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Editorial Volume 18 Issue 2, Ciorstan Smark, Monir Mir

Australasian Accounting, Business and Finance Journal

Editorial Volume 18 Issue 2

Macro And Micro Factor Influencing Tech Startup Valuation Of Private Markets In Asean Countries, Chandra Setiawan, Rizki Ramdha Maarif

Australasian Accounting, Business and Finance Journal

Startups in ASEAN countries, including Indonesia, Malaysia, Singapore, Thailand, Vietnam, and the Philippines, have grown rapidly over the past five years. However, the current global economic uncertainty has created an imbalance that affects the budding startup ecosystem in ASEAN. A study used econometrics software and secondary data to understand how macroeconomic factors like GDP growth, country risk premium, and initial capital increases affect startup valuations in private markets in these six ASEAN member countries. Seventy-two sample data from deals between 2020 and 2022 were analyzed using various quantitative methods, such as panel data testing, T-test, and F-test. The findings indicate …

Post Pandemic Business Sustainability Performance On Indonesian Stock Exchange Listed Companies, M. Mulyono

Australasian Accounting, Business and Finance Journal

This study aims to examine the effect of the pandemic on the performance of business sustainability implementation related to ESG (Environmental, Social, and Government) in companies listed on ESG-based stock indices on the Indonesia Stock Exchange. ESG-based stock indices are the SRI-KEHATI index, ESG Leaders index, ESG Sector Leader index, ESG Quality 45 index, and IDX LQ45 Low Carbon Leaders Index. ESG score data is obtained from the S&P Global website. There are 31 companies that are listed on the ESG-based index with available ESG score data. The data analysis used in this study is the Wilcoxon Signed-Rank Test and …

Do Cyber Security, Digitalisation And Data Visualisation Affect The Quality Of Internal Environmental Audits?, Komang Adi Kurniawan Saputra, Selmita Paranoan

Australasian Accounting, Business and Finance Journal

Introduction/Main Objectives: This research was conducted to provide empirical evidence regarding the analysis of the influence of cyber security, digitalisation, and data visualisation on the quality of internal environmental audits.

Background Problems: Some data finds that many hotel industries are still polluting and not managing waste properly according to applicable regulations. So, it is necessary to carry out an internal environmental audit as a reference material for making management decisions. Novelty: Researchers raised variables based on technological sophistication that were not previously considered in audit research. Another novelty is that the research was conducted in the context of service …

The Determinants And Effect Of The Incentive Intensity: Empirical Evidence From Japan, Takeshi Nishii, Takahito Kondo, Anura De Zoysa

Australasian Accounting, Business and Finance Journal

This study examines various determinants of incentive intensity and the moderating effect of risk aversion on the relationship between incentive intensity and organisational performance. Prior studies have reported mixed results concerning the determinants of incentive intensity, and few studies have examined the moderation effect. We analysed empirical data from a cross-sectional survey of 600 Japanese organisations that manage foreign subsidiaries. The principal and agency structure can be seen in both participants (HQ and a foreign subsidiary) with the agency problem. The first determinant is environmental uncertainty, which is investigated in two types of uncertainties: market and general business environmental uncertainties. …

Islamic Banking's Decades-Long Institutionalisation Struggle: The Case Of Pakistan, Ashfaq Khan

Australasian Accounting, Business and Finance Journal

Islamic Banking (IB) still struggles to institutionalise its practices at the wider societal level. The literature, despite having covered the sector from several angles, has overlooked an objective evaluation of the root causes of its restricted institutionalisation so far. This empirical investigation into Pakistan's IB sector fills this void and investigates the sector's apparent limited success in institutionalising its practices despite having been formally accorded legitimate legal status around the world. The paper, bringing the sector's governance to the spotlight, concludes that the social practice's 'site' of development – the Islamic Shari'ah jurisprudence, has too strong a coupling of internal …

The Mediating Role Of Sustainable Value Creation In The Relationship Between Information Technology And Competitive Advantage, Ahmad Badawi, Wiwik Utami, Bambang Marsoem, Augustina Kurniasih

