Jurnal Reviu Akuntansi dan Keuangan

Does Financial Technology Lending and Financial Literacy Affect Crime? Evidence From Indonesia

Mon, 21 Oct 2024 00:00:00 +0700

Purpose: This research aims to investigate the relationship between FinTech Lending and Financial Literacy on Crime (fraud, embezzlement, and corruption). This research provides knowledge about the impact of FinTech Lending which can increase crime and financial literacy which can reduce crime.

Methodology/approach: This study employs panel data consisting of 34 provinces in Indonesia with observations in 2019 and 2022 due to data availability. The secondary data used was collected from official Indonesian government institutions (OJK and BPS). To achieve the purpose, a quantitative approach and panel data regression analysis methods are applied. Panel data provides more variability, less collinearity among variables, and more degrees of freedom. This can lead to more efficient estimators and more precise inference of model parameters. Based on the Hausman test, the estimated model is Random Effects (RE).

Findings: The results of this research show that FinTech Lending has a significant positive impact on the growth of crime, while Financial Literacy has a negative impact on the growth of crime. This indicates that as the use of FinTech Lending increases, crime rates also increase, and higher levels of Financial Literacy help reduce the growth of crime.

Practical implications: The results of this research can be used as material for consideration by the government in creating a comprehensive legal framework through the establishment of a Law on FinTech.

Originality/value: To the best of the researcher's knowledge, this research is the first research to investigate the influence of FinTech Lending and Financial Literacy on Crime Rates in Indonesia using a quantitative approach, whereas previous research used a qualitative approach.

Determinants of Firm Value: The Role of Corporate Social Responsibility as Moderation

Dida Maulidya Al Afshana, Maretha Ika Prajawati — Mon, 21 Oct 2024 00:00:00 +0700

Purpose: Examine and offer empirical evidence on how financial decisions, namely investment decision, funding decision, and dividend policy affect firm value, with Corporate Social Responsibility (CSR) as a moderation.

Methodology/approach: This study employs quantitative research methodology alongside Moderated Regression Analysis (MRA) method using SPSS analysis tool. Data used are financial reports and sustainability reports. Population for this research is manufacturing firms operating in primary consumer goods sector within beverage and processed food industry that are publicly listed on the Indonesia Stock Exchange (BEI) during period 2021 to 2023 with a total of 42 firms. Sampling involved purposive sampling, resulting in a sample of 6 firms.

Findings: Results of this research reveal that investment decision and funding decision positively impact firm value significantly, whereas dividend policy doesn’t demonstrate any influence on firm value. CSR is unable to moderate the relationship between how investment decision, funding decision, and dividend policy on firm value.

Practical implications: This research provides benefits for new knowledge in the field of management, especially financial management in the application of scientific studies related to investment decisions, funding decisions, dividend policies and company value and can be a guide and consideration for companies in making decisions so they can maximize company value.

Originality/value: This research uses Corporate Social Responsibility (CSR) as a moderating variable which is measured by CSRDI.

Understanding of MSME Owners in Sidoarjo Regency in The Preparation of Financial Statements Based on SAK EMKM

Duwi Rahayu, Aisha Hanif, Geulis Shifa Chofifah — Mon, 21 Oct 2024 00:00:00 +0700

Purpose: This study examines the effect of education level, educational background, business age, business scale, and information and socialization on the understanding of Micro, Small and Medium Enterprises (MSMEs) actors in preparing financial statements based on the Indonesian Financial Accounting Standards (SAK) for EMKM. This study focuses on MSMEs that are members of the Sidoarjo Food and Beverage Association (ASMAMINDA) in Sidoarjo Regency.

Methodology/approach: This research uses quantitative research methods. The data used in this study are primary data collected through distributing questionnaires directly to respondents. The population in this study were 60 participants consisting of administrators and members of ASMAMINDA UMKM. The sampling technique used in this study was saturated sampling. The data analysis technique used in this research is multiple linear analysis.

Findings: The findings of this study indicate that the level of education does not affect the understanding of SAK EMKM. Likewise, educational background does not affect the understanding of SAK EMKM, as well as business age. However, business scale has a significant effect on the understanding of SAK EMKM. In addition, the provision of information and socialization has a significant impact on the understanding of SAK EMKM.

Practical Implications : This research provides practical implications for MSMEs to increase understanding of SAK EMKM as the responsibility of MSME actors in preparing financial reports.

Originality/ Value : This study analyzes the effect of education level, educational background, business age, business scale, and information and socialization on the understanding of Micro, Small and Medium Enterprises (MSMEs) incorporated in the Sidoarjo Food and Beverage Association (ASMAMINDA).

3P (Propel, Plunge, Portray): A Reflective Analysis Of The Accountant's Role In Embedding Sustainability In MSMEs

Nining Ika wahyuni, Eko Ganis Sukoharsono, Roekhudin, Zaki Baridwan — Wed, 20 Nov 2024 00:00:00 +0700

Purpose: This research aims to construct the role of accountants in embedding sustainable business practices in MSMEs.

