Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. “economic decentralization” and “political centralization”). Given the significant level of IPO underpricing in China, we examine the impact of local political uncertainty (measured by prefecture-level city official turnover rate) on IPO underpricing. Using 2,259 IPOs of A-share listed companies from 2001 to 2019, we employ a structural equation model (SEM) to examine the channel (voluntarily lower the issuance price vs aftermarket trading) through which political uncertainty affects IPO underpricing. We check the robustness of the results using bootstrap tests, adopting alternative proxies for political uncertainty and IPO underpricing and employing subsample analysis. Local official turnover-induced political uncertainty increases IPO underpricing by IPO firms voluntarily reducing the issuance price rather than by affecting investor sentiment in aftermarket trading. These relations are stronger in firms with pre-IPO political connections. The effect of political uncertainty on IPO underpricing is also contingent upon the industry and the growth phase of an IPO firm, more pronounced in politically sensitive industries and firms listed on the growth enterprise market board. Local government officials in China usually have a short tenure and Chinese firms witness significantly severe IPO underpricing. By introducing the SEM model in studying China IPO underpricing, this study identifies the channel through which local government official turnover to political uncertainty on IPO underpricing.
This study investigates at how CEO turnover affects earnings management. Additionally, this study examines at gender diversity as a moderator of the effect of CEO turnover on earnings management. In this study, it is expected that gender diversity will lessen agency conflicts that arise during CEO change. The study sample consists of non-financial companies that were listed on the Indonesia Stock Exchange between 2015 and 2019. The total sample in this study is 1336 observations. Earnings management measured using three measurements model namely Modified Jones, Kothari, and Rahman and Shahrur. Multiple regression analysis was used for analyzing the study’s data. This study’s findings show that the management of earnings is unaffected by CEO turnover and gender diversity has no moderating influence on the impact of CEO turnover on earnings management.
Arizka Rahmaninghadi Imansari, Erwin Saraswati, Yeney W. Prihatiningtias
Efficiency for a bank is an important aspect to pay attention to realize a healthy and sustainable financial performance. This research aims to analyze the profit and cost efficiency of Rural Banks in Indonesia for the 2018-2022 period and examine the influence of financial performance measures on the cost efficiency of Rural Banks. The sample for this research was 497 BPRs in West Java, East Java, and Bali. Efficiency testing uses stochastic frontier analysis with an intermediation approach for cost efficiency and a production approach for profit efficiency. Financial performance measures represented by the NPL ratio, LDR, CAR, and total assets were tested using Tobit regression. The results of cost efficiency using the intermediation approach show that BPR in the three regions from 2019 to 2022 is in an inefficient condition. Similar to cost efficiency, the results of profit efficiency using a production approach show that BPRs from these three regions from 2019 to 2022 are in an inefficient condition. Based on the Tobit regression results, financial performance measures influence cost efficiency. Financial performance measures that influence cost efficiency are NPL, CAR, and total assets. The LDR ratio does not affect on cost efficiency.
ABSTRACT
This research paper analyzes the Influence of IS innovation diffusion on the performance/ outcome of the village government. Besides this paper also determines the role of organizational support and technological advantage in determining performance. Finally, this study researched these variables as moderating between IS innovation diffusion and implementation. The primary data was collected through a survey and analyzed using the smart-pls. The result shows that the technological advantage is significantly associated with the performance of the village government. This finding contributes to the technology organization environment.
ABSTRAK
Penelitian ini menganalisis pengaruh difusi inovasi SI terhadap kinerja pemerintah desa. Selain itu, penelitian ini juga menentukan peran dukungan organisasi dan keunggulan teknologi dalam menentukan kinerja. Terakhir, penelitian ini juga meneliti variabel-variabel tersebut sebagai variabel pemoderasi antara difusi inovasi SI dan kinerja. Data primer dikumpulkan melalui survei dan dianalisis menggunakan smart-pls. Hasil penelitian menunjukkan bahwa keunggulan teknologi berpengaruh secara signifikan dengan kinerja pemerintah desa. Temuan ini secara teoritis berkontribusi pada technology organization environment.
Using self-made billionaire entrepreneurs in China as a proxy for large entrepreneurs, we examine the impact of institutional environment quality on the longevity of such entrepreneurs. While property rights institutions and contracting institutions are important in explaining macroeconomic growth and small firm growth, we find no evidence that they matter to the longevity of billionaire entrepreneurs. However, we find access to finance to be important to the longevity of billionaire entrepreneurs. Our results help better understand the relative importance of various institutional environment forces to the continuous success of billionaire entrepreneurs.
This study aims to prove the influence of accountability and transparency in the financial management of the performance of the local government area of the province of Bengkulu. This study used a questionnaire to collect the data, the sampling method used in this research is purposive sampling with sample criteria, namely Echelon III and Echelon IV, section Accounting or Section Bookkeeping on each Unit (SKPD) in the government of Bengkulu province. The results showed that the accountability of financial management and significant positive effect on the performance of the local government of Bengkulu province. This means that the higher accountability in financial management will be able to improve the performance of the local government of Bengkulu province. Similarly, the transparency of financial management, positive and significant effect on the performance of local government. In this case, the higher level of transparency in the financial management of local government performance will also be better. By increasing accountability and transparency in the financial management of all existing units expected to improve the performance of local governments in order to promote the establishment of good governance.
