2026-06-04T17:11:30Z https://jasf.upnjatim.ac.id/index.php/jasf/oai

oai:ojs2.jasf.upnjatim.ac.id:article/232 2026-05-18T02:43:40Z jasf:ART

Do Environmental Performance, Feminism in Commissioner, Female Audit Committee, and Corporate Visibility Affect Corporate Environmental Disclosure? Ardillah, Kenny  The company should not separate developing business activities from society's externalenvironment. Instead, the companies should protect the external environment, so manycompanies need to improve the sustainability of their companies to be better through corporate environmental disclosure. This study aims to examine and analyze the effect of environmental performance, feminism in commissioners, female audit committees, and corporate visibility towards corporate environmental disclosure, controlled by profitability and liquidity. One hundred samples were obtained from the mining companies listed on the Indonesia Stock Exchange from 2015 to 2019 and analyzed using the multiple linear regression method. This study proved that female audit committees could positively influence corporate environmental disclosure. On the other hand, this study found that environmental performance, feminism in commissioners, and corporate visibility couldn't affect corporate environmental disclosure. This result of the study can be used by the company's management to help companies provide more thorough supervision of decisions made by management related to social responsibility activities carried out by the female audit committee and monitor the quality of environmental disclosure more effectively. For investors, the results of this study are expected to provide information to investors about the importance of female audit committee members' existence in supporting the community's welfare. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/232 10.33005/jasf.v5i2.232 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 193-214 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/232/2 Copyright (c) 2022 Kenny Ardillah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/250 2026-05-18T02:43:40Z jasf:ART

Corporate Secretary Professional Expertise and Annual Report Readability Octaviani, Monicha Harymawan, Iman Corporate Secretary Legal Expertise Accounting Expertise International Experience Readability This paper aims to examines the relationship between professional corporate secretary expertise and annual report readability of 1,476 observations from all companies listed in the Indonesia Stock Exchange from 2014-2018 using OLS Regression with STATA 15.0. The findings obtained from this research are the legal expertise possessed by the corporate secretary will make the company's financial statements easier to understand. Meanwhile, the accounting expertise of the corporate secretary has no significant effect on the annual report readability. However, the annual report readability of firms with a corporate secretary with international expertise will be more readable. For company management, the results of this study have implications for consideration to involve professional expertise, such as legal expertise and international experience, as a part of qualifications in appointing corporate secretaries to improve the quality of information disclosure. Furthermore, this paper increases the understanding of the corporate secretary’s characteristics and its effect on the company’s annual report readability as a tool to measure the quality of information disclosure to reduce problems related to asymmetric information. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/250 10.33005/jasf.v5i2.250 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 233-251 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/250/4 Copyright (c) 2022 Monicha Octaviani, Iman Harymawan https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/291 2026-05-18T02:43:40Z jasf:ART

Interpreting the Concept of Debt Based on Indonesian Patron-Client Perspective Leniwati, Driana Widyastuti, Aviani Sholana, Rafli Latifah, Sri Wahjuni Mawardi, Fahmi Dwi Debt Obligation Family and Trust Working-relationship Patron-Client relationship This study aims to interpret the concept of debt based on social phenomenon on Patron Client’s fishermen working-relationship in Pantai Sungai Bakau, Serayu, East Kalimantan. By using an interpretive paradigm, this study tries to interpret debt with a a case study research design. The data was obtained by conducting in-depth interviews with community of fishermen and fish collector (the owner of shipyard) who were the key informants. the method uses snowballing system for additional informants. The results of the interviews were grouped and data reduction was carried out before being analyzed and drawing conclusions or verification. Triangulation was also carried out with different question techniques that were asked to confirm the validity of the data to the surrounding community as additional informants. By using the triangulation technique, the researcher believes that the data obtained is valid. The results of this study found that the concept of debt have been interpreted as an obligation, family and trust relationship, and a mutually beneficial relationship on the context of Patron Client working-relationship. Empirically, on the broader meaning of debt, debt does not only as a form of obligation between the capital owner and the recipient of capital in the context of Patron-Client’s working-relationship, but debt should also be able to make familial relationship with the element of trust between them. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/291 10.33005/jasf.v5i2.291 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 215-232 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/291/3 Copyright (c) 2022 Driana Leniwati, Aviani Widyastuti, Rafli Sholana, Sri Wahjuni Latifah, Fahmi Dwi Mawardi https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/309 2026-05-18T02:43:40Z jasf:ART

Cosmology of Labuhan Larung Sesaji Ritual Meaning the Homogeneity Strategic Cost Concept in Blue Sea Fisheries Accounting Prasetyo, Whedy Blue Sea Fisheries Accounting Labuhan Larung Sesaji Ritual Homogeneity Strategic Cost Research to reveal the formation of fishermen’s income based on homogeneity strategic cost concept is shown in the labuhan larung sesaji ritual cosmology. This concept gives meaning to the presence of blue sea fisheries accounting. Qualitative methods with a phenomenological approach are used in this study. The results show the homogeneity strategic cost that all stages of labuhan larung sesaji ritual activity or the elements in it (represented by costs) have the same position or importance in generating income. On the basis of this idea, all stages of ritual activities contribute or contribute to fishermen’s income creation of in proportion to costs. So, if amount of costs for ritual activities have occurred, then in fact amount of revenues have been formed or collected, the amount of which is in accordance with income and costs ratio. The homogeneity strategic costs concept contributes to interpreting the presence of blue sea fisheries accounting based on sustainability of marine living resources and fish catches. Accounting based on open access resources, and marine sustainability as marine biota for logistical growth of fish stocks or populations without operating costs for pisciculture. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/309 10.33005/jasf.v5i2.309 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 252-277 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/309/5 Copyright (c) 2022 Whedy Prasetyo https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/325 2026-05-18T02:43:40Z jasf:ART

Determinant Factors of Firm Value: Cash Holdings and Dividend Policy as Mediation Yudhyani, Eka Kulsum, Umi Reza, Faizal Sitorus, Astrid Napita Kirana, Nanda Wahyu Indah firm value cash holdings dividend policy cash conversion cycle net working capital profitability In times of uncertainty such as a crisis, a company needs to maintain its value for its investors. Theory suggests that for uncertainty, the company needs to have cash holding, but on the other hand, it needs to pay dividends. Therefore, this research aims to prove the relationship between factors that affect firm value with cash holding and dividend policy as mediation. We conduct this research on the manufacturing company from 2015 to 2021 registered on Indonesia Stock Exchange. Using the purposive sampling method, 82 company was chosen and 574 data was studied. To test our hypotheses, we use SmartPLS. The results proved that cash holding can influence firm value, while dividend policy cannot. For the indirect effect, we found that profitability and net working capital indirectly affect firm value through cash holding. We explain the theory and practical implications and describe our study’s limitations. For future research, we suggest differentiating firm value before and during a financial crisis, and the industry sector that has the worst, moderate, and light impact from the crisis. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/325 10.33005/jasf.v5i2.325 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 278-301 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/325/6 Copyright (c) 2022 Eka Yudhyani, Umi Kulsum, Faizal Reza, Astrid Napita Sitorus, Nanda Wahyu Indah Kirana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/336 2026-05-18T02:43:40Z jasf:ART

Cash Holdings, Dividend Payout, and Corporate Value: The Role of Institutional Investors Wijaya, Hendra cash holdings dividend payout institutional investors corporate value agency conflict This study examines the relationship between cash holdings and dividend payout on corporate value. The moderating effect of institutional investors on the effect of cash holdings and dividend distribution on corporate value is also investigated in this study. This study applied nonfinancial companies listed on the Indonesia Stock Exchange between 2015 and 2019 and a total of 1269 observations. The data in this study were analyzed using the ordinary least squares method. According to the findings of the study, cash holdings have a positive influence on the value of the company. However, corporate value is unaffected by dividend payout. The findings of this investigation suggest that institutional investors do not moderate the impact of cash holdings on corporate value. However, institutional investors moderate the impact of dividend payout positively. This paper elaborates on institutional investors, a mechanism for agency conflict in relation to cash holdings, dividend payout, and corporate value. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/336 10.33005/jasf.v5i2.307 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 302-315 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/336/7 Copyright (c) 2022 Hendra Wijaya https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/337 2026-05-18T02:43:40Z jasf:ART

Board Diversity and Audit Quality among Selected Listed Food and Beverage Firms on the Nigeria Exchange Group Adeniyi, Segun Idowu Aderobaki, Vincent Ayeole ethnicity diversity skill etexpertise and experience diversity audit quality This study aims to determine the effect of ethnicity diversity, skill, expertise, and experience diversity and interaction of ethnicity diversity and skill, expertise, and experience diversity on the audit quality of listed food and beverage firms in Nigeria. The study used an Ex-Post Facto research design. Five beverage companies as of December 2019 were listed on the Nigerian Exchange Group and make up the study's population. A purposive sampling technique was adopted in selecting the three listed food and beverage firms that form the unit of analysis for this study. The panel data were derived from annual reports and accounts with the Nigeria Stock Exchange Factbook for the period of ten years spanning from 2010 to 2019. The Ordinary Least Square statistical technique was adopted in the analysis of data. The statistical procedures were programmed using SPSS 20.0 software. The study discovered that ethnicity diversity and skill, expertise, and experience diversity do not significantly affect audit quality while the interaction of ethnicity diversity and skill, expertise, and experience diversity affects audit quality. Therefore, the study recommends among others that ethnic diversity need not consider in corporate board composition and it should not be made compulsory for board members to have certificates. Related to accounting, have experience in financial reporting or auditing. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/337 10.33005/jasf.v5i2.259 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 316-330 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/337/8 Copyright (c) 2022 Segun Idowu Adeniyi, Vincent Ayeole Aderobaki https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/338 2026-05-18T02:43:40Z jasf:ART

The Moderating Effect of Goodwill and Goodwill Impairment on Global Energy Crisis and Corporate Cash Holding Saleh, Ghiga Rachmawati global energy crisis cash holding goodwill goodwill impairment difference in differences The global energy crisis caused a price spike in various operational inputs for the companies; sufficient cash is required to ensure the company's operations continue. This study aims to analyze the causal effect of the energy crisis on corporate cash holdings in Indonesia and the role of goodwill and impairment of goodwill in moderating this effect. Goodwill and goodwill impairment are indicators of corporate risk related to the synergy of business combinations. This study uses the differences in differences method. There are 564 companies listed on the Indonesia Stock Exchange, including those in the sample of this study, with a quarterly research period from the 4th quarter of 2020 until the 2nd quarter of 2022. The hypotheses were tested using the linear regression analysis and robustness test. This study found that the global energy crisis has a positive effect on corporate cash holdings for the impacted sub-industry. However, goodwill and goodwill impairment are not moderate influences. This study also discusses its limitations. For further research, it is expected to add more control variables, use another robustness test, and increase the observation period until the global energy crisis is over. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/338 10.33005/jasf.v5i2.338 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 2 (2022): JASF (Journal of Accounting and Strategic Finance) - December 2022; 331-350 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/338/9 Copyright (c) 2022 Ghiga Rachmawati Saleh, Diah Hari Suryaningrum https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/339 2026-05-18T02:44:12Z jasf:ART

Revisit the Dynamic Portfolio Formation between Gold and Stocks in Indonesia in the Period Before and During the COVID-19 Pandemic Yuliana, Ashalia Fitri Robiyanto, Robiyanto DCC-GARCH ADCC-GARCH Dynamics Portfolio Hedging Effectiveness Optimal Hedge Ratio This research aims to review the formation of the dynamic portfolio of individual stocks and gold using the DCC-GARCH and ADCC-GARCH analysis techniques in the periods before and during the COVID-19 pandemic. This is done so that individual investors and investment managers will be able to apply this method. This research uses data from the period of October 2019 - September 2020 with a research sample of nine stocks that are included in the IDX-30. The results showed that the DCC-GARCH analysis technique before the COVID-19 pandemic and the performance of the dynamic portfolios that were unhedged and hedged had nodifference. This is due to the conditions in the period before the COVID-19 pandemic which still tended to be stable, thus, no safe-haven asset is needed. Meanwhile, in the period during the COVID-19 pandemic, using the DCC-GARCH analysis technique, there were differences because conditions started to fluctuate in uncertainty which resulted in the need for safe-haven assets. On the other hand, using the ADCC-GARCH analysis technique on the periods before and during the COVID-19 pandemic, the performance of the dynamic portfolios that were unhedged and hedged showed a difference. Because the ADCC-GARCH technique is able to see asymmetric volatility for the future, adding gold to a portfolio can reduce risk when there is uncertainty. This research also found that the ADCC-GARCH technique had better performance than the DCC-GARCH technique. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/339 10.33005/jasf.v5i1.161 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 1-21 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/339/10 Copyright (c) 2022 Ashalia Fitri Yuliana, Robiyanto Robiyanto https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/340 2026-05-18T02:44:12Z jasf:ART

Board Gender Diversity and Corporate Innovation: Evidence from Indonesian Family Firms Harymawan, Iman Nismara, Kendra Board gender diversity Innovation Family Firms Indonesia The study examines the relationship between board gender diversity and corporate innovation. A Quantitative method with OLS analysis technique, using 868 samples of data observation of Indonesia public companies listed from 2010-2019. This study found that board gender diversity has increased corporate innovation. Furthermore, using a family firm as a moderating variable, this study suggests that a family firm has weakened the positive relationship between board gender diversity and corporate innovation. Therefore, this study implies that board gender diversity is important to increase corporate innovation. In addition, this study provides that the gender diversity of CEOs in high-family-ownership companies can decrease corporate innovation. There are several research limitations. First, innovation, measured by R&D investment, does not particularly determine corporate innovation, as it can be measured in several other forms of intangible assets such as patents, trademarks, copyright, and franchises. Second, gender diversity association with corporate innovation was measured merely by the number of women and did not do further investigation the other factors such as their business ties, social ties, and educational background. Third, the sample only consists of companies listed on the Indonesia Stock Exchange, leaving out the other companies that did not go public. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/340 10.33005/jasf.v5i1.224 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 22-39 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/340/11 Copyright (c) 2022 Iman Harymawan, Kendra Nismara https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/341 2026-05-18T02:44:12Z jasf:ART

The Importance of Social Entrepreneurship Orientation and Social Salience on Hospital Performance: The Mediating Role of Business Planning Haira, Diana Sari, Ria Nelly Indrawati, Novita Social entrepreneurship orientation social salience business planning social enterprise performance hospital The purpose of this study is to discover the internal resources that have a significant impact on the performance of social enterprises. This study is quantitative research. The population in this study is a hospital in Pekanbaru City, Riau Province, Indonesia. Twenty-nine hospitals were taken as samples for the study using a purposive sampling technique. SEM-PLS was used to evaluate the data obtained. The result showed that hospital performance was significantly influenced by social entrepreneurship orientation and business planning. Although social salience has a considerable impact on the hospital's social performance, it has no direct impact on its financial performance. This finding reflects the hospital's current state as a complicated organization with challenges balancing financial and social performance. Business planning acts as a mediator that significantly affects the relationship between resources and hospital performance. Therefore, the complexity of the hospital hybrid business requires business planning to balance the two performances. These findings can help hospital management determine the hospital’s strategic direction and provide model guidance for hospital investors, policymakers, and researchers. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/341 10.33005/jasf.v5i1.233 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 40-65 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/341/12 Copyright (c) 2022 Diana Haira, Ria Nelly Sari, Novita Indrawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/342 2026-05-18T02:44:12Z jasf:ART

Contextualizing the Insurance Industry Vigilance in Adopting PSAK 74 Through the Cosmology of “Yoga Kshema” Qadri, Resi Ariyasa Sari, Yolanda Mayang Andriani, Arifah Fibri Kusumawati, Rahayu PSAK 74 IFRS 17 Yoga Kshema Video Method Insurance Accounting This research aims to answer two main questions about the impacts of implementing PSAK 74 on the insurance industry in Indonesia, and the readiness of the industry to implement the latest insurance accounting standard. This study employed qualitative research inquiry using the video method. The data in this study were sourced majorly from the results of an onlineobservation in PSAK 74 webinars followed by documentation of relevant literature to synthesize knowledge on the implementation of PSAK 74 in Indonesia. Several interviews were conducted with academics and insurance practitioners to validate the knowledge. The collected data were analyzed by utilizing video-based analysis. This study concludes that the insurance sector in Indonesia has experienced a major obstacle related to the competence of accountants during the preparation of the PSAK 74 implementation. In addition, a significant overhaul of the company’s accounting information system is necessary to meet all the PSAK 74 requirements. This research contributes to providing insightful knowledge for the Indonesian insurance industry regarding crucial changes in the company’s financial reporting system as a result of the PSAK 74 implementation. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/342 10.33005/jasf.v5i1.237 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 66-109 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/342/13 Copyright (c) 2022 Resi Ariyasa Qadri, Yolanda Mayang Sari, Arifah Fibri Andriani, Rahayu Kusumawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/343 2026-05-18T02:44:12Z jasf:ART

Financial Statement Fraud: The Predictive Relevance of Fraud Hexagon Theory Khamainy, Arief Hidayatullah Amalia, Mekar Meilisa Cakranegara, Pandu Adi Indrawati, Andi Fraud hexagon theory Pressure Capability Opportunity Rationalization Arrogance Collusion Financial statement fraud The pandemic situation has suppressed various businesses in Indonesia and has provided opportunities for business actors to practice window dressing for present good company performance. The practice of window dressing is an example of financial statement fraud. Therefore, to anticipate this fraud, it is very important to examine the factors that cause companies to commit financial statement fraud. This study aims to analyze the fraud hexagon theory and its relationship with financial statement fraud. The research was conducted on state-owned companies listed on the Indonesia Stock Exchange (IDX) for the last 5 years (2016-2020). The method used to test the hypothesis is log-regression analysis. The results of the study prove that external pressure as a proxy for stimuli, CEO duality as a proxy for collusion, and the nature of the industry as the proxied opportunity have predictive relevance to financial statement fraud. Even though from ten hypotheses only three hypotheses are proved, this result implied that when companies face a difficult situation and cannot achieve their financial target and they have the opportunity to change their financial records, it is very probable that they will conduct a financial statements fraud. Thus, the government needs to monitor and make policies to prevent this conduct for state-owned companies and other companies listed in IDX Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/343 10.33005/jasf.v5i1.249 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 110-133 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/343/14 Copyright (c) 2022 Arief Hidayatullah Khamainy, Mekar Meilisa Amalia, Pandu Adi Cakranegara, Andi Indrawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/344 2026-05-18T02:44:12Z jasf:ART

