Objective –This research investigates the determinants of big data analytics (BDA) adoption in public sector audit, namely system quality, and subsequent impacts on three aspects: audit performance, judgment, and quality. This study also examines the role of audit judgment and audit performance as mediating variables.Design/Methodology –This study used a questionnaire survey involving 137 government auditors in Indonesia. The Structural Equation Model-Partial Least Squares (SEM-PLS) was employed for data analysis.Results –The results reveal that BDA-based auditing adoption is positively determined by system quality. Moreover, BDA-based auditing adoption improves audit performance, judgment, and quality. Additionally, while audit judgment is a mediator between BDA-based auditing and audit quality, audit performance does not.Research limitations/implications –This study has limitations in the number of samples, which makes the generalizability of the study results less strong. It makes readers need to be careful when concluding the results of this study.Novelty/Originality –This study offers a novel approach by examining the use of BDA in public sector audit, which is not frequently discussed, particularly when evaluated through the Information Systems (IS) Success Model by DeLone and McLean (2003); Petter et al. (2008). In addition, this study also presents a novelty in the form of testing the mediation role of audit judgment and audit performance.
Objective –study aims to empirically examine the influence of religiosity, leadership ethics, and local wisdom on fraudulent financial statement prevention by implementing Fraud Risk Management in local governments throughout Madura, Indonesia.Design/Methodology – The research method used in this study is a quantitative survey method. The dependent variable of this research is fraudulent financial statement prevention. The independent variables of this research are religiosity, leadership ethics, and local wisdom. At the same time, the mediating variable in this research is Fraud Risk Management. The sample of this research is 252 respondents to test this study's hypothesis using Structural Equation Modeling-Partial Least Square (SEM-PLS).Results – Religiosity, leadership ethics, and local knowledge also significantly positively affect the application of Fraud Risk Management and its impact on fraudulent financial statement prevention. This study's main finding is that religiosity, leadership ethics, and local wisdom indirectly influence fraudulent financial statement prevention through Fraud Risk Management.Research limitations/implications –Discuss the limitations and implications of the research This research contributes to improving the prevention system in local government. Furthermore, applying Fraud Risk Management can mitigate fraudulent financial statements in local government.Novelty/Originality – This research presents the latest results from applying Fraud Risk Management to prevent fraud, which is rarely explored in the government sector. Apart from that, the research gap in the weak ethical values in implementing Fraud Risk Management can be answered by adding moderating variables such as religiosity, leadership ethics, and local wisdom. The addition of the moderation variable improves the level of originality of this journal. It provides solutions and updates in implementing Fraud Risk Management in the regional government sector.
Objective –This study examines the impact of financial liberalisation on domestic savings in the Southern African Development Community (SADC) countries. Despite reports suggesting unfavourable outcomes in many countries, it addresses the lack of documented evidence regarding the impact of financial liberalisation on savings.Design/Methodology –The study analyses data from 16 SADC countries from 1980 to 2019, utilising the panel Autoregressive Distributed Lag (ARDL) approach. The hypothesis tested is that financial liberalisation, as one of the structural reforms, has contributed significantly to the growth of savings rates.Results –The findings show that financial liberalisation measures, particularly those related to interest rates and financial depth, substantially positively impact domestic savings in SADC.Research limitations/implications –The study only focused on SADC countries. The study concludes that financial liberalisation is crucial for promoting domestic savings. The governments and policymakers in SADC countries are advised to consider implementing interest rate changes and enhancing financial efficiency monitoring to foster long-term improvements in domestic savings.Novelty/Originality –The paper provides an original perspective as it incorporates the financial development and the degree to which external financing affects savings in the SADC region. Again, leveraging the most recent data can capture current trends and the effects of recent financial policies on SADC domestic savings. The study employs cutting-edge econometric methods, such as the panel ARDL estimation methods, which enable both short- and long-term analysis and offer new insights that traditional models might overlook.
