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Asia-Pacific Management and Business Application
Published by Universitas Brawijaya
ISSN : 22528997     EISSN : 26152010     DOI : -
Asia-Pacific Management and Business Application journal (APMBA) is a scholarly journal, publishing internationally leading research across all areas of management. APMBA continuously seeking articles that challenge the affect of globalization through business world through critically informed empirical and theoretical investigations, and present the latest thinking and innovative research on major management topics, while still being accessible and interesting to non-specialists.
Arjuna Subject : -
Articles 439 Documents
A Cross-Country Comparison of the Corporate Social Responsibility Orientation Between Indonesia and Thailand: Do Gender and Culture Matter? Putra, Kadek Dwi Cahaya; Wattanametha, Phussadee; Saputra, Upayana Wiguna Eka; Widiantara, I Made; Elfarosa, Ketut Vini; Rahmanu, I Wayan Eka Dian
APMBA (Asia Pacific Management and Business Application) Vol. 13 No. 2 (2024)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2024.013.02.4

Abstract

Despite the increased concerns about the significance of CSR for business, only a few empirical studies of CSR orientation are available. Understanding stakeholders' CSR orientations is pivotal to devising appropriate CSR strategies. This study investigates perceptions of CSR Orientation among Indonesian and Thai consumers and examines economic, legal, ethical, and philanthropic dimensions. A questionnaire with an imperative scale to measure relative importance was administered to 300 business students in both countries. Findings revealed that economic responsibility ranked the highest for both groups, aligning with previous empirical studies. However, significant variations emerged regarding legal, ethical, and philanthropic priorities. Thai consumers emphasized ethical responsibility, while their Indonesian counterparts prioritized legal and philanthropic dimensions. These distinctions challenged the universality of CSR frameworks, establishing a new perspective on the substantial influence of cultural, regulatory, and societal factors. Further, the study punctuated the demand for companies to adjust CSR strategies adhering to distinct national contexts. To strengthen comprehension of CSR orientations, further study is advised to explore cross-cultural differences, the impact of developmental stages, and diverse sample demographics. These findings encompass significant implications for businesses operating in multiple cultural settings, emphasizing the imperative of adapting CSR practices to engage with local communities and consumers effectively.
Examining the Impact of Factors on Firm Value with Corporate Social Responsibility as a Moderator: A Generalized Method of Moments Approach in the Consumer Non-Cyclicals Industry Pangestuti, Dewi Cahyani; Tri Siswantini; Alfida Aziz; Heni Nastiti
APMBA (Asia Pacific Management and Business Application) Vol. 14 No. 1 (2025)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2025.014.01.1

Abstract

The non-cyclical consumer sector, which is defined by the production of essential goods, has demonstrated a notable degree of resilience in the face of economic fluctuations. Despite this stability, the dynamics influencing firm value in this sector remain complex. A plethora of literature has been published on topics such as dividend policy, profitability, sales growth, market risk, and inflation. Nevertheless, the role of Corporate Social Responsibility (CSR) as a moderating variable has received less attention. The objective of this study is to address this lacuna by examining the manner in which CSR influences the relationship between these factors and firm value. The objective of the present study is twofold: first, to provide insights into the potential long-term and short-term effects of these variables, and second, to explore the relationship between the variables and the potential effects on the patient's well-being. This study employs the Generalized Method of Moments (GMM) to examine dynamic panel data from 87 companies operating within the Consumer Non-Cyclicals sector and listed on the Indonesia Stock Exchange from 2017 to 2023. The findings of the study demonstrate a positive correlation between profitability and firm value, while market risk and inflation exhibit a negative relationship with firm value. CSR was found to moderate the relationship between profitability, market risk, and inflation but did not moderate the effects of dividend policy or sales growth on firm value. However, its role is context-dependent and does not universally apply to all financial variables.
Comparing Returns: Do Indonesian Government Bonds Underperform Mutual Funds and Stocks? Irianto, Kurniawan Budi; Kamaludin, Kamaludin; Usman, Berto
APMBA (Asia Pacific Management and Business Application) Vol. 14 No. 1 (2025)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2025.014.01.2

Abstract

Investment has long been common among Indonesians, with gold traditionally favored. Recently, younger generations have begun diversifying into capital market instruments such as stocks, mutual funds, and Indonesian government bonds (ORI). While these options offer higher return potential, they also carry greater risk. Retail investors often face obstacles such as limited capital, time constraints, and lack of accessible information, which can hinder optimal investment decisions. This study compares the returns of stocks, mutual funds, and ORI from February 22, 2021, to February 15, 2024. A modified present value formula is used to evaluate each investment, incorporating all cash flows coupon payments, cash dividends, and stock dividends throughout the investment period. This approach addresses a common gap in investment prospectuses, where present value considerations are frequently omitted by investment managers, leading to less accurate return assessments. Findings show that, on average, stocks deliver the highest returns, followed by ORI, with mutual funds yielding the lowest. These results provide practical insights for retail investors aiming to make more informed decisions based on return potential adjusted for the timing of payments.
Strategic Communication of Superordinate Identity in International Marketing: Evidence from Malaysia Madani to Reduce Indonesian Tourism Avoidance Nirwana, Maya Diah; Kriyantono, Rachmat; Mashuri , Ali; Hakim , Muhammad Lukman
APMBA (Asia Pacific Management and Business Application) Vol. 14 No. 1 (2025)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2025.014.01.3

