14th GCBSS Proceeding 2022最新文献

{"title":"A Comparative Analysis of Black-Scholes Option Model and Garch Option Model on Kompas100 Index with Long Straddle Strategy during 2008-2021 Periods","authors":"R. Hendrawan, M. D. Aulia Hasibuan","doi":"10.35609/gcbssproceeding.2022.2(40)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(40)","url":null,"abstract":"The Indonesian economy was hit by at least two crises in 2007-2021. The first one was the subprime mortgage economic crisis of 2008. A subprime mortgage is a home loan (mortgage) offered to debtors who have a bad credit history or have no credit history at all, making them high-risk loans. The second one was the crisis triggered by the COVID-19 pandemic, which resulted in economic and health crises in Indonesia. In the past 15 years, based on the data in Figure 1., the Kompas100 Index experienced the lowest daily return on October 8th, 2008, with a decrease of -11.84%and the highest daily return on March 26th, 2020, with an increase of 13.08%. The economic crisis in 2008 had a significant impact on the Kompas100 Index. At the beginning of 2008, the Kompas100 Index was at 697 points, but until October 8th, 2008, it fell to 349 points or a 49.88%correction from the beginning of the year. Furthermore, based on the daily return on the Kompas100 Index from January to December 2008, as presented in Figure 2, it can be inferred that the weakening and strengthening of the Kompas100 Index in 2008 ranged from -11.84%to 8.74%per day. The Kompas100 index continued to fluctuate and was at the level of 330.86 at the end of 2008, or down 52.54%from the position at the beginning of the year.\u0000\u0000\u0000Keywords: Option, Black Scholes, GARCH, AMSE, Long Straddle","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"2012 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127395610","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Predicting Job Change among Data Scientists using Machine Learning Technique","authors":"Felicisima V. Rafael","doi":"10.35609/gcbssproceeding.2022.2(77)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(77)","url":null,"abstract":"In the knowledge and data-driven economy, countless ramifications were attributed to great contribution of data scientists in transforming business and industries by using various data science tools in recognizing and generating patterns in data points to generate insights. The study aimed at applying data science in human resources, and generates actionable intelligence, and HR analytics to better understand employees' perception towards the company, work environment. The researcher used the processes of Knowledge Discovery in Databases (KDD) method. Knowledge discovery in databases is the nontrivial process of identifying valid, novel, potentially useful, and ultimately understandable patterns or relationships within a dataset (10,000 examples, 0 special attributes, and 14 regular attributes) to make important decisions. RapidMiner was used perform the KDD processes of selecting, pre-processing, data transformation, data mining using machine learning algorithm. Accordingly, Decision Tree was found to be the learning algorithm fit for the ExampleSet. Further, among 14 attributes, the most important attribute to split on was the city_development_index. This implies that the best predictor variable for job change among data scientists was the city_development_index. Consequently, the prediction model has 92.1% confidence that a Male who works in a city with a development index of 0.920, with relevant data science experience, not presently enrolled in the university, high school graduate, with 5 years of work experience, presently working in a Funded Start-up company with 50-99 employees, works for the first time with training hours=24 was predicted will \"Not Change\" a job. The model has 77.78% accuracy, and 81.70% precision.\u0000\u0000\u0000Keywords: Data Scientist, Data Science, Job Change, Human Resource Analytics","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"2 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127779124","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Towards Sustainability, Can Higher Oil Rents Increase Renewable Energy Consumption? And Can higher Oil Prices and Taxes on Investments Increase Renewable Energy Investment?","authors":"Mohammad Makki, Mir Khalili, Jeanne Laure MAWAD","doi":"10.35609/gcbssproceeding.2022.2(18)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(18)","url":null,"abstract":"Sustainable development is attracting great attention from economists lately looking at it as a way to minimize capital depletion and to make it accessible to the global present and future population. The concept of sustainable development embraces the importance of sustaining the world's resources while trying to harmonize the relationship between humans' behavior and activities