A Cross Country Analysis of Financial Conditions and Earnings Management: Evidence from Asia Continent Kurniawan, Firdaus Pusparini, Nandya Octanti Amanati, Hilma Tsani Nugroho, Albertus Henri Listianto Earnings Management Financial Distress Excellent Financial Condition Financial Condition This study aims to examine the effect of the company's financial condition on the earnings management behavior of companies in the Asian region. This study extends the existing research model by presenting a cross-country analysis of the relationship of financial conditions, which is specifically divided into three zones, namely financial distress, gray zone, and excellent financial condition, with corporate earnings management. The sample in this study consists of companies listed on stock exchanges of countries in Asia, with an observation period from 2009 to 2019. This study provides empirical evidence that supports therelationship between financial condition and company earnings management, which shows that earnings management is used as a tool by the management of companies that are under financial pressure to distort the quality of reported information, thereby creating a bias in the interpretation of company performance. This study proves that the characteristics of the company's financial condition, both in the safe zone, gray zone, and excellent zone, affect the pattern of company earnings management practices. This study measures earnings management using the discretionary accrual method so that it only captures earnings management practices that are part of the company's discretionary accrual management policy. Research can study earnings management further with the real earnings management approach to examine the effect of the company's financial condition on the distortion of earnings information through the company's actual activities. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/344 10.33005/jasf.v5i1.256 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 134-150 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/344/15 Copyright (c) 2022 Firdaus Kurniawan, Nandya Octanti Pusparini, Hilma Tsani Amanati, Albertus Henri Listianto Nugroho https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/345 2026-05-18T02:44:12Z jasf:ART

Mental Accounting and Business Decision-Making within SMEs: A Covid-19 Pandemic Phenomenon Puspita, Maria Entina Wardani, Bertha Kusuma Covid-19 pandemic mental accounting business decision-making SMEs This study aims to analyze the mental accounting of SME actors in business decision-making in the midst of the Covid-19 pandemic. The objects of this study are the SMEs in Salatiga City. The data collection technique uses accidental sampling with the SME respondents who were willing to be interviewed during the research. The study employs a questionnaire from 100 respondents. This study is mixed-method research. The quantitative approach is to process the accounting information owned by SME actors in business decision-making and detect mental accounting when dealing with the COVID-19 pandemic. The qualitative approach is interviewing SME actors. The results show a mental accounting in terms of the separation of business finances and personal finances. Most SME actors allocate income to certain necessities. The recording of transactions has been done even though the records are limited to certain records. The income and costs incurred were separated for the business. The SMEs actors already have business decisions in the income cycle, expenditure cycle, production cycle, HR management cycle, and payroll and funding cycle decisions. In making these decisions, SME actors rely more on unwritten accounting information such as market price estimates, the estimated cost of goods sold, estimated production costs, owners' memories of the amount of inventory they have, as well as direct physical inspection of inventories to make good business decisions. The main contribution of this researchdemonstrates that the Covid-19 pandemic has shaped new behavior relating to business decision-making by the separation of business and personal finances. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/345 10.33005/jasf.v5i1.228 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 151-178 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/345/16 Copyright (c) 2022 Maria Entina Puspita, Bertha Kusuma Wardani https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/346 2026-05-18T02:44:12Z jasf:ART

Netnography on Finance Research: The Case of Customer Blackmail in a Sharia Bank Puspita, Rosana Eri Thaker, Mohamed Asmy bin Mohd Thas Social media electronic-Word of Mouth riba literacy experience A case of extortion by a Sharia bank against an influencer and conglomerate in Indonesia went viral on social media in 2021. This article explores netizen comments regarding the issue of extortion cases carried out by Sharia banks that are viral on social media. The method used in this study is a qualitative, netnographic approach. This research is useful for banks in determining attitudes toward netizens on social media. Data mining is done with NAWALA software, and data analysis is done with NVIVO. The sample size in this study was 21,656 comments on six selected videos uploaded on YouTube. The results show that netizen comments lead to three things, namely the role of the Financial Services Authority (OJK), the stigma of Sharia banks after an issue of an extortion case, and riba. The new thing in this research is netnography which is used to discuss topics circulating in the case of Sharia banks by paying attention to netizen comments on YouTube with large sample size. Previous researchers have never done netnographic research about customer blackmail in Indonesian Sharia banking. This study suggests that bank and non-bank financial institutions should always maintain their institutional image, improve sharia finance in the community, and create a good customer experience. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2022-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/346 10.33005/jasf.v5i1.299 JASF: Journal of Accounting and Strategic Finance; Vol. 5 No. 1 (2022): JASF (Journal of Accounting and Strategic Finance) - June 2022; 179-192 2614-6649 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/346/17 Copyright (c) 2022 Rosana Eri Puspita, Mohamed Asmy bin Mohd Thas Thaker https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/347 2026-04-30T06:55:38Z jasf:ART

Intellectual Capital, Market Value, and Financial Performance: Indonesia and Malaysia’s Banking Companies Hermawan, Sigit Hanun, Nur Ravita Nirwana, Nihlatul Qudus Sukma Candrawati, Clarisa Ika Intellectual Capital Market Value Financial Performance Banking Companies This study aims to determine the effect of intellectual capital on market value with financial performance as an intervening variable: evidence from banking companies in Indonesia and Malaysia. The analysis tool uses Partial Least Square to test hypotheses. The results of this study are intellectual capital affects the financial performance of banking companies in Indonesia but does not affect the banking companies in Malaysia. Intellectual capital does not affect the market value of banking companies in Indonesia but affects banks in Malaysia. Financial performance affects market value in Indonesian banking companies but does not affect banking companies in Malaysia. For indirect or mediation effects, the result is that financial performance can mediatethe effect of intellectual capital on market value in banking companies in Indonesia but not for banks in Malaysia. Banking companies must pay attention to intellectual capital management because of its impact on financial performance and market value. The market will give a higher valuation to companies that have increased financial performance. Next, companies with improved financial performance will be responded positively to the market so that it will increase market value. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/347 10.33005/jasf.v4i2.142 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 135-151 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/347/18 Copyright (c) 2021 Sigit Hermawan, Nur Ravita Hanun, Nihlatul Qudus Sukma Nirwana, Clarisa Ika Candrawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/348 2026-04-30T06:55:38Z jasf:ART

The Effects of Service Quality and Positive Recommendation on Trust Building in Mobile Banking Adoption Among the Customers of Private Banks in Myanmar Tun, Phyo Min Service Quality Positive Recommendation Trust Mobile Banking This study attempts to follow the research direction and fill the research gaps of previous studies, most notably the mobile financial service landscape, specifically mobile banking (MB) services of private banks in Myanmar. The proposed research model in this study emphasizes service quality, positive recommendations, and different perspectives of trust namely: trust in banks and trust in MB, and evaluated their extent of influence on customers of private banks to adopt MB. The data was collected from 310 customers of private banks in Myanmar. Structural equation modeling (SEM) and confirmatory factor analysis (CFA) were employed to analyze the data and investigate the hypotheses. The analysis results indicate that customer intention to adopt MB is significantly influenced by trust in MB however trust in the bank was found to be statistically insignificant. The positive recommendation plays a critical role in the improvements of trust in the bank and MB according to the research results. Although service quality is a key factor in obtaining positive recommendations and acquiring trust in the bank, it is an insignificant factor in building trust in MB. Further, trust in the bank has a significant effect on trust in MB. These findings are highly beneficial for future research studies in a similar context and for bank managers to develop appropriate strategies regarding MB services in the private banking sector in Myanmar. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/348 10.33005/jasf.v4i2.192 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 152-171 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/348/19 Copyright (c) 2021 Phyo Min Tun https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/349 2026-04-30T06:55:38Z jasf:ART

The Readiness for Implementation of Financial Management Patterns of Regional Public Services Agency at Public Health Center Dewata, Evada Jauhari, Hadi Financial Management Pattern Regional Public Service Agency Public Health Center Governance Human Resources The purpose of the study is to determine the readiness of Lais public health center and Teluk Kijing public health center of Musi Banyuasin District, South Sumatra Indonesia, in managing finances of regional public service agencies (BLUD). Time of research from March-July 2021. Used the types of descriptive qualitative research to review the documents, observation, and in-depth interviews to the research subject as many as 10 (ten) informants. The triangulation technique is used in testing the validity of the data. The research result showed that Lais public health center and Teluk Kijing public health center were ready to implement the financial management pattern of BLUD, which can be seen from the results of input analysis, process, and output from the analysis of stakeholder, related commitment, knowledge and responsibilities, funding (money), infrastructure (materials) and methods, in addition, substantive requirements, technical requirements, and administrative requirements have been carried out. The results of this study have implications related to the preparation and continuation of the implementation of the BLUD Public Health Center financial management pattern. Based on its limitation, it is still possible for other local governments who have the same contextual conditions to use these results as an input when preparing the BLUDs financial management pattern. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/349 10.33005/jasf.v4i2.221 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 191-206 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/349/21 Copyright (c) 2021 Evada Dewata, Hadi Jauhari https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/350 2026-04-30T06:55:38Z jasf:ART

How Do Social Contribution Value and Ownership Structure Influence Corporate Sustainable Growth in State-Owned Companies in Indonesia? Ardillah, Kenny Corporate Sustainable Growth Social Contribution Value Ownership Structure Ownership Concentration Ownership Circulation This study aims to prove empirically social contribution value, ownership concentration, and ownership circulation have a positive influence on corporate sustainable growth which is controlled by leverage and profitability. This study theory focuses on agency theory and stakeholder theory. The study sample focuses on state-owned companies listed on the Indonesia Stock Exchange in the 2014-2019 period. The data of this study’s sample used certain selection criteria with the use of the purposive sampling method to obtain 83 data that became the study sample. Data were analyzed using the multiple regression analysis methods. The results of this study indicate that social contribution value doesn’t influence corporate sustainable growth which is controlled by leverage and profitability. Ownership concentration and ownership circulation don’t influence corporate sustainable growth which is controlled by leverage and profitability. The social contribution value is a form of social and environmental responsibility for the company's operations towards stakeholders that don’t support the corporate sustainable growth of the company in the long term. The spread of the company’s share ownership structures that traded highly and weren’t concentrated on certain parties of shareholders can’t support the implementation of decisions made by management to increase the corporate sustainable growth. Because of its limitations, future studies can reflect the extent to which the assessment of corporate social contributions is carried out by one sector of a company other than state-owned companies. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/350 10.33005/jasf.v4i2.158 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 172-190 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/350/20 Copyright (c) 2021 Kenny Ardillah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/351 2026-04-30T06:55:38Z jasf:ART

IPO Under-pricing Phenomenon Approach: Does Covid-19 Has a Negative Sectoral Impact? Hadiwidjaja, Rini Dwiyani Hadiwidjaja Muditomo, Arianto Trisnowati, Yanuar : Content Analysis Covid-19 Pandemic IPO Under-pricing Market Performance An initial public offering (IPO) refers to the process of offering shares of a private corporation to the public in a new stock issuance. An IPO allows a company to raise capital from public investors. This study aims to prove the sectoral impact of the Covid-19 pandemic in Indonesia. Qualitative identification through content analysis on public online media and report documents on the results of analysis by research institutes and consultants identifies potential negative impacts on several industrial sectors as a result of the Covid-19 pandemic throughout 2020, but on the other hand, IPO action on the Indonesian capital market in 2020 still ongoing. Previous research has not been found specifically that analyzes the relationship between the impact of Covid-19 on industry and the performance of IPO actions per industrial sector, then through the IPO under-pricing phenomenon approach, empirical evidence is carried out. This research uses secondary data for the initial returns of 315 companies that conducted IPO actions during the period 2010 to 2020 on the Indonesian capital market and testing using a paired sample test on the population of IPO actions before and during the Covid-19 pandemic, the results of this study indicate that simultaneously in all the corporate sector did not find any statistically significant difference in initial returns between the period before and during the pandemic. This shows that the Covid-19 pandemic does not directly impact the behavior of capital market investors, especially in making investment decisions in the primary market. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/351 10.33005/jasf.v4i2.198 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 207-221 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/351/22 Copyright (c) 2021 Rini Dwiyani Hadiwidjaja Hadiwidjaja, Arianto Muditomo, Yanuar Trisnowati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/352 2026-04-30T06:55:38Z jasf:ART

Tax Avoidance, Tax Incentives and Tax Compliance During the Covid-19 Pandemic: Individual Knowledge Perspectives Supriyati Hapsari, Indah Accounting Knowledge Taxation Knowledge Tax Avoidance Tax Incentives Taxpayer Compliance The COVID-19 pandemic that occurred in early 2020 caused a decrease in the turnover or income of individual taxpayers. Tax avoidance and tax incentives are considered a strategy by taxpayers to reduce tax payments and manage their funds, especially during this pandemic. The condition of the Taxpayer certainly affects the fulfillment of his tax obligations. On the other hand, taxpayer compliance will have an impact on state revenues. Individual taxpayer perspectives on aspects of accounting and taxation knowledge are important to realize the level of taxpayer compliance. This study also relates the efforts of tax avoidance and government tax incentives as mediating variables. The sample data obtained were 131 individual entrepreneur taxpayers who took advantage of tax incentives in Surabaya and its surroundings. The regression test results showed that accounting and taxation knowledge affect tax avoidance efforts, tax incentives, and taxpayer compliance. The results of the Sobel test show that tax avoidance and tax incentives can mediate the impact of accounting and taxation knowledge on taxpayer compliance. The test results of control variables (gender, education, training, length of business, number of employees, business turnover) showed no effect on taxpayer compliance. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/352 10.33005/jasf.v4i2.174 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 222-241 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/352/23 Copyright (c) 2021 Supriyati, Indah Hapsari https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/353 2026-04-30T06:55:38Z jasf:ART

Education Budget Through Central or Local Government Spending: Which Is More Effective in Improving the Quality of Human Life? Hendrati, Ignatia Martha Perdana, Putra Education Spending Human Development Regional Budget National Budget Regional autonomy demands a division of authority between the Center and the regions, which in turn has an impact on budgeting policies. On the one hand, central government spending is oriented towards equity, but on the other hand, the regions understand very well their respective characteristics. The government's budget is always results-oriented, so this research can later be used as a benchmark in planning budgeting. In terms of spending on Education in Indonesia, the budget is channeled through central government spending and local government spending. This research is structured to see between the Central Government or Local Government, more significant in accelerating human quality (IPM) in Indonesia. This study uses Vector Auto Regression with Bayesian Vector Auto Regression model specifications to determine the effect between the variables studied. The variables used in this study are the Central Government Expenditure budget, Regional Government Expenditure on Education through Transfers from the Center to the Regions, Adjusted Per Capita Expenditure, and the Human Development Index from 2007 – 2020. The estimation results show a tendency for local government spending to be more able to increase Human Development Index compared to the Education budget through central government spending. This finding indicates that in the end, the results of decentralization, one of which is the delegation of authority for local government spending, can accelerate the human development index higher than the expenditure issued by the central government. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/353 10.33005/jasf.v4i2.227 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 242-255 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/353/24 Copyright (c) 2021 Ignatia Martha Hendrati, Putra Perdana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/354 2026-04-30T06:55:38Z jasf:ART

Improving Performance of Village Owned Enterprises: The Role of Human Capital, Organizational Culture, and Entrepreneurial Orientation Basri, Yesi Mutia Pinem, Natasya Agustina Br Yasni, Hariadi Human Capital Organizational Culture HEntrepreneurship Orientation BUMDes Performance Village-owned enterprises (BUMDes) are economic institutions that have a strategic role in improving the village economy. However, BUMDes operational activities often face obstacles that cause BUMDes not to run as they should. This study aims to analyze the effect of human capital, organizational culture, and entrepreneurial orientation on the performance of BUMDES. The population in this study was 242 BUMDes scattered in Kampar Regency. The sampling technique used was purposive sampling by selecting active BUMDes. Respondents in this study were BUMDes managers. Of the 140 active BUMDes, 120 BUMDes participated in this research. The data collection technique uses a questionnaire that is distributed online via a google form. The results of data analysis using WarpPLS 7.0 show that human capital, organizational culture, and entrepreneurial orientation positively affect the performance of BUMDes. This research implied that knowledge and expertise possessed by managers and applying them will further improve the performance of BUMDes. It is also important for commitment, loyalty, and trying to give the best in implementing organizational culture. Creativity in innovating, being proactive, and having the courage to take risks and work hard are also crucial in managing BUMDes. Based on the research limitation, it is suggested that further research can expand the research area and use other variables that can affect the performance of BUMDes, such as innovation or leadership style.  Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/354 10.33005/jasf.v4i2.193 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 2 (2021): JASF (Journal of Accounting and Strategic Finance) - November 2021; 256-273 2614-6649 10.33005/jasf.v4i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/354/25 Copyright (c) 2021 Yesi Mutia Basri, Natasya Agustina Br Pinem, Hariadi Yasni https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/355 2026-05-18T02:45:51Z jasf:ART

What Most Influence on Non-Performing Loan in Indonesia? Bank Accounting Perspective with MARS Analysis Shonhadji, Nanang Non-Performing Loans credit growth exchange rates capital adequacy ratio MARS The research objective is to examine factors that affect non-performing loans at conventional private banks in Indonesia. These factors include growth in gross domestic product, interest rates, currency exchange rates, exports, credit growth, inflation, return on asset, operating costs to operating income, and the capital adequacy ratio. The sample used in this study was conventional private banks listed on the Indonesia Stock Exchange 2014-2019. Data analysis techniques using Multivariate adaptive regression spline (MARS). The study results inform that there is an influence between the predictor variables and the response variables based on functions in the model. The variables that affect non-performing loans are credit growth, exchange rates, inflation, capital adequacy ratio, return on asset, operating costs to operating income, and interest rates. In contrast, gross domestic product growth and export growth in this study do not affect non-performing loans in conventional private banks. The MARS model has informed that the most influential variable on non-performing loans is credit growth. Banking authorities need to control lending through the application of credit risk management and regulating the quality of credit loans to contribute to the results in this study. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/355 10.33005/jasf.v3i2.85 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 136-153 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/355/26 Copyright (c) 2020 Nanang Shonhadji https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/356 2026-05-18T02:45:51Z jasf:ART

The Role of Prudence in Moderating the Effect of Bonus Mechanism, Intangible Assets, and Inventory Intensity Ratio on Transfer Pricing Khasanah, Uswatun Suryarini, Trisni Bonus Mechanism Intangible Asset Inventory Intensity Ratio Prudence This study aims to examine prudence's role in moderating the effect of bonus mechanism, intangible asset, and inventory intensity ratio on transfer pricing decisions. This research population is all property, real estate & construction companies, and manufacturing companies listed on the Indonesia Stock Exchange in 2018. The sampling technique uses a purposive sampling method to obtain 109 units of analysis. This study uses moderated regression analysis (MRA), which is processed using IBM SPSS 21. This study proves that the bonus mechanism does not affect, while intangible assets and inventory intensity ratio significantly affect transfer pricing decisions. Prudence is proven to moderate the intangible assets' influence but does not moderate the impact of the bonus mechanism and inventory intensity ratio on transfer pricing decisions. This study concludes that the bonus mechanism does not affect the transfer pricing decision. Prudence is proven to moderate the effect of intangible assets but does not moderate the impact of the bonus mechanism and inventory intensity ratio on transfer pricing decisions. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/356 10.33005/jasf.v3i2.89 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 154-168 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/356/27 Copyright (c) 2020 Uswatun Khasanah, Trisni Suryarini https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/357 2026-05-18T02:45:51Z jasf:ART

