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Full-Text Articles in Business

Organizational Characteristics And Employee Overall Satisfaction: A Comparison Of State-Owned And Non State- Owned Enterprises In Vietnam, Lam D. Nguyen Oct 2011

Organizational Characteristics And Employee Overall Satisfaction: A Comparison Of State-Owned And Non State- Owned Enterprises In Vietnam, Lam D. Nguyen

The South East Asian Journal of Management

Differences in employee overall job satisfaction between public and private sector organizations have long been a topic of organizational academic debate. This study looks at the differences and the relationships between organizational characteristics and employee overall satisfaction between the State-Owned Enterprises (SOEs) and the Non-State-Owned Enterprises (Non-SOEs) in Vietnam. The purpose of this study is threefold: 1) to examine the differences in organizational characteristics in 7 components including purposes, structure, leadership, relationships, rewards, helpful mechanisms, and attitude toward change; 2) to examine the differences in employee overall satisfaction; and 3) to explore the relationship between organizational characteristics and employee overall …


A Framework Of Performance Measurement System For Manufacturing Company, Dermawan Wibisono Oct 2011

A Framework Of Performance Measurement System For Manufacturing Company, Dermawan Wibisono

The South East Asian Journal of Management

In the current dynamic environment, measuring a company’s performance becomes exceedingly complex since Performance Measurements Systems (PMS) not only measure a company’s performance but also reflect their organizational culture and philosophy. Designing and implementing PMS is an integral part of management control systems. However, traditional PMS are criticized for being obsolete, irrelevant to managerial decision making, unrelated to strategic objectives and detrimental to organizational improvements. Given the shortcomings of traditional PMS, there is need for a new framework that can lead to the design of a PMS that balances short-term and long-term measures, internal and external measures, and financial and …


Individual Differences In Participations Of A Brand Community: A Validation Of The Goal-Directed Behavior Model, Badri Munir Sukoco Oct 2011

Individual Differences In Participations Of A Brand Community: A Validation Of The Goal-Directed Behavior Model, Badri Munir Sukoco

The South East Asian Journal of Management

Previous studies have been neglected the behavior of the owners who are non-members when discussing brand community (BC), even though they are substantially larger. This study purposely discuss what are the differences between the two by using model of goal directed behavior (MGB) and uses the findings as a way to recruit non-members in BC activities. This study also proposes some refinements to the original concept of MGB. This survey-based study, conducted with 201 active members and 226 non-members of a motor club in Indonesia, employs structural equation modeling methodology which supports the proposed model. The findings suggest that non-members …


Perception Of Export Barriers In A High-Tech Sector In A Less Developed Country: The Case Of Ict Smes In Malaysia, Christopher J. R. Richardson Oct 2011

Perception Of Export Barriers In A High-Tech Sector In A Less Developed Country: The Case Of Ict Smes In Malaysia, Christopher J. R. Richardson

The South East Asian Journal of Management

This paper investigates which export barriers are most pressing to small and medium sized enterprises (SME) in a high-tech sector in a developing-country. It also examines whether exporters and non-exporters perceive different export barriers as being more pressing to their export development/initiation. The unit of analysis is SMEs in Malaysia’s information and communications technology (ICT) sector. The findings suggest that the high cost of exporting is the most severe problem facing firms in the sample, with cultural differences posing the least important obstacle. Furthermore, with just two exceptions, there are no statistically significant differences in the perceptions of export barriers …


The Role Of Hrm Practices In Predicting Faculty Turnover Intention: Empirical Evidence From Private Universities In Bangladesh, Mohd. H. R. Joarder, Dr. Mohmad Yazam Sharif Sep 2011

The Role Of Hrm Practices In Predicting Faculty Turnover Intention: Empirical Evidence From Private Universities In Bangladesh, Mohd. H. R. Joarder, Dr. Mohmad Yazam Sharif