Objective –This study examines the importance of business strategy in the acceptance of going concern matter disclosures in the audit report and whether corporate governance influences it. The main corporate governance factors examined are managerial ownership, institutional ownership, independent board of commissioners, and board of directors.Design/Methodology –The population in this research consists of property and real estate companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2022. The sample was selected using a simple random sampling method, totaling 48 companies and 192 observations. The analytical method used in this study is logistic regression with SPSS 26.Results –The study found that business strategy through product differentiation affects the acceptance of going concern matter disclosures in the audit report, while business strategy through cost advantage does not influence it. The board of directors, as part of corporate governance, influences the acceptance of going concern matter disclosures in the audit report, whereas managerial ownership, institutional ownership, and independent board of commissioners do not affect it.Research limitations/implications – This research is limited to real estate companies, which limits the generalization of results to companies in other industries. Additionally, it does not consider individual auditors in auditor rotation but uses firm rotation, where the firm, according to regulations, does not have a time limit for providing audit services.Novelty/Originality –This study introduces the utilization of business strategy in determining going concern matter disclosures in the audit report. Previous studies have predominantly focused on corporate governance in determining going concern matter disclosures in the audit report.
Objective –This study aims to analyze the impact of Environmental, Social, and Governance (ESG) scores on performance of non-financial sector companies listed on the Indonesia Stock Exchange.Design/Methodology –The study procedures were carried out using multiple linear regression analysis to examine the impact of ESG scores and each of its pillars on performance. The sample population comprised 60 non-financial sector companies listed on the Indonesia Stock Exchange from 2019 to 2022. Bloomberg's ESG scores and annual reports served as data sources for measuring the study variables.Results –The results showed that environmental, social, and aggregate ESG scores had a positive impact on performance. High scores in each pillar showed companies’ commitment and responsibility beyond financial aspects. However, governance scores showed no significant influence on performance.Research limitations/implications –The research is limited by a restricted study period, which subsequently impacts the quantity of firm-year observations available for analysis. This limitation may affect the thoroughness of the results, since an extended time frame could yield a more substantial dataset, providing enhanced insights into patterns and changes throughout various times.Novelty/Originality –This research used Bloomberg ESG score in which every data point is weighted in terms of importance and tailored to different industry sectors. Moreover, the use of the Piotroski F-Score for measuring performance enhanced the comprehensiveness of the measurement methods.
Objective – The purpose of this study is to examine the impact of the COVID-19 pandemic on the financial performance of airlines in ASEAN.Design/Methodology – The population of this study consists of ASEAN airline companies whose reports are publicly accessible from 2019 to 2021. The sample population was obtained through a census sampling method, which resulted in the selection of 12 companies. The analysis employed a multifaceted approach, encompassing multiple linear regression analyses and a hierarchical regression strategy.Results – Covid-19 pandemic had a negative impact on the financial performance of ASEAN airlines. An analysis conducted across six ASEAN countries (Malaysia, Indonesia, Singapore, Thailand, the Philippines, and Vietnam) reveals that airlines in Malaysia and Singapore had positive effect on their financial performance, while those in the other four countries faced a negative impact. These findings indicate that the effects of the COVID-19 pandemic on the airline financial stability were not uniform across all countries.Research limitations/implications – The hypotheses of this study were analyzed using multiple linear regression, focusing solely on ASEAN airline companies that publish their financial reports. Additionally, the chosen methodology may not fully capture the long-term financial consequences of the pandemic on airline performance.Novelty/Originality – This study is among the first empirical studies to analyze the financial impact of COVID-19 on the airline industry across multiple ASEAN countries. While previous research has primarily focused on global or country-specific analyses, this research provides a comparative perspective using financial data from six ASEAN nation.
Purpose –This research purposes to explore the impact of servant leadership and job satisfaction on the performance of civil servants in the Indonesian language pegawai negeri sipil (PNS). Moreover, we also examine the role of organizational citizenship behaviour (OCB) as a mediator of the association with the servant leadership and the job satisfaction on the performance of civil servants.Design/Methodology –We used simple random sampling techniques and selected 210 respondents. The data was examined by the partial least squares structural equation modelling (PLS-SEM) method with the help of software SmartPLS.Results –The study results to show partially the servant leadership, the OCB and the job satisfaction significantly impact to the civil servant performance. Servant leadership significantly influences civil servant performance. In addition, OCB acts as a mediator in the relationship between servant leadership and job satisfaction on civil servant performance.Research limitations –The results obtained should be interpreted with alert because they are confined to the specific geographical area along with the nature of the respondents selected.Implications –The results reported in this study can guide the management to be able to increase the performance of civil servants via enhanced roles of servant leadership (SL), job satisfaction (JS) and organizational citizenship behavior (OCB).Novelty/Originality –The study proves the role of OCB as complementary mediation, especially in the context of civil servants in Indonesia.
