JASF (Journal of Accounting and Strategic Finance)
Journal of Accounting and Strategic Finance (JASF) is a blind peer-reviewed journal that publishes theoretical, empirical, and experimental research papers. The Journal encourages the utilization of economic, financial and sociological theories to investigate, analyze, and explain issues in accounting within the legitimate institutional structure and under various capital markets accurately. The distributed research articles of the Journal will empower researchers to contribute to the discipline of accounting.
Articles
184 Documents
<![CDATA[Environmental, Social, Governance Report, and Materiality Analysis Effect on Financial and Market Performance ]]>
<![CDATA[Indrawati, Andi]]>;
<![CDATA[Ruliana, Titin]]>;
<![CDATA[Yudhyani, Eka]]>;
<![CDATA[Nurfitriani, Nurfitriani]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.392
<![CDATA[Environmental, Social, and Governance (ESG) Reports and materiality analysis are increasingly becoming a primary focus in socially and environmentally responsible corporate practices. These two elements play an important role in building financial and market performance. This research investigates the influence of ESG Reports and materiality analysis on company financial and market performance. This research method uses secondary data from a number of companies in various industries listed in IDX during the 2017-2021 period. Based on the purposive sampling technique, the sample was 23 companies, so the data processed was 115 data. Regression analysis and other statistical techniques measure the relationship between ESG variables and a company's financial results. The research results prove that elements of social and governance ESG have a negative effect on financial performance. Materiality analysis has a positive effect on market performance. These findings provide a strong basis for companies to pay more attention to ESG, especially on the social and governance factors and materiality analysis as strategic tools in risk management and improving financial and market performance. In addition, this research also provides valuable information for investors and other stakeholders increasingly paying attention to ESG aspects in their investment decision-making. Some suggestions were made for future research on ESG reports and sustainability.]]>
<![CDATA[Reliability of Audit Evidence during Pandemic Restrictions ]]>
<![CDATA[Fidiana, Fidiana]]>;
<![CDATA[Retnani, Endang Dwi]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.393
<![CDATA[The latest technology-based audits have quickly overcome traditional barriers for auditors to access data, client resistance, and client readiness. However, the auditor’s capacity to gather adequate and pertinent audit evidence may be hampered by limitations on travel and access as well as a shortage of human resources as a result of health issues. This research aims to analyze and discuss how auditors view and consider audit evidence throughout the pandemic. This qualitative method involves the perceptions of Indonesian Public Accountants (CPA Indonesia), especially in the Indonesian context. The informants were chosen by their involvement in their work as the partners or senior auditors of an audit firm. This research finds that during the pandemic, by fulfilling legal statutory audits and rendering a clean audit opinion even in the absence of compelling audit evidence, auditors can preserve their credibility and stability. Second, in the event of extraordinary circumstances, regulators ought to create audit guidelines and standards. Third, in order to perform audit procedures digitally and remotely, audit firms need to make investments in information technology. The implication is that the crusader, the safe pair of hands, the accommodator, and the truster are four different types of audit engagement partners discovered as a secondary result of this research.]]>
<![CDATA[Whistleblowing System: Do seniors blow less? ]]>
<![CDATA[Sari, Rida Perwita]]>;
<![CDATA[Surbakti, Lidya Primta]]>;
<![CDATA[Sari, Rika Puspita]]>;
<![CDATA[Nuswantara, Dian Anita]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.397
<![CDATA[To fortify itself against any harmful behavior, an organization has meticulously designed a whistleblowing policy system. Despite the availability of this channel, not all members actively engage in using it to contribute to the overall health of the organization. To address this issue effectively, organizations need to conduct in-depth analyses to identify the specific barriers within their context. Our study responds to such topical issues by observing the role of seniority in motivating organizational members to actively embrace their roles as whistle-blowers. The research specifically examines the role of maturity in influencing individuals to step forward and report wrongdoing within the organization. In doing so, we employed the moderated regressions as a methodological approach, involving 396 employees from eight East Java offices of the Directorate General of Taxation. The study's findings provide empirical support for the notion that positive attitudes toward the use of the whistleblowing system significantly increase members' intention to report instances of wrongdoing. However, the research fails to corroborate the hypothesis that age plays a significant role in influencing people’s intention to be whistle-blowers. Considering these results, the implications for organizational governance and policymaking are discussed.]]>
<![CDATA[Questioning the Accountability of Village Officials in Managing Village Funds: A Case Study in Karangan Dalam Village, Karangan District, East Kutai Regency, East Kalimantan ]]>
<![CDATA[Matiin, Nuuridha]]>;
<![CDATA[Amirudin, Amirudin]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.398
