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<![CDATA[GOOD CORPORATE GOVERNANCE AND IDIOSYNCRATIC RISK ]]>
<![CDATA[Metta Dewi]]>;
<![CDATA[Yoga Rima Hadi]]>;
<![CDATA[Sung Suk Kim]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i2.39796
<![CDATA[Capital Asset Pricing Model (CAPM) is an asset pricing model that is often used by investors. In CAPM risk comes from two factors, systematic risk and unsystematic risk (idiosyncratic risk). In recent decades the risk of idiosyncratic continues to increase. Although idiosyncratic risk can be eliminated by diversification, several studies have shown that this risk cannot be completely eliminated. This study aims to analyze the effect of institutional ownership, independent board of commissioners, timeliness of financial statements on idiosyncratic risk. The sample of this research is companies engaged in the financial sector consisting of banking companies, insurance companies, securities companies, financing institutions, and others on the IDX in 2013-2018. The result of the analysis shows that the independent board of commissioners has a significant negative effect on idiosyncratic risk. Institutional ownership has a positive effect and timeliness of financial statements has a negative effect, but both are not statistically significant.]]>
<![CDATA[PENGGUNAAN INDIKATOR ANALISA TEKNIKAL PADA PASAR SAHAM DI INDONESIA ]]>
<![CDATA[Derry Rijken Irahadi]]>;
<![CDATA[Maria Stevani Sianturi]]>;
<![CDATA[Sung Suk Kim]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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<![CDATA[Penelitian ini menggunakan indikator Moving Averages, Relative Strength Indeks, Stochastic Oscillator, Parabolic Stop and Reverse, Moving Average Convergence Divergence, dan Rate of Change untuk menyelidiki kegunaan pendekatan Analisa Teknikal di pasar modal Indonesia. Indikator analisa teknikal diterapkan pada tiga indeks yaitu Indeks Harga Saham Gabungan, Indeks Sri Kehati, dan LQ45 selama periode 30 April 2010 sampai dengan 30 April 2021. Indikator analisa tekniknal yang paling baik dalam strategi trading adalah SMA 3 dari Stochastic-14 yang dapat menghasilkan return tahunan melebihi indeks sebesar 13.239% untuk IHSG, 25.043% untuk SRI-KEHATI, dan 20.664% untuk LQ45. Hasil dari analisa robustness menunjukkan bahwa indikator analisa teknik lebih menguntungkan untuk sub periode 2 (1 November 2015 s/d 30 April 2021) daripada sub periode 1 (30 April 2010 s/d 31 Oktober 2021).]]>
<![CDATA[Effect of Loss Aversion on Company Performance in Indonesia ]]>
<![CDATA[Grace Turangan]]>;
<![CDATA[Sung Suk Kim]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 3 (2022): JMBI UNSRAT Volume 9 Nomor 3 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i3.39800
<![CDATA[The loss aversion bias tends to be done by investors to avoid losses that will psychologically be felt greater than the gain they receive. The exploration on this research in Indonesia, is to see how the impact of investor loss aversion to company economic performance. Using quarterly observation data of 7,535 on 190 companies that are still active, exclude the financial sector and registered as members of KOMPAS-100 during the period 2009-2019. In this research, a regression model with panel data, developed to test the hypothesis which formed on this research, by using two dependent variables ROA and Tobin's Q to see if both variable are supporting the previous research. The results of empirical research prove that both models formed proved that loss aversion impacted negative affect on both selected dependent variables, whether it is with additional control variable or not.]]>
<![CDATA[PENGARUH KETIDAKPASTIAN EKONOMI PADA INVESTASI PERUSAHAAN: PEMBUKTIAN MENGGUNAKAN PENDEKATAN PANEL QUANTILE REGRESSION ]]>
<![CDATA[Rita Juliana]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i2.40053
<![CDATA[Abstract. This study aimed to observe the impact of economic policy uncertainty on corporate investment decision in Indonesia. Uncertainty can influence firm’s investment decision because manager lost the ability to forecast future economic performance, which cause manager to decide not to take their investment opportunity. The sample of this research are firms that are listed in the Indonesia Stock Exchange (IDX). This study uses unbalanced panel data from period 2006 to 2020 with total 4689 observations. In this research, the effect of uncertainty to investment will utiulize the panel quantile regression approach. The results show that uncertainty will increase corporate investment. Moreover, the effect of uncertainty is stronger for firms with higher level of investment.   Abstrak. Penelitian ini menguji pengaruh ketidakpastian kebijakan ekonomi pada keputusan investasi perusahaan Indonesia. Ketidakpastian dapat mempengaruhi keputusan investasi perusahaan dikarenakan manajer tidak dapat mengobservasi probabilitas ekonomi dimasa depan, sehingga manajer dapat memutuskan untuk tidak mengambil kesempatan investasi yang dimiliki. Sampel penelitian ini adalah perusahaan Indonesia yang sudah tercatat pada Bursa Efek Indonesia (BEI). Studi ini menggunakan data panel tidak seimbang (unbalanced panel data) pada periode tahun 2006 hingga 2020 dengan total sebanyak 4689 observasi. Pada penelitian ini pembuktian efek ketidakpastian pada investasi menggunakan metode regresi panel data kuantil. Hasil yang ditemukan menunjukkan bahwa ketidakpastian meningkatkan investasi perusahaan. Selain itu, efek ketidakpastian lebih kuat pada perusahaan yang memiliki level investasi yang lebih tinggi.]]>
