TIJAB (The International Journal of Applied Business)
The International Journal of Applied Business (TIJAB) (eISSN: 2599-0705) is a peer-reviewed journal that publishes original articles researching or documenting issues on applied business including, but not limited to, economics and business, taxation, banking, tourism and hospitality. It considers both theoretical and applied manuscripts for publication. However, theoretical articles must show a link to significant business applications. A wide range of research methods including analytical work, historical analysis, case studies, statistical analysis and field research is accepted.
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<![CDATA[Optimization of Stock Portfolio Using the Markowitz Model in the Era of the COVID-19 Pandemic ]]>
<![CDATA[Aisha Hanif]]>;
<![CDATA[Nur Ravita Hanun]]>;
<![CDATA[Rizki Eka Febriansah]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.37-50
<![CDATA[Stocks are one of the popular investment instruments traded in the capital market. The popularity of stock purchase has developed along with the massive financial literacy movement. However, the massiveness of this movement must be balanced with knowledge and expertise in managing stock instruments since they have a high return rate and high risk. One way to manage stocks is by developing an optimal stock portfolio based on the Markowitz model. The Markowitz model is a method that formulates the elements of return and risk in an investment, and specifically the elements of risk can be minimized through diversification and combination of various investment instruments into a portfolio. By using the Markowitz method, investors can take advantage of all available information as a basis for maximizing the portfolio. This study aimed to determine which stocks can form an optimal portfolio, especially in the era of the COVID 19 pandemic and the optimal proportion of the portfolio that is feasible to obtain from stocks listed in the LQ 45 Index. The study samples involved stocks listed in the LQ 45 Index. The data analysis technique applied in this study was portfolio optimization using the Markowitz model. The results of this study showed that the optimal portfolio consisted of BBCA with a weight of 78.09% and BRPT with a weight of 21.91% which produced an expected return of 2.35% and a standard deviation of 7.01%.]]>
<![CDATA[Personality Traits and Ethical Belief as Factors Influencing Fraud Intent Behaviour among Bank Employees in Ibadan, Nigeria. ]]>
<![CDATA[Ajibola Abdulrahamon Ishola]]>;
<![CDATA[Akeem Adekunle Kenku]]>;
<![CDATA[Olufunmilayo Adedayo]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.94-110
<![CDATA[Fraud is an ever-growing problem for financial institutions in Nigeria, with criminals using a wide variety of methods. Unfortunately, employees were fingered in most of these fraudulent activities. Previous studies focused on contextual and organizational antecedents of motivating engagement in fraudulent practices and less on employees’ dispositional factors. This study examined the role of personality traits and ethical beliefs on fraudulent behaviour among bank employees. The study was a cross-sectional study. Three hundred and fifty-three (353) employees in the middle to junior level management cadre were selected through stratified sampling technique from banking organisations operating in the Ibadan metropolis. The respondents responded to a self-report questionnaire measuring fraudulent behaviour intention and red flags; personality traits and Ethical position questionnaire. Two hypotheses were tested using multiple regression, Pearson correlation analysis and ANOVA at p≤0.05. Results demonstrated that conscientiousness personality trait was the only predictor of fraud intent behaviour among the personality variables. Employees with Absolutist ethical principles reported lower fraud intent behaviour than those with subjectivist ethical philosophy. The study concludes that personality traits and ethical beliefs were powerful motivators for fraud behavior. Thus, fraud and HR experts were enjoined to utilize psychological profiles in fraud investigations and selection of employees.]]>
<![CDATA[Are video games the best way to stay-at-home? ]]>
<![CDATA[Damar Kristanto]]>;
<![CDATA[M. Nilzam Aly]]>;
<![CDATA[Bambang Suharto]]>;
<![CDATA[Rahmat Yuliawan]]>;
<![CDATA[Aji Akbar Firdaus]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.51-59
<![CDATA[The COVID-19 pandemic has disrupted many aspects of normal social life. The community is required not to leave the house too much if it is not necessary. Often during times of independent isolation or in personal cases, people are afraid to leave the house. They are faced with boredom so this is an opportunity for the digital entertainment industry to develop. On the other hand, many violations of COVID-19 health protocols still occur in society and people are still reluctant to stay-at-home. The question is what medium is good for persuasion as well as giving pleasure to people to entertain themselves during independent isolation and with low levels of boredom. Video games are a growing industry during the COVID-19 pandemic, unfortunately, this media has not been widely used as a means of persuading people to obey health protocols and stay-at-home. This study shows a correlation between gaming activity and the tendency not to leave the house. Besides, what types of games have the potential to keep someone from leaving the house are also discussed in this paper.]]>
<![CDATA[People's Intention to Visit Tourist Destinations during the Covid-19 Pandemic in Surabaya ]]>
<![CDATA[Umi Faricha Bascha]]>;
<![CDATA[Adiana Mutamsari Witaningrum]]>;
<![CDATA[Dwi Setiani Sumardiko]]>;
<![CDATA[Dian Yuli Reindrawati]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.60-70
