cover
Contact Name
Heronimus Maryono
Contact Email
irjbs@pmbs.ac.id
Phone
+62217511126
Journal Mail Official
irjbs@pmbs.ac.id
Editorial Address
Cilandak Campus Jl. RA. Kartini (TB Simatupang) Cilandak Barat Jakarta Selatan, Jakarta Selatan 12430 Indonesia.
Location
Kota adm. jakarta selatan,
Dki jakarta
INDONESIA
International Research Journal of Business Studies
ISSN : 20896271     EISSN : 23384565     DOI : 10.21632/irjbs
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
Articles 329 Documents
Transformational Leadership, Job Satisfaction, and Employee Performance in Southeast Asian SMEs Roy, Kavita; Swargiary, Khritish
International Research Journal of Business Studies Vol. 18 No. 2 (2025): August - November 2025
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.18.2.253-270

Abstract

This study investigates the influence of transformational leadership on employee performance in small and medium enterprises (SMEs) across Southeast Asia, focusing on Malaysia, Singapore, and Thailand. Employing a quantitative cross-sectional survey design, data were gathered from employees using validated scales such as the Multifactor Leadership Questionnaire, Job Satisfaction Survey, Organizational Culture Assessment Instrument, and Employee Performance Scale. Structural equation modeling analysis revealed that transformational leadership positively impacts both job satisfaction and employee performance, with job satisfaction partially mediating this relationship. Organizational culture, particularly clan and hierarchy type, moderates these effects, with clan culture enhancing the leadership-satisfaction link and hierarchy culture diminishing the leadership-performance link. Cross-country differences indicate a stronger leadership-satisfaction effect in Malaysia. These findings highlight the pivotal role of leadership and culture in driving SME performance in Southeast Asia.
The Effect of Conditional Conservatism and Agency Cost on Investment-Cashflow Sensitivity Wibawa, Bima Abdi; Wardhani, Ratna
International Research Journal of Business Studies Vol. 10 No. 2 (2017): August - November 2017
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.2.68-88

Abstract

This research aims to give empirical evidence of the effect of conditional conservatism on company’s investment-cashflow sensitivity, and whether the impact is stronger in high agency cost firms compare to in low agency cost firms. This research uses dividend payout ratio to measure the agency cost, because this study uses Indonesia as a research context where companies in Indonesia majority have concentrated ownership and funding through debt so that agency conflict that appears more dominant is the conflict of agency type two and three. This study uses sample from manufacturing companies listed in Indonesia Stock Exchange during the period 2008-2012. The total observation in this research is 474 firm years, which 152 of the samples is classified as high agency cost firms and 322 sample as low agency cost firms. The result shows that as the recognition of economic losses becomes more timely, the sensitivity of firm investment to cashflow decreases. Conditional conservatism decreases investment-cashflow sensitivity in low agency cost firms but increases the sensitivity in high agency cost firms. In fact, before implementation of conditional conservatism, high agency cost firms have smaller investment-cashflow sensitivity compared to the low agency cost one.
Antecedents of Employee Loyalty in Educational Setting: An Empirical Study O. Sihombing, Sabrina; P. Berlianto, Margaretha
International Research Journal of Business Studies Vol. 10 No. 2 (2017): August - November 2017
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.2.99-109

Abstract

No studies have been conducted to link three variables of work values, internal marketing, and job satisfaction in predicting employee loyalty. Therefore, this research aims to fulfill the gap by developing a model that include work values, internal marketing, and job satisfaction in assessing employee loyalty in educational context. This research apply a judgmental sampling with the sample size of 200 lecturers from a private universities in Tangerang. Structural equation modeling was applied in testing the research hypotheses. The results showed that there is one out of three hypotheses that was not supported. That hypothesis is the relationship between internal marketing and job satisfaction.
HRM Challenges in the Age of Globalisation Agarwal, Sugandha; Saif Al Qouyatahi, Khalid Mohammed
International Research Journal of Business Studies Vol. 10 No. 2 (2017): August - November 2017
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.2.89-98

