Papers by Golrida Karyawati P
ix, 238 hal.: tab.; 25 cm
This study aims to obtain empirical evidence about relationship of fraud trianle component with f... more This study aims to obtain empirical evidence about relationship of fraud trianle component with financial statement fraud. Fraud risk factor triangle theory explain that pressure, oppotunity, and rationalization are always present in fraud situations. The Variable of fraud risk factor for pressure are use proxy financial stability; sales growth (SGROW), asset growth (AGROW), and cash flow to earnings growth (NICFOTA), financial security that proxy by account receivable trunover (SALAR) and asset turnover (SALTA), external pressure that proxy by leverage (LEV), financial target proxy by return on asset (ROA). variable for opportunity used are ineffective monitoring proxy by independent board members (BOUTP), board members on audit committee over board size (AUDSIZE), and independent audit committee (IND). variable for rationalization are using managements control proxy which represent by auditor opinion (AUDREPORT).Financial statement fraud is representing by proxy earning management...
SCMS Journal of Indian Management Volume XIX number 3 , 2022
Analysis of earnings management (EM) strategies in financial distress conditions will be more app... more Analysis of earnings management (EM) strategies in financial distress conditions will be more appropriate by considering the intensity of the distress because financial distress is a heterogeneous condition according to its intensity. Therefore, companies will practice EM strategies according to the intensity of financial distress. The study collects 860 research observations from the companies listed on the IDX (Indonesia) for the period 2008 to 2018. Multiple regression models are employed to examine the relationship between the intensity of financial distress and EM strategies, namely Accrual Earnings Management (AEM) and Real Earnings Management (REM). Empirical evidence shows that companies have not intensified EM practices in the early stages of financial distress. Companies began to intensively practice EM when financial distress began to cause liquidity problems. However, when the intensity of distress increases, the opportunity to practice EM is increasingly limited. In this case, companies will choose an EM strategy that is still possible to practice in accordance with the intensity of financial distress. The results of this study confirm that the trade-off between pressure and opportunity to practice EM can explain the choice of EM strategy at any intensity of financial distress. The results of this study are useful for financial statement analysts and auditors in assessing the quality of the financial statements of companies experiencing financial distress. This study analyses the effect of financial distress on the choice of EM practice by revealing the ongoing process of financial distress, thus providing a comprehensive analysis of the choice of EM strategy in financial distress.
SCMS Journal of Indian MAnagement, 2022
Analysis of earnings management (EM) strategies in financial distress conditions will be more app... more Analysis of earnings management (EM) strategies in financial distress conditions will be more appropriate by
considering the intensity of the distress because financial distress is a heterogeneous condition according to its
intensity. Therefore, companies will practice EM strategies according to the intensity of financial distress. The study
collects 860 research observations from the companies listed on the IDX (Indonesia) for the period 2008 to 2018.
Multiple regression models are employed to examine the relationship between the intensity of financial distress and
EM strategies, namely Accrual Earnings Management (AEM) and Real Earnings Management (REM). Empirical
evidence shows that companies have not intensified EM practices in the early stages of financial distress. Companies
began to intensively practice EM when financial distress began to cause liquidity problems. However, when the
intensity of distress increases, the opportunity to practice EM is increasingly limited. In this case, companies will
choose an EM strategy that is still possible to practice in accordance with the intensity of financial distress. The results
of this study confirm that the trade-off between pressure and opportunity to practice EM can explain the choice of EM
strategy at any intensity of financial distress. The results of this study are useful for financial statement analysts and
auditors in assessing the quality of the financial statements of companies experiencing financial distress. This study
analyses the effect of financial distress on the choice of EM practice by revealing the ongoing process of financial
distress, thus providing a comprehensive analysis of the choice of EM strategy in financial distress
Iranian Journal of Management Studies, 2021
The need and importance of internal auditing in Indian listed companies is increasing because of ... more The need and importance of internal auditing in Indian listed companies is increasing because of strengthening of corporate governance practices by regulatory bodies and the Indian market environment is becoming more competitive. This study attempts to determine some of the critical factors that affect the effectiveness of internal auditing in Indian listed companies. A final sample of 252 Nifty companies was drawn. We mailed questionnaires to the Head of Internal Audit department, Chief of Accounts and Chief Executive Officers of the company. The overall, response rate was 29.4%. Companies represented manufacturing, information technology, retail, banking and financial services. Using multiple regression technique, the study findings reveal that the factors that affect the effectiveness of internal auditing are ‘competency of internal audit staff’ and ‘interaction of internal auditing with audit committee’. Institutional theory best explains the effectiveness of internal auditing i...
