The International Journal of Accounting and Business Society https://ijabs.ub.ac.id/index.php/ijabs <p>The International Journal of Accounting and Business Society (IJABS), is published by Accounting Department, Faculty of Economics and Business, University of Brawijaya, Indonesia, which is a dissemination medium for research results from researchers and lecturers in management, accounting, international business, entrepreneurship, business economics, risk management, knowledge management, information systems, ethics, and sustainability science. IJABS is a journal issued in April, August, and December. Today, IJABS is indexed in DOI (Crossref), Academic Microsoft Search, Copernicus, J-Gate, (DRJI ) Directory of Research Journals Indexing, Google Scholar, EBSCOhost (under evaluation), DOAJ (under evaluation), Scopus (under evaluation), Neliti and SJIFactor.</p> <p>The editor receives manuscripts that have not been offered for publication elsewhere and analyses on business published within the nation and abroad.</p> en-US <p>Authors who publish with this journal agree to the following terms:</p> <p>1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a <a href="https://creativecommons.org/licenses/by/4.0/">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.</p> <p>2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.</p> <p>3. Authors are permitted and encouraged to post their <a href="https://ijabs.ub.ac.id/index.php/ijabs/management/settings/distribution//index.php/ijabs/about/submissions#copyrightNotice">work online</a><img src="http://cdncache-a.akamaihd.net/items/it/img/arrow-10x10.png" alt="" /> (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See <a href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a>).</p> ijabs@ub.ac.id (Editor In Chief Prof. Eko Ganis Sukoharsono, SE, MCom-Hons, CSRS, CSRA, PH.D) ijabs@ub.ac.id (Oki Wahyu Setiawan) Sat, 30 Apr 2022 15:55:28 +0000 OJS 3.2.1.4 http://blogs.law.harvard.edu/tech/rss 60 DYNAMIC LINK BETWEEN STOCK MARKET SIZE AND STOCK MARKET INVESTMENT RETURNS IN NIGERIA https://ijabs.ub.ac.id/index.php/ijabs/article/view/658 <p><strong>ABSTRACT</strong></p> <p><strong>Purpose</strong><strong>—</strong><em>The aim of this study is to examine the dynamic link between stock market size and stock market investment returns in Nigeria</em>.</p> <p><strong>Design/Methodology: </strong><em>Based on ex-post facto research design,</em> the&nbsp;<em>Autoregressive Distributed Lag (ARDL) technique was applied to the annual time-series data obtained from the Central Bank of Nigeria’s statistical bulletin for the period 1985 to 2019. </em></p> <p><strong>Findings</strong><strong>-- </strong><em>Findings indicate the existence of </em><em>a negative, weak and significant correlation as</em><em> well as a long-run</em><em> relationship between stock market size and stock market returns in Nigeria.</em><em> Furthermore, this study confirmed that</em><em> in the long run, the stock market size has a negative and significant effect on stock market returns in Nigeria. However, in the short run, the effect of stock market size on returns is positive and statistically significant. </em></p> <p><strong>Practical Implications--</strong><em>It is imperative that capital market policies directed at expanding the market size should be vigorously pursued by the Government in close partnership with the organized private sector while the long-run negative effect of stock market size on stock market investors should be mitigated by improving the environment of the financial market in the area law and policy framework, professionalism and ethical operations, infrastructural improvements, etc. </em></p> <p><strong>Original Value—</strong><em>This study posits that there is a significant negative long-run relationship between size and investment returns in the Nigerian Stock Exchange and this relationship has long-run policy implications on the economy.</em></p> <p><strong>Keywords</strong><strong>--</strong> <em>All-share index, Autoregressive Distributed Lag, Investments, Market capitalization, Stock market size, Stock returns.</em></p> <p><strong>Paper Type—</strong><em>Research paper</em></p> Gbenga Festus Babarinde Copyright (c) 2022 https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/658 Sat, 30 Apr 2022 00:00:00 +0000 DETERMINATION OF TECHNOLOGY-BASED ACCOUNTING CURRICULUM THROUGH FINANCIAL LITERACY https://ijabs.ub.ac.id/index.php/ijabs/article/view/651 <p><strong>Purpose </strong><em>This study aims to determine which factors that can affect financial literacy as the basis for developing a technology-based accounting curriculum at the Accounting Department, Faculty of Economics and Business, Mulawarman University.</em></p> <p><strong>Design/methodology/approach</strong><em> This research is a quantitative study using primary data obtained through a questionnaire filled out by 100 respondents, then the data is processed using Smart-PLS.