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Jurnal Akuntansi dan Bisnis
ISSN : 14120852     EISSN : 25805444     DOI : 10.20961
Core Subject : Economy,
Jurnal Akuntansi dan Bisnis (JAB)is published by Accounting Study Program, Faculty of Economics and Business, Universitas Sebelas Maret, Indonesia. Published two times a year, February and August, JAB is a media of communication and reply forum for scientific works especially concerning the field of the business and accounting. Papers presented in JAB are solely that of author. Editorial staff may edit the papers, as long as not change its meaning. JAB has obtained an accreditation from Directorate General of Research and Development Strengthening, Ministry of Research, Technology, and Higher Education of the Republic of Indonesia by SK No. 21/E/KPT/2018.
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Studi Bibliografi: Perkembangan Penelitian Kebijakan Dividen Pada Perusahaan Yang Terdaftar di Bursa Efek Indonesia Fathony, Haris Reza; Aryani, Y. Anni; Setiawan, Doddy; Djuminah, Djuminah
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1160

Abstract

This study aims at providing empirical evidence of research-development on dividend policy in Indonesia Stock Exchange. This study analyzes the dividend policy which consists of 32 articles from 19 nationally accredited journal (Sinta 1 and Sinta 2) taken from 2017 until 2022. The writers of this study do the classification based on the topic, finance variable and non finance variable. The method used in this study is "Charting The Field. " It is found that ROA gives inconsistent impact on dividend policy. Non finance variable, company age and institutional ownership are inconsistent as well. The model of anteseden variable from finance variable and non finance variable use additive model more frequently upon dividend policy. Then, based on consequence variable, it is found that dividend policy has a relation with company value, stock price, earnings smoothing, debt policy leverage, ROA and individual ownership. This implies that dividend policy is used by the management to make a decision in distributing dividends or they are not distributed in the form of retained earnings. There are still many inconsistencies about the result of this kind of research. So, the topic about dividend policy is still being researched by others who are interested in it.
Carbon Emission Disclosure by Non-Financial Companies in Indonesia: A Perspective of Stakeholder Theory Widarjo, Wahyu; Sudaryono, Eko Arief; Kurniawati, Estetika Mutiaranisa; Putra, Adhitya Agri; Wibawa, Baskara Agung
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1209

Abstract

This study aims to examine the determinant factors of carbon emission disclosure in the perspective of stakeholder theory. Stakeholder theory is the most often use as literature in the carbon emission research. Most studies only capture the carbon emission disclosure based on stakeholder theory elements of economic performance and stakeholder power. This study examines comprehensively the perspective of stakeholder theory by considering economic performance, stakeholder power, and strategy posture. Research sample includes 67 non-financial companies listed on the Indonesian Stock Exchange 2017-2020. Data are accessed from annual report and sustainability report. Economic performance is measured by return on assets and return on equity. Stakeholder power is measured by managerial ownership and leverage. Strategy posture is measured by ISO certification and environmental costs. The result shows that stakeholder power (proxied by leverage) and strategy posture (proxied by ISO certification) have effects on carbon emission disclosure.
Determinan Underpricing dengan Reputasi Penjamin Emisi Sebagai Moderasi dari Perspektif Perusahaan Oktananda, M. Reza; Gantyowati, Evi
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1178

Abstract

This study aims to provide empirical evidence regarding the factors that influence underpricing. The analysis technique uses multiple linear regression and MRA (Moderate Regression Analysis) analyses. The population in this study are companies that conduct IPOs on the Indonesia Stock Exchange. This study used purposive sampling and obtained 116 samples from 164 companies that completed IPOs in 2020 - 2022. The results showed that auditor reputation hurts underpricing, and the debt-equity ratio positively affects underpricing. In contrast, earnings per share and company age do not affect underpricing. The results of moderation testing show that underwriter reputation weakens auditor reputation and debt-equity ratio on underpricing, and underwriter reputation cannot moderate earnings per share and company age on underpricing.
Do Executive Facial Trustworthiness Have Impact on IPO Underpricing? Hendrawan, I Putu Sukma; Utama, Cynthia
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1186