Firm Life Cycle and Investment Inefficiency: Empirical Study in Indonesian Stock Exchange Guntoro, Amelia Graciosa Gracia Juliana, Rita Free Cash Flow Firm Life Cycle Overinvestment Underinvestment Investment Inefficiency Agency Problem This paper investigates whether the firm's life cycle stages carry out free cash flow efficiently or not before their investment performance. We utilize cash flow patterns to classify firms into five several life cycles stages. Our data consists of non-financial firms listed in Indonesia Stock Exchange from 2008-2018. We find evidence that Indonesian firms in the introduction, growth, and shakeout stage are underinvesting. This paper also shows that firms in decline stage are overinvested. The characteristic of the mature firm includes that firms with high cash flow will tend to overinvest. However, contrasting with mature firms' common characteristics, our results show that Indonesian firms in maturity stage tend to underinvest. The results also imply that the government should acknowledge the existence of Indonesian firms' investment inefficiency problem. Overall, this paper contributes to the literature by providing empirical evidence on Indonesia's investment inefficiency phenomena. It is suggested that further research may select a different method in calculating growth opportunities and may also study private firms since it tends to have higher financial constraints. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/357 10.33005/jasf.v3i2.86 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 169-184 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/357/28 Copyright (c) 2020 Amelia Graciosa Guntoro, Gracia, Rita Juliana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/358 2026-05-18T02:45:51Z jasf:ART

Supply Chain Management Analysis Using the Business Process Model and Notation In the Midst of Covid-19 Pandemic : (A Case Study at MS Company – Indonesia) Nuzulita, Nania Djohan, Rheinata Saskya Aziizah Roiqoh, Salsabila SCM BPMN Business Process Supply Chain Management (SCM) aims to maximize the value of the products produced to meet customers' needs and demands. This study aims to conduct an assessment of Supply Chain Management at MS Company and suggested BPMN with adjusted business processes. The Business Process Model and Notation (BPMN) approach is useful for describing complex business process modelling in detail but still easy to understand. Thus, it can minimize errors in implementing business processes. We used the study case approach to conduct this research by studying several journals related to SCM. A discussion was then held to improve the four main processes associated with SCM, and the improvement was written by using BPMN. This study explains that BPMN can be used to give detail and minimize errors so that the modified business process modelling is easy to understand and facilitates communication between business process designers and business process executors. Some MS company improvement in its SCM includes production scheduling, goods procurement, production implementation, and warehouse management. It is suggested that further observation and examination of the improved SCM is needed to prove the new SCM's success in the midst of the covid-19 pandemic. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/358 10.33005/jasf.v3i2.144 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 185-198 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/358/29 Copyright (c) 2020 Nania Nuzulita, Rheinata Saskya Aziizah Djohan, Salsabila Roiqoh https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/359 2026-05-18T02:45:51Z jasf:ART

Board of Directors, Audit Committee, Executive Compensation and Tax Avoidance of Banking Companies in Indonesia Idzniah, Utami Nuur Lailatul Bernawati, Yustrida Good Corporate Governance Executive Compensation Tax Avoidance Size of the Board of Directors Size of the Audit Committee Tax avoidance is the hottest issue in the last five years. It is reinforced with the Tax Amnesty Program by the Directorate General of Taxation (DJP), which began in June 2016. Therefore, this study aims to obtain empirical evidence of the influence of good corporate governance and executive compensation on corporate tax avoidance. This study used 215 banking companies listed on the Indonesia Stock Exchange (IDX) for 2014-2018. This study using a purposive sampling method that produced 119 suitable samples. The analytical method used is multiple linear regression analysis through IBM SPSS Statistics 25 software. Computation of tax avoidance is proxied by computing of Effective Tax Rates (ETR). Good corporate governance is proxied by the size of the board of directors and the audit committee, and executive compensation is proxied by all director compensations. The size of the audit committee is a total of the audit committee in one period. The size of the board of directors is the total of the board committee in one period. This study used ROA and Leverage as a control variable. In this study, it was found that executive compensation and good corporate governance, which was proxied by the Size of the board of directors and the Size of the audit committee shown a positive effect on tax avoidance. Investors who do not want tax avoidance must pay attention to executive compensation and good corporate governance in the company. In contrast, control variables have not significant effect on tax avoidance. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/359 10.33005/jasf.v3i2.111 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 199-213 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/359/30 Copyright (c) 2020 Utami Nuur Lailatul Idzniah, Yustrida Bernawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/360 2026-05-18T02:45:51Z jasf:ART

Ownership Structure and Firm Value of Quoted Consumers Goods Firms in Nigeria Oyedokun, Godwin Emmanuel Isah, Shehu Awotomilusi, Niyi Solomon Consumer Goods Managerial Ownership Institutional Ownership Foreign Ownership, Ownership Concentration Firm Value This study examined the ownership structure's effect on the firms' value of quoted manufacturing firms (consumer goods) in Nigeria for 2010-2018. The total numbers of quoted consumer goods firms in the Nigeria stock exchange as of 31st December 2018 were twenty-one (21). A judgmental sampling technique was used to sample nineteen (19) consumer goods firms for the study. The study sought to examine whether ownership structure proxy by managerial Ownership, Institutional Ownership, foreign Ownership, and ownership concentration affect firms' values of quoted consumer goods in Nigeria. Data were collected from secondary sources through the annual reports and accounts of sampled consumer goods firms in Nigeria. The study adopted a panel regression technique as a tool of analysis. The result showed a negative effect of managerial ownership on firm value. While institutional Ownership, foreign Ownership, and Ownership concentration all positively affect the firm value of consumer goods firms in Nigeria. Therefore, the study recommends that the numbers of shares held by management should be reduced to increase the firm value of the listed consumer goods companies in Nigeria. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/360 10.33005/jasf.v3i2.65 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 214-228 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/360/31 Copyright (c) 2020 Godwin Emmanuel Oyedokun, Shehu Isah, Niyi Solomon Awotomilusi https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/361 2026-05-18T02:45:51Z jasf:ART

Does Managerial Ownership Moderate the Relationship between Corporate Social Responsibility Disclosure and Tax Aggressiveness? (Evidence from Mining Companies in Indonesia) Anggraeni, Devi Putri Hastuti, Sri corporate social responsibility disclosure tax aggressiveness managerial ownership ownership structure Companies' disclosure is an important thing to do because it is one of the corporate governance concepts. The purpose of this study is first to investigate the influence of corporate social responsibility disclosure on corporate tax aggressiveness. Also, to prove the influence of managerial ownership as a moderating variable in the relationship between corporate social responsibility and tax aggressiveness. This study uses secondary data, namely financial statements and annual reports that have been published by companies on the Indonesia Stock Exchange and the company's website. This study's population are mining companies listed on the Indonesia Stock Exchange during the 2014-2018 period. Using the purposive sampling method, the total sample of this study is 30 data from 39 companies. Data were analyzed by descriptive analysis and multiple regression analysis. The results of this study indicate that Corporate social responsibility disclosure affects tax aggressiveness. And managerial ownership as a moderating variable affects the relationship between corporate social responsibility disclosure and tax aggressiveness. It is suggested that companies must pay attention to the CSR disclosure and ownership structure and their relationship with tax aggressiveness. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/361 10.33005/jasf.v3i2.137 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 229-242 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/361/32 Copyright (c) 2020 Devi Putri Anggraeni, Sri Hastuti https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/362 2026-05-18T02:45:51Z jasf:ART

Auditor Switching, Financial Distress, and Financial Statement Fraud Practices with Audit Report Lag as Intervening Variable Widharma, Fandry Susilowati, Endah auditor switching financial distress audit report lag financial statement fraud This research aims to examine Auditor Switching and Financial Distress's effect on the possibility of Financial Statement Fraud occurrence, which is proxied by using the F-Score formula, and Audit Report Lag Intervening variable. This study's subjects are companies engaged in manufacturing and listed on the Indonesia Stock Exchange (IDX) with a research period in 2014-2018. The sample in this study used a non-probabilistic purposive sampling technique with a total of 27 manufacturing companies. The analysis technique in this study uses Partial Least Square (PLS) with smart PLS 3.0 tools. Results indicate that financial distress and audit report lag directly affect Financial Statement fraud. Auditor report lag as an intervening variable does not influence the relationship between auditor switching, financial distress, and Financial Statement fraud. These results imply that investors must be more careful in investing in the company with a lag in their audit reports. It is also suggested that management mustcontinue to be cautious with the opportunity to do fraud in the financial statement. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/362 10.33005/jasf.v3i2.135 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 2 (2020): JASF (Journal of Accounting and Strategic Finance) - November 2020; 243-257 2614-6649 10.33005/jasf.v3i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/362/33 Copyright (c) 2020 Fandry Widharma, Endah Susilowati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/363 2026-05-18T02:46:16Z jasf:ART

The Mechanism of Corporate Governance, Financial Performance, and Social Performance in Baitul Maal Wat Tamwil (BMT) Mukhibad, Hasan Nurkhin, Ahmad Financial Performance Social Performance Education Level of Supervisors Board Education Level of Sharia Supervisory Board Baitul Maal Wattamwil This study aimed to empirically prove the influence of the number and education level of managers, supervisory boards, Sharia Supervisory Board (SSB) and the attendance of Baitul Maal wat Tamwil (BMT) members (owners) in annual member meeting towards on profitability (ROA and ROE), and social performance (zakat performance). The research sample was BMT in Semarang Regency selected by purposive sampling method with an observation period from 2013 to 2017. Data analysis used the Structure Equation Model with the WarpPLS tool. The results showed that the number and education level of managers did not influence financial performance. The education level of the supervisory board had a significant influence on financial and social performance. The number and the education level of SSB changed financial performance, but the education level of SSB did not affect social performance. The Attendance of BMT members at the annual member meeting did not have a significant influence on BMT's financial and social performance improvement. These results indicated the minimal role of members in evaluating BMT performance, both profitability and social performance. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/363 10.33005/jasf.v3i1.66 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 1-17 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/363/34 Copyright (c) 2020 Hasan Mukhibad, Ahmad Nurkhin https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/364 2026-05-18T02:46:16Z jasf:ART

The Influence of Perceived Ease of Use on the Intention to Use Mobile Payment: Attitude toward Using as Mediator Setiawan, Maggie Setyawati, Christina Yanita attitude toward using financial technology intention to use perceived ease of use The purpose of this research is to find out the influence of perceived ease of use, perceived ease of use, and attitude toward using on the intention to use mobile payment and the influence of perceived ease of use on the intention to use mobile payment through attitude toward using as mediation variable for traders at Taman Puspa Raya (TPR) market. Taman Puspa Raya Market (TPR) is used as an object in this research because there is a shift of payment system to the traders at the TPR market that causes the traders to have similarities in using fintech as payment system alternative. This research uses a quantitative method. The population in this research is 168 traders at the TPR market that using mobile payment as a payment alternative. The number of samples in this research is 45 respondents, and the response rate in is 100%. In this research, data analysis is done by Structural Equation Modeling Partial Least Square (SEM-PLS). The results of this research prove that all hypotheses are accepted. These results indicate another support evidence for the theory of acceptance model (TAM). A suggestion to future researchers is to get closer to the traders before the study is made so that traders will be more proactive and willing to help in the process of filling out the questionnaire so that the data obtained is not biased. Suggestion for traders is traders can be more careful and double-check existing transactions by ensuring that the transaction is successful and there is a notification on the merchant's cellphone. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/364 10.33005/jasf.v3i1.67 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 18-32 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/364/35 Copyright (c) 2020 Maggie Setiawan, Christina Yanita Setyawati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/365 2026-05-18T02:46:16Z jasf:ART

Disclosure on Sustainability Reports, Foreign Board, Foreign Ownership, Indonesia Sustainability Reporting Awards, and Firm Value Aksan, Ismul Gantyowati, Evi Disclosure Firm Value Sustainability Report ISRA Foreign Ownership Foreign Board Foreign Commissioner This study aims to investigate how disclosure on sustainability reports, foreign on boards, and foreign ownership affect firm value. Indonesia Sustainability Reporting Award (ISRA) is used to moderate the impact of the disclosure on the sustainability report on the firm value from 2013 to 2017. This study uses 37 firms as a sample with 159 observations and using panel data analysis. Subgroup analysis is used to test the existence or absence of homologizer moderation. The result showed that only the disclosure of sustainability has a positive impact on firm value. Foreign board and foreign ownership have been shown to not affect firm value. Additional testing is performed by splitting types of companies that have become state-owned enterprises (SOEs) and non-SOE, as well as kinds of services & finance and Manufacturing & others. We found that foreign commissioners in the service and finance sectors category have a positive effect on firm value, and foreign ownership in State-Owned Enterprises (SOEs) has a positive influence on firm value. Therefore, it is suggested that the organization of ISRA should disclose their winning criteria since it can be used as information in decision-making.  Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/365 10.33005/jasf.v3i1.69 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 33-51 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/365/36 Copyright (c) 2020 Ismul Aksan, Evi Gantyowati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/366 2026-05-18T02:46:16Z jasf:ART

Determinants of Mobile Accounting App Adoption by Micro, Small, and Medium Enterprise in Indonesia Kholid, Muamar Nur Alvian, Shani Tumewang, Yunice Karina Intention MSMEs Mobile accounting app UTAUT This study figured out the factors that influence Micro, Small, and Medium Enterprises (MSMEs) in Indonesia to adopt a mobile accounting application as a tool to record business transactions and to prepare financial reports. This research applies the Unified Theory of Acceptance and Use of Technology (UTAUT) with two additional variables, namely perceived risk and perceived trust. Using a combination of purposive, convenience, and snowball sampling techniques, this study distributed questionnaires to MSME owners in Indonesia who know the mobile accounting app. Following that, this study uses the Partial Least Square-Structural Equation Model (PLS-SEM) to analyze the data obtained and to confirm the significance of the causality relationship. Effort expectancy, performance expectancy, social influence, and perceived trust have a significant positive effect on the intention to adopt a mobile accounting app. The study provides knowledge of the factors that influence MSME owners' intentions to choose a mobile accounting app which might help app providers to develop strategies to meet the expectation of MSME owners. This study merely examines the intention to adopt a mobile accounting app, hence further study could examine the user's intention to continue using the mobile accounting app, by using the longitudinal data collection. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/366 10.33005/jasf.v3i1.74 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 52-70 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/366/37 Copyright (c) 2020 Muamar Nur Kholid, Shani Alvian, Yunice Karina Tumewang https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/367 2026-05-18T02:44:51Z jasf:ART

How do Trading, Service, and Investment Sector Companies Make Transfer Pricing Decisions? Priyanti, Desy Wahyu Suryarini, Trisni Bonus mechanism tunneling incentive debt covenant sales growth The purpose of this study was to examine the effect of bonus mechanisms, tunneling incentives, debt covenants, and sales growth on company decisions in transfer pricing practices. Trading, service, and investment companies listed on the Indonesian Stock Exchange (IDX) in 2014-2018 were used as the research population. The sampling technique used a purposive sampling method with specific criteria so that the final sample of the study was 21 sample companies. The research analysis technique used multiple regression analysis techniques using the IBM SPSS 21 application. This study proved that the bonus mechanism and sales growth could not influence the company to choose to practice transfer pricing. Tunneling incentives have a positive and significant effect on the decision to practice transfer pricing. In contrast, debt covenants have a negative and significant impact on the decision to practice transfer pricing. This research concluded that bonus mechanisms and sales growth could not determine transfer pricing practice decisions while tunneling incentives can influence companies in making decisions on transfer pricing practices. Debt covenant has a negative and significant effect on transfer pricing practice decisions. Future research may use other bonus mechanism measures, such as proxies for compensation. Subsequent studies can select company objects with a larger population, such as non-financial companies on the IDX. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/367 10.33005/jasf.v4i1.109 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 1-12 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/367/38 Copyright (c) 2021 Desy Wahyu Priyanti, Trisni Suryarini https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/368 2026-05-18T02:44:51Z jasf:ART

Cryptocurrencies as a Hedge and Safe Haven Instruments during Covid-19 Pandemic Yuhanitha, Nensya Robiyanto, Robiyanto Hedge safe haven cryptocurrencies Generalized Autoregressive Conditional Heteroscedasticity (GARCH) Quantile Regression (QREG) This study examines the potential of cryptocurrencies such as Bitcoin, Ethereum, ripple, tether, and Bitcoin cash as hedging instruments and a safe haven for the Indonesian capital market, especially during the Covid-19 pandemic era. Now, Indonesia's capital market condition is in turbulence. The benefit of this research is to help the investors make decisions on which cryptocurrencies can be an instrument hedge and safe haven in this Covid-19 pandemic era for Indonesia Stock Exchange (IDX). The data used in this study are data on the closing price of the Composite Stock Price Index (CSPI), bitcoin (BTC), Ethereum (ETH), ripple (XRP), tether (USDT), and bitcoin cash (BCH) from January 3 to June 16, 2020. Data analysis used Generalized AutoregressiveConditional Heteroscedasticity (GARCH) and Quantile Regression (QREG). This study found that Bitcoin, Ethereum, tether, and Bitcoin cash can act as a hedge, but only the ripple cannot act as a hedge. Bitcoin, Ethereum, ripple, tether, and bitcoin cash cannot act as a safe haven when the Indonesian capital market was getting extreme, like during the Covid-19 pandemic era. The roles of Bitcoin, Ethereum, ripple, tether, and bitcoin cash as safe havens will fade when conditions in the Indonesian capital market become more extreme. This research can be used as a reference for investors for their investments by looking top four cryptocurrencies as a hedging instrument. However, in severe conditions such as during the Covid-19 Pandemic, the top five cryptocurrencies cannot be used as a safe haven, as revealed in this study. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/368 10.33005/jasf.v4i1.129 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 13-30 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/368/39 Copyright (c) 2021 Nensya Yuhanitha, Robiyanto Robiyanto https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/369 2026-05-18T02:44:51Z jasf:ART

Mysticism of Selling Price Hamemayu Hayuning Urip Bebrayan (Kejawen Ethno-Economic Approach) Prasetyo, Whedy Selling price hamemayu hayuning urip bebrayan kejawen ethno-economic harmonious interaction The qualitative research of this kejawen ethno-economic aims to reveal actions kejawen culture of hamemayu hayuning urip bebrayan. Culture staple seller of panunggalan community in Gede Traditional Market-Surakarta makes people together with buyers. This atmosphere makes selling price determination is not solely economic benefits as much as possible. Therefore, the cultural tradition of hamemayu hayuning urip bebrayan becomes an analytical tool. Data was collected through participant observation of the panunggalan community and scholars. The results show cultural mysticism affects selling the price-determining concept that combines economic and noneconomic values. This combination makes selling activities profit and loss and a spiritual and social belief that God gives sustenance through the buyer. An achievement makes it easy for sellers to feel what the buyer feels and considers the buyer, not someone else. This inner and outer whole conviction gave rise to kejawen ethno-economic. Ethno-economics is a transaction activity based on sympathetic feelings and thoughts not to harm (rumangsa handarbeni) by prioritizing honesty and kindness between seller and buyer. The activities of economic actors originate from thebalance between the way of life and activities. The balance to always remember and obey God and love fellow humans as a form of guidelines for living life. Guidelines are the essence of life serenity according to God's will. This condition fosters a close brotherhood of increasing brothers (sedulur). Fraternal relations as a form of harmonious interaction, so far, have provided fluency (pelarisan) and wealth (pesugihan). Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/369 10.33005/jasf.v4i1.125 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 31-53 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/369/40 Copyright (c) 2021 Whedy Prasetyo https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/370 2026-05-18T02:44:51Z jasf:ART