Australasian Accounting, Business and Finance Journal

This study aims to analyze and determine the magnitude of the influence of information technology capabilities, leadership commitment, competitive advantage and sustainable value creation. This study uses descriptive and causal-explanatory methods with a quantitative approach. The sampling method used is the probability sampling approach (the census). Data analysis used is the Structural Equation Modeling (SEM) approach using primary data. The results of the study state that IT Capability has a significant positive effect on Sustainability Value Creation (SVC) and Corporate Competitive Advantage (CCA). The Top Management Commitment variable positively and significantly affects Sustainability Value Creation but does not affect CCA. …

Contractors' Perception Of Success Factors For Implementing Public Road Construction Projects, Noah Mwelu, Susan Watundu, Musa Bukoma Moya

Australasian Accounting, Business and Finance Journal

The Construction industry faces challenges and is increasingly failing to meet organizational objectives. This is evidenced by unsuccessful project implementation. Project failure oscillates between cost and schedule overruns and low-quality work, with construction organizations continuously failing to meet targets and losing significant funds annually. The public road construction subsector, which is currently in the spotlight for procurement irregularities, is equally challenged by the failures. Reports show that public road construction projects are not completed on time and within estimated budgets because of shoddy work and contract variations that negatively affect the government's goal attainment. This has resulted in several administrative …

The Influence Of Competency And Professional Behavior On Internal Auditor Performance In The Digital Era With Time Budget Pressure As A Moderator, Irfan Zamzam, Suriana Ar Mahdi, Fitriani Sardju

Australasian Accounting, Business and Finance Journal

This research examines and analyzes the influence of competence and professional behavior on internal auditor performance achievements in the digital era, as well as the moderating role of time budget pressure. The research was carried out quantitatively using statistics to process data. The total research sample was 135 internal auditors in the public sector in the province of North Maluku, Indonesia. The sampling technique is a census or saturated sample because the number of qualified and certified internal auditors is relatively small. Empirical research found that competence and professional behavior significantly affect the performance achievement of internal auditors in the …

The Effect Of Esg And Earnings Quality On The Value Relevance Of Earnings And Book Value, Aulia Fuad Rahman, Nugroho Suryo Bintoro, Ayu Aryista Dewi, Kholilah Kholilah

Australasian Accounting, Business and Finance Journal

This paper aims to investigate the value relevance of ESG (environmental, social and governance) and earnings quality of companies listed on the Indonesia Stock Exchange during the period from 2012 to 2022. Furthermore, this study also investigates the value relevance of earnings and book value in the presence of ESG and earnings quality. The value relevance was operationalized using Ohlson's price model (1995), and data was extracted from the Refinitiv database. Based on 353 firm-years, the panel data analysis indicates that ESG and earnings quality have value relevance; this proves that information about ESG and earnings quality are used by …

The Effects Of Management Control Systems And Leadership Style On Company Performance, Fauziah Aida Fitri, Muhammad Syukur, Dian Faradiba

Australasian Accounting, Business and Finance Journal

A management control system (MCS) is one of the tools used to evaluate performance at different organisational levels. This study employs the Levers of Control (LoC) dimension introduced by Simons in 1995, consisting of the belief system, boundary system, diagnostic control system, and interactive control system. Besides, leadership styles (transformational style and transactional style) are also believed to influence company performance. This study aims to investigate the role of MCS and leadership styles on company performance. The result finds that MCS and leadership styles have a significant positive impact on company performance. The findings also suggest that the transactional leadership …

Obstacles Facing The Development Of Forensic Accounting Curricula Within Australian Universities: Exploring Perspectives Of Practitioners And Educators, Hashem Al-Shurafat, John Sands, Gregory Jones, Claire Beattie

Australasian Accounting, Business and Finance Journal

Forensic accounting education has become an increasingly significant issue in recent years. In Australia, universities have acknowledged the industry’s growing relevance, and there have been attempts to address gaps in the provision of forensic accounting education. Despite these efforts, forensic accounting education is frequently omitted in university programs. This paper seeks to identify the obstacles that influence the transformation of forensic accounting knowledge into university programs. To do so, this study explores the perspectives of two groups: forensic accounting practitioners and university academics. Simi-structured interviews were conducted with the two groups to gather their perception. The findings show that the …

