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INDONESIA
Jurnal Manajemen Bisnis
Published by Universitas Muhammadiyah Yogyakarta
ISSN : 20868200     EISSN : 26226308     DOI : 10.18196/mb
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Manajemen Bisnis is a bilingual English peer-reviewed journal published twice a year (in March and September) by Universitas Muhammadiyah Yogyakarta in Collaboration with the Association of Management Department of Muhammadiyah Universities (APSMA PTM). Since its first issued in March 2010, Journal of Management Business has been aimed at facilitating a better comprehension of research-based management business sciences among academicians and researchers and thus to give a positive contribution and influence on the world of management business sciences
Arjuna Subject : -
Articles 255 Documents
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Achieving Marketing Performance through Orientation Innovation and Entrepreneurial Orientation Karnowati, Nandang Bekti; Sudarto, Sudarto; Suwandari, Lusi; Prakoso, Fajar Adi; Apriandi, Devy Widya
Jurnal Manajemen Bisnis Vol 14, No 2: September 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v14i2.19086

Abstract

Research aims: The purpose of this study is to examine the connection between innovation orientation (IO) and entrepreneurial orientation (EO) and its role in mediating marketing orientation (MO) to achieve marketing performance (MP), specifically focusing on MSMEs in the culinary sector in Banyumas, Purbalingga, Cilacap, and Kebumen (Barlingmascakeb).Design/Methodology/Approach: Data were collected from 100 food industry businesses in Barlingmascakeb. Structural equation modeling (SEM) was used utilizing Smart PLS to analyze data.Research findings: The results demonstrated that innovation orientation had a positive effect on entrepreneurial orientation and marketing performance. EO, which mediated the relationship between IO and MP, acted as a partial mediator. RBV is still a relevant theory for MSMEs, where organizational resources are assets that need to be managed and become superior to expand in a dynamic market. The research findings also support the MBV theory, where the market is a necessary factor to be considered by MSMEs in business and entrepreneurial decision-making. RBV and MBV actually complement each other and have an important role in influencing marketing performance.Theoretical contribution/Originality: This study contributes to the management study literature, which has built an empirical model that encourages MSME marketing performance by investigating the relationship between IO, EO, and MO to support MSME marketing performance.Practitioners/Policy Implications: This study provides insight into culinary MSME entrepreneurs to focus on innovation orientation and not ignore market orientation as a supporter of innovation and marketing performance.Research Limitations/Implications: This research only focused on MSMEs in the culinary sector, so generalizations and findings were limited. Therefore, future studies are expected to combine larger and more diverse samples.
Green Innovation: Trend Research Using Bibliometric Analysis Nuryakin, Nuryakin
Jurnal Manajemen Bisnis Vol 14, No 2: September 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v14i2.18712

Abstract

Research aims: This study aims to explore and analyze research trends in green innovation. A literature review was used in this study by conducting a bibliometric analysis of green innovation by measuring research trends on green innovation in the last five years. This study also performed descriptive data and analysis on research trends and proposed an agenda for further studies on green innovation. Design/Methodology/Approach: This study approach carried out bibliographical analysis by taking the Scopus Database. Then filtering research articles was carried out in the 2019 – 2021 period. Bibliometric analysis techniques, citation analysis, and co-citation analysis were also conducted.Research findings: This study revealed the nature and direction of research that the green innovation field has undertaken over the past five years. Five clusters existed as themes that appeared in the green innovation literature.Theoretical Contribution/Originality: The theoretical implications of this study provide several important arguments for contributions to the field of green innovation and also contribute to several studies, journals, and institutions that have established studies in this field. Practitioners/Policy Implications: This study contribution to the most influential authors, institutions, and countries related to research on green innovation with possible future research directions.Research Limitations/Implications: This study has provided valuable opportunities to focus on studies only within the scope of green innovation. This study also has contribution to knowledge by considering suggestions for further research.
The Effect of Operational Risks for Digital Banking Services at Banks Laksana, Rio Dhani; Shaferi, Intan; Naznii, Humaira
Jurnal Manajemen Bisnis Vol 14, No 2: September 2023
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v14i2.19302

