cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Gadjah Mada International Journal of Business
Published by Universitas Gadjah Mada
ISSN : 14111128     EISSN : 23387238     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Gadjah Mada International Journal of Business (GamaIJB) is a peer-reviewed journal published three times a year (January-April, May-August, and September-December) by Master of Management Program, Faculty of Economics and Business, Universitas Gadjah Mada. GamaIJB is intended to be the journal for publishing articles reporting the results of research on business, especially in the context of emerging economies. The GamaIJB invites manuscripts in the various topics include, but not limited to, functional areas of management, accounting, international business, entrepreneurship, business economics, risk management, knowledge management, information systems, ethics, and sustainability.
Arjuna Subject : -
Articles 582 Documents
 2   3   4   5   6 
The Effects of Shopping Orientations, Consumer Innovativeness, Purchase Experience, and Gender on Intention to Shop for Fashion Products Online Nirmala, Ratih Puspa; Dewi, Ike Janita
Gadjah Mada International Journal of Business Vol 13, No 1 (2011): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (249.107 KB)

Abstract

Nowadays, many fashion retailers or marketers use the power of internet to promote and sell their products. This research examines the effects of consumers’ shopping orientations (brand/fashion consciousness, shopping enjoyment, price consciousness, convenience/time consciousness, shopping confidence, in-home shopping tendency), consumer innovativeness, online purchase experience for fashion products, and gender on consumers’ intention to shop for fashion products online. Data were collected through online surveys from the population of internet users in Indonesia, aged between 15 and 30 years old (generation Y), who had bought or browsed fashion products through the internet (N=210). This research is a quantitative research which uses purposive sampling and multiple regression analysis. Results show that the effects of several shopping orientations (shopping enjoyment, price consciousness, in-home shopping tendency), consumer innovativeness, online purchase experience for fashion products, and gender, are significant on consumers’ intention to shop for fashion products online. Furthermore, gender is marginally significant related to consumers’ intention to shop for fashion products online. Surprisingly, women tend to have lower intentions to shop for fashion products online compared to men.     
THE PREDICTIVE CONTENT OF DISAGGREGATED NORMAL INCOME: An Empirical Study in the JSX Sugiri, Slamet
Gadjah Mada International Journal of Business Vol 5, No 3 (2003): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1071.212 KB)

Abstract

The main objective of this study is to examine a hypothesis that the predictive content of normal income disaggregated into operating income and nonoperating income outperforms that of aggregated normal income in predicting future cash flow. To test the hypothesis, linear regression models are developed. The model parameters are estimated based on fifty-five manufacturing firms listed in the Jakarta Stock Exchange (JSX) up to the end of 1997.This study finds that empirical evidence supports the hypothesis. This evidence supports arguments that, in reporting income from continuing operations, multiple-step approach is preferred to single-step one.
The Development of Small and Medium Entreprises Clusters in Indonesia Tambunan, Tulus; Supratikno, Hendrawan
Gadjah Mada International Journal of Business Vol 6, No 1 (2004): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1872.747 KB)

Abstract

Small and Medium Enterprises (SMEs) in Indonesia are very important not only for employment creation, but also as important sources of economic growth and foreign currencies generation through exports. Since the early 1980s, the Indonesian government has adopted SME development policy through a clustering approach. This paper reviews the existing empirical studies on development of SME clusters in Indonesia. This paper deals with two main questions. First, what are the critical success factors of development of an SME cluster. Second to what extent this policy has contributed to the dynamic of SME clusters in the country. The paper argues that in many cases, the development policy has not been so successful. In essence, most failures can be attributed to the fact that one or more critical factors for successful SME cluster development were either not existing or not addressed correctly. Neglecting cluster linkage to markets is one reason of the failure. Prerequisite for successful cluster development is the clusters potential to access to growing market, either domestic or abroad.
DOES SIZE MATTER?: Technical Efficiency and Industry Size in Indonesia Richard V. Llewelyn, Richard V.; Sutrisno, Wang
Gadjah Mada International Journal of Business Vol 4, No 3 (2002): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (53.502 KB)

