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INDONESIA
DIJB (Diponegoro International Journal of Business)
Published by Universitas Diponegoro
ISSN : 25804987     EISSN : 25804995     DOI : -
Core Subject : Economy, Science,
Diponegoro International Journal of Business (DIJB) is a biannually peer-reviewed journal issued by Department of Management, Faculty of Economics and Business, Universitas Diponegoro. DIJB aims to be the media for publishing empirical issues related to business studies. DIJB invites manuscripts in the various topics, but not limited to, functional areas of management, including marketing management, finance management, operation management, human resource management, innovation management, knowledge management, organizational behavior, organizational development, and change management.
Arjuna Subject : -
Articles 77 Documents
Value stock and growth stock on Indonesia stock exchange after global crisis Muhammad Fadhil Rabbani; Harjum Muharam
Diponegoro International Journal of Business Vol 1, No 1 (2018)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (392.251 KB) | DOI: 10.14710/dijb.1.1.2018.8-13

Abstract

This study was conducted to determine whether there are differences between the stock return of value stocks and growth stock in Indonesia before and after the world financial crisis that occurred in 2008. To investigate the difference, the stocks formed into a portfolio that is based on the 2002 calculated in 2002 and 2009 when the world financial crisis has ended. The formation of the portfolio based on stocks that have gone public before 2000 and have the complete data during the study period. For the determination of the categories of stocks used Price-to-Earnings ratio, price-to-book ratio and price-to-cash flow ratio. Shares of stock that has a very high ratio will be eliminate to avoid bias that may occur if the stocks are still included. Similarly, the stocks of which are negative because they do not meet the criteria as a value stock. Then ANOVA test conducted to determine differences in returns and Sharpe ratio on the portfolio which was formed in 2002 and in 2009. Results from this studies are not found differences in returns and Sharpe ratio on both the portfolio. This indicates that the formation of the portfolio by value stocks and growth stock can not be used as a guide to get a high return.
Determinants of regional entrepreneurship development: empirical study of batik clusters in Indonesia Hani Sirine; A Rony Yulianto; Arif Julianto Sri Nugroho; Sony Heru Priyanto
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (543.519 KB) | DOI: 10.14710/dijb.2.2.2019.64-75

Abstract

This study aims to identify the factors that trigger and inhibit regional entrepreneurship and the development of regional entrepreneurship networks in terms of the economic environment, cultural environment, regulatory environment, business environment, and support environment. Data analysis techniques used descriptive statistics, where data were obtained from distributing questionnaires to 100 batik entrepreneurs in the Tegal batik cluster and the Klaten batik cluster. The results of this study indicate the factors that triggered regional entrepreneurship in the Tegal and Klaten batik clusters, including the desire to invest, the desire to be creative, the desire to have autonomy, the desire to have status, the desire to have wealth, and market opportunities. The factors that become obstacles to regional entrepreneurship in the Batik Tegal and Klaten Clusters are fierce of competition, risk and cost. The development of regional networks of entrepreneurship in the Tegal batik cluster is supported by the economic environment, regulatory environment, and business environment, while in the Klaten batik cluster, it is supported by the cultural environment, business environment, and support environment.  
Determinants of dividend payout ratio: evidence from Indonesian manufacturing companies Dessy Widyawati; Astiwi Indriani
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (840.528 KB) | DOI: 10.14710/dijb.2.2.2019.112-121

Abstract

The purpose of this study is to investigate and analyze the relationship between return on assets, growth sales, debt to equity ratio, lagged dividend to dividend payout ratio and size as control variable. Data collected from manufacturing industries in Indonesian Stock Exchange 2011-2017. The method of this study is ordinary least square regression. The results of this study shows that return on assets and lagged dividend have positive impact to dividend payout ratio. Growth sales has insignificance negative relationship to dividend payout ratio. Debt to equity ratio has positive relationship to dividend payout ratio and has insignificance sign
Observing pro-environmental behavior based on consumer attitudes and norms Jati Waskito; I Imronudin; C Chuzaimah
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (446.149 KB) | DOI: 10.14710/dijb.2.2.2019.76-85

Abstract

This study aims to investigate the differences in underlying psychological aspects regarding pro-environmental  behavior between two distinct consumer groups: green product  and non-green product consumers. Psychological aspects investigated includes cognitive attitude, affective attitude, social norm, and behavioral intention. Using survey, a total of 276 responses from Solo, Jogyakarta, and Semarang are succesfully collected. Confirmatory factor analysis was conducted to check the measurement model, while a multiple regression and MANOVA were performed to examine the proposed hypothesis. Compared to non-green product consumers, green product consumers exhibited significantly higher levels of cognitive attitude, affective attitude, social norm, personal norm, and green consumer behavior. Also cognitive, affective attitude, and personal norm predicted green consumer behavior. The limitations of this study include the self-reporting questionnare and the measurmenet of consumers’ recycling intention rather than their actual behavior.
Organizational culture types and individual readiness for change: evidence from Indonesia Aktsar Hamdi Tsalits; Gugup Kismono
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (545.784 KB) | DOI: 10.14710/dijb.2.2.2019.86-95

