Articles

Do Firms Change the Working Capital Management Policy During The Covid-19 Pandemic? Case of Transportation & Logistics and Healthcare Industries in Indonesia

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This study explores the crucial role of working capital management in balancing profitability and risk for companies. Economic conditions and sector-specific fluctuations in GDP influence working capital decisions. The transportation and logistics industry faced challenges with reduced demand, while the healthcare industry dealt with increased demand and longer payment collection periods during the pandemic. Using panel data regression on healthcare and transportation companies listed on the Indonesia Stock Exchange from 2017 to 2021, the study examines the impact of working capital management on profitability. Findings show significant correlations between working capital components and company profitability in both sectors. Specifically, before the pandemic, Days Sales Outstanding (DSO) positively affected Return on Assets (ROA), while Working Capital Financing Policy (WCFP) had a negative impact. During the pandemic, DSO and Working Capital Investment Policy (WCIP) positively influenced ROA in the transportation sector, while WCFP negatively affected it. In the healthcare sector during the pandemic, both DSO and Days Inventory Outstanding (DIO) positively affected ROA. For Net Profit Margin (NPM), the significance of working capital variables changed during the pandemic in the transportation sector, with DSO negatively impacting NPM, while WCIP and WCFP had a positive effect. In the healthcare sector during the pandemic, WCIP positively correlated with NPM, while WCFP had a negative correlation. Effective working capital management is essential for companies to navigate economic fluctuations and ensure uninterrupted operations.

The Effect of Financial Technology, Financial Literacy, and Financial Behavior on Investment Decisions in the Capital Market in Investors during the Post-Covid-19 Pandemic

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This study aims to examine the effect of financial technology, financial literacy, and financial behavior on an investor’s investment decisions. The sample in this study is someone who has invested in the capital market at least once and lives in the city of Jakarta. The sample was taken using purposive sampling and obtained from 180 respondents. Data analysis uses SmartPLS3 through an outer, inner model, and hypothesis testing. The external and internal models show the results of all valid research instruments, and reliable and appropriate models are used to explain the dependent variable. The results show that financial technology, financial literacy, and financial behavior positively and significantly impact investment decisions.

Quality of Drug Management during the Covid-19 Pandemic at Outpatient Health Center, Kendari City

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Covid-19, declared a global pandemic by WHO, has infected 10,242,298 cases in Indonesia. Especially in Southeast Sulawesi, there were 521 cases, with the most in Kendari city. Public health centers are generally the first goal of treatment by the community, so they must be able to manage and utilize their resources effectively and efficiently in breaking the chain of Covid-19 transmission. COVID-19 impacts changes in health services carried out at the Puskesmas, so it is crucial to evaluate the quality of drug management at the puskesmas during the Covid-19 pandemic. This study aims to evaluate the quality of drug management in all outpatient health centers in Kendari City during the COVID-19 pandemic. This research was descriptive and non-experimental with retrospective data collection in all outpatient health centers in Kendari City using the Satibi indicator as a subject with research objects including drug stock cards, LPLPO, RKO, and several other documents. Based on the results, all puskesmas remained active in proposing drugs to FORNAS during the pandemic. However, the percentage value of the suitability of drug items available with FORNAS did not yet meet the standards. The accuracy of planning, the suitability of the number of requests, and the suitability of the number of receipts are not up to standard. Storage according to dosage form, temperature, LASA, and FEFO were following standards, the accuracy of distribution, empty stock items, insufficient stock, safe stock, and the excess stock did not meet standards, and there were still expired or damaged drugs. The suitability of the physical amount of the drug meets the standard, but there are outpatient health centers that do not evaluate drug management periodically during 2020.

A Picture of People’s Behavior and Economy during the Covid-19 Pandemic

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The group of people most vulnerable to the economic impact of the Covid-19 pandemic is the people with income generated from daily income. In addition, the positive impact of this pandemic is an opportunity for Indonesia to be able to strengthen the domestic economy because the government will prioritize and strengthen purchasing power in the country only so that investment remains stable.  Therefore, this research aims to find out the picture of people’s behavior and economy during the Covid-19 pandemic.  The method used in this article is the study of literature, where a study whose research object is in the form of literature works, whether in the form of scientific journals, books, articles, or statistical data that have existed before. The nature of this article is descriptive analysis, where researchers provide education and understanding to readers.  The spread of the Covid-19 virus has an impact both directly and indirectly on the community and certainly pays enough attention to the government. As for the impact arising from the Covid-19 pandemic on people’s behavior and economy, namely social restrictions, people are required to wash their hands often, wear masks, people’s incomes are decreasing, many economic activities are closed, the economy of the community and the region decreases, the market price of produce decreases, and basic needs are increasingly soaring from normal prices.

Community Empowerment in the Time of the Covid-19 Pandemic through Strengthening MSMEs in East Java

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People’s economic empowerment is an effort to create a strong, large, modern, and highly competitive economy in the correct market mechanism. Because the obstacles to people’s economic development are structural constraints, the empowerment of the people’s economy must be carried out through structural changes. The Covid-19 pandemic has hit many countries, including Indonesia. Covid-19 has had an impact on various sectors including Micro, Small and Medium Enterprises (MSMEs), including the decline in the number of sales.

