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Knowledge as a critical resource in innovation among small furniture companies in Indonesia

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 371 - 390
Abstraksi Narasi : The furniture industry makes a significant contribution to the Indonesian economy but is exposed to an intensifying competitiveenvironment and to emerging shortages of raw material. These circumstances have prompted small furniture manufacturers in the district of Jepara to undertake several types of innovation. it appears that of all first ranked innovations, product innovation is the largest category. in the pattern of innovations, market innovation and logistics innovation are also important, a situation that can be explained by the typical character and current cicumstances of the furniture industry in this area. The innovation process concerned mainly relies on traditional knowledge sources, namely in-house learning-by-doing and experimentation, and buyers (customers0, However, the manufacturers show willinggness to use other knowledge sources in the near future, particularly more formal and globally oriented ones, such as exhibitions, research institutions, and the internet. What tends to hamper such proggress is that the manufacturers capability to access these knowledge sources is limited by financial obstacles and to a smaller extent by complexity and language obstacles. the paper concludes with a few policy recommendations and potential directions of future research. One of the policy recommendations aims at a combination of the traditional way of knowledge generation through in house learning by doing and experimentation with knowledge from modern and formal sources.

Influence of employee involvement in total productive maintenance practices on job characteristics

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 287 - 300
Abstraksi Narasi : The main goal of this study is to examine whether the extent of involvement in total productive maintenance (TPM) practices has a positive effect on job characteristics. data was gathered from a sample of 184 respondents derived from manufacturing companies in Malaysia. resuts from the regression analyses revealed taht the extent of employee`s involvement in TPM practices is positively related to the five core job dimensions (skill variety, task identity, task significance, autonomy, and feedback). Theoretical and managerial implications of the findings are discussed.

An assessment of microfinance institution performance

Nama Pengarang : Arsyad, Lincolin, Aizzat Mohd. Nasurdin...[et.al.], Nurul Indarti, Marina Van Geenhuizen, Rozhan Othman...[et.al.], R. Agus Sartono, Wahyuningsih
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 391 - 427
Abstraksi Narasi : This paper aims to assess the performance of Village credit institutions (lembaga perkreditan desa or LPD) in Gianyar district, Bali province, Indonesia and its affecting factors - particularly its institutional environment. The performance indicators assessed include financial indicators (such as portfolio quality, leverage , capital adequacy ratio, productivity, efficiency, profitability, and financial viability) and outreach of the LPDs. Institutions here refer to the rules or procedures that shape now agents (people) interact and the organizations that implement the rules and codes of conduct to achieve desired outcomes, basesd on data from financial reports of 174 LPDs of Gianyar district in 1999 and 2001, interviews with some stakeholders (client, chairmen, and member of commissioner board) of the LPDs, and using descriptive analysis approach, this paper reveals that the LPDs have achieved a good performance indicators and been sustainable, and the good performance and sustainability have been very much influenced by institutional environment which includes both formal and informal institutions.

Investigating the simultaneity of corporate hedging and debt policies: empirical evidence from Indonesia

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 179 - 204
Abstraksi Narasi : The primary objective of this paper is to investigate the simultaneity of corporate hedging and debt policies. using a pooled sample of Indonesian no-financial listed firms covering the periods of 1996 - 2001, the present study finds evidence that corporate hedging and debt policies are simultaneously determined. that is, the use of debts motivate firms to hedge, but simultaneously, hedging increases debt capacity and induces firms to borrow more in order tot ake advantage of the tax benefits arising from additional debt capacity. Another important finding is that financially distressed firms-as indicated by their debt restructuring programs are less motivated to hedge, because such firms will see that the option values of their equity will increase as their cash-flow volatilities increase. Therefore, financially distressed firms tend not to hedge, or at least, hedge lesser compared to those of firms that do not experience financial distress.

Exploring the linkages between deming`s principle, world-class company, operational excellence, and company performance in an oil and gas industry setting

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 205 - 239
Abstraksi Narasi : this study explores the linkages between deming`s principle, world-class company, operational excellence, and company performance in the indonesia`s oil and gas industry. the aim of this study is to examine the causal relationship model between the Deming`s Principles (DP), world-class company (WCC), operational excellence (OE) and company performance (monetary Gain performance or MGP and value gain performance of VGP). the author used 140 strategic business units (SBUs) in 49 oil and gas companies in Indonesia. The survey was administratered to every level of management at each SBU (top, middle, and low level management). A multiple informant sampling unit is used to ensure a balanced view of the relationships between the research constructs, and to collect data from the most informed respondents on different levels of management. A total of 1,332 individual usable questionnaires were returned thus qualified for analysis, representing an effective response rate of 50,19 percent. Path analysis and structural equation modeling (SEM) are used to anlyze the effects of deming`s principles on company performance and to investigate the interrelationships betweeb deming`s principle, world - class company, operational excellence, and company performance. the results show that deming`s principle has significant positive and indirect effect on company performance (monetary gain performance and value gain performance). Although the deming`s principles has significant positive effects on the intervening variables (world-class company and operational acceptable parameter level that indicate the overall parameter are good fit between the hypothesized model and the observed data. By concentrating on a single industry (oil and gas). SEM specification of the causal relationship model between five constructs can be more complete and specific because unique characteristics of the oil and gas industry can be included (upstream and downstream chain activities). finally, the particular design of the research and the findings suggest taht the structural model of the study has a great potential for replication to manufacturing as well as service operations.

