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CUSTOMERS’ PERCEIVED FAIRNESS; FAST FOOD CHAIN RESTAURANTS IN INDONESIA 顾客公平感;印尼的快餐连锁店
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-30 DOI: 10.22146/gamaijb.30136
Hety Budiyanti, Shine Pintor Siolemba Patiro
This study aims to investigate interrelationships among perceived service fairness, emotions, and behavioral intentions in a fast food chain restaurant context. we use terms that are commonly use on the study of fairness or justice perception. This study uses purposive sampling and the survey method to generate our sample which consists of 800 respondents from big cities in Indonesia, namely: Jakarta, Semarang, Surabaya, Medan, and Makassar. The data are analyzed using Structural Equation Modeling (SEM). The results show different roles for each fairness perception in relation to peoples’ emotions and behavioral intentions, based on the Mehrabian-Russel model. Three fairness variables (price fairness, outcome fairness and interactional fairness) have positive and significant effects on customers’ positive emotions, while, procedural fairness does not influence the formation of a positive emotion. Furthermore, a positive emotion has a positive influence on a customer’s behavioral intention. Data collected in this study are limited to the context of the restaurant industry, therefore, precaution must be taken when generalizing these results to other industries. The results of this study can serve as guidelines for managers in the restaurant industry to develop effective and efficient strategies for ensuring their services’ perceived fairness and its impact on both customers’ retention rates and the companies’ financial gains.
本研究旨在探讨连锁快餐店服务公平感、情绪与行为意向之间的相互关系。我们使用在公平或正义感知研究中常用的术语。本研究采用有目的抽样和问卷调查的方法,从印度尼西亚的大城市,即雅加达,三宝垄,泗水,棉兰和望加锡,产生我们的样本,包括800名受访者。采用结构方程模型(SEM)对数据进行分析。结果表明,基于Mehrabian-Russel模型,每一种公平感知对人的情绪和行为意图的影响是不同的。三个公平变量(价格公平、结果公平和互动公平)对顾客的积极情绪有正向显著影响,而程序公平对积极情绪的形成没有影响。此外,积极情绪对顾客的行为意向有正向影响。本研究中收集的数据仅限于餐饮业的背景,因此,在将这些结果推广到其他行业时必须采取预防措施。本研究的结果可以作为指导方针,为管理人员在餐饮业制定有效和高效的战略,以确保他们的服务的感知公平及其对客户的保留率和公司的财务收益的影响。
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引用次数: 10
Mediation Effects of Subjective Norms on the Relationship between Career Advancement and Job Characteristics and Knowledge Sharing Behavior among the Tanzanian Healthcare Professionals 坦桑尼亚卫生保健专业人员职业发展与工作特征、知识共享行为关系的主观规范中介作用
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-30 DOI: 10.22146/GAMAIJB.23740
Mohamedi Abbasi Balozi, Siti Zubaidah Othman, M. Isa
This paper intends to examine the mediating effects of subjective norms on the relationship between career advancement and job characteristics and knowledge sharing behavior. Based on the social exchange theory, we establish a research model which contains job and organizational factors. We distributed 650 questionnaires, but only 439 questionnaires were returned and usable. The hypotheses were tested using Partial Least Squares Structural Equation Modeling (PLS-SEM). The study examines knowledge sharing behavior and its determinants. The results reveal that career advancement, job characteristics and subjective norms are positively and significantly related to knowledge sharing behavior. The findings depict that subjective norms have a partial positive and significant mediating effect on knowledge sharing behavior. This paper intends to identify knowledge sharing behavior and its determinants in Tanzanian healthcare institutions and among healthcare professionals. This is because there are only a few such studies in the context of Tanzania; therefore, this study offers a theoretical foundation for future studies and practical implications for administrators and practitioners.
