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Comparing Cost Leadership Strategy with Differentiation Strategy towards Firm Performance on Jakarta Islamic Index 成本领先战略与差异化战略对雅加达伊斯兰指数企业绩效的影响比较
Pub Date : 2020-03-26 DOI: 10.21512/TW.V21I1.5963
S. Surono, T. Suryanto, Erike Anggraini
The research aimed to examine the effect of cost leadership strategy and differentiation strategy on company’s performance. It was conducted in companies listed in the Jakarta Islamic Index from 2014 to 2018. Purposive sampling was used to obtain samples from 12 companies. Analysis was done by multiple linear regression with the help of the IBM SPSS 23 statistical program for windows with a quantitative descriptive approach. The results show that the cost leadership strategy influences company’s performance compared to differentiation strategy. The implementation of a low-cost strategy is significantly relevant to the condition of people who are sensitive to price and are not much aware about brand products in decision making. The design of a unique item model does not determine success in marketing a product, the relative price offered is quite high and only in certain market segments the product is of public interest. Product quality is defeated by the quantity of goods, people prefer how much goods are obtained than the durability of the products consumed.
本研究旨在探讨成本领先战略和差异化战略对公司绩效的影响。该研究于2014年至2018年在雅加达伊斯兰指数上市的公司中进行。采用目的抽样的方法,从12家公司获得样本。在IBM SPSS 23统计程序的帮助下,采用定量描述方法,通过多元线性回归进行分析。结果表明,与差异化战略相比,成本领先战略对公司绩效的影响更大。低成本战略的实施与那些对价格敏感、对品牌产品不太了解的人在决策中的状况有显著的相关性。一个独特的产品模型的设计并不能决定一个产品的市场营销是否成功,它提供的相对价格相当高,只有在某些细分市场,这个产品才会引起公众的兴趣。商品的数量打败了产品的质量,人们更喜欢获得多少商品,而不是消费产品的耐用性。
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引用次数: 4
Effective Advertising Location in the Commuter Line: Study Cases in Jakarta and Surrounded Cities in Indonesia 通勤线路的有效广告定位:以雅加达和印尼周边城市为例
Pub Date : 2020-03-26 DOI: 10.21512/TW.V21I1.6242
Levyda Levyda, Tri Nur Ismi
The aims of the research were to determine the most effective advertising location compared to various available locations and to examine the behavior of commuter line passengers. The research was conducted at six train stations and samples were taken by a purposive sampling method. Data were collected by a structured interview. The Chi-square test was used to find out the differences of the advertising locations’ effectiveness, while a ranking method was used to determine the effectiveness of advertising locations. Eight locations were rated by passengers. The results reveal that the effectiveness of each location on the commuter line has proven to be different and the most effective advertising location is the hanging alley.
这项研究的目的是确定最有效的广告位置与各种可用的位置相比较,并检查通勤线路乘客的行为。本研究在六个火车站进行,采用有目的抽样方法进行样本采集。数据通过结构化访谈收集。使用卡方检验来发现广告位置有效性的差异,使用排名法来确定广告位置的有效性。乘客对8个地点进行了评级。结果表明,通勤线路上每个位置的广告效果是不同的,其中最有效的广告位置是悬挂巷。
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引用次数: 0
Risk Profile, Secure Bond, and Bond Rating in Banking Industry 银行业的风险概况、安全债券和债券评级
Pub Date : 2020-03-16 DOI: 10.21512/TW.V21I1.6136
Eri Wijayanti, I. Yuliana
The research aimed to assess the impact of the Risk Profile on the banking industry bond ratings in Indonesia Stock Exchange (IDX) and have a rating for bonds at PT PEFINDO. Sampleswere selected by purposive sampling method. The population were banks listed on the Indonesia Stock Exchange in 2015-2018. The population was 44 banks and 16 banks were selected as samples. The analysis a used descriptive statistics and Partial Least Square (PLS) for testing structural and structural models. The results show that Non-Performing Loan (NPL)and Loan to Deposit Ratio (LDR) directly have a significant direct positive effect on bond ratings, and security directly do not have a significant effect on bond ratings, security strengthen risk relationships credit with a bond rating. However, security weakens the relationship between liquidity risk and the bond rating. The variables indicate that these variables can explain the bond rating of 44,4% while the remaining 55,6% is influenced by other variables not contained in the research model.
