Scott Bernabas Felix, Jasman Tuyon, Hylmee Matahir, M. F. Ghazali
Focusing on the hedging-stock pricing research landscape, this research investigates the role of different futures hedging instruments, namely oil futures, gold futures, and VIX futures and the effect of net hedging benefits by employing them on oil price risk exposure to Asia-Pacific airline firms’ stock returns using the hedging-stock pricing model. This research examines 22 Asia-Pacific airline firms’ stock returns behaviour with monthly frequency data from 2010 to 2019. A complementary analysis approach using the fixed effect panel and quantile regressions are used to analyse the research model. The findings confirm the negative effects of oil price risk and the benefits of hedging oil price risk on airline stock returns, and the superiority of gold futures over oil futures and VIX futures as effective hedging instruments. The findings provide hedging insights to investors to manage equity investment against oil price risk. In the academic context, little is known about the benefits of cross-commodity hedging to reduce risk in equity investment and this work advances the hedging-stock pricing research. This research confirmed pairing of gold futures-airline stock produces an effective hedge. The equity investors could use cross-hedging strategy to enhance airline stock investment portfolio returns. 5
{"title":"Hedging the Oil Price Risk Factor on Airline Stock Returns in the Asia-Pacific: A Test of Effective Hedging Instruments","authors":"Scott Bernabas Felix, Jasman Tuyon, Hylmee Matahir, M. F. Ghazali","doi":"10.14453/aabfj.v17i2.09","DOIUrl":"https://doi.org/10.14453/aabfj.v17i2.09","url":null,"abstract":"Focusing on the hedging-stock pricing research landscape, this research investigates the role of different futures hedging instruments, namely oil futures, gold futures, and VIX futures and the effect of net hedging benefits by employing them on oil price risk exposure to Asia-Pacific airline firms’ stock returns using the hedging-stock pricing model. This research examines 22 Asia-Pacific airline firms’ stock returns behaviour with monthly frequency data from 2010 to 2019. A complementary analysis approach using the fixed effect panel and quantile regressions are used to analyse the research model. The findings confirm the negative effects of oil price risk and the benefits of hedging oil price risk on airline stock returns, and the superiority of gold futures over oil futures and VIX futures as effective hedging instruments. The findings provide hedging insights to investors to manage equity investment against oil price risk. In the academic context, little is known about the benefits of cross-commodity hedging to reduce risk in equity investment and this work advances the hedging-stock pricing research. This research confirmed pairing of gold futures-airline stock produces an effective hedge. The equity investors could use cross-hedging strategy to enhance airline stock investment portfolio returns. 5","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"15 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84814094","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}
Design/methodology/approach – The methodology followed is eminently qualitative-exploratory based on the administration of questionnaires, aimed at knowing which strategies have been implemented or what strategies are in the process of implementing by the companies to adapt to the challenge. Findings - Our findings show how large companies adapt their business to changing environmental conditions within a short period of time and what they expect in the future. Originality/value - The work presents elements of novelty, as an empirical study in managing the impact of SDGs framework on businesses belonging to the Italian territory.
