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[A SYSTEMATIC LITERATURE REVIEW OF RELATIVE VALUE ]]>
<![CDATA[sunar, I Ketut Sunarwijaya]]>;
<![CDATA[Yadnyana, I Ketut Yadnyana]]>;
<![CDATA[Dewa Gede Wirama, Dewa Gede Wirama]]>;
<![CDATA[I Gde Ary Wirajaya, I Gde Ary Wirajaya]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.18263
<![CDATA[Previous studies on firm value have rarely focused on relative value, making it an interesting research area. This study aims to examine the development of research focusing on relative value measured using price to book value and price earnings ratio by conducting a systematic literature review. The data is analyzed using a qualitative approach based on an empirical review of several reputable journals involving the examination of journals published between 2014 and 2023. The results of this study offer a comprehensive review of relative value developments over the past decade. The research addresses gaps in the existing literature and acts as a valuable reference for future investigations on relative value. This research has broad implications for informing decision makers, practitioners, and policymakers, emphasizing the need for a holistic approach in understanding the various practical aspects of relative value.]]>
<![CDATA[THE MODERATING ROLE OF INFORMATION ASYMMETRY ON EARNINGS PERSISTENCE AND EARNINGS RESPONSE COEFFICIENT ]]>
<![CDATA[Onasis, Dini]]>;
<![CDATA[Jasman, Jasman]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.19307
<![CDATA[This study examines the effect of earnings persistence on earnings response coefficient with the role of information asymmetry as a moderating variable in strengthening or weakening its effect. The data used comes from the company's financial statements gathered from the Indonesia Stock Exchange website. The samples used are manufacturing companies starting from the 2021-2023 period. This research uses a purposive sampling method. The study results indicate that earnings persistence has a positive effect on the earnings response coefficient (ERC), and information asymmetry is empirically proven to weaken the positive impact of persistence on ERC. This study provides advice to shareholders to encourage management to reduce information asymmetry through increased transparency and disclosure of financial statements. With low information asymmetry, it increases earnings persistence which then provides earnings power as a tool for predicting future earnings which consequently provides an increase in ERC.]]>
<![CDATA[WOMEN LEADERSHIP AND CORPORATE WATER INFORMATION DISCLOSURE: MODERATING EFFECT OF INTERNET VISIBILITY ]]>
<![CDATA[Magdalena, Renna]]>;
<![CDATA[Isnalita, Isnalita]]>;
<![CDATA[Soewarno, Noorlailie]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.19798
<![CDATA[Indonesia faces a critical clean water scarcity issue, with only 67% of the population's water demand satisfied in 2021. This study examines the role of women directors in enhancing water information disclosure, focusing on the moderating effect of internet visibility. A quantitative research design was employed, analyzing secondary data from 723 Indonesian companies listed on the Indonesia Stock Exchange (IDX) that published GRI Sustainability reports from 2019 to 2022. The unit of analysis is firm-year observations, with water disclosure measured through GRI 303 content analysis. Regression analysis tested the research hypotheses. Results show that women directors positively influence water disclosure, supporting the first hypothesis. Furthermore, the second hypothesis is also accepted, as internet visibility amplifies this relationship, fostering greater transparency. These findings highlight the novel role of internet visibility and gender diversity in enhancing water disclosure practices, offering insights into corporate governance for sustainable development in Indonesia.]]>
<![CDATA[THE MEDIATING ROLE OF FAIRNESS AND MANAGEMENT ACCOUNTING SYSTEMS IN MANAGERIAL PERFORMANCE ]]>
<![CDATA[Buchori, Imam]]>;
<![CDATA[Muflihin, Mohammad]]>;
<![CDATA[Hidayat, Ahmad Agus]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.19909
