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Journal of Governance and Integrity最新文献

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SUSTAINABILITY REPORT AND FIRM PERFORMANCE: STUDY IN MINING AND METAL AND FOOD PROCESSING INDUSTRY INDONESIA STOCK EXCHANGE 2014-2017 可持续发展报告与公司绩效:2014-2017年印尼证券交易所矿业、金属和食品加工业研究
Pub Date : 2018-11-12 DOI: 10.15282/jgi.2.1.2018.5533
Tri Gunarsih, Yuni Ismawati
The aim of this study is to give empirical evidence about the effect of three disclosure dimensions of Sustainability Reporting (SR) to firm performance using ROA and Tobin’s Q. The three dimensions of SR consist of economic dimension, environmental dimension, and social dimension. The argument of the relationship between SR and companies' performance in this study is developed base on good management theories that argue that there is a high correlation between good management practice and Corporate Social Performance (CSP), then there will be a positive impact of SR on the company’s performance. The sample of this study comprises of 60 listed companies in IDX in 2014-2017, in mining and metal and food processing industries. The sampling method is purposive sampling.  The results show two dimensions of SR (economic dimension and social dimension) has an impact on market value (Tobin’s Q) but not on book value (ROA).
本研究的目的是利用ROA和Tobin’s q为可持续发展报告的三个披露维度对企业绩效的影响提供实证证据。可持续发展报告的三个披露维度包括经济维度、环境维度和社会维度。本研究中关于社会责任与公司绩效之间关系的论点是基于良好的管理理论,该理论认为良好的管理实践与企业社会绩效(CSP)之间存在高度相关性,那么社会责任对公司绩效将产生积极影响。本研究的样本包括2014-2017年IDX的60家上市公司,涉及采矿和金属以及食品加工行业。抽样方法为目的抽样。结果表明,社会责任的两个维度(经济维度和社会维度)对市场价值(托宾Q)有影响,但对账面价值(ROA)没有影响。
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引用次数: 12
ROLE OF ISLAMIC ETHICS TOWARDS ETHICAL ACCOUNTING PRACTICE 伊斯兰伦理对会计伦理实践的作用
Pub Date : 2018-10-16 DOI: 10.15282/jgi.2.1.2018.5535
Ika Sari Wahyuni-TD, Yudi Fernando, Evi Hasnita
The objective of this paper is to understand the role of Islamic ethics and its application towards a more ethical accounting practice. This paper has reviewed the literature on Islamic ethics and ethical accounting practice and found that four critical domains of Islamic ethics such as 1) accounting education; 2) principle of Islamic ethics; 3) code of ethics for accountants and 4) application of Islamic ethics for accountants. This study concludes that an Islamic guideline for accountants is a driver of ethical behaviour to comply with Islamic principles. It is highly needed in the current turbulence business environment and competitors’ pressure. The Muslim accountant can use Islamic ethics as a reference to ensure the excellent audit work to comply with Shari’ah requirements and to provide the required information demanded by society such as by doing khayr (goodness), birr (righteousness), ‘adl (equilibrium and justice), trust (Amanah), benevolence (Ihsaan) and others. The understanding and application of Islamic ethics contribute to a more ethical accounting practice.
本文的目的是了解伊斯兰伦理的作用及其对更道德的会计实践的应用。本文回顾了伊斯兰伦理和伦理会计实践的文献,发现伊斯兰伦理的四个关键领域,如1)会计教育;2)伊斯兰伦理原则;3)会计道德准则和4)伊斯兰会计道德的应用。本研究的结论是,伊斯兰会计准则是遵循伊斯兰原则的道德行为的驱动力。在当前动荡的商业环境和竞争对手的压力下,这是非常需要的。穆斯林会计师可以借鉴伊斯兰伦理,以确保优秀的审计工作符合伊斯兰教法的要求,并提供社会所需的信息,如做khayr(善良),birr(正义),' adl(平衡和正义),trust (Amanah),仁(Ihsaan)等。伊斯兰伦理的理解和应用有助于会计实践更加道德。
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引用次数: 6
HUMANISE CORPORATE GOVERNORS – ERADICATING ACCOUNTING FRAUD BY AUGMENTING ETHICAL SENSITIVITY AND RELIGIOSITY IN ACCOUNTING EDUCATION 使公司董事人性化——通过增加会计教育中的道德敏感性和宗教信仰来消除会计欺诈
Pub Date : 2018-08-02 DOI: 10.15282/jgi.2.1.2018.5537
J. Singh, M. Hanefah, Kamaljeet Kaur
The purpose of this paper is to review behavioural accounting and the relationship between ethical sensitivity and religiosity to influence the behaviour of accountants when faced with ethical dilemmas. The research problem is that accounting fraud is on the rise and alternative measures must be looked into to restraint this issue. Rather than focusing only on greater transparency and more stringent control through improving and introducing new rules and regulations, ethical reasoning should also be addressed seriously, with emphasis on ethical sensitivity and religiosity to assist individuals to justify their actions. As a conceptual paper, the design of this study is an endeavour in-depth literature review of the supporting areas of concern in behavioural accounting to discuss the relationship between ethical sensitivity and religiosity. This study finds that accounting ethics education intervention at the tertiary level may possibly be the solution to eliminate or reduce accounting fraud by educating the future accounting practitioners so that they are prepared when faced by ethical dilemma and to be more exposed to ethical dilemma as part of the curriculum to tackle ethical issues appropriately. The implication of this study is that by establishing the link between ethical sensitivity and religiosity and applying effective accounting ethics teaching methods at tertiary level to inculcate ethical sensitivity via religiosity will solve unethical accounting practices. A collaboration between the institutes of higher learning and the Ministry of Education can devise a plan to induce the appreciation of relevant religious tenets related to ethical behaviour to be embedded with accounting ethics for accounting students.
