Asian Journal of Accounting and Governance最新文献

{"title":"Controlling Shareholder Ownership Structure and Conflict-Related Party Transactions","authors":"","doi":"10.17576/ajag-2021-15-06","DOIUrl":"https://doi.org/10.17576/ajag-2021-15-06","url":null,"abstract":"","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635169","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}

{"title":"Governance Quality and Tax Compliance Behaviour in East Malaysia","authors":"","doi":"10.17576/ajag-2021-15-07","DOIUrl":"https://doi.org/10.17576/ajag-2021-15-07","url":null,"abstract":"In this paper, we examine the relationship and links between the governance quality and tax compliance behaviour across taxpayers in East Malaysia otherwise known as Borneo. The hypotheses were tested using structural equation modelling of partial least squares. Four proxies of governance quality were examined in the study, namely, Voice and Accountability (VA), Political Stability (PS), Government Effectiveness (GE), and Rule of Law (RL). Results indicate that only political stability and rule of law are found to significantly influence tax compliance behaviour positively, while the other two proxies of voice and accountability and government effectiveness showed otherwise with insignificant findings. The current finding suggests that the government should maintain stability in the political system and promote a stringent with the effective rule of law to encourage substantial participation in tax compliance behaviour.","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635207","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}

{"title":"Hubungan antara Sistem Pengukuran Prestasi Strategik, Kapasiti Penyerapan dan Ketangkasan Organisasi Berdasarkan Perspektif Keupayaan Dinamik","authors":"Khairul Naziya Kasim, S. Auzair, Amizawati Mohd Amir, N. Abdullah","doi":"10.17576/ajag-2020-14-07","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-07","url":null,"abstract":"ABSTRAK Salah satu elemen penting di dalam Revolusi Perindustrian ke-empat (Industri 4.0) ialah pembangunan ketangkasan organisasi, iaitu keupayaan firma untuk mengenalpasti dan bertindakbalas dengan perubahan yang berlaku dalam persekitaran perniagaan. Namun, peranan perakaunan pengurusan, terutama sistem pengukuran prestasi strategik (SPPS) ke atas pembangunan keupayaan ini masih kurang jelas dan belum konklusif. Perspektif Keupayaan Dinamik (DCV) didapati menyediakan premis kerangkakerja teoritikal asas dalam menerangkan peranan yang boleh dibentuk ke atas SPPS bagi menyokong pembangunan ketangkasan organisasi. Menurut Perspektif ini, terdapat tiga jenis keupayaan dinamik yang perlu dibangunkan secara berterusan oleh firma yang diterjemahkan dalam kajian ini sebagai keupayaan SPPS, kapasiti penyerapan dan ketangkasan organisasi. Kajian ini mengkaji hubungan langsung dan hubungan tidak langsung di antara ketiga-tiga keupayaan dinamik. Maklumbalas soal selidik daripada 159 firma perkilangan bersaiz besar dan sederhana dianalisis menggunakan kaedah Partial Least Square. Analisis menunjukkan terdapat hubungan positif yang signifikan antara SPPS dan kapasiti penyerapan serta kapasiti penyerapan dan ketangkasan organisasi. Hubungan antara keupayaan SPPS dan ketangkasan organisasi pula didapati berbentuk hubungan pengantara penuh melalui kapasiti penyerapan sebagai faktor pengantara, menunjukkan bahawa peranan keupayaan SPPS ke atas ketangkasan organisasi adalah tidak langsung. Penemuan ini menandakan bahawa SPPS yang dibangunkan akan hanya memberi kesan ke atas ketangkasan organisasi sekiranya SPPS tersebut berupaya meningkatkan keupayaan pembelajaran firma dalam memperoleh pengetahuan baharu sehingga mengeksploitasi pengetahuan tersebut melalui maklumat yang tersedia dalam sistem itu sendiri. Suntikan peranan baharu SPPS sebagai keupayaan integrasi turut dijangka dapat menyediakan sudut pandangan baharu berkenaan peranan SPPS yang boleh diteroka oleh penyelidik dan pengamal industri dalam mengenalpasti elemen dan ciri SPPS yang perlu diberi keutamaan, khususnya dalam pembangunan keupayaan dinamik bagi memastikan firma kekal berdaya saing dalam persekitaran Industri 4.0. Kata kunci: Sistem pengukuran prestasi strategik; perspektif keupayaan dinamik; kapasiti penyerapan; ketangkasan organisasi.","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47848891","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}

