Indonesian Journal of Sustainability Accounting and Management
Indonesian Journal of Sustainability Accounting and Management (IJSAM) is a peer-reviewed journal publishing high-quality, original research and published biannually (June and December) by Universitas Pasundan, Indonesia. IJSAM emphasizes the linkages between these environmental issues and social and economic issues in corporations, governments, education institutions, regions, and societies. Its aim is to publish scholarly accounting, economics, energy, entrepreneurship, environmental, management, and social sustainability of human beings research that are relevant to Indonesian studies and in global perspectives, especially those providing practical implications to promote better business decision-making and public policy formulation. Through our published articles, we aim at helping societies become more sustainable.
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<![CDATA[Consumers’ Intention to Purchase Green Skincare Products: Evidence from China ]]>
<![CDATA[Md. Jahidur Rahman]]>;
<![CDATA[Keye Lao]]>;
<![CDATA[Shyamapada Biswas]]>;
<![CDATA[Rakiba Sultana]]>;
<![CDATA[Sarmann I Kennedyd]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.211
<![CDATA[This study examines factors affecting customers’ intention to purchase green skincare products in China to provide some managerial recommendations to existing companies. The theory of planned behavior was applied to formulate our research hypotheses and establish our proposed model. A total of 121 Chinese consumers responded to a survey we conducted online. Hayes’s (2013) process and structural equation modeling was employed to test the moderating effect. We find that consumers’ attitudes, subjective norms, and perceived behavior control significantly affect their purchase intention. Moreover, the country of origin and price sensitivity has a moderation effect on the above relationships. The above findings can help green skincare companies to understand customer purchase behaviors in these modern times. This study contributes to the literature by addressing the gap in previous research on green skincare products in Mainland China. The respondents comprise Chinese university students who will become the main customers in the next few years. This study provides novel findings and inspires skincare companies to increase customer purchase intention by changing their strategy based on its influencing factors.]]>
<![CDATA[Corporate Social Responsibility and Reputation: A Study on Top 100 Companies Operating in India ]]>
<![CDATA[Loopamudra Baruah]]>;
<![CDATA[N.M. Panda]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.407
<![CDATA[The corporate social responsibility (CSR) performance of a company enhances a company’s credibility, thereby influencing the perception of its stakeholders in improving the corporate reputation of a company. This study examines this claim by empirically investigating the CSR performance of India’s top 100 companies and its impact on their reputational status. We have employed the panel-corrected standard error model by controlling companies’ financial performance, size, age, and market risk to analyze the impact of CSR performance on reputation. The result of the analysis is contradictory to the common belief that CSR positively impacts reputation building. Although this study is not novel in nature, it is incremental to the current literature as this study is conducted from an Indian perspective (where no study has been conducted as per our knowledge). This study uses data that are more objective and concrete than those of previous studies, making this study another valuable addition to the extant literature as it is an improvement over the previous study.]]>
<![CDATA[Corporate Governance Quality and Capital Structure Dynamics: Evidence from Pakistan ]]>
<![CDATA[Muhammad Imran Khan]]>;
<![CDATA[Irum Saba]]>;
<![CDATA[Rehana Kouser]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.435
<![CDATA[Corporate governance is highlighted as an important aspect of developing economies. The literature well explained the relationship between corporate governance and capital structure, but little is known about the role of debt as a takeover defense and disciplinary tool, particularly for a debt-based economy such as Pakistan. This study used data from 173 non-financial firms listed on a stock exchange in Pakistan from 2008 to 2017. For the empirical investigation, the study incorporated the Orthogonal Generalized Method of Momentum approach to unbalanced panel data owing to endogeneity. The findings show that in over-levered firms, the adjustment speed of capital structure is slower with weak corporate governance. This result indicates that managers use debt as a takeover defense tool to protect their jobs, even at the cost of shareholders’ benefits. However, for under-levered firms, the adjustment speed of capital structure with weak governance is slower. This aspect specifies that the disciplinary effect of debt is more important for managers. This study concludes that managers with weak corporate governance take benefits at the cost of shareholders’ wealth. The study recommends that managers should develop an understanding of corporate governance to safeguard the rights of the shareholders.]]>
