Muhammad Rijaluddin Mohamad Zain, Sharina Tajul Urus, T. Trinh, Sharifah Milda Amirul, Tuan Zainun Tuan Mat
The fourth industrial revolution (IR4.0) has unfurled its wings over all industries, and its positive impact on the modern global economy has already emerged significantly. The need for a real-time, integrated information environment to enhance business operations has motivated companies to employ enterprise resource planning (ERP) systems. Once implemented, the organization's attention has shifted to the most efficient deployment of the ERP post-system usage. User acceptance of the ERP system during the post-implementation phase could determine the overall system's success or failure since the system benefits reside in the exploitation of the integration capabilities. This study aimed to investigate the determinants of user acceptance of post-ERP system usage in Malaysian organizations by adopting the UTAUT model. The five identified factors comprised of performance expectancy, effort expectancy, social influence, facilitating conditions, and behavioural intention. The result suggests that these five factors have a significant positive influence on ERP acceptance among Malaysian ERP users. From a theoretical point of view, the findings open new doors of opportunities by providing new insights into the user's acceptance of ERP in the Malaysian environment. The practical contribution includes recommendations provided to organizations to emphasize the specific factors that increase the effectiveness of the ERP post-implementation phase. Keywords: enterprise resource planning, ERP acceptance, UTAUT, Post-Implementation, Malaysia
{"title":"ERP Post-Implementation Phase: Deployment of the Unified Theory of Acceptance and Use of Technology (UTAUT) Model on User Acceptance","authors":"Muhammad Rijaluddin Mohamad Zain, Sharina Tajul Urus, T. Trinh, Sharifah Milda Amirul, Tuan Zainun Tuan Mat","doi":"10.24191/apmaj.v18i1-05","DOIUrl":"https://doi.org/10.24191/apmaj.v18i1-05","url":null,"abstract":"The fourth industrial revolution (IR4.0) has unfurled its wings over all industries, and its positive impact on the modern global economy has already emerged significantly. The need for a real-time, integrated information environment to enhance business operations has motivated companies to employ enterprise resource planning (ERP) systems. Once implemented, the organization's attention has shifted to the most efficient deployment of the ERP post-system usage. User acceptance of the ERP system during the post-implementation phase could determine the overall system's success or failure since the system benefits reside in the exploitation of the integration capabilities. This study aimed to investigate the determinants of user acceptance of post-ERP system usage in Malaysian organizations by adopting the UTAUT model. The five identified factors comprised of performance expectancy, effort expectancy, social influence, facilitating conditions, and behavioural intention. The result suggests that these five factors have a significant positive influence on ERP acceptance among Malaysian ERP users. From a theoretical point of view, the findings open new doors of opportunities by providing new insights into the user's acceptance of ERP in the Malaysian environment. The practical contribution includes recommendations provided to organizations to emphasize the specific factors that increase the effectiveness of the ERP post-implementation phase. Keywords: enterprise resource planning, ERP acceptance, UTAUT, Post-Implementation, Malaysia","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69184169","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}
Liyana Syafini Jumaah, N. Bahrudin, Ruhaini Muda, Zahariah Sahudin, Hasni Abdullah
Whilst regional participation across ASEAN induces the liberalization of trade and investment, as well as other forms of economic cooperation, the quality of governance plays a crucial role as it is a key component of sustainability. This study aimed to examine how governance quality factors influenced stock market performance. This study applied the Panel Least Square (PLS) and Panel Cointegration Full-Modified Ordinary Least Squares (FMOLS) estimations to gauge how quality governance factors impact an integrated ASEAN stock market in the long run. This study utilized data from the ASEAN Exchanges covering the period 2002 to 2020. The findings demonstrated the significant positive influence of voice and accountability, as well as political stability and the lack of violence; meanwhile, rule of law negatively affects the stock market performance. The study also identified a long-term relationship between governance quality and stock market performance. This implies that higher-quality governance improves the stock market performance in an integrated market. Keywords: governance quality, stock market performance, ASEAN exchanges
