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THE MEDIATING ROLE OF DEBT AND DIVIDEND POLICY ON THE EFFECT PROFITABILITY TOWARD STOCK PRICE 债务和股利政策对盈利能力对股价影响的中介作用
Pub Date : 2020-03-30 DOI: 10.9744/jmk.22.1.1-10
Akhmadi Akhmadi, Nurohman Nurohman, R. Robiyanto
This study aimed to obtain an empirical explanation of the role of debt policy and dividend policy as variables mediating the influence of profitability on stock prices. This study used six mining companies listed on the Indonesia Stock Exchange (IDX) during the period of 2012–2016 as samples, hence there were 30 observational data. The sampling technique in this study was purposive sampling. This study found that profitability had a positive effect on stock prices, but the increasing profitability would not necessarily reduce the debt policy. The increasing profitability did not significantly increase the dividend policy, however, increasing dividend policy would increase the stock prices. The results also proved that debt and dividend policy did not mediate the influence of return on equity on the stock prices.
本研究旨在对债务政策和股利政策作为变量中介盈利能力对股价影响的作用进行实证解释。本研究以2012-2016年在印尼证券交易所(IDX)上市的6家矿业公司为样本,共30个观测数据。本研究的抽样方法为目的抽样。本研究发现,盈利能力对股价有正向影响,但盈利能力的提高并不一定会降低债务政策。盈利能力的提高并没有显著提高股利政策,但提高股利政策会提高股价。结果也证明债务和股利政策并没有中介净资产收益率对股价的影响。
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引用次数: 4
ONLINE CONSUMER ANALYSIS OF INDONESIAN TRADITIONAL BATIK PRODUCTS 在线消费者分析印尼传统蜡染产品
Pub Date : 2020-03-30 DOI: 10.9744/jmk.22.1.11-20
H. Semuel
This study aims to understand website user behavior and online shopping behavior intentions through website facilities and to address the problems of Indonesian traditional batik SMEs in carrying out online marketing. Web services are seen from the security, navigation capabilities, and visual appeal of the website. The study was conducted on 150 students and 96 SME batik owners who have positioned themselves as potential consumers. The respondents were asked to visit the Legendabatik.com website and then answer the questionnaire in the google form. The results found that all website facilities have a positive effect on intention to use, only visual appeal has a direct positive effect on online behavioral intentions, while intention to use has a strong positive influence on online behavioral intentions. So website management needs to prioritize the visual appeal to increase online shopping behavior intention
本研究旨在通过网站设施了解网站用户行为和网上购物行为意图,解决印尼传统蜡染中小企业开展网络营销的问题。Web服务是从网站的安全性、导航功能和视觉吸引力来看的。这项研究是对150名学生和96名将自己定位为潜在消费者的中小型蜡染店主进行的。受访者被要求访问Legendabatik.com网站,然后在谷歌表格中回答问卷。结果发现,所有的网站设施都对使用意愿有正向影响,只有视觉吸引力对上网行为意愿有直接的正向影响,而使用意愿对上网行为意愿有强烈的正向影响。因此,网站管理需要优先考虑视觉吸引力,以增加网上购物的行为意愿
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引用次数: 2
COMPETENCE OR COMMUNICATION: FROM HR PROFESSIONALS TO EMPLOYEE PERFORMANCE VIA EMPLOYEE SATISFACTION 能力或沟通:从人力资源专业人员到员工绩效,通过员工满意度
Pub Date : 2020-03-30 DOI: 10.9744/jmk.22.1.33-44
Fredson Kotamena, Pierre Senjaya, Ratna Setyowati Putri, Carter Bing Andika
The motivation behind this investigation was to find out the relationship between competence and communication skills of human resources professionals and employee satisfaction, as mediating variables, to improve employee performance. This study also aimed to examine the direct relationship between competence and communication skills of human resources professionals and employee performance. For data collection, a questionnaire was sent to 60 employees from the level of Section Head to Senior Manager or those directly involved in the production process and other supporting functions. The result of this study showed that the competence level of human resources professionals did not have any significant relation with employee satisfaction and employee performance. In contrast, the communication skills of human resources professionals had a significant impact on employee satisfaction and indirect correlation with employee performance; employee performance increases if employee satisfaction increases. Consequently, to be able to increase employee satisfaction, HR professionals must improve their communication skills
