Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT http://jrmb.ejournal-feuniat.net/index.php/JRMB <p><strong>JRMB: Jurnal Riset Manajemen dan Bisnis. </strong>The academic Journal that published by Economic Faculty of Attahiriyah Islamic University. The journal will focus on providing quality research in the areas of Business Management. The goal of the journal is to cover topics that are paramount in HR management, marketing and finance. Accordingly, papers that focus on emerging and interdisciplinary topics are encouraged. The Journal is published three time a year on February, June, and October. The aim of the journal is to disseminate the business management researches done by researchers.</p> <p>&nbsp;</p> Economic Faculty, Attahiriyah Islamic University en-US Jurnal Riset Manajemen dan Bisnis (JRMB) Fakultas Ekonomi UNIAT 2527-7502 RELASI ANTARA KEBIJAKAN PEMERINTAH BIDANG EKONOMI DENGAN KINERJA PENDIDIKAN DI KABUPATEN SINJAI http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/338 <p><em>This study aims to find the relationship between government policies in education and education performance in Sinjai District. The research method used is quantitative research. The main data source comes from the publication of the Central Statistics Bureau (BPS) of Sinjai Regency and other publications related to writing. Analysis of the data used is quantitative descriptive. The results of the analysis show that government policies are very influential or have a positive relationship to improving educational performance. This study also shows that the performance of education in Sinjai District as seen from the Human Development Index (HDI) component in the last five years (2014-2018) has increased, although it is still slow. The still increase in HDI in Sinjai Regency requires the Regional Government to formulate various strategies, create programs and formulate policies that are truly able to accelerate the improvement of educational performance in the Sinjai Regency</em></p> <p>Keywords: <em>Government Policy, Economy, Education Performance, HDI.</em></p> Ilyas Ilyas Akmad Firman La Ode Anto La Ode Anto Inayati Nuraini Dwiputri Isalman Isalman ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-30 2019-12-30 5 1 675 682 HUBUNGAN DISIPLIN DENGAN KINERJA PEGAWAI http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/325 <p><em>The aim of the study is to determine the effect of work discipline on the performance of employees.</em><em>The type of research used is explanatory research with a quantitative approach. The sample in this study was 40 respondents using convenience sampling techniques. Respondents in the sample were civil servants in the Sub Directorate of Civil Service Archives II.B at the Jakarta State Civil Service Agency. The findings in this study indicate that there is an influence of work discipline on performance. This is indicated by the results of the calculation of the correlation coefficient of r = 0.823. The results of this study are strengthened by the results of the calculation of the coefficient of determination which proves that the variable work discipline has a significant effect of 67.8%, while the remaining 32.2% is influenced by other factors </em><em>that do not count in this study</em><em>. </em></p> Chusminah Chusminah ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-26 2019-12-26 5 1 565 674 MODEL HUBUNGAN KEPUASAN KERJA, KOMITMEN ORGANISASIONAL DAN STRES KERJA TERHADAP TURNOVER INTENTION http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/333 <p><em>The objective of this study is to analyze the factors that can influence turnover intention. This research was conducted at the drug registration staff of pharmaceutical companies with seventy respondents who were carrying out their duties at BPOM. Three independent variables in this research namely job satisfaction, organizational commitment, and job stress were&nbsp; examined to determine their relationship with the dependent variable namely turnover intention. Regression analysis of the primary data obtained shows that job stress has a significant effect on the turnover intention of staff registering drugs to other pharmaceutical companies. Two other variables, namely job satisfaction and organizational commitment have no effect on turnover intention of staff registration drugs from pharmaceutical companies.