Articles
<![CDATA[Influence of learning and growth toward internal business processes: case studies on Departement of Hospital Pharmacy in DIY ]]>
<![CDATA[., Satibi]]>;
<![CDATA[Fudholi, Achmad]]>;
<![CDATA[Kusnanto, Hari]]>;
<![CDATA[., Jogiyanto]]>
<![CDATA[ Indonesian Journal of Pharmacy Vol 22 No 3, 2011 ]]>
Publisher : <![CDATA[Faculty of Pharmacy Universitas Gadjah Mada, Yogyakarta, Skip Utara, 55281, Indonesia ]]>
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DOI: 10.14499/indonesianjpharm0iss0pp238-250
<![CDATA[Hospital Pharmacy have revenue contribution to the Hospital reached 40-60%, thus becoming one of the hospital revenue center. However hospital pharmacy services in Indonesia are still many shortcomings, is considering several constraints such as the ability of pharmaceutical workers, the limited ability of hospital management, hospital management policies, and limited knowledge of the relevant parties of hospital pharmacy services. Such conditions must be efforts to change with the development of learning and growth factors, because these factors (human capital, organizational capital and information capital) and that effective management is a source of sustainable competitive advantage. The research objective is to determine the relationship and influence of learning and growth to the internal business processes in Hospital Pharmacy. Kind of research is non-experimental research is associative. Research tool includes a questionnaire indicators of learning andgrowth, and internal business processes. The subjects was the head of hospital pharmacy in the hospital region of Daerah Istimewa Yogyakarta (DIY). Sample size was 35 hospital. In addition to sending questionnaires, random interviews will be conducted on several hospital pharmacies to enrich the results of the survey questionnaire. The data was analyzed by correlation and linear regression to determine the relationship and influence the learning and growth factors to the internal business processes in hospital pharmacy. Results obtained from statistical calculations with 95% confidence show that there is a strong relationship between the organizational culture against internal business processes with r value of 0.981 with a contribution of 96.20% of theorganizational capital of the sustainability  of the internal business processes in Hospital pharmacy in Yogyakarta Special Region. There is not significant relationship between the human capital against internal business processes.  There is not significant relationship between the information capital against internal business processesKey words:learning and growth, internal business processes, the hospital pharmacy ]]>
<![CDATA[PENELITIAN TENTANG INFORMASI LABA DAN DIVIDEN KAS YANG DIBAWA OLEH PENGUMUMAN PEMECAHAN SAHAM ]]>
<![CDATA[WAHYU ANGGRAINI]]>;
<![CDATA[JOGIYANTO H.M.]]>
<![CDATA[ Jurnal Bisnis dan Akuntansi Vol 2 No 1 (2000): Jurnal Akuntansi dan Bisnis ]]>
Publisher : <![CDATA[Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti ]]>
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DOI: 10.34208/jba.v2i1.375
<![CDATA[Aktivitas pemecahan saham sering tidak dimengerti sepenuhnya karenatidak secara langsung mempengaruhi arus kas perusahaan tetapi hal inisering direaksi oleh pasar. Penelitian sebelumnya menunjukkan bahwaperusahaan yang memecah saham membawa informasi laba dan dividenkas. Penelitian ini menguji kembali apakah pemecahan saham membawainformasi laba dan dividen kas. Penelitian ini menggunakan 29 perusahaan yang melakukan pemecahan saham pada tahun 1996. Pengujian mengenai ada/tidaknya peningkatan laba sebelum dan setelah tahun pemecahan saham dilakukan melalui uji skor standar (z-score). Kemudian untuk melihat hubungan antara reaksi pasar pada saat pengumuman pemecahan saham dengan perubahan laba dilakukan melalui uji korelasi dan regresi, sedangkan untuk melihat ada/tidaknya pembayaran dividen kas dalam waktu dekat setelah pemecahan saham dilakukan dengan mengamati ada/tidaknya pembayaran dividen kas selama 2 tahun setelah tahun pemecahan saham. Hasil penelitian menunjukkan bahwa tidak ada peningkatan laba sebelum dan setelah tahun pemecahan saham. Namun pada tahun terjadinya pemecahan saham ditemukan pertumbuhan laba yang negatif dan pertumbuhan laba ini sangat signifikan. Penelitian ini menunjukkan pula bahwa tidak ada hubungan antara reaksi pasar pada saat pengumuman pemecahan saham dengan perubahan laba yang berarti reaksi pasar pada saat pengumuman pemecahan saham tidak disebabkan adanya informasi laba yang positif. Penelitian ini juga menemukan adanya pembayaran dividen kas dalam waktu dekat setelah pemecahan saham.]]>
<![CDATA[HUBUNGAN DINAMIS ANTARA INDEKS HARGA SAHAM DAN NILAI TUKAR DALAM MASA KRISIS EKONOMI DI INDONESIA ]]>
<![CDATA[FIRMAN PRIBADI]]>;
<![CDATA[JOGIYANTO HARTONO]]>
<![CDATA[ Jurnal Bisnis dan Akuntansi Vol 6 No 3 (2004): Jurnal Bisnis dan Akuntansi ]]>
Publisher : <![CDATA[Pusat Penelitian dan Pengabdian Masyarakat Sekolah Tinggi Ilmu Ekonomi Trisakti ]]>
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DOI: 10.34208/jba.v6i3.575
