2024-03-28T12:40:28Z
https://journal.binus.ac.id/index.php/JAFA/oai
oai:ojs.pkp.sfu.ca:article/277
2020-04-20T16:33:06Z
JAFA:ART
EVALUASI SISTEM SMALL SCALE ELECTRONIC PROCUREMENT BP INDONESIA
Pitrasari, Nerisa
Nuryani, Nuryani
Pribadi, Tony
Abdurrachman, Edi
system
SSeP
satisfaction.
Along with the development of increasingly advanced technology, industrial companies under pressure of increased competition. One of the efforts is to improve business processes through procurement, in which there is the process of purchasing and inventory control. For the procurement performance, many companies are turning to e-procurement, a procurement transaction application of technology-based information which can reduce administrative activities, purchase and invoice process. As a multinational company engaged in the oil and gas industry, BP Indonesia implementing e-Procurement with two systems, namely the procurement card (pro-card) and e-bidding with Small Scale Electronic Procurement System (SSEP). The purpose of this study is to analyze and SSEP monitoring system, which in turn evaluate the system in terms of user satisfaction, so it can be things that need to be improved to increase user satisfaction. This study uses data collection by distributing questionnaires to vendors BP Indonesia using the SSEP system. The collected data will be analyzed by paired t-test and analysis of performance expectations. From the results of this study showed that SSEP system is running well but the performance should be improved with new innovations.
Bina Nusantara University
2011-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/277
10.21512/jafa.v4i1.277
Journal of Applied Finance and Accounting; Vol. 4 No. 1 (2011): Publish on November 2011; 1 - 23
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/277/271
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/279
2020-04-20T16:33:06Z
JAFA:ART
PENGGUNAAN BALANCED SCORECARD DALAM STRATEGIC MANAGEMENT JAMU PUSPO
Pusposuharto, Andre Utoro
Damayani, Dewi
Henriani, Rieke
Sadeli, Jimmy
balanced scorecard
strategic management
Jamu Puspo.
The ’balanced scorecard’ is used not only as a tool to clarify the strategy of a company, but more importantly used for planning and development strategies. Without a strategy, it is impossible to survive in a competitive and dynamic business world. Combining long-term competitive capabilities with the goal of creating a synthesized company, the balanced scorecard can be trusted to utilize the financial measures of past performance to predict future performance. This data was analyzed from four perspectives: financial, customer, internal business processes, and learning and growth. The balanced scorecard is used as a basic measure, not only of the company's long-term goals, but also from the inclusion of the vision and mission. Herbal Puspo, a company engaged in the field of herbal pharmaceuticals, is also in the process of determining the direction and objectives of the company. The authors help determine its vision and mission which is then translated into strategic objectives for the company. The authors collected data and information, including surveys and industry analysis, which is then analyzed using a variety of basic theories of management strategies such as Porter's Five Forces and the TOWS matrix. From this analysis, the authors, together with the company management, summarized a strategic measure which was then translated into the four perspectives of the balanced scorecard companies.
Bina Nusantara University
2011-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/279
10.21512/jafa.v4i1.279
Journal of Applied Finance and Accounting; Vol. 4 No. 1 (2011): Publish on November 2011; 24 - 38
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/279/273
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/280
2020-04-20T16:33:06Z
JAFA:ART
REKAYASA ULANG PROSES BISNIS PADA DEPARTEMEN PENJUALAN, LOGISTIK, DAN AKUNTING (STUDI KASUS: PT GRAMA BAZITA)
Mochyidin, Ainun
Hartanto, Meliana Dewi
Devara, Rian
Rantetana, Marcellus
information technology
data flow
business processes
reengineering.
The continued development of the business world today requires companies to have an ‘edge’ to compete with other companies. Any characteristic of the company that gives them an opportunity for growth should be put to good use. The use of information technology should support its operating costs and even increase the efficiency and effectiveness of the company. However, the use of this information technology must be balanced with the readiness of existing resources to operate. Without the support of resources, especially human resources available, the use of this technology would be something that is useless. This thesis aims to assist PT. Grama Bazita in improving the efficiency of existing processes that will ultimately reduce the cost and time. The methodology used in the writing of this thesis is an analytical method which consists of a survey of running processes, analysis of the survey findings, and the identification of the needs of information technology as well as designing a new process which should prove more efficient than the prior business processes. From the analysis, it can be concluded that information technology is one of the factors driving reengineering, as well as the business needs to improve competitiveness.
Bina Nusantara University
2011-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/280
10.21512/jafa.v4i1.280
Journal of Applied Finance and Accounting; Vol. 4 No. 1 (2011): Publish on November 2011; 39 - 50
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/280/274
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/281
2020-04-20T16:33:06Z
JAFA:ART
ANALISIS PENGARUH KINERJA KEUANGAN TERHADAP HARGA SAHAM PERUSAHAAN TELEKOMUNIKASI INDONESIA
Sunarko, Robert
Sihotang, Raymundus Parulian
current ratio
ROE
profit margin
debt ratio
total assets turnover
stock price.
Stock price movement is influenced by many factors such as actions taken by the government, interest rates fluctuating, as well as a variety of other internal or external factors. The authors discuss the internal side of the company and the use of liquidity ratios, solvency, activity, and profitability ratios on the Current Ratio, Return on Equity (ROE), profit margin, Debt Ratio, and Total Assets Turnover. The authors discuss whether there is a relationship between each of the five ratios with stock price movement. The authors showed that each of the Current Ratio, ROE, Profit Margin and Debt Ratio Total Assets Turnover, Profit Margin and ROE only affected the stock price movement, while the Current Ratio, Debt Ratio, and Total Assets Turnover had no significant effect on stock price movements.
Bina Nusantara University
2011-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/281
10.21512/jafa.v4i1.281
Journal of Applied Finance and Accounting; Vol. 4 No. 1 (2011): Publish on November 2011; 51 - 77
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/281/275
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/282
2020-04-20T16:33:06Z
JAFA:ART
ANALISIS PENGARUH RISIKO KREDIT TERHADAP IMBAL HASIL SAHAM PERBANKAN DI BURSA EFEK JAKARTA PERIODE TAHUN 2001-2005
Rahardjo, Siane Handayani
Sophy2, Ingrid Maya
Fardiansyah, Tedy
stock returns
credit risk
CAR
NPL
PPAP.
Banks have an important role in the economy and serves as a financial intermediary. Credit risk, as one of indicator of the health of the bank, is an interest of all stakeholders including investors stock. This study was conducted to determine the effect of credit risk on bank stock returns listed on the Jakarta Stock Exchange. The sampling method performed on 8 banks for a sample of meeting the requirements of the study. Credit risk data consisting of CAR (Capital Adequacy Ratio), NPL (Non Performing Loans) and PPAP (Removal of Assets Allowance) financial ratios derived from the quarterly during January 2001-December 2005. The stock prices are taken from the weekly closing stock price data weekly during January 2001-December 2005. Tests using multiple regressions were conducted to determine the effect of credit risk on stock returns. The results show that jointly or individually no significant effect on credit risk with stock returns.
Bina Nusantara University
2011-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/282
10.21512/jafa.v4i1.282
Journal of Applied Finance and Accounting; Vol. 4 No. 1 (2011): Publish on November 2011; 78 - 94
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/282/276
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/283
2020-04-20T16:32:52Z
JAFA:ART
EMPIRICAL STUDIES ON EVA AND PROFITABILITY RATIOS ASSOCIATION WITH ANNUAL STOCK RETURN FOR INDONESIA COMPANIES
Lingga, Doan Siscus Kaldianto
Tirok, Junius
EVA
profitability ratios
profit margin (PM)
return on sales (ROS)
return on equity (ROE)
return on assets (ROA)
company annual stock return.
This research analyzes the influence of Economic Value Added (EVA) and profitability ratios measurement on Indonesian public companies stock returns. The companies are firms that are listed in the Indonesia Stock Exchange (IDX) and that take part in the LQ45 group. The profitability ratios that are used in this research are profit margin (PM), return on sales (ROS), return on equity (ROE), and return on assets (ROA). The aim of this research is to prove the claim that EVA is associated more with company annual stock return rather than profitability ratios. The methodology that is used in this research is a multiple regression test to measure the significance between EVA, profit margin (PM), return on sales (ROS), return on equity (ROE), and return on assets (ROA) with the company annual stock returns. The research result shows that in the end the research prove that EVA does not influence profitability ratios in association with company stock returns. The evidence indicates that profitability ratios are closely associated with company stock returns with the highest significance. More specificly, return on equity (ROE) is the most associated profitability ratio with stock returns followed by return on assets (ROA).
Bina Nusantara University
2012-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/283
10.21512/jafa.v4i2.283
Journal of Applied Finance and Accounting; Vol. 4 No. 2 (2012): Publish on June 2012; 95 - 111
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/283/277
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/284
2020-04-20T16:32:52Z
JAFA:ART
FOUNDING FAMILY OWNERSHIP AND FIRM PERFORMANCE: EMPIRICAL EVIDENCE FROM CONSUMER GOODS INDUSTRY IN INDONESIA
Bambang, Margareta
Hermawan, Marko S.
ownership structure
family firms
firm performance
Indonesia.
This research investigates the significant influence of family ownership on firm performance in order to provide information to decision makers and other interested parties. The analysis includes comparisons between family and non-family firm performance in Indonesia. The samples are taken from 31 consumer goods companies, listed on the Indonesian Stock Exchange, ranging from 2005 to 2009. The results show that non-family firms perform better than family firms and no significant influence between family ownership and firms’ profitability. On the other hand, family ownership has negative contribution to firm market valuation. The study suggests that family firms have lower financial performance than that of non-family. Family members within the top position have major control rights and contribute a negative influence to firm performance. The evidence raises concerns about possible profit manipulation and weak governance law in Indonesia, and as a result there is an expropriation of wealth to the majority and family related shareholders.
Bina Nusantara University
2012-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/284
10.21512/jafa.v4i2.284
Journal of Applied Finance and Accounting; Vol. 4 No. 2 (2012): Publish on June 2012; 112 - 131
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/284/278
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/286
2020-04-20T16:32:52Z
JAFA:ART
STRATEGI PERTUMBUHAN DANA PIHAK KETIGA PADA BANK SINARMAS
Tactria, Michael
Susanto, Slamet Ario
Yusuf, Ahmad Mukhlis
growth strategy
third-party funds
Sinarmas bank.