<![CDATA[This study aims to apply stewardship theory to the analysis of village officials' roles in the planning, execution, administration, reporting, and accountability of village money. Officials from Karangan Dalam Village served as informants for this qualitative study. In planning efforts, the Secretary has created the Village Development Work Plan (RKPDesa) based on the questionnaires and stewardship philosophy. The village head receives submissions from the village secretary in the form of the village revenue and expenditure budget (APBDesa) and the village regulation work plan (Raperdes). The Village Consultative Body receives the Village Regulation Plan (Reperdes) Village Revenue and Expenditure Budget (APBDesa) for additional deliberation. The Village Fund Allocation (ADD) implementation provided information on the ADD manager's progress, particularly concerning fund absorption and physical activities. The person in charge of managing the village funds, the treasurer, keeps track of all income and expenses and neatly closes the books at the end of each month. Reporting on the management of village funds, the Village Head has sent the necessary SKPD to the regent, indicating the realization of budget utilization. Accountability for Village Fund Management: The village chief allocates the funds for the community, BPD, and regional government. The head of the village takes responsibility for overseeing the village's finances, and the ADD management has been operating well at the accountability stage. The head of the village consistently publishes the accountability outcomes of the APBDesa realization by the end of the relevant year. Village pages are still not being used to their full potential in terms of openness.]]>
<![CDATA[Unleashing Creative Performance Accounting Students ]]>
<![CDATA[Yuhertiana, Indrawati]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.401
<![CDATA[In the current VUCA world, creativity and the capacity to think innovatively become valuable advantages and essential tools that help navigate through the turbulent waves of change. This article examines the crucial significance of creativity in improving the academic achievement of accounting students. The study examines how students tap into their creative abilities in the field of accounting education, given the ever-changing nature of the industry and the growing need for novel approaches. This study used an explanatory sequential mixed methods approach to thoroughly examine the elements that impact the creative performance of accounting students. The integration of qualitative and quantitative methodologies offers an in-depth understanding of the diverse factors that contribute to creative abilities in the field of accounting education. There are 213 respondents from sixteen universities in Indonesia involved in the first phase. Further, there are 14 students of the accounting department UPN Veteran Jawa Timur. Three findings have emerged after a comprehensive investigation. There are three categories of students: those who possess creativity in accounting, those who possess creativity in non-accounting subjects, and those who do not possess creativity at all. The article finishes by evaluating the students' inclination to explore novel ideas and methodologies in accounting. The research seeks to illuminate these features to offer insights on cultivating a creative mentality among accounting students, ultimately equipping them for the changing demands of the accounting profession. The findings may have ramifications for creating curriculum and instructional practices that promote and cultivate creative thinking in accounting education.]]>
<![CDATA[Trading Volume Activity Surrounding Earnings Releases: Evidence from Indonesia ]]>
<![CDATA[Nainggolan, Rexon]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i2.402
<![CDATA[The study investigates trading volume activities post-earnings announcement and their impact on abnormal returns. The objectives are to examine the changes in trading volume activities in response to earnings release and to measure the impact of the changes in trading volume activities on the cumulative average abnormal returns post-earning announcement. The study analyzes the trading volume response around the earnings announcement by comparing the ratio of trading volume activity (TVA) post-earnings announcements with the TVA during the estimation window. It reports an apparent increase in trading volume activity on day +2, indicating a slightly delayed reaction to the event's information. However, the findings indicate a significant relationship between cumulative abnormal returns and trading volume during the post-earning announcement abnormal return in a short period, following the semi-strong form of market efficiency. The study focuses on year-end announcements and does not evaluate interim announcements. The market response to interim data may vary and requires validation through an additional investigation. This implies that market traders should implement an effective trading strategy before the entire market reacts to the earnings announcement. Furthermore, the research findings underscore opportunities for policymakers to improve market infrastructure, hence augmenting the market's efficacy in conveying information pertaining to earnings releases.]]>
<![CDATA[Becoming a Cashless Society: The Role of QRIS from the Z-Generation Student's Perspective ]]>
<![CDATA[Lau, Elfreda Aplonia]]>;
<![CDATA[Kulsum, Umi]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i1.404