<![CDATA[This research uses econometric advanced and Error Correction Model (ECM) for testing inter temporal relation between stock price index and exchange rate with using daily data. ECM is used at two variables for estimating as simultaneous dynamic relation between both financial markets. The results of ECM estimation showing the existing two direction or relationship mutual influence between both financial markets. In the short time stock price aggregate has negative effect at exchange rate and exchage rate has positive effect and negative at aggregate to stock price. In the long term stock price has negative effect to exchange rate and exchange rate has positive effect at stock market. By this research can be concluded that at this crisis time rupiah exchange rate has influence more biger at stock price compare stock price index toward rupiah. This case can be see from the big of EC-term at both level.]]>
<![CDATA[Detecting the Existence of Herding Behavior in Intraday Data: Evidence from the Indonesia Stock Exchange ]]>
<![CDATA[Setiyono Setiyono]]>;
<![CDATA[Eduardus Tandelilin]]>;
<![CDATA[Jogiyanto Hartono]]>;
<![CDATA[Mamduh M. Hanafi]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 15, No 1 (2013): January - April ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5399
<![CDATA[This study attempts to investigate the issue of the existence of institutional herding in the stock market. The existence is detected in the intraday trade data from the Indonesia Stock Exchange (IDX) during up, down, and stable market condition over the period 2003-2005. By using the model of Lakonishok et al. (1992), it is found that the intensity of the existence of institutional herding at the IDX, on average, is 8.4 percent. Institutional investors do not seem to lead their transactions ina certain characteristic of stock. Most of them follow positive-feedback trading strategy while others follow negative-feedback trading strategy. This study also found that the existence of herd behavior at the IDX did not destabilize the market price in a subsequent period.]]>
<![CDATA[A MECHANISM AND DETERMINANTS OF AN AGENCY-COST EXPLANATION FOR DIVIDEND PAYMENTS ]]>
<![CDATA[Jogiyanto Hartono]]>;
<![CDATA[Dewi Ratnaningsih]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 5, No 2 (2003): May-August ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5404
<![CDATA[This study explains the dividend puzzle using the agency-cost frame work suggested by Easterbrook (1984). Easterbrook hypothesized that shareholders in firms, who increase cash dividend payout and ‘simultaneously' raise debts to finance their investments are likely to be wealthier than those in firms who only increase their cash dividend payout. He provided the mechanism that shareholders use the dividend payments to force managers to go to the capital markets to raise funds. Therefore, he argued that dividend policy influences the financing policy. A system of simultaneous equation using three-stage generalized least square method is used to test the hypotheses. Among the variables to proxy the investment opportunity set, market-to-book ratio, market-to-book assets ratio and accounting earnings-per-share-to-price ratio are the best proxies. Attempt is made to obtain better proxies for the investment opportunity set using an instrument variable method. The system is robust to alternate investment opportunity variables as well as to the instrumental variables. The findings are as follows. For the firms that increase cash dividend payout and raise debt simultaneously, (a) dividend policy is not a shareholders' mechanism, but a manager's accounting-based decision with accounting earnings and retained earnings as the major determinants, (b) dividend policy influences financing policy, but not the other way around, (c) increasing dividend payment decreases shareholders' wealth, but increasing debt subsequently increases shareholders' wealth with a net effect positive to shareholders' wealth, and (d) dividend policy is independent from investment policy.]]>
<![CDATA[Exploratory Study on Alignment Between IT and Business Strategies ]]>
<![CDATA[Wahyuni Reksoatmodjo]]>;
<![CDATA[Jogiyanto Hartono]]>;
<![CDATA[Achmad Djunaedi]]>;
<![CDATA[Hargo Utomo]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 14, No 2 (2012): May - August ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5441
<![CDATA[Interaction and linkages between business and information technology (IT) strategies remain a primary concern among executives. This study aims to gain an in depth understanding of how companies achieve alignment and the policy framework that underlies the efforts, particularly those that are associated with the most dominant factor that contributes to the establishment of strategic alignment, namely IT infrastructure flexibility. For that purpose, the study explored four companies engaged in the field of oil, electricity, and communication by adopting interpretive case study. Data were gathered using triangulation methods via field interviews, artifacts, document analysis, as well as direct observation. The textual data were elaborated by an intentional analysis in order to guide the study in exploring the phenomenon. The study identified elements that reflect IT infrastructure flexibilities namely connectivity, compatibility, modularity, IT staff knowledge and skills, and integration. Those elements cover both technical and behavioral dimensions of a company’s components that need to be included in the consideration during the planning phase]]>