本次调查的动机是为了找出人力资源专业人员的胜任力和沟通技巧与员工满意度之间的关系,并以此作为中介变量来提高员工绩效。本研究亦旨在探讨人力资源专业人员的胜任力、沟通技巧与员工绩效之间的直接关系。为了收集数据,我们向60名从科长到高级经理级别的员工或直接参与生产过程和其他支持职能的员工发送了一份问卷。本研究结果显示,人力资源专业人员的胜任力水平与员工满意度和员工绩效没有显著的关系。人力资源专业人员的沟通技巧对员工满意度有显著影响,与员工绩效有间接相关;员工满意度提高,员工绩效也会提高。因此,为了能够提高员工满意度,人力资源专业人员必须提高他们的沟通技巧
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引用次数: 3
DETERMINANT FACTORS THAT INFLUENCE ENTREPRENEURIAL INTENTION AMONG STUDENTS IN MALAYSIA 影响马来西亚学生创业意向的决定因素
Pub Date : 2020-03-01 DOI: 10.9744/JMK.22.1.80-86
L. M. Hong, Muhammad Azim Abu Hassan Sha’ari, W. Zulkiffli, Roslizwati Che Aziz, Mohammad Ismail
The unemployment among university students become main issues in Malaysia since the increasing number of umnemployed graduates from higher education institution. In order to minimize this issue, entrepreneurship become one of the main solutions especially for higher education institution in Malaysia. This including the Kolej Islam Antarabangsa Sultan Ismail Petra (KIAS), Kelantan, Malaysia which provided entrepreneurship as main core subjects for their program of studies. Thus, this research tends to examine the factors that influence entrepreneurial intention among diploma student at Kolej Islam Antarabangsa Sultan Ismail Petra (KIAS) by using The Theory of Planned Behaviour (TPB). Quantitative research design has been where 100 set of questionnaires has been distributed to target respondents in order to get the necessary information. All data were panalyzed using SmartPLS software. The finding shows that attitude and entrepreneurial education are significant towards entrepreneurship intention. Therefore, this study is expected to provide a significant insight towards higher institutions, public as well as government about entrepreneurial intention.
随着高等教育机构毕业生失业人数的增加,大学生失业成为马来西亚的主要问题。为了最大限度地减少这一问题,创业成为马来西亚高等教育机构的主要解决方案之一。其中包括马来西亚吉兰丹州苏丹伊斯梅尔佩特拉大学(KIAS),该大学将创业作为其研究计划的主要核心科目。因此,本研究倾向于运用计划行为理论(TPB)来考察KIAS大学毕业班学生创业意向的影响因素。定量研究设计是向目标受访者发放100份问卷,以获得必要的信息。所有数据均使用SmartPLS软件进行分析。研究发现,态度和创业教育对创业意向有显著影响。因此,本研究可望为高等院校、公众及政府提供有关创业意向的重要见解。
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引用次数: 4
KNOWLEDGE, EXPERIENCE, FINANCIAL SATISFACTION, AND INVESTMENT DECISIONS: GENDER AS A MODERATING VARIABLE 知识、经验、财务满意度和投资决策:性别是一个调节变量
Pub Date : 2020-03-01 DOI: 10.9744/JMK.22.1.57-64
T. Pertiwi, Nuruni Ika Kusuma Wardani, Icasania Septentia
This research aimed to analyze and examine the effect of financial ex­pe­ri­ence, financial knnowledge, and financial satisfaction to the decision making of in­vestor’s investment with gender as a moderation variable. The method of analysis employed was Partial Least Square (PLS). Meanwhile, the research re­sult showed that the knowledge variable, experience, and financial satisfac­tion significantly af­fected to the decision making of investment. However, gen­der as a moderation va­riable was not significantly strengthening to that re­la­tion­­ship. Finally, it could be con­cluded that in decision making we had to con­sider several factors like know­ledge, experience, and satisfaction in efforts to in­crease the investor’s prosperity or well-being.
