{"title":"Company Value Before and During COVID-19: Evidence from the Property and Real Estate Industry in Indonesia","authors":"W. M. Daryanto","doi":"10.12695/jmt.2022.21.1.3","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.1.3","url":null,"abstract":"Abstract. The objective of this research is to gauge the impact of financial performance and maturing long-term debt on firm's value during the COVID-19 pandemic. The study comprises the collection of data on nine big property-sector companies and analysis via quantitative methods, namely panel-data-regression models. Its results demonstrate that only commercial property revenue and COVID-19 had a substantial negative impact on firms’ value. Meanwhile, F-Test findings indicate that the independent variable had an influence on the firms’ value, at a p-value of (0.0037). This means that commercial property income may be used to describe the worth of major firms in the property sector, which investors should consider when selecting investments. Furthermore, property- and real- estate-sector companies should provide policies and regulations to safeguard commercial income toward maintaining their assets and surviving in the COVID-19 era. This study fills a research gap by exploring effects on the property and real estate industry during the COVID-19 crisis, as a benchmark for comparison. Keywords: COVID-19, firm value, financial performance, maturing long-term debt","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66662974","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 Role Of Work From Home In Improving Work–Life Balance","authors":"Eka Warmi Yanti, N. A. Wulansari","doi":"10.12695/jmt.2022.21.1.7","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.1.7","url":null,"abstract":"Abstract. The purpose of the study was to examine the impact of work from home on work–life balance through work engagement. The population of the study included staff from Badan Pendapatan Pengelolaan Keuangan dan Aset Daerah (BPKAD) of the Jalur Pantura (Blora, Rembang, and Pati). The number of samples was calculated based on the method of maximum likelihood estimation (MLE) proposed by Hair et al., and a total sample of 120 respondents was obtained using the proportional random sampling method. The data were collected through questionnaires. The data analysis method used partial least squares structural equation modeling (PLS-SEM) with the SmartPLS 3.0 test tool. Results show that home-based work has a negative and marginal impact on work–life balance and a positive and significant impact on work engagement. Further, work engagement has a positive and significant impact on work–life balance. Indirect results indicate that work engagement may mediate the effects of work from home on work–life balance. Keywords: Work from Home, Work Engagement, Work–Life Balance, Public Sector, State Civil Apparatus","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"34 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663350","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":"Measuring The Gig Economy in Indonesia: Typology, Characteristics, and Distribution","authors":"M. Y. Permana, N. Izzati, Media Wahyudi Askar","doi":"10.12695/jmt.2022.21.3.7","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.3.7","url":null,"abstract":"Abstract. Work in the gig economy is defined as short-term and task-based jobs mediated by digital platforms. In Indonesia, the emergence of an online motorcycle taxi driver platform in 2015 marked the discourse about the gig economy as the future alternative of jobs on the one hand, and as a new form of exploitation of labor on the other hand. This study is the first to define the typology of the gig economy and identify the platforms of the gig economy service providers in Indonesia. Furthermore, this study estimates the number of gig economy workers by using micro data from the National Labor Force Survey (Sakernas) released by the Central Statistics Agency. It was found that 0.3 to 1.7% of Indonesian workers participated in the gig economy as their primary job. This study also compares the characteristics of gig workers in the transportation sector and in the other service sectors with the overall demographics of the workforce. It was found that gig workers shared more characteristics with the formal workers than with the informal workers. Finally, this study maps the distribution of gig workers throughout Indonesia at the city/district level. It can be concluded that the gig economy is an urban phenomenon. Most gig workers in the transportation sector are concentrated in the provincial capital and in Metropolitan Jakarta. Meanwhile, gig workers in other service sectors are distributed more in tier 2 cities in Java. Keywords: Gig economy, gig worker, digital worker, labor economics, jobs","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66664231","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}
P. F. Belgiawan, Nadine Maura Ikhsani, S. Arsallia
{"title":"Consumers Choice Decision Towards Electric and Conventional Motorcycles","authors":"P. F. Belgiawan, Nadine Maura Ikhsani, S. Arsallia","doi":"10.12695/jmt.2022.21.1.1","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.1.1","url":null,"abstract":"Abstract. Air pollution is one of the most pressing emerging issues in Indonesia. To reduce emissions, people need to shift from conventional to electric motorcycles (EM). However, the number of conventional motorcycles (CM) in Indonesia is still far above electric, and there is no certainty whether the market will adopt it. Therefore, this research aims to identify significant factors that influence consumers’ decision in choosing electric or conventional motorcycles and to identify preferred motorcycle type, as well as to calculate the elasticity of each factor. Choice modeling analysis is used to estimate the probability of choosing motorcycles and the attributes that influence the