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Concept Progression of High School Students Related To The Concept of Parallel Electric Circuits as The Effect of Applying Conceptual Construction-Reconstruction Oriented Instruction (CCROI) Using The T-ZPD Strategy
H Basori(1*), A Suhandi(2), I Kaniawati(2) and D Rusdiana(2)

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Corresponding Author
Hutnal Basori

Institutions
1)Prodi S3 Pendidikan IPA, Universitas Pendidikan Indonesia, Jl. Dr. Setiabudi No. 229, Bandung 40154, Indonesia
2)Departemen Pendidikan Fisika, Universitas pendidikan Indonesia, Jl. Dr. Setiabudhi No. 229, Bandung 40154, Indonesia

Abstract
The aim of study was to obtain an overview of the effects of application of conceptual construction-reconstruction oriented instruction (CCROI) using the Tetrahedral-ZPD (T-ZPD) strategy on the concept progression of high school students related to the concept of parallel electric circuits. The categories of concept progression reviewed included: consistent with scientific conceptions, progressing well, not progressing and degradation. A pre-experiment method with one group pretest-posttest design was used in this research. The number of research subjects was 38 students consisting of 20 female and 18 male, in one of the high schools in the West Bandung district of West Java province. Data were collected by conception test in the four tier test format related to parallel electric circuits. The results showed that before the application of CCROI, the state of conception of the students are: scinetific conception (0%), misconception (68%), and no conception (32%), whereas after the application of CCROI, the students conception are: scientific conception (82%), misconception (13%), and no conception (5%). Based on the state of students- conception it can be determined the number of students in each category of concept progression as follows: consistent with scientific conceptions (0%), progressing well (82%), not progressing (18%) and degradation (0%). These results indicate that the implementation of CCROI with the T-ZPD strategy has a high effectiveness in facilitating the achievement of the category of concept progression that progressing well.

Keywords
Concept progression, high school students, CCROI, T-ZPD Strategy

Topic
Physics Education

Link: https://ifory.id/abstract/YgTbLfWZqwAt


The Importance of Socializing Maternity Waiting Home in the Attempt of Reducing Maternal Mortality Rate in Wonogiri Regency
Sri Hilmi Pujihartati, Argyo Demartoto, Mahendra Wijaya

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Corresponding Author
Sri Hilmi Pujihartati

Institutions
Universitas Sebelas Maret

Abstract
Maternal Mortality Rate (MMR) is still high in Indonesia compared with that in other ASEAN countries. One under five age baby dies every three minutes in Indonesia. In addition a woman dies during giving birth or due to other pregnancy related cause every one hour. Entering into delivery period is a critical period to pregnant women because any possibilities can occur before ending up safely or with death. Facilities and resource related to delivery place are determinants for parturient women. Generally, the decision to select medical treatment made in rural areas should be based on the elder relative or decision of husband.Thus, it results in to the delayed delivery help leading to fatality. Therefore, in Wonogiri regency, Maternal Mortality Rate (MMR) has been established in 2017, aiming to reduce Maternal Mortality Rate. However, socialization about Maternity Waiting Home has not been adequate; as a result the facility provided to poor people with high risk pregnancy was utilized less maximally by the citizens.

Keywords
Maternity Waiting Home, Maternal Mortality Rate, Medical Treatment

Topic
Sociological Aspects of Strengthening SDGs Achievement

Link: https://ifory.id/abstract/CDVjJdNTM7Wp


Identify prospective primary school teachers mental model related to concepts in the subject matter of change in the state of matter
N Hermita, M Alpusari, E Noviana, O Kurniaman and N Islami

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Corresponding Author
NENI HERMITA

Institutions
Program Studi PGSD, Universitas Riau, Pekanbaru 28293, Indonesia

Abstract
The aim of the study was to obtain an overview of the profile of the mental model (MM) of prospective primary school teachers related to concepts in the subject matter of phase transition of substance. The mental model (MM) category reviewed in this study includes: scientific MM, synthetic MM and initial MM. This study uses the descriptive quantitative method. This study was conducted on 30 prospective primary school teachers at one university in Riau Province who had attended the basic concepts of science course with their lecturers. Lectures on basic concept of science are carried out by lecturers using traditional methods whose activities are lecturers centered. The instrument used to collect data is a conceptual understanding test consisting of three parts of the questions that ask for explanatory and depictions responses. The results showed that the profile of the mental model of primary school teachers related to the concept of evaporation are: Scientific MM (0%), Synthetic MM (23%) and Initial MM (77%); related to the concepts of condense are: Scientific MM (0%), Synthetic MM (17%) and initial MM (83%); related to the concepts of melting are: scientific MM (0%), Synthetic MM (27%) and Initial MM (73%); and related to the concept of freezing are: Scientific MM (0%), Synthetic MM (20%), and Initial MM (80%). The results indicated that lectures on basic concept of science carried out by lecturers had not facilitated the achievement of a scientific mental model for prospective primary school teachers.

Keywords
Mental model, prospective primary school teacher, phase transition of substance

Topic
Science Education

Link: https://ifory.id/abstract/4efkLVxPEYpt


Failure Analysis of Tube Reboiler Sour Water Stripper Heat Exchanger in Refinery Industry
Moch Ardi Dimastiar (a), Lutfy Faluthi Firdaus (a), Johny Wahyuadi (a), Ahmad Taufik (b), Edi Kunedi (b)

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Corresponding Author
Lutfy Faluthi Firdaus

Institutions
a) Metallurgy and Material Department, University of Indonesia
Depok 16424, Jawa Barat, Indonesia
b) AT Solusi Ltd.
Jakarta Selatan 12240, DKI Jakarta, Indonesia

Abstract
Heat exchanger is a device which is used to transfer heat from one medium to another. When the tubes fail, the reliability of heat exchanger is affected. This paper investigates the probable causes of failure of the tube reboiler sour water stripper in a heat exchanger. In that context, visual observation, dimensional measurement, mechanical testing, metallographic examination, and chemical analysis are conducted as part of the investigative studies. Finally, it has been concluded that the tube has mainly failed due to sulphide stress corrosion cracking.

