The Es Accounting And Finance
https://esj.eastasouth-institute.com/index.php/esaf
<p><a href="https://portal.issn.org/resource/ISSN/2964-2752">ISSN International Centre</a> | <a href="https://issn.brin.go.id/terbit/detail/20221114091646033">ISSN: 2964-2752 (online)</a> | <a href="https://issn.brin.go.id/terbit/detail/20230104141615454">ISSN: 2985-7139 (Print)</a></p> <p>ESAF - The Es Accounting and Finance is a peer-reviewed journal and open access three times a year (March, July and November) published by <a href="https://eastasouth-institute.com/jurnal/">Eastasouth Institute</a>. ESAF aims to publish articles in the field of <strong>Financial Accounting, Managerial Accounting, Public Sector Accounting, Auditing and Forensic Accounting, Accounting Education, Tax Accounting, Capital Markets and Investments, Accounting Information Systems, and Environmental Accounting</strong>. ESAF accepts manuscripts of both quantitative and qualitative research based on its originality, relevance, and contribution to the development of accounting practice and profession in Indonesia. ESAF publishes papers: 1) review papers, 2) basic research papers, and 3) case study papers.</p> <p>ESAF has been indexed in, <a href="https://search.crossref.org/?q=2964-2752&from_ui=yes">Crossref</a>, and others indexing.</p> <p>All submissions should be formatted in accordance with<a href="https://raw.githubusercontent.com/upileasta/Paper-Template-EI/main/Paper%20Template%20The%20ES%20Accounting%20and%20Finance.docx"> ESAF template</a> and through Open Journal System (OJS) only.</p>Eastasouth Instituteen-USThe Es Accounting And Finance2985-7139The Role of Anchoring Bias in Corporate Financial Forecasting and Budgeting in Indonesia
https://esj.eastasouth-institute.com/index.php/esaf/article/view/500
<p>Anchoring bias is a significant cognitive bias that affects decision-making processes, particularly in financial forecasting and budgeting. This study investigates the role of anchoring bias in forecasting and financial budgeting among companies in Indonesia using a quantitative approach. A sample of 45 financial professionals from diverse industries participated, with data collected through a structured questionnaire utilizing a 5-point Likert scale. The findings indicate a moderate to high prevalence of anchoring bias, which significantly correlates with forecasting inaccuracies. Regression analysis further reveals that anchoring bias explains 34% of the variance in financial planning errors. These results underscore the critical impact of cognitive biases on financial decision-making, emphasizing the need for targeted strategies to mitigate anchoring bias in corporate settings. Recommendations include training programs, structured decision-making frameworks, and technological support to improve financial accuracy and strategic planning.</p>Loso Judijanto
Copyright (c) 2025 Loso Judijanto
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2025-03-302025-03-30302758210.58812/esaf.v3i02.500Financial Inclusion through Digital Services: A Bibliometric Analysis of Global Banking Perspectives
https://esj.eastasouth-institute.com/index.php/esaf/article/view/511
<p>This study conducts a bibliometric analysis to examine the evolution and intellectual structure of research on financial inclusion through digital services within the global banking sector. Utilizing data sourced exclusively from Scopus and analyzed through VOSviewer, the study maps the thematic landscapes and collaboration networks in the literature from 2000 to 2024. Key findings indicate a strong emphasis on technological innovations such as mobile banking, digital payments, and blockchain, which are central to discussions on enhancing financial access. The research highlights significant contributions from diverse geographical regions, with a notable predominance of work from China and the United States. Temporal trends reveal an increasing integration of financial inclusion initiatives with broader economic and sustainable development goals. The study underscores the transformative potential of digital financial services and suggests strategic directions for future research. Limitations include the focus on English-language publications and the quantitative nature of bibliometric analysis. This research contributes to the understanding of how digital innovations are reshaping financial inclusion, offering insights that can guide policy and practice in creating more inclusive financial systems.</p>Loso Judijanto
Copyright (c) 2025 Loso Judijanto