Objective –This study examines the contributions of Corporate Social Responsibility (CSR) initiatives on educational infrastructure improvements in Tanzanian public primary schools. Using Stakeholder Theory, it identifies discharged CSR initiatives and evaluates their contributions on infrastructure improvements.Design/Methodology –A descriptive cross-sectional design was adopted, utilized convergent parallel mixed-methods approach. Quantitative data were collected from 378 respondents, while qualitative data were obtained through key informant interviews and focus group discussions.Results –The study found that CSR initiatives significantly improve the availability, adequacy, and status of infrastructure, particularly in the construction of classrooms, toilets, and provision of Teaching and learning materials (p 0.05). However, CSR contributions were limited in improving the teaching and learning environment and misaligned with educational priorities. Critical gaps remain in ICT facilities, fencing, and infrastructure for learners with special needs. It recommends expanding CSR initiatives to include special needs facilities, ICT, and address challenges for sustainable infrastructure improvements.Research limitations/implications –The findings are limited to a single district and may not be generalizable across diverse contexts. Future research should explore long-term impacts and scalability.Novelty/Originality –This study contributes to the body of knowledge by examining CSR initiatives in education, offering practical, scalable strategies for improving infrastructure in resource-constrained settings.
Objective –This study examines the determinants of the Ecological Footprint (EF) and tests the validity of the Environmental Kuznets Curve (EKC) hypothesis.Design/Methodology –This study employs a dynamic panel approach through the Two-Step System Generalized Method of Moments (SYS-GMM) method in 61 developing countries during the period of 1992–2021.Results –This study provides strong evidence in favor of the EKC hypothesis. Renewable energy consumption, human development index, financial development, and industrial sector contributions were found to reduce EF. Conversely, trade openness and urbanization significantly increase the EF. Countries with high political stability have higher EF values, suggesting that stability, in the absence of effective environmental governance, may lead to unsustainable economic expansion.Research limitations/implications –The political stability variable in this study is measured using a dummy indicator, which provides a general overview but does not fully reflect institutional complexity. This study also emphasizes the importance of formulating integrated development policies, including strengthening green financing, environmentally friendly industrial reforms, and sustainable trade regulations.Novelty/Originality –The primary contribution of this study lies in the integration of social, economic, and institutional dimensions into the EKC framework, as well as the emphasis on the role of the financial development and political stability in supporting the transition toward sustainable development in developing countries.
Objective –This study aims to examine the relationship between Political Connection, Size, Leverage, ROA, State Owned-Enterprise, and Green Board Committee.Design/Methodology –This study uses a quantitative-associative method, using descriptive tests, T-tests, and multiple linear regression robustness test. The population includes all companies listed on the IDX with an ESG score in 2023. Samples are selected via purposive sampling, primarily requiring an ESG score from ESG Risk and data from Annual Report and Sustainability Reports.Results –Financial factors play an important role in influencing the Green Board Committee because financial resources are an important aspect of company operations, increasing reputation, and gaining trust from stakeholders. On the other hand, non-financial variables, namely Political Connection and State-Owned-Enterprise, do not have implications for the Green Board Committee because each type of business entity, namely BUMN or Non-BUMN, will practically implement policies based on sustainability aspects to increase the company's competitive advantage and is not influenced by political solid dynamics.Novelty/Originality –The implications of this research emphasize the viewpoint of Resource Dependence Theory and Institutional Theory that the role of liaison between the company and the external environment is essential to obtain resources and active participation in increasing competitiveness and market competition. This relates to the company's efforts to disclose sustainability to obtain assessments from stakeholders. The novelty of the research is that analyzing new measurements of the Green Board Committee variable by adopting a more comprehensive approach by combining several theoretical perspectives.