Antecedents And Consequences Of Earnings Management: A Systematic Review Of The Banking Sector In Developed And Developing Countries, Sarit Biswas, Mousumi Bhattacharya, Deepak Kumar

Australasian Accounting, Business and Finance Journal

The accuracy and utility of financial information are critical, but the prevalent issue of earnings management (EM) casts a shade on this goal. With a growing corpus of EM literature, a comprehensive review is essential for distilling insights and guiding future research. The paper systematically reviews 182 EM studies through the distinctive lens of developing and developed country banking institutions. With an emphasis on accrual-EM, the current study thoroughly examines and synthesizes the antecedents and consequences of bank EM. Notably, certain themes (such as corporate governance, international financial reporting standards, ownership structure and liquidity) emerge as universally relevant, bridging the …

The Effect Of Workload, Level Of Audit Fees And Audit Risk On Audit Quality: An Empirical Study Of A Public Accounting Office In East Java-Indonesia, Lely Kumalawati, Made Sudarma, Aulia Fuad Rahman, Syaiful Iqbal

Australasian Accounting, Business and Finance Journal

This study explores the variables of workload, level of audit fees and audit risk on audit quality by testing the three research hypotheses using SPSS with multiple linear regression methods. The study was conducted at a Public Accounting Firm in East Java, Indonesia, with a population of 48 officially registered auditors. A questionnaire instrument was used to collect research data, containing questions/statements related to research variables tested for validity and reliability. The collected data were analyzed using multiple linear regression methods. The research results show that workload variables, audit fees, and risk levels significantly positively affect audit quality. The main …

Book Review: Designing Learning For Intensive Modes Of Study, Janelle Allison

Journal of University Teaching & Learning Practice

Designing learning for intensive modes of study is a clear, concise guide to designing curricula with intensive modes of study. It takes a project management style approach and considers implementation at the unit, program, and institutional scale. Appendix A allows readers to explore how different intensive mode learning strategies have been designed and implemented. We see how the theory is translated into practice. Case studies bring the Guide to life and illustrate the steps to be negotiated in adopting novel approaches to learning and teaching. The key messages and plentiful illustrations currently included in vignette form in the main body …

Immersive Learning In A Block Teaching Model: A Case Study Of Academic Reform Through Principles, Policies And Practice, Thomas Roche, Erica Wilson, Elizabeth Goode

Journal of University Teaching & Learning Practice

Universities across the globe are considering how to effect meaningful change in their higher education (HE) delivery in the face of the COVID-19 pandemic and shifting student learning preferences. This paper reports on a descriptive case- study of whole-of-institution curriculum reform at one regional Australian university, where more traditional 13-week semesters have been replaced with a 6-week immersive block model known as the Southern Cross Model. Based on a synthesis of literature in best practice HE pedagogy and principles, the case study draws on both a review of policy and staff interviews (N = 5) to outline the key …

Expanding Faculty Development Through Capacity-Building: An Institutional Case Study, Vicki L. Baker, Andrew N. Christopher, Sarah Noah

Journal of University Teaching & Learning Practice

The global pandemic highlighted the need for diverse faculty development partners to ensure student and faculty learning was supported, particularly in intensive modes of educational delivery. Our paper presents an institutional case study of how educational technology, in collaboration with the Center for Teaching and Learning and subject matter experts, served as untapped providers of faculty development. We detail the decision to shift to an intensive 7-week module system rather than our traditional 15-week semester in response to COVID-19. Although challenging for both faculty and students, this shift in educational delivery facilitated innovative approaches to faculty and student learning that …

Insights Into Professional Learning For Intensive Block Model: Lessons From A Participatory Evaluation For Capacity Building, Gayani Samarawickrema, Kaye Cleary, Sally Gauci

Journal of University Teaching & Learning Practice

We share lessons gained through supporting an institution-wide curriculum innovation via a post-graduate professional learning program. At the inception of the innovation, an intensive Block Model (BM) was unfamiliar to both the institution and its professional learning facilitators. The Graduate Certificate of Tertiary Education was re-modelled with BM as the heart of professional learning so academics would encounter BM as students. The program modelled BM principles, reinforced by meta-conversations to provide students with a reflective, immersive experience. Through a participatory evaluation, professional learning facilitators’ individual reflections were distilled to generate collaborative insights into academics’ capacity building for BM. Their lessons …

