cover
Contact Name
Hersugondo
Contact Email
jsmo@live.undip.ac.id
Phone
+628996071000
Journal Mail Official
jsmo@live.undip.ac.id
Editorial Address
https://ejournal.undip.ac.id/index.php/smo/about/editorialTeam
Location
Kota semarang,
Jawa tengah
INDONESIA
Jurnal Studi Manajemen Organisasi
Published by Universitas Diponegoro
ISSN : 16938283     EISSN : 28284534     DOI : https://doi.org/10.14710/jsmo.v18i2
Core Subject : Economy,
Jurnal Studi Manajemen Organisasi merupakan peer-reviewed academic journal yang terbit mulai 2007 yang di publikasikan Departemen Manajemen Fakultas Ekonomika dan Bisnis Universitas Diponegoro. Jurnal Studi Manajemen Organisasi menerbitkan artikel konseptual dan empiris di bidang manajemen. JSMO fokus mengenai teori organisasi dan perilaku, manajemen strategis, manajemen sumber daya manusia, dan perbandingan lintas-budaya efektivitas organisasi.
Articles 196 Documents
Prediction Of Loss Risk Investment On The Idx Indonesia: Quantitative Approach With Var And Adj-Es Trimono, Trimono; Fahrudin, Tresna Maulana; Ardiani, Ardia Eva
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.73062

Abstract

Loss is the primary risk associated with any investment. In stock investments, the risk of loss can occur at any time and its magnitude cannot be precisely determined. Improper risk management can negatively impact the investment activities carried out by investors. One way to manage risk effectively and prevent bankruptcy is by estimating the potential future risk. This study aims to predict the risk of loss using the quantitative Value-at-Risk (VaR) model, particularly for stocks listed on IDX Indonesia. VaR has the main advantage of being a simple model that can be applied to various types of financial assets. However, VaR also has a drawback it does not satisfy the subadditivity principle. Therefore, this study also employs the Adjusted-Expected-Shortfall (Adj-ES) model as an improvement to VaR. The VaR and Adj-ES models will be implemented on the stocks AMRT.JK and BBCA.JK. These two stocks are part of the IDX Indonesia 2024 blue chip stocks, with a significant increase in market capitalization. The results show that VaR provides prediction results for the risk of loss in the range of 1.2% - 3.4 for AMRT.JK data, and 1.1 - 3.2% for BBCA.JK data. Referring to the Violation Ratio value, it is known that both VaR and Adj-ES have VR values <1 so it is concluded that the prediction accuracy is very good
An Analysis Of Firm-Specific, Industry Specific, And Macroeconomic Determinants Influencing Bank Profitability In Indonesia Handriani, Eka; Anggara, Sebastian Billy
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.72650

Abstract

In this study, we examine the key determinants of bank profitability in Indonesia over the period 2013-2021. The research categorizes the factors influencing bank profitability into two broad groups: bank-specific (internal) factors and industry- and macroeconomic-specific (external) factors. The empirical findings of this study reveal that several internal and external factors significantly influence bank profitability in Indonesia. First, bank size demonstrates a significant positive effect on financial performance, as indicated by a t-value of 2.93. Larger banks tend to benefit from economies of scale, operational efficiency, and broader market access, enabling them to enhance profitability. Capital adequacy also shows a significant positive relationship with profitability t-value 2.72, reflecting that well-capitalized banks are better equipped to absorb risk, support asset growth, and maintain investor confidence. In contrast, credit risk does not exhibit a statistically significant impact on profitability t-value 1.39. This may be due to improved risk management practices, portfolio diversification, and regulatory support, which mitigate the effect of credit defaults on financial outcomes. The study also finds strong support for the role of management efficiency, with a significant t-value of 2.24. Efficient banks can reduce operational costs, allocate resources strategically, and respond effectively to market changes. However, market concentration does not appear to positively affect profitability t-value -1.63, possibly due to complacency, regulatory burdens, and reduced competition in highly concentrated markets. Regarding macroeconomic variables, inflation shows a negative but statistically weak relationship with bank profitability t-value -1.08, indicating potential erosion of income through increased costs and credit risk. Lastly, economic growth exerts a significant positive influence t-value 2.08, reinforcing the notion that expanding economic activity enhances loan demand, improves asset quality, and supports banking sector performance.
The Influence Of Human Resources Management On Employee Engagement Mediated By Positive Emotions And Knowledge Management On 3 Star Hotel Employees In Samarinda City Maharani, Aprilia Sintya
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.70390

