Indonesia Conference Directory

Corresponding Author
Abdel Renzy Lubis

Institutions
a) Faculty of Economics and Business, Universitas Indonesia
Jalan Salemba Raya 4, Jakarta 10430, Indonesia
b) Faculty of Economics and Business, Universitas Indonesia
Jalan Salemba Raya 4, Jakarta 10430, Indonesia

Abstract
The increasing number of MSMEs (Micro, Small and Medium Enterprises) in Indonesia has made a positive contribution to the economy of Indonesia, but there are still many MSMEs that have not managed their businesses well especially micro businesses. Bakmie Pulau Seribu is a MSMEs that is classified as a micro business. Bakmie Pulau Seribu is a food kiosk that sells halal noodles, located in Menteng Square in the city of Jakarta, Indonesia. Qualitative research is carried out by survey methods and business coaching, to map the conditions and problems of MSMEs, then to be resolved by taking corrective actions and implementing them as improvement solutions. The results show that MSMEs do not have attractive promotional media and packaging designs to promote their business. In addition, the service process from MSMEs is also not effective yet. So the solution is to develop promotional media, redesign packaging and improving service processes to support MSME business activities. The results of the solutions implementation show an increase of gross profit within a month. This study aims to help Bakmie Pulau Seribu in managing their promotional activities and service processes by developing promotional media, redesigning the packaging and improving the MSME service process.

Keywords
MSMEs; Business coaching; Promotional media; Redesign packaging; Service process

Topic
Marketing

Link: https://ifory.id/abstract/UyCDnvtJgPcb

Corresponding Author
Kennya Novya Putri Nugroho

Institutions
Department of Technology Management, Faculty of Business & Technology Management, Sepuluh Nopember Institute of Technology (ITS)
Jalan Raya ITS, Keputih, Sukolilo, Surabaya
*kennya.18092[at]mhs.its.ac.id

Abstract
Project planning has a high level of uncertainty in execution so it needs to be controlled and good planning in every process. The Maturity Model (MM) approach is used to measure the level of development in project planning, and that level is measured by maturity level to determine project planning at which level of MM. In this research, the MM method is implemented together with waste identification of project activity at the executing stage which has not been done before by other researchers. Waste Identification is introduced to find out the reason why project planning is at that level. The purpose of this study is to eliminate waste and identifying the level of maturity will increase the maturity level of planning so the MM level will go up and project more developed. The dredging project was taken as a research object because it has an iterative process, so the lean method can be used. Researchers use MMLPPC to measure the maturity level of project planning. After that, identifying project activities waste during the execution stage using WAM and VALSAT methods. The results are to recognize the maturity level of project planning to go to the next level and make an improvement to develop the next project.

Keywords
Project Management; Maturity Model; Lean; Waste; Dredging; VALSAT

Topic
Operation Management

Link: https://ifory.id/abstract/eRQqfPV2bGMm

Corresponding Author
Serli Wijaya

Institutions
Faculty of Business and Economics
Petra Christian University
Jalan Siwalankerto 121-131 Surabaya, East Java

Abstract
Urban tourism has gained its popularity as an alternative tourism product that takes place in cities offering various tourism experiences not only for the visitors but also for the city residents. Semarang has evolved as one of the major urban tourism destinations in Indonesia showing an increasing visitor arrivals every year. The city has a wide range of tourism potential attractions including heritage tourism, religious tourism, shopping tourism at traditional markets, and culinary tourism. Despite its prospective tourism growth and extensive efforts of the local government to promote the destination, the number of tourists who visit Semarang is still behind its neighbouring cities like Yogyakarta and Solo. This study aimed to identify the image of Semarang as a tourism destination and to examine whether both cognitive and affective images of the city affected tourist satisfaction and tourist loyalty. The survey was undertaken to 300 respondents who were domestic tourists not residing in Semarang and had ever visited the city at least within the past year. The results showed that destination image significantly and positively influenced tourist satisfaction and induced the intention of tourists to revisit Semarang, with cognitive image had a stronger effect than affective image.

