cover
Contact Name
Heny Kurniawati
Contact Email
christian.harito@binus.edu
Phone
+6221-5345830
Journal Mail Official
jafa@binus.edu
Editorial Address
Jl. Raya Kb. Jeruk No.27, RT.2/RW.9, Kb. Jeruk, Kec. Kb. Jeruk, Kota Jakarta Barat, Daerah Khusus Ibukota Jakarta 11530
Location
Kota adm. jakarta barat,
Dki jakarta
INDONESIA
Journal of Applied Finance & Accounting
ISSN : 19796862     EISSN : 27466019     DOI : 10.21512/jafa.v7i2.6378
Core Subject : Economy,
Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also published. Articles in the journal may examine significant research questions from a broad range of perspectives including economics, sustainability, organizational studies and other theories related to accounting and finance phenomena. JAFA is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments and banking.
Articles 99 Documents
FACTORS INFLUENCING FIXED INCOME MUTUAL FUND PERFORMANCE Triasesiarta Nur; Frederick Valerio Fernandika
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8150

Abstract

A mutual fund is one of the investment instruments currently developing in Indonesia. There are many types of mutual funds, such as money market funds, fixed-income funds, equity funds, and mixed funds. When an investor invests their money in mutual funds, the investor has to be able to pick the best mutual funds based on mutual funds' performance and their risk profile. There are a lot of factors to determine mutual funds' performance. This research aims to analyze the effect of fund age, fund size, expenditure ratio, and past performance on fixed income mutual funds performance starting from 2016 – 2019. The performance of fixed income mutual funds is measured with the Sharpe method. Multiple regression results analyzed data from the research. The research results show that fund age has a negative and significant effect on fixed income mutual funds. Meanwhile, fund size, expenditure ratio, and past performance don’t significantly affect the performance of fixed-income mutual funds. This research provides investors insight into being more selective in choosing mutual fund products, especially fixed income mutual funds. Furthermore, portfolio managers might use this study to assess the performance of the mutual funds they manage. So that the mutual funds they manage might have a higher future performance. The study contributes to a better understanding of the factors to consider when investing in fixed income mutual funds.
THE EFFECT OF CORPORATE GOVERNANCE, CASH FLOW, AND DIVIDEND POLICY ON COMPANY PERFORMANCE WITH FAMILY OWNERSHIP AS MODERATING VARIABLES ON MANUFACTURING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE Alvin Christian; Kartika Dewi
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8161

Abstract

The purpose of this research is to examine the effect of corporate governance, cash flow, and dividend policy on firm performance in manufacturing companies listed on Indonesia Stock Exchange period of 2016 – 2020. This research uses firm age as a control variable and family ownership as a moderating variable. The technique for the quantitative data uses a statistical tool, i.e. Moderated Regression Analysis (MRA). The results shows that cash flow has a positive effect on firm performance. Meanwhile, corporate governance, and dividend policy have no effect on firm performance the implication is the members of corporate governance may come from non-family members or majority are non-family member so the family can not force regulation as well as dividend policy. Then family ownership is able to strengthen the relationship between corporate governance on firm performance since family members can enforce regulations and procedures. However, family ownership is not able to strengthen or weaken the relationship between cash flow, and dividend policy on firm performance because cash flow and dividend policy are based on company’s daily operation.
THE EFFECT OF ENVIRONMENTAL INVESTMENT AND FIRM ENVIRONMENTAL PERFORMANCE ON FIRM VALUE: AN EMPIRICAL STUDY IN INDONESIA Dhiona Ayu Nani; Vera Apri Dina Safitri; Lindrianasari Lindrianasari
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8306

Abstract

This study examines the effect of environmental investment and firm environmental performance on firm value. The method used is a quantitative method with secondary data. This study used panel data from firms' financial statements sensitive to environmental issues. The sample was companies sensitive to environmental issues, such as mining, plantation, and manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2014-2017. The results of this study indicate that investment in the environmental sector and firm environmental performance have a positive but not significant effect on firm value. This result shows that the investment in environmental conservation conducted by companies was effective for improving the firm value but not significant; this is because the investment in the environmental sector companies spend in Indonesia is still minimal. The results of this study also show that environmental performance has a positive but insignificant effect; this is because, based on existing data, not many companies in Indonesia have received gold and green ratings. The implications of this study are (a) the company's efforts in preserving the environment because their business activities are not only beneficial for the surrounding society, but this will improve the firm's environmental performance and sustainability, and (b) investment in the environmental sector is essential for companies to achieve good environmental performance, and (c) for accounting standard setters (IAI) and the Government, more binding rules are needed for companies to disclose the costs of environmental conservation.  
THE INFLUENCE OF LIQUIDITY, PROFITABILITY, SOLVENCY AND STOCK PRICES ON STOCK LIQUIDITY LQ 45 Anita Juwita; Putu Aditya Pratama
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8312

Abstract

This research to determine the effect of liquidity, profitability, solvency and stock prices on stock liquidity of LQ45 for companies listed at the Indonesia Stock Exchange period 2013-2020. The research method uses a quantitative approach and the population were all LQ45 companies listed at the BEI period 2013-2020. The sampling method using non-probability sampling with purposive sampling technique. This study using secondary data of financial statements and analysis technique using panel data regression model Eviews 10. The results showed that liquidity and solvability not affect on stock liquidity of LQ45 companies. Profitability has a positive and significantly effect on stock liquidity of LQ45 companies and stock prices have negative and significantly effect on stock liquidity of LQ45 companies.
THE EFFECT OF BEHAVIOR, TRUST, AND LITERACY ABOUT PEER TO PEER LENDING ON FINANCIAL INCLUSION IN THE JAKARTA COMMUNITY Yen Sun; Helen Angelina
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8340

