The 2020 - 2021 pandemic has had an impact on banking activities. The aim of the study was to find out green banking practices carried out by the core capital bank group (KBMI) 3 during the pandemic, including CSR, as well as the health conditions of the banks. The study is based on the theory of Socially Responsible Investment and the concept of bank soundness. The study sample is KBMI 3 banks listed on the IDX. The operational variable is the dependent variable ROA as a measure of profitability. Meanwhile, the independent variables are CAR, BOPO, and NPL as bank health variables, 16 Green Banking indicators and 91 CSR indicators. The data analysis technique uses multiple and simple linear regression methods. The results show that the BOPO variable has a negative effect on bank profitability. Meanwhile, other variables have no effect. Thus, the study results provide findings that during a pandemic, KBMI 3 banks focused on maintaining cost efficiency, one measure of bank health. The research results are in line with the concept of bank soundness. The research contribution is that in the conditions of Covid-19, the KBMI 3 bank supports sustainability but maintains more cost efficiency. Keywords: Green Banking, Corporate Social Responsibility, Specific Condition, Cost Efficiency.
{"title":"Green Banking, Kesehatan Bank dan Profitabilitas dengan Corporate Social Responsibility sebagai Variabel Moderasi","authors":"Corinna Octavia Kweeswara, Judith Felicia Pattiwael Irawan","doi":"10.24843/eja.2023.v33.i04.p07","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p07","url":null,"abstract":"The 2020 - 2021 pandemic has had an impact on banking activities. The aim of the study was to find out green banking practices carried out by the core capital bank group (KBMI) 3 during the pandemic, including CSR, as well as the health conditions of the banks. The study is based on the theory of Socially Responsible Investment and the concept of bank soundness. The study sample is KBMI 3 banks listed on the IDX. The operational variable is the dependent variable ROA as a measure of profitability. Meanwhile, the independent variables are CAR, BOPO, and NPL as bank health variables, 16 Green Banking indicators and 91 CSR indicators. The data analysis technique uses multiple and simple linear regression methods. The results show that the BOPO variable has a negative effect on bank profitability. Meanwhile, other variables have no effect. Thus, the study results provide findings that during a pandemic, KBMI 3 banks focused on maintaining cost efficiency, one measure of bank health. The research results are in line with the concept of bank soundness. The research contribution is that in the conditions of Covid-19, the KBMI 3 bank supports sustainability but maintains more cost efficiency. \u0000Keywords: Green Banking, Corporate Social Responsibility, Specific Condition, Cost Efficiency.","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47167151","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p02
Ida Ayu Gede Weda Satya Bawanti, Komang Ayu Krisnadewi
The research aims to obtain empirical facts regarding the role of decentralization and uncertainty as a moderator of the relationship between the management accounting system (SAM) and managerial performance. The research location is at the BPD Bali sub-branch office. The method of determining the sample in this study was purposive sampling and obtained 74 heads of business and operational sections who were selected to be sampled with the criteria for a minimum of one year's position. Hypothesis testing uses MRA or moderated regression analysis. The results showed that management accounting systems (MAS) did not affect managerial performance, decentralization and environmental uncertainty acted as moderators and did not moderate the effect of MAS on managerial performance. Keywords: Managerial Performance; MAS; Decentralization; Environmental Uncertainty
{"title":"Desentralisasi dan Ketidakpastian Lingkungan sebagai Pemoderasi Pengaruh Sistem Akuntansi Manajemen Terhadap Kinerja Manajerial","authors":"Ida Ayu Gede Weda Satya Bawanti, Komang Ayu Krisnadewi","doi":"10.24843/eja.2023.v33.i04.p02","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p02","url":null,"abstract":"The research aims to obtain empirical facts regarding the role of decentralization and uncertainty as a moderator of the relationship between the management accounting system (SAM) and managerial performance. The research location is at the BPD Bali sub-branch office. The method of determining the sample in this study was purposive sampling and obtained 74 heads of business and operational sections who were selected to be sampled with the criteria for a minimum of one year's position. Hypothesis testing uses MRA or moderated regression analysis. The results showed that management accounting systems (MAS) did not affect managerial performance, decentralization and environmental uncertainty acted as moderators and did not moderate the effect of MAS on managerial performance. \u0000Keywords: Managerial Performance; MAS; Decentralization; Environmental Uncertainty","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48744707","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p16