Abstract

The debate over which size industry is best suited for Indonesiacontinues with proponents of both large and small sizes pointing out the benefits of each. However, little empirical analysis has been done regarding economic matters such as technical efficiency. Nonparametric analysis of technical efficiency for three sizes of firms in seven manufacturing sectors is estimated using linear programming techniques. Aggregated input and output data from BPS from 1991 to 1997 are used.Household size firms are found to be most efficient relative to the other sizes for five of the seven sectors analyzed. Large firms are relatively more efficient in ‘Food, Beverage, and Tobacco’ sector. Small companies are relatively less efficient than household firms in all but one case, but relatively more efficient than large firms in five of seven sectors. The results validate and perhaps explain the duel economy in Indonesia with both large and small firms existing in the same industry.When each sector is analyzed for each firm size, the ‘Non-MetallicMineral Products Other Than Petroleum and Coal’ sector is most efficient for all sizes of firms. The least efficient sector is the ‘Chemical and Plastics’ industry.The results suggest that government policy should be focused oncreating a stable environment for business, which promotes growth of efficient businesses, either large or small. Specific policies and intervention for small business development are not necessary, given the relative efficiency of small firms in Indonesia.
Do Income Smoothing Practices Explain the Lower Earnings-Price Ratio of Japanese Firms Compared to Those of the U.S. Firms? Kusuma, Indra Wijaya
Gadjah Mada International Journal of Business Vol 7, No 1 (2005): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (287.918 KB)

Abstract

This study examines the variation in earnings-price ratios across Japanese and U.S. firms. The earnings-price ratio is one of the indicators often used by investors to determine their trading strategy. Previous literature document that Japanese firms have consistently lower earnings-price ratios than U.S. firms even though the earnings of Japanese firms have been adjusted to the U.S. GAAP. The objective of this study is to show that Japanese firms engage in income smoothing practices that stabilize earnings, thereby increasing Japanese investors’ willingness to pay higher prices for Japanese stocks. Comparing the income smoothing index and proportion of firms identified as smoothers shows that the intensity of Japanese firms practicing income-smoothing is greater than that of U.S. firms. The results also show that income-smoothing index is significant in explaining the cross-sectional variation of earnings-price ratios for Japanese firms but it is not significant for U.S. firms.  Two potential explanations for the results of U.S. firms are as follows.  First, income smoothing is not practiced widely across firms in the U.S.  Therefore, the variation of income smoothing does not explain the variation in the cross-sectional earnings-price ratios.  Second, even if U.S. firms practice income smoothing, the investors are aware of it and do not take earnings figures literally.Another results show that controlling for income smoothing does not eliminate the differences in the earnings-price ratios of the Japanese and U.S. firms. It is appropriate to conclude that although income smoothing plays a role in explaining the variations of earnings-price ratios across Japanese firms, it is not the only factor that contributes to the differences in the earnings-price ratios of Japanese and U.S. firms.  Other factors may play a role which are either country-specific (such as inflationary expectations, tax regimes) or firm-specific (such as quality of earnings, real returns) as suggested by Brown (1989). The overall results are consistent across samples.
The Behavior of Indonesian Stock Market: Structural Breaks and Nonlinearity Setianto, Rahmat Heru; Abdul Manap, Turkhan Ali
Gadjah Mada International Journal of Business Vol 13, No 3 (2011): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (339.188 KB)

Abstract

This study empirically examines the behaviour of Indonesian stock market under the efficient market hypothesis framework by emphasizing on the random walk behaviour and nonlinearity over the period of April 1983 - December 2010. In the first step, the standard linear unit root test, namely the augmented Dickey-Fuller (ADF) test, Phillip-Perron (PP) test and Kwiatkowski-Philllips-Schmidt-Shin (KPSS) test identify the random walk behaviour in the indices. In order to take account the possible breaks in the index series Zivot and Adrews (1992) one break and Lumsdaine and Papell (1997) two breaks unit root test are employed to observe whether the presence of breaks in the data series will prevent the stocks from randomly pricing or vice versa. In the third step, we employ Harvey et al. (2008) test to examine the presence of nonlinear behaviour in Indonesian stock indices. The evidence of nonlinear behaviour in the indices, motivate us to use nonlinear unit root test procedure recently developed by Kapetanios et al. (2003) and Kruse (2010). In general, the results from standard linear unit root test, Zivot and Adrews (ZA) test and Lumsdaine and Papell (LP) test provide evidence that Jakarta Composite Index characterized by a unit root. In addition, structural breaks identified by ZA and LP test are corresponded to the events of financial market liberalization and financial crisis. The nonlinear unit root test procedure fail to rejects the null hypothesis of unit root for all indices, suggesting that Jakarta Composite Index characterized by random walk process supporting the theory of efficient market hypothesis.     
Investment Horizon to Investment Decision and Mean Reversion: Indonesian Perspective Junarsin, Eddy; Tandelilin, Eduardus
Gadjah Mada International Journal of Business Vol 10, No 1 (2008): January - April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (145.599 KB)

