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INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES
ISSN : 20896271     EISSN : 23384565     DOI : -
International Research Journal of Business Studies (IRJBS), with registered number ISSN 2089-6271 (Print) and ISSN 2338-4565 (Online), is an open access and peer-reviewed scientific journal published by Prasetiya Mulya Publishing, Universitas Prasetiya Mulya. IRJBS published three times a year (December-March, April-July, and August-November).
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Articles 8 Documents
Search results for , issue "Vol 12, No 2 (2019): August - November 2019" : 8 Documents clear
Human Development and Its Effects on Economic Growth and Development Appiah*, Michael; Amoasi**, Richard; Frowne**, Doreen Idan
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

The focus of the current study is to empirically examine the impact of Human Development on Economic Growth and Development in African countries, between 1990 and 2015. The key findings and results of the study suggested the existence of a positive and significant impact of human development on economic growth and development in Africa. The study employed Human Development Index as the main variable of interest with GDP considered as the dependent variable with inflation, capital, investment and labor as control variables. The study also came out with the findings that Labour and foreign aid also have a positive and significant relationship with growth as recorded by most researchers. It was recommended that more efforts should be placed on developing human capacities in all areas.Keywords:Human development, economic growth, random effect, fixed effect* Department of Management Science & Engineering, School of Finance and Economics, Jiangsu University, 301 Xuefu Road, Zhenjiang, Jiangsu, 212013, P.R. China** Department of Marketing, Koforidua Technical University, P. O. Box Kf 98, Koforidua, Ghana https://doi.org/10.21632/irjbs.12.2.101-109
Model of Corporate Value Improvement Through Investment Opportunity in Manufacturing Company Sector Faozi*, Imam; Ghoniyah*, Nunung
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

This study aims to analyze the significance of the direct and indirect effect ofinstitutional ownership (INST), profitability (ROI), funding policy (DER), anddividend policy (Tobin?s Q) through investment opportunity (MV/BVE). Theresearch data used 21 samples of manufacturing companies listed on theIndonesia Stock Exchange (IDX) during the 2012-2016 period. Data analysisused path analysis with the help of EViews 9 and Sobel test to know the effect ofinvestment opportunity as an intervening variable. The interpretation findingsof the first line analysis model show that Profitability directly affects positivelyand significantly on Corporate Value. Whereas, based on second-line analysismodel, Funding Policy and Dividend Policy indirectly have significant effectson Corporate Value through Investment Opportunity variable. Simultaneously,all independent variables affect 97.45% of Investment Opportunities andamounted to 97.97% of Corporate Value through Investment Opportunities.Keywords:Corporate value, institutional ownership, profitability, funding policy, dividend policy, investment opportunity.*Department of Management, Faculty of Economics, Universitas Islam Sultan Agung (UNISSULA), Jl. Kaligawe Raya Street Km.4, Semarang, 50112,PO Box 1054/SM, Indonesia. https://doi.org/10.21632/irjbs.12.2.185-196
Board of Commissioners in Corporate Governance, Firm Performance, and Ownership Structure Utama*, Cynthia Afriani; Utama**, Sidharta
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

The purpose of this study is to investigate: firstly, the two-way causality between firms performance and the size of BOC; secondly, the nonlinear effect of board size on the firms? performance; thirdly, the direct and moderating effects of the ownership structure on the influence of firm performance on board size. Using the ROA as a measure of firm performance, we find that there is a simultaneous relationship between firm performance and the size of BOC: the size of the board has an inverted U-shaped effect on firm performance while firms performance has a negative influence on board size. We find that the size of the board of commissioners increases firm performance up to a certain level, but a very large board reduces firm performance. We find marginal evidence that ownership structure has a moderating effect on the impact of firm performance on board size. We document that the negative effect of performance on board size dissipates as ownership right increases. The negative effect of performance on board size marginally strengthens. Thus, our study contributes to the literature by finding that the negative influence of firm performance and board primarily occurs on firms that are subject to high incentive expropriation by controlling shareholders.Keywords:board size, board of commissioners, corporate governance, firm performance,ownership structure, cash-flow rights, control rights.* Department of Management, Faculty of Economics and Business, Universitas Indonesia, Kampus UI Depok 16424, Indonesia** Department of Accounting, Faculty of Economic and Business, Universitas Indonesia, Kampus UI Depok 16424, Indonesia https://doi.org/10.21632/irjbs.12.2.111-136
The Effect of Local Government Characteristics on Performance of Local Government Administration Utama*, Fikri Rizki; Evana**, Einde; Gamayuni**, Rindu Rika
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

This study aimed to obtain empirical evidence of the level of regional wealth, the level of dependence to the central government, capital expenditure contribution and legislature size on the performance of local government administration. This research used a purposive sampling method. The study sample consisted of 293 LKPD provinces, districts, municipalities in Indonesia in 2015 which have been audited by the Supreme Audit Board. The result of the research shown that the variables of legislative size had a positive and significant effect on the performance of local government administration while the level of regional wealth, dependency level to the central government and capital expenditure contribution had no significant effect on the performance of the local government.Keywords:Performance of local government, administration, level of regional wealth,dependency level to the central government, capital expenditure contribution,legislature size.*Accounting Department - Institute of Economic Science of Al-Madani, Jalan Kavling Raya Pramuka Rajabasa, Bandar Lampung, 35144, Indonesia**Accounting Department - University of Lampung, Jl. Prof. Dr. Sumantri Brojonegoro No. 1, Bandar Lampung, 35145, Indonesia. https://doi.org/10.21632/irjbs.12.2.197-208
Stock Market Integration among Asian Economies in a Case of India, China and Japan Bhullar*, Pritpal Singh
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