</em></p> <p>Keywords: <em>job stress, organizational commitment, job satisfaction, turnover intention</em></p> Bunga Destiyana Prih Sarnianto Deriawan Deriawan ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-19 2019-12-19 5 1 557 564 PERAN INOVASI SEBAGAI MEDIASI HUBUNGAN ANTARA MODAL INTELEKTUAL DENGAN KEUNGGULAN BERSAING UKM http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/332 <p><em>The purpose of this paper is to examine the impact of </em><em>all variable intellectual capital (human capital, structural capital, and relational capital) </em><em>on </em><em>the competitive advantage through the mediating </em><em>innovation</em><em>small and medium enterprises (SMEs) in the Jombang area. Primary data was obtained from the 100 SME’s leader in Jombang. Hypothesis testing is done by using Partial Least Square Structural Equation Modeling (SEM-PLS). The results of the study show that </em><em>all variable intellectual capital (human capital, struktural capital, dan relational capital) </em><em>have a positive and significant effect on improving SMEs’ competitive advantage.significant effect on improving SMEs’ competitive advantage. The results of this study also prove that innovation can mediate the relationship between </em><em>all variable intellectual capital (human capital, structural capital, and relational capital) and </em><em>SMEs’ competitive advantage.</em></p> <p>Keywords: Intellectual capital, innovation, competitive advantage&nbsp;</p> Edi Sugiono Suryono Efendi Rebin Sumardi ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-15 2019-12-15 5 1 543 556 EFEKTIFITAS PENERAPAN PROGRAM CORPORATE SOCIAL RESPONSIBILITY DALAM UPAYA MEMBANGUN BRAND IMAGE PADA PT. TELKOMSEL KOTA BENGKULU http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/331 <p><em>This study aim to</em><em> determine the implementation of CSR programs and measure the effectiveness of implementing CSR in building the brand image of PT. Telkomsel Bengkulu branch. Data collection methods used are the method of observation, interviews, and documentation. The results showed the implementation of the CSR program can improve communication and good relations between the company, the community, and its stakeholders. Besides, the implementation of CSR is considered useful in building the brand image. Th</em><em>ese implementations</em> <em>can be seen from the lack of conflicts that occur between companies, communities and increasing sales volumes. CSR implemented by PT. Telkomsel Bengkulu also consistently helps the company's sustainable growth. The results of this study can provide information for companies to implement CSR programs because it can sustainably help the company's sustainability.</em></p> <p>Keywords: <em>CSR; Brand Image</em></p> Febzi Fiona Sugeng Susetyo Nasution Nasution Slamet Widodo Anggri Puspita ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-14 2019-12-14 5 1 533 542 PENGARUH BELANJA MODAL DAN PERTUMBUHAN EKONOMI TERHADAP INDEKS PEMBANGUNAN MANUSIA http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/330 <p><em>The main purpose of the research is to examine the influence of capital expenditure and economic growth on the human development index (HDI) in Kotawaringin Timur Regency from the period of 2009-2017. The research approach is quantitative descriptive by using secondary data collected from the Central Bureau of Statistics (BPS) Kotawaringin Timur Regency. The method used in this study is multiple linear regression using the IBM SPSS version 25.0 application. The results show that partially, capital expenditure took effect positively and significantly, toward HDI, economic growth took effect positively significantly toward HDI. Simultaneously, capital expenditure and economic growth took effect positively and significantly toward HDI. This finding implies the importance of government expenditure on public sectors can stimulate economic growth that provides access to the poor in productive sectors that can increase their well-being.</em></p> <p>Keywords: <em>Capital Expenditure, Economic Growth, and Human Development Index </em></p> Diah Komariah Mukhammad Yogiantoro Alexandra Hukom ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-14 2019-12-14 5 1 523 532 THE FINANCIAL PERFORMANCE AND MACROECONOMIC FACTORS IN FORMING STOCK RETURN http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/321 <p><em>This research focuses on fundamental and macroeconomic conditions in the formation of stock returns as an empirical test on signaling theory, capital structure theory, and prospect theory. The research sample is companies listed on the BEI property sector with a total of 17 companies that meet the criteria of purposive sampling. The analysis technique uses panel data regression with random effects. The results showed simultaneously that financial performance and macroeconomic factors affect stock returns. The partial test shows that profitability and capital structure do not affect stock returns, while PBV and macroeconomic factors have a positive effect on stock returns. In addition, GDP is the dominant factor affecting stock returns. The implications of this study refer to investors in determining investment strategies, for management in managing companies and for regulators in making economic policy decisions.