Abstract

This study aims to examine the effect of organizational culture types on individual readiness for change in Indonesia as a country with high collectivism. Specifically, this study examines the effect of four types of culture namely clan, adhocracy, market, and hierarchy on individual readiness for change. The sample of this study was 264 employees of XYZ Company, a family company in Indonesia that made changes by releasing part of its shares into the stock market. Test results using simple regression support the hypothesis that clan culture and adhocracy have a positive effect on individual readiness for change. However, the influence of market culture and hierarchy on individual readiness for change was also found to be positive instead of negative as hypothesized. Discussions and suggestions for future research are presented.
The effect of financial performance, IOS, and firm size on cash holdings: the role of dividend policy as moderating variable Woen Cliff Wibowo; Sugeng Wahyudi
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (709.289 KB) | DOI: 10.14710/dijb.2.2.2019.96-106

Abstract

This study aims to determine and analyze the effect of financial performance (profitability, leverage, capital expenditure, liquid asset substitute), IOS, and company size on cash holding by using dividend policy as a moderating variable. The number of samples of this study was 108 observations of non-financial companies in the LQ 45 Index for the period  of 2011-2016. The results of moderated regression analysis (MRA) shows that profitability has a positive effect on cash holding, while leverage, liquid asset substitute, IOS, and firm size have negative effect on cash holdings. The results of this study also show that dividend policy can be a moderating variable which weakens the positive effect of profitability on cash holding and strengthens the negative effect of capital expenditure, but the dividend policy is not able to moderate the influence of leverage on cash holding. As a result, the companies were able to make large dividend payouts to reduce the excessive amount of cash holding that managers often abused for their own benefits and increasingly prospering investors with a given dividend.
The effect of inflation, profit-loss sharing loan, and capital adequacy towards performance of Indonesian Islamic banks Luksi Visita
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (517.582 KB) | DOI: 10.14710/dijb.2.2.2019.57-63

Abstract

The purpose of this study is to observe the impact of inflation, profit-loss sharing loan, and capital adequacy towards performance of Islamic banks in Indonesia. This study utilizes longitudinal study from 2010 to 2018 towards Islamic Commercial Banks and Sharia Business Units that are listed in Indonesia. Using pool-time series data, the variables studied are inflation, capital adequacy ratio (CAR), profit-loss sharing loan, and return on assets (ROA). The result shows that only inflation has no significant effect on performance. Capital adequacy affects positively significant, while profit-loss sharing loan affects negatively significant. This study add new perspective on how macroeconomic variable influence Islamic banks’ performance in Indonesia. Additionally, this study is also distinctive because of lengthier observation period (eight years) compared to other studies in recent five years
The analysis of relationship between experiential marketing, service quality, visitors’ satisfaction, and revisit intention: study on tourism industry Adinda Sekar Ramdhani; Sri Rahayu Tri Astuti
Diponegoro International Journal of Business Vol 2, No 2 (2019)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (714.958 KB) | DOI: 10.14710/dijb.2.2.2019.107-111

Abstract

This study aims to analyze the impact of experiential marketing and service quality on revisit intention which visitors’ satisfaction as mediating variable.  The sample of our study was the 135 visitors’ of Grand Puri Maerokoco, one of the tourism sites in Semarang, Central Java, Indonesia. The result of SEM analysis on those data shows that experiential marketing and service quality have indirect, positive, and significant effect on revisit intention, using visitors’ satisfaction as intervening variable. However, experiential marketing and service quality are not significantly affected revisit intention. Discussions and implications of this study are presented.
Relationship between emotional labor, work stress, employee creativity, and turnover intention: study on Indonesian bank frontliners Devi Intan Satyaningrum; Indi Djastuti
Diponegoro International Journal of Business Vol 3, No 1 (2020)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.3.1.2020.1-16

Abstract

This study examines the effects of emotional labor on work stress, employee creativity and turnover intention, and examines the role of work stress as a mediator. The study was conducted in a limited way to the 90 employees of the Semarang branch of the BTN bank frontliners. The analysis using SEM PLS suggested that emotional labor had a positive effect on work stress and turnover intention but was not significant on employee creativity. Furthermore, work stress has a negative effect on employee creativity and a positive effect on turnover intention, and in this study proves that work stress mediated the influence of emotional labor on employee creativity and on turnover intention.
The role of satisfaction as a mediating variable on the effects of novelty seeking and familiarity on tourist revisit intention Regina Priya Agustina; Yessy Artanti
Diponegoro International Journal of Business Vol 3, No 2 (2020)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.3.2.2020.88-96

Abstract

The development of tourism is important for people's lives because it is related to impact on economic, social, cultural and educational developments both nationally and internationally. Therefore, businessman in the tourism sector are expected to be able to maintain good relations with tourists who visit in order to have the revisit intention in the future. The purpose of this study was to analyze and discuss the novelty seeking and familiarity on revisit intention with satisfaction as mediating variable in the city of Surabaya. Data collection method is done by online questionnaire. The sampling technique of this study was nonprobability sampling with judgmental sampling method. Respondents used were 200 respondents who had visited artificial tourist destinations in the city of Surabaya in the last 2 years. Analysis of the data used is path analysis. The results showed that novelty seeking had no significant effect on revisit intention, while familiarity and satisfaction had a significant effect on revisit intention. Likewise, both novelty seeking and familiarity significantly influence satisfaction.