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Contact Name
Api Adyantari
Contact Email
kinerja.journal@uajy.ac.id
Phone
+6281358444050
Journal Mail Official
kinerja.journal@uajy.ac.id
Editorial Address
PPBE 1st Floor, Faculty of Business and Economics, Campus III Bonaventura Building, Babarsari Street No. 43, Yogyakarta, Indonesia, Postal Code 55281
Location
Kota yogyakarta,
Daerah istimewa yogyakarta
INDONESIA
Kinerja
Core Subject : Economy,
KINERJA (ISSN Online: 2549-1709; ISSN Printed: 0853-6627) is an international journal published twice a year in March and September, hosted and managed by the Faculty of Business and Economics, Universitas Atma Jaya Yogyakarta. It was first published in June 1996. KINERJA provides a forum for lecturers, academicians, researchers, practitioners, and students to deliver and share knowledge in the form of empirical and theoretical research articles and case studies. KINERJA journal invites professionals in the world of education, research, and entrepreneurship to disseminate ideas, concepts, new theories, or science development in the fields of Business, Management, Economics, Accounting, Finance, Tourism Management, Entrepreneurship, or the JEL coverage field through this scientific journal. KINERJA Journal accredited Rank 3 from RISTEKDIKTI, Decree Number 36/E/KPT/2019 valid from Volume 23 No. 2 (2019) to Volume 28 No. 1 (2024).
Articles 630 Documents
DETERMINANT CAPITAL STRUCTURE OF BANKING COMPANY IN INDONESIA Elly Astuti
KINERJA Vol. 22 No. 1 (2018): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v22i1.1236

Abstract

This study aims to reveal the factors that affect the capital structure of banking companies in Indonesia. The study of capital structure has been widely documented in Indonesia, but in some previous literature always take out banking companies because of its unique characteristics. Therefore, this research is expected to increase scientific knowledge about the determinant factor of capital structure. The analysis technique used in this research is linear regression with dependent variable: asset turnover, liquidity, collateral, company growth, risk, profitability and company size. The capital structure is proxied by debt to assets ratio with the separation between long term debt, short term debt and total debt. The result of the analysis shows that the determinant factor analyzed can influence the bank capital structure significantly.
THE ROLE OF CITY BRANDING ON VISITORS’ REVISIT INTENTION: A STUDY IN MALANG, INDONESIA Tita Imamelina Mujihestia
KINERJA Vol. 22 No. 1 (2018): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v22i1.1239

Abstract

The main purpose of this paper is to investigate the influence of city branding on visitors’ revisit intention to Malang city which is well-known as a holiday destination in Indonesia. Study about city branding has been conducted by many researchers before, but study that applied in an enclave city, like Malang, has not been thoroughly examined. In order to make this study result becomes a guideline to design proper marketing strategies, this study will focused on the impact of three city branding attributes that is city image, city authenticity and city uniqueness on visitors’ revisit intention. A quantitative, explanatory approach conducted with visitors’ who chose Malang city as their holiday destination. Results indicate that city branding has a relationship with visitors’ revisit intention and city image plays an important role on the relationship.
The Analysis of Portfolio Risk Management using VAR Approach Based on Investor Risk Preference Agus Suwarno; Putu Anom Mahadwartha
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1274

Abstract

Ackert and Deaves (2010) said that most people have tendency to being risk averse, but with appropriate amount of compensation, people may take more risk. Understanding those circumstances, this research trying to figure risk involved in a Mean-Variance Model. This model has taken consideration about investor risk preference in composed VAR model. VAR define as a measure of the risk of investments, which in this research focuses on risk preferences. This research also conducts comparison between optimum portfolio model known as Single Index Model and Mean-Variance Mode. Robustness test taken too analyze the outcomes from different data input. Research showed that risk preference has an impact on generating portfolio based on Mean-Variance Mode (MVM). Meanwhile, Single Index Model (SIM) found to given a similar result as MVM in high risk preference. This has shown that SIM may not adequate for those who have low risk preference. Research also show that risk taker investor get more gain and endure more risk than risk averse investor. But, based on robustness test, we found that the lowest risk an investor bear is on the highest risk preference. Thus, we make a conclusion that variance is not the only factor that might cause VaR increased, data dispersion has became more major factor.Keywords: Value at risk, Single Index Model, Optimum Portfolio.
Management Background, Intellectual Capital and Financial Performance of Indonesian Bank Elizabeth Hutami Widowati; Noel Singgih Haryo Pradono
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1275