and the natural environment. This entitles changing the ways and methods of how producers develop and use productive technologies; how and what goods and services consumers demand; and how governments, local authorities, NGOs and any other relevant players plan and act in the economy. Energy is a factor that contributes to making our world habitable. It is deemed one of the most important factors of life on earth. In particular, the world's energy use is made up of 80% of fossil fuels, or what is known as non-renewable energies. Fossil fuels are coal, petroleum, and natural gas. As a result, the world is pretty much non-renewable energy-dependent and unsustainable. Non-renewable energy sources, are resources hoped to be gained from wars, conflicts, and power disputes. In addition to conflicts, the problem that dominates the public discussion on non-renewable energy is climate change. Inflation is another con of non-renewable energy dependence: surging energy costs have boosted inflation, especially in Europe, after fossil-fuel prices nearly doubled in 2021, and as a consequence of the Russian Ukrainian conflict, oil prices hit a 14-year high, Global oil prices have spiked about 60% since the start of 2022, raising concerns about global economic growth and stagflation.\u0000\u0000\u0000Keywords: Sustainability; Renewable energy; Oil rents; Oil prices; Policy.","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126861075","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Effects of CSR Policies in Maintaining the Sustainability of SMEs in Times of Crisis","authors":"M. Ciubotariu, Ana-Maria Sandulachi, V. Grosu, E. Hlaciuc, A. Macovei","doi":"10.35609/gcbssproceeding.2022.2(68)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(68)","url":null,"abstract":"In the context of numerous economic, political, social and environmental crises, the role of companies regarding social and environmental responsibility is one of the topics on the agenda of many interest groups, responsibility and sustainability becoming key aspects of doing business globally. Thus, as a result of the pressures exerted by various stakeholders on companies regarding the reporting of non-financial information, more and more entities have made sustained efforts to include CSR practices in their business strategies. In this sense, both at the business environment and at the academic level, the question of the impact that the adoption of CSR practices has on the performance and sustainability of businesses in various social and economic contexts has been raised. The purpose of this paper is to evaluate the contribution of CSR policies and practices in maintaining the performance and sustainability of SME activity in times of crisis. In order to achieve the proposed goal, two main objectives were drawn, namely: O1 – Identification of the effects of CSR policies and practices at the level of SMEs; O2 – Evaluation of the sustainability of SME businesses in the field of food industry under the effect of multiple crises.\u0000\u0000\u0000Keywords: Crisis, CSR Practices, Performance, Smes, Sustainability","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"52 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122784957","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Vocational High School Prospective Graduates' Employability via Dual Vocational Certification (DVC)","authors":"Kisno, Sherly, Edy Dharma, Humiras Betty Sihombing, N. Sitanggang","doi":"10.35609/gcbssproceeding.2022.2(57)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(57)","url":null,"abstract":"Vocational High Schools are educational institution aiming to prepare the ready-to-employ graduates by prioritizing their skill and expertise according to their areas of expertise (Azri, Irwan, & Nurul, 2020; Mukhlason, Winanti, & Yundra, 2020). Vocational High School is expected to play an important role in holistic human development and community development Indonesia entirely and reduce the number of early school leaver (Slamet, 2016; Diwangkoro & Soenarto, 2020; Farrugia & Martina, 2021). While the growth of employment in the industrial sector is growing slowly, the graduates of Vocational High Schools are increasing but the rate of joblessness of the Vocational Highs Schools graduates has become a critical issue in Indonesia (Erlinawati, 2020; Wijaya & Utami, 2021; Hanifah & Suharyanto, 2021). As a result, these Vocational High Schools graduates are not accommodated in the industrial sector and they become job seekers or open unemployment (Dewi, 2017; Yunikawati, Prayitno, Purboyo, Istiqomah, & Puspasari, 2018; Azman, Ambiyar, Simatupang, Karudin, & Dakhi, 2020). The Central Statistics Agency (BPS) reported that in August 2021, the majority of unemployed people in Indonesia were dominated to 11.13% or 9.77 million by the graduates from Vocational High Schools (BPS, 2021). Most of the Vocational High Schools graduates intend to work immediately, but are not employed in the industry or business sector. This is due to the increase of Vocational High Schools graduates who are mismatched by job opportunities.