本文旨在考察主观规范对职业发展与工作特征和知识共享行为之间关系的中介作用。基于社会交换理论,我们建立了一个包含工作和组织因素的研究模型。我们分发了650份问卷,但只有439份问卷被退回并可用。使用偏最小二乘结构方程建模(PLS-SEM)对这些假设进行了检验。该研究考察了知识共享行为及其决定因素。研究结果表明,职业发展、工作特点和主观规范与知识共享行为呈正相关。研究结果表明,主观规范对知识共享行为具有部分正向和显著的中介作用。本文旨在确定坦桑尼亚医疗机构和医疗专业人员的知识共享行为及其决定因素。这是因为在坦桑尼亚的背景下只有少数这样的研究;因此,本研究为今后的研究提供了理论基础,并对管理者和从业者具有现实意义。
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引用次数: 7
International Equity Placement Strategic Alliance: Exploring Stakeholder Support 国际股权配售战略联盟:利益相关者支持探索
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-30 DOI: 10.22146/gamaijb.22291
Harimukti Wandebori
An International Equity Placement Strategic Alliance (IEPSA) is a strategic alliance of shared ownership between partners of different nationalities. In 1998, the Indonesian government initiated the IEPSA to privatize its State-Owned Enterprises (SOE). Problems arose due to the lack of stakeholders’ support, although it was able to improve the performance of the SOE. Variables within the stakeholders’ support and the relationship among stakeholders were the keys to bring the IEPSA into prevalence; they comprised of its transparency, share price, the degree of the internal relationship, fulfilment of the budget deficit, company restructuring, unprecedented moment, restricted shares in the market, the existence of the floor price, and the plan for the IEPSA. The research reveals that the dimensions of the share price and the degree of the internal relations are the required bases for the government to formulate and implement a strategy to secure the stakeholders’ support (involvement) using the matrix of a general strategy to secure their support.
国际股权配售战略联盟(IEPSA)是由不同国籍的合作伙伴共同拥有股权的战略联盟。1998年,印尼政府启动了IEPSA,将其国有企业(SOE)私有化。虽然它能够改善国有企业的绩效,但由于缺乏利益相关者的支持,问题出现了。利益相关者支持的变量和利益相关者之间的关系是IEPSA普及的关键;它们分别是:透明度、股价、内部关系程度、预算赤字完成情况、企业结构调整、前所未有的时刻、市场限制股、是否存在底价、安全保障计划等。研究发现,股价的维度和内部关系的程度是政府制定和实施获得利益相关者支持(参与)战略的必要基础,利用总体战略矩阵来获得利益相关者的支持。
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引用次数: 3
GAINS FROM INTERNATIONAL DIVERSIFICATION AND DOMESTIC PORTFOLIO IN EMERGING STOCKS MARKETS: PHILIPPINE AND INDONESIAN PERSPECTIVES 新兴股票市场的国际多元化收益和国内投资组合:菲律宾和印尼视角
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-08 DOI: 10.22146/GAMAIJB.37900
E. Tandelilin
The study was organized into two major concerns: first, identifying the gains from international diversification in emerging stock markets from the Philippine and the Indonesian perspectives and determining which perspective yields the greater gains; and second, determining how many securities must be included to obtain an optimal investment portfolio from the Philippine and Indonesia perspectives.The empirical results indicate that there are gains from international diversification, both from the Philippine and Indonesian perspectives, in two to eight emerging stock markets. Generally the gains are greater from the Indonesian perspective than the Philippine perspective in all countrycombinations.Further, this study found that the number of stocks needed to form an optimum domestic investment portfolio was bigger for the Indonesian investor‘s perspective (at 15 stocks) than for the Filipino investor (14).
这项研究分为两个主要问题:第一,从菲律宾和印度尼西亚的角度确定新兴股票市场的国际多样化带来的收益,并确定哪一个角度产生更大的收益;其次,从菲律宾和印度尼西亚的角度确定必须包括多少证券才能获得最佳投资组合。实证结果表明,从菲律宾和印度尼西亚的角度来看,国际多元化在2至8个新兴股票市场中都有收益。总的来说,在所有国家组合中,从印度尼西亚的角度来看,收益大于菲律宾的角度。此外,本研究发现,形成最优国内投资组合所需的股票数量,印尼投资者的观点(15只股票)比菲律宾投资者(14只)更大。
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引用次数: 2
THE PREDICTIVE ABILITY OF EARNINGS VERSUS CASH FLOW DATA TO PREDICT FUTURE CASH FLOWS: A FIRM-SPECIFIC ANALYSIS 收益与现金流数据对未来现金流的预测能力:一项针对企业的分析
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-08 DOI: 10.22146/GAMAIJB.37910
S. Supriyadi
This study evaluated the value-relevance of accounting information (earnings and cash flows) in Indonesia to predict a firm’s future operating cash flows. The predictive usefulness of earnings and cash flows in association with future cash flows is of interest for three reasons. They include providing empirical evidence on the relevant accounting information to assess a firm’s future cash flows, information about the behavior and properties of Indonesian accounting information, and evidence of – or at least providing a basis for evaluating–the validity of the IndonesianAccounting Standards Committee (KPSAK) assertion on the usefulness of accounting information to assess future cash flows.The study evaluated three cash flow prediction models that employed cash flow, earnings, and a combination of earnings-cash flow variables. The models were applied on a firm-specific data set. The data used in this study were semi-annual data for the 61 sample firms (manufacturing firms)listed in the Jakarta Stock Exchange (JSX) spanning the years 1990-1997. The results of this study supported the proposed hypothesis that cash flow data provided better information to assess a firm’s future cash flows than earnings data. Since this study employed manufacturing firms only, future research is necessary to evaluate the robustness of the results to otherpopulations of firms and/or by using an alternative deflator of earnings and cash flows, such as consumer price index (CPI) or market value of the firms. Further extensions of this study include additional refinements of the prediction models on an industry-specific basis and disaggregating cash flow variables into operating, investing, and financing components in order to measure the value-relevance of the statement of cash flows.
