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maj@mail.unnes.ac.id
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Journal Mail Official
maj@mail.unnes.ac.id
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Department of Management, Faculty of Economics and Business, Universitas Negeri Semarang
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Kota semarang,
Jawa tengah
INDONESIA
Management Analysis Journal
ISSN : 22526552     EISSN : 25021451     DOI : https://doi.org/10.15294/maj
Core Subject : Economy,
Management Analysis Journal (MAJ), provides a forum for the full range of scholarly study of the language and literature.
Articles 4 Documents
Search results for , issue "Vol. 13 No. 2 (2024): Management Analysis Journal" : 4 Documents clear
Optimal Portfolio and the Integrated Strategy Purwanto, Budi; Prima Respati; Nanda Karunia Amanah
Management Analysis Journal Vol. 13 No. 2 (2024): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v13i2.8261

Abstract

The concept of an optimal portfolio is fundamental to investment management, focusing on maximizing returns for a given level of risk. Modern Portfolio Theory (MPT), introduced by Markowitz, has significantly transformed the understanding of risk and return, highlighting the importance of diversification. Nevertheless, constructing an optimal portfolio is a continuous process that demands adaptability and a thorough comprehension of financial markets. This study investigates various approaches, including sectoral, regional, and contrarian stock-based strategies, as well as rebalancing techniques. Additionally, it examines the role of Islamic financial instruments in portfolio management. The results emphasize the necessity of dynamic portfolio management, considering market conditions and the specific objectives of investors. By developing hypotheses and conducting empirical research, this study offers practical insights for investors aiming for optimal performance across different market scenarios. The research underscores the importance of aligning portfolio strategies with changing market dynamics and investor goals, ensuring that portfolios remain well-positioned to achieve desired outcomes. The study’s comprehensive analysis of diverse strategies and instruments provides valuable guidance for investors in navigating the complexities of the financial markets and achieving sustainable investment success.
Does the Role of Career Adaptability and Career Development Influence Employee Performance at Legal Universitas Negeri Semarang Mursidah, Siti; Khoiruddin, Moh; Septantri, Lidiadni
Management Analysis Journal Vol. 13 No. 2 (2024): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v13i2.8776

Abstract

This study aims to examine the role of Career Adaptability and Career Development in enhancing employee performance within the context of higher education transformation. Research focusing on organizations undergoing continuous change remains limited. Change management is a critical issue for such organizations. Universitas Negeri Semarang (UNNES), as an example of higher education undergoing structural transformation into a Legal Entity State University (PTN-BH), serves as the context for this study. Specifically, this research explores the impact of career adaptability on employee performance at UNNES. Currently, there is a lack of research on career development that specifically focuses on higher education institutions transitioning to PTN-BH. Key issues addressed in this study include career dynamics within continuously evolving organizations. The research adopts a quantitative approach with a causal design. The  sampling  technique  in  this  study  is  using random sampling where sampling is done randomly regardless of the strata in the population.  The  sample  of  this  study  amounted  to  138  people  (20%)  of  all employees of Universitas Negeri Semarang. In this study, surveys were used as a method of data collection. Data analysis techniques in this study used descriptive and statistical methods. The findings of this study indicate that the factor that plays a role in influencing employee performance at Universitas Negeri Semarang is career adaptability. Meanwhile, career development does not influence  employee  performance.  Meanwhile,  career  adaptability  and  career development together have a significant impact on performance. Thus, employee adaptability with a comfortable work environment designed to build trust between employees,  share  knowledge  and  skills  to  support  continuous  learning  and improve employee performance is needed.
Impact of Task Variation and Job Knowledge on Employee Performance Through Value of Service Prasetyawan, Agung; Junaidi, Achmad; Irawati, Marsha Ayunita; Subekti, Heny
Management Analysis Journal Vol. 13 No. 2 (2024): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v13i2.18896

Abstract

This research aims to analyze the influence between task variation and knowledge of the job on employee performance using the value of services as the moderating variable. This research tries to fill the inconsistency of previous research findings and fill the existing literature gap. This research uses 133 active employees from Pemerintah Kota Semarang, that are collected by purposive sampling method. This research is quantitative research using Structural Equation Modelling (SEM). The result shows that task variation has a significant and positive influence on the value of service, but is not significant on employee performance. Furthermore, knowledge of a job has a positive and significant influence on the value of services and employee performance. This research also concludes that the value of service has a positive and significant mediate influence on employee performance.
Non-Linear Effects of Political Connections on Corporate Investment and the Moderating Role of Cash Holdings in Indonesian SOEs Wicaksari, Erisa Aprilia; Rini Setyo Witiastuti; Kris Brantas Abiprayu; Nabila Rifa Hanifah
Management Analysis Journal Vol. 13 No. 2 (2024): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v13i2.31681

Abstract

This study investigates the complex relationship between political connections and corporate investment, focusing on state-owned enterprises (SOEs) in Indonesia during the period 2018–2021. Drawing on agency theory and political economy frameworks, the research proposes a non-linear (inverted U-shaped) effect of political ties on firm-level investment decisions. Furthermore, the study examines the moderating role of cash holdings, positing that financial slack amplifies both the benefits and drawbacks of political affiliations. Using panel regression models with fixed effects, the analysis reveals a significant inverted U-shaped relationship between political connection intensity and investment levels, confirming the hypothesized non-linearity. Additionally, interaction terms show that cash holdings strengthen this non-linear pattern: firms with higher cash reserves are more sensitive to both the enabling and distortionary effects of political connections. These findings are robust to alternative specifications and contribute to the understanding of political capital’s nuanced role in corporate finance, especially within hybrid political-economic systems like Indonesia’s. The results suggest that while political connections may serve as strategic assets under certain conditions, they can also generate inefficiencies when unchecked.

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