Riset Akuntansi dan Keuangan Indonesia
Research in Accounting and Finance Indonesia focusing on various themes, topics, and the accounting and financial aspects, including (but not limited) to the following topics: Public sector accounting Management accounting Islamic accounting Financial management Auditing Corporate Governance (Corporate Governance) Behavioral Accounting (Including Ethics and Professionalism) Accounting Education (Ethics) Taxation Theory of Investment and Capital Markets Accounting Banking and Insurance Accounting information system Sustainability reporting (Sustainability Reporting)
Articles
170 Documents
<![CDATA[The Determination of Fair Selling Price: an Ethnomethodology Study in PT. Panderman Property Syariah ]]>
<![CDATA[Sukamto, Wiwid]]>;
<![CDATA[Triyuwono, Iwan]]>;
<![CDATA[Ludigdo, Unti]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.14209
<![CDATA[This study aims to reveal the practice of setting the price of sharia property without banks. This study uses an interpretive paradigm with a religious ethnomethodological approach to find ways or methods of setting the price that are believed in a social environment based on justice value in Islam. The data in this study were obtained from observations in the field, documentation and in-depth interviews with people who are related to setting the price at PT Panderman Properti Syariah. Data analysis was performed using equitable indexicality and equitable reflexivity. The results of the study show that there are four ways to determine the selling price, such as; implementing sharia provisions, determining the pricing objectives, calculating costs and determining fair profit, and bidding and contract arrangement mechanisms. Fair selling price is determined by paying attention to the rights of stakeholders, both those that are related to and those not directly related to the company’s operations. Each stakeholder is fulfilled their rights in a balanced manner.]]>
<![CDATA[The Effect of Corporate Life Cycle on Corporate Restructuring ]]>
<![CDATA[Sari, Nur Afiqoh]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.15373
<![CDATA[This study aims to determine the effect of corporate life cycle on restructuring decisions with governance and financial distress as moderating variables in manufacturing companies listed on the Indonesia Stock Exchange in five years (2013- 2017) and there are 480 data for the sample. The hypotheses tested using logistic regression. The results of this study indicate that life cycle has an effect on restructuring decisions. Financial distress strengthen the influence of the “birth” and “mature” stages to carry out managerial restructuring, and strengthen the “growth” stage to carry out operational restructuring and financial restructuring. However, financial distress does not moderate the influence of the life cycle on asset restructuring. Governance weakens the influence of the “birth” stage in managerial restructuring and also weakens the influence of the “birth” and “mature” stages in financial restructuring strategies. GCG does not moderate the effect of the life cycle on operational restructuring and asset restructuring.]]>
<![CDATA[Female Family Echelon and Capital Structure Decisions in Family Firm ]]>
<![CDATA[Sumarsono, Hadi]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.15440
<![CDATA[This research aims to examine how female family echelons (the presence female family on commisioner or director) effect on leverage. Sample use in research are 1374 firms years observation from nonbank and nonfinancial sector actived trade on Indonesia Stock Exchange over 2011 to 2015. Using regression of fixed effect model, this finding suggest that family firm are less leverage than nonfamily firm. Proportion of family ownership, family commisioner and family director insignificant affect on leverage, however, relationship between family ownership and leverage are significantly nonlinear (U-shape). Female family echelons effect on leverage. Family firms more risk averse than nonfamily firm due to involvement women on family echelons.]]>
<![CDATA[Book Building vs Fixed Price Revisited: The Case of Indonesia ]]>
<![CDATA[Utami, Tri]]>;
<![CDATA[Dharma, Widya]]>;
<![CDATA[Irawan, Arief Surya]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17112
<![CDATA[We revisited the evidence on how IPO methods affect return (opening, close and initial return) and why does return affects the volatility in Indonesia. As one of the emerging countries, Indonesia had a changing regulation regarding the IPO method from the fixed price to the book building method since October 2000. Using a clustering regression analysis method, we find that the opening price and initial price in the book building period are significantly higher than that in the fixed price period. Furthermore, there is no effect of the opening return on the volatility. In contrast, closing return affects the volatility positively, while the relationship between initial return and volatility shows somewhat mixed results.]]>
<![CDATA[Audit Quality of The Engagement Partner and Audit Firm ]]>
<![CDATA[Sambuaga, Elfina Astrella]]>;
<![CDATA[Herusetya, Antonius]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17388
<![CDATA[This study examines the effect of the number of clients and complexity on audit quality at the engagement partner and public accounting firm levels. The discretionary accrual and real activities manipulation models are used to assess the audit quality at the engagement partner and public accounting firm levels. From 2013 to 2018, this study examined 506 firm-year observations for companies in the industrial sector listed on the Indonesian Stock Exchange. Using multiple linear regressions and controlling for year and industry fixed effects, our study discovered that the client complexity handled by engagement partners has an association with the engagement partners’ audit quality declining using discretionary accruals. However, our study discovered no relationship between the number of clients at the engagement partner and audit firm levels, and client complexity at the audit firm level that influences audit quality. Thus, the findings of our study suggest to standard setters, capital market participants, and other stakeholders that audit quality at the engagement partner level remains a significant concern.]]>
<![CDATA[Transfer Pricing Aggressiveness, Thin Capitalization, Political Connection, Tax Avoidance: Does Corporate Governance Have A Role in Indonesia? ]]>
<![CDATA[Fasita, Eta]]>;
<![CDATA[Firmansyah, Amrie]]>;
<![CDATA[Irawan, Ferry]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17313
