cover
Contact Name
Deni eko saputro
Contact Email
061002218@uii.ac.id
Phone
+62274-881546
Journal Mail Official
editor.jsb@uii.ac.id
Editorial Address
Management Development Centre (MDC) Faculty of Business & Economics, Universitas Islam Indonesia Condongcatur, Depok, Sleman, Yogyakarta
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Jurnal Siasat Bisnis
ISSN : 08537666     EISSN : 25287001     DOI : https://doi.org/10.20885/jsb
Core Subject : Science, Social,
Jurnal Siasat Bisnis (JSB) is a peer review journal published twice a year (January and July) by Management Development Centre (MDC)-Department of Management, Faculty of Economics, Universitas Islam Indonesia. JSB) addresses the broad area of management science and its applications in industry and business. It is particularly receptive to research relevant to the practice of management within the emerging regions and its effects beyond. It covers studies on how management work is done (descriptive) and/or should be done (normative) in diverse organisational forms, either in profit or non-profit firms, private or public sector institutions, or formal or informal social networks. We welcome qualitative studies with high-quality, rigorous methods, and strong impact on the field. Topics covered include, but not strictly limited to: 1. Business and management strategy 2. Marketing management 3. Operations management 4. Computing and technology management 5. Finance and investment management 6. Innovation and knowledge-based management 7. Entrepreneurship 8. Organisational behaviour and people management 9. Corporate social responsibility 10. Islamic business and management
Articles 375 Documents
The determinants of working capital management in Indonesia and the Philippines Cynthia Kartika Tjandra; Werner R. Murhadi; Arif Herlambang
Jurnal Siasat Bisnis VOL 26, NO 1 (2022)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol26.iss1.art8

Abstract

Purpose: This study aims to analyze and identify determinants of working capital of manufacturing firms listed on Indonesia and the Philippines Stock Exchanges. This study focuses on working capital because firms with inadequate working capital may experience operational difficulties and lead to financial distress. Thereby, firms must have adequate working capital.Design/Methodology/Approach: The study employed panel data, with the final sample for Indonesia was 630 years of observation, while for the Philippines, the sample used was 210 years of observation. The sample of the study was manufacturing firms listed on Indonesia and the Philippines Stock Exchanges.Findings: The study results in the Indonesian sample show that profitability and growth opportunities have a significant positive effect on working capital. Asset tangibility, firm age, and leverage have a significant negative effect on working capital. While operating cash flow and firm size have no effect on working capital. In comparison, the results in the Philippines sample show that profitability has a significant positive effect on working capital. Asset tangibility and leverage have a significant negative effect on working capital. While operating cash flow, growth opportunities, age, and firm size have no effect on working capital.Research Limitations: This study has limitations, namely observations done only on manufacturing firms listed on Indonesia and the Philippines Stock Exchanges. Further research can use a sample with broader coverage in the service sector and expand variables that might affect working capital requirements, especially in the Covid-19 pandemic.Practical Implications: For a firm’s decision-makers, this present study can be used as a reference in making decisions related to working capital management. Bad decision-making in determining the amount of working capital may lead to high capital costs and financial distress.Originality/Value: What factors affect the amount of working capital is an attractive topic for many researchers today. Poor working capital management will result in a firm not being able to meet its maturing obligations and may lead to financial distress. The use of samples in developing countries, namely Indonesia and the Philippines, that is relatively similar, making this present study unique. By using samples in developing countries, this study can investigate differences in results between developing countries.
The role of perceived value in understanding tourist experience and post experience at heritage destinations Eny Endah Pujiastuti; Adi Soeprapto; Susanta Susanta; Humam Santosa Utomo; Aninda Maharaniputri
Jurnal Siasat Bisnis VOL 26, NO 1 (2022)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol26.iss1.art3

