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INDONESIA
Indonesian Journal Of Business And Economics
Published by Universitas Kuningan
ISSN : -     EISSN : 26214466     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Indonesian Journal of Business and Economics (IJBE) is a peer-reviewed journal published by the Faculty of Economics, University of Kuningan, Indonesia. This journal is a biannual publication that serves as a platform for disseminating the development of knowledge through researches. It is also a forum for academicians all over the world to share and discuss ideas related to accounting, management, and economics. This journal which is published on June and December covers, but not limited to, accounting, financial management, human resources management, operational management, marketing management, strategic management, development economics, international economics, and Islamic economics.
Arjuna Subject : -
Articles 50 Documents
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INDUSTRIAL RELATIONS ENVIRONMENT IN NIGERIA: REVIEWING CONFLICT CAUSES AND TAXANOMIES AMONG PUBLIC SECTOR EMPLOYEES Muhammad, Sani; Maishanu, Malami Muhammad; Sabo, Abubakar
Indonesian Journal Of Business And Economics Vol 1, No 2 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The institutional and legal framework of bargaining that has been established in Nigeria can be seen as encapsulating the shape, rather than the substance, of meaningful industrial relations. As such it closely corresponds to the broader disagreement existing in other areas of social life between the constitutional, legal, and normative mores inherited from the colonial government and real behavior patterns. The main issues that divide wage earners, on the one hand, from employers and government, on the other, have an existence far alienated from the recognized system of industrial relations, while the unions, the employers, and the government continue to give formal adherence to the system. As a response to the need to resolve issues between employers and their workers speedily, the Industrial Arbitration Panel [IAP] was established in 1976. The Act which was established vested the Panel with jurisdiction to hear and determine trade disputes between workers and employers, including inter and intra Union disputes in both private and public sectors of Nigeria. The paper seeks to review the industrial relations environment in Nigeria. It emphasizes on how conflict and its taxonomies shapes the behavior of public sector employees. The paper equally concludes that the causes of conflict among public sector employees is greatly influenced by the inter-play of institutional, political and legal factors within the industrial relations environment.
The Relationship between Integrated Marketing Communication and Leadership Styles - In the Context of Malaysian Higher Education Siti Aishah Chu Abdulllah; Mohamad Md Yussoff; Hasrina Mustafa
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1356

Abstract

The purposes of this study are to assess the level of IMC implementation, to investigate the factors for developing and implementing a successful IMC plan, and to determine the interconnection between leadership styles and IMC in the selected Malaysian public and private higher learning institutions (HLIs) based on the perceptions of administrators and lecturers. Qualitative methods were employed, whereby IMC four-stage framework and seven dimensions of full range leadership theory served as the basis of this study. The results of this study show that a majority of the interviewees claimed that their institutions have reached stage 4 (strategic integration) of the IMC framework. Nevertheless, there were inconsistencies in the answers between the administrators and lecturers. The results also reveal that the important factors in developing and implementing a successful IMC plan in Malaysian HLIs are uniting functional operations by aligning the activities of the HLIs toward serving the customers, getting support from the top management of HLIs, studying their customers thoroughly, and utilising social networks to communicate with their current and prospective customers. Moreover, the leadership styles practised in the interviewees’ institutions expose that the dimension of intellectual stimulation was the most mentioned, followed by laissez-faire, inspirational motivation, and management-by-exception. The leaders of the selected Malaysian public HLIs showed a higher tendency of practising transformational leadership style compared to the leaders of the selected Malaysian private HLIs who showed the tendency of practising transactional leadership style. Thus, practising an appropriate leadership style is an important factor that influences the effectiveness of leaders in the Malaysian HLIs. Keywords: Integrated marketing communication; integrated marketing communication framework; leadership styles; full range leadership theory.
Determinants of Bid-Ask Spread in Indonesia: More Evidence from LQ45 Herma Wiharno; Dede Sri Rahayu
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1357

