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The Measuring Development Impact with the Social Return on Investment Approach Model 用社会投资回报法衡量发展影响模式
Pub Date : 2024-07-16 DOI: 10.58291/ijmsa.v3i2.264
Efri Syamsul Bahri, Hendro Wibowo, Achmad Ichsan Nusapati
Development has a strategic role in improving community welfare. Development covers the social, economic and environmental fields. Development can be called successful when it significantly impacts various stakeholders. This research uses the Social Return on Investment (SROI) approach model to describe impact measurement. This research uses qualitative methods with a descriptive approach and a literature study. The results of this research show that the impact of development can be measured using the SROI model. Based on the SROI model, measuring development impacts includes three dimensions: social, economic and environmental. Implementing impact measurement is a form of accountability and transparency in development. Therefore, to get an idea of the magnitude of the impact, development in various sectors needs to be measured using the SROI model. Government and non-government organizations can use the SROI model to measure the impact of development that will and has been carried out.
发展在改善社区福利方面发挥着战略性作用。发展涵盖社会、经济和环境领域。当发展对各利益相关方产生重大影响时,就可以称之为成功的发展。本研究采用社会投资回报(SROI)方法模型来描述影响测量。本研究采用定性方法、描述性方法和文献研究。研究结果表明,可以使用 SROI 模型来衡量发展的影响。根据 SROI 模型,衡量发展影响包括三个方面:社会、经济和环境。实施影响衡量是发展中的一种问责制和透明度。因此,为了了解影响的程度,需要使用 SROI 模型来衡量各部门的发展。政府和非政府组织可以使用 SROI 模式来衡量将要和已经开展的发展活动的影响。
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引用次数: 0
Comparison Analysis of Financial Performance and Financial Distress before and during the Covid-19 Pandemic Covid-19 大流行之前和期间的财务业绩和财务困境比较分析
Pub Date : 2024-06-04 DOI: 10.58291/ijmsa.v3i2.237
Irma Citarayani, Melani Quintania, Arini Dwi Apriani
The purpose study was to analyze a comparison of financial performance and financial distress before and during the Covid-19 pandemic in the Hotel, Restaurant, and Tourism sub-sector companies listed on the Indonesia Stock Exchange for the 2018-2021 period. In this study, a comparative descriptive method was used with a quantitative approach to test the impact of Covid-19 on financial performance and financial distress. The final sample of this study was 19 companies based on the elimination of the criteria that were only needed in this study. The proxies used to measure financial performance are profitability ratios (ROA, ROE, and NPM), while financial distress uses the Altman Z-Score model. Furthermore, these ratios were tested with a different test using the Wilcoxon sign rank test. The results showed that there were significant differences in the ratios of financial performance which included ROA, ROE, and NPM. Meanwhile, financial distress (Z-Score) also experienced significant differences between before and during the Covid-19 pandemic.
本研究的目的是分析 2018-2021 年期间在印度尼西亚证券交易所上市的酒店、餐饮和旅游子行业公司在 Covid-19 大流行之前和期间的财务业绩和财务困境比较。本研究采用比较描述法与定量方法来检验 Covid-19 对财务表现和财务困境的影响。在剔除本研究仅需的标准的基础上,本研究的最终样本为 19 家公司。用于衡量财务绩效的代用指标是盈利比率(ROA、ROE 和 NPM),而财务困境则使用 Altman Z-Score 模型。此外,这些比率还采用了不同的检验方法,即 Wilcoxon 符号秩检验。结果显示,财务绩效比率(包括 ROA、ROE 和 NPM)存在显著差异。同时,财务困境(Z-Score)在 Covid-19 大流行之前和期间也存在显著差异。
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引用次数: 0
An Influence of Price and Ease of Purchasing on Tokopedia e-commerce on Consumer Satisfaction during the Covid19 Pandemic Tokopedia 电子商务上的价格和购买便利性对 Covid19 大流行期间消费者满意度的影响
Pub Date : 2024-03-01 DOI: 10.58291/ijmsa.v3i1.211
Melani Quintania, Monica Naomi Julyana Banjarnaho
The number of COVID–19 cases in Indonesia, which continues to show a significant increase, requires the Government to issue physical distancing and social distancing policies. One of the ways that people do to minimize leaving their homes is by shopping online. The ease of purchase factor specifically dominates consumer satisfaction shopping online. This study verifies the effect of price and ease of purchase on E-commerce Tokopedia on consumer satisfaction, either partially or simultaneously. The kind of research used is causality with a quantitative analysis approach. The sampling technique was taken by selecting the subject based on the specific criteria that had been determined, namely the respondent's domicile the number of purchases in the last six months. The number of samples set in this study was 100 respondents. Multiple regression analysis was used in this study, starting with testing the validity of the data and testing the classical assumptions. Research on consumer satisfaction in E-commerce Tokopedia is known that the price factor has a strong enough affect on consumer satisfaction; the effect of ease of purchase is also influential on consumer satisfaction. This study suggests that companies formulate competitive and affordable pricing for consumers, maintain price stabilization, and provide clear information regarding the convenience of shopping at Tokopedia, especially for new consumers.