Methodology/approach: In constructing the role, the researcher used a participatory action research (PAR) approach. To represent various types of accounting professions, this study used accountant educators as participants. Data were collected through observations, interviews, and group discussion forums. After going through a triangulation process to check its validity, the data was then processed by thematic analysis.

Findings: This research successfully constructs the role of accountants in instilling sustainable business practices consisting of three role pillars, namely 3P: propel, plunge, and portray. The three pillars mean that the accountant is a figure capable of being a propel to move every business towards more sustainable conditions. Accountants can act as sustainability change agents by plunging directly into business practices to motivate, facilitate and initiate sustainable business practices. Accountants are also someone who can portray sustainable business practices carried out by a business entity by acting as a preparer of sustainability reports.

Practical implications: The results of this study suggest that with this triple role, accountants can further increase their contribution in assisting business entities in implementing the triple bottom line.

Originality/value: The research uses an action research approach in the field of sustainability accounting.

CEO Dualism and Corporate Value: A Digital Corporate Governance Perspective

Mikrad, Hendra Galuh Febrianto, Januar Eky Pambudi — Wed, 20 Nov 2024 00:00:00 +0700

Research aims: The aim of this research isto test and analyze the influence of CEO dualism on digital governance, General Meeting of Shareholders (GMS) and Cash ETR. Then digital corporate governance, and Cash ETR influence firm value.

Design/Methodology/Approach: This research uses a quantitative approach based on associative-causality. As for the data collection techniques used in this research, it is the study of libraries and documentation of secondary data. This study uses path analysis (Path Analysis).

Research findings: The results of this study are CEO dualism giving positive and significant influence on digital corporate governance, GMS and Cash ETR. In addition, digital corporate governance and Cash RTR also give positive and meaningful influence to firm value.

Theoretical contribution/ Originality: The research provides a theoretical contribution that in discussing agency theory and stewardship theory there is a gap where the interests of managers that are always different in the interest of stakeholders have a gap with the theory of stewardships that wants the existence of managers to take precedence on cohesion, partnership, empowerment and mutual trust.

Practitioner/Policy implication: The policy implications obtained in this study are the importance of the government in elevating policies in particular that relate to taxes on companies that already involve management as well as digital transactions as planned by the OECD.

Research limitation/Implication: The research has the limitation that companies that go public on the Indonesian stock exchange have not fully implemented digital governance and implemented GMS digitally, so not all consumer goods companies are listed as samples of research.

Efficiency, Competitiveness And Resilience Of Banking: A Systematic Literature Review

Sylvia, Mohammad Syamsul Maarif, Irman Hermadi, Zenal Asikin — Wed, 20 Nov 2024 00:00:00 +0700

Purpose: This study aims to analyze and classify the literature on efficiency, competitiveness and resilience of banking systems. The banking sector remains in a state of development, contending with problems including heightened competitiveness, regulatory pressures, and technological advancements. By sustaining equilibrium among efficiency, competitiveness, and resilience, banks can persist in flourishing within a dynamic environment.

Methodology/ Approach: by conducting literature studies published between 2015-2023 in the journal listed in the Journal Citation Report. It is then analyzed according to a systematic literature review approach involving interpretation-based assessments of research methodologies and critical findings in the study.

Findings: The direction of this research is expected in the future to have implications for academics and practitioners. This study found that Resilience is essential for banks to successfully confront the difficulties and hazards that periodically emerge.

Practical Implications: Banks must consistently prioritize enhancing their resilience by formulating effective strategies and perpetually fortifying their security systems and adherence to relevant norms and regulations.

Originality/value: This study indicates varios way to analyzing the elements, tactics, and regulations necessary to achieve banking efficiency, competitiveness, and resilience.

Fraud Diamond Model To Detecting Financial Reporting Fraud: Effectiveness Social Media Transparency as A Moderating

Ahmad Juanda, Setu Setyawan, Lia Candra Inata — Thu, 21 Nov 2024 00:00:00 +0700

Purpose: The purpose of this study is to test and analyze pressure factors, opportunities, rationalization and capability in detecting financial statement fraud. Also, testing and analyzing the effectiveness of social media transparency in moderating the perspective of the diamond fraud model to detect indications of financial statement fraud.

Methodology/approach: The data used in this study are secondary data obtained by documentation techniques. The population of this study is all State-Owned Enterprise (SOE) companies in 2022.

Findings: The results found that there was a positive influence between pressure, opportunity and the ability to detect financial statement fraud, while the negative effect was only found in rationalization. The effectiveness of social media transparency strengthens the relationship between pressure variables, rationalization, the ability to detect indications of financial statement fraud. Meanwhile, the effectiveness of social media transparency weakens the relationship between opportunity variables to detect indications of financial statement fraud.

