scholarly journals PENGUNGKAPAN INOVASI DISRUPTIF INDUSTRI PERBANKAN INDONESIA

2021 ◽  
Vol 5 (3) ◽  
Author(s):  
Djoko Suhardjanto ◽  
Agung Nur Probohudono ◽  
Indrian Supheni
Keyword(s):  
Human Capital ◽  
Value Creation ◽  
Capital Market ◽  
Financial Services ◽  
Voluntary Disclosure ◽  
Disruptive Innovation ◽  
Financial Capital ◽  
Organizational Capital ◽  
Difference Test ◽  
Positive Effect

Voluntary disclosure is corporate communication to the broader public than disclosures required by capital market regulations. The disclosure of information is beneficial as a consideration in making decisions. The Disruptive innovation disclosure is a voluntary disclosure that provides information about the state of extraordinary innovation in the company. Disruptive innovation is used to describe revolutionary innovations and not evolutionary innovations (Thomond and Lettice, 2002). Outstanding innovation to expand, develop new markets and provide new functions, affecting existing market relationships. This research is critical to know the company's adaptive capacity, going concern, sustainability, and value creation. This study examines whether financial capital, human capital, and organizational capital affect the disruptive innovation disclosure. This quantitative study uses data from banking financial services companies listed on the IDX from 2015 to 2019. There are 205 data observations observed—processing and data analysis using OLS regression. Additional analysis performed was the ANOVA difference test. The results showed that the level of disruptive innovation disclosure was 30.96%. The disclosure story is low and means that adaptive and innovative power is critical in the highly competitive banking industry. Financial capital, human capital and organizational capital have a significant positive effect on the disruptive innovation disclosure.

Human Capital and the Financial Capital Market

1980 ◽  
Vol 53 (2) ◽  
pp. 165 ◽  
Author(s):  
Joseph Liberman
Keyword(s):  
Human Capital ◽  
Capital Market ◽  
Financial Capital

scholarly journals PERAN INTELLECTUAL CAPITAL DAN INNOVATIVE BEHAVIOR UNTUK MENINGKATKAN OPPORTUNITY CAPTURE PADA INDUSTRI PERHOTELAN

2020 ◽  
Vol 15 (2) ◽  
pp. 405-422
Author(s):  
Wahyudi Henky Soeparto ◽  
Thomas Stefanus Kaihatu
Keyword(s):  
Social Capital ◽  
Human Capital ◽  
Intellectual Capital ◽  
Organizational Level ◽  
Innovative Behavior ◽  
Organizational Capital ◽  
Difficult Situation ◽  
The Face ◽  
The City ◽  
Positive Effect

The tourism business in the city of Surabaya, especially the hotel industry, has been hit badly by the Covid-19 pandemic where hotel occupancy rates fell to their lowest level. However, efforts must be made to keep the wheels of the organization running in the face of this difficult situation. Therefore, hotel business actors must make something innovative so that hotels can continue to operate and have a competitive edge. This study attempts to analyze the factors that can generate the ability to opportunity capture through the implementation of innovative behavior which in turn is also driven by various types of intellectual capital at each organizational level such as human capital, organizational capital and social capital. This research is a quantitative study and uses the Generalized Structured Component Analysis (GSCA) method to process research data that has been collected from 74 hotels in the city of Surabaya. Of the four hypotheses developed in this study, only three hypotheses can be accepted, namely human capital has a positive effect on innovative behavior, social capital has a positive effect on innovative behavior, and innovative behavior has a positive effect on opportunity capture. While the hypothesis which states that organizational capital has a positive effect on innovative behavior is not proven.

scholarly journals Voluntary Disclosure and Market Valuation of Sustainability Reports in Korea: The Case of Chaebols

2019 ◽  
Vol 11 (13) ◽  
pp. 3577
Author(s):  
Dongheun Lee ◽  
Sejoong Lee ◽  
Na-Eun Cho
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Capital Market ◽  
Voluntary Disclosure ◽  
Firm Value ◽  
Effective Means ◽  
Sustainability Reports ◽  
Csr Disclosure ◽  
Corporate Social ◽  
Positive Effect

This paper investigates whether chaebol firms tend to issue corporate social responsibility (CSR) reports more than non-chaebol firms. Based on previous studies documenting chaebols’ tunneling activities at the expense of other shareholders, we anticipate that chaebol firms are more likely to voluntarily disclose their CSR reports even if investors may discount their values because CSR disclosure is an effective means of window dressing. The empirical results support our expectations. We find that chaebol firms are more likely to disclose CSR reports and a chaebol firm’s CSR report disclosure is less evaluated than a non-chaebol firm in the capital market. The result indicates that even if CSR report disclosure may have positive effect on firm value in general, investors may discount the value of chaebol firms’ CSR reports.