EMAJ: Emerging Markets Journal, 2019
In a previous study on the firm size and corporate social responsibility (CSR) participation con... more In a previous study on the firm size and corporate social responsibility (CSR) participation conducted by Golrida, et al (2017), different result is reported with Udayasankar’s hypothesis (2008) which states a U-shape relationship of firm size and CSR participation. However, it is arqued that Udayasankar hyppothesis is better applicable in developed countries, while in developing countries an inverted - U shape relationship is found. But, Golrida et al (2017) can only prove the form of relationship using two perspectives stated by Udayasankar, which are operating scale and resourcess access. The proxy of visibility could not capture the inverted U shape relationship due to measurement problem in the previous study. This study aims at re-examining the relationship between firm size and CSR participation from the visibility perpective by employing two proxies of visibility, which are analyst coverage and news coverage respectively. Indonesian companies are chosen to capture the co...
1 Akuntansi Keuangan 2 Kombinasi Bisnis Akuntansi Keuangan Lanjutan Edisi Ifrs Golrida Karyawati, 2011
Journal of Asian Business and Economic Studies, 2020
PurposeThis study aims to prove the complexity of the relationship between CSR and financial perf... more PurposeThis study aims to prove the complexity of the relationship between CSR and financial performance (FP) and to decompose the complexity of the relationship using neo-institutional theory.Design/methodology/approachThis research employs a meta-analysis that integrates 55 various contexts studied between 1998 and 2017 using correlation coefficient as the effect size.FindingsThis study proves that the nature of the relationship between CSR and FP is complex and suggests that the analysis of the relationship between the two variables includes institutional factors to produce generalizable conclusions. Country characteristics, forms and dimensions of CSR, CSR measurements and FP measurements explain the complexity of the relationship between CSR and FP.Research limitations/implicationsFuture research is expected to include industry characteristics and the corporate governance model in the analysis of the relationship between CSR and FP. Differences in industry characteristics affec...
Buku ini merupakan aplikasi standar akuntansi keuangan di Indonesia yang telah mengadopsi IAS/IFR... more Buku ini merupakan aplikasi standar akuntansi keuangan di Indonesia yang telah mengadopsi IAS/IFRS berdasarkan komitmen konvergensi Standar Akuntansi Internasional. Misi yang diemban buku ini adalah agar akuntan dan calon akuntan di Indonesia memahami praktek akuntansi yang sesuai dengan standar akuntansi yang berlaku di Indonesia. Akuntan dan calon akuntan yang memahami implementasi SAK di Indonesia diharapkan selain menjadi lebih kritis dalam mengevaluasi Standar Akuntansi Keuangan hasil konvergensi, juga lebih bersikap kritis terhadap praktek akuntansi di Indonesia. Dengan demikian, konvergensi standar akuntansi internasional yang berwawasan Indonesia dapat tercapai untuk mendukung perekonomian Indonesia.
Abstrak - Praktik Manajemen Laba Perusahaan Keluarga dan Nonkeluarga Tujuan Utama - Tulisan ini b... more Abstrak - Praktik Manajemen Laba Perusahaan Keluarga dan Nonkeluarga Tujuan Utama - Tulisan ini bertujuan menganalis kecenderungan pemilihan praktik manajemen laba perusahaan keluarga/nonkeluarga Metode – Peneliti mengumpulkan bukti-bukti empiris atas perusahaan yang sahamnya telah tercatat pada Bursa Indonesia, setidaknya tahun 2017-2019. Model regresi logistik digunakan untuk menguji pilihan manajemen laba. Temuan Utama - Bukti empiris mengungkap bahwa mayoritas perusahaan -perusahaan di Indonesia adalah perusahaan keluarga. Lebih lanjut, studi ini membuktikan bahwa dibanding dengan perusahaan non keluarga, perusahaan keluarga lebih memilih manajemen laba akrual daripada manajemen laba ril. Akan tetapi ketika ukuran perusahaan meningkat, perusahaan keluarga mulai beralih kepada pilihan manajemen laba ril. Implikasi Teori dan Kebijakan – Hasil pengujian mendukung bahwa teori socioemotional wealth menjelaskan dengan baik praktik manajemen laba dari bisnis keluarga dan nonkeluarga. H...