{"title":"Sustainable Development Goals: How do Companies React?","authors":"S. Vignini","doi":"10.14453/aabfj.v17i3.08","DOIUrl":"https://doi.org/10.14453/aabfj.v17i3.08","url":null,"abstract":"Design/methodology/approach – The methodology followed is eminently qualitative-exploratory based on the administration of questionnaires, aimed at knowing which strategies have been implemented or what strategies are in the process of implementing by the companies to adapt to the challenge. Findings - Our findings show how large companies adapt their business to changing environmental conditions within a short period of time and what they expect in the future. Originality/value - The work presents elements of novelty, as an empirical study in managing the impact of SDGs framework on businesses belonging to the Italian territory.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"95 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83699949","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}
The Defined Benefit Division of UniSuper is a large defined benefit superannuation scheme in Australia for public universities. Unlike public service superannuation schemes in Australia, it is not guaranteed by the employers. This has previously led to a reduction in benefits of the scheme due to expected funding shortfalls. This paper examines longstanding and more recent issues with the funding of the Defined Benefit Division. Recent changes to superannuation laws in Australia may result in further benefit reductions for the scheme in the future. Should new eligible employees join the Defined Benefit Division? What form of retirement benefit should be taken by retiring Defined Benefit Division members? The paper examines these two key questions. Employees who are contemplating joining the Defined Benefit Division, or those Defined Benefit Division members about to retire, have some very important decisions to make. 2
{"title":"Joining or Exiting the Defined Benefit Division Superannuation Scheme of UniSuper","authors":"John P. Christie","doi":"10.14453/aabfj.v17i4.10","DOIUrl":"https://doi.org/10.14453/aabfj.v17i4.10","url":null,"abstract":"The Defined Benefit Division of UniSuper is a large defined benefit superannuation scheme in Australia for public universities. Unlike public service superannuation schemes in Australia, it is not guaranteed by the employers. This has previously led to a reduction in benefits of the scheme due to expected funding shortfalls. This paper examines longstanding and more recent issues with the funding of the Defined Benefit Division. Recent changes to superannuation laws in Australia may result in further benefit reductions for the scheme in the future. Should new eligible employees join the Defined Benefit Division? What form of retirement benefit should be taken by retiring Defined Benefit Division members? The paper examines these two key questions. Employees who are contemplating joining the Defined Benefit Division, or those Defined Benefit Division members about to retire, have some very important decisions to make. 2","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"55 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90972277","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}
Environment, Social, and Governance (ESG) disclosure is a non-financial disclosure that is expected to enhance firms’ transparency, ease estimation of risk, hence lower cost of equity (CoE). However prior studies show mixed results. Using Institutional theory, this paper argues that sustainability policy intervention could have a different effect. However, this framework expects that the more ESG disclosure, the higher firms’ cost of equity (CoE) due to shareholders’ perception of mindless ESG plan. The policy intervention examined is government regulation of mandatory sustainability practices. This study uses a sample of 98 basic materials sector companies in eleven Asia countries with 5 years study period from 2017-2021 as a research sample. Using panel-data regression analysis, this study finds that there is a positive relationship between ESG scores and CoE. Moreover, the government policy strengthens such a relationship. Therefore, consistent with coercive mechanism in institutional theory, we conclude that mandatory sustainability disclosure in the Asian Basic material sector companies in-creases firms’ CoE and the existence of mandatory regulation strengthens such a relationship.
{"title":"The Moderating Role of Policy Intervention on the Relationship of Environment, Social, and Governance (ESG) and Cost of Equity Capital: A Study in Basic Materials Companies in Asia","authors":"Yanthi Hutagaol-Martowidjojo, Valentina Tohang, Emmanuella P.T. Payung","doi":"10.14453/aabfj.v17i5.02","DOIUrl":"https://doi.org/10.14453/aabfj.v17i5.02","url":null,"abstract":"Environment, Social, and Governance (ESG) disclosure is a non-financial disclosure that is expected to enhance firms’ transparency, ease estimation of risk, hence lower cost of equity (CoE). However prior studies show mixed results. Using Institutional theory, this paper argues that sustainability policy intervention could have a different effect. However, this framework expects that the more ESG disclosure, the higher firms’ cost of equity (CoE) due to shareholders’ perception of mindless ESG plan. The policy intervention examined is government regulation of mandatory sustainability practices. This study uses a sample of 98 basic materials sector companies in eleven Asia countries with 5 years study period from 2017-2021 as a research sample. Using panel-data regression analysis, this study finds that there is a positive relationship between ESG scores and CoE. Moreover, the government policy strengthens such a relationship. Therefore, consistent with coercive mechanism in institutional theory, we conclude that mandatory sustainability disclosure in the Asian Basic material sector companies in-creases firms’ CoE and the existence of mandatory regulation strengthens such a relationship.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134882626","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}
Felicia Solihin, Raden Alibasya Wisnu Wardhana, Suharno Tan, Asnan Furinto, Dewi Tamara
This research aimed to observe the influence of tenant satisfaction, green awareness, and trust through green image mediation, and moderation by greenwashing perception perceived intention to extend or renew rent and studied in one of the biggest shopping malls in Jakarta. The research collected data through surveys of 229 respondents who are tenants with a minimum of one year of rent at this shopping mall. Although many research projects have shown that tenant satisfaction and tenant trust have a positive influence on tenant intention to extend or renew rent, it had yet to examine the factors of green awareness, green image, and greenwashing perception combined with tenant satisfaction and tenant trust to decide to extend or renew rent. This study found that tenant satisfaction, green awareness, green image, and greenwashing perception influence tenant intention to extend or renew rent. Tenant satisfaction directly influenced tenant intention to extend or renew rent, followed by tenant trust, but does not apply to green awareness. Mediation of green image did not influence tenant intention to extend or renew rent, and greenwashing perception as a moderator on green image negatively affects tenant intention to extend or renew rent. This research contributed not only knowledge about how company management can improve the perception of tenant intention to extend or renew rent through the variables mentioned above but also aligned strategy to Sustainable Development Goals (SDGs) in affordable clean energy, Industry-Innovation, and infrastructure, climate action, and partnerships for the goals by found the phenomenon of tenant satisfaction, green awareness, and tenant trust directly influenced green image. Ritel companies can apply the findings from this study to enhance tenant intention to extend or renew rent and be of further use for further academic research.