Abstract

This study has two research objectives: (1) to find evidence whether investment decisions (allocation of funds in each asset in a portfolio) of Indonesian investors in the short investment horizon diverge with their investment decisions in the long investment horizon, and (2) to examine the belief of Indonesian investors in the mean reversion. This study analyzes the investment horizon from a behavioral point of view by examining the influence of investment horizon on investment decision and mean reversion in Indonesia. We employed the students of Master of Science, Master of Management, and Doctorate Programs at the Faculty of Economics and Business, Universitas Gadjah Mada, Indonesia as the sample in this research. Of the 217 questionnaires delivered, 172 questionnaires were completely filled and utilized in this study.The main findings of this study are as follows: (1) it is significantly proved that Indonesian investors are inclined to assume higher portfolio risk in the longer investment horizon than that in the shorter investment horizon; (2) it is very interesting to see that on average, the investors are inclined to increase their allocation in the risk-free asset in the longer investment horizon although the difference between the risk-free asset holding in the short investment horizon and that in the long investment horizon is not significant; (3) the framing effect significantly influences the investment decisions, both in short investment horizon and in long investment horizon; (4) there is a tendency for the respondents to show a willingness to assume higher portfolio risk when they received the questionnaires that provided the historical five-year returns on the first page; (5) investors predict an asset gaining 50 percent in the first year to continuously gain in the next four years while expecting an asset losing 25 percent in the first year to continuously loss in the next four years.
An Investigation on the Audit Committees Effectiveness: The Case for GLCs in Malaysia Jamil, Nurul Nazlia; Nelson, Sherliza Puat
Gadjah Mada International Journal of Business Vol 13, No 3 (2011): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (222.611 KB)

Abstract

Financial reporting quality has been under scrutiny especially after the collapse of major companies. The main objective of this study is to investigate the audit committee’s effectiveness on the financial reporting quality among the Malaysian GLCs following the transformation program. In particular, the study examined the impact of audit committee characteristics (independence, size, frequency of meeting and financial expertise) on earnings management in periods prior to and following the transformation program (2003-2009). As of 31 December 2010, there were 33 public-listed companies categorized as Government-Linked Companies (GLC Transformation Policy, 2010) and there were 20 firms that have complete data that resulted in the total number of firm-year observations to 120 for six years (years 2003-2009).  Results show that the magnitude of earnings management as proxy of financial reporting quality is influenced by the audit committee independence. Agency theory was applied to explain audit committee, as a monitoring mechanism as well as reducing agency costs via gaining competitive advantage in knowledge, skills, and expertise towards financial reporting quality. The study is important as it provides additional knowledge about the impact of audit committees effectiveness on reducing the earnings management, and assist practitioners, policymakers and regulators such as Malaysian Institute of Accountants, Securities Commission and government to determine ways to enhance audit committees effectiveness and improve the financial reporting of GLCs, as well as improving the quality of the accounting profession.     
INTERDEPENDENT ANALYSIS OF LEVERAGE, DIVIDEND, AND MANAGERIAL OWNERSHIP POLICIES: Agencies Perspectives Hardjopranoto, Wibisono
Gadjah Mada International Journal of Business Vol 8, No 2 (2006): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (239.825 KB)

Abstract

This paper attempts to investigate interdependent mechanism among leverage, dividend, and managerial ownership policies. This paper considers firm size and economic conditions to control their effect on the relationship among the three policies. The interrelationship between leverage, dividend, and managerial ownership policies will be tested using two-stage least squares. Five exogenous variables are employed in simultaneous equation: current assets and structure of assets as leverage determinants, book to market and return on investment as dividend determinants, and relative return to risk as managerial ownership determinant. The research employs year 1994-2004 data, with 1717 firm years. The research findings can be summarised as follows. First, there is a negative relationship between managerial ownership and leverage policies as suggested by agency theory. Second, there is a relationship between managerial ownership and dividend policies, but the relationship between leverage and dividend is insignificant. Third, the relationship between leverage and dividend is insensitive to economic condition and firm size. Fourth, all exogenous variables have significant effect on endogenous variables, except relative return. Fifth, the effects of exogenous variables are not sensitive to control variables. Sixth, we find that managers show self-interest behaviours by reducing managerial ownership when the economic condition worsens.
The Pro-poor Policy of Microfinance in Indonesia Nugroho, Agus Eko
Gadjah Mada International Journal of Business Vol 11, No 3 (2009): September - December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (84.291 KB)

Abstract

This paper discusses and proposes the policy issues associated with the development of microfinance industry in Indonesia. Despite its capability of financing small-scale businesses, the development of the microfinance industry is far behind that of commercial banks. The policy focus on developing sound financial practices of microbanks has ignored the role of semi-formal and informal microfinance institutions (MFIs) in serving poor people. Compliance with the sound banking practices could inevitably drive microbanks away from serving the poor. Regarding the capability of informal and semi-formal MFIs of outreaching the poor, the challenges to microfinance policy in Indonesia is to develop inclusive financial systems through which the progress of microbanks goes in a parallel direction with the developments of semi-formal and informal MFIs, such as cooperatives and rotating saving and credit associations (ROSCAs).

