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The Impact of The Proper Gold Rating Announcement on Stock Prices of Companies Listed on The IDX In 2023 Try Junanto; Retno Martanti Endah Lestari; Mutiara Puspa Widyowati; Herdiyana Herdiyana
International Journal of Management Science and Information Technology Vol. 6 No. 2 (2026): July - December 2026
Publisher : Lembaga Komunitas Informasi Teknologi Aceh (KITA), Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/ijmsit.v6i2.7953

Abstract

Environmental degradation caused by industrial activities has led the Indonesian government to introduce the Company Performance Rating Program (PROPER), with the gold rating as its highest recognition. This study examines the effect of the PROPER Gold announcement (December 20, 2023) on the stock prices of companies listed on the Indonesia Stock Exchange. The research applies an event study method with a causal-comparative approach. The observation window spans 15 trading days (t−7 to t+7), involving 8 companies awarded the PROPER Gold rating in 2023, selected through purposive sampling. Daily closing stock prices were obtained from IDX publications. The Kolmogorov-Smirnov test was employed to assess data normality, and the Wilcoxon Signed Rank Test was used for non-normal distributions. Descriptive analysis was conducted to observe stock price trends before and after the event. Results indicate a tendency for stock price increases after the announcement, with a statistically significant difference between pre- and post-event prices, reflecting a positive market response.
STRATEGI PENINGKATAN KINERJA PEGAWAI MELALUI PENGUATAN KOMUNIKASI INTERPERSONAL, IKLIM ORGANISASI, DAN MOTIVASI KERJA Fahira Nur Aqila; Soewarto Hardhienata; Nancy Yusnita; Try Junanto
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 11, No 1 (2025): Vol 11, No. 1 (2025)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v11i1.10868

Abstract

ABSTRAKTujuan dari penelitian ini adalah untuk menguji pengaruh langsung dari penguatan komunikasi interpersonal dan iklim organisasi terhadap kinerja pegawai serta menguji pengaruh intervening dari motivasi kerja terhadap kinerja pegawai. Populasi penelitian terdiri dari seluruh ASN organisasi dengan nilai Sistem Akuntabilitas Kinerja Instansi Pemerintahan (SAKIP) BB sebanyak 309 orang. Jumlah populasi ditentukan menggunakan rumus Slovin sehingga diperoleh 173 sampel penelitian. Data diuji menggunakan path analysis (analisis jalur). Hasil penelitian menunjukkan bahwa komunikasi interpersonal dan iklim organisasi baik secara langsung maupun tidak langsung mempengaruhi kinerja pegawai. Dengan demikian, hasil penelitian ini mengindikasikan bahwa intervensi pada komunikasi interpersonal dan iklim organisasi memberikan efek ganda, yaitu dampak langsung terhadap kinerja sekaligus efek intervening melalui peningkatan motivasi kerja. Rekomendasi implementasinya meliputi tiga aspek utama, yaitu melalui pengembangan kompetensi, pemantauan lingkungan organisasi, dan mekanisme motivasi berbasis performa. ABSTRACTThe purpose of this study was to examine the direct effect of strengthening interpersonal communication and organizational climate on employee performance and to examine the intervening effect of work motivation on employee performance. The study population consisted of all ASN organizations with a Government Agency Performance Accountability System (SAKIP) BB value of 309 people. The population size was determined using the Slovin formula to obtain 173 research samples. The data were tested using path analysis. The results showed that interpersonal communication and organizational climate both directly and indirectly affect employee performance. Thus, the results of this study indicate that interventions on interpersonal communication and organizational climate have a dual effect, namely a direct impact on performance as well as an intervening effect through increased work motivation. The implementation recommendations include three main aspects, namely through competency development, monitoring the organizational environment, and performance-based motivation mechanisms.