Keywords
Cognitive image, affective image, tourist satisfaction, and tourist loyalty

Topic
Marketing

Link: https://ifory.id/abstract/L4DctzrbvEwG

Corresponding Author
Ratna Lindawati Lubis

Institutions
Faculty of Economics and Business
Telkom University
INDONESIA

Abstract
Higher education in Indonesia has started to elaborate the rapid transition that has led to concerns as to whether or not the skills and knowledge of the increased supply of graduates are being fully utilized in employment. In Indonesia, the government plays an important role in the funding, regulation, monitoring and delivery of higher education. In recent times, there has been an increased supply of graduates from these programmes, but there appears to be a gap between graduates theoretical knowledge and “work-readiness” qualifications. Quality and accreditation are the heart of much debate for academic institution. As a result, an exciting but rather complex, picture of higher education in Indonesia is changing. It is therefore important that educators are au fait with the impact of this gap between theory and practice and develop strategies to build a bridge between these two areas. This paper discusses an attempt to close this gap in the form of a team-based assignment project, called “Socio-Eco-Preneurship” project, that was undertaken by the author and her students at Master in Management Program, Faculty of Economics and Business, Telkom University, a higher education institution under PT. TELKOM Education Foundation or Yayasan Pendidikan Telkom (YPT). The new curriculum for graduate students launched at the start of the academic year 2019/2020 and “Socio-Eco-Preneurship” project was part of the new curriculum implementation during this transition period.

Keywords
sociopreneurship, ecopreneurship, unemployment, new curriculum, “Socio-Eco-Preneurship” project

Topic
Entrepreneurship

Link: https://ifory.id/abstract/FHZEALQ8w3Wb

Corresponding Author
Ramdhani Ramdhani

Institutions
Department of Technology Management, Faculty of Business & Technology Management, Sepuluh Nopember Institute of Technology (ITS).
Jl. Raya ITS, Keputih, Sukolilo, Surabaya
*ramdhani.18092[at]mhs.its.ac.id

Abstract
Geneticists have succeeded in producing and strict selection a better broiler breeds that can that can provide better yields for shorter periods of time. However, chicken farm management is still a significant factor in producing broiler production. Some risks in the maintenance phase that are not treated early become one of the causes. This paper proposed application of risk management to identify, assess, analyze risks events in boiler farm management and how to mitigate those critical risks to increase the performance and productivity of the broiler production in closed house system. Bayesian networks can be used to analyze more specific information regarding rearing management and can be expected to provide solutions for the issue. Five processes in broiler management identified as basis to identify risk events such as receiving DOC, brooding period in 1st week, brooding period in 2nd week, growing period in 3rd week, growing period in 4th week until catching. Several risk events have identified based on interview and related literature and document such as risk of bad quality DOC on receiving DOC until risk of heat stress impact on last growing period . Measurable risk analysis is expected to revise any bad rearing management.

Keywords
Rearing Management, Broiler Chicken, Closed House, Bayesian Network

Topic
Operation Management

Link: https://ifory.id/abstract/FAu9yHGEjQZk

Corresponding Author
Andritta Oggy Thovaja

Institutions
University of Indonesia

Abstract
This research discusses the effect of transformational and transactional leadership, organization culture, and knowledge management towards risk management implementation in Perusahaan Umum Jaminan Kredit Indonesia (Jamkrindo). The study proposes three research question 1) is there any relationship between transformational and transactional leadership towards risk management implementation; 2) is there any relationship between organization culture towards risk management implementation? 3) is there any relationship between knowledge management towards risk management implementation? The research aims to identify and analyze the relationship between the effect of transformational and transactional leadership, organization culture, and knowledge management towards risk management implementation in Perusahaan Umum Jaminan Kredit Indonesia (Jamkrindo). This research will employ a quantitative approach with a survey as the research methodology involving the main office, 3 branches, and 3 units in Perum Jamkrindo.

Keywords
Leadership, Transformational leadership, Transactional leadership, Organization Culture, knowledge management, Risk Management

Topic
Strategic Management

Link: https://ifory.id/abstract/9UBW2YMuayjF

Corresponding Author
Friska Amelia Pratiwi

Institutions
Universitas Indonesia

Abstract
This paper aimed to analyze the role of liquidity channel in the spread of external shock in ASEAN-5, that consist of Indonesia, Malaysia, Singapore, Thailand, and Philippines. In purpose to see the linkage of market liquidity across countries, the authors used Granger causality. Data were divided into 4 sub-period ( Pre crisis period, Crisis period, Transition period, and Post crisis period), to implement the causality methodology. The crisis had impact on underlying the microstructure foundation and can lead to the flight to quality phenomenon, where investors move their asset from the risky one to the safe and liquid assets. The result showed that there was an increase of cross-market linkage in liquidity channel after the crisis period.