Abstract

The investors are one of the important components of the capital market. The investors are the person who invests money in the company. In the capital market, the investors are helped by a broker. The broker helps the investors in overcoming the mismatch between price and quantity that is not in line with expectations. When an investor wants to buy a stock, the broker will ask the asking price and if an investor wants to sell investor’s shares, the broker will provide the bid price. The difference between the bid price and the asking price is called bid-ask spread. Bid-ask spread is the compensation given to the market maker for the services provided. There are several factors that affect the bid-ask spreads that are trading volume, variance return, market value, and return on equity. This study aimed to provide empirical evidence of the effect of trading volume activity, variance return, market value, and return equity on companies listed in the LQ45 index period of 2013-2016. The sample in this research used purposive sampling. The analysis method for this research was multiple regression models. The results of this research showed that trading volume activity, variance return, market value, and return on equity simultaneously influence bid-ask spread. Partially, trading volume activity has negative insignificantly effect on bid-ask spread. The independence of the board of commissioners has negative insignificantly effect on bid-ask spread. Variance return, market value, return on equity, and have a positive significant effect on bid-ask spread.Keywords: trading volume activity, variance return, market value, return on equity, bid-ask spread
The Analysis of Ease of Use, Trust, and Website Quality towards Purchasing Decision in Lazada.co.id Dadang Suhardi; Nuryanti Taufik
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1358

Abstract

This research aims to find out the impact of ease of use, trust, website quality towards purchasing decision in online trading site “Lazada.co.id”. The quantitative research is conducted through the implementation of survey. The data collection techniques used in this study with a questionnaire method is distributed to respondents in Ciamis District who had transaction in Lazada.co.id. The number of the sample gained in this research is the population of Ciamis district with the coverage of 100 respondents. The sampling technique used is non-probability sampling with purposive sampling method. The analysis tool applied in this research is by the use of simple linear Regression and multiple linear regression with SPSS 23. The result of the research indicates that the ease of use, trust, and website quality influenced positive and significance towards purchasing decision partially and simultaneously. In this research, website quality gives stronger influence towards purchasing decision comparing with ease of use and trust.
Positioning Malaysia in Medical Tourism: Implication on Economic Growth in ASEAN Integration Au Yong Hui Nee
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1359

Abstract

With a rapid growth of medical tourism in the country, the Malaysian Government is under pressure to make the sector of benefit to the public healthcare services. Purpose: This paper attempts to deepen the understanding of the development of medical tourism on destination countries’ healthcare systems and the effect toward economy growth. Methodology: Mix methods were applied in the paper with data for the duration of 2000 – 2015 obtained from sources including Malaysia Health Tourism Council (MHTC) and World Bank Indicators. Analysis of the paper includes t-test of gross national products and medical tourism receipts. The paper also shares strategies needed for effective promotion of medical tourism in a medical tourism decision model. Findings: The result shows that ASEAN Economic Community is likely to bring in higher trade volumes in health services. This paper concludes that medical tourism plays an important role in economy by tripling medical tourism receipts to RM900 million in tandem with the economic growth. Limitations: The findings should be interpreted with caution. Practical implications: Upcoming opportunities are potential medical travellers from less advanced ASEAN countries. Social implications: Growth of medical tourism should not lead to ‘brain drain’. Originality: The study is one of its kinds as it highlights by the use of mix mode in analysing the sector’s economic contribution in a trans-boundary tourism context in a modified medical tourism model. Limitations: For the qualitative analysis of this paper on top of limited length of data for quantitative analysis, the findings should be interpreted with caution.Keywords: Decision Process, Economic Integration, Healthcare, Education Welfare, Health Tourism, Marketing Strategy, Medical Tourism
Corporate Governance to Prevent Financial Distress Evidence from Corporate Governance Perceptions Index of Indonesian Companies Teti Rahmawati; Yana Hendriyana
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1360

Abstract

This study aims to determine the influence of Good Corporate Governance (GCG), Company Size, Liquidity, and Rentability on Financial Distress of companies listed on Corporate Governance Perception Index (CGPI) partially and simultaneously.  The population of this research is companies listed on the Indonesian Stock Exchange (BEI) and Corporate Governance Perception ranks starting from 2013 to 2016. Based on the criteria above, 59 companies are selected. The sampling of this research is taken by using purposive sampling method from the population with a target of several considerations. The result shows that Good Corporate Governance does not significantly influence Financial Distress, Company Size negatively affects Financial Distress, Liquidity positively affects Financial Distress, and Rentability positively affects Financial Distress.  Good Corporate Governance, Company Size, Liquidity, and Rentability partially influence Financial Distress with coefficient determination is 92,25% while 2,75% is explained by other unobserved variables in outside the model.
Analysis on The Effect of Intellectual Capital on Growth and Financial Performance of Islamic Banking Jetmiko Jetmiko
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1361