Practical implications: This research contribution can be used as input to companies to detect model factors, namely diamond fraud in detecting financial statement fraud and can be used for investors to be more careful in investing funding in certain companies through the impact of financial statement fraud.

Originality/value: The Diamond fraud model in detecting financial statement fraud with its moderation variable is the effectiveness of social media transparency. This research is a replication and development of previous research, the difference: this study uses data from all state-owned companies, to strengthen the theory of the new diamond fraud model and ascertain whether it can be used as a reference to find out the causes of financial statement fraud, this study uses the effectiveness of social media transparency as a moderation variable

Independent Commissioners' Role in CEO Tenure, Capital Intensity and Firm Size Tax Avoidance

Nabilla Qomaria, Januar Eky Pambudi, Hendra Galuh Febrianto — Mon, 25 Nov 2024 00:00:00 +0700

Purpose: This research aims to understand the influence of CEO tenure, capital intensity, and company size on tax avoidance, with a focus on how these relationships are moderated by the proportion of independent commissioners in manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2017 to 2022.

Methodology/approach: The study employs a purposive sampling strategy, selecting a total of 198 companies that meet the predefined criteria. The analysis relies on secondary data collected from the IDX website and utilizes panel data regression analysis on eViews 13.0 as the analytical technique.

Findings: The data reveals that company size significantly affects tax avoidance, with larger firms tending to avoid tax less. Conversely, CEO tenure and capital intensity do not appear to impact tax avoidance significantly. The proportion of independent commissioners has a moderating effect on the relationship between firm size and tax avoidance, but not on the relationships between CEO tenure, capital intensity, and tax avoidance.

Practical implications: These findings imply that corporate governance, represented by the proportion of independent commissioners, plays a crucial role in moderating the impact of company size on tax avoidance. However, its influence does not extend to the effect of CEO tenure and capital intensity on tax avoidance. This suggests that enhancing corporate governance practices could be a potent strategy for managing tax avoidance in large firms.

Originality/value: This research contributes valuable insights into the factors influencing tax avoidance. It is unique in its use of independent commissioners as a proxy for corporate governance, testing its role in moderating the relationship between independent variables and tax avoidance. This is a departure from previous studies, which typically treat independent commissioners as independent variables.

Is the Revenue Diversification Strategy in Sharia Banks Effective during Covid-19 Pandemic?

Rizkiana Iskandar, Dian Urna Fasihat — Tue, 26 Nov 2024 00:00:00 +0700

Purpose: This research aims to examine the role of revenue diversification in ensuring financial performance remains stable and various risks in Islamic banks can be mitigated.

Methodology/approach: This type of research is quantitative and uses purposive sampling on the Islamic banking statistical report published by the Financial Services Authority (OJK) on March 2021 to June 2023. The data will be tested using multiple linear regression analysis using SPSS version 21.

Findings: The results of the study indicate that the diversification strategy implemented by Sharia Banks in Indonesia can improve financial performance as proxied by ROA and ROE, and can reduce financing risk as proxied by NPF.

Practical implications: The results of this study are expected to provide recommendations for Islamic banking in determining various non-operational activity policies to maximize income in various conditions, including during the COVID-19 pandemic.

Originality/value: This study tries to see the effect of income diversification strategy by increasing non-operational income that can be done as an effort to maintain the financial stability of Islamic banks in any condition. In addition, the researcher added control variables in the form of total assets, capital, FDR, and the Sharia Supervisory Board (DPS) to strengthen the research results.

The Impact Of Revenue Diversification On Bank Profitability And Stability: Evidence From Indonesia Banking Industry

Febby Olvyana Susanto, Noval Adib, Arum Prastiwi — Sat, 30 Nov 2024 00:00:00 +0700

Purpose: This study aims to examine the effect of income diversification on the financial health of banks in Indonesia, focusing on income sources that significantly contribute to improving profitability and financial stability.

Methodology/approach: This study uses a quantitative approach (positivism) which an associative nature. The research population consists of banking companies listed on the IDX from 2020-2023, with a sample of 168 observations selected using the purposive sampling method. The data analysis technique employs panel data regression using Eviews 12 software.

Findings: The results of the regression analysis show that, total revenue diversification has a positive effect on profitability, but a negative effect on financial stability. Meanwhile, the proportion of non-interest income has a negative effect on profitability, but a positive effect on financial stability, with commission income as the most stable component of non-interest income and increasing profitability.

Practical implications: This research contributes to helping bank management to be prudent in implementing income diversification strategies, by prioritizing interest income and avoiding high risk in non-interest income. The findings can also be taken into consideration for regulators in encouraging a balanced diversification strategy to maintain financial stability.

Originality/value: The update in this study uses additional measurements to reveal the value of diversification that has not been discussed by previous researchers. This measurement is to differentiate diversification conditions that have similar values so that they are not considered the same. In addition, researchers also added control variables to increase the validity of the research