Purpose: This study aims to examine the determinants of dividend policy and to analyze whether their effects differ across countries, specifically between Indonesia and the Philippines. Method: The research employs a quantitative approach using secondary data from food and beverage firms listed on the Indonesia Stock Exchange (IDX) and the Philippine Stock Exchange (PSE) over the period 2022–2024, with a total sample of 69 firm-year observations. A cross-country regression model is applied by integrating data from both countries into a unified framework, incorporating a country variable and interaction terms to capture institutional differences. Findings: The results indicate that traditional firm characteristics, such as profitability, firm size, leverage, and managerial ownership do not significantly influence dividend policy. In contrast, growth opportunities have a significant negative effect, suggesting that firms with higher growth prospects tend to retain earnings rather than distribute dividends. Furthermore, the findings confirm the presence of cross-country differences, as the effects of growth opportunities and managerial ownership on dividend policy vary between Indonesia and the Philippines. Implications: This study concludes that dividend policy is not solely determined by firm-level factors but is also shaped by institutional context. However, the study is limited to the food and beverage sector and a relatively short observation period. Future research is encouraged to include broader sectors and longer time horizons.
Purpose: Internal control serves as a vital foundation in ensuring efficiency, accountability, and risk management for micro enterprises such as Agrivet Stores. This research aims to describe the internal control practices of Agrivet Stores in Pagadian City, focusing on the effectiveness of control environment, control activities, risk assessment, information and communication, and monitoring, as well as the challenges and coping strategies of store owners. Method: Using a mixed-methods approach, the study combined survey questionnaires and in-depth interviews to gather both quantitative and qualitative data. Findings: Findings show that internal control practices are generally rated as high with a mean of 3.10 and standard deviation of 0.694. Qualitative results revealed challenges such as limited staffing, weak documentation, inventory losses, and risks of misappropriation, which owners addressed through strategies like improving recording practices, adopting simple technological systems, documenting losses, segregating duties, strengthening security, and enforcing employee accountability. Implications: Overall, the study underscores the importance of adaptive internal control practices in small-scale enterprises, offering insights that can guide resource management, efficiency, and asset protection in the agricultural retail sector.
Purpose: This study examines how the growing use of Artificial Intelligence (AI) in financial reporting and auditing affects audit reliability, accountability, and transparency. It focuses on key challenges such as AI’s “black box” nature, outdated auditing standards, limited auditor expertise, and unclear legal responsibility. Method: The study uses a conceptual and literature-based approach by reviewing prior research, auditing standards, and regulatory developments related to AI, financial reporting, and audit assurance. Findings: The study finds that although AI can improve risk assessment and audit efficiency, its complexity and lack of transparency may increase audit risk. Current standards, such as ISA 315 and ISA 500, are not fully suitable for algorithm-based decision-making. The study also highlights a shortage of auditors with data science skills and uncertainty over legal accountability between auditors, companies, and AI software providers. Implications: The study proposes the Assurance for Ethical and Governed AI Systems (AEGIS) framework, which emphasizes system review, AI explainability, and continuous monitoring. It recommends that standard setters, including the IAASB, develop AI-specific audit guidance, strengthen auditor training in data analytics and AI governance, and create a fairer legal responsibility framework. Without these changes, the audit profession may struggle to remain relevant in an AI-driven reporting environment.
Purpose: The purpose of this study is to investigate the effect of investment risk on students' interest in investing in stocks, the effect of financial statement understanding on students' interest in investing in stocks, and the effect of financial literacy on students' interest in investing in stocks. Method: The research design using quantitative methods, which data collection method is documentation, and using multiple regression analysis technique. Sample of the research is students from Atma Jaya university from accounting study program entrance year 2021 and 2022. Data collection using googl form. Sample size is 147 respondents. Findings: The results of the study show that investment risk has a positive and significant effect on students’ interest in investing in stocks, financial statement comprehension has a positive but not significant effect on students’ interest in investing in stocks, and financial literacy has a positive and significant effect on investing interest. Implications: the gen z has motivation of investing if they have the knowledge about the investing activities which can reduce risk in investing.
Purpose: A company’s value reflects management’s success in running the company; an increase in a company’s value indicates that the company has effective management and is capable of consistently generating profits in the future. This study aims to test and obtain empirical evidence of the influence of independent commissioners, audit committees, sales growth, firm age, and tax planning on firm value in companies in the textile and apparel subsector listed on the Indonesia Stock Exchange from 2022 to 2024. Method: The population in this study consists of 19 companies in the textile and apparel subsector listed on the Indonesia Stock Exchange from 2022 to 2024. Sampling was conducted using purposive sampling, resulting in 17 companies with three years of data, yielding a total of 51 research samples. The data were analyzed using multiple linear regression. Findings: The audit committee and sales growth have a positive impact on firm value. This means that the presence of an audit committee can increase investor confidence, thus increasing firm value. Similarly, increased sales growth indicates increased revenue, thus increasing firm value. Meanwhile, independent directors, firm age, and tax planning have no impact on firm value, indicating that these factors do not contribute to enhancing or diminishing a company's overall market valuation. Implications: The findings suggest that companies should strengthen the effectiveness of audit committees and focus on increasing sales growth to enhance firm value. For investors, these results indicate that audit committee performance and sales growth are important considerations in evaluating firm value.
