cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kab. bantul,
Daerah istimewa yogyakarta
INDONESIA
Journal of Accounting and Investment
Published by Universitas Muhammadiyah Yogyakarta
ISSN : 26223899     EISSN : 26226413     DOI : 10.18196/jai
Core Subject : Economy,
Economics, Econometrics & Finance
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.
Arjuna Subject : -
Articles 677 Documents
 64   65   66   67   68 
Dynamics of budget absorption: The role of budget political moderation on human resource regulation and competence in local governments Lastri, Surna; Syamsidar, Syamsidar; Nasution, Emmi Suryani; Lokman, Farha Zafira Agos
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.28481

Abstract

Research aims: This study examines the effects of regulations, human resource competence, and budget politics on budget absorption. In addition, it seeks to analyze the moderating role of budget politics in strengthening or weakening the relationships between regulations, human resource competence, and budget absorption. Design/Methodology/Approach: This research adopted a quantitative approach using a questionnaire survey. The study population comprised all government officials from 27 regional apparatus work units in Nagan Raya Regency, Aceh Province, totaling 108 respondents, including service secretaries, financial administration officials, expenditure treasurers, and heads of finance subdivisions. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Research findings: The results indicate that budget politics positively influence public budget absorption, whereas regulation and human resource competence do not have a direct effect. The moderation analysis further reveals that budget politics has a significant negative moderating effect on the relationship between regulation and budget absorption, implying that heightened political intensity may weaken the effectiveness of regulatory frameworks. Conversely, budget politics does not moderate the relationship between human resource competence and public budget absorption.Theoretical contribution/Originality: This study has expanded the literature on the political budget cycle by emphasizing the significance of balancing political stability, regulatory flexibility, and adaptive human resource capacity to improve the effectiveness of public budget absorption.Practical/Policy implication: Local governments should design regulations that are adaptive to political dynamics, strengthen managerial human resource capacity, and optimize digital technologies to enhance transparency and efficiency in budget management.
Management compensation and performance: The role of clawback-holdback provisions in mitigating management risk-taking behavior Septianis, Aulia; Kresnawati, Etik
Journal of Accounting and Investment Vol. 26 No. 3: September 2025
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v26i3.28624

Abstract

Research aims: This study aims to examine the mediating effect of management risk-taking behavior on the relationship between compensation of management as a material risk taker (MRT) and bank performance. It also examines how clawback-holdback provisions moderate this relationship. Design/Methodology/Approach: This study employs a quantitative approach, drawing on secondary data from the annual reports of 18 Indonesian banks listed on the Indonesia Stock Exchange (IDX) between 2018-2023. Hypothesis testing was conducted using the mediation moderation model with PROCESS Macro Model 7.Research findings: The results show that management compensation does not directly affect bank performance, but rather indirectly affects it through the risk-taking behavior of MRT. Meanwhile, this study cannot prove the role of clawback-holdback provisions in mitigating the risk-taking behavior of MRT, as expected by the Indonesian Financial Services Authority.Theoretical contribution/ Originality: This study provides evidence that incentive and performance mechanisms in the banking industry are indirect. These results expand our understanding of the importance of behavioral factors, specifically risk-taking by MRT, as a key channel through which incentives translate into performance outcomes. Practitioner/Policy implication: These findings underscore the need for balanced compensation schemes that integrat compensation with risk control. Bank should adopt transparent clawback-holdback provisions aligned with PJOK No.45/PJOK.03/2015.Research limitation/Implication: This study focuses only on banks listed on the IDX, which limits the generalization of its findings to the banking industry as a whole, including private banks and state-owned banks that are not publicly listed. The results of the study highlight the need to enforce clawback-holdback provisions as a mechanism to reduce excessive risk-taking by banking MRTs.
Good procurement governance and organisational performance: A contingency theory approach to procurement practices in XYZ universities Sutawijaya, Adrian; Muktiyanto, Ali; Geraldina, Ira; Narimawati, Umi
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.28733

Abstract

Research aims: This study examines the effect of Good Procurement Governance (GPG) on organisational performance in public institutions, particularly in XYZ Universities.Design/Methodology/Approach: The research method used quantitative data from a survey of 157 procurement practitioners at the XYZ University, which were analysed statistically using Structural Equation Modelling–Partial Least Squares (SEM-PLS). To complement and deepen the interpretation of the confirmatory factor analysis results, a qualitative approach was subsequently employed through Focus Group Discussions (FGDs) with XYZ University procurement actors.Research findings: The results show that GPG negatively affects organisational performance, while each GPG dimension positively enhances it. This result indicates the importance of fit between regulations, institutions, human resources, and information systems within the contingency theory framework.Theoretical contribution/Originality: This study contributes theoretically by expanding the GPG model grounded in contingency theory and practically by providing recommendations for strengthening procurement governance in public universities.
The influence of framing effect and clawback provision on divestment decision making: An experimental study Victory, Galant; Misra, Fauzan
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.28865

