Media Ekonomi dan Manajemen
For optical lens manufacturing the development of product and service quality is a key thing in answering challenges in the business competition it is developing. To achieve this determine the Key Performance Indicator (KPI), the Rejected Rate and On-Time Delivery (OTD) to measure the extent of the performance that has been achieved and how to develop it, shape the work culture of Kaizen which commits to continuous improvement and value chain analysis largely determine the process of developing production and service quality. The Kaizen culture and value chain applied in achieving the KPI target in this study succeeded in reducing the KPI Rejected Rate by 0. 46% and raise OTD by 2. 22%. The method used in this study uses a review of literature studies, observations, and direct interviews of the plant manager of one of the largest optical lenses manufacturers in Indonesia using data comparisons in 2018 and 2020
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<![CDATA[Analysis of Aggregate Herding Behavior in the Capital Market: Evidence from Indonesia and Singapore ]]>
<![CDATA[Gusni, Gusni]]>;
<![CDATA[Nugraha, Nugraha]]>;
<![CDATA[Disman, Disman]]>;
<![CDATA[Chochole, Tomas]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3934
<![CDATA[The high uncertainty in the capital market due to some crises that hit the world over the last few decades has the potential to cause herding behavior in the aggregate capital market, both in developed and emerging capital markets. The main objective of this study is to detect the existence of herding behavior, including asymmetric herding and global factor drives (oil prices and fed fund rates) on aggregate herding behavior in the Indonesian and Singapore capital markets during the period Jan 2015 to December 2020. This study employs a cross-sectional dispersion approach to achieve study goals. Research findings denote aggregate herding behavior occurs only in the Singapore capital market, while in Indonesia no herding behavior is detected. Asymmetric herding testing for both capital markets revealed no herding tendency in up and down market conditions. This condition implies that low volatility cannot ensure the absence of aggregate herding behavior. Global factors have proven to significantly drive herding behavior in the Singapore capital market, while in Indonesia it is only the oil price. The findings of this study will provide information that policymakers can use to maintain capital market stability in both countries.]]>
<![CDATA[The Roles of Job Satisfaction and Perceived Supervisor Support in the Relationship between Followership Styles and Psychological Well-Being ]]>
<![CDATA[Tuhumury, Endy]]>;
<![CDATA[Putranta, Martinus Parnawa]]>;
<![CDATA[Paepae, Mpholle Clement]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.4013
<![CDATA[The quest to provide excellent services causes the aviation industry face challenges that can impair the well-being or “happiness†of its employees. Therefore, managing employee well-being is crucial for the industry to help its employees feel positive while serving the companies. This research aimed to examine the roles of followership styles, job satisfaction and perceived supervisor support in promoting psychological well-being in the Indonesian air transport operator contexts. Specifically, the research examined the impact of job satisfaction on psychological well-being and assessed whether job satisfaction itself was influenced by employees’ followership styles and their perceived supervisor support. A test was also performed to examine the moderating role of perceived supervisor support in the relationship between followership styles and job satisfaction. On-line questionnaires were distributed to potential respondents using a combination of convenience and purposive sampling.  A number of 109 non-managerial employees from several Indonesian commercial and non-commercial air transport operators involved.  Structural Equation Modeling was adopted to test the proposed hypotheses. The findings showed the majority of respondents enacted “exemplary followership†styles. This style positively related to job satisfaction. However, perceived supervisor support was not found to moderate the relationship. The managerial implication of the findings is outlined.]]>
<![CDATA[The Impact of Employer Branding on Turnover Intention in Pharmaceutical Industries: Does Generation Matter? ]]>
<![CDATA[Gracita, Ivana]]>;
<![CDATA[Anindita, Rina]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3700
<![CDATA[In an increasingly globalized economy, organizations are increasingly competing for the best employees who are skilled in professional fields. Employer branding has an important role in helping organizations find new employees and retain existing employees. The goal of this study was to look at the effect of employer branding on organizational commitment and turnover intention in the pharmaceutical industry, as it was moderated by generation. The population sample is made up of Generation X, Y, and Z workers in the pharmaceutical industries in Indonesia. The sampling technique uses a non-probability sampling method with purposive sampling. PLS-SEM was utilized in this study to analyze data from 175 samples. The research results have proven that employer branding increases organizational commitment and decreases turnover intention. Organizational commitment reduces turnover intention. Moreover, the relationship between employer branding and turnover intention might be mediated by organizational commitment. The association between organizational commitment and turnover intention or employer branding and turnover intention cannot be moderated by generation because it has no impact on turnover intention in the pharmaceutical industries. Corporate leaders need to establish and develop employer branding to increase organizational commitment and reduce turnover intentions in the pharmaceutical industry.]]>