\u0000\u0000\u0000Keywords: Dual Certification; Vocational High School; Employability","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122161903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Integrated Solidarity in Fostering Bhineka Tunggal Ika, the Foundation of the Indonesian Sate among Generation Z Christians in the City of Kupang and Bandung","authors":"Chandra Han, R. Pramono, Amos Sukamto","doi":"10.35609/gcbssproceeding.2022.2(50)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(50)","url":null,"abstract":"Solidarity as a social cohesion is critical to unite the diversity contextually and globally. Particularly for Indonesia which admits 6 religions officially and consists of more than 1.300 ethnicity and 17.000 islands, solidarity is prominent to fostering the foundation of Indonesia, Bhineka Tunggal Ika. The current research conducted from October to December 2021 on Indonesian Social Solidarity Among Generation Z Christians in the City of Kupang and Bandung showed the challenge for three significant institutions, education, family, and religious in fostering the social bond in the context of fostering Bhineka Tunggal Ika. The aim of this article is to propose an integrated solidarity approach to fostering Bhineka Tunggal Ika, the foundation of the Indonesian State. The article will employ the qualitative-descriptive approach. The integrated solidarity will analyze three institutions: education, family, and religious. The pandemic Covid-19 revealed the significant of family when the student education and the church service must be proceeded online, thus the interdependence of this three were inevitable. This article will argue that social solidarity among the generation Z Christians must put the centrality of education which is intergrated with family and religious institutions to fostering Bhineka Tunggal Ika (unity in diversity).\u0000\u0000\u0000Keywords: Social Solidarity, Bhineka Tunggal Ika, Indonesia, Generation Z.","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"23 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123203076","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Collar Strategy as a Hedgıng Effort in the Jakarta Islamıc Index","authors":"R. Hendrawan, Z. Arifin","doi":"10.35609/gcbssproceeding.2022.2(38)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(38)","url":null,"abstract":"The revivals of the Islamic economy in Indonesia was marked by the establishment of the Jakarta Islamic Index (JII) on July 3, 2000. The crises in 2008 and 2020 caused JII to experience relatively high fluctuations. Hedging was necessary to protect assets from sharp declines. One of the hedging strategies was to use option contracts with a collar strategy. This research focuses on testing and comparing various types of collar strategy option using the Black Scholes method with historical variance and GARCH (1,1) variance on JII in the period of one and three months. According to Sinclair (2010), the collar strategy is a combination of a covered call option and a protective put option. The collar strategy provides limited profits but the collar provides hedging with little or no cost if the buying price of the put option is the same as the selling price of the call option. Based on the above phenomenon and previous research, this research aimed at comparing the Black Scholes and GARCH models using the Collar Strategy as a Hedging Effort in the Jakarta Islamic Index (JII).\u0000\u0000\u0000Keywords: Black Scholes, GARCH, Jakarta Islamic Index, Option Contracts","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"54 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132688364","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Social Impact Measurement Methods and Challenges in Practice: A Study on Women Empowerment NGOs","authors":"Fatma Köroğlu, Nihan Yıldırım","doi":"10.35609/gcbssproceeding.2022.2(72)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(72)","url":null,"abstract":"This study aims to explore the social impact measurement (SIM) methods and the associated challenges from the perspective of women empowerment NGOs in Turkey. Ebrahim and Rangan (2010) define social impact as \"a logic chain of results in which organizational inputs and activities lead to a series of outputs, outcomes and ultimately to a set of societal impacts\", which is a function of measuring the degree of project's success on the way to the women's economic empowerment in this case. Available consultancy and outsourced services on these activities are also limited in Turkey, and the existing services and frameworks are generally performed with manual procedures. Hence, these NPOs need