Keywords
Failure Analysis; Heat Exchanger; Tube Bundle; Stress Corrosion Cracking

Topic
Metallurgy Engineering

Link: https://ifory.id/abstract/hkWrQgM2ewA8


Teachers- Belief in Mathematics Teaching: A Case Study of Early Childhood Education Teachers
Mery Noviyanti

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Corresponding Author
Mery Noviyanti

Institutions
Universitas Terbuka

Abstract
The background of this research is the pros and cons of whether early childhood may learn to read, write and count, which has been a talk in the community. This certainly creates confusion, especially for teachers of Early Childhood Education (ECE), to explore mathematics in the classroom. This article aims to conduct an analysis of teachers- belief in mathematics teaching. Furthermore, this article will be used as a reference for professional development program that the researcher is going to develop. This research is a case study with five respondents in a city in West Java, Indonesia. Semi-structured interviews towards five respondents were conducted using an interview guideline that refers to the instrument The Mathematical Development Beliefs Survey (MDBS). The thematic analysis was used for data processing in this research. The result of the research revealed all respondents agreed that mathematics is a substantial part of ECE curriculum and contributes to the confidence of the students. All respondents agreed that mathematics development activities could be carried out, and early childhood is ready for mathematics. However, they are unsure and less confident in teaching mathematics and basic math knowledge. For this reason, this research suggests that professional programs or interventions given should aim to boost teachers- belief in teaching mathematics and improve their knowledge of mathematics.

Keywords
Teachers- belief, mathematics, early childhood education

Topic
Mathematics Education

Link: https://ifory.id/abstract/py9kNjE6bcTD


The implementation of microservices architecture in certification management information system
Imam Fahrur Rozi, Rudy Ariyanto, Dika Rizky Yunianto, Agung Nugroho Pramudhita, Ivan Fadhila

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Corresponding Author
Imam Fahrur Rozi

Institutions
State Polytechnic of Malang

Abstract
Technology is developing rapidly and is having widespread use. Practical in use, speed in processing data are some main factors that encourage the use of technology in many business processes. Professional certification process held by LSP (Lembaga Sertifikasi Profesi) P1 Polinema, is one of complex business process that needs information technology as a tool to run the business. Professional certificates given through the certification process are formal proof to recognize the skill level. This research develops a management information system to manage the certification process that is accessible through internet. If many information systems are generally built by using a monolithic approach, this research performs development based on microservices approach. If an application or system developed by using monolithic architecture, it is wrapped in a large package, so that when there is a change it will affect the other parts. It means that it is difficult to maintain and will affect the production process. The microservices architecture offers a slightly different approach, a software architecture concept that can be a solution to make large-scale software more organized and can quickly adapt to the development of existing business needs. To speed up the deployment and testing process utilizing continuous integration so that the development process is consistent and can check regularly to reduce errors obtained.

Keywords
professional certification, microservices, monolithic

Topic
Information Systems Technology

Link: https://ifory.id/abstract/7zVrFyUjBJta


Development of Stock Opname Application with Integration to SAP Business One using SCRUM
Leonardo (a*), Muharman Lubis (b), Warih Puspitasari (b)

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Corresponding Author
Leonardo Ong

Institutions
Telkom University

Abstract
SAP Business One (SAP B1) is one of the most used Enterprise Resource Planning system for small and medium enterprise because of cost compared to other SAP package. But SAP B1 do not come in handy to handle some feature like Stock Opname in warehouse. Stock Opname is process to check whether stock in the system is the same in the reality. Usually companies that have logistic do Stock Opname once or more in a year depends on their industry. Therefore add-on to manage Stock Opname is needed. This add-on will be developed in Website and Android mobile application. The development use SCRUM as framework to manage time and quality of the system. To support the Android mobile application, there is a barcode scanner and solution disconnected scenario feature to make application still usable without internet connection. These system will allow worker to maximize their productivity while doing Stock Opname and also integration with SAP B1 so company will have integrated system.

Keywords
SAP Business One, Stock Opname, SCRUM, Agile, Mobile Application, Android Application, Barcode Scanner, Solution Disconnected Scenario

Topic
Digital Technology For Business

Link: https://ifory.id/abstract/VmvwEfk82ux3


Analysis of Social Media Marketing Activities Effectiveness in Airline Industry: Influence on Brand Equity and E-WOM
Saskia Yusliana Kusumah (a*), Tengku Ezni Balqiah (b)

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Corresponding Author
Saskia Yusliana Kusumah

Institutions
a) Faculty of Economics & Business, University of Indonesia
*saskiakusumah[at]gmail.com
b) Faculty of Economics & Business, University of Indonesia

Abstract
The growth of social media users around the world are increasing rapidly, making it as one of the strongest platform option to conduct marketing activities. This research aims to analyze the effectiveness of social media marketing activities (SMMAs) on brand equity to enhance customers- e-WOM activity and repurchase intention in the airline industry. It-s expected that the result of this research may be used as fundamental data in the development of the effectiveness airline SMMA strategies. Data will be collected with survey from airline passengers who are the followers of the airline-s social media accounts. The collected data were analyzed using Structural Equation Modelling. The result showed that Perceived Risk was the most significant SMMA dimension, and Brand Equity is significantly affected by airline SMMAs. It-s also validated that all Brand Equity dimension influence significantly on e-WOM.