scholarly journals GOVERNMENT EFFORTS TO IMPLEMENT THE GREEN BUILDINGS MARKET IN DKI JAKARTA

2021 ◽  
Vol 1 (2) ◽  
pp. 88-96
Author(s):  
Hendi Prihanto
Keyword(s):  
Human Capital ◽  
Intellectual Capital ◽  
Green Buildings ◽  
Statistical Hypothesis ◽  
Significant Positive Effect ◽  
Organizational Capital ◽  
Statistical Hypothesis Testing ◽  
Customer Capital ◽  
Spss Software ◽  
Positive Effect

Green buildings are very important and become a necessity that is environmentally friendly, this research was conducted to analyze the government's efforts to implement the market with buildings through aspects that influence it such as intellectual capital (human capital, organizational capital, customer capital) and governance. Sampling was carried out randomly through the distribution of questionnaires carried out in a number of markets spread across the DKI Jakarta area as a population, so that the results of research observations obtained a number of 170 samples filled in by market managers from different regions. Multiple linear regression and statistical hypothesis testing t are analyzes used to test hypotheses with data analysis tools using SPSS software. The research concludes that the dimensions of intellectual capital, namely human capital and organizational capital, have a significant positive effect, while customer capital and governance do not have a significant effect on market implementation with green buildings. The limitation of the study is that the sample used at random has not been able to conclude the overall results, In addition, the questionnaire submitted has the potential to be inconsistent with existing facts because of the possibility of subjectivity that can occur.

scholarly journals KEMITRAAN BUMN DENGAN UKM SEKTOR INDUSTRI DI KABUPATEN SLEMAN: ANALISIS MODEL BALANCE SCORECARD

2016 ◽  
Vol 4 (1) ◽  
Author(s):  
Gendro Wiyono
Keyword(s):  
Human Capital ◽  
Shareholder Value ◽  
Business Development ◽  
Development Aid ◽  
Significant Positive Effect ◽  
Organizational Capital ◽  
Balance Scorecard ◽  
New Paradigm ◽  
Negative Effect ◽  
Positive Effect

The research was conducted to determine the effect on the performance of SOEs Partnership Program SMEs in Sleman, Yogyakarta Special Region, using the balance scorecard approach to performance evaluation. In assessing the implementation of the coaching process, researchers use a measure of the principles of the new paradigm of Osborne and Gaebler (Tamba, 2004), while to know the direction of marketing strategies using the concept of Kotler and Armstrong (1989). The results showed that the implementation is not in accordance with the spirit of partnership that mandated by the rules. Working Capital Loans are given relatively small, and Investment Assistance Loans are only given to 10 SMEs (27.78%). Fostering human resources in the form of education and apprenticeship is never done, while the training is only carried out on eight SME (22.22%). In addition, the Marketing and Promotion Development aid is only granted to 12 SMEs (33.33%). The value of loans granted though relatively small, but was still significant (0.675; t-stat = 2.069) on shareholder value, this is because the loans are disbursed only to micro-businesses that had little effect so the increase that occurred has no positive value for welfare of society at large. Coaching HR does not provide a significant positive effect, even a negative effect on organizational capital (-0.465; t-stat=6.658) and no effect also on human capital (0.000). Similarly, the Business Development also no significant effect on shareholder value (-0.435; t-stat= 1.145) but significant positive effect on human capital (0.877; t-stat=17.417). Furthermore, the findings based on the principles of the new paradigm suggests that the implementation of the coaching was done SOE Partners Equity Loans weakened the influence of shareholder value (0.241; t-stat=1.498), whereas the implementation of the Referral Marketing Strategy Business Development to strengthen the influence of shareholder value (0.781; t-stat=4.252). Finally it can be concluded that the Capital Loan significant positive effect on shareholder value but does not give effect to the wider community. Positive and significant influence of human capital to organizational capital and equity firms occurred not due to the results of state-owned development partners, but tend to be because SMEs itself in terms of relationship and managerial capabilities.

scholarly journals MODEL KAPABILITAS “CUSTOMER RELATIONSHIP MARKETING: PADA INDUSTRI TEPUNG TAPIOKA DI KABUPATEN PATI

2017 ◽  
Vol 18 (1) ◽  
pp. 56
Author(s):  
Khoerul Umam
Keyword(s):  
Human Capital ◽  
Relationship Marketing ◽  
Capital Market ◽  
Sampling Technique ◽  
Customer Relationship ◽  
Test Results ◽  
Market Information ◽  
Marketing Performance ◽  
Customer Relationship Marketing ◽  
Positive Effect

