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INDONESIA
Journal of Applied Finance & Accounting
Published by Universitas Bina Nusantara
ISSN : 19796862     EISSN : 27466019     DOI : 10.21512/jafa.v7i2.6378
Core Subject : Economy,
Economics, Econometrics & Finance
Journal of Applied Finance & Accounting (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also published. Articles in the journal may examine significant research questions from a broad range of perspectives including economics, sustainability, organizational studies and other theories related to accounting and finance phenomena. JAFA is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments and banking.
Arjuna Subject : Bisnis, Menejemen, dan Akutansi (semua kategori) - Akuntansi
Articles 131 Documents
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FACTORS AFFECTING FINANCIAL PERFORMANCE COMPANY: STUDY FOR BISNIS27 LISTED COMPANY AT INDONESIA STOCK EXCHANGE Vita Marina, Diana; Winoto, Agustinus
Journal of Applied Finance and Accounting Vol. 11 No. 1 (2024): Publish on June 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i1.11590

Abstract

The research objective is to measure whether company size, industry sensitivity, government ownership, liquidity and company age affect the financial performance of company that listed in Index BISNIS-27 between year 2021-2023. Data that use is secondary data and purposive sampling method. Data collected from list of company Index BISNIS-27 that listed on Indonesia Stock Exchange and consistently listed between 2021-2023. Index BISNIS-27 is an index that evaluated by the price performance from 27 shares that determined by the Indonesian Business Index Committee (idx.co.id). The data collected were processed using SmartPLS 4. From the analysis results liquidity (current ratio) has p values 0.044 (less than 0.05) and company size has p values 0.025 (less than 0.05). Meanwhile, the industry sensitivity has p values 0.158 (more than 0.05), government ownership has p values 0.392 (more than 0.05), and company age has p values 0.145 (more than 0.05). The research concludes that liquidity (current ratio), and company size positively and significantly affect on a company financial performance. Meanwhile, the industry sensitivity, government ownership, and company age positively and insignificantly affect on a company financial performance.
EXPLORING FACTORS AFFECTING FRAUDULENT FINANCIAL REPORTING USING PENTAGON THEORY Santoso, Kenny; Marlinah, Aan
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.11935

Abstract

This research aims to prove empirical evidence of the influence of fraudulent financial reporting factors with the fraud pentagon model approach, such as Pressure (financial targets, financial stability, external pressure), Opportunity (ineffective monitoring, nature of industry), Rationality (the change of auditors), Capability (change of directors) and Arrogance (the number of CEO’s picture) on fraudulent financial reporting. The sample method of this study used purposive sampling method and produces 213 data or 71 manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2021. The data has been obtained then analyzed using the multiple regression method.. The results of this study prove that external pressure and change of directors has effect on fraudulent financial reporting, while financial targets, financial stability, ineffective monitoring, nature of industry, the change of auditors (KAP), and the number of CEO’s picture have no influence on fraudulent financial reporting. The results of this study have implications for the theory of fraudulent financial reporting by investigating fraud indicators in CrowI's fraud theory or strengthening the Pentagon Fraud Theory. Practical implications, this study has significant implications for auditors, regulators, creditors and shareholders. The findings indicate that external pressure (leverage) and capability (change of directors) can be used to detect fraud in financial statements.
THE ROLE OF POLITICAL CONNECTIONS IN MODERATING THE EFFECT OF BOARD DIVERSITY ON FINANCIAL DISTRESS Prihatiningtias, Yeney Widya; Adiwicaksana, Surya
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.12271

Abstract

This research aims to examine the role of political connection in moderating the effect of board gender diversity and board size on financial distress. A sample of 46 banking companies listed in Indonesia Stock Exchange between during the 2021-2023 period was selected using a purposive sampling method. Panel data regression were used for data analysis. The results of the research exhibit that board of commissioner gender diversity has no effect on financial distress; board of director gender diversity has a positive effect on financial distress; and board size has a negative effect on financial distress. Political connections cannot moderate the effect of gender diversity, but can moderate the negative effect of gender diversity and the positive effect of board size on financial distress. This finding, as such, can provide insights for corporate management and regulators to determine the most effective corporate board design to improve the companies financial performance and avoid financial distress. Keywords: Board diversity; board size; corporate governance; political connection; financial distress
EXAMINING BOARD CHARACTERISTICS AND INTEGRATED REPORTING QUALITY: INSIGHT FROM ESG-FOCUSED FIRMS IN INDONESIA Butar-butar, Dea Tiara Monalisa; Pangestu, Krisnawati Yeni; Itan, Iskandar
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.12426