Keywords
Social Media Marketing Activities (SMMAs); Marketing Effectiveness; Brand Equity; e-WOM

Topic
Digital Marketing

Link: https://ifory.id/abstract/HBbfWcN34aXu


How to Reduce Financial Technology Risk Through Cooperative Organization?
Sugiyanto

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Corresponding Author
Sugiyanto -

Institutions
Master of Management, Institut Manajemen Koperasi Indonesia (Ikopin), Jatinangor 45363 - Indonesia
giyant2000[at]ikopin.ac.id

Abstract
The use of information technology has an impact on the rapid innovation in the field of financial services that has become a trend in Indonesia, and has an impact on changing peoples lifestyles in conducting financial transactions. This condition is in accordance with the demands of a fast-paced community life using information technology. One of the developing financial technology business model is Crowdfunding or peer to peer (P2P) Lending. P2P Lending as a service to help small medium enterprises capital (especially SME-s Start Up) to be able to borrow funds even though they dont have a bank account. However, as a relatively new financial services business, it is certainly not separated from problems, such as legal problems, money lending, data hacking, financial technology business risks such as the risk of default, scam risk, misuse of client data, high interest rates and so on. Financial technology business risk is expected to increase, which is marked by the increasing number of financial technology companies that are closed by the “Otoritas Jasa Keuangan (OJK)” due to various violations. Efforts to reduce these various risks, especially for the P2P Lending model that is held by many individuals, must be managed institutionally, such as limited liability companies or cooperatives. for the second institution there has not been much practice in Indonesia. This study is to study descriptively the phenomenon based on references of technology financial, cooperatives, related regulations and cooperative business practices in the field. So that results can be obtained that there are advantages and at the same time can reduce risk by utilizing cooperatives as executors of the financial services business P2P Lending model. The study shows that, if the P2P Lending model is organized by cooperatives, only changes the conventional financial services business model by using information technology, business entities become formal, service users are members of cooperatives partly as owners that has fund and other members as a user those who need funds (SME-s) thus reducing the risk of default, scam, misuse of client data and interest set cheaper because agreement of members. This study can be concluded that by utilizing cooperative institutions held in accordance with their identity, various problems and risks of financial services business P2P Lending model can be minimized.

Keywords
Financial Technology, P2P Lending, Risk and Cooperative Organization

Topic
Financial Technology

Link: https://ifory.id/abstract/VL8FxCUzYjdR


Digital Promotion Media for Small Medium Enterprises
Didit Widiatmoko Soewardikoen (a), Bijaksana Prabawa (b)

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Corresponding Author
Didit Widiatmoko Soewardikoen

Institutions
School of Creative Industries Telkom University
Jalan Telkomunikasi - Terusan Buah batu - Bandung

Abstract
An important element for the development of the Creative Industry is the Small Medium Enterprises whose numbers always increase every year. They need promotional media for marketing their products. For a long time, print-based media such as posters, leaflets, catalogs, x-banner has become the main choice for Small Medium Enterprises to promote their business. Consideration of costs that are far cheaper than Above the line advertisements such as television, radio and magazines are one reason. However, currently print-based media are no longer the top choice for small entrepreneurs. This research was conducted to examine the reasons why Small Medium Enterprises chose new media based on digital. Using the phenomenology approach, data collection through interviews and observation, data analysis using a comparison matrix and assessment matrix. The results of this study are expected to be the basis for designing and selecting promotional media suitable for Small Medium Enterprises.

Keywords
Small & Medium Enterprises, Digital Promotion Media

Topic
Digital Marketing

Link: https://ifory.id/abstract/LgCb62Q4nhry


Factors Affecting Adoption of Mobile Banking by Using the Extended Unified Theory of Acceptance and Use Of Technology (Utaut2) Model in Bank Mandiri Customers
Ilmi Fitri (a*), Dr. Teguh Widodo, S.E., S.T., M.M (a)

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Corresponding Author
Ilmi Fitri

Institutions
a) Telkom University
Jl. Telekomunikasi Jl. Terusan Buah Batu No.01, Sukapura, Dayeuhkolot, Kota Bandung, Jawa Barat 40257
*fitriilmi.student.telkomuniversity.ac.id

Abstract
Rate of adoption of mobile banking services does not reach the expected level, especially in developing countries. This study uses the UTAUT2 model and uses price value variables, hedonic motivation, social influence, trust, performance expectancy, effort expectancy, behavioral intention, facilitating conditions and adoption. The purpose of this study is to determine the effect of price value variables, hedonic motivation, social influence, trust, performance expectancy, effort expectancy on behavioral intention, trust and effort expectancy variables on performance expectancy, variable facilitating conditions on adoption, and indirect effects of price value variables, hedonic motivation, social influence, trust, performance expectancy, effort expectancy towards adoption. The research method uses a quantitative approach. Data collection was conducted on Bank Mandiri users of mobile banking services with 241 respondents. This study uses a structural equation model (SEM) and uses an ordinal scale with 34 questions. The results of this study indicate the variable hedonic motivation has a significant influence on behavioral intention. Trust shows a significant influence on performance expectancy. Behavioral intention and facilitating conditions have a significant influence on adoption. Hedonic motivation is the variable that has the most influence on the adoption indirectly on Bank Mandiri mobile banking.

