2024-03-28T14:16:15Z
https://jurnal.ugm.ac.id/jieb/oai
oai:ojs.journal.ugm.ac.id:article/5882
2015-02-26T16:18:32Z
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oai:ojs.journal.ugm.ac.id:article/5883
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oai:ojs.journal.ugm.ac.id:article/5884
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oai:ojs.journal.ugm.ac.id:article/5885
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oai:ojs.journal.ugm.ac.id:article/5886
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oai:ojs.journal.ugm.ac.id:article/5889
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oai:ojs.journal.ugm.ac.id:article/5890
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oai:ojs.journal.ugm.ac.id:article/5899
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oai:ojs.journal.ugm.ac.id:article/5909
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oai:ojs.journal.ugm.ac.id:article/5911
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oai:ojs.journal.ugm.ac.id:article/5913
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oai:ojs.journal.ugm.ac.id:article/5914
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oai:ojs.journal.ugm.ac.id:article/5915
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oai:ojs.journal.ugm.ac.id:article/5916
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oai:ojs.journal.ugm.ac.id:article/5917
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oai:ojs.journal.ugm.ac.id:article/5918
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oai:ojs.journal.ugm.ac.id:article/5919
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oai:ojs.journal.ugm.ac.id:article/5920
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oai:ojs.journal.ugm.ac.id:article/5921
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oai:ojs.journal.ugm.ac.id:article/5922
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oai:ojs.journal.ugm.ac.id:article/5923
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oai:ojs.journal.ugm.ac.id:article/5924
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oai:ojs.journal.ugm.ac.id:article/5926
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oai:ojs.journal.ugm.ac.id:article/5928
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oai:ojs.journal.ugm.ac.id:article/5929
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oai:ojs.journal.ugm.ac.id:article/5946
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oai:ojs.journal.ugm.ac.id:article/5947
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oai:ojs.journal.ugm.ac.id:article/5948
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oai:ojs.journal.ugm.ac.id:article/5949
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oai:ojs.journal.ugm.ac.id:article/5950
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oai:ojs.journal.ugm.ac.id:article/5951
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oai:ojs.journal.ugm.ac.id:article/5952
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oai:ojs.journal.ugm.ac.id:article/5953
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oai:ojs.journal.ugm.ac.id:article/5954
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oai:ojs.journal.ugm.ac.id:article/5955
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oai:ojs.journal.ugm.ac.id:article/5956
2015-02-26T17:12:33Z
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oai:jurnal.ugm.ac.id:article/6203
2018-11-09T06:53:01Z
jieb:ART
"140505 2014 eng "
2338-5847
2085-8272
dc
TASK-TECHNOLOGY FIT AND PERSON-JOB FIT: A BEAUTY CONTEST TO IMPROVE THE SUCCESS OF INFORMATION SYSTEMS
Suryani, Woro Dwi
Universitas Gadjah Mada
Sumiyana, Sumiyana
Universitas Gadjah Mada
Array
This study raises the issue that information system success could be enhanced by complementing other factors. This study investigates the success of information systems by inducing2 the task-technology fit (TTF) and person-job fit (PJF) into the DeLone and McLean model. This study aims to examine, among the two induced factors, which one is able to explain and improve the success of the information systems implementation. The results of this study indicate that the TTF explains the models’ goodness of fit better than that of the PJF when induced into the modified DeLone and McLean model. This study implies this in terms of both theory and practice. Theoretically, this research presents an alternative research model that can be used to investigate the success of information systems by considering the aspect of the users’ cognitive suitability (the cognitive fit theory). Furthermore, practically, this study suggests the importance of focusing on users’ skills and competencies and, subsequently, management should do so. Additionally, the TTF recommends a simple proposition that it could be attached immediately into the individuals’ skills and competencies. However, the PJF needs to be deeply embedded in the job’s qualifications and recruitment policies.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-05-05 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6203
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 2 (2014): May
eng
Copyright (c) 2014 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6204
2018-07-25T07:03:18Z
jieb:ART
"140505 2014 eng "
2338-5847
2085-8272
dc
THE IMPACT ON FARM PROFITS OF A COMPANY’S PARTNERSHIP WITH A POTATO FARM
Hamidi, Hirwan
University of Mataram
Array
This research aims to explain the impact of the partnership on potato farms’ profits in Sembalun District, West Nusa Tenggara Province. To achieve this goal, we looked at 142 farmers, comprising of 111 partnered farmers and 31 non-partnered farmers. The conclusions from our profit function analysis were: (i) the partnership had a positive impact on potato farmers’ profits in Sembalun District, West Nusa Tenggara Province; (ii) productivity, input costs, and labor costs had a significant influence on profits as an impact of the partneship. In this context, it is recomended that the local government encourage and facilitate potato farmers who have not yet established a partnership to enter such an arrangement with the company, so that their productivity and incomes increase. In addition, the local government is expected to build storage facilities for potato seeds. Future research should search for potato seeds that can replace the imported ones.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-05-05 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6204
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 2 (2014): May
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6205
2018-07-25T07:03:18Z
jieb:ART
"140505 2014 eng "
2338-5847
2085-8272
dc
PRICE STABILIZATION AND IPO UNDERPRICING: AN EMPIRICAL STUDY IN THE INDONESIAN STOCK EXCHANGE
Husnan, Suad
Universitas Gadjah Mada
Hanafi, Mamduh M.