{"title":"Tenant Satisfaction, Trust, Green Image as Mediation, and Greenwashing Perception as Mediator of the Perceived Intention to Extend or Renew Rent","authors":"Felicia Solihin, Raden Alibasya Wisnu Wardhana, Suharno Tan, Asnan Furinto, Dewi Tamara","doi":"10.14453/aabfj.v17i5.07","DOIUrl":"https://doi.org/10.14453/aabfj.v17i5.07","url":null,"abstract":"This research aimed to observe the influence of tenant satisfaction, green awareness, and trust through green image mediation, and moderation by greenwashing perception perceived intention to extend or renew rent and studied in one of the biggest shopping malls in Jakarta. The research collected data through surveys of 229 respondents who are tenants with a minimum of one year of rent at this shopping mall. Although many research projects have shown that tenant satisfaction and tenant trust have a positive influence on tenant intention to extend or renew rent, it had yet to examine the factors of green awareness, green image, and greenwashing perception combined with tenant satisfaction and tenant trust to decide to extend or renew rent. This study found that tenant satisfaction, green awareness, green image, and greenwashing perception influence tenant intention to extend or renew rent. Tenant satisfaction directly influenced tenant intention to extend or renew rent, followed by tenant trust, but does not apply to green awareness. Mediation of green image did not influence tenant intention to extend or renew rent, and greenwashing perception as a moderator on green image negatively affects tenant intention to extend or renew rent. This research contributed not only knowledge about how company management can improve the perception of tenant intention to extend or renew rent through the variables mentioned above but also aligned strategy to Sustainable Development Goals (SDGs) in affordable clean energy, Industry-Innovation, and infrastructure, climate action, and partnerships for the goals by found the phenomenon of tenant satisfaction, green awareness, and tenant trust directly influenced green image. Ritel companies can apply the findings from this study to enhance tenant intention to extend or renew rent and be of further use for further academic research.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"102 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134882605","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}
Many developed countries have committed to targets to reduce their carbon emissions under international agreements. However, a recent 2021 study found that only one country, The Gambia, is on track to meeting its Paris targets. A key mechanism for achieving these national targets is the government. Therefore, the failure of most countries to meet their targets highlights the importance of evaluating the major policy alternatives. Australia instituted a carbon pricing scheme in 2012 that was repealed in 2014 and subsequently replaced with an emissions reduction fund in 2015. This provides a unique opportunity to study the effects of these two major alternative government policies on government salience. This study applies stakeholder theory and finds that the power and urgency of both policies was weakened by uncertainty, an often-neglected factor affecting stakeholder salience. Furthermore, we note that an evaluation of government salience must also consider firm and industry differences and the effect of positively versus negatively framed interventions.