Keywords
Adoption;Customers;Mobile Banking;UTAUT2

Topic
Financial Technology

Link: https://ifory.id/abstract/zVwren6EjbGv


Economic Value Added (EVA) Approach To Evaluate Company Financial Performance of Distribution Company Listed in Indonesia Stock Exchange For Period 2014 - 2017
Prima Ersada Sembiring (a*), Junino Jahja (b)

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Corresponding Author
Prima Sembiring

Institutions
Faculty of Business and Economy, University of Indonesia
Jl. Salemba Raya, RW.5, Jakarta, Indonesia
*sembiring.prima[at]ymail.com

Abstract
This research aims to evaluate financial performances of PT. Tigaraksa Satria, Tbk (TGKA) and PT. Enseval Putra Megatrading (EPMT) as a distribution company using Economic Value Added (EVA) approach during period of 2014 to 2017. This research uses financial report that were obtained obtained from IDX website, company-s website and interview. The research proves that the financial performance of the two distribution companies for period 2014-2017 show a positive results (EVA>0). In 2014 EVA of TGKA was Rp162.674.706.763 and EVA in 2015 increased to Rp191.395.182.514. In 2016 TGKA created EVA Rp175.608.568.953 and increased to Rp180.518.201.890 in 2017. For EPMT in 2014 created EVA Rp266.090.979.215, EVA in 2015 Rp287.795.995.923 and for 2016 EVA of EMPT increased to Rp310.978.500.588. As for 2017, EVA of EPMT reduced to Rp227.805.590.090. The result of the research shows that TGKA and EPMT as Distribution companies create value for investors

Keywords
EVA, EVA Metrics, Company-s Performance

Topic
Strategic Management & Ecosystem Business

Link: https://ifory.id/abstract/upwQmB7gFfZn


Analysis of Banking Health with the Risk Based Bank Rating Method and Bankometer (Study on Syariah Commercial Banks in Indonesia 2013-2107)
Muhammad Ichsan Hidayat, Farida Titik Kristianti

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Corresponding Author
Muhammad Ichsan Hidayat

Institutions
Telkom University

Abstract
Banking is a financial institution that focuses on profit and also social, but on the other side the bank can also collapse and there are indications of bankruptcy. One way to predict is to use one of the models to determine financial distress. Syariah Banks are banks that run business activities based on the principles of Islamic law. Syariah Bank in Indonesia have very significant asset increases since initial operating at 2005. Bank Indonesia recommended a system for a prediction model called Risk Based Bank Rating (RBBR) while IMF recommended a system called Bankometer. The Objective of this research is to analyze The RBBR model and Bankometer model can use to determine financial distress and comparison result between two models. Sample of this research are 11 listed Syariah Bank in Indonesia that announced financial report on website from 2013 to 2017. This research implication is for management of the company, Investor, Customer, Government and all communities in considering to choose Syariah Bank that related to financial distress.

Keywords
Financial Distress, Bankometer, RBBR, Syariah Bank

Topic
Financial Technology

Link: https://ifory.id/abstract/aFnPKWZtGH28


Investor Attention on Stock Return and Liquidity : Evidence on Emerging Market
Fitri Aprilina (a), Zaӓfri Ananto Husodo (b)

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Corresponding Author
Fitri Aprilina

Institutions
a) Master of Management, Faculty of Economics and Business, Universitas Indonesia
fitri.aprln[at]gmail.com
b) Faculty of Economics and Business, Universitas Indonesia

Abstract
The research examines the evidence of search intensity toward stock return and liquidity in emerging market country. Search intensity is measured by Google Trends named Google Search Volume Index (SVI) as a direct proxy for individual investor-s attention and Abnormal Trading Volume (ATV) as proxied for liquidity. We use Fama-French Three Factor Model to explain stock return variability in emerging market. We obtain weekly data for the period from July 2014 – June 2018 and currency depreciation as attention-grabbing event. We classified the sample into 3 portfolio which are low currency depreciation, medium currency depreciation and sharp currency depreciation. The result showed that the SVI has tendency to explain stock return variability in certain portfolio even though in general SVI has no significant effect toward stock return and liquidity. Additionally, we find that in low and sharp currency depreciation, investor tend to invest in small stock with high book to market meanwhile in medium currency depreciation investor tend to invest in big stock with high book to market. Overall, we conclude that in emerging market investor apply on their rationality compared with behavioral aspects.

Keywords
Fama-French Three Factor Model, Emerging Market, Investor Attention, Behavioural Finance, Asset Pricing

Topic
Strategic Management & Ecosystem Business

Link: https://ifory.id/abstract/FNmPMEJ7WG3A


Analysis of Implementation Results of Telkomsel Trouble Ticket as Information System for Decision Supporting System in Telkomsel Jabotabek Against Tower Provider Satisfaction with a Delone And McLean Model Approach
sarman (a*),Achmad Manshur Ali Suyanto (b)

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Corresponding Author
Sarman Sarman

Institutions
a)School of Economics and Business, Telkom University
Jalan Gegerkalong Hilir No.47, Bandung 40152, Indonesia
*sarman78008[at]gmail.com
b)School of Economics and Business, Telkom University
Jalan Gegerkalong Hilir No.47, Bandung 40152, Indonesia
amasuyanto[at]gmail.com

Abstract
This study examines the results of the Implementation of Telkomsel TOTI (Trouble Ticket) as an Information System for Decision Supporting System in Jabotabek Telkomsel against Tower Provider Satisfaction with the Delone & McLean Model ApproachThis research will prove the influence of information quality, system quality, and service quality on Use and Satisfaction variables. This study will also examine the effect of Use and user satisfaction on the net benefits obtained. The method used is qualitative, with the purpose of verification. Research on 40 Tower Provider Companies with a population of 153 employees who have access to TOTI. Sampling is done using purposive sampling. Data analysis techniques used multivariate dependent variance based matric Structural Equation Modeling (VB-SEM) with AMOS (Analysis Moment of Structure) as the software used. The results of the study show that the independent variables (System Quality, Service Quality, and Information Quality) have an influence on the adequate category of user satisfaction (R-Square 0.681). Whereas User Satisfaction has a very strong influence on the net benefits generated by TOTI (R-square 0.825). In the Hypothesis test Service Quality and Information Quality have a significant influence on User satisfaction. Whereas User Satisfaction influences net benefits.