Abstract

Cross-border tourism in Southeast Asia is often hindered by identity-based biases and intergroup animosity, particularly towards immigrant communities. Grounded in Social Identity Theory, this study investigates whether the strategic communication of a superordinate identity framed through Malaysia’s inclusive Malaysia Madani campaign can reduce Indonesian tourism avoidance among Malaysian youth. A one-way between-subjects experimental design was implemented with 92 university students (aged 18–24), randomly assigned to either a treatment group exposed to Malaysia Madani narratives or a control group completing a neutral activity. Participants assessed immigrant population threat, immigrant animosity, cultural openness, perceived authenticity communication, and tourism avoidance using validated 7-point Likert scales. Findings revealed that superordinate identity exerted statistically significant but theoretically inconsistent effects on tourism avoidance via threat or animosity. However, cultural openness significantly moderated the relationship between identity and tourism avoidance, whereas authenticity communication did not. These results underscore the pivotal role of cultural openness in international marketing communication strategies aimed at reducing tourism resistance. Theoretically, the study advances identity-based marketing discourse; practically, it suggests that professionals in marketing and tourism should design campaigns that strengthen inclusive identity and foster openness to re-engage reluctant travellers and revitalise regional tourism.
An Integrated Model of Shared Leadership on Entrepreneurial Team Performance : Evidence From Indonesia Andika; Radityo Putro Handrito; Ana Sofia Aryati
APMBA (Asia Pacific Management and Business Application) Vol. 14 No. 1 (2025)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2025.014.01.4

Abstract

Building an entrepreneurial enterprise with a team is a dynamic process and requires effective teamwork. Thus, The idea of shared leadership as a team leadership approach is crucial. Based on social exchange theory, Through knowledge sharing as a moderator and team trust and creativity as a mediator, we examine how shared leadership might enhance team performance.  To test our hypotheses, data were collected from 71 entrepreneurial teams (306 members and 73 supervisors) through combined online and offline surveys. Aggregated at the team level, Smart PLS 3.0 was used to analyze the data and evaluate the suggested model. Findings reveal that team performance is greatly improved by shared leadership, with trust and creativity partially mediating this effect. Contrary to expectations, knowledge sharing did not moderate the relationship This study advances the literature by introducing team creativity as a previously underexplored mediating mechanism in the link between team performance and shared leadership. Moreover, the use of dyadic data from both leaders and team members strengthens the methodological rigor by mitigating common method bias and enhancing the robustness of the findings. The findings highlight the critical role of building trust and encouraging creativity in boosting team effectiveness, providing meaningful insights for improving entrepreneurship programs in Indonesia and promoting long-term success.
Examining Technical, Human-Social, and Methodological Influences on K-Worker Competency: A Comparative Analysis of Experienced vs. Novice Economics Students at Telkom University Iman Santoso, Teguh; Galuh Tresna Murti; Moch Aminudin Hadi; Muhammad Nurwaskita Alamsyah
APMBA (Asia Pacific Management and Business Application) Vol. 14 No. 1 (2025)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2025.014.01.5

Abstract

The Indonesian labor market faces a significant and persistent skills gap, particularly among knowledge-intensive industries, where Knowledge-workers require specialized competencies. This study seeks to address this gap by examining the roles of technical, human-social, and methodological competencies in enhancing K-worker preparedness among economics students at Telkom University. A cross-sectional survey of 1,401 students evaluates the impact of these competencies and explores how previous work experience affects competency development. Results reveal that each competency—technical, human-social, and methodological—meaningfully contributes to overall Knowledge-worker readiness, with technical skills emerging as the most influential factor in job preparedness. Surprisingly, work experience does not strongly moderate these competency impacts, highlighting that foundational skill development within the curriculum remains paramount for fostering employability. These findings emphasize the need for competency-based education frameworks that prioritize foundational skills to meet the ASEAN labor market's demands. The study provides actionable insights for higher education policymakers and curriculum designers in Indonesia, suggesting that a stronger focus on comprehensive competency-based training can better equip graduates for competitive regional workforce integration. Continuous professional development initiatives are also highlighted as crucial, enabling graduates to adapt and grow in their careers. This research contributes to ongoing discussions on bridging educational outcomes with industry needs and reinforces the role of curriculum reform in promoting workforce competitiveness across Southeast Asia.
Narrative Review: Human Capital, Technology Capital, Digital Capabilities in Organizational Performance SMEs in the Era of Digitalization Anam, Choirul; Sopiah, Sopiah
APMBA (Asia Pacific Management and Business Application) Vol. 12 No. 3 (2024)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2024.012.03.7

