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
85 Documents
<![CDATA[ARE MANAGER POLICIES ASSOCIATED WITH EARNINGS MANAGEMENT ACTIVITY? ]]>
<![CDATA[Rahmawati, Yuni]]>;
<![CDATA[Prihatin, Bayu Triyo]]>;
<![CDATA[Firmansyah, Amrie]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 7 No. 1 (2023): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/v0qczb41
<![CDATA[The effect of derivative ownership, leverage, and tax avoidance on earnings management isinvestigated in this study. From 2018 to 2021, samples were drawn from manufacturing sectorcompanies listed on the Indonesia Stock Exchange. Based on the purposive sampling technique, thisresearch sample included 72 observations. Multiple linear regression analysis was used to testhypotheses for panel data. The findings of the tests reveal that derivative ownership, leverage, and taxavoidance all have a detrimental impact on earnings management. Earnings management is not carriedout when a corporation has derivative instruments, excessive debt levels, and tax avoidance activities.This report advises that the Financial Services Authority monitor earnings management actions that aredamaging to shareholders' interests.]]>
<![CDATA[THE SOCIAL IMPACT OF MICROFINANCE INSTITUTIONS IN EMPOWERING BOTTOM OF THE PYRAMID GROUPS (BoP) ]]>
<![CDATA[Indriyo, Wahyu]]>;
<![CDATA[Gultom, Jonathan]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 7 No. 1 (2023): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/vfknhm93
<![CDATA[This article aims to analyze the social impact of Koperasi Kasih Indonesia (KKI) as amicrofinance institution (MFI) in terms of the form of benefits received by its members and how tomeasure them. Conventionally the parameters of range expansion (outreach) in disbursing microcreditare widely used to measure the social impact of MFIs. The more extensive reach also indicates thepotential benefits that can be obtained by Microfinance Institutions (MFIs). Therefore, if it is separatefrom the social mission of the MFI, the target reach will only encourage the commercial motive of theMFI. On the other hand, measuring the social impact of MFIs takes work and requires more funding.This paper is a descriptive case study of Koperasi Kasih Indonesia (KKI) that aims to identify thesocial impact of KKI on its members by using Social Impact Causal Chain model. The results foundthat there are two types of social impacts of KKI, quantitatively and qualitatively. These two impactsalso explain the transformation process of KKI members who originally received benefits from KKImore in material form (tangible) to be more immaterial benefits of KKI (intangible). The research alsofound that there are superior KKI factors such as the commitment to the social mission of KKI whichis implemented in service programs innovatively, supported by organizational governance and valuesinstilled in KKI officers and members strongly.]]>
<![CDATA[FACTOR-FACTOR THAT INFLUENCING INDEPENDENCE OF PUBLIC-SECTOR AUDITOR: A LITERATURE REVIEW ]]>
<![CDATA[Doan, Vu Anh]]>;
<![CDATA[Nguyen, Hung Xuan]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 7 No. 1 (2023): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/xkzkct12
<![CDATA[The study of public sector audit is a relatively large, complex, unexplored and underrecognizedfield. Therefore, researchers call for more studies on public sector audit, especially in thecontext of developing countries. This article gives review of academic study pertaining to public-sectorauditors’ independence and factors affecting public-sector auditors’ independence. This literaturereview is implemented based on published papers in 20th century in prestigious journals related topublic sector audit. Firstly, we review and explain definition of independence clearly. Secondly, weorganize our review around three main threats to public-sector auditors’ independence, namely, (a)political manifestos, (b) auditor tenure, and (c) relationship with auditee. For each of the threats, thisstudy discusses the effects of each threat on the public-sector auditors’ independence. Additionally, weconclude that proofs together with recent changes, provides for future study on public-sector auditor’sindependence.]]>
<![CDATA[THE INFLUENCE OF MOTIVATION ON BUDGET GOAL COMMITMENT THROUGH THE LEVEL OF PARTICIPATION IN BUDGETING AS A MEDIATOR ]]>
<![CDATA[Erlandiani, Amanda Yunne]]>;
<![CDATA[Prayogo, Enny]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 7 No. 1 (2023): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/0ekf9a70