Keywords
Decision Supporting System, DeLone dan McLean (D&M IS Success Model), Information System

Topic
Digital Technology For Business

Link: https://ifory.id/abstract/zBK7NUjYrvdx


The Influence of Underwriter and Macroeconomic Conditions on Stock Performance post IPO in the Long Run
Fenny Hapsari

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Corresponding Author
Fenny Hapsari

Institutions
Universities Indonesia

Abstract
This study empirically examines the influence of reputation and the number of underwriters on post-IPO stock performance in the long run. The study was conducted on 101 data samples consisting of 20 company samples in the financial industry segment and 81 company samples in the non-financial industry segment. The researcher also add a change of inflation rate, the exchange rate of the USD against the rupiah and industry segment as a control variable for the regression analysis. The analysis is carried out by conducting a Indepent Sample difference test and ordinary least square (OLS) regression. The results of the research are (1) simultaneously the underwriters reputation, number of underwriters, changes in inflation rates, changes in the exchange rate of the USD to rupiah and segment industry have a significant effect on post-IPO stock performance in the long run both (2) partially only the reputation of the underwriter and the number of underwriters that have a significant effect on the performance of the stock after the long-term IPO.

Keywords
Underwriter Reputation, Macroeconomic, Stock Performance, IPO

Topic
Economics

Link: https://ifory.id/abstract/Ptg6Xq7zDwkT


Cosmopolitanism on Fashion Industry in Bali as an Impact of the Development in Tourism Sector
Arini Arumsari (a)*, Agus Sachari (b), Andryanto Rikrik Kusmara (c)

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Corresponding Author
Arini Arumsari

Institutions
(a) Doctoral Study of Visual Art and Design Program, Institut Teknologi Bandung, Bandung, Indonesia
(b) Department of Design and Visual Culture, Institut Teknologi Bandung, Bandung, Indonesia
(c) Department of Visual Art, Institut Teknologi Bandung, Bandung, Indonesia.

Abstract
Bali is one of the provinces in Indonesia consisting of one main island, the Island of Bali, which is surrounded by other small islands. Bali is also the most well-known destination in Indonesia, either for local or international tourists. Tourism in Bali is comprised of natural and cultural sectors. Bali-s attraction comes from the combination of its beautiful nature and a very authentic traditional culture implemented in every single aspects of the life of the society until the present time. The condition above makes tourism in Bali the most dominant sector that triggers other sectors found in Bali, including fashion. The influence of tourism sector towards fashion arises to meet the needs in keeping up with the ever changing lifestyle in Bali into more cosmopolitan, brought by the tourists and migrants from different places in the world. The study uses sociological research method to explore some comprehensive data through literature study towards different related literature sources, direct field observation to various Bali fashion centers, as well as in depth interview to different respondents in fashion social places in Bali. It is expected that through this study there will be some description on how the dynamics of social changes in an area influence the development in other sectors, specifically fashion, which this study focused on.

Keywords
Bali; fashion; tourism; cosmopolitanism

Topic
Design, Innovation, And Brand Management

Link: https://ifory.id/abstract/CqfNKLwz43Ej


Pulp and Paper Companies And Their Fair Value: Evidence From Indonesia Stock Exchange
Muhammad Iqbal Miala, Farida Titik Kristanti

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Corresponding Author
Muhammad Iqbal Miala

Institutions
Magister Management, Telkom University

Abstract
The purpose of this study is to conduct a fair price valuation of shares in pulp and paper sub-sector companies that are already listed on the Indonesia Stock Exchange. Valuation was carried out comprehensively using the DCF Free Cash Flow to Firm (FCFF) approach and the relative valuation method of Price to Earning Ratio (PER) and Price to Book Value (PBV) approaches. Each uses three scenarios; optimistic scenario, moderate scenario and pessimistic scenario. The companys historical data for the 2014-2017 period is used as a basis for projections 2018-2021. The results of this study indicate that the stock market price of January 1, 2018 when compared with the fair value of the stock valuation of the DCF-FCFF scenario is optimistic, INKP and TKIM are undervalued, FASW is overvalued. In moderate scenarios, INKP and TKIM are undervalued, FASW is overvalued. In the INKP, TKIM and FASW pessimistic scenarios, it is overvalued. While for relative valuation approaches PER all scenarios produce INKP, TKIM and FASW are overvalued. Finally for the relative valuation of the PBV approach all scenarios produce overvalued INKP, TKIM and FASW.

