AFRE Accounting Financial Review
Accounting and Financial Review (AFRe), is a publication of Graduate School Program, University of Merdeka Malang. The journal is an article published continuously which is intended not only as a place to share ideas, study, and analysis but also as an information channel to improve and develop accounting and finance science. This publication consists of scientific writings in the form of research finding, analysis, and application theory, conceptual idea, new book review, bibliography, practical writing from experts, academics, and practitioners. The published writings have been in the process of editing needed by the publisher without changing the substance as the original script. The writing in each publication is the personal responsibility of the author and it does not reflect the publisher’s idea.
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<![CDATA[Effect of Environmental Responsibility on Financial Performance: Organization Slack as Moderation ]]>
<![CDATA[Cahyaningsih, Cahyaningsih]]>;
<![CDATA[Nuralifah, Dieni Maitsa]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.10931
<![CDATA[This study analyze the effect of environmental responsibility on financial performance with organization slack as a moderating variable. This study examines 21 property and real estate sector companies listed on the Indonesia Stock Exchange for the 2019-2021 period. Data analysis used panel data regression with the results of the random effect model. The result shows that environmental responsibility positively affects financial performance. Companies that implement environmental responsibility can avoid conflicts or losses that can disrupt company activities so that financial performance is increasing. The fin-ding presents that organization slack positively affects financial performance. Excess resources can be used to increase investment so that financial performance also increases. Moderation testing proves that organization slack strengthens the positive influence of environmental responsibility on financial performance. Excess resources provide opportunities for companies to invest in the social sector and meet stakeholders' demands and expectations. JEL Classification: G32; Q56; M14; L25 DOI: https://doi.org/10.26905/afr.v7i3.10931]]>
<![CDATA[The Impact of The Covid 19 Pandemic on Audit Quality ]]>
<![CDATA[Matitaputty, Jean Stevany]]>;
<![CDATA[Yefta Andi Kus , Noegroho]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.12827
<![CDATA[This study aims to investigate the impact of audit fees, going concern, audit procedures, human capital, and auditor salaries on audit quality during the Covid-19 pandemic. The population used in the study consists of all public accountants who are members of IAPI. A purposive sampling technique is employed to select the sample, which is surveyed using online questionnaires. Multiple linear regression is used to analyze the research data. The findings of the study indicate that audit fees, going concern, audit procedures, and human capital have a positive impact on audit quality, while auditor salary does not significantly affect audit quality JEL Classification: M42, M41, G02 DOI: https://doi.org/10.26905/afr.v7i3.12827]]>
<![CDATA[The Role of Environmental Disclosure in Mediating Independent Commissioners and Environmental Costs on Profitability ]]>
<![CDATA[anggaretta, dhela septian]]>;
<![CDATA[Anisyah, Siti]]>;
<![CDATA[Pujiati, Amin]]>;
<![CDATA[Prajanti, Sucihatiningsih Dian Wisika]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.12850
<![CDATA[This study aims to determine the effect of the independent board of commissioners and environmental costs on profitability through environmental disclosure either directly or indirectly in construction industry companies listed on the Indonesia Stock Exchange. This research is quantitative descriptive research. The sample de-termination process in this study used a purposive sampling method with a total sample of 20 construction industries during 2021-2022. The results of this study indicate that there is no effect of independent board of commissioners on profitability, there is no effect of environmental costs on profitability, there is no effect of environmental disclosure on profitability, there is an effect of independent board of commissioners on environmental disclosure, there is no effect of environmental costs on environmental disclosure, there is no effect of independent board of com-missioners on profitability through environmental disclosure, and there is no effect of environmental costs on profitability through environmental disclosure. Future research is expected to use other independent variables and company sectors. JEL Classification: G38, M14, Q56 DOI: https://doi.org/10.26905/afr.v7i3.12850]]>
<![CDATA[Green Credit, Corporate Social Responsibility and Company Value: Evidence From Indonesia and China Banks ]]>
<![CDATA[Soares, Ersilda Dos Santos Mota]]>;
