cover
Article Per Year (5 Year)
All
Home Page
OAI Link
Editorial Team
Contact
Reviewer
Google Scholar
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kota bandung,
Jawa barat
INDONESIA
Journal of Business and Management
Published by Institut Teknologi Bandung
ISSN : 22523898     EISSN : 22523308     DOI : -
Core Subject : Science,
Decision Sciences, Operations Research & Management
Journal of Business and Management (JBM)is an online journal that is published three times a year. It publishes research papers that give rigorous theoretical and practical insight of business and managament. JBM aims to provide a forum for the dissemination of theory application and research in all areas of business and management, including but are not limited to marketing, business strategy, decision science and decision-making, strategic negotiation, finance, business risk, knowledge management, human capital management, technology management, entrepreneurship, and others relevant subjects. It is intended for researchers, students, business practitioners, and entrepreneurs to publish their ideas and experiences, and share their knowledge on business and management issues.
Arjuna Subject : -
Articles 10 Documents
 1 
Search results for , issue "Vol 4, No 5 (2015)" : 10 Documents clear
The Relationship Between Fundamental Factors and Stock Return: A Case Based Approach On Banking Companies Listed In Indonesia Stock Exchange Abdulmannan, Adamilyara Aqil; Faturohman, Taufik
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (298.684 KB)

Abstract

Abstract: This study investigates the relationship of various fundamental factors in determining the stock price in Indonesia Stock Exchange (IDX). It consists of 22 listed banking companies under banking sub-sector in Indonesia Stock Exchange (IDX). This aim of this study is to figure out the relationship between stock price and companies performance, which include earning per shares (EPS), dividend per shares (DPS), fixed assets to total assets (FA/TA),  return on assets (ROA), and return on equity (ROE)  towards long term stock price changes. This paper is using annual data that gathered from company’s financial annual report from 2005 to 2013. This study focused on the banking sub-sectors listed in Indonesia Stock Exchange. This study uses multiple regression analysis as a method for deeper understanding and analysis. This research found that there are not statistically significant relationship between chosen fundamental factors toward stock return. This study also expected to contributes for helping the investor in investing their valuable assets to stock market especially in banking sector. This research is quite interesting due to the topic research in Indonesia’s context. Keywords: Indonesia Stock Exchange, Stock Return, Fundamental Factors, Multiple Regression
Efficiency of Islamic Banking Compared to Conventional Banking: Evidence from Indonesia Banking Sector Pradiknas, Tiyo Yoga; Fathurohman, Taufik
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (186.23 KB)

Abstract

Abstract - Islamic banks today have rapid growth around the world. According to Solé (2007), Islamic banks exist not only in the countries that have a majority Muslim population, but also countries where Muslim are not predominant. From Indonesian Banking Statistics data in 2004-2013, Islamic banks have higher LDR than conventional banks. The main issue in this research is whether Islamic banks can maintain their efficiency while they increasing their performance. The hypothesis of this research is the efficiency of Islamic banking is higher and statistically significantly different from conventional banking. This research uses output-oriented VRS DEA model with asset approach to measure efficiency. Then, Mann-Whitney test used to compare the DEA results since the results show non-parametric data. Lastly, Spearman’s correlation will be applied in order to analyze the relationship between loans to deposit ratio with the efficiency of both types of the bank. The DEA and Mann-Whitney test results prove that Islamic banking is significantly different and more efficient than conventional banks in the period of 2004-2013. It proved by DEA results in 2005, 2010, 2011, 2012, and 2013. In these years, Islamic banks are statistically significant more efficient than conventional banks. Then this result was supported by single-multi year efficiency that proved that Islamic banks are significantly different and more efficient than conventional banks. The Spearman’s correlation findings identifies there is significant correlation between LDR and efficiency of both types of bank at significance level 0.01. The Spearman’s correlation coefficient is 0.293, which means there is a weak relationship between LDR and efficiency of both types of the bank. This research’s results can be used as consideration for the government to assign Islamic banks to support real sector since Islamic banks allocate most of their fund to financing (lending) products. Furthermore, intermediary and production approach can be considered to apply in the future research to get better insight. The lack of explanation why Islamic banking is significantly different and more efficient than conventional banking can be a topic of the future research. Keywords: asset approach, Data Envelopment Analysis (DEA), efficiency, Islamic banks
Project Effectiveness Improvement: A Case Study in Indonesia Aerospace Inc. Manalu, Zulia; Lestari, Yuliani Dwi
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (229.539 KB)

