cover
Contact Name
-
Contact Email
-
Phone
-
Journal Mail Official
-
Editorial Address
-
Location
Kab. sleman,
Daerah istimewa yogyakarta
INDONESIA
Gadjah Mada International Journal of Business
ISSN : 14111128     EISSN : 23387238     DOI : -
Core Subject : Economy,
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.
Arjuna Subject : -
Articles 617 Documents
Unusual Market Activity Announcements: A Study of Price Manipulation on the Indonesian Stock Exchange Hanafi, Mamduh M.
Gadjah Mada International Journal of Business Vol 12, No 2 (2010): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (310.924 KB)

Abstract

We investigate stocks involved in the Unusual Market Activity (UMA) Announcements. The Indonesian Stock Exchange occasionally issues UMA announcements when it suspects that there are unusual price increases (positive UMAs) or price decreases (negative UMAs), as well as unusual increases in trading volumes. We believe that UMA announcements signal a high probability that stocks are being manipulated. We find no differences in fundamentals and trading variables between stocks in the UMA announcements and those not in the UMA announcements. Any stock is vulnerable to market manipulation. Stocks in the UMA announcements do not exhibit reversal patterns, suggesting that price effect is permanent. UMAs seem to convey relevant information, which is most likely in the form of insider type of information.Keywords: emerging market; price manipulation; unusual market activity announcement.
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)

Abstract

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 friend’s 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 others’ 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 others’ 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.       
The Recency Effect of Accounting Information Hartono, Jogiyanto
Gadjah Mada International Journal of Business Vol 6, No 1 (2004): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

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

Abstract

See in the full tex
DETERMINANTS OF ENTREPRENEURIAL INTENTION: The Case of Norwegian Students Indarti, Nurul; Krinstiansen, Stein
Gadjah Mada International Journal of Business Vol 5, No 1 (2003): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (50.17 KB)

Abstract

This paper aims to identify determinants of entrepreneurial intentions among young people. The empirical basis is Norwegian students, while an objective is also to create a basis for comparative studies among different economic and cultural contexts. Independent variables in the study include demographic factors and individual background, personality traits, and contextual elements like access to capital and information. The individual perceptions of self-efficacy and instrumental readiness are the variables that affect entrepreneurial intentions most significantly. Age, gender and educational background have no statistically significant impact. Generally, the level of the entrepreneurial intentions among Norwegian students is relatively low, which may be explained by social status and economic remuneration of entrepreneurs compared with employees in the Norwegian context.
The Impact of Public Capital Investments on the Revenue Growth of Medium Enterprise in Indonesia Tirtosuharto, Darius
Gadjah Mada International Journal of Business Vol 14, No 3 (2012): 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 (199.852 KB)

Abstract

Public capital investment represents the role of state and local governments in supporting greater capacity of private enterprises to gain success in a market economy measured by revenue growth. Medium enterprises are considered as the catalysts for economic growth and competitiveness particularly in developing countries due to efficiency and flexibility in an adverse economic environment. Using aggregate data of 30 states (provinces) in Indonesia from 1997-2002, the impact of public capital investment on the revenue growth of medium enterprise is examined. The paper finds that only medium enterprises in the industrial and trading sector benefited from public capital investments and the most optimum capital investment is in transport infrastructure.    
Behavior of Stock Price Variability over Trading and Nontrading Periods, and Daily Return Volatility Sumiyana, Sumiyana
Gadjah Mada International Journal of Business Vol 9, No 3 (2007): 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 (355.569 KB)

Abstract

This study examined the behavior of stock price variability over trading and nontrading periods, and daily return volatility. This study used intraday data in Indonesia Stock Exchange. Sample was taken from the firms listed in LQ 45 indexes for the year of 1999-2006. The behavior of stock price variability and daily return volatility, according to previous theories, is influenced by the array of public and private information.This study concludes that return variance over trading and nontrading periods, along with overnight and lunch break nontrading session, and the first and second trading session, has differed significantly. In addition, daily return volatility is also not identical significantly. Subsequently, this study used size, trading volume, bid-ask spreads and up-down market as control variables. This study contradicts to all prior studies. This study especially suggests contra evidence in comparisons with previous concepts and theories in regards to size, trading volume, bid-ask spreads, and up-down market as control variables.
The Impact of Financial, Non-Financial, and Corporate Governance Attributes on The Practice of Global Reporting Initiative (gri) Based Environmental Disclosure Frendy, -; Kusuma, Indra Wijaya
Gadjah Mada International Journal of Business Vol 13, No 2 (2011): May-August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (221.727 KB)

