cover
Contact Name
Dr. Wiwiek Mardawiyah Daryanto, SE-Ak., MM
Contact Email
wiwiek.daryanto@ipmi.ac.id
Phone
+62811894273
Journal Mail Official
ijbs@ipmi.ac.id
Editorial Address
Jl. Rawajati Timur I/1, Kalibata, Jakarta 12750
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
International Journal of Business Studies
ISSN : 25800132     EISSN : 26224585     DOI : https://doi.org/10.32924/ijbs
International Journal of Business Studies (IJBS) is an international open access and peer-reviewed journal published tri-annually in February, June, and October by IPMI Research Center, Sekolah Tinggi Manajemen IPMI. IJBS aimed to provide research articles in order to have a significant implication on the world of business management studies. In addition, IJBS’s primary objective is to bridge the gap between theory and practice in business management. The journal covers a variety of business management topics and original researchers in the following areas such as: Business Economics, Business Ethics, Marketing Management, Finance Management, Operation Management, Strategic Management, Entrepreneurship, Innovation and Competitiveness, Sustainable Development, Human Resource Management, Leadership, Organizational Behavior, Change Management, Risk Management, e-Business, International Business, Knowledge Management, Management Accounting, Management Control System, Management Information System, and Supply Chain Management.
Articles 175 Documents
Differences in Attitudes towards Female Managers: Lessons from Technology Start-Up Companies in Jakarta, Indonesia Daniya Daniya; Risa Bhinekawati
International Journal of Business Studies Vol 3 No 3 (2019): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v3i3.104

Abstract

Despite the perceptions that such technology start-up companies are known as a modern working environment that embraces diversity, the data shows that the number of women in the industry, especially in a senior position, is still lower than men. Naturally, men have a high sense of competitiveness and feel more superior to become managers compared to women; while women sometimes practice self-stereotyping and think they are not capable enough for being a leader. This study aims to investigate differences in the attitude of men and women towards female managers in technology start-up companies. This research applies mixed methods, using “Women as Managers Scale (WAMS)” as indicators in the quantitative data collected from 60 male and 60 female that work in technology start-up companies in Jakarta. WAMS was also used as the basis for interview questions with three men and three women are being interviewed for the qualitative approach. The study finds differences in the attitude between men and women towards female manager in the technology startup companies in Jakarta, Indonesia. Compared to men, women respondents have more positive attitudes in terms female managers’ ability, acceptance, physical constraints and leadership. On the contrary, men respondents view that physical constraints like menstruation and maternity leave would affect female managers’ performance. Theoretically, this study contributes to the knowledge of gender diversity at work in the context of technology start-up companies in Indonesia. Practically, managers can use lessons from this study to develop a more gender balanced strategy for the companies.
HR Roles in Addressing the Challenges of Industry 4.0: Indonesian Employees Cross-Industry Perceptions Ester Lisa Mulia The; Anthonius Whisnu Perdana Widiputra; Maria Jacinta Arquisola
International Journal of Business Studies Vol 4 No 1 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i1.108

Abstract

In light of rapid changes in technology known as Industry 4.0 (IN4.0), this study aims to examine how Indonesian employees perceive the HRM function is being implemented in their organizations using the Ulrich Multiple Roles of HR model, and whether they believe the HR roles are effective to address the challenges of IN4.0. Cross-industry data was collected from 160 respondents representing five priority industries: food and beverages, automotive, electronics, textiles, and chemicals. Through descriptive and factor analysis, results show that the HR function in Indonesia is still widely administrative in nature, and being an agent of change is the least performed HR role. In addition, the results indicated that the HR roles in Indonesia are changing towards a more strategic direction even though the change is slow. HR practitioners must heed the expectations of employees to ensure there are interventions that can be implemented to prepare human capital for IN4.0. This is the first type of research that examined how Indonesian employees perceive the HR roles in Indonesian industries are being performed, adding to the scant literature on HR roles in an Indonesian context, and addressing the need for relevant studies on the impact of IN4.0 and HR roles.
The Mediating Role of Satisfaction in the Relationship between Service Quality and Loyalty: Case Study in PT Asuransi XYZ Indonesia. Roby Nurismartian; Prof. Ir. Hendra Michael Roy Sembel, MBA., Ph.D., CSA
International Journal of Business Studies Vol 4 No 1 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i1.109