Universitas Gadjah Mada
Munandar, Muhammad
Universitas Gadjah Mada
Array
We attempt to investigate IPO underpricing and stabilization activities. We find IPO underpricing of around 25% in the Indonesia market. Return distribution for the first 30-trading days shows a positive skew, the distribution becomes closer to normality as the period lengthens. We then develop and test five algorithms to detect IPO intervention. An important goal of this paper is to develop an algorithm that will be able to detect IPO intervention using public data. We find that the number of closing prices that are equal to the offer prices and the skewness of the IPO return in the first 30-trading days are the ‘best’ stabilization measures. Having found “the best measures”, then we investigate under what conditions IPO intervention is more intensive. We find that underwriters tend to stabilize more on more expensive IPOs.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-05-05 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6205
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 2 (2014): May
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6206
2018-07-25T07:03:18Z
jieb:ART
"140505 2014 eng "
2338-5847
2085-8272
dc
DEVELOPING A MEASURE OF LOCAL GOVERNMENT’S FINANCIAL CONDITION
Ritonga, Irwan Taufiq
Universitas Gadjah Mada
Array
This study develops an instrument to measure the financial condition of local governments (LG) in Indonesia. The instrument will serve as an early warning system for local governments’ financial management. The instrument to measure their financial condition consists of six dimensions, namely short-term solvency, long-term solvency, budgetary solvency, service-level solvency, financial flexibility, and financial independence. Each dimension has its own indicators. There are a total of eighteen indicators examined in this study. These indicators are combined to form a composite index, called a Financial Condition Index (FCI). The reliability and validity of the composite index is analyzed and the results show that the measures developed in this study are reliable and valid. In addition, the instrument possesses the criteria of a good measure: it is theoretically sound, a comprehensive assessment, it has predictive ability, distinctive ability, it is practical, objective, and a resistant to manipulation and gaming.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-05-05 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6206
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 2 (2014): May
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6207
2018-07-25T07:03:18Z
jieb:ART
"140505 2014 eng "
2338-5847
2085-8272
dc
THE IMPACTS OF COUNTRY-OF-ORIGIN, PRODUCT INVOLVEMENT, AND PRODUCT FAMILIARITY ON PRODUCT EVALUATION
Nugroho, Sahid Susilo
Universitas Gadjah Mada
Rostiani, Rokhima
Universitas Gadjah Mada
Gitosudarmo, Indriyo
Universitas Gadjah Mada
Array
One of the most interesting phenomena in global business is the existence of a product’s country-of-origin (COO). COO as an informational cue has been proven to affect consumer’s purchasing decisions in terms of their perception towards the product’s attributes as well as their overall evaluation of the product. The objective of this study is to investigate the impacts of country-of-origin on product evaluation in the Indonesian market by considering consumers’ product familiarity and consumers’ product involvement. Consumers’ perception of the product’s country-of-origin is assumed to have a significant influence on consumers’ considerations in evaluating the product prior to purchase. This impact is supposedly moderated by the extent that consumers are familiar with the product’s attributes and to what extent the product is important and interesting to them. A survey design was employed to test the proposed linkages among the variables.