Abstract

Business entities are able to exert their influence on particular stakeholders for the benefit of their interest by managing the information they disseminate to the public, particularly if there is no regulation on such issue in place. Accordingly, the extent of accounting information disclosed to the public, specifically voluntary environmental information, is determined by the internal characteristics of the business entities. The objective of this research is to test the financial, non-financial, and corporate governance attributes of Indonesian public companies which contribute to the extent of environmental information disclosure in Indonesia. This research measured the extent of Indonesian public companies’ environmental disclosure using Environmental Disclosure Index (EDI) as a dependent variable. The index is developed from the parameters under environmental protocols of the Global Reporting Initiative (GRI) G3 framework. Samples of 35 Indonesian public companies are purposively chosen for each of the year from 2005-2008 to form a total of 140 observations.The testing results conclude that size of company, economic performance, and industry sensitivity positively affect environmental disclosure. This research is limited by an assumption that Indonesian public companies employ annual report as the primary means to publicize financial and non-financial information to public.     
A Structural Model of Business Performance: An Empirical Study on Tobacco Farmers Priyanto, Sony Heru
Gadjah Mada International Journal of Business Vol 8, No 1 (2006): January-April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (654.275 KB)

Abstract

Few studies have been conducted on how farmers’ entrepreneurship affects their farm performance. However, factors of entrepreneurship have not been adequately explored by researchers. Textbooks and articles on farm management usually stress the importance of farmers’ management capability with respect to their farm output. Unfortunately, they have failed to relate management capability to entrepreneurship. This study was conducted using a multilevel analysis with Structural Equation Model (SEM) to know the causal relationships among environment factors such as the country’s economy, natural resources, institutions and organizations, individual backgrounds, entrepreneurship, management capacity, and farm performance. The cross-sectional data was obtained in 2003 from four dominant tobacco-producing districts in Central Java. The multilevel model –that relates external environment, entrepreneurship, and management capacity– can adequately represent the data to estimate farm performance.The results of the analysis indicate that factors like personal aspects, together with physical, economic and institutional environments, affect farmers’ entrepreneurship. Personal aspects turn out to be the dominant factor that determines entrepreneurship and farm performance. This study also shows that farmers’ entrepreneurship is affected by their management capacity, which, in turn, affects the farmers’ farm performance. While there is no doubt in the adequacy of the model to estimate farm performance, this finding invites further investigation to validate it in other fields and scale of business, such as in small and medium enterprises and other companies. Furthermore, in order to evaluate the goodness of fit of the model in various contexts, further research both in a cross-cultural context and cross-national contexts using this model should be conducted.
Integration of Stock Markets between Indonesia and Its Major Trading Partners Karim, Bakri Abdul; Majid, M. Shabri Abdul; Abdul Karim, Samsul Ariffin
Gadjah Mada International Journal of Business Vol 11, No 2 (2009): May - August
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (84.617 KB)

Abstract

Using Autoregressive Distributed Lag (ARDL) and Vector Autoregressive (VAR) frameworks, this study examines the integration between the emerging stock market of Indonesia and its major trading partners (i.e., Japan, the U.S., Singapore, and China). During the period of July 1998 to December 2007, the Indonesian stock market is found to be integrated with its major trading partners. Thus, this implies that there is a limited room available for investors to gain risk-reduction benefits through diversifying their portfolio in those markets. Meanwhile, in the short run, the Indonesian market responds more to shocks in the U.S. and Singapore than in Japan and China. In designing policies pertaining to its stock market, the Indonesian government should take into account any development in the stock markets of its major trading partners, particularly the U.S. and Singaporean markets.
Cointegration and Causality Analysis on Developed Asian Markets for Risk Management and Portfolio Selection Herwany, Aldrin; Febrian, Erie
Gadjah Mada International Journal of Business Vol 10, No 3 (2008): 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 (95.098 KB)

Abstract

Both practitioners and academics demand a linkage model across financial markets, particularly among regional capital markets, for both risk management and portfolio selection purposes. Researchers frequently use cointegration and causality analysis in investigating the dependence or co-movement of three or more stock markets in different countries. However, they mostly conduct causality in mean tests but not causality in variance tests.This study assesses the cointegration and causal relations among seven developed Asian markets, i.e., Tokyo, Hong Kong, Korea, Taiwan, Shanghai, Singapore, and Kuala Lumpur stock exchanges, using more frequent time series data. It employs the recently developed techniques for investigating unit roots, cointegration, time-varying volatility, and causality in variance. For estimating portfolio market risk, this study employs Value-at-Risk with delta normal approach. The results would recommend whether fund managers are able to diversify their portfolio in these developed stock markets either in long run or in short run.