Keywords
Free Cash Flow to Firm; Relative Valuation; Pulp and Paper Industry; Fair Value

Topic
Financial Technology

Link: https://ifory.id/abstract/wdqNQxHKbY8L


SUNDA CULTURE VALUES AT SUNDA RESTAURANT DESIGN IN BANDUNG
Tita Cardiah, Ratri Wulandari, Titihan Sarihati

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Corresponding Author
Tita Cardiah

Institutions
Telkom University

Abstract
Restaurants as a public space is one of the most popular choices for urban residents today, because restaurants are not only places to enjoy food but as a gathering place, both with family, friends and colleagues, and even some restaurants as tourist destinations. This condition requires restaurants to create a space atmosphere that is not only a place to eat but is able to present new choices as public space that has recreational and educational values to visit that make visitors interested, memorable and entertained. One of the attractions of the restaurant is by presenting the atmosphere and values ​​of Sundanese culture, through interior elements both physically and non-physically. Sundanese cultural values do not always appear as an architectural statement or expression but appear in the form of aesthetic values. The existence of Sundanese restaurants in the city of Bandung which are spread in various regions and have their own characteristics both architecturally and interior design, this makes the choices and alternatives for consumers. The theme and concept of the Sundanese restaurants interior design is one of the efforts to be able to compete both with similar restaurants and with other public space facilities. Sundanese restaurants targeting the middle and upper market are required to provide maximum service both from the type of menu and especially the quality of space, atmosphere and comfort. The quality of space can be realized through the implementation of elements and values of Sundanese culture in architectural and interior design provided by the designer (architect) at the request of the client (restaurant owner). Based on previous research, from the survey results it was found that cultural values such as the atmosphere of togetherness and how to eat together lesehan became one of the elements forming the atmosphere in Sundanese restaurants. The research method used is a combination of qualitative and quantitative methods to obtain measurable data, while data collection is through questionnaires and focus group discussion (FGD). This research is a continuation of previous research to confirm / seek / deepen findings related to cultural values ​​that can be transferred through restaurants. The study of Sundanese cultural values in this study will be focused on Sundanese (selected) restaurants in the center of Bandung, the results of the study are expected to give birth to guidance and review / evaluation of the implementation of aesthetic elements and Sundanese cultural values in the context of Sundanese culture education and preservation both for designers and the general public

Keywords
Restaurants, Sundanese Cultural, Interior Design

Topic
Design, Innovation, And Brand Management

Link: https://ifory.id/abstract/bcYM6AVRypDZ


The Impact of Leadership, Organizational Culture and Organizational Climate on Employee-s Job Satisfaction (Case Study: PT Garuda Indonesia (Persero) Tbk)
Setyo Riyanto, Mangandar Panggabean

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Corresponding Author
SETYO RIYANTO

Institutions
Master of Management Mercu Buana University, Jakarta

Abstract
This study aims to examine and analyze the influence of leadership, organizational culture, and organizational climate on employee-s job satisfaction at PT Garuda Indonesia (Persero) Tbk as a Case Study. The samples taken in this study were conducted using simple random sampling with the Slovin formula and there were 88 employees from 112 populations. The method of analysis in this study is multiple linear regression. The results of this study indicate that the leadership variables partially do not have a significant impact on employee-s job satisfaction. However, the independent variables: leadership, organizational culture, and organizational climate simultaneously have significant influence towards employee-s job satisfaction.

Keywords
leadership, organizational culture, organizational climate, employee-s job satisfaction

Topic
Human Resource Management

Link: https://ifory.id/abstract/qHFNyx6nML83


REVITALIZATION OF LOCAL CULTURAL VALUES THROUGH DESIGNING PACKAGING AND MAKING CHARCOAL SOAP - GIRI MEKAR
Runik Maghfiroh, Aris Rahmansyah, Teddy Ageng

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Corresponding Author
Aris Rahmansyah

Institutions
Telkom University

Abstract
Globalization has led to socio-cultural changes in society. However, globalization does not necessarily bring the existence of local cultural values. This article analyzes the process of revitalizing local cultural values through designing packaging and making charcoal soap of Giri Mekar. This research method uses rural appraisal participants to the community of RW 8 (Hamlet) Giri Mekar, especially to PKK (educate women on various aspects of family welfare, Karang Taruna (a Youth organization), and Males community. The results of this study indicate that the values of local culture can be revitalized through the potential of the region with a touch of design. Regional branding is one form of strategy for how the value of local culture can develop.

Keywords
Packaging Design, Soap Design, Revitalizing local cultural values

Topic
Design, Innovation, And Brand Management

Link: https://ifory.id/abstract/H8ZYx4aAF2gG


EFFECT OF LEADERSHIP, SUPERVISION AND SANCTIONS (PUNISHMENT) WORK DISCIPLINE OF EMPLOYEES PT. KHARISMA BERKAH INTIKARSA IN BEKASI, WEST JAVA
Eri Marlapa

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Corresponding Author
Eri Marlapa

Institutions
Universitas Mercu Buana
Jakarta, Indonesia
eri.marlapa[at]mercubuana.ac.id

Abstract
This study aimed to analyze the influence of leadership, oversight, and sanctions (punishment) against labor discipline of employees of PT. Kharisma Berkah Intikarsa in Bekasi, West Java. The study design used in this research is the design that describes the relationship between the explanatory variables and assessment of all the indicators in each variable and to determine cause and effect between several variables or several strategies developed in management. This research was conducted at PT. Kharisma Berkah Intikarsa in Bekasi. The research data is primary data collected from questionnaires by 100 employees were selected by simple random sampling. The analytical tool used is multiple linear regression. The results showed that the variables of leadership, supervision, sanctions (punishment) has positive influence on work discipline. Decisive leadership that could be accepted by all employees, supervision and sanctions (punishment) which is applied consistently will improve employee discipline.