<![CDATA[The Covid-19 pandemic has affected tourism sectors, for example, resulting in social restrictions and travel restrictions. The declining number of tourists visiting tourist destinations has impacted cities for tourists including Surabaya. This paper aimed to analyze the Surabaya people's desire to make a leisure trip during the pandemic. A total of 121 questionnaires from 500 distributed ones which met the criteria were analyzed. The findings showed that the majority of Surabaya's residents had no intention of traveling during the pandemic as the Surabaya government implemented many travel restrictions, including large-scale social restrictions (LSSR) several times. The travel restrictions reduced the chance for traveling out of and into the Surabaya areas. The results of the questionnaires showed that green tourism would be the most chosen tourist destination by the respondents to visit if the pandemic calmed down. Culinary tours were placed in the second rank, followed by marine tourism and religious tourism. Suggestions for further research are that the government can provide more massive counseling about the importance of maintaining cleanliness. For instance, it needs to promote changing masks regularly and educating the public about the importance of Cleanliness Health Environment and Safety (CHSE) applied by all tourist destinations and other public places.]]>
<![CDATA[Working Remotely During the COVID-19 Pandemic: Efforts of the Ministry of Education in the United Arab Emirates ]]>
<![CDATA[Rawdha AlMarar]]>;
<![CDATA[Amani Alkhodari]]>;
<![CDATA[Dina Y. Atia]]>;
<![CDATA[Satti Mohamed]]>;
<![CDATA[Raed M Shubair]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.1-17
<![CDATA[Following the global outbreak of COVID-19 pandemic, work is no longer being conducted in the traditional manner. This has created pressure on businesses to shift into a mode of remote working in order to avoid severe disruption. The United Arab Emirates (UAE) has attempted to face challenges accompanying this crisis and explore solutions with the wise vision and constant support of its leadership. This paper examines the transition of working procedures at one of the most influential entities in the UAE; the Ministry of Education (MOE). The purpose here is to shed light on how obstacles have been turned into opportunities in order for MOE employees to continue working remotely during such critical conditions. This is illustrated by the efforts of ministry departments that were interviewed for their feedback during the study. This paper provides insights into the activation of remote work in response to sudden incidents by highlighting measurements and factors that contribute to entities’ readiness for such a transition. This study analyzes the value and originality of MOE remote working practices and their impact on the wider community.]]>
<![CDATA[Analysis of the Participation of Micro, Small, and Medium Enterprises (MSMEs) Taxpayers in Utilizing Tax Incentives Affected by the COVID-19 Pandemic ]]>
<![CDATA[Imam Agus Faisol]]>;
<![CDATA[Tito IM. Rahman Hakim]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.71-80
<![CDATA[This study aims to assess the effectiveness of the COVID-19 tax incentives that the government has issued. It focused on Micro, Small, and Medium Enterprises (MSMEs) taxpayers to participate in COVID-19 tax incentives. Using a qualitative method, this study used in-depth interviews with 2 informants who were a tax consultant and a small-medium enterprise accountant. The findings show that the effectiveness of the COVID-19 tax incentive is still lacking, and it is in line with the participation of MSMEs that is still low in utilizing tax incentives. The low participation of MSMEs in utilizing tax incentives can be seen from the data, which shows that after 5 months of running the program, out of around 2.3 million MSMEs, only 200,000 have taken advantage of this facility. The tax consultant states that the scheme that has been implemented in mitigating the financial burden of MSMEs is not effective for the object of incentives in not substantial. The informant suggests incentives to cover value-added tax also. The government is expected to create a new and better incentive scheme. The new incentive scheme is also to provide an equilibrium of responsibility for both government and society. This paper contributes theoretically by examining new types of tax incentives, namely COVID-19 tax incentives, and helping policymakers make better tax incentive schemes in the future.]]>
<![CDATA[COSO’s Enterprise Risk Management Framework in Agriculture Startup to Support the Achievement of SDGs Pillars ]]>
<![CDATA[Ita Febrianti]]>;
<![CDATA[Novita Novita]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.18-36
<![CDATA[COSO’s Enterprise Risk Management (ERM) is considered to increase the added value of the firm. This study's primary purpose is to discuss the implementation of the COSO’s ERM framework on agricultural startup in supporting the achievement of the SDGs pillars. Data collection methods used are questionnaires. This research uses qualitative and quantitative analysis using the Smart PLS application. It aims to determine the effect of implementation of COSO’s ERM as an added value to agricultural startup as a goal to support the achievement of SDGs pillars. Overall, the implementation of COSO’s ERM at the startup of Sayurbox has a significant effect in supporting the achievement of the economic, social and environmental SDGs pillars.]]>
<![CDATA[Comparative Analysis of Altman, Springate, and Zmijewski Models in Predicting the Bankruptcy of Retail Companies in Indonesia and Singapore ]]>
<![CDATA[M. Muzanni]]>;
<![CDATA[Indah Yuliana]]>
<![CDATA[ TIJAB (The International Journal of Applied Business) Vol. 5 No. 1 (2021): APRIL 2021 ]]>
Publisher : <![CDATA[Universitas Airlangga ]]>
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DOI: 10.20473/tijab.V5.I1.2021.81-93
<![CDATA[This study aims to determine whether there is a difference in the prediction results between the Altman, Springate, and Zmijewski models and the most accurate prediction model for predicting the bankruptcy of retail companies in Indonesia and Singapore. This research is descriptive quantitative. The sampling method used was purposive sampling with 15 Indonesian retail companies and 15 Singapore retail companies. This study used descriptive analysis, normality test, and One Way ANOVA test using an SPSS program. The results showed that: 1) There are significant differences between the Altman model, Springate model, and Zmijewski model in Indonesian retail companies. 2) There is a significant difference between the Altman model, Springate model, and Zmijewski model in the Singapore retail companies. 3) The most accurate model in predicting the bankruptcy of Indonesian retail companies is the Zmijewski model. 4) The most accurate model in predicting the bankruptcy of Singapore retail companies is the Altman model.]]>