本研究以性别为调节变量,分析检验财务经验、财务知识、财务满意度对投资者投资决策的影响。采用偏最小二乘法(PLS)进行分析。同时,研究结果表明,知识变量、经验和财务满意度对投资决策有显著影响。然而,性别作为一个调节变量并没有显著加强这种关系。最后,可以得出结论,在决策中,我们必须考虑几个因素,如知识,经验和满意度,以努力增加投资者的繁荣或福祉。
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引用次数: 6
GENERATIONAL DIVERSITY, PERSONAL ATTRIBUTES AND ORGANIZATIONAL COMMITMENT AMONG EMPLOYEES OF CORPORATE CONSULTANCIES 企业咨询公司员工的代际多样性、个人属性与组织承诺
Pub Date : 2020-03-01 DOI: 10.9744/JMK.22.1.65-72
Purani Verasamy, Abdul Halim Abdul Majid, Noor Asma Jamaluddin
The main objective of this paper was to examine relationships of generational diversity, personal attributes (i.e., work values; attitudes and behavior; and interpersonal skills) on organizational commitment among employees of corporate consultancies. The research framework contained four independent variables which were generational diversity, work values, attitude and behavior, and interpersonal skills. Meanwhile the dependent variable was organizational commitment (i.e., affective, continuance and normative). The survey was conducted among employees of 15 corporate consultancies in Kuala Lumpur. A total of 436 questionnaires were distributed and 241 questionnaires were returned which represented a response rate of 55.27%. Statistical Package software for Social Science (SPSS) Version 24.0 was used to analyze the data. One-Way ANOVA and Pearson correlation coefficient were used to test the hypothesis. It was found that there was a significant difference among the three generations of workforce (i.e., Baby Boomers, generation X and generation Y) on organizational commitment (affective, continuance and normative). Further, the Pearson correlation coefficient revealed that there were significant relationships between work values, attitude and behavior, and interpersonal skills of the three generations (Baby Boomers, generation X and generation Y) towards organizational commitment (affective, continuance and normative).
本文的主要目的是研究代际多样性、个人属性(即工作价值观;态度和行为;人际交往能力)对企业咨询公司员工组织承诺的影响。研究框架包含四个自变量:代际差异、工作价值观、态度与行为、人际交往能力。因变量为组织承诺(情感性、持续性和规范性)。这项调查是在吉隆坡15家企业咨询公司的员工中进行的。共发放问卷436份,回收问卷241份,回复率为55.27%。采用社会科学统计软件包(SPSS) Version 24.0对数据进行分析。采用单因素方差分析和Pearson相关系数对假设进行检验。研究发现,婴儿潮一代、X一代和Y一代员工在组织承诺(情感性、持续性和规范性)上存在显著差异。此外,Pearson相关系数显示,婴儿潮一代、X一代和Y一代三代人的工作价值观、态度和行为以及人际交往能力对组织承诺(情感性、持续性和规范性)存在显著的相关关系。
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引用次数: 3
COUNTRY OF ORIGIN, BRAND IMAGE AND HIGH INVOLVEMENT PRODUCT TOWARDS CUSTOMER PURCHASE INTENTION: EMPIRICAL EVIDENCE OF EAST MALAYSIAN CONSUMER 原产国、品牌形象和高介入产品对顾客购买意愿的影响:东马来西亚消费者的实证证据
Pub Date : 2018-04-09 DOI: 10.9744/JMK.20.1.63-72
Mohd Amirul Adenan, Jati Kasuma Ali, Dayang Hummida Abang Abdul Rahman
This research strives to understand East Malaysian consumers’ purchase intention when being exposed to the effects of brand image and country of origin (COO) image in the case of high involvement pro­ducts. Self-administered questionnaires were collected from 225 consumers in East Malaysia. The result of this study shows that East Malaysian consumers’ put a large importance on brand and country of origin image in high involvement products as they are more involved in information searching and decision ma­king when purchases these products. Implication and future research also discussed.
本研究旨在了解东马消费者在高介入产品的情况下,受到品牌形象和原产国(COO)形象影响时的购买意愿。从东马来西亚的225名消费者中收集了自我管理的问卷。本研究结果显示,东马消费者对高介入产品的品牌和原产国形象非常重视,因为他们在购买这些产品时更多地参与信息搜索和决策。讨论了研究的意义和未来的研究方向。
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引用次数: 16
THE EFFECT OF LOCAL GOVERNMENT CHARACTERISTICS AND FINANCIAL INDEPENDENCE ON ECONOMIC GROWTH AND HUMAN DEVELOPMENT INDEX IN INDONESIA 印尼地方政府特征和财政独立性对经济增长和人类发展指数的影响
Pub Date : 2017-09-01 DOI: 10.9744/JMK.19.2.65-71
Baldric Siregar, Nurna Pratiwi
This study is to analyze the effect of local government characteristics consisting of size, age, status, population, number of work units (SKPD), employee expenditure and leverage on local financial independence as well as its impact on economic growth (GDP) and the Human Development Index (HDI) in the districts or cities in Indonesia. The sample used in this study amounted to 1003 financial statements of the local government districts or cities in Indonesia from 2009 to 2013. Samples were selected based on purposive sampling method. Data analysis technique used is Partial Least Square (PLS). The results show that size, age, status, population, number of SKPD, and have leverage positive and significant effect on the local financial independence. Employee expenditure has a positive and insignificant effect on the local financial independence. Local financial independence has negative and significant effect on economic growth. Local financial independence has positive and significant effect on the Human Development Index.
