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DIJB (Diponegoro International Journal of Business)
Published by Universitas Diponegoro
ISSN : 25804987     EISSN : 25804995     DOI : -
Core Subject : Economy, Science,
Diponegoro International Journal of Business (DIJB) is a biannually peer-reviewed journal issued by Department of Management, Faculty of Economics and Business, Universitas Diponegoro. DIJB aims to be the media for publishing empirical issues related to business studies. DIJB invites manuscripts in the various topics, but not limited to, functional areas of management, including marketing management, finance management, operation management, human resource management, innovation management, knowledge management, organizational behavior, organizational development, and change management.
Arjuna Subject : -
Articles 105 Documents
Reinvestigating millennial shopping behavior on the sharing economy platform: The moderating role of COVID-19 awareness level Ashoer, Muhammad; Karim, Kasnaeny; Syahnur, Muhammad Haerdiansyah; Ating, Rashid
Diponegoro International Journal of Business Vol 6, No 2 (2023)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.6.2.2023.64-76

Abstract

Drawing from the Unified Theory of Acceptance and Use of Technology 2 (UTAUT2), this study aims to develop a predictive model concerning the shopping behaviour of millennials within the realm of the sharing economy (SE) mobile application. To accommodate prior research findings while providing novelty, this study integrates hedonic enjoyment and price-saving orientation as predictive factors, alongside the level of COVID-19 awareness as a moderating variable. An online survey was administered, and primary data was collected by distributing an electronic questionnaire link randomly via email and social media platforms. Employing a sampling judgement technique, 260 millennials in Indonesia who utilize the SE (Gojek) mobile app were identified as participants. Results from the PLS-SEM analysis reveal that performance expectancy, effort expectancy, social influence,  price-saving orientation, and habits exert a favorable and significant impact on behavioral intentions. Furthermore, habits and behavioral intentions were found to significantly influence the actual usage of the SE app among millennials. Conversely, hedonic enjoyment demonstrated no significant influence on behavioral intentions. Moreover, the moderating role of COVID-19 awareness was observed to both enhance and diminish direct relationships. The implications, both theoretical and practical, along with recommendations for future research, are deliberated upon.
ASEAN banking industry performance analysis Laili, Nindya Nuriswati; Prasetyo, Dinar Ari; Winarno, Winarno
Diponegoro International Journal of Business Vol 6, No 2 (2023)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/halal.v%vi%i.16247

Abstract

This research focuses on the banking industry in ASEAN. The ASEAN economy is one of the economic forces that needs to be considered. This is due to the fast and significant economic growth of ASEAN even in the midst of the 2008 financial crisis. In this study, we will look at the specific influence of banks, industry, macroeconomics and Country Governance Indicators in determining banking performance in ASEAN. The research period was taken during the post-crisis period, namely 2011 to 2019. The dependent variable used was bank performance as proxied by EARTA, while the independent variables were divided into 4 main categories, specific banks, industry, macroeconomics, and Country Governance Indicators. Country Governance Indicator variable using Corruption Index. The data used is sourced from the Osiris Database for all banks in ASEAN. This study uses multiple linear regression analysis techniques. The results showed that the bank-specific variables; there are 4 variables that have a significant effect on banking performance, industry indicators have no effect on bank performance, macroeconomic specific variables have a significant effect on bank performance, while the Country Governance Indicator proxied by the Corruption Index has an effect on bank performance.
Relationship of companies’ characteristics to foreign ownership: Studies on emerging market stock exchange in seven countries from ASEAN and Middle East Arsya, Riz Zaidan Febriano; Arfinto, Erman Denny
Diponegoro International Journal of Business Vol 7, No 1 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.1.2024.58-69