Abstract

This study aims to analyze the influence of Human Resources Management on Employee Engagement, mediated by Positive Emotions and Knowledge Management, among hotel employees in Samarinda city. Data were collected from 150 Hotel  employees in Samarinda City  using purposive sampling. Data analysis was conducted using descriptive statistics to find the mean, and hypothesis testing was performed using SEM AMOS 22. Instrument was tested for validity and reliability, where all statements were found to be valid and reliable, and model testing was conducted using Goodness of Fit. Research results show that Human Resources Management, Positive Emotions, Knowledge Management have a positive effect on Employee Engagement. Meanwhile, the role of Positive Emotions and Knowledge Management can partially mediate the influence of Human Resources Management on Employee Engagement. The managerial implication in this research is that management must maintain a leadership style by appreciating and communicating openly with employees. Apart from that, it is necessary to improve a supportive work environment and always pay attention to the balance of work and personal life. Management also needs to maintain training or workshops for employees as well as increase the dissemination of information and solutions regarding projects and problems faced.
The Influence of Organizational Support on Employee Performance through Employee Engagement at PT Kereta Api. Wiryawan, Raditya
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.72966

Abstract

This study aims to analyze the effect of Perceived Organizational Support on Employee Performance with Employee Engagement as an intervening variable on employees of PT Kereta Api Pariwisata. Perceived organizational support is one of the important factors that affect employee performance through employee involvement in carrying out tasks.This study uses a quantitative method with the Partial Least Squares approach involving 149 employees as respondents Employee Performance. Employee Performance. This finding confirms that good Perceived organizational support will increase employee engagement, which ultimately has an impact on improving employee performance. The implications of this study provide recommendations for company management to continue to improve perceived organizational support in terms of employee welfare and two-way communication policies to strengthen employee engagement and performance.
Determinants Of Corporate Value In Construction Sector Companies In 2020-2023 Widyakto, Adhi; Susanto, Susanto; Rinawati, Tri; Yusof, Rosylin Mohd; Utari, Diah
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.72532

Abstract

A construction company is a company that operates in the field of infrastructure development, physical facilities and infrastructure for the benefit of the general public.This study aims to determine and provide empirical evidence related to the determinants of factors that affect firm value in construction companies listed on the Indonesia Stock Exchange in 2020-2023. The type of data used in this study is secondary data in the form of quantitative documentary data.The results of this study indicate that: Liquidity has a significant positive effect on financial distress. Leverage has a significant positive effect on financial distress. Liquidity Profitability has a significant positive effect on financial distress. Liquidity has a significant negative effect on firm value. Leverage has a significant positive effect on firm value. Profitability has a significant positive effect on firm value. Financial distress has an insignificant positive effect on firm value. Financial distress can mediate liquidity on firm value. Financial distress can mediate leverage on firm value. Financial distress can mediate profitability on firm value.
Integrating Expectation-Confirmation Theory and DeLone & McLean Model: Exploring the Impact of Website Quality on E-Satisfaction and E-Loyalty in the Sports Equipment and Apparel Industry Anggara, Adi Wahyu
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.73126

Abstract

This study examines the complex interconnections of website quality, e-satisfaction, and e-loyalty in the evolving sports equipment and clothing sector. This research seeks to elucidate the aspects affecting online consumer behavior in this sector by merging Expectation-Confirmation Theory (ECT) with the DeLone and McLean IS Success Model (D&M IS Model). This study investigates how the dimensions of information, system, and service quality of a website influence consumer expectations, satisfaction, and loyalty, acknowledging the distinctive traits of the sports equipment and apparel industry, including the importance of brand reputation, customer engagement, and community development. Data were gathered from 196 online consumers using a meticulously crafted structured questionnaire and evaluated employing sophisticated structural equation modeling (SEM) techniques utilizing AMOS software. This study's findings provide strong empirical evidence for the substantial and beneficial influence of website quality on e-satisfaction, which subsequently serves as a vital catalyst for both attitudinal and behavioral loyalty among online consumers. The incorporation of ECT with the D&M IS model offers a more exhaustive theoretical framework for clarifying the psychological and behavioral mechanisms influencing consumer loyalty in the online environment.
Financial Ratios And Stock Return In The Food & Beverage Sector Sunaryo, Deni; Ibrahim, Mukdad; Lestari, Etty Puji; Puryandani, Siti
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 1 (2025)
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i1.72461

