Journal of Accounting and Investment
JAI receives rigorous articles that have not been offered for publication elsewhere. JAI focuses on the issue related to accounting and investments that are relevant for the development of theory and practices of accounting in Indonesia and southeast asia especially. Therefore, JAI accepts the articles from Indonesia authors and other countries. JAI covered various of research approach, namely: quantitative, qualitative and mixed method.
Articles
10 Documents
Search results for
, issue
"Vol 23, No 3: September 2022"
:
10 Documents
clear
<![CDATA[Financial Inclusion and Bank Profitability: Evidence from Indonesia ]]>
<![CDATA[Rakotoarisoa Maminaina Heritiana Sedera]]>;
<![CDATA[Tastaftiyan Risfandy]]>;
<![CDATA[Inas Nurfadia Futri]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (521.746 KB)
|
DOI: 10.18196/jai.v23i3.14721
<![CDATA[Research aims: This study attempts to investigate the effect of financial inclusion on bank profitability in the Indonesian context.Design/Methodology/Approach: The sample of this study consisted of 93 commercial banks in Indonesia between 2015 and 2020. The researchers used panel data regression with a fixed effects approach to investigate the nexus between financial inclusion and bank profitability.Research findings: It was found that financial inclusion positively affected bank profitability in three different dimensions of financial inclusion: access, availability, and usage.Theoretical contribution/Originality: Most of the previous papers have investigated the impact of financial inclusion on the national levels, such as how financial inclusion affects economic growth. Meanwhile, this paper examines the impact of financial inclusion on bank-level profitability, an issue relatively unexplored in the literature, particularly in Indonesia. The use of three dimensions of financial inclusion in the context of a developing economy is also the novelty of this article.Practitioner/Policy implication: The result of this study can also assist policymakers, such as the central bank of Indonesia, in designing better strategies and regulations to achieve higher financial inclusion and boost the economy's development.Research limitation/Implication: The result of this paper might only be applied to Indonesia’s specific setting or developing countries.]]>
<![CDATA[Viability of Risk-return Trade-off within a South African Context ]]>
<![CDATA[Natasha Robbetze]]>;
<![CDATA[Matthys Johannes Swanepoel]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (530.649 KB)
|
DOI: 10.18196/jai.v23i3.15037
<![CDATA[Research aims: This study aimed to determine whether systematic risk and return are related to each other. It answered the research question: Is it realistic for investors to expect high returns when their investments are associated with more riskiness?Design/Methodology/Approach: Quantitative analysis was applied through a correlational research design. Secondary data were collected from the Integrated Real-time Equity System (IRESS). The Statistical Package for Social Sciences (SPSS) was utilised to measure a Pearson correlation coefficient and execute multiple regression analysis. This was done to test for the relationship between financial measurements of systematic risk and return, of sampled entities.Research findings: This research found that measures of systematic risk and return are not necessarily related when empirically analysed for sampled entities.Theoretical contribution/Originality: This paper indicated that the principle of the modern portfolio theory (MPT) should not be accepted as general truth. It should not be assumed that risk and return are linearly related in all financial markets under all economic circumstances. This premise is contrary to general financial management practice, where the MPT is universally accepted and even forms the basis of other financial theories.Research limitation: The use of the IRESS database posed a limitation in terms of sampling, as the database was frequently unable to present a complete set of data needed for statistical testing. Consequently, only 33 companies were sampled, as IRESS only made a complete set of required data available for these entities.]]>
<![CDATA[Determinants of Banking Profitability: The Case of State-Owned Banks Listed on the Indonesia Stock Exchange ]]>
<![CDATA[Imam Muhtadin]]>;
<![CDATA[Faris Rahman Zain]]>;
<![CDATA[Edi Purwanto]]>;
<![CDATA[Tiyas Puji Utami]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (420.831 KB)
|
DOI: 10.18196/jai.v23i3.15246
