Jurnal Riset Akuntansi Kontemporer
Jurnal Riset Akuntansi Kontemporer invites manuscripts in the various topics include, but not limited to, functional areas of International and financial accounting; Management and cost accounting; Tax; Auditing; Accounting information systems; Accounting education; Environmental and social accounting; Accounting for non-profit organisations; Public sector accounting; Corporate governance: accounting/finance; Ethical issues in accounting and financial reporting; Corporate finance; Investments, derivatives; Banking; Capital markets in emerging economies
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<![CDATA[DOES SPIRITUAL PHILOSOPHY MATTERS ON LOCAL MICROFINANCE IN BALI? ]]>
<![CDATA[Suryandari, Ni]]>;
<![CDATA[Widnyana, I Wayan]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.7395
<![CDATA[The massive growth of LPDs means that they must have excellent performance. LPDs are not protected by the government, so they must have good financial governance. The existence of LPDs is needed to support traditional villages and be able to synergize with Hindu philosophy in improving LPD performance. This study aims at determining the effect of four Hindu's philosophy on Lembaga Perkreditan Desa (LPD) performance as a local microfinance in Bali. The samples in this study were 64 respondents consisting of 32 chairman and 32 supervisory boards from LPD in Ubud Gianyar. The analytical method used Moderated Regression Analysis. The results showed that Dharma, Artha, Kama, and Moksa have a positive effect on LPD's performance. The better the application of Dharma, artha, kama, and moksa in the organization, the employees will do good things in accordance with applicable norms.]]>
<![CDATA[THE INVESTMENT OPPORTUNITY AND COMPANY SIZE AFFECTING FINANCIAL PERFORMANCE AND DIVIDEND POLICY ]]>
<![CDATA[Putra, Gede]]>;
<![CDATA[Manuari, Ida]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.7531
<![CDATA[Investment is no longer limited to the upper class; it now includes participation from the lower middle class as well. This research was conducted at the Indonesia Stock Exchange with a sample size of 45. The sample comprised 15 companies with a three-year observation period. Based on the outcomes of this research, researchers can draw the following conclusions: Investment Opportunity Set (IOS) and firm size exhibit a positive influence on financial performance. However, company performance also serves as a mediator in the relationship between firm size and its impact on dividend policy. The practical implication for investors is to take into account variables that have been demonstrated to influence dividend policy when making investment decisions, with the aim of maximizing profits from dividends. For companies, it is essential to recognize that these variables, particularly the allure of dividends, can become a compelling attraction for the company itself.]]>
<![CDATA[THE IMPLICATION OF PROFITABILITY AS A MODERATING IN THE RELATION OF ENVIRONMENTAL CERTIFICATION AND FINANCIAL PERFORMANCE TO MARKET REACTION ]]>
<![CDATA[Widiatami, Anna]]>;
<![CDATA[Khasanah, Nasriatun]]>;
<![CDATA[Nurkhin, Ahmad]]>;
<![CDATA[Aeni, Ida]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.7671
<![CDATA[This study aims to analyze and empirically evaluate the effect of financial and non-financial information submitted through annual reports on the market reaction, proxied by trading volume activity. A study was conducted in 103 manufacturing companies listed on the Indonesian Stock Exchange for the 2017-2021 period with 515 annual reports. The panel data moderating regression results show that environmental certification and financial performance, measured by Sales growth, market value added, and Tobin's Q Ratio, do not affect the market reaction. However, return on equity as a Profitability measurement can strengthen the relationship between environmental certification and sales growth in trading volume activity. This study implies that a high return on equity in companies attracts an investor more than environmental certification. Besides, it could change the confidence of the investor to invest in a company that has been obtaining ISO 14001 certificates.]]>
<![CDATA[REAL EARNINGS MANAGEMENT AND CASH HOLDING PERFORMANCE: AUDITOR INDUSTRY SPECIALIZATION AS MODERATING VARIABLE ]]>
<![CDATA[Mukhlasin, Mukhlasin]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.8080
<![CDATA[This academic work intends to obtain empirical evidence about the signaling perspective on real earnings management to describe cash holdings. The theoretical contradictions of real earnings management reflect management's opportunistic attitude and optimistic attitude which signifies positive earnings. The research design is a quantitative study with a sample of 216 units of analysis. Secondary research data was obtained from the Indonesian stock exchange for 2019-2021. Multiple linear regression testing results prove that real earnings management gives a positive signal about cash holding. Auditor industry specialization which reflects audit quality is proven to strengthen the relationship between real earnings management and cash holding. This contributes to the realm of signal theory as an alternative explanation of the relationship between real earnings management and cash holding. In addition, the role of industry-specialized auditors is a driving force in strengthening positive signals that reflect alignment between management policies and cash-holding performance.]]>
<![CDATA[DETERMINANTS OF WHISTLEBLOWING ON ACADEMIC FRAUD OF ACCOUNTING STUDENTS ]]>
<![CDATA[Anggreani, Citra]]>;
<![CDATA[Falikhatun, Falikhatun]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.8114
<![CDATA[Accounting students' role in maintaining ethical standards by reporting fraud is crucial. This study empirically examines how individual factors—attitudes, subjective norms, perceived control, and Machiavellianism—affect their decisions. Using a quantitative approach, 212 Indonesian accounting students participated via questionnaire surveys and purposive sampling. Findings from Partial Least Squares Structural Equation Modeling (PLS-SEM) analysis reveal positive correlations between willingness to report fraud and attitudes, norms, control perceptions, and Machiavellianism. These results underline the significance of addressing individual factors to foster a culture of integrity and accountability within the accounting profession, guiding educational institutions and policymakers in developing strategies to encourage ethical behavior and whistleblowing.]]>