Objective –This study tries to find the relationship between Village Fund expenditures and the inequality and growth inclusiveness using data from 434 districts for the time span of seven years from 2015 to 2021.Design/Methodology –This study uses quantitative research. The research data comprised the data of Village Fund, Gini Ratio, and Inclusive Growth Index from the Ministry of Finance, Central Bureau of Statistics, and the Ministry of National Development Planning. To investigate the relationship between variables, a dynamic panel data with Generalized Method of Moment (GMM) approach is applied.Results –This study revealed the relationship between Village Fund and Inequality and Inclusive Growth. We found that there is no strong relationship between the Village Fund, the first lag of the Village Fund, the second lag of Village Fund and Inequality among specifications. Similar relationships are also shown by the Village Fund, the first lag of Village Fund, the second lag of the Village Fund, and the Inclusive Growth among specifications. In other words, the implementation of Village Fund could not eradicate the inequality problem and could not support inclusion of economic growth in the village level.Research Limitations/Implications –The result of this study potentially has a major implication in terms of program delivery effectiveness and the factors that influence the program effectiveness. Furthermore, in this particular research, the major problems with village fund allocation are the equity issue of the allocation scheme and the clarity of the village service responsibilities.Novelty/Originality –This study uses a different approach to the panel data, which is a dynamic panel data with GMM approach. This study also uses a more specific scope of the data which is a district (kabupaten/kota) level in Indonesia.
Objective – This study aims to examine the effect of social responsibility on profitability in the Southern African banking industry. Methodology – The study utilized content analysis to evaluate financial statements, including measures of return on assets and return on equity, and social responsibility components based on International Accounting Principles. Panel data from 2015 to 2019 were used to assess the impact of social responsibility reporting on profitability. This paper regresses SR reporting on Profitability using panel data from 2015 to 2019.Results – The standard deviation for banks in Mozambique (0.1916) was higher than that of banks in South Africa (0.0928) according to the SR_Dind variable. The lack of significance in the impact of environmental initiatives on profitability (λ1 = 0.001, P-value 0.1) may be attributed to Mozambique's underdeveloped status compared to South Africa. The larger size and significance of the SR_Dind coefficient for the entire sample suggest that the impact is more significant for South African banks (λ1 = 0.057 and λ1 = 0.068, p ˂ 5%) than for Mozambique banks (λ2 = 0.049 and λ2 = 0.051, p ˂ 5%).Research limitations/implications – The study's focus on a small sample (the biggest 10 banks in every nation) makes it less intriguing than it could be if all banks had been included in the sample. The research significantly elucidates the relationship between SR reporting and profitability by throwing light on SR's behaviour in the banking industry, answering the unresolved problem relating SR reporting and profitability in the banking industry. The study may be used by lawmakers and shareholders to help explain how banks operate in these two nations.Novelty/Originality –The study provides an original perspective on how voluntary Social Responsibility Commitment Report could help enhance profitability in the banking industry.
Objective –This research aims to analyze the influence of institutional ownership on financial distress and the role of executives with foreign experience as a moderating variable. Design/Methodology –The object of this research is the consumer cyclical sector companies listed on the Indonesian Stock Exchange during the 2017–2021 period. The data sample was gained through purposive sampling and obtained from 47 companies that met the criteria. Partial Least Squares Structural Equation Modeling (PLS-SEM) using WarpPLS 8 is the analytical technique used in this research.Results –This study provides evidence that institutional ownership can prevent or reduce financial distress as it functions to monitor company performance. The variable of executives with foreign experience strengthens the influence of institutional ownership on financial distress, which shows the role of executives with foreign experience in reducing the possibility of financial distress.Research limitations/implications –This study was conducted in the consumer cyclical sector for five years of observation, which can limit the generalizability of its findings. The implications of this study are practical suggestions for the company's management to avoid financial distress and achieve long-term goals through the role of CEO in relation to its overseas background. Novelty/Originality –In Indonesia, prior research has explored the impact of good corporate governance and the CEO's role in maintaining financial distress conditions. Nevertheless, none has investigated the overseas background aspect, namely the CEO with foreign experience, as one of the moderating factors that influence the GCG aspect of reducing financial distress, which is the originality of this study.
