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.
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<![CDATA[Systematic literature review determinants and contribution of restaurant tax to local own-source revenue in Indonesia ]]>
<![CDATA[Karyanto, Karyanto]]>;
<![CDATA[Sofyani, Hafiez]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.22754
<![CDATA[ Research aims: This research aims to explore in general the previous research related to contribution of restaurant taxes in Indonesia to Local Own-Source Revenue (LOSR) and analyze studies from several angles.Design/Methodology/Approach: This research uses a Systematic Literature Review which consists of three stages, namely the collection stage by entering the search keywords "Contribution" and "Restaurant Tax" and "Regional Original Income" in Google Scholar and Scopus from 2014 to 2023. Articles included in research is assessed based on its ranking in the SINTA and Scopus indexes. The presentation stage is looking for research background, methods and findings. After applying a series of criteria, 44 articles were obtained.Research findings: This systematic literature review found that research on restaurant taxes in Indonesia has been active since 2014, most of it published in the journal SINTA 4, while publications in Scopus are still limited. The majority of research was conducted on the island of Java and used quantitative methods, but most did not include specific theories in their analysis. In general, restaurant tax in Indonesia has not provided an optimal contribution to LOSR, most researchers say that one of the determinants of restaurant tax contribution is the lack of taxpayer compliance and awarenessNovelty: The novelty of this research is more generally looking at the contribution of restaurant taxes in Indonesia and systematic literature review research published in the indexed journals Sinta and Scopus has never been found and carried out]]>
<![CDATA[Local Expenditure Financing Response in Regencies and Municipalities in Indonesia (Analysis of the Flypaper Effect Phenomenon) ]]>
<![CDATA[Septianingrum, Nabila Ardyamita]]>;
<![CDATA[Halim, Abdul]]>;
<![CDATA[Utami, Tiyas Puji]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.23983
<![CDATA[Research aims: This research aims to analyze the flypaper effect occurrence on regencies and municipalities in Indonesia considering medium-term expenditure framework and their economic conditions.Design/Methodology/Approach: Quantitative methodology with secondary data from 226 regencies/municipalities in Indonesia was used. The first hypothesis testing was to find whether there was different expenditure mean value and if there was any, hypothesis testing about flypaper occurrence would be performed.Research findings: The results show (1) there was no different capital expenditure mean value because there was a target of capital expenditure set for every local government, therefore flypaper effect occurrence hypothesis testing was not performed and (2) there was different operational expenditure mean value and flypaper effect did not occur in rich local governments, but poor ones.Theoretical contribution/ Originality: This research fills the research gap of flypaper effect occurrence on capital expenditure and operational expenditure based on local governments’ economic conditions. Practitioner/Policy implication: This research implies that intergovernmental transfers should be used accordingly and local governments should increase their local own-source revenue so that they wouldn’t be dependent to the transfers from central government.Research limitation/Implication: The limitations of this study are related to data period (abnormal condition of Covid-19) and statistical data (needed further explanation from primary data).Keywords: Flypaper Effect; Economic Conditions; Local Own-Source Revenue; Local Expenditure; Intergovernmental Transfers]]>
<![CDATA[Enhancing Individual Taxpayer Compliance in Indonesia: Determinants of Using Population Identification Number as Taxpayer Identification Number ]]>
<![CDATA[Margono, Toni Aris]]>;
<![CDATA[Ilmi, Muhammad Bahrul]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.24843
<![CDATA[Research aims: This study aims to empirically examine the direct effect of socialization, sanctions, awareness and knowledge on individual taxpayer compliance in Indonesia. Design/Methodology/Approach: The methodology is a survey utilizing a random sample. The survey comprised 91 individual taxpayers as respondents. This research employs multiple linear regression analysis utilizing SPSS as the analytical instrument.Research findings: The results showed that socialization, sanctions, and awareness positively affected taxpayer compliance. In contrast, knowledge does not influence taxpayer compliance. Theoretical contribution/ Originality: This research provides an understanding of the factors that influence taxpayer compliance. In addition, this research topic is still relatively new in Indonesia.Practitioner/Policy implication: This research can be used to determine the driving factors of individual taxpayer compliance so that it can be used as input and consideration on the rules for using PIN as TIN. Research limitation/Implication: This research can be a source of new ideas on future research topics. Additionally, this research can serve as a guide for utilizing PIN as a TIN to enhance taxpayer compliance.]]>
<![CDATA[Determinants of Financial Reporting Quality: Testing the Status of Local Government as a Moderating Variable ]]>
<![CDATA[Yudhanto, Satrio Kusumo]]>;
<![CDATA[Rahmawati, Evi]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.25426