本研究评估了印度尼西亚会计信息(收益和现金流)的价值相关性,以预测公司未来的经营现金流。收益和现金流与未来现金流的预测有用性令人感兴趣,原因有三。它们包括提供相关会计信息的经验证据以评估公司的未来现金流、有关印尼会计信息的行为和性质的信息,以及印尼会计准则委员会(KPSAK)关于会计信息对评估未来现金流有用性的断言的有效性的证据,或者至少为评估提供了依据。该研究评估了三个现金流预测模型,这些模型采用了现金流、收益和收益现金流变量的组合。这些模型被应用于公司特定的数据集。本研究中使用的数据是雅加达证券交易所(JSX)上市的61家样本公司(制造公司)1990-1997年的半年数据。这项研究的结果支持了所提出的假设,即现金流数据比收益数据提供了更好的信息来评估公司的未来现金流。由于这项研究只涉及制造业企业,未来的研究有必要评估结果对其他企业群体的稳健性,和/或通过使用收入和现金流的替代平减指数,如消费者价格指数(CPI)或企业市值。这项研究的进一步扩展包括在特定行业的基础上进一步完善预测模型,并将现金流变量分解为运营、投资和融资组成部分,以衡量现金流表的价值相关性。
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引用次数: 1
THE HOUR TO UNDERSTAND AND FAMILIARIZE WITH CULTURAL SETTINGS FOR MARKETING IN THE THIRD MILLENNIUM 了解和熟悉第三个千年市场营销的文化背景
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-08 DOI: 10.22146/GAMAIJB.37911
Wachinga Gikonyo Simon
Much of the literature about culture is related to the crafting of strategic organizational culture. This is viewed as a lee-way to attainment of competitive advantage in the field of quality production at the expense of the impact that culture could have in not only influencing the consumerbehavior but more importantly in designing and planning marketing strategies in the era of globalization.This paper, therefore, undertakes to examine various cultural settings and along which their implications will be dealt with in detail in order to display the interactive relationship that prevails between culture and its attributes, and consumer behavior on one hand, and the implication of their interaction to strategize for global market opportunities by avoiding culture-marketing clash on the other hand. This paper will not provide a set of proposed strategies that should be adopted by a global marketer in order to avoid the cultural dilemmas. At best it will attempt to pin-point those areas of cultural settings that calls for intensive if not extensive understanding and familiarizing at the same note in this critical era of market competition as we head for the yet to be defined the third millennium.
许多关于文化的文献都与战略组织文化的塑造有关。这被视为在高质量生产领域获得竞争优势的一种方式,而牺牲了文化不仅在影响消费者行为方面,而且更重要的是在全球化时代设计和规划营销策略方面的影响。因此,本文致力于研究各种文化环境,并详细探讨它们的含义,以展示文化及其属性与消费者行为之间的互动关系,以及他们互动的含义,通过避免文化营销冲突来制定全球市场机遇的战略。本文将不提供一套建议的战略,应该采取的全球营销人员,以避免文化困境。在我们迈向尚未确定的第三个千年之际,在这个市场竞争的关键时代,它充其量只是试图指出那些需要深入而非广泛理解和熟悉的文化环境领域。
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引用次数: 0
PRICE EARNINGS RATIO (PER) MODEL CONSISTENCY: EVIDENCE FROM JAKARTA STOCK EXCHANGE 市盈率模型的一致性&来自雅加达证券交易所的证据
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-08 DOI: 10.22146/GAMAIJB.37887
M. Asri, Antonius N. Heveadi
Recently, stock valuation model using the earning multiplier approach (PER) is more popular among investors and analysts. This popularity has caused this model to seem to be the most perfect model among other valuation models. In response to the fact above, this research tries togive empirical evidence whether PER’s cross-sectional model can be used in determining the fairness of stock price traded in Jakarta Stock Exchange.Evaluation of the capability of PER’s cross-sectional model in determining the common stock price was conducted by developing three regression models from different time periods, namely the years of 1995, 1996, and 1997. The regression models used in this research was the one developed by Whitbeck-Kisor (1973). The model employed growth, dividend payout ratio (DPR), and standard deviation of growth (s-growth) as independent variable.This research was intended to test the consistency of the model in assessing stock prices. The result of this research showed that each model developed at different time periods, though with the same sample and method, gave different results. The differences were in the significance level and in the weight of influence of independent variables to the corresponding dependent variables. As a stock valuation model, a regression model should perform consistently from period to period, so normalPER of a stock could be predicted based on the model that was developed by historical data.