Keywords
contagion ; liquidity ; flight to quality ; stock markets; financial integration

Topic
Finance

Link: https://ifory.id/abstract/zWpHvfmjTycA

Corresponding Author
Elfadhanadya Kusuma Prasetyo

Institutions
Master of Management, Universitas Indonesia
Jl. Salemba Raya No.4, RW.5, Kenari, Kec. Senen, Kota Jakarta Pusat, DKI Jakarta 10430

Abstract
The development of business strategies, especially in terms of marketing must continue to be done in order to increase business growth so as not to stagnate. Every business must be able to adapt to the business environment, especially in current digital era, without exception Micro, Small and Medium Enterprises (MSMEs) has to continue to develop business in the digital world. This thesis aims to develop marketing channels for MSMEs that have begun to move into the digital world, which is namely MSME Selempang Grosir. Decision making and also business coaching-s research data obtained through interviews, observations, focus group discussions, and mini surveys to customers and non-customers of Selempang Grosir. Through the method of data collection, it was concluded that Selempang Grosir need to develop marketing channels through social media and e-commerce with the establishment of Standard Operating Procedure (SOP) promotion on social media.

Keywords
Business Coaching, Digital Marketing, Digital Marketing Channel, E-Commerce Marketing, SOP Promotion

Topic
Entrepreneurship

Link: https://ifory.id/abstract/MhcWuJF6f2yQ

Corresponding Author
Nuraini Wiridyadewi

Institutions
UNIVERSITAS INDONESIA

Abstract
Purpose of this study is to give guidance for Sukaseni Wedding Photography SMEs business in order to expand his market by improving their personal selling techniques. Based on the results of author observations in Sukaseni Wedding Photography SMEs, there are several issues that become obstacle for Sukaseni Wedding Photography in doing his business. The major issues related to the business sales. As SME which has built since 2016, Sukaseni Wedding Photography doesn-t have business strategy, standardized SOP selling, and company profile to introduce his profile to the customers. During his business, he is only using social media instagram and word of mouth promotion as his marketing channel. According to these issues, author will relate these issues with the theory of personal selling and brand building through corporate visual identity to strengthen the core business of Sukaseni Wedding Photography business with his compatible competitive advantages. In undergoing this research, author was conducting in-depth interviews and in-depth observations for 6 months. The result of this study yielded standardized SOP selling and expansion of marketing area by approaching wedding venues in Jakarta and Depok area using company profile to improve the business advantages of Sukaseni Photography in accordance with his value proposition.

Keywords
Photography, company profile, SOP selling, personal selling, marketing channel

Topic
Entrepreneurship

Link: https://ifory.id/abstract/2bvzEuhUgMWN

Corresponding Author
Serli Wijaya

Institutions
Faculty of Business and Economics
Petra Christian University
Jalan Siwalankerto 121-131 Surabaya East Java

Abstract
Ecotourism is defined as responsible travel to natural areas that conserves the environment, sustains the well-being of the local people, and incorporates interpretation and education. With its rich natural biodiversity, Indonesia has played an important role in the world-s environmental conservation. Ecotourism, therefore, is a special interest tourism that Indonesian government has developed and promoted as a means to attract more responsible tourists to visit the country. Promotion strategy has been undertaken using both offline and online platforms to enhance the image of Indonesia as a worth-taking ecotourism destination in the world. This study aimed to examine the effect of online promotion through various digital platforms, which play as an external stimulus, and travel motivation as an internal tourist-s driver on tourists- destination image and travel intention to ecotourism destinations in Indonesia. Questionnaire-based survey was completed to 319 respondents who would travel to any ecotourism destinations in Indonesia. The results showed that both online promotion and travel motivation directly affected tourists- intention to visit ecotourism destinations in Indonesia. Meanwhile, the image held in tourists- minds about the destination had played as a significant mediating role of online promotion and travel motivation in influencing tourists- travel intention.

Keywords
Online Promotion, Travel Motivation, Destination Image, Travel Intention, Ecotourism

Topic
Marketing

Link: https://ifory.id/abstract/8Yg4HG2JhQqF

Corresponding Author
Di-zenah Alifiah Rachma

Institutions
University of Indonesia

Abstract
2018 has been an exciting year for contractor. The government is actively supporting and carrying out infrastructure development in Indonesia. On the other hand, GAPENSI record a sharp decreasing number of its member from 70.000 to 35.000 members in 2018. These numbers represent the small- and medium contractors in Indonesia. PT. DMP is a small contractor in the transection phase to be a medium contractor. Its issues are cash- and organizational management which impacts it-s capability to scale up into a medium contractor. Therefore, based on intensive interview with the business owner, and direct interaction with the company, the coach analyzes the company using internal and external business tools. Mapping the existing-, ideal-, and GAP conditions of the company. And formulating solutions for the problems. Business coaching process will last for 6-8months. The goal of this coaching activity is to form a SOP for documenting transaction, and to produce a financial statement for this company.