<![CDATA[Research aims: This study examined the determinants of profitability of state-owned banking companies on the Indonesia Stock Exchange, including Adequacy Ratio (CAR), Operating Costs and Operating Income (OCOI), Loan to Deposit Ratio (LDR), and Non-Performing Loan (NPL).Design/Methodology/Approach: This study is quantitative research with a type of exploratory. The population in this study was all state-owned banks listed on the Indonesia Stock Exchange for the period 2012-2018 and used the saturated sample technique, or the entire population was taken as a sample. The data analysis method employed in this study was a panel data regression model (a combination of time series and cross section) utilizing the EViews 9.Research findings: The results in this study revealed that the CAR and OCOI had a negative effect on bank profitability as proxied by ROA. Meanwhile, LDR and NPL did not affect the profitability of state-owned banks.Theoretical contribution/Originality: The research contributes to the literature and practice. Practically, these results can be used for management to maintain the banking system's internal condition in pursuing profitability.]]>
<![CDATA[Corporate Social Responsibility Motives in Batik Enterprises During the COVID-19 Pandemic: An Exploratory Study ]]>
<![CDATA[Yusef Widya Karsana]]>;
<![CDATA[Francisca Reni Retno Anggraini]]>;
<![CDATA[Fransiscus Asisi Joko Siswanto]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (527.428 KB)
|
DOI: 10.18196/jai.v23i3.13486
<![CDATA[Research aims: The study aims to describe Corporate Social Responsibility (CSR) activities by Micro, Small, and Medium Enterprises (MSMEs) during the pandemic, ascertain the CSR motives, and analyze the relationship between these motives and the characteristics of social and green entrepreneurship.Design/Methodology/Approach: This research was qualitative. Data were collected through Focus Group Discussions (FGD) with the Indonesian Batik Lovers Group (IBLG) Sekar Jagad and in-depth interviews with Batik entrepreneurs. Research findings: Batik entrepreneurs can still survive with the help of IBLG Sekar Jagad, which continued to aid through collaboration with various government agencies. Batik entrepreneurs successfully survived by modifying the employee compensation model. Regarding the prevention of environmental pollution, they still use synthetic materials, but the use has been strictly controlled. In addition, their motive for continuing to carry out CSR activities is Batik preservation.Theoretical contribution/Originality: This research provides an additional discussion on the motivation of MSMEs in CSR activities.Practitioner/Policy implication: This research provides information for the government to increase the awareness of Batik business actors to carry out CSR activities voluntarily. This study result can be used to develop MSMEs mentoring models to support social and green entrepreneurship achievement. Research limitation/Implication: The limitation of the study is that the study only involved three informants from the Batik enterprise actors, so the conclusions are only based on the interviews of these three informants.]]>
<![CDATA[Gap Analysis between Potential and Budgeted Entertainment Tax Revenues in Local Government ]]>
<![CDATA[Krist Setyo Yulianto]]>;
<![CDATA[Irwan Taufiq Ritonga]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (444.119 KB)
|
DOI: 10.18196/jai.v23i3.13845
<![CDATA[Research aims: This study seeks to explain factors causing a significant gap between the potential and budgeted entertainment tax revenues in Wonosobo Regency Government.Design/Methodology/Approach: This study used a qualitative research approach with a case study method. The data were obtained through in-depth interviews and document content analysis.Research findings: This study uncovered that factors causing the gap between potential and budgeted entertainment tax revenues comprised the legislature's waiver to discuss the entertainment tax revenues budget intensively and in detail, executive opportunism behavior, and information asymmetry between the executive and the legislature. This study also found the phenomenon of incremental budgeting in determining the entertainment tax revenues budget.Practical and Theoretical contribution/Originality: This study provides a practical contribution for stakeholders to improve local revenue budgeting policies and offers an academic contribution as a scholarly reference regarding the opportunistic behavior of agents in setting revenue budgets, especially for small-in-size tax, for public organizations.]]>
<![CDATA[“Mutual Assistance” Culture to Maintain Corporate Sustainability ]]>
<![CDATA[Karsam Karsam]]>;
<![CDATA[Erfan Erfiansyah]]>;
<![CDATA[Inugrah Ratia Pratiwi]]>;
<![CDATA[Hendriyana Hendriyana]]>;
<![CDATA[Siti Kodariah]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (442.516 KB)
|
DOI: 10.18196/jai.v23i3.13859