<![CDATA[Effect of Attributions on Consumer Response to CSR Efforts with Consumer Trust as the Moderator ]]>
<![CDATA[Samuel Dio Gyver]]>;
<![CDATA[SeTin SeTin]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.522
<![CDATA[This study aims to examine the effect of other and self-serving attributions on the consumer response to corporate social responsibility (CSR) efforts with consumer trust as the moderator. This study also examines the differences in perceptions between men and women in assessing the motives of CSR efforts. Data were collected through a questionnaire survey of 122 students at a private university in Bandung. Multiple linear regression, independent simple T-Test, and F test were used for data analysis. Results prove that other-serving attributions have a positive effect on consumer response to CSR efforts. Meanwhile, self-serving attributions have a negative effect on consumer response to CSR efforts. When moderated by consumer trust in the firm, other-serving attributions will increase the consumer response to CSR efforts, whereas self-serving attributions will further reduce the consumer response to CSR efforts. Differences in perceptions are found between men and women regarding the consumer response to CSR efforts. This study implies that the development of CSR efforts needs to consider attributions and consumer trust in the firm.]]>
<![CDATA[Role of Country Governance for Improved Environmental Performance ]]>
<![CDATA[Tze San Ong]]>;
<![CDATA[Wei Ni Soh]]>;
<![CDATA[Chee Leong Tan]]>;
<![CDATA[Boon Heng Teh]]>;
<![CDATA[Tze Chin Ong]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.574
<![CDATA[Environmental issues are gaining significant attention at the organizational and country levels because of the growing pollution and greenhouse gas emissions. This study aimed to examine the relationship between country governance (CG) and environmental protection (EP) at the country level. In addition, the study further examined the outcome of EP in developing and developed countries. Neoliberal environmental governance theory was used as an underpinning theory. The data for CG were obtained from the Worldwide Governance Indicators and Environmental Performance Index for the period between 2006 and 2016. Two control variables, namely, Primary School Enrollment and Country Population, were also considered. The panel regression model was used for data analysis. The findings revealed that CG had a significant relationship with EP. Considering that governments have the power to foster governance practices, companies are prompted to enhance their governance performance, invariably leading to greater engagement in sustainability by improving their regulatory environment and enforcement mechanisms. The findings of the study will assist policymakers and decision-makers in setting priorities for the government to achieve sustainable development goals.]]>
<![CDATA[Environmental Reporting Practices in an Emerging Economy ]]>
<![CDATA[S. M. Faridul Islam]]>;
<![CDATA[Syed Zabid Hossain]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.577
<![CDATA[The study aimed to recognize the environmental awareness of corporate entities by exploring the extent of their associated information reporting practices. The study also strived to learn the notable board characteristics that transform the environmental reporting practices of the listed companies in an emerging market economy. This quantitative study was based on annual reports of randomly selected 100 manufacturing companies listed on the Dhaka Stock Exchange. The research used a self-developed disclosure index linked to the environment to collect data for the study. The study revealed that the extent of average environmental reporting practices by the sampled companies was too low, which was only 14.48% of the disclosure index developed for this study. Moreover, 4% of the selected companies did not disclose any environmental information in their annual report for the fiscal year 2018–2019. The most disclosed theme was the concern for the general environment, whereas the lowest was the environmental performance, which was between 25.83% and 6.2%. The study documented that no other board characteristics were highly significant and could positively explain the extent of corporate environmental reporting practices in Bangladesh, only the willingness to disclose by the board.]]>
<![CDATA[Board Gender Diversity and Firm Performance: Evidence from Family-Owned Firms in India ]]>
<![CDATA[Rupjyoti Saha]]>;
<![CDATA[Santi Gopal Maji]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.595
<![CDATA[This study investigates the impact of board gender diversity (BGD) on firm performance (FP) for family-owned Indian firms. To do so, this study selects a sample of the 75 top-listed family-owned firms for a period of 5 years. For empirical analysis, the study used appropriate panel data models. For robustness, the three-stage least square (3SLS) model was used. The findings obtained from panel data models reveal a significant positive impact of BGD in terms of its different measures on FP after controlling corporate governance and firm-specific characteristics. Such results are further substantiated through the 3SLS model. This study provides novel evidence on the impact of BGD in terms of its diverse constructive measures on FP for family-owned firms in the Indian context, thereby extending the ongoing debate about the outcomes of the mandatory gender quota on board for an emerging market.]]>