Abstract

Abstract. Project management is important and powerful tool in global business because increasingly technically complex products and processes, vastly shortened time to market demand, and the need for cross-functional expertise. PT X is aircraft industry with complex product with millions of individual components and many dependencies. The project success can achieve the customer and contractor objectives of a project, and getting the job done within the constraints of time, cost and quality. The company is delayed delivery Tail boom to Airbus Helicopter. It makes customers give complaints related to the performance of company. CPM used to analyze the project planning. After decide the method for evaluate the planning project, we must clustering 455 elementary part into activities in process production Tail Boom. PERT analysis is used when the duration of activities are not known with certainty, calculated expected time using scenario base of PERT. The expected time will use in new critical path diagram for calculate total time in actual or reality at the time happen the problems of delayed delivery Tail boom. Project Crashing used for compare the project planning and actual to know the appropriate project management. Keywords: Project Management, Project success, Critical Path Method (CPM), Project Evaluation and Review Technique (PERT), Project Crashing. 
Willingness to Pay Towards Healthier Bakery Product: Application of Health Belief Model Syahputri, Nabila; Aprianingsih, Atik
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (176.597 KB)

Abstract

Abstract. Food consumption patterns are rapidly changing nowadays as a result of environmental issues, nutritional value concern of food, and health issues. As the interest of healthy lifestyle in Indonesia is on the rising, it is still unknown the specific customer reference in a particular food. The researcher put interest in the further investigation about a healthier alternative on bakery foods. This research aimed to assess the willingness to pay towards healthier bakery product using Health Belief Model as the research framework. The research was using eight main construct of Health Belief Model, which is Perceived Barriers(PB), Perceived Susceptibility(PS), Perceived Severity(PSE), Perceived Benefit(PBE), Self Efficacy(SE), Cues to Action(CA), General Health Orientation(GHO), Willingness to Use (WTU) and also Willingness to Pay(WTP) as the extension as the model to construct an 45-item questionnaire to assess respondent’s willingness to pay towards healthier bakery product in Bandung in particular. Using non-probability sampling method, the questionnaire was spread to 150 respondents in Bandung with age 18-34. After the responses screened and proved valid and reliable, it was analyzed using Path Analysis to investigate the relationship between variable. The results of this research reveal that the there are three variables which is Perceived Severity, Perceived Benefit and General Health Orientation that make significant relation to Willingness to Use as well as Willingness to Use also make significant relation to Willingness to Pay. Not all of the hypotheses in this research are supported by the result. However, the result related to the previous study by Masoud et al. (2014). The implications of this research from both practical and theoretical aspect are discussed for the entrepreneurial suggestion as well as for future research.  Keywords: Willingness to Pay, Health Belief Model, Health 
Feasibility Analysis of New Priok Port Project Phase 2 by Indonesia Port Corporation II Jayanthi, Gina Dwi; Damayanti, Sylviana Maya
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (185.546 KB)

Abstract

Abstract. Indonesia Port Corporation II (IPC) is a state-owned enterprise (SOE) that is involved in port and harbor services in ten provinces of Indonesia. Currently, the state company seeks expansion through changes in its strategic approach in order to become a world-class port operator. In order to become a world-class port operator and solve the overloaded dock in Indonesia, IPC develop and built Project New Priok Port. The complete New Priok Port project is divided into two phases. The first phase will be in total area 268 hectare, Phase II will be in total The phase 2 will be in total 300 ha, that will be built 4 containers terminal. Phase 2 become important stage since phase 1 considered not enough to handle the excess demand of the container terminal as the growth of the country by each terminal increasing 2,000 TEU/years and also in order to be a world-class port operator, phase 2 will be the trigger for Indonesia’s port to attract international vessels because it makes Tanjung Priok able to handle foreign large vessels.  Literature study and financial analysis methods used in this research are cash flow, Net Present Value (NPV), Internal Rate of Return (IRR), Weighted Average Cost of Capital (WACC), Capital Asset Pricing Model (CAPM), and Payback Period (PBP). Result of this analysis paper implies the feasibility of the New Priok Port Project Phase 2 and benefit for IPC II. The analysis turn out to the positive NPV, bigger IRR than WACC, sooner pay back period than economic value and the positive profitability index. This project is economically feasible and recommended to be conducted to generate profit, fulfill the demand, and to be a world-class port operator. Keywords: Cash Flow, NPV, IRR and Payback Period
Analyzing the Relationship Between Transformational and Transactional Leadership Style on Employee Performance in Direktorat Jenderal Pajak Jawa Barat I Widayanti, Anindya Tiara; Putranto, Nur Arief Rahmatsyah
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (207.446 KB)