The South East Asian Journal of Management

The present study was designed to examine the relationship between human resource management practices and turnover intention among the faculty members of private universities in Bangladesh. The prime objective of this study was to understand whether the institution’s HRM practices can influence faculty turnover decision. A total of 317 faculty members of different private universities located in Dhaka Metropolitan Area(DMA) participated in the survey and returned the questionnaire to the researchers which represented 57% response rate of the study. Multiple regression analyses were used to test the hypotheses of the study. The study found faculty compensation, supervisory support and job …


Analisis Pengaruh Iklim Kerja Terhadap Kepuasan Kerja Dan Kualitas Pelayanan, Ignatius Heruwasto Sep 2011

Analisis Pengaruh Iklim Kerja Terhadap Kepuasan Kerja Dan Kualitas Pelayanan, Ignatius Heruwasto

Jurnal Manajemen dan Usahawan Indonesia

Service quality is an important thing to be delivered by every company. Every company is trying to achieve superiority compare to others, by providing the best of service delivery. Employees are the influential factor to delivery the service quality. Service quality is depended on how the employees interact with 􀀖ustomers. In delivering those superior services quality, job satisfaction is a key factor and is influenced by the quality of their work environment. This research reveals, the working environment impact positively on job satisfaction, and job satisfaction impact positively on quality of service. The research method in this study is a …


Investors’ Behavior Placing Orders In Indonesia Stock Exchange, Ghazali Syamni Jul 2011

Investors’ Behavior Placing Orders In Indonesia Stock Exchange, Ghazali Syamni

The Indonesian Capital Market Review

The objective of this research is to analyze the behavior pattern of trading volume at opening and closing of market in Indonesia Stock Exchange. The behaviors pattern is structured by investors' decision in placing buy and sell orders. This research used intraday data transaction history-corporate edition demand and order history stock which included in pre-opening and LQ-45 in Indonesia Stock Exchange on March, April, and Mei 2005. The result of this research is investor place bigger order on the opening and closing markets than period trading. This shows that they are more carefully and more conservative in doing trades on …


Comparison In Measuring Effectiveness Of Momentum And Contrarian Trading Strategy In Indonesian Stock Exchange, Rizky Luxianto Jul 2011

Comparison In Measuring Effectiveness Of Momentum And Contrarian Trading Strategy In Indonesian Stock Exchange, Rizky Luxianto

The Indonesian Capital Market Review

This paper wants to explore the effectiveness of momentum or contrarian strategy in Indonesian Stock Exchange using different methods in measuring the performance. The point of momentum or contrarian strategy is selecting winner (stocks with highest gain) or loser stocks (stocks with highest loss) and then buy or sell it based on the research result. This research employed three methods in measuring performance to select winner and loser stocks. The irst method used cross section relative return, while the second method used cross section relative return plus risk component (return divided by standard deviation), and the third method employed historical …


The Behavior And Determinants Of Stock Market Index In Indonesia, Gantiah Wuryandani Jul 2011

The Behavior And Determinants Of Stock Market Index In Indonesia, Gantiah Wuryandani

The Indonesian Capital Market Review

This research proves that the movement of Stock Market Index (JSX) in Indonesia does not follow random walk. Therefore, certain variables in inancial market inluence the movement of JSX. VECM and ECM testings show that regional index in ASEAN countries and Hongkong as well as exchange rate signiicantly affect JSX movement. This indicates a strong contagious effect of the stock market in Asia on the Indonesian stock market, which joined the exchange rate effects concurrently. On the other hand, monetary policy through Bank Indonesia rate (BI rate) less strongly affects the movement of JSX, albeit signiicant. Implicitly, this indicates that …


Moon Effect On Paciic Basin Stock Markets, Rayenda Khresna Brahmana, Chee Wooi Hooy, Zamri Ahmad Jul 2011

Moon Effect On Paciic Basin Stock Markets, Rayenda Khresna Brahmana, Chee Wooi Hooy, Zamri Ahmad

The Indonesian Capital Market Review

This is an empirical study on the inluences of moon on seven stock markets, which are Indonesia, Malaysia, United Kingdom, United States, Philippines, Japan, and Thailand. The period is from January 1999 until December 2009 in daily basis. This study investigates the relationship between moon phase and market returns. We divided moon phases into new moon and full moon. While literature mention the relationship between moon phase and market returns, our research reject the null hypothesis in regression analysis. However, the descriptive catches the indication and conirmed previous research. It also proposes that the market is still rational and not …