Abstract

This study explores the relationship between company’s characteristics and foreign ownership within the emerging market stock exchanges from 7 countries in the ASEAN and Middle East. The objective is to provide an understanding of determinants that influence foreign investors to invest in companies in emerging markets. This study uses panel data of publicly traded companies from Philippines, Thailand, Indonesia, Vietnam, UAE, Saudi Arabia, and Qatar within Q3 2020 – Q4 2022 period with the econometric robust regression model approach. Employing a quantitative research approach, this study utilizes a robust regression analysis. Various company characteristics, such as size, profitability, liquidity, leverage, dividend yield, and book-to-market value, are examined as potential determinants of foreign ownership. Results show that size has strong significant positive relationship to foreign ownership, profitability has positive not significant relationship to foreign ownership, liquidity has positive not significant to foreign ownership, leverage has negative weak significant to foreign ownership, dividend yield has positive significant to foreign ownership, and book-to-market has positive moderate significant to foreign ownership. The findings contribute to a deeper understanding of foreign ownership dynamics within the emerging market stock exchanges in the ASEAN region and Middle East, providing a solid foundation for informed decision-making and strategic planning.
Financial inclusion and mutual funds investment decision Mutamimah, Mutamimah; Saputri, Pungky Lela; Indriastuti, Maya
Diponegoro International Journal of Business Vol 6, No 2 (2023)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.6.2.2023.114-127

Abstract

This study analyses mutual fund investment decisions based on financial inclusion. Multiple regression analysis and the sobel test were used to analyse the data. The population in this study is all mutual fund investors in Central Java, Indonesia. Purposive sampling was used in the sampling method. The results show that financial literacy and financial technology have no effect on mutual fund investment decisions but have a positive influence on financial inclusion, while financial inclusion has a positive effect on mutual fund investment decisions. Thus, financial inclusion can mediate the influence of financial literacy and financial technology on mutual fund investment decisions
Effect of capital structure, company size, profitability and liquidity on company value: evidence from Indonesia manufacturing companies Widyakto, Adhi; Widyarti, Endang Tri; Suhardjo, Yohanes; Fresiliasari, Oktavie; Karim, Abdul
Diponegoro International Journal of Business Vol 7, No 1 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.1.2024.70-81

Abstract

This research was conducted to determine whether PBV is influenced by capital structure, company size, profitability and liquidity. This research uses two kinds of theories: signaling theory and agency theory. The data used is secondary data from the Financial Statements of Manufacturing Industry Companies listed in the Indonesia Capital Market Directory in 2018-2021. This study used panel data with a sample of 74 from 135 companies during 2018-2021. Sampling technique using purposive sampling. The results were obtained in IDX manufacturing sector the debt equity ratio and firm size has a negative and insignificant effect on price book value. Return on equity negative and significant to price book value. Current ratio has a positive and insignificant effect on price book value. The purpose of this study also to determine the significance of the effect of debt equity ratio, firm size, return on equity and current ratio on price book value.
Impact of ownership structure, underwriter reputation and IPO proceed size to the level of IPO underpricing Darmawan, D; Bustaman, Yosman
Diponegoro International Journal of Business Vol 7, No 1 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.1.2024.1-10

Abstract

The research aims to examine and confirm whether the underpricing phenomena exist in the Indonesia IPOs during the observation period Year 2017 to 2021 and explain its variations. This research investigate the effect of key determinants factors that have influenced the level of IPO underpricing. The research used the secondary data analysis with cross sectional studies of the observation data of 254 IPO companies. The analysis were applied with several trading period time frame i.e. 1 day, 1 month, 3 month and 6 month. The result shows that the underpricing phenomenon is confirmed in Indonesia’s IPO with number of companies that experience underpricing has reached 85% on the first of trading day. Underwriter reputation is positively related to the level of underpricing in the first trading day period. Companies with larger size of IPOs are underpriced less than the smaller ones. Meanwhile the ownership retention is negatively related with the level of underpricing. The ownership identity and ownership type are not associated to the level of underpricing. In addition, the research find that these variables are not associated to the level of underpricing for period other than 1 trading day.
The relationship between self-control and return investment: Evidence from Indonesia Suwono, Priyo; Giovanni, Axel; Verawati, Dian Marlina
Diponegoro International Journal of Business Vol 6, No 2 (2023)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.6.2.2023.104-113