近年来,采用收益乘数法的股票估值模型越来越受到投资者和分析师的欢迎。这种流行使得该模型似乎是其他估值模型中最完美的模型。针对上述事实,本研究试图提供实证证据,证明PER的横截面模型是否可以用于确定雅加达证券交易所股票价格的公平性,即1995年、1996年和1997年。本研究中使用的回归模型是Whitbeck-Kisor(1973)开发的模型。该模型采用增长率、派息率和增长标准差作为自变量。这项研究旨在检验该模型在评估股票价格方面的一致性。研究结果表明,在不同的时间段开发的每个模型,虽然使用相同的样本和方法,但得出的结果不同。差异在于显著性水平和自变量对相应因变量的影响权重。作为一个股票估值模型,回归模型应该在不同时期保持一致,因此可以根据历史数据开发的模型来预测股票的正态PER。
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引用次数: 2
The Impact of Bank Restructuring announcement on the banking Stock Prices 银行重组公告对银行股价格的影响
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-08-08 DOI: 10.22146/GAMAIJB.37898
Muhammad Fendi Susiyanto
This study is an event study that aims to investigate how successful the banking reforms measures that has already been done by the Indonesian government in order to strengthen its banking system. There were two events to be investigated in this study, first (1) The banking reforms announcement on March 13, 1999 which consists of the closure of 38 private banks, the taken-over of 7 private banks, 9 private banks will be recapitalized, and let 73 private banks to continue their operation without joining the recapitalization program; second (2) on May 28, 1999 Minister of Finance issued government bonds amounted to Rp 103,831 trillion to complete the private banks’ recapitalization, and also issued the other government bonds to repay the obligations of frozen commercial banks’ and rural banks’ regarding its liquidity support, to Bank Indonesia amounted to Rp 53,779 trillion. These two events above, are expected to be good news or favorable information for investors on the Jakarta Stock Exchange (JSX), and should be responded positively by investors which indicates significantly increases on banking stocks after the event dates. Thirteen samples of banking stocks which were listed on the Jakarta Stock Exchange (JSX) at the beginning of 1997 were used to investigate the reaction of banking stocks around the dates of these two events. By using the paired-samples mean difference test, we did not find significant differences between abnormal returns before and after the event dates. Furthermore, the cumulative abnormal return of banking stocks around the banking reforms announcement on March 13, 1999 and the issuance of government bonds announcement on May 28, 1999 were decreasing gradually until it reached the negative area. Trading Volume Activity (TVA) test, on the banking stock volume around the banking reforms announcement on March 13, 1999 has found that TVA of banking stocks after the event date was significantly greater than TVA of banking stocks before the event date. The result was not found on the issuance of government bonds event. In general, from these results, it can be concluded that the banking reforms measures done by the government was not successfully implemented from the market’s point of view. The abnormal return tests have been conducted, yet it is still found a significant abnormal return around both the banking reforms announcement on March 13, 1999 and the issuance of government bonds announcement on May 28, 1999. These findings did not support the semi-strong efficiency of the Jakarta Stock Exchange (JSX).