Keywords
Standard Operational Procedure(SOP), Transaction, Financial Statement, Construction, Business coaching.

Topic
Finance

Link: https://ifory.id/abstract/VBWkgfXurdZJ

Corresponding Author
Anisa Humairoh

Institutions
a) Magister Management, Universitas Indonesia
Jalan Salemba Raya 4, Central Jakarta, Indonesia
*admisi.mmfeui[at]ui.ac.id
b) Magister Management, Universitas Indonesia
Jalan Salemba Raya 4, Central Jakarta, Indonesia

Abstract
The growth of negative campaign commited during marketing is one of the factors that is making this topic interesting. On the other hand, the negative coverage done by the media can also be the source of negative campaign. The Negative reports from the media can then influence publics intention to vote. Therefore, this study is aiming on examining the role of negative news in moderating party identificaiton, political trust, political interest and government performance towards interntion to vote. This studys subject is the impact of negative news towards incumbent governors on the election of the DKI Jakartas Governer in 2022. The method used for this study is Structural Equation Model (SEM) method with moderation variable. Results shows that political interest doesnt have any significant relations towards the intention to vote. On the other side, the other three variables are proved to be positively related to intetion to vote. Meanwhile, negative news is proved to strengthen the intention to vote of identification party and political trust variable but not for government performance. In conclusion, negative news can influence ones intention to vote but is inefective in weakenig ones intention to vote.

Keywords
Political Marketing; Intention to Vote; Negative News; Negative Campaign

Topic
Marketing

Link: https://ifory.id/abstract/JY6PuKx7fdHF

Corresponding Author
Lia Ninda Safitri

Institutions
a) Departement of Information Technology Management,
Sepuluh Nopember Institute of Technology, Cokroaminoto 12 A, Surabaya 60264, Indonesia *lianindasafitri[at]gmail.com
b) Faculty of Mathematics, Computing and Data Science, Keputih, Surabaya 60111, Indonesia

Abstract
Effort and cost management are important factors that determine the success of the software development project. Effort-based cost estimation has to be transparent and accountable. Use Case Points provides effort method using Object-Oriented Programming. In Indonesia, Agile-Scrum as development framework and Object-Oriented Programming as programming method have been widely used. Use Case Points integrated with Scrum Framework has been used to calculate effort estimation. Application of Use Case Points integrated with Scrum Framework to calculate cost estimation is something new. This research demonstrates how Use Case Points integrated with Scrum framework can be used to calculate the cost estimation of software development.

Keywords
Use Case Points, Scrum Framework, Cost Estimation, Effort Estimation, Software Development

Topic
Finance

Link: https://ifory.id/abstract/w3RgFearGWzT

Corresponding Author
Faisal Habibie

Institutions
a) Master of Management, Universitas Indonesia
Jalan Salemba raya 3, Jakarta 10440, Indonesia
*faisal.habibie23[at]gmail.com

Abstract
Electronic word of mouth (eWOM) recognized as a highly influential aspect in online consumer behaviour, information transfer between customers is considered as a more relevant marketing communication than any company commercial advertising; consumers tend to seek information provided by experienced and credible informant in online platform especially for high involvement products like a vehicle. However, consumers tend to be less interested in participating in eWOM especially on experiential products. The goal of this research is to determine what factors from consumption value theory that motivates electric vehicle consumers to contribute in eWOM. Most consumers online are characterized as “lurkers” who read information and reviews but rarely or never participate (Heinonen, 2011 and Rau et al. 2008). For these reasons, understanding social/relational interactions in eWOM communication through the application of social relationship theories may no be entirely appropriate in the context of social media websites (Brown et al., 2007). A questionnaire is used to test the hypothesis using SPSS and Lisrel. This research aims to analyse what factors that attract online consumers and determine their motivation to contribute to Ewom.

Keywords
Electric Motorcycle, EWOM, Consumption Value Theory. Consumers Motivation.