The high level of competition in banking to attain Third Party Funds (TPF), spurs banks to continue to lure customers in a variety of ways, starting with improving operational performance, and improving services, to the diversification of products and use of attractive incentive gifts. Sinarmas business group, which recently took over ownership of one of the foreign exchange banks, also must try to anticipate and formulate appropriate strategies to win over the competition in terms of raising public funds. The purpose of this study was to determine the most appropriate strategy for Bank Sinarmas to conduct third-party funds. Methods of research were carried out by referring to the framework of the strategy, after the comparison, the data obtained from the literature study, and various other sources.
Bina Nusantara University
2012-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/286
Journal of Applied Finance and Accounting; Vol. 4 No. 2 (2012): Publish on June 2012; 147 - 166
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/286/280
oai:ojs.pkp.sfu.ca:article/287
2020-04-20T16:32:52Z
JAFA:ART
ANALISIS KEPUASAN PENGGUNAAN SISTEM INFORMASI PERKREDITAN (STUDI KASUS: KOPERASI PERUMAHAN WANABAKTI NUSANTARA)
S., M. Fajriyansyah
Abdurachman, Edi
informativeness
information format
easy of use
timeliness
reliability.
In the dynamic aviation business, change is a difficult thing to avoid, especially when it comes to the use of information technology. However, when information technology has been used, many problems can emerge and it is important to comply with the needs and expectations of management, as the company has often allocated large budgets for development. The users also need to know whether it meets their expectations or not. Measurements will be performed by comparing the independent variables of Informativeness, Information Format, Ease of Use, Timeliness and Reliability, as well as user aspects divided into a wide variety of factors, namely Age, Work Experience, , Background Department of Education, Training, and Old Computer Usage. Analysis was conducted on the gap analysis, linear regression analysis, and chi-square analysis. From the analyses there was found to be a significant gap between performance and user expectations in the KPWN credit information system. The regression analysis found that the only variable significantly related to user satisfaction was Reliability, and the chi-square analysis found that Educational Background significantly influenced user satisfaction.
Bina Nusantara University
2012-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/287
10.21512/jafa.v4i2.287
Journal of Applied Finance and Accounting; Vol. 4 No. 2 (2012): Publish on June 2012; 167 - 193
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/287/281
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/430
2020-04-20T16:32:42Z
JAFA:ART
THE MARKET PERFORMANCE OF BOOK BUILDING IPOs IN INDONESIA
Tanjung, Noni
Hutagaol, Yanthi
Initial Public Offering (IPO)
Book Building
Fixed Price
Undepricing
Information Asymmetry.
This research is aimed to determine the significant difference in short run and long run performance of Initial Public Offerings (IPOs) in Indonesian Capital Market through book building or fixed price marketing method. Moreover, it is intended to distinguish the characteristics of the issuer that might influence in their choice of marketing method. The sample firms are companies who went public in year 2007 to 2010. The aftermarket performance of the IPOs is assessed based on their short run performance (initial return) and long-term performance. The model has the marketing method as the dependent variable and size, age, industry and ownership of the issuer as independent variable. The result shows there is no significance difference in the short run performance between the marketing methods. However, there are significant difference in the long-run performance. For logistic regression, there are no significant relationship between the companies’ characteristics that influence the marketing method chosen.
Bina Nusantara University
2012-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/430
Journal of Applied Finance and Accounting; Vol. 5 No. 1 (2012): Publish on November 2012; 15 - 44
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/430/410
oai:ojs.pkp.sfu.ca:article/431
2020-04-20T16:32:42Z
JAFA:ART
VALUE RELEVANCE OF BANK OPERATIONAL PERFORMANCE IN INDONESIA
Wong, Yulina
Banking
Operating performance
Valuation.
The objective of the paper is to examine the value relevance of the disclosure of bank operating performance, as regulated by Bank of Indonesia. There are five operating performance ratios (CAR, NIM, BOPO, LDR, NPL) are examined in this study. The valuation model, then, also includes earnings and market condition, as control variables. The sample firms are bank that are listed in IDX during period 2005-2010, which consists of 144 observations. The result shows that some observations had performance measures below or above Bank of Indonesia’s acceptable ratio ranges. The analysis shows that only NIM is regarded as a relevant valuation factor. CAR and BOPO are less relevant, when earnings are used as control variables. Earnings and market condition are positively related to market value of the banks. This concludes that market is indifferent in their valuation approach to banking industry and other industries.
Bina Nusantara University
2012-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/431
10.21512/jafa.v5i1.431
Journal of Applied Finance and Accounting; Vol. 5 No. 1 (2012): Publish on November 2012; 45 - 70
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/431/411
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/432
2020-04-20T16:32:42Z
JAFA:ART
MOMENTUM INVESTING STRATEGY IN IDX: AN EXPERIMENT
Liem, Ronald W.
momentum
investing strategy
markowitz
IDX.
This research aims to test whether the Momentum investing strategy is better than passive investing strategy. The research method used is experiment design. The population observed is Kompas100 shares. The sample is filtered using several iterations based on the market performance as the momentum points and other fundamental factors to form optimal portfolios. The data used is the quarterly data. The t-test and Mann-Whitney means difference tests are performed to assess the differences of the results of momentum strategy and the market. The results show that momentum strategy provides higher returns than the market does.This experiment suggests that momentum investing strategy is applicable in IDX.
Bina Nusantara University
2012-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/432
10.21512/jafa.v5i1.432
Journal of Applied Finance and Accounting; Vol. 5 No. 1 (2012): Publish on November 2012; 71 - 109
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/432/412
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/433
2020-04-20T16:32:42Z
JAFA:ART
EVALUASI EFEKTIVITAS SISTEM INFORMASI MANAJEMEN DAN AKUNTANSI BARANG MILIK NEGARA ( SIMAK-BMN ) DI DEPARTEMEN KEBUDAYAAN DAN PARIWISATA REPUBLIK INDONESIA
Rahardiyanti, Anggita Kiki
Abdurachman, Edi
Effectiveness
Information Systems
SIMAK-BMN
goods belonging to the State.
The Government obligate to secure BMN. The security include physical security, administrative, and legal secure. In order to secure the necessary administrative administration system that can create a control (controlling) on BMN. Thus the necessary tools in the form of system that can simplify the administration and control of BMN. Management Information Systems and Accounting State Assets (SIMAK-BMN) was organized with the aim to produce the necessary information as a tool of accountability for the implementation of the budget and management / control BMN controlled by an accounting unit of goods. But until now has not carried out an evaluation of the level of keefektivitas SIMAK-BMN especially in the Ministry of Culture and Tourism. Therefore conducted a study to determine the factors that influence the effectiveness of SIMAK-BMN. So this study can be useful for applications maker SIMAK-BMN in knowing what the important factors that must be considered to improve the effectiveness of SIMAK-BMN which have been implemented. The result is that the factors that influence the effectiveness of SIMAK-BMN are Facility, Usability and Quality Systems. Without the factors above, it is very unlikely that SIMAK-BMN can operate effectively.
Bina Nusantara University
2012-11-29
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/433
10.21512/jafa.v5i1.433
Journal of Applied Finance and Accounting; Vol. 5 No. 1 (2012): Publish on November 2012; 110 - 128
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/433/413
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/792
2020-04-20T16:32:32Z
JAFA:ART
FINANCIAL RESTRUCTURING DRIVEN BY SINGLE PRESENCE POLICY (SPP) (A CASE STUDY MERGER AT PT. BANK NIAGA TBK AND LIPPO BANK TBK)
Kristanto, Mikael Rommy
Sihotang, Parulian
financial restructuring
single presence policy
merger
Indonesian banking architecture.
The issuance of Single Ownership Policy stated in PBI No. 8/16//PBI/2006 has an implication on the controlling shareholders in more than one bank. The shareholders are given three choices to make adjustment of their structure of ownership in order to match it with the single ownership policy. One of the choices available is merger. At one side, merger can increase its capital and minimize the number of existing banks. On the order side, merger can also result in monopoly that inflicts loss to the fair business competition. The first objective of Financial Restructuring or Merger is to take measures that avert the impending insolvency and that ensure the sort-term survival of the business. This is the prerequisite for a sustainable restructuring process. The medium and long term goal of financial restructuring is reestablishment of a healthy and solid capital structure. In Bank Niaga and Lippo Bank merger process was driven by Single Presence Policy which normatively obligates the controlling share holders of a bank to consolidate its share possession by divesting their share, merging or even forming a holding company. One of the existing controlling share holder by far already got impacted by this policy is Khazanah National Berhad, a foreign investor from Malaysia, who used to control Bank Niaga and Lippo Bank. The SPP indicated its implementation in Indonesia, which foremost align with vision of Indonesian Banking Architecture which is to designate healthy, strong and dynamic national banking structure.
Bina Nusantara University
2013-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/792
10.21512/jafa.v5i2.792
Journal of Applied Finance and Accounting; Vol. 5 No. 2 (2013): Publish on June 2013; 129 - 155
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/792/750
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/793
2020-04-20T16:32:32Z
JAFA:ART
DO INDONESIAN MANAGERS TIME THEIR CORPORATE BONDS?
Andreani, Christine
Tamara, Dewi
corporate bond
bond market timing.
Corporate bonds are becoming popular in Indonesian capital market due to the ongoing decline in interest rates and the increase in credit rating. Debt Market Timing Theory argues that managers try to time their bonds issuance according to the market interest rate, relatively. This paper aims to analyze the debt issuance timing profile of Indonesian public listed companies. The samples are 24 bonds issuances, which have maturity period between 3 to 7, and companies already issued more than 1 bond issued within year 2009 and 2011. The manager’s behavior to time government bond rates is observed in the 5 working days window, whether the corporate bonds being issued at the lowest market interest rate (i.e., government bond rates) on the window. Bootstrap method is utilized to construct counterfactual data. The research finds that 7 out of 24 bonds issuance were issued at the lowest government bond yield within the window. Indonesian public listed companies had no ability to time their bond issuances during period 2009 until 2011. This paper reveals that the frequency of bond issuances made by each Indonesian company does not necessarily determine their capability to time government bond rates. However, bootstrap is a useful and more robust tool to help assessing the debt market timing ability when the samples taken are small in numbers.