</em></p> <p><strong>Findings</strong> <em>The results showed that financial behavior and financial attitudes had a positive effect on financial literacy, while financial technology had no effect on financial literacy. This proves that the behavior and attitudes shown by students of the Faculty of Economics and Business can increase student curiosity regarding financial management and understanding of financial instruments so as to improve student financial literacy. In addition, from the respondents' answers, it can also be seen that the literacy level of students is at a sufficient literate level, which means that students have a good understanding of financial management but are still unable to maximize the use of financial products and services. This is evidenced by the lack of use of financial technology by students.</em></p> <p><strong>Practical implications</strong><strong> </strong><em>The results of this research contribute to the Accounting Department needing to add material about the benefits and functions of financial technology in financial management to improve student competence in the industrial era 4.0.</em></p> <p><strong>Originality/value </strong><strong> </strong><em>This paper presents the case of financial literacy as the basis to improve a technology-based curriculum which is currently indispensable in the scope of accounting education.</em></p> <p><strong>Keywords </strong><strong> </strong><em>Financial Literacy; Financial Technology; Financial Attitude; Accounting Curriculum</em></p> <p><strong>Paper type </strong><em>Case study</em></p> Fibriyani Nur Khairin, Muhammad Abadan Syakura, Irwansyah * Copyright (c) 2022 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/651 Sat, 30 Apr 2022 00:00:00 +0000 A HELPING HAND DURING COVID-19 PANDEMIC: EXPLORING MOTIVATION AND IMPLICATIONS CORPORATE SOCIAL RESPONSIBILITY BANKING SECTOR https://ijabs.ub.ac.id/index.php/ijabs/article/view/533 <p><strong>Purpose </strong><em>This study explores the motivations and implications of implementing Corporate Social Responsibility during the Covid-19 pandemic in Bali's banking sector.</em></p> <p><strong>Design/methodology/approach</strong> <em>The methodology used in this research is qualitative research with a case study approach.</em></p> <p><strong>Findings </strong><em>The study's results</em><em> are that the motivation for implementing Corporate Social Responsibility during the Covid-19 pandemic is to comply with applicable norms/rules, caring attitudes, awareness, and social responsibility, as well as the company's desire to empower communities, get awards and fulfill social interests. Also, these study's findings are related to the implications of the implementation of Corporate Social Responsibility, namely improving the company's image, increasing customer trust, establishing better relationships with stakeholders, transmitting kindness, gratitude, happiness, self-confidence, and respect. The concept of motivation and the implications of implementing Corporate Social Responsibility in Bali's banking </em><em>industry</em><em>, especially PT Bank Pembangunan Daerah Bali, during the Covid-19 pandemic can be implemented in 3 forms of implementation, namely community relations, which are charity or donation activities, philanthropic community assistance. Or help solve problems partially and citizenship oriented to build community competitiveness.</em></p> <p><strong>Practical implications</strong> <em>This research encourages the development of socio-environmental accounting studies, and this research can provide input to the authorities in regulating policies or regulations regarding the importance of caring attitudes towards society and the environment and how the community has felt the impacts. Because as we know that the Corporate Social Responsibility disclosure reporting policy is in the form of a sustainability report, which is still voluntary, it is hoped that the government can require disclosure of Corporate Social Responsibility reporting to large companies that have a relatively good financial performance by making standard reporting standards, accepted by the whole company. Because this sustainability report is the best means of providing information to investors and shareholders.</em></p> <p><strong>Originality/value,</strong><strong> </strong><em>In particular, this research framework is compiled from business people's aspirations, especially in the banking sector, who seek to foster motivation to care about the social and the environment by implementing Corporate Social Responsibility, which will have implications for corporate sustainability.</em></p> <p><strong>Keywords</strong> <em>Implementation; Corporate Social Responsibility; Charity; Philanthropy; Citizenship.</em></p> <p><strong>Paper type </strong><em>Case study</em></p> Kadek Goldina Putri Dewi, Eko Ganis Sukoharsono, Zaki Baridwan Copyright (c) 2021 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/533 Sat, 30 Apr 2022 00:00:00 +0000 MATURITY ANALYSIS : GOVERNMENT INTERNAL CONTROL SYSTEM CASE STUDY OF THE STATE OFFICIAL AGENCY OF THE REPUBLIC OF INDONESIA https://ijabs.ub.ac.id/index.php/ijabs/article/view/527 <pre><em>The purpose of this study is to analyse the implementation </em><em>of  </em><em>the Internal Control System (SPI) and the financial reporting system at BKN RI as well. the impact on the acceptance of Civil Servants. This study uses a descriptive quantitative approach to analyze internal control at the National Civil Service Agency of the Republic of Indonesia. The data used in this study are secondary data, namely documents validating the maturity assessment of the government internal control system at BKN RI in 2018. The data was collected by interviews, published documents and observation.