Topic
Marketing

Link: https://ifory.id/abstract/vPLGYTrBw46W

Corresponding Author
Afifa Filiani Sehato

Institutions
a) Master of Technology Management, Sepuluh Nopember Institute of Technology
Cokroaminoto 12 A, Surabaya, Indonesia
afifa.17092[at]mhs.its.ac.id
b) Master of Technology Management, Sepuluh Nopember Institute of Technology
Cokroaminoto 12 A, Surabaya, Indonesia
hari[at]its.ac.id
c) Master of Technology Management, Sepuluh Nopember Institute of Technology
Cokroaminoto 12 A, Surabaya, Indonesia
tonydwisusanto[at]is.its.ac.id

Abstract
It is undeniable that in the use of IT services can not be avoided from problems. A functional unit is required to handle problems in IT services that occur in the organization to ensure IT services can provide value to the organization, namely the Service desk that acts as a Single Point of Contact (SPOC) between service providers and users. E-government IT services have their own uniqueness that can be seen from various aspects including organizational culture, drivers, budgets, to human resources. Various studies related to service desk previously have discussed a lot about how the service desk process model in general. However, the overall existing process model does not explain the accuracy of its use in certain focus areas, but is still being developed for IT services in general. Besides based on previous studies, there are also a number of frameworks or process models that have links with service desks, namely ITIL, The Global Service Desk Standard, ISO 20000, Knowledge-Centered Service, Microsoft Operation Framework, A Guide to Service Desk Concepts and HDI Support Center Standard. The whole also discussed general service desk process. Therefore, this study aims to produce a e-government service desk model by comparing several existing service desk process models and formulating the service desk model by identifying the details of activities based on the characteristics of e-government IT services at each stage.

Keywords
Process Model; Service Desk; E-Government

Topic
Strategic Management

Link: https://ifory.id/abstract/mCyjHPbKu3AV

Corresponding Author
Nabila Putri

Institutions
Faculty of Economics and Business, University of Indonesia

Abstract
The Government of Indonesia recognizes MSMEs as the main driver of economic growth as well as social welfare. Furthermore, Indonesia making MSMEs the priority of government policy. In fact, only 18% of Indonesia-s MSMEs currently use e-commerce through the use of websites and social media, and only 9% adopt a more sophisticated e-commerce strategy. It is important to assess how the involvement of e-commerce, in MSME business-to-consumer (B2C) relationships affects the success of micro businesses in the Indonesian retail sector. The Greater Jakarta area is the largest e-commerce market and trends show that the clothing category is the most popular. Seeing business opportunities, MSME Atkey developed a business engaged in online retail of apparel for young adult women. However, Instagram marketing strategies and distribution channels from Atkey have not been excellent. In this research, we conduct business coaching method an action research, using some of instruments such as collected qualitative data for mapping MSME condition and problem, then proceed the corrective action for improvement. The Pareto analysis for showing gaps reveals unoptimzed promotion channels, and ineffective workflow processes. Therefore, we restructured the Instagram marketing strategies and workflow business process for Atkey. We started exploring from industry analysis based on 5-s Porter, competitive analysis, STP (Segmenting, Targeting and Positioning), Promotion and Marketing Communication Strategy. This study designed to help Atkey in Optimization of Instagram Marketing and Efficiency of Workflow Business Process Using e-commerce in MSME Atkey to face business competition in maintaining the companys long-term sustainability.

Keywords
Business Coaching, Action Research, Instagram Marketing, Effeciency Workflow Business Process with E-Commerce

Topic
Entrepreneurship

Link: https://ifory.id/abstract/XLpZwtNPJn6f

Corresponding Author
Isfenti Sadalia

Institutions
1,2,3) Department of Magister Management, Universitas Sumatera Utara, Jalan Sivitas Akademika, Medan 20155, Indonesia
*isfentisadalia[at]gmail.com

Abstract
Entering that revolution 4.0 financial industry must be able to implement several digital-based technologies including block chains, big files and robo advisers. Likewise in the trade sector where consumer payment instruments need to be more advanced such as online crowd funding and peer to peer payments. Disruptive innovation can help create new markets which eventually replace the previous technology. Companies must compete to provide a variety of innovative business model development technologies to exploit old technology in a new, better approach. Dynamic financial technology must be able to innovate that focuses on technology in marketing each of its products. This study uses quantitative methods with a sample of 200 conventional and sharia customers. The data that has been obtained is then processed using the WarpPLS software. Therefore, this study concludes that to improve product marketing in the financial sector, companies must consider the existence of disruptive innovation and financial technology for corporate progress. It is hoped that the implications of this research can improve customer service satisfaction in the banking sector.

