Journal of Accounting and Investment
JAI receives rigorous articles that have not been offered for publication elsewhere. JAI focuses on the issue related to accounting and investments that are relevant for the development of theory and practices of accounting in Indonesia and southeast asia especially. Therefore, JAI accepts the articles from Indonesia authors and other countries. JAI covered various of research approach, namely: quantitative, qualitative and mixed method.
Articles
40 Documents
Search results for
, issue
"Vol. 25 No. 3: September 2024"
:
40 Documents
clear
<![CDATA[Bankruptcy prediction indicators approach: A tool for measuring steinhoff’s risk ]]>
<![CDATA[Cassim, Ronel Juliana']]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.19578
<![CDATA[Research aims: The objective of this article is to ascertain whether Steinhoff International Holdings could have successfully employed the Bankruptcy Prediction Indicators Approach model as an instrument for measuring business continuity risk prior to its significant share price fall in 2012.Design/Methodology/Approach: The study utilized a qualitative research design and document analysis approach to examine Steinhoff International Holdings' financial data from 2012-2021, using the Integrated Real-time Equity System (IRESS BFA McGregor) and the Bankruptcy Prediction Indicators Approach. In MS Excel, quantile values were determined by dividing the probability distribution into equal segments.Research findings: The findings of the analysis revealed that the Bankruptcy Prediction Indicators Approach was used to identify Steinhoff International Holdings' business continuity risk in 2012, demonstrating its usefulness in measuring risk and providing investigative tools for management amid COVID-19 challenges. It has been determined that ROE is the primary indicator with the highest predictive power of all the indicators.Theoretical contribution/Originality: This article adds to the body of knowledge on business continuity risk, and practitioners can use the findings to incorporate the Bankruptcy Prediction Indicators Approach into their annual reporting.Research limitation/Implication: The limitation consists of the sample from a single retail company listed on the Johannesburg Stock Exchange, and the published annual reports were the primary source of information for the analysis and measurement.]]>
<![CDATA[Investigating the influence of monetary policy on the balance sheet performance of commercial banks ]]>
<![CDATA[Kalua, Denis]]>;
<![CDATA[Lipunga, Andrew Munthopa]]>;
<![CDATA[Banda, Fredrick]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21052
<![CDATA[Research aims: The study investigates the influence of monetary policy on the balance sheet performance of commercial banks in Malawi.Design/Methodology/Approach: The study employed an explanatory research design using time series data obtained from financial reports of commercial banks and economic reports published by the Reserve Bank of Malawi from 2012 to 2022. Regression analyses were conducted to establish the influence of monetary policy on balance sheet performance (loan and overdraft growth).Research findings: The results suggest that the monetary policy instruments, namely, the liquidity reserve requirement (LRR), Lombard rate, policy rate, and open market operations, have insignificant influence on the loan and overdraft growth in commercial banks in Malawi.Theoretical contribution/Originality: This implies that these monetary policy tools are not the exterior determinants of the balance sheet performance of commercial banks in Malawi.Research limitation: The study used a single measure of the balance sheet performance of commercial banks.]]>
<![CDATA[Testing the audit quality of female audit partners: Empirical findings from Thailand ]]>
<![CDATA[Hadisurja, Andrea Chrysanti]]>;
<![CDATA[Herusetya, Antonius]]>;
<![CDATA[Purba, Golrida Karyawati]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21413
<![CDATA[Research aims: The annual increase in the number of female auditors in partner positions has been particularly pronounced in Southeast Asian countries, with Thailand being a notable example. This study, thus, investigates the quality of female audit partners compared to male audit partners in terms of how clients manage earnings.Design/Methodology/Approach: The researchers hand-collected gender data of audit partners from the audit reports of all listed firms on the Stock Exchange of Thailand and obtained 424 firm-year observations. The researchers applied two models to test the hypotheses, using cross-sectional time-series OLS and logistic regression data analyses. The researchers also performed additional analyses and robustness checks to support the main tests.Research findings: The study revealed no substantial disparity in the female and male auditors’ quality at the partner levels, as measured by accrual earnings management and earnings distribution approaches. The findings indicate that female and male audit partners have similar audit quality in preventing earnings management and earnings benchmark likelihood. The study adds to the existing research in East (Southeast) Asia, showing that female partners in these countries have audit quality that is at least comparable to male partners.Theoretical contribution/Originality: The researchers extend prior studies on the behavior distinction in audit quality of the auditor gender at the partner level, which is under-researched in Southeast Asia.Practitioner/Policy implication: The study has important implications for stakeholders and standard-setters to keep strengthening female leadership in the auditing industry and promoting higher gender parity in the growing industry of the future.]]>
<![CDATA[The puzzle of money laundering: a literature review of regulations and implications ]]>
<![CDATA[Anjani, Arina]]>;
<![CDATA[Widiastuti, Harjanti]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21492
