Journal of Business and Management
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The Effect of Ownership Structures and Earnings Management on Dividend Policy in Indonesia Mining Industry from 2015 to 2019
No full textAbstract. Indonesia Mining sector has an important role in contributing to the countrys\u27 revenue, so its existence on the Indonesia stock market is often the target of many investors. However, its fluctuating commodity prices have an impact on the firms\u27profit and earnings that lead firms to do earnings management and raise an agency conflict since earnings used as dividends predictor. The presence of ownership structures defined by institutional and managerial ownership is one of factors that might influences dividend policy and hopefully can align that situation. By using two measurements such as dividend payout ratio and cash dividend, this research tries to analyze the situation impact on dividend policy with quantitative method. The sample is obtained from Mining firms listed on Indonesia Stock Exchange within 2015 to 2019. The panel data regression is performed and result that institutional ownership and earnings management have no significance effect on dividend policy. Meanwhile, it is found managerial ownership has a positive significant effect on dividend policy in Indonesia Mining industry. The result can be supported by agency theory as the manager shareholders can help to cope with agency conflict and the bird in hand theory explained for the investor who prefer higher dividend since higher value in managerial ownership result in higher dividend.Keywords: Dividend Policy, Institutional Ownership, Managerial Ownership, Earnings Management
THE EFFECT OF GOOD CORPORATE GOVERNANCE ON THE PERFORMANCE OF MEDIUM-SIZED PUBLIC COMPANY IN INDONESIA
No full textAbstract:This research is aimed to examine the relationship between good corporate governance (GCG) and company performance, where medium-sized public companies in Indonesia will be used as the subjects. The samples that are used in this study consist of various public companies in Indonesia which are listed in development board of Indonesia Stock Exchange period 2017-2019. The set of variables that will be used in this study in order to examine the GCG has also been used in numerous similar studies which are board of commissioners, independent commissioner, institutional ownership, and foreign ownership. To measure the company’s performance, return on assets (ROA) of each company for the last three years will be used as the proxies. To examine the relationship between GCG and company performance, panel data analysis test will be used in this research. Based on the test results, it is concluded that foreign ownership has significant negative impact on performance, while the other GCG components (board of commissioners, independent commissioner, and institutional ownership) do not have a significant effect on company performance. This result shows that higher proportion of foreign ownership within the company will decrease company performance.Keywords: good corporate governance (GCG), medium-sized company, company performance (ROA)
The Effect of Adjusted Beta, Current Ratio, Total Asset Turnover, Debt To Equity Ratio, Return on Equity, And Price to Earnings Ratio To Stock Returns Of Manufacturing Companies Listed In Index LQ-45 In The Period Of 2015 - 2019.
No full textThe development of economy allowing the people to be increasingly aware of investing’s importance. According to the Republic of Indonesia’s Ministry of Industry, investors invest up to Rp 216 trillion in the manufacturing industry. However, financial reports must be provided to provide a fair description of the company’s financial position and results of performance to the investors. The independent variables stated in this study are adjusted beta, liquidity ratio (CR), activity ratio (TATO), solvency ratio (DER), profitability ratio (ROE), and market ratio (PER). The dependent variable in this study is stock returns. This research is done as an applied research. This study uses secondary data; adjusted beta data from PEFINDO, company financial reports (www.idx.co.id) and historical prices (www.yahoofinance.com). The sampling technique was nonprobability sampling, namely purposive sampling. The results showed that CR and ROE had a partial effect on stock returns. Meanwhile, adjusted beta, CR, TATO, DER, ROE, and PER have a simultaneous effect on stock returns. These results are obtained from the tests that have been carried out.Keywords: Adjusted beta, Current Ratio, Total Assets Turnover, Debt to Equity Ratio, Return on Equity, Price Earning Ratio
Understanding Generational Perceptions: The Influence of Free Service towards Premium Service Purchase Intention in OMS Platform
No full textThe Online Music Streaming (OMS) platform is one of the biggest contributors towards music industry’s revenue. However, the revenue stream of OMS platform is limited into two sources; premium service and paid advertisements. Most of the users are using the free service of the platform and they are spread between three consecutive generations; generation X, Y, and Z. This research purpose is to (1) identify the difference in how each generation’s age and behavior affect their perceptions towards the free OMS platform; (2) determining its impact towards the intention to convert into premium user. This research involved 402 respondents from Indonesia and is analyzed using the SEM-PLS method. The results show that only generation X has different influence towards their perceptions on OMS platform. Generation Y and Z has significant influence towards their perceived usefulness, perceived enjoyment, and perceived trust. However, the perceived usefulness is the only perception that has significant impact towards their purchase intention. Meanwhile, generation X was found to have insignificant influence towards their perceived trust and none of the perceptions have a significant influence towards their purchase intention of premium service in OMS platform. This research is expected to benefits the OMS Industry and future studies. Keywords : Consumer Perception, Digital Platform, Generational Cohorts, Music Streaming, PartialLinear Regression, Purchase Intention
Measuring the Content Characteristics and Ad Efficacy of GoJek and Grab advertisement.