decision. Data is collected through an online survey sent to 470 respondents. This research used three methods in processing the data: factor analysis, multinomial logistic regression, and demand elasticities analysis. Based on the result of this research, it is found that the significant factors are purchase price, charging times, driving range, and attitude towards each motorcycle type. Additionally, it is found that most of the respondents prefer electric motorcycles to conventional ones. The results suggested that motorcycles manufacturers should consider selling EM with lower prices, develop fast charging technology, and improve driving range, while the government should provide incentives for EM users. Therefore, this research supports findings to decrease air pollution in Indonesia by increasing the use of EM. Keywords: Electric vehicles, motorcycles, choice modeling, significant factors, stated preference","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"23 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663176","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":"Entrepreneurial Orientation and Marketing Performance: The Mediating Role of Energizing Professional Networks","authors":"Sisno Riyoko, Widodo Widodo","doi":"10.12695/jmt.2022.21.2.5","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.2.5","url":null,"abstract":"Abstract. This article addresses the study controversy (research gap) of entrepreneurial orientation regarding marketing performance. The case study at hand, fashion SMEs, must present a distinct advantage due to intense competition. This advantage does not lie in how to create new products, but in how to build professional networks. Hence, the present article aims to develop a model for strengthening professional networks based on an entrepreneurial orientation to improve marketing performance. The population in this study comprises the leaders of fashion SMEs in Central Java, Indonesia. The sampling method employs a purposive 250 technique. The analysis technique uses SEM AMOS software. The results of the study show that proactiveness, risk-taking, and innovation have a significant and positive effect on professional network energy and marketing performance. In addition, the energy of professional networks mediates a strong relationship between proactiveness, risk-taking, and innovation in terms of marketing performance. Keywords: Proactiveness, risk-taking, innovativeness, energizing professional networks, marketing performance","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663804","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":"A Hydroponic Vegetable Business Development Strategy: A Case Study of CV Casa Farm","authors":"Ayutyas Sayekti, Deta Alifia Almi Putri","doi":"10.12695/jmt.2022.21.3.1","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.3.1","url":null,"abstract":"Abstract. The Business Development Strategy for CV Casa Farm emerged from an analysis of the external and internal environments mapped using a SWOT matrix with a focus on weaknesses and opportunities. Several production problems, such as yellowing of vegetables, rotting roots, and the spread of disease that caused production failures and planting media waste, could be reduced to minimize costs and increase productivity to meet the demand for vegetables in the city of Bandung. Problems were also identified with management and governance, such as overlaps in the allocation of tasks causing unfavorable work performance and decreased productivity. Applying IoT technology could increase vegetable weight by 37.7% and reduce production failures from 12.85% to 7.14%. Based on non-financial factors, including the market, production, organization and management, human resources, and collaboration, the implementation of IoT technology was judged to be feasible. Based on a financial and partial analysis, the investment feasibility obtained NPV> 0 of Rp1,247,103,045.33, with a Net B/C value of 2.63, Gross B/C of 1.62, IRR acquisition of 31%, a payback period of four years and three months, and an increased profit of Rp27,849,345.00, the business development strategy was judged to be feasible using IoT Simon Kori technology because it met the investment criteria and brought additional benefits. In the sensitivity analysis, a 20% decrease in the product selling price was shown to have an impact on the feasibility of implementing IoT. An incremental net benefit analysis indicates that the net benefit from applying IoT technology would be Rp2,402.477,276.13. Keywords: CV Casa Farm, hydroponic vegetable, IoT technology, productivity improvement, SWOT","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663812","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":"Customer Relationship Proneness: Is It Important for Customer Loyalty?","authors":"Mauritz Edo Soumutul","doi":"10.12695/jmt.2022.21.2.2","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.2.2","url":null,"abstract":"Abstract. As customer satisfaction and loyalty are crucial elements in increasing company profits, companies must strive to establish good relationships with customers, including in mobile services. Opinions in previous research differ regarding the effect of customer extroversion on satisfaction toward impacting customer loyalty. The present study provides related input and potential solutions. It employs relationship marketing theory with the mediating variable of customer relationship proneness (CRP) added in, testing previous research and ultimately not finding a significant relationship between customer personality (extroversion) and customer satisfaction. Data was obtained via the survey method and structural equation modeling (SEM). The questionnaire serving as the main instrument of data collection is measured by a Likert scale, having been administered to 140 customers of mobile service providers. The findings have practical implications for identifying