<![CDATA[This study aims to investigate and analyze the influence of motivation, consisting of twodimensions, in affecting budget goal commitment through the level of participation in budgeting as amediator. The two dimensions of motivation referred to are intrinsic motivation and controlledextrinsic motivation. Data were collected through survey-based research by distributing questionnairesto lower-level managers in the garment and textile manufacturing sector in Bandung. To analyze dataand test mediation, this study used a structural equation model (SEM) with the alternative partial leastsquares (PLS) method. The results of this study suggest that both intrinsic motivation and controlledextrinsic motivation have a positive effect on the level of participation in budgeting. In addition, thelevel of participation in budgeting mediates the influence of each motivation dimension on budget goalcommitment. Companies can take action to improve budget goal commitment by managing motivationthat will impact the level of participation in budgeting.]]>
<![CDATA[ANALYSIS OF THE COMPANY’ POTENTIAL FINANCIAL LOSS IMPACT OF TRADE RECEIVABLES ]]>
<![CDATA[Biantara, Dheny]]>;
<![CDATA[Lesmana, Iwan]]>;
<![CDATA[Handayani, Sri]]>;
<![CDATA[Setiono, Bambang]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 7 No. 1 (2023): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/bywqrh02
<![CDATA[The problems with receivables faced by the company experienced many obstacles so thatinaccurate recording and technology systems that had not been integrated between units became one ofthe obstacles they faced. This study aims to determine the accounting information system on accountsreceivable which is related to its role in the process of sustainable development of a company. Themethod used in this study is a qualitative - descriptive method. Data collection was carried out byinterview, observation and documentation techniques. Data analysis was carried out by means of datareduction, data representation, and drawing conclusions. The results showed that the accountsreceivable accounting information system procedures at several companies had different characteristicsbut remained the same in terms of the problems faced, especially during the past Covid-19 outbreakwhere many companies, both self-served and government-owned, experienced serious problems in theprocess of collecting their accounts receivable. .Standard operating procedures for accounts receivablethat are clear and separated from existing functions and have a very complete job desk for their parts aswell as well-documented records can expedite the process of information on the condition ofreceivables so that strategic steps can be taken to generate cash inflows for company which willultimately improve the condition of the company's financial performance to be able to continue todevelop sustainably.]]>
<![CDATA[Influence of CSR Transparency and Sustainable Growth on Corporate Economic Performance ]]>
<![CDATA[Machdar, Nera Marinda]]>;
<![CDATA[Oktris, Lin]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 8 No. 2 (2024): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/edxb1w37
<![CDATA[This study aims to analyze the effect of corporate social responsibility (CSR) disclosure and sustainable growth on corporate financial and economic performance. The research population comprises all manufacturing firms listed on the Indonesia Stock Exchange over the period 2012–2017. The sample is selected using a purposive sampling method, involving 102 firms, resulting in a total of 612 firm-year observations. This research utilizes secondary data obtained from the Indonesia Stock Exchange and the Indonesian Capital Market Directory. Multiple regression analysis with panel data is employed to test the developed hypotheses. The findings are as follows: (a) CSR disclosure does not affect economic performance; (b) sustainable growth does not affect economic performance; (c) CSR disclosure negatively affects financial performance; and (d) sustainable growth positively affects financial performance. This study provides new insights by specifically focusing on the manufacturing sector within the Indonesian context. Unlike previous studies that generalized findings across various sectors, this research delves into sector-specific impacts, offering more tailored insights for policymakers and corporate managers in the manufacturing industry. Additionally, the study highlights the differential impacts of CSR and sustainable growth on economic and financial performance, underscoring the complexity and multifaceted nature of these variables.]]>
<![CDATA[Determinasi Debt to Equity Ratio, Quick Ratio, dan Inventory Turnover terhadap Risiko Financial Distress ]]>
<![CDATA[Diaraprilliana]]>;
<![CDATA[Yusuf, Muhammad]]>;
<![CDATA[Gurendrawati, Etty]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 8 No. 2 (2024): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/6wq6zr53
<![CDATA[The main focus of this study is to analyze the impact of Debt to Equity Ratio (DER), Quick Ratio (QR), and Inventory Turnover (ITO) on financial distress in manufacturing companies in the LQ45 index in the period 2020-2023. Financial distress refers to the company's difficulty in meeting its financial obligations. This study uses the financial statements of companies in the LQ45 index for the period under study. Multiple linear regression analysis is applied to test the relationship between DER, QR, and ITO with financial distress. This study found that DER has a negative effect on financial distress, so companies with higher debt ratios tend to be better able to avoid financial distress. Conversely, QR has a positive effect on financial distress, which means that companies with greater liquidity are at greater risk of facing financial distress. Meanwhile, ITO has no significant effect on financial distress]]>
