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Management Analysis Journal
ISSN : 22526552     EISSN : 25021451     DOI : 10.15294/maj
Core Subject : Science,
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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Articles 905 Documents
Problematic Firms Mostly Take More Risks? : Prospect Theory Testing in Indonesia Rahman, Fernanda Alfian; Yulianto, Arief
Management Analysis Journal Vol 10 No 2 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i2.49034

Abstract

Prospect Theory Kahneman & Tversky (1979) is a behavioral theory that discusses risk taking viewed under certain conditions, whether in a win or loss condition. There is inconsistent behavior between theory and reality in companies in Indonesia. This research method uses a quantitative approach with the object of research being all companies listed on the Indonesia Stock Exchange from 2010 to 2019. The sample selection uses a purposive sampling method. The sample used as many as 206 companies with 1614 observations. This research uses ANOVA data analysis technique. Based on the results of this study, it shows that prospect theory is not supported in this study
The Competitiveness Advantage of Enterprises : A Decision Strategy Fahlefi, Diva Riza; Indriani, Farida
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.43946

Abstract

In today's globalized world, trade has become increasingly complex. The dependence that grows between markets and increasing competition makes it increasingly difficult to defend a company's market position. It is increasingly difficult for companies to maintain their competitive advantage. Therefore, companies need to make a strategy for their position and build a competitive advantage (Competitive Advantage). The company must be able to make the best use of its strengths and must meet customer needs to achieve a competitive advantage that will facilitate the elimination of competition and gain large profits. SWOT analysis can be used to find the competitive advantage of a company. The method used in this study is a SWOT analysis. The result of this research shows that companies in quadrant I can implement aggressive or SO strategies. This strategy is in the form of utilizing the abilities and skills of good employees to create unique new products, improve company facilities that are in strategic places, and improve service to customers so that they are more familiar.
The Determinants Of Firm Performance Of Indonesian Listed Companies Kaylsi, Helmi Khairunnisa Putri; Khoiruddin, Moh.
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.45684

Abstract

One of the important aspects in the company is company performance. In company performance, there are aspects of financial performance that are important to measure in order to get a picture of the company’s financial condition. This study aims to examine the effect of firm size, growth opportunity, and asset structure on financial performance with capital structure as an intervening variable. This research is a quantitative research. The samples of this study are property and real estate companies listed on the IDX for the 2015-2019 period. The data collection method uses the documentation method from secondary data in the form of an annual report that has been published on the IDX. The data analysis method used is multiple regression method and single test. Firm size, growth opportunity, asset structure and capital structure have a 74. 51% influence on the performance of property and real estate companies. This study shows that firm size, asset structure and capital structure have a negative effect on firm performance, while growth opportunity has no effect on financial performance. The capital structure has not been able to mediate the effect of independent variables on financial performance.
Determinants of Economic Development in Nigeria: How Much Does Governance Matter? Olabiyi, Kehinde Ajike; Olowookere, Johnson Kolawole
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.46790

Abstract

This study was carried out to determine the effects of governance on economic development in Nigeria. Annual time series data on Nigeria from 1996 to 2019 on GDP per capita, Control of corruption, Rule of Law, Voice and Accountability, Natural Resources, Investment, and Total Government Expenditure which were sourced from World Development Indicator database were used for the analysis. Auto Regressive Distributed Lag (ARDL) technique was employed in the study. The result indicated that the variables exhibited long run relationship and that all the explanatory variables are significant determinants of economic development (except Natural Resources) during the period of the study. The results suggested that a unit increase in the level of, control of corruption, investment, and total government expenditure dampens economic development by 26.3%, 8.08%, and 2.2% respectively in the long run, while a unit increase in voice and accountability, and income from natural resources enhance economic development in Nigeria by 57.5% and 3.7% respectively. The study therefore recommended the enhancement of good governance whereby citizens’ voice and choice prevail in government. Bureaucracy in government’s organization should also encourage accountability and transparency. Furthermore, an ideal policy environment that promotes domestic investment, and reduce cost of governance should be promulgated.
Exploring Digital Marketing Strategies toward Inbound-Outbound Techniques: A Qualitative Analysis of Turkish Startups Sahin, Begum
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.47394

Abstract

Startups often fail due to the lack of successful marketing strategies as it directly effects their business growth. This paper aims to explore the awareness and the propensity of digital marketing approach in technology-oriented entrepreneurship toward inbound-outbound marketing techniques. In this regard, a qualitative analysis is adopted to two selected startups through case studies. Data is collected by in-dept interviews and documentary analysis is used considering qualitative nature. The results are presented toward content analysis as data-treatment technique. The empirical evidence obtained identifies that the digital marketing implemented by startups is quite low, moreover, the importance and the advantages like running cost and customer value creation are not recognized yet. The study also releases that traditional marketing is preferred within digital marketing and traditional marketing feeds and even captures both inbound and outbound marketing techniques. The contribution of this study is to propose an integrative and holistic model for entrepreneurs with the combination of traditional and digital marketing approach. The model can be accepted as a useful tool to improve the marketing management competencies of startups and guide the marketing activities concurrently.
Recruitment, Compensation, and Leadership on Employee Performance with The Supervision of PT Garuda Indonesia's Work Fadhila, Ghea Ajrina; Yuniawan, Ahyar
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.48094