Abstract

This study uses a quantitative approach with panel data analysis to examine the effect of financial ratios on stock return and the role of financial distress as a moderating variable. The sample consists of companies in the food and beverage processing sector listed on the Indonesia Stock Exchange (IDX) during the period from 2013 to 2023. The data used were obtained from the annual financial statements published by these companies, as well as stock market data from the IDX. The total sample used in this study consists of 121 data points obtained through purposive sampling from 26 companies that met the research criteria. The dependent variable in this study is stock return, which is calculated based on the annual stock price change divided by the stock price at the beginning of the year. The independent variables include financial ratios, namely Total Asset Turnover (TAT), Price Earnings Ratio (PER), and Times Interest Earned Ratio (TIER). Financial distress is measured using the Altman Z-Score, which serves as the moderating variable in this study. Multiple regression analysis was used to test the research hypotheses, incorporating interaction variables between financial ratios and financial distress to test for moderating effects. The tests included descriptive analysis, normality test, multicollinearity test, and autocorrelation test to ensure the validity of the results.The results show that TAT, PER, and TIER have weak or insignificant effects on stock return, with TAT and TIER showing negative but statistically insignificant relationships. Financial distress was found to moderate the relationship between TIER and stock return in certain models, although it did not show a significant effect in other models. This study emphasizes the need for further research to include macroeconomic variables and explore industry sector dynamics to deepen the understanding of this relationship.
The Effect of Innovation and Service Quality on Competitive Advantage With Dynamic Capability as a Moderating Variable (Empirical Study at BPS-Statistics Across Jawa Tengah Province) Purnamasari, Indah; Widjajanti, Kesi; -, Indarto; xueyun, Zhong
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 2 (2025): 2025
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i2.77578

Abstract

This study analyzes the influence of innovation and service quality on competitive advantage with dynamic capabilities as a moderating variable at the BPS-Statistics throughout Jawa Tengah Province. Using a quantitative approach with Partial Least Square (PLS) techniques, the study involved all BPS work units in Jawa Tengah to explore the dynamics of competitive advantage in the public sector. A theoretical framework was built based on Resource-Based Theory and Dynamic Capabilities Theory to understand how organizational resources contribute to competitive value creation. The results show that innovation has a significant positive effect on competitive advantage, manifested through web-based data services, interactive statistical dashboards, and the integration of national digital platforms. Service quality is also proven to have a significant positive effect on competitive advantage, manifested through response speed, data accuracy, ease of access, and responsiveness to user needs. Dynamic capabilities show a significant positive direct effect on competitive advantage, but do not act as a moderator in the innovation-competitive advantage or service quality-competitive advantage relationship, classifying it as a quasi-moderator. These findings reveal the unique characteristics of public bureaucracy where innovation is top-down and service quality is standardized through national SOPs, limiting the adaptive flexibility of work units. The research provides theoretical contributions in understanding the application of dynamic capability theory in the public sector and practical implications for optimizing the competitive advantage of national statistical institutions through strengthening operational autonomy and contextual innovation design.
Brand Image and Purchase Decisions: Consumer Social Values in Green Marketing Adiyanto, Yoga; Ibrahim, Mukdad; Dharmawan, Dhany Isnaeni; Khofin, Kiki; Sunaryo, Deni
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 2 (2025): 2025
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i2.72674

Abstract

This study examines the relationship between brand image, consumer social values, and purchase decisions within the context of green marketing for electric motorcycles. Specifically, it explores how the Indonesian government’s vision for environmental sustainability aligns with consumer values and influences their purchase behavior. The research employs both qualitative and quantitative methods, collecting data through surveys and in-depth interviews to understand the key drivers behind consumer purchasing decisions for electric motorcycles in Indonesia. Findings indicate that consumers are increasingly considering environmental impact, alongside brand image, when making purchase decisions. Moreover, government policies promoting green initiatives further enhance consumer willingness to engage with electric motorcycle brands. This paper offers valuable insights for marketers looking to leverage green marketing strategies in the rapidly growing electric vehicle sector in Indonesia.
A Comprehensive Swot Analysis of Jaringan Gas (Jargas) Expansion for Household and Small-Customer Segments: Evidence from Pt Perusahaan Gas Negara (Pgn) Tbk, Semarang Area Yudha, Aji; Diandra, Amanda; Lestari, Lela; Djastuti, Indi
JURNAL STUDI MANAJEMEN ORGANISASI Vol 22, No 2 (2025): 2025
Publisher : Faculty of Economics and Business | Universitas Diponegoro

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jsmo.v22i2.79583

Abstract

This study aims to analyze the expansion strategy of the natural gas network (Jargas) for the household and small-customer segments implemented by PT Perusahaan Gas Negara (PGN) Tbk, Semarang Area, using the SWOT analysis method. The Jargas program represents a strategic form of business expansion that supports national energy efficiency and reduces dependence on LPG. This research employs a qualitative descriptive approach with data collection techniques comprising observation, Focus Group Discussion (FGD), and documentation. The findings indicate that PGN possesses several strengths, including a stable gas supply, competitive pricing, and the availability of a responsive operational support team. However, key weaknesses include the mandatory collection of customer interest, also referred to as the gas subscription request form or Formulir Registrasi Berlangganan Gas (FRGB) prior to construction, as well as reliance on the presence of anchor industries. Opportunities that can be leveraged include collaboration with local vendors, expansion into new areas, and high public interest in alternative energy. Meanwhile, threats faced by the company include the dominance of subsidized LPG 3 kg, limited pipeline infrastructure, and potential competitors. By understanding these factors, PGN can formulate more targeted, adaptive, and efficient expansion strategies to enhance the coverage of natural gas services for communities in the Semarang region