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2025-03-302025-03-30302839310.58812/esaf.v3i02.511The Impact of Artificial Intelligence and Robotic Process Automation on Accounting Performance and Employee Satisfaction in Financial Services in Indonesia
https://esj.eastasouth-institute.com/index.php/esaf/article/view/509
<p>This study examines the impact of Artificial Intelligence (AI) and Robotic Process Automation (RPA) on accounting performance and employee satisfaction in the financial services sector in Indonesia. Using a quantitative approach, data were collected from 150 respondents and analyzed with Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings reveal that AI significantly enhances accounting performance through faster reconciliation, consistent data processing, and cost reduction. Similarly, RPA contributes positively to accounting performance by automating repetitive tasks and improving process scalability. AI and RPA also positively affect employee satisfaction, with RPA having a stronger influence. This is attributed to the reduction in job-related stress and improved work-life balance facilitated by automation. The study highlights the complementary roles of AI and RPA in enhancing organizational outcomes and employee well-being. Practical implications suggest the need for employee training, transparent communication, and balanced technology strategies to maximize the benefits of automation in the financial services industry.</p>Loso JudijantoDelfian ZamanHansen LouistherGhurabillah GhurabillahRenika Hasibuan
Copyright (c) 2025 Loso Judijanto, Delfian Zaman, Hansen Louisther, Ghurabillah Ghurabillah, Renika Hasibuan
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2025-03-302025-03-303029410410.58812/esaf.v3i02.509Impact of Company Complexity and Investor Behavior on Key Audit Matters: Academic Literature Review
https://esj.eastasouth-institute.com/index.php/esaf/article/view/391
<p>In the context of accounting and auditing, the term “key audit matters” refers to key issues that are of primary concern to auditors in conducting an audit. In today’s complex and dynamic business world, companies often operate in an environment full of challenges, risks and uncertainties. This study uses the following keywords: “Key Audit Matters”, “Complexity” and “Investor Behavior”. The search databases used are Google Scholar and Web of Science. We investigate studies that have examined the impact of KAM disclosure on (1) Corporate Complexity, and (2) investor behavior and market reaction. The purpose of this paper is to provide an overview of the existing literature and to summarize the preliminary findings and implications of 8 studies. Key Audit Matters have an effect on investor response and Corporate Complexity leads to increased disclosure in key audit matters.</p>Muhammad Rezky SetiapraptadiTrinandari Prasetya Nugrahanti
Copyright (c) 2025 Muhammad Rezky Setiapraptadi, Trinandari Prasetya Nugrahanti
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2025-03-302025-03-3030210511010.58812/esaf.v3i02.391Sustainability Accounting: The Critical Role of Social and Environmental Accounting from Leuit's Perspective in Challenging the Servants of Capitalists
https://esj.eastasouth-institute.com/index.php/esaf/article/view/504
<p>This study delves into the role of Sunda local wisdom, specifically the Leuit, as a representation of social accounting in the traditional Ciptagelar village, Sukabumi. Through an ethnographic approach, the research deeply explores how the Leuit functions as a social accounting system in the lives of the local community. The Leuit, as a traditional rice barn, not only serves as a food storage facility but also symbolizes sustainability and harmony with nature, playing a crucial role in maintaining the community's well-being. Additionally, this study evaluates corporate efforts in environmental preservation through the implementation of Corporate Social Responsibility (CSR) as a form of environmental accounting. A case study was conducted on PT Tirta Investama to assess their CSR contributions towards environmental sustainability and the alignment of these CSR programs with the sustainability principles embodied by the Leuit. By combining ethnographic and case study approaches, this research provides deep insights into social and environmental accounting practices within the context of local wisdom in Ciptagelar Village, as well as the impact of CSR initiatives in the corporate sector. This study aims to offer guidance on integrating traditional values into modern social and environmental accounting practices.</p>Khairul MujahidiAulia RamadaniElin Paulina
Copyright (c) 2025 Khairul Mujahidi, Aulia Ramadani, Elin Paulina