<![CDATA[Research aims: This article aims to demonstrate that corporate sustainability will be more balanced and sustainable if it is based on the philosophy of "mutual assistance (gotong royong) culture." (Mutual assistance synergizes to maintain and improve).Design/Methodology/Approach: The research method used was a qualitative method with a phenomenological approach, i.e., a constructivist or naturalistic approach.Research findings: This study disclosed that corporate sustainability would continue to be maintained with the awareness of every company member to work together to sustain, maintain, and improve performance. The application of the corporate sustainability concept must also be based on the spirit of building, maintaining, and improving all aspects of business activities (without giving up). In addition, the company's synergy with the mutual assistance culture will bring the company's safety to a continuous and lasting one.Theoretical contribution/Originality: Implementing corporate sustainability based on mutual assistance culture will increase the company’s existence and sustainability. In this case, managers can focus on corporate sustainability while still paying attention to the mutual assistance culture of all organization/company members.Practitioner/Policy implication: The mutual assistance culture can be used as a guide/companion for companies in implementing the business sustainability concept.Research limitation/Implication: This article offers the Javanese philosophy concept of mutual assistance culture in maintaining business sustainability.]]>
<![CDATA[COVID-19 Pandemic's Effect on Performance and Acceleration of Performance Recovery: A Study on Manufacturing Industry in Bangladesh ]]>
<![CDATA[Golam Shahria]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (664.495 KB)
|
DOI: 10.18196/jai.v23i3.15542
<![CDATA[Research aims: The primary aim of this study is to examine the effect of the COVID-19 pandemic during and after this pandemic on manufacturing sectors in Bangladesh. In the context mentioned above, some issues are then taken as the specific objectives.Design/Methodology/Approach: The study was conducted on the manufacturing sectors listed under Dhaka Stock Exchange (DSE). The study's target population was 42 manufacturing companies out of 153 listed on Dhaka Stock Exchange (DSE). Four research variables were used to evaluate sample companies' financial performance and financial position. Documentary analysis, descriptive analysis, data normality test, and Wilcoxon Signed–Rank Test were employed to evaluate the hypotheses. The years of annual reports, 2018-2019 to 2020-2021, were utilized for the documentary analysis of sample companies' financial performance and financial position.Research findings: The study's conclusions demonstrated that this pandemic significantly impacted Bangladeshi companies' financial performance (essentially ROA and ROE) at a 5% significance level compared to before the pandemic. In addition, the recovery growth rate of financial performance of sample companies increased optimistically, and the growth of liquidity position of manufacturing companies was also seen in an advantageous position after the COVID-19 pandemic compared to during the COVID-19 pandemic based on Wilcoxon statistical test tool.Theoretical contribution/Originality: The findings of this study can be used as a source of relevant data by investors or future investors for their investment decisions shortly. The findings of this study will also assist the government in determining or preparing the appropriate tax incentive scheme for the impacted industries and whether the correct sector would profit from the tax incentive scheme.Practitioner/Policy implication: Considering that the COVID-19 pandemic has significantly impacted the import process of raw materials for production from China in specific and from other countries generally, the study advised the government of Bangladesh to boost its logistic and financial support for the local facility of raw materials.Research limitation/Implication: More extensive research is projected to be conducted on the recovery growth rate of financial performance in Bangladesh's sub-sector manufacturing industries.]]>
<![CDATA[The Role of Political Connections in the Relationship Between Managerial Ability and Fraudulent Financial Statements ]]>
<![CDATA[Yahya Yeshua Ahmad]]>;
<![CDATA[Bambang Subroto]]>;
<![CDATA[Sari Atmini]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (452.722 KB)
|
DOI: 10.18196/jai.v23i3.14493
<![CDATA[Research aims: This study seeks to prove empirical evidence regarding the effect of managerial ability on fraudulent financial statements.Design/Methodology/Approach: The population of this study was manufacturing firms listed on the Indonesia Stock Exchange in the 2017-2019 period. The data met the criteria of as many as 90 companies with a total of 270 observations. Then, hypothesis testing in this research used moderated regression analysis.Research findings: Study outcomes demonstrated that managerial ability positively impacted fraudulent financial statements. Furthermore, the positive influence of managerial ability on the fraudulent financial statement was weaker when the company was politically connected.Theoretical contribution/Originality: This study provides empirical evidence regarding the heterogeneity of managerial ability and political connections as predictors of fraudulent financial statements.Practitioner/Policy implication: The study result provides a reference for regulators to provide more effective oversight of companies with superior managerial capabilities and is politically connected.Research limitation/Implication: The limitations in this research can be considered to formulate further research related to variable measurement. In addition, no single measurement method can explain various conditions.]]>
