Journal Economics & Business Atmajaya Indonesia
Articles
11
Articles
EFFECT OF QUALITY AND VALUE OF BEHAVIOR ATTENTION CUSTOMERS RESTAURANT BONCAFE STEAK MANYAR

Chen, Fei, Andajani, Erna, T, Juliani Dyah

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

Nowdays in Indonesia, family restaurants gaining more popularity and become the most favourite place to eat for Indonesian families. The purpose of this study is to know whether service quality, food quality, and price value of Boncafe Steak and Ice Cream Manyar restaurant will effect customer satisfaction and will effect behavioral intentions of theconsumens that have visited and dine in the restaurant before. Aside from that this study also examine whether consumers satisfaction will make the consumers want to visit Boncafe Steak and Ice Cream Manyar restaurant again. The study of this research is basic research with causal purpose and quantitative approach. This study using quota sampling approach, which is a sampling technique that based on control characteristic in accordance with respondents characteristic that the researcher wants, and after that the researcher will determine quantity of the quota in order to fulfill minimum requirement to excute the analysis. As for the characteristics of the control set are respondends that have visit and dine in Boncafe Steak and Ice Cream Manyar and aged between 18-70 years old. Respondents that used on this study are 250 peoples. Result on this study showed that three hypotesis on this study are supported and two hypotesison this study are not supported. As for the hypotesis are customer satisfaction have positive effect to behavioral intention, service quality have positive affect to customer satisfaction,service qualiy have positive effect to behavioral intention, food quality have positive effect to customer satisfaction, and price value ratio have positive effect to customer satisfaction.

IMPACT OF COMPANY FINANCIAL RATIO ON SHARE PRICE WITHIN THE PROPERTY AND REAL ESTATE INDUSTRY

Boentoro, Sinta, Adiwidjaja, Sheila

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

Movements in share prices are caused by several factors, both internal and external. The objective of this research is to observe the impact of company financial ratio on share prices within the property and real estate industry using GARCH model. The reason why we chose this industry is because this industry can still grow even when the economic condition is unstable. The research shows that current ratio, debt equity ratio inventory turnover, price earnings ratio and return on equality are jointly significant in predicting share prices. Partially, only price earnings ratio does not significantly impact the share price.

DOES ASEAN5+3 NEED COMMON CURRENCY? (ANALYSIS OF OPTIMUM CURRENCY AREA INDEX 2008-2016)

Elisabeth, Christina Ruth

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

The purpose of this study is to analyze the benefit-cost of currency union in ASEAN5 + 3 countries. The analysis was conducted by calculating OCA index by using Bayoumi and Eichengreen model.  The estimation of the bilateral index shows that the lowest OCA index for ASEAN5+3 relationship exist in the relationship of Singapore-China, China-Philippines and China-Thailand. Currency unification can be start from Singapore-Thailand-Philippines, followed by Chinese Renminbi currency. Then, it can continue to integrate Korean and Malaysian currency. Meanwhile, Indonesia and Japan are least suitable for adopting common currency due to the high cost that reflected in the high OCA index. The result of Fixed Effect panel regression shows that trade intensity, size of economy and export dissimilarity significantly influence exchange rate volatility in ASEAN5+3 countries. Meanwhile, in terms of dissimilarity of export commodities, the result shows different relationship direction from expectation. Thus, this study recommends the need for further research involving variables of intra-industry trade and global value chain.

THE ROLE OF QUALITATIVE CHARACTERISTICS OF ACCOUNTING INFORMATION ON THE INVESTMENT EFFICIENCY AT MANUFACTURING COMPANIES IN INDONESIA