Bina Nusantara University
2013-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/793
10.21512/jafa.v5i2.793
Journal of Applied Finance and Accounting; Vol. 5 No. 2 (2013): Publish on June 2013; 156 - 196
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/793/751
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/794
2020-04-20T16:32:32Z
JAFA:ART
ANALYSIS OF OPEX, OIL LIFTING AND INDONESIA CRUDE PRICE IN AFFECTING CONTRACTOR’S NET SHARE ON AN OIL AND GAS COMPANY IN INDONESIA
Widiastuti, Endah
Kurniawan, Rudy
oil and gas
production sharing contract
contractor net share
opex
oil lifting
ICP
multiple regression analysis.
Oil and gas industry is an international scale of business which is very affected with the global issue and situation. Indonesia is a country that known for its wealth of natural resources especially in oil and gas resources. Production-Sharing Contract is the form cooperation types of contractual arrangements for petroleum exploration and development in Indonesia. With current oil and gas business situation, where oil prices are fluctuative, oil lifting is decreased, operating expenditure of a company tends to increase. The trend of contractor’s net shares on this oil and gas company in Indonesia is fluctuative, it seems very unpredictable pattern. If its continuing, it can obstruct the company’s sustainability and growth. In order to know the significance factor and to optimize the contractors net share of this unpredictable pattern during time limitation to the end of contract then it raises the need to quantify, model and know the significant factors that is affecting the performance of Production Sharing Contract’s net share. Thus can be done based on historical financial data report. The data obtained is used to measure the relationship of independent variables such as operating expenditure, oil lifting and Indonesia crude price to the dependent variable: contractor’s net share in order having a base of decision making to determine the action plan for the PSC by using multiple regressions as its methods. The result showed that oil liftings and Indonesia crude price significantly affect the contractor’s net share.
Bina Nusantara University
2013-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
https://journal.binus.ac.id/index.php/JAFA/article/view/794
10.21512/jafa.v5i2.794
Journal of Applied Finance and Accounting; Vol. 5 No. 2 (2013): Publish on June 2013; 197 - 223
2746-6019
1979-6862
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/795
2020-04-20T16:32:32Z
JAFA:ART
THE INFLUENCE OF CORPORATE DISCLOSURE LEVEL ON COST OF EQUITY CAPITAL: EVIDENCE FROM INDONESIA
Tamara, Angela
Hutagaol, Yanthi
corporate disclosure
cost of equity capital.
This research investigates the level of corporate disclosure in Indonesia and how corporate disclosure may influence company’s cost of equity capital. Moreover, this research is also wanted to investigate the profile of corporate disclosure in Indonesia.The samples used in this research are companies that are listed in LQ-45 from 2006 to 2010. The corporate disclosure information is derived from the annual report. Moreover, related information required are also extracted from annual report, such as leverage, total asset and auditor quality. For data analysis, this research will employ a multiple regression to determine the association among variables. The result shows the disclosure level in Indonesia is actually affected cost of equity capital even though the level of significant is considered as low. As the conclusion, although most of companies does not disclosed information as the expected number of regulation, Indonesia capital market still can be considered as semi strong since the information that are available for public are actually affecting investors decision on investment.
Bina Nusantara University
2013-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/795
10.21512/jafa.v5i2.795
Journal of Applied Finance and Accounting; Vol. 5 No. 2 (2013): Publish on June 2013; 224 - 239
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/795/752
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/796
2020-04-20T16:32:32Z
JAFA:ART
ANALISIS VALUASI NILAI WAJAR SAHAM PT. ADARO ENERGY TBK MENGGUNAKAN METODE FREE-CASH FLOW TO FIRM (FCFF)
Hutapea, Ecryna Cyntia
Poernomoputri, Tyara Pratiwi
Sihombing, Pardomuan
valuation
intrinsic value
market value
discounted cash flow
free cash flow to firm
overvalued
undervalued.
PT Adaro Energy Tbk, an Indonesian private company engaged in coal mines and became the largest thermal coal producers both in Indonesia, which also operates coal mines and have the single biggest in the southern hemisphere. Coal products PT Adaro Energy Tbk has medium levels of energy content, and assign its trademark with the name of the Envirocoal. PT Adaro Energy Tbk is officially listed on the Indonesia Stock Exchange (BEI) on July 16, 2008 and was recorded as the largest company in the history of the Stock Exchange for deals done in rupiah (whereas in the US $ is the currency of the latter), and an IPO 4th largest for the year 2008 in Asia (excluding Japan) with a stock offering as much 11.139331 billion shares. To assess the stock price of PT Adaro Energy Tbk in the market, the valuation of shares is needed, where the valuation of these shares will be known intrinsic value (fair price). The method used in this valuation is the Discounted Cash Flow method using the model of Free Cash Flow to Firm. Valuation results would be very useful to be used as the basis for making investment decisions to buy, hold or sell stock. Based on the calculation that stock valuations have been carried out, obtained the intrinsic value of PT Adaro Energy Tbk amounting to Rp 1,570 while the price of shares in PT Adaro Energy Tbk as at July 6, 2012 is $ 1,866, with the conclusion of the stock price of PT Adaro Energy Tbk undervalued or is below the market price.
Bina Nusantara University
2013-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/796
10.21512/jafa.v5i2.796
Journal of Applied Finance and Accounting; Vol. 5 No. 2 (2013): Publish on June 2013; 240 - 270
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/796/753
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/835
2020-04-20T16:31:57Z
JAFA:ART
BANK MONITORING AS AN EXTERNAL GOVERNANCE MECHANISM AND THE BORROWERS’ FIRM VALUE
Dina, Alexandra Ryan Ahmad
Hermawan, Ancella Anitawati
corporate governance
bank monitoring
bank loan
firm value.
The objective of this research is to examine the effect of bank monitoring as an alternative of corporate governance mechanisms on the borrowers’ firm value. The strengths of bank monitoring on the borrowers are measured based on the magnitude of the bank loan, the size of the loan from banks with high monitoring quality, the length of a bank loan outstanding period, and the number of lenders. The research hypotheses were tested using multiple regression model with a sample of 230 companies listed in Indonesia Stock Exchange during 2009. The empirical results show that only the size of the loan from banks with high monitoring quality and the number of lenders significantly influences the borrowers’ firm value. These findings imply that only banks with high monitoring quality could play an important role in the corporate governance and therefore increasing the firm value by their monitoring function. Furthermore, bank monitoring is less effective if a company borrows from many banks, and therefore decreasing the firm value.
Bina Nusantara University
2013-11-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/835
10.21512/jafa.v6i1.835
Journal of Applied Finance and Accounting; Vol. 6 No. 1 (2013): Publish on November 2013; 1 - 24
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/835/781
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/836
2020-04-20T16:31:57Z
JAFA:ART
EMPIRICAL INVESTIGATION OF DETERMINANT FACTORS OF COMPANY DELISTING: EVIDENCE FROM INDONESIA
Benny, Leslie
Hutagaol, Yanthi
delisting
determinants
liquidity
logistic regression
IDX.
The main purpose of the research is to evaluate determinant factors which contribute to companies being delisted from Stock Exchange Market in Indonesia. The samples are taken from the delisted companies list in IDX for a period year 2007-2011. The matching companies are then selected based on the company size to make an equivalent comparison for each delisted companies sample. The total final samples consist of 58 companies, 29 delisted companies and 29 matching companies. This research analyzes the company’s financial status by using descriptive statistics, independent sample t-test, and logistic regression model to find the effect of each determinant to the probability of delisting. The shares liquidity is a significant determinant to company’s delisting in Indonesia. Meanwhile, profitability and leverage seems to be determinant factors for delisted, but appear to be insignificant. Other examined factors, market capitalization and growth opportunity appear to insignificant determinants. This manager implication of this research is that the strong delisting factor is the external company factor, in this case, the market factor.
Bina Nusantara University
2013-11-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/836
10.21512/jafa.v6i1.836
Journal of Applied Finance and Accounting; Vol. 6 No. 1 (2013): Publish on November 2013; 25 - 66
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/836/782
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/837
2020-04-20T16:31:57Z
JAFA:ART
RELATIVE VALUATION MODEL ANALYSIS OF IDX
Inezwari, Dian K.
relative valuation
price to earnings
price to book value
price to cash flow
price to sales
prediction accuracy.
There are various valuation models can be used by investors in order to predict the stock value. This paper focuses on the Relative Valuation Model, which is the popular model used by investors as it is easier to use compared to other models. The aim of this paper is to compare the prediction accuracy of various ratios in the model. Ratios examined in this paper are Price to Earning (PE), Price to Book Value (PBV), Price to Cash Flow (PCF), and Price to Sales (PS). Using the LQ45 listed stocks during period 2006 – 2010, it is found that, overall, PBV appears to be the best ratio to predict LQ45 stocks in Indonesian equity market. However, mixed results are found in the yearly analysis, in which PE, PBV, and PCF result in lower prediction errors, in different years. In the sector industry analysis, both PE and PBV are the best predictors in three sectors each. The descriptive analysis is supported by the hypo research testing that shows the accuracy of examined ratios is different. The research result implication is that investors should take time and sectors into the account before choosing a single ratio as a predictor.
Bina Nusantara University
2013-11-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/837
10.21512/jafa.v6i1.837
Journal of Applied Finance and Accounting; Vol. 6 No. 1 (2013): Publish on November 2013; 67 - 96
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/837/783
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/838
2020-04-20T16:31:57Z
JAFA:ART
DIVIDEND PAYOUT RATIO: FACTORS THAT AFFECT IT, AND SUBSEQUENT EARNING GROWTH
Susanto, Antoni
Tirok, Junius
Indonesian stock exchange
dividend payout ratio
returns on assets
debt to equity ratio
firm size
maturity
subsequent earnings growth.