Abstract

Research aims: This study analyzes the dual impact of framing (positive versus negative) and clawback provisions on managerial decisions regarding divestment. The study focuses on the interaction between clawback provisions, which serve as compensation-related loss cues, and externally framed accounting information, and its impact on managers’ risk attitudes regarding negative performance investments.Design/Methodology/Approach: A 2×2 between-subjects laboratory experiment was conducted with 84 participants who evaluated divestment alternatives under positive or negative frames, with or without clawback provisions.Research findings: The results indicate that framing significantly influences divestment decisions, as positive frames lead to risk-averse divestment choices, while negative frames promote risk-seeking continuation. Although clawback provisions do not exhibit a significant main effect, their interaction with framing is significant. Clawbacks increase risk-taking under positive frames but reduce risk-taking under negative frames, revealing a novel dual-framing mechanism.Theoretical contribution/Originality: This study demonstrates empirically that the behavioral consequences of clawback provisions vary depending on the framing of performance evaluation information. The study demonstrates that compensation-based loss signals interact with information framing, extending behavioral accounting research on framing effects to the area of divestment decisions in non-financial contexts.Practical implications: The results suggest that firms should better align their pay contracts with their internal reporting structures. More specifically, integrating clawback provisions with performance accomplishments articulated in positive terms may lead managers to persist in their failure to lose investments. Hence, firms and pay committees need to align the design of incentives with management reporting to contain loss-inducing risk-taking.
Can bitcoin serve as a reliable safe haven? Amid uncertainty and volatility Nugraha, Pazri; Saptutyningsih, Endah; Nguyen, Tran Thai Ha; Darsono, Susilo Nur AJi Cokro
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.28742

Abstract

Research aims: This study examines whether Bitcoin can serve as a safe-haven asset amid global market uncertainty during the 2022–2025 period, characterized by geopolitical tensions, post-pandemic inflation, and heightened financial volatility.Design/Methodology/Approach: The study employs a quantitative approach using daily data on Bitcoin, gold, oil, the S&P 500 index, and the Volatility Index (VIX) from January 2022 to June 2025. All variables are transformed into logarithmic returns and analyzed using an ARCH model to capture time-varying volatility and assess the influence of global market factors on Bitcoin returns..Research findings: The empirical results indicate that the VIX has a statistically significant negative effect on Bitcoin returns, implying that rising global uncertainty weakens rather than strengthens Bitcoin’s value. The S&P 500 exerts a significant positive influence, showing that Bitcoin moves pro-cyclically with equity markets and behaves like a risky asset. Oil prices have no significant impact, while gold returns exhibit a significant but unstable co-movement, lacking consistent value preservation. Overall, these findings reject Bitcoin’s safe-haven role and characterize it as a speculative digital asset with high sensitivity to stock market dynamics.Theoretical contribution/Originality: This study contributes to the safe-haven and digital finance literature by providing recent empirical evidence that distinguishes Bitcoin from genuine safe-haven assets. Grounded in formal safe-haven theory and volatility dynamics, it challenges the “digital gold” narrative and clarifies the boundary between high-risk digital assets and traditional safe havens.Practitioner/Policy implication: For investors, the results of this study confirm the need for caution in treating Bitcoin as a portfolio diversification instrument, as its behavior is more like that of a risky asset than a hedge asset. For Policymakers and regulators, these results show the importance of public education regarding Bitcoin's volatility risks and its limitations as a safe haven.
The value relevance of SASB-based materiality disclosure: Evidence from Indonesian listed firms Prayoga, Hadiyan; Soko, Felicyta Adelanam; Badruzaman, Jajang
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.28790

Abstract

Research aims: ISSB issued IFRS S1 and S2 reporting that influence entities to disclose information about risks and opportunities based on SASB standards. This study examine whether materiality disclosure reflects on value relevance information content. The materiality item relates to the general purpose of financial reporting, helping users make decisions.Design/Methodology/Approach: Using regression analysis, this study analyse 330 firm-year observations from 71 firms listed on the Indonesia Stock Exchange from 2017-2022.Research findings: This study find positive relationship between materiality disclosure and value relevance information. In addition, firms with high materiality not accurately reflects on stock price related sustainability item.Theoretical contribution/Originality: This study provides novel evidence that materiality disclosure enhances value relevance by influencing stock prices. It extends the decision-usefulness perspective by showing that market responses to materiality vary across firms, highlighting the role of sustainability disclosure in shaping investors’ valuation.Practitioner/Policy implication: This study suggest that materiality disclosure serves as a strategic tool for firms to enhance market value, not just a compliance exercise. For regulators, the evidence supports ISSB’s mandate that materiality reporting is essential to provide decision-useful sustainability information for investors.Research limitation/Implication: First, this study is limited to the Indonesian context. Future research is encouraged to broaden the scope by including other countries, particularly those that are members of the IASB. Second, the study does not account for the issue of endogeneity within its methodological approach.
Exploring robotic process automation adoption among accounting professionals in South Africa: Application of the UTAUT model Thipe, Katlego; Gold, Nusirat Ojuolape; Coovadia, Husain
Journal of Accounting and Investment Vol. 27 No. 1 (2026): January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.29459

