Gadjah Mada International Journal of Business
Gadjah Mada International Journal of Business (GamaIJB) is a peer-reviewed journal published three times a year (January-April, May-August, and September-December) by Master of Management Program, Faculty of Economics and Business, Universitas Gadjah Mada. GamaIJB is intended to be the journal for publishing articles reporting the results of research on business, especially in the context of emerging economies.
The GamaIJB invites manuscripts in the various topics include, but not limited to, functional areas of management, accounting, international business, entrepreneurship, business economics, risk management, knowledge management, information systems, ethics, and sustainability.
Articles
15 Documents
Search results for
, issue
"Vol 16, No 3 (2014): September-December"
:
15 Documents
clear
Who Are Better Informed Before Analystsâ Forecast Changes?
Park, Tae-Jun;
Yi, Sujin;
Song, Kyojik “Royâ€Â
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (218.728 KB)
Using Korean data, we investigate information asymmetry among investors before analysts change their stock recommendations. By comparing trading activities between individuals, institutions, and foreign investors, we find that there is information asymmetry before analysts change their recommendations. Institutional investors buy/sell the stock before recommendation upgrades/downgrades, but individuals and foreign investors do not anticipate the upcoming news. We also document that the trade imbalance of institutional investors are associated with stock returns upon the announcements of recommendation changes. This result indicates that institutions take advantage of their superior information around the recommendation changes.     Â
Aknowledgement
in Chief, Editor
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (76.552 KB)
The Market Quality to Technical Analysis Performance: Intercountry Analysis
Hartono, Jogiyanto;
Sulistiawan, Dedhy
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (187.55 KB)
The main objective of this research is to discuss the impact of market quality on technical analysis profitability using inter-country analysis. Market quality is proxied by market capitalization. Technical analysis performance (profitability) is calculated using technical analysis return for MA5 indicator and short transaction strategy. This study uses the OSIRIS and Yahoo Finance databases. Using 21 countries with 50 companies for each country, this study finds that market quality affects technical analysis performance. Robustness tests are conducted for longer moving average indicators that are MA10 and MA15. To make sure that the results are not sensitive toward the strategy used, other robustness tests are conducted by using short and long-short transaction strategies. All robustness tests confirm the findings.    Â
Subject Index
in Chief, Editor
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (76.552 KB)
The Bank Lending Channel of Monetary Policy? The Panel Evidence from Egypt
Shokr, Mohamed Aseel;
Karim, Zulkefly Abdul;
Jusoh, Mansor;
Zaidi, Mohd. Azlan Shah Shah
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (227.048 KB)
This paper examines the relevance of the bank lending channel of monetary policy in Egypt using bank-level data. Previous empirical studies in Egypt that used macro-level data have not supported the relevance of the bank lending channel. However, using a sample of 32 commercial banks for the period from 1998 until 2011 and a dynamic panel GMM technique, the empirical findings revealed the relevance of the bank lending channel of monetary policy in Egypt. Moreover, there is a heterogeneity effect of monetary policy on bank loans according to bank size, in which the small banks are more affected during a monetary contraction than larger banks. This finding signals that the monetary authorities in Egypt should take cognizance of the stability of interest rates in order to stabilize the bank loan supply.      Â
Hard Cover
in Chief, Editor
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (1700.912 KB)
Cooperation and Competition among Clustered MSEs in East Java
Hoetoro, Arif
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (220.877 KB)
There has been a common picture in economic development that micro and small enterprises (MSEs) tend to conglomerate in various clusters for the sake of gaining location advantages. These MSEs then create inter-firm linkages and business strategies as the two play an important role in their performance. By taking selected manufacturing MSEs that operate in various small industrial clusters in East Java, Indonesia, this research examined the relationships between the inter-firm linkages and business strategies applied simultaneously by MSEs and their impacts on the firmâs performance. Viewed from the perspective of a co-opetition strategy, the results of this study revealed that some types of inter-firm linkages and business strategies matter for the MSEsâ performance. However, within small industrial clusters, inter-firm linkages seem to be less effective compared to business strategies in affecting a firmâs performance.   Â
Is Scissoring a Metaphor for Disconnecting a Relationship?
Chu, Hosang;
Kang, Jungyun;
Lee, Minhwan;
Kim, Hakkyun
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (211.444 KB)
A great deal of attention has surrounded the role of embodied cognition in human judgments; however, it has received very little research attention, especially in the marketing field. This research is based on the idea that the act of cutting can activate perceptions of severing relationships, as well as eliciting a sense of independence. Study 1 showed that consumers are less likely to adopt a close friendâs opinion when they engage in the act of cutting an object with scissors. Study 2 demonstrated that people are less likely to trust the reviews of online communities while cutting a piece of string with scissors. These lowered intentions to adopt othersâ opinions appeared to be mediated by increased psychological distances between the self and the information provider. In other words, people who engage in the act of scissoring unconsciously weaken or disconnect themselves from the information providers, thereby choosing not to adopt othersâ opinions. This research identifies the link between the physical activity of cutting and the mental disconnection concerning social relationships. The results provide implications in setting up an integrative framework of the consumer decision-making process involving embodied cognition.      Â
The Bank Lending Channel of Monetary Policy? The Panel Evidence from Egypt
Mohamed Aseel Shokr;
Zulkefly Abdul Karim;
Mansor Jusoh;
Mohd. Azlan Shah Shah Zaidi
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (227.048 KB)
|
DOI: 10.22146/gamaijb.5659
This paper examines the relevance of the bank lending channel of monetary policy in Egypt using bank-level data. Previous empirical studies in Egypt that used macro-level data have not supported the relevance of the bank lending channel. However, using a sample of 32 commercial banks for the period from 1998 until 2011 and a dynamic panel GMM technique, the empirical findings revealed the relevance of the bank lending channel of monetary policy in Egypt. Moreover, there is a heterogeneity effect of monetary policy on bank loans according to bank size, in which the small banks are more affected during a monetary contraction than larger banks. This finding signals that the monetary authorities in Egypt should take cognizance of the stability of interest rates in order to stabilize the bank loan supply.
Hard Cover
Editor in Chief
Gadjah Mada International Journal of Business Vol 16, No 3 (2014): September-December
Publisher : Master in Management, Faculty of Economics and Business, Universitas Gadjah Mada
Show Abstract
|
Download Original
|
Original Source
|
Check in Google Scholar
|
Full PDF (1700.912 KB)
|
DOI: 10.22146/gamaijb.5664