Exploring Academic Perspectives On Immersive Scheduling In A Uk University, Rebecca Turner, Debby R.E. Cotton, Emily Danvers, David Morrison, Pauline E. Kneale

Journal of University Teaching & Learning Practice

This study examined how academic staff responded to a cross-institutional change initiative to integrate immersive scheduling into the first-year undergraduate curriculum. Immersive scheduling, also referred to as block or compressed delivery, sought to create a supportive first-year experience, to ease students’ transition to university. Adopting an immersive approach is associated with considerable change as academic staff adapt their practice to accommodate the compressed time frame of modules and embrace learning and assessment methods associated with this delivery format. In this study, we undertook semi-structured interviews with 17 academics who were leading the development and delivery of immersive modules or supporting …

The Success, Satisfaction And Experiences Of International Students In An Immersive Block Model, Elizabeth Goode, Thomas Roche, Erica Wilson, Jacky Zhang, John W. Mckenzie

Journal of University Teaching & Learning Practice

Despite growing interest in immersive block models in higher education, very little is known about the experiences of international students in these non-traditional forms of learning. To enable an initial view of how international students perceive and perform in an immersive block model, we used an exploratory mixed methods approach to examine the academic success, satisfaction, and experiences of international students in a 6-week immersive block model at a regional public Australian university. Inferential statistical tests were used to explore the success rates and unit and teaching satisfaction of onshore and offshore international students in the immersive block model and …

Understanding Engagement In Intensive Learning: From Fuzzy Chaotic Indigestion To Eupeptic Clarity, Reilly A. Dempsey Willis, Paulo Vieira Braga

Journal of University Teaching & Learning Practice

This paper is framed by Nick Zepke’s, Vicki Trowler’s, and Paul Trowler’s concept of student engagement being “chaotic”, suffering from “indigestion” and “fuzziness”. This study was conducted at a UK higher education institution that recently moved to a “block and blend” delivery approach. We investigated what students and staff think engagement looks like in an intensive block and blend learning context. Data were gathered from students and staff via an online survey, which consisted of both scaled and open-ended questions. Findings are synthesised in an elemental map, providing a comparison of students and staff perceptions of engagement. Specifically, students and …

Intensive Work-Integrated Learning (Wil): The Benefits And Challenges Of Condensed And Compressed Wil Experiences, Theresa M. Winchester-Seeto, Sonia J. Ferns, Patricia Lucas, Leanne Piggott, Anna Rowe

Journal of University Teaching & Learning Practice

Work-integrated learning (WIL) is a well-established educational strategy with acknowledged benefits for student learning and employability. This paper explores and documents Intensive WIL, where students undertake short or condensed WIL experiences, ranging from 35 to 400 hours. Four case studies from different universities, designed for different purposes, using either placement or project approaches, and with different student cohorts, showcase the flexibility and adaptability of this model of WIL. Drawing on existing quality frameworks developed for WIL, a new, dedicated set of quality indicators was developed to evaluate examples of intensive WIL, as demonstrated in the case studies. This new framework …

“Can We Not Do Group Stuff?”: Student Insights On Implementing Co-Creation In Online Intensive Programs, Samantha J. Newell, Natasha Van Antwerpen

Journal of University Teaching & Learning Practice

The demand for intensive educational experiences is increasing, necessitating a focus on ensuring quality and providing adequate student support. Increasing opportunities for student collaboration, including teacher/student co-creation of learning materials, has strong potential to increase engagement and support. Given increased interest in co-creation within education and research more broadly, we explored student perspectives on this novel approach within online intensive modes of teaching with a focus on feasibility and implementation. Two focus groups were conducted with students (N = 16), including discussion of their preferences and barriers for implementing co-creation initiatives in an intensive program. Thematic analysis was then …

Student And Faculty Perceptions Of Summative Assessment Methods In A Block And Blend Mode Of Delivery, Paulo Ricardo Vieira Braga, Carmen Maria Ortiz Granero, Ellen Buck