methodologic and practical digital tools to efficiently monitor, assess, and measure those projects' outputs, outcomes, and social impact. These monitoring and measurement activities also matter in the companies or organizations who will invest in these projects to assure the outcomes' worthiness. Despite its significance, there is a lack of human and financial resources and technical support, resulting in ineffective measurement. Research conducted by Yalçın and Güner (2016) on the women's empowerment NPOs in Turkey pointed out an urgent improvement needs since NPOS still face challenges in applying the tools developed in the wide-ocean literature of the social impact measurement. In addition to that, the expectations from non-profit organizations to prove their social impact are rising every day. This brings about a need to assure their sponsors about their good acts and results in order to continue receiving funds from both their present and future donors, even though NPOs' perception towards themselves is the exact opposite of competition among each other (Arvidson & Lyon, 2014). However, the need for social impact arises not only from the funders' satisfaction, but it also emerges for their self-evaluation as Arvidson and Lyon agreed (2014). What is more, NPOs' recognition of how their social value and benefits are in the eyes of their stakeholders like the society and other beneficiaries is indispensable (Polonsky, Grau & McDonald, 2016).\u0000\u0000\u0000Keywords: Social Impact Measurement, Women Empowerment Ngos, Social Entrepreneurship","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114079831","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"How to Boost Purchase Intention of Local Wisdom Products When The Application of Product Innovation is Lacking?","authors":"Tinik Sugiati, A. Yulianto, Abdul Hadi, Anna Nurfaidah","doi":"10.35609/gcbssproceeding.2022.2(29)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(29)","url":null,"abstract":"Small, and Medium Enterprises (MSMEs) managed by communities with limited capabilities need to be assisted to continuously improve their performance. One of the products produced by MSMEs is handicrafts such as Tanggui. Tanggui is one off a product of local wisdom from Kalimantan Indonesia made from Nypa leaves. Nypa is growing in the environment of mangroves or tidal areas near the edge of the sea. Tanggui main use is as a hat or head protection. Local products will still exist if they can provide benefits for strengthening the community's economy, especially related MSMEs. The purpose of this study is to analyze the way to increase purchase intention when MSMEs is lacking application of product innovation The completing data, we observed products, interviewed craftsmen, marketers, and tanggui lovers. The data obtained were analyzed by using Structural Equation Modeling (SEM) to test the hypothesis. The original findings of this study show tanggui MSMEs are still difficult to implement, even though product innovation is very needed to create purchase intention during in pandemic covid 19.\u0000\u0000\u0000Keywords: Purchase Intention, Social Media Marketing, Product Innovation, Local Wisdom Product","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"97 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114624756","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Using the 6Ps of societal marketing to investigate the consumer awareness of green products in Polokwane, South Africa","authors":"Norman Kutama, A. Deliwe","doi":"10.35609/gcbssproceeding.2022.2(65)","DOIUrl":"https://doi.org/10.35609/gcbssproceeding.2022.2(65)","url":null,"abstract":"The purpose of this research paper is to use the 6Ps of societal marketing to investigate consumer awareness of green products in Polokwane, South Africa. A quantitative approach was followed in this study where the empirical investigation was carried out using a self-administered questionnaire. Primary data were collected from 410 respondents, to understand their awareness of green products. The 6Ps of societal marketing were used to construct a questionnaire that was distributed online, using different social media platforms. The findings indicate consumers' experiences with green products relative to the 6Ps of societal marketing. There is a concern that some consumers are unaware of green products and that green products are not easily accessible and are expensive. The study contributes to making practical recommendations to marketers on how they can improve the awareness of green products while considering the concept of societal marketing.\u0000\u0000\u0000Keywords: Consumer awareness, green products, societal marketing, 6Ps.","PeriodicalId":113523,"journal":{"name":"14th GCBSS Proceeding 2022","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128795393","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}