Purpose
This study aims to examine open innovation that consists a wide range of external knowledge search activities, such external search breadth and depth, external R&D, cooperation and ...acquisition activities, as a response to different innovation barriers faced by Indonesian firms.
Design/methodology/approach
Data are derived from Indonesia innovation survey. Exploratory factor analysis is used to identify and combine innovation barriers variables. Ordered logistic estimation is used to measure the impact of innovation barriers on firm openness decision. Logistic regression is used to measure the impact of innovation barriers on firm openness indicators such as external R&D, cooperation and acquisition as the variables are binary. Finally, Tobit regression is used to measure the impact of firm openness decision on innovation performance.
Findings
The main findings indicate that different barriers to innovation lead to different firms’ openness decisions, and different decisions on openness have differentiated influence on innovation performance.
Originality/value
This study contributes to the innovation barrier literature by empirically testing whether experiencing barriers to innovation is associated with a broader external knowledge search activity. Previous studies tend to link innovation barriers with a narrow activity as indicated by external knowledge searching widely and deeply.
This study examines whether conventional bank lending rates influence Islamic bank financing rates in Indonesia and Malaysia that apply the dual-banking system. We employ the ARDL, the non-linear ...ARDL (NARDL) model, and the Pooled Mean Group (PMG). Evidence of the long-run link between Islamic financing rate and conventional lending rate is found. However, instead of symmetry, the link between them is asymmetry. The asymmetric pricing of the Islamic financing rate and some specific contracts such as Mudharaba and Murabaha rates in Indonesia strongly follow the decrease in conventional lending rate, but it is sticky against the increase in conventional lending rate. The asymmetric pricing of the Islamic financing rate in Malaysia is obviously pegged to the conventional lending rate. The PMG results strengthen the asymmetric findings where the effect of a reduction in the conventional lending rate is larger than the effect of an increase in the conventional lending rate on the Islamic financing rate. These findings imply that Islamic bank borrowers are profit-driven borrowers in a dual-banking system. Accordingly, the Islamic financing rate is pushed to follow the conventional lending rate due to the uncompetitive Islamic financing rate.
Purpose
The purpose of this study is to explore and decompose a satisfaction model using alumni’s perspective for Islamic-based higher education institutions (IHEI) with the antecedent of perceived ...quality and value and the consequence of loyalty.
Design/methodology/approach
A study was used, using 44-item, a ten-point Likert-scale questionnaire administered to 360 alumni from various classes started from the 1970s till 2000s. Theoretical-based, national qualification framework of Indonesian higher education and management-based considerations were involved in developing a survey. Data were analyzed using partial least square-structural equation model and decomposed into strategic management map using importance-performance matrix analysis.
Findings
The most important determinants of alumni satisfaction and loyalty in IHEI is the IHEI’s ability to develop career capability through enriching knowledge. Moreover, the presence of good environment and Islamic value embodiment supporting learning programs on campus is the most significant trigger for the knowledge development.
Research limitations/implications
The results were generated from a specific department. Additional studies are needed to test if the results are not department (institution)-specific.
Practical implications
This study provides strategic directions for management to improve the critical aspects of the system by providing the inputs to the extent to which the service quality delivered may contribute to end-customers’ satisfaction.
Originality/value
It contributes to the literature on satisfaction and service quality issues by incorporating ideological aspect, by investigating the feasible model of customer satisfaction in the perspective of alumni for IHEI.
That financial literacy and psychological characteristics are important determinants of financial decisions have long been recognized in the literature. By focusing on Micro Small Medium Enterprises ...(MSMEs), this study investigates the extent to which financial behaviour and financial well-being consisting of both financial security and financial anxiety can be explained by financial literacy and cognitive factors such as self-control, optimism, and deliberative thinking. Several demographic factors such as gender, age, educational background, and the length of engaging in MSMEs, as well as the characteristics of MSMEs such as industry and monthly sales turnover are functioned as control variables. Data were collected using a questionnaire that was purposively distributed to MSMEs’ actors and analysed using Partial Least Square-Structural Equation Modeling (PLS-SEM). In total, 155 samples were analyzed. The analysis shows that financial behaviour can be explained by deliberative thinking, financial security can be explained by financial literacy and optimism, while financial anxiety can be explained by self-control. Financial behaviour was also found to have a positive direct effect on financial security and financial anxiety. Thus, to improve the financial well-being of MSMEs’ actors, it may be necessary to improve their personal financial management skills that can lead to the positivity of financial behaviour.