Abstract

This study is aimed at investigating the impact of facial-based perceived trustworthiness on stock valuation, particularly in the initial public offering (IPO). IPO settings provide opportunity to investigate whether information asymmetry resulted from company newness in the market would influence the incorporation of soft information in the form of executive facial trustworthiness in stock valuation. This study use recent machine learning algorithm to detect facial landmarks and then calculate a composite facial trustworthiness measure using several facial features that has previously been observed in neuroscience and psychological study to be the most determining factor of perceived trustworthiness. Employing 312 IPO samples in the Indonesia Stock Exchange between 2018 to August 2023, this study find that the facial trustworthiness of the company executive negatively impacts the extent of IPO underpricing. This result implies that investors incorporate the facial trustworthiness of company executives into stock valuation. This study provides evidence on the impact of top management cognitive characteristics on firms’ financial transactions in the Indonesian context. From the perspective of investors and other fund providers, this study shows evidence that heuristics still play an important role in financial decision making. This is also an indication of investor reliance on soft information. Our research method also provides a new opportunity for the use of machine-learning algorithms in processing non-conventional types of data in finance research, which is still relatively rare in emerging market like Indonesia. To the best of our knowledge, our study is the first to use personalized-measure of trust generated through machine-learning algorithms in IPO settings in Indonesia.
Auditor Competence in Digital-Based Government Organizations: Systematic Literature Review Nurharjanti, Nashirotun Nisa
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1184

Abstract

Technological innovations in the audit process can transform organizations and individuals. Government organizations have developed digital-based audit services. This research focuses on auditor competencies that can be used by government organizations in the digital era. This research explains how to research auditor competency in government organizations in the digitalization era, investigates the focus and criticism of the literature on auditor competency in government organizations in the digitalization era, and develops future research related to auditor competency in government organizations in the digitalization era . A structured literature review was conducted for governmentations in English regarding auditor competency in digitally based government organizations. The results reveal that the number of governmentations related to auditor competency in digital-based government organizations has experienced growth over the last ten years. However, the assessment of auditor competency indicators automatically does not imply all of the factors that influence an auditor's competency, because the assessment of auditor competency indicators can be influenced by organizational culture, and organizational and environmental factors. Guidance on competency becomes dynamic because accounting information continues to change accompanied by technological development. So, assessing auditor competency is an important component for improving audit quality. There is no evidence that states which competency is the most dominant, although information technology competency and problem solving skills or analysis and data literacy are competencies that are often studied by researchers. This research has limitations, namely that future research directions come from recent research. So, it is possible that the picture is still far from complete because no one yet knows the speed of technological evolution. This article focuses on aspects of auditor competency assessment that can be used by government organizations, which emphasize technological developments
Tata Kelola Perusahaan dan Pengungkapan Perbankan Hijau: Peran Moderasi Regulasi Perbankan Hijau Firmansyah, Amrie; Kartiko, Nafis Dwi
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1177

Abstract

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Pengaruh Moderasi Profitabilitas Pada Hubungan Multinasionalitas dan Transfer Pricing Terhadap Penghindaran Pajak Nugroho, Arif Dwi; Agung Sasangka, Luhur Wicaksana; Reskino, Reskino
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1208

Abstract

Palm oil companies' tax revenues have declined over the past decade despite increased production, indicating tax avoidance. The research focuses on exploring the link between multinationality, transfer pricing, and tax avoidance. Using panel data regression analysis with Eviews, the author analyzes financial reports from palm oil issuers on the Indonesia Stock Exchange from 2011 to 2018. The sample comprises 112 data points selected from a population of 240, based on specific criteria. Results indicate that multinationality has a positive and significant effect on tax avoidance. On the other hand, transfer pricing does not have a significant effect on tax avoidance. In addition, profitability cannot significantly moderate the relationship between multinationality and tax avoidance or between transfer pricing and tax avoidance.
Hubungan Diversifikasi dan Risiko Perbankan di Indonesia: Apakah Usia Bank Berpengaruh? Atmaji, Atmaji; Sarwoto, Sarwoto; Setyowati, Arum; Trinarningsih, Wahyu
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1151