Abstract

Abstract. In this century, the business worlds become more competitive. Both private and public organization should be able to organize and process all of the resources effectively and efficiently to get optimum performance (Hasibuan, 2004). Douglas (1996) explained that a company needs employees who has high performance, so it can help company to achieve its goals. In private company such as PT. TX Bandung, maximum employee performance is needed because it can help company to be develop. One of the factors that can motivate employees and increase their performance is the leadership style of the leader. Organization needs a leader who is capable to get their vision and mission together. Researcher interested to analyze the relationship between transformational and transactional leadership, which have impact to the employee performance. The objective of this research is to find the relationship between transformational and transactional to employee performance and to find the significant relationship between those variables. The result of the analysis shows that transformational and transactional leadership style has positive relationship to the employee performance. Transformational and transactional leadership also has significant effect to employee performance, either partially or concurrently. This study recommends that leader in the office have to increase their attitude in encouraged, motivated, gives supports and recognition, and providing rewards to the subordinates. Thus, employees are expected to become more optimal in performing the jobs. Keywords: Transformational Leadership, Transactional Leadership, Employee Performance
Exploration in Start-Up Organization through Qualitative Content Analysis Djati, Adhi Waluyo; Febriansyah, Hary
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (129.838 KB)

Abstract

Abstract — A startup organization is a recently made organization that is in the development stage and still looking into the potential markets. Every startup has its own plan of action and different structures. The objects of the research are Goodism (est. 2013), Woodka (est. 2013) and Humblezing (est. 2010). This research is a qualitative study which uses one of the organizational development theories, which is appreciative inquiry (AI) which focuses on the organization’s learning and positive presumption from its member. Job design factor and performance management system components are the literature that will be guided this study. Moreover, the researcher position in this research is the conductor of the appreciative inquiry method. Data collection is using the qualitative approach, which are semi-structured interview. The data will be collected through doing the semi-structured interview with the Board of Directors’ in each company. The questions that will be answered by the Board of Directors’ are following the appreciative inquiry processes. The data analysis is using the qualitative content analysis with deductive approach. This research finds that in making the job design, Goodism should decide the objectives that will be attained in the working period, every member has to decide their own portion of work, the member is working based on their interest, also the implementation of working hour and rotation between divisions seen as appropriate to be implemented. In making performance management system, Woodka should consider that every member should be involved in planning the target and deadline and relating their own activities which interconnected with other activities, monthly review seen as the appropriate one because it can be customized with the production schedule, implementation of feedback can be face-to-face and the reward system that may be conducted is rewarding the good performance punishing the bad performance by the member. In making the performance management system, Humblezing should consider that the control system to the job that is ongoing is essential, the target and deadline can be derived from the company’s objective and the measurement of the performance and return for a job should be clear, monthly & weekly review can be done to detect the problem in a job faster and every member has got to know the other member’s work progress, and monetary (such as bonus salary) and non-monetary (such as member trip) compensation may be conducted.Keywords: organizational development, appreciative inquiry, job design, performance management system
Customer Attitude Towards Loyalty Card of Budget Hotel in Bandung Hefimaputri, Revi Adelia; Indriani, Mia T. D.
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (181.671 KB)

Abstract

Abstract. The increasing number of hotels in Bandung would lead to the tight competition. To survive the competition, one of the strategies is retaining the customer through loyalty card. However, it is very common to find budget hotel loyalty card which is similar to Luxury hotel. From previous research findings, it is found that offering a single loyalty card to customers that patronize different hotel segments could result in the failure. Therefore, budget hotel need to know what kind of loyalty card is customer really like and prefer that could be measured by calculating customer attitude towards loyalty card of budget hotel. By using Fishbein Multi-attribute Attitude Mode, this research aims to measure and quantify customers’ attitude. Variables of the research are resulted based on combining the result of previous research about hotel loyalty card and customer loyalty. The result of Fishbein Multi-attribute Attitude measurement is + 529.07 or can be translated to positive attitude. Moreover, Above all features, Discount Room Rates has the highest evaluation score which is considered as the most desirable and important to the customer. As recommendation to hotel business, since budget hotel customer are very conscious about price, for further business development, the management should emphasize price and value consideration of its loyalty card features, its benefits, and pricing to make the features attractive. Keywords: budget hotel, loyalty card, customer attitude, Fishbein Multi-attribute.
Financial Performance Analysis Related to National Fertilizer Company Mukti, Turas Hari; Damayanti, Sylviana Maya
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (125.649 KB)

