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Journal : Jambura Science of Management

Do profitability ratio and market ratio contribute to explain the movement of stock prices of transport companies? Sitty Shandragies Usman; Idham Masri Ishak; Selvi Selvi
Jambura Science of Management Vol 2, No 2 (2020): Jambura Science of Management - July 2020
Publisher : Universitas Negeri Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (164.162 KB) | DOI: 10.37479/jsm.v2i2.4574

Abstract

This study aims to determine the effect of profitability ratios and market ratios on stock prices on transportation companies listed on the Indonesia Stock Exchange with the study period of 2013-2017. Profitability ratios used in this study are Return On Assets (ROA) and Return On Investment (ROI) and Market Ratios used in this study are Price Earning Ratio (PER) and Market to Book Value (MBV) to stock prices. The sample in this study were 24 transportation companies listed on the IDX. The data analysis method in this research is multiple linear regression which aims to obtain a comprehensive picture of the effect of the Profitability Ratio and Market Ratio variables on stock prices using the SPSS program. The results showed that only partially market ratio variables had an effect on stock prices both measured by PER and MBV while profitability ratio variables measured by ROA and ROI simultaneously had no effect on stock prices. Simultaneously shows that all variables namely profitability ratios and market ratios together have an influence on the stock prices of transport companies listed on the Indonesia Stock Exchange in 2013-2017.
Understanding Indonesian Organizational Culture through Hofstede Insights: A Comparison with Malaysia, Singapore, and Thailand Tantawi, Rezkiawan; Ishak, Idham Masri; Noviana, Near Anggreini Hesti; Botutihe, Miranda; Hidayat, Fadel
Jambura Science of Management Vol 8, No 1 (2026): Jambura Science of Management - January 2026
Publisher : Universitas Negeri Gorontalo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37479/jsm.v8i1.34101

Abstract

Purpose: Despite having the largest population and human resources in the ASEAN region, Indonesia still lags in terms of productivity compared to countries such as Singapore, Thailand, and Malaysia. This fact highlights a fundamental issue that is not only technical and economic but also closely tied to the organizational culture embedded within the work system. The objective of this study is to analyze Indonesia’s organizational culture using the Hofstede Insights approach, supported by the Culture Compass as an analytical tool, and to compare Indonesia's condition with those of other Southeast Asian countries that exhibit high labor productivity.Design/Methodology/Approach: This study employs a descriptive quantitative method, supported by data obtained using an AI-based Culture Compass instrument, developed from Hofstede’s organizational culture indicators and calibrated to the local context.Findings: This study reveals that Indonesia's low labor productivity is closely linked to cultural factors, including high power distance, strong collectivism, short-term orientation, and low indulgence. Compared with Malaysia, Singapore, and Thailand, Indonesia’s organizational culture is less adaptive to contemporary work demands, thereby hindering innovation, leadership participation, and talent development. Strategic cultural transformation is essential to improve human capital competitiveness.