Abstract

Our research will examine the relationship between bank diversification and bank risk in Indonesia. We employ data from bank that registered in the Financial Service Authority (OJK) from 2013 to 2022. We find that bank diversification is associated with bank risk. Asset diversification has negative impact on credit risk, meanwhile it has not significant effect on solvency risk. Furthermore, we also find that revenue diversification has positive impact on solvency risk and for opposite side, it has negative impact on credit risk. Next, bank age has positive impact solvency risk and it has negative impact on credit risk. Moreover, we also find that bank age moderated the relationship between asset diversification and credit risk. However, we can not support that bank age moderated the relationship revenue diversification and bank risk that measured by solvency risk and credit risk. Finally, we investigate bank-specific variables that determine bank risk which are bank size, receivable loss reserve ratio, cost to income ratio, profit margin ratio, and liquidity ratio
Resilience Reinforced: an In-Depth Analysis of Bank Syariah Indonesia’s Post-Merger Performance Lestari, Sari; Mutmainah, Siti
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1215

Abstract

The merger of Bank Syariah Indonesia was deemed appropriate as a strategic endeavor aimed at enhancing corporate resilience and fostering economic recuperation in the aftermath of the pandemic. This study endeavors to assess the performance of Bank Syariah Indonesia subsequent to a two-year period post-merger. The evaluation entailed a comparative analysis of the bank’s performance before and after the merger, employing metrics such as non-performing financing (NPF), financing to deposit ratio (FDR), return on assets (ROA), capital adequacy ratio (CAR), operating cost on operating income (BOPO), and net-operating margin (NOM). This study employs quantitative approach, utilizing secondary data. The source data, derived from the official Bank Syariah Indonesia (BSI) website, comprises financial and annual reports the years 2015 to 2022. The study also compares the performance to Bank Umum Syariah (BUS) based on sharia banking statistics derived from Otoritas Jasa Keuangan (OJK) website. The mann whitney test was applied to analyze the data, aiming to determine whether there was a significant difference in the performance of sharia banks after the merger compared to before the merger. The results show that there is a significant difference in the performance of the reviewed banks for NPF, ROA, CAR, BOPO, and NOM but not for FDR. The performance in all variables is on upward trajectory. Enhancements in bank performance indicate a favorable impact of mergers on the sharia banking sector. This research forms lays the groundwork for further exploration into the best practices of managing bank mergers.
Financial Factors That Reduce Financial Distress in The Manufacturing Industry Octaviany, Lidya; Ratnasari, Martdian
Jurnal Akuntansi dan Bisnis Vol 24, No 1 (2024)
Publisher : Accounting Study Program, Faculty Economics and Business, Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/jab.v24i1.1137

Abstract

This research is motivated by the limited literature that discusses financial factors that can reduce financial distress in manufacturing companies in Indonesia, so it aims to find out what financial factors have an influence in reducing financial distress using the basis of observations of 31 companies over 5 years (2018-2022) with a total of 155 samples. This research uses 1 dependent variable, namely Decrease in Financial Distress (difference in FD per year) and 4 independent variables, namely profitability (ROA), liquidity (CR), leverage (DAR), sales growth (SG). The research method used is multiple linear regression to find out the influence of each independent variable on the existing dependent variable. The results of this research show that profitability and liquidity have a positive effect in reducing financial distress, while leverage and sales growth have no effect in reducing financial distress. Apart from that, this research also proves that there is a decrease in financial distress in manufacturing companies in Indonesia for the 2018-2022 period. Therefore, from the results of existing research, there are several solutions that can be implemented by companies to reduce company financial distress, namely by optimizing the use of resources, reducing short-term debt, and optimizing the use of current assets as well as maintaining sufficient cash levels to ensure the company can meet its short-term obligations.

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