印尼的 COVID-19 病例数量持续大幅增加,这就要求政府出台物理距离和社会距离政策。人们尽量减少出门的方式之一就是网上购物。购买的便利性是消费者网上购物满意度的主要因素。本研究验证了电子商务 Tokopedia 上的价格和购买便利性对消费者满意度的部分或同时影响。研究采用的是定量分析的因果关系研究方法。抽样技术是根据已确定的具体标准(即受访者的户籍地和过去六个月的购买次数)选择研究对象。本研究设定的样本数量为 100 名受访者。本研究采用了多元回归分析法,首先检验了数据的有效性,然后检验了经典假设。关于电子商务中消费者满意度的研究 Tokopedia 众所周知,价格因素对消费者满意度的影响足够大;购买便利性对消费者满意度的影响也很大。本研究建议企业为消费者制定有竞争力且实惠的价格,保持价格稳定,并提供有关在 Tokopedia 购物便利性的明确信息,尤其是针对新消费者。
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引用次数: 0
Portfolio Optimization: Application and Comparison of Markowitz Model and Single Index Model on LQ45 Stocks in Indonesia Stock Exchange 投资组合优化:马科维茨模型和单一指数模型在印度尼西亚证券交易所 LQ45 股票上的应用与比较
Pub Date : 2024-02-13 DOI: 10.58291/ijmsa.v3i1.210
Budi Oktavianus Yusan, Selamet Riyadi
This paper examines the optimization of an Indonesian stock portfolio using two models: the Markowitz Model (Mean-Variance Model) and the Single Index Model. The data comprises historical returns of LQ 45 stocks from January 2016 to December 2021. The focus is on selecting stocks for the portfolio and determining their weights based on the two models. The study compares the performance of both optimized portfolios with the LQ45 Index benchmark, IHSG market, and each other using Sharpe and Treynor measurements. The paper tests whether the stock composition of the optimized portfolio from both models successfully and consistently generates a better performance in the future (1 January 2022 – 31 December 2022) and (1 January 2023 – 31 December 2023) compared to both LQ45 and IHSG. The results reveal a notable contrast in portfolio performance between 2022 and 2023. In 2022, both the Markowitz and Single Index portfolios exhibited remarkable returns, surpassing LQ 45 and IHSG. However, in 2023, both portfolios experienced substantial underperformance, with negative returns and unfavorable risk-adjusted metrics. These findings underscore the dynamic nature of financial markets and the need for continuous portfolio monitoring and adaptation. Investors are encouraged to reevaluate their portfolio strategies in response to changing market conditions. The study contributes valuable insights into the temporal variability of optimized portfolios and their sensitivity to evolving market dynamics.
