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Full-Text Articles in Business

Risk Perception And Economic Value Of Disaster Mitigation Case Of Bantul Post Earthquake May 2006, Suryanto Suryanto, Mudrajad Kuncoro Oct 2012

Risk Perception And Economic Value Of Disaster Mitigation Case Of Bantul Post Earthquake May 2006, Suryanto Suryanto, Mudrajad Kuncoro

The South East Asian Journal of Management

This study aims to obtain empirical evidence of disaster mitigation in Bantul, Indonesia. The expected utility theory and impact of regional characteristics on individual perceptions was used to describe the disaster risk management process. The regional mapping based on hazard level was conducted by a Geographical Information System (GIS). Data used in this research were primary and secondary data. Primary data were obtained by distributing questionnaire to some respondents. Sample amounts used were 395 respondents. The research empirical contribution was to economic valuation method used towards safety and efforts to link regional characteristics, individual perception and also their willingness to …


Entrepreneurial Inclination Among Business Students: A Malaysian Study, Yet-Mee Lim, Teck-Heang Lee, Boon-Liat Cheng Oct 2012

Entrepreneurial Inclination Among Business Students: A Malaysian Study, Yet-Mee Lim, Teck-Heang Lee, Boon-Liat Cheng

The South East Asian Journal of Management

Entrepreneurship has been the fundamental topics of discussion among the politicians, economists, and academics. Business creation is especially critical in developing countries to stimulate economic growth. The present study attempts to examine entrepreneurial inclination among students who are a potential source of entrepreneurs. The findings of the present research study indicate that majority of our business students are not entrepreneurial-inclined. They do not seem to possess strong entrepreneurial characteristics and entrepreneurial skills, and they are not keen in starting a new business. The roles of higher institutes of education and the government in promoting entrepreneurship are discussed.


Students’ Entrepreneurial Intentions By Using Theory Of Planned Behavior: The Case In Indonesia, Rifelly Dewi Astuti, Fanny Martdianty Oct 2012

Students’ Entrepreneurial Intentions By Using Theory Of Planned Behavior: The Case In Indonesia, Rifelly Dewi Astuti, Fanny Martdianty

The South East Asian Journal of Management

This research aims to study the intentions of students in entrepreneurship by using the theory of planned behavior of Fishbein and Ajzein. This study was conducted in six state universities in Indonesia, namely University A in Northern Sumatra, University B in Western Sumatra, University C in Jakarta, University D in Yogyakarta, University E in Eastern Java and University F in Southern Sulawesi with total sample of 600 final year students. Data were analyzed using descriptive and inferential statistics using SPSS 11.5 and structural equation models using LISREL software to test the models. The result shows that the theory of planned …


Conflict Approaches Of Effective Project Manager In The Upstream Sector Of Indonesian Oil & Gas Industry, Adhi Cahyono, Yanki Hartijasti Oct 2012

Conflict Approaches Of Effective Project Manager In The Upstream Sector Of Indonesian Oil & Gas Industry, Adhi Cahyono, Yanki Hartijasti

The South East Asian Journal of Management

Conflict can be functional or dysfunctional to the organization’s performance. This study focused on the relationship between conflict approaches implemented by the project manager based on project team member’s perception on the effectiveness of the project manager in managing project’s conflict. Questionnaires were modified from Barker et al. (1988) to measure conflict management approaches and outcomes of managing project conflict. Data were gathered from 57 respondents who worked in the Engineering, Procurement, and Construction (EPC) contractors serving the upstream sector of the Oil and Gas industry in Indonesia. By using Pearson correlation, result of this study indicated that project managers …


Characterization Of Early And Late Adopters Of Atm Card In Indian Banking Industry, Kamalpreet Kaur Oct 2012

Characterization Of Early And Late Adopters Of Atm Card In Indian Banking Industry, Kamalpreet Kaur

The South East Asian Journal of Management

The present study deals with affect of adoption pattern of the ATMs by banks on its characteristics. With the exploration of various characteristics of the banks like Size, Profi tability, Efficiency, Cost of Operations, Asset quality and Credit risk, Financing Pattern, Diversifi cation and Age etc.; the study has tried to differentiate between the early and late adopter category of the banks regarding ATM cards. The banks have been categorized into early and late adopters on the basis of their adoption period. For this purpose, 50 scheduled commercial banks consisting of 27 Public Sector Banks and 23 Private Sector Banks …


Assessing The Efficiency Of Jakarta Islamic Index-Linked Investing, Anwar Salahuddin, Anton Hermansyah Jul 2012