<![CDATA[Along with the development of QRIS in Indonesia and Bank Indonesia's efforts to expand the use of QRIS internationally, Z-generation students are faced with the dynamics of financial transaction options towards a cashless society. This study aims to prove the factors that influence the use of QRIS to become a cashless society from the perspective of Z-generation students. The analysis was carried out in-depth based on the UTAUT theory. This study uses primary data by distributing questionnaires to Z-generation students at two universities in Samarinda. A total of 273 data were processed with SmartPLS. Findings show that Z-generation students accept QRIS as a leader in changing the payment paradigm, with high usage intentions driven by effectiveness and efficiency in daily financial transactions. Social influence from peers and family has also been shown to play a key role in shaping attitudes and behavior in using QRIS. Nevertheless, interesting findings imply that supporting factors, such as facilitating conditions, do not always play a dominant role in influencing Z-generation students' decisions to switch to cashless. The implication is that even though QRIS has great potential to form a cashless society, a holistic approach that considers social and psychological factors is crucial. This study suggests that future research involves a broader and more diverse sample that may provide more holistic insights and generalization.]]>
<![CDATA[Using Electronic Money in Financial Transactions: Integrating the Second UTAUT Model ]]>
<![CDATA[Prasetiyo, Yudhi]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v6i2.405
<![CDATA[The use of digital or electronic money has become a trend in people's lives nowadays. Digital money payment systems make it easy to access transactions and even record transactions directly. The acceptance of technology, such as electronic money, in financial transactions was explored by integrating the second Unified Theory of Acceptance and Use of Technology (UTAUT) model. This research wants to know the behavior of using digital or electronic money in people's daily lives in carrying out financial transactions. This research provides an overview of exploratory observations using a quantitative approach. The primary data used to answer the phenomenon is data from a questionnaire. The target sample is a random population with a respondent age range of 17-55 years. IBM SPSS Statistics 25 and structural equation modeling (SEM) are the analytical tools used to identify and validate the elements and variables associated with the desire to conduct financial transactions using electronic or digital currency. There were 381 respondents from several large cities such as Medan, Jakarta, Bandung, Semarang, and Surabaya. The results of research on independent variables on behavior intention show there are four factors, of which there is a significant positive influence, namely performance expectations, social factors, facilitating conditions, and hedonic motivation; one variable has no effect, namely effort expectations. Then the price value and habit variables influence behavioral usage. Moreover, results from the intention variable also significantly impact behavioral usage.]]>
<![CDATA[Management Control System Backbone in a CPA Firm: Middle Managers and the Power of Cultural Control ]]>
<![CDATA[Saputra, Jesslyn Elaine]]>;
<![CDATA[Efferin, Sujoko]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v7i1.425
<![CDATA[This research aims to broaden the understanding of the middle manager's role in the management control system, particularly in mediating the relationship between superiors and subordinates. The methods employed in this research are an interpretive paradigm with interview, observation, and document analysis data collection methods. Findings indicate that middle managers at the CPA X play a crucial role in addressing ignorance, inability, and unwillingness in the company. Although there are no formal controls, role dissonance among middle managers is minimal due to the presence of strong cultural controls. Cultural control can compensate for other forms of control, thus minimizing the occurrence of role dissonance experienced by the manager of CPA Firm X. This research provides insight into the importance of middle managers' role in fulfilling their function as an intermediary in the management control system aimed at aligning the goals of top management with operational employees.]]>
<![CDATA[Market Reaction on the Announcement of Elected President (The 2019 Presidential Election in Indonesia) ]]>
<![CDATA[Fidiana Fidiana]]>
<![CDATA[ JASF: Journal of Accounting and Strategic Finance Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020 ]]>
Publisher : <![CDATA[Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur ]]>
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DOI: 10.33005/jasf.v3i1.77
<![CDATA[Investors tend to respond to political events information because they are considered to be supporting or risking the stability of the capital market, so they must immediately make investment decisions quickly. Unlike the election process in other countries, this five-yearly election in Indonesia is not just a regularity of changing authorities but also carries an ideological gamble. The 2019 election as a necessary test for Indonesia related to the issue of communist phobia: between secular and conservative. Different from previous research on political events that focus on the electoral period, this study aims to prove the information content of the presidential announcement in 2019 by using a window period of eleven days, which is five days before and five days after the announcements. Tests were conducted on 45 companies registered as LQ-45 companies in 2019. Different samples of paired tests were done using a paired t-sample tool by comparing abnormal returns and the level of stock trading activity. By using various tests, this study proves the existence of significant differences in abnormal returns and trading activities in the period before and after the 2019 presidential announcement. So, it was concluded that the 2019 presidential announcement had information content that had an impact on obtaining abnormal returns for investors. This study also proves that investors respond to information and political events as part of their investment decisions. So that daily transaction fluctuations are indicated by a trend of increasing and decreasing selling and buying actions on a spot time.]]>
