Management Analysis Journal
Management Analysis Journal (MAJ) is an open-access electronic journal focusing on scientific work on the field of business. This journal applies the theory developed from business research and connects it to actual business situations. The articles within this journal are published quarterly (March, June, September, and December). This journal is maintained and issued by Departement of Management, Faculty of Economics, Universitas Negeri Semarang. MAJ has been accredited by National Journal Accreditation (ARJUNA) Managed by Ministry of Research, Technology, and Higher Education, Republic Indonesia with Third Grade according to the decree No. 23/E/KPT/2019.
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The Effect of Dividend Policy on Share Price Volatility in Indonesia
Utami, Entri Lutfi;
Wtiastuti, Rini Setyo
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.33857
This study aimed to determine the effect of dividend policy on stock price volatility in Indonesia. Indicators dividend policy is a dividend payout ratio and dividend yield. The analysis in this study also involves other factors suspected to affect the stock price volatility, such as company size, company earnings volatility, debt level, and the rate of growth of the company. The population in this study are all companies listed in Indonesia Stock Exchange in 2013-3017. The samples in the study using purposive sampling method. The research sample of 270 units of observational data. The analytical method used is multiple regression analysis using Eviews program 9. The results showed that the variables that have a significant influence on the volatility of the stock price is just dividend yield. The higher the dividend yield, the lower the volatility of the stock price. Control variables significant negative effect of firm size and debt level positf significant effect. For further research should add other variables such as macroeconomic variables such as inflation, as well as extending the period of study.
A Key to Successful Business Retail
Oktarina, Rury Rosadi;
wahyono, wahyono
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.33913
The key to the success of the retail business lies in the high purchase decision among consumers. The purpose of this study is to test partially and simultaneously the influence of lifestyle, merchandise assortment, and service quality on purchase decision through purchase intention. The population in this study were all unknown numbers of Giant Semarang customers. Sampling was done by nonprobability sampling technique that is incidental sampling, with a total sample of 115 respondents. Data collection methods used were documentation and questionnaires. Data analysis was performed using path analysis, by testing hypotheses using IBM SPSS 23. The results showed that partially lifestyle and merchandise assortment had a significant influence on purchase decision, but service quality did not significantly influence purchase decision. Meanwhile, simultaneous lifestyle, merchandise assortment and service quality significantly influence purchase decision through purchase intention as an intervening variable.
Front Matter 8.2
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.35605
Back Matter 8.2
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.35607
Millenial Generations’ Awareness of Halal Supply Chain and Related Food Product in Malaysia
OSMAN, LOKHMAN HAKIM;
bt Aziz, Riadhus Solehah
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.23333
Muslim consumers especially in this millennial generation must ensure that the all supply chains food product they consume must meet halal requirements under Islamic law. Now days millennial generation more aware and concern about the integrity of halal status and also always curious about the processes and activities involved along the supply chain whether the products that they purchased were very truly Halal until end of consumption. This study seeks and examines questionnaire data from which 14 – 35 years old of millennial generations with convenience sampling where 150 consumers of halal food products with the aims to determine the extent which millennial generations’ are aware of halal principles. In addition to that, this research will also seek to determine the determinant that may affects their behavior and conducts towards halal supply chain. A survey was conducted towards halal supply chain in Malaysia. The results of this study suggested that millennial generations are increasingly aware of the halal supply chains and the advantage of halal supply chains. This study has provided exposure new insights for business owners/consumers or practitioners and policy makers whose decisions might give impact not only in halal supply chains industry but also to economic advantages.
The Effect Of Good Corporate Governance Towards Company Financial Performance
Agustina, Dwi;
Ardiansari, Anindya
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.24129
The aims of this study were to describe and analyze the effect of good corporate governance on company financial performance. The population in this study was companies listed as participant of corporate governance perception index during the period 2010-2016. The sample in this research was 105 observations which consisted of 15 companies and observation through purposive sampling method which was based on certain criteria. Analysis technique which was used in this research was simple linear regression analysis with eviews 9 program. The results of this research indicated that good corporate governance had insignificant positive effect on company financial performance. The adjusted R Square value was 0.252689 showed the ability of good corporate governance variable to explain company financial performance that was 25.27% while the rest was 74.73% could be explained by other variables. 74.73% (100% -25.27%). The conclusion of this research is GCG variable has no significant effect on company financial performance. Suggestion for company management should maintain its rate on CGPI. For the investors before investing, investors should choose companies that have good CGPI ratings. For the next researcher should replace or add other research variables, such as capital structure and financial statements quality.
