Pub Date : 2014-09-01DOI: 10.9744/JMK.16.2.121-130
T. Soetanto, Liem Pei Fun
This paper aimed to evaluate perfomance of property and real estate companies listed in Indonesia Stock Exchange using the DEA method. Samples were 23 companies listed from 2009–2012. Results showed that some companies are relatively efficient each year. However, only one company consistently had technical efficiency equal to 1. The main cause of inefficiency from 2009–2011 was scale inefficiency while inefficiency happened in 2012 was pure technical inefficiency. Overall the companies operate efficiently un-der constant returns to scale is showing an increase from 17.39%–39.13%.
{"title":"PERFORMANCE EVALUATION OF PROPERTY AND REAL ESTATE COMPANIES LISTED ON INDONESIA STOCK EXCHANGE USING DATA ENVELOPMENT ANALYSIS","authors":"T. Soetanto, Liem Pei Fun","doi":"10.9744/JMK.16.2.121-130","DOIUrl":"https://doi.org/10.9744/JMK.16.2.121-130","url":null,"abstract":"This paper aimed to evaluate perfomance of property and real estate companies listed in Indonesia Stock Exchange using the DEA method. Samples were 23 companies listed from 2009–2012. Results showed that some companies are relatively efficient each year. However, only one company consistently had technical efficiency equal to 1. The main cause of inefficiency from 2009–2011 was scale inefficiency while inefficiency happened in 2012 was pure technical inefficiency. Overall the companies operate efficiently un-der constant returns to scale is showing an increase from 17.39%–39.13%.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80508272","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 : 2014-09-01DOI: 10.9744/JMK.16.2.111-120
Hunik Sri Runing Sawitri, A. Riani, M. Cahyadin, Q. A. I. Novela
This study aimed to examine the importance of justice in students’ performance evaluation which might foster students’ commitment to lecturers, and as a consequence students would perform well. The research was conducted on students from departments of Sebelas Maret University who had undertaken com-petency-based learning; and used stratified sampling. Regression analysis was used to test the hypotheses. The results showed that students’ commitment to lecturers did not significantly influence students’ performance. Distributive and procedural justice in controlled commitment did not significantly influence students’ performance. On the other hand, procedural and distributive justice significantly influenced students’ com-mitment to lecturers.
{"title":"THE MODEL OF JUSTICE AND COMMITMENT IN THE EVALUATION OF STUDENT’S PERFORMANCE","authors":"Hunik Sri Runing Sawitri, A. Riani, M. Cahyadin, Q. A. I. Novela","doi":"10.9744/JMK.16.2.111-120","DOIUrl":"https://doi.org/10.9744/JMK.16.2.111-120","url":null,"abstract":"This study aimed to examine the importance of justice in students’ performance evaluation which might foster students’ commitment to lecturers, and as a consequence students would perform well. The research was conducted on students from departments of Sebelas Maret University who had undertaken com-petency-based learning; and used stratified sampling. Regression analysis was used to test the hypotheses. The results showed that students’ commitment to lecturers did not significantly influence students’ performance. Distributive and procedural justice in controlled commitment did not significantly influence students’ performance. On the other hand, procedural and distributive justice significantly influenced students’ com-mitment to lecturers.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89118968","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 : 2014-09-01DOI: 10.9744/JMK.16.2.131-140
Ibnu Widiyanto
The objective of this study was to analyze the reasons why a business could sustain its life. The approaches used were industrial based approach and micro business unit approach. The sampling method was purposive sampling combined by convenience sampling technique.The amount of samples were 100. The method of analysis used were nonparametric statistics and regression analysis. The study found that the innovation power of SMEs in Semarang was quite small (around 5%). This finding was expected to benefit business actors in Indonesia, namely to help increase innovation power so that their businesses could survive and continue to exist.