Abstract

The objective of this study is to analyze the relationship of service quality on agents’ satisfaction, service quality on agents’ loyalty, and satisfaction on loyalty when they used the insurance portal XYZNet as a digital tools provided by PT Asuransi XYZ Indonesia for their agents’ to increase market share in retail business in Indonesia. Where the portal was facing the challenge of the low number of usage. This study used a quantitative approach, involved 100 respondents which have minimum five times using this portal as samples. The analysis technique used in this study is Partial Least Square (PLS) Structural Equation Modeling (SEM), with the help of SmartPLS version 3.2.8 software. The results indicated that service quality positively influenced agents’ satisfaction, satisfaction also positively influenced agents’ loyalty. However service quality did not significantly influenced agents’ loyalty. The finding also indicated that satisfaction was a significant variable that mediated the relationship between service quality and loyalty. The study gives positive impact to the future researchers to do similar study. Furthermore, the finding could help PT Asuransi XYZ Indonesia and insurance company in general to improve their service quality.
Measuring the Financial Health Performance of Life Insurance Company in Indonesia: Case Study During the Period of Before and After the Implementation of Peraturan Otoritas Jasa Keuangan, Nomor 71 /Pojk.05/2016 Wiwiek Mardawiyah Daryanto; Wawan Rahardianto
International Journal of Business Studies Vol 3 No 2 (2019): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v3i2.125

Abstract

Insurance is simply a risk management by transferring the risk of potential loss to an insurance company. By allowing risk to be spread among a large group of people, everyone will take benefits from insurance. Therefore, selecting strong insurance company is important to make sure that your sum assured or claim will be paid according to the policy term and condition. This research aims to measure, analyze, and compare the financial health performance of public listed life insurance companies in Indonesia namely PT Prudential Life Assurance (PLA) and PT AIA Financial (AIA) from 2013 to 2018 (temporary unaudited) by using 5 financial health aspects such as Solvability Level, Technical Reserve, Investment Adequacy, Equity and Guarantee Fund as regulate by The Financial Services Authority (Otoritas Jasa Keuangan – OJK) through POJK No.71/POJK.05/2016. This research is using descriptive analysis and paired t-test to validate the differences of financial aspects during the period of before (2013-2015) and after (2016-2018) the regulation issued. The results of this study show that PLA was performing the best for solvability level, equity and guarantee fund. And PLA must enhance the performance strategy for technical reserve by gaining more premium reserves, reserve claims, reserves on PAYDI and for investment adequacy need to add more non-investment cash saving in banks reserve with the adequacy amount higher than PLA technical reserves.
Determinant That Effect on Fraud Detection Capabilities by Auditors Anita Wahyu Indrasti S. E, M. Akt; Conni Novita Sari
International Journal of Business Studies Vol 3 No 2 (2019): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v3i2.128

Abstract

This study aims to determine the effect of professional skepticism, auditor experience, whistleblowing and red flags on the ability to detect fraud by the auditor. The population in this study is the auditor who works at the Public Accounting Office (KAP) in the South Jakarta area. The sampling technique uses convenience sampling. This research data was obtained from a questionnaire that had been previously shared with the auditors working at the Public Accounting Firm in the South Jakarta area. The type of data used is primary data. The method of data collection is a survey, using a questionnaire. The analysis tool uses multiple linear regression. The results showed that the experience of auditors, whistleblowing and red flags did not significantly influence the ability of fraud detection by auditors, whereas professional skepticism had a significant effect on the ability to detect fraud by auditors. The value of the determination coefficient obtained is 0.236, which means that the independent variables used in this research model are able to explain 23.6% variation in the dependent variable and the remaining 76.4% is explained by other variables outside of this study.
The Effect of Financial Leverage, Company Sizes, Basic Earning Power and Activity Ratio to Earning Per Share Berlian Karlina; Muhamad Rifki Ramadhan
International Journal of Business Studies Vol 3 No 3 (2019): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v3i3.135

Abstract

The purpose of this research is showed to know the effect of Financial Leverage, Firm Size, Basic Earning Power and Activity Ratio to Earning Per Share on manufactured companies automotive and components sub-sector that listed on Indonesian Stock Exchange period 2013-2017. Sampling is done by purposive sampling method. The population in this research were 13 companies and the sample used were 12 manufacturing companies of automotive and components sub sector that listed on Indonesian Stock Exchange period 2013-2017. The method used in this research is hypothesis testing method. The analytical tool used is multiple linear regression analysis tested by using Program SPSS version 20 and Microsoft Excel 2016. The data used is secondary data in the form of complete financial statements during research period. The result of this research shows that Financial Leverage, Firm Size and Basic Earning Power have an effect to Earning Per Share. While Activity Ratio has no effect to Earning Per Share.
Comparison of Financial Performance Buku III Indonesian Banks Using Risk-Based Bank Rating (RBBR) Method: Case Study of PT. Pan Indonesia Bank, Tbk (Panin) and PT. Bank Mega, Tbk (Mega) Wiwiek Mardawiyah Daryanto
International Journal of Business Studies Vol 4 No 1 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i1.139