Oktorina, Megawati, Rajagukguk, Lasmanita, Widyastuti, Etty

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

This study aims to examine whether the attributes of the quality of accounting information reflect the qualitative characteristics of financial statements and examine the effect of the quality of accounting information on investment efficiency. The attributes of the quality of accounting information are predictability, discretionary revenue, discretionary accruals. Investment efficiency is measured by investment inefficiency as underinvestment and overinvestment. The sample was a manufacturing companies listed on the Indonesia Stock Exchange in 2012 until 2015 as many as 493 observations for examine the attributes of the accounting information quality to form factors that reflect the quality of the financial statements. While the sample of 479 observations used to test the influence of the quality of accounting information against underinvestment. Observation of overinvestment was not analyzed in this study because it has only 14 observations. Data analysis technique used is factor analysis and multiple linear regression. The results showed that the three attributes of the accounting information quality form two factors, the first factor called predictability and the second factor is called discretion. Both of these factors reflect the qualitative characteristics of the accounting information. However, the quality of accounting information measured by these two factors has no significant effect on underinvestment. Likewise, the operating cycle, ROA, and age have no effect on underinvestment. Meanwhile, firm size, tangibility , and dummy loss have a significant effect on underinvestment

THE STRATEGIC RATIONAL OF BANKING ACQUISITION IN EMERGING MARKET

Johan, Suwinto

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

The  purpose of the research is to study the determinants of  banks acquisitions in Indonesia over the period of 2004-2014. The banking industry is one of the fastest growing and well regulated industries during the last ten years. We analyzed seven financial ratios (current ratio, asset turnover, debt to equity ratio, return on asset, return on equity, earning before tax per revenue and earning after tax per revenue) determinants banks take over. This research used the binary Logit regression technique. The empirical results show that the determinants of bank targeted for all types of takeover are the current ratio. The higher current ratio, the higher possiblity be the target acquisitions. there is no significant of debt to equity ratio, asset turnonver, return on asset, return on equity, earning before tax per revenue and earning after tax per revenue as the determinants of the acquisition of banks in Indonesia.

INDONESIA TO HOST THE FIFA WORLD CUP? A COST-BENEFIT ANALYSIS

Pohan, Hilda Masniaritta, Oktavianty, Silvy Puspita

Journal Economics & Business Atmajaya Indonesia Vol 2 No 1 (2018): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

Numerous studies have shown that hosting the FIFA World Cup potentially creates positive economic benefits although it costs a substantial amount of money. The biggest cost comes from infrastructure needs which are highly correlated with a country’s geographical characteristics. This research evaluates the feasibility of hosting the FIFA World Cup in Indonesia given its geographical characteristics. Using data compiled from various studies, estimation was conducted using Cost-Benefit Analysis. Results show that hosting the FIFA World Cup is not financially profitable for Indonesia. However, after accounting for potential social benefits, economic analysis suggested that in the short run, it potentially boosts tourism and income of related sectors. In the long run, benefits include acquiring top notch stadiums, provision of high quality infrastructure, training opportunities for talented young players, and exposure of Indonesia’s tourist attractions. These social benefits may outweigh the financial loss; making the hosting project economically viable.

PERFORMANCE OF ISLAMIC INDICES: RISK ADJUSTED RETURNS OF SHARIA COMPLIANT STOCKS ON JAKARTA ISLAMIC INDEX AND DOW JONES ISLAMIC TURKEY

Banani, Ade, Hidayatun, Nur Afni

Journal Economics & Business Atmajaya Indonesia Vol 1 No 1 (2017): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

The purpose of this research was to analyze the performance of Islamic indices compared to their counterparts. The research elaborated the performance of Islamic index in developing countries, which were Indonesia and Turkey represented by Jakarta Islamic Index and Dow Jones Islamic Market Turkey. This research was conducted during the period of 2010 until 2014. Populations in this research were all of companies listed in Jakarta Islamic Index, Dow Jones Islamic Market Turkey and their counterpart index. While sample was determined by purposive sampling method to eliminated stocks listed in both Islamic and counterpart index (dual listing). Data collection techniques used was method of documentation, literature review and internet search. The result based on three risk adjusted performance measurements consist of Sharpe, Treynor and Jensen Alpha, Islamic index did not significantly result in poor performance compared to its counterpart. Moreover, Islamic index in Indonesia has insignificantly outperformed its counterpart LQ45 index, while in Turkey has insignificantly underperformed it counterpart Dow Jones Turkey Titans 20 index. This study also revealed that Sharia compliant did not significantly affect the performance of Islamic index related to risk and return payoffs. Therefore, investors who are concerns with investing in Sharia compliant stocks could also benefit by holding portfolio of investments adhering to Sharia principles.