{"title":"The Effect of the Carbon Tax and the Emission Reduction Fund on Government Salience","authors":"Kirsty Dunbar, M. Wynder, P. Baxter","doi":"10.14453/aabfj.v17i3.06","DOIUrl":"https://doi.org/10.14453/aabfj.v17i3.06","url":null,"abstract":"Many developed countries have committed to targets to reduce their carbon emissions under international agreements. However, a recent 2021 study found that only one country, The Gambia, is on track to meeting its Paris targets. A key mechanism for achieving these national targets is the government. Therefore, the failure of most countries to meet their targets highlights the importance of evaluating the major policy alternatives. Australia instituted a carbon pricing scheme in 2012 that was repealed in 2014 and subsequently replaced with an emissions reduction fund in 2015. This provides a unique opportunity to study the effects of these two major alternative government policies on government salience. This study applies stakeholder theory and finds that the power and urgency of both policies was weakened by uncertainty, an often-neglected factor affecting stakeholder salience. Furthermore, we note that an evaluation of government salience must also consider firm and industry differences and the effect of positively versus negatively framed interventions.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"140 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86593712","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}
The Covid-19 pandemic brought many businesses to a standstill as international travel restriction was imposed across countries in addition to a national lockdown. Firm performances were depressed due to reduced order and output. This study examines whether digitalization has mitigated the negative impact of the Covid-19 pandemic on Malaysia's manufacturing sector. Using sales as the performance yardstick of 24 industrial sectors from January to December 2020, our result shows that manufacturing sales performance was negatively related to the Covid-19 pandemic. However, the adverse impact of Covid-19 was mitigated with a higher level of digitalization. The mitigating role of digitalization remains robust in further analysis. This study has managed to quantify the mitigating effect of Covid-19 on manufacturing sectors. As a policy implication, the government should expedite the introduction of the 5G network, promote digital adoption across all sectors to ensure business continuity and provide an effective response mechanism in any pandemic or crisis.
{"title":"Has Digitalisation Mitigated the Impact of Covid-19 on the Manufacturing Sector’s Performance?","authors":"Tien-Ming Yip, Wee‐Yeap Lau, Shankaran Nambiar","doi":"10.14453/aabfj.v17i2.02","DOIUrl":"https://doi.org/10.14453/aabfj.v17i2.02","url":null,"abstract":"The Covid-19 pandemic brought many businesses to a standstill as international travel restriction was imposed across countries in addition to a national lockdown. Firm performances were depressed due to reduced order and output. This study examines whether digitalization has mitigated the negative impact of the Covid-19 pandemic on Malaysia's manufacturing sector. Using sales as the performance yardstick of 24 industrial sectors from January to December 2020, our result shows that manufacturing sales performance was negatively related to the Covid-19 pandemic. However, the adverse impact of Covid-19 was mitigated with a higher level of digitalization. The mitigating role of digitalization remains robust in further analysis. This study has managed to quantify the mitigating effect of Covid-19 on manufacturing sectors. As a policy implication, the government should expedite the introduction of the 5G network, promote digital adoption across all sectors to ensure business continuity and provide an effective response mechanism in any pandemic or crisis.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"43 6 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87828568","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}
The present study aimed to clarify the risks that banks are exposed to in light of the Covid-19 pandemic, examine the impact of these risks on the quality of financial reports in banks, with an indication of how IFRS 9 can either exacerbate or mitigate these risk and its effects on the financial statements of banks. Finally, provide some solutions to maintain capital adequacy and minimize pandemic risks to which some banks may be exposed. This study used the descriptive and inferential statistics, as well as the questionnaire as a tool for collecting data. The analysis of data by using the statistical program SPSS 25 and Microsoft Excel. Three major findings are outlined in this study. First, there is a statistically significant relationship between Covid-19 pandemic and the increased risks to which banks are exposed based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between IFRS 9 and the quality of the financial statements. Finally, there is a statistically significant relationship between IFRS 9 and bank risks during of the Covid-19 pandemic. The findings of this study are important for bank executives, auditors, and bodies that set standards for accounting and auditing.