Financial Distress, Regional Independence and Corruption: An Empirical Study in Indonesian Local Governments Maria, Evi Halim, Abdul Suwardi, Eko Financial distress regional independence corruption local governments This study aims to determine the effect of financial distress and regional independence on the probability of corruption in the local governments, of Indonesia. This study used panel data from local governments in Indonesia in 2012 and 2013 with 785 local governments. Data in 2012 and 2013 was used since the trial process for fraud cases takes a long time to get to the permanent legal power decision (inkracht). Data were analyzed using logistic regression analysis. The study results found that financial distress did not affect the probability of corruption. In contrast, regional independence positively affected the likelihood of corruption in the local governments, in Indonesia. If regional independence is high, then the probability of corruption in the local government is also high, and vice versa. The study findings were also robust in an independent analysis when the additional test was carried out. Empirically, this study found that the independence of funding sources, independence ratios to meet regional needs, and regional income could be used to detect corruption in Indonesian local governments. While the budget solvency ratio, financial performance ratio of budget, the financial performance ratio of fund equity, and regional financial efficiency could not. The pressure to commit corruption occurs because the region is in an independent state. Therefore, supervision of the implementation of fiscal decentralization needs to be done so that corruption does not happen. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/370 10.33005/jasf.v4i1.159 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 54-70 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/370/41 Copyright (c) 2021 Evi Maria, Abdul Halim, Eko Suwardi https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/372 2026-05-18T02:44:51Z jasf:ART

Redesigning Clinical Pathway of Elective Caesarean Section Using Activity-Based-Costing Reduce Exposure to Covid-19 Asjanti, Lidia Fitriasari, Nikma Djamhuri, Ali ABC non-value-added activities COVID-19 This research objective is to discover non-value-added activities in the elective cesarean section (CS) clinical pathway (CP) through cost analysis using the ABC method and redesign elective CS CP at W Hospital. Activity-Based-Costing (ABC) is an accounting system designed through activity management. The ABC system identifies all functions in the service process chain, calculates the activity costs, and assigns costs to cost objects, such as activity-based service products. This calculation method emphasizes the service process. The ABC method is seen as a unit cost calculation system that is suitable for hospitals. CP costing using the ABC method is a cost analysis using CP as the basis for service activities. The CP of Elective CS consists of various activities. This study used a case study approach. The eight informants were the head of finance, the head of medical services and support, one ob-gyn specialist, one anesthetist specialist, one outpatient installation nurse, one midwife, one inpatient installation midwife, and onenutritionist. COVID-19 changed the procedures and influenced the activities of CS CP. The analyses were conducted using the ABC method and data triangulation. Non-value-added activities found were clinical assessment in the emergency room (ER), laboratory activities, and organic waste treatment. Non-value-added found in clinical assessment in the ER, laboratoryexaminations, and organic waste treatment. CP CS redesign consists of activities of admission, pre-operation, and post-operation, surgery, pharmacy, nutrition, medical records, laundry, billing, logistics, and management administration. The researchers suggest that W Hospital should redesign elective CS CP activities to eliminate non-value-added activities. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/372 10.33005/jasf.v4i1.145 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 71-90 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/372/43 Copyright (c) 2021 Lidia Asjanti, Nikma Fitriasari, Ali Djamhuri https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/373 2026-05-18T02:44:51Z jasf:ART

Gamification Model as a Business Strategy for MSMEs in Indonesia Saputra, Arief Dwi Rahmatia, Alfina Gamification Behavior Change Motivation Psychological Effects Gamification is a game design in a non-game context that can be applied to the Micro, Small, and Medium Enterprises (MSMEs) business. This study aims to see how the role of gamification can be a model in MSMEs' business activities and performance. The sample is 13 of 34 MSMEs business managed by students at the Provincial level in Indonesia who are student representatives at the Branch Leaders, Branch Managers, and Regional Leaders in a hierarchical structure. First, the root of the problem is viewed from secondary data through theoretical studies (literature reviews, reports, and reputable media data) and observations of empirical aspects (observation and interviews). In the next stage, the data is processed using the Nvivo 12 application with codingsimilarity analysis. Then the results of the study are used as a reference and conclusions through the data obtained. Based on the analysis results, the study agenda was prepared to answer the challenge of demographic bonuses and the middle-income trap on the contribution of MSMEs in facing changes in the economic order in the new normal era. The implication is to become abusiness model for MSMEs in overcoming human capital problems by encouraging creative and innovative attitudes and traits. Furthermore, the application of gamification as a business strategy shows an interconnected and supportive soul as a solution with an impact on behavior change, motivation, and psychological effects of entrepreneurship. Thus, users, such as managers,employees, dan customers, are to be involved in the selling process through gamification. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/373 10.33005/jasf.v4i1.162 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 91-107 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/373/44 Copyright (c) 2021 Arief Dwi Saputra, Alfina Rahmatia https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/374 2026-05-18T02:44:51Z jasf:ART

Do Cash Flow and Accounting Profit Information Affect Stock Prices? (Study of Food & Beverage Companies on the Indonesia Stock Exchange) Yuliati, Anik Muniroh, Indah Cash Flow, Accounting Profit, Stock Prices This study aims to determine the effect of cash flow statement information and accounting profit on stock prices. The object of this research is a food & beverage sub-sector manufacturing company listed on the Indonesia Stock Exchange in 2015-2019. The sampling technique used a purposive sampling technique with ten samples of financial statements that meet the criteria. Theanalysis technique uses the help of Partial Lease Square (PLS) with SmartPLS 3.0 Software. The study results show that the Cash Flow Statement of operating and funding information does not affect stock prices. On the other hand, information on the investing Cash Flow Statement and accounting profit affect stock prices. The more investors intend to buy or keep shares; the stock price will increase. Vice versa, if the number of investors who intend to sell or release shares increases, the share price will decrease. Based on these results, it is suggested that investors in deciding on selling or buying stock shares may pay more attention to the information from investing cash flow and accounting profit. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/374 10.33005/jasf.v4i1.199 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 108-121 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/374/45 Copyright (c) 2021 Anik Yuliati, Indah Muniroh https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/375 2026-05-18T02:44:51Z jasf:ART

Covid-19 and Its Effect on Small Businesses in Nigeria: A Rational Choice Theory and an Empirical Approach Sajuyigbe, Ademola Samuel Eniola, Anthony Abiodun Obi, James Nwoye Peter, Fred Ojochide COVID-19 Small Businesses Rational Choice Theory ASBON The misery and difficulties of the novel deadly infection (COVID-19) are of great concern to analysts, researchers, policymakers, and government agencies over the globe. This investigation examines the effect of the deadly infection (COVID-19) on small businesses in Nigeria, with particular reference to Lagos State. A purposive examining procedure was utilized to choose each of the 321 small businesses owner of Nigeria (ASBON) enlisted in the Lagos Business Directory. Close-ended questionnaires were used to gather data from the members. The data analysis was performed with percentage, mean, chi-square, and component factor analysis. The outcome uncovers that the deadly infection (COVID-19) has injured all the SMEs surveyed. It was discovered that most small businesses are doomed as a result of the negative impact of COVID-19. The assessment using rational choice theory derives that credit accessibility, tax waiver for sectors, the introduction of emergency advances, and flexibility of repayments of existing loans by financial institutions are solid palliative measures that can cushion the effect of the deadly infection (COVID-19). Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2021-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/375 10.33005/jasf.v4i1.169 JASF: Journal of Accounting and Strategic Finance; Vol. 4 No. 1 (2021): JASF (Journal of Accounting and Strategic Finance) - June 2021; 122-134 2614-6649 10.33005/jasf.v4i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/375/46 Copyright (c) 2021 Ademola Samuel Sajuyigbe, Anthony Abiodun Eniola, James Nwoye Obi, Fred Ojochide Peter https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/386 2026-05-18T02:42:53Z jasf:ART

Determinant of Earnings Management: Financial Distress, Tax Planning, Audit Quality, and Public Accountant Firm Size Farida, Ajeng Luthfiyatul Sugesti, Putri Fariska Audit Quality Earnings Management Financial Distress public accountant firm size tax planning Profit can show the information to the public in making investment decisions. The motivation of management to practice earnings management is to attract external parties, one of which is investors by increasing profits (income creating) and tax motivation by decreasing profits (income decreasing). This study aims to determine the effect of financial distress, tax planning, audit quality, and public accountant firm size on earnings management in mining sector companies listed on the Indonesia Stock Exchange (IDX) for the 2016-2020 period simultaneously or partially. The sample used was purposive sampling from 29 samples with 145 observational data. The method used panel data regression analysis. The results showed that financial distress positively affects earnings management, meaning that when a company is in a financial distress condition, it tends to practice earnings management to make better financial statements. While tax planning and audit quality do not affect earnings management, the size of public accountant firms has a negative effect on earnings management. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/386 10.33005/jasf.v6i1.386 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 1-15 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/386/47 Copyright (c) 2023 Ajeng Luthfiyatul Farida, Putri Fariska Sugesti https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/387 2026-05-18T02:42:53Z jasf:ART

Factors Affecting Students’ Use of Mobile Banking: An Extension of Technology Acceptance Model Susilowati, Endah Auliah, Alfiah Nur individual capability to operate information systems quality intention to use mobile banking trust user attitude Current developments in technology and communications have created various types and new business opportunities, so it is very important for companies to carefully understand customer needs, discover people's desires, and be able to provide products or services to customers that meet people's demands or exceed people's expectations. This study aims to test and prove the factors that influence the use of mobile banking, which consists of the quality of information systems, trust, capability of individual operations, user attitudes, and intention to use. This study assesses the technology acceptance model (TAM) theory to develop variable relationships. The study population was active students of a university in East Java, and the sample was taken by purposive sampling with a total sample of 91 students. This research uses a quantitative approach and questionnaire data collection methods. Data analysis techniques using multiple linear analysis with SPSS 23 software. The results of this study indicate that trust, individual capability to operate, and intention to use affect mobile banking use. In contrast, the quality of information systems and user attitudes do not affect the use of mobile banking. This study suggests that mobile banking providers must maintain consumers’ trust, capability to operate, and attitude so that the use of mobile banking is increased. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/387 10.33005/jasf.v6i1.387 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 16-34 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/387/48 Copyright (c) 2023 Endah Susilowati, Alfiah Nur Auliah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/388 2026-05-18T02:42:53Z jasf:ART

The Role of Corporate Social Responsibility Decoupling on Corporate Tax Avoidance Latif, Imam Nazarudin Efrina, Liona Mauliyah, Nur Ika CSR CSR decoupling greenwashing tax avoidance Tax avoidance is an issue that continues to generate debate and controversy for its ethics in the business world. Corporate Social Responsibility (CSR) has emerged as a significant factor in bridging the gap between government needs for tax revenues and corporate goals for economic growth. However, based on neo-institutional theory, companies may only show CSR symbolically without taking appropriate concrete actions, creating a gap between communication and actions related to CSR. This action, called CSR decoupling, can create the risk of greenwashing, namely the practice of deceiving the public about a company's environmental or social performance. Therefore, this study aims to investigate the relationship between CSR decoupling and tax avoidance. This exploratory and quantitative research used companies in the food and beverage industry for 2019-2021. Using the purposive sampling method, out of 23 from 72 companies selected, and 69 data were processed with SPSS. The results show that CSR decoupling positively influences tax avoidance, even after the robustness test. This result implies that companies that carry out CSR decoupling tend not to comply with tax regulations formally, although not substantially. The result also depends on the size of the audit committee, the size of the company, and the return on assets. These findings might be useful for policymakers, shareholders, management and board members, audit committees, and investors. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/388 10.33005/jasf.v6i1.388 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 35-50 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/388/49 Copyright (c) 2023 Imam Nazarudin Latif, Liona Efrina, Nur Ika Mauliyah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/391 2026-05-18T02:42:53Z jasf:ART

Tax Incentive-Based Economic Policy, Modern Tax Administration System, and Taxpayer Compliance of Micro, Small, and Medium Enterprises Mapuasari, Supeni Anggraeni Wibowo, Yudha Satrio Cakranegara, Pandu Adi incentive tax policy modern tax administration system the COVID-19 pandemic tax compliance theory of planned behavior This study examines the effect of tax incentive-based economic policies and modern tax administration systems through e-registration, e-filing, and e-billing on Micro, Small, and Medium Enterprises (MSMEs) taxpayer compliance in Palu City during the Pandemic Period. This study analyzed primary data from questionnaires distributed to 100 MSME taxpayers in Palu City. By using the theory of planned behavior (TPB) in taxpayer compliance research, researchers can understand in more depth why taxpayers do or do not comply, as well as identify the factors that influence their decisions. Testing the research variables was carried out using the Partial Least Square (PLS) method. The results showed that Tax Incentive-Based Economic Policies have a positive effect on MSMEs' taxpayer compliance. Meanwhile, implementing modern tax administration systems, such as e-registration, e-filing, and e-billing, did not affect MSMEs' taxpayer compliance. This result sheds light on the efficiency of regulation and tax systems to encourage tax compliance. Governments and agencies need to ensure that efforts are made to increase awareness, access, and ease of use of these systems, as well as understanding and overcoming barriers that may arise in practice. These can help design more effective tax policies and educational efforts to increase taxpayer compliance. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/391 10.33005/jasf.v6i1.391 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 51-70 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/391/51 Copyright (c) 2023 Supeni Anggraeni Mapuasari, Yudha Satrio Wibowo, Pandu Adi Cakranegara https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/392 2026-05-18T02:42:53Z jasf:ART

Environmental, Social, Governance Report, and Materiality Analysis Effect on Financial and Market Performance Indrawati, Andi Ruliana, Titin Yudhyani, Eka Nurfitriani, Nurfitriani environmental ESG reports financial performance governance market performance materiality social Environmental, Social, and Governance (ESG) Reports and materiality analysis are increasingly becoming a primary focus in socially and environmentally responsible corporate practices. These two elements play an important role in building financial and market performance. This research investigates the influence of ESG Reports and materiality analysis on company financial and market performance. This research method uses secondary data from a number of companies in various industries listed in IDX during the 2017-2021 period. Based on the purposive sampling technique, the sample was 23 companies, so the data processed was 115 data. Regression analysis and other statistical techniques measure the relationship between ESG variables and a company's financial results. The research results prove that elements of social and governance ESG have a negative effect on financial performance. Materiality analysis has a positive effect on market performance. These findings provide a strong basis for companies to pay more attention to ESG, especially on the social and governance factors and materiality analysis as strategic tools in risk management and improving financial and market performance. In addition, this research also provides valuable information for investors and other stakeholders increasingly paying attention to ESG aspects in their investment decision-making. Some suggestions were made for future research on ESG reports and sustainability. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/392 10.33005/jasf.v6i1.392 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 71-89 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/392/52 Copyright (c) 2023 Andi Indrawati, Titin Ruliana, Eka Yudhyani, Nurfitriani Nurfitriani https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/393 2026-05-18T02:42:53Z jasf:ART

Reliability of Audit Evidence during Pandemic Restrictions Fidiana, Fidiana Retnani, Endang Dwi audit evidence remote audit risk and materiality virtual audit The latest technology-based audits have quickly overcome traditional barriers for auditors to access data, client resistance, and client readiness. However, the auditor’s capacity to gather adequate and pertinent audit evidence may be hampered by limitations on travel and access as well as a shortage of human resources as a result of health issues. This research aims to analyze and discuss how auditors view and consider audit evidence throughout the pandemic. This qualitative method involves the perceptions of Indonesian Public Accountants (CPA Indonesia), especially in the Indonesian context. The informants were chosen by their involvement in their work as the partners or senior auditors of an audit firm. This research finds that during the pandemic, by fulfilling legal statutory audits and rendering a clean audit opinion even in the absence of compelling audit evidence, auditors can preserve their credibility and stability. Second, in the event of extraordinary circumstances, regulators ought to create audit guidelines and standards. Third, in order to perform audit procedures digitally and remotely, audit firms need to make investments in information technology. The implication is that the crusader, the safe pair of hands, the accommodator, and the truster are four different types of audit engagement partners discovered as a secondary result of this research. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/393 10.33005/jasf.v6i1.393 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 90-106 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/393/53 Copyright (c) 2023 Fidiana Fidiana, Endang Dwi Retnani https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/397 2026-05-18T02:42:53Z jasf:ART

Whistleblowing System: Do seniors blow less? Sari, Rida Perwita Surbakti, Lidya Primta Sari, Rika Puspita Nuswantara, Dian Anita Age Attitude Harmful Behavior Public Servant Whistle-blower Intention Whistleblowing Policy To fortify itself against any harmful behavior, an organization has meticulously designed a whistleblowing policy system. Despite the availability of this channel, not all members actively engage in using it to contribute to the overall health of the organization. To address this issue effectively, organizations need to conduct in-depth analyses to identify the specific barriers within their context. Our study responds to such topical issues by observing the role of seniority in motivating organizational members to actively embrace their roles as whistle-blowers. The research specifically examines the role of maturity in influencing individuals to step forward and report wrongdoing within the organization. In doing so, we employed the moderated regressions as a methodological approach, involving 396 employees from eight East Java offices of the Directorate General of Taxation. The study's findings provide empirical support for the notion that positive attitudes toward the use of the whistleblowing system significantly increase members' intention to report instances of wrongdoing. However, the research fails to corroborate the hypothesis that age plays a significant role in influencing people’s intention to be whistle-blowers. Considering these results, the implications for organizational governance and policymaking are discussed. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/397 10.33005/jasf.v6i1.397 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 107-127 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/397/54 Copyright (c) 2023 Rida Perwita Sari, Lidya Primta Surbakti, Rika Puspita Sari, Dian Anita Nuswantara https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/398 2026-05-18T02:42:53Z jasf:ART