</em></p> <p>Keywords: Stock <em>Return, Financial Performance, Macroeconomic, Property Sector</em></p> <p>&nbsp;</p> Eka Bertuah Indra Sakti ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-14 2019-12-14 5 1 511 522 HOW ASEAN ECONOMIC COMMUNITY (AEC) PROGRESS FROM EQUITY MARKET CORRELATION http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/326 <p>This research aims to analyze the dynamic correlation by using stock prices daily data of 6 ASEAN equity markets during the period of 2007 until 2017 and then try to analysis the interdependence between markets. Empirical research using a Dynamic Conditional Correlation shows that there is a strong correlation in the countries of Indonesia, Malaysia, and Singapore; While correlation is still weak for Viet Nam. The study results also show from AR (1) and GARCH (1,1)&nbsp; model that the country of Indonesia, Malaysia, the Philippines, and Viet Nam have return period t equations is influenced significantly by return lag period before. It can be seen that all the countries of ASEAN 6 have variance period t equations is influenced significantly by the variance to previous period lag and lag error previous period lag. This is consistent with the time-varying volatility which indicates the persistence of very high volatility of stock return. The study result also shows that the interdependence between ASEAN 6 stock market seems still in high volatility, and the progress of correlation between the stock market did not have any significant leap as expected from the ASEAN Economic Community.</p> Ossi Ferli ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-12-11 2019-12-11 5 1 1 12 MODEL PREDIKSI FINANCIAL DISTRESS PERUSAHAAN PERDAGANGAN ECERAN: PENDEKATAN ALTMAN Z-SCORE http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/322 <p><em>This study aims to prove the financial distress prediction model through the Z-Score (Altman) approach to financial performance. The number of samples is 21 retail trading companies listed on the Stock Exchange for five years with a purposive sampling technique. Research findings prove </em><em>that financial performance can predict Financial Distress in the retail trade sector through Working Capital to Total Assets, Debt to Asset Ratio, and Return on Asset variables. The results of research for investors become one of the basic considerations for determining future stock investment decisions. In addition, the results of the study can provide an evaluation of the company's performance in maintaining the stability of business continuity in order to avoid financial distress.</em></p> <p><em>Keywords: Altman Z-Score, Financial Performance</em></p> <p>&nbsp;</p> Rachma Zannati Evita Rosdiana Dewi ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-10-31 2019-10-31 5 1 469 480 UPAYA MARKETING PUBLIC RELATIONS PERUSAHAAN-PERUSAHAAN E-COMMERCE TERBAIK DI INDONESIA DALAM MEMPERTAHANKAN BRAND REPUTATION DI MATA KONSUMEN http://jrmb.ejournal-feuniat.net/index.php/JRMB/article/view/320 <p>This study used a qualitative approach with descriptive research which described reputation’s elements based on the concept from Urde and Greyser. The primary data collecting method was a semi-structured interview through a Focus Group Discussion with consumers, enriched with digital observation. The study results show that the efforts of Tokopedia.com’s MPR in maintaining brand reputation towards consumers’ view are the best compared to Lazada.co.id and Blibli.com as this company has the highest scores on almost reputation elements. The efforts of Lazada.co.id’s MPR as the first rank of best e-commerce companies in Indonesia is the weakest. It is recommended to increase the clarity in communicating all brands’ values through various organized MPR’s activities and to provide customer service for better interaction with consumers.</p> <p><strong><em>Keywords:</em></strong><em> marketing public relations</em><em>, e-commerce, brand reputation, the consumer</em>.</p> Siti Dewi Sri Ratna Sari Astrid Haryanti ##submission.copyrightStatement## http://creativecommons.org/licenses/by-nc-sa/4.0 2019-10-30 2019-10-30 5 1 457 468