The Effect of Perceived Organizational Support, Job Stress, and Organizational Culture on Job Performance
Hafidhah, Rizqi Nur;
Martono, S
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.25979
Performance is an important thing that can support organizational life. With good performance it will certainly make it easier for the organization to achieve its goals. The purpose of this study was to determine the effect of perceived organizational support, work stress, and organizational culture on job performance with partially and simultaneously test. The population in this study were all employees of PDAM Tirta Moedal Semarang City and total of the employess are 482. The samples used in this study were 83 employees using proportional random sampling technique. The methods of data collection are using interviews and questionnaires. The methods of data analysis are instrument feasibility test, descriptive analysis, classic assumption test, multiple regression test, partial significance test (t test), simultaneous significance test (f test), and coefficient of determination test using SPSS program. The results of this study showed that there was positif and significant effect of perceived organizational support and organizational culture on performance. As well as there was negatif and significant effect of job stress on performance. And the results also showed that there is a simultaneous effect independent variables on dependent variable. The conclusion of this study is to increasing employee performance are employees must have a high level of perceived organizational support, good organizational culture, and low job stress levels
The Influence of Utilitarian Value and Hedonical Values on Customer Loyalty through Customer Satisfaction
Sari, Ayuk Nurmalita;
Ardiansari, Anindya
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.26061
This study aims to determine the direct indirect influence of utilitarian value, hedonic value and customer satisfaction as an intervening variable on customer loyalty. The population of this research is customer of D’Bill Coffee & Resto. The number of sample is 107 respondents with purpose sampling technique through likert scale questionnaire. Data analysis using descriptive percentage and path analysis. The results show that utilitarian value affect customer loyalty, hedonic value affect customer loyalty and customer satisfaction influence customer loyalty and mediate the influence of utilitarian value and hedonic value on customer loyalty.
Mediating Role of Competitive Strategy and Marketing Capability on The Relationship between EntrepreneurialOrientation and Market Performance
Yanuarti, Dewi Wahyu;
Murwatiningsih, Murwatiningsih
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.26254
The purpose of this research is to analyze the influence of entrepreneurial orientation and competitive strategy to market capability and market performance in kapok mattress industry. So, this results can be used as a consideration for kapok mattress industry and the future research. Populations of this research are 157 owner of kapok mattress industry. The samples of this research are about 130 respondents and this research use questionnaries and documentations for collecting the research data. Data analysis in this research is using Structural Equation Modeling (SEM) method through IBM SPSS AMOS 22 program. The finding of this research show that entrepreneurial orientation affect marketing performance, competitive strategy affect marketing capability, entrepreneurial orientation affect marketing performance through competitive strategy, and entrepreneurial orientation affect marketing performance through marketing capability. In this research, we can conclude that the kapok mattress industry in Pati can increase the marketing performance by increasing entrepreneurial orientation, competitive strategy, and marketing capability. Moreover, this entrepreneurial orientation and competitive strategy in this research can be used in kapok mattress industry properly. For the future research, the other variables can be reviewed for the future research so the kapok mattress industry can find the other marketing strategy for increasing their marketing performance.
The Role of Time Availability in Moderating Hedonic Shopping Motivation toward Impulse Buying of Consumer Online at Harbolnas's Event
Maqhfiroh, Lailatul;
Prihandono, Dorojatun
Management Analysis Journal Vol 8 No 2 (2019): Management Analysis Journal
Publisher : Universitas Negeri Semarang
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DOI: 10.15294/maj.v8i2.26310
This study aims to examine the influences of hedonic shopping motivation toward online impulse buying on online customers online shop at Harbolnas event which time availability as moderating variable. Hedonic shopping motivation in this research are categorized into five categories whice are adventure shopping, social shopping, relaxation shopping, idea shopping and value shopping. The object of this study is customer online shop who were followed and bought product on Harbolnas event. This method of this study is quantitative research by using survey, with the sample size of one hundred and ten people who often make online purchase on Harbolnas event. The technique for sample selection is using non probability sampling with the type of purposive sampling. The data were collected by using questionnare with Likert scale. The method for data analysis is SEM ( Structual Equation Modeling) with PLS ( Partial Least Square). The results showed that hedonic shopping motivation has positive and significant influence toward impulse buying. However adventure shopping, social shopping and idea shopping has negative and not significant influence toward impulse buying. Time availability has not moderated relation between hedonic shopping motivation toward impulse buying.