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.
Articles
68 Documents
<![CDATA[The Role of Profitability in Weakening the Effect of Environmental Performance on Environmental Disclosure ]]>
<![CDATA[Cahyaningsih Cahyaningsih]]>;
<![CDATA[Denna Taris Citra Rahadiansyah]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 6 No. 3 (2023) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v6i3.10593
<![CDATA[This research aims to investigate the effect of environmental performance, institutional ownership, and profitability on environmental disclosure, with profitability as a moderating variable. Based on the sample selection criteria, this study analyzed 18 companies from the energy, raw goods, and primary consumer goods sectors listed on the Indonesia Stock Exchange for the 2019-2021 period. The data analysis technique in this study used panel data regression and moderated regression analysis. The results show that environmental performance and institutional ownership positively affect environmental disclosure in contrast to profitability which does not affect environmental disclosure. This research finds that profitability weakens the effect of environmental performance on environmental disclosure. Other results show that profitability cannot moderate the effect of institutional ownership on environmental disclosure. This finding indicates that companies use excess resources to increase investment, not to improve environmental performance and disclosure.DOI: https://doi.org/10.26905/afr.v6i3.10593]]>
<![CDATA[Environmental Accounting Disclosure, Green Process Innovation, and Environmental Management Accounting Improving Economic Performance ]]>
<![CDATA[Cahyaningsih Cahyaningsih]]>;
<![CDATA[Fadilah Usyulia Ihromi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.10840
<![CDATA[This study examines the effect of environmental accounting disclosure, green process innovation, and environmental management accounting on economic performance. This study analyzes 22 basic material sector companies listed on the Indonesia Stock Exchange in 2017-2021. Data were analyzed using panel data regression, with the selected model being the fixed effect model. The result indicates that environmental accounting disclosure, green process innovation, and environmental management accounting positively affect economic performance. Companies that carry out environmental accounting disclosures can reduce the negative impact of the company's operational activities to improve the company's economic performance. Companies that are increasingly innovative in their production processes can save energy and make production costs efficient to improve their economic performance. Companies that can implement environmentally friendly programs mean they can support long-term strategies that have an impact on improving the company's economyDOI: https://doi.org/10.26905/afr.v7i1.10840]]>
<![CDATA[Exploring The Role Political Culter and Government Finance on The Readness of The Adoption of IPSAS ]]>
<![CDATA[Setu Setyawan]]>;
<![CDATA[Lia Candra Inata]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.11313
<![CDATA[We examine the relationship between political culture and government finance on the readiness of the adoption of international public sector accounting standards (IPSAS). The data in this study is all provincial governments in Indonesia in 2016 – 2022 which are used as evidence to analyze the level of readiness for IPSAS adoption. The sample selected for use in this study included 44 provincial governments. The research data were analyzed using multiple regression analysis. The results of research on political culture variables affect the readiness of IPSAS adoption in the Indonesian public sector, while government finance does not affect the readiness of IPSAS adoption. To implement IPSAS Adoption in full. This research is expected to provide consideration for policymakers regarding standard improvements leading to full IPSAS and the possibility of successful implementation. The research on the readiness of IPSAS adoption in Indonesia is an interesting thing to be studied further. DOI: https://doi.org/10.26905/afr.v7i1.11313]]>
<![CDATA[Credit Decision Using Pay Later: The Role of Consumptive Behavior and Financial Literacy with Peer Pressure and Self-Control as Moderators ]]>
<![CDATA[Hansen Hein Rumtutuly]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 6 No. 3 (2023) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v6i3.11488