The target population of the survey was Indonesian consumers of imported products. The sample unit is the person who has experience in buying or consuming foreign products. The sample of 307 persons was drawn from Yogyakarta. This study examined televisions to represent a high involvement product. The country stimuli are Korea and Indonesia . The study applied the regression analyses and hierarchical moderated regression to test the proposed hypotheses. The study found that: (1) Indonesian consumers associate positively a product’s country-of-origin with their decision in evaluating the product for both Indonesian and Korean products, (2) Indonesian consumers consider the level of economic development of the countryof- origin in evaluating the product, in which the effect of the country-of-origin is stronger for a Korean product than an Indonesian product, (3) Indonesian consumers with different levels of product familiarity do not evaluate a product differently for both Indonesian and Korean products, (4) Indonesian consumers with different levels of product involvement evaluate a Korean product differently.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-05-05 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6207
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 2 (2014): May
eng
Copyright (c)
oai:ojs.journal.ugm.ac.id:article/6209
2015-06-26T08:54:44Z
jieb:ART
oai:jurnal.ugm.ac.id:article/6210
2018-07-25T06:08:44Z
jieb:ART
"140119 2014 eng "
2338-5847
2085-8272
dc
INFLUENCE OF WORK-FAMILY CONFLICT AND FAMILY-WORK CONFLICT ON EMPLOYEES’ TURNOVER INTENTIONS WITH GENDER, SOCIAL SUPPORT AND INDIVIDUAL VALUE AS MODERATING EFFECTS
Yunita, Putu Irma
Universitas Gadjah Mada
Kismono, Gugup
Universitas Gadjah Mada
Array
work interfering with family-WIF and family interfering with work-FIW) and its influences on turnover intention. This research also examined the moderating effect of gender, social support and individual values on the relationship between the work-family conflict and turnover intentions. The participants of this study were 210 low and middle managers of four and five star hotels in Bali. This sample consisted of 126 males and 84 females. Multiple regression and hierarchical methods were used to test the proposed hypotheses. The result showed that WIF positively and significantly influences the turnover intention but FIW did not. It was also found that social support significantly moderates the relationships between variables studied, but gender and individual value had no impact on it.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-01-19 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6210
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 1 (2014): January
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6211
2018-07-25T06:11:02Z
jieb:ART
"140119 2014 eng "
2338-5847
2085-8272
dc
PREDICTING INTENDED UNETHICAL BEHAVIOUR AMONG COLLEGE OF ECONOMICS AND BUSINESS STUDENTS: AN EMPIRICAL STUDY AT UNIVERSITAS GADJAH MADA
Winahjoe, Sari
Universitas Gadjah Mada
Sudiyanti, Sudiyanti
Universitas Gadjah Mada
Array
This study attempted to examine the intention to act in an unethical manner among the economics and business students in Universitas Gadjah Mada by applying the Theory of Planned Behaviour. Attitude, subjective norms, perceived personal outcome, perceived social acceptance, and perceived behavioural control were included in predicting this intention. A total of 208 students participated in the main investigation. Using ordinal regression, 3 hypothetical unethical situations were proposed to measure the students’ intended behaviour: (1) having the class attendance list signed by a classmate; (2) cheating in an examination or quiz; and (3) knowingly plagiarising someone else’s work. The results confirmed that attitude was the strongest predictor of a student’s intention to act in an unethical manner. The study findings also supported subjective norms as the second strongest predictor, which was followed by perceived personal outcome and perceived social acceptance as determinants of such behavioural intention. Meanwhile, the findings demonstrated that perceived behavioural control was the weakest predictor of intention. Analysis for each situation, implications for practitioners, specifically university teachers and education policy makers, and further research recommendations are also discussed.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-01-19 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6211
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 1 (2014): January
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6212
2018-07-25T06:13:23Z
jieb:ART
"140119 2014 eng "
2338-5847
2085-8272
dc
EARNINGS ANNOUNCEMENTS AND COMPETING INFORMATION: THE INDONESIAN EVIDENCE
Sulistiawan, Dedhy
Universitas Surabaya
Hartono, Jogiyanto
Universitas Gadjah Mada
Tandelilin, Eduardus
Universitas Gadjah Mada
Supriyadi, Supriyadi
Universitas Gadjah Mada
Array
The main purpose of this study is to provide empirical evidence of the relationship between investors’ responses to two events, which are, (1) earnings anouncements, and (2) technical analysis signals, as competing information. This study is motivated by Francis, et al. (2002), whose study used stock analyst’s recommendations as competing information in the U.S stock market. To extend that idea, this study uses technical analysis signals as competing information in the Indonesian stock market. Using Indonesian data from 2007-2012, this study shows that there are price reactions on the day of a technical analysis signal’s release, which is prior to earnings announcements. It means that investors react to the emergence of competing information. Reactions on earnings announcements also produce a negative relationship with the reaction to a technical analysis signal before an earnings announcement. This study gives evidence about the importance of technical analysis as competing information to earnings announcements.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-01-19 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6212
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 1 (2014): January