No full textAbstract. GoJek and Grab are a company here in Indonesia that move on the Ride Hailing Transportation Service industry. They compete on almost every aspect in their businesses, one of those aspects is the advertisement. The problem is they adopt different strategies in their advertisement, even though they are in the same industry. This brings the question of which advertisement strategies are more effective to attract the customer. There is a statement in previous research that in order to analyze the effectiveness of an Advertisement, researchers could measure the Content Characteristics and Ad Efficacy of the advertisement itself. The researcher used the quantitative approach in order to gain the data that is needed for this research, by handing out surveys in the form of questionnaires to the sample of this research. Researchers use the Kruskal Wallis and the SmartPLS test to analyze the data from the survey. The main purpose of this study is to give recommendations for companies or businesses on the Ride Hailing Transportation Service industry on their advertisement strategy.Keywords: Ad Efficacy, Advertisement, Advertisement Strategy, Content Characteristics, Effective Advertisemen
Analysis of channel integration quality on channel attributes towards customer purchase preference fore coffee Indonesia
No full textAbstract. Customer demand on purchase experience across all integrated channel has driven retailer industries, especially food and beverage retailers to make a technological advancement of channel integration through omnichannel retailing to remain competitive. Channel-service configuration, and channel integration quality is the main aspects regarding the customer engagement of the omnichannel strategy. However, development of omnichannel practice on the food and beverage retailing industries drives customer confusion to choose their channel preference regarding the purchase stage. Despite the new seamless customer experience given, omnichannel practice has a big cost to develop it. This research aimed to analyse the key driver regarding the channel attributes, and impact of customer experience towards customer channel purchase preference of Fore Coffee Indonesia by identifying the key drivers that affect the perceived quality, price, and convenience. The data of this research is obtained using an online questionnaire through 200 respondents and further be analysed using SEM-PLS. This research findings based on the data analysis shows that channel attributes and channel experience have a positive relationship towards channel purchase preference. Channel experience has the highest impact influencing customer purchase preference on the omnichannel platform. This research findings are expected to provide a broader perspective to food and beverage retail industry that managed to make a technological advancement of omnichannel strategy, where channel attributes and channel experience should be considered to gain improvement for the company. Whereas, content consistency, process consistency, and breadth of channel-service choice also need to be maintained to achieve a consistent channel attributes among all available channel.Keywords: Omnichannel; Channel Choice Preferences; Integration Quality; Channel-service Configuration; Channel Experience; Channel Attribute
Food Waste Management Feasibility Study in Hotel X
No full textAbstract. This paper aims to find out the problems that faced by 1000Kebun and help them in implementing food waste management for the Hotel X. Hotel X is a 5 star hotel located in Bandung, Indonesia with good reputation and experience in hotel industry. Most of Hotel X wastes are food waste and several Hotel X staffs realized that they have to conduct food waste management to have their own waste management system. However, they have zero experience in waste management, therefore they will conduct cooperation with 1000Kebun, one of organic community in Bandung. Since this will be the first time for 1000Kebun to implement food waste management, they faced several problems in structuring the business, detailing the food waste management process, and calculating the worth of investment for implementing food waste management. The results from this paper are the detailed business process of Hotel X using Business Process Modelling Notation (BPMN), cost benefit analysis using Net Present Value and Payback Period, and Hotel X food waste management business model canvas.Keywords: Business Process, Business Model Canvas, Business Process Modelling Notation, Cost Benefit Analysis, Food Waste Management
The study of consumer buying behavior towards korean popular (kpop) boyband “bts” physical music album in Indonesia
