Pub Date : 2019-09-03DOI: 10.33830/jom.v15i2.710.2019
Vebi Dewi Supartini, A. Sukmawati, E. Anggraeni
This paper is based on the importance of knowledge sharing to create innovation in an organization to overcome the problem of PTPN competition with the private sector. The purpose of this study is to determine the relationship between knowledge sharing variables, which are tacit knowledge sharing and explicit knowledge sharing, on innovation variables, which are speed innovation and quality innovation. The data collection method used a questionnaire with a sample of 100 employees and data were analyzed using canonical correlation analysis. The results of the study showed that there was an influence on each variable. Explicit knowledge sharing had influence on the speed and quality of innovation and explicit knowledge sharing had influence on the speed and quality of innovation. Conclusions from this study were that both variables had a strong relationship, so companies can consider these variables in strategic planning.
{"title":"Analysis of Knowledge Sharing Using Canonical Correlation Toward Organizational Innovation","authors":"Vebi Dewi Supartini, A. Sukmawati, E. Anggraeni","doi":"10.33830/jom.v15i2.710.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i2.710.2019","url":null,"abstract":"This paper is based on the importance of knowledge sharing to create innovation in an organization to overcome the problem of PTPN competition with the private sector. The purpose of this study is to determine the relationship between knowledge sharing variables, which are tacit knowledge sharing and explicit knowledge sharing, on innovation variables, which are speed innovation and quality innovation. The data collection method used a questionnaire with a sample of 100 employees and data were analyzed using canonical correlation analysis. The results of the study showed that there was an influence on each variable. Explicit knowledge sharing had influence on the speed and quality of innovation and explicit knowledge sharing had influence on the speed and quality of innovation. Conclusions from this study were that both variables had a strong relationship, so companies can consider these variables in strategic planning.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"65 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132222359","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-15DOI: 10.33830/jom.v15i1.919.2019
Jasanta Peranginangin, Rizkia Nevi
This study purposed to find antecedent variables that enhance performance. The object of this research was the manufacturing company in Indonesia. This research employed quantitative method in which there were 115 questionaires spreaded to manufacturing company. Meanwhile, the method used to test the primary data was path analysis. The results of this study indicate that religiosity, job stress, and job attitudes can enhance performance. This research contributes to the development of employee performance theory through the developed model. The results of this study also have implications for managers in taking strategic actions in improving employee performance.This research is very important in developing the business especially in manufacturing company in Indonesia. The most important thing is that this research will contribute to the body of knowledge, especially in human resource management science.
{"title":"Effect of Religiosity, Job Stress, And Job Attitude on Performance","authors":"Jasanta Peranginangin, Rizkia Nevi","doi":"10.33830/jom.v15i1.919.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.919.2019","url":null,"abstract":"This study purposed to find antecedent variables that enhance performance. The object of this research was the manufacturing company in Indonesia. This research employed quantitative method in which there were 115 questionaires spreaded to manufacturing company. Meanwhile, the method used to test the primary data was path analysis. The results of this study indicate that religiosity, job stress, and job attitudes can enhance performance. This research contributes to the development of employee performance theory through the developed model. The results of this study also have implications for managers in taking strategic actions in improving employee performance.This research is very important in developing the business especially in manufacturing company in Indonesia. The most important thing is that this research will contribute to the body of knowledge, especially in human resource management science.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"68 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123028867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-15DOI: 10.33830/jom.v15i1.927.2019
Sari Angriany Natonis, B. Tjahjadi
Time period in completing the audit work until the date of publishing audit report is called audit report lag. BAPEPAM requires each of going-public companies to publish their annual reports not later than three months after the fiscal year ends. The aim of this research was to determine the effect of profitability, solvency, company size, audit opinion, and size of public accounting firm on audit report lag at mining companies listed on Indonesia Stock Exchange during the period of 2013-2017. As many as 12 samples were obtained through purposive sampling technique. The data analysis technique used was the multiple regression analysis. The results showed that the profitability and company size negatively affected the audit report lag, while the other variables, such as solvency, audit opinion, and size of public accounting firm, had no significant effect on the audit report. The result of simultaneous test showed that all independent variables influenced audit report lag with 32.8% of determination coefficient.