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6213
2018-07-25T06:15:32Z
jieb:ART
"140119 2014 eng "
2338-5847
2085-8272
dc
ACCOUNTABILITY AND PERFORMANCE: EVIDENCE FROM LOCAL GOVERNMENT
Nisriani Manafe, Mesri Welhelmina
Artha Wacana Christian University
Akbar, Rusdi
Universitas Gadjah Mada
Array
Local government accountability attracts attention since the issuance of the Presidential Instruction Number 7 of 1999 on Accountability Reporting of the Performance of Government Institutions (Instruksi Presiden No. 7 Tahun 1999 tentang Laporan Kinerja Instansi Pemerintah). In practice, this accountability is not as was expected. One indication of the causal factor of the failure of the accountability implementation program is that it is considered as an obligation to describe and to justify the behavior of the accountability actors. The objective of this study is to empirically examine the correlation between the requirements of various types of accountability with negative perception of the work context and the work performance of the accountability actors. It contributes to the empirical evidence for the correlation among the various types of accountability obligation and the work performance based on the institutional theory with mixed method, which is a quantitative approach with PLS and a qualitative approach with thematic analysis. Its samples are 201 SKPD officers in the local government of Nusa Tenggara TimurProvince. The results of the study show that the conflict in the accountability requirement has significant impact on the work context with negative perception at different levels, but does not have any significant impact on the work performance of the accountability actors.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-01-19 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6213
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 1 (2014): January
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6214
2018-07-25T06:18:20Z
jieb:ART
"140119 2014 eng "
2338-5847
2085-8272
dc
CAN PRODUCT LEADERSHIP BE A PREDICTOR OF A CUSTOMER’S LOYALTY?
Santosa, MS. Eric
Universitas Stikubank
Array
Leading companies commonly employ a particular strategy to cover a market. They might choose product leadership, service support excellence, customer intimacy strategy, as well as a combination of them. The use of these strategies is obviously to gain more customers, since the product becomes a choice as an effect of the brand equity strengthening. While firms are very concerned with customer loyalty to maintain a stable sales volume, a question arises whether the brand equity has an effect on the customer’s loyalty. Logically, if a strategy can develop the product’s brand equity which in turn propels cutomers to buy it, it will hopefully improve customers’ loyalty as well. Therefore, this study is designed to answer the questions, (1) which strategy (among the three) adds power to the brand equity, (2) the brand equity is influential to the customer’s loyalty, and (3) the product leadership can predict the customer’s loyalty. Three antecedents of brand equity are employed, i.e. product leadership, service support excellence, and customer intimacy. These three variables, along with brand equity can also indicate as predictors of customer’s loyalty. A sample consisting of 100 respondents withdrawn through a judgment method. Data were analyzed by Amos 5.0 and SPSS 16.0. The results denote that the relationships between product leadership and customer intimacy to brand equity, also brand equity to customer’s loyalty are significant. On the contrary, the relationship of service support excellence to brand equity and the relationship of product leadership to customer’s loyalty are trivial.
Faculty of Economics and Business, Universitas Gadjah Mada
2014-01-19 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6214
Journal of Indonesian Economy and Business (JIEB); Vol 29, No 1 (2014): January
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6215
2017-10-27T03:04:47Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
PUBLIC FIRM'S BACKGROUND ON THE PERFORMANCEGOVERNANCE RELATION: EVIDENCE FROM INDONESIA
Setiawan, Kusdhianto
Universitas Gadjah Mada
Junarsin, Eddy
Universitas Gadjah Mada
Yuliati, Sri Handaru
Universitas Gadjah Mada
This study purports to test two governance issues in Indonesian listed firms. To explore corporate
governance mechanisms in Indonesia, we ought to understand that listed firms on the
Indonesian capital market came from two initial business backgrounds: (1) private firms, which
had been private businesses before going public; and (2) Badan Usaha Milik Negara (stateowned
enterprises), which were owned by the Indonesian government and managed by
government-appointed management. Although both types of the firms have gone public, their
differences might remain intact, such as differences in size, lines of business, market share, and
the efficiency of corporate governance. Using 442 raw sample from all firms listed on the
Indonesian Stock Exchange during 2003-2012, we find that governance characteristics and
performance relation does differ between previously SOE firms and previously private firms.
However, we do not find evidence of distinct financial performance between previously SOE
firms and previously private firms.
1 Corresponding author. We are grateful for the research
grant provided by the Faculty of Economics and Business,
Universitas Gadjah Mada.
Keywords: SOE firms, private firms, corporate governance, firm performance, firm background
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
application/pdf
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https://jurnal.ugm.ac.id/jieb/article/view/6215
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6216
2017-10-27T03:03:58Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
THE INFLUENCE OF INDIVIDUAL AND SITUATIONAL FACTORS ON LOWER-LEVEL CIVIL SERVANTS’ WHISTLE-BLOWING INTENTION IN INDONESIA
Winardi, Rijadh Djatu
Universitas Gadjah Mada
The purpose of this research is to examine empirically the influence of individual and
situational factors on the whistle-blowing intentions among lower-level civil servants in Indonesia.