No full textAbstract. As Korean pop is growing rapidly in the worldwide. BTS as one of the K-pop boyband has become the world's most successful boy band. This condition also occurs particularly in Indonesia. BTS fans in Indonesia have proven to be the top 10 countries with the largest BTS fans in the world. However, this has no effect on the sales of BTS physical music albums in Indonesia. Although in less than 7 years BTS has sold more than 20 million physical albums and making them the best-selling Korean act of all time, Indonesia still does not include into the highest BTS album sales data. Therefore, this study aimed to examine more closely about the consumer buying behavior that influence the phenomenon of BTS hysical music albums sales that were conducted by BTS fans in Indonesia and recommendations that can be done by K-pop boyband marketers in selling the physical music album products. This research will be conducted through a quantitative approach by an online survey and participants of this research are 247 Indonesia consumer’s who have bought BTS physical album. Researcher explores factors (audio component, visual component, idolatry) which are adopted from related journals and using Theory of Planned Behavior that was modified to be the model of this study. This research using PLS-SEM to analyze the relationship between the factors, attitude toward BTS physical music album, subjective norms, perceived behavioral control, purchase intention, and purchase behavior. The result indicates that idolatry, attitude toward BTS physical music album, perceived behavioral control are affecting Indonesian purchase behavior toward BTS physical music album. The finding of this research is expected to enhance the K-pop boyband marketers’ knowledge about Indonesian consumers and can maximize the selling of K-pop boyband physical music album products in Indonesia. Keywords: K-pop, Theory of Planned Behavior (TPB), Purchase Intention, Purchase Behavio
Quarter-life millennials’ perspectives on women’s role and career in industry 4.0
No full textAbstract. Womens’s empowerment now has become one of the most important concerns of the 21st century. Women take a dual role in their lives, domestic and public. Many women have held top leadership in an institution, such as ministers or managers of companies. The emergence of the industrial revolution 4.0 must be used properly handled by women as an opportunity for women as part of promising world society. The fact that women are still called to work in the industrial world still has several challenges. Many educated women are also less likely than men to seek careers in various industries. This study reveals that students from various colleges in Indonesia as part of the millennial generation who enter or are living in a quarter-life cycle, have diverse perspectives on the role and career of women in the industry 4.0. It was found that there are many factors and aspects that underlie their diverse perspectives and are influenced by students' insights and experiences. This study concludes that the complexity experienced when dealing with millennials impacts on the formation of millennial generation perspectives on the role and career of women in industry 4.0.Keywords: Millennials, Women’s Role, Women’s Career, Industrial Revolution 4.0, Quarter-Lif
Discovering business communication models for social entrepreneurship in efforts to increase brand awareness case study : hear me
No full textAbstract In this study the authors wanted to find out how the business communication model applied by Hear Me in an effort to increase brand awareness. As a new social entrepreneurship, Hear Me needs to apply a good business communication model in order to compete with competitors and be accepted by potential customers. The method used to find data in this study is a descriptive qualitative method, n which the writer conducts in-depth interviews with members and potential customers of Hear Me. Data from the results of data collection then analyzed using data reduction, display data, and making conclusions. The results of the research conducted several business communication models applied by Hear Me, namely Linear Communication Model where the form of application is media communication, Interksional Communication Model by establishing relationships with potential ustomers and Transactional Communication Models that occur when following events in an effort to achieve the same meaning for those involved in the communication process. Some recommendation that Hear Me can applied based on the analysis include increasing information to the Community of Deaf Friends, using other types of social media, communicating with the government, and launching the applications.Keyword Business Communication Model, Brand Awareness, Social Entrepreneurshi