Abstract

Research aims: This research aims to analyze active digital banking users' perceptions of bank operational risks in providing digital banking services.Design/Methodology/Approach: This research design used a quantitative approach. The population in this study was banking customers who used Internet banking services. The sample taken in this study was 240 respondents from banks in the Banyumas Regency, Central Java, Indonesia. The method performed was purposive sampling. It used five banking risk management indicators.Research findings: Most people in the Banyumas region did not agree that Internet banking had high operational risks. As such, banks need to look at other operational risks, such as service disruptions, outsourcing failures, and internal fraud.Theoretical contribution/Originality: The Technology Acceptance Model (TAM) is an information system theory that models of how users want to accept and use technology. This model proposes that when users are offered a new system, several factors influence their decision about how and when to use the system, especially regarding the usefulness, ease of use, and external factors on beliefs, attitudes, and purpose of use.Practitioners/Policy implications: This research implemented digital banking and customer perceptions of bank operational risks in providing digital banking services because they are essential for understanding the digital banking industry. Research limitations/Implications: This study only used five indicators of banking operational risks, consisting of process, human, system, external, and legal. Other aspects, such as financial, marketing, and others, have yet to be included in this banking risk research indicator. For further research, it is suggested to add research variables, not only focusing on Internet banking applications but also on other digital banking products, such as mobile banking, phone banking, and SMS banking. 
Flexible Working Arrangement (FWA) Model: Reducing Congestion Levels, Work Stress, and Increasing Work Productivity Sultan, Zulkifli
Jurnal Manajemen Bisnis Vol 15, No 2: September 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i2.21578

Abstract

Research aims:  This research aims to analyze the impact of the flexible working arrangement (FWA) system in reducing traffic jams, reducing work stress, and increasing employee work productivityDesign/Methodology/Approach: This research was carried out using a sample collection technique using purposive sampling by distributing questionnaires to 100 government employees and company employees and interviewing 5 informants from government employees.  Data analysis uses SEM (structural equation model) with the AMOS analysis tool.Research findings: Based on the results of the research and discussion, it can be concluded that flexible working arrangements (FWA) have an important role in reducing traffic jams, and traffic jams have the impact of increasing a person's work stress. Meanwhile, reducing traffic congestion has a positive impact on workers, work stress can also decrease. Despite flexible working arrangements (FWA), work congestion and stress do not influence work productivityTheoretical Contribution/Originality: This research contributes to the science of human resource management. Apart from that, insight into urban management related to HR work activities.Practitioners/Policy Implications:  The results of this research are a source and basis for guidance in structuring work patterns that are more efficient and effective, working flexibly can reduce the level of traffic congestion.Research Limitations/Implications: There are many limitations to this research and future researchers must explore it more deeply, especially the very limited number of respondents and informants who cannot be met directly so the question-and-answer process is less in-depth. Apart from the respondents and informants, because the indicators in this research for each variable are still lacking, the references are still weak
Unlocking the Potential for Problem Solving Creativity through Transformational Leadership Roellyanti, Maria Valeria; Lada, Suddin
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.21030

Abstract

Research aims: This study analyzes the influence of personal characteristics (PC), creative work environment (CWE), cognitive skills (CS), and transformational leadership (TL), on creative problem solving (CPS) in the work environment.Design/methodology/Approach: Questionnaires were distributed for data collection. The questionnaire covers aspects including personal characteristics, cognitive skills, transformational leadership, creative work environment, and problem-solving creativity. This study involved 146 respondents from various tourism service industries. Regression analysis was used to test the relationship between independent, mediated, and dependent variables using structural equation Modeling (SEM).Research finding: The study shows that transformational leadership had a positive and significant influence on creative work environments. In addition, creative problem-solving is significantly influenced by the creative work environment and cognitive skills, although there is no significant influence between creative problem solving and personal characteristics.Theoretical Contribution/originality: The theoretical contributions of these findings reinforce the importance of transformational leadership in creating work environments that support creativity and strengthen the relationship between the creative work environment and creative problem-solving and cognitive skills. Practitioners Contribution/implications: Transformational leadership development through training and development is key for organizations to ensure leaders have the necessary skills to create creative work environments. Investment in creating work environments that support creativity involves the allocation of resources and efforts for workspace structuring and innovative policy development, along with efforts to enhance their capabilities in solving problems creatively.Research limitation/implications: The study's respondents were confined to one provincial area, specifically the Special Region of Yogyakarta. Expanding the study to multiple provinces would yield more comprehensive results.
The Debt Policy and Performance of State-Owned Companies in Indonesia Sinurat, Mangasi; Ilham, Rico Nur; Sinta, Irada; Ahmad, Shabir
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.20285

