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Miranti Kartika Dewi
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Department of Accounting, Faculty of Economics and Business Universitas Indonesia Kampus UI Depok, Jawa Barat, 16424, Indonesia
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INDONESIA
Jurnal Akuntansi dan Keuangan Indonesia
Published by Universitas Indonesia
ISSN : 18298494     EISSN : 24069701     DOI : 10.7454/jaki
Core Subject :
JAKI aims to contribute to the development of knowledge and practice of accounting and finance by publishing theoretical and empirical research papers showcasing Indonesia as well as other emerging and developed markets. Authors are invited to submit articles that address the discourses of accounting and finance from various fields of study, such as financial accounting, public sector accounting, management accounting, Islamic accounting and financial management, auditing, capital market based accounting research, corporate governance, ethics and professionalism, corporate finance, accounting education, behavioral accounting, taxation, banking, information system, sustainability reporting, comprehensive corporate reporting, and climate change-related reporting. The contributed papers may cover the following ranges of subjects but are not limited to: - Discussion and exploration of new theory and knowledge of public, corporate and nonprofit accounting and finance - Empirical investigations providing novel and contributions substantial contributions in the above topical areas of interest - Case studies exploring accounting and finance practices are also welcome
Arjuna Subject : -
Articles 6 Documents
 1 
Search results for , issue "Vol. 21, No. 2" : 6 Documents clear
DECODING THE DYNAMICS IN FINANCIAL FRAUD Adiningsih, Triana Eva
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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Abstract

This empirical study examines fraud for the entire period and then compares it with the latest trends in the five years. This study utilizes extensive data sets to analyze specific aspects of fraud, including causes, types, solutions, and real-world cases. This study conducted a systematic literature review of relevant literature by taking data from Scopus-indexed journals. Vosviewer was used to identify events, and spreadsheet file information was grouped manually. Interestingly, the cheating types of ‘five-year statistics’ and ‘all-time statistics’ show slightly different frequencies. The main research topics focus on money laundering and financial crimes. To explore this further, this report compares historical publications on fraud with current publications, highlighting relevant information from recent articles. The findings of this study have practical implications for understanding and combating fraud in the real world.
THE ROLE OF INTERACTIVE CONTROL SYSTEMS IN STRENGTHENING ESG PRACTICES AND INVESTMENT EFFICIENCY: MCS-LOC INSIGHTS Anis, Idrianita; Arsjah, Regina Jansen; Hartini, Hartini
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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Abstract

This research aims to develop an Environmental, Social, and Governance (ESG) practices model and index based on sustainable finance regulation from a Management Control System Four Levers of Control (MCS-LoC) perspective. The ESG index was developed by utilizing content analysis of information disclosure in annual and sustainability reports of ten non-financial industry sectors listed in the Indonesia Stock Exchange from 2015 to 2022 (640 observations). Subsequently, the effect of the ESG Index on Investment Efficiency (IE) was tested with the moderating role of Interactive Control (INTR). The results indicate that companies are in the second stage of the sustainable business transition, characterized by initiatives to formulate strategies and risk governance. ESG practices do not affect IE, but there is a moderating role (strengthening) of INTR in the general scenario. Additionally, INTR moderates the effect of Belief Systems but does not moderate the influence of Boundary Systems on IE. Conversely, Diagnostics Control negatively moderates (weakening) in the underinvestment scenario. In the overinvestment scenario, INTR negatively moderates the relationship between ESG practices and IE. This research successfully demonstrates the transformative potential of MCS-LoC in ESG practices and can enhance IE. The findings have practical implications for the non-financial industry and provide input for regulators.
CFO-CEO INFORMAL TIES, BUSINESS STRATEGY, AND TAX AGGRESSIVENESS Khuluqy, Hilmi; Maisaroh, Siti; Rahmiati, Alfa; Tjaraka, Heru
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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Abstract