Nike Febrianti, Putu Agus Ardiana
This study aims to determine the effect of size and age on the performance of equity funds in Indonesia. The theory used in this research is the mutual fund theorem. The research was conducted on conventional and Sharia equity mutual funds registered with OJK for the 2015-2019 period. The data analysis technique used is multiple linear regression analysis. There were 59 equity funds that met the sampling criteria using a purposive sampling method consisting of 47 conventional equity funds and 12 Sharia-based equity funds. The results showed that the size and age of equity funds had no significant effect on their performance. The results of this study are consistent when using a sample of conventional and Islamic stock mutual funds. Keywords: Equity Mutual Funds; Size; Age; Performance; Mutual Fund Theorem
{"title":"Ukuran, Usia dan Kinerja Reksa Dana Saham di Indonesia","authors":"Nike Febrianti, Putu Agus Ardiana","doi":"10.24843/eja.2023.v33.i04.p16","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p16","url":null,"abstract":"This study aims to determine the effect of size and age on the performance of equity funds in Indonesia. The theory used in this research is the mutual fund theorem. The research was conducted on conventional and Sharia equity mutual funds registered with OJK for the 2015-2019 period. The data analysis technique used is multiple linear regression analysis. There were 59 equity funds that met the sampling criteria using a purposive sampling method consisting of 47 conventional equity funds and 12 Sharia-based equity funds. The results showed that the size and age of equity funds had no significant effect on their performance. The results of this study are consistent when using a sample of conventional and Islamic stock mutual funds. \u0000Keywords: Equity Mutual Funds; Size; Age; Performance; Mutual Fund Theorem","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47986019","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p03
E. Santoso, Basuki Basuki, Isnalita Isnalita
This study aims to examine the effect of standardized social responsibility disclosure on earnings management and the role of management credibility in this relationship. The research sample is a company going public in the non-financial sector on the Indonesia Stock Exchange that has disclosed GRI-based social responsibility for the 2013-2019 period. The analysis technique used in this study is moderated regression analysis (MRA). The results of the study found that disclosure of social responsibility has a negative effect on earnings management and management credibility strengthens this relationship. The results of the study indicate that companies that put more effort into disclosing their social responsibility through standardized disclosures will reduce earnings management practices and this is reinforced by the existence of a credible management team. The novelty of this study lies in the use of a comprehensive index in measuring social responsibility disclosure which is a combination of aspects of accountability and performance, as well as the formulation of management credibility measurements. Keywords: Corporate Social Responsibility; Earnings Management; Management Credibility
{"title":"Pengungkapan Tanggung Jawab Sosial Terstandarisasi, Kredibilitas Manajemen, dan Manajemen Laba","authors":"E. Santoso, Basuki Basuki, Isnalita Isnalita","doi":"10.24843/eja.2023.v33.i04.p03","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p03","url":null,"abstract":"This study aims to examine the effect of standardized social responsibility disclosure on earnings management and the role of management credibility in this relationship. The research sample is a company going public in the non-financial sector on the Indonesia Stock Exchange that has disclosed GRI-based social responsibility for the 2013-2019 period. The analysis technique used in this study is moderated regression analysis (MRA). The results of the study found that disclosure of social responsibility has a negative effect on earnings management and management credibility strengthens this relationship. The results of the study indicate that companies that put more effort into disclosing their social responsibility through standardized disclosures will reduce earnings management practices and this is reinforced by the existence of a credible management team. The novelty of this study lies in the use of a comprehensive index in measuring social responsibility disclosure which is a combination of aspects of accountability and performance, as well as the formulation of management credibility measurements. \u0000Keywords: Corporate Social Responsibility; Earnings Management; Management Credibility \u0000","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44818596","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p12