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2025-03-302025-03-3030211112210.58812/esaf.v3i02.504Financial Derivatives in Banking and Finance: A Bibliometric Overview of Research Trends
https://esj.eastasouth-institute.com/index.php/esaf/article/view/502
<p>This study provides a bibliometric analysis of the research trends in financial derivatives within the banking and finance literature. By examining citation patterns, co-authorship networks, and keyword co-occurrences, the study identifies key research themes and their evolution over time. The analysis reveals the central role of derivatives in risk management and financial stability, particularly in the wake of financial crises. It highlights the growth of computational techniques in derivatives pricing and risk management, with an increasing focus on advanced models and simulations. The study also explores the emerging influence of blockchain technology and decentralized finance in reshaping the derivatives landscape. The bibliometric map underscores the global nature of financial derivatives research, with significant contributions from the United States, China, and the United Kingdom. The study provides valuable insights for scholars, practitioners, and policymakers, suggesting areas for further research, particularly in regulatory frameworks, pricing models, and the integration of new technologies in the derivatives market.</p>Nekky RahmiyatiJunet KaswotoSri Sungkowati
Copyright (c) 2025 Nekky Rahmiyati, Junet Kaswoto, Sri Sungkowati
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2025-03-302025-03-3030212313610.58812/esaf.v3i02.502Robo-Advisors in Wealth Management: A Bibliometric Study of Research Evolution
https://esj.eastasouth-institute.com/index.php/esaf/article/view/501
<p>Robo-advisors have emerged as a transformative force in wealth management, leveraging artificial intelligence (AI) and machine learning to provide automated financial advisory services. This study conducts a bibliometric analysis of research on robo-advisors using data exclusively from the Scopus database and analyzed through VOSviewer. The findings reveal that research in this field has evolved from foundational discussions on fintech and artificial intelligence to advanced themes such as machine learning, decentralized finance, and algorithmic transparency. The keyword analysis highlights "wealth management," "fintech," and "machine learning" as central themes, while the co-authorship network indicates strong interdisciplinary collaboration among researchers. Additionally, the study identifies key regulatory and ethical challenges, including data privacy, fiduciary responsibility, and algorithmic bias, which require further investigation. The discussion explores the technological advancements, investor behavior, and regulatory landscape shaping the future of robo-advisory services. This research contributes to the growing academic discourse by mapping the intellectual structure of robo-advisor studies and suggesting future research directions, particularly in the areas of explainable AI (XAI), blockchain integration, and personalized financial advisory models.</p>Loso Judijanto
Copyright (c) 2025 Loso Judijanto
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2025-03-302025-03-3030213714910.58812/esaf.v3i02.501The Global Sustainability Reporting Landscape and the Role of Public Accountants in Providing Assurance: Enhancing the Credibility and Integrity of Sustainability Reports, and Creating Corporate Value
https://esj.eastasouth-institute.com/index.php/esaf/article/view/392
<p>The global dialogue on a sustainable economy has gained momentum due to a growing recognition among various stakeholders—such as investors, consumers, and policymakers—of the importance of integrating environmental, social, and governance (ESG) factors into economic and business practices. This growing awareness, along with commitments from world leaders, has made it essential for companies across various industries and governments to report their sustainability efforts through sustainability reporting to enhance their value in the eyes of stakeholders and investors.<br>This study aims to describe and analyze the global development of sustainability reporting and examine the role of public accountants or external auditors in providing assurance services that enhance the credibility and integrity of these reports. The research employs a descriptive analysis literature review, gathering published global survey reports and previous studies from 2020 to 2024 in international journals and selecting them based on relevance, scope, and data quality.