This research examined the effect of implementing corporate governance, e-business and innovation to competitive advantage, and assessed the implication to the companys financial performance. It was conducted among 67 companies in the financial industry listed on the Indonesian Stock Exchange. The research was conducted using a cross-sectional study with a questionnaire to obtain a response from top management, during the period of May to November 2016. Multivariate analysis was done to test the hypothesis, using Structural Equation Modelling based on variance or Partial Least Square (PLS). In the research, it was found that implementation of corporate governance had a negative impact on competitive advantage, but had a positive effect on financial performance. Application of E-Business had a positive impact on financial performance, while the application of innovation had a positive effect on competitive advantage and financial performance. This research also confirmed that competitive advantage had a positive impact on the companys financial performance.
Competition among banks in Indonesia, including the listed companies in the Indonesia Stock Exchanges, encourages every bank to develop its resources to anticipate the market challenge and win the competition. Those include the Banks with category IV. In many cases, the companies recruit the most talented person and continue to initiate training to improve the current resources capabilities and competencies. This research evaluated the impact of the recruitment of a higher level of education person, training costs, and investment of corporate assets, to the performance of the company. This research used secondary longitudinal data in the period between 2011 until 2015. The calculations of data and research model analysis used SPSS version 19 and WarpPLS software. This study concluded that training and asset development had a significant influence on company performance. Therefore, evaluation on training cost allocation to improve the competency and capacity of the company becomes one of the important indicators for the sustainability of the companys performance, especially with todays business disruption by information technology as a key challenge in the bank industry.
Competition, education, Indonesia Bank Type IV, RBT, resource development
This paper presents the new creation of batik Lasem versus commercialization critics from four critics from different fields. Using the design thinking process, the writer was finally able to create five new pattern designs involving five steps which were research, analysis, ideation, experimentation, and implementation. The town of Lasem and batik Lasem were chosen because the town held an important role, as the producer of a particular batik in Indonesia that was influenced by Chinese culture. Despite the rich and deep-rooted heritage this particular Batik is now dying along with the younger generation lack of interest in the creation or promotion of the Batik to preserve their culture. This research could be used as a base to create a new style derived from the existing motif that had been analyzed. By interviewing and analyzing four experts from different fields, the writer developed the new and fresh motif design that had both the culture and commercial value and could be accepted by the new millennial generation to achieve preservation batik tulis Lasem.
Critics, gen millennia, Lasem, new design motif, preserved batik
Batik Madura industry was developed in 1293 during the resign of Majapahit. Since its creation, it has significantly contributed to the development and growth of the regional economy with massive growth in the creative industry. It comprises cultural heritage, art, and economic values. Batik Madura is made up of unique colours which are inspired by the nature, culture, and environment of Madura. In recent years, most of the Small Medium Enterprises (SME) businesses carried out by Batik Madura merchants have been facing challenges on how to survive in the current globalization and digital era. Similarly, batik artisans (craftsmen) are decreasing drastically, leading to a decrease in productivity and cultural preservation. The purpose of this research work is to analyze the key factors affecting batik entrepreneurs, to analyze factors affecting their existence and to change their view on the use of social media platforms and information technology to support their businesses. Furthermore, this research work aims at analyzing the ways batik artisans could survive and increase their craftsmanship quality. Data were collected using the quantitative method of data collection which involves the use of questionnaires. The results of the analysis obtained show that the economic growth of Batik Madura is greatly influenced by family and relatives and not by skills.
Batik Artisan, Batik Madura, digital era, information technology, Small Medium Enterprise Industry (SME)
This research was aimed at analyzing the factors that influence consumers behaviour with regards to banking in Indonesia. This research work made use of panel data gotten from 31 banks listed in the Indonesian Stock Exchange for the period of 2007 - 2017. The analysis technique used was the fixed effect model. The result obtained showed that the variables of BI-Rate, exchange rate and inflation influenced the consumer behaviour variables (credit interest rate and deposit interest rate). Variables such as gross domestic products and liquidity significantly affect the deposit interest rate and the credit interest rate. The deposit value is significantly affected by the deposit interest rate, exchange rate and the gross domestic product while the credit outstanding value is significantly affected by the credit interest rate, liquidity and all macro and monetary economic variables in the models.
The success of a company is strongly influenced by employee performance as the human resources driving it. In carrying out their work, employees need the motivation to optimize performance. This study aimed to analyze employees motivation factors in a three-star hotel. The approach used in this study was the qualitative approach in reference to Maslows Hierarchy of Needs and Çetins Conceptual Model. Data collection was conducted by interviewing 22 hotel staff members. Interviews were conducted to determine the motivation factors that influenced the performance of the employees and the hotel. A model was designed based on the literature, linking factors of employee motivation with the employees and organizational performance. The results showed that employees were motivated by brand management, hotel vision, the owner, employee component, salary, teamwork, and promotion.
