Jurnal Akuntansi dan Keuangan
The Jurnal Akuntansi dan Keuangan (JAK) is a peer-reviewed journal, published biannually in May and November by The Institute of Research and Community Outreach, Petra Christian University, Surabaya, Indonesia. The JAK invites manuscripts in the various topics include, but not limited to, functional areas of accounting and finance, financial accounting and securities market, management accounting, accounting information systems, auditing and taxation.
Articles
62 Documents
<![CDATA[Value Relevance of Accounting Information from PSAK 72 ]]>
<![CDATA[Natatsa Rizqina Mubarika]]>;
<![CDATA[Rr. Sri Handayani]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 1 (2022): MAY 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.1.1-9
<![CDATA[This study examines the value relevance of accounting information after PSAK 72 on the companies that are listed on Indonesia Stock Exchange. Ohlson’s model is used to evaluate the research hypothesis and to estimate the research model using Generalized Least Squares (GLS) regression analysis. The results indicate that applying PSAK 72 has value relevance to accounting information. Stock price significantly correlates with the company’s earnings, but the book value of equity has no value. PSAK 72 requires professional interpretation and judgment, which resulted in the recognition of differences for similar transactions. The complexity of PSAK 72 requires adjustments for the company to reduce profits, and it will react negatively to the users. PSAK 72 will better disclose its contract revenue with customers, but it requires lengthy preparation. To provide better information, IAI (Ikatan Akuntan Indonesia) needs to consider the transition period for the implementation.]]>
<![CDATA[Stock Price Behaviour around the Announcement Date of Cash Dividend on the Indonesia Stock Exchange ]]>
<![CDATA[Mujilan Mujilan]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 1 (2022): MAY 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.1.10-23
<![CDATA[This study aims to explain the stock prices behavior around the announcement date of cash dividends. The study compares the stock prices a week before the cumulative date, cumulative date, record date, a week after the record date, and two weeks after the record date. The stock prices are also compared to the cash dividends nominals in 2017 and cash dividends in 2018. The researcher obtains the research data from LQ45 companies in 2018. The data is tested using the Wilcoxon Signed-Ranks Test. The results show that the date of announcement and recording of dividends do not have an impact on the increase in stock prices, but the result shows a decline in stock prices. The results of this study imply that the announcement of cash dividends does not trigger stock buying action around the announcement date for the companies who distribute cash dividends.]]>
<![CDATA[Business Strategy and Environmental Performance ]]>
<![CDATA[Juniarti Juniarti]]>;
<![CDATA[Camelia Florensia Beoang]]>;
<![CDATA[Meliani Fitri Salim Prayogo]]>;
<![CDATA[Parulian Adinata Samosir]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 23 No. 2 (2021): NOVEMBER 2021 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.23.2.95-104
<![CDATA[Business strategy choices are very influential in a company’s environmental performance. Companies that choose the cost leadership strategy tend to streamline their expenses which leads to them overlooking the environmental cost. Meanwhile, differentiation strategy encourages companies to accommodate environmental costs to fulfill customers’ demands. Therefore, this research aims to examine the impacts of the strategy choices on environmental performance, which has not been focused on by previous researchers. This research’s samples are public companies that are consistently participating in the PROPER program during the 2012-2017 period. 228 company years fulfill the sample criteria. The data are processed using the GRETL application that is fit for processing the panel data. We apply two proxies to measure each strategy choice. Cost leadership is proxied with EPAS and SPPE while differentiation is measured with SGAS and SCGS. This research’s findings are, firstly, companies that choose the cost leadership strategy have lower environmental performances, and, secondly, companies with differentiation strategy have high environmental performances. However, not all proxies used to measure the cost leadership and differentiation strategies support the impacts of strategy choices on environmental responsibilities performance.]]>
<![CDATA[Can Other Comprehensive Income be Used for Tax Avoidance? ]]>
<![CDATA[Marhaendra Kusuma]]>;