I. Putra, Ni Gusti Putu Wirawati
This study aims to examine the effect of the use of information technology, professionalism and work experience on auditor performance. This research was conducted at the Bali Province Public Accounting Firm (KAP). The number of samples is 52 people, with the method of determining the sample in this study using a purposive sampling technique. Data collection through survey methods with questionnaire techniques. The data analysis technique used is multiple linear regression analysis. Based on the results of the analysis, it was found that the use of information technology, professionalism and experience had a positive effect on auditor performance. This proves that auditor performance is influenced by the use of information technology, professionalism and experience which are very important for every auditor to have. Keywords: Utilization Of Information Technology; Professionalism; Experience; Auditor Performance
{"title":"Pemanfaatan Teknologi Informasi, Profesionalisme, Pengalaman Kerja dan Kinerja Auditor","authors":"I. Putra, Ni Gusti Putu Wirawati","doi":"10.24843/eja.2023.v33.i04.p12","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p12","url":null,"abstract":"This study aims to examine the effect of the use of information technology, professionalism and work experience on auditor performance. This research was conducted at the Bali Province Public Accounting Firm (KAP). The number of samples is 52 people, with the method of determining the sample in this study using a purposive sampling technique. Data collection through survey methods with questionnaire techniques. The data analysis technique used is multiple linear regression analysis. Based on the results of the analysis, it was found that the use of information technology, professionalism and experience had a positive effect on auditor performance. This proves that auditor performance is influenced by the use of information technology, professionalism and experience which are very important for every auditor to have. \u0000Keywords: Utilization Of Information Technology; Professionalism; Experience; Auditor Performance","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43661691","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p18
Ni Made Dwi Pratiwi Sura, Ni Ketut Rasmini
The research aims to test empirically the effect of implementing the e-billing system, tax sanctions and service quality on tax compliance in the Covid-19 pandemic era. The study uses the Theory of Planned Behavior and Attribution Theory, with a population of 140,595 registered taxpayers at the East Denpasar Pratama Tax Office with a total sample of 100 respondents obtained by the slovin formula. The sample collection method uses a non-probability sampling method with a purposive sampling technique. The data collection method uses a questionnaire with multiple linear regression data analysis techniques. The results showed that the implementation of the e-billing system, tax sanctions and service quality had a significant positive effect on taxpayer compliance in the Covid-19 pandemic era. Keywords: E-Billing System; Tax Sactions; Quality of Tax Service; Taxpayer Compliance
{"title":"E-Billing System, Sanksi Perpajakan, Kualitas Pelayanan dan Kepatuhan Wajib Pajak Era Pandemi Covid-19","authors":"Ni Made Dwi Pratiwi Sura, Ni Ketut Rasmini","doi":"10.24843/eja.2023.v33.i04.p18","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p18","url":null,"abstract":"The research aims to test empirically the effect of implementing the e-billing system, tax sanctions and service quality on tax compliance in the Covid-19 pandemic era. The study uses the Theory of Planned Behavior and Attribution Theory, with a population of 140,595 registered taxpayers at the East Denpasar Pratama Tax Office with a total sample of 100 respondents obtained by the slovin formula. The sample collection method uses a non-probability sampling method with a purposive sampling technique. The data collection method uses a questionnaire with multiple linear regression data analysis techniques. The results showed that the implementation of the e-billing system, tax sanctions and service quality had a significant positive effect on taxpayer compliance in the Covid-19 pandemic era. \u0000Keywords: E-Billing System; Tax Sactions; Quality of Tax Service; Taxpayer Compliance","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44254841","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p04