<![CDATA[Research aims: This study intends to investigate how Anti-money laundering (AML) regulations work and assess their effectiveness on a global level. Additionally, it also consigns to explain how technology has been adopted to prevent and treat money laundering.Design/Methodology/Approach: This study employed a systematic literature review method. The data, encompassing 63 reviewed articles, were derived from the Scopus database. This research underwent three phases: extraction, analysis, and synthesis process.Research findings: Archival emerged as the predominant method applied in the reviewed articles. These articles significantly impacted the effectiveness of AML regulations and the preparedness of all entities to put them into practice. However, in addition to the positive effects of AML, there existed adverse effects and risks. Accordingly, the utilization of technology could lessen negative impacts.Theoretical contribution/Originality: Notwithstanding the significance of worldwide AML regulations, there existed a lack of literary research on compliance and technological trends. The findings of this study are expected to impact policymakers, practitioners, and the public on the enhancements to the AML system and the augmentation of global security.Practitioner/Policy implication: Banks and other financial institutions implemented AML to prevent money laundering.Research limitation/Implication: This study focused solely on the effectiveness of AML, compliance with AML regulations, challenges, and the application of technology in AML.]]>
<![CDATA[Macroeconomic determinants of responsible investments’ performance under different market conditions: Evidence from South Africa ]]>
<![CDATA[Moodley, Fabian]]>;
<![CDATA[Lawrence, Babatunde]]>;
<![CDATA[Kunjal, Damien]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21616
<![CDATA[Research aims: The study examines the effect of macroeconomic variables on JSE responsible investments returns under changing market conditions.Design/Methodology/Approach: The study implemented a sample period comprising monthly data for the period 2015/11 to 2023/03. The dependent variable of the study comprised of JSE responsible investing indices whereas the independent variables consisted of macroeconomic variables. The study also implemented a two-state Markov regime-switching model to cater to the asymmetrical effect between the dependent and independent variable.Research findings: The JSE responsible investment index returns were found to be significantly positively affected by short-term interest growth rates in a bull regime and significantly negatively in a bear regime. The JSE responsible investment top 30 index returns were significantly negatively affected by the money supply growth rate in a bull regime but not in a bear regime. Moreover, the JSE responsible investment index returns contained alternating efficiencies. Theoretical contribution/Originality: The study is the first to consider the effect of macroeconomic variables on the performance of responsible investments under different market conditions in South Africa. Consequently, the study sheds light on responsible investing in emerging markets where research is limited.Practitioner/Policy implication: Portfolio rebalancing is necessary when equity markets are bullish or bearish. Moreover, policymakers should reconsider market regulations, such that the equity market is adaptive and not efficient. Research limitation/Implication: The study focused on six macroeconomic variables, where this does not affect the robustness of the study. More macroeconomic variables can be used in future research.]]>
<![CDATA[Mobile banking acceptance model for Generation Z: The role of trust, self-efficacy, and enjoyment ]]>
<![CDATA[Fitriati, Azmi]]>;
<![CDATA[Tubastuvi, Naelati]]>;
<![CDATA[Mudjiyanti, Rina]]>;
<![CDATA[Wahyuni, Sri]]>;
<![CDATA[Ibarra, Venus C.]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21639
<![CDATA[Research aims: This research aims to develop a model that explains m-banking acceptance behavior, especially for Generation Z, which is driven by perceptions of trust, self-efficacy, and enjoyment.Design/Methodology/Approach: The population was Generation Z as users of m-banking in Indonesia. The data collection instrument employed a questionnaire. The analysis technique used was component or variance-based Structural Equation Modeling (SEM) utilizing Partial Least Square (PLS)Research findings: The results showcased that trust, self-efficacy, and enjoyment influenced perceived usefulness and ease of use. These perceptions influenced attitudes, intentions to use, and use of m-banking. Generation Z m-banking users believe that potential risks could be resolved effectively and efficiently. They have high confidence that they will be able to overcome problems.Theoretical contribution/Originality: This research has succeeded in developing TAM by adding trust, self-efficacy, and enjoyment. Generation Z users prioritize not only ease of use but also the usability and advantages of application services. Those who have self-confidence will choose services that offer security and comfort. Applications that receive a positive response from their users will encourage their use.Research limitation/Implication: The results of previous research still contain gaps regarding the role of research variables. Therefore, it is necessary to study in more depth the m-banking acceptance model of Generation Z.]]>
<![CDATA[Reducing budgetary slack through government internal control system: insights from structural equation modelling and artificial neural network approach ]]>
<![CDATA[Fitriyani, Fara]]>;
<![CDATA[Ratmono, Dwi]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21810
<![CDATA[Research aims: This study investigates the important role of Government Internal Control System (GICS) elements in reducing budgetary slack in Public Higher Education Institutions (HEIs).Design/Methodology/Approach: Partial Least Squares Structural Equation Modelling (PLS-SEM) and Artificial Neural Network (ANN) were used to test the significance and strength of the relationship between GICS and budgetary slack. Survey data was collected from managers of Public HEIs in Indonesia. Statistical analysis was conducted using WarpPLS 8.0 for PLS-SEM, while ANN was implemented using SPSS.Research findings: Government Internal Control Systems are effective in reducing budgetary slack. However, the relationship between elements of ICS and budgetary slack is not always linear and can be influenced by interactions between elements.Theoretical contribution/Originality: This study contributes to the literature on management accounting by providing insights into a more complex process that explains the vital role of effective implementation of GICS in Public HEIs in reducing budgetary slack in the budgeting process.Practitioner/Policy implication: This study demonstrates that the Government's Internal Control System effectively reduces budgetary slack in Higher Education Institutions. Therefore, practitioners should strengthen GICS implementation, particularly focusing on the control of the environment and recognizing the complex interplay between GICS elements. Furthermore, policymakers should prioritize strengthening regulations and oversight, encouraging innovation, and integrating GICS with other systems to enhance accountability and resource allocation.Research limitation/Implication: Collecting data through questionnaires may lead to common method bias. This can be mitigated by the implementation of a longitudinal design and the collection of data at a number of points in time.]]>