the effects of personality on customer satisfaction and obtaining customer loyalty in mobile services. This information can better enable mobile service providers to target and retain customers. Keywords: Conscientiousness, extroversion, customer relationship proneness, customer satisfaction, customer loyalty","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663931","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 Effect of Transformational Leadership on Business Performance Through Business Agility Expedition Services","authors":"E. Permana","doi":"10.12695/jmt.2022.21.2.6","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.2.6","url":null,"abstract":"Abstract. The Covid-19 pandemic has put pressure on various business sectors because social distancing policies have resulted in significantly reduced interactions between humans. So expedition services are the choice to meet most human needs. So that the shipping service business is a business that is experiencing rapid development during the pandemic. This study aims to analyze: 1) the influence of transformational leadership on the business performance of courier service, 2) the influence of transformational leadership on the business agility of courier service, 3) the influence of business agility on the business performance of courier service. The analysis technique used Structural Equation Model (SEM) with SmartPLS. The data was collected through the dissemination of questionnaires. Research respondents are shipping service companies with the criteria for joining the Association of Indonesian Express, POS and Logistics Delivery Service Companies (ASPERINDO). The results of the analysis showed that transformational leadership affects performance; transformational leadership affects business agility, and agility affects the company's performance. The results of the statistic test showed that all constituent dimensions of the model are at a high level. It means that the results of this study confirmed that the Covid-19 pandemic becomes a blessing for the courier service business. People's habits of shopping online during the pandemic are believed to not be significantly reduced even though the pandemic is over. This research recommends courier service companies maintain market agility and operational agility by improving digital capacity. In the future, research that involves the digital capability of the courier service business is needed during the pandemic. Keywords: Transformational leadership, agility, performance, courier service, COVID-19","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66664010","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}
Ferdinand Surjadi, Jonathan Gunawan, Sherine Amanda Feryanto, Willy Gunadi
{"title":"Factors Influencing Willingness to Invest in Peer-to-Peer Lending","authors":"Ferdinand Surjadi, Jonathan Gunawan, Sherine Amanda Feryanto, Willy Gunadi","doi":"10.12695/jmt.2022.21.1.4","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.1.4","url":null,"abstract":"Abstract. The present study examines factors which influence willingness to invest in peer-to-peer lending. While many other studies have discussed peer-to-peer lending, few have focused on the lender's perspective or on the expected return variable. This quantitative study uses the non-probability sampling method with 157 online questionnaire respondents from Jakarta and Tangerang, along with the PLS method of analysis. The results obtained from SmartPLS show that company reputation and expected return had a positive influence on trust and that trust, in turn, had a positive influence on willingness to invest. Conversely, perceived risk was shown to have no influence on trust. From this research, it can be concluded that if a peer-to-peer lending platform desires to be more successful, it should consider focusing on improving the company's reputation and on setting a higher rate of return, rather than on the risk perceived by lenders. Keywords: peer-to-peer lending platforms, lenders, perceived risk, trust, willingness to invest","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663238","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}
Ismed Hanafi, H. Tjahjono, Meika Kurnia Puji Rahayu DA
{"title":"Transformational Leadership and Affective Commitment in the Public Sector: The Role of Public Service Motivation as a Mediator","authors":"Ismed Hanafi, H. Tjahjono, Meika Kurnia Puji Rahayu DA","doi":"10.12695/jmt.2022.21.2.1","DOIUrl":"https://doi.org/10.12695/jmt.2022.21.2.1","url":null,"abstract":"Abstract. Public service motivation (PSM) has become a popular topic discussed in various studies concerning the public sector. However, there is still limited literature discussing PSM, transformational leadership, and affective commitment simultaneously. Therefore, this study aims to examine the role of transformational leadership on affective commitment in the public sector by considering PSM as a mediating variable in the Indonesian context. This study applies a quantitative approach based on data collected from 172 Customs and Excise employee respondents. Primary data was obtained through a purposive sampling method and analyzed using a structural equation model (SEM). The results indicate a positive and significant influence of transformational leadership on PSM, PSM on affective commitment, and transformational leadership on affective commitment. However, the findings show that PSM does not mediate the effect of transformational leadership on affective commitment. The study also addresses some theoretical contributions and managerial implications concerning these topics. Keywords: Transformational leadership, affective commitment, public sector, public service motivation, mediating variable","PeriodicalId":31247,"journal":{"name":"Jurnal Manajemen Teknologi","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"66663512","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}