Questioning the Accountability of Village Officials in Managing Village Funds: A Case Study in Karangan Dalam Village, Karangan District, East Kutai Regency, East Kalimantan Matiin, Nuuridha Amirudin, Amirudin role of village officials stewardship theory village funds accountability village funds management This study aims to apply stewardship theory to the analysis of village officials' roles in the planning, execution, administration, reporting, and accountability of village money. Officials from Karangan Dalam Village served as informants for this qualitative study. In planning efforts, the Secretary has created the Village Development Work Plan (RKPDesa) based on the questionnaires and stewardship philosophy. The village head receives submissions from the village secretary in the form of the village revenue and expenditure budget (APBDesa) and the village regulation work plan (Raperdes). The Village Consultative Body receives the Village Regulation Plan (Reperdes) Village Revenue and Expenditure Budget (APBDesa) for additional deliberation. The Village Fund Allocation (ADD) implementation provided information on the ADD manager's progress, particularly concerning fund absorption and physical activities. The person in charge of managing the village funds, the treasurer, keeps track of all income and expenses and neatly closes the books at the end of each month. Reporting on the management of village funds, the Village Head has sent the necessary SKPD to the regent, indicating the realization of budget utilization. Accountability for Village Fund Management: The village chief allocates the funds for the community, BPD, and regional government. The head of the village takes responsibility for overseeing the village's finances, and the ADD management has been operating well at the accountability stage. The head of the village consistently publishes the accountability outcomes of the APBDesa realization by the end of the relevant year. Village pages are still not being used to their full potential in terms of openness. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/398 10.33005/jasf.v6i1.398 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 128-154 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/398/55 Copyright (c) 2023 Nuuridha Matiin, Amirudin Amirudin https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/401 2026-05-18T02:42:53Z jasf:ART

Unleashing Creative Performance Accounting Students Yuhertiana, Indrawati accounting student creative performance explanatory sequential mixed method In the current VUCA world, creativity and the capacity to think innovatively become valuable advantages and essential tools that help navigate through the turbulent waves of change. This article examines the crucial significance of creativity in improving the academic achievement of accounting students. The study examines how students tap into their creative abilities in the field of accounting education, given the ever-changing nature of the industry and the growing need for novel approaches. This study used an explanatory sequential mixed methods approach to thoroughly examine the elements that impact the creative performance of accounting students. The integration of qualitative and quantitative methodologies offers an in-depth understanding of the diverse factors that contribute to creative abilities in the field of accounting education. There are 213 respondents from sixteen universities in Indonesia involved in the first phase. Further, there are 14 students of the accounting department UPN Veteran Jawa Timur. Three findings have emerged after a comprehensive investigation. There are three categories of students: those who possess creativity in accounting, those who possess creativity in non-accounting subjects, and those who do not possess creativity at all. The article finishes by evaluating the students' inclination to explore novel ideas and methodologies in accounting. The research seeks to illuminate these features to offer insights on cultivating a creative mentality among accounting students, ultimately equipping them for the changing demands of the accounting profession. The findings may have ramifications for creating curriculum and instructional practices that promote and cultivate creative thinking in accounting education. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/401 10.33005/jasf.v6i1.401 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 155-171 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/401/56 Copyright (c) 2023 Indrawati Yuhertiana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/402 2025-11-28T16:17:42Z jasf:ART

Trading Volume Activity Surrounding Earnings Releases: Evidence from Indonesia Nainggolan, Rexon Nainggolan, Ringkot P Earnings announcement efficient market hypothesis market liquidity trading volume activity The study investigates trading volume activities post-earnings announcement and their impact on abnormal returns. The objectives are to examine the changes in trading volume activities in response to earnings release and to measure the impact of the changes in trading volume activities on the cumulative average abnormal returns post-earning announcement. The study analyzes the trading volume response around the earnings announcement by comparing the ratio of trading volume activity (TVA) post-earnings announcements with the TVA during the estimation window. It reports an apparent increase in trading volume activity on day +2, indicating a slightly delayed reaction to the event's information. However, the findings indicate a significant relationship between cumulative abnormal returns and trading volume during the post-earning announcement abnormal return in a short period, following the semi-strong form of market efficiency. The study focuses on year-end announcements and does not evaluate interim announcements. The market response to interim data may vary and requires validation through an additional investigation. This implies that market traders should implement an effective trading strategy before the entire market reacts to the earnings announcement. Furthermore, the research findings underscore opportunities for policymakers to improve market infrastructure, hence augmenting the market's efficacy in conveying information pertaining to earnings releases. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/402 10.33005/jasf.v6i2.402 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 192-211 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/402/70 Copyright (c) 2023 Rexon Nainggolan, Ringkot P Nainggolan https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/404 2026-05-18T02:42:53Z jasf:ART

Becoming a Cashless Society: The Role of QRIS from the Z-Generation Student's Perspective Lau, Elfreda Aplonia Kulsum, Umi Cashless Society QRIS UTAUT Z-generation students Along with the development of QRIS in Indonesia and Bank Indonesia's efforts to expand the use of QRIS internationally, Z-generation students are faced with the dynamics of financial transaction options towards a cashless society. This study aims to prove the factors that influence the use of QRIS to become a cashless society from the perspective of Z-generation students. The analysis was carried out in-depth based on the UTAUT theory. This study uses primary data by distributing questionnaires to Z-generation students at two universities in Samarinda. A total of 273 data were processed with SmartPLS. Findings show that Z-generation students accept QRIS as a leader in changing the payment paradigm, with high usage intentions driven by effectiveness and efficiency in daily financial transactions. Social influence from peers and family has also been shown to play a key role in shaping attitudes and behavior in using QRIS. Nevertheless, interesting findings imply that supporting factors, such as facilitating conditions, do not always play a dominant role in influencing Z-generation students' decisions to switch to cashless. The implication is that even though QRIS has great potential to form a cashless society, a holistic approach that considers social and psychological factors is crucial. This study suggests that future research involves a broader and more diverse sample that may provide more holistic insights and generalization. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/404 10.33005/jasf.v6i1.404 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 1 (2023): JASF (Journal of Accounting and Strategic Finance) - June 2023; 172-191 2614-6649 10.33005/jasf.v6i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/404/57 Copyright (c) 2023 Elfreda Aplonia Lau, Umi Kulsum https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/405 2025-11-28T16:17:42Z jasf:ART

Using Electronic Money in Financial Transactions: Integrating the Second UTAUT Model Prasetiyo, Yudhi Electronic money financial technology financial transaction UTAUT-2 model The use of digital or electronic money has become a trend in people's lives nowadays. Digital money payment systems make it easy to access transactions and even record transactions directly. The acceptance of technology, such as electronic money, in financial transactions was explored by integrating the second Unified Theory of Acceptance and Use of Technology (UTAUT) model. This research wants to know the behavior of using digital or electronic money in people's daily lives in carrying out financial transactions. This research provides an overview of exploratory observations using a quantitative approach. The primary data used to answer the phenomenon is data from a questionnaire. The target sample is a random population with a respondent age range of 17-55 years. IBM SPSS Statistics 25 and structural equation modeling (SEM) are the analytical tools used to identify and validate the elements and variables associated with the desire to conduct financial transactions using electronic or digital currency. There were 381 respondents from several large cities such as Medan, Jakarta, Bandung, Semarang, and Surabaya. The results of research on independent variables on behavior intention show there are four factors, of which there is a significant positive influence, namely performance expectations, social factors, facilitating conditions, and hedonic motivation; one variable has no effect, namely effort expectations. Then the price value and habit variables influence behavioral usage. Moreover, results from the intention variable also significantly impact behavioral usage. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/405 10.33005/jasf.v6i2.405 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 212-235 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/405/71 Copyright (c) 2023 Yudhi Prasetiyo https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/425 2026-05-18T02:42:28Z jasf:ART

Management Control System Backbone in a CPA Firm: Middle Managers and the Power of Cultural Control Saputra, Jesslyn Elaine Efferin, Sujoko Middle Manager Management Control System Role Dissonance This research aims to broaden the understanding of the middle manager's role in the management control system, particularly in mediating the relationship between superiors and subordinates. The methods employed in this research are an interpretive paradigm with interview, observation, and document analysis data collection methods. Findings indicate that middle managers at the CPA X play a crucial role in addressing ignorance, inability, and unwillingness in the company. Although there are no formal controls, role dissonance among middle managers is minimal due to the presence of strong cultural controls. Cultural control can compensate for other forms of control, thus minimizing the occurrence of role dissonance experienced by the manager of CPA Firm X. This research provides insight into the importance of middle managers' role in fulfilling their function as an intermediary in the management control system aimed at aligning the goals of top management with operational employees. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/425 10.33005/jasf.v7i1.425 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 96-113 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/425/84 Copyright (c) 2024 Jesslyn Elaine Saputra, Sujoko Efferin https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/426 2026-05-18T02:46:16Z jasf:ART

Market Reaction on the Announcement of Elected President (The 2019 Presidential Election in Indonesia) Fidiana, Fidiana abnormal return event study political event trading liquidity Investors tend to respond to political events information because they are considered to be supporting or risking the stability of the capital market, so they must immediately make investment decisions quickly. Unlike the election process in other countries, this five-yearly election in Indonesia is not just a regularity of changing authorities but also carries an ideological gamble. The 2019 election as a necessary test for Indonesia related to the issue of communist phobia: between secular and conservative. Different from previous research on political events that focus on the electoral period, this study aims to prove the information content of the presidential announcement in 2019 by using a window period of eleven days, which is five days before and five days after the announcements. Tests were conducted on 45 companies registered as LQ-45 companies in 2019. Different samples of paired tests were done using a paired t-sample tool by comparing abnormal returns and the level of stock trading activity. By using various tests, this study proves the existence of significant differences in abnormal returns and trading activities in the period before and after the 2019 presidential announcement. So, it was concluded that the 2019 presidential announcement had information content that had an impact on obtaining abnormal returns for investors. This study also proves that investors respond to information and political events as part of their investment decisions. So that daily transaction fluctuations are indicated by a trend of increasing and decreasing selling and buying actions on a spot time. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/426 10.33005/jasf.v3i1.77 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 71-87 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/426/58 Copyright (c) 2020 Fidiana Fidiana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/427 2026-05-18T02:46:39Z jasf:ART

Does Ethical Context Affect the Ethically Related Judgment by the Observers of Earnings Management? Kesaulya, Feby Astrid Putri, Weny Khairunnisa, Khairunnisa Ethical Context Ethically Related Judgment Earnings Management This research aims to empirically prove that there will be a difference in ethically related judgment by the observer of earnings management, primarily when they work in the company, which has a higher ethical context or value, and they know the moral agent personally. This research used experiment 2x2 between subjects to collect data by giving each respondent different treatments and scenarios. The different treatments to the respondents are the diverse workplaces with different ethical values and whether the respondents were related to the moral agent. The sample for this research is the students of Musi Charitas Catholic University from both accounting and management majors who have been taking specific courses, e.g., Business Ethics, Business and Management, and Management Control System, so that they can figure out the organizational structure and how earnings management happen. The final sample for this research is 67 respondents from both majors. The result of this research proves that there is no different ethically related judgment from each observer in each scenario, whether they come from the company with the high or low ethical context or whether they know the moral agent personally or not. The results indicate that ethical judgment is more affected by the ethical value from each person rather than organizational culture or egocentric bias. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/427 10.33005/jasf.v2i2.51 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 107-116 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/427/59 Copyright (c) 2019 Feby Astrid Kesaulya, Weny Putri, Khairunnisa Khairunnisa https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/428 2026-05-18T02:46:39Z jasf:ART

Implementation of Good Governance, Utilization of Information Technology, And Reliability of Government Financial Statements Jauhari, Hadi Sari, Yuliana Dewata, Evada Good Governance Utilization of Information Technology Reliability of Local Government Financial Statements The lack of optimal implementation of Good Governance and the use of information technology is thought to affect the quality of government financial reports. For this reason, this research is intended to determine the relationship between the application of Good Governance, the use of information technology and the reliability of the financial statements of the regional government of South Sumatra Province. The study population was employees of 40 Regional Apparatus Organizations in South Sumatra Province. The sampling technique used is purposive sampling, and 120 respondents are obtained consisting of heads of departments, treasurers of offices, administrators of finance or accounting, and staff of finance at the Regional Apparatus Organization of South Sumatra Province. The collection method uses a questionnaire distributed from May-June 2019. The results of the study show that Good Governance does not have a significant effect on the reliability of local government financial reports.  On the contrary,  the use of information technology has a significant positive impact on the reliability of local government financial reports. The results of this study have implications for the Regional Government of South Sumatra Province as a Good Governance agent in the government to commit and consistently utilize information and accountable technology in transparent financial reporting. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/428 10.33005/jasf.v2i2.59 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 117-126 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/428/60 Copyright (c) 2019 Hadi Jauhari, Yuliana Sari, Evada Dewata https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/429 2026-05-18T02:46:39Z jasf:ART

The Determinant of Equity Share Price and the Listed Deposit Money Banks in Nigeria Oyedokun, Godwin Emmanuel Arotolu, Olusegun Adebowale Vincent, Harison Deposit money banks Dividend yield financial variables Price Earnings Ratio Equity Share Price In this study, the researcher examined the financial variables influencing the share price of listed deposit money banks in Nigeria. An ex-post facto research design was employed with the population consisting of all fifteen (15) listed deposit money banks on the Nigeria Stock Exchange (NSE), and a sample of twelve (12) listed deposit money banks on NSE was taken using filter criteria and judgmental sampling techniques. Secondary data used were sourced from the annual reports of the sampled banks and GTI Securities Ltd. for five years period from 2013-2017. Ordinary Least Square (OLS) was used to analyze the data. The results of the multiple regression revealed that the dividend payout ratio and price-earnings ratio have a significant positive relationship with the share price. The results also showed that dividend yield has a significant negative association with share price; the book value per share has no meaningful relationship with the share price. This study recommends that the shareholders in the deposit money banks should be guided by industry financial ratios, especially the profitability measures of price-earnings ratio and dividend payout ratio, as they are critical factors in predicting share price behavior. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/429 10.33005/jasf.v2i2.48 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 127-142 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/429/61 Copyright (c) 2019 Godwin Emmanuel Oyedokun, Olusegun Adebowale Arotolu, Harison Vincent https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/430 2026-05-18T02:46:39Z jasf:ART

Investigating the Effect of Liquidity, Leverage, Sales Growth, and Good Corporate Governance on Financial Distress Dianova, Agustina Nahumury, Joicenda Financial Distress Liquidity Leverage Sales Growth Good Corporate Governance Large companies may experience financial distress because of their inability to compete. Therefore, investors should be more vigilant in investing their funds. Some ways that can be done is through cash flow analysis, analysis of corporate strategy, and analysis of financial statements. This study aims to determine the effect of liquidity, leverage, sales growth, and good corporate governance on financial distress. The study used 55 samples of telecommunication and non-construction companies listed in Indonesia Stock Exchange period 2013-2017. The technique sampling in this study is the purposive sampling method. The data analysis method is PLS (Partial Least Square). The results of this study indicate that liquidity, leverage, sales growth, and good corporate governance do not affect financial distress. These unexpected results may due to the limitation of this study. Therefore, for future research in financial distress, it is suggested to take into account the sample size and other variables that expected to affect financial distress. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/430 10.33005/jasf.v2i2.49 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 143-156 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/430/62 Copyright (c) 2019 Agustina Dianova, Joicenda Nahumury https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/431 2026-05-18T02:46:39Z jasf:ART

The Influence of Competency, Independency, and Professionalism on Audit Quality: (Empirical Study in Accounting Firms in Central Java) Kartika, Dewi Pramuka, Bambang Agus Audit Quality Competency Independency Professionalism The purpose of this research is to examine the influence of competency, independency, and professionalism on audit quality. Competency, independency, and professionalism are three characteristics of a competent auditor. The population of this research is the auditor of accounting firms in Central Java. The samples of this research are employees of auditors working at accounting firm (KAP) Budiman, Wawan, Pamudji Tegal, KAP Wartono & Fellow Surakarta, KAP Sophian Wongsaro Semarang, KAP Heliantono & Semarang Branch.  Forty-five questionnaires are employed in this study. Before the hypotheses testing, validity and reliability tests are run to determine the validity and reliability of the data. Hypothesis testing techniques uses regression analysis. These research results show that competency, independency, professionalism influence the quality of the audit. However, these results have to be cautiously interpreted since only few auditors’ questionnaires were worth analyzing. Future studies may increase the number of KAPs from other districts in Indonesia or using not only auditors from accounting firms but also government auditors or internal auditors. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/431 10.33005/jasf.v2i2.58 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 157-169 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/431/63 Copyright (c) 2019 Dewi Kartika, Bambang Agus Pramuka https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/432 2026-05-18T02:46:39Z jasf:ART

Accounting Students Perceptions on Factors Affecting Career Choices: (Study at STIE Perbanas Surabaya) Andayani, Sari Cahyadi, Donny Dwi Suryaningrum, Diah financial rewards professional recognition professional training job market considerations personality A career as an accountant is seen as promising bright prospects because this profession provides intellectual challenges and invaluable learning experiences. This study aims to determine the reasons for the accounting profession's career selection. This study uses the variables of financial rewards, professional recognition, professional training, job market considerations, and personality as factors that influence the choice of profession, namely public accountants, management accountants, accountant educators, and government accountants. The population in this study were all accounting students of semester seven and semester five who were active at STIE Perbanas Surabaya, with a total of 225 students for semester seven and 258 students for semester five. Research samples with non-probability techniques. The data of this study are primary data obtained from distributing questionnaires. Kruskal Wallis analysis technique is used to test the proposed hypothesis. Based on the test results, it was concluded that accounting students who chose the profession as public accountants, management accountants, educator accountants, and government accountants had different perceptions about the factors of financial rewards, professional recognition, professional training, and job market considerations. However, there was no difference in the perception of the personality. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/432 10.33005/jasf.v2i2.63 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 170-182 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/432/64 Copyright (c) 2019 Donny Dwi Cahyadi, Sari Andayani, Diah Suryaningrum https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/433 2026-05-18T02:46:39Z jasf:ART

Student Perceptions of Fraud and Whistleblowing Based on Gender: (Case Study on the Students of Faculty of Economics Universitas Hasyim Asy'ri Tebuireng Jombang) Agustina, Rachma Pertiwi, Dwi Ari Zutiasari, Ika Ardiana, Meta Gender Fraud Perception Whistleblowing Perception When giant companies are involved in fraud that has an extremely detrimental effect on the economy, the fraud cases become scandalous. The giant company's fraud case was revealed, mostly because of the information within the company that was revealed by the company's employees, which is called whistleblowing. The purpose of this study is to prove the differences in students' perceptions of fraud and whistleblowing behavior based on gender factors. Research is conducted on students of the Faculty of Economics of Universitas Hasyim Asy'ari Tebuireng Jombang, who are in the third semester or above so that they already understand fraud and whistleblowing. This type of research is quantitative research based on empirical studies. The research sample was selected by using the technique of probability sampling with the category of simple random sampling. The hypothesis testing using multiple research paradigms with one dummy variable and two dependent variables so that it uses two simple dummy regression tests. The decision on the results of hypothesis testing uses two R Square determination coefficients to explain the relationship of each variable. The results of this study prove that there is no gender effect on the students' perception of fraud and whistleblowing. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/433 10.33005/jasf.v2i2.62 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 183-192 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/433/65 Copyright (c) 2019 Rachma Agustina, Dwi Ari Pertiwi, Ika Zutiasari, Meta Ardiana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/434 2026-05-18T02:46:39Z jasf:ART