Keywords
Keywords: Leadership, Supervision, Sanctions, Work Discipline

Topic
Human Resource Management

Link: https://ifory.id/abstract/PM9HEQKNtRBw


Post Acquisition Analysis and Evaluation with Diversification Motive of Acquisition
Kevin Rosby, Dony Abdul Chalid

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Corresponding Author
Kevin Rosby

Institutions
Universitas Indonesia

Abstract
In 2014, a company having an acquisition with the aim of diversifying the companys business portfolio. Some studies provide results that the acquirer company will usually experience a failure in the acquisition process, which results in a decrease in value for the acquiring company ("The Winner Curse"). Within 4 years after the acquisition, The acquired company was reassessed, whether it able to provide value to the acquiring company or not, and it was found that the acquired company cannot give an additional value to the acquirer company.

Keywords
Free Cash Flow, Winner Curse, Corporate Portfolio Review, Post-Acquisition Valuation

Topic
Strategic Management & Ecosystem Business

Link: https://ifory.id/abstract/BZaJVWnNLgwD


HOW TO MEASURE RELATIONSHIP VALUE IN A BUSINESS TO BUSINESS MARKET: PRINCIPAL-RETAILER CONTEXT
Prita Prasetya Student at School of Business, IPB University, Bogor Lecturer at Universitas Mercu Buana, Jakarta Mukhamad Najib Department of Management, IPB University, Bogor Agus W.Soehadi Universitas Prasetiya Mulya, Jakarta Setiadi Djohar PPM School of Management, Jakarta

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Corresponding Author
Prita Prasetya

Institutions
Prita Prasetya
Student at School of Business, IPB University, Bogor
Lecturer at Universitas Mercu Buana, Jakarta
Mukhamad Najib
Department of Management, IPB University, Bogor
Agus W.Soehadi
Universitas Prasetiya Mulya, Jakarta
Setiadi Djohar
PPM School of Management, Jakarta

Abstract
The marketing literature reveals little agreement on the generalizability of relationship value scales that were developed in earlier works. Relationship value is more investigated methods founded on relationship marketing conception to describe and contribute better managing of company. In this study, a relationship value scale was developed for a specific context in the principal-retailer relationship. Its involved definition of relationship value, methods for measuring relationship value, impact on satisfaction and loyalty. These research assessed three alternative models of the dimension structure of relationship value construct then tested for reliability, validity and confirmatory factor analysis. The result suggested that the two multi-item scales of relationship value developed showed evidence of reliability and validity. This method is recommended to measure relationship value. Further, the findings showed that relationship value has positive effects on both satisfaction and loyalty.

Keywords
relationship value; confirmatory factor analysis; retailer; business-to-business market

Topic
Marketing Management

Link: https://ifory.id/abstract/kqdyZANhb6UG


The Influence of Underwriter and Macroeconomic Conditions on Stock Performance post IPO in the Long Run
Fenny Hapsari and Dr Buddi Wibowo

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Corresponding Author
Fenny Hapsari J. Ariyani

Institutions
Universities Indonesia

Abstract
This study tested the difference of reputation and number of underwriters influence on the performance of post-IPO stocks in the long term. The study was conducted on 101 sample data consisting of 53 IPO samples supported by Single Underwriters and 48 IPO samples supported by Underwriter Syndication. The difference test in average post-IPO stock returns was carried out on IPOs that supported by high and low reputation underwriters and IPOs that supported by Single and Syndicated Underwriters. The results showed that there were significant differences in IPOs supported by high and low reputations

Keywords
Underwriter reputation, stock performance, IPO

Topic
Strategic Management & Ecosystem Business

Link: https://ifory.id/abstract/6yEPR4n9xbtq


An empirical study of factors influencing Indonesian consumer on online buying behavior in beauty category
Meinar Dyan Muslimah, S.Mn (a*) & Yeshika Alversia, S.E., M.Sc (b)

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Corresponding Author
Meinar Dyan Muslimah

Institutions
Universitas Indonesia

Abstract
Indonesia, the largest proportion of internet market in Southeast Asia, has 32.19% usage allocated for e-commerce (BPS, 2018) and the biggest contribution by beauty category (Statista, 2018). This current study investigated whether the factors influencing online buying behavior (Laszlo & Mihai, 2015) contains: product perception (price, variety, quality), shopping experience (convenience, capability, playfulness), and information access; has a positive influence to online trust that already defined as the main issue at e-commerce (Sahney et al, 2013) which probably also having an influence to online buying behavior specifically in Indonesia beauty category. Questionnaire was taken as a quantitative method to test the hypotheses. Data from 261 valid respondents had been processed by SEM confirmed that online buying behavior in Indonesia beauty industry positively affected by product quality, information access, enjoyment / playfulness, and website image. Moreover, this research also found a differences of online buying behavior factors between millennial (18 – 34 years old) and non-millennial (>34 years old): millennial has an influence of product quality, convenience, capability, and enjoyment/playfulness, meanwhile non-millennial is more being influenced to information access than product quality.