Abstract

This research aims to analyze the influence of Intellectual Capital and Financial Performance using Partial Least Square Approach. The sample of this research is 19 Islamic Banks in Indonesia, Malaysia and GCC countries. Partial Least Square analysis model was employed to test the hypotheses. The result of this study shows that intellectual capital disclosure affects the Islamic banks’ financial performance in Indonesia and GCC countries but not those in Malaysia. As for the company’s growth, the disclosure of intellectual capital does not have effect on the company’s growth. The influence of the disclosure of intellectual capital on financial performance could mean that the company should give more attention to the quality of intellectual capital.
The Effect of Job Stress and Job Satisfaction on Organizational Commitment Lukmanul Hakim; Agi Syarif Hidayat
Indonesian Journal Of Business And Economics Vol 1, No 1 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i1.1363

Abstract

The purpose of this study is to determine the effect of job stress and job satisfaction on organizational commitment. The research method used is quantitative research method. Population in this research is employees of marketing department at PT. Toyamilindo Cirebon with 50 people. Sampling technique used is saturated sampling technique, so that all members of the population sampled as many as 50 people. Data retrieval technique uses questionnaire with likert scale as instrument measurement scale. Data analysis techniques used is multiple regression analysis. The results of the research show that: 1) job stress does not have significant effect to organizational commitment, 2) job satisfaction has significant effect to organizational commitment.Keywords : Job stress; job satisfaction; organizational commitment
Employee Turn Over Intention: The Roles of Supervisor Leadership Style, Perceived Supervisor Support and Motivation lieli suharti; candra setiawati
Indonesian Journal Of Business And Economics Vol 1, No 2 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i2.1410

Abstract

The supervisor leadership style and the perceived supervisor support toward motivation play an important role in improving employee motivation, the better motivation will also decrease turnover intention. The purpose of this research is to know the influence of supervisor leadership style, the perceived supervisor support toward motivation and its impact on turnover intention. The type this research was a quantitative research. The population of this research was the employees of production division of a Garment company in central Java  as many as 1057 employees. The samples were 197 respondents. The data were collected by distributing questionnaires. The analysis technique used was quantitative descriptive statistics by using multiple regression test and simple regression. The result of the research showed that the supervisor leadership style and the supervisor perception toward motivation had positive effect. Finally, motivation was found  negatively affecting turnover intention.
Dawet Ireng Development Model as Purworejo's Distinguished Local Product Agus Fitri Yanto; Danis Imam Bachtiar
Indonesian Journal Of Business And Economics Vol 1, No 2 (2018)
Publisher : Universitas Kuningan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25134/ijbe.v1i2.1463

Abstract

Ministry of Cooperatives and Small and Medium Enterprises data shows that in 2012, MSMEs absorb 97.16% of all workforce in Indonesia. Even UMKM's contribution to the value of Indonesia's Gross Domestic Product reached 59.08%. While MSMEs in Central Java Province, the biggest supporting sector is trade which in 2011 reached 28,362 units. With 40.38% of total SMEs in Central Java, MSMEs trade proved to provide great support for the dynamics of Central Java and nationally economy, including SMEs in Purworejo District. Purworejo has a variety of local products that have penetrated national and international markets such as VCO, mangosteen peel herbal products and coconut sugar powder. However, various potentials and superior products Purworejo it must be increasingly competing with various modern products. The success of some products Purworejo SMEs apparently can not be followed by other products that actually become icon Purworejo, such as clorot, lompong cake, and dawet ireng. When dawet ireng increasingly widely known in various regions, it is in Purworejo felt to be an ordinary product and far from a distinctive impression. The position of dawet ireng increasingly much different from more modern beverage products and the present. This is apparent from the more demanding of a similar kind of drinks. If this is left then dawet ireng increasingly shifted. Based on this matter, it is necessary to design dawet ireng development model as a unique local product of Purworejo so it is more competitive and really become the regional icon that can be equated with modern beverage products today.

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