Filter by Year

1999 2026


Filter By Issues
All Issue Vol 28, No 1 (2026): January Vol 27, No 3 (2025): September-December Vol 27, No 2 (2025): May-August Vol 27, No 1 (2025): January - April Vol 26, No 3 (2024): September-Desember Vol 26, No 2 (2024): May-August Vol 26, No 1 (2024): January - April Vol 25, No 3 (2023): September-December Vol 25, No 2 (2023): May-August Vol 25, No 1 (2023): January-April Vol 24, No 3 (2022): September-December 2022 Vol 24, No 2 (2022): May - August 2022 Vol 24, No 1 (2022): January-April Vol 23, No 3 (2021): September-December Vol 23, No 2 (2021): May-August Vol 23, No 1 (2021): January-April Vol 22, No 3 (2020): September-December Vol 22, No 2 (2020): May-August Vol 22, No 1 (2020): January-April Vol 21, No 3 (2019): September-December Vol 21, No 2 (2019): May-August Vol 21, No 1 (2019): January-April Vol 20, No 3 (2018): September-December Vol 20, No 2 (2018): May-August Vol 20, No 1 (2018): January-April Vol 19, No 3 (2017): September-December Vol 19, No 2 (2017): May-August Vol 19, No 1 (2017): January- April Vol 18, No 3 (2016): September-December Vol 18, No 2 (2016): May-August Vol 18, No 1 (2016): January-April Vol 17, No 3 (2015): September-December Vol 17, No 3 (2015): September-December Vol 17, No 2 (2015): May-August Vol 17, No 1 (2015): January-April Vol 17, No 1 (2015): January-April Vol 16, No 3 (2014): September-December Vol 16, No 3 (2014): September-December Vol 16, No 2 (2014): May-August Vol 16, No 2 (2014): May-August Vol 16, No 1 (2014): January-April Vol 16, No 1 (2014): January-April Vol 15, No 3 (2013): September - December Vol 15, No 3 (2013): September - December Vol 15, No 2 (2013): May-August Vol 15, No 2 (2013): May-August Vol 15, No 1 (2013): January - April Vol 15, No 1 (2013): January - April Vol 14, No 3 (2012): September-December Vol 14, No 3 (2012): September-December Vol 14, No 2 (2012): May - August Vol 14, No 2 (2012): May - August Vol 14, No 1 (2012): January - April Vol 14, No 1 (2012): January - April Vol 13, No 3 (2011): September-December Vol 13, No 3 (2011): September-December Vol 13, No 2 (2011): May-August Vol 13, No 2 (2011): May-August Vol 13, No 1 (2011): January-April Vol 13, No 1 (2011): January-April Vol 12, No 3 (2010): September - December Vol 12, No 3 (2010): September - December Vol 12, No 2 (2010): May - August Vol 12, No 2 (2010): May - August Vol 12, No 1 (2010): January - April Vol 12, No 1 (2010): January - April Vol 11, No 3 (2009): September - December Vol 11, No 3 (2009): September - December Vol 11, No 2 (2009): May - August Vol 11, No 2 (2009): May - August Vol 11, No 1 (2009): January - April Vol 11, No 1 (2009): January - April Vol 10, No 3 (2008): September - December Vol 10, No 3 (2008): September - December Vol 10, No 2 (2008): May - August Vol 10, No 2 (2008): May - August Vol 10, No 1 (2008): January - April Vol 10, No 1 (2008): January - April Vol 9, No 3 (2007): September - December Vol 9, No 3 (2007): September - December Vol 9, No 2 (2007): May - August Vol 9, No 2 (2007): May - August Vol 9, No 1 (2007): January - April Vol 9, No 1 (2007): January - April Vol 8, No 3 (2006): September-December Vol 8, No 3 (2006): September-December Vol 8, No 2 (2006): May - August Vol 8, No 2 (2006): May - August Vol 8, No 1 (2006): January-April Vol 8, No 1 (2006): January-April Vol 7, No 3 (2005): September-December Vol 7, No 3 (2005): September-December Vol 7, No 2 (2005): May-August Vol 7, No 2 (2005): May-August Vol 7, No 1 (2005): January-April Vol 7, No 1 (2005): January-April Vol 6, No 3 (2004): September-December Vol 6, No 3 (2004): September-December Vol 6, No 2 (2004): May-August Vol 6, No 2 (2004): May-August Vol 6, No 1 (2004): January-April Vol 6, No 1 (2004): January-April Vol 5, No 3 (2003): September-December Vol 5, No 3 (2003): September-December Vol 5, No 2 (2003): May-August Vol 5, No 2 (2003): May-August Vol 5, No 1 (2003): January-April Vol 5, No 1 (2003): January-April Vol 4, No 3 (2002): September-December Vol 4, No 3 (2002): September-December Vol 4, No 2 (2002): May-August Vol 4, No 2 (2002): May-August Vol 4, No 1 (2002): January-April Vol 1, No 2 (1999): September More Issue