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Sebelas Maret Business Review
ISSN : 25280627     EISSN : 25280635     DOI : -
Core Subject : Economy, Science,
SMBR publishes both empirical and non-empirical (contextual, descriptive, case-study) articles emphasizing on the recent business issues nationally or internationally. To cope with the current advancement of publishing world especially in academic journal article, SMBR follows the modern-style of article journal presentation. Each article published in SMBR have an outstanding story inside, strong background and contribution, robust analysis and empirical testing, and convincing conclusion and managerial implications. Articles submitted to the SMBR should cover key business disciplines: general management, finance, accounting, marketing, human capital, operations management, entrepreneurship, leadership, strategy, business ethics, Islamic business, and international business. Other topics are welcome, as long as it could stimulate discussions about business. SMBR operate blind review processes for each submitted article to ensure rigorous publishing process.
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Articles 54 Documents
Biosecurity Adoption of Beef Cattle Farmers Lestari, Veronica Sri; Sirajuddin, Sitti Nurani; Abdullah, Agustina
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i2.16478

Abstract

The main objective of this research is to find the level of biosecurity adoption by beef cattle farmers. This research is conducted in Luwu regency, South Sulawesi, Indonesia. The data are collected from observation and interview using questionnaire. The sample is 31 beef cattle farmers who are selected using random sampling. There are 35 questions in the questionnaire that consist of management practice, sanitation, equipment, disease and disease prevention, and calf management. The data are analyzed descriptively using frequency distribution. The results revealed that the level of biosecurity adoption is 69.3%, and it is categorized as “high adopters”. 
Antecedents of Online Repurchase Intention in Indonesia Santoso, Ignatius Hari
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i2.17216

Abstract

Online buying activity is increased along with the increased of internet-based information technology. This gives benefit to online businessman and businesswoman. However, the efforts which should be given are harder than before because of the increasing of online criminality which happened in Indonesia. The objective of this study generally is to reveal the antecedents of online repurchase intention in Indonesia. This study is using 170 respondents who have experience in online purchasing at least one times before. Visual Partial Least Square is used to examine the relationship between constructs. This study concludes that the developed model which used in this study can be used to predict online repurchase intention even several relationships is found not significant. Another conclusion from this study is perceived information quality, perceived service quality, subjective norms, online shopper’s trust, and online shoppers’ satisfaction are the antecedents of online repurchase intention.
Financial Leverage, International Orientation, And Firm Performance Rialsa, Hanin
Sebelas Maret Business Review Sebelas Maret Business Review 1 (2016): 1
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i1.1324

Abstract

This paper re-examines the effect of leverage on firm performance by looking at the moderating effect of international orientation. This study uses data ofmanufacturing 93 firms listed in the Indonesian Stock Exchange over the period of 2011 – 2014 resulting in 372 observations. Results show that financial leverage has negative and significant effect on firm performance. Second, international orientation does not significantly moderate the relationship between financial leverage and performance. The more internationally oriented the firms; it does not imply that the effect of leverage on performance should be stronger.
Market Reaction to the Fed Quantitative Easing Policy: Indonesian Evidence Tanardi, Sevanrhoo Noya Dean; Trinugroho, Irwan
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 1
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i1.11962

Abstract

We examine the information content of the announcements of quantitative easing policy by The Fed in 2008, 2010 and 2012 on the stock price of firms listed in the Indonesia Stock Exchange, more particular firms with liquid stocks included in the list of LQ45. Moreover, we also investigate the determinants of abnormal return by focusing on the effect differences between foreign-controlled and domestic firms as well as between crisis and non-crisis period. Event study and OLS regression are employed to examine our hypotheses. We find that there are significant abnormal returns around the announcement dates both during the crisis and non-crisis period. No evidence is found on the difference between foreign-controlled and domestic firms.  
Managers’ Characteristics and Employee Productivity Sawitri, Hunik Sri Runing; Wahyuni, Salamah; Sunaryo, Sinto
Sebelas Maret Business Review Sebelas Maret Business Review 1 (2016): 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i2.2254

Abstract

We investigate the effect of top management characteristics on employee productivity. Arguably, the presence of encouraging managers will motivate employee to perform better in term of productivity. We use archival data of Indonesian firms to test our hypothesis. Some demographic factors are employed to measure managers’ characteristics. Surprisingly, our results reveal that firms with more educated managers have lower employee productivity. However, we do not find evidence on the effect of managers’ age and tenure on employee productivity.
The Influence of Marketing Mix and Customer Relationship Marketing on Marketing Performance of Digital Creative Industry in West Java Hikmawati, Nina Kurnia; Suhendra, Agus Achmad; Yunus, Efrata Denny Saputra
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 1
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i1.13730