<![CDATA[Environmental Concern: Antecedents of Ecotourism Visit Intention with Time Perspective and Destination Image as Determination Variables ]]>
<![CDATA[Wismantoro, Yohan]]>;
<![CDATA[Susilowati, MG Westri Kekalih]]>;
<![CDATA[Chasanah, Amalia Nur]]>;
<![CDATA[Wiet Aryanto, Vincent Didiek]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3945
<![CDATA[Environmental damage and sustainability become the center of attention along with climate change today. One of the interesting things is the change in behavior in the consumption of products categorized as "green", including in terms of choosing tourism destinations. Environmentally friendly tourism destinations or ecotourism is increasingly becoming an option for those who care about the environment. Ecotourism is also used by many countries, including travel agents, to increase their economic value or profit. This study aims to investigate how the role of Environmental Concern as antecendent of Ecoturism Visit Intention mediates the influence of Future Time perspective and Destination Image toward Ecotourism visit Intention.  This research involved 200 respondents who had visited ecotourism destinations at least twice, which was obtained using a convenience sample approach. The data were analyzed using Structural Equation Modelling (SEM) which were processed using the SmartPLS 4.0 statistical package. The result shows that Future Time perspective and Destination’s Image positively impact Ecotourism Intention.  Future Time perspective and Destination’s Image also influence Ecotourism Intention indirectly through Environmental Concern as the mediating variable. As an implication, the government and travel agents improve service readiness and perception of high-value propositions to develop a better destination image.]]>
<![CDATA[Corporate Governance and Financial Ratios of Manufacturing Companies on Financial Distress: The Main Board and Development Board of IDX ]]>
<![CDATA[Adielyani, Dea]]>;
<![CDATA[Pangestuti, Irene Rini Demi]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3550
<![CDATA[Financial distress is a condition where a company is unable to meet its obligations when they directed to bankruptcy. The purpose of this study was to analyze influence of corporate governance, profitability, liquidity, leverage and earning growth on financial distress. Research sample data used in this study were manufacturing companies listed on the main board and development board on the Indonesia Stock Exchange in 2016-2020. Logistic regression analysis had been applied to analyze data of study. The results show that the factors that influence Financial Distress in manufacturing companies on the main board and development board were different. For manufacturing companies on main board, influencing factors of financial distress were independent audit committee, liquidity, leverage, and earning growth. Meanwhile, board size, profitability, liquidity, leverage and earning growth were influencing factors of financial distress for manufacturing companies on development board.]]>
<![CDATA[Knowledge Sharing as Key Driver for the Rise of Innovative Work Behavior ]]>
<![CDATA[Nugroho, Riyadi]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3513
<![CDATA[This study aims to examine the direct effect of job stress and transformational leadership on innovative work behavior. Furthermore, the purpose of this study is to investigate the role of knowledge sharing as a moderator in the relationship between job stress and transformational leadership on innovative work behavior. The data in this study were collected from 2,277 respondents who are teaching staff at higher education institutions in Indonesia. This study adopts a structural equation model approach with partial least squares testing (SEM-PLS) as a data analysis technique. This research proves that job stress and transformational leadership have a significant direct effect on innovative work behavior. This study also found that the link between job stress and transformational leadership and innovative work behavior is significantly mediated by knowledge sharing. The conclusion of this research reveals that knowledge sharing is a key driver of innovative work behavior among university academic staff in Indonesia. It is important to create a collaborative and supportive work environment, fosters creativity and innovation, and enables academic staff to stay up-to-date with the latest trends and developments in their field.]]>
<![CDATA[Customer Switching Intention: The Integrated Framework of Disconfirmation Theory ]]>
<![CDATA[Prananta, Widya]]>;
<![CDATA[Noekent, Vitradesie]]>;
<![CDATA[Wijaya, Angga Pandu]]>;
<![CDATA[Hapsoro, Bayu Bagas]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3772
<![CDATA[Due to growing competition, customer retention has become a big problem in many service companies. Within a conceptual model for consumer switching intention, this article examines the influence of customer experience, customer satisfaction, and switching intention to green products, all of which are controlled by online information. Even though scholars have researched consumer switching intentions and the elements that influence them, the complex structural processes that minimize the chance of switching intentions in higher education institutions have remained unstudied. This paper addresses the role of customer experience and customer satisfaction to switching intentions moderated by online information. Data is collected through a questionnaire survey. This study employs purposive sampling to obtain respondents (n = 135), with the criteria, students at Universitas Negeri Semarang, a Conservatory University, who wish to switch to green products. Empirical findings support the proposed model and hypotheses, demonstrating that (1) customer satisfaction is negatively related to switching intention, and (2) The online information factor further strengthens the relationship between customer satisfaction and switching intention. The findings of this study provide a unified understanding of the structural relationships that contribute to increased green switching intention to the development of disconfirmation theories in the higher-education context. Implementing a green campus within Universitas Negeri Semarang, campus communities are encouraged to switch to environmentally friendly products to support green campus policies.]]>