{"title":"The Influence of Governance Quality Factors on Stock Market Performance in ASEAN","authors":"Liyana Syafini Jumaah, N. Bahrudin, Ruhaini Muda, Zahariah Sahudin, Hasni Abdullah","doi":"10.24191/apmaj.v18i1-03","DOIUrl":"https://doi.org/10.24191/apmaj.v18i1-03","url":null,"abstract":"Whilst regional participation across ASEAN induces the liberalization of trade and investment, as well as other forms of economic cooperation, the quality of governance plays a crucial role as it is a key component of sustainability. This study aimed to examine how governance quality factors influenced stock market performance. This study applied the Panel Least Square (PLS) and Panel Cointegration Full-Modified Ordinary Least Squares (FMOLS) estimations to gauge how quality governance factors impact an integrated ASEAN stock market in the long run. This study utilized data from the ASEAN Exchanges covering the period 2002 to 2020. The findings demonstrated the significant positive influence of voice and accountability, as well as political stability and the lack of violence; meanwhile, rule of law negatively affects the stock market performance. The study also identified a long-term relationship between governance quality and stock market performance. This implies that higher-quality governance improves the stock market performance in an integrated market. Keywords: governance quality, stock market performance, ASEAN exchanges","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47128156","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}
L. Nofianti, A. Irfan, N. B. Zakaria, J. Julina, Diana Eravia, R. B. Ningsih
This research developed the Islamic governance model for assessing sharia banking performance management. This research engaged with mixed methods by combining a positive or quantitative paradigm approach and an interpretive paradigm. The quantitative approach was carried out using Factor Analysis with Structural Equation Modeling. Data collection was executed using the observation technique, three in-depth interviews, documentation in building the sharia governance model, and questionnaires distributed to respondents to measure more dominant indicators in building the sharia governance model. The result of the analysis scores demonstrated that the moral and integrity variable exhibited the best goodness of fit model. It was followed by independence and responsible freedom; continuous improvements; honesty; positive thinking; balance, transparency and openness; belief and faith; accountability; professionalism; spirit; management; fulfilment of trust; intelligence; leadership; and justice. Keywords: Islamic governance, Islamic banking, performance
{"title":"Islamic Governance for Managing Banking Performance Assessment","authors":"L. Nofianti, A. Irfan, N. B. Zakaria, J. Julina, Diana Eravia, R. B. Ningsih","doi":"10.24191/apmaj.v17i3-02","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-02","url":null,"abstract":"This research developed the Islamic governance model for assessing sharia banking performance management. This research engaged with mixed methods by combining a positive or quantitative paradigm approach and an interpretive paradigm. The quantitative approach was carried out using Factor Analysis with Structural Equation Modeling. Data collection was executed using the observation technique, three in-depth interviews, documentation in building the sharia governance model, and questionnaires distributed to respondents to measure more dominant indicators in building the sharia governance model. The result of the analysis scores demonstrated that the moral and integrity variable exhibited the best goodness of fit model. It was followed by independence and responsible freedom; continuous improvements; honesty; positive thinking; balance, transparency and openness; belief and faith; accountability; professionalism; spirit; management; fulfilment of trust; intelligence; leadership; and justice. Keywords: Islamic governance, Islamic banking, performance","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44924175","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}
R. Wardhani, Duwi Agustina, Kasifa Indarwati, M. Ridwan, N. Hasanuh
This research aimed to analyze how good corporate governance and sustainability reporting affected company value. The study sample were are all the mining companies listed in the ASEAN Stock Exchange from 2018-2020 with a total sample of 120 companies. Secondary data was collected from annual reports and sustainability reports of companies listed on the Indonesian Stock Exchange, Bursa Malaysia, Singapore Exchange, Philippines Stock Exchange, and Thailand Stock Exchange. This study used the regression panel of the common effects model for data analysis. The findings showed that sustainability reporting had a positive effect on company value, effective and corporate governance had no impact on company value. The two independent variables (sustainability reporting and good corporate governance) significantly affected company value of mining companies listed on the ASEAN Stock Exchange from 2018 to 2020. Keywords: sustainability reporting, good corporate governance, companies value