This paper is to investigate the determinants of the Dividend Payout Ratio (DPR) of Indonesian firms. Five factors (maturity, cash availability, leverage, profitability, firm size) are analyzed as the DPR determinants. Additionally, this thesis also examines the ability of DPR to serve as a signal subsequent year’s earnings growth. Multiple regression models is used in this paper to analyze research sample that consists of 180 firms that are listed in Indonesia Stock Exchange (IDX) and paid dividends during 2003-2008. The results shows that cash availability and maturity are significant determinants of DPR. Further analysis shows that the DPR signals subsequent earnings growth, the result concludes that mature firms has high dividend payment ratio, which supports firm lifecycle theory. High DPR results in high subsequent earnings growth, which supports Black’s (1976) claim that DPR carries information on future growth.
Bina Nusantara University
2013-11-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/838
10.21512/jafa.v6i1.838
Journal of Applied Finance and Accounting; Vol. 6 No. 1 (2013): Publish on November 2013; 97 - 111
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/838/784
Copyright (c) 2021 Journal of Applied Finance & Accounting
oai:ojs.journal.binus.ac.id:article/6360
2020-04-01T18:44:25Z
JAFA:ART
oai:ojs.pkp.sfu.ca:article/6377
2021-03-29T05:14:05Z
JAFA:ED
Editorials
Winoto, Agustinus
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6377
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 20200
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6377/3811
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6378
2021-03-29T05:14:05Z
JAFA:ART
THE EFFECT OF CAPITAL INTENSITY, EXECUTIVE CHARACTERISTICS, AND SALES GROWTH ON TAX AVOIDANCE
Prawati, Levana Dhia
Hutagalung, Jessica Pinta Uli
tax avoidance
capital intensity
executive character
sales growth
This study aims to examine and obtain empirical evidence about the effect of capital intensity, executive character, and sales growth on tax avoidance in Indonesia public listed consumer goods industry companies over the period of 2016-2018. Using a purposive sampling method, the sample selected in this study is 30 companies. This study uses multiple linear regression analyses to examine the effect of independent variables on the dependent variable. This study shows that capital intensity and executive characteristics have significant effects on tax avoidance. Meanwhile, sales growth has no significant effect on tax avoidance.
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6378
10.21512/jafa.v7i2.6378
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 2020; 1-8
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6378/3812
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6379
2021-03-29T05:14:05Z
JAFA:ART
ANALYSIS OF THE EFFECT OF PROFITABILITY, LIQUIDITY, LEVERAGE AND COMPANY GROWTH AGAINST DIVIDEND POLICY IN LQ-45 COMPANIES PERIOD 2015-2017
Adityo, Wisnu
Heykal, Mohamad
profitability
liquidity
leverage
growth
dividend policy
This study is conducted to determine the effect of profitability, liquidity, leverage, and the growth of the company on dividend policy in the LQ-45 company listed on the Indonesia Stock Exchange for the period 2015-2017. This type of research is quantitative. Data analyzed is in a total of 81 observations. This study used Eviews version 9 for data analyzing. Results indicate that profitability has a significant negative effect on dividend policy while liquidity, leverage, and growth have no significant effect on dividend policy.
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6379
10.21512/jafa.v7i2.6379
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 2020; 9-16
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6379/3815
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6380
2021-03-29T05:14:05Z
JAFA:ART
DETERMINATION of MOTIVATION Muzakki PAYING ZAK at ZAKAT MANAGEMENT Institution (Case study on MSME owners)
Nurkholis, Nurkholis
Jayanto, Prabowo Yudo
Zakat
Motivation to pay zakat
SME
This study aims to test and analyze factors that influence the motivation of Muzakki to pay zakat through religiosity, understanding of zakat, level of income, environmental, accountability of zakat management agency and socialization of zakat management agency. The population in this research is all Muslim SMEs in Semarang, while 100 Muslim SME owners in Semarang that are randomly sampled. Data is collected using the questionnaires and analyzed using Structural Equation Modeling (SEM) and Partial Least Square (PLS) with Smart analysis tool PLS 3.0. The study shows that religiosity, understanding of zakat, income level, environment, and accountability of the zakat management agency has a positive and significant influence on the motivation of Muzakki to pay Zakaah. While socialization of zakat management zakat has no significant effect.
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6380
10.21512/jafa.v7i2.6380
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 2020; 17-28
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6380/3816
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6381
2021-03-29T05:14:05Z
JAFA:ART
THE EFFECTS OF INFLATION, RISK, AND MONEY SUPPLY ON MUTUAL FUNDS PERFORMANCE
Cheng, Leonardo
Dewi, Kartika
Stock mutual funds performance
Inflation
Risk rate
Money supply
This research aims to examine the effect of inflation, risk rate and money supply on the performance of stock mutual funds in the 2015-2017 period. This research uses purposive sampling and obtained 25 mutual funds stocks per year with a total sample of 75 samples. The analysis uses panel data regression with e-views version 9. The results show that inflation and money supply variable have a significant negative influence, while the risk rate variable has a significant positive influence. This shows that the performance of the stock mutual funds is influenced by macroeconomic factors such as inflation, the level of risk of each mutual fund product and the amount of money circulating in the community.
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6381
10.21512/jafa.v7i2.6381
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 2020; 29-34
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6381/3817
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6382
2021-03-29T05:14:05Z
JAFA:ART
FACTORS AFFECTING AUDIT DELAY IN MANUFACTURING COMPANIES
Armand, Wishnu Kameshwara
Handoko, Bambang Leo
Felicia, Felicia
Audit Delay
Profitability
Solvability
Complexity
Reputation of Audit Firm
Company’s Age
Financial reporting in a timely manner is one of the important factors to maintain the relevance of the information contained in the financial statements of a company. The purpose of this research is to analyze the influence of profitability, solvability, the complexity of operations, audit firm’s reputation and company’s age on audit delay, partially and simultaneously. This research uses secondary data obtained from goods and consumption industry sector companies listed on the Indonesia Stock Exchange from 2015-2018. This study used a purposive sampling method that produced 28 companies and 112 samples. Sample data were processed using descriptive statistical analysis, classic assumption test and multiple linear regression. The result of the partial significance test shows that the profitability and complexity of operations influence audit delay, while the simultaneous significance test shows that all variables simultaneously influence audit delay.
Bina Nusantara University
2020-04-20
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6382
10.21512/jafa.v7i2.6382
Journal of Applied Finance and Accounting; Vol. 7 No. 2 (2020): Publish on June 2020; 35-44
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6382/3818
Copyright (c) 2020 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/6858
2022-04-01T13:45:20Z
JAFA:ART
FACTORS AFFECTING FRAUD PREVENTION AND ITS IMPLICATION TO THE QUALITY OF FINANCIAL STATEMENTS
Budiman, Monika
Anwar, Choirul
Sudjono, Sudjono
Internal Control
Internal Audit
Risk-Based Audit
Audit Committee
Whistleblowing System
Fraud Prevention
Quality of Financial Statement
The study aims to determine the effect of internal control, internal audit, risk-based audit, audit committee, and whistleblowing system on fraud prevention and its implications to the quality of financial statements. The sample consisted of 7 companies from 12 populations of chemical sub-sector companies and 5 companies from 10 populations of pharmaceutical sub-sector companies listed on the Indonesia Stock Exchange in 2018. Data were collected using questionnaires with 154 respondents. The analysis technique using Structural Equation Modeling (SEM) and processed with Lisrel 8.8. The results indicate that, partially, internal control, internal audit, risk-based audit, and audit committee have a positive and significant effect on fraud prevention, while the whistleblowing system partially has a negative and insignificant effect. However, simultaneously, the direct effect of internal control, internal audit, risk-based audit, audit committee, and whistleblowing system on fraud prevention have a positive and significant effect. The results also show partially internal control, internal audit, whistleblowing system, and fraud prevention have a positive and significant effect on the quality of financial statements while risk-based audit has a positive but not significant effect and the audit committee has a negative and insignificant effect on the quality of financial statements. However, simultaneously, the indirect effect of internal control, internal audit, risk-based audit, audit committee, whistleblowing system on the quality of financial statements through fraud prevention have a positive and significant effect.
Bina Nusantara University
2022-03-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/6858
10.21512/jafa.v8i1.6858
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021; 1-25
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/6858/4444
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/7364
2022-04-01T13:45:20Z
JAFA:ART
APPLIED PUBLIC SECTOR ACCOUNTING FOR BROADBAND INFRASTRUCTURE DEVELOPMENT WITH PUBLIC PRIVATE PARTNERSHIP SCHEME: A LITERATURE REVIEW
Steelyana, Evi
Public-Private Partnerships (PPP)
Public Sector Acounting
Broadband Infrastructure
Systematic Literature Review
Governments all around the world are increasingly focusing on Public-Private-Partnership (PPP) schemes to develop broadband infrastructure. Private sector participation in the development and funding of public infrastructure has had a substantial impact on the delivery of public services. In PPP Broadband Infrastructure, there has been no attempt to integrate the literatures in order to present a holistic view. To expand our knowledge of PPPs in Public Sector Accounting Discipline, the author conducted a systematic literature review of articles published in international journals and to analyze the contribution of it to the body of knowledge. By using a qualitative method, the objective of the study is to find the major theme of public sector accounting literatures based on research of PPP in Broadband Infrastructure for the past 20 years (2000-2020) from the qualified international journals. The study also aims to find contribution of the major theme on infrastructure development and the direction of the future research that need to be addressed. The study found that UK is the country which has been publishing journals on PPP with high intensity of publication. Another findings are the literatures were published in high quality journal with scopus indexed is 60% in Q1 and followed 25% in Q2 and 15% in Q3. The main findings of this study identified four main topics in this discipline which are Public Policy Strategy has become the major theme in the field of research and become the first rank, followed by another themes which are PPP Implementation, PPP Framework and Value of Money. Therefore, in PPP research as part of Public Sector Accounting Literatures has shown that Public Policy Strategy as part of government’s role in shaping the regulatory framework and plays an important role to catalyst the infrastructure development into the next level.