本文采用马科维茨模型(均值-方差模型)和单一指数模型这两种模型研究了印度尼西亚股票投资组合的优化问题。数据包括 LQ 45 种股票从 2016 年 1 月到 2021 年 12 月的历史回报。重点是根据两种模型为投资组合选择股票并确定其权重。研究使用夏普(Sharpe)和特雷诺(Treynor)测量法比较了两个优化组合与 LQ45 指数基准、IHSG 市场以及彼此的表现。本文检验了两种模型优化组合的股票组成在未来(2022 年 1 月 1 日 - 2022 年 12 月 31 日)和(2023 年 1 月 1 日 - 2023 年 12 月 31 日)是否能成功且持续地产生优于 LQ45 和 IHSG 的表现。结果显示,2022 年和 2023 年的投资组合表现形成了明显的对比。2022 年,马科维茨投资组合和单一指数投资组合的回报都非常可观,超过了 LQ45 和 IHSG。然而,在 2023 年,这两个投资组合的表现都大幅落后,出现了负回报和不利的风险调整指标。这些发现强调了金融市场的动态性质,以及对投资组合进行持续监控和调整的必要性。我们鼓励投资者根据不断变化的市场条件重新评估其投资组合策略。这项研究为了解优化投资组合的时变性及其对不断变化的市场动态的敏感性提供了宝贵的见解。
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引用次数: 0
Portfolio Optimization: Application and Comparison of Markowitz Model and Single Index Model on LQ45 Stocks in Indonesia Stock Exchange 投资组合优化:马科维茨模型和单一指数模型在印度尼西亚证券交易所 LQ45 股票上的应用与比较
Pub Date : 2024-02-13 DOI: 10.58291/ijmsa.v3i1.210
Budi Oktavianus Yusan, Selamet Riyadi
This paper examines the optimization of an Indonesian stock portfolio using two models: the Markowitz Model (Mean-Variance Model) and the Single Index Model. The data comprises historical returns of LQ 45 stocks from January 2016 to December 2021. The focus is on selecting stocks for the portfolio and determining their weights based on the two models. The study compares the performance of both optimized portfolios with the LQ45 Index benchmark, IHSG market, and each other using Sharpe and Treynor measurements. The paper tests whether the stock composition of the optimized portfolio from both models successfully and consistently generates a better performance in the future (1 January 2022 – 31 December 2022) and (1 January 2023 – 31 December 2023) compared to both LQ45 and IHSG. The results reveal a notable contrast in portfolio performance between 2022 and 2023. In 2022, both the Markowitz and Single Index portfolios exhibited remarkable returns, surpassing LQ 45 and IHSG. However, in 2023, both portfolios experienced substantial underperformance, with negative returns and unfavorable risk-adjusted metrics. These findings underscore the dynamic nature of financial markets and the need for continuous portfolio monitoring and adaptation. Investors are encouraged to reevaluate their portfolio strategies in response to changing market conditions. The study contributes valuable insights into the temporal variability of optimized portfolios and their sensitivity to evolving market dynamics.
本文采用马科维茨模型(均值-方差模型)和单一指数模型这两种模型研究了印度尼西亚股票投资组合的优化问题。数据包括 LQ 45 种股票从 2016 年 1 月到 2021 年 12 月的历史回报。重点是根据两种模型为投资组合选择股票并确定其权重。研究使用夏普(Sharpe)和特雷诺(Treynor)测量法比较了两个优化组合与 LQ45 指数基准、IHSG 市场以及彼此的表现。本文检验了两种模型优化组合的股票组成在未来(2022 年 1 月 1 日 - 2022 年 12 月 31 日)和(2023 年 1 月 1 日 - 2023 年 12 月 31 日)是否能成功且持续地产生优于 LQ45 和 IHSG 的表现。结果显示,2022 年和 2023 年的投资组合表现形成了明显的对比。2022 年,马科维茨投资组合和单一指数投资组合的回报都非常可观,超过了 LQ45 和 IHSG。然而,在 2023 年,这两个投资组合的表现都大幅落后,出现了负回报和不利的风险调整指标。这些发现强调了金融市场的动态性质,以及对投资组合进行持续监控和调整的必要性。我们鼓励投资者根据不断变化的市场条件重新评估其投资组合策略。这项研究为了解优化投资组合的时变性及其对不断变化的市场动态的敏感性提供了宝贵的见解。
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引用次数: 0
How Indomie Survived and Led in the Middle East 印多米公司如何在中东生存和发展
Pub Date : 2024-02-06 DOI: 10.58291/ijmsa.v3i2.133
Amarudin Daulay
The factors contributing to the thriving market penetration of the Indomie brand in the Middle Eastern instant noodle industry. Through an analysis of the brand's localization, affordability, adaptability to dietary needs, marketing, and distribution strategies, the abstract highlights the critical components of Indomie's triumph. The brand's ability to tailor flavors, packaging, and promotional efforts to align with Middle Eastern preferences has played a significant role in its widespread popularity. Moreover, the affordability and accessibility of Indomie products have positioned them as a favored choice across various consumer segments. The brand's recognition and response to dietary considerations, such as halal certification, further underscore its resonance with the regional market. The abstract underscores the insights that can be gleaned from Indomie's success story, particularly in effectively navigating diverse cultural and economic landscapes through strategic alignment and marketing acumen.