Abstract

This research aims to look at Indonesian firms and see whether there's a connection between board traits and the quality of their integrated reporting. This study analyzes 52 listed firms from the environmental, social, and governance (ESG) index between 2019 and 2022 using linear regression with panel data to test its assumptions. The data was acquired from annual reports of Indonesian corporations. The acquired empirical data clearly shows that gender diversity appears to significantly improve the integrated reporting quality. Also noteworthy is that board size, independence, and CEO duality are not significantly related. This study has several practical implications in addition to its theoretical implications. Managers, shareholders, and policymakers should take note of these findings, as they are particularly relevant. Therefore, stakeholders should evaluate the precision of disclosure when deciding on the best reporting approach. A more accurate assessment of risk, less stock volatility, more long-term value for shareholders, and an improved company reputation are all outcomes of this. Corporate social responsibility and sustainability literature is lacking, which this article seeks to remedy. It fills a gap in the literature by providing more information about ESG company-specific integrated reporting and corporate governance. This study has important implications for professionals and practitioners who want to raise the bar on the quality of their integrated reports.
A BIBLIOMETRIC ANALYSIS OF BOARD DIVERSITY: RESEARCH TRENDS, CHALLENGES, AND FUTURE DIRECTIONS Christiani, Desi; Widuri, Rindang
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.12458

Abstract

Board diversity has become a central issue in corporate governance, with growing recognition of its potential benefits for organizational performance, decision-making, and stakeholder engagement. This paper explores the concept of board diversity, examining various dimensions such as gender, ethnicity, age, and professional background. This study examines the evolution of board diversity, significant trends, and research gaps in current literature through bibliometric analysis. This study employs bibliometric analysis to identify the key areas of research, countries, languages, starting years, top journals, and prolific authors in board diversity. Using (Scopus.Com, n.d.) as the data source, 832 records published between 2016 and 2024 with the keyword "Board Diversity" were analyzed. This research utilized The VOS Viewer software for data analysis. This study implies that the bibliometric analysis highlights essential research gaps and trends, provides a thorough picture of the topic, and points out areas that need more investigation, especially the relationship between corporate success, sustainability, and board diversity. This can direct future studies and give academics and professionals a greater understanding of the strategic value of diverse boards. The results also highlight the regional distribution of research, identifying unexplored areas that can profit from targeted investigations. Ultimately, this study is a valuable tool for anyone wishing to learn more about the changing dynamics of board diversity and how it broadly affects corporate governance.
DETERMINANT FACTORS OF FINANCIAL REPORTING QUALITY IN LOCAL GOVERNMENT: THE EVIDENCE FROM PUBLIC SECTOR IN INDONESIA Prawati, Levana Dhia; Murwaningsari, Etty
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.12469

Abstract

This study aims to examine the effects of spending plan composition elements, regional wealth, local government features, and the characteristics of regional government leaders on the quality of local government financial reports in Indonesia, as well as the moderating effect of financial performance. The research utilized Multinomial Logistic Regression with Pooled Data for hypothesis testing. This analysis draws on 1089 Regional Government Financial Reports from around Indonesia in 2021-2023.We utilize the audit opinion type as an indicator of reporting quality, where an unqualified opinion signifies the highest level of quality, and a disclaimer of opinion indicates the lowest quality. Two ratios were developed based on the financial budget by local government to measure financial performance, which are the Routine Ability Index Ratio (RAIR) and Budget Effectiveness Ratio (BER). The findings of this study, the regional wealth factor, and the proficiency of regional government officials affect the quality of regional financial reporting (FRQ). This research has implications for central government policies in examining the quality of regional financial reporting. The first implication of this study reveals that the wealthier a regional government is, the higher the quality of its financial reporting tends to be. Second, a leader’s years of experience in governing a region influence the quality of his regional financial report.  This implies a longer leadership period influences better performance.
EXPLORING THE FACTORS THAT INFLUENCE INDONESIAN AUDITORS' INTENTION TO USE BIG DATA ANALYTICS: APPLICATION OF THE UTAUT MODEL WITH PERCEIVED RISK AND TRUST Levi, Chrisrian; Angelus, Michael
Journal of Applied Finance and Accounting Vol. 11 No. 2 (2024): Publish on December 2024
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v11i2.12558