Keywords
Financial Technology, Disruptive Innovation, Business Model Factors, Banking

Topic
Finance

Link: https://ifory.id/abstract/7X9bQmR4AfVY

Corresponding Author
rahmawati rahma

Institutions
University Muhammadiyah of Palopo
Africa Business School

Abstract
Abstract Purpose Corporate social responsibility disclosure is part of the service of accounting performance linked to social, economic, environmental dimensions of company program which can play a keen role in developing stakeholders (Society, government, stockholders) trust as well as image of the company. Nevertheless, such perspectives are debatable since there is less agreement on the very purpose ofcorporate social responsibility of companies. The purpose of this research is to examine relationship between corporate social responsibility disclosures to reduce the disparities in the company performance. Following a interpretive research philosophy the study used descriptive study designof qualitative research methodology. Design followed 10 years data from a mining company on corporate social responsibility disclosure and did the content analysis from secondary literature.The results of the qualitative study show that the accountability is closely knit with company responsibility which intern influence society, business image and economic development. Research extends practical, policy, theoretical implication of stakeholders and accountability of corporate social responsibility disclosure.

Keywords
Accounting, Accountability, Stakeholders, responsibility, disclosure, conflict, society.

Topic
Environmental Management

Link: https://ifory.id/abstract/HhxWL763unmM

Corresponding Author
Winalda Perdana

Institutions
Faculty of Economics and Business, Universitas Islam Negeri Syarif Hidayatullah & Department of Management, Faculty of Economics and Business, Universitas Indonesia

Abstract
This research investigates the impact of credit risk and liquidity risk on Islamic bank performance in Indonesia. Some previous studies have found that credit risk and liquidity risk have a significant impact on bank performance. Using data in Indonesia from 2008 to 2016, this study finds that credit risk has negative impact on Islamic bank performance while liquidity risk have negative impact on ROA and positive impact on ROE of Islamic bank in Indonesia. This result is in line to the previous studies done in developed and developing countries.

Keywords
credit risk, liquidity risk,, Islamic bank, bank performance, Indonesia

Topic
Finance

Link: https://ifory.id/abstract/rczGCnx7Bd9g

Corresponding Author
Winalda Perdana

Institutions
Faculty of Economics and Business, Universitas Islam Negeri Syarif Hidayatullah & Department of Management, Faculty of Economics and Business, Universitas Indonesia

Abstract
This study investigates the impact of oil price on cost of hajj in Indonesia during period 1975-2018. Using the OPEC oil price as an indicator, this study found that oil price have positive impact on cost of hajj. As the oil price increase, the hajj cost may also increase. This is due to the major component of hajj cost is transportation cost which really sensitive to oil price changes.

Keywords
oil price, cost, hajj, Indonesia

Topic
Finance

Link: https://ifory.id/abstract/7HBMxT8ntDAb

Corresponding Author
Ardie Nirvansyah

Institutions
Universitas Indonesia

Abstract
Expected returns are a central input in asset allocation decisions and understanding the drivers of expected-returns variations has been coined the “central organizing question” in modern empirical asset pricing research (Cochrane, 2011). Log-Linear Present Value (LPV) framework offers a more parsimonious accounting-based approach for the estimation of expected returns across international markets. This paper will compare how optimal portfolio can be made based off LPV framework which will be compared to the more established Fama-French Five Factors model. The research uses sample of stocks in Indonesian Stock Exchange with observation period of five years, starting from November 2014. Portfolio was formed from selection of 50 stocks using Sharpe ratio as proxy for optimal reward-to-risk ratio. The research finding suggests that Fama French Five Factors model shows superior portfolio.

Keywords
Optimal Portfolio, Log-Linear Present Value, Fama-Frnehc

Topic
Finance

Link: https://ifory.id/abstract/kqWHKdY7eRhp

Corresponding Author
Winalda Perdana

Institutions
Department of Management, Faculty of Economics and Business, Universitas Indonesia

Abstract
This study investigates the impact of corporate social responsibility performance on banks soundness in Indonesian bank during period 2008-2016. Using the OECD standards as CSR scoring indicator, this study found that corporate social responsibility performance have positive impact on banks profitability performance. CSR may affect both the cost and revenue. Although costs increase, revenues increase even more. Therefore, banks in Indonesia have to improve its CSR performance in order to increase its financial performance.

Keywords
corporate social responsibility, bank soundness, Indonesia

Topic
Finance

Link: https://ifory.id/abstract/gGMY4qDUJeWA

Corresponding Author
Winalda Perdana

Institutions
Department of Management, Faculty of Economics and Business, Universitas Indonesia.