This research proposes a conceptual model where individual and situational factors influence
the whistle-blowing intention among lower-level civil servants. More precisely this study
used three variables as individual factors based on the theory of planned behaviour (the attitude
toward whistle-blowing, the subjective norm, and the perceived behavioural control).
Two vignettes were used to manipulate three situational factors (the seriousness of wrongdoing,
the status of the wrongdoer, and the personal cost of reporting). A survey questionnaire was
distributed to 106 civil servants from government institutions in Indonesia by using convenience
sampling. There are six hypotheses that were tested by using multiple regression analysis.
This research found that individual and situational factors successfully predicted a whistleblowing
intention. Specifically, research results indicate there are five antecedents of whistleblowing
intention among lower-level civil servants in Indonesia labelled: the attitude toward
whistle-blowing, the subjective norm, the perceived behavioural control, the seriousness of
wrongdoing, and the status of the wrongdoer. Further implications for practice and research
are also discussed.
Keywords: whistle-blowing intention, lower-level civil servants, theory of planned behaviour,
individual factors, situational factors.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
application/pdf
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https://jurnal.ugm.ac.id/jieb/article/view/6216
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6217
2017-10-27T03:03:30Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
INSTITUTIONAL AND SPATIAL EFFECTS ON MANUFACTURING PERFORMANCE IN CENTRAL JAVA PROVINCE: THE NEW INSTITUTIONAL ECONOMICS AND THE NEW ECONOMIC GEOGRAPHY PERSPECTIVE
Ahmad, Abdul Aziz
Universitas Jenderal Soedirman
Soepono, Prasetyo
Universitas Gadjah Mada
Jaya, Wihana Kirana
Universitas Gadjah Mada
In the economic view, the manufacturing sector is important in relationship to its role in economic
growth and the whole economy. This empirical work examines why manufacturing disparity
exists, and what institutional and spatial factors empirically have an important effect on
the manufacturing sector development in Central Java Province, Indonesia. The variables that
are identified that have an influence on the manufacturing performance are ethno linguistic,
legal rules, bureaucratic financial performance, democracy, city fascination, regional location
index, the manufacturing base, infrastructure, the labor force, the intermediary finance institution
and the types of regional administration (regency and city). To analyze it, this research
uses the spatial econometric method on its methodological analyses. It is used to reduce the
potential problem that arose in the cross section and panel data which had spatial interaction,
and spatial structure. This empirical work shows that all of the institutional variables have
positive and significant effects on the dependent variable. The other result is that every spatial
variable also tends to have a positive and significant impact on manufacturing development.
For economic policy, labor activity, the roles of financial intermediaries and infrastructure
variables also have a positive effect on the manufacturing development.
Keywords: manufacturing disparity, spatial econometrics, institutional, ethno linguistic,
regional location index
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
application/pdf
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https://jurnal.ugm.ac.id/jieb/article/view/6217
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6218
2017-10-27T03:02:43Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
CRITICAL OUTLOOK AT SPECIAL ECONOMIC ZONE IN ASIA: A COMPARISON BETWEEN INDONESIA, MALAYSIA, THAILAND AND CHINA
Wahyuni, Sari
Universitas Indonesia
Astuti, Esther Sri
Student at Mastrich University, the Netherlands
Utari, Karina Miaprajna
Managing Director SKY MAP
Special Economic Zones (SEZ) have been proven to help countries in fostering economic
growth. The aim of this research is to try to help the government to improve SEZ policies in
Indonesia by providing a benchmark with other SEZ countries in China, Malaysia, and
Thailand. While China has the most established SEZ program, Malaysia and Thailand also
have highly-regarded SEZs and investment incentives. These neighboring countries have
developed SEZs in significant quantities but the greatest returns have come from a subsection of
large-scale zones with favorable locations, good planning and access to resources. Thailand
has a smaller number of zones, but a higher rate of successful zones, such as the automobile
cluster which became the anchor of automotive production in Asia. How Indonesia’s position
compares to these three Asian countries is the main question of this study.