The Association between Locus of Control and Job Satisfaction to Auditor Ethical Sensitivity: (Study of Auditor of Financial and Development Supervisory Agency in East Java) Gunawan, Adi Munari, Munari Locus of Control Job Satisfaction Auditor Ethical Sensitivity This study aims to analyze the association between locus of control and job satisfaction to auditor ethical sensitivity. The association between locus of control and ethical sensitivity is based on the notion that auditors with an internal locus of control likely have a high ethical sensitivity. The association between job satisfaction has emerged from the understanding that auditors who are satisfied with their jobs tend to have keen ethical sensitivity. The population of this study is 300 government auditors at the office of Financial and Development supervisory agency (BPKP) in East Java. The sampling technique is simple random sampling, which includes a minimum number of sample of 30 auditors. The type of data is primary data gathered from distributed questionnaires. Rank Spearman correlation test is used to determine the association between the variables. This research found that locus of control is related to auditor ethical sensitivity. It implies that internal locus of control can influence the auditors' decision-making when faced with an ethical dilemma. On the other hand, job satisfaction does not associate with auditor ethical sensitivity. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2019-11-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/434 10.33005/jasf.v2i2.64 JASF: Journal of Accounting and Strategic Finance; Vol. 2 No. 2 (2019): JASF (Journal of Accounting and Strategic Finance) - November 2019; 193-207 2614-6649 10.33005/jasf.v2i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/434/66 Copyright (c) 2019 Adi Gunawan, Munari Munari https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/435 2026-05-18T02:46:16Z jasf:ART

The Analysis of Intention and Use of Financial Technology: (The Case of E-money) Rahardjo, Budi Akbar, Bintang Mukhammad Burhanudin Novitaningtyas, Ivo e-money financial technology UTAUT2 The rapid development of technologies affects the financial technology sector, especially e-money in Indonesia. This research aims to analyze the determinant from intention and use behavior of financial technology (e-money) using UTAUT2 as the model. This research took place in Jabodetabek, with a total sample of 300 people as the respondents. The purposive sampling method is used as the sampling method in this study. The scale which is used in this study is the Likert scale with a range of 1-5. Data were analyzed using descriptive and Structural Equation Modeling (SEM). The results show that performance expectations, effort expectancy, social influence, facilitation conditions, and habits are factors that influence the intention and use of e-money. On the other hand, hedonic motivation and price value do not affect behavioral intention. It indicates that using financial technology is a must and not depend on user motivation or the price of the technology. These results provide implications about several factors as the determinant of e-money for stakeholders to develop the strategy for e-money based on the most influential factor that affects consumers as users. While developing e-money technology, the developer should take into account factors such as performance expectations, effort expectancy, social influence, facilitation conditions, and habits. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/435 10.33005/jasf.v3i1.70 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 88-102 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/435/67 Copyright (c) 2020 Budi Rahardjo, Bintang Mukhammad Burhanudin Akbar, Ivo Novitaningtyas https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/436 2026-05-18T02:46:16Z jasf:ART

The Influence of Audit Staff Quality and Client Type on Audit Evidence Collection with Communication Type as Moderation Rahim, Syamsuri Ahmad, Hamzah Nurwakia, Nurwakia Nurfadila , Nurfadila Muslim, Muslim audit evidence collection staff audit quality client type communication type This study aims to examine the effect of audit staff quality (staff in-charge or auditors who carry out audit tasks), and the client type on the audit evidence collection is moderated by the communication type. The study population was auditors working in the Makassar Public Accounting Firm. The sampling technique used was purposive sampling, while the data collection was done by distributing questionnaires to all auditors who met the sample criteria. The samples are thirty-three auditors from seven public accountant office in Makassar city. The hypothesis test was conducted using Smart PLS 3. This study found that the audit staff quality, client type, and communication type had a positive effect on the collection of audit evidence directly. Furthermore, the moderation test results found that the communication type strengthens the relationship between the client type and the collection of audit evidence. It means that while gathering audit evidence, the higher the audit staff quality, the more evidence they can obtain. The same result also found in the relationship between the client type and the audit evidence collection. When the client type is friendly, the more audit evidence is gathered. Based on these results, it is suggested that junior auditor must build their confidence in dealing with the clients. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/436 10.33005/jasf.v3i1.79 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 103-117 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/436/68 Copyright (c) 2020 Syamsuri Rahim, Hamzah Ahmad, Nurwakia Nurwakia, Nurfadila Nurfadila , Muslim Muslim https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/437 2026-05-18T02:46:16Z jasf:ART

Narrative Online Advertising as External Variable in the Development of the Technology Acceptance Model of Go-Pay for Millennials Purwanto, Sugeng Hartini, Sri Premananto, Gancar Candra Narrative Online Advertising Technology Acceptance Model (TAM) e-wallet GoPay Human life is inseparable from technological developments. Until now, research related to the Technology Acceptance Model (TAM) is still used as a basis for the theory of technology product acceptance in line with the increasingly complex development of human behavior and needs. This research is the development of Technology Acceptance Modeling (TAM) by involving the Narrative Online Advertising variable. The purpose of this study is to develop and test the model by including the Narrative Online Advertising variable as an external variable or antecedent variable to the attitudes and intentions of millennials in adopting an electronic wallet (Go-Pay). The Narrative Online Advertising variable, as the theory developed by Ching, Tong, Chen, & Chen, is an online advertising strategy involving the narrative element in advertising content, which has been widely displayed on the internet media. The object used in this study is Go-pay, a popular electronic wallet application in Indonesia. The sample in this study is the millennial communities domiciled in Surabaya totaling 200 respondents, collecting data through questionnaires, using a Likert scale, and the analytical tool used is SmartPLS. The results of this study show that Narrative Online Advertising has a positive effect on the Perception of Ease of Use, but does not affect the Perception of Benefits. At the same time, the four factors positively affect the Attitude and intention to adopt Go-pay. These results indicate that millennials will use Go-pay if Narrative Online Advertising is improving their interest in using the e-wallet. Therefore, it is suggested that in making an e-money application, Narrative Online Advertising is important to attract millennials in using the app. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2020-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/437 10.33005/jasf.v3i1.95 JASF: Journal of Accounting and Strategic Finance; Vol. 3 No. 1 (2020): JASF (Journal of Accounting and Strategic Finance) - June 2020; 118-135 2614-6649 10.33005/jasf.v3i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/437/69 Copyright (c) 2020 Sugeng Purwanto, Sri Hartini, Gancar Candra Premananto https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/440 2026-05-18T02:42:28Z jasf:ART

Income Realization Concept for Sustaining Fish Balance: An Eco-Ethnomethodology of Fisherman Kawruh Jati Prasetyo, Whedy Fish balance kawruh jati income realization fishermen's exchange rate sustainability This qualitative eco-ethnomethodological research on kawruh jati fishermen aims to reveal the determination of fish balances. Balance sheet for determining fish potential with the reality of haul as a balance of fishermen's income. This reality creates real potential between haul and availability of fish. Therefore, the potential of fish haul using kawruh jati eco-ethnomethodology becomes an analysis tool. Data was collected through interviews and direct observation. The research results show that the reality of the haul is the main condition for income balance. Therefore, fish availability is the main value of fishing capacity that determines the amount of income realized in fishermen's exchange rate calculations. The realization of this exchange rate is based on the process of collecting one's income after sales. Conditions that make the preservation and continuity of marine resources or ecology a relationship that cannot be separated from intention or will. This situation means recording fish balances is realizing the fishermen's self-willed income and haul. This reality continues to bind or become necessary until that necessity is maintained as self-awareness for kawruh jati fishermen. This awareness means that fishing activities maximize fishing effort and availability of the fish itself. This realized balance can be used as a continuation of research to use an ethnographic approach based on participant observation as a complete source and an eliciting photography approach. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/440 10.33005/jasf.v7i1.440 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 1-17 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/440/78 Copyright (c) 2024 Whedy Prasetyo https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/444 2026-05-18T02:41:54Z jasf:ART

Digitalization of Accounting: Accountant Profession in Facing Challenges of Era 5.0 Syamsiyah, Khoirun Nisa' Leniwati, Driana Affan, Muhammad Wildan Digital Transformation Accounting Information Systems Accountant Profession Audit Tool and Linked Archive System (ATLAS) Pusat Pembinaan Profesi Keuangan (P2PK) This study aims to determine how the accounting profession responds to the issue of digitalization. This study uses a qualitative research method with a case study design. Data collection was conducted through interviews at one of the Public Accounting Firms in Malang. The findings in this study are concerned about client data leaks that affect trust in digital systems, especially in the use of Audit Tools and Linked Archive System (ATLAS) in their work, significant benefits in the efficiency and accuracy of accounting work through the use of technology, and threats to the accounting profession due to automation and the increasing risk of cybercrime. The results of this study itself offer strategic insights into dealing with changes in the landscape of the accounting profession, including strengthening data security, adapting skills, and developing policies that support digital transformation. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/444 10.33005/jasf.v7i2.444 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 219-234 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/444/92 Copyright (c) 2024 Khoirun Nisa' Syamsiyah, Driana Leniwati, Muhammad Wildan Affan https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/450 2026-05-18T02:42:28Z jasf:ART

Maximizing Firm Value: Analyzing Profitability and Leverage with Tax Avoidance Interventions Susilowati, Endah Fadilah, Aidha Kurnia Wardhani Putri, Sofie Yunida Andayani, Sari Kirana, Nanda Wahyu Indah Firm value leverage manufacturing companies profitability tax avoidance. This study aims to analyze whether there is an effect between Profitability, Leverage, and tax avoidance toward firm value, either directly or indirectly. This research uses quantitative methods with partial least square analysis techniques. The data was obtained through the official website of the Indonesia Stock Exchange. This study found that 58 manufacturing companies were listed on the Indonesia Stock Exchange from 2016–to 2018. The results indicate that profitability and leverage do not affect tax avoidance and profitability. Leverage affects firm value, and tax avoidance does not mediate the effect of Profitability and Leverage toward firm value. Tax avoidance does not mediate the impact of leverage on firm value because the higher the leverage, the greater the funds provided by the creditor, and this makes investors careful about investing in companies with a high leverage ratio. This study implies that maximizing firm value does not necessarily require the company to engage in tax avoidance schemes since increasing profit will signal to the investor that the company has been managed effectively and ultimately maximizes firm value. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-11-26 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/450 10.33005/jasf.v7i1.450 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 114-132 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/450/86 Copyright (c) 2024 Endah Susilowati, Aidha Kurnia Wardhani Fadilah, Sofie Yunida Putri, Sari Andayani, Nanda Wahyu Indah Kirana https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/465 2025-11-28T16:17:42Z jasf:ART

Agency Control on Capital Market Efficiency: Evidence from Earnings Announcement Peranginangin, Adat Muli Earnings announcement market efficiency IDX market This study investigates how agency control influences the market's response to new information disclosed during earnings announcements. The aim is to investigate the potential connection between agency control and market efficiency. The research employs an event study as the principal metric and ordinary least squares to evaluate the relationship between agency control and the firms' cumulative earnings announcement returns. This study analyzes the effect of earnings announcements on abnormal returns, utilizing 93,244 daily data from all listed firms between July 2018 and December 2019, specifically during the reporting of year-end financial statements as of December 31, 2018. The study reveals that firms under concentrated ownership and family control do not conform to the semi-strong form of market efficiency, as evidenced by the absence of significant abnormal returns during the event. Insignificant abnormal returns following earnings announcements indicate that the market has assimilated the firms' financial information before the announcement date, as these stakeholders possess privileged access to the firms' information well in advance of the announcements. As a result, the market no longer receives new information from the event or encounters any significant unforeseen news. Consequently, the study determines that agency control may affect the market efficiency of a capital market. The study advises policymakers to examine this issue and adopt measures to alleviate information asymmetry between controlling and non-controlling shareholders. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/465 10.33005/jasf.v6i2.465 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 300-319 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/465/75 Copyright (c) 2023 Adat Muli Peranginangin https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/466 2025-11-28T16:17:42Z jasf:ART

Evaluating Financial Health and Sustainability of Post-Merger Port Operations in Indonesia: Liquidity and Profitability Insights Liwaul, Liwaul Dali, Nasrullah Sahrun, Sahrun Digital innovation diversification financial restructuring partner collaboration revenue optimization This study aims to analyze the financial health of PT Pelabuhan Indonesia (PT Pelindo) after the merger with a liquidity and profitability assessment approach for the sake of the company's survival in global economic turmoil and increased digital services for consumers who use transportation services. The method used is secondary data in the form of audited financial statements (2021-2023). This research uses a descriptive quantitative approach by analyzing the company's liquidity, profitability, and efficiency. The analysis technique uses liquidity financial ratio analysis, including current, quick, and cash ratios. In contrast, profitability ratios include gross profit margin (GPM), net profit margin (NPM), return on assets (ROA), and return on equity (ROE) to describe the company's financial health condition. The results and discussion of the study indicate that the Indonesian port company (PT Pelindo), after the merger from 2021 to 2023 suggests that it needs to implement a liquidity strategy through financial restructuring with a focus on managing current assets and current liabilities, increasing cash efficiency, accelerating collections, and reviewing capital structure to ensure liquidity remains adequate and reduce liquidity risk, especially with the downward trend in cash ratio which can threaten the company's stability in the future. Improving the profitability of Indonesian port companies should focus on operational cost efficiency, including digitalization, process and preventive maintenance, and collaborating with strategic partners to increase revenue, diversify port services, and optimize asset usage to maintain long-term financial stability and minimize negative impacts and external fluctuations. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/466 10.33005/jasf.v6i2.466 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 236-258 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/466/72 Copyright (c) 2023 Liwaul Liwaul, Nasrullah Dali, Sahrun Sahrun https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/467 2026-05-18T02:42:28Z jasf:ART

The Importance of Micro, Small, and Medium Enterprises Competitiveness through Digital Transformation Ketut , Merta I Nyoman , Usadha I Dewa Wayan , Sudiartini Ni Digital transformation HR competence marketing performance social capital MSMEs Badung Regency-Bali Indonesia The emergence of the Industrial Revolution has led to transformative changes in global industries driven by digital technology and automation. These changes have brought both opportunities and challenges to MSMEs. This research examines how social capital, marketing performance, and human resources affect MSMEs' competitiveness with digital transformation as a mediating variable. This study uses quantitative methodology and a causal associative approach. A stratified random sampling technique will ensure adequate representation from different industries and geographical areas. Data were collected using a questionnaire distributed and filled out by 200 MSME entrepreneurs at three locations in Badung Regency: Kuta, North Kuta, and South Kuta, Bali-Indonesia. The data was analyzed using Partial Least Squares-Structural Equation Modeling (PLS-SEM). The results of this research show that social capital, marketing performance, and human resources have a significant influence on MSMEs' competitiveness. Digital transformation has an insignificant effect on MSME's competitiveness in Badung Regency, Bali Province. Digital transformation has been proven to mediate the effect of marketing performance on SMEs' competitiveness. Digital transformation cannot mediate the effect of social capital and human resources on SMEs' competitiveness in Badung Regency, Bali Province. The results of this study can serve as a guide for future researchers who will tackle related issues. In addition, more research is required to increase the variety of variables and locations to obtain more meaningful results. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/467 10.33005/jasf.v7i1.467 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 18-38 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/467/77 Copyright (c) 2024 Merta I Ketut , Usadha I Dewa Nyoman , Sudiartini Ni Wayan https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/468 2026-05-18T02:42:28Z jasf:ART

Preserving MSMEs Competitive Advantage: Moderation by Business Size Norvadewi, Norvadewi Zaroni, Akhmad Nur Business size digital marketing entrepreneurial leadership HR competence MSMEs competitive advantage East Kalimantan Province-Indonesia One business sector that has the biggest impact on the expansion of the national economy is Micro, Small, and Medium Enterprises (MSMEs). Due to the economic crisis, some MSMEs have developed successfully, while others have failed. This study analyzes the influence of entrepreneurial leadership, digital marketing, and HR competence on MSMEs' competitive advantage, with business size as a moderating variable. This study uses quantitative methodology and a causal associative approach. The stratified random sampling technique ensured adequate representation from diverse industries and geographic regions. A questionnaire distributed and completed by 150 MSME entrepreneurs in Nunukan, Berau, and Kutai Kartanegara, East Kalimantan Province, was used to gather data. Partial Least Squares-Structural Equation Modeling (PLS-SEM) was used to analyze the data. The study showed that entrepreneurial leadership and digital marketing significantly affect MSME's competitiveness. Meanwhile, HR competence and business size have an insignificant effect on MSMEs' competitive advantage in East Kalimantan Province. Business size is proven to moderate the effect of entrepreneurial leadership and digital marketing on MSMEs' competitive advantage in East Kalimantan Province. The business size cannot moderate the relationship between HR competence and MSMEs' competitive advantage. The results of this research can serve as a guide for future researchers who will tackle related issues. The study is anticipated to act as a mutually beneficial role model to guarantee the best possible empowerment of MSMEs with the aid of technology. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/468 10.33005/jasf.v7i1.468 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 39-61 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/468/79 Copyright (c) 2024 Norvadewi Norvadewi, Akhmad Nur Zaroni https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/469 2025-11-28T16:17:42Z jasf:ART

Harmony of Bank Structure Ownership through Tri Hita Karana Cultural Concept Sukendri, Nengah Muktiyanto, Ali Geraldina , Ira Safitri, Julia Banking harmonization bank ownership structure Tri Hita Karana Tri Hita Karana is a philosophy of balance originating from Bali. From a banking perspective, Parahyangan can be interpreted as ethical and responsible governance. Pawongan reflects the balance of interests between various interested parties, from shareholders to management, employees, and customers. Palemahan is the bank's commitment to supporting sustainable and environmentally friendly economic development. This study aims to explore the harmonization of bank ownership through the cultural principles of Tri Hita Karana. The method in this article is a descriptive qualitative approach with a literature review that explores local wisdom theory specifically. Implementing Tri Hita Karana principles can create a more harmonious, transparent, and sustainable bank ownership structure. This can be achieved through strong governance policies, balanced ownership distribution, and commitment to social and environmental responsibility. Harmonizing the bank ownership structure through Tri Hita Karana can improve bank performance, strengthen public trust, and comprehensively contribute to the financial system's stability. Through the Tri Hita Karana Concept, the Bank Ownership Structure is a financial matter and a vehicle to realize harmonization between religious values and spirituality, common welfare, and environmental sustainability. The harmony model of the Tri Hita Karana-based bank ownership structure illustrates that by integrating Tri Hita Karana, Corporate Social Responsibility, and Triple Bottom Line, organizations can balance spiritual, social, environmental, and economic aspects and ensure long-term sustainability. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/469 10.33005/jasf.v6i2.469 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 259-279 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/469/73 Copyright (c) 2023 Nengah Sukendri, Ali Muktiyanto, Ira Geraldina , Julia Safitri https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/471 2025-11-28T16:17:42Z jasf:ART