{"title":"Mediating Effects of Remuneration on Earnings Management and Firm Equity Value","authors":"P. Sivanandan, Nor Shaipah Abdul Wahab","doi":"10.17576/ajag-2020-14-01","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-01","url":null,"abstract":"ABSTRACT This study examines the potential mediating effects of executive remuneration on the relationship between prior-year earnings management and firm equity value. The occurrence of financial scandals in Malaysia has been associated with earnings management, which entails opportunistic manipulation of a firm’s earnings by managers. Managers who are driven by opportunism, engage in earnings management through the manipulation of discretionary accruals (known as accrual-based earnings management method (AEM)) or real activities (known as real earnings management method (REM)) to attain personal wealth maximisation. This is because when executive remuneration is linked to firm performance, managers are incentivised to manage earnings to boost firm performance with the aim to maximise their performance-based remuneration. Thus, through executive remuneration, earnings management may affect firm equity value. However, empirical evidence on the mediating effects of executive remuneration on earnings management and firm equity value is generally scarce. Therefore, using 601 non-financial firms listed on Bursa Malaysia’s Main Market from 2013 to 2017, this study finds significant mediation of executive remuneration on the relationship between both earnings management methods and firm equity value in a different manner. This implies that the mediating effects of executive remuneration lies on the methods of earnings management. This paper, thus, provides insights to financial reporting and corporate governance regulators, and key management personnel of Malaysian public listed firms on the importance of executive remuneration on equity valuation of earnings management. This paper also methodologically contributes to literature by establishing mediation model within the earnings management area. Keywords: Accrual-based earnings management; real earnings management; executive remuneration; firm equity value; mediator; Malaysia","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48892396","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}

{"title":"Hubungan antara Urus Niaga Pihak Berkaitan dan Yuran Audit: Bukti Syarikat Tersenarai di Malaysia","authors":"Noraisikin Ghazali, Hamezah Md Nor, Nur Hidayah Waad, Mohd Mohid Rahmat","doi":"10.17576/ajag-2020-14-05","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-05","url":null,"abstract":"ABSTRAK Secara umumnya, urus niaga pihak berkaitan (UPB) dapat meningkatkan kecekapan operasi perniagaan firma. Walau bagaimanapun, peningkatan dalam skandal kewangan yang melibatkan UPB menggambarkan bahawa urus niaga ini berpotensi dijadikan alat oleh pihak berkepentingan untuk merampas sumber kekayaan firma. Disebabkan oleh potensi penyalahgunaan tersebut, maka UPB menjadi cabaran dalam kerja audit. Oleh itu juruaudit terdedah dengan risiko audit dan perlu menumpukan masa serta usaha untuk melaksanakan kerja audit. Risiko dan kesukaran dalam kerja audit ini seringkali dikaitkan dengan peningkatan yuran audit. Oleh itu, objektif kajian ini ialah untuk mengkaji hubungan antara UPB dan yuran audit di Malaysia. Secara khususnya, kajian ini mengkelaskan UPB berdasarkan kompleksiti urus niaga dan pihak berkaitan iaitu terdiri daripada UPB rumit atau UPB mudah dan UPB efektif atau UPB konflik. Kajian ini meliputi 583 buah firma awam yang tersenarai di Bursa Malaysia bagi tempoh 2013 hingga 2017. Kajian ini mendapati UPB rumit, UPB mudah dan UPB efektif menunjukkan hubungan positif dan signifikan dengan yuran audit. Dapatan kajian ini menyokong kepada teori agensi bahawa UPB secara umumnya meningkatkan risiko salah nyata dan kerja-kerja audit. Kajian ini dapat menyediakan maklumat kepada penyedia penyata kewangan mengenai potensi risiko salah nyata penyata kewangan yang timbul daripada UPB. Juruaudit juga perlu memahami kepentingan setiap jenis urus niaga dan pihak berkaitan untuk membuat penilaian dan prosedur audit yang lebih bersesuaian. Kata Kunci: Urus niaga pihak berkaitan; yuran audit; usaha audit; kompleksiti urus niaga; pihak berkaitan","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"43908332","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}

