The Impact of Local Culture on Financial Performance in Property Firms in Bali
The research studies local culture reflected through pray, hard work, honesty, tatwamasi and gotong royong influencing property sales and company assets. Fifty companies are qualified as sample of sixty one property companies actively operated in 2013. Data is collected through questionnaire having...
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2015-09-01
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doaj-53ddb6e2d523463ea3e08c5886bbd8db2020-11-24T23:09:06ZengUniversity of BrawijayaAPMBA (Asia Pacific Management and Business Application)2252-89972015-09-013210611510.21776/ub.apmba.2014.003.02.3150The Impact of Local Culture on Financial Performance in Property Firms in BaliI Putu Astawa0Putu Sudika1Tourism Business Management, Bali State Polytechnic, Baliof Economics and Business, University of Mahasaraswati, BaliThe research studies local culture reflected through pray, hard work, honesty, tatwamasi and gotong royong influencing property sales and company assets. Fifty companies are qualified as sample of sixty one property companies actively operated in 2013. Data is collected through questionnaire having tested for its reliability and validity before distributed to those fifty companies. The collected data is analyzed with multiple regression. Result shows that hard work, honesty, tatwamasi and gotong royong culture that well implemented are able to improve property sale and assets ownership. Result of the study has implication that in order to improve financial performance, local culture should be included as variable in performance measurement. Result of the study gives contribution to Schein’s organizational culture (2004) that colored with local culture; therefore, values believed in an organization are able to improve performance.http://apmba.ub.ac.id/index.php/apmba/article/view/171Local culturepropertyfinancial performance |
collection |
DOAJ |
language |
English |
format |
Article |
sources |
DOAJ |
author |
I Putu Astawa Putu Sudika |
spellingShingle |
I Putu Astawa Putu Sudika The Impact of Local Culture on Financial Performance in Property Firms in Bali APMBA (Asia Pacific Management and Business Application) Local culture property financial performance |
author_facet |
I Putu Astawa Putu Sudika |
author_sort |
I Putu Astawa |
title |
The Impact of Local Culture on Financial Performance in Property Firms in Bali |
title_short |
The Impact of Local Culture on Financial Performance in Property Firms in Bali |
title_full |
The Impact of Local Culture on Financial Performance in Property Firms in Bali |
title_fullStr |
The Impact of Local Culture on Financial Performance in Property Firms in Bali |
title_full_unstemmed |
The Impact of Local Culture on Financial Performance in Property Firms in Bali |
title_sort |
impact of local culture on financial performance in property firms in bali |
publisher |
University of Brawijaya |
series |
APMBA (Asia Pacific Management and Business Application) |
issn |
2252-8997 |
publishDate |
2015-09-01 |
description |
The research studies local culture reflected through pray, hard work, honesty, tatwamasi and gotong royong influencing property sales and company assets. Fifty companies are qualified as sample of sixty one property companies actively operated in 2013. Data is collected through questionnaire having tested for its reliability and validity before distributed to those fifty companies. The collected data is analyzed with multiple regression. Result shows that hard work, honesty, tatwamasi and gotong royong culture that well implemented are able to improve property sale and assets ownership. Result of the study has implication that in order to improve financial performance, local culture should be included as variable in performance measurement. Result of the study gives contribution to Schein’s organizational culture (2004) that colored with local culture; therefore, values believed in an organization are able to improve performance. |
topic |
Local culture property financial performance |
url |
http://apmba.ub.ac.id/index.php/apmba/article/view/171 |
work_keys_str_mv |
AT iputuastawa theimpactoflocalcultureonfinancialperformanceinpropertyfirmsinbali AT putusudika theimpactoflocalcultureonfinancialperformanceinpropertyfirmsinbali AT iputuastawa impactoflocalcultureonfinancialperformanceinpropertyfirmsinbali AT putusudika impactoflocalcultureonfinancialperformanceinpropertyfirmsinbali |
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