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
446 Documents
<![CDATA[Tax Avoidance, Corporate Governance and Firm Value in The Digital Era ]]>
<![CDATA[Chen Siew Yee]]>;
<![CDATA[Noor Sharoja Sapiei]]>;
<![CDATA[Mazni Abdullah]]>
<![CDATA[ Journal of Accounting and Investment Vol 19, No 2: July 2018 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.190299
<![CDATA[In this study, we examine the link between tax avoidance and firm value and identify the moderating effect of corporate governance in this digital era. Corporate tax avoidance activities have been considered as value-enhancement activities to the companies and better quality of corporate governance would positively related to firm value. This study uses a sample of Malaysian Public Listed Companies (PLCs) which ranked the top 100 companies of good disclosure in the Malaysia-ASEAN corporate governance report 2014. It was conducted using cross-sectional data by observing a final sample of 82 PLCs at one point in time. We provide evidence from Malaysia that corporate tax avoidance behaviour would actually reduce firm value and corporate governance has moderator effect on the relationship of tax avoidance and firm value. This study offers practical insights to the government and policymakers in understanding the tax avoidance behaviour of company and it helps in forming adequate and effective taxation system in Malaysia. We also give constructive apprehension to Malaysian companies to understand the negative consequences of corporate tax avoidance when engaging in tax planning activities aggressively. Most importantly, this study added more evidence to the stream of literature that investigates the role of tax avoidance strategies, as moderated by the level of corporate governance, in determining the firm value in this era of technology.]]>
<![CDATA[Perbandingan Prediksi Financial Distress Menggunakan Model Altman, Grover dan Zmijewski ]]>
<![CDATA[Gunawan, Barbara]]>;
<![CDATA[Pamungkas, Rahadien]]>;
<![CDATA[Susilawati, Desi]]>
<![CDATA[ Journal of Accounting and Investment Vol 18, No 1: January 2017 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.18164
<![CDATA[This research aims to find predictors model of Financial Distress which are the most accurate in predicting the condition of Financial Distress at manufacturing companies. The populations/objects in this research are all of the manufacturing companies that listed on the Indonesia Stock Exchange (known as BEI) in 2014. In this research, the technique of sampling used is Purposive Sampling. The sample of this research totaled 110 manufacturing company. Total data in the research is 110 annual reports. Methods of analysis used were multiple linear regressions using SPSS program 15.00.The results showed that the Model Model Altman, Grover, and Model Zmijewski can be used to predict the condition of Financial Distress. Between these three models, model Zmijewski is the most accurate model to predict the condition of Financial Distress at manufacturing companies.]]>
<![CDATA[Hubungan antara Indikator Mikro dan Makro terhadap Nilai Buku dan Harga Pasar Saham Perusahaan ]]>
<![CDATA[Harahap, Sofyan S]]>;
<![CDATA[Jacob, Renata H]]>
<![CDATA[ Journal of Accounting and Investment Vol 5, No 2: July 2004 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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<![CDATA[This study discusses the differences between Book Value and Market Value of Indonesian Company listed in JSE focuses on banking industry which sample total 11 banks. The date was collected from financial reports of those banks published in the Indonesian Capital Market Directory of 1998-2002. The objective of the study was to test the differences between book value and market value of banks’ shares using Tobin Q-Ratio model. Then, micro aspects are represented by EPS, LDR and ETA and macro aspects are represented by inflation and interest rate were examined how much those variables influence book value and market value. The study found that there was a difference between book value and market value. Average Q-Ratio Indonesian banking industry during 1999-2002 respectively was 1.72, 1.27, 0.92, 1.10 and 1.25. The highest and the lowest Q ratio during 4 years in average was achieved by PT Bank CIC International Tbk 4,14 and PT Bank Pan Indonesia Tbk 0.27 respectively. Then, the correlation between independent and dependent variables using SPSS version 10 has been tested and found that micro aspect only influences 45.8% to book value and 61.7% to market value. EPS has more significant role in influencing book value and market value. Macro aspect has a minimum role in influencing. The limitation of this study is due to limitation of sample, period and ratio tested. Future research could be done in having more sample periods and ratios.]]>
<![CDATA[Whistleblowing Intention, Personal Cost, Organizational Commitment, and Fraud Seriousness Level ]]>
<![CDATA[Mirna Indriani]]>;
<![CDATA[Aida Yulia]]>;
<![CDATA[Nadirsyah Nadirsyah]]>;
<![CDATA[Lisa Pira Ariska]]>
<![CDATA[ Journal of Accounting and Investment Vol 20, No 2: May 2019 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.2002121
