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The Influence of Leadership Style Mediated by Intellectual Capital and Innovation on International Manufacturing Company Performance Wisnu Yuwono; Davin Ewaldo; Dewi Khornida Marheni; Suyono Saputra
Dinasti International Journal of Education Management And Social Science Vol. 6 No. 3 (2025): Dinasti International Journal of Education Management and Social Science (Febru
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijemss.v6i3.4028

Abstract

Currently, companies face uncertain situations due to the effects of unstable world geopolitical conditions, and the role of company leaders will affect innovation and company performance. This study analyzes the relationship between leadership style, intellectual capital, and innovation on employee performance in foreign manufacturing companies in Batam City, Indonesia. This study uses quantitative methods with data collection through questionnaires distributed to employees in foreign manufacturing companies in Batam City totaling 303 respondents. The results showed that transformational and authentic leadership styles had a significant positive influence on employee innovation and performance, while transactional leadership style showed a stronger influence in a stable business environment. Intellectual capital proved to be an important mediator in the relationship between leadership style and innovation, which in turn has an impact on improving company performance. This study provides practical implications for managers of manufacturing companies to adopt a leadership style that suits the dynamics of the work environment and maximize intellectual capital to encourage innovation and optimal employee performance.
Sustainable practices in manufacturing: How green innovation drives financial performance with gender diversity and CSR as moderators Haryanto, Hery; Jennifer, Fion; Marheni, Dewi Khornida
Journal of Accounting and Investment Vol. 27 No. 1: January 2026
Publisher : Universitas Muhammadiyah Yogyakarta, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jai.v27i1.27390

Abstract

Research aims: This research analyzes how green innovation strategies influence the financial performance of manufacturing firms in Indonesia, with Corporate Social Responsibility (CSR) and gender diversity as moderators.Design/Methodology/Approach: A quantitative approach using secondary data from 70 manufacturing firms listed on the Indonesia Stock Exchange (2018–2022) was applied. Ordinary Least Squares (OLS) regression was conducted in Stata, with purposive sampling based on specific criteria.Research findings: Green innovation and gender diversity significantly enhance financial performance. CSR, however, shows no significant direct effect, and neither CSR nor gender diversity significantly moderates the relationship between green innovation and financial performance.Theoretical contribution/Originality: The study makes three contributions. First, it examines CSR and gender diversity simultaneously as independent factors and moderators, highlighting their differential roles in emerging markets. Second, it identifies boundary conditions, showing that green innovation delivers benefits mainly when organizational capabilities are sufficient, challenging the generalizability of Western-based theories. Third, it offers insights into why stakeholder mechanisms may be less effective in contexts with weak enforcement and symbolic compliance, refining theoretical understanding in emerging-market settings.Practitioner/Policy implication: Managers and policymakers should treat gender diversity as a strategic asset to enhance performance, while CSR initiatives should be carefully designed and consistently implemented to add genuine value rather than symbolic compliance.
Access to Finance as a Mediator of The Relationship Between Financial Literacy and Financial Technology on MSMEs Sustainability Arienda Gitty Ramadani; Ferawati; Dewi Khornida Marheni
Jurnal Manajerial Vol. 12 No. 03 (2025): Jurnal Manajerial
Publisher : Program Studi Manajemen Universitas Muhammadiyah Gresik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30587/jurnalmanajerial.v12i03.9876