{"title":"Determinant of Audit Report Lag Among Mining Companies In Indonesia","authors":"Sari Angriany Natonis, B. Tjahjadi","doi":"10.33830/jom.v15i1.927.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.927.2019","url":null,"abstract":"Time period in completing the audit work until the date of publishing audit report is called audit report lag. BAPEPAM requires each of going-public companies to publish their annual reports not later than three months after the fiscal year ends. The aim of this research was to determine the effect of profitability, solvency, company size, audit opinion, and size of public accounting firm on audit report lag at mining companies listed on Indonesia Stock Exchange during the period of 2013-2017. As many as 12 samples were obtained through purposive sampling technique. The data analysis technique used was the multiple regression analysis. The results showed that the profitability and company size negatively affected the audit report lag, while the other variables, such as solvency, audit opinion, and size of public accounting firm, had no significant effect on the audit report. The result of simultaneous test showed that all independent variables influenced audit report lag with 32.8% of determination coefficient.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125376767","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-15DOI: 10.33830/jom.v15i1.916.2019
Agung Wibowo, Rida Rahim
Capital structure is increasingly important in determining the optimal combination of funding for investment needs that can increase firm value from profitability. The study aims to examine the effect of capital structure on profitability of electricity companies in Southeast Asia. The study used multiple regression model represented by pooled least square to calculate 48-panel data from the annual financial report during the time period of 2009-2016. We utilized short-term debt to total assets (STD), long-term debt to total assets (LTD), total debt to total assets (TD), and debt to equity ratio (DER) as proxies of capital structure (independent variables). Operating income margin (OIM), return on asset (ROA), and return on equity (ROE) were the profitability proxies (dependent variables). Firm size and firm age were used as control variables in the study. The results of this study indicate that STD and LTD have a negative relationship that consequently has significant effect on LTD and OIM. Other than positive and negative relationships between the capital structure (TD and DER) and profitability, this study also finds that TD and DER have positive significant influence on OIM and ROE, but have negative insignificant relation with ROA. Thus, it is necessary to optimize the capital structure by adjusting the target of capital structure that can provide a balance on the marginal cost and marginal benefit.
{"title":"The Effect of Capital Structure on Profitability of Electricity Companies In Southeast Asia","authors":"Agung Wibowo, Rida Rahim","doi":"10.33830/jom.v15i1.916.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.916.2019","url":null,"abstract":"Capital structure is increasingly important in determining the optimal combination of funding for investment needs that can increase firm value from profitability. The study aims to examine the effect of capital structure on profitability of electricity companies in Southeast Asia. The study used multiple regression model represented by pooled least square to calculate 48-panel data from the annual financial report during the time period of 2009-2016. We utilized short-term debt to total assets (STD), long-term debt to total assets (LTD), total debt to total assets (TD), and debt to equity ratio (DER) as proxies of capital structure (independent variables). Operating income margin (OIM), return on asset (ROA), and return on equity (ROE) were the profitability proxies (dependent variables). Firm size and firm age were used as control variables in the study. The results of this study indicate that STD and LTD have a negative relationship that consequently has significant effect on LTD and OIM. Other than positive and negative relationships between the capital structure (TD and DER) and profitability, this study also finds that TD and DER have positive significant influence on OIM and ROE, but have negative insignificant relation with ROA. Thus, it is necessary to optimize the capital structure by adjusting the target of capital structure that can provide a balance on the marginal cost and marginal benefit.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133172862","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-15DOI: 10.33830/jom.v15i1.696.2019
Paulus Wardoyo, Lia Kumalasari, Endang Rusdianti
The tight competition in the banking industry has forced management to be creative in serving customers. Research related to product quality and service excellence has been carried out, but the research is still done partially. This research combines product quality and service excellence by utilizing customer satisfaction as a mediating variable in the decision to save again. The study population was customers of deposit accounts. This study used purposive sampling, with a number of respondents as many as 125 people. The analysis technique used was structural equation modeling, the collected data was then processed using AMOS software. After analysis, all hypotheses submitted in this study were considered to be acceptable. The managerial implications of the research are that the service excellence provided by the bank must be a service that can truly be directly felt and provide benefits, so that it can satisfy customers.
{"title":"Quality Product And Excellent Service: The Impact of Repeat Savings Decision","authors":"Paulus Wardoyo, Lia Kumalasari, Endang Rusdianti","doi":"10.33830/jom.v15i1.696.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.696.2019","url":null,"abstract":"The tight competition in the banking industry has forced management to be creative in serving customers. Research related to product quality and service excellence has been carried out, but the research is still done partially. This research combines product quality and service excellence by utilizing customer satisfaction as a mediating variable in the decision to save again. The study population was customers of deposit accounts. This study used purposive sampling, with a number of respondents as many as 125 people. The analysis technique used was structural equation modeling, the collected data was then processed using AMOS software. After analysis, all hypotheses submitted in this study were considered to be acceptable. The managerial implications of the research are that the service excellence provided by the bank must be a service that can truly be directly felt and provide benefits, so that it can satisfy customers.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"67 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124217898","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-14DOI: 10.33830/jom.v15i1.865.2019
Dimas Puja Kuswara, E. Lestari, Tri Kurniawati Retnaningsih
Finding a determinant of profitability has become one of the most popular topics in banking research. Previous research has identified many factors that significantly influence bank profitability. There are also many studies that measure the effectiveness of sharia banking globally, but few analyze the profitability issues of sharia banks. This study aims to analyze the impact of factors affecting profitability in Islamic Banks listed on the Indonesia Stock Exchange. The method used is multiple linear regression analysis. The variables are return on assets as dependent variable and murabahah, musyarakah, mudharabah, branch office, cash office, and Automatic Teller Machine as independent variable. This study found that funding factors such as murabaha, musharaka and conventional and electronic networking factors such as Branch Office, Cash Office, and ATM had positive and significant impact on profitablity of Sharia Bank, while mudharabah had a negative and significant influence on profitablitas Sharia Bank. Sub-Branch Offices also had a negative but insignificant effect on the profitability of Sharia Banks. This result indicated that income on management became the most dominant income in generating profit of sharia banking. However, the management of funds could not work if not supported by Islamic banking channeling tools.