<![CDATA[IDENTIFIKASI FAKTOR KUNCI SUKSES INDUSTRI GEOSPASIAL DI INDONESIA ]]>
<![CDATA[Yustikarani Julianti Pambudi]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 3 (2022): JMBI UNSRAT Volume 9 Nomor 3 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i3.40100
<![CDATA[Industri geospasial menjadi industri yang terus berkembang dan memiliki peluang besar bagi para pelaku bisnis. Kondisi ini membuat intensitas persaingan di industri meningkat, sehingga perusahaan memerlukan adanya keunggulan bersaing sebagai upaya untuk bertahan di industri. Tahap utama untuk memiliki keunggulan bersaing adalah harus mengetahui faktor kunci sukses di industri tersebut. Terbatasnya informasi terkait industri ini membuat perusahaan masih sulit untuk mengetahui faktor kunci sukses industri geospasial. Penelitian ini bertujuan membantu perusahaan agar dapat bersaing di industri dengan mengidentifikasi faktor kunci sukses industri geospasial di Indonesia. Pendekatan kualitatif digunakan pada penelitian ini dengan pengumpulan data melalui wawancara analisis dokumen serta analisis data dilakukan dengan metode analisis tematik. Berdasarkan hasil penelitian didapatkan bahwa setidaknya terdapat lima faktor kunci sukses industri geospasial yaitu kemampuan analisis, ketersediaan sumber daya manusia, ketersediaan perangkat kerja, portofolio pengerjaan proyek dan kemampuan finansial perusahaan. Kelima faktor kunci sukses ini sudah seharusnya dimiliki dan ditambah dengan pengembangan masing-masing perusahaan sehingga dapat menjadi keunggulan bersaing bagi perusahaan di industri geospasial.]]>
<![CDATA[The Effect of National Culture on Leverage Decisions in Emerging Markets ]]>
<![CDATA[felicia julianti]]>;
<![CDATA[Sung Suk Kim]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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<![CDATA[This research investigates whether cultural variables explain diversity in corporate leverage in developing markets. Adaption in government borrowing, as well as macroeconomic uncertainty and financial sector expansion, play a larger effect. Individualism is highly positive connected with leverage except for short-term debt, while uncertainty-avoidance is negatively correlated with leverage except for long-term debt. We also investigate the buildup and dissipation of leverage by studying the relationship between company profitability, size, market to book, R&D, which all negatively connected while tangible assets remain positively related.]]>
<![CDATA[Efek Mediasi Moderasi Disiplin Kerja Terhadap Kinerja Karyawan Pada Perusahaan Jasa Pengiriman XYZ di Jakarta ]]>
<![CDATA[Yustinus Yuniarto]]>;
<![CDATA[Vina Apriyana]]>;
<![CDATA[Michael Christian]]>;
<![CDATA[Suryo Wibowo]]>;
<![CDATA[Sunarno Sunarno]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i2.40782
<![CDATA[Abstract. The logistics service industry, especially courier services or delivery of goods, is increasingly attractive as the number of players in this business continues to grow. Organizations are trying to increase the distribution of agent points to reach more users of freight forwarding services. In this regard, the readiness of the organization in preparing human resources who are ready to work must be planned. Recruitment, training, or training strategies to career path opportunities must be designed as accurately and as attractively as possible to support optimal employee performance to support the success of organizational performance. This study aims to analyze the determinants of employee performance at the courier service company PT XYZ in Jakarta by using work discipline as a mediator and moderator variable. This quantitative research uses structural modeling with a Partial Least Square approach. To analyze the data, this study used SMART PLS 3.0. The sample of this research is the employees of PT XYZ, totalling 59 people based on the criteria that have been determined in this study. The results of this study explain that on the mediating effect, work discipline acts as a mediator of employee career development on employee performance but does not mediate training programs provided by employees in shaping employee performance.Abstrak. Industri jasa logistik khususnya jasa kurir atau pengiriman barang semakin menarik seiring dengan terus bertambahnya pemain pada bisnis ini. Organisasi berusaha meningkatkan sebaran-sebaran titik agen untuk menjangkau lebih banyak pengguna jasa pengiriman barang. Berkaitan dengan hal ini, kesiapan organisasi dalam menyiapkan sumber daya manusia yang siap kerja harus direncakan. Strategi perekrutan, training atau pelatihan sampai kepada kesempatan jenjang karir harus didesain setepat dan semenarik mungkin untuk menunjang kinerja karyawan yang optimal guna mendukung keberhasilan kinerja organisasi. Penelitian ini bertujuan untuk menganalisis determinan kinerja karyawan di perusahaan jasa kurir PT XYZ di Jakarta dengan menggunakan variabel work discipline sebagai pemediasi dan pememoderasi. Penelitian kuantitatif ini menggunakan pemodelan struktural dengan pendekatan Partial Least Square. Untuk menganalisis data, penelitian ini menggunakan SMART PLS 3.0. Sampel penelitian ini yaitu karyawan PT XYZ yang berjumlah 59 orang yang didasarkan pada kriteria yang telah ditentukan pada penelitian ini. Hasil penelitian ini menjelaskan bahwa pada efek mediasi, work discipline berperan sebagai pemediasi development karir karyawan terhadap kinerja karyawan namun tidak memediasi program pelatihan yang diberikan karyawan dalam membentuk kinerja karyawan.]]>