<![CDATA[Accounting Fundamentals and the Variation of Stock Price: Factoring in the Investment Scalability ]]>
<![CDATA[Sumiyana Sumiyana]]>;
<![CDATA[Zaki Baridwan]]>;
<![CDATA[Slamet Sugiri]]>;
<![CDATA[Jogiyanto Hartono]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 12, No 2 (2010): May - August ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5508
<![CDATA[This study develops a new return model with respect to accounting fundamentals. The new return model is based on Chen and Zhang (2007). This study takes into account theinvestment scalability information. Specifically, this study splitsthe scale of firm’s operations into short-run and long-runinvestment scalabilities. We document that five accounting fun-damentals explain the variation of annual stock return. Thefactors, comprised book value, earnings yield, short-run andlong-run investment scalabilities, and growth opportunities, co associate positively with stock price. The remaining factor,which is the pure interest rate, is negatively related to annualstock return. This study finds that inducing short-run and long-run investment scalabilities into the model could improve the degree of association. In other words, they have value rel-evance. Finally, this study suggests that basic trading strategieswill improve if investors revert to the accounting fundamentals.Keywords: accounting fundamentals; book value; earnings yield; growth opportunities; shortrun and longrun investment scalabilities; trading strategy;value relevance]]>
<![CDATA[The Recency Effect of Accounting Information ]]>
<![CDATA[Jogiyanto Hartono]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 6, No 1 (2004): January-April ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5535
<![CDATA[THE RECENCY EFFECT OF ACCOUNTING INFORMATION ]]>
<![CDATA[Jogiyanto Hartono]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 6, No 1 (2004): January-April ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5536
<![CDATA[This study tests the joint effects of dividend and earnings information. A study of joint effects is justified for the following reasons. First, dividends and earnings are considered two of the most important signaling devices (Aharony and Swary 1980) that investors use in evaluating stock prices. Second, dividends and earnings are 'garbled' information (Ohlson 1989). Dividends and earnings may contain corroborating or disconfirming news. Third, investors may be have with memory, revising beliefs in complex ways in evaluating a sequence of information. Prior dividend studies that controlling for earnings announcement effects do not address these possibilities. Using Hogarth and Einhorn's (1992) belief-adjustment theory, this study models the behavior of investor reactions to joint dividend and earnings surprises. The theory predicts that order and timing of dividend and earnings surprises have different effects on stock returns. When dividend and earnings surprises have opposite signs (mixedevidence), the theory predicts that later surprises have a larger impact on stock returns than do earlier surprises (the recency effect hypothesis). The evidence for the recency effect hypotheses is relatively strong. In three out of four cases of mixed evidence (positive earnings, negative earnings and positive dividend surprises), the recency effect hypotheses are supported.]]>
<![CDATA[Strategic Alignment Impacts on Organizational Performance in Indonesian Banking IndustrY ]]>
<![CDATA[Nofie Iman]]>;
<![CDATA[Jogiyanto Hartono]]>
<![CDATA[ Gadjah Mada International Journal of Business Vol 9, No 2 (2007): May - August ]]>
Publisher : <![CDATA[Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada ]]>
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DOI: 10.22146/gamaijb.5598
<![CDATA[Strategic alignment has attracted the attention of researchers and practitioners for the last 15 years. This paper reports findings from a survey on the impacts of strategic alignment on organizational performance in the Indonesian banking industry. The survey was conducted through internet-based and postal questionnaires sent to selected companies.Structural Equation Modeling (SEM) is utilized to apprehend the strategic alignment concept as an emergent variable derived from the co-variation of level of business strategy and level of IS/IT strategy. Hence, we explore the role of this emergent concept as a determinant of organizational performance. Analysis of the data reveals a generally positive impact towards the organizational performance.]]>