{"title":"Determinant of Islamic Banking Profitability In Indonesia","authors":"Dimas Puja Kuswara, E. Lestari, Tri Kurniawati Retnaningsih","doi":"10.33830/jom.v15i1.865.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.865.2019","url":null,"abstract":"Finding a determinant of profitability has become one of the most popular topics in banking research. Previous research has identified many factors that significantly influence bank profitability. There are also many studies that measure the effectiveness of sharia banking globally, but few analyze the profitability issues of sharia banks. This study aims to analyze the impact of factors affecting profitability in Islamic Banks listed on the Indonesia Stock Exchange. The method used is multiple linear regression analysis. The variables are return on assets as dependent variable and murabahah, musyarakah, mudharabah, branch office, cash office, and Automatic Teller Machine as independent variable. This study found that funding factors such as murabaha, musharaka and conventional and electronic networking factors such as Branch Office, Cash Office, and ATM had positive and significant impact on profitablity of Sharia Bank, while mudharabah had a negative and significant influence on profitablitas Sharia Bank. Sub-Branch Offices also had a negative but insignificant effect on the profitability of Sharia Banks. This result indicated that income on management became the most dominant income in generating profit of sharia banking. However, the management of funds could not work if not supported by Islamic banking channeling tools.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129302401","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-13DOI: 10.33830/jom.v15i1.812.2019
Nazwirman Nazwirman
The purpose of this study was to analyze the effect of compensation, work environment and work discipline on employee performance at Port Corporation. It is important to make decisions for managers in managing the company, especially human resources. The population of this research is all employees of the human resources division. The sampling technique uses saturated sampling, where data is collected using a survey method with a questionnaire instrument. The results showed that all variables had a positive and significant effect on employee performance, both partially and simultaneously. The results of this study confirm that port companies must pay attention to compensation, work environment and work discipline if it expect superior performance of its employees.
{"title":"Analysis of Employee Performance: A Case Study In Port Corporation","authors":"Nazwirman Nazwirman","doi":"10.33830/jom.v15i1.812.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.812.2019","url":null,"abstract":"The purpose of this study was to analyze the effect of compensation, work environment and work discipline on employee performance at Port Corporation. It is important to make decisions for managers in managing the company, especially human resources. The population of this research is all employees of the human resources division. The sampling technique uses saturated sampling, where data is collected using a survey method with a questionnaire instrument. The results showed that all variables had a positive and significant effect on employee performance, both partially and simultaneously. The results of this study confirm that port companies must pay attention to compensation, work environment and work discipline if it expect superior performance of its employees.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"39 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132824134","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-13DOI: 10.33830/jom.v15i1.7.2019
Nazwirman Nazwirman
The purpose of this study is to analyze the effect of compensation, work environment and work discipline on employee performance at the Indonesia Port Corporation. This is important for managers in making decisions in the company, especially matters relating to human resources. The population of this research was all the employees of the human resources division. The sampling technique used was saturated sampling, where data was collected using a survey method, namely a questionnaire. The results showed that all variables had a positive and significant effect on employee performance, both partially and simultaneously. The results of this study confirm that port management companies must pay attention to compensation, work environment and work discipline if it expects superior performance from its employees.