Causal Nexus Between Stock Price, Demand For Money, Interest Rate, Foreign Institutional Investment, And Exchange Rates In India: A Post Subprime Crisis Analysis, Iti Vyas, Narayan Prasad, Alok Kumar Mishra Jul 2011

Causal Nexus Between Stock Price, Demand For Money, Interest Rate, Foreign Institutional Investment, And Exchange Rates In India: A Post Subprime Crisis Analysis, Iti Vyas, Narayan Prasad, Alok Kumar Mishra

The Indonesian Capital Market Review

This paper makes an attempt to empirically examine the causal nexus between stock price, demand for money, interest rates, foreign institutional investment and exchange rates in India in the post subprime mortgage crisis period. The study employed Granger causality test, Vector Auto Regression and Johansen Maximum Likelihood procedure to examine the short run and long run dynamic interaction among the above mentioned variables for the period January 1993 to May 2009. The major indings of the study are: stock return affects exchange rate return, net foreign institutional investment and growth of demand for money. Growth of demand for money, in …


Customer Relationship Management: Pengembangan Memakai Konsep-Konsep Di Pemasaran, Ignatius Heruwasto Jun 2011

Customer Relationship Management: Pengembangan Memakai Konsep-Konsep Di Pemasaran, Ignatius Heruwasto

Jurnal Manajemen dan Usahawan Indonesia

The concept of customer relationship management (CRM) has been recognized since early 19905 in the management literature and business practice. Despite its popularity, there is a gap between CRM vision, concept and framework for the implementation, causes the majority of the users fail to gain, the 'benefit. Based on concepts in marketing, this article develop CRM in which initialy i,;iitiated by information technology to be more comprehensive, implementable and useful/.


Government Financial Management, Strategy For Preventing Corruption In Indonesia, Haryono Umar Apr 2011

Government Financial Management, Strategy For Preventing Corruption In Indonesia, Haryono Umar

The South East Asian Journal of Management

In popular view, the term accountability generally refers to a wide spectrum of public expectations dealing with organizational performance, responsiveness, good governance, and even morality of government and nonprofit organizations. These expectations often include implicit performance criteria – related to obligations and responsibilities – that are subjectively interpreted and sometimes even contradictory. And in this broader conception of accountability, the range of people and institutions to whom public and nonprofit organizations must account include not only higher authorities in the institutional chain of command but also the general public, the news media, peer agencies, donors, and many other stakeholders (Kearns, …


Productivity Spillovers From Foreign Direct Investment: What If Productivity Is No Longer A Black Box?, Tran Toan Thang Apr 2011

Productivity Spillovers From Foreign Direct Investment: What If Productivity Is No Longer A Black Box?, Tran Toan Thang

The South East Asian Journal of Management

While the positive productivity spillover from Foreign Direct Investment (FDI) to domestic owned firms in host countries is unequivocally emphasized in theory, the empirical evidence is contradictory. This paper, based on firm level data in Vietnam (enterprise census, 2000-2005), provides more inside on that. Using time-varying stochastic frontier approach, the study decomposed the change of productivity into technical change, technical efficiency change and scale efficiency change. The evidence from estimating the spillovers in each corresponding components suggest that horizontal FDI bring negative spillovers, mainly to technical change but positive spillovers to technical efficiency. Vertical FDI also have mixed impacts to …


Relationship Between Organizational Justice Perception And Engagement In Deviant Workplace Behavior, Muhammad Irfan Syaebani, Riani Rachmawati Sobri Apr 2011

Relationship Between Organizational Justice Perception And Engagement In Deviant Workplace Behavior, Muhammad Irfan Syaebani, Riani Rachmawati Sobri