<![CDATA[Abstract Research Aims: This study aims to examine the effect of capital expenditure and local government size on financial reporting quality, with local government status as a moderating variable in Indonesian local governments. Design/Methodology/Approach: The study was conducted on municipal and district governments in Indonesia, covering 379 districts and 87 municipalities, with a total sample of 466 local governments. Data collection was carried out through documentation, with data sourced from audited financial reports of local governments by the Supreme Audit Board (Badan Pemeriksa Keuangan Daerah). Hypotheses were tested using Moderated Regression Analysis (MRA) with the Eviews 12 software. Research Findings: The results of this study indicate that the variables of capital expenditure and local government size have a significant positive effect on the financial reporting quality of local governments in Indonesia. Furthermore, the local government status variable can moderate the effect of capital expenditure on financial reporting quality, but it cannot moderate the effect of local government size on financial reporting quality in Indonesian local governments. Theoretical Contribution/Originality: This study adds local government status as a moderating variable for the relationship between capital expenditure, local government size, and financial reporting quality.]]>
<![CDATA[The role of corporate strategy in transfer pricing: The moderating effect of bonus mechanisms on performance management ]]>
<![CDATA[Mardjono, Enny Susilowati]]>;
<![CDATA[Yang, Yi-Fang]]>;
<![CDATA[Nehayati, Nela]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.25750
<![CDATA[Research aims: This study seeks to prove empirical evidence regarding the moderating effect of bonus mechanisms on fiscal optimization and tunnelling incentives on the Transfer Pricing relationship.Design/Methodology/Approach: The study uses a quantitative approach with a hypothesis-testing design. The data used is natural resource sector companies listed on the Indonesian Stock Exchange (IDX) in the 2021 – 2023 period. The final sample consists of 152 observations that meet the selection criteria.Research findings: The results showed that the Tunneling Incentive has an influence on Transfer Pricing, and Fiscal Optimization does not influence Transfer Pricing. The Bonus Mechanism does not strengthen the Effect of the Tunneling Incentive on Transfer Pricing. The Bonus Mechanism enhances the effect of fiscal optimization on transfer pricing. This research shows that the ownership factor (Tunneling Incentive) plays an important role in Transfer Pricing decisions rather than Tax strategy (Fiscal Optimization). In addition, the Bonus Mechanism moderate the relationship between Fiscal Optimization and Transfer Pricing. However, the Bonus Mechanism does not moderate the relationship between Tunneling Incentive and Transfer pricing. Theoretical contribution/ Originality: The originality of this research is based on the moderating results of the bonus mechanism, which strengthens the effect of Fiscal Optimization on transfer pricing compared to previous studies.Practitioner/Policy implications: The practical implications of this study suggest that companies need to be more transparent in Transfer Pricing policies, regulators should increase supervision against Tunneling practices, and investors and auditors should be more wary of companies with concentrated ownership structures.Research limitations/Implications: The limitation of this research is the research scope, which is just in the resource sector used in this research. The study does not account for potential changes in tax regulations or corporate governance laws that could impact the results over time.]]>
<![CDATA[Risk management committee and firm performance: The moderating effect of political connection ]]>
<![CDATA[Afrizal, Faris]]>;
<![CDATA[Oktavendi, Tri Wahyu]]>;
<![CDATA[Irawan, Dwi]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.20082
<![CDATA[Research aims: This study seeks to prove empirical evidence regarding the moderating effect of political connection to risk committee and firm performance relationship.Design/Methodology/Approach: The method used in this research uses a quantitative approach. The data used is financial companies registered on the Indonesian Stock Exchange (IDX) in the 2019 – 2021 period. The data used and meets the criteria is 129 data.Research findings: The research results show that the size of the risk management committee has an influence on firm performance. The large number of risk management committee members helps companies assess potential risks early. Political connections weaken the relationship between the risk management committee and firm performance. Theoretical contribution/ Originality: The originality of this research is based on the moderating results of political connections which provide a weakening effect compared to previous studies. Practitioner/Policy implications: For practitioners and companies, they can consider it in decision making before having a board of directors join politicsResearch limitations/Implications: Limitation of this research is research scope just in financial sector and only risk committee size used in this research.]]>
<![CDATA[Do financial signals matter? The influence of profitability, stock price, and dividend policy on investment decisions in Indonesian manufacturing firms ]]>
<![CDATA[Puspitae, Zeri]]>;
<![CDATA[Zulaika, Tatik]]>;
<![CDATA[Rahmiati, Rahmiati]]>;
<![CDATA[Fransiska, Christina]]>;
<![CDATA[Angela, Leliana Maria]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.20353
<![CDATA[Research aims: This study aims to determine investment decisions made by investors based on the performance of manufacturing companies listed on the Indonesia Stock Exchange in 2018-2021 based on an analysis of the influence of financial ratios.Design/Methodology/Approach: Profitability, stock price, and dividend policy ratios were employed in this analysis. This study employed a quantitative approach and relied on the usage of secondary data sources in the form of yearly reports to compile its findings. This research used a purposive sampling population of manufacturing companies listed on the IDX in 2018-2021.Research findings: The results of this study state that profitability does not affect investment decisions because companies employ profits generated in certain periods for other things, such as paying debts and distributing dividends. While the stock price has a positive and significant effect on investment decisions, the higher the stock price, the higher investor confidence in the company. This applies because the dividend policy is considered by investors, and the company has a responsibility to fulfill its obligations for the funds that investors have invested.Theoretical contribution/ Originality: This research contributes to signal theory, which states that every corporate action related to a company has the potential to produce information content as a signal. Information released as an announcement will give signals to investors to make investment decisions. Investors need information because it paints a picture of the company's history, its current state, and the effect the market crisis is having on its future.Practitioner/Policy implication: This research is expected to be useful as additional information for companies and investors. It canResearch limitation/Implication: For investors, they should pay attention to other aspects of the risk company's performance that are generally disclosed, for example the company's capital structure obtained from debt, the company's ability to pay taxes.]]>
