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
90 Documents
<![CDATA[Board Characteristics on ESG Performance: Evidence from Indonesia ]]>
<![CDATA[Jovita, Gabriella Alodia]]>;
<![CDATA[Se Tin, Se Tin]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 1 (2025): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/cn7v8a42
<![CDATA[The Environmental, Social, and Governance (ESG) framework has become a growing concern for companies worldwide, including those in emerging markets like Indonesia. Despite its recognized benefits, ESG implementation presents challenges and heavily depends on strategic roles of corporate boards. As ESG practices in Indonesia are still at the early stages, board-level decisions play a critical role in shaping sustainable business direction. Grounded in Resource Dependence Theory and Legitimacy Theory, this study aims to expand the literature on board characteristics by examining the influence of two key variables—composite board and board members’ overseas study background—on ESG performance. The research analyzes data from 23 Indonesian listed companies that consistently disclosed ESG-related information through the Refinitiv Database during the 2021-2023 period. Using multiple regression analysis, the findings reveal that both the presence and independent directors and overseas educational background of board members have a significant positive impact on ESG performance. These results provide valuable insights for companies and regulators in formulating governance strategies to enhance sustainability practices. ]]>
<![CDATA[Tax Avoidance and Corporate Risk: Does CSR Disclosure Make a Difference? ]]>
<![CDATA[Hargiasto, Hartito]]>;
<![CDATA[Firmansyah, Amrie]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 1 (2025): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/0xbcee41
<![CDATA[Companies face various risks when carrying out their daily operational activities. One aspect that can increase this risk is the practice of tax avoidance. This study aims to evaluate the effect of tax avoidance on corporate risk, with corporate social responsibility (CSR) disclosure used as a moderating variable. This study focuses on coal mining companies listed on the Indonesian Stock Exchange from 2021 to 2023. Through the purposive sampling method, 36 observations were obtained as research samples. Data processing was carried out using linear regression to test the established hypotheses. The test results show that tax avoidance positively affects corporate risk, while CSR disclosure has been shown to weaken this relationship significantly. This finding is consistent with agency theory, which states that information asymmetry can encourage management to avoid taxes, and is in line with signaling theory, which emphasizes that CSR disclosure can minimize information asymmetry, thereby increasing investor confidence. Therefore, this study concludes that CSR disclosure can help reduce the risks arising from tax avoidance activities and be a reference for investors in making more appropriate investment decisions.]]>
<![CDATA[An Empirical Analysis of Determinants Influencing Whistleblowing Intention ]]>
<![CDATA[Angela, Stefany Myrna]]>;
<![CDATA[Noviyanti, Suzy]]>;
<![CDATA[Purnamasari, Gisilowati]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 1 (2025): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/tzcfdk04
<![CDATA[This study examines factors influencing the intention to whistleblowing among accounting students as prospective professional accountants. The analyzed factors include understanding professional accounting ethics, Machiavellian traits, and the perceived seriousness of fraud. The research employed a quantitative survey method, with a sample comprising undergraduate accounting students from the Faculty of Economics and Business at Satya Wacana Christian University from the 2021-2023 cohorts. Regression analysis results indicate that understanding professional accounting ethics positively influences whistleblowing intention, whereas Machiavellianism traits show no significant effect. Interestingly, the perceived seriousness of fraud negatively impacts whistleblowing intention, presumably due to fear of greater consequences if serious fraud is not reported. This study underscores the importance of robust professional ethics education and the establishment of a conducive and supportive organizational environment to encourage the courage to report misconduct within the accounting profession.]]>
<![CDATA[Green Tax Reform for SDG 13 ]]>
<![CDATA[Anugrah, Surya]]>;
<![CDATA[Sudiati, Rochma]]>;
<![CDATA[Puspa, Eka Septariana]]>;
<![CDATA[Suyono, Windy Permata]]>;
<![CDATA[Hermawan, Sabo]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 1 (2025): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/edn62g64
<![CDATA[Climate change poses a critical threat to global sustainability, requiring immediate and coordinated policy responses. As part of Sustainable Development Goal 13 (SDG 13), which urges urgent action to combat climate change and its impacts, fiscal instruments such as carbon taxes have emerged as vital tools. This study explores the role of green tax reform—particularly carbon taxation—in supporting the achievement of SDG 13. By analyzing the effectiveness of carbon tax policies in various developing countries, the study highlights how optimized tax systems can both reduce greenhouse gas emissions and generate sustainable public revenues. It also investigates the institutional and economic challenges that hinder effective implementation, especially in emerging economies. The findings suggest that transparent policy design, gradual implementation, and integration with broader environmental and fiscal strategies are key to maximizing the impact of green taxes. This research contributes to the discourse on environmental fiscal reform and offers recommendations for policymakers aiming to align tax systems with climate goals.]]>