<![CDATA[Pay Later is an innovation in great demand because of its ease of use by Generation Z compared to a credit card. Generation Z has changed its lifestyle, from loan avoider to loyal user of loan. This study aims to determine whether consumptive behaviour and financial literacy affect credit decisions using pay later and the role of peer pressure and self-control as moderating variables. This study uses quantitative techniques. Data obtained through distributing questionnaires to Generation Z students (students born in 1995-2010 and active users of pay later). By using 94 students selected as respondents by employing a purposive sampling technique, the findings show that consumptive behavior negatively affects the use of pay later. In contrast, financial literacy positively affects the use of pay later. In addition, peer pressure weakens the impact of independent variables on the use of Pay Later, whereas, on the contrary, self-control strengthens the effect of independent variables on the use of Pay Later.DOI: https://doi.org/10.26905/afr.v6i3.11488]]>
<![CDATA[Determinants of Bank Failure in Asian Banks During The Covid-19 Pandemic ]]>
<![CDATA[Fritma Salsabilah Ashofi]]>;
<![CDATA[Abdul Mongid]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.11762
<![CDATA[This research aims to determine the determining factors that led to bank failures in all Asian banks during the Covid-19 pandemic. The variables used to determine the factors of bank failure include Non-Performing Loans, Capital Adequacy Ratio, Equity to Total Assets, Total Assets, and L Assets to bank bankruptcy. This research uses a quantitative research design. The sample used is banking companies in Asia for 2017 - 2022. The data used in this research is secondary data from the financial reports of each Asian bank for the period 2017-2022. The data analysis technique used is panel data regression analysis. This research shows that Non-Performing Loans have a positive and significant effect on bank bankruptcy. Equity to Total Assets has a negative and significant impact on bank bankruptcy.DOI:https://doi.org/10.26905/afr.v7i1.11762]]>
<![CDATA[Can Internal Mechanisms Control Detect Corruption Through Fraudulent Behaviour? ]]>
<![CDATA[Magda Siahaan]]>;
<![CDATA[Theonino David Nauli]]>;
<![CDATA[Bonar Paul Siahaan]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.11893
<![CDATA[This paper aims to find the link between integrated GRC (governance, risk management, and compliance) and internal audit, which is included in internal mechanisms control for detecting corruption and regulatory compliance in its success. This study uses the Partial Least Square method for primary data analysis on 48 public and private companies and hypothesis testing, supplemented by interviews with respondents. This study indicates the significant influence of the integrated GRC on corruption detection and necessary mediation with internal audit, in addition to the importance of regulatory compliance and the need for the regulatory drive for the successful implementation of internal mechanisms control. The limited application of GRC for model alignment, strategic integration, and standardization of GRC terminology shows the depth of context to identify the application of GRC in organizations in their success in detecting corruption. Organizations can assess root causes or weaknesses in existing systems/strategies/ regulations in detecting corruption to eradicate corruption. It is still rare for integrated GRC research to mediate the relationship between internal audit and corruption detection and its relation to regulatory compliance.DOI: https://doi.org/10.26905/afr.v7i1.11893]]>
<![CDATA[Determinants of Fraud Prevention in Surakarta City Government ]]>
<![CDATA[Krisnandya Purna Febiyuantama]]>;
<![CDATA[Evi Maria]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.11902
<![CDATA[This research aims to find empirical evidence of the relationship between the government's internal control system, compliance with accounting rules, and fraud prevention in the Surakarta City government. Primary data was collected using a questionnaire. The total sample for this research was 120 employees of the Finance Department of the Regional Office of Surakarta City, spread across30 Regional Apparatus Organizations. Data were analyzed using multiple regression analysis. The research results found that the government's internal control system and compliance with accounting rules positively affected fraud prevention in the Surakarta City government. Additional testing by adding educational level and background as control variables provides consistent findings that the internal control system and compliance with accounting rules positively affect fraud prevention. In contrast, academic level and background do not affect fraud prevention. These findings confirm that the Surakarta City government's success in suppressing fraud cases in the area is because it has an excellent internal control system and adheres to accounting rulesDOI: https://doi.org/10.26905/afr.v7i1.11902]]>