Abstract

Self-control in behavioral economics is a matter of intertemporal choice, namely, consumption time. Human behavior in making economic decisions is determined by wealth and the mental accounting one owns. The number of capital market investors in Indonesia has increased in recent years. In addition to conducting fundamental analysis, investors also need to be able to control themselves to reduce the risk of exposure to bias. This study aims to provide evidence of the role of self-control quality on investment returns. The population of this study was capital market investors on the Indonesia Stock Exchange (IDX), with a sample of 51 investors obtained using a purposive sampling method. The research data is primary data obtained from the questionnaire method and analyzed using cluster analysis and an independent samples t-test. The software tool used for data analysis is SPSS 26. The results of this study provide empirical evidence that the quality of self-control plays a role in the investment returns of capital market investors on the Indonesia Stock Exchange (IDX).
Examining the presence of the monday effect on the Indonesian Stock Exchange before and during the Covid-19 pandemic Suryanegara, Arya; Pangestuti, Irene Rini Demi
Diponegoro International Journal of Business Vol 7, No 1 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.1.2024.82-98

Abstract

This study examines the presence of the Monday effect on the Indonesian Stock Exchange before and during the Covid-19 pandemic based on stock return, transaction volume, and trading patterns. This study uses trading day and trading hour as independent variables and daily return, daily total transaction volume, and return 30-minute intervals return within a day as a proxy for daily investor trading patterns as dependent variables. The data used in this study are from the Jakarta Composite Index from 1 July 2017 to 30 November 2022. The analytical methods used in this research is one-way ANOVA and two-way ANOVA. The results of this study demonstrate that day-of-week was not a significant factor in terms of daily return and daily total transaction volume before and during the pandemic. Moreover, there was no Monday effect in daily investor trading patterns before the pandemic. During the pandemic, the Monday effect in daily investor trading patterns was also not present. However, after the change in the trading hour period, the Monday effect was found in the daily investor trading pattern.
Increasing customer equity through customer relationships on social media Febrian, Angga; Roslina, R; Wibasuri, Anggalia; Yopita, Y
Diponegoro International Journal of Business Vol 7, No 1 (2024)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.7.1.2024.11-22

Abstract

This paper aims to propose and test a model of the influence of customer relationships on increasing customer equity, which has implications for consumer purchase intentions of retail products influenced by social media. We sent an online questionnaire to 476 respondents. Data analysis used the AMOS 24 structural equation modeling approach with the stages of measurement models and structural models of hypothesis testing. The study's results explain that the three factors forming a customer relationship can affect an increase in customer equity. Of the three dimensions, only brand equity can increase consumer purchase intentions. Meanwhile, value equity and relationship equity have negative results on purchase intention. Online sales through social media not only focus on the products offered but also require building brand equity, which determines consumer purchase intentions.
The impact of green marketing on customer purchase intention: The mediating role of customer concerns and beliefs and green brand knowledge Mulya, Epifania Adita Wijaya; Kusumawardhani, Amie
Diponegoro International Journal of Business Vol 6, No 2 (2023)
Publisher : Department of Management | Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/dijb.6.2.2023.90-103

Abstract

This study aims to analyse the effect of Green Marketing on Customer purchase intention by using two intervening variables, which are Green Brand Knowledge and Customer concern and beliefs, especially on Unilever customers in Indonesia. In order to analyse the relationship between Green Marketing, customer concern and beliefs, green brand knowledge, and customer purchase intention, a research framework was developed using the Theory of Planned Behaviour. The number of samples used in this study was 192 respondents representing Indonesia. Those respondents came the age of over 17 years old and over, also aware of Unilever as a brand. The Analysis Moment of Structural (AMOS) program was used as a tool for the quantitative and structural analysis of the data utilising the Structural Equation Modelling (SEM) method. The results indicate that Green Marketing positively and significantly affects Green Brand Knowledge and Customer Concern and Beliefs. Also, Green Brand Knowledge and Customer Concern and Beliefs positively and significantly affect Customer Purchase Intention. Moreover, Green Brand Knowledge and Customer Concern and Beliefs have proven to mediate Green Marketing and Customer Purchase Intention. Accordingly, all of the hypotheses in this were accepted. 

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