<![CDATA[Analysis of The Quality of Business Ethics Strategy And Islamic Business Management Concept of Islamic Private Hospitals ]]>
<![CDATA[Frastuti, Melia]]>;
<![CDATA[Munthazor, Ahmad Widad]]>;
<![CDATA[Zahra, Putri Auliya]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 1 (2025): JUNE ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/8rkwq107
<![CDATA[This study aims to identify the causes of the absence of a Sharia Supervisory Board (DPS) in Islamic hospitals in Pekanbaru city, as well as the presence of unprofessional experts and employees, ineffective hospital staff coordination and inadequate future performance planning. This study used a combined method of quantitative and qualitative data utilizing the Analytic Network Process (ANP) approach. ANP is an analysis method used to make decisions in complex situations, especially when there are interdependencies between various factors. The study found four findings: (1) Future hospital performance planning is fulfilled, (2) Experts and employees are selected professionally with the highest score of 27%. (3) Effective staff coordination score is 26%, (4) forming a Sharia Supervisory Board (SSB) has the lowest score of 20%. This study found that, out of seven Islamic hospitals, only one has a disaster preparedness system (DPS). The director, as the highest-ranking leader, gave the lowest possible score when answering the question about the problems faced by hospitals without a DPS, with a score of 0.099, while experts and regulators gave a score of 0.250. In accordance with DSN MUI No. 107/DSN-MUI/X/2016 concerning Guidelines for Organizing Hospitals Based on Sharia Principles, a sharia hospital must have a DPS to obtain certification. The implementation of DPS is crucial for supervising and resolving problems within hospitals and with stakeholders.]]>
<![CDATA[Determinants of Profitability and DEA Efficiency Analysis of Indonesia’s Cigarette Industry ]]>
<![CDATA[Setiawan, Chandra]]>;
<![CDATA[Angelina, Selly]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/hm4xw139
<![CDATA[Despite high smoking rates and substantial household spending on cigarettes, cigarette sales volume in Indonesia has gradually declined over recent years. Amid these challenging times in the cigarette industry, this research aims to analyze the determinants of profitability and efficiency of cigarette companies in Indonesia from 2019 to 2023. The study uses data from quarterly financial reports of four companies listed on the IDX. In panel data regression analysis, the independent variables include the current ratio (CR), assets turnover (TATO), and debt-to-equity ratio (DER), while the dependent variable is return on assets (ROA). The selected model for panel data regression is the Fixed Effect Model (FEM). The findings reveal that both CR and DER have a significant negative impact on return on assets, while TATO has a significant positive impact on ROA. All the independent variables collectively exert a significant influence on the ROA of cigarette companies. Among these variables, DER has the most significant effect on profitability. These variables explain 51.90% of the variation in ROA. Additionally, the average technical efficiency score of cigarette companies in Indonesia from 2019 to 2023 is 69.0%. Simple regression analysis further shows that the average technical efficiency score significantly and positively influences ROA, accounting for 47.68% of the variation. Overall, these variables explain 99.76% of the variation in ROA. In conclusion, cigarette companies should focus on optimizing asset use and cautiously managing debt levels to attract investors and sustain stable returns even during market fluctuations.]]>
<![CDATA[Corporate Tax Avoidance, Earnings Management and Firm Value: The Moderating Role of ESG Ratings ]]>
<![CDATA[Rivany Janete Eufrosina Fulianto]]>;
<![CDATA[Vita Elisa Fitriana]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/ds7cwq59
<![CDATA[The topic related to firm value has persistently become a main issue among stakeholders, as it involves various factors. This study highly contributes in the literature for examining non-ethical factors involved in company, such as tax avoidance and earnings management. Hence, this study aims to analyze the effect of tax avoidance and earnings management on firm value by considering the role of Environmental, Social, and Governance (ESG) ratings as moderating variables. Further, the data was collected from 36 companies in the energy, property & real estate, basic materials, infrastructure, and manufacturing sub-sectors listed on the Indonesia Stock Exchange (IDX) from 2021 to 2023. The moderated regression analysis was utilized to analyze the data. Surprisingly, neither tax avoidance nor earnings management has a significant impact on company value. However, ESG ratings have a significant negative impact on company value. It indicates that the stakeholders might not be considering ESG as a value-adding factor. Furthermore, ESG was unable to moderate the relationship both tax avoidance and earnings management towards company value. These findings suggest that the integration of ESG still requires broader understanding and acceptance in the Indonesian capital market, as well as the need for a strategic approach in ESG implementation to positively impact firm value.]]>
<![CDATA[The impact of the Digitalization of E-Samsat and Samsat Corner on Improving Administrative Convenience in Motorcycle Tax Collection ]]>
<![CDATA[Ozalia, Elza Rizqy]]>;