One of the realizations of the implementation of local autonomy is the authority to establish a local regulation. The establishment process should involve the community to provide inputs both in oral and written form in order to obtain an aspirational local regulation. However, in its implementation, the establishment of local regulation that ignores community participation is often found. This is contrary to the principle of democracy in the rule of law. This research used a normative legal method and analytical prescriptive approach. The theory employed to answer the research problems was the theory of democracy. Community participation in the establishment of local regulation is not fulfilled because of the communitys ignorance of the mechanisms and the forms to participate. As a result, the local regulation produced does not represent local peoples aspirations. A local regulation which is not aspirational is difficult to implement and is potential to be cancelled through a judicial review. The purpose of this study is to see the importance of community participation in making local regulations. Since one of the good ways of producing a Local Regulation is through the involvement of the community in the process.
Community participation, establishment regulation, local regulation
The purpose of this study was to measure the content and quality of sustainability report companies listed on Indonesia Stock Exchange (IDX) related to aspects of strategy, general analysis, and economic aspects in accordance with the principles of reporting set GRI-G4. This research used qualitative methods, the research data was obtained indirectly (secondary data) from the official website of the Global Reporting Initiative. Sampling in this research was done by using purposive sampling method so that there were 13 samples which had characteristic and representative conformity. The results of this study noted that the average existence of Indonesian companies in the sustainability report was very low. They generally used only 1 indicator in the aspect of strategy and company analyst (G4- 1) and 3 indicators on economic aspects (G4-EC1, G4-EC7, and G4-EC8). In addition, statistically descriptive of content test results and quality of sustainability report, especially on indicators of G4-1, G4-2, G4-EC1 to G4-EC9 had low rates as well.
The purpose of this research was to analyse Jakartas city branding by profiling the groups of international tourists based on their travel behaviour and socio-demographic profile. This small-scale study surveyed 100 foreign tourists who visited Jakarta and stayed at least one night during the previous 12 months. The research employed cluster analysis to group foreign tourists with similar characteristics and preferences. Using a city branding hexagon as measurement variables, the results suggested there were three groups of foreign tourists with different characteristics and preferences during their visits in Jakarta. These are named On Duty Traveler, Deja Vu Traveler and New Face Traveler. The On Duty Traveler segment is the most dominant type of traveller, visiting Jakarta for working purposes and comprising travellers from the Asia-Pacific region. Understanding the differences between these three market segments and their demands provide the government with important information to inform Jakartas City Branding and the creation of distinct marketing programs to appeal to each segment.
City branding, city branding hexagon, cluster analysis, segmentation
The aim of this paper is to examine the relationship between self-confidence, hope, optimism, and resilience as managerial efforts in building organization behaviour in Indonesias entrepreneurs. Major research questions pursued are what is the influence of managerial effects in building organizational behaviour? What is the most significant variable in building organizational behaviour in Indonesias entrepreneurs? The research was conducted from a sample of 148 entrepreneurs in Indonesia. The result of this research verified managerial efforts had a negative influence on building organizational behaviour of Indonesias entrepreneurs, and self-confidence was the most significant variable in building the organizational behaviour of Indonesias entrepreneurs.
Jababeka is a brand of an industrial area located in Cikarang, Bekasi Regency, West Java Province, Indonesia. The purpose of this study was to find how were the CSR programs of the tenants of Jababeka could enhance the economic potential of indigenous peoples. The methodology used descriptive qualitative research. Data collection technique used were interviews, literature, and observations. The results showed that Jababeka used CSR as continuous improvements in succession planning to support company performance excellent. Jababeka CSR program such as Economic, Fellowship, and Environmental. Economic pillar relates to improving the quality of human resources through entrepreneurship training and micro-finance, as well as community empowerment and economic improvement through the provision of assistance in the form of revolving capital, farm or business equipment, including mentoring. This research concluded that CSR Program of tenants could enhance the economic potential of indigenous peoples through Jababeka CSR program especially in training of entrepreneurship and be mentoring in business. The selection of the program was based on the type of products owned by tenant and the practical way of economic empowerment of local communities such as opening a beauty salon of LOreal products.