Redefining Indonesia's MSMEs Landscape: Unleashing Digital Virality for Sustainable Growth Dyatmika, Sutama Wisnu Suyanto, Bagong Setijaningrum, Erna Setioningtyas, Widhayani Puri Digital Marketing Viral Content MSMEs Indonesia This study investigates the effectiveness of digital marketing strategies, particularly viral content, in enhancing the visibility and sustainability of micro, small, and medium enterprises (MSMEs) in Indonesia. By redefining the traditional MSME landscape, this research highlights the shift from conventional marketing approaches to digital virality strategies, reshaping how MSMEs engage with consumers and build sustainable brand identities. Adopting a descriptive qualitative approach, data was collected through a literature review and interviews with MSME stakeholders to analyze the digital marketing strategies used and their impacts. The findings reveal that viral content significantly boosts MSMEs' visibility by capturing consumer attention, fostering online engagement, and strengthening brand image. This study offers valuable insights for MSME owners and local governments and supports institutions in implementing effective digital strategies. Practical recommendations include developing skills in content creation, collaborating with local influencers, and utilizing social media platforms to maximize outreach. These findings underscore the potential of digital virality as a sustainable marketing tool while also recognizing limitations such as resource constraints. Future research may further explore adaptive strategies suited to different MSME sectors. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/471 10.33005/jasf.v6i2.471 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 280-299 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/471/74 Copyright (c) 2023 Sutama Wisnu Dyatmika, Bagong Suyanto, Erna Setijaningrum, Widhayani Puri Setioningtyas https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/475 2026-05-18T02:42:28Z jasf:ART

Green Accounting and Organization Performance: Science Mapping of Present and Future Trends Nofita, Resti Siskawati, Eka Andriani, Wiwik Ansar, Muhammad Bibliometric analysis environmental performance green accounting sustainability development Green accounting's main objective is to influence corporate behavior toward social and environmental concerns and address social issues affecting global sustainable development. Establishing green accounting practices in businesses is crucial for community concern and environmental sustainability. This research aims to explore the knowledge structure of green accounting and its impact on organizational performance. Environmental accounting is an important tool in improving the quality of environmental reporting. This study conducted a literature analysis, and the research methodology employed bibliometric analysis. VosViewer, with co-word analysis and bibliographic coupling, is specialized software used to visualize trends in research topics, authorship, and institutional affiliation. Scopus database is chosen due to its extensive coverage and indexing of important journals for articles published between 2005 and 2022. This search yielded 233 documents. This study implies that adopting green accounting has several important elements, namely integrated and transparent sustainability reports that help stakeholders make better decisions. Green accounting increases the accountability and transparency of sustainability reports, as it is supported by structured and measurable information. The board of directors’ support and good corporate governance influence the success of the sustainability report. The company's sustainability performance is assessed using complex methods and involves quantitative and qualitative indicators. This article is the first to present a scientific mapping of green accounting literature, the basis for a study on corporate sustainability performance. The results of this study give scholars, researchers, and practitioners important information about advancements in accounting science, particularly in the area of green accounting. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/475 10.33005/jasf.v7i1.475 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 62-81 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/475/81 Copyright (c) 2024 Resti Nofita, Eka Siskawati, Wiwik Andriani, Muhammad Ansar https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/476 2026-05-18T02:42:28Z jasf:ART

Household Financial Planning in Achieving a Balanced Budget Masrunik, Endah Suprianto, Suprianto Indariyanti, Henni Wahyudi, Arif Financial planning household balanced budget housewife family finance Financial planning is like a map that determines the direction of family finances. The unmet needs of a family are often not due to a small income but due to expenses that are often uncontrollable. This research aims to find out the application of household financial planning to achieve the principle of a balanced budget. This research uses a qualitative method with a case study approach. The data collection was done by observation, direct interview, and documentation. The location of this research is the informant's residence within the scope of Sananwetan Subdistrict, Blitar City. The results of this study show that housewives plan their finances every month. The planning done is based on the previous month's records. The decision-making practices carried out by housewives to determine financial allocations are not necessarily decided by themselves, but they involve their husbands and other family members to deliberate to produce the best solution. To achieve budget balance, awareness is needed to prioritize primary needs and pay attention to lifestyle. These results implied that families can pay more attention to health insurance and investment aspects so that expenses become equivalent to income or a balanced budget. Therefore, this research not only enriches literature related to household financial management but also opens up new insights for financial practitioners and family consultants in developing more comprehensive financial literacy programs so that they can sustainably improve household financial welfare. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/476 10.33005/jasf.v7i1.476 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 82-95 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/476/82 Copyright (c) 2024 Endah Masrunik, Suprianto Suprianto, Henni Indariyanti, Arif Wahyudi https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/477 2025-11-28T16:17:42Z jasf:ART

Antecedents of Audit Report Lag with Audit Quality as a Moderator Herawaty, Vinola Nugraha, Maulindieta Alvia Audit report lag audit tenure audit quality financial distress gender CEO key audit matters operational complexity This study aims to test and determine the effect of key audit matters, audit tenure, financial distress, operational complexity, and gender chief executive officer (CEO) on audit report lag with audit quality as a moderator. This study uses secondary data collected from the Indonesia Stock Exchange (IDX), the Ministry of Finance Information and Documentation Management Officer (PPID Kemenkeu), and the official website of each company. This quantitative research uses multiple linear regression analysis with the research population: consumer non-cyclical companies with food and beverages and pharmaceutical subsectors in 2019-2022 that publish annual and audited financial reports. The research population was 35 companies, and it was found that 31 companies met the research criteria in a 4-year period, with a total of 124 research samples and 12 data affected by outliers. Therefore, the total research sample is 112 companies. The results of hypothesis testing in this study indicate that financial distress and company operational complexity significantly positively affect audit report lag. While key audit matters, audit tenure, gender CEO, and audit quality do not affect audit report lag. Also, it has been proven that audit quality could weaken the relationship between financial distress and audit report lag. However, audit quality cannot moderate between key audit matters, audit tenure, operational complexity, and chief executive officer gender with audit report lag. This study implies that investors may take into consideration audit report lag before deciding to invest in a company. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/477 10.33005/jasf.v6i2.477 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 320-342 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/477/76 Copyright (c) 2023 Vinola Herawaty, Maulindieta Alvia Nugraha https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/481 2025-11-28T16:17:42Z jasf:ART

Revealing the Investment Interests of Part-Time Working Students: Implications for Financial Literacy and Behavior Koesoemasari, Dian Safitri Pantja Surveyandini, Mayla Putri, Juvita Ananda Janah, Anisa Aulia Investment interest financial literacy financial behavior income part-time students step-wise Jamovi regression This study aims to explore the factors affecting the investment interest of part-time students at the Faculty of Economics and Business, Wijayakusuma University, Purwokerto. A total of 177 respondents were selected using the snowball sampling technique, and the data were analyzed through multiple linear regression with the step-wise method, utilizing Jamovi software. The findings indicate that both financial literacy and financial behavior have a significant positive impact on investment interest, with a significance level of 1%. In contrast, the income variable does not show a significant effect on investment interest. Three regression models were evaluated, all of which demonstrated a strong goodness of fit. The model with the best explanatory power reveals that students' investment interest is primarily influenced by their financial literacy and behavior, rather than their income. These results highlight the need for enhancing financial literacy and behavior through formal education and training programs, in order to boost investment interest among students. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/481 10.33005/jasf.v6i2.481 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 364-382 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/481/85 Copyright (c) 2023 Dian Safitri Pantja Koesoemasari, Mayla Surveyandini, Juvita Ananda Putri, Anisa Aulia Janah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/485 2026-05-18T02:41:54Z jasf:ART

Constructing Optimal Portfolios Using the Single Index Model and Markowitz Model: A Study on Cryptocurrencies Nurhakim, Eko Sanjaya Soma, Abdul Mukti Yunita, Irni Cryptocurrency Optimal Portfolio Single Index Model Markowitz Model Risk Management This study analyzes the formation of optimal portfolios on cryptocurrency assets using the single index model and the Harry Markowitz model. This study covers 79 cryptocurrencies with the largest market capitalization during the period June 2023–June 2024. We calculate the optimal portfolio using the single index model and Markowitz, and evaluate its performance using the Sharpe Ratio. The results show that the Harry Markowitz model produces better portfolio performance compared to the single index model. The Markowitz portfolio produces a positive Sharpe ratio (1.8496), a portfolio return rate of 7.678%, and lower risk (0.0415). Conversely, the single index model portfolio shows a negative Sharpe ratio (-2.0971), indicating lower returns than risk-free assets. In addition, the Markowitz model offers more efficient diversification than the single index model. However, in general, both the Single Index Model and the Markowitz Model have a significant effect on the formation of optimal portfolios, with the Sharpe Index proving to be a significant mediator in the relationship between the two models and the optimal portfolio. The R-squared value shows that the SIM variables, Markowitz Model, and Sharpe Index explain 48.4% of the variation in the optimal portfolio. This study recommends the use of the Harry Markowitz model for cryptocurrency investment because it can provide higher returns with more controlled risks. This study provides important insights for investors on the strategy of diversifying cryptocurrency asset portfolios. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/485 10.33005/jasf.v7i2.485 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 200-218 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/485/91 Copyright (c) 2024 Eko Sanjaya Nurhakim, Abdul Mukti Soma, Irni Yunita https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/486 2026-05-18T02:41:54Z jasf:ART

Factors Influencing Fintech Adoption Among MSME’s in Bandung West Java Indonesia Jimmy Julio Ratu Edo Abdul Mukti Soma Palti Marulitua Sitorus Financial Technology Fintech Adoption Financial Literacy Trust MSMEs The purpose of this study was to identify and quantify the factors impacting the adoption of fintech by micro, small, and medium-sized enterprises (MSMEs) in Bandung. The factors are perceived ease of use, perceived utility, financial literacy, user innovation, government assistance, and trust. Based on the data gathered, this study comprised 356 participants who are either performers or owners of Micro, Small, and Medium Enterprises (MSMEs) in Bandung. The correlation between variables is investigated in this study utilising the Partial Least Squares (PLS) data analysis approaches and SmartPLS v 3.2.9 software. The results of the study show that perceived simplicity of use, perceived usefulness, user innovativeness, and trust all have a major impact on Fintech acceptance. In contrast, financial literacy and government backing have no substantial impact on fintech uptake. This study emphasizes the importance of fintech service providers to prioritize ease of service and build trust..Then the government ought to accelerate the development of information and communication technology (ICT) infrastructure, such as expanding mobile broadband coverage and promoting Fintech companies through advantageous laws. Incorporating financial literacy into the school curriculum may help to reduce information asymmetry and improve financial accessibility, hence promoting the growth of MSMEs. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/486 10.33005/jasf.v7i2.486 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 283-299 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/486/97 Copyright (c) 2024 Jimmy Julio Ratu Edo, Abdul Mukti Soma, Palti Marulitua Sitorus https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/487 2026-05-18T02:41:27Z jasf:ART

Defining and Classifying Corporate Social Costs: An Initiative to Enrich the Thought of Accounting for CSR Saleh, Younis A. Battal Accountants' Point of View Codified and Uncodified Desires CSR Disclosure-Society-Business Economists' Point of View Social Costs Purpose: This desk research aims to provide a clear and precise definition of the term "corporate social costs (CSCs)" from the perspective of accountants and to determine a set of standards by which CSCs may be separately identified from corporate economic cost (CECs).  Method: Rational thinking and logical reasoning are frequently used in theoretical studies that seek to advance and strengthen the theoretical framework of any major in the social sciences, including accounting and economics.  Therefore, in order to accurately define and classify direct and indirect CSCs, the research adopts two different approaches: To define and classify indirect CSCs, the research adopted the "External Damage Approach Resulting from the Economic Activities of Companies." To define and classify direct CSCs, the research adopted the "Supporting Social Responsibilities Approach. "The characteristics of direct CSCs can be inferred by studying the nature of the obligation to incur these costs, the role they play, the impact they have, the justifications that justify them, the benefits they achieve, and the beneficiaries. Through the characteristics of direct CSCs, the criteria for distinguishing between CSCs and CECs can be determined. Findings: This research is not merely about finding a new, more specific definition related to CSC and CEC, but has been able to establish a set of criteria to distinguish between CSC and CEC. Novelty/Value: Because there aren't many publications in this area, this research is regarded as a contribution to the field of CSR accounting theory.  The results of this research will improve businesses' capacity to truthfully report on their social performance.  In terms of education, this research will clear up any confusion students might have on what CSCs mean. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2025-06-26 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/487 10.33005/jasf.v8i1.487 JASF: Journal of Accounting and Strategic Finance; Vol. 8 No. 1 (2025): JASF (Journal of Accounting and Strategic Finance) - June 2025; 23-49 2614-6649 10.33005/jasf.v8i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/487/105 Copyright (c) 2025 Younis A. Battal Saleh https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/490 2026-05-18T02:41:54Z jasf:ART

The Impact of Corporate Governance Mechanisms on the Audit Fees of Islamic Banks: Evidence from Malaysia Vendy, Vicky Ahmad, Maslina Annuar, Hairul Azlan Audit Fees Corporate Governance (CG) Islamic Banks (IB) Audit Committee (AC) Directors This study examines the influence of corporate governance (CG) structures on audit processes, specifically regarding audit fee pricing within Malaysian Islamic banking (IB) institutions. This research employs panel data from 16 Islamic banks in Malaysia covering the period from 2011 to 2017. Fixed effects specifications are used to estimate the model of regression. The results show a significant negative relationship between audit fees and the independence of audit committees (AC) and the expertise of Shariah committees (SC). The majority of CG variables, however, do not exhibit any substantial relationships with audit fees. The results suggest that a lower-intensity audit is demanded by the agents of internal governance in a highly-regulated industry, possibly due to regulatory supervision and the monitoring of audits overlap. This is the first study on audit fees using IB as the study sample which incorporate and examine SC as one of the unique CG mechanisms that have not been explored in audit fee literature. This paper provides support for the recommendations of the MCCG 2017 and 2021, which involved the step-up practice in relation to the need to establish AC composed only of independent directors. By improving the monitoring function and perhaps lowering the control risk, this AC composition will help organizations receive lower audit fees from their external auditors. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/490 10.33005/jasf.v7i2.490 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 266-282 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/490/96 Copyright (c) 2024 Vicky Vendy, Maslina Ahmad, Hairul Azlan Annuar https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/493 2026-05-18T02:41:54Z jasf:ART

Revealing Corporate Value: The Role of Investment Decisions, Debt Policy, and Ownership Structure Brahmayanti, Ida Ayu Sri Company Value Investment Decisions Debt Policy Ownership Structure Intellectual Capital Efficiency Institusional Investors This study examines how investment decisions, debt strategies, and ownership structures influence corporate value, specifically targeting manufacturing companies listed on the Indonesia Stock Exchange from 2019 to 2021. Using a quantitative approach and Partial Least Squares (PLS), the research integrates these critical factors into a comprehensive framework. The findings indicate that asset growth significantly impacts corporate value, highlighting the importance of effective investment strategies, while debt expansion positively influences firm value. However, managerial ownership does not exhibit a strong direct relationship with asset growth, equity expansion, or debt policies. Furthermore, this study highlights the significant role of institutional investors in strengthening corporate governance and reducing agency conflicts. Drawing on recent findings, it underscores the importance of intellectual capital and cash reserves in boosting financial performance and market valuation. The effective management of intellectual capital components—namely human, structural, and relational capital—serves as a bridge between financial performance and market valuation, while strategic cash reserves reflect financial stability and potential for growth. By synthesizing investment, financing, and ownership decisions, this study offers a novel perspective and practical implications for firms navigating post-pandemic economic recovery, emphasizing the synergy of financial strategies in optimizing corporate value and enhancing shareholder wealth. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/493 10.33005/jasf.v7i2.493 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 235-251 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/493/94 Copyright (c) 2024 Ida Ayu Sri Brahmayanti https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/495 2025-11-28T16:17:42Z jasf:ART

Government Strategy in Addressing the Impact of Economic Growth and Energy Consumption on Environmental Degradation Setiawati, Ririt Iriani Sri Imamah, Fauziyah economic growth energy consumption environmental degradation government strategy The report discusses the serious environmental issues Indonesia's growing economy and rising energy use have brought about. In addition to examining government initiatives to lessen these impacts through sustainable development regulations, the goals include evaluating the connection between economic indicators and environmental results. The research employs a mixed-approaches strategy, combining quantitative and qualitative methods. The quantitative analysis, which employs time series data from 1991 to 2020, focuses on carbon dioxide emissions per capita as the dependent variable and GDP and energy consumption per capita as independent variables. Multiple linear regression using Ordinary Least Squares (OLS) evaluates these correlations. A thorough grasp of the relationship between economic growth, energy consumption, and environmental deterioration is provided by qualitative analysis, which entails a review of the literature to investigate government initiatives addressing environmental concerns. The study results show a substantial positive correlation between Indonesia's carbon dioxide (CO₂) emissions, energy consumption, and economic development. The analysis indicates that the ongoing economic activities driven by fossil fuel consumption will exacerbate environmental degradation without significant intervention, necessitating effective government policies for sustainable development and emission reduction. The study concludes that economic growth and energy consumption significantly contribute to Indonesia's environmental degradation, particularly through increased carbon dioxide (CO₂) emissions. It recommends that the government strengthen policies promoting sustainable energy use, increase investment in renewable energy technologies, and implement stricter regulations on industrial emissions. Additionally, fostering public awareness and education on environmental sustainability is crucial for effective long-term solutions. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/495 10.33005/jasf.v6i2.495 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 343-363 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/495/83 Copyright (c) 2023 Ririt Iriani Sri Setiawati, Fauziyah Imamah https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/498 2026-05-18T02:42:28Z jasf:ART

Sustaining Government Internal Auditor Performance: A Mixed Method Study Hwee, Teng Sauh Nasution, Siti Aisyah Competence government internal auditor performance independence motivation time budget pressure Both public and private organizations in the modern era greatly value the services of auditors since the outcomes of their decisions can reveal an organizations transparency. To ensure no errors are made when evaluating an organization, an auditor needs to be competent and independent in attitude. This study aims to analyze and examine the factors that influence time budget pressure, independence, and competence on internal auditor performance in BPKP North Sumatera. Research is being conducted using an applied mixed-methods approach. All BPKP North Sumatera auditors are included in the research population for both the qualitative and quantitative sections. Purposive sampling was used to select six audit managers and staff for the qualitative section research sample and to select fifty-five people for the quantitative section study sample. The data was analyzed with Partial Least Squares-Structural Equation Modeling (PLS-SEM). The results of this study indicate that time budget pressure, independence and competence have significant effects on the internal auditor performances. Meanwhile, motivation had no effect on the performance of the internal auditor in BPKP North Sumatra. Motivation is proven to be able to mediate the effect of independence on auditor performance. Motivation is unable to mediate the effect of time budget pressure and competence on the internal auditor performances in BPKP North Sumatera. The study findings suggest that internal auditors should be considered when evaluating government sector audits and that they should be provided with information to help government internal auditors maintain and enhance audit quality. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/498 10.33005/jasf.v7i1.498 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 133-157 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/498/87 Copyright (c) 2024 Teng Sauh Hwee, Siti Aisyah Nasution https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/505 2026-05-18T02:42:28Z jasf:ART