</em></pre> <pre><em> </em></pre> <p><em>The maturity assessment of the Government Internal Control System reaching the developing category means that the State Personnel Agency of the Republic of Indonesia has implemented internal control practices, but it is not well documented and its implementation is strongly influenced by individual initiatives. The effectiveness of control has not been evaluated so many weaknesses have not been adequately addressed. The four elements analyzed show low roles related to the role of APIP government officials, Risk Identification, Risk Analysis, and Evaluation. The low maturity value proves that the implementation of the internal control system is running well but has not been documented and the related policies have not been evaluated</em></p> <pre><strong><em>Keywords</em></strong><em>: </em><em>Maturity assessment, Government Internal Control System, PP No. 60 of 2008, Perka BPKP No. 4 of 2016, State Civil Service Agency of the Republic of Indonesia. (BKN RI)</em></pre> <p> </p> Merry Saurina Manik, Nursanita *, Faris Faruqi Copyright (c) 2022 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/527 Sat, 30 Apr 2022 00:00:00 +0000 THE SPIRIT OF PANCASILA IN REVOLUTION OF ACCOUNTING EDUCATION https://ijabs.ub.ac.id/index.php/ijabs/article/view/393 <p><strong>Purpose </strong>— Almost all corruption problems occur, one of the actors is an accountant. Why do many accountants, especially in Indonesia, get caught up in these cases? So far, the accounting profession in Indonesia has continued to improve in order to align itself with the world accounting profession.<strong>Design/methodology/approach </strong>— This research study about the pillars of nationality in Pancasila as the foundation to analyze the cause of financial fraud. <strong>Findings </strong>— Accounting affects all parties; those who are directly involved or not. For those who are directly involved it is possible to secure their welfare, while those who are not directly involved will feel their contribution in the form of facilities that have been regulated by the provisions of the internal (company) and external (government). <strong>Practical implications </strong>— From the pillars of nationality in Pancasila, it is expected to be used as a foundation for the accounting profession in carrying out life and obligations as professional accountants who develop science, while still having an Indonesian heart and soul.<strong>Originality/value </strong>— Through the five pillars of nationality in Pancasila, which are included in the accounting education process as a balance between secularity material and Pancasila and ethics originating from Indonesian national identity.</p> <p><strong>Keywords </strong>— Pancasila, accounting education, accountant, financial fraud</p> <p><strong>Paper type </strong>— Research Paper</p> Nurul Kompyu Rini, Anis Wulandari Copyright (c) 2022 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/393 Sat, 30 Apr 2022 00:00:00 +0000 NON-CASH TRANSACTION POLICY: THE STEPS FOR CASHLESS MANAGEMENT IN CENTRAL JAVA PROVINCE https://ijabs.ub.ac.id/index.php/ijabs/article/view/541 <p><strong>Purpose </strong>-<strong> </strong>This study aims to understand the implementation steps of the non-cash transaction policy, in the Central Java Provincial Government, with Edward III (1980) "Policy Implementation Theory", as a tool in analyzing the supporting and inhibiting factors of implementation.<em></em></p><p><strong>Design / methodology / approach </strong>-<strong> </strong>This research uses a qualitative approach. Data collection was carried out through in-depth interviews and document collection relating to the application of non-cash transactions. The informants in this study involved 2 participants consisting of the Regional Financial and Asset Management Agency of Central Java Province. These participants are the policy makers and technical implementers in the application of non-cash transactions to the object of research.<em></em></p><p><strong>Findings </strong>-<strong> </strong>Result Research shows that the implementation of the non-cash transaction policy has been going well, from the perspective of the executor's understanding of non-cash management. The Central Java Provincial Government takes steps in policy implementation: preparation, implementation, control. Supporting factors in implementation come from communication and financial resources. Meanwhile, human resources, physical resources, disposition and bureaucracy need to be evaluated, because they have the potential to hinder implementation in the Central Java Provincial Government.<em></em></p><p><strong>Practical implications </strong>-<strong> </strong>The implementation of the non-cash transaction policy found supporting factors and obstacles to the implementation of the non-cash transaction policy. This is useful in improving the quality of local government financial management, so that implementation is not limited to fulfilling obligations, but also has uses.