{"title":"A STUDY OF THE INNOVATION POWER OF SMEs IN SEMARANG","authors":"Ibnu Widiyanto","doi":"10.9744/JMK.16.2.131-140","DOIUrl":"https://doi.org/10.9744/JMK.16.2.131-140","url":null,"abstract":"The objective of this study was to analyze the reasons why a business could sustain its life. The approaches used were industrial based approach and micro business unit approach. The sampling method was purposive sampling combined by convenience sampling technique.The amount of samples were 100. The method of analysis used were nonparametric statistics and regression analysis. The study found that the innovation power of SMEs in Semarang was quite small (around 5%). This finding was expected to benefit business actors in Indonesia, namely to help increase innovation power so that their businesses could survive and continue to exist.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"88195021","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 : 2014-09-01DOI: 10.9744/JMK.16.2.141-152
Arif Kurniadi, Noer Azam Achsani, Hendro Sasongko
Tujuan dari penelitian ini adalah: (1) menganalisis kinerja keuangan menggunakan EVA, MVA, Q-Tobin, (2) menganalisis pengaruh EVA, MVA, Q-Tobin dan faktor makroekonomi terhadap return saham, (3) mengembangkan implikasi manajerial. Data dikumpulkan dari 8 perusahaan sektor pertanian yang ter-daftar di BEI sebelum tahun 2005. Hasil menunjukkan sebagian besar perusahaan memperoleh EVA negatif, MVA positif, dan nilai q < 1. Variabel MVARET dan Q-TobinRET berpengaruh signifikan terhadap return saham
{"title":"KINERJA KEUANGAN BERBASIS PENCIPTAAN NILAI, FAKTOR MAKROEKONOMI, DAN RETURN SAHAM SEKTOR PERTANIAN","authors":"Arif Kurniadi, Noer Azam Achsani, Hendro Sasongko","doi":"10.9744/JMK.16.2.141-152","DOIUrl":"https://doi.org/10.9744/JMK.16.2.141-152","url":null,"abstract":"Tujuan dari penelitian ini adalah: (1) menganalisis kinerja keuangan menggunakan EVA, MVA, Q-Tobin, (2) menganalisis pengaruh EVA, MVA, Q-Tobin dan faktor makroekonomi terhadap return saham, (3) mengembangkan implikasi manajerial. Data dikumpulkan dari 8 perusahaan sektor pertanian yang ter-daftar di BEI sebelum tahun 2005. Hasil menunjukkan sebagian besar perusahaan memperoleh EVA negatif, MVA positif, dan nilai q < 1. Variabel MVARET dan Q-TobinRET berpengaruh signifikan terhadap return saham","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"74663537","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 : 2014-09-01DOI: 10.9744/JMK.16.2.103-110
Agustinus Nugroho, E. W. Kartika, Thomas S. Kaihatu
The study aimed to find out the effect of management’s controllable factor, which was called internal factor or structural variable, on the job satisfaction of the 4 and 5 starred hotel employees’ in Surabaya. The study used quantitative explanative technique to explain the effect of structural variable on employees’ job sa-tisfaction. The result showed that structural variable had a positive and significant effect on job satisfaction. It is also found that employees’ job satisfaction was high when there was (or the highest indicator for structural variable was) fellow employees’ support and supervisor’s support, while the lowest indicator was job routine; the highest indicator for job satisfaction was satisfaction in salary, while the lowest indicator was supervisor’s competency in performing his or her tasks.
{"title":"STRUCTURAL VARIABLE ON THE JOB SATISFACTION OF 4 AND 5 STARRED HOTEL EMPLOYEES IN SURABAYA","authors":"Agustinus Nugroho, E. W. Kartika, Thomas S. Kaihatu","doi":"10.9744/JMK.16.2.103-110","DOIUrl":"https://doi.org/10.9744/JMK.16.2.103-110","url":null,"abstract":"The study aimed to find out the effect of management’s controllable factor, which was called internal factor or structural variable, on the job satisfaction of the 4 and 5 starred hotel employees’ in Surabaya. The study used quantitative explanative technique to explain the effect of structural variable on employees’ job sa-tisfaction. The result showed that structural variable had a positive and significant effect on job satisfaction. It is also found that employees’ job satisfaction was high when there was (or the highest indicator for structural variable was) fellow employees’ support and supervisor’s support, while the lowest indicator was job routine; the highest indicator for job satisfaction was satisfaction in salary, while the lowest indicator was supervisor’s competency in performing his or her tasks.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-09-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91045533","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}
Earnings management has been a hot topic. As long as along with the Indonesian Financial Accounting Standard, this cannot be considered as earnings management. However, the accountants tend to apply the particular treatment to meet their specific interests. The creditors do not consider whether there is earnings management, but they will apply many other more comprehensive evaluation techniques. This study applied unobtrusive observation. By doing this, the researchers were able to uncover the existing earnings management as well as the variety of debtors’ and creditors’ considerations.
{"title":"MANAJEMEN LABA: PRO-KONTRA PEMAKNAAN ANTARA KREDITUR DAN DEBITUR DALAM PROSES PEMBIAYAAN KREDIT","authors":"A. Febriyanti, Tjiptohadi Sawarjuwono, B. Pratama","doi":"10.9744/JMK.16.1.55-68","DOIUrl":"https://doi.org/10.9744/JMK.16.1.55-68","url":null,"abstract":"Earnings management has been a hot topic. As long as along with the Indonesian Financial Accounting Standard, this cannot be considered as earnings management. However, the accountants tend to apply the particular treatment to meet their specific interests. The creditors do not consider whether there is earnings management, but they will apply many other more comprehensive evaluation techniques. This study applied unobtrusive observation. By doing this, the researchers were able to uncover the existing earnings management as well as the variety of debtors’ and creditors’ considerations.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80286349","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}
The purpose of this study was to explain the relationships between relational bonds, customers’ value, and customers’ loyalty of three consumer groups of Islamic banking in East Java. Samples were obtained from 613 Islamic banks’ customers in East Java and were analyzed using SEM. The findings were: For stayers, the three types of bonds raised utilitarian and hedonistic values, which raised loyalty. For dissatisfied switchers, only structural bond affected the utilitarian value, which raised loyalty. For satisfied switchers, social bond affected hedonistic value, while structural bond affected utilitarian value.