The aim of this study is to investigate Udayasankar's hypothesis regarding the relationship b... more The aim of this study is to investigate Udayasankar's hypothesis regarding the relationship between firm size and corporate social responsibility (CSR) participation in Indonesia. Udayasankar (2008) proposed the U-shape relationship of firm size and CSR participation. Since at the country level, factors such as economic development, and social, political, and cultural factors play a significant role in determining CSR participation, the relationship shape needs to be examined per country basis. Therefore, this research has applied content analysis to measure CSR participation index for 433 Indonesian companies listed on Indonesian Stock Exchange for 2012. Resource access, operation scale and visibility are used as indicators of firm size. Our findings reveal an inverted U-shape relationship between firm size and CSR participation. This study reports a positive relationship between size and CSR participation for small companies, and a negative relationship between size and CSR pa...
Iranian Journal of Management Studies (IJMS) 2021, 15(1): 35-48, 2021
The necessity and importance of internal auditing in the Indian listed companies is increasing be... more The necessity and importance of internal auditing in the Indian listed companies is increasing because of the strengthening of corporate governance practices by regulatory bodies, and the Indian market environment is becoming more competitive. This study attempted to determine some of the critical factors that affect the effectiveness of internal auditing in Indian listed companies. To this end, a sample of 252 Nifty companies was recruited. We mailed questionnaires to the Head of Internal Audit Department, Chief of Accounts, and Chief Executive Officers of the companies. The overall response rate was 29.4%. Companies represented manufacturing, information technology, retail, banking, and financial services. The results of multiple regression analysis revealed that the factors affecting the effectiveness of internal auditing are the competency of internal audit staff and the interaction of internal auditing with audit committee. The study came to the conclusion that institutional theory best explains the effectiveness of internal auditing in Indian context. It thus encourages auditing professionals to develop their core competencies for delivering their services efficiently, and informs them that the continuous interaction with audit committee members will help them to be focused on the organizational performance by improving the IA effectiveness. At the end, the theoretical and practical implications of the study along with the directions for the future research are provided.
Jurnal Akuntansi Multi Paradigma (JAMAL), 2021
Earnings Management Practices of Family and Non-Family Entities Main Purpose-This study aims to a... more Earnings Management Practices of Family and Non-Family Entities Main Purpose-This study aims to analyze earnings management preference conducted by family /non-family entities. Method-The study uses logistic regression as a method. The samples are companies whose shares have been listed on the Indonesia Stock Exchange in 2017-2019. Main Findings-The findings reveal that most companies in Indonesia are family entities. Furthermore, this study proves that accrual earnings management practices are preferred by family entities compare to non-family entities. However, as size is increased, the family entities increasingly shift to real earnings management. Theory and Practical Implications-This study suggests that the socio-emotional wealth theory explains well the earnings management practice preferences of family entities and non-family entities. The results of this study are important for the auditor in assessing the risk of misstatement in financial statements. Novelty-As far as the authors are concerned, a study on earnings management preferences has not been conducted in developing countries dominated by family entities.
Journal of Financial Reporting and Accounting
Purpose This study aims to examine the preference for earnings management (EM) strategies accordi... more Purpose This study aims to examine the preference for earnings management (EM) strategies according to business strategies, namely, cost leadership strategies and differentiation strategies, Design/methodology/approach This study analyzed 262 samples of manufacturing and service companies listed on the Indonesia Stock Exchange for the period 2019. Logistic regression analysis is used to test the company’s EM strategy preferences based on the applied business strategy. Findings The results prove that business strategy has a significant effect on EM strategy preferences. Companies that implement a cost leadership strategy tend to use an accrual form of EM rather than a real form of EM. Conversely, companies that implement a differentiation strategy tend to use a real form of EM. Research limitations/implications Theoretically, this study confirms that contingency theory can explain EM practice preferences based on business strategy. Practically, this study helps auditors and financial...
