Indonesian Journal of Accounting and Governance
The Indonesian Journal of Accounting and Governance (IJAG) is a peer-reviewed academic journal aiming for advancing knowledge and fostering innovation in finance, accounting, auditing, accountability, sustainability, risk management, governance, and taxation. It provides a platform for researchers, practitioners, and policymakers to share insights and explore the intersection of these critical fields. The journal is accredited SINTA 4. Focus Areas: Finance: Covers topics such as corporate finance, capital markets, investment analysis, financial management, and emerging financial technologies. Accounting: Includes research on financial and managerial accounting practices, taxation, and accounting information systems. Auditing: Explores external and internal auditing, assurance services, audit quality, and the role of auditing in improving transparency and trust. Taxation: Special focus is given to taxation, addressing issues such as tax policy, corporate tax strategies, tax compliance, and the impact of international tax reforms. IJAG encourages research on how taxation affects business decision-making, the relationship between tax policies and governance, and the role of taxation in economic development, especially in Southeast Asia and other developing economies. Accountability: Focuses on how organizations ensure accountability to stakeholders like shareholders, customers, and the public through ethical practices and transparency. Sustainability: Emphasizes corporate sustainability reporting, environmental and social governance (ESG), and how these practices affect financial performance and long-term success. Risk Management: Studies the identification, assessment, and management of operational, financial, and reputational risks in business. Governance: Analyzes corporate governance structures, the role of boards, shareholder rights, and the link between governance and performance.
Articles
95 Documents
<![CDATA[The Effect of ESG Score, Dividend Policy, and Profitability on Cumulative Abnormal Return: A Study of Companies in The SRI-KEHATI Index ]]>
<![CDATA[Reza Saputra]]>;
<![CDATA[Ranila Suciati Suciati]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 10 No. 1 (2026): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/4148qw30
<![CDATA[This study aims to analyze the effect of ESG score, dividend policy, and profitability on Cumulative Abnormal Return (CAR) in companies included in the SRI-KEHATI Index on the Indonesia Stock Exchange for the 2020–2024 period. The research population consists of all issuers in the SRI-KEHATI Index, with a final sample of 94 observations from 30 companies that consistently have ESG score in Refinitiv. Data were obtained through documentation of annual reports and financial statements downloaded from the official websites of the Indonesia Stock Exchange and the respective issuers, supporting financial data from EMIS, and ESG score data from the Refinitiv database, which were then quantitatively analyzed using panel data regression and event study with the assistance of Microsoft Excel 2019 and E-Views 12. The results show that the Environmental Score and Governance Score have a positive and significant effect on CAR, while the Social Score and Dividend Payout Ratio have a negative and significant effect. Profitability measured by ROA does not have a significant effect on CAR, whereas ROE has a positive and significant effect. In addition, the event study results indicate the presence of abnormal returns around the announcement period of the SRI-KEHATI Index composition, which is conducted twice a year, confirming that the market perceives information related to this sustainability index as valuable signals in investment decision-making.]]>
<![CDATA[The Role of Sanctions In The Age of Social Media: Tax Compliance: Case Study of Student of the Faculty of Economics, Mercu Buana University ]]>
<![CDATA[Nun Syaroni]]>;
<![CDATA[Lucky Nugroho]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 10 No. 1 (2026): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/zcfsx737
<![CDATA[This study aims to analyze the influence of tax knowledge, fiscal service quality, tax sanctions, and tax information on social media on the tax compliance of Generation Z of employee class students of Mercu Buana University (UMB) Faculty of Economics & Business. This quantitative research used a five-scale Likert questionnaire to 100 Gen Z respondents who worked and were regular students of 2 UMB. Data were processed by multiple linear regression using SPSS 26. The results of the study show that tax sanctions have a positive and significant effect on tax compliance, while tax knowledge, fiscal service quality, and information on social media have a positive/negative but insignificant effect. These findings indicate that for Gen Z of the working class, tax compliance is driven more by the perception of sanction risk than by the aspect of knowledge and quality of service. This research provides implications for tax authorities and universities to design educational strategies that are not only informative, but also touch on psychological and behavioral factors.]]>
<![CDATA[Analysis of Stock Return Determinants in Manufacturing Companies Consistently in LQ45 Index 2018–2024 ]]>
<![CDATA[popi dwiyanti]]>;
<![CDATA[Ranila Suciati]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 10 No. 1 (2026): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/88efyy14