<br>The findings indicate a significant global increase in sustainability reporting, reflecting companies' growing recognition of its importance not only for supporting environmental conservation but also for creating value for stakeholders and investors. Additionally, analyses from surveys and prior research demonstrate that the inclusion of assurance services in sustainability reports is positively correlated with the market value of company shares, thereby enhancing corporate value. Assurances provided by public accountants or external auditors further contribute to the credibility and integrity of sustainability reports, ultimately strengthening trust among stakeholders.</p>Dicky Maiza AlfaraTrinandari Prasetya Nugrahanti
Copyright (c) 2025 Dicky Maiza Alfara, Trinandari Prasetya Nugrahanti
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2025-03-302025-03-3030215016110.58812/esaf.v3i02.392Effect of Green Finance, Profitability, Leverage and Company Size on Financial Sustainability Ratio at Sharia Commercial Banks in Indonesia for the Period 2019-2023
https://esj.eastasouth-institute.com/index.php/esaf/article/view/472
<p>Islamic banking plays an important role in the Indonesian economy by promoting the principles of sustainability and ethics of Islamic finance. However, in the face of global challenges such as climate change and economic uncertainty, Islamic commercial banks need to adopt more effective sustainability strategies to maintain their financial stability. The purpose of this study was to determine the effect of green finance, profitability, leverage and company size on financial sustainability ratio in Sharia commercial banks in Indonesia for the period 2019-2023. Sampling in this study using the method of purpose sampling. The sample included in the criteria are 8 Islamic banking companies. Data analysis technique using multiple linear regression with panel data approach using Eviews 10.0 tool. The results of the partial significance test of the t test in this study is the green finance variable does not significantly affect the financial sustainability ratio. Meanwhile, profitability variables, leverage and company size significantly affect the financial sustainability ratio. The results of the simultaneous significance test F test showed that the variables green finance, profitability, leverage and company size simultaneously significantly affect the financial sustainability ratio. This research contributes to the Islamic banking industry in improving financial sustainability strategies as well as for investors in assessing the financial performance of Islamic commercial banks from a sustainability perspective.</p>Catur Novi AnggaraSuriptoM. Iqbal Harori
Copyright (c) 2025 Catur Novi Anggara, Suripto, M. Iqbal Harori
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2025-03-302025-03-3030216217810.58812/esaf.v3i02.472Value of Bangladeshi Commercial Banks: Influence of Investment Decision, Financing Decision, and Dividend Policy
https://esj.eastasouth-institute.com/index.php/esaf/article/view/402
<p>The financial performance and valuation of Bangladeshi commercial banks are influenced by investment decisions, financing decisions, and dividend policy, yet their collective impact on firm value remains a critical concern. The banking sector faces challenges such as fluctuating profitability, rising non-performing loans, and inconsistent dividend policies, creating uncertainty in firm valuation. This study examines the relationship between these financial decisions and firm value by analyzing data from the annual reports of 28 banks listed on the Dhaka Stock Exchange (DSE) from 2017 to 2022. Investment Decisions, Financing Decisions, and Dividend Policy are represented by the Price Earnings Ratio, Debt Equity Ratio, and Dividend Payout Ratio, respectively, while firm value is measured using Price to Book Value (PBV), Tobin’s Q (TQ), and Share Price (SP). Using STATA software, the study conducts descriptive analysis, correlation analysis, and panel data regression. The findings reveal that Investment and Financing Decisions significantly affect firm value, whereas Dividend Policy shows no significant impact. The study provides practical insights for companies to optimize their financial strategies for long-term value creation. However, it is limited to selected banks and does not account for external macroeconomic factors.</p>Md. MuniruzzamanMd. Kaysher HamidMd. Lifatuzzaman Shawon
Copyright (c) 2025 Md. Muniruzzaman, Md. Kaysher Hamid, Md. Lifatuzzaman Shawon
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2025-03-302025-03-3030217919210.58812/esaf.v3i02.402