sustainability become imperative, investors started to pay attention on how ESG performance affect the market performance. This study aims to analyze the influence of ESG performance on stock returns and volatility, with Covid-19 stringency posits as moderating variable. This study include all companies listed on the Indonesia Stock Exchange spans from 2020 to 2022, resulting 150 observations. Employing panel regression, this study exhibit that the Social aspect significantly influence stock returns, while environment aspect has a significant effect on stock return. Further, it has also revealed that covid-19 stringency proved to moderating the relationship between Governance and ESG on stock volatility, implying the prominence of government intervention during the pandemic. This finding is expected to be useful for investors who are concerns on ethical and sustainability point of view. By understanding the ESG- market performance nexus, investors are expected to have clearer picture on sustainable stock selections
Electronic Money Growth, Financial Inclusion and National Economic Resilience
Full text linkIndonesia memang telah membuat kemajuan yang signifikan dalam meningkatkan inklusi keuangan digital dalam beberapa tahun terakhir, berkat dukungan dari pemerintah, sektor swasta, dan inovasi teknologi. Memperluas Layanan Keuangan Digital (LKD) untuk mencakup rumah tangga pra sejahtera dan yang tinggal di pedesaan merupakan langkah yang positif untuk meningkatkan inklusi keuangan dan mendukung pengentasan kemiskinan. Penelitian ini bertujuan untuk melihat bagaimana perkembangan keuangan digital dan inklusi keuangan di Indonesia, serta memahami bagaimana kaitannya dengan ketahanan nasional dalam hal kestabilan ekonomi. Metode yang digunakan dalam penelitian ini adalah analisis deskriptif eksploratif mengenai perkembangan uang elektronik di setiap daerah, dengan pendekatan kualitatif menggunakan data sekunder yang diperoleh dari laman Bank Indonesia (BI) dan dari laman Otoritas Jasa Keuangan (OJK) serta sumber-sumber literatur lainnya. Hasil penelitian menunjukkan bahwa LKD melalui uang elektronik memiliki pengaruh positif untuk dapat membantu meningkatkan inklusi keuangan yang pada akhirnya akan memberikan kestabilan pada ekonomi
WHAT ARE THE DIFFERENTIATING FACTORS BETWEEN INVESTOR AND SHAREHOLDER INVESTMENT?
Full text linkThis research aims to find out the factors that are considered when making capital allocation decisions during the abnormal capital market period. whether the investors and the shareholders use the same factors to form an investment allocation. This research uses an exploratory factor analysis model to determine variables that can explain the relationship or correlation between various independent indicators that are observed. Findings, theres five factors that investors consider when allocating their investment, and two factors that are used by shareholders. The single index model is the most important factor for investors to determine capital allocation, and Earnings per shareis for shareholders. Beta stock is important factor for inventors and shareholders when making capital allocation. The greater beta stock provides greater expectations of the risks and return This research is expected to assist investors in determining investment valuation methods by considering five factors in order to achieve the highest rate of return and because shareholders are concerned with the long term and the ultimate goal of increasing the value per share, they should consider the growth of earnings per shares and the value of beta stock
The Readiness of The Young Generation to Invest
Full text linkThis study aims to determine the readiness of young generation to invest by exploring the relationship between financial literacy, risk attitude, and the role of social media in investment decision-making. The research utilized a quantitative approach and involved 207 young generation from Semarang who had either never invested or were previously invested. Data were collected using a questionnaire and analyzed with PLS-SEM. The results show that young generation who have never invested perceive social media as enhancing financial literacy, affecting their risk attitude and investment behavior. In contrast, those with prior experience find social media content irrelevant, their financial literacy directly influences their risk attitude and investment behavior. Demographic factors do not moderate the relationship between social media and financial literacy for either group. The study emphasizes strong financial literacy and better-quality investment content on social media to support informed decisions among youth
The Impact of DER, TATO, CR, & EPS on Stock Prices Alongside DPR as a Mediation Variable (Case Study of the Industrial Sector on the Indonesian Stock Exchange 2020-2022)
Full text linkThis study aims to determine the effect of DER, TATTOO, CR and EPS ratios on stock prices with Dividend Payout Ratio as a mediating variable in consumer goods companies for the 2015-2019 period. The population used in this study is industrial sector companies on the Indonesia Stock Exchange (IDX) for the 2020-2022 period. This type of research is quantitative. Secondary data and purposive sampling are used in data retrieval and sampling techniques with multiple linear analysis. Using SPSS 23. The results of the study were that DER, TATTOO, CR, and EPS had no effect on DPR. DER, TATO, and CR affect share price, while EPS and DPR have no influence on share price.Β The House does not mediate DER, TATTOO, CR, and EPS against the Share Price
IOS, Company Growth, and Profitability to Firm Value Moderated By Dividend Policy
Full text linkThis study aims to quantify how IOS, growth, and profitability affect firm value while taking dividend policy into account as a moderator. Firm value is regarded as a crucial metric that shows how well a business can generate value for its investors. There are 27 samples of financial sector companies that have distributed dividends and are listed on IDX for 2020-2023 periods as samples. Data analysis using panel data linear regression and MRA methods through SPSS version 27 shows IOS correlates positively to firm value, while growth and profitability are not significant. Dividend policy is found to moderate the relationship between firm growth and firm value, but not IOS and profitability. This study will contribute an empirical study in financial literature and have implications for investors, corporate management, and capital market regulators
The Influence of Tax Planning, Leverage, and Managerial Ownership on Earnings Management in Indonesian Financial Sector Companies
Full text linkDalam era perubahan yang cepat, peningkatan laporan keuangan menjadi penting bagi perusahaan untuk menunjukkan kondisi dan kinerja mereka. Pelaporan keuangan menjadi indikator utama bagi investor dan manajer dalam mengelola aset dan laba perusahaan secara stabil. Penelitian ini memfokuskan pada sektor keuangan yang terdaftar di Bursa Efek Indonesia (BEI) dan mengkaji faktor-faktor seperti perencanaan pajak, leverage, dan kepemilikan manajerial sebagai pertimbangan bagi investor dalam pengambilan keputusan investasi. Data dari perusahaan sektor keuangan yang terdaftar di BEI dari tahun 2020 hingga 2022 digunakan untuk menganalisis pengaruh faktor-faktor tersebut terhadap manajemen laba perusahaan. Hasil penelitian menunjukkan bahwa perencanaan pajak dan kepemilikan manajerial memiliki pengaruh yang signifikan terhadap manajemen laba, sementara leverage tidak memiliki pengaruh yang signifikan. Implikasi dari temuan ini adalah pentingnya mempertimbangkan faktor-faktor ini dalam pengambilan keputusan investasi dan manajemen keuangan perusahaan di pasar modal Indonesia