Keywords: special economic zone, foreign investment, benchmarking, competitiveness, China,
Malaysia, Thailand
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6218
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6219
2018-11-09T06:56:35Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
CONSERVATISM AND THE COST OF EQUITY CAPITAL: A MULTI-DIMENSIONAL MEASUREMENT APPROACH
Gamaliel, Hendrik
Universitas Sam Ratulangi
Sugiri, Slamet
Universitas Gadjah Mada
Array
Conservatism is a permanent phenomenon and issue in the accounting practice. It has been
developing in two forms, ex ante and ex post, measured in various ways—the accruals,
valuation model, and book-to-market measures. Prior studies document inconclusive findings
on the association between conservatism and the cost of equity capital. These inconsistent
findings motivate us to examine whether the various measures of conservatism have different
effects on the relationship between conservatism and the cost of equity capital. We
find that the accruals measure explains the relationship, while the valuation model and
book-to-market measures do not. Our findings suggest that different measures of conservatism
relate differently to different articulations. Researchers, therefore, should be cautious in
interpreting the relationship between conservatism and the cost of equity capital.
Keywords: ex ante and ex post conservatism, cost of equity capital, various measures of
conservatism
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6219
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6220
2018-07-26T09:15:38Z
jieb:ART
"130902 2013 eng "
2338-5847
2085-8272
dc
ASYMMETRIC INFORMATION IN THE IPO UNDERWRITING PROCESS ON THE INDONESIA STOCK EXCHANGE: PRICING, INITIAL ALLOCATION, UNDERPRICING, AND PRICE STABILIZATION
Utamaningsih, Arni
Politeknik Negeri Padang
Tandelilin, Eduardus
Universitas Gadjah Mada
Husnan, Suad
Universitas Gadjah Mada
Sartono, R. Agus
Universitas Gadjah Mada
Array
This study examines the IPO trading based on asymmetric information among heterogeneous investors. An underwriter plays an active role in the process of the IPO where underpricing is a central issue. The underwriter(s) manages the IPO trading by determining the offered price range and a discriminatory treatment between institutional and individual investors. The underwriter prioritizes institutional investors, especially when they show strong buying interests at the time of book building. The results prove that underpricing is higher when the IPO pricing is closer to the upper limit of the price range. We find that underpricing is higher when the allocation of shares to institutional investors is larger.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-09-02 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6220
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 3 (2013): September
eng
Copyright (c)
oai:jurnal.ugm.ac.id:article/6221
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
dc
CONVERGENCE OF INCOME AMONG PROVINCES IN INDONESIA,1984-2008: A PANEL DATA APPROACH
Kharisma, Bayu
University of Padjadjaran, Bandung
Saleh, Samsubar
University of Gadjah Mada
Array
This paper aims to analyze the income dispersion and test both absolute convergence and conditional convergence of income among 26 provinces in Indonesia during 1984- 2008 using static and dynamic panel data approach. Using the σ convergence analysis indicated that income dispersion measured by coefficient variation occurred in 1984-2008 generally experienced fluctuation. Factors influencing income dispersion rate were the impact of the economic crisis, the period of fiscal decentralization in Indonesia, the impact of the Bali bombing, impact of rising fuel prices in October 2005 and the earthquake in Jogjakarta and Central Java. Dynamic panel data estimation with system GMM produced an efficient and consistent estimator to overcome the problems of instrument validity. In addition, it is also dedicated to minimize the risk of bias due to endogeneity problem. There was a strong indication of the existence of absolute convergence and conditional convergence among 26 provinces in Indonesia during 1984-2008. Thus, there was evidence that the economy of poorer provinces tends to grow faster compared to the more prosperous provinces, and this progress meant that there was a tendency to catch up. Based on the system GMM estimation, it is found that the provinces in Java havefaster speed of convergence comparatively to those outside Java.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6221
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6222
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
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THE EFFECT OF SOCIAL CAPITAL ON LOAN REPAYMENT BEHAVIOR OF THE POOR (A Study on Group Lending Model (GLM) Application In Islamic Microfinance Institution)
Sanrego, Yulizar D.