Abstract

The increasing number in population means higher demand for food. Threats in agricultural production such as pests, loss of soil fertility and lack of nutrients may result in low percentage of plants to harvest. If these problems are not addressed, there would not be enough crops which compose a big fraction of our food supply to sustain the needs of the people. Hence, the importance of using fertilizers rises. Fertilizers are substances containing chemical elements such as mixture of nitrates that improves the growth of plants. Based on Fertilizer Outlook 2010 -2015 from Fertilizer Industry Association (IFA), production of cereals and oilseeds is projected to expand steadily from 2010 until 2015, with higher growth rates for soybean and maize vs. wheat and rice. Yield improvements would dominate the outlook. Some area expansion is seen in countries with abundant land and water resources, such as Brazil, Indonesia and Russia. 
Right Issue and Dilution Matters in Banking Equity Market: Study of PT Bank Mandiri (Persero) Tbk Albar, Arasyan; Nugroho, Anggoro Budi
Journal of Business and Management Vol 4, No 5 (2015)
Publisher : Journal of Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Abstract. Banking industry has specific regulation on their capital requirements according to Basel Accord agreements that bank must keep their amount of capital balanced with the total risk assets in lots of requirement criteria especially Capital Adequacy Ratio (CAR). In order to fulfil this requirement, the only way banks could raise fund with capital is Initial Public Offering (IPO) for the unlisted company and Right Issue for listed company. Since PT. Bank Mandiri (Persero) Tbk, is the biggest assets bank in the country, the only way to rise this source funding is right issue if they want to maintain their amount of capital. Right issue is preemptive right for the investor to keep their ownership percentage to prevent it from share dilution as the company raised more shares to the market. However, not everyone is aware of the possibly wealth dilution as the rising amount of shares sold at the lower price where at this research commonly called “value dilution”. The research objective is to determine how variables in right issue are interacting, Bank Mandiri’s value of right issue and the value dilution as well (with comparison with similar industry at the same year), value dilution  factors that determine value dilution of right issue decisions, also the forecast of future right issue on Bank Mandiri’s plan in 2018. Theoretical right price and theoretical ex-right price have been used as the base of formula and calculation in the research developed with simulation of various number of independent variable such as subscription price and exchange ratio to find result in the correlation of these variables to the value dilution. Also, forecast of following Bank Mandiri’s right issue in 2018 used the same formula but through different process where the current price in the future has to be estimated first and the number of issued share has to be determine to forecast the possibly value dilution and choose the best combination of subscription price and exchange ratio. Findings on this research reveal that Bank Mandiri has the highest right value and total wealth value dilution among the other similar industry company that done the similar corporate action at the same year (2011, compared with Bank Bukopin, Bank Danamon, and Bank QNB) while the share exchange ratio (N) is determining factor for the value dilution as the new share calculation in fraction result will affect the existence of value dilution. If the N resulting fraction number of new shares, subscription price will make the bigger value dilution as it going lower than the current market share. However, despite of value dilution increase it makes the right value increasing as well. Recommendation of following right issue in 2018 for Bank Mandiri is they can set the price of the subscription price between Rp8,562 to Rp17,425 per share if assumed they raise the amount of new share same as the right issue before in 2011 where they issued 2.336 billion of shares (so the N would be 9.889). However if company decided not to raise the amount of share same as previous right issue, company can issue 1,538,461,538 shares (with ratio 100 for 1501 shares) with the subscription price in Rp13,000. Keywords: Right issue, Bank Mandiri, BMRI, Theoretical Right Price, Theoretical Ex-Right Price.

Page 1 of 1 | Total Record : 10

 1 

Filter by Year

2015 2015


Reset
Filter By Issues
All Issue Vol 11, No 3 (2022) Vol 11, No 2 (2022) Vol 11, No 1 (2022) Vol 10, No 3 (2021) Vol 10, No 2 (2021) Vol 10, No 1 (2021) Vol 9, No 2 (2020) Vol 9, No 1 (2020) Vol 8, No 3 (2019) Vol 8, No 2 (2019) Vol 8, No 1 (2019) Vol 7, No 3 (2018) Vol 7, No 2 (2018) Vol 7, No 1 (2018) Vol 6, No 3 (2017) Vol 6, No 2 (2017) Vol 6, No 1 (2017) Vol 5, No 6 (2016) Vol 5, No 5 (2016) Vol 5, No 4 (2016) Vol 5, No 3 (2016) Vol 5, No 2 (2016) Vol 5, No 1 (2016) Vol 4, No 10 (2015) Vol 4, No 9 (2015) Vol 4, No 8 (2015) Vol 4, No 7 (2015) Vol 4, No 6 (2015) Vol 4, No 5 (2015) Vol 4, No 4 (2015) Vol 4, No 3 (2015) Vol 4, No 2 (2015) Vol 4, No 1 (2015) Vol 3, No 8 (2014) Vol 3, No 7 (2014) Vol 3, No 6 (2014) Vol 3, No 5 (2014) Vol 3, No 4 (2014) Vol 3, No 3 (2014) Vol 3, No 2 (2014) Vol 3, No 1 (2014) Vol 2, No 4 (2013) Vol 2, No 3 (2013) Vol 2, No 2 (2013) Vol 2, No 1 (2013) Vol 1, No 5 (2012) Vol 1, No 4 (2012) Vol 1, No 3 (2012) Vol 1, No 2 (2012) Vol 1, No 1 (2012) More Issue