Objective –This study investigates the impact of green human capital, green structural capital, and green relational capital, all components of green intellectual capital, on sustainability performance. Furthermore, this study considers environmental leadership a moderating component in this test. Design/Methodology –This study employs primary data in the form of a questionnaire survey to research respondents, namely the top-level managers of a company. The final questionnaire used in the research was derived from 141 respondents. The data analysis test in this study uses a structural equation model.Results –This study concludes that green human capital and green structural capital positively affect sustainability performance, while green relational capital does not affect sustainability performance. Environmental leadership does not strengthen the positive influence of green human capital on sustainability performance and the positive impact of green relational capital on sustainability performance. However, the interaction of environmental leadership and green relational capital has a negative effect on sustainability performance. Furthermore, environmental leadership strengthens the positive effect of green structural capital on sustainability performance. Research limitations/implications –One disadvantage of this study is that most respondents came from the banking industry. As a result, the results remain narrowly focused on that industry and do not adequately reflect the organization's state. To provide more precise research results, future studies can assess sustainability performance utilizing respondents from various industries. Novelty/Originality –This work in sustainable accounting has developed a rarely explored literature on utilizing green intellectual capital. Furthermore, by gathering data from a growing economy, our analysis adds to the body of information on references on long-term company performance. Furthermore, by evaluating the features of Indonesian firms, our research can be used to help design government policies governing the implementation of sustainability in the business sector.
Objective –This study examines the impact of professional commitment and Machiavellian traits on whistleblowing intentions among accounting students in A-accredited universities in Surabaya, Indonesia.Design/methodology –Using non-probability quota sampling, 150 questionnaires were collected through Google Forms. Data analysis employed multiple linear regression and independent sample t-tests.Results –Results show that professional commitment and Machiavellian traits significantly influence students’ whistleblowing intentions. No significant differences between public and private university students regarding these factors were found. The study reveals high levels of professional commitment and Machiavellian traits among accounting students, emphasizing the need for business ethics education to promote integrity in the accounting profession. Universities should implement strategies to control Machiavellian traits through incentives and punishments for addressing campus fraud. The research highlights the importance of ethics education in strengthening resolve against corruption and ethical violations in accounting.Research limitations/implications –Limitations include potential variations in reporting intentions upon entering the workforce due to factors like reporting costs and employment opportunities.Novelty–The study’s conclusions relate only to new graduates, and non-probability sampling means results cannot be generalized to all situations or applied to individuals with substantial work experience.
Objective –This study aims to empirically examine the effect of CEO tenure and CEO work experience on firm performance.Design/Methodology –Ordinary least square (OLS) is used as an analytical technique to test the research hypothesis. This research sample consists of companies listed on the Indonesia Stock Exchange (IDX) from 2018 to 2022, with 451 total observations. We conduct robustness tests using alternative measurements for the dependent variable to prove that the results of this study are robust.Results –The study's key findings are as follows: CEO tenure is found to have a detrimental effect on firm performance. In contrast, CEO work experience is shown to impact firm performance positively.Novelty/Originality –To the author's knowledge, research that distinguishes between tenure and CEO work experience and its effect on firm performance is still scarce, especially in the Indonesian context. This study opens a new perspective on the experience of a CEO who is seen not only by working time but also by the number of companies he has led.
Objective –This study intends to quantify the impact of tourist risk perception, tourist hygiene, and safety perception on the travel intention of tourists who visited Banda Aceh, Aceh Besar, Aceh Tengah, and Sabang, Indonesia, during the COVID-19 pandemic.Design/Methodology –The purposive sampling method was used to collect primary data from respondents planning to travel to the specified destinations. 157 out of 175 distributed questionnaires were gathered. Moderated Regression Analysis (MRA) was employed to test the hypotheses.Results –Tourist hygiene and safety perception significantly influence travel intention. Tourist risk perception significantly influences travel intention. Tourist risk perception does not moderate the influence of tourist hygiene and safety perception on travel intention.Research limitations/implications –The study's findings suggest that governments of tourist destinations should ensure the availability of adequate facilities and infrastructure to promote travel intentions, particularly focusing on hygiene and security aspects. Limitations may include using purposive sampling, which might limit the generalizability of the results to a broader population.Novelty/Originality –This study provides valuable insights into the relationship between tourist risk perception, hygiene, and safety perceptions on travel intentions during the COVID-19 pandemic, specifically in the context of Aceh's tourist destinations. The findings highlight the non-moderating role of tourist risk perception in the relationship between hygiene and safety perception and travel intention. This contributes to the existing literature on tourism and risk management during pandemics.