Abstract
This study investigates the impact of oil price financial soundness of airlines company during period 2006-2017. Using the OPEC oil price as an indicator, this study found that oil price have negative impact on airlines company financial soundness. Oil price may affect the cost function because oil price is considered to be the biggest component in cost structure of airlines company. Therefore, airlines company should always anticipate the oil price in order to maintain its financial.

Keywords
oil price, airlines company, financial soundness

Topic
Finance

Link: https://ifory.id/abstract/9cwkWrfJGaU4

Corresponding Author
Adityawan Pradipto

Institutions
(a) Universitas Indonesia
Gedung Dekanat FEB UI Kampus Widjojo Nitisastro, Jl. Prof. DR. Sumitro Djojohadikusumo, Kukusan, Kecamatan Beji, Kota Depok, Jawa Barat 16424
*adityawan.pradipto[at]gmail.com

Abstract
This study aims to investigate and compare the performance of Fama-French Five Factor Model and Hou et.al q5 factor model before and after the effect of transaction cost is taken into account in Indonesia Stock Market. To compare the performance of each factor before transaction cost, we use ordinary least square with monthly time-series data from 2002 to 2018. When comparing the performance of each factor after transaction cost, we use new performance metric from Novy-Marx and Velikov (2016) named generalized alpha. We find that Hou et.al q5 factor model cannot explain Fama-French SMB and HML factor while Fama-French five factor model cannot explain ROE and IA factor of Hou et.al q5 factor model. Except for SMB factor, this result is robust even when transaction cost is incorporated into the analysis. Our findings indicates that transaction cost is not a significant factor for comparing both model despite of monthly rebalancing of Hou et.al q5 factor model.

Keywords
asset pricing, fama-french 5 factor model, hou et.al q^{5} factor model, transaction cost, indonesia stock market

Topic
Finance

Link: https://ifory.id/abstract/EwdeHWzMtjbZ

Corresponding Author
Jamal Abdul Nasir

Institutions
Master of Management, Faculty of Economics and Business, University of Indonesia
Gedung Prof. Wahjudi Prakarsa Jl. Salemba Raya 4 Jakarta Pusat 10430
http://mm.feb.ui.ac.id

Abstract
The rapid development of technology has affected many changes in various sectors, including the retail sector and the fashion industry. Multichannel service is starting to shift to omnichannel. To better understand the phenomena that arise, This paper is about investigated the potential drivers of omnichannel service usage in fashion industry. This research develops a model based on object based beliefs and behavioral beliefs. In addition, innovation in fashion (fast and slow fashion) are hypothesized as moderating the effect of behavioral beliefs on omnichannel service usage behavior. Using an online survey of 200 omnichannel users, this study find that channel integration quality significantly affects perceived fluency across different channels, in the end will improve omnichannel service usage. The result also show that slow fashion enhances the effect of perceived fluency on omnichannel service usage, Whereas fast fashion weakens the effect of perceived fluency on omnichannel service usage. Furthermore, the model can be applied to fashion retailers useful insights regarding the development of future omnichannel strategies.

Keywords
omnichannel; object based beliefs, behavioral beliefs; fast fashion; slow fashion

Topic
Marketing

Link: https://ifory.id/abstract/Xh9EB72pwkfx

Corresponding Author
Phatsanan Yanasoot

Institutions
1 Department of Educational Technology and Communication, Faculty of Technical Education, Rajamangala University of Technology Thanyaburi, Pathumthani 12110 Thailand
2 phatsanan_y[at]mail.rmutt.ac.th
3 sthosporn[at]rmutt.ac.th

Abstract
The aims of the research were to: 1) find the efficiency of the Computer Assisted Instruction (CAI) based on the GCC concept in English subject for vocational students., 2) the results of pre and post achievement test of students learning from the CAI., and 3) find the satisfaction of vocational students taking the CAI. The subjects of this research were 30 vocational students taking English subjects in the first semester of the academic year 2017 at Saraburi Technical College. The research instruments were the CAI for vocational students, pre-test and post-test, and a satisfaction questionnaire. The statistics used for data analysis were percentage, mean, standard deviation, and t-test for a dependent sample. The result of the study showed that the CAI had an efficiency of 81.67/80.33. The achievement of the students before learning with the CAI for vocational students was 8.03, and the standard deviation value was 1.00. The average scores after learning with the CAI for vocational students were 24.50, and the standard deviation value was 2.75 t-test value between before and after learning was 16.47, and it was significantly different at the 0.05 level. The satisfaction of the vocational students toward the CAI was at a high level.