Abstract

The reason of this think about is to decide the influence of a few factors counting Competency, Remuneration, and Authority on Worker Execution. The question of this think about is a permanent employee of PT. Garuda Indonesia Jakarta. The methods used are Descriptive and Simple Regression Methods are used to test hypotheses. Respondents included in this consider as many as 108 employees. This study used saturated sampling method and data collection was conducted using questionnaires. The results showed that Recruitment partially has an affect on Performance, Compensation partially has an affect on Performance, and Leadership partially has an affect on employee performance.
Effect of Firm Size, Financial Distress and Debt Level on Hedging Decision on Manufacturing Companies Listed on IDX In 2016-2019 Widyarti, Endang Tri; Witiastuti, Rini Setyo; Triyani, Dian
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.48244

Abstract

Supporting is an activity that can be taken by the company to play down the trade rate chance confronted. The reason of this inquire about is to decide the impact of firm estimate, monetary trouble and obligation level on supporting choices on fabricating companies recorded on IDX in 2016-2019. The sampling method of this study is purposive sampling and obtained 32 samples that meet the criteria of 105 companies that become observation data. Technical analysis used in this study is the analysis of logistic regression. And the testing getting results Firm Size, Financial Distress, Debt Level has no effect on hedging decisions.
Analysis of The Impact Of NIM, LDR and NPL on Bank Profitability with Variable Mediating Firm Size (Empirical Study on Public Banks Listed on IDX in 2015-2019) Widyakto, Adhi; Suhardjo, Yohanes; Prapti NSS, RR Lulus; Ardiansari, Anindya
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.48249

Abstract

The reason of this think about to impact of NIM, LDR and NPL on the productivity of Commercial Banks Go Open with Variable Estimate control. Benefit is anticipated with ROE as a gage of the sum of benefit generated. The tests utilized in this think about were go open commercial banks recorded on IDX (IDX) amid the period 2015-2019. The number of tests utilized as numerous as 18 banks were taken by purposive inspecting strategy. The examination strategy of this ponder employments different direct relapses with spss 24 program that has already passed the classic presumption test. The comes about of this investigate appear that NIM incorporates a critical positive impact on ROE. NPL contains a noteworthy negative impact on ROE. Long remove relationship incorporates a positive but not noteworthy impact on ROE. On the other hand, the utilize of measure as a control variable appears that NIM features a critical positive impact on ROE.
The Impact of Board Gender Diversity on Firm’s Credit Ratings Iryanti, Ika
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.48784

Abstract

Motivated by the agency theory and resource dependence theory, this study aims to examine the level of gender diversity on credit rating. This study uses a panel data sample of firms listed in BEI for the years 2014 to 2019. This study enlarge the literature by serve evidence on the role of gender diversity on firm’s credit rating that was essence neglected by the previous studies. This study contributes practically and theoretically to the existing credit rating literature. This finding shows board gender diversity is positively not significantly correlated with credit ratings. The evidence was contrary to the assumption that firms with increased board gender diversity are associated with fewer agency problems and information asymmetry, which can positively affect credit rating.
The Influence of Fundamental Factors on Stock Returns with Exchange Rate as Moderation Variable Anggraini, Reny Dwi; Wijayanto, Andhi
Management Analysis Journal Vol 10 No 3 (2021): Management Analysis Journal
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/maj.v10i3.49448

Abstract

Return are one of the motivators to invest in financial asset in the capital market. Investors used fundamental factor as a signal to gain maksimal return. The aims of the study are to determine the effect of fundamental factor on stock return with exchange rate as a moderating variable. Fundamental factor is measured by the ratio of Return on Assets, Debt to Equity Ratio, and Current Ratio. The sample of this study of 20 companies listed on LQ45 index in Indonesian Stock Exchange (IDX) selected using the purposive sampling method, with 120 observations during the 2015-2020 period. Methode of data analysis using multiple linier regression analysis and moderated regression analysis (MRA) with the application of Eviews 9. The results show that Return on Assets have a significant positive effect on the stock returns, while the Debt to Equity Ratio and Current Ratio has no significant effect. MRA results indicate that exchange rate can streng the influence of Return on Assets and Debt to Equity Ratio, and weaken Current Ratio on the stock returns.

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