Abstract

Research Aims: This research aims to explore the factors influencing debt policy in "red-license plate" companies in Indonesia from 2010 to 2020. Design/Methodology/Approach: The research method used is empirical studies to achieve the study's objectives.Research Findings: The first analysis result showed that their debt policy was significantly determined by collateral value of assets, profitability, company size, business risk, liquidity. However, those factors partly clarified the policies, whereas other factors outside the observation defined the rest. The result of the second analysis meanwhile showed that the debt policy has significant negative impact on the company performance both long-term and short-term period.Theoretical Contribution/Originality: Several research strategies that may be useful in this respect are discussed, and a typology of constructs is proposed on the basis of this analysis is Short term debt policy, Long term debt policy, and The thermal design power are as latent variables; the collateral value of assets, Profitability, Company size, Business risk, Growth opportunity, and Liquidity are construct variables.Practitioners/Policy Implications: The first stage of analysis is intended to examine the factors influencing debt policy, both total debt policy, short term debt policy, and long-term debt.Research Limitations/Implications: Considering the limited amount of data available, this study conducts a risk assessment based on historical data only. A more complete identification of risks and vulnerabilities will include a forward-looking assessment using sensitivity analysis, scenarios, and testing of debt policies on "state-owned" companies in Indonesia from 2010 to 2020 and the impact of debt policies on the financial performance of companies during that period. We will next explain the methods used to achieve the objectives of the study. Furthermore, it further describes the results of research and discussion and winds up with conclusions and suggestions.
Implementation of Blue Ocean Strategy in Facing Business Competition: A Startup Case Study of Lapangbola.Com Hermawan, Adam; Hurriyati, Ratih; Hendrayati, Heny; Sultan, Mokh Adib
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.20486

Abstract

Research aims: This study discusses the specific blue ocean strategy employed by lapangbola.com to emerge successful in the business competition.Design/Methodology/Approach: This study employed a descriptive qualitative methodology, utilizing interviews with relevant individuals (Operations and Marketing managers) from lapangbola.com. The analysis was conducted using the Blue Ocean Strategy, employing a strategy canvas, a four-step framework, and a six-step framework for data gathering.Research findings: A business competition strategy employs a blue ocean strategy approach that originates from business innovation, encompassing product development, operational enhancements, and the utilization of efficient digital marketing channels.Theoretical Contribution/Originality: This research serves as valuable information for decision-makers, particularly in startup firms, seeking to enhance their business growth by adopting a blue ocean strategy approach. The successful implementation of this technique by lapangbola.com, a startup business in the sports industry, further exemplifies its effectiveness.Practitioners/Policy Implications: Startup companies or businesses in the digital industry might employ a blue ocean strategy, characterized by a rigorous, flexible, and inventive approach, to analyze the market and formulate an effective formula for company development.Research Limitations/Implications: The limitations of this research are found in the secondary data (literature studies) used, this is because not many businesses have consciously implemented blue ocean strategy simultaneously using canvas strategies, 4-step frameworks and 6-step frameworks. More in-depth analysis is needed on the implementation of the blue ocean business strategy that will be carried out at each startup.
Determinants of Company Value: Empirical Evidence from Consumer Goods Industrial Companies in Indonesia Purnama, Maria Goreti; Yuniarti, Sari; Terdpaopong, Kanitsorn; Subiyantoro, Edi; Khouroh, Umu
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.20114

