Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA <ul> <li> <div align="Justify">P-ISSN: 1979-6862</div> </li> <li>E-ISSN: <a title="E-ISSN" href="https://issn.brin.go.id/terbit/detail/1593159358" target="_blank" rel="noopener">2746-6019</a></li> </ul> <p><em>Journal of Applied Finance and Accounting</em> (JAFA) have been accredited by RISTEKDIKTI under the decree number 72/E/KPT/2024 (SINTA 3) and indexed by the Directory of Open Access Journals (DOAJ).</p> <p><em>Journal of Applied Finance and Accounting</em> (JAFA) showcases useful theoretical and methodological results with the support of interesting empirical applications in the area of Finance and Accounting. Purely theoretical and methodological research with the potential for important applications is also published. Articles in the journal may examine significant research questions from a broad range of perspectives including economics, sustainability, organizational studies and other theories related to accounting and finance phenomena.</p> <p>JAFA is essential reading for academics, graduate students and all those interested in research in accounting and finance. The journal is also widely read by practitioners in accounting, corporate finance, investments and banking. This journal is published in June and December.</p> <p><a title="submit_submissions" href="https://journal.binus.ac.id/index.php/JAFA/about/submissions">Submit Here</a></p> <p><a title="link_statistic" href="https://statcounter.com/p12572789/?guest=1" target="_blank" rel="noopener">Statistic</a></p> <p><a title="link_contact" href="https://journal.binus.ac.id/index.php/JAFA/about/contact">Contact</a></p> en-US <p>Authors who publish with this journal agree to the following terms:</p><p>Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a <a href="http://creativecommons.org/licenses/by/3.0/" target="_new">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</p><p>Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</p>Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See <a href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a>). meiryani@binus.edu (Dr. Meiryani, S.E., Ak., M.M., M.Ak., CA., Cert.DA.) jafa@binus.edu (JAFA Editorial Teams) Sun, 30 Jun 2024 09:13:52 +0000 OJS 3.2.1.1 http://blogs.law.harvard.edu/tech/rss 60 ANALYSIS OF INFLUENCE OF FINANCIAL FACTORS ON CASH HOLDINGS OF NON-FINANCIAL COMPANIES https://journal.binus.ac.id/index.php/JAFA/article/view/9935 <p><em>This study investigates the influence of several factors on company cash holdings, including market to book ratio, net working capital, liquidity, company size, and cash flow. It utilizes a balanced panel dataset consisting of 80 non-financial companies in the property and real estate sector listed on the Indonesia Stock Exchange during the period of 2010-2021. The research sample was selected based on specific criteria, resulting in a total of 33 companies. The findings indicate that the market to book ratio variable has a significant differential impact on cash holdings between companies with high and low levels of cash holdings. Additionally, net working capital and company size also exhibit significant effects on cash holdings, while liquidity does not have a significant influence on companies with high cash holdings. These findings provide valuable insights for corporate management and financial regulators in managing company cash and making financial decisions. The practical implication underscores the importance of effective cash management and transparency in financial practices for sustainable business growth.</em></p> Rahmat Siauwijaya, Shinta Putri Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/9935 Sun, 30 Jun 2024 00:00:00 +0000 UNDERSTANDING THE INTERPLAY OF FIRM SIZE, AUDIT FEES, AND AUDIT FIRM SIZE IN SHAPING FINANCIAL REPORT QUALITY: EMPIRICAL EVIDENCE FROM ASEAN COUNTRIES https://journal.binus.ac.id/index.php/JAFA/article/view/10806 <p><em>This study investigates the impact of firm size, audit fees, and audit firm size on financial report quality, along with examining variations in financial report quality across ASEAN countries. A sample of 164 manufacturing companies listed in ASEAN countries during the 2018-2021 period was selected using a purposive sampling method. Pooled data regression and Kruskal-Wallis nonparametric analysis were employed for data analysis. The findings reveal that firm size and audit fees have a significant negative influence on financial report quality, while audit firm size does not exhibit a significant effect. Furthermore, notable variations exist in the quality of financial reports among ASEAN countries. These results provide empirical evidence that auditing services alone do not enhance financial report quality, underscoring the need for practitioners, academics, and regulators to undertake necessary measures for improving the quality of companies' financial reports.</em></p> Armanto Witjaksono, Andrea Leidessya Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/10806 Sun, 30 Jun 2024 00:00:00 +0000 WASTE AND EFFLUENT DISCLOSURE: CASE STUDY OF HEALTHCARE COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE https://journal.binus.ac.id/index.php/JAFA/article/view/11131 <p><em>This research seeks to determine the level of information disclosure by health companies in Indonesia about their corporate social responsibility (CSR) in terms of their waste and effluent treatment based on the Global Reporting Initiative’s G4 (GRI-G4) guidelines were used as the reporting standard. The population in this study comprises healthcare companies listed on the Indonesia Stock Exchange. Samples were taken by using purposive sampling method. Content analysis was performed for the sample companies’ annual reports and financial statements for the period 2018–2020. The analysis results indicate that the level of information disclosure by health companies in Indonesia regarding their CSR in terms of their waste and effluent treatment is still low. Most companies disclose a minimal amount of information and do not comply with GRI-G4 standards; only a few companies disclose the required information in accordance with GRI-G4 standards. The results of research provide the valuable knowledge for the healthcare industry about its importance of having a good mitigation or treatment system for the B3 and non-B3 waste. Moreover, the health industry is the biggest contributors of B3 waste in Indonesia</em>.