<![CDATA[This study aims to investigate whether personal costs, seriousness level of fraud and organizational commitment play a role in influencing whistleblowing intentions. It is also intended to prove whether organizational commitment has a mediating effect on the relationship among personal costs, seriousness level, and whistleblowing intentions. The research subjects comprise of civil servants or contract employees of Government Institutions of Regencies/Cities in Aceh Province, Indonesia. The hypotheses were tested on 103 respondents who were selected using convenience sampling method. The data were collected using survey questionnaires sent via online using Google Form from May to July 2017. The data were analyzed using Structural Equation Modeling-Partial Least Square (SEM-PLS). The results of this study showed that personal costs and seriousness level of fraud influenced whistleblowing intentions. Nevertheless, it appeared that organizational commitment did not influence whistleblowing intentions. This study also proved that organizational commitment did not have a mediating effect on the relationship among personal costs and level of seriousness and whistleblowing intentions.]]>
<![CDATA[The Effect of Ownership Structure and Investor Protection on Firm Value: Analyst Following as Moderating Variable ]]>
<![CDATA[Susilawati, Desi]]>;
<![CDATA[Rakhman, Fuad]]>
<![CDATA[ Journal of Accounting and Investment Vol 19, No 1: January 2018 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.190192
<![CDATA[The research related to the association between structure ownership and the firm value is a discussion about corporate governance which is still has contradictory conclusion and mixed result. It indicates open question that needs empirical evidence. The influence of concentrated ownership on firm value still brought conflict of interest so the role of analyst following can be stated as an alternative of corporate governance mechanism (Lang et al., 2004). The objectives of this research are to examine the interaction effect between concentrated ownership and analyst following, and the effect of investor protection toward firm value in five Asian companies. Asia is chosen because it has unique characteristic, in term of corporates ownership structure which is more concentrated on families and board of governance is weak (Choi, 2003). The data is consisting of 7.100 firm year observations obtained from Bloomberg and OSIRIS database for the period 2011-2013 in five Asian Countries, i.e. China, South Korea, Malaysia, Taiwan, and Thailand. Multiple Regression analysis is used to test hypotheses. The results show that concentrated ownership is positively affects the firm value. However, there is no empirical evidence that the interaction of concentrated ownership and analyst following positively affect the firm value. As hypothesized, this research also shows that investor protection has negative impact on firm’s value.]]>
<![CDATA[Analisis Faktor-faktor yang Mempengaruhi Stock Split dan Pengaruhnya terhadap Nilai Perusahaan ]]>
<![CDATA[Widiastuti, Harjanti]]>;
<![CDATA[Usmara, Usmara]]>
<![CDATA[ Journal of Accounting and Investment Vol 6, No 2: July 2005 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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<![CDATA[This study aimed to get empirical evidence about the factors that affect stock split and its influence on the value of companies listed on the Jakarta Stock Exchange. Factors influencing stock split in this study consisted of the Price to Earning Ratio (PER), Price to Book Value (PBV), and the bid-ask spread. Sample consisted of 30 non-financial companies that do stock split and 30 non-financial companies that do not do a stock split in 2000-2001. Based on the analysis in the previous chapter can be concluded first, the results of statistical tests to logit regression analysis showed that the level of expensiveness stock prices as measured by PBV significant positive effect on the company's decision to conduct a stock split. However, this study failed to show that the level of expensiveness stock prices as measured by PER is a variable that significant positive effect on the company's decision to conduct a stock split.]]>
<![CDATA[Highlighting Earnings Management from Islam Perspective ]]>
<![CDATA[Rediyanto Putra]]>;
<![CDATA[Inneke Putri Widyani]]>
<![CDATA[ Journal of Accounting and Investment Vol 20, No 3: September 2019 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.2003127
<![CDATA[This study aims to assess the behaviour of earnings management from an Islamic perspective. The form of this research is descriptive qualitative research using Islamic paradigm to make ethical judgments of earnings management actions. The analytical method used in this study is divided into two, namely descriptive and content analysis. This study concludes that basically the existing earnings management in conventional accounting is not in accordance with Islamic values. Earnings management is an act of dhazalim, contrary to the value of honesty (siddiq), contrary to itsar value, and contrary to kosher (halal thayyiban). This study also concluded that managers can create good performance with expected profit pattern based on professionalism value in accordance with Islamic shariah (akhlakul karimah) in order to be in accordance with Islamic sharia principles.]]>