<![CDATA[Pangestuti, Irene Rini Demi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13019
<![CDATA[The objective of this study is to investigate the influence of green credit and Corporate Social Responsibility (CSR) on company value, with profitability as a mediating factor, in banks in Indonesia and China from 2019 to 2022. This research uses a purposive sampling method in selecting the sample. The objects in this research are banks in Indonesia and China. Data analysis in this research uses multiple linear regression analysis. The findings reveal that green credit significantly affects profitability, whereas CSR does not. Neither green credit nor CSR directly impacts company value, but profitability as a mediating variable significantly influences company value. Indirectly, green credit through profitability significantly affects company value, while CSR does not. This research provides interesting contributions to stakeholders, related to green credit and sustainability programs. Therefore, this study can offer new insights. Limitations include the study's focus on a limited sample of banks that offer green credit and CSR, the restriction to four years of data without accounting for external factors like the COVID-19 pandemic, and the use of a single analytical tool. JEL Classification: G32; Q56; M14; L25 DOI: https://doi.org/10.26905/afr.v7i3.13019]]>
<![CDATA[The Role of Financial Performance in The Relationship between Ownership on Corporate Value in Environment-Based Companies ]]>
<![CDATA[Maula, Innany Mirrahmatikal]]>;
<![CDATA[Hersugondo, Hersugondo]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13124
<![CDATA[The objective of this research was to examine the impact of Ownership Structure on Corporate value, mediated by Financial performance, among 25 companies listed on the SRI KEHATI Exchange during the period of 2018 to 2022. The data for this study was collected from Bloomberg and official financial reports provided by the Indonesia Stock Exchange (BEI) website. The data analysis in this research was conducted using the Partial Least Squares (PLS) method. The results of the study revealed that the ownership structure, represented by foreign ownership and public ownership, did not exhibit a significant impact on corporate value. Nevertheless, it was noteworthy that foreign ownership demonstrates a statistically significant and positive influence on corporate value by means of the company's financial performance. On the other hand, public ownership exhibited a significant and negative influence on corporate value through the financial performance of the company. This indicated that the financial performance of the company fully mediates the relationship between ownership structure and corporate value. JEL Classification: C51, G32, L25 DOI: https://doi.org/10.26905/afr.v7i3.13124]]>
<![CDATA[The Mediation Role of Earnings Management on the Effect of Disclosure of Corporate Social Responsibility on Financial Performance ]]>
<![CDATA[Isywara, Aristi Prita]]>;
<![CDATA[Prihatiningtias, Yeney Widya]]>;
<![CDATA[Prastiwi, Arum]]>;
<![CDATA[Wahyuni, Nanik]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13174
<![CDATA[This study aims to analyze the effect of corporate social responsibility disclosure on financial performance through earnings management. This study develops agency theory and proves the relationship between CSR, earnings management and financial performance variables. Indicators of corporate social responsibility variables are social, economic, environmental, human rights, as well as employment practices and work convenience. Indicators of financial performance variables are Return on Equity (ROE) and Return on In-vestment (ROI). Earnings management variable indicators use the formula approach from Kothari. The research design uses a causality explanation. The population in this study are all mining companies listed on the Indonesia Stock Exchange (IDX) for 2019-2021. The sampling method used is a census with a total of 50 samples. Data analysis used multiple regression methods. The results of this study indicate that corporate social responsibility has a negative effect on financial performance with ROI indicators and earnings management can mediate the effect of corporate social responsibility on financial performance with ROI indicators. JEL Classification: G32; Q56; M14; L25 DOI: https://doi.org/10.26905/afr.v7i3.13174]]>
<![CDATA[The Mediating Role of Financial Performance in The Relationship Between Competitive Advantage and Corporate Reputation ]]>
<![CDATA[Muchlish, Munawar]]>;
<![CDATA[Abbas, Dirvi Surya]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13324