Abstract

The adoption of Big Data Analytics (BDA) in auditing is vital in the fourth industrial revolution era, yet imany auditors in Indonesia hesitate to embrace these tools. This study aims to identify factors influencing Indonesian auditors' intention to use BDA, applying the Unified Theory of Acceptance and Use of Technology (UTAUT) model and including perceived risk and trust variables. Using quantitative approach, questionnaires were distributed via Google Form to 134 auditor respondents in Indonesia, primarily in DKI Jakarta. Data were analyzed using Structural Equation Modeling (SEM) with SmartPLS. Result shows that performance expectancy, effort expectancy, social influence, and trust significantly influence auditors' intention to use BDA, while perceived risk does not significantly affect the intention to use BDA. This study underscores the importance of strengthening auditor trust in technology to enhance BDA adoption, with training and technical support identified as supportive factors to increase auditor comfort and confidence in using BDA in the future, also future research could explore the longitudinal impacts of BDA adoption or extend the study to diverse industries and regions.
INTEGRATION OF NYADRAN VALUES IN SUSTAINABILITY ACCOUNTING BASED ON BARBOUR PERSPECTIVE Junjunan, Mochammad Ilyas; Jannah, Binti Shofiatul; Buchori, Imam
Journal of Applied Finance and Accounting Vol. 12 No. 1 (2025): Publish on June 2025
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v12i1.12946

Abstract

The Nyadran tradition, a Javanese cultural practice rooted in religious and spiritual values, serves as a metaphorical lens to expand the sustainability accounting paradigm. Using Ian G. Barbour's four perspectives framework—conflict, independence, dialogue, and integration—this study adopts a literature review approach to Nyadran analyse how the Nyadran tradition can enrich sustainability accounting. The findings reveal that Nyadran embodies core values such as ecological harmony, social responsibility, and respect for nature, which resonate deeply with the principles of sustainability. The dialogue and integration perspectives play a pivotal role in bridging the apparent gap between the spiritual essence of Nyadran and the quantitative, data-driven nature of sustainability accounting. Narratives embedded within the Nyadran tradition offer profound insights into sustainability practices, adding depth and meaning to sustainability reporting. In turn, sustainability accounting frameworks can empirically highlight the positive impacts of Nyadran cultural practices on environmental and social well-being. The implications of this research extend beyond traditional paradigms, advocating for the inclusion of moral and spiritual dimensions in sustainability accounting. By integrating Nyadran values, the framework adopts a more holistic approach, emphasising not only environmental and economic aspects but also ethical and spiritual considerations. The study’s novelty lies in its innovative combination of cultural narratives with sustainability accounting, paving the way for a more inclusive and meaningful understanding of sustainability in diverse cultural contexts.
A COMPARATIVE ANALYSIS OF PUBLIC SECTOR AUDITING: THE GAMBIA AND INDONESIA Drammeh, Lamin K; Malik, Nazaruddin; Leniwati, Driana
Journal of Applied Finance and Accounting Vol. 12 No. 1 (2025): Publish on June 2025
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v12i1.13316

Abstract

This study offers a comparative analysis of public sector auditing in The Gambia and Indonesia, focusing on how centralised versus decentralised governance structures influence audit effectiveness. A qualitative comparative case study approach was applied, using semi- structured interviews with audit professionals and document analysis of national audit laws, reports, and international standards. Data were analysed thematically to uncover patterns related to political interference, resource limitations, technological constraints and institutional capacity. Key findings indicate that The Gambia’s centralised system suffers from limited audit independence, weak legal protections, and poor documentation practices. In contrast, Indonesia’s decentralised structure results in inconsistent standards, regional technology gaps, and uneven training access. Both countries experience political interference and inadequate professional development, which undermine audit quality. The research contributes to the literature by linking governance structure to audit effectiveness and institutional transparency. It offers practical implications for policymakers, including the need for legal reforms, investment in digital infrastructure, improved public engagement, and standardised training programs. These findings support governance reforms aimed at strengthening accountability and sustainable development in emerging economies.
THE ROLE OF COMPANY SIZE ON THE RELATIONSHIP BETWEEN CORPORATE SOCIAL RESPONSIBILITY, AUDIT QUALITY AND FIRM PERFORMANCE Marsintauli, Frihardina; Murwaningsari , Etty; Husin, Hartini
Journal of Applied Finance and Accounting Vol. 12 No. 1 (2025): Publish on June 2025
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/jafa.v12i1.13317

Abstract

This study explores how company size affects CSR topics and audit quality and how they affect the performance of companies in the industrial and basic materials sectors listed on the Indonesia Stock Exchange from 2018 to 2021. There are 58 basic materials and industrial businesses that meet the sampling requirements, and they are the subjects of this quantitative study. Regression with moderate analysis is used in this study. According to this study, a company's size cannot mitigate the impact of CSR topics and audit quality on profitability. In the meantime, only the CSR topic substantially impacts profitability if audit quality and the CSR theme are only partially handled. The results of this study contribute to the body of literature on trade-off theory, which explains why businesses typically consider the trade-offs associated with a given activity. This study employs an innovative approach to quantifying the audit quality variable, using an index derived from the Indonesian Institute of Certified Public Accountants 2019. It seeks to investigate audit quality using dummy values or metrics used by public accounting firms, as well as the application and operations of these firms in delivering audit services to customers.

Page 12 of 14 | Total Record : 131

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