{"title":"Analysis of Employee Performance: A Case Study in Port Corporation","authors":"Nazwirman Nazwirman","doi":"10.33830/jom.v15i1.7.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.7.2019","url":null,"abstract":"The purpose of this study is to analyze the effect of compensation, work environment and work discipline on employee performance at the Indonesia Port Corporation. This is important for managers in making decisions in the company, especially matters relating to human resources. The population of this research was all the employees of the human resources division. The sampling technique used was saturated sampling, where data was collected using a survey method, namely a questionnaire. The results showed that all variables had a positive and significant effect on employee performance, both partially and simultaneously. The results of this study confirm that port management companies must pay attention to compensation, work environment and work discipline if it expects superior performance from its employees.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-13","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115274032","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-12DOI: 10.33830/jom.v15i1.6.2019
R. Wardhani, T. Taufik, L. Fuadah, Sa’adah Siddik
This study aims to determine the differences in the implementation of good university governance at state universities in South Sumatra and Bangka Belitung. The state universities were Bangka Belitung University, Sriwijaya University, Sriwijaya State Polytechnic, and Bangka Belitung Manufacturing Polytechnic. The principles of good university governance in this study include governance structure, autonomy, accountability, leadership, and transparency. The respondents of the study were structural officials. Research data were collected using a questionnaire. The analysis used Friedman different test because the groups comprised new and long-established state universities. The results of the analysis indicate that accountability and transparency in the implementation of good university governance in Bangka Belitung University are different from those in Sriwijaya University. Meanwhile, the implementation of good university governance in Sriwijaya Polytechnic is similar to that in Bangka Belitung Manufacturing Polytechnic.
{"title":"The Implementation of Good University Governance in State Universities","authors":"R. Wardhani, T. Taufik, L. Fuadah, Sa’adah Siddik","doi":"10.33830/jom.v15i1.6.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.6.2019","url":null,"abstract":"This study aims to determine the differences in the implementation of good university governance at state universities in South Sumatra and Bangka Belitung. The state universities were Bangka Belitung University, Sriwijaya University, Sriwijaya State Polytechnic, and Bangka Belitung Manufacturing Polytechnic. The principles of good university governance in this study include governance structure, autonomy, accountability, leadership, and transparency. The respondents of the study were structural officials. Research data were collected using a questionnaire. The analysis used Friedman different test because the groups comprised new and long-established state universities. The results of the analysis indicate that accountability and transparency in the implementation of good university governance in Bangka Belitung University are different from those in Sriwijaya University. Meanwhile, the implementation of good university governance in Sriwijaya Polytechnic is similar to that in Bangka Belitung Manufacturing Polytechnic.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"109 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116033528","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2019-03-01DOI: 10.33830/jom.v15i1.5.2019
Anis Erma Wulandari, H. Harianto, Bustanul Arifin, H. Suwarsinah
Indonesia is the world 4th largest coffee producer after Brazil, Vietnam and Colombia with export potential and higher national consumption concluded in 2017 while the coffee production was relatively stagnant. This was led the producer to not only the production risk but also the price risk which then emphasize the importance of futures markets existence as price risk management. This study is performed to examine the impact of futures price volatility to spot market using ARCH-GARCH toward primary data of coffee futures and spot prices of 1172 trading days starting from January 2014 to June 2018. The ARCH-GARCH analysis result indicates that futures price volatility and monetary variables are impacting the volatility of spot price. Arabica spot price volatility is impacted by volatility of Arabica futures price, inflation and exchange rate while Robusta spot price is impacted by Robusta futures price volatility and exchange rate. This is confirming that futures market plays dominant role in spot price discovery. Local futures and spot prices are also found to be significantly influenced by volatility of offshore futures prices which indicates that emerging country futures market is actually influenced by offshore futures market which the price itself used as price reference.
{"title":"The Impact of Futures Price Volatility to Spot Market : Case of Coffee in Indonesia","authors":"Anis Erma Wulandari, H. Harianto, Bustanul Arifin, H. Suwarsinah","doi":"10.33830/jom.v15i1.5.2019","DOIUrl":"https://doi.org/10.33830/jom.v15i1.5.2019","url":null,"abstract":"Indonesia is the world 4th largest coffee producer after Brazil, Vietnam and Colombia with export potential and higher national consumption concluded in 2017 while the coffee production was relatively stagnant. This was led the producer to not only the production risk but also the price risk which then emphasize the importance of futures markets existence as price risk management. This study is performed to examine the impact of futures price volatility to spot market using ARCH-GARCH toward primary data of coffee futures and spot prices of 1172 trading days starting from January 2014 to June 2018. The ARCH-GARCH analysis result indicates that futures price volatility and monetary variables are impacting the volatility of spot price. Arabica spot price volatility is impacted by volatility of Arabica futures price, inflation and exchange rate while Robusta spot price is impacted by Robusta futures price volatility and exchange rate. This is confirming that futures market plays dominant role in spot price discovery. Local futures and spot prices are also found to be significantly influenced by volatility of offshore futures prices which indicates that emerging country futures market is actually influenced by offshore futures market which the price itself used as price reference.","PeriodicalId":293886,"journal":{"name":"Jurnal Organisasi dan Manajemen","volume":"94 1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132028440","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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