Abstract
This study aimed to test whether there are significant non-financial variable to the bid ask spread around each earnings announcement on Manufacturing companies listed on the Indonesia Stock Exchange. The population of 143 listed company, selected 32 companies that meet the criteria. Analysis of the results showed that the analysis shows the variation change bid ask spread of 0.05. Where the average bid ask spread five days before the earnings announcement rat higher than the average bid-ask spread five days after the earnings announcement. So there are differences in the bid-ask spread significantly between the time before and the time after the earnings announcement. This indicates that most investors still regard the stock as a trade commodity. The analysis shows the variation change bid ask spread of 0.05. Where the average bid ask spread five days before the earnings announcement rat higher than the average bid-ask spread five days after the earnings announcement. So there are differences in the bid-ask spread significantly between the time before and the time after the earnings announcement. This indicates that most investors still regard the stock as a trade commodity.
Highlights
structure-based organizational ambidexterity argued that the tension between exploration and exploitation can reconcile by creating the separated organizational structure
contextual-based organizational ambidexterity stressed the influence of organizational context to create behavior for balancing exploration and exploitation activities
This article argue that he structural dimension
Summary
Kepemimpinan Nilai-nilai kultural dan transformasional dan praktik bagi inovasi, inisiasi struktur pada unit efisiensi dan kualitas pada. Menariknya, beberapa cendikia memberi peringatan bahwa ambideksteritas organisasional bukanlah pilihan bagi semua organisasi karena dibutuhkan biaya yang besar dan tingkat kesulitan yang tinggi untuk mencapai (Duncan, 1976; Lubatkin et al 2006; March, 1991; Raisch et al 2009), melibatkan perbedaan model pembelajaran organisasi (e.g., Benner & Tushman, 2003; Eisenhardt & Martin, 2000), membutuhkan arsitektur dan proses organisasi yang berbeda dan inkonsisten (Smith & Tushman, 2005), membutuhkan perubahan mindset (Gibson & Birkinshaw, 2004; Smith & Tushman, 2005) serta dapat menjadi jebakan kompetensi (Levinthal & March, 1993).
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