<![CDATA[Transparency and accountability in bribery prevention in village fund governance based on citizenship behavior ]]>
<![CDATA[Arianto, Bambang]]>;
<![CDATA[Oktaviani, Tita]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.20840
<![CDATA[Research aims: This research aims to elaborate on the strategy of transparency and accountability for the prevention of bribery in the management of village funds based on citizenship behavior.Design/Methodology/Approach: This research uses an ethnographic approach with in-depth interview techniques and participatory observation of several village governments in the Serang Banten Regency.Research findings: The results of the research found that strengthening transparency and accountability through digitization channels is one of the effective strategies for preventing bribery in managing village funds. This research also found that strengthening cultural values of cattle breeding and local wisdom can contribute to building awareness for the prevention of bribery practices in managing village funds.Theoretical contribution/ Originality: This research provides a scientific contribution to the prevention of fraudulent practices with the cultural approach of a region.Practitioner/Policy implication: This research can be a reference for various prevention practices for bribery in village fund management.Research limitation/Implication: This research is limited to Serang Banten Regency, which has a different community culture.]]>
<![CDATA[Return connectedness of sectoral stock indices on the Indonesian stock exchange during Russian-Ukraine conflict ]]>
<![CDATA[Fitriyah, Fitriyah]]>;
<![CDATA[Mukminatin, Zakia Nur]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.22406
<![CDATA[Research aims: The purpose of this study is to determine the return connectedness of sectoral stock indices in Indonesia and to identify sectors that act as risk transmitters and risk recipients during the Russia-Ukraine conflict.Design/Methodology/Approach: The study employed a quantitative method with a comparative descriptive approach using data obtained from id.investing.com in the form of daily data on the closing price of the sectoral stock index starting from the period March 16, 2021 to March 14, 2023. The sampling technique used purposive sampling method. Time varying parameter VAR is an analytical tool used to analyze the data.Research findings: The test results found that the return connectedness of Sectoral Stock Indices increased during the Russia-Ukraine war. During the war, the sectoral indices that acted as risk transmitters were finance, industry, infrastructure, consumer cyclicals, and basic materials. Sectors that acted as risk receivers were health, transportation, energy, consumer non-cyclicals, and technology.Theoretical contribution/Originality: This is the first study to examine return spillover in Indonesia stock sectors, specifically focusing on the Russia-Ukraine conflict. This study provides understanding about return spillover and directional spillover among 11 Indonesian stock sectors.Practitioner/Policy implication: This article has important implications for investors to allocate their portfolios taking into account the similarities and differences in the time-varying connectivity characteristics of different asset systems. Also, for policymakers in Indonesia should adopt flexible regulatory strategies to avoid systemic risk contagion.]]>
<![CDATA[Systematic literature review: Determinants and contribution of restaurant tax to local own-source revenue in Indonesia ]]>
<![CDATA[Karyanto, Karyanto]]>;
<![CDATA[Sofyani, Hafiez]]>
<![CDATA[ Journal of Accounting and Investment Vol. 26 No. 1: January 2025 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta, Indonesia ]]>
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DOI: 10.18196/jai.v26i1.22754
<![CDATA[Research aims: This research aims to explore previous research related to the contribution of restaurant taxes in Indonesia to Local Own-Source Revenue (LOSR) and analyze studies from several angles.Design/Methodology/Approach: This research used a Systematic Literature Review, which consisted of three stages, namely the collection stage, by entering the search keywords "Contribution," "Restaurant Tax," and "Local Own-Source Revenue" in Google Scholar and Scopus from 2014 to 2023. Articles included in the research were assessed based on their ranking in the SINTA and Scopus indexes. The presentation stage focused on the research background, methods, and findings. After applying a series of criteria, 44 articles were obtained.Research findings: Restaurant tax research in Indonesia has been active since 2014, mostly in SINTA 4, in Java and using quantitative methods. Restaurant tax has not provided optimal contribution to Local Own-Source Revenue due to lack of compliance and awareness of taxpayers.Theoretical contribution/Originality: More generally looking at the contribution of restaurant taxes in Indonesia, and systematic literature review research published in the indexed journals Sinta and Scopus has never been found and carried out. Practitioner/Policy implication: Provide considerations to the Regional Government to pay attention to LOSR achievement factors, especially restaurant tax.Research limitation/Implication: This research only focuses on restaurant taxes in Indonesia.]]>