This research method uses a qualitative descriptive approach. This research uses a case study approach, which is an empirical inquiry that investigates phenomena in real-life contexts, where the boundaries between phenomena and contexts are not clear, and there are multiple sources of evidence. The results of the research are that business actors seek to find marketing and sales alternatives, secure capital and assets, temporarily transfer them to other businesses, and must learn technologies that are considered effective for promotion and sales.

 

Business Strategy for Atlantic City Hotel Facing Covid-19 Pandemic

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As the supporting industry of the economic sector, the tourism industry has been impacted deeply by the Covid-19 pandemic. The social activities restrictions in the early pandemic, from March to June 2020, became the biggest disaster for the tourism industry, especially the hospitality industry. Atlantic City Hotel is one of the hotels that survived this pandemic even though some financial restrictions have done caused by the decreasing income impact of the low occupancy rate. In this research, two kinds of data are used to obtain the information: primary and secondary data, then analysed using the PESTEL framework, Porter’s Five Forces framework, and Perceptual Mapping framework to understand the external condition.

On the other hand, the Resources-based view framework, Value Chain Analysis, and reviewing existing business model canvas are used for internal conditions. Using some methods such as SWOT analysis, TOWS matrix, Porter’s Generic Strategy, Diamond Strategy, and adjusted Business Model Canvas will consequence business solution for Atlantic City Hotel facing the Covid-19 pandemic such as Hotels can pursue differentiating and cost leadership strategies at the same time. In addition, hotels can also make improvements in technology and its use for innovation activities. Technology is also used as a marketing tool, covering the lack of hotel facilities, and preventing the spread of the COVID-19 virus.

Strategy Development for Survival & Growth of MRO Company during & Post Covid-19 Pandemic (Case Study: GMF Aeroasia)

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Indonesian Aviation Market 2020 was predicted to grow around 7.0% compared to 2019. It gave Indonesian MRO industry an optimism at first, at least in the beginning of the year, before WHO declared COVID-19 pandemic in March 2020. The COVID-19 pandemic has a dire impact on the aviation & MRO industry. As of July 2021, flights still haven’t reached 50% compared to pre-COVID era. Many MRO companies, including GMF AeroAsia, must face an unprecedented situation that caused the market to shrink significantly, and enter the financial distress zone. Several initiatives have been taken by the company. However, with the protracted pandemic conditions and the uncertainty of Indonesian Aviation Market recovery, further strategies are needed to survive and growth. This study aims to analyze the company and develop a strategy based on 2 stages, namely the retrenchment phase and the recovery phase. The retrenchment phase will focus on the survival strategy, while the recovery phase will focus on the growth strategy using scenario planning because the future is still uncertain. From the analysis and interviews, several initiatives and strategies for survival and growth were developed. Several initiatives for survival include headcount cuts, operational efficiency, product elimination, liquidation & divestment, equity for debt swaps, and renegotiate with lenders. While the growth strategy was developed based on 4 scenarios, namely Flying Through Thunderstorm, Flying with Engine Failure, Flying with Broken Wings, and Flying Zig-Zag.

Motivation of Tiktok Users

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In a world where technology is part of people’s lives and where most people are present on social networks, research is needed to highlight the importance and usefulness of these social networks. Since 2016, a new social network has joined this community: TikTok. Through this approach we aim to identify the reasons why people stormed the social network TikTok. Through an analysis of the literature, we will follow the motivation of people to be present on TikTok and we will determine if the identified reasons are influenced by the coronavirus pandemic. Without a doubt, the pandemic that started at the end of 2019 has changed the lives of many people, from different perspectives. The analyzed perspective in this article is that of the activity on social networks. Through this study, we want to determine if the pandemic was the reason for the growth of the TikTok community in such short time.

Predicting the Third Wave over the Footsteps of Spanish FLU

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It’s been more than a year since COVID-19 is creating havoc all over the world. We have been through two waves since its outbreak in 2019. If we go some 100 years back, we find something that was more or less equally intense in the past called as the ‘Spanish flu’ also known as the ‘1918-19 influenza pandemic’, that infected around 500 million people of which 50 million lost their lives. On a closer look at both the pandemics, there are lot of similarities with regards to its outbreak, spread and mortality rates. This creates suspicion that just like the third wave of Spanish flu, there might be the third wave of COVID-19 too.

Human Resource Management Development in the Face of Covid-19 Pandemic

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The novel coronavirus, COVID-19 pandemic, has caused numerous unprecedented changes recorded globally in all spheres of life especially in the work place. This has implications and influences on the companies and human resource management (HRM). Organizations have had to respond speedily by reviewing many operational matters and strategies so as to be able to manage the effects of the pandemic. Human resource management (HRM) plays the essential role of helping organisations navigate through both the iffy present and unpredictable future caused by the pandemic lockdown by managing people to cope with stress and to continue working, even remotely, when applicable, so that businesses can go on with their operations. This paper embraced analytical discussion of secondary data and using self-determination theory as its theoretical framework, it assessed the implication of HRM; having knowledge of the effects of autonomy, competence, and interrelatedness in their dealings with employees on sustained HRM development in the pandemic era. The aim of this research is to look into notable human resource management practices developed in the quest to accommodate and tackle the magnitude of HRM challenges faced by organizations during the COVID-19 pandemic and the challenges encountered by employers and employees in imbibing them. The research recommended that HRM should help employees in their quest to develop their competences through trainings, consulting, and coaching as this will help in accomplishing the organizations’ goals and vision in the post COVID-19 pandemic era. An empirical research in this area is advocated to aid long-term HR policy.