Abstract

Research aims: The rapid advancement of robotic process automation (RPA) technologies presents significant transformation opportunities for the accounting profession, yet adoption rates remain inconsistent across different contexts. This study investigates factors influencing RPA adoption among accounting professionals in South Africa, employing the Unified Theory of Acceptance and Use of Technology (UTAUT) framework.Design/Methodology/Approach: Using descriptive and inferential statistics, the study analysed quantitative and qualitative data gathered from 100 accounting and auditing professionals.Research findings: Findings revealed Social Influence as core predictor while skills and training gaps, resistance to change, and resource constraints were notable barriers. A significant awareness-implementation gap was also observed for RPA knowledge versus usage.Theoretical contribution/Originality: This study contribes theoretically by demonstrating that social legitimation may outweigh technical performance in professional settings within emerging markets, a contexts where peer validation and collective professional endorsement are crucial. By theorizing awareness-implementation paradox, it noted that attitude and knowledge are vital yet, insufficient for behavioural change. Additionally, it provides context-sensitive validation of UTAUT constructs from an emerging economy.Practitioner/Policy implication: The findings reinforce technology-centric adoption, with professional services contexts exhibiting unique dynamics. Overall, it highlights prioritizing social factors, management endorsement and peer advocacy as implementation strategies for RPA adoption over technical features. These findings provide evidence-based guidance for organisations and professional bodies seeking to advance RPA adoption within the South African accounting professional context.

Page 68 of 68 | Total Record : 677

 64   65   66   67   68 

Filter by Year

2000 2026


Reset
Filter By Issues
All Issue Vol. 27 No. 1 (2026): January 2026 Vol. 26 No. 3: September 2025 Vol. 26 No. 2: May: 2025 Vol. 26 No. 2: May 2025 Vol. 26 No. 1: January 2025 Vol. 25 No. 3: September 2024 Vol 25, No 3: September 2024 Vol. 25 No. 2: May 2024 Vol 25, No 2: May 2024 Vol. 25 No. 1: January 2024 Vol 25, No 1: January 2024 Vol 24, No 3: September 2023 Vol. 24 No. 3: September 2023 Vol. 24 No. 2: May 2023 Vol 24, No 2: May 2023 Vol 24, No 1: January 2023 Vol 23, No 3: September 2022 Vol 23, No 2: May 2022 Vol 23, No 1: January 2022 Vol 22, No 3: September 2021 Vol 22, No 2: May 2021 Vol 22, No 1: January 2021 Vol 21, No 3: September 2020 Vol 21, No 2: May 2020 Vol 21, No 1: January 2020 Vol 20, No 3: September 2019 Vol 20, No 2: May 2019 Vol 20, No 1: January 2019 Vol 19, No 2: July 2018 Vol 19, No 1: January 2018 Vol 18, No 2: July 2017 Vol 18, No 1: January 2017 Vol 17, No 2: July 2016 Vol 17, No 1: January 2016 Vol 16, No 2: July 2015 Vol 16, No 1: January 2015 Vol 15, No 2: July 2014 Vol 15, No 1: January 2014 Vol 14, No 2: July 2013 Vol 14, No 1: January 2013 Vol 13, No 2: July 2012 Vol 13, No 1: January 2012 Vol 12, No 2: July 2011 Vol 12, No 1: January 2011 Vol 11, No 2: July 2010 Vol 11, No 1: January 2010 Vol 10, No 2: July 2009 Vol 10, No 1: January 2009 Vol 9, No 2: July 2008 Vol 9, No 1: January 2008 Vol 8, No 2: July 2007 Vol 8, No 1: January 2007 Vol 7, No 2: July 2006 Vol 7, No 1: January 2006 Vol 6, No 2: July 2005 Vol 6, No 1: January 2005 Vol 5, No 2: July 2004 Vol 4, No 2: July 2003 Vol 4, No 1: January 2003 Vol 3, No 2: July 2002 Vol 3, No 1: January 2002 Vol 2, No 2: July 2001 Vol 2, No 1: January 2001 Vol 1, No 2: July 2000 Vol 1, No 1: January 2000 More Issue