Assessing The Efficiency Of Jakarta Islamic Index-Linked Investing, Anwar Salahuddin, Anton Hermansyah

The Indonesian Capital Market Review

The passive investing is getting easier with the fund that mimics indexes or market portfolio. The sharia market instruments is the answer to the need of Muslim investors. In the future, there are possibilities for more index-linked funds, exchange traded funds, and index-based derivatives in Indonesia including their sharia counterpart. We analyze the performance of Jakarta Islamic Index in three aspects, profitability, stability, and efficiency, compared with ordinary indexes, the BISNIS-27 Index and the LQ45 Index. The profitability is analyzed using Fama and French Three Factors model. The stability aspect is analyzed using Sharpe Return Based Style Analysis and Style …


The Impact Of 2008 Global Financial Crisis On The Performance Of Selected Indonesian Stocks: A Preliminary Study, Edwin Suparman Jul 2012

The Impact Of 2008 Global Financial Crisis On The Performance Of Selected Indonesian Stocks: A Preliminary Study, Edwin Suparman

The Indonesian Capital Market Review

This research is a preliminary study that analyzes the impact of the US financial markets on Indonesian financial markets during the 2008 global financial crisis. It specifically investigates the occurrence of contagion effect in the Indonesian IHSG index and selected LQ45 stocks with the US S&P500 index by the measurement of correlation using simple correlation, EWMA, OGARCH, and DCC GARCH. It also attempts to discuss on the decoupling of Indonesian market and provide recommendations on dealing with future similar events.


Does Moving Average Technical Trading Rule Provide Value For Intraday Stock Trading?: Evidence From The Indonesia Stock Exchange, Ario Harsanto, Irwan Adi Ekaputra Jul 2012

Does Moving Average Technical Trading Rule Provide Value For Intraday Stock Trading?: Evidence From The Indonesia Stock Exchange, Ario Harsanto, Irwan Adi Ekaputra

The Indonesian Capital Market Review

This paper analyzes the value of employing simple moving average (SMA) and moving average (MA) technical trading rules for intraday stock trading in the Indonesia Stock Exchange. We test independently SMA[5], SMA[10], SMA[15], MA[5,50], MA[5,150], and MA[5,200] trading rules. We find all three SMAs and MA[5,200] tend to deliver returns greater than the unconditional basic return (UBR), while MA[5,50] and MA[5,150] generate returns less than UBR. We conclude that SMAs are more valuable than MAs as intraday technical trading rules.


A Study Of Financial Performance And Stock Return In Ipo Underpricing Phenomenon On The Indonesia Stock Exchange (Idx), Agus Irfani Jul 2012

A Study Of Financial Performance And Stock Return In Ipo Underpricing Phenomenon On The Indonesia Stock Exchange (Idx), Agus Irfani

The Indonesian Capital Market Review

It is widely believed that financial performance of listed companies on stock exchange might potentially affect long-term stock return. However, the impact of financial performance on underpric-ing is still in debate. The purpose of this study is to examine the effect of financial performance on underpricing at the same period and the effect of both financial performance and underpricing on the long-term stock return on the Indonesia stock exchange (IDX). By employing judgemental sampling method, the sample of this reseach includes 43 underpriced stocks taken from the population of 51 initially public offered stocks on the IDX during 2008-2010. This …


The Formation Of Rational And Irrational Behaviors In Risky Investment Decision Making: Laboratory Experiment Of Coping Theory Implication In Investors’ Adaptation Model, Wendy Wendy, Marwan Asri, Jogiyanto Hartono Jul 2012

The Formation Of Rational And Irrational Behaviors In Risky Investment Decision Making: Laboratory Experiment Of Coping Theory Implication In Investors’ Adaptation Model, Wendy Wendy, Marwan Asri, Jogiyanto Hartono

The Indonesian Capital Market Review

This study analyzes the stock investor's rational and irrational behavior formation through Investor's Adaptation model. Hypotheses testings were conducted by manipulating four market conditions using between-subject experimental design. The results supported the hypotheses proposed in this study. When given treatment one (opportunity-high control), investors tended to adapt the profit maximizing strategy (rational). Meanwhile, when given treatment two (opportunity-low control), three (threat-high control) and four (threat-low control), they tended to adapt the profit satisfying strategy (rational-emotional), bad news handling strategy (emotional-rational), and self-preserving strategy (irrational) respectively. The application of rational strategies are intended to obtain personal benefits and profit, while adapting …