Bina Nusantara University
2022-03-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/7364
10.21512/jafa.v8i1.7364
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021; 26-36
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/7364/4450
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/7381
2022-04-01T13:45:20Z
JAFA:ART
CORPORATE GOVERNANCE AND EARNINGS MANAGEMENT: EVIDENCE OF LISTED INDONESIAN COMPANIES
Natasya, Evelyn
Earnings Management
Competence of Board Commissioner
Competence of Audit Committee
Audit Quality
Revenue Growth
The purpose of this research is to investigate the relationship of corporate governance such as competence of board commissioner and audit committee, audit quality and earnings management in 434 manufacturing sector companies listed in Indonesia Stock Exchange period year 2016-2018. Earnings management proxied by discretionary accrual and profitability proxied by return-on-asset. The results of this study are: (1) firm’s size as control variable is significantly negative influences earnings management (2) profitability which proxied by return-on-asset is significantly negative influences earnings management. Meanwhile, this research did not find support evidence that competence of board commissioner, competence of audit committee, audit quality, revenue growth connection significantly influences on earnings management. Companies can analyze the earnings management through company size and financial ratios such as profitability.
Bina Nusantara University
2022-03-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/7381
10.21512/jafa.v8i1.7381
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021; 37-45
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/7381/4451
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/7387
2022-04-01T13:45:20Z
JAFA:ART
DESIGNING VALUE ADDED TAX POLICY ON PEER-TO-PEER LENDING IN INDONESIA
Kartiko, Nafis Dwi
Rachmi, Ismi Fathia
fintech
peer-to-peer lending
value-added tax
Fintech is one of the newest business models in finance that take advantage of technological advances. One form of fintech in Indonesia is peer-to-peer lending. Based on the 1984 VAT Law, one service not subject to value-added tax is financial services. The reason globally for this is the difficulty in determining the tax base. However, according to the authors, these reasons cannot be accepted by considering the peer-to-peer lending business model. The authors provide reasons based on classical theory and existing empirical facts. This research outlines the urgency of establishing laws at the level of laws on fintech and the imposition of value-added taxes on peer-to-peer lending in Indonesia. In conclusion, the authors suggest that the government needs to (1) encourage the formation of laws and regulations at the level of the law on fintech to include criminal provisions such as laws in other financial institutions; (2) imposing a value-added tax on peer-to-peer lending, and (3) We encourage tax authorities to issue implementing regulations related to the imposition of value-added tax on peer-to-peer lending in Indonesia.
Bina Nusantara University
2022-03-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/7387
10.21512/jafa.v8i1.7387
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021; 46-62
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/7387/4452
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8122
2022-04-01T13:45:20Z
JAFA:ART
AN EVALUATION OF INTERNAL CONTROL IMPLEMENTATION: A CASE STUDY OF EXHIBITION COMPANY
Yanti, Yanti
Revenue Cycle
Internal Control
Evaluation
COSO Framework
This study aimed to evaluate the revenue cycle implemented in the Exhibition Company to identify the weaknesses and limitations of internal controls related to revenue cycles by referring to the COSO's Internal Control Framework. The study uses a qualitative descriptive approach by assessing the current revenue cycle implemented at the Exhibition Company and the internal control. The process of collecting data is through interviews and observation. Based on the evaluation, there are weaknesses in internal control in the revenue cycle applied by the company. This study indicates that the internal control is still not effective following the COSO framework, leading to the possibility of a fraudulent act in the company. Therefore, as its business continues growing, it is essential to focus more on its revenue cycle system and internal control to implement an effective and efficient procedure to support its operating performance. Furthermore, it suggests improvement as needed based on COSO's internal control framework to overcome the discovered potential weaknesses.
Bina Nusantara University
2022-03-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8122
10.21512/jafa.v8i1.8122
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021; 63-71
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8122/4453
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8130
2022-05-09T06:38:00Z
JAFA:ART
ANALYSIS OF ACCOUNTING INFORMATION SYSTEMS SALES AND CASH RECEIPTS TO IMPROVE INTERNAL CONTROL
Meiryani, Meiryani
Reyhan, Reyhan
Accounting Information System
Cash Receipts
Cash Sales
Internal Control
Sales accounting information system and cash receipts is one of the sub-systems in accounting information that describes the correct procedures for sales and cash receipts activities. The problem in this study is how to implement a sales information system and cash receipts at PT Sumber Alfaria Trijaya. The type of research used by researchers in the preparation of this study is a qualitative method. The data used in this study is primary data. Data collection procedures are observation, documentation and direct interviews to the object of research. The conclusion of this study is the application of accounting information systems in cash sales and cash receipts at PT Sumber Alfaria Trijaya is still not good, seen from the dual function, namely the delivery function which doubles as a warehouse function and the lack of data and completeness. The analysis of the accounting information system for cash sales and cash receipts on internal control at PT Sumber Alfaria Trijaya is still not good and weak because there are several problems including the existence of multiple functions by the Assistant Head of the store, cash is not directly deposited to the Bank. In the cash function bill, and the amount of cash receipts from cash sales deposited in the bank on the third day not on the day of the transaction. Then there is also no periodic or sudden checking of cash balances by internal control.
Bina Nusantara University
2022-05-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8130
10.21512/jafa.v8i2.8130
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8130/4464
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8150
2022-06-30T09:19:54Z
JAFA:ART
FACTORS INFLUENCING FIXED INCOME MUTUAL FUND PERFORMANCE
Nur, Triasesiarta
Fernandika, Frederick Valerio
Fund Age
Fund Size
Expenditure Ratio
Mutual Fund Past Performance
Income Fund Performance
A mutual fund is one of the investment instruments currently developing in Indonesia. There are many types of mutual funds, such as money market funds, fixed-income funds, equity funds, and mixed funds. When an investor invests their money in mutual funds, the investor has to be able to pick the best mutual funds based on mutual funds' performance and their risk profile. There are a lot of factors to determine mutual funds' performance. This research aims to analyze the effect of fund age, fund size, expenditure ratio, and past performance on fixed income mutual funds performance starting from 2016 – 2019. The performance of fixed income mutual funds is measured with the Sharpe method. Multiple regression results analyzed data from the research. The research results show that fund age has a negative and significant effect on fixed income mutual funds. Meanwhile, fund size, expenditure ratio, and past performance don’t significantly affect the performance of fixed-income mutual funds. This research provides investors insight into being more selective in choosing mutual fund products, especially fixed income mutual funds. Furthermore, portfolio managers might use this study to assess the performance of the mutual funds they manage. So that the mutual funds they manage might have a higher future performance. The study contributes to a better understanding of the factors to consider when investing in fixed income mutual funds.
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8150
10.21512/jafa.v9i1.8150
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8150/4512
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8153
2022-05-09T06:38:00Z
JAFA:ART
THE COMPARATIVE ANALYSIS OF FINANCIAL PERFORMANCE AND TRADING VOLUME DURING MERS AND COVID-19 ON THE INDONESIA AND MALAYSIA STOCK EXCHANGE
Hamid, Agustini
Arshanty, Risky
Financial Performance
Trading Volume Activity
MERS
COVID-19
We investigate the differences of financial performance and stock trading volume during the MERS and COVID-19 periods on the Indonesia and Malaysia Stock Exchanges. We used Wilcoxon Signed Rank Test. Wilcoxon Signed Rank Test model is selected because we compared Indonesia and Malaysia to conduct a paired difference test of repeated measurements on a single sample to assess whether their population mean ranks differ. Our sample consist of 140 companies that getting from 713 companies listed in the Indonesia Stock Exchange while Malaysia is composed of 345 companies from 597 listed company in Malaysia Stock Exchange. The results showed that MERS and COVID-19 have differences in total asset turnover (TATO) and stock trading volume on the Indonesia and Malaysia Stock Exchanges, while the Current Ratio as liquidity ratio and Debt to equity ratio as risk proxy have no differences on the Indonesia and Malaysia Stock Exchange. There is no difference in the operating Profit Margin as profitability ratio variable on the Indonesia Stock Exchange while there is a significant difference on the Malaysia Stock Exchange.
Bina Nusantara University
2022-05-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8153
10.21512/jafa.v8i2.8153
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8153/4465
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8159
2022-12-15T08:20:29Z
JAFA:ART
DETERMINANTS OF GOOD CORPORATE GOVERNANCE, FIRM SIZE, PROFITABILITY, AND LEVERAGE ON EARNING QUALITY
Siagian, Pariang
Amalia, Amalia
Lusianah, Lusianah
Earning Quality
Good Corporate Governance
Firm Size
Profitability
Leverage
Earnings management as a financial statement manipulation is not a new issue in the existing business. Yet, conducting income smoothing is suspected of keeping going in preparing the financial reports in specifying the profit with trickery. This paper wants to examine the determinants of some variables on earnings quality by employing the empirical data obtained from go public manufacturing companies’ periods of 2018 to 2020 in Indonesia. This study uses multiple linear regression to analyze, which is processed in accordance with the research purpose. The results achieved are some of the independent variables, namely Good corporate Governance, Company Size, and Leverage do not affect earnings quality, while Profitability does not significantly affect earning quality. The findings have important implications for company managers, better performance, and policymakers and provide useful information to assist the potential to invest, not only focusing on the profit reported without considering the other factors disclosed in the financial statements.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8159
10.21512/jafa.v9i2.8159
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8159/4634
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8161
2022-06-30T09:19:54Z
JAFA:ART
THE EFFECT OF CORPORATE GOVERNANCE, CASH FLOW, AND DIVIDEND POLICY ON COMPANY PERFORMANCE WITH FAMILY OWNERSHIP AS MODERATING VARIABLES ON MANUFACTURING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE
Christian, Alvin
Dewi, Kartika
Corporate Governance
Cash Flow
Dividend Policy
Firm Age
Family Ownership
The purpose of this research is to examine the effect of corporate governance, cash flow, and dividend policy on firm performance in manufacturing companies listed on Indonesia Stock Exchange period of 2016 – 2020. This research uses firm age as a control variable and family ownership as a moderating variable. The technique for the quantitative data uses a statistical tool, i.e. Moderated Regression Analysis (MRA). The results shows that cash flow has a positive effect on firm performance. Meanwhile, corporate governance, and dividend policy have no effect on firm performance the implication is the members of corporate governance may come from non-family members or majority are non-family member so the family can not force regulation as well as dividend policy. Then family ownership is able to strengthen the relationship between corporate governance on firm performance since family members can enforce regulations and procedures. However, family ownership is not able to strengthen or weaken the relationship between cash flow, and dividend policy on firm performance because cash flow and dividend policy are based on company’s daily operation.