该研究旨在评估风险概况对印度尼西亚证券交易所(IDX)银行业债券评级的影响,并对PT PEFINDO的债券进行评级。采用目的抽样法选取样本。人口是2015-2018年在印度尼西亚证券交易所上市的银行。总体为44家银行,选取16家银行作为样本。分析使用描述性统计和偏最小二乘(PLS)来测试结构和结构模型。结果表明,不良贷款(NPL)和存贷比(LDR)直接对债券评级有显著的直接正向影响,而证券对债券评级没有直接的显著影响,证券强化了信用与债券评级之间的风险关系。然而,证券弱化了流动性风险与债券评级之间的关系。变量表明,这些变量可以解释债券评级的44.4%,而其余的55.6%受到研究模型中未包含的其他变量的影响。
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引用次数: 3
Impact of Liquidity, Ownership, Global Financial Crisis, and Capital Adequacy Ratio on Indonesian Banking Profitability Period 2007-2016 流动性、所有权、全球金融危机和资本充足率对2007-2016年印尼银行业盈利能力的影响
Pub Date : 2020-03-16 DOI: 10.21512/TW.V21I1.6012
Agustinus Winoto, Y. Bustaman
The purpose of the research was to analyse the effect of liquidity, ownership, and global financial crisis on Indonesian Banking profitability. The research focused on conventional bank exclude sharia-bank and rural bank/BPR, owned by foreign-party, local-party or mixed-party, period 2007 to 2016. Data were retrieved from Indonesia Bank regulator which is Otoritas Jasa Keuangan’s website. For liquidity, liquidity ratio, loan to funding ratio, and cash ratio were used. Meanwhile ownership and global financial crisis used dummy variable. The research divided bank to foreign and mixed party, and local bank in the years of crisis that were 2008 and 2009. Ordinary Least Square method were used with Net Interest Margin as dependent variable, a control variable, and capital adequacy ratio. The result finds that there is no significant connection between liquidity and ownership on profitability, while crisis has significant connection on profitability.
本研究的目的是分析流动性、所有权和全球金融危机对印尼银行业盈利能力的影响。研究集中在2007年至2016年期间的传统银行,不包括伊斯兰银行和农村银行/BPR,外资银行,本地银行或混合银行。数据来自印尼银行监管机构Otoritas Jasa Keuangan的网站。对于流动性,我们使用了流动性比率、贷款资金比率和现金比率。同时,所有权和全球金融危机使用了虚拟变量。在2008年和2009年的经济危机时期,研究将银行分为外资混合银行和本土银行。采用普通最小二乘法,以净息差为因变量,以资本充足率为控制变量。结果发现,流动性和所有权对盈利能力的影响不显著,而危机对盈利能力的影响显著。
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引用次数: 3
Trade Integration Indonesia-ASEAN4 in AEC Era: A Case of Wood-based Products AEC时代的印尼-东盟贸易一体化:以木制品为例
Pub Date : 2020-02-24 DOI: 10.21512/TW.V21I1.5888
P. Tan
The research was conducted to find out the level integration intensity using Grubel-Lloyd index. Moreover, since Horizontal and Vertical Intra-Industry Trade (IIT) could be distinguished, it was important to find out whether Indonesia-ASEAN4 IIT of wood-based products was in one of these categories. The Hufbauer index had been used as the measurement of product differentiation. Therefore, it could be the basic information for taking policy to boost Indonesia-ASEAN IIT for this industry. The data used comprise annual statistics of wood-based product export and import between Indonesia and ASEAN4 from 2010 to 2016 which were divided into eight categories of five digits ISIC. The Grubel-Lloyd index result shows that only ISIC 16102 has achieved strong integration, the others are still in mild and even weak integration. The Hufbauer index results show that all the values approached to zero, indicated that overall wood-based products traded by Indonesia-ASEAN4 are horizontally differentiated.
研究采用格鲁贝尔-劳埃德指数来确定水平整合强度。此外,由于横向和纵向产业内贸易是可以区分的,因此重要的是要查明印尼-东盟木材产品的横向和纵向产业内贸易是否属于这些类别之一。赫夫鲍尔指数被用来衡量产品的差异化。因此,这可以作为制定政策促进该行业印尼-东盟IIT发展的基本信息。使用的数据包括2010年至2016年印度尼西亚和东盟之间木制品进出口的年度统计数据,这些数据分为8类,每类5位数。Grubel-Lloyd指数结果显示,只有ISIC 16102实现了强整合,其余仍处于轻度甚至弱整合。Hufbauer指数结果表明,所有值都接近于零,表明印尼-东盟木材产品贸易总体上存在水平分化。
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引用次数: 0
Optimum Portfolio Analysis of Black-Litterman Model in The Indonesian Stock Exchange on Consumer Goods Industrial Sector 印尼证券交易所消费品工业板块Black-Litterman模型的最优投资组合分析
Pub Date : 2020-02-24 DOI: 10.21512/TW.V21I1.5954
M. Pudjiani, Y. Syaukat, T. Irawan
The aim of the research was to identify the allocation of optimum portfolio formation in consumer goods sector at Indonesian Stock Exchange from 2014 to 2018 by using Black-Litterman model. This quantitative research used secondary data on stock prices of the consumer goods sector on the Indonesian Stock Exchange from January 2014 to December 2018 which was obtained from Yahoo Finance and the Indonesia Stock Exchange. Four stocks formed the optimum portfolio of consumer goods sector identified by using Black-Litterman model. Those are stocks of PT Indofood CBP Sukses Makmur Tbk, PT Kimia Farma Tbk, PT Indofarma Tbk, PT Indofarma Tbk, and PT HM Sampoerna Tbk. The results show that stock with the biggest proportion was ICBP’s with proportion of 68,5379%. Meanwhile the smallest proportion was INAF’s, which is 3,0277%. The mean return was calculated from this proportion, resulting in 3,678% while the risk value was 1,471%.
