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Accounting and Finance Studies
Published by Profesional Muda Cendekia
ISSN : -     EISSN : 27744256     DOI : 10.47153/afs
Core Subject : Economy,
Economics, Econometrics & Finance
Accounting and Finance Studies is an academic journal published by Profesional Muda Cendekia. Accounting and Finance Studies aims to publish articles in the field of accounting and finance, including but not limited to research results, scientific studies and field cases. It has a purpose to provide a media for academics, researchers, experts and observers to communicate in the framework of scientific development in the field of accounting and finance.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Akuntansi
Articles 5 Documents
 1 
Search results for , issue "Vol. 4 No. 1 (2024): Issue: January" : 5 Documents clear
Determinant Financial Distress: Evidence Manufacture Company in Indonesia Stock Exchange 2018 – 2022 Ida Ayu Fatmayuni; Sri Dwi Ari Ambarwati; Hendro Widjanarko
Accounting and Finance Studies Vol. 4 No. 1 (2024): Issue: January
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/afs41.8502024

Abstract

Research Aims: This study aims to examine the impact of six financial ratios—profitability (ROA and ROE), liquidity ratio (CR and QR), solvency ratio (DAR and DER), activity ratio (TATO), sales growth (SG), and market value (EPS and MBV)—on the likelihood of financial distress in manufacturing companies. The research focuses on determining the relationships between these ratios and the binary variable indicating financial distress. Design/methodology/approach: Using purposive sampling, 147 manufacturing companies were selected based on specific criteria, with financial distress defined by negative equity or negative net income for two consecutive years. Logistic analysis was employed to analyze the data, and STATA17 software was used for statistical analysis. Research Findings: The study reveals that ROA, ROE, QR, and TATO have a significant negative effect on financial distress, while DAR and MBV show a significant positive effect. CR, DER, SG, and EPS, however, exhibit no significant relationship with financial distress. Approximately 33% of the manufacturing companies studied experienced financial distress. Theoretical Contribution/Originality: This research contributes by examining the specific impact of financial ratios on the likelihood of financial distress, providing insights into which ratios are significant predictors. The study offers a nuanced understanding of the financial health of manufacturing companies. Research limitation and implication: Limitations include the use of a specific binary variable for financial distress and the focus on manufacturing companies. Future research may explore diverse sectors and incorporate additional variables for a comprehensive analysis. The findings suggest that companies can monitor and manage specific financial ratios to mitigate the risk of financial distress. This insight can guide strategic financial planning and decision-making in the manufacturing sector.
Evaluation of Risk Management Implementation in IT Projects Using ISO 31000 in an ICT Solutions Company Ranti Dwi Berlianti Bachtiar; Machmudin Eka Prasetya
Accounting and Finance Studies Vol. 4 No. 1 (2024): Issue: January
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/afs41.8682024

Abstract

Research Aims: This study aims to assess the implementation of risk management in information technology projects at PT. X, an ICT solutions company in Indonesia. Focusing on ISO 31000:2018 standards, the research aims to identify gaps in current risk management practices and prioritize potential risks for improved project planning. Design/methodology/approach: Utilizing a descriptive qualitative analysis with a case study approach, this research employs interview data collection and document analysis. The evaluation is centered on the adherence to ISO 31000:2018 standards in the risk management process at PT X and identification of eleven prioritized potential risks. Research Findings: The study reveals that the current risk management processes at PT X do not fully comply with ISO 31000:2018 standards. Additionally, eleven potential risks are identified, highlighting areas that require attention and improvement. The research emphasizes the importance of enhancing risk management practices for the company's sustainability. Theoretical Contribution/Originality: This research contributes by providing insights into the gaps in risk management practices within the context of information technology projects. It highlights the need for companies like PT X to align their risk management processes with international standards for improved project success. Research limitation and implication: Limitations include the focus on a specific company and the qualitative nature of the study. Future research may extend the analysis to multiple organizations and incorporate quantitative methods for a more comprehensive evaluation. The study recommends enhancing risk management aspects at PT X by implementing a project risk management policy, developing integrated risk management documents, and improving risk evaluation analysis. These improvements are crucial for the sustained success of information technology projects in the company.
Analysis of Transfer Funds on Regional Expenditure of North Sulawesi Provincial Government Before and During Covid-19 Pandemic Anugrah Alvionitha Tana; Lintje Kalangi; Heince R. N. Wokas
Accounting and Finance Studies Vol. 4 No. 1 (2024): Issue: January
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/afs41.8852024