<![CDATA[This study aims to examine the effect of firm value, profitability, and systematic risk on stock returns of manufacturing firms consistently included in the LQ45 index on the Indonesia Stock Exchange during 2018–2024. This study employs a quantitative approach using panel data regression analysis. The sample consists of 14 firms selected based on purposive sampling criteria. Firm value is measured by Price to Book Value (PBV), profitability by Return on Equity (ROE), and systematic risk is measured by beta, estimated from monthly stock returns, with market returns proxied by the IHSG. The results indicate that firm value has a positive and significant effect on stock returns, suggesting that higher market valuation reflects stronger investor confidence. In contrast, profitability and systematic risk do not have a significant effect on stock returns. The insignificance of ROE indicates that investors may not rely solely on profitability indicators, while the insignificance of beta suggests that systematic risk may not be a primary consideration in this sample. Overall, the findings provide limited but specific empirical evidence regarding stock return determinants in manufacturing firms within the LQ45 index during the 2018–2024 period.]]>
<![CDATA[Conflict OF Interest Prevention Policy As a Part Of Governance Performance At Sustainability Report: STUDY CASE AT PT ADMR Tbk. ]]>
<![CDATA[Innayati Diah]]>;
<![CDATA[Agung Firman Sampurna]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 10 No. 1 (2026): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/7cba2w77
<![CDATA[The challenge of corporate governance integrity in emerging markets often boils down to the gap between written policy and practice on the ground. This study aims to analyze the conflict-of-interest prevention policy at PT Adaro Minerals Indonesia Tbk (ADMR) and how these policies are positioned in the Governance dimension in the 2024 ESG sustainability report. Using a descriptive qualitative approach through document analysis methods, this study evaluates the Charter of the Board of Directors, the Charter of the Board of Commissioners, the Charter of the Audit Committee, and the Company's Code of Ethics through the lens of agency theory, COSO's internal control framework, and legitimacy theory. The findings of the study show that ADMR has built a comprehensive layered policy architecture by integrating the values as the foundation of the control environment. This policy effectively operationalized agency alignment mechanisms—such as the obligation to disclose shareholding and the revocation of voting rights in affiliate transactions—that contributed to the company's high ESG score on the Indonesia Stock Exchange (IDX). However, the study also found implementation vulnerabilities in conglomerate structures, particularly in affiliate transactions that could potentially evade independent shareholder oversight through regulatory thresholds. The study concluded that although robust formal policies are able to improve the image of legitimacy and governance performance, their true effectiveness still depends on the consistency of law enforcement and the independence of oversight to mitigate governance failure.]]>
<![CDATA[The Impact of AI-Driven Performance Systems on Employee Performance and Turnover: The Moderating Role of Organizational Culture ]]>
<![CDATA[Lidya Christine Wattileo]]>;
<![CDATA[Dheny Biantara]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 10 No. 1 (2026): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/8qwfj772
<![CDATA[This study investigates the impact of AI-driven performance management systems on employee performance and turnover intention, and examines the moderating role of organizational culture. As organizations increasingly adopt AI and algorithmic management for performance evaluation, understanding employee reactions is critical. This research addresses how these systems influence employee performance and their intention to leave and whether organizational culture can mitigate or amplify these effects. An AI-driven performance system is an artificial intelligence – powered performance measurement system. Although AI is used for decision-making within the system, it remains under human oversight. Employing a quantitative, cross-sectional survey design, data were collected from 200 employees with experience in using AI-driven performance systems. The data were analyzed using Structural Equation Modeling (SEM) to test the proposed hypotheses. The findings revealed that AI-driven performance systems have a significant direct impact on both employee performance and turnover intention. Furthermore, this study confirms the significant moderating role of organizational culture. A supportive organizational culture was found to enhance the positive effects of the AI system on performance, while buffering the negative impact on turnover intention. In conclusion, the effectiveness and acceptance of AI-driven performance systems are not absolute and are significantly influenced by prevailing organizational culture. This suggests that, for the successful implementation of new technologies, organizations must cultivate a culture of trust and transparency to maximize benefits and minimize negative employee outcomes. This study extends the application of Social Exchange Theory to the context of AI in the workplace, providing valuable insights for both theory and practice.]]>