{"title":"The Influence of Sustainable Reporting and Corporate Governance on Value of Mining Companies Listed on the ASEAN Stock Exchange","authors":"R. Wardhani, Duwi Agustina, Kasifa Indarwati, M. Ridwan, N. Hasanuh","doi":"10.24191/apmaj.v17i3-05","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-05","url":null,"abstract":"This research aimed to analyze how good corporate governance and sustainability reporting affected company value. The study sample were are all the mining companies listed in the ASEAN Stock Exchange from 2018-2020 with a total sample of 120 companies. Secondary data was collected from annual reports and sustainability reports of companies listed on the Indonesian Stock Exchange, Bursa Malaysia, Singapore Exchange, Philippines Stock Exchange, and Thailand Stock Exchange. This study used the regression panel of the common effects model for data analysis. The findings showed that sustainability reporting had a positive effect on company value, effective and corporate governance had no impact on company value. The two independent variables (sustainability reporting and good corporate governance) significantly affected company value of mining companies listed on the ASEAN Stock Exchange from 2018 to 2020. Keywords: sustainability reporting, good corporate governance, companies value","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47551323","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}
Muhamad Khalil Omar, Yusri Hazrol Yusoff, Zahira Abdul Rahman
Various studies conducted on business sustainability have shown that organisations need to become ambidextrous in order to sustain in rapidly changing environments. A number of studies have investigated on numerous organisational ambidexterity antecedents and outcomes. However, very few studies have focused at the employee level. Therefore, the purpose of this study was to identify the variables that determine engagement and ambidexterity among engineers in the SMEs context which were predicted to be determined by person-job fit, person-team fit, and person-organisation fit. The samples were obtained from 106 graduate engineers working in SMEs Engineering Consulting Firms. Covariance-Based Structural Equation Modeling (CB-SEM) was used to test the direct and indirect effects of the variables using the Analysis of Momentum Structures (AMOS). Results indicated that only person-job fit influenced employees’ engagement, employees’ engagement influenced employees’ ambidexterity, and employees’ engagement mediated the relationship between person-job fit and employees’ ambidexterity. In summary, the findings of this study could be applied in SMEs for developing and implementing organizational strategies to improve the level of employees’ engagement and employees’ ambidexterity by focusing on person-job fit, person- team fit, and person- organisation fit. Keywords: employees’ engagement, employees’ ambidexterity, engineering
{"title":"A Study on the Determinants of Engagement and Ambidexterity Among Engineers in SMEs Engineering Consulting Firms","authors":"Muhamad Khalil Omar, Yusri Hazrol Yusoff, Zahira Abdul Rahman","doi":"10.24191/apmaj.v17i3-03","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-03","url":null,"abstract":"Various studies conducted on business sustainability have shown that organisations need to become ambidextrous in order to sustain in rapidly changing environments. A number of studies have investigated on numerous organisational ambidexterity antecedents and outcomes. However, very few studies have focused at the employee level. Therefore, the purpose of this study was to identify the variables that determine engagement and ambidexterity among engineers in the SMEs context which were predicted to be determined by person-job fit, person-team fit, and person-organisation fit. The samples were obtained from 106 graduate engineers working in SMEs Engineering Consulting Firms. Covariance-Based Structural Equation Modeling (CB-SEM) was used to test the direct and indirect effects of the variables using the Analysis of Momentum Structures (AMOS). Results indicated that only person-job fit influenced employees’ engagement, employees’ engagement influenced employees’ ambidexterity, and employees’ engagement mediated the relationship between person-job fit and employees’ ambidexterity. In summary, the findings of this study could be applied in SMEs for developing and implementing organizational strategies to improve the level of employees’ engagement and employees’ ambidexterity by focusing on person-job fit, person- team fit, and person- organisation fit. Keywords: employees’ engagement, employees’ ambidexterity, engineering","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47353570","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}
Fazlida Mohd Razali, Azleen Ilias, R. Johari, Sutthi Suntharanurak, Norizelini Ibrahim Acis