Keywords
Computer Assisted Instruction, English, GCC concept

Topic
New Technologies in Education

Link: https://ifory.id/abstract/gP9rADXu6Gd8

Corresponding Author
Nur Aini

Institutions
Faculty of Health Sciences, University of Muhammadiyah Malang

Abstract
Introduction : The problem faced by sick human are not only physical problems but also psychological and spiritual patients will experience imbalances. The purpose of this study was to determine the effect of psychospiritual interventions on the spiritual level of patients. Methods: This was a one-group pre-test post-test study conducted in May 2018 at the Aisyiyah Islamic Hospital in Malang. Samples of 15 inpatients were taken by purposive sampling technique. A socio-demographic questionnaire, the DSES (Daily Spiritual Experiences Scale) was utilized for data collection. This intervention was carried out 4 days (4 meetings) for 30-60 minutes each. The data were analyzed using Wilcoxon test in SPSS. Results: The majority of the spiritual level of patients at pre was 13 people (86.7%) and low 2 (13.3%), after intervention 14 people (93.3%) had a high level and 1 (6.67 %) medium. p-value (0.001) <α (0.05), which means there is a spiritual level difference before and after intervention. Conclusion: The psychospiritual interventions is very effective in improving the spiritual quality of care patients. Thus, have a positive impact on patient health. Therefore, it is recommended that nurses not only focus on physical aspects but provide holistic care in all aspects, especially spiritual.

Keywords
Intervention psychospiritual, level of spiritual, inpatient, holistic

Topic
Basic Health Science

Link: https://ifory.id/abstract/HYeCAc3N4w7b

Corresponding Author
Yenni amalia Siregar

Institutions
UNIMED

Abstract
This study aims to determine: Problem solving skills with a static fluid material and self efficacy. The instrument used was a test students problem solving ability and self-efficacy tests in the form of a questionnaire. Data was analyzed using ANOVA two lanes. The results showed that the ability of solving problems with static fluid material and self efficacy of the experiment better than problem solving skills with a static fluid material and self efficacy in control with the average value of problem-solving abilities to the experiment of 65.66 while in control of 63.5, problem-solving ability have high self-efficacy is better than problem solving skills that have a low self-efficacy with an average value of self-efficacy high of 76.65 and a low of 47.00 in the experimental class. While in the control class average high self-efficacy of 65.00 and a low of 53.84, and there is interaction between the static fluid material and self efficacy in affecting the ability of problem solving.

Keywords
Fluid Static, Problem Solving Ability, Self Efficacy

Topic
Applied Basic Science and Multidisciplinary

Link: https://ifory.id/abstract/9FeaVjbRkuqf

Corresponding Author
Rizky Utami Hutapea

Institutions
Magister Manajemen (MM) Universitas Indonesia, Gd. MMUI Jl. Salemba Raya 4 Jakarta 10430

Abstract
This paper observes the linkage between working capital management and firm financial performance of manufacturers in ASEAN-5 (Indonesia, Malaysia, Thailand, Philippines, and Singapore). In the previous research, the optimum working capital investment was sensitive to financial constraint in which the relation shows the U-shaped. The fundamental information was used as the variable in order to see such sensitivity. In contrast, this paper uses not only fundamental information but also financial development index (published by World Bank) as variables. Therefore, we can see the influence of country development on working capital management. The paper also analyses whether the optimal working capital level for manufacturers with financial constraint are lower than those who are unconstraint. This can help the management in deciding the optimal investment level on working capital and maximizing the firm-s value and performance.

Keywords
working capital, financial constraint, corporate performance, financial development

Topic
Finance

Link: https://ifory.id/abstract/EDXCrRjy7tHK

Corresponding Author
Refitra Kusumawardani

Institutions
University of Indonesia

Abstract
Environmental problems become fascinating issues to be studied more deeply, especially environmental problems that occur in Indonesia. The Indonesian ministry is also in the midst of building awareness for business people to compete in managing their business based on the concept of environmentally friendly (green) through an award event. One example of an award event conducted by the ministry is the Green Hotel Award. This research scrutinizes more in-depth the application of human resource management in hotels that won the Green Hotel Awards. The research is conducted through perceptions and green human resource management concepts related to employee commitment, employee ecological behavior, and environmental performance of the green hotel award-winning hotel

Keywords
green hotel award, hotel, green human resource management, ecological behavior, environmental performance, commitment, Borobudur

Topic
Human Resource Management

Link: https://ifory.id/abstract/wWYb2CtkxV9U