<![CDATA[Puji Rahayu]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 2 (2022): NOVEMBER 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.2.68-79
<![CDATA[Other Comprehensive Income (OCI) is the impact of applying fair value accounting, namely the difference between the fair value of assets (liabilities) and their carrying values. Uncertainty about the time and amount of OCI which is a medium for tax avoidance. This study provides empirical evidence whether OCI can be used for tax avoidance, data from 504 companies listed on the IDX for 2016 – 2020. The results show that companies in Indonesia do not carry out earnings management for tax avoidance through OCI, companies in Indonesia consistent in realizing OCI according to the plan for the previous period, there is no time delay or change in the amount of OCI realization. The novelty of this study lies in the effect of OCI on tax avoidance, in addition to previous literature such as the influence of governance, political connections, foreign interests, legal systems, and CSR.]]>
<![CDATA[The Effect of Readability of Annual Reports and Value Relevance of Financial Information on Agency Costs with Analyst Coverage as Moderating Variable ]]>
<![CDATA[Stefan Soesanto]]>;
<![CDATA[Hendra Wijaya]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 1 (2022): MAY 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.1.46-56
<![CDATA[This study aims to determine the effect of readability based on the length of the annual report and the value relevance of the financial information on agency costs. The sample used in this study were 263 firm-year from Kompas100 index. Data were analyzed using multiple linear regression method. The result of this study indicate that the higher the number of pages, words and characters, which reflects the poor readability of the annual report, has a negative effect on the asset turnover ratio, which is an inverse proxy for agency costs. Furthermore, the presence of the analyst coverage variable is able to moderate the positive effect between the number of pages, words and characters in the annual report on the asset turnover ratio. However, no significant effect was found during both test between value relevance to asset turnover ratio and that are moderated by analyst coverage.]]>
<![CDATA[The Impact of Corporate Governance Quality on Principal-Agent and Principal-Principal Conflict in Indonesia ]]>
<![CDATA[Sandra Salim]]>;
<![CDATA[Jessica Lioe]]>;
<![CDATA[Sandy Harianto]]>;
<![CDATA[Yang Elvi Adelina]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 2 (2022): NOVEMBER 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.2.91-105
<![CDATA[This study analyzes the effect of corporate governance (CG) quality on principal-agent (PA) and principal-principal (PP) conflict in Indonesia while also controlling for potential endogeneity through the use of two-stage least squares (2SLS) regression. The results for PA conflict (measured by operating expense ratio and asset utilization ratio) are consistent with the notion that better CG quality leads to a lower level of PA conflict. However, the result for PP conflict is inconclusive. While a higher CG quality is positively related to a higher dividend payout ratio, which indicates a lower PP conflict level, CG quality does not have any significant effect on wedge (difference between cash flow and control right). Moreover, further robustness tests showed that different aspects of CG have different effects on PA and PP conflict. Better CSR has a significant effect on reducing PA and PP conflict. Meanwhile, asset utilization ratio and dividend payout ratio increase due to board efficiency, internal control management, and board remuneration. Furthermore, better internal control management also leads to a lower operating expense ratio, while board remuneration reduces wedge. Interestingly, we find no significant relationship between shareholders' relation and all PA and PP conflict measures.]]>
<![CDATA[Tax Policy and Financial Access: Implications for Entrepreneurial Intention and Entrepreneurial Behavior Among Generation Z ]]>
<![CDATA[Priandhita Sukowidyanti Asmoro]]>;
<![CDATA[Edlyn Khurotul Aini]]>;
<![CDATA[Ferina Nurlaily]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 2 (2022): NOVEMBER 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.2.57-67