The objective of this study was to examine the client share prices to news of the Public Company Accounting Oversight Board (PCAOB) censure on Ernst & Young Indonesia (EY-Indonesia) – the first against a Big Four auditor in Indonesia. Using an event study analysis, we found some evidence that EY-Indonesia clients had a significantly positive market reaction compared to the none EY-Indonesia clients in regard to the news of the PCAOB sanction. The results indicate that the remedial effects of EYs actions taken after the sanction outweigh the negative effects. The results of this study are robust if compared to the abnormal returns for EY-Indonesia clients versus other Big 4 clients. This study is important to highlight the positive effects of the PCAOB sanction and monitoring to improve the audit quality in a developing market.
Mandai is cempedak (Artocarpus champeden) peel that has been through the process of fermentation in brine for 3 hours to 1 month. People in South Kalimantan usually serve mandai as a side dish, but on this occasion, mandai will be used as a material to make dodol, chewy, sweet, and thick cake which usually made from glutinous rice flour, coconut milk, and palm sugar. This study aims to determine public acceptance of dodol mandai through the distribution of product samples and the distribution of questionnaires regarding its aroma, colour, texture and taste. This research used a descriptive analysis method that is divided into statistical descriptive analysis and frequency analysis. The result shows that the public accepts processed products made from mandai. The products are different from the others and are innovation products based on local wisdom and thus, they add traditional culinary repertoire. The result is as predicted, that mandai can be processed into dodol.
@_TNIAU is a Twitter account managed by DISPENAU (Indonesian Air Force Public Relations). The account gains popularity among citizens because of the approach they used, such as humour and using conversational tone on each tweet, which is not common for government agencies, especially the military. The purpose of this research is to explore how government agency uses a new platform to increase engagement to the public and to generate some conceptual communication strategies used by TNI AU. This article used a qualitative methodology. Data was collected using virtual observation, interviews with representatives from the Public Relations of TNI AU and Twitter Indonesia. The result shows these strategies include fact-finding, using a conversational tone, emoticon power, stay up to date with the current situation, promote credibility via activation, and timely distribution. The conversational tone will also improve interactivity especially on Twitter. The result suggests that government agencies should use social media to increase the quality of public communication.
Interactive communication, public communication, TNI AU, twitter
Internet of Things (IoT) has been considered as an alternative solution to the problem of energy efficiency in the tourism industry. IoT can be applied in supporting an environmentally friendly tourism industry. This study aims to see the possibilities of implementing IoT in the tourism SMEs (small-medium enterprises) by designing a simple prototype of a light controlling device as a solution to reduce energy consumption in the tourism-related industry. The prototype was designed by collaborating IoT, mobile devices and sensors in an electronic device (microcontroller Atmega 328P-PU) for lighting control. Furthermore, the switching device can be operated using an Android-based smartphone. The black box test examining the functionality of an application without peering into its internal structures or workings was carried out in the system, both server and client. The test results indicate that the device is functional, and wider use of IoT in the tourism industry in Indonesia is possible with a breakthrough in exploring the use of information technology.
Atmega 328P microcontroller, Internet of Things (IoT), lights controlling
Consumers are the target of all marketing activities; thus, it is important for marketers to understand consumer behaviours and perceptions. These considerations relate to a consumers desire to purchase a product. The purpose of this study is to know the perception from the consumer profile, in this case, the socioeconomic characteristics of respondents toward a popular energy drink brand from Sido Muncul, i.e., Kuku Bima Ener-G, and to identify the impact of all variables, i.e., perceived value, attitude, and trust, toward purchase intention of that product as well. The research methods used are descriptive analysis and multiple regression. Using the nonprobability sampling technique to gather 181 respondents, the results obtained the three dominant factors from each variable and a description of the dominant characteristics from respondents; thus, we found a significant influence among all independent variables on purchasing decisions of energy drinks products.
Consumer behaviour, consumer profile, energy drink, purchase intention
This paper aims to develop a model of training for one parking insurance company. This company was chosen as our object since they struggled with the human resources they employed. Training concept is used as a primary theoretical framework. This research used qualitative methods, through focus group discussion to collect data, using qualitative data analysis to interpret information. Based on the results of this research, the parking insurance company should develop training by implementing the original concepts of the training development phase, where the company must go through four stages of training development, which are assessment, design, implementation, and evaluation to develop a training program.
This study seeks to examine the determinants of dividend policies of manufacturing companies in Indonesia. The data for this study were drawn from a balanced sample of 111 public manufacturing firms listed in the Indonesia Stock Exchange between 2009 and 2013. A Tobit regression analysis with cluster-robust standard errors was then employed to find the effects of firm size, profitability, sales growth, financial leverage, and inter-period on the magnitude of dividend yield. This study finds that firm size, profitability, and sales growth positively influence the magnitude of dividends paid relative to stock prices received by shareholders. On the other hand, it also finds that financial leverage negatively affects dividends. Another result suggests the levels of dividends vary across time.