本文的目的是回顾行为会计和道德敏感性和宗教信仰之间的关系,以影响会计人员在面临道德困境时的行为。研究的问题是,会计舞弊呈上升趋势,必须寻找替代措施来抑制这一问题。不应只注重通过改进和采用新的规则和条例来提高透明度和更严格的控制,还应认真对待道德推理,强调道德敏感性和宗教性,以帮助个人为其行为辩护。作为一篇概念性论文,本研究的设计是对行为会计中关注的支持领域进行深入的文献回顾,以讨论伦理敏感性与宗教信仰之间的关系。本研究发现,在高等教育阶段进行会计伦理教育干预可能是消除或减少会计舞弊的解决方案,通过教育未来的会计从业人员,使他们在面对道德困境时做好准备,并更多地接触道德困境,作为课程的一部分,适当地解决道德问题。本研究的意义在于,通过建立伦理敏感性与宗教信仰之间的联系,并在高等教育中应用有效的会计伦理教学方法,通过宗教信仰灌输伦理敏感性,将解决不道德的会计行为。高等院校和教育部之间的合作可以制定一项计划,促使会计专业学生了解与道德行为有关的相关宗教信条,并将其融入会计伦理。
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引用次数: 1
VALUE DRIVERS OF PRICE-EARNINGS MULTIPLES OF UNIVERSAL BANKS IN THE PHILIPPINES: A PANEL REGRESSION APPROACH 菲律宾全能银行市盈率的价值驱动因素:面板回归方法
Pub Date : 1900-01-01 DOI: 10.15282/jgi.2.2.2019.5463
A. Dayag, Fernando L. Trinidad
Valuation using P/E multiples has been done mostly in developed countries and some   developing countries including the Philippines. However, variables that impact sound P/E multiples valuation has yet to be determined. The purpose of the study is to develop a valuation model using P/E multiples by using variables that will lead to sound valuation of firms. The application would be in the banking sector, specifically universal banks since these institutions are significant economic drivers in the Philippines. Utilizing data from the top ten [10] universal banks in the Philippines in terms of assets and capitalization from 2010 to 2017, selected macroeconomic variables, stock market index, and firm-specific variables were used in the proposed valuation model using panel data regression analysis. These variables are GDP growth rate, inflation rate, interest rate, return on equity [ROE], ROE growth rate, net income growth rate, earnings per share [EPS] growth rate, dividend payout ratio, Philippine Stock Exchange [PSE] index, and price-to-book [P/B] value ratio. Panel regression results showed that among the independent variables, ROE, EPS growth rate, P/B ratio, net income growth rate, and PSE index are statistically significant. Among the significant variables, ROE reduces P/E ratio by 51 times. This implies that an increasing ROE reduces the price per stock investors are willing to pay. Goodness of fit [R2] of the model is 74.83%, which is relatively good
利用市盈率倍数进行估值主要是在发达国家和包括菲律宾在内的一些发展中国家。然而,影响合理市盈率估值的变量尚未确定。本研究的目的是通过使用变量来开发一个使用市盈率倍数的估值模型,这将导致公司的合理估值。该应用将在银行业,特别是全能银行,因为这些机构是菲律宾重要的经济驱动力。利用2010 - 2017年菲律宾十大全能银行[10]的资产和资本化数据,采用面板数据回归分析方法,选取宏观经济变量、股票市场指数和公司特定变量,建立估值模型。这些变量分别是GDP增长率、通货膨胀率、利率、股本回报率(ROE)、ROE增长率、净收入增长率、每股收益(EPS)增长率、派息率、菲律宾证券交易所(PSE)指数和市净率(P/B)价值比。面板回归结果显示,自变量中ROE、EPS增长率、P/B比率、净收入增长率、PSE指数具有统计学意义。在显著变量中,ROE降低了51倍的市盈率。这意味着ROE的增加会降低投资者愿意支付的每股价格。模型的拟合优度[R2]为74.83%,较好
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引用次数: 0
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Journal of Governance and Integrity
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