<![CDATA[Do Firm Characteristics Influence Integrated Reporting? ]]>
<![CDATA[Kusumawardani , Natasha Theodora]]>;
<![CDATA[Ulupui, IGK Agung]]>;
<![CDATA[Handarini , Dwi Handarini]]>;
<![CDATA[Sholikah, Badingatus]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 8 No. 2 (2024): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/gy6w8591
<![CDATA[The objective of this study is to examine the influence of the stakeholder pressure, the firm size, and the frequency of audit committee meetings on integrated reporting, all of which serve as the independent variables in this study. In addition, the integrated reporting is used as the dependent variable. The study focuses on the manufacturing industry listed on the Indonesia Stock Exchange during the period of 2017-2019 with 309 samples of data which were selected by using the purposive sampling technique. The results of the multiple linear regression test suggest that the stakeholder pressure and the firm size have a positive influence on integrated reporting, while the frequency of audit committee meetings has no influence on integrated reporting. This indicates that the stakeholders have a major role in the implementation of integrated reporting in companies, and large companies which are categorized based on their total assets can implement better integrated reporting practices. However, the discussion of integrated reporting implementation has not become a priority in the audit committee meetings.]]>
<![CDATA[Preventing Financial Statement Fraud in State-Owned Entreprises: The Strategic Role of the Audit Committee in Moderating Financial Pressure and Corporate Governance ]]>
<![CDATA[Pratiwi, Ajeng]]>;
<![CDATA[Nugroho, Lucky]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 8 No. 2 (2024): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/dv5nqv89
<![CDATA[The financial statement fraud case in Indonesian State-Owned Enterprises (SOEs) raises concerns related to transparency and accountability of corporate governance. This phenomenon indicates a gap between strict regulations and weak supervision implementation. Previous studies have shown inconsistent results related to factors affecting financial statement fraud, so further studies are needed. This study analyzes the influence of return on assets (ROA), independent commissioners, and company size on financial statement fraud, and it evaluates the audit committee's role as a moderation variable. Using panel data regression and Moderated Regression Analysis (MRA), this study processed data from 29 state-owned companies listed on the IDX for 2018–2023. The study results showed that ROA and Company Size positively affected financial statement fraud, while Independent Commissioners had a negative effect. The Audit Committee has been proven to weaken the negative impact of ROA and Company Size and strengthen the influence of Independent Commissioners in reducing fraud. This study expands the application of Agency Theory in the context of SOEs. It emphasizes the importance of strengthening supervision through the Audit Committee and Independent Commissioners to prevent the manipulation of financial statements.]]>
<![CDATA[Analyzing Ethical Practices and Sustainability in Indonesian Real Estate: A Comprehensive Business Study ]]>
<![CDATA[Setiono, Bambang]]>;
<![CDATA[Handayani, Sri]]>;
<![CDATA[Biantara, Dheny]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 8 No. 2 (2024): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
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DOI: 10.36766/jzvk2358
<![CDATA[This study examines the performance of companies in business ethics and sustainability management within Indonesia's real estate industry using the Accounting for Business Ethics and Sustainability (A4BES) framework. Ethical and sustainability leadership is categorized into conventional, follower, transitional, and modern groups based on A4BES scores and stakeholder interest harmonization. Findings reveal no companies classified as followers or modern. On average, companies achieve 16.94% of the maximum A4BES score, or 25.75 out of 152 points. CTRA and DILD are the frontrunners, both scoring 67 (44.08%). DILD demonstrates superior leadership with better stakeholder harmonization: 43.28% for employee interests, 7.46% for customer interests, 13.43% for community interests, and 35.82% for environmental interests. This study provides insights into ethical and sustainability leadership and introduces an outcome-based approach for evaluating firm performance, encouraging the integration of ethical and sustainability decisions into strategic and operational practices.]]>
