cover
Contact Name
Ivan Widiyanto
Contact Email
ivan@petra.ac.id
Phone
-
Journal Mail Official
ijbs@petra.ac.id
Editorial Address
-
Location
Kota surabaya,
Jawa timur
INDONESIA
Petra International journal of Business Studies (IJBS)
ISSN : -     EISSN : 26216426     DOI : https://doi.org/10.9744/ijbs
Core Subject : Economy, Science,
Petra IJBS (Petra International Journal of Business Studies, ISSN: 2621-6426) is a peer-reviewed journal published under the Master of Management program, Faculty of Economics, Petra Christian University (MM FE UKP). The journal serves as a vessel for exchanging business knowledge to scholars and practitioners, which publish their scholarly works twice a year (June and December).
Arjuna Subject : -
Articles 185 Documents
Corporate Social Responsibility and Competitive Advantage: The Evaluation of the Mediation role of Employee Commitment and Customer Satisfaction, (Study on Manufacturing Companies in Surabaya) Mayesa Wedysiage; Semuel Hatane; Devie Deviesa
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (291.167 KB) | DOI: 10.9744/ijbs.4.1.1-10

Abstract

The objective of this research is to discover the influence of Corporate Social Responsibility (CSR) towards Competitive Advantage using the Employee Commitment and Customer Satisfaction variables on the manufacturing companies listed in Surabaya. The sample population is 206 manufacturing companies in Surabaya that have already done CSR from the East Java BPS data. The samples are manufacturing companies selected via non-probability and the respondents are the owners or staff with the competency to represent the companies who are willing to fill the online or offline questionnaires. The researcher gathers the primary data from the 67 companies that answered the questionnaires then processes it with the SPSS and PLS software. The research result confirms that employee commitment acts as an intervening variable that can strengthen the relationship between CSR and competitive advantage.
The Effect of Financial Literacy, Financial Risk Tolerance, and Financial Socialization Agents on Stock Investment Decision in The Millennial Generation Kevin Hendarto; Njo Anastasia; Sautma Ronni Basana
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (556.563 KB) | DOI: 10.9744/ijbs.4.1.11-22

Abstract

This study aim to determine financial literacy, financial risk tolerance, and financial socialization agents effect/influence on stock investment decisions in the millennial generation. The research was conducted by distributing questionnaires to 400 millennial generation stock investors in Indonesia. The data analysis method by Structural Equation Modeling (SEM) using the SmartPLS 3.2.7 program. The results show that financial literacy has a significant effect on investment decisions. Financial risk tolerance has significant effect on investment decisions, meanwhile financial socialization agents do not have a significant effect on investment decisions.
The Impact of Corona Virus Disease 2019 (COVID-19) on Indonesia Property Stock Index Kevin Ronaldo Gotama; Njo Anastasia
Petra International Journal of Business Studies Vol. 4 No. 2 (2021): DECEMBER 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (947.835 KB) | DOI: 10.9744/ijbs.4.2.85-96

Abstract

A promising investment in the property sector is due to appreciation in property value. As an economic instrument, the stock market, inseparable from different environmental factors, was triggered by incident in Wuhan, Hubei Province, China, an outbreak of acute respiratory tract infection 2 (SARS-CoV-2) in December 2019 and then spread across China. This study is a comparative study on the stock index of the property sector on the stock exchange of countries affected by the Corona Virus Disease 2019 (COVID-19) case, with a purposive sampling technique according to certain criteria for sample selection. The event analysis was performed by analyzing market reaction; with COVID-19 incident effect as one of the event tests, the stock price index. The findings of the study indicate that there is an index response to the incident of COVID-19. The reflected reaction shows in the abnormal return and trade volume activity before and after the incident. Thus, this study is expected to be taken into consideration for stock investors regarding the impact of the Corona Virus Disease 2019 (COVID-19) pandemic on stock prices, by providing an overview of changes in stock prices during the monitoring period, so that they can make investment decisions in the period before and after incident.
Determinants of Political Stability to Support Foreign Investment in Indonesia Benny Budiawan Tjandrasa
Petra International Journal of Business Studies Vol. 4 No. 2 (2021): DECEMBER 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (544.364 KB) | DOI: 10.9744/ijbs.4.2.97-108

Abstract

What investors often consider before deciding to invest in various countries is the political situation. The risks faced by investors in the event of political instability are regulatory changes, legal disputes, forced takeovers of companies, disruption to regional stability, policies against acts of terrorism, and changes in state ideology. The purpose of this study is to find a determinant of political stability in Indonesia that will be useful for investors and multinational companies, and the government in maintaining political stability. Systematic secondary data sampling from January 2015 to December 2019 was used for explanatory study purposes and to build a model. This study concludes that the rule of law, control of corruption, and oil prices have a significant effect on political stability in Indonesia, while the inflation rate does not have a significant effect on political stability in Indonesia. The novelty of this research is the formation of a political stability model for Indonesia and why an increase in control of corruption actually has a negative effect on political stability in Indonesia.
The Role of Social Media Instagram in the Travel Process: Evidence from Young People in Surabaya Lydia Felicia Prasetya; Marcella Caroline Jaya; Sienny Thio
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (504.605 KB) | DOI: 10.9744/ijbs.4.1.23-32

