International Research Journal of Business Studies
International Research Journal of Business Studies (IRJBS) comprises three constructs. The word “International” refers to our mission to provide readers with relevant fields of study and to involve authors in giving their contributions on an international scale. ”Research Journal” refers to our aim to function as a medium to disseminate research findings regardless of methodological differences. ”Business Studies” refers to the boundary of the fields of studies that we serve i.e. encompassing all disciplines and paradigms related to the studies of any facet of the business. Aim The primary objective of IRJBS is to bridge the gap between theory and practice in the area of business studies by presenting the results of an empirical study, including rigorous research methods, and providing managerial implications to the readers. Scope The IRJBS welcomes manuscripts in business management, which include the areas of strategic management, marketing management, finance management, organization, human resources management, and operations management. Starting Volume 13, Number 2 (2020), IRJBS publishes high-quality articles/papers using rigorous research with questions, evidence, and conclusions that are related to corporate management studies and recent trends that are relevant to business management scholars and business practitioners. More specifically, the IRJBS seeks to publish papers that ask and help to answer important and interesting questions in managing the corporation, develop and/or test theory, replicate prior studies, explore interesting phenomena, review and synthesize existing research, and evaluate the many methodologies used in the corporate management field. We welcome manuscripts in corporations within one geographic and/or across the geographic and business spectrum which include but are not limited to corporate strategy, corporate governance, corporate organization, and human capital, corporate finance, corporate marketing, and the operations aspect of the corporation. We appreciate a diverse range of research methods and are open to papers that rely on statistical inference, qualitative data, verbal theory, computational models, and mathematical models
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Dampak Rumor Terhadap Volatilitas Harga Saham: Studi Empiris di Bursa Efek Indonesia
Rijanto, Y. Arief
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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DOI: 10.21632/
«Buy on rumor, sell on news» strategy is common trading strategy done by the investor. This strategy contains a higher risk associated with the change of stock price volatility. This empirical study aims to explore the impact of rumors on stock prices by analyzing the changes in volatility patterns during circulation of rumors. This volatility patterns indicate a change in stock price trend due to rumors. The possibility of stock price movement will occur and turn stock price trend up or down. The volatility patterns that occurred in the general period compared with the rumors period. This study uses intraday stock price data (15-minute) during the 2007-2009 and rumors circulation period. Asymmetric GARCH and Treshold GARCH model is used to analyze an asymmetric or symmetric volatility pattern. Results showed that volatility pattern transformation during rumor circulation is different for different types of stocks. The impact of rumors on each stock is different. Rumors are not always increase stock price volatility and clustering. And the changes in volatility pattern due to rumors do not always trigger the stock price movement (trend) to rises or falls. As the result, the strategy implementation of «buy on rumor, sell on news» will be different for each stock and need to be adjusted with the volatility pattern of each stock (asymmetric or symmetric). It creates more uncertainty and risk. But, it also makes more opportunity in stock abnormal return.
Pengaruh Motivasi pada Kinerja Belajar: Pengujian Terhadap Sebuah Model
Nilawati, Levi;
Bimo, I. Dwinanto
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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Academic success predictor consists of cognitive measurement, mental intelligence and noncognitive measurement such as personality traits. The desire to accomplish study on time with satisfying achievement is a motivation to study for students. This impetus is a crucial factor for proactive students to attain academic performance. Even if a student has a high intelligence level,without learning motiviation, he or she most likely will fail. Studies of the influence of proactive personality traits on learning performance have received little attention. This research developed and tested a model linking proactive personality to learning performance through a learning motivation by surveying a sample of 272 economics students from a private university in Jakarta. Results from simple regression showed that proactive personality was related to learning performance and learning motivation. Then, learning motivation was related to learning performance. Hierarchical regression analysis demonstrated that learning motivation wasn’t mediating the relationship between proactive personality and learning performance. Future research direction and practical implication (for business) of the result are discussed.