EFFECT OF DESTINATION IMAGE, PERCEIVED QUALITY, PERCEIVED VALUE TO SATISFACTION AND REVISIT INTENTION IN TANJUNG BENOA BALI

Carla, Siane, Andajani, Erna, Rahayu, Siti

Journal Economics & Business Atmajaya Indonesia Vol 1 No 1 (2017): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

Interesting attractions will make tourists come back to visit and create a positive image of the tourist area. This study aimed to analyze the influence of Destination Image, Perceived Quality and Perceived Value on Satisfaction and Revisit Intention on tourism in Tanjung Benoa Bali. This study uses primary data through questionnaires on 150 travelers whove been to Water sport Tanjung Benoa Bali. The sampling technique of this study was non-probability sampling. Processing and testing the model using Structural Equation Modeling (SEM) with the help of analysis of moment structures (AMOS 16). The results of quantitative research shows that there is influence of destination image on perceived quality, perceived value on satisfaction and revisit intention significantly. The influence of perceived quality significantly to perceived value, satisfaction and revisit intention. Note also that there is the effect of perceived value on satisfaction and revisit intention. In this study also found that there is influence significant satisfaction to revisit intention.

ANALYSIS OF DEBT, AMOUNT OUTSTANDING, STOCK PRICE INDEX, AND NOMINAL EXCHANGE RATE STABILITY OF THE FINANCIAL SYSTEM IN INDONESIA

Radiansyah, Bobby, Suhartoko, Y.B.

Journal Economics & Business Atmajaya Indonesia Vol 1 No 1 (2017): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

In this research will be discussed on macroeconomic indicators and financial system stability in Indonesia in period 2000Q1 - 2011Q4. For it will be examined whether there is influence of various macroeconomic indicators in the sample period as well as structural changes to financial system stability in Indonesia. This study uses Error Correction Model. Tests conducted in this study is a data stationary test, cointegration test, test methods Error Correction Model, using a stability test of Recursive Residual Cumulative Sum (CUSUM) and CUSUM of Squares Test (CUSUMQ). To explain the phenomenon of structural changes, were estimated using a dummy variable, during the global crisis in 2008-2009. From the results of these estimates produce a significant effect in the long term the macroeconomic variables on financial system stability in Indonesia although there are some macroeconomic variables the number of foreign debt, the money supply, and the stock price index  which does not have a significant impact on the short term.

PERFORMANCE MANAGEMENT THROUGH COMPENSATION SYSTEM AND CAREER MANAGEMENT: ACCELERATING ORGANIZATIONAL EXCELLENCE SUSTAINABILITY IN PT PJB SURABAYA

Darmasetiawan, Noviaty Kresna

Journal Economics & Business Atmajaya Indonesia Vol 1 No 1 (2017): Journal of Economics & Business (JEBI)
Publisher : Penerbit Atma Jaya Catholic University of Indonesia

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Abstract

Performance management is becoming a major requirement for many organizations, due to a good performance management of an organization can make it easier to achieve objectives, further impacts are as an advantage acceleration of sustainable organizations.   PT. PJB Surabaya conducts performance management through the creation of a compensation system and employee career management. Compensation system that is applied is in the context of employee performance management is through a system of remuneration and incentives for the employees, while the management system of the careers of employees are done transparently and equitable for every employee to prepare the employees who have integrity and high competence, and professional in carrying out the companys vision and mission. The purpose of this study was to determine how performance management is conducted by PT PJB Surabaya, as well as how is the designs of the compensation system and career management that are conducted by PT PJB Surabaya in order to do the performance management. This research is a study case, which uses primary and secondary data. Primary data were obtained through questionnaires, in-depth interviews and focus group discussions, while secondary data obtained through observation and analysis of documents. The findings obtained from this research is to know about the compensation system and career management that are conducted for performance management of employees, so PT PJB Surabaya is capable of accelerating sustainable organizational excellence.