Faktor Penentu Kepuasan Dan Loyalitas Pelanggan Dalain Layanan Jasa Penefbangan: Studi Pada Pengguna Lion Air, Ignatius Heruwasto Jul 2012

Faktor Penentu Kepuasan Dan Loyalitas Pelanggan Dalain Layanan Jasa Penefbangan: Studi Pada Pengguna Lion Air, Ignatius Heruwasto

Jurnal Manajemen dan Usahawan Indonesia

The satisfaction and loyalty theory development !,ave been matured. Although its maturity, that concepts still attractive to be studied for the practical reason. The question of what is the driving factorthat influence the airliner passenger satisfied and loyal, is the main question of this article. This study aims to identify the determinants of customer satisfaction and it influence on customer loyalty. Customer satisfaction views of the five dimensions of service quality by Parasuraman (1988), that is tangible, reliability; responsiveness, assurance, and empathy. This study uses quantitative methods to Lion Air's customer at Soekarno Hatta Airport, with a sample size is …


Pengetahuan Tentang Rokok,Pusat Kendali Kesehatan Eksternal Dan Perilaku Merokok, Sitti Chotidjah Jun 2012

Pengetahuan Tentang Rokok,Pusat Kendali Kesehatan Eksternal Dan Perilaku Merokok, Sitti Chotidjah

Makara Human Behavior Studies in Asia

This study was to determine the effect of an external health locus of control on smoking behavior mediated by knowledge about smoking in adolescent boys. The sampling technique was accidental sampling. Subjects were 110 adolescents aged 15-20 years from Yogyakarta. Reliability test results demonstrate the scale of the external health locus of control has good reliability (α = 0.854), while a test of knowledge about smoking have KR-20 = 0.311 and scale α = 0.405 smoking behavior, which means that two instruments are less reliable. In addition, the research data did not meet the assumptions of normality (a = 0.005 …


Impact Of Strategy Implementation On Performance Of Generic Strategy: Evidence From Thailand, Mayookapan Chaimankong, Dissatat Prasertsakul Apr 2012

Impact Of Strategy Implementation On Performance Of Generic Strategy: Evidence From Thailand, Mayookapan Chaimankong, Dissatat Prasertsakul

The South East Asian Journal of Management

The purpose of this paper is to examine the strategic orientation in terms of Miles and Snow typologies of the firms in emerging country and investigate their implications on performance. Unlike previous research, this paper focuses the importance of strategy implementation to the performance implications of Miles and Snow typology. Data was collected from 111 key informants from firms in Thailand’s chemical industry using probability sampling. The one-way Analysis of Variance (ANOVA) results showed that prospectors performed better than the other three strategic types, whereas reactors exhibited the lowest performance scores. While the success in strategy implementation is found to …


Knowledge Creation In Strategic Alliance: Case Of ‘Child Business’ Learning From ‘Parent Partner’, Zuraina Dato Mansor, Wan Mohamed Tarmizi Wan Abdullah Apr 2012

Knowledge Creation In Strategic Alliance: Case Of ‘Child Business’ Learning From ‘Parent Partner’, Zuraina Dato Mansor, Wan Mohamed Tarmizi Wan Abdullah

The South East Asian Journal of Management

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The Effect Of Human Resources On Capital Of Worker Cooperative, Suyanto Suyanto Apr 2012

The Effect Of Human Resources On Capital Of Worker Cooperative, Suyanto Suyanto

The South East Asian Journal of Management

There are several business problems which hampers sustainability of worker cooperatives in Indonesia. They have inadequate capital to support businesses run by cooperatives and the government provides insufficient support for the worker cooperatives. The problem under study is how human resources management affected the capital of worker cooperatives. The study used explanatory approach by employing a census to collect data from 11 existing worker cooperatives in the loading and unloading services in port cities across Java. The data collected was then analyzed with the Path Analysis. Research findings indicate that human resources practices of members, administrators, and managers were significant …


The Effect Of Image Compatibility And Escalation Of Commitment On Decision Performance, Harris K. Turino, Budi W. Soetjipto Apr 2012

The Effect Of Image Compatibility And Escalation Of Commitment On Decision Performance, Harris K. Turino, Budi W. Soetjipto

The South East Asian Journal of Management

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Exploring Ceo’S Leadership Frames And E-Commerce Adoption Among Bruneian Smes, Afzaal H. Seyal, Awg. Yussof, Awg. Mohammad, Mohd Noah A. Rahman Apr 2012

