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The role of corporate strategy in transfer pricing: The moderating effect of bonus mechanisms on performance management Mardjono, Enny Susilowati; Yang, Yi-Fang; Nehayati, Nela
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.25750

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.

Are the Beneish model and restatement relevant in detecting tax evasion? Challista Christabella; Ayu Fury Puspita
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.26851

Research aims: This study aims to analyze the capability of fraud pentagon theory’s factors—including pressure, opportunity, rationalization, competence, and arrogance—in indicating tax evasion.Design/Methodology/Approach: The data were analyzed by logistic regression, and the samples of basic material entities listed on the Indonesia Stock Exchange for 10 years, from 2012 to 2021, were selected through the purposive sampling method. The dependent variable of tax evasion indication was measured by Beneish M-score and restatement methodsResearch findings: The results of this study exhibit that pressure represented by financial stability and financial targets proves to indicate tax evasion, while the opportunity (represented by the nature of the industry and ineffective monitoring), rationalization (represented by audit opinion), competence (represented by change in directors), and arrogance (represented by dualism position) do not prove to indicate tax evasion. Theoretical contribution/Originality: Providing additional empirical evidence on the application of the Fraud Pentagon Theory for detecting tax evasion through the integration of the Beneish model and restatement methods.Practitioner/Policy implication: This research can be used by taxpayers, tax officers, tax examiners, and auditors to detect and reduce tax evasion in Indonesia.Research limitation/Implication: The limitations of this study can be seen in the results of the determination coefficient, which is quite low, so there are still other indicators that cannot be explained through this study.

The portrait of challenges and strategies of village-owned enterprise in achieving SDGs: The perspective of sustainable development Nugraheni, Tri Satya Rifah; Utami, Evy Rahman; Utami, Tiyas Puji
Journal of Accounting and Investment Vol. 26 No. 2: May 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i2.26741

Research aims: This study analyzed the challenges and strategies of the Tirta Mandiri Village-Owned Enterprise (VOE) in Ponggok Village, Klaten Regency, to reach the Sustainable Development Goals (SDGs). In addition, our study examines how VOE, as a social enterprise entity, can improve economic, social, and environmental sustainability at the village level.Design/Methodology/Approach: A qualitative approach with semi-structured interviews with administrators of VOE, the government of the village, beneficiaries, and VOE experts was used in this research, and it was used to explore the challenges and strategies of VOE.Research findings: The findings indicated that VOE had functioned as a social entrepreneurial entity. Tirta Mandiri VOE successfully empowered the community and generated wealth. Furthermore, VOE initiatives have accomplished the following SDGs: No Poverty (1), Quality Education (4), Gender Equality (5), Decent Work and Economic Growth (8), Industry, Innovation and Infrastructure (9), Climate Action (13), Life on Land (15), and Partnerships for the Goals (17). Nonetheless, numerous issues must be addressed, such as the evolving mindset of the community and constrained human resources. Furthermore, VOE encountered numerous competitors that operated analogous business units. These difficulties must be addressed through several techniques, including education, cultural literacy, and collaboration. VOE enhanced human resource capability, innovation, and delivery service. VOE served as an excellent mechanism for sustainable rural development.Practitioner/Policy implication: This study emphasized the importance of developing community empowerment and environmental sustainability programs by VOE and the need for greater support from local government to achieve SDGs effectively.Research limitation/Implication: This study had limitations, such as focusing on Tirta Mandiri VOE in Ponggok Village. In addition, a qualitative approach was used in this study.

How is enterprise cope with sudden crisis: Testing the moderation role of COVID-19 crisis towards ERM disclosure and firm value Putra, Adli Zuliansyah; Widiastuti, Harjanti
Journal of Accounting and Investment Vol. 26 No. 2: May 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i2.26840