<![CDATA[Accountability of Account Administration for Confiscated Fund from Criminal Cases: A Perspective of Institutional Isomorphism ]]>
<![CDATA[Indah Permata Sari]]>;
<![CDATA[M Nur A Birton]]>;
<![CDATA[M Adrian Muluk]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (478.187 KB)
|
DOI: 10.18196/jai.v23i3.15506
<![CDATA[Research aims: This study aims to critically analyze the account administration of confiscated funds from criminal cases at the Public Prosecution Service of the Republic of Indonesia using three-dimensional Isomorphism of DiMaggio Powel’s New Institutional Theory. Design/Methodology/Approach: We employ qualitative approach using three-dimensional Isomorphism of DiMaggio Powel’s New Institutional Theory; coercive pressure, mimetic pressure dan normative pressure. We interviewed 21 informants including officials from Special Crimes and General Crimes Section who are responsible for the account administration of confiscated funds. Also, with auditors from the Supreme Audit Institutions who audited the Public Prosecution Service of the Republic of Indonesia, and the Corruption Eradication Commission officials to get new views on how the conduct the account administration of confiscated funds.Research findings: The results indicate that there is coercive pressure in making regulations for account administration of confiscated funds in the form of repeated findings from the Supreme Audit Institutions and the Minister of Finance Regulation of 182/PMK.05/2017. Mimetic pressure is also indicated with the requirement to imitate succeeded similar organizations. The General Attorney's Office has to clarify organizational structure for the Evidence and Confiscation Management Section at the District Attorney's level and establish competency standards for all officials. This means less professionalism due to the absence of procedure supported by information system, which becomes normative pressure.Theoretical contribution/Originality: This study contributes to the literature on exploring public sector phenomena in the perspective of three-dimensional Isomorphism of New Institutional Theory; as well as explaining changes in policy and organization structure for the account administration of confiscated funds from criminal cases.Practitioner/Policy implication: This study provides input to reform the account administration of confiscated funds from criminal cases to make it more accountable on its policies and organization structure.Research limitation/Implication: This study only explains and evaluates the weaknesses of account administration of confiscated funds. There is the need of aspects reconstruction based on three-dimensional Isomorphism of DiMaggio Powel’s New Institutional Theory in order to be accountable on its policies and organization structure.]]>
<![CDATA[Prediction of Financial Distress in Manufacturing Companies: Evidence from Indonesia ]]>
<![CDATA[Iskandar Bukhori]]>;
<![CDATA[Rita Kusumawati]]>;
<![CDATA[Meilani Meilani]]>
<![CDATA[ Journal of Accounting and Investment Vol 23, No 3: September 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (527.8 KB)
|
DOI: 10.18196/jai.v23i3.15217
<![CDATA[Research aims: This study aims to examine the effect of liquidity ratios, activity ratios, leverage ratios, and sales growth as predictors of financial distress before the bankruptcy stage.Design/Methodology/Approach: The samples of this study included manufacturing companies listed on the Indonesia Stock Exchange (IDX) for the period 2016 to 2019. The samples were selected using the purposive sampling method, and 334 sample companies were obtained. Then, the data analysis employed logistic regression.Research findings: The results revealed that all financial ratios investigated in this study significantly affected financial distress. In addition, while the liquidity ratio, activity ratio, and sales growth had a significant negative effect, the leverage ratio had a significant positive impact on financial distress.Practical and Theoretical contribution/Originality: Currently, most research on bankruptcy has concentrated on bankrupt companies, which are the final phase of the financial distress stage. Meanwhile, the current study attempts to address the gap by researching financial distress prediction before the bankruptcy stage.Practitioner/Policy implications: The results of this study are expected to help stakeholders to take corrective action early to prevent financial distress to the bankruptcy stage.Research limitation: The study only used a negative profit period of two years, at the stage of severe liquidity, and utilized four years of data in one industry sector.]]>