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8161
10.21512/jafa.v9i1.8161
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8161/4513
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8165
2022-05-09T06:38:00Z
JAFA:ART
THE EFFECT OF SELF REGULATED LEARNING, HIGH SCHOOL MAJORS, AND NATIONAL EXAMINATION SCORES ON ACADEMIC ACHIEVEMENT OF ACCOUNTING STUDENTS IN JAKARTA
Christanty, Livia
Arifin, Lidiyawati
Self-Regulated Learning
High School Majors
National Examination Scores
Academic Achievement
Accounting Student
The purpose of this research is to determine the impact of self-regulated learning (SRL), high school majors and national examination scores on academic achievement of accounting students in Universities in Jakarta. The data is collected with questionnaires with random sampling method and the samples obtained are 150 samples. The method of analysis is by using multiple linear regression. The results show that there is no significant relationship between self-regulated learning (SRL) and academic achievement (AA), high school majors (HSM) show results that have a negative and significant effect on academic achievement, while for the national examination scores (NES), it can be concluded that there is significant positive relationship between the national examination scores and academic achievement.
Bina Nusantara University
2022-05-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8165
10.21512/jafa.v8i2.8165
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8165/4466
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8206
2022-05-09T06:38:00Z
JAFA:ART
SPIRITUALITY ANALYSIS AND ORGANIZATIONAL COMMITMENTS IN MURABAHAH WITH INDIVIDUAL ACCURACY AS MEDIATION VARIABLE
Heykal, Mohamad
Herawati, Vinola
Murabaha
Financing
Spirituality
Individual
Accuracy
The objective of this study is to analyze the spirituality of work and organizational commitment especially in murabahah financing. This study based on primary data and with explanatory format. This research environment for this study is real in the Islamic banking entitites in Jakarta. The sample of this research is financing staff in Islamic banking in Jakarta and the questioner was distributed to them. The result of this study is spirituality will influence the decision making process of murabaha financing in the Islamic financial entities in Jakarta with the mediation variable is individual accuracy mediates the relationship between murabaha financing approval processes and commitment to organizational goals.
Bina Nusantara University
2022-05-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8206
10.21512/jafa.v8i2.8206
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8206/4467
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8291
2022-12-15T08:20:29Z
JAFA:ART
THE EFFECT OF COMPENSATION SCHEMES, OBEDIENCE PRESSURE, AND SELF-EFFICACY ON BUDGETARY SLACK
Anastasia, Dimietry
Lasdi, Lodovicus
Compensation Scheme
Obedience Pressure
Self-Efficacy
Budgetary Slack
Budgetary Slack is the most common problem when preparing a budget. Budgetary Slack occurs when there is a difference between the number of best budget estimates and the total budget proposed by subordinates. Several factors can affect budgetary slack, including compensation schemes, obedience pressure, and self-efficacy. This experimental study examines and analyzes the effect of compensation schemes, obedience pressure, and self-efficacy on budgetary slack. This experiment used a 2x2x2 between-subject experimental design; participant data was obtained by filling out a google form. Testing of participant data was used using Levene's test and univariate ANOVA. The conclusion is that budgetary slack is affected by the compensation scheme. Therefore, managers should be aware of the benefits and drawbacks of the pay plan that the firm will implement in advance.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8291
10.21512/jafa.v9i2.8291
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8291/4635
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8292
2022-05-09T06:38:00Z
JAFA:ART
THE EFFECT OF CORPORATE GOVERNANCE MECHANISM, STAKEHOLDER PRESSURE, AND PROFITABILITY ON INTEGRATED REPORTING
Lasdi, Lodovicus
Oematan, Elisabeth Listiyani
Integrated Reporting
Independent Commissioner
Audit Committee
Stakeholder Pressure
Profitability
Company Size
This study aims to examine the effect of corporate governance mechanisms, stakeholder pressure, and profitability on integrated reporting, with firm size as a control variable. The research object used is a manufacturing company listed on the Indonesia Stock Exchange (IDX) for the period 2017-2020 with purposive sampling method as a sample collection method. The data analysis technique used is multiple linear analysis. The results showed that independent commissioners and firm size had a positive effect on integrated reporting. Meanwhile, the audit committee has a negative effect on integrated reporting. In addition, stakeholder pressure and profitability are not proven to have an effect on integrated reporting.
Bina Nusantara University
2022-05-09
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8292
10.21512/jafa.v8i2.8292
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8292/4468
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8306
2022-06-30T09:19:54Z
JAFA:ART
THE EFFECT OF ENVIRONMENTAL INVESTMENT AND FIRM ENVIRONMENTAL PERFORMANCE ON FIRM VALUE: AN EMPIRICAL STUDY IN INDONESIA
Safitri, Vera Apri Dina
Nani, Dhiona Ayu
Lindrianasari, Lindrianasari
Environemental Investment
Environmental Performance
PROPER
Firm Value
This study examines the effect of environmental investment and firm environmental performance on firm value. The method used is a quantitative method with secondary data. This study used panel data from firms' financial statements sensitive to environmental issues. The sample was companies sensitive to environmental issues, such as mining, plantation, and manufacturing companies listed on the Indonesia Stock Exchange (IDX) during 2014-2017. The results of this study indicate that investment in the environmental sector and firm environmental performance have a positive but not significant effect on firm value. This result shows that the investment in environmental conservation conducted by companies was effective for improving the firm value but not significant; this is because the investment in the environmental sector companies spend in Indonesia is still minimal. The results of this study also show that environmental performance has a positive but insignificant effect; this is because, based on existing data, not many companies in Indonesia have received gold and green ratings. The implications of this study are (a) the company's efforts in preserving the environment because their business activities are not only beneficial for the surrounding society, but this will improve the firm's environmental performance and sustainability, and (b) investment in the environmental sector is essential for companies to achieve good environmental performance, and (c) for accounting standard setters (IAI) and the Government, more binding rules are needed for companies to disclose the costs of environmental conservation.
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8306
10.21512/jafa.v9i1.8306
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8306/4514
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8312
2022-06-30T09:19:54Z
JAFA:ART
THE INFLUENCE OF LIQUIDITY, PROFITABILITY, SOLVENCY AND STOCK PRICES ON STOCK LIQUIDITY LQ 45
Juwita, Anita
Pratama, Putu Aditya
Liquidity
Profitability
Solvency
Stock Price
Stock Liquidity
This research to determine the effect of liquidity, profitability, solvency and stock prices on stock liquidity of LQ45 for companies listed at the Indonesia Stock Exchange period 2013-2020. The research method uses a quantitative approach and the population were all LQ45 companies listed at the BEI period 2013-2020. The sampling method using non-probability sampling with purposive sampling technique. This study using secondary data of financial statements and analysis technique using panel data regression model Eviews 10. The results showed that liquidity and solvability not affect on stock liquidity of LQ45 companies. Profitability has a positive and significantly effect on stock liquidity of LQ45 companies and stock prices have negative and significantly effect on stock liquidity of LQ45 companies.
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8312
10.21512/jafa.v9i1.8312
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8312/4517
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8323
2023-06-27T06:54:24Z
JAFA:ART
ANALYZING THE EFFECT OF FACTORS ON TAXPAYERS SATISFACTION USING E-FILING TAX REPORTING SYSTEM
Kresnandita, Sebastian Prasetya
Prawati, Levana Dhia
Lusiana
system quality, information quality, service quality, user satisfaction of the E-Filing System, DeLone and McLean
System Quality
Information Quality
Service Quality
User Satisfaction of The E-Filing System
DeLone and McLean
The biggest source of state revenue comes from tax revenue. To increase tax revenue and simplify taxpayers in tax reporting, The Directorate General of Taxes introduced an application system namely Electronic Filing System (E-Filing). With this system, taxpayers don’t need to come directly to the Tax Service Office to fulfill tax obligations in terms of SPT reporting, because SPT reporting can be done online by accessing the E-Filing System. The purpose of this study is to analyze the relationship between system quality, information quality, and service quality with personal taxpayers’ satisfaction in using the E-Filing System for tax reporting. This study uses a quantitative approach. The use of the measurement model is the success model from DeLone and McLean (2003). The results of this study are system quality and information quality have significant effects on the user of personal taxpayers’ satisfaction using the E-Filing System, and service quality hasn’t a significant effect on the user of personal taxpayers’ satisfaction using the E-Filing System.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8323
10.21512/jafa.v10i1.8323
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8323/4823
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/8340
2022-06-30T09:19:54Z
JAFA:ART
THE EFFECT OF BEHAVIOR, TRUST, AND LITERACY ABOUT PEER TO PEER LENDING ON FINANCIAL INCLUSION IN THE JAKARTA COMMUNITY
Sun, Yen
Angelina, Helen
Peer to Peer Lending
Behaviour
Trust
Literacy
Financial Inclusion
This study aims to analyze the effect of behavior, trust, and literacy about peer to peer lending towards financial inclusion in Jakarta. This research uses SEM (Structural Equation Modeling) research method which is processed using PLS software. The sample used in this study were 150 respondents. The results showed that: (1) Behavior and literacy had a significant effect on financial inclusion. (2) Trust does not significantly effect on financial inclusion. It was concluded that the better public behavior in financial matters supported with the higher public literacy about peer to peer lending services had a positive influence on financial inclusion in Jakarta.