Research aims: This study investigates the moderating influence of the COVID-19 crisis on the relationship between risk management disclosure and firm value.Design/Methodology/Approach: 305 non-financial firms listed on the Indonesia Stock Exchange during 2019-2020 were analyzed, utilizing archived data from company annual reports according to purposive sample criteria. The data were further evaluated quantitatively by panel data regression analysis with Eviews12 to evaluate the overarching hypothesis.Research findings: The results indicate that risk management disclosure benefits firm value; however, the COVID-19 crisis does not influence this connection. It indicates that disclosure functions as a signaling mechanism to preserve investor trust rather than serving as a primary source of information during crises. Theoretical contribution/ Originality: This research highlights the COVID-19 pandemic's role in reinforcing the necessity for risk management disclosure to mitigate information asymmetry and serve as a favorable signal for shareholders and investors while contributing empirical insights into the crisis's influence on corporate risk disclosure practices in sustaining firm value.Research limitation/Implication: This research highlights the need to develop a risk management framework that is more adaptive to unexpected extraordinary events, such as the pandemic crisis. It is done to increase the relevance of information needed by potential investors and company owners so that the effect of risk management disclosure can be seen during the new crisis.

Are the Beneish model and restatement relevant in detecting tax evasion? Christabella, Challista; Puspita, Ayu Fury
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.20422

Research aims: This study aims to analyze the capability of fraud pentagon theory’s factors—including pressure, opportunity, rationalization, competence, and arrogance—in indicating tax evasion.Design/Methodology/Approach: The data were analyzed by logistic regression, and the samples of basic material entities listed on the Indonesia Stock Exchange for 10 years, from 2012 to 2021, were selected through the purposive sampling method. The dependent variable of tax evasion indication was measured by Beneish M-score and restatement methodsResearch findings: The results of this study exhibit that pressure represented by financial stability and financial targets proves to indicate tax evasion, while the opportunity (represented by the nature of the industry and ineffective monitoring), rationalization (represented by audit opinion), competence (represented by change in directors), and arrogance (represented by dualism position) do not prove to indicate tax evasion. Theoretical contribution/Originality: Providing additional empirical evidence on the application of the Fraud Pentagon Theory for detecting tax evasion through the integration of the Beneish model and restatement methods.Practitioner/Policy implication: This research can be used by taxpayers, tax officers, tax examiners, and auditors to detect and reduce tax evasion in Indonesia.Research limitation/Implication: The limitations of this study can be seen in the results of the determination coefficient, which is quite low, so there are still other indicators that cannot be explained through this study.

An examination of the factors influencing fraud tendencies in village governance in Indonesia Lestari, Kiky Puji; Putra, Wahyu Manuhara
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.22689

Research aims: This study aims to analyze the effect of individual morality on accountability, responsibility, and transparency, and how these three variables affect the tendency of fraud in village government management. Design/Methodology/Approach: This study uses a quantitative approach involving 343 village apparatus respondents, namely the Village Head, Village Secretary, Head of Affairs, and Section Heads who have less than 5 years of service from 64 villages through purposive sampling technique. Data were collected using a Likert scale-based questionnaire and analyzed using the Partial Least Square (PLS) approach.Research findings: The results showed that individual morality has a positive effect on accountability, rationalization, and transparency. Responsibility has a negative effect on the tendency to fraud, while accountability does not affect the tendency to fraud.Theoretical Contribution/Originality: This study makes a theoretical contribution by uncovering the complex relationship between the variables of Accountability, Fraudulent Propensity, Morality, Responsiveness, and Transparency in the context of village government and highlighting the importance of individual morality in preventing fraud.Practitioner/Policy implication: The practical implication is to provide a basis for better policies at the village level, especially in the ethical and accountable management of village funds.Research limitation/Implication: This study uses the new Fraud Hexagon model, so comparative references are still very limited. Using the survey method of distributing questionnaires as the primary data collection technique has the potential for respondent bias and limited generalization of results because it focuses on specific areas.

Determinants of financial reporting quality: Local government status as moderator Yudhanto, Satrio Kusumo; Rahmawati, Evi
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.25426

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. 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.

Research trends on environmental, social, and governance in SMEs: A bibliometric analysis Harventy, Gina; Hamid, Fatima Abdul; Yassin, Fatimah Mat; Mokhtar, Norsyahida Binti
Journal of Accounting and Investment Vol. 26 No. 1: January 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i1.25808