<em></em></p><p><strong>Originality / value </strong>-<strong> </strong>The implementation of non-cash transactions is a necessity for Regional Governments because it brings many benefits in the context of realizing good governance. This study seeks to analyze the application of non-cash transactions and identify the causes for the low application of non-cash transactions. This study reveals the facts related to the implementation of the non-cash transaction policy so that it can provide input to the government in the implementation of regional financial management<em></em></p> Zeffri Setiawan, Rosidi *, Lilik Purwanti Copyright (c) 2022 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/541 Sat, 30 Apr 2022 00:00:00 +0000 FACTORS AFFECTING THE QUALITY OF AUDIT PROCESS “THE EXTERNAL AUDITORS’ PERCEPTIONS” https://ijabs.ub.ac.id/index.php/ijabs/article/view/539 <p><strong>Purpose </strong>— This research aims to investigate the factors that affect audit quality including the board of directors’ characteristics and performance, the audit committee responsibilities, internal audit factors and performance, and the quality of the external audit.<strong>Design/methodology/approach </strong>— This study expanded the previous research that has used different proxies to measure audit quality, this study employed a questionnaire to measure audit quality and internal governance mechanisms by adopting some practical indicators from previous literature which could reflect and affect audit quality. <strong>Findings </strong>— According to the regression results, it has been found that there is a strong positive relationship which is statistically significant between the work performance of internal auditors and the audit quality (β =0.280, p=.000), the strongest relationship was between audit quality and work performance and it contributes to the model and this is consistent with prior studies. Further, the board of directors’ responsibilities has been determined to have a significant impact on audit quality where the coefficient of determination is .085 at a significant level. <strong>Practical implications </strong>— Due to prevalent corporate scandals and audit failures around the world in recent years, there has been a renewed interest in the relationship between Internal Corporate Governance Mechanisms (ICGM) and External Audit Quality (EAQ). Audit quality and corporate governance mechanisms are significant aspects of today’s business practices. Hence, these issues have evoked interest and received the attention of regulators, researchers, and practitioners and have become the center of the argument, due to their role in boosting investors’ confidence and improving the reliability of financial reports.<strong>Originality/value </strong>— The current study contributed to auditing and corporate governance literature, this study expanded the previous research that has used different proxies to measure audit quality and factors influencing audit quality. </p> <p><strong>Keywords </strong>— Pancasila, accounting education, accountant, financial fraud</p> <p><strong>Paper type </strong>— Research Paper</p> Nashat Ali Almasria Copyright (c) 2022 The International Journal of Accounting and Business Society https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/539 Sat, 30 Apr 2022 00:00:00 +0000 DETERMINANT FACTOR ON STOCK PRICE FOOD AND BEVERAGES INDUSTRY SECTOR https://ijabs.ub.ac.id/index.php/ijabs/article/view/677 <p><strong>Purpose -</strong><em>The purpose of this study is to test the effect of leverage and firm size on stock price with return on owners equity as an intervening variable and managerial experiences as moderating variables. </em></p> <p><strong>Design/methodology/approach- </strong><em>The data used in this study is secondary data in the form of company financial statements from 2016-to 2020</em><strong><em>. </em></strong><em>The population in this study is 49 companies of consumer goods, and the sample used in this study is 29 companies. The data processing method used is warp PLS. </em></p> <p><strong>Findings- </strong><em>The results of the study state that 1) Leverage has a significant effect on ROE; 2) Company size has a significant effect on ROE; 3) Leverage has no significant effect on stock prices; 4) Firms size has a significant effect on stock prices; 5) ROE has a significant effect on stock prices; 6) ROE is mediated effect Leverage on Stock Prices; 7) ROE is mediated effect Firms Size on Stock Prices; 8) Managerial experience is moderating effect Leverage on ROE; 9) Managerial experience is moderating effect Firms Size on ROE.</em></p> <p><strong>Practical implications- </strong><em>This research has implications for companies where it is important to consider experience for investment managers in making decisions</em></p> <p><strong><em>Originality/value- </em></strong><em>This study uses a consumer good company as the object of research, where this research is expected to assist the company in making a decision related to the experience of a manager that can affect stock prices</em><strong><em>.</em></strong></p> <p><strong>Keywords- </strong><em>Leverage, </em><em>Firms </em><em>Size, Return On Owners Equity,</em><em> Stock Price, Managerial Experiences.</em></p> <p><strong>Paper type </strong>— <em>Case study</em></p> <p>&nbsp;</p> Kemas Dedy Kusdianto, Indra Siswanti Copyright (c) 2022 https://creativecommons.org/licenses/by-sa/4.0 https://ijabs.ub.ac.id/index.php/ijabs/article/view/677 Sun, 29 May 2022 00:00:00 +0000