Manajemen Stratejik Sebagai Proses Manajemen Keterdesakan
Kristamuljana, Sammy
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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Nowadays firms are being confronted with a very different kind of urgency situation than they have ever encountered before. The demand to maximize profit now comes along with a call for social responsibility and the effort to minimize the effect of the climate change. Still, there is not a single text-book on Strategic Management that mentions that the “urgency” management process is more appropriate than the “strategy” management process. Most of the textbook still identify Strategic Management with the strategy management process based on the uniformed steps: “Strategic Analysis, Strategy Formulation, Strategy Implementation, and Strategy Evaluation”. However, in reality, the number of firms that have failed to implement strategy keeps rising. To overcome the limitation of the strategy management process we need the urgency management process. Literature study has identified that there is urgency behind every strategy. The conducted case study research has succeeded in revealing the abovementioned urgency management process. The theory of urgency management process suggests that by managing the seven forces that generate the urgency the strategic leaders can generate the proven strategies to overcome the urgency.
Pengaruh Orientasi Pasar, Intellectual Capital, dan Orientasi Pembelajaran Terhadap Inovasi: Studi Kasus pada Industri Hotel di Jawa Timur
Anshori, Mohamad Yusak
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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The purpose of this study was to examine direct and indirect effects of the market orientation, intellectual capital, and learning orientation of the managers on innovation as well was as hotel performance. This study was done at in four and five star hotels in East Java. The respondents were General Manager or Executive Members. The respondents were 180 managers of the 23 four and five star hotels in East Java. It was examined by using SmartPLS 1.01 and reliability was checked using SPSS program Version 14.00. The study showsed that there were significant relations between the ability of the managers in understanding of market orientation, intellectual capital, learning orientation on innovation and hotel performance. The performance of four and five hotels performance in East Java is increased when market orientation, intellectual capital, learning orientation and innovation are increased. Those four variables thoroughly influence hotel performance by 76.4%.
Peran Penting Kekuatan Tawar dan Kapasitas Penyerapan dalam Joint Venture: Kajian Manajemen Puncak Industri Otomotif Indonesia - Jepang
Sudhartio, Lily;
Wahyuni, Sari
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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This research examined the influence of bargaining power and absorptive capacity on value appropriation, appropriated relational rent and inbound spillover rent in IJV. The main objective of this study is to find out variable in appropriated relational rent and inbound spillover rent which can be appopiate by local partner.This research is applying both qualitative (explorative) and quantitative research. The explorative study was conducted by indepth interview with Board of Director (BOD0 and General Manager of local partner in automotive industry. We use descriptive analysis and Structural Equation Model (SEM) in our qualitative research. The result of this study shows that value appropriation both appropriated relational rent and inbound spillover rent could only be achieved by local partners through the improvement of absorptive capacity. On the other hand, bargaining power which is normally held via control has no significant relation with appropriate performance.
Perataan Laba terhadap Reaksi Pasar dengan Mekanisme GCG dan CSR Disclosure
Restuningdiah, Nurika
International Research Journal of Business Studies Vol. 3 No. 3 (2010): December 2010 - March 2011
Publisher : Universitas Prasetiya Mulya
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The purpose of this research is to examine the impact of income smoothing to the market reaction with the good corporate governance mechanism and corporate social Responsibility disclosure as a moderating variable. The proxy of good corporate governance mechanism are institutional ownership, managerial ownership, independency of board commisioner and the size of board commisioner. Regression analysis of 30 public companies listed in Indonesia Stock Exchange on year 2008 until 2009 through a purposive random sampling technique indicated that income smoothing has negative effect to the market reaction. This study shows that good corporate governance mechanism is not the moderating variables to the relationship between income smoothing and the market reaction. The study also shows that corporate social responsibility disclosure is not moderating variables to the relationship between income smoothing and the market reaction, but as independent predictor for market reaction.