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
138 Documents
<![CDATA[Pengujian Fraud Pentagon dalam Mendeteksi Kecurangan Laporan Keuangan ]]>
<![CDATA[Adhika Raharja Putra]]>;
<![CDATA[Yefta Andi Kusnoegroho]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6269
<![CDATA[A good financial report produced by the company is a reflection of the actual condition of the company and there are no errors. However, management performance is sometimes not as good as expected, so that financial statement fraud can occur for the sake of a good company image. This study is a quantitative study that aims to examine the effect of the pentagon fraud as proxied by eight consisting of three variables from the pressure element (financial target, financial stability, external pressure), two variables from the opportunity element (ineffective monitoring, external auditor quality), one the variable from the element of rationalization (change in auditor), one variable from the element of competence (change in director) and one variable from the element of arrogance (frequent number of CEO's picture) on the existence of fraudulent acts of financial statements. This study uses secondary data with purposive sampling, there are 16 consumer goods industrial sector companies listed on the Indonesia Stock Exchange in 2017-2020. The results of this study prove that the variables of pressure and arrogance have a positive influence on the existence of fraudulent acts of financial statementsl]]>
<![CDATA[Impact of Macroeconomic Variables on Stock Return Volatility: Evidence from Sub-Sahara Africa ]]>
<![CDATA[Peter Ali]]>;
<![CDATA[Samuel M Nzotta]]>;
<![CDATA[A. B. C Akujuob]]>;
<![CDATA[Chilaka E Nwaimo]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 1, No 2 (2018): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v1i2.4377
<![CDATA[The main purpose of this paper was to investigate the impact of macroeconomic variables on stock market return volatility in Sub-Sahara markets. The study concentrated on three stock markets including Ghana, Nigeria and South Africa using GARCH-X (1,1) model on monthly data from January 2000 to December 2017. Preliminary analyses from descriptive statistics show that mean monthly returns are positive for all the stock markets. Skewness coefficients show that the stock returns and interest rates distribution of all Sub-Sahara Africa stock markets are negatively skewed but inflation rate is positively skewed for Nigeria and South Africa, and flat for Ghana. Excess kurtoses are positive for all the stock markets and macroeconomic indicators, and Jarque-Bera statistics indicate the stock markets’ series and macroeconomic indicators are not normally distributed. The Unit roots tests results indicate that all the stock markets and macroeconomic indicators are first difference stationary. The results of the GARCH-X (1,1) model show that macroeconomic variables do not significantly impact stock market returns volatility in Nigeria, Ghana and South Africa at the 5% significance Level. We therefore recommend that stock market regulators, market participants and investors should concentrate more efforts on other macroeconomic variables aside interest rate and inflation rate, in estimating stock market return volatility in Sub-Sahara Africa]]>
<![CDATA[Good Corporate Governance dan Kinerja BUMN dengan Penghindaran Pajak sebagai Pemoderasi ]]>
<![CDATA[Handy Deo Setiadi]]>;
<![CDATA[Supatmi Supatmi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6689
<![CDATA[Privatization is one of the Government's efforts to obtain additional capital with one of This study aims to analyze the impact of GCG on company performance with tax avoidance as a moderation variable. The GCG indicators in this research are independent board of commissioners, institutional ownership, audit quality, and proportion of the number of audit committeeswhile company performance is proxied by return on assets. The sample in this research was 13 state-owned companies listed on the Indonesia Stock Exchange for 2016 to 2020. This research used cross-section weights methods for the hypothesis testing. The results of this research show that the audit quality and the proportion of the audit committee have a positive effect on the company's performance,while independent commissioners and institutional ownership have no effect on company performance. This study also finds that tax avoidance is proven only as a moderator by strengthening the positive influence of GCG as measured by institutional ownership on company performance.https://doi.org/10.26905/afr.v4i2.6689]]>
<![CDATA[Risk Management Practices and Financial Performance: The Case of Banks in Sultanate of Oman ]]>
<![CDATA[Essia Ries Ahmed]]>;
<![CDATA[Shima Hamdan AL Mamar]]>;
<![CDATA[Ahad Said AL Ghassani]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6312
<![CDATA[The main objective of this project is to define the relationship between risk management practices and a bank's financial performance. This is a quantitative study, where the quantitative data was collected via secondary data. Data collection from the annual reports of banks in Muscat Securities Market (MSM).The Sample size of 8 banks. In this research, data collected is analyzed using Structural Equation Modelling (SEM) with Partial Least Square PLS Software. The findings revealed that risk management is positively meaningful while avoiding risk.The findings pointed that the risk management has significant with a ROA. This result indicates that management has a significant influence on banks performance (ROA). As well as, the findings found that the risk management insignificant with a (ROE) ]]>
<![CDATA[Kualitas Audit sebagai Pemediasi Ukuran Perusahaan, Ukuran Dewan Komisaris, dan Jenis Kelamin CEO terhadap Fee Audit ]]>
<![CDATA[Destiur Krisnasari Simatupang]]>;
<![CDATA[Tubagus Ismail]]>;
<![CDATA[Muhamad Taqi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6511
<![CDATA[This study aims to examine the effect of firm size, board of commissioners size, and CEO gender on external auditor fees with audit quality as a mediating variable in banking companies. This study uses secondary data from the annual reports of all banking companies. The sample of this study consisted of 15 banking companies listed on the Indonesia Stock Exchange in 2014-2019 using the purposive sampling method as the research method and using multiple linear regression analysis models and Sobel tests. The results show that the size of the company and the size of the board of commissioners and audit quality partially have a significant effect on external audit fees, and company size on audit fees with audit quality as a mediating variable. While the gender of the CEO has no effect on external audit fees, company size, the size of the board of commissioners, and the gender of the CEO have no effect on audit quality, as well as the size of the board of commissioners, the gender of the CEO has no effect on audit fees with audit quality. as a mediating variable.DOI: https://doi.org/10.26905/afr.v4i2.6511]]>