<![CDATA[The impact of audit committee effectiveness on the relationship between company performance and readability of disclosures: a laboratory experiment ]]>
<![CDATA[Munandar, Agus]]>;
<![CDATA[Kadlina, Kadlina]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21884
<![CDATA[Research aims: This paper investigated the impact of audit committees on the relationship between company performance and disclosure readiness.Design/Methodology/Approach: Some research suggested that poorly performing companies often present their performance positively but use complex, less accessible language. This can be detrimental to market participants. The study explored the moderating role of audit committees in this relationship using a laboratory experiment. Participants, including employed students, were placed in scenarios with varying company performance and audit committee effectiveness and tasked with simulating financial disclosures.Research findings: The findings revealed that effective audit committees enhance disclosure readability and significantly moderate the relationship between company performance and disclosure readability. High-performing companies tend to use simpler language, while poorly performing companies often employ complex language to obscure their performance.Theoretical contribution/Originality: This research contributes to the literature by highlighting the role of audit committee effectiveness in ensuring transparent and clear financial disclosures. It extends previous findings by emphasizing different disclosure strategies based on performance and the critical role of audit committees in curbing obfuscation by underperforming firms.Practitioner/Policy implication: The results underscored the importance of audit committee effectiveness in improving corporate governance and maintaining investor trust. Policymakers should promote audit committee independence and expertise to ensure higher standards of disclosureResearch limitation/Implication: The study's use of employed students limits generalizability to professional accountants. Nonetheless, it provides valuable insights into the influence of audit committees on disclosure readability, offering a basis for future research.]]>
<![CDATA[Carbon emissions disclosure: an overview of research in Indonesia ]]>
<![CDATA[Nilasakti, Afifah Oki]]>;
<![CDATA[Aryani, Y Anni]]>;
<![CDATA[Setiawan, Doddy]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21913
<![CDATA[Research aims: This research aims to find out the research’s development of carbon emissions disclosure topic in the Indonesia context.Design/Methodology/Approach: The method employed was charting the fields by Hesford et al. (2006) on some articles indexed by Sinta 2 and 3, as well as Scopus with research based in Indonesia. The articles were selected by criteria, obtaining 60 articles for further analysis.Research findings: The literature study’s results showcase that the carbon emission disclosure research trend in Indonesia has increased in the last five years. This trend was reviewed deeply through further discussions in terms of its factors influencing and consequences, theories and samples used. The major factors influencing carbon emission disclosure are profitability, firm size, and leverage. Moreover, carbon emission disclosure also affects firm value. Theoretical contribution/Originality: This study provides knowledge regarding existing carbon emission disclosures and opportunities for further research agenda, especially on empirical research.]]>
<![CDATA[Moderation testing of dysfunctional audit behavior: internal auditor factors on audit quality ]]>
<![CDATA[Yulianti, Yulianti]]>;
<![CDATA[Saifudin, Saifudin]]>;
<![CDATA[Sari, Ratna Novita]]>
<![CDATA[ Journal of Accounting and Investment Vol. 25 No. 3: September 2024 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
DOI: 10.18196/jai.v25i3.21944
<![CDATA[Research aims: The objective of this study is to examine the impact of auditor ethics, auditor professionalism, and dysfunctional audit behavior on the quality of audits, considering dysfunctional audit behavior as a potential moderating factor.Design/Methodology/Approach: The research utilized a sample of auditors from public accounting firms across Java, employing convenience sampling through smartPLS 3 software, with a total of 256 auditors participating. Research findings: The findings revealed that both auditor ethics and professionalism positively contribute to audit quality. In contrast, dysfunctional audit behavior shows no significant effect on audit quality, nor does it moderate the beneficial effects of auditor ethics and professionalism on audit quality. These results underscore the significance of auditor ethics and professionalism in enhancing the quality of financial report audits.Theoretical contribution/ Originality: The research outlined herein seeks to explore the impact of auditor ethics and professionalism on audit quality, considering the potential moderating effect of dysfunctional audit behavior.Practitioner/Policy implication: The study's implications are straightforward: Auditor ethics and professionalism are vital for the production of high-quality financial statement audits.Research limitation/Implication: While dysfunctional audit behavior appears to have no significant effect, it remains crucial for public accounting firms to monitor such behaviors. As a result, there is a need for public accounting firms to prioritize ongoing professional education to uphold and reinforce the standards of ethics and professionalism among auditors.]]>