Abstract

This research aims to determine the effect of management background which proxy by accounting education background, MBA education background, Chinese ethnicity and intellectual capital (VAIC) on conventional banks’ financial performance (ROA) in Indonesia. The Population consists of all conventional banks listed on Indonesia Stock Exchange period of 2012 to 2015. Using purposive sampling method to screen the data, the final sample for this research is 140 data that consists of 39 banking companies. This research used Eviews7 software to conduct panel data regression analysis. The results showed that accounting education background and Chinese ethnicity are not significantly affect financial performance. Meanwhile MBA education background and VAIC are significantly affecting financial performance (ROA).Keywords: management background, VAIC, ROA, banking.
Simultaneous Effect on Debt and Managerial Ownership: Agency Theory Framework Taufik Akhbar
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1276

Abstract

This study aims to examine the debt policy and managerial ownership as tools to control the agency conflict. Debt policy and managerial ownership used in controlling agency conflicts have several considerations such as the risk of the company, the company's growth and the presence of institutional ownership in a company. The variables used in this study include earnings volatility as a measure of corporate risk, growth companies, managerial ownership, institutional ownership, debt policy, and total assets as a control. Furthermore, an analysis by means of regression models with simultaneous Two Stage Least Square method was used. The results found in this study stated that the risk factors, the growth of the company, as well as the existence of institutional ownership affect debt policy and managerial ownership control of the company within the framework of the agency conflict. This indicates that the use of policies to control the agency conflict must consider these three factors. Keywords: agency conflict, debt policy, managerial ownership
The Phenomena of Organizational Structure Change as Change Factor of Financial Consultant’s Motivation Galuh Adhitia Poerbonegoro; Margono Setiawan; Sudjatno .
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1277

Abstract

Life insurance has developed into an attractive industry and has an important role in supporting businesses, families and communities. It grew into a business commodity that attracted many people. Competition in the life insurance industry is increasingly complex and competitive due to the number of life insurance companies made a lot of customers have many choices that requires every company to be more responsive to acquire customers, to support the organizational change, motivation and performance of employees. According to the first interview with top management, obtained information that there is a distance between superiors and subordinate in Allianz Life Indonesia’s new system, where Business Partner (leader) only served to control Business Executive and give freedom to the actions carried out by subordinates so that the relationship between them is less synergy. The purpose of research is to describe implementation strategies and the impact of OSC to Financial Consultant’s motivation. This study uses a qualitative research method. Research results obtained implementation strategy of OSC, which influenced by factors such as the driver of an effective and efficient work system, increasing of industry competition, and maintaining customer trust. There are two impact to Financial Consultant’s motivation include intrinsic motivation and extrinsic motivation.Keywords: Insurance, Organizational Structure Change, Motivation, Financial Consultant
Managers' Roles in Performance-Based Reward Enhancing Employees’ Feelings of Procedural Justice Azman Ismail; Mohd Ridwan Abd Razak
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1279

Abstract

This study assesses the correlation between managers’ roles in performance based reward and procedural justice at disaster agencies in Malaysia. The outcomes of SmartPLS (PLS-SEM) path model analysis demonstrated that the capability of management to correctly apply communication, involvement and performance assessment in performance-based reward could lead to higher employees' feelings of procedural justice in the organizational sample. Further, this study offers discussion, implications, and conclusion.Keywords: Managers’ roles, performance based reward, procedural justice, SmartPLS
Strategic Trade Policy in the Presence of International Outsourcing in a Duopoly Model Damiana Simanjuntak; Doriani Lingga
KINERJA Vol. 21 No. 2 (2017): KINERJA
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v21i2.1285