Abstract

Globalization has caused blurred international boundaries. On one hand, there is an open market for companies to seek talent on the other hand for employees a wide array of choices to work with, all because of globalization. But such types of open and globalized market exposes the firms to the challenges occurring in the prominent field of human resource. This paper is an attempt in understanding and analyzing the challenges existing and affecting the functioning of HRM while a company operates on global platform. The major encounters and worries of HR team, and the responses that HR managers need to make to such challenges with their increasing responsibilities in the globalized environment, have also been discussed in this paper. This is a communication and cross sectional study based on descriptive arguments and analytical logic developed through the responses received from HR teams of companies belonging to different sectors. Effective leadership, managing diverse workforce, role of technology in HR functions like recruitment and selection, legal and political aspects, skill management, global mindset are some of the jostling issues encountered by human resource function in the retro of globalization. 
Consumer Preference Towards Fruit Leather Attributes of Madurese Exotic Tropical Fruits Fauziyah, Elys
International Research Journal of Business Studies Vol. 10 No. 2 (2017): August - November 2017
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.2.111-122

Abstract

Madura island has high potential for producing tropical fruits, but it still not being well managed especially concerning with the value added. Fruit leather is a product created by using various fruits and simple technology application. Fruit leather is categorized as new product on the market, therefore it is important to know consumer preference towards fruit leather attributes so that producer can design an acceptable product in the market. The research investigated attributes within the levels that become consumer preference in purchasing fruit leather product. There were 60 samples respondents taken accidentally at Bangkalan Plaza Shopping area. Method being used was conjoint analysis. Result showed that fruit leather being chosen by consumers as preference are gummy, mixed fruit taste, yellow color, small roll shape, at 100 grams and in a plastic tube package.
Competitiveness of Small and Medium Firms (SMEs) in Facing ASEAN Economic Community Ricky Rengkung, Leonardus; Pangemanan, Lyndon Reinhardt J.; Sondak, Lorraine W.
International Research Journal of Business Studies Vol. 10 No. 2 (2017): August - November 2017
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.2.123-133

Abstract

The purpose of this study is to develop a model of Resource-based View (RBV) and to analyze the competitiveness of Manado Small and Medium firms (SMEs) in facing the ASEAN Economic Community (AEC), based on valuable, rare, inimitable, and non-substitutable (VRIN) resources of Resource-based View (RBV). To answer these purposes, the proportional stratified random sampling was conducted by taking 180 small and medium firms (SMEs) in Manado, consist of 90 small firms and 90 medium firms. The data were analyzed using qualitative systems dynamics analysis. The results indicated that holistically, systemic behavior of VRIN resources makes a contribution on Manado SMEs' competitiveness in facing the implementation of ASEAN Economic Community (AEC), both before and after intervention. Before intervention, decline of VRIN resources makes contribution on decline of the competitiveness of Manado SMEs. On the contrary, after intervention, increase of VRIN resources makes contribution on increase of the competitiveness of Manado SMEs. Partially, rare (R) resources make more contribution than non-substitutable (N), imperfectly imitable (I), and valuable (V) resources on competitiveness. It can be concluded that these systemic behaviors of VRIN resources make contribution both negatively in declining and positively on increasing competitiveness of Manado SMEs.
Spatial Distribution of Market Centers Islam, Md. Morshedul
International Research Journal of Business Studies Vol. 10 No. 3 (2017): December 2017 - March 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.3.135-146

Abstract

The present study is attempt to find the location pattern, distribution and their sphere of influences of market centers in Rangpur City Corporation, Bangladesh. Rangpur is facing some problems like traffic jam, noisy environment, population pressure etc due to the over population in full day long in the centre of this city, all of the whole sale and retail sale markets are located in the middle. Location of Market is always influencing the daily life of the city population who are directly or indirectly connected with the market. If the market strategically distributed in an area they don’t faces such kind of problems. Analysis or investigation shows that, at about all of the market centers are located in the center of Rangpur and in the residential area of Rangpur. The maximum 67% market centers are found in the high income residential area. Rangpur City Corporation, Bangladesh Bureau of Statistics and survey of Bangladesh provided the maps, reports and relevant documents of the study. The spatial dispersion pattern of market centers is clustered together at one place 0.33(Nearest Neighbor Index value, R) found in the study area. Geographical Information System (GIS) andother software also used to analyze the maps and diagrams. Investigation refers that, market of Rangpur city have a clustered pattern and different levels of market centers found on the bases of centrality scores. By this centrality scores or levels, found the variation of influencing spheres of market centers in Rangpur City.
Strategy Increasing Entrepreneurship Interest to Post Migrant Workers through Training and Giving of Capital Busro, Muhammad
International Research Journal of Business Studies Vol. 10 No. 3 (2017): December 2017 - March 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.3.147-158