本研究是一项事件研究,旨在调查印尼政府为加强其银行系统而采取的银行改革措施的成功程度。本研究调查了两个事件:(1)1999年3月13日银行业改革公告,其中包括关闭38家私人银行,接管7家私人银行、9家私人银行将进行资本重组,并允许73家私人银行在不加入资本重组计划的情况下继续运营;第二(2)1999年5月28日,财政部长发行了103831万亿卢比的政府债券,以完成私人银行的资本重组,并向印尼银行发行了53779万亿卢比的其他政府债券,用于偿还被冻结的商业银行和农村银行的流动性支持义务。上述两起事件预计将是雅加达证券交易所(JSX)投资者的好消息或有利信息,投资者应积极回应,这表明事件发生后银行股大幅上涨。1997年初在雅加达证券交易所上市的13只银行股样本被用来调查这两起事件发生前后银行股的反应。通过使用配对样本平均差检验,我们没有发现事件日期前后异常回报之间的显著差异。此外,1999年3月13日银行业改革公告和1999年5月28日政府债券发行公告前后,银行股的累计异常收益率逐渐下降,直至达到负值。交易量活动(TVA)测试,对1999年3月13日银行业改革公告前后的银行股交易量进行了测试,发现事件日后银行股的TVA显著大于事件日前银行股的TVA。此次政府债券发行事件未发现结果。总的来说,从这些结果可以得出结论,从市场的角度来看,政府所做的银行改革措施并没有成功实施。虽然已经进行了异常收益测试,但在1999年3月13日的银行改革公告和1999年5月28日的政府债券发行公告前后,仍然发现了显著的异常收益。这些发现并不支持雅加达证券交易所(JSX)的半强效率。
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引用次数: 1
The Impact of Training and Development and Supervisor Support on Employees Retention in Academic Institutions: The Moderating Role of Work Environment 培训发展与主管支持对学术机构员工留任的影响:工作环境的调节作用
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-04-27 DOI: 10.22146/GAMAIJB.24020
Palwasha Bibi, Ashfaq Ahmad, A. Majid
This study investigated the impact of training and development and supervisors support on employees retention. Furthermore, the current study also investigates the moderating effect of the work environment on the relationship between training and development, supervisors support, and employees’ retention. A survey was undertaken to collect data from 250 faculty members working in public sector universities in Pakistan. PLS path modeling was employed to analyze the data. The results revealed that training and development and the support of the supervisors had a significant relationship with the retention of employees. Similarly, the results also revealed that the work environment moderated the relationship between training and development, supervisors support, and employees’ retention. Finally, the implications, limitations and recommendations for further research were discussed.
本研究调查了培训和发展以及主管支持对员工留任的影响。此外,本研究还调查了工作环境对培训与发展、主管支持和员工留用之间关系的调节作用。进行了一项调查,收集了巴基斯坦公立大学250名教职员工的数据。采用PLS路径模型对数据进行分析。研究结果表明,培训和发展以及主管的支持与员工的留任有着显著的关系。同样,研究结果还表明,工作环境调节了培训与发展、主管支持和员工留用之间的关系。最后,讨论了进一步研究的意义、局限性和建议。
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引用次数: 44
Does Work-Family Conflict Affect the Auditor's Performance?: Examining the Mediating Roles of Emotional Exhaustion and Job Satisfaction 工作-家庭冲突会影响审计师的绩效吗?情绪耗竭对工作满意度的中介作用研究
IF 0.7 Q3 Business, Management and Accounting Pub Date : 2018-04-27 DOI: 10.22146/GAMAIJB.26302
A. Yustina, Tifanny Valerina
This paper examines whether the work-family conflict (related to both work-interfering-family and family-interfering-work) of auditors affects their performance and if so, whether the effect is mediated by emotional exhaustion and job satisfaction. A mail survey is used to deliver a questionnaire to 151 auditors from ten CPA firm in Indonesia. The result shows that emotional exhaustion and job satisfaction fully mediates the relationship of work-family conflict with job performance. The result also demonstrates that Work-Interfering-Family (WIF) has significant effects on emotional exhaustion and job satisfaction, but Family-Interfering-Work (FIW) has no significant influence on either emotional exhaustion or job satisfaction. This study suggests that maintaining a regular training program for auditors, having flexible working arrangements, and encouraging a healthy lifestyle may help to reduce the work-family conflict and will increase the job satisfaction and performance of auditors.
本文考察了审计师的工作-家庭冲突(与工作干扰家庭和家庭干扰工作有关)是否会影响他们的绩效,如果是,这种影响是否由情绪衰竭和工作满意度介导。采用邮寄调查的方法,向来自印度尼西亚十家注册会计师事务所的151名审计师发放了一份问卷。结果表明,情绪耗竭和工作满意度在工作-家庭冲突与工作绩效的关系中起到了充分的中介作用。研究结果还表明,工作干扰家庭(WIF)对情绪耗竭和工作满意度有显著影响,而家庭干扰工作(FIW)对情绪衰竭和工作满意度没有显著影响。这项研究表明,保持定期的审计师培训计划,灵活的工作安排,鼓励健康的生活方式,可能有助于减少工作与家庭的冲突,并将提高审计师的工作满意度和绩效。
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引用次数: 14
期刊
Gadjah Mada international journal of business
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