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Asia-Pacific Management and Business Application
Published by Universitas Brawijaya
ISSN : 22528997     EISSN : 26152010     DOI : -
Asia-Pacific Management and Business Application journal (APMBA) is a scholarly journal, publishing internationally leading research across all areas of management. APMBA continuously seeking articles that challenge the affect of globalization through business world through critically informed empirical and theoretical investigations, and present the latest thinking and innovative research on major management topics, while still being accessible and interesting to non-specialists.
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Articles 6 Documents
Search results for , issue "Vol 8, No 2 (2019)" : 6 Documents clear
Board Size and Gender Diversity on Boardrooms and Its Impact of Corporate Risk Taking: Evidence from Indonesia Kusuma Ratnawati
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (339.222 KB) | DOI: 10.21776/ub.apmba.2019.008.02.6

Abstract

The role of company boards as well as it composition in the diversity issues (i.e gender) are very important to make strategic corporate decision. This paper investigates the determinant of corporate risk taking through the size of board and the existence of gender diversity on boardrooms. Focusing on the boards in the non-financial companies, there were 262 companies from period of 2013 to 2016 could be analyzed based on certain criteria. The result of multiple regression analysis showed that the corporate risk taking positively influenced by board size. In contrary, the gender diversity has small negatively effect on corporate risk taking. It suggested that the greater size of the board will increase the volatility of ROA, but the presence of female on boards tends to decrease the volatility of ROA. This paper contributes to the development of theory in the fields of corporate financial management in term of risk taking and lastly. this study also documented that the importance of determining the proportion between male and female boards, as a way to scheming appropriate board composition in company.
Critical Analysis of Sharpe, Treynor and Jensen Methods in Analyzing Stock Portfolio Performance LQ-45 Stock Studies Qur'anitasari Qur'anitasari; Nila Firdausi Nuzula; Ari Darmawan
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2019.008.02.2

Abstract

The purpose of this study is to determine the stocks of the LQ-45 Index which form a portfolio based on a single index model, analyzed by Sharpe, Treynor, and Jensen methods, whether there are differences in the results of calculations and which is the most appropriate in measuring portfolio performance. The method used in this research is descriptive research with a quantitative approach and the data source used is secondary data from the Indonesia Stock Exchange. The population used is the LQ-45 Index shares for the period 2013-2018 and based on established criteria, a sample of 22 shares was obtained. Based on the methods of Sharpe, Treynor, and Jensen, the portfolio performance that is formed experiences a similar and fluctuating movement. Because the three methods produce almost the same value movement, the determination of slope (linear curve) requires accuracy, therefore re-testing is done by using Robustness Test. With the regression analysis it shows that the Sharpe method is most appropriate to be used in measuring portfolio performance in this study. Researchers suggest for further research, in the formation of portfolios can use other portfolio formation models. This research in the formation of LQ-45 stock portfolios using the single index model method, the portfolio formed is only one portfolio each year which causes less number of portfolios compared. In addition to the Sharpe, Treynor, and Jensen methods, researchers can then use other performance measurement methods for comparisons, such as M2 (Modigliani-Modigliani) and Information Ratio (RI). 
The Effect of Earnings Quality on Financial Performance in Indonesia : is the State-Owned Bank better than Private Bank? Rachma Bhakti Utami; Nila Firdausi Nuzula; Cacik Rut Damayanti
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (692.388 KB) | DOI: 10.21776/ub.apmba.2019.008.02.3

Abstract

The primary objective of this study is to analyze the effect of earnings quality on financial performance of banks in Indonesia by comparing the SOEs and private banks. This study uses discretionary accruals and earnings persistence indicators to measure earnings quality, as well as financial performance variables measured through return on assets, return on equity, rate return on loans and total asset turn over. Eight conventional banks compared in this study are 4 government banks and 4 private banks, with research data from 2006-2018. Data is processed using Partial Least Square Multigroup Moderation Technique. The results of this study indicate that earnings quality has a significant effect on financial performance of banks in Indonesia. While the results of bank type moderation show that the effect of earnings quality on financial performance of private banks is greater than that of state-owned banks. This study recommends the importance of applying earnings quality in banks, especially in state-owned banks. Furthermore, this study suggests that government companies should avoid earnings management in order to create good and high quality financial performance, especially in the banking sector in Indonesia.
The Characteristics of MSME Entrepreneurs in Surakarta, Indonesia Asri Laksmi Riani; Agung Prabowo; Mega Shintya Andriyani
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (283.601 KB) | DOI: 10.21776/ub.apmba.2019.008.02.4