Exploring Ceo’S Leadership Frames And E-Commerce Adoption Among Bruneian Smes, Afzaal H. Seyal, Awg. Yussof, Awg. Mohammad, Mohd Noah A. Rahman

The South East Asian Journal of Management

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Tax Incentive, Public Share Proportion, And Firm Performance: Evidence From Indonesian Capital Market, Vierly Ananta Upa Jan 2012

Tax Incentive, Public Share Proportion, And Firm Performance: Evidence From Indonesian Capital Market, Vierly Ananta Upa

The Indonesian Capital Market Review

Indonesian government has changed the taxation law in 2007. The regulation revealed that companies listed on capital market can obtain reduced income tax rate by 5 percent. Decrease in income tax rates is granted to domestic corporate taxpayers listed on capital market that have public ownership over 40 percent of the total paid shares and the shares owned by at least 300 parties. The purpose of this research is to analyze the effectiveness of government regulation (PP) No. 81 of 2007. This research used companies listed on Indonesia Stock Exchange (IDX) which have right offering in 2009-2010 as a sample. …


An Examination Of Herd Behavior In The Indonesian Stock Market, Adi Vithara Purba, Ida Ayu Agung Faradynawati Jan 2012

An Examination Of Herd Behavior In The Indonesian Stock Market, Adi Vithara Purba, Ida Ayu Agung Faradynawati

The Indonesian Capital Market Review

We examine herd behavior in Indonesian Stock Exchange, using daily and weekly stocks return from 2007 until 2010. We employ the cross sectional standard deviation of returns (CSSD methodology developed by Christie and Huang (1995) and cross sectional absolute dispersion (CSAD methodology developed by Chang et al. (2000) to detect the presence of herd behavior. Using daily and weekly CSSD, we document the nonexistence of herding behavior in Indonesian stock market. However, using CSAD of either data frequency the result demonstrates the presence of herding behavior, particularly on big capitalization and liquid stocks. The result differs from Chang et al. …


Market Price Of Risk Analysis From Three Major Industrial Countries On The Stability Of The Brennan-Schwartz Model, Tri Handhika Jan 2012

Market Price Of Risk Analysis From Three Major Industrial Countries On The Stability Of The Brennan-Schwartz Model, Tri Handhika

The Indonesian Capital Market Review

At any given time, market price of risk must be the same for all derivatives and it is linked in particular to interest rate. The Brennan-Schwartz model is one of the stochastic differential equations for the interest rate under the risk neutral probability measure. To estimate parameters of this model, it is required that the real data which are collected in the real world in which the distribution of interest rate process is under the actual probability measure. Therefore, parameter estimators are obtained by changing the measure which is determined by the market price of risk. Hence, market price of …


Factors Influencing The Profitability Of Listed Indonesian Commercial Banks Before And During Financial Global Crisis, Menur Agustini, Viverita Viverita Jan 2012

Factors Influencing The Profitability Of Listed Indonesian Commercial Banks Before And During Financial Global Crisis, Menur Agustini, Viverita Viverita

The Indonesian Capital Market Review

As a country with bank-based economy, stability and soundness of its banking industry are cru-cial matters for Indonesia especially in dealing with the crisis period, such as financial global crisis which occurred in 2008. Considering the crucial impact of the crisis, this study aims to examine determinants of bank profitability (as the measurement of stability and soundness of banking industry) before and during the crisis period. Using the Generalized Method of Moment (GMM), this study analyzes the profitability of listed commercial banks using unbalanced panel data over the period of 2002-2009. To investigate the impact of recent financial global crisis, …


Turn-Off-The-Month Effect On Stocks In Lq45 Index And Various Sectors In The Indonesia Stock Exchange Using Garch (P,Q), Galih Pandekar, Nadia Putrini Jan 2012

Turn-Off-The-Month Effect On Stocks In Lq45 Index And Various Sectors In The Indonesia Stock Exchange Using Garch (P,Q), Galih Pandekar, Nadia Putrini

The Indonesian Capital Market Review

There are few types of anomalies that occur in the Indonesia Stock Exchange, for example monthly effect, day-of-the-week effect, January effect, holiday effect, and turn-of-the-month effect. The existence of these anomalies is in contrast to the efficient market hypothesis theory, due to a signifi-cant difference in returns during certain periods. By using time-series analysis and the GARCH(p,q) method, the existence of the turn-of-the-month effect has been found in the Jakarta Composite Index, sectoral indexes, and stocks in LQ45. The turn-of-the-month effect seems to be seen in the last two days and the four previous days of each month. The January …