This study aims to provide empirical evidence on the impact of the informal relationship between the CFO and CEO on tax aggressiveness, and the moderating role of business strategy in this relationship. The data used in this study is sourced from companies listed on the Indonesia Stock Exchange (IDX) from 2020 to 2022. The informal relationship between the CFO and CEO is measured through social ties and CFO co-option, while tax aggressiveness is measured by book-tax differences. This study also explores how business strategies, categorized as prospector or defender, moderate this relationship. The results indicate that CFO-CEO social ties significantly reduced tax aggressiveness. However, the findings did not support the moderating role of either prospector or defender business strategies in strengthening or weakening this relationship. The implications of these results are relevant for managerial decision-making and academic literature, and suggest directions for future research that consider broader internal and external company dynamics.
FRAUD MITIGATION BY EMBODYING MAQASHID SHARIA VALUES AND ISLAMIC WORK ETHICS Qorny, Farah Nurani; Laela, Sugiyarti Fatma; Fachrul Avivy, Ahmad Levi
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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This research examines how the fraud square influences fraud, and investigates whether implementing tahdzib al-fard (educating individuals), part of Maqashid Sharia values, and Islamic Work Ethics (IWE), can reduce employee involvement in fraud. The study uses a quantitative approach with questionnaires for data collection, with 257 civil servants in Banten Province agencies, Indonesia, as study samples. The data were further tested using partial least squares structural equation modeling. The study reveals that pressure, opportunity and rationalization have a positive relationship with fraud, while integrity has no impact on fraud deterrence. Tahdzib al-fard significantly influences employee perceptions and attitudes towards dealing with fraud triggers and increasing integrity. IWE was found to only moderate the relationship between pressure and fraud. The research captures the prevalence of fraud in Banten Province government agencies through the lens of the fraud square. It also proposes a new measurement of tahdzib al-fard, combined with the internalization of IWE, as a promising approach that weakens the drivers of fraud and has implications for reducing the level of fraud in the government sector.
THE ROLE OF COST OF CAPITAL IN THE LINK BETWEEN ESG REPORTING AND FIRM PERFORMANCE Dwomor, Emmanuel; Mensah, Emmanuel
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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The attention surrounding Environmental, Social, and Governance (ESG) factors within the corporate realm has grown significantly, as evidence mounts regarding their influence on firm performance. This research explores the connection between ESG reporting and firm performance from emerging economies’ perspective, with the cost of capital acting as a mediator to enhance our understanding of how capital providers perceive the risk profile of ESG-compliant firms and thereby reward them through a reduction in the costs they demand on their invested capital. The study sourced annual reports data on a sample of 146 emerging market firms across 59 industries spanning 2019 to 2022 from 18 emerging economies. ESG data was sourced from Sustainalytics database. Panel data models were used in the analysis. The study discovers a positive link between ESG reporting and firm performance, indicating that companies with robust ESG reporting tend to fare better financially. Moreover, it identifies a negative relationship between ESG reporting and the cost of capital, implying that stronger ESG reporting practices lower a firm’s cost of capital. Additionally, the study ascertains the mediating role of the cost of capital in the relationship between ESG reporting and firm performance, emphasising its significance in shaping the financial outcomes of firms in emerging economies. The study extends stakeholder and legitimacy theories to emerging economies, emphasizing their adaptability. It highlights the mediating role of the cost of capital in the ESG-performance relationship, contributing to the literature. Practically, it shows ESG-compliant firms as lower-risk investments, offering guidance to investors and informing policymakers to foster ESG adoption and sustainability through regulations.
BEHAVIORAL ACCOUNTING AS A CATALYST IN THE ORGANIZATIONAL TRANSFORMATION PROCESS TOWARD SUSTAINABILITY Dayani, Ni Wayan Yellow Prinsis; Budiasih, I Gusti Ayu Nyoman
Jurnal Akuntansi dan Keuangan Indonesia Vol. 21, No. 2
Publisher : UI Scholars Hub

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Abstract

This research investigates the role of behavioral accounting as a catalyst in the organizational transformation process towards sustainability using phenomenological methods. The study aims to explore how behavioral accounting identifies individual behavioral factors, designs efficient sustainability systems, and enhances organizational commitment to sustainable practices. The research employs observation, secondary data analysis, and semi-structured interviews with organizational internal team, analyzed through Interpretative Phenomenological Analysis (IPA). Findings indicate that behavioral accounting contributes to organizational sustainability by enhancing transparency in accounting information, thereby minimizing the risk of fund misuse and ensuring efficient resource allocation. This research supports behavioral accounting as pivotal in shaping a sustainable organizational culture, offering both theoretical insights and practical implications.

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