Abstract

Purpose: This research aims to develop and test the theoretical model of the use of Means-end theory in the creator of a tourism-coordinated value chain that integrates the concept of memorable tourist experience, perceived value, affective commitment, storytelling behavior and destination loyalty. This study used Means-end theory approach by reviewing perceived value in understanding memorable tourist experience and post-experience behavior (perceived value, tourist satisfaction, affective commitment, storytelling behavior and destination loyalty). In particular, this research examined the influence of variable memorable tourist experience, perceived value, tourist satisfaction, affective commitment, and storytelling behavior on destination loyalty.Design/Methodology/Approach: The population of this research was all tourists who had visited the tourist attraction of Borobudur temple, Magelang Regency, Central Java, Indonesia. The number of samples used was 437 people who were selected with certain considerations, namely tourists who had visited Borobudur Temple at least once. Data collection was carried out in August-October 2020 using google form. This research used SEM analysis tool which was operated by the AMOS application.Finding: The results showed memorable tourist experience that had significant effect on Perceived Value, Storytelling Behavior, Affective Commitment, and Destination Loyalty. Simultaneously, Perceived Value had a significant influence on Storytelling Behavior, Affective Commitment, and Destination Loyalty. Secondly, Storytelling Behavior also had significant effect on Destination Loyalty.Research Limitation/Implications: This research had limitations in sample selection. The sample of this research was tourists who had visited Borobudur temple because the variable used in this research was memorable tourist experience. Ideally, respondents were travelers whose visit time was close to the time of data collection. However, at the time of data collection, the management of Borobudur temple closed tourist access due to the Covid 19 pandemic; thus, the samples used were tourists who had visited Borobudur Temple before the Covid 19 pandemic. Further research is recommended whenever using variable of memorable tourist experience. It is better to use sample of tourists who have visited the destination with a close distance between the visit to the destination and the time of data collection.Practical Implication: The benefits obtained by tourists were illustrated by the perceived value provided by the destination. Therefore, tourism destination managers and marketing staff must focus on the key variable forming perceived value, namely memorable tourism experience. Experience and memorable tourism experience were the main products of the destination. Destination managers and marketers should have a better understanding of tourist needs. They must analyze whether they had created a memorable tourism experience that could create value for tourists.Original Value: The research of the influence of memorable tourist experience, perceived value, tourist satisfaction, affective commitment, and storytelling behavior variable on destination loyalty was the novelty of this research. In addition, the use of the Means-end theory approach to analyze research results was also novelty in this research.
Application of the edu finance model to improve financial literature in creative industry in Sidoarjo district Eko Purwanto; Muhadjir Anwar
Jurnal Siasat Bisnis VOL 26, NO 1 (2022)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jsb.vol26.iss1.art4