Drivers, Barriers and Key Success of Digital Transformation on SMEs: A Systematic Literature Review Krismajayanti, Ni Putu Ari Darma, Gede Sri Mahyuni, Luh Putu Martini, Ida Ayu Oka Digital Transformation SMEs Driving Factors Barriers Key Success Digital transformation represents a critical initial step for Small and Medium Enterprises (SMEs) in adapting to digitalization. This process involves technological innovations, efficient economic operations, and strategic initiatives to support SMEs. The SME sector holds significant importance as a cornerstone of national economic development. This study employs a systematic literature review to synthesize insights into the driving factors, barriers, and success strategies for SMEs undertaking digital transformation. The driving factors are categorized into individual, technological, environmental, and organizational contexts. Conversely, the barriers include challenges faced by individual business actors, as well as technical, environmental, organizational, and cultural constraints. The success of SMEs in this transformation depends on both internal and external factors. Internally, success is fostered through adequate knowledge and education on digitalization, the development of innovative business models, digital capabilities, organizational functions, culture, and effective human resource management. Externally, success depends on adapting to environmental shifts, building partnerships, and utilizing government regulatory support, which serves as a key driver of digital transformation for SMEs. These results imply that policymakers, SME practitioners, and SME stakeholders have to collaborate in overcoming challenges and seizing opportunities for SME digital transformation.  Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/505 10.33005/jasf.v7i1.505 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 158-180 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/505/88 Copyright (c) 2024 Ni Putu Ari Krismajayanti, Gede Sri Darma, Luh Putu Mahyuni, Ida Ayu Oka Martini https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/507 2025-11-28T16:17:42Z jasf:ART

Income Smoothing, Displaced Commercial Risk and Bankruptcy in Indonesian Islamic Banks During the COVID-19 Pandemic Laela, Sugiyarti Fatma Latif, Abdul Bankruptcy Risk COVID-19 Pandemic Displaced Commercial Risk Income Smoothing Indonesia Islamic Banking Z-Score This research seeks to examine how the COVID-19 pandemic has influenced shifts in income smoothing practices within Islamic banks in Indonesia. It also investigates the effect of income smoothing on displaced commercial risk (DCR) and the influence of DCR on the potential for bankruptcy in Islamic banks. Using a quantitative approach, the study employs a mean difference test and panel data regression through path analysis in relation to 13 Islamic banks over two 21-month periods before the pandemic (July 2017 to March 2019) and during the pandemic (April 2019 to December 2020). The findings reveal significant differences in income smoothing behavior between the pre-pandemic and pandemic periods, with income smoothing negatively affecting DCR. Furthermore, a lower DCR leads to a lower bankruptcy risk, as measured by the z-score. These results highlight the interconnectedness of income smoothing, commercial risk management, and financial stability in Islamic banks during periods of economic uncertainty. The study concludes that Islamic banks need to enhance risk management strategies to mitigate the effects of external economic shocks. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2023-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/507 10.33005/jasf.v6i2.507 JASF: Journal of Accounting and Strategic Finance; Vol. 6 No. 2 (2023): JASF (Journal of Accounting and Strategic Finance) - December 2023; 383-403 2614-6649 10.33005/jasf.v6i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/507/90 Copyright (c) 2023 Sugiyarti Fatma Laela, Abdul Latif https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/511 2026-05-18T02:42:28Z jasf:ART

Critical Review of XBRL Financial Reporting: Perspective Pancasila as One of Indonesia’s National Defense Values Budiwitjaksono, Gideon Setyo Munari, Munari Suryaningrum, Diah Hari Indonesia national defense value integrity Pancasila XBRL Financial Reporting Implementing XBRL (eXtensible Business Reporting Language) reporting, which has been mandatory since 2015, has been a significant development in Indonesia. However, as a concept adopted from developed countries, XBRL may not fully align with Indonesia's national defense values of Pancasila. This research critically reviews the implementation of XBRL financial reporting, emphasizing its alignment with Pancasila as one of the Indonesian national defense values. This study focuses on the implementation, challenges, and impact of XBRL financial reporting. To further understand the relationship between Pancasila and XBRL, this study uses case studies on three government banks, the pioneers in implementing XBRL financial reporting. The critical analysis, particularly from the perspective of Pancasila values, demonstrates that XBRL can enhance the integrity, standardization, transparency, comparability, and public trust in companies, thereby positively impacting long-term performance. These findings not only provide a crucial basis for further research but also offer practical implications for companies to immediately implement XBRL, aligning with the Pancasila as the noble values of the Indonesian nation. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/511 10.33005/jasf.v7i1.511 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 1 (2024): JASF (Journal of Accounting and Strategic Finance) - June 2024; 181-199 2614-6649 10.33005/jasf.v7i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/511/89 Copyright (c) 2024 Gideon Setyo Budiwitjaksono, Munari Munari, Diah Hari Suryaningrum https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/513 2026-05-18T02:41:54Z jasf:ART

An Evaluation of Risk Management's Impact on University X's Performance Hamzah, Vitra Puspita Dewi Fatima, Eliza Risk Management University Quality Education Services Risk management has become an important element in efforts to improve university quality, especially in the era of globalization filled with challenges and uncertainties. This study aims to analyze the implementation of risk management at University X as a means to enhance the university's quality. This research focuses on the implementation of risk management at the Lembaga Penelitian dan Pengabdian Masyarakat (LPPM), which implements the tri dharma of university in the form of research development and community service, and conducts an analysis using ISO 31000:2018. This research employs a qualitative descriptive method and a case study approach, collecting primary and secondary data through interviews, SOP documentation, and risk management guideline documentation. The research results show that the LPPM of University X has implemented the risk management process using ISO 9001:2015. The implementation of risk management by LPPM can be considered adequate; however, there are challenges such as the establishment of risk criteria, comprehensive risk identification, and the lack of integration of risk management into the strategic decision-making process. This research suggests the implementation of risk management at the university level to ensure the integration of risk management and the enhancement of risk management understanding within the university environment. This finding will help university education service, not limited to University X, to enhance their quality based on risk management. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/513 10.33005/jasf.v7i2.513 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 252-265 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/513/95 Copyright (c) 2024 Vitra Puspita Dewi Hamzah, Eliza Fatima https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/514 2026-05-18T02:41:54Z jasf:ART

Sustainability Performance and Companies Financing: Does Audit Quality Matter? Rafiuddin, Muhammad Putri, Fitri Anisa Nusa Chen, Yuan Haryono, Slamet Corporate Social Responsibility audit quality cost of debt cost of equity Public listed companies are increasingly recognizing the importance of corporate social responsibility in their sustainability initiatives. Supporting the stakeholder theory, a commitment for social responsibility activities that reflected by CSR performance as a strategy of firms has created a positive image from stakeholder perceptions. This study examines how corporate social responsibility performance affects companies financing and the role of audit quality. To test the study’s hypotheses, the authors applied linier regressions model on panel data by observing samples of Indonesian Islamic listed companies from 2018 to 2022. The results show that a better CSR performance is associated with lower cost of debt and cost of equity. Moreover, this study also reflect upon the importance of audit quality that proxied by the BIG 4 auditors is found significantly moderates in both cost of debt and cost of equity. Thus, a better corporate social performance with the existence of BIG 4 auditor implies the ability of firms accessing to lower-cost capital by minimized the long term risks. The existence of BIG 4 auditors demonstrated the credibility effective monitoring as a good signals for capital provider or lenders. Our study represents a novelty to enrich the relevant literature on the corporate social responsibility by expanding it towards the role of audit quality on both cost of capital proxies. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/514 10.33005/jasf.v7i2.514 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 352-361 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/514/102 Copyright (c) 2024 Muhammad Rafiuddin, Fitri Anisa Nusa Putri, Yuan Chen, Slamet Haryono https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/519 2026-05-18T02:40:45Z jasf:ART

The Role of Overconfidence on Online Overdebt Behavior Rafinda, Ascaryan Purwaningtyas, Putri Wijaya, Juli Riyanto Tri Aljafa, Hasan Barika, Christian Rotimi Hartikasari, Annisa Ilma Overconfidence overdebt behavior bias online Purpose: The study aimed to examine the relationship between overconfidence bias and online overdebt behavior across four countries: Indonesia, Hungary, Poland, and Romania. Method: A total of 900 participants were surveyed, with 210–230 participants from each country, ensuring a diverse and heterogeneous sample in terms of age, gender, education level, and income. Data is processed using AMOS 24 software. Findings: The results from the SEM analysis supported all four hypotheses. Overconfidence bias is positively associated with online overdebt behavior, financial literacy moderates the relationship between overconfidence bias and online overdebt behavior, the ease of access to credit via online platforms amplifies the effect of overconfidence on online overdebt behavior, and overconfidence bias is associated with an underestimation of future financial risk in online borrowing. Implications: The significant role of digital credit access suggests that regulators must implement stricter controls on the 'ease-of-borrowing' features in fintech apps to prevent structural factors from amplifying cognitive biases in risky financial decision-making. Novelty/Value: The study’s novelty lies in its cross-continental analysis—spanning Indonesia, Hungary, Poland, and Romania—providing a rare look at relationships online debt behavior. Recent studies have shown that overconfidence can influence consumer decisions in debt markets, such as credit card usage and loans, potentially leading to dangerous overleveraging behaviors. The gap research is the limited study examining the specific mechanisms through which overconfidence influences online overdebt behavior. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2025-12-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/519 10.33005/jasf.v8i2.519 JASF: Journal of Accounting and Strategic Finance; Vol. 8 No. 2 (2025): JASF (Journal of Accounting and Strategic Finance) - December 2025; 408-425 2614-6649 10.33005/jasf.v8i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/519/125 Copyright (c) 2025 Ascaryan Rafinda, Putri Purwaningtyas, Juli Riyanto Tri Wijaya, Hasan Aljafa, Christian Rotimi Barika, Annisa Ilma Hartikasari https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/529 2026-05-18T02:41:54Z jasf:ART

Innovations in Strategic Finance and Accounting: Insights from Research Centers in a VUCA Environment Wijaya, Raden Muhammad Syah Arief Atmaja Yuhertiana, Indrawati Sucahyati, Diarany Izaak, Wilma Cordelia Susilowati, Endah Suryaningrum, Diah Hari Ignathia Martha Hendrati Sukiswo, Helmy Wahyu Widodo, Condro Wati, Seftin Fitri Ana Fitri, Anindo Saka research centers accounting strategic finance VUCA This paper examines the function of research centers in promoting strategic innovations in finance and accounting under the VUCA (Volatility, Uncertainty, Complexity, and Ambiguity) paradigm. This work employs a qualitative approach, incorporating benchmarking of research centers and literature evaluation, to identify approaches that improve financial resilience and adaptation. There are three research that develop financial resilience fields from Indonesia, Canada, and the United States that were analyzed. The data was obtained from field benchmarking and website observation. Comparative analysis is used to get a deep understanding of how research centers facilitate the advancement of innovative financial and accounting strategies to tackle challenges in VUCA environments. The results underscore the importance of collaboration, technological integration, and actionable frameworks, providing recommendations for academia, governments, and communities to connect research-driven innovation with practical application. This research highlights the unique role of research centers in addressing VUCA challenges by integrating technology-driven frameworks, data-centric tools, and community-based approaches, offering a comprehensive perspective on bridging theory and practice to enhance financial resilience and adaptability. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-31 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/529 10.33005/jasf.v7i2.529 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 333-351 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/529/103 Copyright (c) 2024 Raden Muhammad Syah Arief Atmaja Wijaya, Indrawati Yuhertiana, Diarany Sucahyati, Wilma Cordelia Izaak, Endah Susilowati, Diah Hari Suryaningrum, Ignathia Martha Hendrati, Helmy Wahyu Sukiswo, Condro Widodo, Seftin Fitri Ana Wati, Anindo Saka Fitri https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/532 2026-05-18T02:41:54Z jasf:ART

Herding Dynamics, Volatility, and Market Capitalization: Implications for Stock Returns in Indonesia Pranata, Rengga Madya Waspada, Ikaputera Nugraha, Nugraha Purnomo, Budi S Stock return Volatility Market Capitalization This research examines the connections between herd mentality, price fluctuations, and company size in relation to stock performance for firms listed on the IDX from January 2019 through December 2023. The LSV approach is employed to quantify herding behavior, while historical data is used to calculate volatility. The study investigates how market capitalization and volatility influence the link between herd mentality and stock returns. Weekly stock prices, company valuations, trading volumes, and sales proportions from TradingView comprise the dataset. Findings indicate that market capitalization significantly enhances the relationship between herd behavior and stock returns, particularly for large-cap enterprises. Conversely, volatility weakens this relationship, with herd behavior's impact on stock returns diminishing in turbulent market conditions. These results highlight the significance of company size and market volatility in comprehending group investor conduct and its effects on stock market outcomes. The study's implications include the creation of more flexible investment tactics and market regulations that promote stability across various market scenarios. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-23 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/532 10.33005/jasf.v7i2.532 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 300-314 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/532/98 Copyright (c) 2024 Rengga Madya Pranata, Ikaputera Waspada, Nugraha Nugraha, Budi S Purnomo https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/533 2026-05-18T02:41:54Z jasf:ART

Interpreting the Motivation of Implementing Risk Management from Aristotle's Perspective Widyastuti, Aviani Iswati, Sri Risk Management Virtue Aristotle Sustainability This study aims to describe the implementation of Risk Management (RM) in business organizations represented by one of Indonesia's Fintech and Manufacturing sector companies from the perspective of Aristotle's Virtue theory. The two informants are used to get different perspectives on the regulations governing the implementation of RM. Through a semi-structured interview, we can illustrate that the two companies have implemented RM with various constraints and challenges, including each organization's characteristics and default risks. However, the implementation of RM is not only driven by the motivation of financial success but also ensures the sustainability of the company by considering all stakeholders' interests. This is in line with the principle of Virtue in Aristotle, which states that an organization's decision needs to consider Teleology, Habituation, noble pressure, Phronesis, social Virtue, and moral and intellectual superiority. Aristotle's principle of Virtue can be used as a basic framework for building an RM system in a business organization. Integrating the principle of Virtue into the RM system can create an organizational risk culture based on Virtue. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2024-12-27 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/533 10.33005/jasf.v7i2.533 JASF: Journal of Accounting and Strategic Finance; Vol. 7 No. 2 (2024): JASF (Journal of Accounting and Strategic Finance) - December 2024; 315 - 332 2614-6649 10.33005/jasf.v7i2 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/533/100 Copyright (c) 2024 Aviani Widyastuti, Sri Iswati https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/539 2026-05-18T02:41:27Z jasf:ART

Financial Literacy, Religiosity, and MSME Compliance with Sharia Financing: Does Mental Accounting Matter? Sumidartiny, Ai Netty Laela, Sugiyarti Fatma Islamic Financial Literacy Mental Accounting MSMEs Religiosity Sharia Financing Islamic Finance Purpose: This study examines the effect of Sharia financial literacy and religiosity on micro, small, and medium enterprises’ (MSMEs) compliance with Sharia financing contracts. In particular, it explores the mediating role of mental accounting in shaping contract adherence. Method: The research employed a quantitative survey design with 100 MSMEs under Perumda Pasar Jaya Jakarta that had participated in Sharia financing for at least one year. Data were collected through structured questionnaires and complemented with qualitative interviews. Structural Equation Modeling– Partial Least Squares (SEM-PLS) was applied to test direct and mediating effects. Findings: The results demonstrate that both Sharia financial literacy and religiosity exert positive and significant effects on MSMEs’ compliance with Sharia financing contracts. However, the mediation analysis reveals that mental accounting does not significantly mediate these relationships, suggesting that while entrepreneurs understand and value Sharia principles, limited financial buffers and urgent liquidity needs prevent them from consistently applying structured accounting practices. Qualitative evidence confirms that many MSMEs mix business and personal funds, rely on fluctuating cash flow, and occasionally delay repayment despite strong religious motivation. Novelty/Value: Unlike in conventional finance, where mental accounting is often framed as a cognitive bias, in Islamic finance, it can function as a constructive form of self-control. By separating accounts for obligatory payments, including zakah and debt repayment, MSMEs with relatively high religiosity treat financial discipline as part of their religious duty. At the same time, Islamic financing practices grounded in ukhuwah and maslahah provide flexibility when liquidity constraints occur, making mental accounting a unique and contextually embedded mechanism for SMEs. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2025-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/539 10.33005/jasf.v8i1.539 JASF: Journal of Accounting and Strategic Finance; Vol. 8 No. 1 (2025): JASF (Journal of Accounting and Strategic Finance) - June 2025; 152-174 2614-6649 10.33005/jasf.v8i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/539/112 Copyright (c) 2025 Ai Netty Sumidartiny, Sugiyarti Fatma Laela https://creativecommons.org/licenses/by/4.0

oai:ojs2.jasf.upnjatim.ac.id:article/548 2026-05-18T02:41:27Z jasf:ART

The Revolution of Online Business Financial Performance : Before, During and After Pandemic Siti Khodijah, Amalia Pekerti, Retno Dyah Financial Performance MSMEs Online Business Pandemic This study aims to investigate the financial performance of online businesses during the periods before, during, and after COVID-19. A qualitative descriptive analysis was conducted through in-depth interviews with online business practitioners in five cities/regencies in Indonesia. Data analysis was performed using selective coding patterns. The findings indicate that the financial performance of online business organizations experienced a significant improvement during COVID-19. This improvement was supported by several factors, including changes in consumer behavior, operational activities that were acknowledged to be more efficient, the quality of human resources within the organization, and organizational commitment to IT development. Online businesses must adapt quickly to environmental changes and the rapid advancement of IT. Business closures during COVID-19 were found to negatively impact financial performance. This study provides valuable insights into the financial conditions of online businesses during COVID-19, which contrast sharply with those of other business organizations, particularly during the pandemic. The findings offer lessons for business practitioners on managing operational activities affected by the pandemic and formulating anticipatory measures should similar events occur in the future. Policymakers can also consider implementing policies that enable business organizations to maintain their operations even during crises. Accounting Department, Faculty of Economics and Business, Universitas Pembangunan Nasional Veteran Jawa Timur 2025-06-30 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Peer-reviewed Article application/pdf https://jasf.upnjatim.ac.id/index.php/jasf/article/view/548 10.33005/jasf.v8i1.548 JASF: Journal of Accounting and Strategic Finance; Vol. 8 No. 1 (2025): JASF (Journal of Accounting and Strategic Finance) - June 2025; 195-208 2614-6649 10.33005/jasf.v8i1 eng https://jasf.upnjatim.ac.id/index.php/jasf/article/view/548/114 Copyright (c) 2025 Amalia Siti Khodijah, Retno Dyah Pekerti https://creativecommons.org/licenses/by/4.0 8a86c302fc19c18c4abfa237c257da80