Abstract

Indonesia has experienced economic crisis in 1997/1998 and 2008, these events motivate the government to have a strong assessment to evaluate the financial health of the company. Related to the banks industry, government of Indonesia through Financial Service Authority or Otoritas Jasa Keuangan (OJK) issued the Circular Letter of OJK No. 14/SEOJK.03/2017 about Risk-Based Bank Rating (RBBR) approach that include the evaluation of risk profile, good corporate governance, earnings, and capital. The purpose of this study is to assess the financial health of the two open recorded non-expressed claimed BUKU III banks in Indonesia, which are Bank PT. Pan Indonesia Bank, Tbk (Panin) and PT. Bank Mega, Tbk (Mega) from year of 2014 to 2018. The methodology used is RBBR approach concerning the Rating of Health of Commercial Banks. The data were collected from the yearly report of the banks, fiscal reports, diaries, and articles of PT. Bank Mega and PT. Bank Panin. During the five year trend, the result of this study reveals that the two banks have performed well. However, Bank Mega has performed better in terms of Loan to Deposit Ratio (LDR) compared to Bank Panin. This study has added the knowledge in the financial literature. It also brings benefit for managers to help them make a better decision to address their company’s problem.
The Impact of Entrepreneurial Orientation of Social Entrepreneurship Towards Social Capital and Organization Performance: A Case Study Of Precious One Vera Andriana Rakhmani; Risa Bhinekawati
International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i2.106

Abstract

Social enterprise which empowers disabilities is growing in Indonesia. Precious One (“P-One”) is one of them. Started as a non-profit organization, P-One has been successfully converting itself into a profitable social enterprise. This study is fully focused on P-One because there’s concern from the founder on the organization performance, where even though they are growing and profitable, it’s not as fast as they are expected. Also, there is lack of literature on the relationship between social entrepreneurship, social capital, and organization performance. Therefore, this study aims to investigate the impact of social entrepreneurship and social capital on the organizational performance and to provide recommendation to the founder. The study employed mixed-method sequential explanatory strategy. This approach is performed by exercising quantitative method and followed by qualitative method. The data were gathered through questionnaires and interviews, and were then examined to see the causal relationship between defined variables by using Structural Equation Model (SEM). The research found that social entrepreneurship has significant influence on social capital and organizational performance, and social capital has significant impact on organization performance. This study provides an understanding on the correlation between social entrepreneurship, social capital, and organization performance, especially for social enterprise which empowers disability. Social entrepreneurs, especially P-One founder will have better understanding of the key factors which will impact on their performance. Further study shall expand the sampling size and add more variables in the research to generate more precise result. Including financial measurement as an indication of organization’s success would also be beneficial to give more accurate result.
The Impact of Entrepreneurial Orientation of Social Entrepreneurship Towards Social Capital and Organization Performance: A Case Study Of Precious One Rakhmani, Vera Andriana; Bhinekawati, Risa
International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i2.106

Abstract

Social enterprise which empowers disabilities is growing in Indonesia. Precious One (“P-One”) is one of them. Started as a non-profit organization, P-One has been successfully converting itself into a profitable social enterprise. This study is fully focused on P-One because there’s concern from the founder on the organization performance, where even though they are growing and profitable, it’s not as fast as they are expected. Also, there is lack of literature on the relationship between social entrepreneurship, social capital, and organization performance. Therefore, this study aims to investigate the impact of social entrepreneurship and social capital on the organizational performance and to provide recommendation to the founder. The study employed mixed-method sequential explanatory strategy. This approach is performed by exercising quantitative method and followed by qualitative method. The data were gathered through questionnaires and interviews, and were then examined to see the causal relationship between defined variables by using Structural Equation Model (SEM). The research found that social entrepreneurship has significant influence on social capital and organizational performance, and social capital has significant impact on organization performance. This study provides an understanding on the correlation between social entrepreneurship, social capital, and organization performance, especially for social enterprise which empowers disability. Social entrepreneurs, especially P-One founder will have better understanding of the key factors which will impact on their performance. Further study shall expand the sampling size and add more variables in the research to generate more precise result. Including financial measurement as an indication of organization’s success would also be beneficial to give more accurate result.
The Barriers and Challenges of Corporate Governance in Jordanian Companies: An Evaluation of the Reality of Corporate Governance in Jordan Houda Qasim Aleqedart
International Journal of Business Studies Vol 4 No 2 (2020): International Journal of Business Studies (IJBS)
Publisher : Sekolah Tinggi Manajemen IPMI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32924/ijbs.v4i2.136

Abstract

This paper aimed to identify and analyze the obstacles and challenges facing the implementation of corporate governance in Jordanian companies by using collecting data from books, periodicals, previous research and interviews to access answers to questions of research. The qualitative research method and interviews have been conducted to obtain different answers to the research questions. The paper compared the data collected from articles and interviews in order to examine the extent of compliance of Jordanian legislation and companies with the principles of corporate governance. The paper concluded that there is a unanimous agreement that corporate governance is a critical factor in corporate success. However, there are restrictions and barriers that hinder the progress of good practices of corporate governance. Furthermore, there is no general implementation of the concept in its entirety, this may be because the rules of corporate governance are indicative and non-binding as they aim to raise the level of management in companies and protect the rights of shareholders. Therefore, it is necessary to recommend here to adopt this issue in future research by studying how to overcome these barriers, which may positively affect companies.

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