Objective –To investigate the development of the Black-Scholes Model in financial research, identify its key contributors, and map its thematic evolution through a bibliometric analysis.Methodology –This study employs bibliometric analysis, a research method that uses bibliographic data to analyze trends, patterns, and the impact of scholarly works in the financial research area. The data was extracted from the Scopus database, processed, and visualized using Microsoft Excel, R-Packages software, and the Biblioshiny Web Interface. The data extraction process was conducted on December 25, 2023, identifying 941 relevant documents, with 719 documents determined to be eligible for the analysis.Results –The analysis reveals significant evolution in academic interest in the Black-Scholes Model since its introduction in 1978, with key contributors from the United States and the United Kingdom. Early research (1978–2000) focused on the theoretical basis of the model, while the period 2001–2010 marked its increasing relevance in economics. The 2011–2020 period saw the integration of the model in a wide range of economic applications. The 2021–2023 period highlights a new research focus on applications in fractional differential equations. The model has become an essential element in modern finance, driving innovation in finance education, policy, and cross-disciplinary applications.Research limitations/implications –The study is limited by its reliance on data from the Scopus database, which may not encompass all relevant research. Future research could expand the analysis to include other databases and consider qualitative aspects of the Black-Scholes Model's applications.Novelty/Originality –This research underscores the importance of the Black-Scholes Model in the evolution of modern finance and its diverse applications. It makes a significant contribution to the study of economics and finance by providing a comprehensive bibliometric analysis of the model's development, key contributors, and thematic evolution.
Objective – The purpose of this study is to examine the potential benefits of the implementation of Islamic Banking and Finance (IBF) in Ghana and opportunities for businesses using MSMEs as data source.Design/Methodology – Primary data were obtained using questionnaires, where 400 questionnaires were distributed to MSMEs operators with a final sample of 308 respondents. The data collected were analyzed with SPSS 26.0 and the results were discussed.Results – The findings reveal that MSMEs (businesses) are yearning for Islamic banking to reap several benefits such as alternative sources of funding, alternative source of savings, reduction of loan defaults and acceptance of Islamic banking among MSMEs. In addition, more males responded compared to females likewise majority of respondents are Muslims.Research limitations/implications – majority of the respondents were Muslims though Islam is a minority religion in Ghana, hence may not reflect the views of the entire Ghanaian population. Novelty/Originality – This study is the first of its kind in Ghana in terms of the data source and size of the sample used. This study is also a contribution to the limited literature of IBF in Ghana. The outcome of the study will guide government to design framework for IBF takeoff in Ghana.
Objective –This research aims to investigate the quality of financial reporting and the extent of accrual accounting disclosure in Indonesia. Additionally, it examines the influence of capital expenditure budget, size, and age on the quality of financial reporting, with accrual accounting disclosure acting as a mediator.Design/Methodology –The study was conducted by performing a textual analysis of 380 regional government financial reports in Indonesia. Data analysis was executed using the SEM-PLS method, facilitated by SmartPLS version 3.Results – Although no LGFS achieved a perfect score for reporting quality, there was a notable improvement in the quality of financial reporting and accrual-based accounting disclosures in the LGFS from 2017 to 2021. The capital expenditure budget, the age of the local government and accrual accounting disclosures significantly affect the quality of financial reporting. Furthermore, accrual accounting disclosures mediate the effect of local government size on the quality of financial reporting.Research limitations/implications –This research does not yet fully capture the quality of financial reporting and accrual accounting disclosures in Indonesia, as the study is limited to regional governments established in 2007. However, these findings can serve as a reference for local administrations striving to enhance the quality of their financial reporting and accrual accounting practices.Novelty/Originality –This study complements existing research on the progression of accrual accounting in Indonesia through textual analysis and further examines how accrual accounting disclosures affect the quality of financial reporting, while mediating key factors within local Indonesian governments.