Effective from December 2016, the Malaysian external auditor is required under the revision of the International Standard on Auditing (ISA) to give comments on Key Audit Matters (KAM) in the audit client’s financial statement which indirectly increases the relevancy of ISA 610 “Using the Work of Internal Auditor”. This study aimed to explore the impact of two main aspects under ISA 610 namely “external auditor engagement quality (EX_QUAL)” and “external auditor reliance (EX_RELY)” on internal auditor’s risk judgment performance. The survey of 274 internal auditors in the Malaysian public and private sector found that internal auditors who experienced high EX_QUAL outperform risk judgment as a result of awareness that the judgment made must be reflective of their own competency, independence, work performance and due care. Unfortunately, internal auditors who experienced high EX_RELY did not perform as expected since internal auditor’s anxieties on the bad consequences of full disclosure risk faced by the company. EX_QUAL could be one of monitoring mechanism to improve internal audit’s risk judgment. Furthermore, mitigating action, such as external auditor involvement in internal audit annual risk assessment plan could deter internal auditor bias and increase objectivity, and thus induce a positive impact of EX_RELY on internal auditor’s risk judgment performance. Keywords: risk judgment, performance, reliance, internal auditor, external auditor
{"title":"Malaysian Internal Auditor’s Risk Judgment Performance: Examining the Impact of ISA 610 “Using the Work of the Internal Auditor”","authors":"Fazlida Mohd Razali, Azleen Ilias, R. Johari, Sutthi Suntharanurak, Norizelini Ibrahim Acis","doi":"10.24191/apmaj.v17i3-07","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-07","url":null,"abstract":"Effective from December 2016, the Malaysian external auditor is required under the revision of the International Standard on Auditing (ISA) to give comments on Key Audit Matters (KAM) in the audit client’s financial statement which indirectly increases the relevancy of ISA 610 “Using the Work of Internal Auditor”. This study aimed to explore the impact of two main aspects under ISA 610 namely “external auditor engagement quality (EX_QUAL)” and “external auditor reliance (EX_RELY)” on internal auditor’s risk judgment performance. The survey of 274 internal auditors in the Malaysian public and private sector found that internal auditors who experienced high EX_QUAL outperform risk judgment as a result of awareness that the judgment made must be reflective of their own competency, independence, work performance and due care. Unfortunately, internal auditors who experienced high EX_RELY did not perform as expected since internal auditor’s anxieties on the bad consequences of full disclosure risk faced by the company. EX_QUAL could be one of monitoring mechanism to improve internal audit’s risk judgment. Furthermore, mitigating action, such as external auditor involvement in internal audit annual risk assessment plan could deter internal auditor bias and increase objectivity, and thus induce a positive impact of EX_RELY on internal auditor’s risk judgment performance. Keywords: risk judgment, performance, reliance, internal auditor, external auditor","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47214110","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}
This study empirically proves that standard policies concerning the format of presenting income statements are in the form of additional information. This is particularly relevant to the reclassification of other comprehensive income and profit attribution in increasing transparency and reducing asymmetry information. This study investigated the effect of reclassified items concerning other comprehensive income and net income attributable to owners on earnings management and the quality of earnings. The attribution of earnings to owners was found to have a negative effect on earnings management, along with a positive effect on earnings quality as measured by the earnings response coefficient net and comprehensive income. It was also shown that earnings management does not mediate the effect to earnings quality. Accordingly, this means that the market has responded positively to the reclassification of other comprehensive income and profit attribution. It also precludes the company from carrying out earnings management through the recognition and realisation of other comprehensive income. Reclassification and attribution through increasing transparency and value relevance could consequently reduce asymmetric information. Keywords: reclassification of others comprehensive income, earnings management, earnings quality, Indonesia
{"title":"Reclassification of Other Comprehensive Income, Earnings Management and Earnings Quality: Evidence from Indonesia","authors":"M. Kusuma, G. Chandrarin, D. Cahyaningsih","doi":"10.24191/apmaj.v17i3-08","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-08","url":null,"abstract":"This study empirically proves that standard policies concerning the format of presenting income statements are in the form of additional information. This is particularly relevant to the reclassification of other comprehensive income and profit attribution in increasing transparency and reducing asymmetry information. This study investigated the effect of reclassified items concerning other comprehensive income and net income attributable to owners on earnings management and the quality of earnings. The attribution of earnings to owners was found to have a negative effect on earnings management, along with a positive effect on earnings quality