Abstract

This study aims to analyze the effect of behavior, trust, and literacy about peer to peer lending towards financial inclusion in Jakarta. This research uses SEM (Structural Equation Modeling) research method which is processed using PLS software. The sample used in this study were 150 respondents. The results showed that: (1) Behavior and literacy had a significant effect on financial inclusion. (2) Trust does not significantly effect on financial inclusion. It was concluded that the better public behavior in financial matters supported with the higher public literacy about peer to peer lending services had a positive influence on financial inclusion in Jakarta.
THE EFFECTS OF GLOBAL PANDEMIC ON STOCK LIQUIDITY IN THE NIGERIAN STOCK EXCHANGE Segun Fakunmoju; Charles Jegede; Oluchi Ajuzie
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i1.8394

Abstract

Stock liquidity plays important role in investors’ participation in any nation’s stock market. The global pandemic shock created market illiquidity especially among developing stock market like Nigerian stock market. However, the emergence of global pandemic via COVID-19 pandemic triggered declined market turnover (stock liquidity) which in turn created lack of confidence among stock investors in Nigeria. This study therefore examined the effects of Global pandemic on stock liquidity in the Nigerian stock market using stock turnover and COVID-19 pandemic as measure for stock market liquidity and global pandemic. The study employed expost facto research design using weekly data of both corona-virus pandemic and stock market turnover within the period of March, 2019 to February, 2022. The study employed Exponential GARCH (EGARCH) model and found a considerable negative consequence of Global Pandemic (Covid-19) on stock liquidity, implying that corona-virus pandemic has brought bad information (bad news) which deteriorate the liquidity in the stock exchange market. The study concluded that COVID-19 pandemic shock reduces stock liquidity in Nigerian stock exchange market. The study however recommended that government should put in place more palliative policies such as tax incentive and lowest interest rate on loan to individual and institutional investors which will cushion effect of COVID-19 pandemic and increase investors’ participation in the Nigerian stock market. Also, Nigeria stock market regulators should put in place sound measures that will enhance availability of stock information so as to arouse the interest more and new investors to the Nigerian Stock Market.
Letter of Apology and Notice of Retraction Segun Fakunmoju
Journal of Applied Finance & Accounting Vol. 9 No. 1 (2022): Publish on June 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

DETERMINANTS OF GOOD CORPORATE GOVERNANCE, FIRM SIZE, PROFITABILITY, AND LEVERAGE ON EARNING QUALITY Pariang Siagian; Amalia Lita; Lusianah Lusianah
Journal of Applied Finance & Accounting Vol. 9 No. 2 (2022): Publish on December 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i2.8159

Abstract

Earnings management as a financial statement manipulation is not a new issue in the existing business. Yet, conducting income smoothing is suspected of keeping going in preparing the financial reports in specifying the profit with trickery. This paper wants to examine the determinants of some variables on earnings quality by employing the empirical data obtained from go public manufacturing companies’ periods of 2018 to 2020 in Indonesia. This study uses multiple linear regression to analyze, which is processed in accordance with the research purpose. The results achieved are some of the independent variables, namely Good corporate Governance, Company Size, and Leverage do not affect earnings quality, while Profitability does not significantly affect earning quality. The findings have important implications for company managers, better performance, and policymakers and provide useful information to assist the potential to invest, not only focusing on the profit reported without considering the other factors disclosed in the financial statements.
THE EFFECT OF COMPENSATION SCHEMES, OBEDIENCE PRESSURE, AND SELF-EFFICACY ON BUDGETARY SLACK Dimietry Anastasia; Lodovicus Lasdi
Journal of Applied Finance & Accounting Vol. 9 No. 2 (2022): Publish on December 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i2.8291

Abstract

Budgetary Slack is the most common problem when preparing a budget. Budgetary Slack occurs when there is a difference between the number of best budget estimates and the total budget proposed by subordinates. Several factors can affect budgetary slack, including compensation schemes, obedience pressure, and self-efficacy. This experimental study examines and analyzes the effect of compensation schemes, obedience pressure, and self-efficacy on budgetary slack. This experiment used a 2x2x2 between-subject experimental design; participant data was obtained by filling out a google form. Testing of participant data was used using Levene's test and univariate ANOVA. The conclusion is that budgetary slack is affected by the compensation scheme. Therefore, managers should be aware of the benefits and drawbacks of the pay plan that the firm will implement in advance.
THE EFFECT OF AUDITOR COMPETENCE, PROFESSIONAL SKEPTICISM, RED FLAG, AND INTERNAL CONTROL SYSTEM ON FRAUD DETECTION Kenneth Gunawan; Muhammad Fauzan Riyanal; Bambang Leo Handoko
Journal of Applied Finance & Accounting Vol. 9 No. 2 (2022): Publish on December 2022
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v9i2.8972

Abstract

Today more and more cases of fraud occur. In each of these cases, there is always an auditor's failure to detect fraud. It makes the fraud going on for a long time before being discovered. Based on this, we intend to research the factors influencing fraud detection. This study aims to determine the effect of auditor competence, professional skepticism, red flags, and internal control systems on fraud detection. The data collection technique in this study used primary data by distributing questionnaires to auditors working at the Public Accounting Firm (KAP) in the DKI Jakarta area using a purposive sampling method. The data analysis method uses a partial least square model using the SmartPLS 3.3 software. The results of this study indicate that auditor competence, red flag, and internal control system variables significantly affect fraud detection. In contrast, the professional skepticism variable has no significant effect on fraud detection.

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