Abstract

This study aims to describe: the influence of coaching and giving capital disbursement to the interest of entrepreneurship of post migrant workers. The research method used is the method of action research, where the researcher gives treatment to the respondent in the form of assistance and the provision of soft capital by cooperating with the owner of the corporate social responsibility fund, i.e. the company around the research location, and ask the opinion of former migrant workers trained through instruments that have been prepared. The research was conducted in Lampung Province, on May-August 2016. Based on the result of the research, it can be concluded that, 1) the provision of entrepreneurship training can increase the entrepreneurship interest of post migrant workers in Lampung. Provision of coaching should be done continuously. 2) the provision of soft capital is also able to increase the entrepreneurial interest of post migrant workers in Lampung, the more soft capital is channeled to full-time workers. Although the capital provided is small, but able to pump their spirits to start a business.
Is There Any Sectoral Cointegration in Indonesia Equity Market? Surya, Aileen Clarissa; Natasha, Gabriella
International Research Journal of Business Studies Vol. 10 No. 3 (2017): December 2017 - March 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.3.159-172

Abstract

An efficient portfolio, the one with low risk adjusted return, can be constructed using a good asset diversification. Sectoral diversification is one of the ways to reduce the portfolio risk since there are unique relationship among sector classifications. This research analyzes short and medium-run cointegration relationship among 9 sectoral indices in Indonesia equity market (JCI), using 2012-2016 weekly closing prices as the data. This study analyzed the relationship among these sectors using Johansen-Julius Cointegration Test and predict the causal relationship using Engle-Granger Causality and model the causalities using Vector Error Correction Model. Using empirical results of Johansen cointegration tests, this study finds that there is no cointegration in the short-run as the sector indices performance are caused by unique moving factors that affect all sectors differently. However, there is a medium run relationship among the sectors as they are moved by macroeconomic and political conditions towards the same direction. Other two methods, Engle-Granger and VECM, are also supporting the results from Johansen cointegration tests. The findings from this research can be useful as an insight for investors and fund managers in minimizing portfolio risk by using sectoral diversification, which based on the research can only be applied in the short run period.
Performance Evaluation of Stock Price Indexes in the Indonesia Stock Exchange Robiyanto, Robiyanto
International Research Journal of Business Studies Vol. 10 No. 3 (2017): December 2017 - March 2018
Publisher : Universitas Prasetiya Mulya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21632/irjbs.10.3.173-182

Abstract

This study evaluates the performance of stock price indexes in the Indonesia Stock Exchange by using Sharpe Index, Treynor Ratio,Jensen Alpha, Adjusted Sharpe Index, Adjusted Jensen Index and Sortino Ratio. The stock price indexes evaluated are the Jakarta Composite Index (JCI), Sectoral Index consisting of 10 sectoral stock price indexes, LQ45 Index, Jakarta Islamic Index (JII), Kompas100Index, BISNIS-27 Index, PEFINDO25 Index, SRI-KEHATI Index, Main Board Index (MBX), Developed Board Index (DBX). Data used in thisresearch is daily closing data of stock price indexes studied and riskfree interest rate represented by BI rate during period January 3, 2011, until July 17, 2017. Data were obtained from Bloomberg. The results of this study indicate that only three stock price indexes perform better than risk-free and stock-market instruments when calculated by using Sharpe Index, Treynor Ratio, Jensen Alpha, Adjusted Sharpe Index, and Adjusted Jensen Alpha Index. Meanwhile, when calculated by using the Sortino Ratio, the stock price index of miscellaneous industry sector has the best performance.

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