Institute for Research and Community Empowerment (IRCE)
TAZKIA University College of Islamic Economics
Antonio, M. Syafi’i
Department of Islamic Economics
TAZKIA University College of Islamic Economics
Array
Market failures in the financial system may be indicated by the absence of opportunities for the poor to get financial services. This also happens in the practice of Islamic banking. For this reason it is popping up a lot of non-market institutions - Islamic Microfinance Institutions (IMFi) is one of them which tried to cover up the weaknesses of banking practices. However, the development IMfi is not effective in alleviating poverty and not much different behavior from most banks. In turn, appear Islamic Microfinancebased groups in the hope of further empowering the poor and ensure that financial services can be viable and able to repay their loans with three main approaches that implemented simultaneously; (1) spiritual approach (2) financial approach and (3) social approach. This study wanted to prove empirically that Islamic Microfinance -based groups can ensure that the poor deserve to get financial services and are able to repay their loan on time. Using Structural Equation Model the study proved that Social Capital values which embedded within the Islamic Microfinance-based groups influence the behavior of the poor in repaying their debts. As a policy recommendation, Islamic Bank should consider to prefer Islamic Microfinance-based groups as partners in the realization of their linkage program for the poor so that poverty alleviation program can be optimally implemented.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
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Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6223
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
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SELF EMPOWERMENT MODEL OF THE POOR IN IMPROVING SOCIAL WELFARE (Studies in the District of Alang-Alang Lebar Palembang, Indonesia)
Rohima, Siti
Sriwijaya University
Suman, Agus
Universitas Brawijaya Malang, Indonesia
Manzilati, Asfi
Universitas Brawijaya Malang, Indonesia
Ashar, Khusnul
Universitas Brawijaya Malang, Indonesia
Array
Poverty is a very complex problem. So many ways that has been done by the Government but not yet provide optimal results. Any measures taken to overcome poverty often only temporary. There needs to be alternative measures to alleviate poverty through the empowerment one. Self-empowerment for the poor in improving the standard of living and welfare research studies conducted in the District of Alang-Alang Palembang. This study is a qualitative study using interaksionime symbolic approach. In interaksionime symbolic of human behavior and interaction shown by the symbol and meaning, and should be able to translate the meaning and significance of the symbol. This research suggests a model of self-empowerment of the poor through social capital and internal self. In the self-empowerment, poor individuals may act as subjects rather than just the object of poverty reduction. Self-empowerment model in addition supported by a good social capital is also supported by internal self. Internal to include prayer, effort, initiative and tawakal. Self-empowerment is done individually capable of affecting every movement of the poor themselves are to change for improving the living standards and the shackles of poverty, but it can provide motivation to work harder and improve the ethical attitudes and work for productivity increases and is thus able to increase revenue. Empowerment supported by internal social capital and good self will bring individual creativity in doing self-empowerment. This condition can increase income and improve the lives of poor and better than ever before so that poor people more prosperous and achieve the expected welfare.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6223
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6224
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
dc
DEVELOPING THE ENTREPRENEURSHIP INCUBATOR MODEL TO INCREASE STUDENTS INDEPENDENCE OF ENTREPRENEURSHIP MENTALITY
Suranto, Suranto
University of Muhammadiyah Surakarta
Rahmawati, Rahmawati
University of Sebelas Maret Surakarta
Array
This research aims to develop a model of entrepreneurial incubator for students in entrepreneurship learning. The model developed by the incubator includes: the empowerment of learners, the concept of problem, problem solution, through the structure of the incubator models doing, empowering, facilitating, and evaluating. This research was a research and development. The steps taken in the development of the model were: (1) designing a model, designing questionnaires, and validating the model, by measuring the goodness of fit; (2) testing the model to measure the applied model. In model validation, the data were collected from 130 students who got incubator treatment selection using the simple random sampling technique. The instrument used for data collection was a questionnaire. The data were analysied using the concept of SEM (Structural Equation Modeling). The method used in experimental field trials was the experimental group and control group (pretest-posttest control group design). The subjects of the tryout were 75 students of informatics engineering course who were not the subjects of the incubator program (the control group) and 75 students of chemistry education, chemistry, mathematics education, mathematics, biology education, and biology were referred to as the experimental group (program subject to the incubator). The data were collected through interviews and questionnaires. The data were analyzed using t-test trials to find out a significant difference in the behavior of the experimental group and control group. The results of the study of the entrepreneurship incubator model development is otherwise valid according to the probability (p) 0.0685, Goodness of Fit Model (GFI) 0.8256, Adjusted Goodness of Fit Index (AGFI) 0.7706, Comparative Fit Index (CFI) 0.9883, and the Root Mean Square Error of Approximation (RMSEA) 0.054. This model is considered effective because it can increase the independence of learners. The result of the confirmatory analysis (CFA) shows that each latent variable is proved to be formed by the manifests of one dimension. The model is applied to have a positive impact on enhancing the