<![CDATA[This study investigates the association of transfer pricing aggressiveness, thin capitalization, and political connection with tax avoidance and the corporate governance’s role in moderating these associations. The secondary data of this study are data and information obtained from financial reports and annual reports sourced from www.idx.co.id and www.idnfinancials.com. The analysis is conducted on 61 non-financial multinational companies listed on Indonesia Stock Exchange over the 2016-2019 period, chosen by the purposive sampling method resulting in 244 firm-year. Hypothesis testing employs regression analysis with a data panel. The result suggests that transfer pricing aggressiveness and political connection are negatively associated with tax avoidance. In contrast, thin capitalization is positively associated with tax avoidance. However, corporate governance can weaken each of these associations. This study indicates that the Indonesian Tax Authority should consider multinational companies with large interest debt structures on the list of priorities in tax inspection policy. Also, this study shows Indonesian firms are less likely to use political connection and transfer pricing to avoid tax.]]>
<![CDATA[The Influence of Majority Ownership, Profitability, Size of the Board of Directors, and Frequency of Board of Commissioners Meetings on Sustainability Report Disclosure ]]>
<![CDATA[Trisnawati, Rina]]>;
<![CDATA[Wardati, Safari Dwi]]>;
<![CDATA[Putri, Eskasari]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17783
<![CDATA[Purpose – This study aims to determine the effect of majority ownership, profitability, the size of the directors board, and frequency of board of commissioners meetings on sustainability report disclosure. Design/methodology/approach– The data were tested using multiple linear regression method. The population used are LQ45 companies listed in Indonesian Stock Exchange (IDX) during the years 2017-2020. This study uses purposive sampling method and obtained 80 LQ45 companies for four years of observation. Findings– The results of this study indicated that the size of the directors board has a significant effect on sustainability report disclosure. While majority ownership, profitability, and frequency of board of commissioners meetings have no effect on sustainability report disclosure. Research limitations/implications– The board of directors is the highest element of management that has responsibility for gaining legitimacy. Companies that have a low number of boards of directors will disclose a higher sustainability report. A small board of directors will result in the effectiveness of coordination, communication and control of the CEO and result in participation that has a positive impact on monitoring information disclosure. Practical implications – Companies are expected to pay attention to sustainability reports disclosure because more high demands from stakeholders for non-financial information of each company. Originality/value – This study uses the majority ownership variable where this variable is very rarely used and uses the LQ45 company because previous research has focused on each industrial sector.]]>
<![CDATA[The Presence and Capabilities of Women on Board and Corporate Financial Performance: a Study on Female vs Maledominated Industry ]]>
<![CDATA[Permatasari, Widowati Dian]]>;
<![CDATA[Cahyono, Yuli Tri]]>;
<![CDATA[Arifin, Atwal]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.17949
<![CDATA[The purpose of this study is to determine the effect of the women presence and their capabilities on the companies’ financial performance in company listed on the Indonesia Stock Exchange. This study splits the sample into two industry categories based on gender domination which are female and male-dominated industry. Using agency theory, resourced based theory and human capital theory, this study find that the presence of a women on board has a significant positive impact on the company’s financial performance as measured on market basis. In addition, their capability - such as education background in economics/business/finance and relevant work experience - have significant positive impact on the company’s accounting performance. These results are seen mainly in the entire sample group and the male-dominated sample group.]]>
<![CDATA[The Role of Corporate Governance Mechanism on Disclosure of Enterprise Risk Management in Indonesian Banking Industry ]]>
<![CDATA[Wijayanti, Rita]]>;
<![CDATA[Ariani, Kurnia Rina]]>;
<![CDATA[Suyatmin, S]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.18061
<![CDATA[This research aims to determine the role of the corporate governance mechanism, which includes the board of commissioners, board of directors, audit committee, institutional ownership, and ownership concentration on enterprise risk management (ERM). The population in this study are banking companies listed on the Indonesia Stock Exchange from 2015 to 2019. Using purposive sampling resulted in 28 companies as the final sample during the 5-year observation period. This study uses multiple linear regression analysis techniques. The results showed that the board of directors, audit committee, institutional ownership, and ownership concentration positively and significantly affected ERM. In contrast, the board of commissioners was not proven.]]>
<![CDATA[Income Analysis of Micro and Small Enterprises (MSEs) During the Covid-19 Pandemic: Evidence from Indonesia ]]>
<![CDATA[Rochmatullah, Mahameru Rosy]]>;
<![CDATA[Jati, Ade Khurnia]]>;
<![CDATA[Fauzan, F]]>
<![CDATA[ Riset Akuntansi dan Keuangan Indonesia Vol 7, No 1 (2022) Riset Akuntansi dan Keuangan Indonesia ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Surakarta ]]>
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DOI: 10.23917/reaksi.v7i1.18050
<![CDATA[Micro and Small Enterprises (MSEs) are one of the economic sectors that have been severely affected by the Covid-19 pandemic. MSE actors experienced decreased income due to declined sales and marketing limitations caused by restrictions on working hours imposed by the government and reduction in workforce done by business owners to reduce spending and incompatible information technology capabilities for MSE buying and selling transactions. This study aims to analyze the capability of MSEs to earn income during the Covid-19 pandemic. To be more specific, this study focused on several factors that influence income, namely working hours, total workforce, education level, information technology, and government capital assistance. By employing multiple linear regression, the study results indicated that capital assistance from the government could explain the income gain of MSE actors. Meanwhile, the other four variables did not have any impact on MSE income.]]>