<![CDATA[CSR Disclosure towards Return On Assets: Study from Indonesia Banking Companies ]]>
<![CDATA[Satya Kustamaputra Wicaksono]]>;
<![CDATA[Astrie Krisnawati]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6383
<![CDATA[Corporate Social Responsibility is a concept of how an organization have the responsibility toward their stakeholders, including their employees, consumers, shareholders, social, and the environment. This study investigates the influence of Corporate Social Responsibility Disclosure towards Return On Assets of banking firms registered in the Indonesia Stock Exchange from 2017-2020. Based on the purposive sampling carried out by the researchers, there are 9 banking companies being observed in the study. The data is analysed using the Data Panel Regression Analysis. The result reveals a significance and negative influence of Corporate Social Responsibility Disclosure towards Return On Assets. These findings can assist banking companies to disclosure their CSR actions in the future, because not only it will fulfil the regulation established by the government, but also create positive image of the companies in the public’s perception.]]>
<![CDATA[Efek Keputusan Pendanaan terhadap Nilai Perusahaan: GCG sebagai Variabel Moderasi ]]>
<![CDATA[Lorensia Fidelia Charita]]>;
<![CDATA[Apriani Dorkas Rambu Atahau]]>;
<![CDATA[Samuel Martono]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6137
<![CDATA[This study aims to examine the effect of funding decisions on firm value with Good Corporate Governance as a moderating variable. This study uses a sample of manufacturing companies listed on the Indonesia Stock Exchange (IDX). Using purposive sampling method with a total sample of 160 companiesduring 2016-2019 periods, the data were analyzed with panel data regression. The findings shows that the funding decision negatively affect the firm value, while GCG failed to moderate the effect of funding decision on firmvalue. It implies that firms need to optimize their level of debt to boost the value of the firms.Investors see that the company has not been able to manage debt to improve the firm's performance properly. So that an increase in debt will tend to reduce the value of the firms.DOI: https://doi.org/10.26905/afr.v4i2.6137]]>
<![CDATA[Volatilitas Harga Emas dan Minyak pada Integrasi Pasar Modal Indonesia dengan Pasar Modal Asia ]]>
<![CDATA[Sintikhe Mega Treisya]]>;
<![CDATA[Robiyanto Robiyanto]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021): December ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6291
<![CDATA[Capital market integration can be influenced by various variables, such as the volatility of gold and oil prices. The purpose of this study is to analyze the volatility of gold and oil prices on the integration of the Indonesian capital market with the Asian capital market. This study uses secondary data on daily closing prices of gold and oil (West Texas Intermediate and Brent North Sea) along with the Indonesian capital markets (JKSE), Hong Kong (HSI), South Korea (KOSPI), India (NIFTY 50), China (SSEC), Singapore (STI) during the period January 2019 to October 2020. This study uses the DCC-GARCH method to see the dynamic correlation between the capital market, and the GARCH method to analyze the volatility of gold and oil prices on the integration of the Indonesian capital market with the Asian capital market. The results of the study show that there is a positive and negative dynamic correlation between the capital markets, thus proving that the movement of the Indonesian market with other markets tends to vary. The results show that only the volatility of Brent oil has a negative effect on the integration of the Indonesian capital market with the Asian capital market]]>
<![CDATA[Accounting Information System: User Participation and Organizational Commitment ]]>
<![CDATA[Sri Dewi Anggadini]]>;
<![CDATA[Deden Abdul Wahab Sya'roni]]>;
<![CDATA[Sari Damayanti]]>;
<![CDATA[Natasha Puspa Dewi]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 4, No 2 (2021) ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v4i2.6001
<![CDATA[User participation and organizational commitment are important things that can improve the performance of accounting information systems. This study aims to determine the effect of user participation and organizational commitment on the performance of accounting information systems. This study uses a quantitative approach with descriptive and verification analysis methods. The research was conducted by distributing questionnaires to employees of the accounting and systems division at Medco Energi Company with 45 respondents. The results of this study indicate that user participation and organizational commitment have a positive effect on the performance of accounting information systems. This research provides important information that no matter how well an accounting information system is implemented, it will not succeed without the support of user participation and organizational commitment.DOI: https://doi.org/10.26905/afr.v4i2.6001]]>
<![CDATA[The Effectiveness of Internal Control in Village Fund System ]]>
<![CDATA[Kezya Audela]]>;
<![CDATA[Ika Kristianti]]>
<![CDATA[ AFRE (Accounting and Financial Review) Vol 5, No 1 (2022): March ]]>
Publisher : <![CDATA[Postgraduate Program Merdeka University ]]>
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DOI: 10.26905/afr.v5i1.7469
<![CDATA[The Financial and Development Supervisory Agency forms Siskeudes to facilitate the village governance system and the village funds management. Internal control is one of the essential components to mitigate the risk of misuse of village funds. This study aims to analyze the implementation of internal control and the effectiveness of the implementation of internal control in controlling risk in the Siskeudes using the indicators listed in the Minister of Village Regulation Number 19 of 2015. The research was conducted in Gedangan Village using a qualitative descriptive method. The data was obtained through the process of interview and observation, analysis technique used is data triangulation. The results and discussion of the study indicate that the internal control in the village financial system has been implemented quite effectively because there are internal control efforts applied to each indicator in Minister of Village Regulation Number 19 of 2015. However, there is still a potential fraud because several internal control indicators that have been implemented not been followed up appropriately and periodically]]>
