Claim Missing Document
Check
Articles

Found 2 Documents
Search

Analysis of LQ45 and ESG Stock Return Volatility on the Indonesia Stock Exchange Umi Indah Hapsari; Hermanto Siregar; Tanti Novianti; Nimmi Zulbainarni
Jurnal Ilmiah Akuntansi Kesatuan Vol. 13 No. 4 (2025): JIAKES Edisi Agustus 2025
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v13i4.3533

Abstract

The Covid-19 pandemic created significant turmoil in global financial markets, including the Indonesia Stock Exchange, where liquidity and stability were severely disrupted by widespread panic and economic uncertainty. Investors faced heightened risks as stock prices fluctuated sharply in response to rapidly changing market conditions. This study examines the impact of the Covid-19 pandemic on stock volatility and performance by comparing conventional liquid stocks from the LQ45 index with sustainable stocks from the ESG (Environmental, Social, and Governance) indices. Using daily closing prices from January 1, 2016, to December 31, 2023, the analysis employs the Generalized Autoregressive Conditional Heteroskedasticity (GARCH) model to capture volatility patterns. The findings reveal that LQ45 stocks consistently exhibit higher volatility than ESG stocks, yet deliver superior returns across all periods. Conversely, ESG stocks show greater resilience during the pandemic, maintaining relatively stable performance despite lower returns compared to LQ45. These results underscore the value of incorporating sustainable investment strategies, particularly when combined with liquidity considerations, as a means to balance risk and return while enhancing portfolio stability during periods of market uncertainty.
Strategy for Developing Quality of Work Life to Enhance Employee Engagement at PT XYZ Chika Asgara Mastra; Tanti Novianti; Suhendi Suhendi
Indonesian Journal of Multidisciplinary Science Vol. 5 No. 4 (2026): Indonesian Journal of Multidisciplinary Science
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/ijoms.v5i4.1247

Abstract

This study examines the application of Quality of Work Life (QWL) factors to improve employee engagement at PT XYZ. Using a quantitative descriptive approach with purposive sampling of 52 respondents consisting of marketing and non-marketing employees, this study employed Critical Performance Analysis (IPA) and Chi-Square tests to correlate the relationship between QWL factors and employee satisfaction. The results indicate that although employees exhibit high intrinsic motivation and job satisfaction, collaborative communication and long-term commitment need to be improved. The IPA analysis revealed that career development and compensation are important priorities for both divisions, requiring immediate intervention, while other factors are strengths that should be maintained. The Chi-Square test indicated that most QWL factors have no significant relationship with employee tenure or education level, except for career development, compensation, occupational health, pride and safety, which showed a significant correlation with employee profiles. This study concludes that improving strategies in career development and compensation is crucial to improve employee engagement and reduce employee turnover at PT XYZ.