Abstract

Research Aims: Investors focus on a company's value before investing, which can benefit shareholders. This study, thus, investigates how factors like liquidity, debt, profits, growth, and investment opportunities affect a company's value, with dividend policy playing a role.Design/Methodology/Approach: This study examined companies in the consumer goods industry listed on the IDX from 2018 to 2021. The authors collected data from 71 selected companies using purposive sampling. The analysis method employed was Moderating Regression Analysis (MRA).Research Findings: The findings demonstrated that Debt to Asset Ratio (DAR), Return on Assets (ROA), and Investment Opportunity Set (IOS) strongly affected Price to Book Value (PBV) positively. However, Current Ratio (CR) and Growth did not significantly affect PBV. Additionally, the Dividend Payout Ratio (DPR) did not influence the relationship between CR, DAR, and Growth with PBV. Also, it did moderate the relationship between ROA and IOS with PBV.Theoretical Contribution/Originality: The research findings contribute to our understanding of the factors that impact the market value of companies in the consumer goods industry listed on the IDX.Practitioners/Policy Implications: It is crucial to examine specific variables that have a significant impact on PBV, while other variables may not play a vital role. This can help practitioners, academics, and investors make more informed decisions based on in-depth analysis of company performance and value.Research Limitations/Implications: The limitations include limited panel data, a single industry focus, the absence of supportive data on individual company investment variations, and no consideration of industry risk, market policies, or investor preferences.
Family Ownership as a Moderator Variable on Board, Leverage, and Environmental Performance Haninun, Haninun; Damayanti, Tri; Rahayu, Ni Putu Widhia; Aminah, Aminah; Graisman.P, Naufal
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.21505

Abstract

Research Aims: This study aims to examine family-listed companies by determining the effects of leverage, board, and ownership on environmental performance in Indonesia.Design/Methodology/Approach: A total of 130 family-listed companies were examined using the unbalanced panel method. Board resources diversity also stimulated increased strategic opportunities in deciding the companies plans, regarding the conceptual framework prioritizing dependence theory.Research Results: The results showed that leverage and board significantly-negatively and significantly-positively impacted environmental performance, respectively. Family ownership also strengthened both impacts and transformed a negative direction into a positive effect. This strengthening was due to the important role of ownership in decision-making processes, such as the impact on external stockholders and costs related to environmental performance considered a non-financial strategic issue.Theoretical Contribution/Originality: The results obtained contribute to developing the relationship between family ownership, ecological education, expert management board, leverage, and environmental performance in Indonesian family-listed companies, specifically in uncertainty economics. Therefore, future studies should be conducted on family companies in the country, implementing the present experimental outcomes as references.Practitioners/Policy Implications: This study leads us to the belief in agency theory, where the control of shareholders largely influences management decisions and includes environmental issues. According to family business stakeholder method, the participants are the most influential actors majorly affecting decision-making, including decisions to overcome environmental problems. The large leverage observed also proves that management commonly adopts risk-averse behaviour, showing the ability to generate efficient costs and comply with the shareholder control direction.Limitations/Implications: The experimental scope was considered limited, as a detailed case account was not provided due to the inability to track environmental performance levels. Since multiple experimental aspects required subsequent evaluation, the knowledge prioritizing the thinking patterns of management and controlling shareholders about environmental issues was highly recommended.
The Role of Perceived Organizational Support (POS) and Employee Satisfaction to Enhance Employee Engagement: Do Gender and Tenure Matter? Eviana, Nova
Jurnal Manajemen Bisnis Vol 15, No 1: March 2024
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/mb.v15i1.19529

Abstract

Research aims: The research investigated the conjecture that employee engagement is notably intensified in the presence of perceived organizational support (POS) and employee satisfaction. Additionally, the study explored the discrete impacts of the interconnections between these variables, considering gender and employee tenure. Design/Methodology/Approach: This study employed primary quantitative research methods through cross-sectional surveys. The hypotheses were tested using SEM-PLS with the assistance of Smart PLS.Research findings: The findings unveiled that POS indirectly influences employee engagement through its effect on employee satisfaction. Furthermore, employee satisfaction directly and positively contributes to heightened employee engagement. Neither gender nor tenure exhibits identifiable effects on the correlations between the constructs. It is ascertained that POS holds a higher degree of significance in cultivating employee engagement.Theoretical Contribution/Originality: The study empirically confirmed the enhanced employee engagement through POS and employee satisfaction, elucidating the mediating role of satisfaction, highlighting the significance of POS, and offering actionable managerial insights for human resource strategies.Practitioners/Policy Implications: It is recommended that managerial efforts be directed toward formulating human resource strategies that amplify POS.Research Limitations/Implications: Limited number of respondents due to the period of COVID-19 recovery.

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