The South East Asian Journal of Management

Deviant workplace behavior is not something unusual and is prevalent in organizational dynamics. It is found in all types of organizations and in all levels of positions. This deviance is costly not only in financial, but also in social and psychological terms. This research aims to reveal whether there is any association between organizational justice perception and engagement in deviant workplace behavior since so many scholars argue that organizational injustice can serve as one of the causes to workplace deviance. Three forms of organizational justice are used in this research; they are: distributive, procedural, and interactional justice. Additionally, two dimensions …


The Influence Of Corporate Social Responsibility Activity Toward Customer Loyalty Through Improvement Of Quality Of Life In Urban Area, Tengku Ezni Balqiah, Hapsari Setyowardhani, Khairani Khairani Apr 2011

The Influence Of Corporate Social Responsibility Activity Toward Customer Loyalty Through Improvement Of Quality Of Life In Urban Area, Tengku Ezni Balqiah, Hapsari Setyowardhani, Khairani Khairani

The South East Asian Journal of Management

The success of Corporate Social Responsibility (CSR) activities can create competitive advantage by influencing customer responses to firms’ offering. Customer’s awareness of CSR activity will influence their loyalty through their perception that activity can improve society’s quality of life where the CSR activities were implemented. The objective of this study is to evaluate the relationship between CSR awareness and loyalty that mediated by CSR Belief, Company Ability Belief, Quality of Life, and Company Reputation using Structural Equation Modelling (SEM). The result shows little differrences among five firms/brands as the object of the research, that are beverage, soap, car, lubricant, and …


Intellectual Capital: A Focus On Human Capital Reporting Practices Of Top Malaysian Listed Companies, Norhayati Mat Husin, Noormala Ahmad, Raedah Sapingi Apr 2011

Intellectual Capital: A Focus On Human Capital Reporting Practices Of Top Malaysian Listed Companies, Norhayati Mat Husin, Noormala Ahmad, Raedah Sapingi

The South East Asian Journal of Management

This paper aims to examine the extent of human capital (HC) reporting among top Malaysian companies and introduce an HC reporting guideline that can be used by Malaysian companies and regulator. It begins by developing the HC framework based on previous intellectual capital (IC) frameworks. This framework is then used to examine each of the top 100 Malaysian companies listed on the Bursa Malaysia in year 2008. Using the content analysis method, it reviews the annual reports of these companies to determine the extent of HC reporting. The findings of this paper highlight the need for the development of IC …


Risk And Real Estate Investment Trust (Reits) Return: Evidence From Listed Public Trust, Nor Edi Azhar Binti Mohamad, Noriza Mohd Saad, Suzaida Bakar Jan 2011

Risk And Real Estate Investment Trust (Reits) Return: Evidence From Listed Public Trust, Nor Edi Azhar Binti Mohamad, Noriza Mohd Saad, Suzaida Bakar

The Indonesian Capital Market Review

This study examines an association of risk and returns of REITs from Malaysian REITs listed companies. The secondary data for analysis is retrieved from Bloomberg's Database of all 13 listed REITs in the Bursa Malaysia main market for three year period, from 2007 to 2009 with quarterly observation. The dependent variables are average return, expected return using Capital Asset Pricing Model, Sharpe Index, and Jensen Alpha Index. The independent variables represented by standard deviation, beta, trading volume, gross domestic product, inlation rate, and share price. The control variable for this study is type of REITs, whether it was categorized as …


Financial Development And Economic Growth Nexus: The Moroccan Case, Mohamed Abouch, Elhadj Ezzahid Jan 2011

Financial Development And Economic Growth Nexus: The Moroccan Case, Mohamed Abouch, Elhadj Ezzahid

The Indonesian Capital Market Review

The issues of the existence and the direction of causality between inance and growth are not yet settled. Even if theoretical and historical evidences suggest an important contribution of inance to foster economic growth, empirical studies provide conlicting results depending upon analytical approaches, econometric techniques, and used data sets. The empirical exploration of the links between the development of the Moroccan inancial sector (MFS) and the economic performance of the country shed some light on the proile of this relationship. It appears that even if the indicators measuring the degree of development of the MFS have steadily evolved, they are …


Early Warning System In Asean Countries Using Capital Market Index Return: Modiied Markov Regime Switching Model, Imam Wahyudi, Rizky Luxianto, Niken Iwani Suryaputri, Liyu Adhika Sari Sulung Jan 2011