Abstract

Small and medium-sized enterprises (SMEs) in the age of digitalization need new strategies to optimize their organizational performance. Human Capital, Technology Capital, and Digital Capabilities are critical factors in achieving optimal performance in an increasingly digitalized business environment. This study identifies the role of each factor in achieving optimal performance in SMEs and shows the importance of developing digital capabilities in the digitalization era. In addition, this study also highlights the importance of interactions between these factors and their influence on organizational performance. The Systematic Literature Review approach is the researcher's footing to review more in-depth previous research regarding human capital, technology capital, and digital capabilities in the scope of SME organizational performance with the Narrative Review method. The data collected were 207 articles from the Scopus and Google Scholar databases. Then, it was eliminated to 30 articles according to the SPIDER criteria. This study shows that improving human capital, technology capital, and digital capabilities can help SMEs maintain their position in the digitalization era and improve their performance
How HRD, Servant Leadership, and Good Governance Improve Islamic Bank Staff Performance and Morale Hilal, Nur; Djatola, Hariyanto R.; Hussein, Ananda Sabil
APMBA (Asia Pacific Management and Business Application) Vol. 12 No. 2 (2023)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2023.012.02.5

Abstract

This research was conducted to analyse the impact of human resource (HR) development, servant leadership, and good governance on employee performance and moral commitment in Islamic banking. Using quantitative approach data through a questionnaire with 215 respondents were collected as the primary data. This research was conducted from July to September 2022. The data obtained was carried out in the analysis stage using the structural equation modeling (SEM) AMOS program. The results of this study indicate that HR development has a positive and insignificant effect on moral commitment; servant leadership and good governance have a positive and significant effect on moral commitment; HR development has a positive and insignificant effect on employee performance in Islamic banking; servant leadership, good governance, and moral commitment have a positive and significant effect on employee performance in Islamic banking; while the role of moral commitment has a positive and insignificant effect on HR development on employee performance; and servant leadership and good governance have a positive and significant effect on employee performance through moral commitment.
Linking Altruism and Self-Control to Life Satisfaction: The Mediating Effect of Organızational Citizenship Behavior Bramadhian, Revias; Putranta, Martinus Parnawa; Pramudianto, Pramudianto
APMBA (Asia Pacific Management and Business Application) Vol. 12 No. 2 (2023)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2023.012.02.2

Abstract

Cooperatives members as well as its managers’ life satisfaction are important output for its management performance. Cooperative managers, who have personality traits such as altruism and self-control, tend to have more life satisfaction at their working environment. One of the essential principles of cooperative is organizational citizenship behavior, will help the managers to linking altruism and self-control to their life satisfaction. Cooperative managers who have altruism and good self-control tend to have organizational behavior, so they are more willing to help each other, improving their work performance, and solving problems at the workplace together, thus creating a positive working environment. A positive working environment will make people more satisfied with their life. A cross-sectional design was established and 130 cooperatives managers were selected with snowball sampling among 39 cooperatives in Yogyakarta. Quantitative data were collected by questionnaires and analyzed by using PLS-SEM. The results indicated that organizational citizenship behavior has positive effect on life satisfaction. Altruism and self-control both have positive effect on organizational citizenship behavior and organizational citizenship behavior partially mediates the effect of both altruism and self-control on life satisfaction.
Green Cosmetıcs And Generatıon Z In Indonesıa: The Role Of The IMB Model In Predıctıng Purchase Intentıon Andika, Andika; Nadia, Nadia; Luthfiana, Della Nanda; Aulia, Fikri Budi
APMBA (Asia Pacific Management and Business Application) Vol. 12 No. 2 (2023)
Publisher : Department of Management, Faculty of Economics and Business, Brawijaya University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21776/ub.apmba.2023.012.02.3

Abstract

The development of green cosmetics is considered a transformative step that supports sustainability issues and environmental protection. Furthermore, Generation Z, which is the largest population segment in Indonesia, shows a positive response and concern for sustainability issues. However, a deeper understanding is needed to identify Generation Z's interests in green cosmetics. This is important considering that Generation Z is often seen as a reactionary digital society and is susceptible to being influenced by viral trends in society or on social media, as revealed in several previous studies. This research uses a theoretical framework from the Information-Motivation-Behavioral Skills (IMB) model. Through questionnaires on online survye, data from 264 Generation Z respondents in Indonesia are collected. This data was then analyzed using Descriptive Statistics and Structural Equation Modeling (SEM). The results of the analysis show that product knowledge significantly influences Generation Z's purchase intention. Self-efficacy acts as a mediator between knowledge and purchase intention. In addition, attitudes towards green cosmetics do not directly influence purchase intentions; self-efficacy becomes the bridge connecting attitudes and purchase intentions. The relationship between subjective norms and purchase intention is proven significant, with self-efficacy as the mediator. Meanwhile, although environmental awareness influences purchase intentions, self-efficacy does not mediate this relationship. The IMB model provides a deep understanding of what motivates Generation Z in Indonesia to choose green cosmetics. These findings have significant implications for marketers in promoting green cosmetics to strengthen the self-efficacy of Generation Z consumers in understanding their products.

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