<![CDATA[Does Holt-Winters Seasonality Fare Better Against Fuzzy Time Series in Forecasting Stock Index? ]]>
<![CDATA[Regi Muzio Ponziani]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.12113
<![CDATA[The purpose of this research is to compare the forecasting performance of Holt-Winter seasonality and Fuzzy Time Series Forecasting-Chen Model and to determine which method performs best. Holt-Winter seasonality was divided into additive and multiplicative Holt-Winters. The forecast object was IDXV30, that was the stock index of 30 lowest valued stocks with good liquidity and performance. The stock index was biweekly stock index beginning from August 2019 until September 2022. The result indicated that Holt-Winters Additive model has the best forecast accuracy, followed by Fuzzy Time Series-Chen Model and Holt-Winters Multiplicative model. The Mean Absolute Percentage Error (MAPE) of Holt-Winters additive model was 2.0982%, while Fuzzy Time Series-Chen model was 3.1471%. The MAPE for Holt-Winters multiplicative model was 10.47425. The implication of the research is that the time series econometrics model, in this case Holt-Winters Seasonality, is still a very powerful model for forecasting stock index in Indonesian Stock Exchange. DOI: https://doi.org/10.26905/afr.v7i1.12113]]>
<![CDATA[Accounting Conservatism in the COVID-19 Period: Evidence from Indonesia’s Conventional Commercial Banks ]]>
<![CDATA[Atik - Isniawati]]>;
<![CDATA[Rahmawati - Rahmawati]]>;
<![CDATA[Ari Kuncara Widagdo]]>;
<![CDATA[Agung Nur Probohudono]]>;
<![CDATA[Jombrik - Jombrik]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.12254
<![CDATA[This study assesses the level of accounting conservatism in terms of the timeliness of loan loss provisions (LLP). We use a sample of Indonesia's conventional commercial banks over 2018Q1–2021Q4. The total sample was 1270 observations over 16 quarters. This study focuses on the impact of the implementation of credit restructuring policies during the COVID-19 pandemic on accounting conservatism in terms of the timeliness of LLP. Our findings of conventional commercial banks are not conservative, meaning that there is a delay in recognition of LLP, as evidenced by the positive and significant influence of ΔNPLt-1 and ΔNPLt on LLP. However, the effect of ΔNPLt+1 on LLP is negative and significant. This result is thought to have happened because, in 2018, banks had begun to change their behaviour towards counter-cycles in accordance with PSAK71. However, the change was disrupted due to the issuance of credit restructuring policies during the COVID-19 pandemic. This study is expected to provide information regarding the effects of credit restructuring policies during the COVID-19 pandemic on banks' conservative behavior.DOI: https://doi.org/10.26905/afr.v7i1.12254 ]]>
<![CDATA[Peran Struktur Modal sebagai Variabel Mediasi pada Pengaruh Corporate Governance dan Karakteristik CEO terhadap Kinerja Perusahaan ]]>
<![CDATA[hersugondo hersugondo]]>;
<![CDATA[Aditya Aliyuna]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol. 7 No. 1 (2024): March 2024 ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v7i1.12422
<![CDATA[This study aims to determine the direct effect between corporate governance (CG) and CEO characteristics on firm performance or through capital structure as a mediating variable. This research uses secondary data which consists of a population listed companies Indonesian Stock Exchange from 2017-2022. Purposive sampling method is used in this research, obtaining 241 data. The data were analyzed using Structural Equation Modeling (SEM). The results show that CG has a positive effect on firm performance, while CEO characteristics have no direct effect on firm performance. CG has a positive impact on capital structure as measured by debt to assets ratio (DAR) and debt to equity ratio (DER), while CEO characteristics such as age and tenure have a negative impact on capital structure. Capital structure has a negative impact on firm performance. Capital structure is also able to mediate the impact of CG on firm performance, although it is an inconsistent form of partial mediation. Capital structure has been shown to fully mediate the effect of CEO characteristics on firm performance.DOI: https://doi.org/10.26905/afr.v7i1.12422]]>