Research aims: This study used a scoping review and bibliometric analysis to analyze all publications on Environmental, Social, and Governance (ESG) study trends, specifically in the context of Small and Medium Enterprises (SMEs).Design/Methodology/Approach: Ninety-four (94) ESG articles on SMEs indexed in the Scopus database were described through coverage and bibliometric analysis. The articles were analyzed based on the number of publications per year, contributing countries, authors, and cited documents. Furthermore, VOSviewer was used to provide a visual analysis of keyword occurrences.Research findings: The growing body of research on ESG in SMEs reflects an increasing global awareness of its significance. Notably, publications on this topic have surged year after year, with Asia leading the discourse and Europe following closely. Among individual countries, China and Italy stand out as the most prolific contributors. This upward trend underscores the rising importance of ESG in SMEs, positioning it as a critical area of discussion among international scholars.Theoretical contribution/ Originality: This paper analyzes ESG research trends in SMEs, mapping key developments and gaps. Synthesizing past studies highlights critical insights and future research directions, positioning ESG in SMEs as a growing global discourse.Research limitation/Implication: This study is limited to the Scopus database and focuses solely on ESG research in SMEs. It used only one bibliometric analysis tool to evaluate research trends, which may not capture a broader perspective from other databases or analytical approaches.

Leadership and fraud: A phenomenological study in Bengkulu provincial government Suryani, Pesi; Gaol, Lasando Lumban
Journal of Accounting and Investment Vol. 26 No. 2: May 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i2.25079

Research aims: This study aims to analyze the role of leadership in the prevention and detection of fraud in the Bengkulu Provincial GovernmentDesign/Methodology/Approach: The research method applied is a qualitative phenomenological approach, which allows for an in-depth exploration of subordinates' experiences and perceptions related to leadership and fraud. Data were collected through in-depth interviews, observations, and document analysis.Research findings: The findings indicate that transformational and transactional leadership styles play a significant role in fraud prevention. Leaders who adopt a transformational leadership style can enhance subordinates’ motivation and integrity through inspiration and idealized influence, while leaders with a transactional style focus on achieving targets through rewards and sanctions. The study also found that financial pressures, opportunities due to weaknesses in the internal control system, and rationalization of actions are the main factors driving fraud.Theoretical contribution/Originality: This research contributes to a holistic understanding of the interaction between leadership and fraud in the local government context and offers practical recommendations to improve the effectiveness of fraud prevention and detection through strengthening internal control systems, routine training, and adopting transformational leadership styles.Practitioner/Policy implication: The findings provide actionable insights for policymakers and practitioners in local government to strengthen fraud prevention efforts, which include enhancing leadership development programs, implementing stricter internal controls, and promoting ethical culture within the organizationResearch limitation/Implication: The study focuses on a single provincial government, which may limit the generalizability of the findings. Future research could be expanded to include multiple regions or sectors to provide broader insights into the relationship between leadership styles and fraud prevention.

Mapping the landscape of political connections risk: A bibliometric analysis Widaryanti, Widaryanti; Abdullah, Wan Amalina Wan; Sitawati, Riana; Luhgiatno, Luhgiatno; Tasriastuti, Nurohmi Ambar
Journal of Accounting and Investment Vol. 26 No. 2: May 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i2.25103

Research aims: This research aims to explain current and future research trends on political connections risk by mapping political connections risk studies.Design/Methodology/Approach: This paper is a meta-synthesis study of the risks of political connections over 25 years, from 2000 to 2024. The Scopus database was used to find relevant literature. Selected articles were scanned, cleaned, and adjusted before analysis. In this analysis, 178 documents were examined. By using biblioshiny, bibliometric analysis in this study gives special emphasis to research flows, trends, thematics, and field structures.Research findings: The bibliometric research results provide essential information about publications on current and future political risks. It includes the most cited documents, prolific contributors, frequently used keywords, prolific countries, sources, network analysis data from co-occurrence networks, and theme mapping data for political relations risk studies. This study identified three main literature clusters: risk assessment, China, and financial crisis. Finally, it raises research questions for future studies. Theoretical contribution/ Originality: This article offers a profound understanding of political connections and risk as a research topic, using bibliometric analysis to examine its academic development. Practitioner/Policy implication: These findings help construct a cohesive idea, define the underlying context, and aid academic researchers and industry practitioners in comprehending the evolution of political connections research and risks.Research limitation/Implication: The sub-themes about the formation and application of political connections and risks, where the number of topics has not been extensively examined, are also anticipated to be expanded by this study.

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Contact Name
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Contact Email
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Phone
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Journal Mail Official
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Editorial Address
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Location
Kab. bantul,

Daerah istimewa yogyakarta

INDONESIA