<![CDATA[Managerial performance is a crucial and primary component in enhancing achievements in management. The research aims at empirically examining the effect of Budget Congruence on Managerial Performance, mediated by Procedural Fairness, Distributive Fairness, and Management Accounting Systems at Islamic State Universities (PTKIN) with public service agency status in East Java. Using a quantitative approach, the respondents were leaders at Islamic State Universities in East Java Province, Indonesia. The findings showed that Budget Congruence significantly impacted Procedural Fairness, Distributive Fairness, and the Management Accounting System. Procedural Fairness and Distributive Fairness could mediate the effect of Budget Congruence on Managerial Performance, while the Management Accounting System failed to mediate the relationship between Budget Congruence and Managerial Performance. These findings highlighted the importance of budget congruence in enhancing procedural fairness and distributive fairness, which ultimately could improve managerial performance.]]>
<![CDATA[BALANCING SUSTAINABILITY AND PROFITABILITY: OPTIMIZING INTELLECTUAL CAPITAL AND ITS CHALLENGES IN INDONESIAN MANUFACTURING COMPANIES ]]>
<![CDATA[Julita, Julita]]>;
<![CDATA[Iznillah, Muhammad]]>;
<![CDATA[Andreas, Andreas]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.21906
<![CDATA[Companies in Indonesia have faced challenges in balancing sustainability and profitability, with the optimization of intellectual capital emerging as a new perspective for creating competitive advantage. The research aims at examining the impact of Intellectual Capital and Corporate Sustainability Performance on Corporate Financial Performance. The secondary data was obtained from the sustainability and annual reports of manufacturing companies listed on the Indonesia Stock Exchange (2018–2020). Multiple regression analyses were conducted with SPSS 24. The results indicated that the environmental and social dimensions of sustainability performance significantly influenced financial performance, while intellectual capital and the economic dimension showed no significant impact. These findings highlighted the importance of managing sustainability and intellectual capital to achieve a balance between sustainability and profitability in the manufacturing sector. This research is limited by a small number of variables and a short observation period, requiring broader future research.]]>
<![CDATA[BEYOND BORDERS: EXPLORING THE ROLE OF FOREIGN OWNERSHIP IN CORPORATE CASH HOLDINGS? ]]>
<![CDATA[Firmansyah, Amrie]]>;
<![CDATA[Kartiko, Nafis Dwi]]>;
<![CDATA[Arham, Amardianto]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.20710
<![CDATA[High cash holdings in Indonesian banking firms raise concerns regarding efficiency and optimal resource allocation. This study investigates the impact of foreign ownership on cash holdings in Indonesian banks. This study is based on 637 firm-year observations from 46 Indonesian banks covering the 2004–2022 period. Due to incomplete yearly data, the analysis applies Ordinary Least Squares (OLS) regression using a cross-sectional approach. The results show that foreign ownership negatively affects all cash-holding proxies, particularly in mature banks with large asset bases. In contrast, it increases cash holdings in young banks with large assets and mature banks with small assets. These findings suggest that foreign investors may influence more efficient cash allocation, encouraging banks to direct resources toward productive investments. The study offers practical implications for policymakers and banking practitioners in enhancing cash management and governance structures in the presence of foreign stakeholders.]]>
<![CDATA[FRAUD DIAMOND DETERMINANTS OF POTENTIAL FINANCIAL REPORTING FRAUD ]]>
<![CDATA[Lisa, Oyong]]>;
<![CDATA[Farhan, Djuni]]>;
<![CDATA[Dahlan, Ahmad]]>;
<![CDATA[Hertato, Roni]]>;
<![CDATA[Azizi, Bagus Salam]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.21080
<![CDATA[Financial statement fraud is a highly risky practice in financial reporting. This research aims at investigating the effect of the fraud diamond (Pressure, Opportunity, Rationalization, and Capability) on the probability of financial statement fraud. The sample consisted of 132 cooperatives over three years (2022–2024). The data analysis technique used logistic regression. The findings showed that pressure was a significant factor driving fraud, arising from various financial obligations that had to be met. Opportunity also influenced the occurrence of financial statement fraud, as a weak internal control system created opportunities for manipulation. Rationalization played a role in enabling fraud, as individuals justified their actions through various rationalizations. Additionally, capability increased the potential for fraud, as individuals with specialized knowledge and skills were more likely to commit fraudulent activities. These findings emphasize the importance of strengthening internal controls and addressing financial pressures to mitigate the risk of financial statement fraud.]]>
