| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 247 - 273 |
| Abstraksi Narasi | : | This paper attempts 10 assess the influence of several factors on the repayment rate of the village credit institutions (Lembaga Perkreditan desa or simply LPDs) in Gianyar district in Bali. Using a quantitative approach (logistic model) the findings of this study indicate that the Balinese social custom, including social values, norms, and sanctions (informal institutions) have an influence on sustaining the high repayment rate of the LPDs. This finding conforms to the some previous studies using institutional approach that reveal the high repayment rate of the LPDs in Gianyar district is influenced by their institutional arrangement that based on custom regulation which includes social norms, sanctions, and involvement of custom village leader in screening process and contractual enforcement of loan (informal institusions), by regulations set up by the central bank (formal institutions), and by the mechanism of collecting loan repayments applied by the LPDs management. |
| Nama Pengarang | : | Ciptono, Wakhid Slamet, Lincolin Arsyad, Wibisono Hardjopranoto, Hardo Basuki, Thomas Cleff |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 137 - 178 |
| Abstraksi Narasi | : | This study extends the prior research (Zahra and Das 1993) by examining the association between a company`s innovation strategy and its non-financial performance in the upstream and downstream strategic business units (SBUs) of oil and gas companies. The sequential model suggests a causal sequence among six dimensions of innovation strategy (leadership orientation, process innovation, product/service innovation, external innovation source, internal innovation source, and investment) that may lead to higher company non-financial performance (productivity and operational reliability). The study distributed a questionnaire (by mail,e-mailed web system, and focus group discussion) to three levels of managers (top, middle, and first-line) of 49 oil and gas companies with 140 SBUs in Indonesia. These qualified samples fell into 47 upstream (supplychain) companies with 132 SBUs, and 2 downstream (demandchain) companies with 8 SBUs. A total of 1.332 individual usable questionnaires were returned thus qualified for analysis, representing an effective response rate of 50.19 percent. The researcher conducts structural equation modeling (SEM) and hierarchical multiple regression analysis to assess the goodness-of-fit between the research models and the sample data and to test whether innovation strategy mediates the impact of leaderchip orientation on company non-financial performance, SEM reveals that the models have met goodness-of-fit criteria, thus the interpretation of the sequential models fits with the data. The results of SEM and hierarchical multiple regression: (1) Support the importance of innovation strategy as a determinant of company non-financial performance, (2) suggest that the sequential model is appropriate for examining the relationship between six dimensions of innovation strategy and company non-financial performance, (3) show that the sequential model provides additional insights into the indirect contribution of the individual dimensions of innovation strategy (partially mediators) to company non-financial performance productivity or operational reliability. The findings provide empirical evidence extending the previous model of Zahra and Das. These findings also provide a basis for useful recommendation to upstream adn downstream SBU managers attempting to implement a sequential model of innovation strategy-company non-financial performance links. This study shows that upstream SBUs rely on external innovation sources. The will acquire innovation policies through business partnership development (such as Joint Operation Body for Enhanced Oil Recovery or JOB-EOR, Joint Operation Body for Production Sharing Contractor JOB-PSC); licensing agreements (Technical Assistance Contract or TAC, Consortium Cooperation System); or acquisition with other firms (Joint Operating Contract or JOC). In contrast, downstream SBU emphasize on generating internal innovation sources to develop their own in-house R & D efforts. the downstream SBUs should make extensive policies of internal innovation sources in their attempts to control the distribution of oil based fuel and transmission of natural gas for domestic and international markets effectively. Both policies would enhance understanding and ultimately contribute to the improvement of company financial performance-sales, net profit margin, return on assets. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 1 - 19 |
| Abstraksi Narasi | : | Special purpose vehicle (SPV) is an instrumental institution used for specific purposes by firms. The SPV is useful for tax planning, risk management project financing and company restructuring. SPVs have benefits for economy and business, and involve usually large size of projects that vary from about US$100 to US$500 million per project. however, SPVs have also some bad records. huge business, finance, and accounting scandals involve the use of SPVs. The drawbacks of SPVs are due to lack of regulatory measures relating the application of SPVs, so that SPVs are used for hiding identities, debt and hiding non-productive assets. SPVs are used to deceive investors so that they can not judge the value and risks of the firms and investments correctly. The huge financial and accounting scandals such as enron involved the use of SPVs for not reporting or undervaluing debt and overvaluing net woth. In Indonesia, there are some transactions that are under public scurity that use SPVs, such as the sales of the government stocks of BCA bank, and PT Indosat. there are also many succesful and beneficial uses of SPVs in Indonesia as well, such as those in energy development, oil refinery, and telecommunication projects. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 21 - 42 |
| Abstraksi Narasi | : | This study investigates the variables that may be predictive of hotel employees` turnover intentions. the influence of trust in organization as a mediator in the proposed relationship is also examined. a total of 380 operational employees from 5 star rated hotels completed the questionnaires. hierarchical regression analysis was used to test the relationships hypothesized in the model. Most of the hypotheses were supported. it is suggested that to enhance employees trust in organization and subsequently to reduce turnover intentions, hotels need to continue to provide training and development programs to their employees, consuct fair and formal appraisal system, and provide ample and clear career advancement to their employees. Limitations and suggestions for future studies are forwarded. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 43 - 67 |