Dividend policies, Indonesia Stock Exchange, manufacturing firms, Tobit regression
This study aims to analyze the factors affecting the quality of accounting profit which include management ownership, IFRS convergence, and debt covenant. The sample taken was from manufacturing companies listed on the Indonesia Stock Exchange that published audited financial report in the year of 2011-2014. The final data used in this study was as many as 401 data. With multiple linear regression analysis techniques, t-test and F test conducted for hypothesis testing. The conclusion obtained from this research shows that managerial ownership has no significant influence on earnings quality, IFRS convergence has no significant influence on earnings quality, and debt covenant has significant influence on earnings quality.
The main purpose of this study is to prove whether inflation, the interest rate of Bank Indonesia Certificates (SBI) and economic growth affect the exchange rate of IDR against USD in Indonesia from 2000 to 2016 in both partial and simultaneous inflation. The hypothesis of this study is that there is a connection among the inflation, the SBI rate and the economic growth to the exchange rate of IDR against USD in both simultaneously and partially inflation. In order to prove this theory, this study used secondary data from Bank Indonesia (BI) and the Central Bureau of Statistics (BPS) websites. In addition, this study used multiple linear regression as a method of analysis, which had been tested by classical assumption test, coefficient of determination test (R squared), F-test and T-test using SPSS program version 22. The reason for applying this method of analysis is because the capability of multiple linear regression to detect Kurs value in both simultaneous and partial inflation, which is not viewed on a simple linear regression method. The result showed that in simultaneous inflation, SBI interest rate and economic growth did not affect the exchange rate of IDR against USD. In partial inflation, inflation and SBI interest rate did not affect the IDR exchange rate towards USD. Yet, economic growth affected the exchange rate of IDR against USD.
Economic growth and exchange rate, Inflation, interest rate of SBI
This research made use of 33 samples obtained from various banking industries listed in the Indonesia Stock Exchange (IDX) between 2012 and 2016. The data used in this study was secondary data in the form of annual financial statements and stock prices. Data Envelopment Analysis (DEA) and a quantitative approach were used to calculate the various banking efficiency levels. Multiple linear regression analysis was also used to examine the relationship between the dependent and independent variables. Based on the hypothesis testing results, banking efficiency partially did not influence stock return, however, earnings per share and the price-earnings ratio were shown to have a partial positive influence on stock return. The results of the hypothesis testing simultaneously showed that banking efficiency, earnings per share, and price-earnings ratio influenced stock return.
Banking efficiency, data envelopment analysis, earnings per share, price-earnings ratio, stock return
This research aims to examine the relationship between voluntary disclosure level and firm valuation as seen from the share price. This study observed non-finance Kompas100 listed firms from 2011 to 2015. Using a set of sampling criteria, a final sample size of 56 firms was determined. The voluntary disclosure level was measured by a modified Botosan index. A content analysis of sample annual reports was undertaken to determine the voluntary disclosure index of the firms under study. The firm valuation was proxied by the firms share prices. Pooled OLS regression analyses were employed to analyse the data. The result showed that the firms aggregate voluntary disclosure index (VDI) was valued positively in the market. Consistent results had been generated even after controlling for the firms size and leverage. Further analysis of individual voluntary disclosure showed that three of seven voluntary disclosure categories were found to be the main value-driven categories, namely, key non-finance statistics, R&D activities and value-added disclosures.
Firm valuation, IDX, Kompas100, voluntary disclosure, voluntary disclosure score index
The development of technology has made it easier for the traveller to book hotel rooms by the website. The number of online websites that provide services for the hospitality industry is on the rise. Previous studies have focused more on luxury hotels and there is a lack of study to show the perception of guests regarding budget hotels websites. Therefore, the objective of this study is to analyze the connection between a website quality (usability and ease of use) towards online booking with the e-Trust variable on ZEN Rooms. Data were collected through self-administered questionnaires that were distributed using social media and mobile chatting application. The collected data was analyzed with the Multiple Linear Regression method and some descriptive analysis. The findings of the research state that the ease of use variable has a significant impact on online booking intention, same as the e-Trust variable. The result also showed e-Trust could highly be explained by the ease of use of the website and also the usability of a website. Result also depicted there was no significant difference between genders in terms of e-Trust in using websites. A major contribution of this study is its implications for practitioners in the hospitality industry for developing marketing strategies.