Abstract

This paper analyzes how domestic government sets its optimal export policy in a duopoly model when its domestic firm can only outsource its input while the rival firm is able to both produce and outsource its input. First we analyze the strategic outsourcing behavior of the foreign firm. We find that the foreign firm’s decisions on whether to outsource input or to make it by itself depend on the trade policy taken by the domestic government.  The foreign firm will strategically outsource the entire quantity of its input production to the supplier with an input price higher than its in-house cost, if the domestic firm is subsidized by the domestic government. However, when the domestic firm is being charged a positive export tax by the domestic government, the foreign firm will decide to make input by itself despite the lower input price under the outsourcing regime. From the domestic government’s point of view, we find that the conditions for the foreign firm’s decisions correspond to the domestic social welfare maximization problem. When the foreign firm chooses to outsource its input to the supplier, the domestic government will impose a negative export tax on its firm, namely subsidy. While when the foreign firm chooses to make input by itself, the domestic government will impose an export tax on its firm as trade policy.Keywords: Trade Policy, Export Tax, Subsidy, Outsourcing
EXAMINING THE EFFECT OF BUSINESS ENVIRONMENT ON COMPETITIVE PRIORITY CHOICE: A STUdY OF MANUFACTURING FIRMS IN INdONESIA Lina Anatan
KINERJA Vol. 11 No. 1 (2007): Kinerja
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v11i1.1379

Abstract

Peningkatan kompetisi global, perubahan pasar dan teknologi yang cepat, peningkatan kompleksitas dan ketidakpastian menciptakan lingkungan persaingan baru. Perubahan-perubahan tersebut menyebabkan perusahaan manufaktur secara hati-hati melakukan perubahan dari sistem industri yang berbasis efisiensi menjadi sistem industri baru yang keberhasi lannya tergantung pada tanggapan yang cepat terhadap permintaan konsumen akan produk yang berkual itas dan sesuai dengan kebutuhan. Untuk menanggapi kondisi tersebut dan untuk mencapai keunggulan kompetitif yang berkelanjutan dalam situasi persaingan bisnis saat ini, perusahaan manufaktur harus mengadopsi dan mengimplementasikan strategi manufaktur jika ingin tetap kompetitif. Dalam proses menyusun strategi manufaktur, pertimbangan l ingkungan berperan signifikan dalam menentukan strategi manufaktur. Penel itian ini di lakukan untuk menginvestigasi dampak dari l ingkungan bisnis pada pemilihan strategi manufaktur. Perusahaan-perusahaan yang terdaftar di Biro Pusat Statistik (BPS) digunakan sebagai kerangka penentuan sampel dalam studi ini. Data dikumpulkan melalui i kuesioner yang dikirim melalui pos (ada 525 kuesioner) dan survei secara langsung ke 25 perusahaan. Total kuesioner dikirim ke 550 pimpinan (CEO) perusahaan manufaktur di Indonesia. Sebanyak 106 kuesioner dikirim kembal i dan memberikan tingkat respon sebesar 19,27%. Studi menghasi lkan temuan ada hubungan antara faktor lingkungan seperti biaya bisnis, ketersediaan tenaga kerja, persaingan tidak sehat, dan dinamisasi pasar dengan pemi l ihan strategi manufaktur yang mempertimbangan prioritas kompetisi. Strategi yang pal ing banyak diadopsi oleh perusahaan manufaktur Indonesia berdasarkan urutan dari yang tertinggi ke terendah adalah strategi biaya, strategi kual itas, strategi fleksibel, dan strategi pengiriman. Hubungan yang signifikan antara lingkungan bisnis dan strategi manufaktur mengimplementasikan fakta bahwa lingkungan bisnis dipertimbangan sebagai variabel dasar (precursor) yang berhubungan sebab akibat dengan pemilihan strategi manufaktur yang mempertimbangkan prioritas kompetisi.
PENGARUH FAKTOR DISTRESS RISK DALAM MENJELASKAN EFEK ANOMALI MOMENTUM Bertha Silvia Sutejo
KINERJA Vol. 11 No. 1 (2007): Kinerja
Publisher : Faculty of Business and Economics Universitas Atma Jaya Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24002/kinerja.v11i1.1380

Abstract

The objective of this research was to study the effect of momentum anomaly and distress risk. This research also examines the different market effects on potential relationship between momentum and distress risk and prepare indirect empirical evidence on EMH in Indonesia. Sample of this research was based on manufacturing companies listed in Jakarta Stock Exchange from July 1992 – June 2003. The statistical method used to test the hypothesis was regression analysis. The study results were as follows: first, the result provides no support for the hypothesis that the distress risk can explain momentum effect in stock return; second, the result also provides no support for the hypothesis that there is no different influence on potential relationship between momentum and distress risk at bullish market or bearish market. This study found that distress risk and momentum make the size and B/M have a positive relationship with stock return on bullish market. But distress risk and momentum make size and B/M have a negative relationship with stock return on bearish market.

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