本研究旨在分析由规模、年龄、地位、人口、工作单位数量(SKPD)、员工支出和杠杆构成的地方政府特征对地方财政独立性的影响,以及其对印尼各区或市经济增长(GDP)和人类发展指数(HDI)的影响。本研究使用的样本为印度尼西亚2009 - 2013年地方政府区或市的1003份财务报表。样本选取采用目的抽样法。使用的数据分析技术是偏最小二乘法。结果表明,规模、年龄、地位、人口、人数对地方财政独立具有显著的正向影响。员工支出对地方财政独立性有显著的正向影响。地方财政独立对经济增长具有显著的负向影响。地方财政独立对人类发展指数有显著的正向影响。
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引用次数: 10
RELATIONS BETWEEN BIG FIVE PERSONALITIES, MOTIVATION TO FAKE, AND APPLICANT FAKING BEHAVIOR 大五人格、造假动机与申请人造假行为的关系
Pub Date : 2017-09-01 DOI: 10.9744/JMK.19.2.85-90
Aldo Prasmara, N. Wijaya
The action of faking is often done by applicants in the process of recruitment and selection of new employees with the purpose to impress an employer. The aim of this study is to integrate the big five personalities, faking motivation, and faking behavior. That is, the personality dimensions of applicants based may be the source of faking motivation, in turn, faking behavior. The data were gathered by questionnaires done toward 200 applicants. Data analysis was conducted using a Structural Equation Modelling (SEM) in the AMOS 22. Results showed that in the five major categories of personalities, there was a dimension that was not significantly related to motivation to fake, i.e., neuroticism, while openness and extraversion positively influenced motivation to fake. The other dimensions, conscientiousness and agreeableness, showed negative effects on motivation to fake. Finally, motivation to fake showed a positive effect on applicants’ faking behavior.
在招聘和选择新员工的过程中,求职者经常会做这种行为,目的是给雇主留下深刻印象。本研究的目的是整合大五人格、假动机和假行为。也就是说,基于申请人的人格维度可能是伪造动机的来源,反过来,伪造行为。这些数据是通过对200名申请者进行问卷调查收集的。数据分析使用结构方程模型(SEM)在AMOS 22中进行。结果表明,在五大类人格中,有一个维度对伪造动机的影响不显著,即神经质,而开放性和外向性对伪造动机的影响显著。其他维度,尽责性和亲和性,对造假动机有负面影响。最后,作假动机对申请人的作假行为有积极影响。
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引用次数: 0
THE EFFECT OF SOCIAL CAPITAL AND KNOWLEDGE SHARING ON INNOVATION CAPABILITY 社会资本和知识共享对创新能力的影响
Pub Date : 2017-09-01 DOI: 10.9744/JMK.19.2.72-78
Dhyah Harjanti, Noerchoidah Noerchoidah
This research examines social capital and knowledge sharing effect on innovation capability among lectures in universities. Social capital was analyzed using three constructs, namely trust, norm and network, while knowledge sharing was broken down into two variables, namely knowledge collecting and knowledge donating. Innovation capability was explained on an individual level based on personality, behavioral and output perspectives. The research model and hypotheses were developed from the literature. Data collection is conducted through a survey on lecturers of private universities in Surabaya. The obtained data from the questionnaires were analyzed with the Partial Least Square (PLS) to investigate the research model. The results suggest that social capital significantly influences innovation capability, while high level of knowledge collecting and knowledge donating can lead to high level of innovation capability. This study offers a foundation to analyze the relationships between social capital, knowledge-sharing process, consisting of knowledge collecting and knowledge donating, and innovation capability
本研究考察了社会资本和知识共享对高校讲师创新能力的影响。社会资本分析采用信任、规范和网络三个构式,知识共享分解为知识收集和知识捐赠两个变量。从个性、行为和产出三个角度对创新能力进行了个体层面的解释。研究模型和假设是在文献基础上发展起来的。数据收集是通过对泗水私立大学讲师的调查进行的。采用偏最小二乘法(PLS)对问卷数据进行分析,检验研究模型。结果表明,社会资本对创新能力有显著影响,而高水平的知识收集和知识捐赠会导致高水平的创新能力。本研究为分析社会资本、知识共享过程(包括知识收集和知识捐赠)与创新能力之间的关系奠定了基础
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引用次数: 21
期刊
Journal of Management and Entrepreneurship Research
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