Globalization has opened the door for global investors to avoid the saturation of investment opportunities in the domestic market. Latest technological advancement, accessibility to financial and global information, liberalization and globalization put the global market into a new investment framework. The present paper aims to examine the level of cointegration between three big Asian economic powers India, China and Japan. Twenty-years data has been analyzed by applying Johansen Cointegration, Vector Error Correction Model, and other econometric statistical tests in E-Views. The findings suggest a long-run relationship between India (BSE) and Japan Stock indices (Nikkie), but no such integration find of these two stock indices with China Stock Exchange (Shanghai).Keywords:Asian Economies, Stock Indices, VECM, Johansen Cointegration Test, E-Views*University Business School, Maharaja Ranjit Singh Punjab Technical University, Dabwali Rd, Lal Singh Nagar, Bathinda, Punjab 151001, India. https://doi.org/10.21632/irjbs.12.2.137-143
A Quantitative Study of Oil Price Decrease and Bankruptcy Probability in Oil and Gas Companies Rosdini*, Dini; Nautika*, Rahardi Gita
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

The decrease in oil prices globally has an impact on the oil and gas company?s financial health. This study aims to provide empirical evidence about the effect of oil prices on the probability of bankruptcy in Indonesia, Singapore, and Australia using the probability of bankruptcy model of Altman Z-Score. The price of oil is measured by the price of Brent crude. Our sample is made of 20 oil and gas firms listed at the Indonesia Stock Exchange (IDX), the Australian Securities Exchange (ASX) and the Singapore Exchange (SGX) during the period of 2013-2015 selected through purposive sampling. This study is quantitative research with secondary data analyzed using simple regression model. The results of this study indicate that oil prices significantly influence the bankruptcy probability of oil and gas companies in Indonesia, Singapore, and Australia.Keywords:Oil Price, Probability of Bankruptcy, Altman Z-Score.*Department of Accounting Faculty of Economics and Business, Universitas Padjadjaran, Jalan Dipati Ukur No. 35, Bandung 40132, Indonesia. https://doi.org/10.21632/irjbs.12.2.145-155
Psychological Capital and Business Success of Chinese, Minangnese, and Javanese Entrepreneurs Andri*, Nofri; Ronauli*, Puji Tania; Riyanti*, Benedicta P. Dwi
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

Psychological capital (Psycap) is a condition of positive psychology (hope, efficacy, resilience, and optimism), which facilitates entrepreneurs to survive in running and reach success in their business. This research was intended to obtain the overviews of psycap and business success of Chinese, Minangnese, and Javanese entrepreneurs. There was a total of 207 entrepreneurs involved as respondents. There were two instruments used in this study: the Psychological Capital Scale and the Balanced Scorecard. Data analysis method applied to measure psychological capital was a descriptive statistic. The result showed that Javanese entrepreneurs had a very high level of psychological capital, while both Chinese and Minangnese entrepreneurs hold on the same high degree. Meanwhile, the data analysis regarding the successfulness of business showed that most of the Javanese entrepreneurs reached a high level of success, Chinese entrepreneurs were average, and Minangnese entrepreneurs were low.Keywords:Psychological Capital, Business Success, Entrepreneur, Chinese, Minangnese, Javanese*Faculty of Psychology, Atma Jaya Catholic University of Indonesia, Jl. Jend. Sudirman 51, Jakarta Selatan 12930, DKI Jakarta, Indonesia. https://doi.org/10.21632/irjbs.12.2.157-166
IMPACT OF CORPORATE GOVERNANCE ON CORPORATE SUSTAINABLE GROWTH Mukherjee*, Tutun; Sen**, Som Sankar
INTERNATIONAL RESEARCH JOURNAL OF BUSINESS STUDIES Vol 12, No 2 (2019): August - November 2019
Publisher : Universitas Prasetiya Mulya

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Abstract

It is believed that good corporate governance practices assist significantly in uplifting corporate performance, and brings in business success and sustainability. This study aims to shed light on the impact of corporate governance practices on corporate sustainable growth in India. A sample size of leading 139 non-financial companies listed in NSE for five years has been used in this study. Using longitudinal data analysis, the findings of the study suggest that Board Size (BS) and the Board Independence (B-IND) exercise strong influence in explainingthe Corporate Sustainable Growth in India after controlling the effect of Leverage (LEV).Keywords:corporate sustainable growth, corporate governance, longitudinal data analysis,control variable, India.* Department of Commerce, The University of Burdwan, West Bengal, and St. Xavier?s University, Kolkata, India**Department of Commerce, The University of Burdwan, West Bengal, India. https://doi.org/10.21632/irjbs.12.2.167-184

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