Gede Made Ananda Cipta Nugraha, D. Wirama
Stock returns are the results obtained by investors from investment activities and rewards for their courage in taking the risk of investing in stocks in the capital market. The research objective is to determine the effect of exchange rates and inflation on stock returns with the type of industry as a moderating variable. The research was conducted in all companies listed on the Indonesia Stock Exchange during the 2016-2020 period. The number of samples taken was 226 companies using proportionate stratified random sampling technique. The analysis technique used is moderation regression analysis. The results showed that the exchange rate and inflation had a negative effect on stock returns. The impact of the weakening exchange rate and rising inflation on stock returns is stronger in the financial industry. Keywords: Exchange Rate; Inflation; Stock Return; Industry Type
{"title":"Nilai Tukar, Inflasi dan Return Saham dengan Jenis Industri sebagai Variabel Pemoderasi","authors":"Gede Made Ananda Cipta Nugraha, D. Wirama","doi":"10.24843/eja.2023.v33.i04.p04","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p04","url":null,"abstract":"Stock returns are the results obtained by investors from investment activities and rewards for their courage in taking the risk of investing in stocks in the capital market. The research objective is to determine the effect of exchange rates and inflation on stock returns with the type of industry as a moderating variable. The research was conducted in all companies listed on the Indonesia Stock Exchange during the 2016-2020 period. The number of samples taken was 226 companies using proportionate stratified random sampling technique. The analysis technique used is moderation regression analysis. The results showed that the exchange rate and inflation had a negative effect on stock returns. The impact of the weakening exchange rate and rising inflation on stock returns is stronger in the financial industry. \u0000Keywords: Exchange Rate; Inflation; Stock Return; Industry Type","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43784517","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p01
Nyimas Belinda Thania Setiadi, Desti Sri Widaningsih, Winda Erlita, Atika Jauharia Hatta Hambali
Tax avoidance will result in reduced state revenues which can hinder national development. This study aims to determine the effect of foreign directors and company size on tax avoidance with female directors as a moderating variable. The nature of women who prefer to avoid risks and comply with regulations can influence decision making related to company policies. The research sample was obtained from the annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the period 2015 - 2019 totaling 172 companies. The sampling technique was carried out by purposive sampling. By using panel data regression and moderated regression analysis, the result is that foreign directors have a negative effect on tax evasion, while firm size has a positive effect on tax evasion. In addition, female directors are not proven to be able to strengthen the influence of foreign directors and weaken the effect of company size on tax evasion. Thus, the number of female directors does not influence the decision to avoid tax. Keywords: Foreign Directors; Firm Size; Female Directors; Tax Avoidance
{"title":"Direksi Asing, Ukuran Perusahaan dan Penghindaran Pajak dengan Direktur Wanita Sebagai Variabel Pemoderasi","authors":"Nyimas Belinda Thania Setiadi, Desti Sri Widaningsih, Winda Erlita, Atika Jauharia Hatta Hambali","doi":"10.24843/eja.2023.v33.i04.p01","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p01","url":null,"abstract":"Tax avoidance will result in reduced state revenues which can hinder national development. This study aims to determine the effect of foreign directors and company size on tax avoidance with female directors as a moderating variable. The nature of women who prefer to avoid risks and comply with regulations can influence decision making related to company policies. The research sample was obtained from the annual reports of manufacturing companies listed on the Indonesia Stock Exchange for the period 2015 - 2019 totaling 172 companies. The sampling technique was carried out by purposive sampling. By using panel data regression and moderated regression analysis, the result is that foreign directors have a negative effect on tax evasion, while firm size has a positive effect on tax evasion. In addition, female directors are not proven to be able to strengthen the influence of foreign directors and weaken the effect of company size on tax evasion. Thus, the number of female directors does not influence the decision to avoid tax. \u0000Keywords: Foreign Directors; Firm Size; Female Directors; Tax Avoidance","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46040376","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-04-30DOI: 10.24843/eja.2023.v33.i04.p19