This study aims to identify and analyze the influence of market information and human capitalon the performance capabilities of CRM marketing company with variable inervening on tapiocastarch industry in Pati regency with a sample size of 66 people. The sampling technique used inthis research is purposive sampling. Analysis tools is the path analysis and the test results showthat the human capital market information and found to have a positive and significant impacton CRM capabilities. Market information shown to have positive and significant impact on theperformance of marketing, then the owner / entrepreneur will respond well to the changesthat occur in the company, so as to improve the performance of the company’s marketing.Human capital has a positive and significant impact on the performance marketing, means thatincreasing human capital, the company can exploit and develop the knowledge, competenciesand skills of its employees efficiently, so that will have an impact on increasing the company’smarketing performance. CRM capabilities have a significant positive effect on marketingperformance. CRM capabilities are not able to become an intervening variable between marketand human capital information with marketing performance. Thus the market information andhuman capital affects only the performance of the company’s marketing but not through CRMcapabilities.Keywords: Market Information, Human Capital, CRM Capabilities and Marketing Performance.

Gestión de los intangibles del capital humano. Política de retribuciones y sus efectos. El caso de los grupos de empresa cotizados españoles

Oikos ◽  
2015 ◽  
Vol 14 (30) ◽  
pp. 49
Author(s):  
Esteban Pérez Calderón ◽  
Patricia Milanés Montero ◽  
Herenia Gutiérrez Ponce
Keyword(s):  
Human Capital ◽  
Stock Market ◽  
Capital Market ◽  
Return On Investment ◽  
Employee Productivity ◽  
Human Capital Management ◽  
Remuneration Policy ◽  
The One ◽  
Capital Humano ◽  
Los Grupos

RESUMENEn los últimos años, las empresas han venido realizando grandes inversiones en generosos mecanismos de retribución y compensación a sus empleados con la esperanza de alcanzar un doble objetivo. Por un lado, que estas actuaciones sean reconocidas por el mercado de valores y, por otro, esperando un mayor retorno de la inversión realizada en su personal. En el presente trabajo comprobamos cómo están repercutiendo estas inversiones sobre la productividad de los empleados (resultados económicos) y si son premiadas por el mercado de capitales (resultados financieros). Nuestro estudio se centra en los grupos de empresa cotizados españoles.Palabras clave: gestión, intangibles, capital humano, política retributiva. Intangibles of human capital management. Remuneration policy and its effects. The case of the spanish groups listed companies.ABSTRACTIn recent years, companies have been investing heavily in generous remuneration and compensation models for its employees hope to achieve two objectives. On the one hand, that these actions are recognized by the stock market and, second, expecting a greater return on investment in their human capital. In this paper we focus on to see how these investments are having an impact on employee productivity (economic results) and if they are rewarded by the capital market (financial results). Our study focuses on Spanish groups listed companies.Keywords: management, intangibles, human capital, remuneration policy.

scholarly journals Connectivity and growth: Financial centres in investment banking networks

2021 ◽  
pp. 0308518X2110263
Author(s):  
Vladimír Pažitka ◽  
Michael Urban ◽  
Dariusz Wójcik
Keyword(s):  
Capital Market ◽  
Financial Services ◽  
Network Connectivity ◽  
Positive Association ◽  
Equity Capital ◽  
Regression Equations ◽  
Network Ties ◽  
Urban Network ◽  
Financial Centre ◽  
Endogenous Regressors

We investigate the effect of urban network connectivity on the growth of financial centres. While existing research recognises the importance of network connectivity to firms, clusters as well as city regions, large-sample empirical evidence is currently scarce, particularly in the context of financial services. We contribute to this debate by studying underwriting of equity and debt securities, which represent some of the core activities of financial centres. We operationalise our analysis using a proprietary dataset collated from Dealogic Equity Capital Market and Debt Capital Market databases covering over 1.7 million interactions of investment banks with issuers across 540 cities globally during the 1993–2016 period. We estimate our regression equations using the system generalised method of moments estimator, which allows us to obtain consistent coefficient estimates on potentially endogenous regressors, including network connectivity variables. We identify a clear pattern of a positive association between network centrality of financial centres and their growth. We distinguish between intracity and intercity network connectivity and find that financial centres with a larger number of intercity network ties and assortative intracity networks grow faster, while intracity network density does not appear to affect financial centre growth. Our results on intercity network ties are broadly consistent with established knowledge of cluster networks. In contrast, our findings on financial centres' intracity networks contradict previous research that suggests that dense and disassortative intracluster networks aid economic performance of clusters.

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