The research aimed to analyze the underperformance phenomenon following Seasoned Equity Offering (SEO)in Indonesian context. Samples were all firms listed on the Indonesia Stock Exchange with the ...right issue in the observed periods, were chosen by purposive sampling with several criteria. In total, there were 109 issuing firms from 2009-2014 that were analyzed using performance benchmarking approaches. The approaches consisted of market-based, size-based, growth-based, and industry-based benchmarks. The market-based was constructed using a market return. Then, the size and the growth benchmarks were constructed on the basis of closest market capitalization and closest price-to-book value respectively. Then, the industry benchmark was based on a closest combined of market capitalization and Price to Book Value (PBV) of matched firms within the first-second digit of Standard Industry Classification (SIC). The test was conducted using standard t and Wilcoxon tests by examining the benchmark-based abnormal returns over various spans ranging from 3 to 36 months following the right offerings. Like several findings in developed countries, the results also confirm the underperformance phenomenon following right offerings in Indonesia. The negative abnormal returns are found for all benchmark performances, but they are only significant for the market benchmark and partially significant for the size and the growth benchmarks. Behavioral explanations need to be modeled to reveal the intuitions behind the results.
This study aims to examine the spillover effect of right offerings to the industry on the Indonesian Stock Exchange in the period 2009-2016. This study is designed using event study methodology. In ...total, there are 96 issuing companies (issuers) and 1205 non-issuing companies (non-issuers) used as the sample which was obtained using a purposive sampling technique. The test for information content on the right issues was conducted using standard t-test on the average cumulative abnormal return of issuers and non-issuers in the period t-10 to t+10 around the issuance. The research found positive abnormal returns for issuers in t0 to t+4 but did not confirm the spillover effect to non-issuers over the observed (window) periods. The average cumulative abnormal returns are randomly distributed during the window period. These results confirm the absence of intraindustry effect of right issues on the non-issuers’ performance
Purpose — This study empirically assesses the extent to which the conventional deposit rate (CDR) affects the Islamic deposit rate (IDR) in Indonesia and Malaysia within the dual banking system. ...Design/Methodology/Approach — This study uses non-linear autoregressive distributed lag (NARDL) and panel cointegration. Monthly data are employed, but the time period for the two countries examined is different because of data availability. The study thus covers the period 2009:M1 to 2020:M12 for Indonesia and 2000:M1 to 2020:M12 for Malaysia. Findings — The findings confirm evidence of the long-run link between IDR and CDR, where the IDRs in Indonesia and Malaysia asymmetrically respond to changes in CDRs. In addition, Indonesia’s IDRs adjust faster in response to the decline in CDRs compared to increases in CDRs. However, Malaysia’s IDRs adapt faster in response to increases in CDRs than their decreases. The panel cointegration results reinforce the asymmetric findings. Originality/Value — To the best of our knowledge, this paper is the first study to examine the extent to which IDRs asymmetrically respond to CDRs in a dual baking system in Indonesia and Malaysia. Practical Implications — Islamic banks (IBs) follow CDRs in determining IDRs due to uncompetitive IDRs, implying that IBs suffer from displaced commercial risk. Therefore, IBs may adopt a policy to address liquidity issues through investment risk reserves (IRR) and profit equalization reserves (PER) to reduce the distinctive gap between IDRs and CDRs.
Full text
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CEKLJ, FFLJ, NUK, ODKLJ, UL, UM, UPUK
Salah satu gejala umum skizofrenia adalah ketidakmampuan Orang dengan Skizofrenia (ODS) untuk bersosialisasi dan berinteraksi dengan lingkungan sekitar secara baik. Ketidakmampuan ini menyebabkan ...kognisi sosial ODS rendah dan berpotensi meningkatkan kadar kekambuhan pada ODS jika tidak ditangani secara baik. Oleh karena itu, berbagai intervensi sosial yang salah satunya melalui terapi okupasi perlu dilakukan guna membantu ODS menguatkan kognisi sosialnya. Pengabdian masyarakat ini dirancang dalam rangka memberikan terapi okupasi bagi ODS di Desa Sindumartani, Kecamatan Ngemplak, Yogyakarta. Terapi okupasi diberikan dalam bentuk pelatihan kewirausahaan dan pendampingan pembuatan aneka olahan bakso dan gorengan. Pasca pelatihan dan pendampingan, ODS dipilih untuk diberikan bantuan peralatan dan modal kerja untuk dimanfaatkan sebagai modal berusaha. Luaran akhir yang ingin dicapai dari pengabdian ini adalah meningkatnya pengetahuan dan keterampilan ODS dalam mengolah dan memasarkan olahan bakso dan gorengan, yang pada gilirannya diharapkan akan berdampak pada penguatan kognisi sosial mereka. Hasil evaluasi terhadap pelaksanaan kegiatan menunjukkan adanya peningkatan pengetahuan dan keterampilan ODS dalam membuat dan menghasilkan olahan bakso dan gorengan yang layak jual. Terapi okupansi dalam bentuk aktivitas lain perlu diinisiasi agar kognisi sosial ODS bisa ditingkatkan secara berkesinambungan.
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