Budget hotel, e-Trust, online booking, website quality, ZEN Rooms
The existence of manpower is an important part of the production process in state-owned enterprises (SOEs). The involvement of the workforce as the companys leading guard has placed a strike as its basic right to convey any wishes and demands. A strike by labourers/ workers is a very detrimental action to the company because it will disturb the production and will eventually impact the peoples economy nationally. This research used a normative legal method. The results indicate that the right to strike must meet the provisions of Law Number 13 of 2003 on Manpower (Labor Law). This is further described in the decree of the Minister of Manpower and Transmigration Number 232/MEN/2003 on Legal Effects of Unlawful Strikes (Kepmen 232). In conclusion, both Labor law and Kepmen 232 have sufficiently provided an opportunity for entrepreneurs to anticipate the situation before the strike because it should be notified seven days earlier. Such notification gives the entrepreneurs enough time to prepare a contingency plan so that the production process will not be disturbed.
Productivity, right to strike, state-owned enterprises
This research aims to examine the relationship between perceived trainer attributes and design thinking corporate training effectiveness by analysing the data of 257 participants from a series of corporate training sessions in Indonesia. The research utilized the Ordinary Least Squares (OLS) regression model and relative importance analysis to achieve the objective. This research discovered that perceived trainer personality, perceived trainer knowledge, and perceived trainer participant engagement skills played important roles in design thinking training effectiveness - measured from trainees perceptions of knowledge improvement, knowledge depth, and knowledge expectations. The relative importance analysis further showed that perceived trainer personality was ranked as the most important factor towards participants perceptions of knowledge improvement; the research also found that perceived trainer engagement skills were seen as the most important factor in deep learning and satisfaction. The theoretical contributions and limitations are also discussed in the paper.
Corporate training, design thinking, Indonesia, trainers attributes, training effectiveness
Digital marketing harnesses the interactions of individuals through the Internet. Its growing popularity among politicians has potentially important implications for a wide range of digital political marketing activities, such as social media building, constituents engagement, website development, and digital advertising. This paper explores Trump presidential campaign in 2016 for understanding the digital political marketing implementations and challenges. Four different social media platforms and a website were explored, discussed and compared. The results of the exploratory study were presented based on the digital media used within the 20 months Trump presidential campaign to offer an overview of the relevant evidence in the digital political marketing mechanism. It discusses how this previous work is being extended and combined with insights from detailed data on Trump digital media usage in order to determine which digital marketing strategies are being used in the Trump presidential campaign and how these strategies relate to constituent engagement. Finally, it identifies opportunities that this new area presents for digital political marketing research.
Digital marketing, digital political marketing, political campaign, social media
Confucius values have been being part of the Chinese culture from generation to generation and become values of relationship and business, including in leadership. Chinese overseas have strong emotional ties with the State of China as their country of origin. In Indonesia, Chinese overseas are called Tionghoa ethnic. They have been living in Indonesia for many generations and believed that they came to Indonesia long before the century. This research was to examine Chinese ethnic perspectives on Confucius values of their leadership in West Java Chinese organization (Fuqing association). This research was conducted at Fuqing association in West Java covering four cities namely Bandung, Bogor, Cianjur, and Sukabumi. The questionnaire was distributed to 121 active members of the Fuqing association. The questionnaire consisted of 31 questions that represent Confucius values. This study used confirmatory factor analysis to test the research model using Smart Partial Least Square version 3.0 (Smart PLS 3.0). The results of this research showed that Confucius values were still practised in Chinese leadership in West Java. Generally, Confucius values in Chinese ethnic leadership are still similar to confusion leadership variables, but the significant variable in Chinese leadership is different. In West Java, the important variables are moral character and lifelong learning.
Chinese ethnic perspective, Chinese leadership, Confucius values, leadership
The number of banks in Indonesia is increasing as the Indonesian market competes for more in the global economy. Competitive pressure requires the bank to improve its performance. Banking health refers to the state of the bank and its organisational model. This research explored Indonesian banking behaviour based on a sample of 78 banks from which panel data were collected from 2008 to 2017. The panel data regression analysis showed that Indonesian banking behaviour was determined by the intensity of sales (SELL). This is influenced by the number of bank branches or the ability of the bank to reach consumers in Indonesia (SHARE). The coefficient value of 2.16 indicates the positive relationship between SHARE and SELL. The ability to approach consumers all over Indonesia is not only determined by the number of bank branches but also how banks can direct their technology spendings such as interactive websites, applications and electronic banking systems to secure and increase its customer base.
Banking behaviour, digital era, the intensity of sales