<![CDATA[Determinan Kepuasan Penggunaan Pembayaran Menggunakan OVO Pada Pengguna Transportasi Online ]]>
<![CDATA[Eko Retno Indriyarti]]>;
<![CDATA[Sri Wijihastuti]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 3 (2022): JMBI UNSRAT Volume 9 Nomor 3 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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<![CDATA[In Indonesia, a wide range of cashless payment systems have been combined with a variety of applications, including online commerce, financial technology, and online transportation. Online transportation service providers, on the other hand, continue to accept cash payments for online transportation. In the middle of online transportation service providers' efforts to develop customer happiness initiatives, they must also be prepared to anticipate customer decisions to switch from cash to cashless payment methods. This is something that online transportation service providers should think about. Based on these findings, the purpose of this study is to determine the elements that influence customer satisfaction when applying the OVO payment method for online transportation. This quantitative notion is used in research that involves 146 samples to be analyzed with SMART PLS 3.0. The findings of this study show that the switching load has a substantial impact on youthful users of online transportation in Jakarta's desire to switch payment methods to OVO. Furthermore, this study demonstrates that the switching burden has no substantial impact on young users' happiness with OVO payment methods for online transportation in Jakarta. The study's third finding reveals that online transportation users in Jakarta's desire to switch to an OVO payment method has a substantial impact on their satisfaction with the service. According to the findings, there is a considerable effect of the desire to switch on user satisfaction, which can be used as a signal for service providers to consider attraction elements for switching, such as cheaper promotional programs than competitors.]]>
<![CDATA[Emotions Towards Satisfaction and Complaint Behavior Using Perceived Quality: A Hedonic Approach ]]>
<![CDATA[Tara Aldiera Prijono]]>;
<![CDATA[Husna Leila Yusran]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i2.40922
<![CDATA[More attention should be paid to the emotional side of the service experience. This is because customer satisfaction is highly dependent on how services are delivered and may affect future service delivery. In this context, it is assumed that emotions will affect customer dissatisfaction behavior and pleasure service satisfaction differently according to the perceived quality as a parameter. In this study, a quantitative data collection method was adopted by distributing questionnaires to 268 respondents. Research shows that different types of dissatisfaction and customer satisfaction can lead to different outcomes due to perceived quality effects. This research shows perceived quality has a significant impact on behavioral outcomes for hedonic services, especially positive emotions, compared to negative emotions. Future research is expected to dig more relation between emotion and other regulatory variables to provide a different perspective.]]>
<![CDATA[GOOD CORPORATE GOVERNANCE MECHANISM AND POLITICAL CONNECTION TOWARDS CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE ]]>
<![CDATA[Herlina - Lusmeida]]>;
<![CDATA[Karin Zaneta Halim]]>
<![CDATA[ JMBI UNSRAT (Jurnal Ilmiah Manajemen Bisnis dan Inovasi Universitas Sam Ratulangi). Vol 9 No 2 (2022): JMBI UNSRAT Volume 9 Nomor 2 ]]>
Publisher : <![CDATA[FEB Universitas Sam Ratulangi Manado ]]>
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DOI: 10.35794/jmbi.v9i2.40985
<![CDATA[This study aims to examine the effect of good corporate governance mechanisms by using the proportion of independent commissioners and board commissioner sizes and to examine the effect of political connection on corporate social responsibility disclosure using the GRI standard. The research population is 100 compass companies listed on the Indonesia Stock Exchange in 2018-2020. samples were selected using a purposive sampling method and obtained 267 samples. The analytical tool used is multiple regression. Based on the results of this study, the board commissioner size and political connection have a positive effect on CSR disclosure, while the independent board of commissioners found no evidence that the independent board of commissioners had a positive effect on CSR disclosure. This study contributes to the political connection, corporate governance mechanism, and CSR disclosure by identifying CSR disclosures based on the GRI standard to the most detailed level, which is 250 disclosure indicator items. Meanwhile, previous research only identifies CSR disclosure up to 77 GRI indicators without paying attention to the sub-indicators in detail.]]>
