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Tastaftiyan Risfandy
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tastaftiyan.risfandy@staff.uns.ac.id
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Sebelas Maret Business Review
ISSN : 25280627     EISSN : 25280635     DOI : -
Core Subject : Economy, Science,
SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of article journal presentation. Each article published in SMBR have an outstanding story inside, strong background and contribution, robust analysis and empirical testing, and convincing conclusion and managerial implications. Articles submitted to the SMBR should cover key business disciplines: general management, finance, accounting, marketing, human capital, operations management, entrepreneurship, leadership, strategy, business ethics, Islamic business, and international business. Other topics are welcome, as long as it could stimulate discussions about business. SMBR operate blind review processes for each submitted article to ensure rigorous publishing process.
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Articles 6 Documents
Search results for , issue "Vol 1, No 1 (2016): June 2016" : 6 Documents clear
Combating Smuggling: What Games We Are Playing: An Indonesian Case Study Hidajat Hendarsjah
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1326

Abstract

Intuitively, a person’s behavioral tendency to corrupt seems to follow several incentives that bound with the outcomes. But changes in outcomes’ payoffs do not always directly affect to person behavior. In games with mixed equilibrium presences, probability of actions taken by other parties (in this paper, “to inspect” and “do not inspect”) will alter a person tendency whether “to comply” or “to cheat”, as shown in garment smuggling case in Indonesia. Game theoretic concepts were employed in this paper to perform framework for analysis in describing the actions of interdependent agents. When the game has mixed equilibrium, probability of one player to take one strategic action does not depend on the opponent’s payoffs (i.e. maximum penalty). What does change is the probability of the opponent’s strategic actions.
Gender, Corporate Risk Taking and Performance: Evidence from Indonesia Agista Putri Prameswari
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1426

Abstract

This study examines the effect of gender diversity in the board of director on firm leverage and financial performance. Arguably, the more the proportion of female director on board, the corporate risk taking and performance should be lower. The study uses data of listed firms in Indonesia Stock Exchange over the period of 2010-2014. The results show that the presence of female directors on the board is negatively associated with leverage. The similar result is also found on the effect of female director on the board on firm performance. Results also reveal that education background does not moderate the link between women presence on leverage and performance.
Business Group and Affiliated Firms’ Performance Wisnu Untoro
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1786

Abstract

Some argue that business groups in emerging could be beneficial for affiliated firms. On the other hand, however, group affiliation could also improve performance. In this paper, we empirically examine the impact of being a member of business group on financial performance by studying Indonesian firms over the 2004-2009 period. We test the empirical model using static panel method. Overall, our empirical results do not provide evidence that affiliation with business group could improve performance. However, some business group members perform superior than others.
Cash and Financial Constraints: An Empirical Analysis of Non-Financial Firms Listed in Indonesian Stock Exchange 2005-2014 Sigit S. Wibowo; Stefany Lolyta
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1318

Abstract

This study examines corporate motives to hold cash and its equivalents as forms of financing, by using non-financial public firms listed in Indonesian Stock Exchange (IDX) between 2005 and 2014. Three criteria are employed to distinguish constrained and non-constrained firms namely: KZ index, dividend payment, and firm size. Based on the results of PLS, this study finds that the amount of cash holding is increasing along with the increase of cash flows. This result is consistent for both firm categories based on the previous criteria. However, based on the 2SLS method, cash flow does not affect the cash holdings of the firms with financial constraints. The result of this research shows that firms with financial constraints have strong motivation to hold cash due to lack of access to external financing.
Financial Leverage, International Orientation, And Firm Performance Hanin Rialsa
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1324

Abstract

This paper re-examines the effect of leverage on firm performance by looking at the moderating effect of international orientation. This study uses data ofmanufacturing 93 firms listed in the Indonesian Stock Exchange over the period of 2011 – 2014 resulting in 372 observations. Results show that financial leverage has negative and significant effect on firm performance. Second, international orientation does not significantly moderate the relationship between financial leverage and performance. The more internationally oriented the firms; it does not imply that the effect of leverage on performance should be stronger.
Cash Flow, Profitability, Financial Constraint, and Investment in Indonesia Risal Rinofah
Sebelas Maret Business Review Vol 1, No 1 (2016): June 2016
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1320

Abstract

This study aims to find the effect of cash flow, profitability, and financial constraint on investment decision in Indonesia. Previousstudies have proved that cash flow, profitability, and financial constraint have an effect on company investment level. The utilization of logit regression model to classify the condition of financial constraint and multiple regression on the 123 samples of manufacturing companies during 2012 – 2014 period find that cash flow and profitability has a positive effect on investment level in company that face financial constraint and financial unconstraint company. The moderating test shows that profitability has stronger effect on the investment level that experience financial constraint rather than in financial unconstraint company. Meanwhile, cash flow does not have different effect on financial constraint or unconstraint companies.

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