{"title":"The Impact of IFRS 9 on Financial Reporting during Covid-19 from the Point of View of Experts in Europe","authors":"Ildikó Orbán, Oday Tamimi","doi":"10.14453/aabfj.v17i4.03","DOIUrl":"https://doi.org/10.14453/aabfj.v17i4.03","url":null,"abstract":"The present study aimed to clarify the risks that banks are exposed to in light of the Covid-19 pandemic, examine the impact of these risks on the quality of financial reports in banks, with an indication of how IFRS 9 can either exacerbate or mitigate these risk and its effects on the financial statements of banks. Finally, provide some solutions to maintain capital adequacy and minimize pandemic risks to which some banks may be exposed. This study used the descriptive and inferential statistics, as well as the questionnaire as a tool for collecting data. The analysis of data by using the statistical program SPSS 25 and Microsoft Excel. Three major findings are outlined in this study. First, there is a statistically significant relationship between Covid-19 pandemic and the increased risks to which banks are exposed based on the results of the tests of the hypotheses. Second, there is a statistically significant relationship between IFRS 9 and the quality of the financial statements. Finally, there is a statistically significant relationship between IFRS 9 and bank risks during of the Covid-19 pandemic. The findings of this study are important for bank executives, auditors, and bodies that set standards for accounting and auditing.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"46 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90059221","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":"Corporate Governance Quality and Company Performance","authors":"Well Well, Rilo Pambudi","doi":"10.14453/aabfj.v17i2.05","DOIUrl":"https://doi.org/10.14453/aabfj.v17i2.05","url":null,"abstract":"","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"27 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89484308","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 examines the impact of risk disclosure on the financial performance of Indonesian Islamic banks and the ability of the Risk Monitoring Committee to moderate them. Quantitative research. OJK regulations in 2014 limited the selection of samples of Islamic banks so that the sample used is 72 Islamic banks in Indonesia from 2014 to 2021. These measures were calculated using the Statistical Package for the Social Sciences (SPSS 20) software SPSS tool (Statistical Package for the Social Sciences). The variables used are the dependent variable (ROE), independent variable (RD), moderating variable (RMC), and control variables (FDR, NPF, and CAR ratios). The findings show that the lower the risk disclosure, the lower the risks the bank faces and the higher it is financial performance. The existence of a risk monitoring committee can moderate the impact of risk disclosure on financial performance. Future research is expected to be able to compare Islamic and conventional commercial banks by adding variations and increasing the number of samples. Additional research can determine whether the findings of this study apply to Islamic banks in other countries. This research is beneficial for banking decision-makers because the completeness and risk assessment are always under the supervision of the risk disclosure committee. This study also adds novelty to the measurement of risk disclosure by utilizing the average inherent risk value.
{"title":"The Moderating Role of Risk Monitoring Committee on the Effect of Risk Disclosure on Financial Performance in Islamic Banks","authors":"L. Africa, Dian Agustia","doi":"10.14453/aabfj.v17i4.11","DOIUrl":"https://doi.org/10.14453/aabfj.v17i4.11","url":null,"abstract":"This study examines the impact of risk disclosure on the financial performance of Indonesian Islamic banks and the ability of the Risk Monitoring Committee to moderate them. Quantitative research. OJK regulations in 2014 limited the selection of samples of Islamic banks so that the sample used is 72 Islamic banks in Indonesia from 2014 to 2021. These measures were calculated using the Statistical Package for the Social Sciences (SPSS 20) software SPSS tool (Statistical Package for the Social Sciences). The variables used are the dependent variable (ROE), independent variable (RD), moderating variable (RMC), and control variables (FDR, NPF, and CAR ratios). The findings show that the lower the risk disclosure, the lower the risks the bank faces and the higher it is financial performance. The existence of a risk monitoring committee can moderate the impact of risk disclosure on financial performance. Future research is expected to be able to compare Islamic and conventional commercial banks by adding variations and increasing the number of samples. Additional research can determine whether the findings of this study apply to Islamic banks in other countries. This research is beneficial for banking decision-makers because the completeness and risk assessment are always under the supervision of the risk disclosure committee. This study also adds novelty to the measurement of risk disclosure by utilizing the average inherent risk value.","PeriodicalId":45715,"journal":{"name":"Australasian Accounting Business and Finance Journal","volume":"2 1","pages":""},"PeriodicalIF":1.9,"publicationDate":"2023-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87469302","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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