{"title":"RELATIONAL MARKETING AND CUSTOMERS SHIFTING TENDENCY IN ISLAMIC BANKING IN EAST JAVA","authors":"Purwanto, Michael Adiwijaya","doi":"10.9744/JMK.16.1.17-26","DOIUrl":"https://doi.org/10.9744/JMK.16.1.17-26","url":null,"abstract":"The purpose of this study was to explain the relationships between relational bonds, customers’ value, and customers’ loyalty of three consumer groups of Islamic banking in East Java. Samples were obtained from 613 Islamic banks’ customers in East Java and were analyzed using SEM. The findings were: For stayers, the three types of bonds raised utilitarian and hedonistic values, which raised loyalty. For dissatisfied switchers, only structural bond affected the utilitarian value, which raised loyalty. For satisfied switchers, social bond affected hedonistic value, while structural bond affected utilitarian value.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79573937","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}
This study examine d the impact of brand familiarity and endorsers’ congruence with product being advertised on consumer responses to social media advertising in Twitter. Findings suggest ed that the product with a familiar brand endorsed by celebrity with high image congruence le d to greater consumer trust, more positive attitude, and greater purchase intention than any other familiarity-congruence combinations. Interestingly, for unfamiliar brand, there is no significant difference between high and low endorsers’ congruence.
{"title":"EFEKTIVITAS SOCIAL MEDIA ADVERTISING: PERAN BRAND FAMILIARITY DAN KONGRUENSI ENDORSER","authors":"Sony Kusumasondjaja","doi":"10.9744/JMK.16.1.83-92","DOIUrl":"https://doi.org/10.9744/JMK.16.1.83-92","url":null,"abstract":"This study examine d the impact of brand familiarity and endorsers’ congruence with product being advertised on consumer responses to social media advertising in Twitter. Findings suggest ed that the product with a familiar brand endorsed by celebrity with high image congruence le d to greater consumer trust, more positive attitude, and greater purchase intention than any other familiarity-congruence combinations. Interestingly, for unfamiliar brand, there is no significant difference between high and low endorsers’ congruence.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"76748543","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}
This research aimed to examine a model which presents effects of man-nature orientation, of organic knowledge and attitude toward organic food to purchase intention of organic food. Data collection method of this research used questionnaire. Survey data was consisted of 516 married women as an end user of organic food from Yogyakarta, Jakarta and Surabaya Indonesia. The empirical tests indicated that man-nature orientation and organic knowledge had significant effect on attitude toward organic food. Attitude toward organic food had significant effect on purchase intention of organic food. All hypotheses in this research were fully supported.
{"title":"NILAI DAN PENGETAHUAN SEBAGAI PREDIKTOR INTENSI BELI MAKANAN ORGANIK","authors":"Tony Wijaya","doi":"10.9744/JMK.16.1.69-82","DOIUrl":"https://doi.org/10.9744/JMK.16.1.69-82","url":null,"abstract":"This research aimed to examine a model which presents effects of man-nature orientation, of organic knowledge and attitude toward organic food to purchase intention of organic food. Data collection method of this research used questionnaire. Survey data was consisted of 516 married women as an end user of organic food from Yogyakarta, Jakarta and Surabaya Indonesia. The empirical tests indicated that man-nature orientation and organic knowledge had significant effect on attitude toward organic food. Attitude toward organic food had significant effect on purchase intention of organic food. All hypotheses in this research were fully supported.","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82505038","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}
The purposes of this study were to determine fair share value, to analyze the factors that influence undervalue and overvalue, and to determine the best valuation method. This study made valuation using real options method and free cash flow to firm method. The results of partial logistic regression on Free Cash Flow to Firm showed that tenor variable and equity variable had positive and significant effects, while dummy variable had a negative and significant effect. In the real option model, tenor variable and implied volatility variable had positive and significant effects, while sheets of share variable had a negative and significant effect
{"title":"THE VALUATION OF INITIAL SHARE PRICE USING THE FREE CASH FLOW TO FIRM METHOD AND THE REAL OPTION METHOD IN INDONESIA STOCK EXCHANGE","authors":"Adhy Listya Paramitha, S. Hartoyo, N. Maulana","doi":"10.9744/JMK.16.1.9-16","DOIUrl":"https://doi.org/10.9744/JMK.16.1.9-16","url":null,"abstract":"The purposes of this study were to determine fair share value, to analyze the factors that influence undervalue and overvalue, and to determine the best valuation method. This study made valuation using real options method and free cash flow to firm method. The results of partial logistic regression on Free Cash Flow to Firm showed that tenor variable and equity variable had positive and significant effects, while dummy variable had a negative and significant effect. In the real option model, tenor variable and implied volatility variable had positive and significant effects, while sheets of share variable had a negative and significant effect","PeriodicalId":52593,"journal":{"name":"Journal of Management and Entrepreneurship Research","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2014-02-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"91242652","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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