Abstract

The creative industries is growing rapidly. The most rapid growth is industry-based creative digital technology. It is influenced by the development of internet technology that has entered various aspects of human life in society and the state. Today, almost all the activities and business processes intersect and take advantage of the internet. This phenomenon is known as a digital transformation, where any business that wants to develop must be connected via internet to be able to reach more consumers through telecommunications technology. However, the performance marketing of digital creative industry currently is not classified as optimal. That's because the problems related to the implementation of the marketing mix and customer relationship marketing are not optimal. Thus this study aims to examine the influence of the marketing mix and customer relationship marketing on marketing performance of digital creative industry in West Java. Data were collected from 50 companies in the digital creative industry in West Java. The results showed the influence of the marketing mix and customer relationship marketing to marketing performance of digital creative industry in West Java.
Investor Reaction to Consumer Sentiment: The Case of Manufacturing Firms in Indonesia Hakim, Soni
Sebelas Maret Business Review Sebelas Maret Business Review 1 (2016): 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i2.2252

Abstract

This study aims to determine the influence of industrial workers concentration on the consumer confidence index and the influence of consumer confidence index on the capital market, especially stock issuers from manufacturing industry sector. The data used in this research is secondary data with the sample of consumer confidence index taken from Jakarta and Surabaya as well as 47 manufacturing industry stock issuers listed in Indonesia Stock Exchange. This research isconducted by using Granger Causality method. The results generally show that there is no influence found for regional consumer confidence index with large manufacturing industry and regional consumer confidence index with relatively small manufacturing industry towards the national consumer confidence index. Research has also managed to find a significant influence of consumer confidence index on the price of stocks issued by several manufacturing companies.
SWOT Analysis: How to Promote Halal Tourism in Aceh? Alfanda, Ricky; Suhartanti, Pratiwi Dwi
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i2.17424

Abstract

This study aims at describing potentials of halal tourism destination in Aceh by analyzing readiness of tourism destination through perceptions of tourism travel agents and tourists in developing halal tourism in Aceh. This study also produces right strategies to develop halal tourism by tourist destination characteristics. The data and information collection is done through FGD (Focus Group Discussion), in-depth interview and distribution of questionnaire to 327 tourists in Aceh. Based on the result of the study, Aceh is quite optimal in launching halal tourism as its tourism product yet there should be more improvements and strategies for increasing tourist attraction. The result of this study is expected to help the government of Aceh and tourism travel agents in increasing halal tourism potentials and setting strategies in developing halal tourism potentials so they could attract tourists to have halal tourism in Aceh or visit Aceh.
Redesigning Independent Community Empowerment Model For Household Craftsmen Utomo, Agus; Hamdani, Anwar; Riyanto, Riyanto; Diva Awatara, I Gusti Putu
Sebelas Maret Business Review Sebelas Maret Business Review 1 (2016): 2
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v1i2.11436

Abstract

Redesigning the model of independent community empowerment program can be performed by (1) reviewing the factors to develop independent empowerment for household craftsmen in Surakarta, (2) identifying various government policy that support the development of household craftsmen’s independency in Surakarta, and (3) formulate the redesigned model of independent community empowerment for household craftsmen in Surakarta. The subject of this study is household craftsmen in Surakarta, Central Java Province. This study is a research and development type, started with survey and need assessment for developing craftsmen’s independency in entrepreneurship based on community’s characters and values, media to implement the proposed model, action, and evaluation. This study will be conducted in Banjarsari sub-district in Surakarta municipality. Observation, interview, demonstration, and simulation will be employed in this study to collect the data. The data will be analyzed using mixed technique between descriptive and quantitative technique. Through FGD we will formulate the concept of redesigned model for developing independent community empowerment for household craftsmen. In this study we have collected the data on the potency of studied area; the data on the problems and supporting factors for the implementation of household craftsmen’s independency development program, (2) the data on the number of prevalent entrepreneurs, (3) performing need assessment of household craftsmen in Surakarta, which will enable us to formulate the redesigned model of independent community empowerment for household craftsmen. The final aim of this study is applying the redesigned model of independent community empowerment for household craftsmen in order to achieve entrepreneurs’ business independency.
Creative People as a New Source of Competitive Advantage in Creative Industry Astuty, Eriana; Suryana, Suryana
Sebelas Maret Business Review Sebelas Maret Business Review 2 (2017) : 1
Publisher : Universitas Sebelas Maret

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20961/smbr.v2i1.13298

Abstract

Today’s development of creative industries in the economy of Indonesia has shown a significant improvement. Creative industries have contributed in improving the growth of Gross Domestic Product (GDP), employment opportunities, and national industries. Unfortunately, those improvements are not in line with their internal developments. The purpose of this study is to find the answer of the gap phenomenon that occured. It is found that only three sub-sectors out of 15 have positive contributions as mentioned above. They include craft, fashion, and culinary. Primary data were obtained through a questionnaire survey and observation carried out in  batik and woven-fabric business units in 6 provinces in Indonesia. By conducting survey as the research methodology in which the data were evaluated using statistic tools such as SPSS and AMOS 20, it is found that creative people as renewable resources have been able to improve Indonesia competitive advantage in crafts industries by reflecting local culture and heritage through creativity on various innovations.