Abstract

This paper aims to examine the role of Instagram in the travel process of Surabaya’s young people. This process was divided into five stages namely: dreaming, planning, booking, experiencing and sharing. Quantitative descriptive was employed by distributing 200 questionnaires with the age ranging from 18 to 24. Qualitative method was also utilized by having in-depth interviews with five informants. The results have shown that Surabaya’s young people attach greatest role of Instagram on dreaming stage and the least role on booking stage. Youngsters are inspired after seeing posts (uploads) associated with travel on Instagram due to travel-related accounts they follow. This study has provided a preliminary investigation of travel process using Instagram and it should provide insights to travel agents, both offline and online to consider Instagram as a promotional media with the fact that Instagram plays an important role in the travel process amongst young people.
Why is the Influence of Servant Leadership on Affective Commitment to Change Insignificant? Proposing Objective Workplace Spirituality as the Mediator Sindu Prawira
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (375.093 KB) | DOI: 10.9744/ijbs.4.1.33-43

Abstract

The ability to quickly adapt to change has been one of the mandatory requirements for every organization to succeed in this disruptive era. While commitment to change is the most desirable attitude when an organization faces major changes, an affective commitment to change is the dominant dimension of commitment to change. On the other hand, leadership is known as one of the most important antecedents of commitment to change. However, researches on this relationship have not been conclusive. Using the affect theory of social exchange and servant leadership theory, this theoretical review argues that the study method, type of exchange structure in the research context, and the need for mediation are the three main reasons for the research gap. This literature review proposes objective workplace spirituality as the mediator between servant leadership and affective commitment to change relationships.
Factors Affecting Audit Report Lag (Empirical Studies on Manufacturing Listed Companies on the Indonesia Stock Exchange) Jacqueline Vania Jessica Jura; ML Denny Tewu
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (476.17 KB) | DOI: 10.9744/ijbs.4.1.44-54

Abstract

The objective of this research is to determine whether Company Size, Company Age, Debt to Equity (DER), Return on Assets (ROA), Audit Opinion, and Auditor Reputation have a significant effect on Audit Report Lag. This research was conducted at manufacturing companies listed on the Indonesia Stock Exchange in the period 2015 to 2019. The study used 93 companies as samples, a total of 490 samples as a whole. The data analysis technique used is multiple linear analysis and the results obtained are that the DER variable has a significant positive effect, while ROA and Audit Opinion have a negative effect on the audit report lag. The variables of company size and auditor reputation do not have a significant effect, while the variable of company age has a significant positive result but is contrary to the initial expectations.
The Centrality of Brand Awareness Michael Adiwijaya; Erin McGuinness; John C Cary; Halimin Herjanto
Petra International Journal of Business Studies Vol. 4 No. 2 (2021): DECEMBER 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (836.216 KB) | DOI: 10.9744/ijbs.4.2.109-121

Abstract

The brand concept, especially brand loyalty, has evolved significantly; however, this phenomenon is still considered far from complete. This study extends a long line of scholars’ efforts by investigating a moderating effect of brand awareness in triangle relationships between product innovation and brand trust and brand loyalty. The hypotheses were tested based on online questionnaire data collected from 100 Indonesian respondents. The Ordinary least square (OLS) regression analysis shows that brand awareness positively and significantly moderates these triangle relationships. Additionally, the direct relationships between product innovation on brand awareness and brand loyalty and brand trust and brand loyalty were found to be significant. This research offers future research direction and implications for business practitioners and academics.
Demand Forecasting of The Automobile Sales Using Least Square, Single Exponential Smoothing and Double Exponential Smoothing Tresna Maulana Fahrudin; Rysda Putra Ambariawan; Made Kamisutara
Petra International Journal of Business Studies Vol. 4 No. 2 (2021): DECEMBER 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (928.599 KB) | DOI: 10.9744/ijbs.4.2.122-130

Abstract

Sales strategies require the right managerial in marketing products with the development of technology and communication, the decision making in product sales supported by complete data and can be analyzed into intelligence business solutions. The research discussed and provided solutions about how to forecast future demand targets from a set of data history by making a predictive model of product demand in the real case. The research study was obtained from automobile sales, which the company probably set the strategy from the forecast result of automobile sales by the system in the future. The research used forecasting methods such as Least Square, Single Exponential Smoothing, and Double Exponential Smoothing to achieve a small percentage of prediction error. The dataset was collected from Mitsubishi Motors Corporation which obtained 60 samples of popular product types such as Pajero, FE and L300 from 2014 to 2018 over a period of months. The experimental results reported that Double Exponential Smoothing has given a better performance than other methods. The forecasting result of Pajero reached the MAPE of 3.26%, FE reached the MAPE of 3.24%, and L300 reached the MAPE of 3.37%. This study indicates that the selection of the forecasting method depends on the actual data pattern and the adjustment of the parameters in predicting future points.
Women and the Digitalization Strategies of Micro, Small, and Medium Enterprises in the New Normal Era Junia Laksmanawati; Ahyar Yuniawan
Petra International Journal of Business Studies Vol. 4 No. 1 (2021): JUNE 2021
Publisher : Master of Management, School of Business and Management, Petra Christian University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (397.942 KB) | DOI: 10.9744/ijbs.4.1.55-64

Abstract

This paper is based upon research to study the development of women entrepreneurs in Indonesia with emphasis on motivation to begin small business (MSMEs) and digitalization strategies in doing their businesses. The research was based on a literature review and a small field survey of women holding small business (MSMEs) in Semarang. After analyzing the data from the interviews, many respondents stated that their early motivation in running their own businesses was as a means to get additional incomes in finance. Evidence shows that as entrepreneurs, dealing with digitalization is a thing that cannot be avoided in the new normal era. To optimize their business operations and revenue, some adjustments and strategies are conducted such as optimizing digital marketing, seeing business opportunities, creating innovations, creating new markets, and executing marketing plan.

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