本研究的目的是利用Black-Litterman模型,确定2014 - 2018年印尼证券交易所消费品行业的最优投资组合配置。本定量研究使用了2014年1月至2018年12月印度尼西亚证券交易所消费品行业股票价格的二手数据,这些数据来自雅虎财经和印度尼西亚证券交易所。利用Black-Litterman模型确定了四个个股构成了消费品板块的最优投资组合。这些是PT Indofood CBP Sukses Makmur Tbk, PT Kimia Farma Tbk, PT Indofarma Tbk, PT Indofarma Tbk和PT HM Sampoerna Tbk的股票。结果表明,占比最大的股票为ICBP,占比为685379%。与此同时,印度空军的比例最小,为30277%。根据这个比例计算平均收益,得到3678 %,而风险值为1471 %。
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引用次数: 1
Cyberbullying Phenomenon of High School Students: An Exploratory Study in West Kalimantan, Indonesia 高中生网络欺凌现象:印尼西加里曼丹的探索性研究
Pub Date : 2020-02-11 DOI: 10.21512/TW.V21I1.5878
W. Setiawan, Vernawati Eva Fitrisna, Fairuz Michellianouva, Celly Septine Mayliza
Cyberbullying became a common occurrence among teenagers in the world today. The aim of research was to explore the cyberbullying experience of high school students in West Kalimantan. The research was conducted to identify internet usage and online activities that led to cyberbullying victimization. The methods used a questionnaire collected during June 2019 from 50 students (25 males and 25 females) graded 10 to 12, and used a one-way ANOVA analysis. Significant gender differences were found which indicated that boys were more often involved in cyberbullying both as the perpetrator and the victim. Students with lower academic achievement tend to be online perpetrators than students with better academic performance. The research investigated how cyber oppression impacts both as a perspective of victimization and persecution, discussing the practice of reporting students to parents, school officials and other adults. Parental and teacher supervision as a strategy reduces student involvement in cyberbullying and generates awareness among students. The result implies that schools have an important role in teaching cybersecurity, adding cyberbullying subject in the curriculum, and sharing experiences with students.
网络欺凌在当今世界的青少年中已经成为一种普遍现象。本研究旨在探讨西加里曼丹地区高中生的网络霸凌经历。这项研究是为了确定导致网络欺凌受害者的互联网使用和在线活动。该方法使用了2019年6月从50名10至12年级的学生(25名男生和25名女生)中收集的问卷,并使用了单向方差分析。性别差异显著,这表明男孩更经常参与网络欺凌,无论是作为肇事者还是受害者。学习成绩较差的学生比学习成绩较好的学生更容易成为网络犯罪者。该研究从受害和迫害的角度调查了网络压迫是如何影响的,讨论了向家长、学校官员和其他成年人报告学生的做法。家长和教师监督作为一种策略可以减少学生对网络欺凌的参与,并提高学生的意识。结果表明,学校在网络安全教学、在课程中增加网络欺凌科目以及与学生分享经验方面发挥着重要作用。
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引用次数: 1
Factors Impacting Customer Attitude toward Buying Halal Cosmetics in Jabodetabek 影响Jabodetabek消费者购买清真化妆品态度的因素
Pub Date : 2020-02-11 DOI: 10.21512/TW.V21I1.5873
Ni Made Adelia Clarita, shannon baladewa zimbalist, Rini Setiowati
The research aimed to analyze the relationship between religiosity, product involvement, customers’ knowledge toward customers’ attitudes on halal cosmetics, and the relationship between customers’ attitudes on halal cosmetics towards customers’ intention to buy them. The research used a self – administrated questionnaire with close-ended questions. The questionnaire was distributed as pretest to 30 respondents offline. Furthermore, the researchers received answers from 302 respondents out of 350 that were distributed. To assess the relationship between knowledge, involvement, and religiosity, a structural equation modeling technique was used. Data were analyzed using Smart PLS software to test validity and reliability. The findings its show that there is a positive relationship between knowledge, religiosity, and product involvement towards costumers’ attitudes of halal cosmetics on Indonesian Muslim women. Moreover, the results indicate that Muslim women in Indonesia have more positive attitudes and intentions towards halal cosmetic products. The results of the research give implications to the firm in competing for the general and international brands for the halal cosmetic industry.