<![CDATA[DOES ENVIRONMENTAL CULTURE AND INTELLECTUAL CAPITAL ENHANCE FIRM VALUE AMID POLITICAL INFLUENCE? ]]>
<![CDATA[Burhanuddin, Burhanuddin]]>;
<![CDATA[Alfurkaniati, Alfurkaniati]]>;
<![CDATA[Saputra, Dian]]>;
<![CDATA[Arifin, Zidan Dwinanda]]>;
<![CDATA[Pangestu, Galih Agestri]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.21807
<![CDATA[Corporate sustainability has been a key concern for investors and stakeholders, particularly in the Consumer Non-Cyclical (CNC) sector. Previous studies suggested that Environmental Organizational Culture (EOC) and Intellectual Capital (IC) could enhance firm value, but their impact remained debated. This study examined the effect of EOC and IC on firm value, with Political Connections (PC) as a moderating variable. Using panel data regression analysis on financial and sustainability reports from 2021–2022, the findings revealed that EOC and IC had a significant negative relationship with firm value. Additionally, PC moderated the relationship between EOC and firm value but did not significantly affect the IC-firm value relationship. These results suggested that investments in sustainability and intellectual capital might burden firms in the short term, whereas political connections favored tangible operational investments. This study provided insights for stakeholders in balancing sustainability strategies, intellectual capital, and firm value.]]>
<![CDATA[FOUCAULDIAN SURVEILLANCE IN PROBITY AUDIT: DECODING STRATEGIES TO PREVENT PROCUREMENT FRAUD ]]>
<![CDATA[Ramadhan, Muh. Syahru]]>;
<![CDATA[Iswati, Sri]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.21839
<![CDATA[Corruption cases in the procurement of goods and services continue to occur. This study aims to examine the effectiveness of the implementation of probity audits in preventing fraud in the procurement of goods and services. This study uses qualitative approach with participants from the DKI Jakarta Provincial and the Dompu Regency Inspectorate. The results of the study indicate that the probity audits carried out by the DKI Jakarta Provincial Inspectorate and the Dompu Regency Inspectorate during 2023 and 2024 have not been optimal. This is because the probity audit process still uses the data sampling method, thus limiting comprehensive fraud detection. Furthermore, this study found that the lack of qualified auditors and inadequate technological support hindered audit effectiveness. This study contributes to the academic literature and audit and oversight practices by integrating the concept of Foucauldian oversight into the context of integrity audits to prevent fraud in government procurement.]]>
<![CDATA[THE EFFECT OF GOOD GOVERNANCE IMPLEMENTATION AND HUMAN RESOURCE COMPETENCE ON FRAUD PREVENTION ]]>
<![CDATA[Zeyn, Elvira]]>;
<![CDATA[Farhah Fadhilah Yunus, Farhah Fadhilah Yunus]]>
<![CDATA[ JRAK Vol 17 No 1 (2025): April Edition ]]>
Publisher : <![CDATA[Faculty of Economics and Business, Universitas Pasundan, Bandung, Indonesia ]]>
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DOI: 10.23969/jrak.v17i2.22077
<![CDATA[Fraud prevention in Bandung’s local government agencies remains challenging despite the implementation of good governance. Ongoing fraud cases suggest weak oversight. Although human resource competence supports effective governance, its role in fraud prevention remains insufficiently studied. This study aims at examining the influence of good governance implementation and human resource competency on fraud prevention in the OPD of Bandung City. Using a quantitative approach, the research evaluated how these factors contributed to creating a transparent, accountable, and fraud-free work environment while identifying other relevant influencing variables. The study’s findings indicated that the implementation of good governance and human resource competence played a crucial role in preventing fraud.]]>