Cokorda Krisna Yudha, I. Putra
This study aims to determine the impact of electronic systems on taxpayer compliance with orbit control as a parameter. The research sample collection method uses a non-probabilistic sampling method, namely random sampling. The data collection method is distributing questionnaires to 100 taxpayers. The Partial Last Square (PLS) model is the technique used in this study. The results showed that the E-system had a positive and significant effect on Locus of Control, Locus of Control had a positive and significant effect on taxpayer compliance, the E-system had a positive and significant effect on taxpayer compliance. Research also shows that the Locus of Control is able to mediate the influence of the E-system on taxpayer compliance. Keywords: Taxation E-System; Taxpayer Compliance; Locus of Control
{"title":"E-System Perpajakan pada Kepatuhan Wajib Pajak Dimediasi oleh Variabel Locus of Control","authors":"Cokorda Krisna Yudha, I. Putra","doi":"10.24843/eja.2023.v33.i04.p19","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i04.p19","url":null,"abstract":"This study aims to determine the impact of electronic systems on taxpayer compliance with orbit control as a parameter. The research sample collection method uses a non-probabilistic sampling method, namely random sampling. The data collection method is distributing questionnaires to 100 taxpayers. The Partial Last Square (PLS) model is the technique used in this study. The results showed that the E-system had a positive and significant effect on Locus of Control, Locus of Control had a positive and significant effect on taxpayer compliance, the E-system had a positive and significant effect on taxpayer compliance. Research also shows that the Locus of Control is able to mediate the influence of the E-system on taxpayer compliance. \u0000Keywords: Taxation E-System; Taxpayer Compliance; Locus of Control","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45288158","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-03-26DOI: 10.24843/eja.2023.v33.i03.p07
Crescentiano Agung Wicaksono
The war that occurred between Russia and Ukraine had an impact on the world, especially related to security, defense and economic stability. This study aims to see the reaction of investors to Vladimir Putin's declaration regarding a special military operation in Ukraine on 24 February 2022. The research was conducted with 17 samples of plantation sector companies listed on the Indonesian Stock Exchange and using 31 days of observation. The research hypothesis was tested by conducting different tests on stock price and gold variables, as well as stock transaction volume using the Wilcoxon Signed Ranks Test. The results showed that there were differences in stock and gold prices before and after Vladimir Putin's declaration on special military operations in Ukraine, while there were no significant differences in the volume of stock transactions. This happens because investors want to secure their assets in stocks by diverting them to safe heaven instruments, one of which is gold. Keywords: Investor Reaction; Vladimir Putin; Gold Price; Stock Price
{"title":"Reaksi Investor Sebelum dan Sesudah Deklarasi Vladimir Putin Tentang Operasi Militer Khusus di Ukraina","authors":"Crescentiano Agung Wicaksono","doi":"10.24843/eja.2023.v33.i03.p07","DOIUrl":"https://doi.org/10.24843/eja.2023.v33.i03.p07","url":null,"abstract":"The war that occurred between Russia and Ukraine had an impact on the world, especially related to security, defense and economic stability. This study aims to see the reaction of investors to Vladimir Putin's declaration regarding a special military operation in Ukraine on 24 February 2022. The research was conducted with 17 samples of plantation sector companies listed on the Indonesian Stock Exchange and using 31 days of observation. The research hypothesis was tested by conducting different tests on stock price and gold variables, as well as stock transaction volume using the Wilcoxon Signed Ranks Test. The results showed that there were differences in stock and gold prices before and after Vladimir Putin's declaration on special military operations in Ukraine, while there were no significant differences in the volume of stock transactions. This happens because investors want to secure their assets in stocks by diverting them to safe heaven instruments, one of which is gold. \u0000Keywords: Investor Reaction; Vladimir Putin; Gold Price; Stock Price","PeriodicalId":31177,"journal":{"name":"EJurnal Akuntansi","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-03-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43612592","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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