Journal of University Teaching & Learning Practice

The recent increase in the number of higher education institutions adopting block teaching has prompted questions about the appropriateness of assessment methods that were commonly used in a semesterised delivery model. This paper explores student and faculty perceptions of summative assessment methods in a block and blend mode of delivery at a higher education institution in the United Kingdom. In this study, we used a convergent mixed methods approach to explore student and faculty perceptions of different assessment methods as accurate evaluations of learning using surveys, combining Likert-type and open-ended questions. The findings highlight how traditional, single assessment methods occurring …

Belonging In Remote Higher Education Classrooms: The Dynamic Interaction Of Intensive Modes Of Learning And Arts-Based Pedagogies, Shiona L. Long, Mary-Rose Mclaren

Journal of University Teaching & Learning Practice

In this paper, the authors explore the conditions that support belonging in remote VU Block Model^® teaching. They examine the role of arts-based, embodied pedagogy in promoting engagement in learning, connection between students, and between students and teachers, and in an environment in which vulnerability and risk-taking in learning is valued. A discussion of belonging in higher education and the practice of embodied learning is followed by the reflections of seven participants. These participants were students in a remotely taught, arts-based higher education block unit, which had been mindfully adapted to retain the embodied nature of delivery during the …

Intensive Modes Of Study And The Need To Focus On The Process Of Learning In Higher Education, Jason M. Lodge, Kevin Ashford-Rowe

Journal of University Teaching & Learning Practice

In the context of a constantly evolving international higher education sector, this commentary emphasises the need for consilience between basic research on learning processes and observations from intensive modes of study. Following a discussion of conflicting evidence on optimal learning time frames, we advocate for seeking alignment between classroom practices with underlying learning mechanisms. We argue for a unified understanding of effective learning beyond notions of the credit point hour or volume of learning, focusing on processes rather than mere inputs and outputs. A collaborative approach between researchers, educators, and policymakers aiming for consilience has the potential to provide practical …

Editorial: Intensive Modes Of Teaching, Past, Present, And Future, Ian Solomonides, Gayani Samarawickrema, Kaye Cleary, Sally Male

Journal of University Teaching & Learning Practice

A recent overview and brief history of intensive modes of learning and teaching in higher education is presented, with implications for the design, application, impact, governance, and regulation of intensive mode teaching and learning. Previously limited to particular levels of study, or locations in the academic year, intensive modes as new forms of system-wide curriculum and organisation challenge the isomorphism of traditional, symmetrised organisations, while also being able to expand or complement conventional higher education. However, in whole-of-institution intensive mode settings, the importance of systematic awareness and application in adopting and sustaining intensive modes is highlighted, including the need to …

Editorial Volume 18 Issue 1, Ciorstan Smark, Monir Mir

Australasian Accounting, Business and Finance Journal

Editorial Volume 18 Issue 1

The Value Of Financial Planning: A Theoretically-Grounded Approach, Sarah D. Asebedo

Australasian Accounting, Business and Finance Journal

This paper lays a foundation for quantifying the interaction “value” effects of the financial planner/client relationship through the lens of Financial Planning Client Interaction Theory (FPCIT), utilizing integration—a mathematical process commonly used in calculus to find the area under a curve. FPCIT recently emerged in response to practitioner and researcher calls for theory specific to the financial planning profession. FPCIT posits that the distinction of the professional practice of financial planning and its value to consumers is centered upon the unique and complex human interaction phenomenon inherent in the client relationship. FPCIT extends the value of financial planning discussion by …

Localisation Of Humanitarian Aid: A Case Study Of Cambodian Children’S Trust's Sustainable Development, Mona Nikidehaghani, Freda Hui-Truscott

Australasian Accounting, Business and Finance Journal

Localisation of humanitarian aid has emerged as a major issue after the World Humanitarian Summit in 2016 which emphasised the importance of locally-led response as a corrective to power imbalances in the humanitarian system. However, the practical complexities of localised humanitarian aid are yet to be fully discussed. This paper aims to examine the concept of localisation in humanitarian aid through a case study of a local non-governmental organisation, the Cambodian Children's Trust (CCT), in Cambodia. Drawing on the framework of localisation proposed by Baguios et al., (2021), we analyse the application of localisation of child protection programs run by …