{"title":"Establishing Customer Knowledge Through Customer Accounting in Tourism Industry: A Study of Hotel Sector in Malaysia","authors":"M. Yasir, A. Amir, Ruhanita Maelah, Amirul Hafiz Mohd Nasir","doi":"10.17576/ajag-2020-14-12","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-12","url":null,"abstract":"ABSTRACT The competitive business landscape surrounding the tourism industry inevitably requires significant attention to be placed on maximising the customer base towards establishing a competitive advantage. In this vein, the use of customer accounting has emerged to be a source of crucial information about the customers, which they could assist the management in decision making, managing, and controlling the operation and in turn improve the organisational performance. Considering that, this study aims to articulate and examine the relationships between customer accounting, customer knowledge, and performance. Based on a survey administered to 112 hotel managers, the practice information was collected and analysed using partial least square (PLS). Findings show that among the four dimensions of Customer Accounting, Customer Profitability Analysis, Valuation of Customer as Assets, and Customer Equity Analysis relate significantly to Customer Knowledge, except for the Lifetime Customer Profitability Analysis. Subsequently, only Customer Profitability Analysis and Valuation of Customer as Assets significantly influenced performance. The finding suggests that the adoption of Customer Accounting consisting of combined data about customers may assist the hotels in making decisions to improve their performance. Given that, this study highlighted an accounting technique, that is, Customer Accounting which should be practised by the operators of Malaysian hotels to allow them to manage their customers better, and which is the determinant toward ensuring business success and sustainability. Keywords: customer accounting; customer knowledge; organisational performance.","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-11-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49226629","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}

{"title":"Faktor-Faktor Kelewatan Tempoh Penyelesaian Kes Siasatan Cukai di Malaysia: Persepsi Ejen Cukai","authors":"Rosiati Ramli, Helmy Mohd Daud, Romlah Jaffar","doi":"10.17576/ajag-2020-14-13","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-13","url":null,"abstract":"The enforcement of tax investigation is to collect the actual tax from tax evasion’s activities through proof of documents and facing the case in court. Tax Investigation Framework recommends that a tax investigation case to be settled in 18 months if using the account method or 24 months if using the capital method. Nevertheless, previous studies showed that most tax investigation cases took longer than the suggested time to settle and caused delay in collecting the actual tax. Therefore, this study targeted to get perspective of the tax agents on factors which are considered as influencing the tax investigation’s settlement period. This study chose to survey 364 tax agents who had experience in tax investigation. This study found that the enforcement strategy had been the most influential factor, followed by the competency of investigation officers, the investigation techniques being used, the tax penalties being charged, and the least influential had been the understanding of the tax laws. This study was the first in Malaysia that used the tax agents as respondent. Findings of this study could provide certain inputs to the tax authority on the recommended strategies to reduce the delay in the settlement period of tax investigation, and thus improve the actual tax collection.","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635158","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}