Indomie 品牌在中东方便面行业蓬勃发展的市场渗透因素。通过分析该品牌的本地化、可负担性、对饮食需求的适应性、营销和分销战略,摘要强调了 Indomie 取得成功的关键因素。该品牌能够根据中东人的喜好调整口味、包装和促销活动,这对其广受欢迎起到了重要作用。此外,Indomie 产品的经济性和可获得性使其成为不同消费群体的首选。该品牌对清真认证等饮食因素的认可和响应,进一步凸显了其在该地区市场的共鸣。摘要强调了从 Indomie 的成功故事中可以获得的启示,特别是通过战略调整和营销敏锐度有效驾驭不同文化和经济环境方面的启示。
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引用次数: 0
How Indomie Survived and Led in the Middle East 印多米公司如何在中东生存和发展
Pub Date : 2024-02-06 DOI: 10.58291/ijmsa.v3i2.133
Amarudin Daulay
The factors contributing to the thriving market penetration of the Indomie brand in the Middle Eastern instant noodle industry. Through an analysis of the brand's localization, affordability, adaptability to dietary needs, marketing, and distribution strategies, the abstract highlights the critical components of Indomie's triumph. The brand's ability to tailor flavors, packaging, and promotional efforts to align with Middle Eastern preferences has played a significant role in its widespread popularity. Moreover, the affordability and accessibility of Indomie products have positioned them as a favored choice across various consumer segments. The brand's recognition and response to dietary considerations, such as halal certification, further underscore its resonance with the regional market. The abstract underscores the insights that can be gleaned from Indomie's success story, particularly in effectively navigating diverse cultural and economic landscapes through strategic alignment and marketing acumen.
Indomie 品牌在中东方便面行业蓬勃发展的市场渗透因素。通过分析该品牌的本地化、可负担性、对饮食需求的适应性、营销和分销战略,摘要强调了 Indomie 取得成功的关键因素。该品牌能够根据中东人的喜好调整口味、包装和促销活动,这对其广受欢迎起到了重要作用。此外,Indomie 产品的经济性和可获得性使其成为不同消费群体的首选。该品牌对清真认证等饮食因素的认可和响应,进一步凸显了其在该地区市场的共鸣。摘要强调了从 Indomie 的成功故事中可以获得的启示,特别是通过战略调整和营销敏锐度有效驾驭不同文化和经济环境方面的启示。
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引用次数: 0
Analysis of Factors Forming Work-Life Balance in Hotel Employees in the Special Regional Province of Yogyakarta 日惹特区酒店员工工作与生活平衡的形成因素分析
Pub Date : 2023-11-20 DOI: 10.58291/ijmsa.v3i1.149
Ambar Kusuma Astuti, Alfa Santoso Budiwidjojo Putra, Purnawan Hardiyanto
Hospitality has a strategic role in supporting the smooth running of the tourism industry. However, high job demands often cause employees to experience fatigue. So that all activities carried out run harmoniously, employees need to experience work-life balance. This study uses role theory to observe the phenomena of an employee's work and non-work life. The location for primary data collection was the Special Region of Yogyakarta Province, Indonesia. The research respondents were married hotel employees. The questionnaire uses a Likert scale with five choices. The research instrument was adapted from previous studies. The number of questionnaires that can be processed is ninety-six. The data analysis technique uses exploratory factor analysis. Before factor analysis was carried out, the primary data collected was filtered first using KMO and Bartlett's Test of Sphericity. Varimax is used to determine new factors. From the test, six factors shape work-life balance. The names of the new factors include a meaningful career, family obligations, diligent work, a comfortable home, fun at work, and how to be successful. Meanwhile, the most dominant factor is a meaningful career.
酒店业在支持旅游业平稳运行方面发挥着战略性作用。然而,高强度的工作要求往往会让员工感到疲劳。为了使所有活动和谐进行,员工需要体验工作与生活的平衡。本研究采用角色理论来观察员工的工作和非工作生活现象。原始数据收集地点为印度尼西亚日惹省特区。研究对象为已婚酒店员工。问卷采用李克特量表,共有五个选项。研究工具改编自以往的研究。可处理的问卷数量为 96 份。数据分析技术采用探索性因子分析。在进行因子分析之前,首先使用 KMO 和巴特利特分散性检验法对收集到的原始数据进行筛选。采用 Varimax 方法确定新的因子。通过检验,有六个因素决定了工作与生活的平衡。新因素的名称包括:有意义的事业、家庭责任、勤奋工作、舒适的家、工作中的乐趣以及如何获得成功。其中,最主要的因素是有意义的事业。
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引用次数: 0
The Influence of Work Experience on Work Productivity with Job Satisfaction as Mediator 以工作满意度为中介看工作经验对工作效率的影响
Pub Date : 2023-09-30 DOI: 10.58291/ijmsa.v2i2.151
Joko Muji Subagyo, Deni Widyo Prasetyo, W. Wasis
Tofu is one of the most famous processed soybean food products in Indonesia. Research Object of the Z Tofu Factory in Jombang Regency. The problem with the Z tofu factory is that the raw materials produced for making products do not all become finished tofu products, every month there are always damaged products from the production output, this shows that employee productivity is not yet optimal. The sample used in this research used saturated sampling, namely all employees in the production section at the tofu factory, totalling 45 employees. Data analysis uses path analysis with SPSS. The research results explain that there is a significant positive influence of work experience on job satisfaction, meaning that the more employees have more experience at work, the more satisfied employees are in their work. There is a significant positive influence of work experience on employee work productivity, meaning that the more experience the employee has at work, the higher the employee's work productivity. There is a significant positive influence of job satisfaction on employee work productivity, meaning that if employees feel satisfied with their work, employee work productivity will increase. Job satisfaction is an intervening or mediating variable between work experience and employee work productivity. The findings in this research are that employee experience of more than 5 years is able to provide satisfaction with work results so that it can increase work productivity. The conclusion of this research is that work experience has a positive effect on job satisfaction, work experience has a positive effect on work productivity, job satisfaction has a positive effect on work productivity, job satisfaction is a mediator between work experience and employee work productivity.