<![CDATA[Sahila]]>;
<![CDATA[Rusmida]]>;
<![CDATA[Tobing, Shelly Farida]]>;
<![CDATA[Frastuti, Melia]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/2wz8xg62
<![CDATA[The digitalization of public tax services has become a strategic instrument for improving administrative efficiency and taxpayer convenience. This study examines the impact of e-Samsat digitalization and Samsat Corner services on administrative convenience in motorcycle tax collection at Samsat Palembang 1. Using a quantitative explanatory approach, data were collected from 100 motorcycle taxpayers who utilized both digital and offline service innovations. Multiple regression analysis shows that both e-Samsat and Samsat Corner have a positive and significant effect on administrative convenience, with Samsat Corner demonstrating a stronger influence (β = 0.557) compared to e-Samsat digitalization (β = 0.153). The model explains 31.7% of the variance in administrative convenience, indicating that service innovation plays a substantial, though not exclusive, role in improving tax administration. This study contributes to the existing literature by specifically focusing on two-wheeled motor vehicle taxpayers, a segment that has received limited empirical attention despite its dominance in urban vehicle ownership. Unlike prior studies that primarily assess digital tax systems in general or emphasize taxpayer compliance, this research positions administrative convenience as a key outcome variable from the taxpayer’s perspective. Furthermore, the findings highlight the complementary role of digital and physical service innovations, suggesting that digitalization alone is insufficient without accessible offline service points. These results provide empirical support for integrated public service strategies that combine digital platforms with inclusive, on-site tax services.]]>
<![CDATA[Board Diversity As Moderator of ESG, Earnings Management, And Risk ]]>
<![CDATA[Trescova, Cecilia Elsya]]>;
<![CDATA[Firmansyah, Amrie]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/0p017f84
<![CDATA[This study examines the relationship between Environmental, Social, and Governance (ESG) practices and earnings management, considering firm risk and board gender diversity as moderating variables. The phenomenon arises because ESG adoption in Indonesia has skyrocketed, yet its integration into risk management remains questionable. Earnings management is also widely practiced, but its impact on market perceptions of risk remains unclear. Board diversity is often promoted as a governance mechanism, but remains limited in emerging markets. The research utilizes secondary data from 194 non-financial firms listed on the Indonesia Stock Exchange as of 2023. Hypotheses are tested using multiple regression with robust standard errors. The results indicate that ESG and earnings management do not have a significant impact on firm risk, and board gender diversity does not moderate these relationships. These findings indicate that ESG disclosures remain symbolic, earnings management is not perceived as a risk signal, and board diversity has yet to provide adequate oversight. The study suggests the need for more rigorous ESG enforcement, better integration into corporate strategy, and increased female representation on boards.]]>
<![CDATA[Neurofinance and Investment Decisions in an Emerging Market: The Moderating Role of Financial Literacy ]]>
<![CDATA[Yusuf, Muhammad]]>;
<![CDATA[Naufal, Hanif Afif]]>;
<![CDATA[Syaifullah, Muhammad Yusuf]]>
<![CDATA[ Indonesian Journal of Accounting and Governance Vol. 9 No. 2 (2025): DECEMBER ]]>
Publisher : <![CDATA[School of Accountancy, University of Agung Podomoro ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.36766/hhnba614
<![CDATA[Investment decision-making in financial markets is increasingly recognized as a process shaped by both cognitive and neurobiological factors. While prior behavioral finance studies have extensively examined psychological biases, empirical evidence integrating neurofinance and financial literacy remains limited, particularly in emerging market contexts. This study investigates the influence of neurotransmitter-related traits on investment decisions, with financial literacy examined as a moderating mechanism. Using primary survey data from 412 retail investors in an emerging market, this study applies Partial Least Squares Structural Equation Modeling (PLS-SEM) to test a moderated structural model. Neurotransmitter traits are specified as a higher-order construct capturing reward sensitivity, emotional regulation, vigilance, and stress responsiveness. Financial literacy is modeled as a moderator using a two-stage interaction approach. The findings reveal that neurotransmitter traits exert a positive and statistically significant effect on investment decisions. Financial literacy also demonstrates a direct positive effect on investment decision-making. However, the moderation analysis indicates a negative and significant interaction effect, suggesting that higher levels of financial literacy attenuate the influence of neurobiological traits on investment decisions. This result supports the interpretation of financial literacy as a behavioral buffering mechanism, reducing reliance on instinctive or emotionally driven investment behavior. This study contributes to the behavioral finance and neurofinance literature by providing empirical evidence on the conditional role of financial literacy in shaping investment decisions within an emerging market. The findings offer practical implications for investor education policies and financial market development strategies aimed at fostering more informed and disciplined investment behavior.]]>