as measured by the earnings response coefficient net and comprehensive income. It was also shown that earnings management does not mediate the effect to earnings quality. Accordingly, this means that the market has responded positively to the reclassification of other comprehensive income and profit attribution. It also precludes the company from carrying out earnings management through the recognition and realisation of other comprehensive income. Reclassification and attribution through increasing transparency and value relevance could consequently reduce asymmetric information. Keywords: reclassification of others comprehensive income, earnings management, earnings quality, Indonesia","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49300956","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}
R. Mawardi, Rausanfiker Robby Maulana, Ridarmelli Ridarmelli, Inung Wijayanti
The practice of campaign funds monitoring that is limited to compliance with laws and regulations by submitting reports and audits is still considered insufficient in an effort to realize a clean election and support the implementation of good governance. This research aimed to find out information related to compliance with campaign funds for 2020 Regional Head Elections through the follow the money investigative audit technique in accordance with regulatory provisions as an evaluation of the implementation of the 2020 Regional Head Elections in terms of campaign funds. This research was conducted in the Indonesian Financial Transaction Reports and Analysis Centre (PPATK) as Financial Intelligence Unit using a qualitative method with case studies and descriptive analysis. Based on the results of the analysis and other information owned by PPATK, there were indications of violations of campaign funds regulation as stated in the National Election Commission Regulations Number 12 of 2020 and indication of money politics practice. Keywords: campaign funds, PPATK, investigative audit, follow the money
{"title":"An Analysis of the “Follow The Money”: Investigative Audit Technique in Campaign Funds for the Election of Regional Heads in Indonesia","authors":"R. Mawardi, Rausanfiker Robby Maulana, Ridarmelli Ridarmelli, Inung Wijayanti","doi":"10.24191/apmaj.v17i3-10","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-10","url":null,"abstract":"The practice of campaign funds monitoring that is limited to compliance with laws and regulations by submitting reports and audits is still considered insufficient in an effort to realize a clean election and support the implementation of good governance. This research aimed to find out information related to compliance with campaign funds for 2020 Regional Head Elections through the follow the money investigative audit technique in accordance with regulatory provisions as an evaluation of the implementation of the 2020 Regional Head Elections in terms of campaign funds. This research was conducted in the Indonesian Financial Transaction Reports and Analysis Centre (PPATK) as Financial Intelligence Unit using a qualitative method with case studies and descriptive analysis. Based on the results of the analysis and other information owned by PPATK, there were indications of violations of campaign funds regulation as stated in the National Election Commission Regulations Number 12 of 2020 and indication of money politics practice. Keywords: campaign funds, PPATK, investigative audit, follow the money","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48728281","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}
Mursal Salam, Muhd Fauzi Abd Rahman, Sharifah Norzehan Syed Yusuf, Jamaliah Said, W. Jaya
Legislature plays an important role to ensure accountability in the budgetary decision-making of the Indonesian local government. The legislature's accountability role in budgetary decision-making concerns the Indonesian local government. Thus, this research investigated the legislature’s accountability role in the budgeting process and institution's budgetary decision-making. It also examined the planning and budgeting documents in the budget policy-making by the legislature from the Institutional perspective. This research used a qualitative approach and selected three (3) local governments in Indonesia as case study sites. The three case study sites selected represented local governments with high, medium and low fiscal capacity. Data were collected using interviews with 19 budget actors from the three case study sites. The findings revealed institutional weaknesses in the form of norms and rules about legislature in their regional decisions. The regional decision-making and discussions or forums on budget spending and financing among the legislature were found to be politically driven and lacked focus on technical matters such as value for money. The findings of this research provide some basis for strengthening the regulation by central government authorities regarding the role of the legislature in decision-making based on the principles of transparency and accountability. Keywords: legislature, local government, budgetary decision