Abstract

Purpose: This research aimed to observe the development of SMEs problems that related with financial knowledge. The importance of educating SMEs in a systematic, integrated and sustainable manner regarding financial literacy is expected to be able to build a strong business foundation which is very much needed. Increasing financial literacy is expected to contribute to financial system stability, reduce vulnerabilities in the financial system and make effective decisions on financial resources.Design/methodology/approach:  The  data  were  collected  through self-administered questionnaire. There were  14 items used to edu finance and financial literature . The research design used in this research is quantitative research because it uses data in the form of numbers in descriptive statistical analysis. The results of these calculations will then be compared with the criteria for the level of financial literacy according to Chen and VolpeFindings:  The results of this study indicate that based on the five variables that use the financial literacy level of SMEs, women are in the low category. Therefore, an appropriate model is needed to increase financial literacy knowledge in creative industry SMEs in Sidoarjo District, by prioritizing the importance of planning and evaluation that produces feedback for improving financial literacy.Research  limitation/implications:  The  data  were  collected  fromMSME creative industry sector in Sidoarjo District.  It is limited in that it may not  have captured the  reflections  of  MSME creative industry sector  in  Indonesia  that maybe differed from the sample used. Practical implications: The condition of SMEs in the creative industry sector in Sidoarjo District currently still has limitations with various problems. The limitations experienced include financial skills, and financial behavior, limited access to information and technology.  Therefore, financial literacy is crucial for SMEs to improve their business performance. Several studies have been conducted to prove that financial literacy contributes to the improvement of MSME performanceOriginality/value: This research contributed to identifying how respondents need a Systematic, integrated, and sustainable education for SMEs regarding financial literacy is needed to build a strong business foundation. 
STIMULATION INTELLECTUAL AND INDIVIDUALIZED CONSIDERATION IN LEADING EMPLOYEES: A STUDY IN ONE LOCAL AUTHORITY Azman Ismail; Shairazi Samsudin; Asmai Ishak
Jurnal Siasat Bisnis Vol. 12 No. 1 (2008)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study was conducted to measure the effect of transformation leadership character¬istics (i.e., intellectual stimulation and individualized consideration) and empowerment on service quality using 110 usable questionnaires gathered from employees who have worked in one city based local authority in Sarawak, Malaysia (AUTHORKEM). Stepwise regression analysis showed that the inclusion of empowerment in the analysis had increased the effect of transformational leadership characteristics on service quality. The result confirms that em¬powerment does act as a full mediating role in leadership model of the studied organization. Key words: transformational leadership, empowerment, service quality
Analisis Simultanitas Kebijakan Hutang dan Kebijakan Maturitas Hutang serta Faktor-Faktor yang Mempengaruhinya Sunarsih Sunarsih
Jurnal Siasat Bisnis Vol. 1 No. 9 (2004)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This study is aimed to test the relationship between leverage and debt maturity policies, and to reveal the factors influencing on simultaneity analysis of leverage and debt maturity policies on Indonesia manufacture industry. This specific study took 130 firms, which were listed in Jakarta Stock Exchange from 1994 until 1998, as its sample. Data are gathered through pooling data. The endogenous variables that are used in this study are: leverage and debt maturity. While the exogenous variable are: (1) invistment opportunity set, (2) firm size, (3) signaling effect, (4) non debt–tax shiled and (5) asset maturity. Using two-stage least square (2SLS) as method analysis, the result of the analysis shows that firm size and non debt–tax shield have significant influence on leverage policy, but inconsistent with the hypothesis. While firm size, signaling effect, and asset maturity have significant ifluence on debt maturity policy. This study revealed the com¬plement relationship between leverage and debt maturity. It mean that both policies have simultaneous relation¬ship positively.Keyword: Simultaneity, leverage, debt maturity, invistment opportunity set, firm size, signaling effect, non debt–tax shiled, and asset maturity.
Resensi Buku: The Living Company Ayu Chairina Laksmi; Suwarsono Muhammad
Jurnal Siasat Bisnis Vol. 1 No. 8 (2003)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Book ReviewJudul buku    : The Living CompanyPenulis    : Arie de GeusPengantar    : Peter M. SengePenerbit    : Harvard Business School PressTahun terbit    : 1997Tebal    : xiv + 214 hal
Persepsi Pejabat Pengguna Anggaran terhadap Efektivitas Implementasi Anggaran Berbasis Kinerja Ditinjau dari Aspek Rasional (Survei pada Pemerintah Kota Surakarta) Djoko Suhardjanto; Bayu Tri Cahyo
Jurnal Siasat Bisnis Vol. 12 No. 2 (2008)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The objectives of this research is to examine the influence of rational aspects such as resources, information, goal orientation and the measuring performance upon the implementation of the effectiveness performance based budgeting. Tthis research uses purposive sampling to get data. There are 72 respondents who have responsibilities in the budgeting in district working unit in local government Surakarta. Results of multiple regression analysis show that resources variable (p-value 0.031) and performance measurement system (p-value 0.005) affect positively the effectiveness of the implementing performance based budgeting in local government. It means that an increase in resources and development in performance measurement will increase the effectiveness of budgeting.Keywords: effectiveness, performance, budgeting, resources, information, measurement
Pengaruh Kualitas Jasa Perguruan Tinggi Swasta terhadap Loyalitas Mahasiswa Albari Albari
Jurnal Siasat Bisnis Vol. 13 No. 3 (2009)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The study focuses on the effects of service quality on private institutions of tertiary studies toward students’ trust and students’ loyalty. The service quality in education can be measured into soft attribute as well as hard attribute approaches.Using convenience sampling, the sample involved 288 Post Graduate Students. They represent from all Schools of Management at Private Institutions of Tertiary Studies in which they have Magister Management Program in Yogyakarta. The results show Soft Service Quality positively influence on Excellent Performance Perceptions and Trust. Meanwhile, Excellent Performance Perceptions positively influence on Trust, and Trust positively influence on Loyalty. When Trust as mediating, the study examines that Relationship Quality indirectly positively influence on Loyalty. Keywords: soft service quality, hard service quality, trust, loyalty.
Fairness of Strategic Resource Allocation, Team Commitment and Commitment to Implementing Strategy in Indonesian International Joint Ventures Syukri Lukman; Aizzat Mohd. Nasurdin; Osman Mohamad
Jurnal Siasat Bisnis Vol. 16 No. 1 (2012)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Penelitian ini bertujuan untuk mengkaji hubungan antara keadilan alokasi sumber daya strategis, komitmen manajemen tim ke beberapa pihak, dan strategi perusahaan patungan internasional di Indonesia. Penelitian ini menggunakan sampel sebanyak 113 perusahaan patungan internasional. Hasil analisis regresi menunjukkan adanya hubungan positif antara keadilan alokasi sumber daya strategis dan komitmen tim untuk menerapkan strategi dimana komitmen tim bertindak sebagai mediator. Selain itu, keadilan alokasi sumber daya strategis mempunyai hubungan positif dengan komitmen tim dan strategi tim.Kata kunci: Keadilan Alokasi Sumber Daya Strategis, Komitmen Tim, Komitmen Implementasi Strategi, Perusahaan Patungan Internasional, Indonesia
PENGARUH HEDONIC SHOPPING MOTIVATIONS DAN STORE ATTRIBUTES TERHADAP SHOPPER LOYALTY Siti Fathonah
Jurnal Siasat Bisnis Vol. 13 No. 3 (2009)
Publisher : Management Development Centre (MDC) Department of Management, Faculty of Business and Economics Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The aim of this study is to investigate the influence of the hedonic shopping motivations and store attributes on the shopper loyalty. Considering the results of previous studies, this study also investigates the role of consumers’ demographic in moderating the process of shopper loyalty formation. Samples of 200 respondents who shopped in Solo Square were involved in the study. Structural Equaion Modelling was employed to analyze the research model. The results indicate that the store attributes does not only affect the shopper loyalty directly, but also influences indirectly through hedonic shopping motivations. Meanwhile, the role of respondents’ demographic varies in moderating the formation of shopper loyalty.Keywords: Hedonic shopping motivations, Store attributes, Shopper loyalty, Age, Gendcer, Income.