Early Warning System In Asean Countries Using Capital Market Index Return: Modiied Markov Regime Switching Model, Imam Wahyudi, Rizky Luxianto, Niken Iwani Suryaputri, Liyu Adhika Sari Sulung

The Indonesian Capital Market Review

Asia's financial crisis in July 1997 affects currency, capital market, and real market throughout Asian countries. Countries in southeast region (ASEAN), including Indonesia, Malaysia, Philippines, Singapore, and Thailand, are some of the countries where the crisis hit the most. In these countries, where financial sectors are far more developed than real sectors and the money market sectors, most of the economic activities are conducted in capital market. Movement in the capital market could be a proxy to describe the overall economic situation and therefore the prediction of it could be an early warning system of economic crises. This paper tries …


An Evaluation Of Indonesian Capital Market Co-Integration With Asean 4 To Enter The Asean Capital Market Integration In Accordance To Asean Economic Community (Aec) 2020 Scheme: Should Indonesia Enter Or Postpone?, Barli Suryanta Jan 2011

An Evaluation Of Indonesian Capital Market Co-Integration With Asean 4 To Enter The Asean Capital Market Integration In Accordance To Asean Economic Community (Aec) 2020 Scheme: Should Indonesia Enter Or Postpone?, Barli Suryanta

The Indonesian Capital Market Review

Association of South East Asian Nations (ASEAN) Economic Community (AEC) 2020 has already been declared on 7 October 2003 by ASEAN Concord II in Bali, Indonesia. In general, AEC was designed to prepare ASEAN countries for ASEAN economic integration within the next 10-15 year. ASEAN Free Trade Area (AFTA) had actually been launched since 1992 though was not comprehensive enough and kept ASEAN only partially integrated. To overcome it, ASEAN proposed inancial integration through capital market integration based on AEC commitment in order to reach comprehensive ASEAN economic integration. Indonesia is one of the ASEAN members that is linked by …


Role Of Indian Commodity Derivatives Market In Hedging Price Risk: Estimation Of Constant And Dynamic Hedge Ratio, And Hedging Effectiveness, Brajesh Kumar, Ajay Pandey Jan 2011

Role Of Indian Commodity Derivatives Market In Hedging Price Risk: Estimation Of Constant And Dynamic Hedge Ratio, And Hedging Effectiveness, Brajesh Kumar, Ajay Pandey

The Indonesian Capital Market Review

This paper examines hedging effectiveness of four agricultural (soybean, corn, castor seed and guar seed) and seven non-agricultural (gold, silver, aluminium, copper, zinc, crude oil and, natural gas) futures contracts traded in India, using VECM and CCC-MGARCH model to estimate constant hedge ratio and dynamic hedge ratios, respectively. We ind that agricultural futures contracts provide higher hedging effectiveness (30-70%) as compared to non-agricultural futures (20%). In the more recent period, the hedging effectiveness of Indian futures markets has increased. When hedging effectiveness of non-agricultural Indian futures contracts with the world spot markets (NYMEX and LME) is analyzed, hedging effectiveness increases …


Customer Relationship (Hubungan Konsumen) Mempengaruhi Loyalitas Pelanggan Im3, Three, Esia, Dan Flexi, Ignatius Heruwasto Jan 2011

Customer Relationship (Hubungan Konsumen) Mempengaruhi Loyalitas Pelanggan Im3, Three, Esia, Dan Flexi, Ignatius Heruwasto

Jurnal Manajemen dan Usahawan Indonesia

This research combines two important concepts, namely customer relationships (consumer relationships) and consumer loyalty. This research focuses on the customer relationship process at cellular providers IM3, Three, Esia, and Flexi, which are cellular providers that have superior products. Apart from cellular providers IM3, Three, Esia, and Flexi also have many competitors who are ready to compete to win consumers. .The reason underlying this research topic is that every provider, in retaining its consumers or customers, must have good relationships with customers at the same time as consumers so that they can increase and maintain customer loyalty. The aim of this …