Abstract

This study aims to characterize the profile of entrepreneurs from micro, small and medium enterprises (MSME) and core business employees in Surakarta, one of the heritage city in Indonesia. The characteristics examined in this study are the need for achievement, locus of control, tolerance for ambiguity, creativity/innovation, self-confidence, propensity to risk, and a sense of self-sufficiency/freedom. This study also attempts to determine the distinguishing characteristics between entrepreneurs and core business employees. Forty core business employees and thirty-six entrepreneurs were selected using purposive sampling method and questionnaires as the research instruments. Data testing was performed using descriptive statistical analysis methods and independent sample t-test to examine the differences in the characters reflected in the sample studied. The test results indicate that there are significant differences between entrepreneur and core business employees in their character, including the need for achievement, ambiguity tolerance, creativity/innovation, propensity to risk, and a sense of self-sufficiency/freedom. However, there is no significant difference in the character of self-confidence and locus of control. In addition, descriptive statistical tests show that entrepreneurs have a higher mean score on all aspects of the characteristics than core business employees.
Human Resources Competences in Economics Higher Education Provider in East Java, Indonesia : The determinant of organizational performances Fariz Fariz
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (246.219 KB) | DOI: 10.21776/ub.apmba.2019.008.02.5

Abstract

This study seeks to fill a gap (gap) is to integrate human resource competencies, and a culture of innovation in improving organizational performance and competitiveness, especially in the Economics Higher Education Institutes (STIE) in East Java.The study population was the whole STIE in East Java as it listed in LLDIKTI who has at least 50% of study program accredited "B from BAN PT (body of national accreditation) resulting 11 STIE. This study used a sample of saturated (census) on the grounds that the number of population in this study include small , Respondents from the entity unit examined in STIE institution is the Chairman, Vice Chairman I (Academic Affairs) and Chairman of the Program. with a total of as many as 49 (the Forty-Nine) man.Results of testing the hypothesis can be explained: Competence of human resources has a positive impact on organizational performance and exhibited significantly STIE. The results of this study indicate that the first hypothesis (H1) is accepted; Competence of human resources through a culture of innovation has a positive impact on organizational performance and exhibited significantly STIE These results indicate that the second hypothesis (H2) is received. Organizational performance and exhibited significantly have a positive effect on the competitiveness of STIE The results of this study indicate that the third hypothesis (H3) is received.
Job Satisfaction, Job Fairness, and Job Evaluation as an Initial Step of Reward Management System Development: The Implementation of Quality of Work Life Concept Laurentia Verina Halim Secapramana; Heidi Patricia; Eko Nugroho
APMBA (Asia Pacific Management and Business Application) Vol 8, No 2 (2019)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (264.528 KB) | DOI: 10.21776/ub.apmba.2019.008.02.1

Abstract

Quality of work life is an important concept that determines happiness in human life as well as job satisfaction that supports to increased motivation, organizational commitment, and work productivity. One factor that affects the level of job satisfaction is job fairness. Distributive and procedural justice are strong predictors of the fairness felt by employees. The intervention aims to increase fairness and job satisfaction through job evaluations that produce job grading as the beginning of the reward management system. This intervention is also an implementation of the concept of quality of work life that will be applied in the company. This study applies an action research using quantitative and qualitative methods at the same time (mix-method). A total of 79 job holders in 13 divisions at a head office became participants. In the pre-assessment stage, measurement of quality of work life is carried out, in the assessment stage, job satisfaction and job fairness measurements are taken. The results revealed that in the intervention stage a job description is reviewed as part of the job analysis and job evaluation using the Hay method to produce job grading can significantly increase the mechanisms of rewards system. Theoretical and practical implications are discussed. 

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