{"title":"The Impacts of Investment in Internal Audit Functions on the Going Concern Opinion for Financially Distressed Firms","authors":"Amirul Hafiz Mohd Nasir","doi":"10.17576/ajag-2020-14-03","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-03","url":null,"abstract":"We investigate the effects of internal audit investments on financially distressed firms in Malaysia. Specifically, we examine the impacts of internal audit investments on these firms’ going concern opinion. We argue that higher internal audit investments expedite these firms’ recoverability by improving their controls and operations. The assurance and consulting activities provided by internal auditors enable these firms to mitigate the material uncertainty of the going concern opinions issued by external auditors. To examine such relationship, we chose 137 firm-year observations of Malaysian financially distressed firms listed on Bursa Malaysia from 2016 to 2018. We ran a logistic regression analysis and found that internal audit investments are negatively and significantly associated with the going concern opinions reported by an external auditor. This result suggests that high internal audit investments reduce the likelihood for an external auditor to issue a going concern opinion. As stated in ISA 570, if recovery plans have no material uncertainty and are sufficient to mitigate the going concern problem (which is argued to be assisted by the internal audit function of the firm), then an external auditor can issue a clean audit report even for firms that are in financial distress. Evidence from this study contributes to our understanding of the importance of investments in internal audit functions and highlights that the assurance and consultation from internal auditors can ensure a careful monitoring of the strategies and operations of firms. This paper examines the relationship between internal audit investments and going concern problem as reported by external auditors for financially distressed firms in Malaysia with an aim to show how a going concern opinion changes when internal audit investment is added as a variable to our model. By using 137 observations of financially distressed firms listed on Bursa Malaysia from 2016 to 2018, our main results suggest that internal audit investment is negatively and significantly related to the going concern opinion reported by external auditors. In other words, internal audit contributes to the recoverability process of firms by improving their controls and operations, which in turn reduces the probability for external auditors to issue a going concern opinion. To enhance the credibility of our findings, we conduct a robustness test by using alternative measures of financial distress. Our robustness test results are consistent with our main analysis results. Our findings provide important implications for managers and internal auditors. On the one hand, managers must at least maintain their investment in internal audit to reduce their risk of receiving a going concern opinion from external auditors. Reducing such investment may also deteriorate the conditions of their firms, and the controls, effectiveness, and efficiency of their operations need to be in place especially during periods of financ","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635544","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}

{"title":"Audit Committee Effectiveness and Key Audit Matters","authors":"","doi":"10.17576/ajag-2020-14-06","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-06","url":null,"abstract":"","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635587","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}

{"title":"Does IFRS Drive Information Asymmetry Reduction? Evidence from Asean-6 Countries","authors":"M. Y. Nejad, Azlina Ahmad, R. Rahim, Fairuz, Salleh","doi":"10.17576/ajag-2020-14-08","DOIUrl":"https://doi.org/10.17576/ajag-2020-14-08","url":null,"abstract":"International Financial Reporting Standard (IFRS) is globally accepted as a high-quality reporting standard. Countries implement IFRS because they believe that more disclosure leads to agency costs reduction and may result in adverse selection costs or information asymmetry reduction. However, studies on the relationship between IFRS and information asymmetry have thus far provided mixed evidence. On the other side, there are limited studies in this area that are focused on ASEAN countries. Therefore, more studies are needed to better understand whether IFRS drives information asymmetry reduction especially in ASEAN countries as developing countries. Therefore, this study contributes to knowledge by examining the association between IFRS and information asymmetry within ASEAN-6 countries, as a setting for developing countries. The results of the OLS (Static Panel estimation technique) indicate that IFRS has a negative and significant relationship with information asymmetry. It reveals that IFRS results in information asymmetry reduction throughout ASEAN-6 countries. Besides using the OLS, this study also applies a Generalized Moment Method (GMM) as an additional test, to measure dynamic relationships and correct the potential endogeneity problem between IFRS and information asymmetry. Besides theoretical and methodological contributions, findings of this study are useful for the adopter and non-adopter countries to understand the consequences of IFRS compliance on information asymmetry. The findings provide important inputs to policymakers of Indonesia and Vietnam who are contemplating adopting IFRS.","PeriodicalId":42796,"journal":{"name":"Asian Journal of Accounting and Governance","volume":null,"pages":null},"PeriodicalIF":0.6,"publicationDate":"2020-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67635597","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}