<![CDATA[This study develops a framework based on the Theory of Planned Behavior and focuses on perceived behavioral control. The Theory of Planned Behavior is extended in this research by proposing that tax policy and financial access are predictors of Generation Z's entrepreneurial intention and behavior. Based on the researcher's knowledge, tax policy and financial access have never been studied concurrently for their impact on entrepreneurial behavior in Indonesia. The model was tested empirically on 500 entrepreneurial students from four public universities in Indonesia. Questionnaire surveys were administered to respondents identified using the random purposive sampling technique. Primary data were processed according to path analysis procedures using SPSS 25. The Theory of Planned Behavior is supported by the seven hypotheses stated in this study. Tax policies and financial access directly affect entrepreneurial intentions and entrepreneurial behavior. Entrepreneurial intentions can also mediate the impact of tax policy and financial access on entrepreneurial behavior.]]>
<![CDATA[Indonesian Carbon Tax: How Newborn Learn to Jump into The Next Step? ]]>
<![CDATA[Arief Budi Wardana]]>;
<![CDATA[Mila Indriastuti]]>;
<![CDATA[Dhian Adhetiya Safitra]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 1 (2022): MAY 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.1.34-45
<![CDATA[As one of the largest emitting countries globally, Indonesia is a newcomer to carbon tax implementation. However, the carbon tax literature in Indonesian context is still minimal. This study aims to examine the implementation of carbon taxes in various countries, review the roadmap for implementing carbon taxes in Indonesia, and examine various mechanisms in other countries that have previously implemented carbon taxes by conducting literature review. The study results show that several countries have applied a broader carbon tax to several sectors and relatively higher tariffs than Indonesia. The long journey of the carbon tax before finally being scheduled on April 1, 2022, still needs to be improved in term of object, subject, reporting mechanism, and carbon tax rate. The author proposes the transportation sector as a complement to the coal power plant to change consumer behaviour towards products that produce carbon emissions.]]>
<![CDATA[Implementation of Enterprise Risk Management in Medium-Sized Priority Sector Companies in East Java ]]>
<![CDATA[Pwee Leng]]>;
<![CDATA[Basuki Basuki]]>;
<![CDATA[Rahmat Setiawan]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 2 (2022): NOVEMBER 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.2.80-90
<![CDATA[Enterprise Risk Management (ERM) has the benefit of enhancing organizational effectiveness, risk reporting, and improving business performance. The maturity measurement of ERM implementation is crucial in deducing risk management conditions and disparities within the company as means to achieve a more targeted ERM pursuance, one which is beneficial in assessing the company's condition. This study used sixteen criteria of ERM Maturity Models, to measure the maturity level of ERM implementation carried out by medium-sized industrial companies in priority sectors in East Java. Data were obtained from 137 company directors or managers of Medium Industry companies dispersed across 38 districts/cities in East Java among 6 priority sectors. Results showed that 43.5% and 46.6% of companies that experienced sales growth and an increase in net profit, respectively, are companies with optimal implementation of ERM. Meanwhile, 67% of companies that underwent a decline in sales performance and net profit turned out to be companies with weaker ERM implementation levels.]]>
<![CDATA[Women Directors and Firm Profitability: The Role of Corporate Environmental Responsibility Engagement ]]>
<![CDATA[Atika Fairuzi]]>;
<![CDATA[Bambang Tjahjadi]]>
<![CDATA[ Jurnal Akuntansi dan Keuangan Vol. 24 No. 2 (2022): NOVEMBER 2022 ]]>
Publisher : <![CDATA[Institute of Research and Community Outreach - Petra Christian University ]]>
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DOI: 10.9744/jak.24.2.106-116
<![CDATA[Women in the professional world are still experiencing inequality, discrimination, and obstacles in achieving top management positions. The role of women in improving the company's financial performance is still being debated to this day. This study aims to investigate the role of women directors in 129 manufacturing companies in Indonesia from 2015 to 2019. The data obtained were analyzed using structural equation modelling – partial least square (SEM-PLS). This study found that corporate environmental responsibility engagement did not mediate the relationship between women directors and firm profitability. This study found a significant negative relationship between women directors and corporate environmental responsibility but a significant positive influence between corporate environmental responsibility engagement and firm profitability. However, this study found no significant relationship between women directors and profitability.]]>