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8340
10.21512/jafa.v9i1.8340
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8340/4515
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8409
2022-04-01T13:45:20Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2021-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8409
Journal of Applied Finance and Accounting; Vol. 8 No. 1 (2021): Publish on June 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8409/4458
oai:ojs.pkp.sfu.ca:article/8501
2022-05-09T06:38:00Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2021-12-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8501
Journal of Applied Finance and Accounting; Vol. 8 No. 2 (2021): Publish on December 2021
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8501/4469
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8663
2022-06-30T09:19:54Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2022-06-30
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8663
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8663/4510
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/8826
2022-08-05T07:09:34Z
JAFA:RET
Letter of Apology and Notice of Retraction
Fakunmoju, Segun
Bina Nusantara University
2022-08-05
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8826
Journal of Applied Finance and Accounting; Vol. 9 No. 1 (2022): Publish on June 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8826/4538
oai:ojs.pkp.sfu.ca:article/8904
2023-06-27T06:54:24Z
JAFA:ART
EXTERNAL AUDITOR APPOINTMENT IN INDONESIAN STATE-OWNED ENTERPRISES: THE ROLE OF POLITICAL CONNECTION AND ACCOUNTING IRREGULARITIES
Joceline, Annastasia
Soepriyanto, Gatot
Political Connection
Accounting Irregularities
Auditor Choice
Auditor Switching
State-Owned Enterprises
This research investigates how political connections and accounting irregularities affect the auditor appointment decision in Indonesian state-owned enterprises. This research considers auditor choice and switching decisions as its dependent variables. Political connection is calculated as a percentage of the firm's board of directors and commissioners with political connections. Accounting irregularities are calculated with Beneish M-Score. Employing the 235 firm-year observations from 2014 to 2018 using logit regression, this research documents the following results: (1) Political connection has a significant negative influence on auditor choice. (2) Accounting irregularities have a weak significant negative influence on auditor choice. (3) Political connection has no significant influence on auditor switching. (4) Accounting irregularities have no significant influence on auditor switching.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8904
10.21512/jafa.v10i1.8904
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8904/4824
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/8972
2022-12-15T08:20:29Z
JAFA:ART
THE EFFECT OF AUDITOR COMPETENCE, PROFESSIONAL SKEPTICISM, RED FLAG, AND INTERNAL CONTROL SYSTEM ON FRAUD DETECTION
Gunawan, Kenneth
Riyanal, Muhammad Fauzan
Handoko, Bambang Leo
Auditor Competence
Professional Skepticism
Red Flag
Internal Control System
Fraud Detection
Today more and more cases of fraud occur. In each of these cases, there is always an auditor's failure to detect fraud. It makes the fraud going on for a long time before being discovered. Based on this, we intend to research the factors influencing fraud detection. This study aims to determine the effect of auditor competence, professional skepticism, red flags, and internal control systems on fraud detection. The data collection technique in this study used primary data by distributing questionnaires to auditors working at the Public Accounting Firm (KAP) in the DKI Jakarta area using a purposive sampling method. The data analysis method uses a partial least square model using the SmartPLS 3.3 software. The results of this study indicate that auditor competence, red flag, and internal control system variables significantly affect fraud detection. In contrast, the professional skepticism variable has no significant effect on fraud detection.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/8972
10.21512/jafa.v9i2.8972
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/8972/4636
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/9004
2023-06-27T06:54:24Z
JAFA:ART
THE IMPACT OF BIG DATA ON FINANCIAL REPORTING
Winoto, Agustinus
Meiryani, Meiryani
Reyhan, Reyhan
Big Data
Financial Reporting
Financial Report Quality
Information Quality
Big data analytics can influence financial accounting by collecting, recording, and managing data and preparing financial reports. Big data provides convenience and speed of access to transaction data streams. By using big data, accountants in an organization can access transaction information more quickly and can work on large-scale transactions. This study aims to examine the influence of big data on financial reporting with Quantitative Evidence from Indonesia. This research uses quantitative methods. The data used in this study are primary data obtained from the study subject in the form of a questionnaire. The data obtained is processed using SPSS 25. The results of the hypothesis test stated that the analysis of big data has an effect on the quality of the report. This means big data technology as a resource internally owned company can improve the company's financial performance.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9004
10.21512/jafa.v10i1.9004
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9004/4825
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9095
2022-12-15T08:20:29Z
JAFA:ART
DID GOLD, BITCOIN AND FOREX AS SAFE HAVEN ASSET FOR SOUTH EAST ASIA INDEX DURING COVID 19
Sun, Yen
Natasha, Vania
Tenggono, Edward Akil
Safe Haven Asset
Gold
Bitcoin
US Dollar
GARCH
COVID-19
The COVID-19 pandemic and the bearish market have led investors to find a safe-haven asset during this financial turbulence. Gold, US Dollar, and Bitcoin traditionally could be safe-haven assets in previous financial crises. However, safe-haven assets are mainly different during each market crash. Therefore, this paper aims to examine gold, US dollars, and Bitcoin as safe-haven assets during the COVID-19 market turmoil in several South East Asian countries such as Indonesia, Malaysia, Singapore, and the Philippines. All variables use daily data time series from January 2020 - September 2020. This study will conduct an empirical analysis using Generalized Autoregressive Conditional Heteroscedasticity (GARCH). Our result shows that during the COVID-19 pandemic, US Dollar could act as a safe-haven asset in Indonesia, Malaysia, and the Philippines. It implies that when the condition is uncertain during a pandemic, many investors switch their investments to US dollars in those three countries. On the other hand, gold and bitcoin are not safe-haven assets, but they could only act as hedging for several countries in South-East Asia.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9095
10.21512/jafa.v9i2.9095
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9095/4637
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/9101
2022-12-15T08:20:29Z
JAFA:ART
INVESTIGATING THE RELATIONSHIP BETWEEN MONETARY POLICY UNCERATAINTY INDEX OF US AND THE DOLLAR INDEX
GÜRSOY, Samet
PRADHAN, Kumar
ROUT, Sandhyarani
DOĞAN, Mesut
Monetary Policy Uncertainty
US Dollar Index
Hatemi-J (2012) Asymmetric Causality Test
In this paper, we investigate the effect of the monetary policy uncertainty index for the US on the dollar index. In other words, in this study, the relationship between the US MPU (USM) and the Dollar index (XD) was examined. We employ the Hatemi-J (2012) asymmetric causality test from the period January 1986 through August 2020 by using monthly data. The results of the empirical analysis prove a strong non-linear causal relationship between the variable MPU index and XD. The overall result ascertains a positive and negative bidirectional asymmetric and non-linear causality existing between the variables XD and USM index. The results of the empirical investigation endorse important policy inputs for the macroeconomic policy formulators.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9101
10.21512/jafa.v9i2.9101
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9101/4638
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/9178
2022-12-15T08:20:29Z
JAFA:ART
INFLUENCE OF CEO OVER CONFIDENCE, GENDER DIVERSITY AND PROFITABILITY ON CORPORATE TAX AVOIDANCE: EMPIRICAL STUDY ON MANUFACTURING COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE
Sugiono, Giri Darijanto
Anggraeny, Yolanda
CEO Overconfidence
Gender Diversity
Profitability
Corporate Tax Avoidance
This research aims to determine the influence of individual and company characteristics on tax avoidance by examining and analyzing the impact of CEO overconfidence, gender diversity, and profitability on corporate tax avoidance. The rationale of this research is that there is still a lack of research, the authors identify the relationship between CEO overconfidence, gender diversity, and profitability using tax avoidance measurement, i.e., cash effective tax rate (CETR) followed by control variables of sales growth and capital intensity. This study used secondary data with entire manufacturing companies listed on Indonesia Stock Exchange for 2017-2019. The sample was determined using the purposive sampling method and obtained 96 samples. The analysis method used in this research is panel data regression with corporate tax avoidance as the dependent variable and CEO overconfidence, gender diversity, and profitability as independent variables. This research indicates that profitability positively affects corporate tax avoidance, while CEO overconfidence and gender diversity have no significant effect on corporate tax avoidance.