<![CDATA[Accelerating Soe's Employee Innovative Work Behavior: the Effect of Transformational Leadership and Psychological Capital with Knowledge Sharing as Intervening Variable ]]>
<![CDATA[Anggraeni, Putri]]>;
<![CDATA[Rachmawati, Riani]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3992
<![CDATA[Innovation is essential in the current dynamic and competitive business environment. Therefore, the company must leverage innovative work behavior to all employees to continuously create new products/services and update the work process. Researchers and practitioners argue that proper leadership, positive psychological, and knowledge-sharing activities are relevant factors in encouraging and accelerating employees’ innovative work behavior. In order to improve State-owned enterprise (SOE) employees’ innovative work behavior and bear up previous research gaps, this study investigates whether transformational leadership and psychological capital encourage innovative work behavior in SOE employees, directly and indirectly, using knowledge-sharing as an intervening variable. The researcher processed clean data from 303 respondents who completed online questionnaires using the Structural Equation Modeling method. The result found that transformational leadership and psychological capital positively affected the innovative work behavior of SOE employees, both directly and through knowledge-sharing activities. However, the magnitude of psychological capital toward the innovative behavior of SOE employees directly and through knowledge-sharing activities is more substantial than transformational leadership. Furthermore, theoretical and practical implications are discussed. Furthermore, theoretical and practical implications are discussed. Lastly, the company can use the results to intervene in relevant factors to increase employee innovation.]]>
<![CDATA[Determinants of United States - Indonesia Equity Market’s Dynamic Correlation: The Role of Commodities and Exchange Rate’s Volatilities ]]>
<![CDATA[Robiyanto, Robiyanto]]>;
<![CDATA[Pangesti, Essy Indah]]>;
<![CDATA[Harijono, Harijono]]>;
<![CDATA[Frensidy, Budi]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3595
<![CDATA[This study aims to analyze the effect of oil price volatility, gold price volatility and exchange rate volatility on the dynamic relationship between Indonesian and United States capital market. The data used in this study are daily closing prices of oil, gold and exchange rates (USD/IDR) as well as Indonesian capital market (JKSE) and United States capital market (DJIA) composite indices during period of January 2005 to October 2020. This study uses DCC-GARCH method to calculate the dynamic correlation between two capital markets and GARCH with the GED parameter to analyze oil volatility, gold volatility and exchange rate volatility on the integration of Indonesian capital market and United States capital market. The results of this study show positive and strong results on the integration of Indonesian and United States capital markets, thus proving that the movements of Indonesian market and American market tend to be strong and mutually influence the two capital markets. Moreover, the oil, gold and exchange rates volatilities have a negative effect on the integration of the Indonesia capital market and the US capital market. This finding implies investors should take oil, gold and exchange rates volatilities in their investment consideration.]]>
<![CDATA[Asymmetric Price Transmission of Some Basic Commodities in Indonesia ]]>
<![CDATA[Ekananda, Mahjus]]>
<![CDATA[ Media Ekonomi dan Manajemen Vol 38, No 2 (2023): July 2023 ]]>
Publisher : <![CDATA[Fakultas Ekonomika dan Bisnis UNTAG Semarang ]]>
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DOI: 10.56444/mem.v38i2.3924
<![CDATA[The prices of these international goods, world oil prices, exchange rates, and government policies, always influence developments in the current global era that drive domestic commodity prices. This study aims to analyze the effect of asymmetric price transmission on several Indonesian domestic commodities. Asymmetric price transmission occurs if the speed of price adjustment above or below the price trend is not the same. Positive or negative price changes occur if the price is above or below the price trend. Under dynamic conditions, each price will adjust to the long-term price level. This study applies the error correction model (ECM) method to capture the speed of adjustment of each commodity following the long-term price level. This study involves asymmetric price transmission to see price adjustments. Econometric testing through the error correction model is used to determine how much the domestic price adjustments are when there is an increase or decrease in international prices for essential commodities. The results showed an adjustment in domestic prices when global prices increased or decreased for wheat flour, granulated sugar, soybeans, beef, and broiler meat. Based on the coefficient and significance level, there was no domestic price adjustment for rice and broiler chicken eggs. Policy implications include providing input for policymakers in determining prices so that market prices are stable and in line with people's purchasing power.]]>