</p> Meiryani, Noviantini Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/11131 Sun, 30 Jun 2024 00:00:00 +0000 MENTAL ACCOUNTING IN PERSONAL FINANCIAL MANAGEMENT FOR YOUTH AT BETHEL INDONESIA CHURCH (GBI) MOJOPAHIT JEMBER https://journal.binus.ac.id/index.php/JAFA/article/view/11416 <p><em>This research has several objectives, namely to find out the views of the young generation of GBI Mojopahit Jember regarding the mental phenomenon of accounting and how they manage their personal finances. The phenomenon in this research is that there are offerings and tithes that must be given to the Church every month. The method used in this research is a qualitative descriptive method. The samples used in this research were 7 young people at GBI Mojopahit Jember who had the criteria of being over 20 years old and having worked for at least 1 year and were used as the subjects of this research. The data sources for this research were obtained from interviews and observations. The results of this research can be concluded that most of them do not understand accounting mentality, but without realizing it they have applied accounting mentality. in their daily life. They have carried out planning, management, recording and evaluation of their personal finances. The notes taken are not very detailed, only a rough idea. For them, mental accounting is very influential in everyday life, one of which is in making decisions when buying goods. Youth at GBI Mojopahit are advised to go back to recording your finances in detail, not just lines just big and more disciplined management of their personal finances independently as well strengthen self-control to avoid waste.</em></p> Amelia Felicia Pramono, Dedy Wijaya Kusuma, Nurshadrina Kartika Sari Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/11416 Sun, 30 Jun 2024 00:00:00 +0000 TAX AVOIDANCE FIRM LEVEL CHARACTERISTICS: EVIDENCE FROM INDONESIA https://journal.binus.ac.id/index.php/JAFA/article/view/11533 <p><em>This study examined the tax avoidance characteristics among Indonesian firms. The aim of this study was to provide firm level characteristics of Indonesian public listed companies that conduct tax avoidance, while taking into accounts the scarce literature that studied IFRS adherence and audit quality towards tax avoidance. Five hypotheses were formed to test tax avoidance in Indonesia. Firm size, leverage, last year’s profitability, audit quality and IFRS adherence were selected to serve as the predictors in this research. Using 942 firm year observations from 2019-2021, this study used pooled-sample regression to document that firm size, leverage, and audit quality played a distinct role of tax avoidant companies. Firm size and leverage positively affect tax avoidance. On the other hand, audit quality significantly decrease tax avoidance. Meanwhile, IFRS adherence and profitability had no significant impact on tax avoidance. The contribution of this research was to provide recommendation to Indonesian Tax Authority and auditors to strengthen their controls over financial and tax reporting in Indonesia and provide fresh insights to fellow researchers regarding tax avoidance matters in Indonesia.</em></p> Hansi Joachim Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/11533 Sun, 30 Jun 2024 00:00:00 +0000 FACTORS AFFECTING FINANCIAL PERFORMANCE COMPANY: STUDY FOR BISNIS27 LISTED COMPANY AT INDONESIA STOCK EXCHANGE https://journal.binus.ac.id/index.php/JAFA/article/view/11590 <p><em>The research objective is to measure whether company size, industry sensitivity, government ownership, liquidity and company age affect the financial performance of company that listed in Index BISNIS-27 between year 2021-2023. Data that use is secondary data and purposive sampling method. Data collected from list of company Index BISNIS-27 that listed on Indonesia Stock Exchange and consistently listed between 2021-2023. Index BISNIS-27 is an index that evaluated by the price performance from 27 shares that determined by the Indonesian Business Index Committee (idx.co.id). The data collected were processed using SmartPLS 4. From the analysis results l</em><em>iquidity (current ratio) has p values 0.044 (less than 0.05) and company size has p values 0.025 (less than 0.05). Meanwhile, the industry sensitivity has p values 0.158 (more than 0.05), government ownership has p values 0.392 (more than 0.05), and company age has p values 0.145 (more than 0.05). </em><em>The research concludes that liquidity (current ratio), and company size positively and significantly affect on a company financial performance. Meanwhile, the industry sensitivity, government ownership, and company age positively and insignificantly affect on a company financial performance.</em></p> Diana Vita Marina, Agustinus Winoto Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/11590 Sun, 30 Jun 2024 00:00:00 +0000 Editorial Page and Table of Content https://journal.binus.ac.id/index.php/JAFA/article/view/11804 Toto Rusmanto Copyright (c) 2024 Journal of Applied Finance and Accounting https://journal.binus.ac.id/index.php/JAFA/article/view/11804 Sun, 30 Jun 2024 00:00:00 +0000