<![CDATA[This study examines the impact of competitive advantage, company size, and liquidity on corporate reputation and financial performance. The research focuses on non-financial companies listed on the Indonesia Stock Exchange from 2015 to 2021, as these firms serve as key indicators of economic performance due to their high liquidity, large assets, and strong fundamentals. Using regression analysis, the findings reveal that competitive advantage, liquidity, and firm size positively influence corporate reputation and financial performance. Additionally, financial performance acts as a mediating variable in this relationship. This study contributes to the understanding of corporate reputation and financial outcomes, offering insights for business strategy and policy-making. JEL Classification: G32, G02, M1 DOI: https://doi.org/10.26905/afr.v7i3.13324]]>
<![CDATA[Self-Efficacy and Attitude Mediation in the UMEGA Model: Behavior of e-Samsat Users in Bali ]]>
<![CDATA[Yustina, Ni Luh Feby Millennia]]>;
<![CDATA[Roekhudin, Roekhudin]]>;
<![CDATA[Mohamad Khoiru , Rusydi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13550
<![CDATA[The aim of this research is to provide empirical evidence regarding the influence of variables in the UMEGA Theory model on taxpayers' behavior intention in adopting the e-Samsat system and to test the role of attitude variables as mediating variables in the UMEGA model. This research also adds self-efficacy as a predictor of behaviour intention to expand the UMEGA model. Sampling in this study used a non-probability sampling technique using purposive sampling. The sample in this study was 411 respondents who were motor vehicle taxpayers in Bali Province. This research uses quantitative method with primary data through distributing questionnaires. Data processing uses Partial Least Square analysis. The research results show that the variables performance expectancy, effort expectancy, social influence and perceived risk influence attitudes. Attitude and self-efficacy variables were also found to influence the behaviour intention of motor vehicle taxpayers. Attitude was found to mediate the relationship between the influence of performance expectancy, effort expectancy, social influence and perceived risk on behaviour intention. Meanwhile, the facilitating condition variable was not found to be a predictor of taxpayers' behaviour intention in using e-Samsat. JEL Classification: M2, O3 DOI: https://doi.org/10.26905/afr.v7i3.13550.]]>
<![CDATA[Influence of Credit Restructuring on Company Financial Performance: Impact of PSAK 71 Implementation ]]>
<![CDATA[Sholihati, Salsa Nabila]]>;
<![CDATA[Cahyaningsih, Cahyaningsih]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13582
<![CDATA[This study aims to analyze the differences in financial performance influenced by Allowance for Impairment Losses (CKPN), Capital Adequacy, and credit restructuring before and after the implementation of PSAK 71. This research employs a quantitative method with secondary data obtained from the financial statements of banking companies listed on the Indonesia Stock Exchange from 2016 to 2023. The sample consists of 240 observations from 30 banks over eight years, selected thro-ugh purposive sampling. The analysis includes difference tests and panel data regression using E-views 12. The results indicate significant differences in CKPN, capital adequacy, credit restructuring, and financial performance before and after PSAK 71 implementation. These findings suggest that PSAK 71 significantly impacts financial performance and credit restructuring policies. CKPN and credit restructuring negatively affect financial performance, although not significantly, while capital adequacy positively affects financial performance, but not significantly. This study contributes to banking companies in decision-making related to accounting policies and credit restructuring, and provides investors with insights into factors affecting the financial performance of banks. JEL Classification: G21; G28; M41 DOI: https://doi.org/10.26905/afr.v7i3.13582]]>
<![CDATA[The Contribution of Zakat to Sustainable Financial Performance: Evidence from Sharia Compliance Firms ]]>
<![CDATA[Munandar, Agus]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 3 (2024) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i3.13749
<![CDATA[Triple bottom line is mainly the focus of corporations to pursue a high reputation among stakeholders and to achieve high corporate financial performance (CFP). This paper seeks to investigate the correlation between zakat and sustainability of financial performance. This study employs a panel data regression model with Sharia compliant firms in Kuwait, Saudi Arabia, and Malaysia obtained from Thomson Reuters. This study reveals firms with strong zakat payments may not exhibit high levels of financial performance sustainability. This finding supports agency theory, which states that firms should creates financial benefit. Consistent with agency theory, shareholders perceive that zakat payment may not hold the same goals and principles as the shareholders. Thus, this relationship may not demonstrate positive relationship between zakat and sustainability financial. The findings of this paper contribute to Islamic and sustainability literature JEL Classification: G29, G30 DOI: https://doi.org/10.26905/afr.v7i3.13749]]>