<![CDATA[FORMATION OF AN OPTIMAL PORTFOLIO OF LQ45 SHARES USING MARKOWITZ METHOD ]]>
<![CDATA[Al Ghifari, Abdurrahman Al Ghifari]]>;
<![CDATA[Toharodin, Toni]]>;
<![CDATA[Hendrawati, Triyani]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.8445
<![CDATA[Currently, there are still many investors who do not realize that stock management strategies are important. Therefore, as a practitioner, through this research, it is hoped that authors can help overcome this problem so that it can calculate maximum profits in-stock selection. This research aims at understanding stock management strategies by forming a Markowitz portfolio with the help of the K-Means grouping method. The population in this research included stock companies listed on the Indonesian Stock Exchange. The sample selection method used was the targeted sampling method. The sample data used was daily stock returns from LQ45 stock companies. The research results showed that based on data processing, stock grouping using the k-Means method and the Markowitz method was proven to produce maximum profits and low risk. Therefore, the method used in this research can be useful in the world of finance, especially to help investors.]]>
<![CDATA[DETERMINANTS AND CONSEQUENCES OF FINANCIAL REPORTING QUALITY: A SYSTEMATIC LITERATURE REVIEW ]]>
<![CDATA[Dewi, I Gusti Ayu Ratih Permata]]>;
<![CDATA[Suartana, Wayan]]>;
<![CDATA[Yasa, Gerianta]]>;
<![CDATA[Budiartha, Ketut]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.9752
<![CDATA[This study aims to review and compile the corpus of literature on the quality of financial reporting. It provides a comprehensive study of fifty-four papers published between 2016 and 2023 on this topic. The study was retrieved from the databases of Scopus. This review also identifies gaps in the literature, some of which have opposing conclusions, looks at potential data sources for empirical researchers, and suggests directions for further research. The search for innovative and unexplored research subjects is driven by the need for novelty in the field. This study identifies the origins and consequences of high-quality financial reporting. The ramifications of agency difficulties—conflicts of interest between principal and agent—are further discussed in this article. The practical effect of IFRS is that it results in financial reporting that is more appealing to investors.]]>
<![CDATA[PERFORMANCE OF SMALL BUSINESSES: DOES SUSTAINABILITY REPORTING ISSUE MATTER? ]]>
<![CDATA[Gozali, Efva]]>;
<![CDATA[Hamzah, Ruth]]>;
<![CDATA[Ferina, Ika]]>;
<![CDATA[Annisa, Mutiara]]>;
<![CDATA[Toruan, Antonius]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.10188
<![CDATA[Sustainability reporting serves as a valuable tool to demonstrate how a business addresses economic and environmental challenges. This study investigates the influence of age, size and sustainability reporting comprehension of Micro, Small, and Medium-sized Enterprises (MSMEs) on their performance. From a certain population, 40 MSMEs were successfully collected as samples. Logistic regression was employed as the data analysis method. The results reveal that the age do not affect performance, meanwhile size positively affects performance. Moreover, it is found that sustainability reporting comprehension negatively affects performance of MSMEs. The results of this study contribute to bridge the literature gap in the scope of sustainability reporting for MSMEs. In addition, it offers support for the adoption of sustainability reporting standards for MSMEs as a specific sector.]]>
<![CDATA[MODERATING EFFECT OF PROFITABILITY: ANALYSIS ON ENVIRONMENTAL CERTIFICATION, FINANCIAL PERFORMANCE, AND MARKET REACTION ]]>
<![CDATA[Ridwan, Ridwan]]>;
<![CDATA[Yuhana, Yuyun]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.11356
<![CDATA[Companies have good credibility to encourage investors to invest their capital. This is based on the company's success which can be seen from the company's performance. The company's performance can be measured from financial performance. Therefore, this research aims at revealing the influence of Intellectual Capital on Company Value with Financial Performance as an Intervening Variable in LQ45 Companies listed on the BEI in 2014-2018. This research used descriptive and verification quantitative methods. The research was conducted in 17 companies based on a purposive sampling technique with an observation period of five years. The result of the analysis was that the calculated t was greater than the t table. Thus, it showed that there was an influence of intellectual capital on company value with Financial Performance (ROE) not being able to mediate the influence of Intellectual Capital on Company Value.]]>
<![CDATA[ACCRUAL EARNINGS MANAGEMENT, REAL EARNINGS MANAGEMENT, AND COST OF DEBT: DOES CAPITAL STRUCTURE MATTER? ]]>
<![CDATA[Firmansyah, Amrie]]>;
<![CDATA[Prakosa, Dani Kharismawan]]>;
<![CDATA[Al ‘Alam, Muhammad Panji Anugerah]]>;
<![CDATA[Pamungkas, Pria Aji]]>;
<![CDATA[Geno, Muchamad Rizal Pua]]>;
<![CDATA[Fauzi, Irfan]]>;
<![CDATA[Bachtiar, Muchamad Izaaz Hannun]]>
<![CDATA[ JRAK Vol 16 No 1 (2024): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v16i1.11734
<![CDATA[This study looks at how accrual and real earnings management affect the cost of debt. This study also considers capital structure as a moderating variable. This quantitative study draws on data from the financial statements of manufacturing businesses listed on the IDX from 2016 to 2020. The research data was gathered from www.idnfinancial.com. Purposive sampling is employed in this study, with a sample size of 565 observations. Multiple linear regression analysis was employed to evaluate hypotheses with panel data. According to this study, accrual earnings management is unrelated to the cost of debt. Meanwhile, real earnings management correlates favorably with the cost of debt. The moderating influence of capital structure is often missing or minor in the link between real earnings management and the cost of debt. This research enriches the knowledge discussing the hazards of earnings management performed by managers in organizations with specific debt levels.]]>