Keywords
online buying behavior, e-commerce, product perception, shopping experience, online trust, SEM, millennial

Topic
Digital Marketing

Link: https://ifory.id/abstract/UmHCRZpY3WLv


METAL AND MINERAL MINING COMPANY EFFICIENCY : ANALYZING FINANCIAL EFFICIENCY OF METAL AND MINERAL MINING COMPANY LISTED ON INDONESIA STOCK EXCHANGE
Nicky Fahd Sembung (a*), DR. Farida Titik Kristanti, SE., MSi (b)

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Corresponding Author
Nicky Fahd Sembung

Institutions
Magister Management, School of Economic & Business Telkom University
Jl. Geger Kalong Hilir, Bandung, Jawa Barat - Indonesia

Abstract
Metal and Mineral Mining business in Indonesia is still having a good business projection, it is indicate by the growth of mining company revenue in Indonesia from 2012 to 2017 continue to show growth of improvement. Growth of the revenue is not accompanied by a strong financial ratio growth, indicating that the growth of Net Profit Margin, EBITDA and EBIT from 2012 to 2017 shows negative growth. Based on this phenomenon it is important for metal and mineral mining companies to maintain the efficiency of the company. In this research, 8 metal and mineral mining companies in Indonesia have been measured. The data used are balanced panel data with the period of 2012 until 2017. The mining sector itself is divided into 4 sub-sector, which are coal mining, crude petroleum and natural gas production, metal and mineral mining, and land / stone quarrying. This efficiency research was conducted using Stochastic Frontier Analysis (SFA) method which analyze input and output variables. Stochastic Frontier Analysis is expected to be more adequate than other method, because Stochastic Frontier Analysis does not specifically use one of the company as a benchmark.

Keywords
Efficiency, Metal and Mineral Mining, Stochastic Frontier Analysis (SFA), Parametric, Input, Output

Topic
Financial Technology

Link: https://ifory.id/abstract/AJ97HDE2QUhX


The Identification of Tourism Destination Preferences Based on Geotag Feature on Instagram Using Data Analytics and Topic Modeling
Herry Irawan, Risca Septi Widyawati, Andry Alamsyah

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Corresponding Author
Risca Septi Widyawati

Institutions
School of Economics and Business, Telkom University, Bandung, Indonesia

Abstract
Tourism is one of the fastest growing sectors in the world and becomes one of the leading sectors in Indonesia. The Indonesia government has determined four super priority tourist destinations in order to achieve 20 million foreign tourists and 275 million domestic tourists in 2019. Moreover, a social network provides essential information that raises a new paradigm known as smart tourism. The geotag-social network can identify tourists- preferences, perceptions, and also attitudes from their posts on Instagram toward tourist destinations. Instagram becomes a popular media social to share photos equipped with information about geotags. It is important for the government and tourism management to understand tourists- preferences and interests to make a better strategy and policy. This study provides an alternative method to evaluate the super-priority tourist destinations using data mining shared on social media. This study identifies the pattern of tourist visits using time window strategy to separating between tourists and locals and tourists- interest related to their expressions of the tourist destinations using topic modeling which generally describes the scenery, favorite spots, and events. The result of this paper can be used as a consideration in determining favorite tourist destinations based on tourists- preferences on social media.

Keywords
Data Analytics; Topic Modeling; Instagram Geotag; Super Priority Tourism Destinations

Topic
Digital Technology For Business

Link: https://ifory.id/abstract/LzBWqAJgPnx7


Social Network Analysis for Information Dissemination Pattern and Stakeholders- Role at Super Priority Tourism Destinations in Indonesia
Herry Irawan, Deacta Ayu Digpasari, and Andry Alamsyah

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Corresponding Author
Deacta Ayu Digpasari

Institutions
School of Economics and Business, Telkom University, Bandung, Indonesia

Abstract
Indonesia-s tourism is one of the leading sectors in economic, social, and cultural developments. In the increase of tourists, tourism stakeholders use social media to share the information as an online strategy to disseminate events, destination characteristics, and experiences in visiting tourism destinations. This can form some patterns of information dissemination with a complex network. This research aims to discover the patterns of dissemination information on Twitter and to uncover the role of tourism stakeholder of disseminating information at super priority tourism destinations in Indonesia. This research uses social network analysis to process data sources from Twitter features, namely reply, retweet, and mention using Python and visualize by Gephi and Tableau. This research finds new insight about a similar pattern at super priority tourism destinations. The visualization shows that most Twitter users have less contribution to social interaction, such as event, hotel, and business accounts, instead, the individual stakeholder has a more significant role in disseminating information of tourism activities in those destinations. The result of this study can be implemented as a strategy to carry out effective information dissemination in the tourism sector.

Keywords
Social Network Analysis; Information Dissemination; Tourism Stakeholders- Role; Super Priority Tourism Destinations

Topic
Digital Technology For Business

Link: https://ifory.id/abstract/mdHEan7UMeGp


SIGNAGE FOR ISLAMIC BOARDING SCHOOL FACILITIES
Mohamad Tohir (a), Didit Widiatmoko Soewardikoen (b)

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Corresponding Author
Didit Widiatmoko Soewardikoen

Institutions
School of Creative Industries – Telkom University
Jalan Telekomunikasi, Terusan Buah Batu - Bandung

Abstract
Islamic Boarding Schools are no longer educational institutions that only study religion, but education that has been integrated with primary and secondary education institutions with a curriculum that has been adapted to national standards along with significant additions to the science of religion. These educational institutions are usually owned by individuals who are usually religious leaders who set up learning facilities in their locations, so often the location of Islamic boarding schools is less strategic and even difficult to find. To overcome these problems, it is necessary to make a model of signage and wayfinding that can show the identity of Islamic boarding schools, starting from directions on the road to signage within the boarding school environment. Through field observations at two Islamic boarding schools in Bandung, literature studies and interviews with boarding school officials, data was obtained as a basis for designing boarding school signage models. This study aims to design a signage model of Islamic boarding schools so that identity problems and directions at Islamic boarding schools get a solution.

Keywords
signage, wayfinding, boarding schools

Topic
Design, Innovation, And Brand Management

Link: https://ifory.id/abstract/9R6mj4JbGTaA


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