| Abstraksi Narasi | : | This study provide evidence on the cross sectional relationship between firm economic variables and management preferences in the selection of an accounting technique for goodwill. It examines goodwill accounting policy disclosures in the 2000/2001 annual reports of 269 listed companies in the five countries: Australia, Hongkong, Indonesia, Malaysia, and Singapore. the key focus is management`s choice of accounting techniques for the treatment of goodwill. The results show that accounting practices for goodwill vary significantly across country of origins and across industry groups. Two economic variables significantly explain management preferences of accounting for goodwill. the finding shows that the higher a company`s financial leverage ratio the company managers prefer to write off goodwill immediately against income or to capitalize and amortize it in a sorter period of ime. the higher a company`s size, the more likely the company would write-off goodwill to balance sheet reserves. thus, this study provides empirical evidence that management preferences of accounting goodwill have economic consequences. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 69 - 102 |
| Abstraksi Narasi | : | Growing importance of information technology (IT), as a strategic factor for organizations in achieving their objectives, have raised the concern of organizations in establisheing and implementing effective IT governance. This study seeks to empirically examine the individual IT governance mechanisms that influence the overall effectiveness of IT governance. The data were obtained by using web based survey from 176 members of ISACA (Information Systems and Audit Control Association) Australia. this study examines the influences of six proposed IT gvernance. using factor analysis and multiple regression techniques, the current study finds significant positive relationships between the overall level of effective IT governance and the following four IT governance mechanisms: the existence of ethics/culture of compliance in IT, corporate communication systems, an IT strategy committee, and the involvement of senior management in IT. |
| Nama Pengarang | : | Sony Heru Priyanto, Syaiful Ali, Bambang Hartadi, Emita W. Astami, Greg Tower, Aizzat Mohd. Nasurdin, Mohammad Abdullah Hemdi, Ainun Na'im |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 103 - 134 |
| Abstraksi Narasi | : | Few studies have been conducted on how farmer`s 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 offarmers` management capability with respect to their farm output. Unfortuntely, 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 environmrnt factors such as the country`s economy, natural resources, institutions and organizations, individual backgrounds, entrepreneurship, manaegment 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 entrrepreneurship 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 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 context using this model should be conducted. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 301 - 323 |
| Abstraksi Narasi | : | The objective of thsi paper is to present a comprehensive framework of relationships among customer, satisfaction, and behavior intentions. before testing the model, literature review on the three constructs is presented. From this review, three hypotheses are proposed and tested in this study: (1) customer value is antecedent to customer satisfaction, (2) customer value has a direct link to behavior intentions, and (3) the relationship between customer value and behavioral intentions is mediated customer satisfaction. Structural equation modeling using AMOS 5 was employed to test the model. The result suggests that the relationship between customer value and behavioral intentions is mediated by customer satisfaction. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 351 - 369 |
| Abstraksi Narasi | : | We investigate the effects of diverse information on the price of risky assets in rational expectation model. The expected cash flows innovation is considered as private information where informed trader knows it. It is assumed that the high informed trader has smaller variance error regarding the cashflows innovation that the low informed trader and uninformed traders. We found that the cash flow innovation influences the demand of informed trader. The market depth is a linear function of the demand of uniformed trader and weighted average of total variance error of information. Our finding supports previous research done by spiegel and subrahmanyam (1992). Our model shows that the more diverse the information, the higher the lambda coefficient which means the market becomes less liquid. The model consistent with miller (1977) who found that the bigger the gap of private information is, the less liquid the market will be. if both informed traders have the same information they will demand the same amount of risky asset and it turns out to be similar as in kyle (1985) model. |
| Nama Pengarang | : | - |
| Nama Majalah/Jurnal | : | Gadjah Mada International Journal of Business |
| Volume / Nomor Edisi | : | - |
| Nomor Halaman | : | 325 - 349 |
| Abstraksi Narasi | : | A psychological contract is an implicit understanding between a group of employees and their employer that arose as a result of a particular leadership style. Psychological contract violation (PCV) is said to occur when there is a perceived breach of promise that leads to an emotional and affective response. The literature on PCV posists a number of antecedents and outcomes f PCV. This study seeks to develop a model of PCV by linking it with justice and organizational citizenship behavior (OCB). It is argued taht the antecedents of PCV lead to sense of injustice. These will then create the emotional response that is indicate of PCV. It is also argued that an outcome of this PCV experience is reduced OCB and the emergence of a new outlook towards employment relationship. Data was collected from a Malaysian company that initiated a voluntary separation scheme as part aof an effort to downsize its work force. The finding of this study provides partial support for the model. |
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