Page 4 of 59 | Total Record : 582

 2   3   4   5   6 

Filter by Year

1999 2023


Reset
Filter By Issues
All Issue Vol 25, No 3 (2023): September-December Vol 25, No 2 (2023): May-August Vol 25, No 1 (2023): January-April Vol 24, No 3 (2022): September-December 2022 Vol 24, No 2 (2022): May - August 2022 Vol 24, No 1 (2022): January-April Vol 23, No 3 (2021): September-December Vol 23, No 2 (2021): May-August Vol 23, No 1 (2021): January-April Vol 22, No 3 (2020): September-December Vol 22, No 2 (2020): May-August Vol 22, No 1 (2020): January-April Vol 21, No 3 (2019): September-December Vol 21, No 2 (2019): May-August Vol 21, No 1 (2019): January-April Vol 20, No 3 (2018): September-December Vol 20, No 2 (2018): May-August Vol 20, No 1 (2018): January-April Vol 19, No 3 (2017): September-December Vol 19, No 2 (2017): May-August Vol 19, No 1 (2017): January- April Vol 18, No 3 (2016): September-December Vol 18, No 2 (2016): May-August Vol 18, No 1 (2016): January-April Vol 17, No 3 (2015): September-December Vol 17, No 3 (2015): September-December Vol 17, No 2 (2015): May-August Vol 17, No 1 (2015): January-April Vol 17, No 1 (2015): January-April Vol 16, No 3 (2014): September-December Vol 16, No 3 (2014): September-December Vol 16, No 2 (2014): May-August Vol 16, No 2 (2014): May-August Vol 16, No 1 (2014): January-April Vol 16, No 1 (2014): January-April Vol 15, No 3 (2013): September - December Vol 15, No 3 (2013): September - December Vol 15, No 2 (2013): May-August Vol 15, No 2 (2013): May-August Vol 15, No 1 (2013): January - April Vol 15, No 1 (2013): January - April Vol 14, No 3 (2012): September-December Vol 14, No 3 (2012): September-December Vol 14, No 2 (2012): May - August Vol 14, No 2 (2012): May - August Vol 14, No 1 (2012): January - April Vol 14, No 1 (2012): January - April Vol 13, No 3 (2011): September-December Vol 13, No 3 (2011): September-December Vol 13, No 2 (2011): May-August Vol 13, No 2 (2011): May-August Vol 13, No 1 (2011): January-April Vol 13, No 1 (2011): January-April Vol 12, No 3 (2010): September - December Vol 12, No 3 (2010): September - December Vol 12, No 2 (2010): May - August Vol 12, No 2 (2010): May - August Vol 12, No 1 (2010): January - April Vol 12, No 1 (2010): January - April Vol 11, No 3 (2009): September - December Vol 11, No 3 (2009): September - December Vol 11, No 2 (2009): May - August Vol 11, No 2 (2009): May - August Vol 11, No 1 (2009): January - April Vol 11, No 1 (2009): January - April Vol 10, No 3 (2008): September - December Vol 10, No 3 (2008): September - December Vol 10, No 2 (2008): May - August Vol 10, No 2 (2008): May - August Vol 10, No 1 (2008): January - April Vol 10, No 1 (2008): January - April Vol 9, No 3 (2007): September - December Vol 9, No 3 (2007): September - December Vol 9, No 2 (2007): May - August Vol 9, No 2 (2007): May - August Vol 9, No 1 (2007): January - April Vol 9, No 1 (2007): January - April Vol 8, No 3 (2006): September-December Vol 8, No 3 (2006): September-December Vol 8, No 2 (2006): May - August Vol 8, No 2 (2006): May - August Vol 8, No 1 (2006): January-April Vol 8, No 1 (2006): January-April Vol 7, No 3 (2005): September-December Vol 7, No 3 (2005): September-December Vol 7, No 2 (2005): May-August Vol 7, No 2 (2005): May-August Vol 7, No 1 (2005): January-April Vol 7, No 1 (2005): January-April Vol 6, No 3 (2004): September-December Vol 6, No 3 (2004): September-December Vol 6, No 2 (2004): May-August Vol 6, No 2 (2004): May-August Vol 6, No 1 (2004): January-April Vol 6, No 1 (2004): January-April Vol 5, No 3 (2003): September-December Vol 5, No 3 (2003): September-December Vol 5, No 2 (2003): May-August Vol 5, No 2 (2003): May-August Vol 5, No 1 (2003): January-April Vol 5, No 1 (2003): January-April Vol 4, No 3 (2002): September-December Vol 4, No 3 (2002): September-December Vol 4, No 2 (2002): May-August Vol 4, No 2 (2002): May-August Vol 4, No 1 (2002): January-April Vol 1, No 2 (1999): September More Issue