Ana María Barrera Rodríguez, Pedro Luis Duque Hurtado, Vannesa Leandra Merchán Villegas
La neurociencia del consumidor examina el comportamiento del cerebro ante los diferentes estímulos que producen las marcas con el fin de poder determinar cuáles son los principales factores que llevan a una persona a consumir un producto. El presente estudio realiza un análisis bibliométrico de la literatura de la neurociencia y el comportamiento del consumidor en el que se identificaron los países, autores, revistas e instituciones más influyentes, su estructura y las líneas futuras de investigación. La revisión se efectuó a partir de un análisis bibliométrico y de redes de documentos publicados en la base de datos Scopus entre los años 2007 y 2021. Se realizó un mapeo científico a 178 documentos y a partir del análisis de redes se identificaron tres perspectivas o clústeres de investigación: la publicidad y su impacto emocional; las marcas y su persuasión al consumidor; y las emociones y su influencia en el cerebro y el comportamiento del consumidor. Por último, se presenta la agenda para futuras investigaciones.
In the recent sessions of Heterodox accounting research, carried out by the Fundación Universitaria Los Libertadores and the Universidad Autónoma Latinoamericana, important questions arose about how radical or flexible should be the heterodox perspective. A professor who participated in this event pointed out that the Colombian accounting academy has lost the rigor and the link with the ideology that was common in the past, indicating that probably the heterodox has become in a fashion. This view, also shared by other scholars, highlights the idea that we must define an ideology (especially in a political sense) and to stick to it, without moving from one perspective to the other because this would involve a lack of commitment, in this case, with the heterodox view.
This research aims to find empirically evidence that has influence of motivation, organizational commitment, discipline, and job satisfaction to employee performance. The samples of this study was 65 employees who work as financial affair of corporative in lubuk linggau. The data obtained wers analyzed by using multiple linear regression analysis. The research concludes that: motivation, organizational commitment, discipline, and job satisfaction has positive influence on the performance of the who work as financial officer.
Keywords : Motivation, Organisational Commitment, Discipline, Satisfaction, and Employee Performance.
This paper investigates the threshold effects of business cycles on earnings quality for the period of 2005 to 2015, using Panel Smooth Transition Regression (PSTR) model as one of the most prominent regime-switching models. For this end, accruals quality and earnings smoothing are used as measures of earnings quality, and sales growth as transition variable. The linearity test results indicate nonlinear relationship among variables under consideration. Moreover, considering one transition function and one threshold parameter, as a two regime model, is sufficient to specification the nonlinear relationship among variables. The results indicate that in the first regime, business cycles have a negative impact on both earnings smoothing and accruals quality, and beyond threshold value, in the second regime, the impact of business cycles is positive. Therefore business cycles have played an important role on the earnings quality.
The purpose of the study was to conduct a comparative cross-country analysis of indicators characterizing the problem of «green» logistics in the framework of sustainable development and to identify the main directions of its solutions for Kazakhstan on the basis of studying the experience of other countries. This problem was considered in relation to transport, as with the development of the economy and the growth of urban transport demand is growing, which entails huge gas emissions to the environment. The analysis revealed the interdependence of the various factors to the transport emissions to different countries of the world. Relation and intensity of factors was estimated by calculating the correlation and analysis of indicators. Based on the analysis and conclusions, the state approach to the implementation of the principles of sustainable development in different countries and Kazakhstan were discussed in this article.
Economics as a science, Marketing. Distribution of products
The purposes of this study are to explore the factors relating to the information systems in an organization, and to explain the degree of adaptability of management accounting with those factors. Also, it is aimed to examine whether management accounting adaptability is a suitable predictor for management accounting effectiveness, or not. In this study, the sample consists of the Iranian companies from all industries. To examine the internal consistency of the constructs, exploratory factor analysis was used; and to examine the assumed relationships between the constructs, a partial least squares modeling was developed. The findings suggested that information system flexibility is a driver of management accounting adaptability, while there was no significant direct relationship between integrated information systems and management accounting adaptability. Further analysis revealed that there was a moderating effect of information system flexibility on the relationship between integrated information systems and management accounting adaptability. The findings also highlighted the importance of shared knowledge, values, and communication between stakeholders and information system in the proposed relationship. Finally, the research findings showed that management accounting adaptability leads to management accounting effectiveness due to systems’ ability in providing relevant information in continuous basis that is consistent with management accounting theory.