{"title":"An Institutional Explanation of the Role of Legislature Accountability in Local Government Budgetary Decision-Making","authors":"Mursal Salam, Muhd Fauzi Abd Rahman, Sharifah Norzehan Syed Yusuf, Jamaliah Said, W. Jaya","doi":"10.24191/apmaj.v17i3-06","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-06","url":null,"abstract":"Legislature plays an important role to ensure accountability in the budgetary decision-making of the Indonesian local government. The legislature's accountability role in budgetary decision-making concerns the Indonesian local government. Thus, this research investigated the legislature’s accountability role in the budgeting process and institution's budgetary decision-making. It also examined the planning and budgeting documents in the budget policy-making by the legislature from the Institutional perspective. This research used a qualitative approach and selected three (3) local governments in Indonesia as case study sites. The three case study sites selected represented local governments with high, medium and low fiscal capacity. Data were collected using interviews with 19 budget actors from the three case study sites. The findings revealed institutional weaknesses in the form of norms and rules about legislature in their regional decisions. The regional decision-making and discussions or forums on budget spending and financing among the legislature were found to be politically driven and lacked focus on technical matters such as value for money. The findings of this research provide some basis for strengthening the regulation by central government authorities regarding the role of the legislature in decision-making based on the principles of transparency and accountability. Keywords: legislature, local government, budgetary decision","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45058198","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}
Kazi Musa, Norli Ali, Jamaliah Said, Norhayati Mohamed, Inna Junaine
The study examined the impact of external debt on economic growth in the context of developing countries. Since the level of financial integrity plays a vital role in the growth factor, we also investigated the direct impact of financial integrity (FI) management on economic growth as well as the moderating role of FI on the nexus between external debt and economic growth. To achieve the goals, we deployed a newly developed econometric approach, the Method of Moment Quantile Regression (MMQR), considering the quantile in both scale and location due to highly heterogeneous panel data from 1990 to 2020. The empirical estimation of the MMQR approach demonstrated that external debt is counterproductive in all quantiles for economic growth in the context of developing countries. Besides, FI management was insignificant in the bottom to top quantiles. Besides, the results also depicted that external debt works better for economic growth by the presence of FI in upper quantiles than the lower quantiles. The findings indicated that external debt is detrimental to economic growth in developing countries, while financial integrity management supports the debt-growth relationship. The study provides several policy implications. Keywords: external debt, economic growth, MMQR, financial integrity, developing countries
{"title":"Impact of External Debt and Financial Integrity Management on Economic Growth in Developing Countries: Evidence from the MMQR Approach","authors":"Kazi Musa, Norli Ali, Jamaliah Said, Norhayati Mohamed, Inna Junaine","doi":"10.24191/apmaj.v17i3-09","DOIUrl":"https://doi.org/10.24191/apmaj.v17i3-09","url":null,"abstract":"The study examined the impact of external debt on economic growth in the context of developing countries. Since the level of financial integrity plays a vital role in the growth factor, we also investigated the direct impact of financial integrity (FI) management on economic growth as well as the moderating role of FI on the nexus between external debt and economic growth. To achieve the goals, we deployed a newly developed econometric approach, the Method of Moment Quantile Regression (MMQR), considering the quantile in both scale and location due to highly heterogeneous panel data from 1990 to 2020. The empirical estimation of the MMQR approach demonstrated that external debt is counterproductive in all quantiles for economic growth in the context of developing countries. Besides, FI management was insignificant in the bottom to top quantiles. Besides, the results also depicted that external debt works better for economic growth by the presence of FI in upper quantiles than the lower quantiles. The findings indicated that external debt is detrimental to economic growth in developing countries, while financial integrity management supports the debt-growth relationship. The study provides several policy implications. Keywords: external debt, economic growth, MMQR, financial integrity, developing countries","PeriodicalId":41923,"journal":{"name":"Asia-Pacific Management Accounting Journal","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47974454","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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