Examining information technology acceptance by individual professionals

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 155 - 178
Abstraksi Narasi : The mixed results of information technology (IT) investment have made the incestigation of user acceptance of IT increasingly challeging. A growing body of research in user acceptance of IT literature has limited focus on individual proffessionals as target users. therfore, this research investigates how external variables, namely individual differences and system characteristics variables, namely individual differences and system characteristics influence lectures as individual professionals to accept the internet technology. Technology acceptance model (TAM) and theory of planned behavior (TPB) are used as the main reference in this research. Findings of this research indicate that individual differences (computer self-efficacy, knowledge of search domain) and system characteristics 9terminology, screen design, relevance) have indirect impact through perceived ease of use, perceived usefulness, and attitude on lecturers intention to use internet. specifically, computer self-efficacy and screen design have direct and indirect impact of the proposed research model, which is based on TAM and TPB compared to the rival model, which is called extended TAM is also analyzed.

Balance sheet vulnerability and macroeconomic management in Indonesia

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 241 - 277
Abstraksi Narasi : The economic and financial crises hitting Indonesia in 1997 have triggered a significant economic downturn. A critical issue addressed is how common shocks during crisis period have brought about macroeconomic outcome. The paper briefly discusses the problems, response and lessons learnt in the country`s effort to restore the economy to its long-term potential growth path. By examining balance sheet conditions across sectors in the economy, it is shown taht even though some progress has been achieved, overall balance sheet conditions are still vulnerable to further shocks that may hit the economy, so that efforts to restore economic growth and stability face substantial challenges. Considering these constraints. Indonesian macroeconomic policy markers focus their efforts on strengthening financial markets, among others, by developing bond markets and implementing banking architecture, However, various constraints will remain unless the government speeds up the necessary reforms, mostly institutional in anture.

A test of the relationships among perceptions of justice, job satisfaction, affective commitment and organizational citizenship behavior

Nama Pengarang : Harif Amali Rifai, Goeltom, Miranda S., Licen Indahwati Darsono, Ciptono, Wakhid Slamet, Iman S. Suriawinata
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 131 - 154
Abstraksi Narasi : This study examines factors influencing organizational citizenship behavior in an organization. These factors include procedural justice, distributive justice, job satisfaction and commitment. Although previous studies have investigated commitment as antecedent of OCB, most of them did not specifically explain the type of commitment hypothesized. In term of commitment, this study utilizes the specific type of commitment, i.e. affective commitment. the theoretical model proposes both distributive justice and procedural justice as antecedents of job satisfaction and job satisfaction has an effect organizational citizenship behavior (OCB) through affective commitment, SEM analysis of survey data from 383 nurses who are working for private hospitals in Indonesia supports that the theoretical model has met goodness-of-fit criterions. the findings concluded that there are significant relationship between both procedural justice and distributive justice and job satosfaction. Job satisfaction has a significant impact for developing affective commitment. the results also support that affective commitment is a significant predicator of organizational citizenship behavior.

Trading Behavior and Asset Pricing under Heterogeneous Expectations

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 15-39
Abstraksi Narasi : This research models trading behavior and examines the impact of heterogeneous expectations on asset prices. We extend kyle`s (1985) one-period model to two-pweriod model. The model shows that the informed trader takes into account not only the private information but also the pricing function. The price is an increasing function of the volatility of the asset value and decreasing in the volatility of uniformed traders demand. The costly information acquisition has an impact on the optimum demand but is has no direct impact on the price. We find the market depths is a linear function of the volatility of the uninformed traders and a weighthed average of the total error variance of information. The depth is also decreasing in the volatility of the cash flow innovations. This argument is in line with the second finding, when the volatility of cash flow innovations increases, the value of risky asset becomes more volatile, and as a result the bigger are the advantages of having private information. Our research raises some questions for further investigation. We indirectly assume that the informed traders make a profit at the expense on the uninformed traders. The question is why the uninformed traders willing to face losses? What happen if there are n informed traders who have diverse information.

The Role of Noninstrumental Justice and Age in Predicting Organizational Commitment: Evidence from Malaysia

Nama Pengarang : -
Nama Majalah/Jurnal : Gadjah Mada International Journal of Business
Volume / Nomor Edisi : -
Nomor Halaman : 1-14
Abstraksi Narasi : The purpose of this paper is to determine the influence of the noninstrumental component of procedural justice on organizational commitment and whether this relationship is moderated by age. Regression analysis on a sample of 161 employees revealed that noninstrumental procedural justice had a significant effect on organizational commitment. The hypothesis concerning the role of age as a moderator was not
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