Abstract

Research Aims: This research addresses the dependency of Regional Governments, particularly North Sulawesi Provincial Government, on Transfer Funds for regional expenditures, with a focus on the changes brought about by the Covid-19 pandemic. The study aims to analyze the allocation process of Transfer Funds on regional expenditure before and during the pandemic. Design/methodology/approach: Utilizing a qualitative case study approach, this research employs the Miles and Huberman Model for analysis. The study investigates how the North Sulawesi Provincial Government adapted its budget allocation strategy in response to the Covid-19 pandemic, with specific attention to the allocation of Transfer Funds. Research Findings: The study reveals shifts in the focus of regional expenditure, emphasizing Covid-19 handling during the pandemic compared to the pre-pandemic period when expenditures were allocated based on the Governor's vision and mission. Limited fiscal space led to a more selective budget allocation by the Regional Government Budget Team. Efforts to address budget constraints included refocusing and reallocating funds, supervision and assistance to regional apparatus, and regular evaluation of Transfer Funds. Theoretical Contribution/Originality: This research contributes by highlighting the dynamic changes in regional expenditure allocation, specifically addressing the impact of the Covid-19 pandemic. It provides insights into adaptive fiscal strategies employed by regional governments during crises. Research limitation and implication: Limitations include the focus on a specific region and the qualitative nature of the study. Future research may explore diverse regions and incorporate quantitative methods for a broader analysis. The findings suggest that regional governments need adaptive fiscal policies during crises. Policymakers can learn from North Sulawesi's experience, emphasizing the importance of flexibility and strategic reallocation of funds to address urgent priorities during emergencies.
Corporate Governance Mechanisms on Earnings management in the Indonesian Banking Sector Abraham Dwi Wicaksono; Maria Goreti Kentris Indarti; Jacobus widiatmoko
Accounting and Finance Studies Vol. 4 No. 1 (2024): Issue: January
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/afs41.9072024

Abstract

Research Aims: This research aims to examine the influence of corporate governance on earnings management. The corporate governance variable is proxied by independent commissioners, audit committees, and audit quality. The data in this research is secondary data originating from the financial reports of banking companies listed on the Indonesia Stock Exchange in 2019-2022. Design/methodology/approach: The analytical techniques used to test the hypothesis in this research are descriptive statistics, classical assumption tests, and multiple linear regression analysis. The type of data used in this research is quantitative data. The sample for this research was obtained using a purposive sampling method, and a sample of 116 banking companies was obtained. Research Findings: Test results using multiple linear regression show that the independent commissioner variable does not affect earnings management. the audit committee variable has negative impact on earnings management while audit quality variable have a significant positive effect. Test results also show that the control variable ROA has a significant negative influence on earnings management (EM). However, the leverage control variable does not influence management (EM). Theoretical Contribution/Originality: This research contributes by providing nuanced insights into the specific impact of corporate governance components on earnings management within Indonesian banking companies. The findings offer a deeper understanding of the intricate relationships between governance mechanisms and financial practices. Research limitation and implication: Limitations include the focus on banking companies and the specific time frame. Future research may explore diverse sectors and extend the study period. The results imply the need for policymakers and practitioners to recognize the varying impacts of different corporate governance components on earnings management for effective financial oversight.
The Effect Of R&D Volatility on Market Value with The Role of Executive Overconfidence as a Moderating Variable Dwi Indah Ratna Sari; Fitri Laela Wijayati
Accounting and Finance Studies Vol. 4 No. 1 (2024): Issue: January
Publisher : Profesional Muda Cendekia Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47153/afs41.9162024

Abstract

This study aims to determine the effect of R&D Volatility on Market Value with the Role of Executive Overconfidence as a Moderating Variable. This study analyzes companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. The data used is secondary data from the company's annual financial statements. The population used in this study are companies listed on the Indonesia Stock Exchange (IDX) in 2018-2021. The sampling technique used was the purposive sampling technique. We obtained a final sample of 27 companies. The analysis technique used is panel data regression analysis using the Eviews 9 program. The results showed that the R&D Volatility variable positively affected market value. Overconfidence has a positive effect on market value. Executive overconfidence negatively moderates the relationship between R&D volatility and market value.

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