本研究旨在分析宗教信仰、产品投入、消费者对清真化妆品态度的了解程度,以及消费者对清真化妆品态度与消费者购买意愿之间的关系。该研究采用封闭式问题的自我管理问卷。问卷作为预测发放给30名线下受访者。此外,研究人员还收到了350名受访者中302人的回答。为了评估知识、参与和宗教信仰之间的关系,我们使用了结构方程建模技术。采用Smart PLS软件对数据进行分析,检验效度和信度。研究结果表明,知识、宗教信仰和产品参与与印尼穆斯林女性消费者对清真化妆品的态度呈正相关。此外,研究结果表明,印尼穆斯林女性对清真化妆品的态度和意向更为积极。研究的结果给启示公司在竞争一般和国际品牌的清真化妆品行业。
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引用次数: 1
Integrated Reporting and Investment: How are They Related? 综合报告与投资:它们是如何关联的?
Pub Date : 2020-02-11 DOI: 10.21512/TW.V21I1.5805
Bernadeta Susilo Martanti, Dessy Astuti Hermanto, Elin Noviyanti, Windy Rizkika Andriany
The research aimed to explore how integrated reporting potentially impact the investor decision within mandatory and voluntary regulation. The method used was exploration of arguments from several researchers, either from theoretical and empirical basis, or literature review.  The method of this qualitative research was dividing the literature into categories which in this research would be mandatory and voluntary regulations. The sub categories were divided by two countries which were Africa and The United States as research objects. The result and discussion were integrated reporting increases the value relevance of information produced by the company and underline the way companies create a value over the short until long term by informing business model, corporate strategy, and forecasting view. The result shows that Integrated Reporting will be more useful if the Government mandates the regulation like in Africa. It is considered that when Integrated Reporting potentially impacts the investors’ decision assured by professional services, these disclosures will be more accurate and reliable. A contribution for the government to create a clear regulation of the integrated report and provide an assurance service to assure the accuracy of information in the Integrated Report will be our expectation.
本研究旨在探讨在强制性和自愿性监管下,综合报告对投资者决策的潜在影响。本文采用的方法是对几位研究人员的观点进行探讨,或从理论和实证基础出发,或从文献综述出发。本定性研究的方法是将文献分为强制性法规和自愿性法规两类。这些子类别是根据非洲和美国这两个国家作为研究对象划分的。结果和讨论是,综合报告增加了公司产生的信息的价值相关性,并强调了公司通过告知商业模式、公司战略和预测视图,从短期到长期创造价值的方式。结果表明,如果政府像非洲那样强制规定,综合报告将更有用。认为当综合报告对专业服务保证的投资者决策产生潜在影响时,这些披露将更加准确和可靠。我们希望政府能够对综合报告做出明确的规定,并提供确保综合报告信息准确性的保证服务。
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引用次数: 0
The Impact of Halal Label, Price, And Brand on the Purchase Decision of Bakso Wagyu in Kota Wisata Cibubur Kota Wisata Cibubur清真标签、价格和品牌对Bakso和牛购买决策的影响
Pub Date : 2019-10-22 DOI: 10.21512/tw.v20i2.5891
Freddy Pandapotan Simbolon
The objective of this research was to examine the impact of halal labels, prices, and brand on the purchase decision to buy Bakso Wagyu in Kota Wisata Cibubur. It used associative research, and data were collected through a field survey from the Bakso Wagyu outlet in Kota Wisata Cibubur. A set of questionnaires was distributed to 96 customers of Bakso Wagyu outlet in Kota Wisata Cibubur. Multiple regression analysis assessed the impact on purchase decisions of three key constructs of the halal label, price, and brand. The analysis method used correlation analysis, multiple regressions, and hypothesis testing. The results show three components, namely halal label, price, and brand, simultaneously have a significant influence on the purchase decision. However, the halal label was a variable. That are has the most dominant impact. This research indicates the results that halal labels are important for imported products that are consumed by Indonesian people who are mostly Muslim.
本研究的目的是检查清真标签,价格和品牌对购买Kota Wisata Cibubur的Bakso和牛的购买决策的影响。它使用了关联研究,并通过在Kota Wisata Cibubur的Bakso Wagyu门店进行实地调查收集数据。一套调查问卷分发给96名顾客的Bakso Wagyu在Kota Wisata Cibubur店。多元回归分析评估了清真标签、价格和品牌三个关键结构对购买决策的影响。分析方法采用相关分析、多元回归和假设检验。结果表明,清真标签、价格和品牌三个组成部分同时对购买决策产生显著影响。然而,清真标签是一个变量。这是最主要的影响。这项研究表明,清真标签对主要是穆斯林的印度尼西亚人消费的进口产品很重要。
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引用次数: 4
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Journal the Winners
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