students tendency in mental independence, after receiving treatment assistance incubators. Latent variable-power is reflected by the manifest: (a) the technical capabilities in writing, (b) awareness for entrepreneurship, (c) motivation for entrepreneurship, (d) the excess of self to self-employed, (e) the lack of self to self-employed, (f) access to other party to entrepreneurship, and (g) networking for entrepreneurship. While professionals have a manifest latent variables: (a) believing in themselves to entrepreneurship, (b) being independent for entrepreneurship, (c) being resilient and determined to entrepreneurship, (d) perseverance up to entrepreneurship, (e) writing creatively on entrepreneurship. Manifest variables in the form of mental self-reliance has increased after the mentoring model of entrepreneurial incubator. This suggests that the better the model of mentoring incubator, the better it will form a mental model of the entrepreneurial independence.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
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https://jurnal.ugm.ac.id/jieb/article/view/6224
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6225
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
dc
DETERMINANTS OF EMPLOYEES’ ATTITUDE TOWARD UNION MEMBERSHIP (Study Case In A Logistics Company In Indonesia)
Dewantoro, Ranggapati Siswara
Universitas Indonesia
Sobri, Riani Rachmawati
Universitas Indonesia
Syaebani, Muhammad Irfan
Universitas Indonesia
Array
This research examines the determinants of employees’ attitude toward union membership. These factors are represented by job-related predictor such as; employees’ job dissatisfaction, job stress, and consultative managerial style. Apart from these job-related predictor variables, the cultural orientation played a role in this research such as; individualism and collectivism both horizontal and vertical. After performing resgression testing, the result shows that almost all variables are affecting employees’s attitude toward union membership except horizontal collectivism variable.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
application/pdf
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https://jurnal.ugm.ac.id/jieb/article/view/6225
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6226
2018-11-12T05:40:48Z
jieb:ART
"130505 2013 eng "
2338-5847
2085-8272
dc
PERSONALITY AND COGNITIVE FACTORS IN INFORMATION SYSTEM MIGRATION PROCESS
Abdillah, Willy
Universitas Bengkulu
Array
This study predict potential resistance of IT adoption from perspective of cognitive and personality. Research conducted on 30 employees of PT. Berau Coal and 54 employees of PDAM Boyolali who are undergoing the process of migration of ERP and e-billing. Nonprobability sampling procedure was using in this research with purposive-judgment techniques. Primary data retrieved through a questionnaire with a closed question format. Hypothesis testing conducted using Partial Least Square with software applications 2.0.M3 version SmartPLS. The results show only the cognitive factors have positively influence on intention to adopt ERP and e-billing. This finding reinforces that the development of IT adoption theory will lead to perceptual factors. Also, this finding indicates that the employees of PT. Beraucoal and PDAM Boyolali have great intentions to use IT in term of ERP and ebilling migration process. Managerial implication and further researches are discussed.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-05-05 00:00:00
application/pdf
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6226
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 2 (2013): May
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6227
2018-11-12T06:11:43Z
jieb:ART
"130101 2013 eng "
2338-5847
2085-8272
dc
ENVIRONMENTALLY ADJUSTED PRODUCTIVITY GROWTH OF INDONESIAN RICE PRODUCTION
Mariyono, Joko
Pancasakti University, Tegal
Array
Productivity of Indonesian rice agriculture needs to grow substantially to ensure national food security. However, the environmental cost should be taken into account. This study aims to analyse productivity growth of rice by decomposing it into technological change, scale effects, allocative efficiency and technical efficiency. Environmental cost associated with the use of environmentally detrimental inputs is internalised to obtain environmentally adjusted productivity growth. The result indicates that total factor productivity growth is driven by technological change and social efficiency effects. Environmentally adjusted productivity growth is less than conventional productivity growth. Some policies to increase the environmentally adjusted productivity growth are proposed.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-01-01 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6227
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 1 (2013): January
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
oai:jurnal.ugm.ac.id:article/6228
2018-11-12T06:11:43Z
jieb:ART
"130101 2013 eng "
2338-5847
2085-8272
dc
THE IMPACT OF EDUCATION ON ECONOMIC GROWTH IN INDONESIA
Reza, Faizal
Universitas Gadjah Mada
Widodo, Tri
Universitas Gadjah Mada
Array
Does education promote economic growth? The aim of this study is to find out the impact of education on economic growth in Indonesia. This research employed panel data technique to investigate the relationship between education and economic growth in Indonesia during the period 1996-2009. The empirical results show that education per worker has a positive and significant impact on economic growth. The estimates of panel model suggest that a 1% increase in average education per worker will lead to about 1.56% increase in output. By using instrument analysis, researchers found that Jawa Timur is a province with highest economic growth in Indonesia. In contrast, Bengkulu experiences the lowest position with the lowest economic growth. The results show us that there are still substantial disparities within the provinces in Indonesia.
Faculty of Economics and Business, Universitas Gadjah Mada
2013-01-01 00:00:00
application/pdf
https://jurnal.ugm.ac.id/jieb/article/view/6228
Journal of Indonesian Economy and Business (JIEB); Vol 28, No 1 (2013): January
eng
Copyright (c) 2013 Journal of Indonesian Economy and Business
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