The purpose of current paper is to consider the impact of adopting International Financial Reporting Standards on the efficiency of tax systems from the perspective of accounting and tax professionals in South Khorasan. To achieve intended goal in this study, descriptive method with the correlational approach has been used. The sampling method is based on classification and data gathered from a self-made questionnaire (after estimating the reliability and validity). The questionnaire is distributed among accounting professors of the university, members of the Iranian society of CPAs, managers and employees of taxation affairs organization in South Khorasan province. After completing the questionnaire, the statistical coefficients depending on the type of hypotheses (correlation coefficient, independent t-test, ANOVA, multivariate regression analysis) were calculated and analyzed using SPSS software. The results of hypotheses indicate that the use of International Financial Reporting Standards particularly standard No. 12. the income tax has a positive and significant impact to increase the efficiency of tax systems. The results can be used in line with adjusted accounting standards for more accommodating financial reports in terms of alignment with the needs of tax authorities. Therefore, the tax authorities can achieve an efficient tax system.
This research analysis the Madiun City’s financial reporting 2009. The author evaluate the development financial ability in Madiun City. The research object of this study is Madiun City’s Financial Report. The analysis development financial ability region is measured by budget and realize ratio. Finally, the result show that the realization of indirect expenditure in Madiun City is to low, the effects is some of people needed can’t be fullfil by local government.
Keywords: financial reporting, budgeting, realization.
Ceacilia Srimindarti, Pancawati Hardiningsih, Rachmawati Meita Oktaviani
This research aims to examine the effect of locus of control and organizational commitment on auditors’ performance as well as to examine whether auditors’ expertise and turnover intention mediate the effect of locus of control and organizational commitment on auditors’ performance. Samples of this study were auditors who worked at audit firms in Semarang. Samples were selected using the purposive sampling method. The data were analyzed using SEM with AMOS program. This study found that locus of control had a negative effect on auditors’ performance, organizational commitment had a positive effect on auditors’ performance, and auditors’ expertise and turnover intention had no effect on auditors’ performance. Furthermore, locus of control had a negative effect on auditors’ expertise, and organizational commitment had a negative effect on turnover intention. Based on this result, managers of public accounting firm (partners) should provide some trainings to the auditors who had the external locus of control so that they can achieve the standardized performances. They should also confirm the company’s values to the auditor to increase emotional attachment to the company as well as try to comply to the demands of the company thus its performance will be in accordance with company’s expectations.
<p>Tujuan dari penelitian ini adalah untuk menemukan bukti empiris pengaruh implementasi UU Akuntan Publik terhadap minat menjadi akuntan publik. Penelitian dilakukan pada mahasiswa Akuntansi Universitas Negeri Semarang. Sampel dihitung dengan menggunakan rumus Slovin. Sebanyak 150 kuesionair disebarkan kepada responden secara acak (random). Dan terakhir diperoleh kuesionair yang dapat digunakan untuk diteliti sebanyak 70 buah atau dapat dikatakan respon rate sebesar 47%. Selanjutnya data primer yang telah dikumpulkan diolah dan dianalisis menggunakan analisis statistik deskriptif. Sedangkan hipotesis diuji dengan regresi. Hasil penelitian menunjukkan bukti empiris bahwa implementasi UU Akuntan Publik berpengaruh positif terhadap minat menjadi akuntan publik. Namun demikian pengaruh tersebut sangat kecil, hal tersebut ditengarahi oleh pemahaman responden terhadap UU Akuntan Publik yang masih minim.</p><p> </p><p>The purpose of this study was to find empirical evidence of the effect of implementation of the Law on Public Accountants into interests become public accounting. The study was conducted on Accounting students of Semarang State University. Sample size was calculated using the formula Slovin. Furthermore, as many as 150 questionnaire distributed to respondents in random order (random). Questionnaire obtained can be used to study many as 70 pieces or may be a response rate of 47%. Furthermore, primary data was collected were processed and analyzed using statistical analysis descriptive. While the hypothesis was tested by regression. The results showed empirical evidence that implementation of the Public Accounting Act positive influence into interests become public accounting. However, the effect is very small, it is because of the understanding of the respondents to the Public Accounting Act was minimal.</p>
Jurandir Peinado, Cláudia Herrero Martins Menegassi, Bruno Henrique Rocha Fernandes
The case concerns the groundbreaking initiative of an animal lover who, after experiencing numerous embarrassing situations when not being accepted in hotels and public places in the company of a pet, decided to set up a travel agency that would offer a different service: the Dog Tour – tourism on which people can take their dogs, with its own itineraries and hotels that allow pets to stay in a room with their owners. The case presents the whole trajectory of the entrepreneur from the opening of the business to its dissemination strategies without cost and the diversification of products with the same theme. The case has the following educational objectives: 1. to analyze the process of creating a business based on personal needs; 2. to analyze the strategies revealed by the businesswoman; and 3. to provide an analysis of the case based on the mental models of the entrepreneur.
Abstract: Auditor Quality, The Size of Special Related Party Transactions and Management Earnings. This research aims to answers two questions. First, whether related party transaction relate to earnings management? Second, does auditor quality can mitigate earnings management practice? We choose non-financial related party firms as our sample. Those 45 chosen firms were listed from 2007-2009 on ISX. We conduct test based on full samples and split samples. Result show that two out of four related party transactions measures are statistically related to earnings management. Moreover samples audited by bigger accounting firms fail to proven related earnings management. Even though our results are not consistent among different measures of related party transactions, we, however, can conclude that opportunistic managers can take advantage of the transactions complexities.