<![CDATA[Comparing Transformation Disclosure Trends of Publicly Funded Universities in South Africa ]]>
<![CDATA[Sameera Abed]]>;
<![CDATA[Barry Ackers]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.599
<![CDATA[More than 25 years into democracy, South Africa’s higher educational landscape remains challenged by the slow pace of transformation and the residual inequality of apartheid. We utilize a mixed-methods research approach to analyze, interpret, and compare transformation-related disclosures among publicly funded universities, with reference to their historical apartheid-era categorization. We particularly explore the mechanisms introduced to improve academic access and success of students from previously disadvantaged groups. Moreover, we identify the challenges that have contributed to the slow pace of transformation. ATLAS.ti was used to analyze and interpret the transformation-related disclosures in publicly available annual reports of the universities included in this study. We find that historically advantaged universities tend to disclose more support mechanisms, but historically disadvantaged ones face greater infrastructural challenges. We offer a unique perspective on the transformation support mechanisms and challenges experienced by public universities in South Africa based on their historical classification.]]>
<![CDATA[Auditors’ Perspective of Audit Quality during the COVID-19 Pandemic: Evidence from the United Arab Emirates ]]>
<![CDATA[Rihab Grassa]]>;
<![CDATA[Ibrahim Obaidallah]]>;
<![CDATA[Mouna Hamza]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.623
<![CDATA[During the coronavirus disease 2019 (COVID-19) pandemic, external auditors have faced unforeseen logistical challenges as they had to audit financial statements remotely. Definitively, the new circumstances had various impacts on audit quality. This study explores the effect of social distancing owing to the COVID-19 outbreak on the quality of financial audits in the United Arab Emirates. To this end, we conducted 11 semi-structured interviews with audit partners and directors from BIG 4 audit firms. The findings from the content analysis of these interviews show that during the pandemic, external auditors faced different challenges in maintaining the quality of financial audits. Indeed, the lockdown imposed by the pandemic has largely affected materiality and risk assessments, audit procedures and collection of evidence, and auditors’ performance and efficiency efforts. It also increased cyber risk. These conclusions stress the importance of investing in blockchain and artificial intelligence to resolve similar challenges in the future. Blockchain technology would, in fact, be an ultimate solution in similar circumstances as it permits enhancing the efficiency and adaptability of communication between auditors and auditee firms, which can in turn promote the quality of the financial reporting and audit.]]>
<![CDATA[Quantitative Portfolio Management Through Carbon Budgeting in a PSX Perspective ]]>
<![CDATA[Muhammad Irfan Majeed]]>;
<![CDATA[Unbreen Arif]]>;
<![CDATA[Adnan Hushmat]]>
<![CDATA[ Indonesian Journal of Sustainability Accounting and Management Vol. 6 No. 2 (2022): December 2022 ]]>
Publisher : <![CDATA[Universitas Pasundan ]]>
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DOI: 10.28992/ijsam.v6i2.650
<![CDATA[Portfolio management requires investment managers to consider investor preferences before taking any investment decisions. Some of the investors might be interested in building a clean, environmentally friendly, and carbon-free portfolio, assuming it as their corporate social responsibility (CSR) or owing to some fear of future loss arising from the ban on environment-hampering companies that might not be following the environmental, social, and governance (ESG) requirements. Historically, we have seen a ban on Chinese products because of the issues of carbon emissions. Similarly, during SMOG, many brick kilns and iron foundries are closed in Pakistan every year. The carbon budgeting on the portfolio can help achieve the CSR and sustainability goals of investors. The study attempts to develop a portfolio based on historical data, which could yield optimum results while remaining carbon conscious. The study aims to find the best-performing portfolio that could be more ESG compliant and may achieve CSR objectives to protect the environment and investors’ interests simultaneously. The findings show that companies segregated based on carbon footprint can create a carbon-free portfolio (approximately 25%) without a material impact on the expected risk and return profile. To be more ESG compliant, an investor can compromise slightly on returns, that is, only compromising 3% of the profit, we can maintain a 50% compliant portfolio in Pakistan’s environment. The study tries to improve the understanding of regulatory requirements but would also help us gain the confidence of investors who are keen to see carbon-free portfolios or in other words want to ensure investments in environmentally friendly industries.]]>