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9178
10.21512/jafa.v9i2.9178
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9178/4639
Copyright (c) 2022 Journal of Applied Finance & Accounting
oai:ojs.pkp.sfu.ca:article/9335
2022-12-15T08:27:06Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2022-12-15
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9335
Journal of Applied Finance and Accounting; Vol. 9 No. 2 (2022): Publish on December 2022
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9335/4641
oai:ojs.pkp.sfu.ca:article/9713
2023-06-27T06:54:24Z
JAFA:ART
THE IMPACT OF RELIGIOSITY ON PERCEPTIONS OF THE ROLE OF INDEPENDENT COMMISSIONERS IN THE IMPLEMENTATION OF CORPORATE GOVERNANCE IN SHARIA FINANCIAL ENTITIES IN INDONESIA
Heykal, Mohamad
Khomsiyah, Khomsiyah
Religiosity
Governance
Understanding
Accounting
Sharia
The aim of this research is to analyze whether there is an impact of religiosity as well as understanding of Islamic accounting and finance concepts on perceptions of the role of independent commissioners in relation to corporate governance in Islamic financial entities in Indonesia. The research uses primary data by distributing questionnaires to employees in Islamic financial institutions. The results showed that religiosity had a positive and significant effect on perceptions of the role of independent commissioners in corporate governance in Islamic financial institutions, while an understanding of Islamic accounting and finance did not show a significant effect. Research has not been able to prove whether the quality of financial reports can moderate the level of understanding of Islamic accounting and finance because the data obtained from the questionnaire comes from a limited number of Islamic financial institutions.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9713
10.21512/jafa.v10i1.9713
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9713/4827
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9894
2023-12-07T03:25:47Z
JAFA:ART
ANALYSIS OF CAPITAL MARKET REACTION BEFORE AND AFTER SUSTAINABILITY REPORTING AWARD
Lindawati, Ang Swat Lin
Setyaningrum, Sandra
Mulyawan, Archie Nathanael
Meiryani, Meiryani
SRA
Abnormal Return
Trading Volume Activity
Before COVID 19
The attention of investors and potential investors to environmental and economic reporting social issues is increasing along with the number of environmental cases that occur in Indonesia. Companies that win the Indonesia Sustainability Reporting Award will boost the company's image in the eyes of the public because it has won an award which prioritizes harmony between economic, social and environmental aspects. The purpose of this study was to analyze the reaction of the capital market before COVID-19 in companies that Achieved the Sustainability Reporting Award around the announcement date Sustainability Reporting Award in 2015-2019 (the period before COVID-19), measured using abnormal return and trading volume activity. This study will provide data and information regarding the capital market reaction period before covid 19 which it will use for further research related to the efficiency capital market hypothesis. The period that is used in this research is D-5 (before the announcement) and D + 5 (after the announcement). This study used the data from Yahoo Finance Secondary, such as adjusted closing stock price and closing price of JCI. Samples were selected by purposive sampling method so that the samples Obtained were 53 companies. The analytical method used in this observation is a paired sample t-test using SPSS 20 software. The results of this study indicate that there are no significant differences in abnormal return and trading volume activity between the period prior and the period after the announcement.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9894
10.21512/jafa.v10i2.9894
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9894/4968
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9911
2023-12-07T03:25:47Z
JAFA:ART
AN EVALUATION OF ACCOUNTING INFORMATION SYSTEM AND DEVELOPMENT OF FINANCIAL QUATERLY REPORT (FQR) REPORTING PROCESS
Muljo, Hery Harjono
Wulandari, Wulandari
Noerlina, Noerlina
Accounting Information Systems (AIS)
Financial Quarterly Report
Fit/Gap Analysis
Business Intelligence
This study aims to evaluate the results of the implementation of an Accounting Information System (AIS) which has been implemented by a consulting firm, focusing on the reporting processes at a Joint Venture company named Blue Water. Blue Water is an oil and gas exploration company. The evaluation method used is a Fit/Gap Analysis. The evaluation is only performed for the exploration and development stage of petroleum operations. From the results of the Fit/Gap Analysis, a gap in meeting the reporting requirements of the Indonesian Host Government (HG) was identified. Specifically, the HG requires that oil and gas contracting companies submit FQR to the Special Taskforce for Upstream Oil and Gas Business Activities, named SKK Migas. To overcome this gap, the author has constructed a business intelligence platform which extracts information from the AIS into a data model and enables reporting in the format required by the FQR. The data model also includes information which is outside the AIS. The data model is updated automatically with real-time information; it uses a powerful formula language for the analytics and uses the familiar user interface of Microsoft Excel.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9911
10.21512/jafa.v10i2.9911
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9911/4969
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9927
2023-06-27T06:54:24Z
JAFA:ART
UNMASKING FINANCIAL DECEPTION: UNRAVELING THE FRAUD HEXAGON’S INFLUENCE ON DETECTING FINANCIAL STATEMENT FRAUD IN INDONESIAN PUBLIC COMPANIES
Wijaya, Theresia
Witjaksono, Armanto
Corporate Governance
Fraud Hexagon
Fraud Red Flag
Fraudulent Financial Reporting
Indonesian Public Company
This study examines the influence of the fraud hexagon on the likelihood of financial statement fraud in Indonesian public companies with stock values below IDR 100 that were listed on the Indonesia Stock Exchange (IDX) from 2018 to 2020. The study population comprises sixty companies with stock values below IDR 100 for three consecutive years listed on the IDX. The objective sampling technique was employed to select a sample of 48 companies that met the research criteria, resulting in 144 observations. Data analysis was performed using logistic regression. The findings reveal that financial stability and change in auditors significantly impact identifying financial statement fraud, while financial targets, changes in directors, collusion, inefficient monitoring, and the frequency of C.E.O. photos show no influence. These results provide valuable insights for detecting and preventing financial statement fraud in Indonesian public companies with low stock values.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9927
10.21512/jafa.v10i1.9927
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9927/4828
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9930
2023-12-07T03:25:47Z
JAFA:ART
THE EFFECT OF THE COVID-19 PANDEMIC ON THE PERFORMANCE AND STABILITY OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE IN 2018 – 2021 (DIFFERENT TEST)
Pratama, Aldrin Yoga
Arifin, Lidiyawati
Pandemic COVID-19
Indonesia Domestic Exchange (IDX)
CAMELS Analyze
Purposive Sampling
Banking Annualy Report
The purpose of this study is to analyse the effect of the COVID-19 pandemic on the financial performance and stability of banking companies listed on the Indonesia Stock Exchange. The objects of research are banking companies listed on the Indonesia Stock Exchange in the period 2018 – 2021, which have experienced the impact of the pandemic, and publish their financial reports yearly. There are 46 sample data selected, through a purposive sampling technique with various criteria that have been determined, which are proxied by CAMELS analysis, according to Bank Indonesia regulations, and using secondary data as data tabulation. Model testing was carried out through the Wilcoxon Difference Test. The results showed that there was a significant difference in the average CAMELS value of 46 banking companies during the Covid-19 Pandemic, compared to before the pandemic. This finding implies many banking stakeholders in terms of maintaining their performance and enhancement of financial stability during negative shock events such as the COVID-19 pandemic.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9930
10.21512/jafa.v10i2.9930
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9930/4970
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9964
2023-12-07T03:25:47Z
JAFA:ART
THE DETERMINANTS OF A SUCCESSFUL IMPLEMENTATION OF E-RETRIBUTION PAYMENT SYSTEM: EVIDENCE FROM SLIPI MARKET OF JAKARTA
Prabowo, Ilham Condro
Marwah, Syafa Kamilla
E-Retribution
Delone & Mclean
Use
User Satisfaction
Net Benefits
Payment of market retribution using E-Retribution makes it easier for traders in the market to settle their obligations. This study aims to determine the factors that influence the success of implementing E-Retribution using the Delone & Mclean IS Success Model. The present study used primary data using a questionnaire. Respondents to this study were 96 traders who used E-Retribution at Slipi Market, West Jakarta, by selecting using a purposive sampling method. The data analysis method used is PLS-SEM. The findings demonstrated that system, information, and service quality substantially impacted user satisfaction. However, system quality did not impact use, but the information and service quality significantly impacted use. After then, net benefits were significantly impacted by both use and user satisfaction.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9964
10.21512/jafa.v10i2.9964
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9964/4971
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9970
2023-06-27T06:54:24Z
JAFA:ART
EXTERNAL PARTY RECOGNITION ON ESG DISCLOSURE TO STOCK PRICE: A CASE STUDY OF ESG DISCLOSURE AWARDS IN INDONESIAN STOCK EXCHANGE
Octavia, Dwi
Jayanti, Helen
Lee , Jayson Gautama
Arlie, Richard
Lindrianasari
ESG
CSR
Environmental Performance
Abnormal Returns
This research aims to find further empirical evidence of the connection of environmental disclosure with share price. We took into consideration potential investor doubt on company ESG disclosure. This research aims to find further empirical evidence of the connection of environmental disclosure with the share price. We considered potential investor doubt on company ESG disclosure because of potentially biased reporting from management predicted by agency theory and attempted to study the effects when this doubt is removed by external recognition of the company's ESG disclosures. Abnormal returns of companies are tracked using daily closing price data from Bloomberg, and further testing is done using the binomial distribution. Our study has found that companies that obtain external recognition experience an increase in abnormal returns after the award announcement date. This finding implies that external parties' recognition of the company's environmental performance will obtain positive market sentiment and is indicated by increased stock returns.
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9970
10.21512/jafa.v10i1.9970
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9970/4829
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/9981
2023-12-07T03:25:47Z
JAFA:ART
THE CONCEPT OF AN ENTITY IN AN EFFORT TO SUPPORT INTERNAL CONTROL IN MSME KUNCI SOROT IN JEMBER
Pramono, Olivia Falen
Kusuma, Dedy Wijaya
Ilmi, Mainatul
MSME
Entity Concept
Internal Control
MSME Kunci Sorot is engaged in the film industry in Jember. The business he owns is leasing equipment needed for shooting and filmmaking. MSME Kunci Sorot are also MSMEs that have large assets by MSME standards. This causes internal control to be needed to maintain the assets owned. The research objectives are (1) an analysis of the implementation of the entity concept in the MSME Kunci Sorot and (2) an analysis of internal control in the MSME Kunci Sorot. The research method used is descriptive qualitative and uses a case study approach. The sampling technique used snowball sampling. The result of this research is that MSME Kunci Sorot still needs to fully implement the entity concept. The entity concept applied in the MSME Kunci Sorot is still very simple to record. The entity concept that has not been implemented optimally causes the applied internal control to have many weaknesses. The results of the study indicate that internal control is needed in maintaining assets owned and facilitating daily operational processes. MSMEs that tend to be simple still need internal control so that operational processes are efficient and effective.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/9981
10.21512/jafa.v10i2.9981
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/9981/4972
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/10186
2023-06-27T06:54:24Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2023-06-27
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/10186
Journal of Applied Finance and Accounting; Vol. 10 No. 1 (2023): Publish on June 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/10186/4822
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/10199
2023-12-07T03:25:47Z
JAFA:ART
THE EFFECT OF THE SIZE OF PUBLIC ACCOUNTING FIRM, PREVIOUS YEAR’S AUDIT OPINION, FINANCIAL DISTRESS, AND THE COMPANY GROWTH ONGOING CONCERN AUDIT OPINION
Ayuanda, Nada
Wijaya, Aurellia Deninta
Size of the Public Accounting Firm
Previous Year’s Audit Opinion
Financial Distress
Company Growth
Going Concern Audit Opinion
The audit opinion has a crucial function and obligation in achieving reliable financial reports since the information used has to be accurate and dependable. This study aims to ascertain the impact of several variables on the reliability of going concern audit views, including the size of public accounting firm, previous year’s audit opinion, financial distress, and company growth. Samples used in this study include manufacturing companies and Public Accounting Firms that audited the enterprises. A purposive sampling method was used to collect secondary data for this study by looking at the independent auditor's report on the websites of the Indonesian Stock Exchange and idnfinancials.com. The data analysis method uses logistic regression using SPSS 25.0 software. According to the study's findings, going concern audit opinions are not significantly influenced by the size of the public accounting firm and company growth. Furthermore, study findings show that previous year’s audit opinion and financial distress have a significant influence on the going concern audit opinion.
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/10199
10.21512/jafa.v10i2.10199
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/10199/4973
Copyright (c) 2023 Journal of Applied Finance and Accounting
oai:ojs.pkp.sfu.ca:article/10962
2023-12-07T03:25:47Z
JAFA:ED
Editorial Page and Table of Content
Rusmanto, Toto
Bina Nusantara University
2023-12-07
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
application/pdf
https://journal.binus.ac.id/index.php/JAFA/article/view/10962
Journal of Applied Finance and Accounting; Vol. 10 No. 2 (2023): Publish on December 2023
2746-6019
1979-6862
eng
https://journal.binus.ac.id/index.php/JAFA/article/view/10962/4974
Copyright (c) 2023 Journal of Applied Finance and Accounting