豆腐是印度尼西亚最著名的大豆加工食品之一。裕廊省 Z 豆腐坊的研究对象。Z 豆腐厂存在的问题是,生产产品的原材料并没有全部变成豆腐成品,每个月的产量中总会有损坏的产品,这说明员工的生产效率还没有达到最佳状态。本研究使用的样本为饱和抽样,即豆腐厂生产部门的所有员工,共计 45 人。数据分析使用 SPSS 进行路径分析。研究结果表明,工作经验对工作满意度有显著的正向影响,即工作经验越丰富的员工对工作的满意度越高。工作经验对员工的工作效率有明显的正向影响,即员工的工作经验越丰富,员工的工作效率越高。工作满意度对员工的工作效率有明显的正向影响,也就是说,如果员工对自己的工作感到满意,员工的工作效率就会提高。工作满意度是工作经验与员工工作效率之间的干预变量或中介变量。本研究的结论是,5 年以上的工作经验能够让员工对工作结果感到满意,从而提高工作效率。本研究的结论是,工作经验对工作满意度有积极影响,工作经验对工作效率有积极影响,工作满意度对工作效率有积极影响,工作满意度是工作经验和员工工作效率之间的中介变量。
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引用次数: 0
Factors influencing Brand Loyalty for Scarlett Whitening products in Jakarta 影响雅加达Scarlett美白产品品牌忠诚度的因素
Pub Date : 2023-09-02 DOI: 10.58291/ijmsa.v2i2.123
Erika Erika, R. Rodhiah
This study intends to investigate the effects of three important variables on brand loyalty for Scarlett Whitening products among Jakartan consumers: brand image, brand experience, and brand trust. The study used a quantitative methodology and a survey method to examine data from 100 customers who had at least three purchases of the product. Structural Equation Modeling (SEM) was used to process the data, and the results made it abundantly evident that all three variables greatly affect brand loyalty. The research is helpful for both corporations and academic scholars. For academics, it offers a well-organized overview of the factors influencing brand loyalty, acting as a valuable starting point for further study. Additionally, it implies that future study should think about varying the research factors and increasing the sample size to obtain more diverse results. The findings provide critical consumer behavior insights for businesses, particularly Scarlett Whitening, and emphasize the necessity to concentrate on enhancing brand image, experience, and trust to increase customer loyalty. The study paves the way for future research that will be more thorough and serves as a roadmap for efficient brand management tactics.
本研究旨在探讨品牌形象、品牌体验和品牌信任这三个重要变量对雅加达消费者对思嘉美白产品品牌忠诚度的影响。该研究采用了定量方法和调查方法,对100名至少购买过三次该产品的顾客的数据进行了分析。使用结构方程模型(SEM)对数据进行处理,结果充分表明,这三个变量都对品牌忠诚度有很大影响。本研究对企业和学者都有借鉴意义。对于学者来说,它为影响品牌忠诚度的因素提供了一个有组织的概述,为进一步研究提供了一个有价值的起点。此外,这意味着未来的研究应该考虑改变研究因素,增加样本量,以获得更多样化的结果。研究结果为企业提供了重要的消费者行为见解,特别是Scarlett美白,并强调了专注于提升品牌形象、体验和信任以提高客户忠诚度的必要性。该研究为未来更深入的研究铺平了道路,并为有效的品牌管理策略提供了路线图。
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引用次数: 0
期刊
International Journal of Management Science and Application
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