International Journal of Accounting, Auditing and Performance Evaluation
The aim of this study is to investigate Udayasankar's hypothesis regarding the relationsh... more The aim of this study is to investigate Udayasankar's hypothesis regarding the relationship between firm size and corporate social responsibility (CSR) participation in Indonesia. Udayasankar (2008) proposed the U-shape relationship of firm size and CSR participation. Since at the country level, factors such as economic development, and social, political, and cultural factors play a significant role in determining CSR participation, the relationship shape needs to be examined per country basis. Therefore, this research has applied content analysis to measure CSR participation index for 433 Indonesian companies listed on Indonesian Stock Exchange for 2012. Resource access, operation scale and visibility are used as indicators of firm size. Our findings reveal an inverted U-shape relationship between firm size and CSR participation. This study reports a positive relationship between size and CSR participation for small companies, and a negative relationship between size and CSR participation for large companies. The study contributes that the country level factors play an important role toward CSR practices.
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Papers by Golrida Karyawati P
considering the intensity of the distress because financial distress is a heterogeneous condition according to its
intensity. Therefore, companies will practice EM strategies according to the intensity of financial distress. The study
collects 860 research observations from the companies listed on the IDX (Indonesia) for the period 2008 to 2018.
Multiple regression models are employed to examine the relationship between the intensity of financial distress and
EM strategies, namely Accrual Earnings Management (AEM) and Real Earnings Management (REM). Empirical
evidence shows that companies have not intensified EM practices in the early stages of financial distress. Companies
began to intensively practice EM when financial distress began to cause liquidity problems. However, when the
intensity of distress increases, the opportunity to practice EM is increasingly limited. In this case, companies will
choose an EM strategy that is still possible to practice in accordance with the intensity of financial distress. The results
of this study confirm that the trade-off between pressure and opportunity to practice EM can explain the choice of EM
strategy at any intensity of financial distress. The results of this study are useful for financial statement analysts and
auditors in assessing the quality of the financial statements of companies experiencing financial distress. This study
analyses the effect of financial distress on the choice of EM practice by revealing the ongoing process of financial
distress, thus providing a comprehensive analysis of the choice of EM strategy in financial distress
considering the intensity of the distress because financial distress is a heterogeneous condition according to its
intensity. Therefore, companies will practice EM strategies according to the intensity of financial distress. The study
collects 860 research observations from the companies listed on the IDX (Indonesia) for the period 2008 to 2018.
Multiple regression models are employed to examine the relationship between the intensity of financial distress and
EM strategies, namely Accrual Earnings Management (AEM) and Real Earnings Management (REM). Empirical
evidence shows that companies have not intensified EM practices in the early stages of financial distress. Companies
began to intensively practice EM when financial distress began to cause liquidity problems. However, when the
intensity of distress increases, the opportunity to practice EM is increasingly limited. In this case, companies will
choose an EM strategy that is still possible to practice in accordance with the intensity of financial distress. The results
of this study confirm that the trade-off between pressure and opportunity to practice EM can explain the choice of EM
strategy at any intensity of financial distress. The results of this study are useful for financial statement analysts and
auditors in assessing the quality of the financial statements of companies experiencing financial distress. This study
analyses the effect of financial distress on the choice of EM practice by revealing the ongoing process of financial
distress, thus providing a comprehensive analysis of the choice of EM strategy in financial distress
Indonesia and the factors that influence its development. The family business
character is considered a contingent factor which according to contingency
theory shapes the tendency of managerial accounting (MA) practice in
Indonesia. The neo-institutional theory is used to explain changes in MA
practices from traditional systems to contemporary MA practices. The
neo-institutional theory explains the change of practice or system through
isomorphism. This paper argues that the change in MA from traditional to
contemporary MA in Indonesia occurs mainly through normative
isomorphism which is influenced by factors such as: academics, the presence
of multinational companies (MNCs) in Indonesia, and technological changes.
However, to some extent, mimetic isomorphism also causes changes in MA
practices in Indonesia due to environmental uncertainty that creates business
competition. However, the COVID-19 pandemic has made the role of MA
even more important. It is predicted that changes in MA practices will
accelerate in the future. MA will be increasingly integrated with other aspects
of the company.