<![CDATA[PENGARUH KUALITAS AUDIT, OPINION SHOPPING, DEBTDEFAULT PERTUMBUHAN PERUSAHAAN DAN KONDISI KEUANGAN PERUSAHAAN TERHADAP PENERIMAAN OPINI AUDITGOING CONCERN ]]>
<![CDATA[Istiana, Siti]]>
<![CDATA[ Journal of Accounting and Investment Vol 11, No 1: January 2010 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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<![CDATA[This research have a purpose to test the effect of Audit Quality, opinion shopping, debt default, company growth and company financial condition to going concern audit opinion acceptance. The sample which used in this research is Manufacture Company which registered in Indonesia Stock Exchange use of 2006-2008. The sample was taken with purposive sampling method and the result 53 companies were match and fulfill the sample criteria. Hypotheses testing was done whit logistic regression test tool from SPSS application program. The research result show that audit quality does not effect to the possibility of going concern audit opinion acceptance, opinion shopping does not effect to the possibility of going concern audit opinion acceptance, debt default have effect to the possibility of going concern audit opinion acceptance, company growth does not effect to the possibility of going concern audit opinion acceptance, and company financial condition have effect to the possibility of going concern audit opinion acceptance.]]>
<![CDATA[Pengaruh Non Performing Loan Sebagai Dampak Krisis Keuangan Global terhadap Profitabilitas Perusahaan Perbankan ]]>
<![CDATA[Sari, Tia Melya]]>;
<![CDATA[Syam, Dhaniel]]>;
<![CDATA[Ulum, Ihyaul]]>
<![CDATA[ Journal of Accounting and Investment Vol 13, No 2: July 2012 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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<![CDATA[The research purpose is to examine the effect of non-performing loans (NPL) in the global financial crisis on the corporate profitability of banks (listed on the Stock Exchange in 2003-2010). Independent variable in this research is Non Performing Loan (NPL) and the dependent variable is probability by return on asset.Sampling technique is used non-probability purposive sampling, so to be concluded the samples used 15 banks. The method of the research is quantitative and description data non performing loan and probability (return on asset) bank listing on the Stock Exchange 2003-2010 period. Which are then analyzed by employing statistical analysis, such as simple linier regression, correlation analysis, determination coefficient analysis, and t-test. The data is calculated by SPSS 16 for windows. Based on the research result, there is not influence between non performing loan to probability (return on asset). The two variables show a very weak correlation at 0,142 with negative correlation value. This mean if non performing loan is increasing, profitability (return on asset) is decreasing and vice versa. The determination coefficient is 2% and the rest 98% which is influence by other factors. While in the hypothesis examination using t test, t calculation is -1,563 and t table 1,658. As such H0 is accepted. So in conclusion, non performing loan does not significantly affect the level of profitability (ROA) company. Because the intermediary function of banks is not running properly.]]>
<![CDATA[The Role of Budgetary Participation and Environmental Uncertainty in Influencing Managerial Performance of Village Government ]]>
<![CDATA[Hafiez Sofyani]]>;
<![CDATA[Muhamad Fandi Indra Santo Simali]]>;
<![CDATA[Taufik Najda]]>;
<![CDATA[Mohammed Saleh Al-Maghrebi]]>
<![CDATA[ Journal of Accounting and Investment Vol 21, No 2: May 2020 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.2102148
<![CDATA[Research aims: This study aims to examine the influence of budgetary participation and environmental uncertainty on the managerial performance of the village government. In addition, it examines the budgetary participation as an intervening variable.Design/Methodology/Approach: The research was conducted using a survey method by distributing questionnaires to village governments in Bantul Regency, Indonesia. Totally, 118 completed questionnaires were returned. Data analysis was carried out using a partial least squares (PLS) approach.Research findings: The results revealed that budgetary participation and environmental uncertainty significantly influenced managerial performance. Besides, environmental uncertainty was found as a determinant of budgetary participation implementation. This study confirmed that budgetary participation had an intervening role in the environmental uncertainty-managerial performance relationship.Theoretical contribution/ Originality: This research pioneered the testing of budgetary participation as the intervening variable in the context of a village government study.Practitioner/Policy implication: Referring to the results, the village government needs to appreciate the practice of budgetary participation to encourage managerial performance, especially to convert the negative impact of environmental uncertainty to be a chance to achieve better performance.Research limitation/Implication: This research was only undertaken in the scope of Bantul regency. Therefore, the generalization ability of this study is limited.]]>