Abstract

Background - Micro, Small, and Medium Enterprises (MSMEs) are crucial for driving Indonesia's economic growth. However, their sustainability often faces challenges due to limited access to financial resources and minimal use of financial technology. Many MSMEs also exhibit low financial literacy, which impacts their ability to manage their finances efficiently and utilize digital financial instruments. In an increasingly complex and competitive market landscape, the ability of MSMEs to obtain funding and utilize financial technology is crucial for achieving sustainable growth. Objective - This study aims to examine the mediating effect of access to finance on the relationship between financial literacy and financial technology on the sustainability of MSMEs. This study specifically examines whether financial literacy and financial technology can have a significant impact on the sustainability of MSMEs, both directly and indirectly through access to finance as a mediating factor. Design/Methodology/Approach - This study employed a quantitative methodology using a questionnaire to collect data from 150 MSME participants in Batam City. The sampling technique used was purposive sampling, specifically aimed at financial technology users. Data were collected through Structural Equation Modeling–Partial Least Squares (SEM-PLS) using SmartPLS software. This model combines reliability, validity, and significance assessments through bootstrapping to evaluate direct and indirect influences between variables. Find - The findings of this study indicate that financial technology significantly influences the sustainability of MSMEs, both through direct connections and through a mediation process through access to finance. Access to finance has been shown to significantly influence the sustainability of MSMEs. Conversely, financial literacy does not show a significant direct impact on sustainability, nor does it have a significant indirect effect through access to finance. These findings emphasize that the influence of financial technology is greater than financial literacy in increasing the competitiveness and sustainability of MSMEs in today's digital era. Conclusion - The conclusion obtained in this study is that financial literacy does not have a significant direct influence on the sustainability of MSMEs. In contrast, financial technology and access to finance have a significant positive influence on the sustainability of MSMEs. Access to finance mediates the relationship between financial technology and MSME sustainability, but access to finance does not mediate the relationship between financial literacy and MSME sustainability. This finding confirms the importance of adopting financial technology in strengthening the sustainability of MSMEs. Research Implications - The findings of this study provide important insights for various parties, particularly the government, financial institutions, and business support service providers. They need to be more proactive in encouraging the use of financial technology among MSMEs to support business closures. Furthermore, financial literacy programs need to be designed with a more applicable approach and be relevant to the needs of MSMEs, particularly those related to the use of digital financial services, so that their benefits are truly felt in daily business practices. Limitations - This study has several limitations. It is geographically confined to Batam City, limiting the generalizability of its findings to other regions in Indonesia. Furthermore, as a purely quantitative study, it does not explore in-depth behavioral or socio-psychological factors that may influence MSME sustainability. Future research is recommended to employ a mixed-methods approach and expand the scope to other regions to gain more comprehensive insights.
PENGARUH SUMBER DAYA, KEMAMPUAN, DAN KESAMAAN PASAR DOMESTIK SERTA LUAR NEGERI TERHADAP KINERJA INTERNASIONAL Gracia Cindy Carlina; Wisnu Yuwono Wisnu Yuwono; Dewi Khornida Marheni
Eqien - Jurnal Ekonomi dan Bisnis Vol 15 No 2 (2026): Eqien Journal Of Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Universitas Islam DR KH EZ Mutaqien

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34308/eqien.v15i2.2350

Abstract

Studi ini menyelidiki dampak sumber daya internal, kapabilitas, dan tingkat kesamaan antara pasar domestik dan internasional suatu perusahaan terhadap kinerja internasionalnya. Penelitian ini menekankan peran kapabilitas manajemen saluran internasional sebagai faktor mediasi yang menghubungkan variabel-variabel tersebut. Dengan menggunakan pendekatan kuantitatif, data dikumpulkan melalui kuesioner yang disebarkan kepada 260 responden dari perusahaan-perusahaan yang berbasis di Batam, Indonesia, yang bergerak di bidang ekspor. Temuan penelitian menunjukkan bahwa kesamaan sumber daya dan pasar secara signifikan meningkatkan efektivitas manajemen saluran distribusi internasional. Lebih lanjut, kapabilitas ini berfungsi sebagai perantara penting yang memperkuat pengaruh faktor-faktor internal terhadap hasil kinerja global. Wawasan ini menawarkan nilai praktis bagi perusahaan yang ingin mengembangkan strategi yang lebih terarah dan efisien untuk ekspansi internasional.
Co-Authors Abner O nesimus Sijabat Ade Olivia Agus Susanto agustin, isnaini nuzula Alex Alex Alfred Joven Aliandrina, Dessy Angelina Wulan Juniarty Angellyn Lim Anmelrina Anmelrina Ardi Hermanto Arienda Gitty Ramadani Arienda Gitty Ramadani Arviano, Hengky Ayu Purnama Calvin Calvin Candy Candy Cheristina, Cheristina Cindy Ellysa Cindy Ellysa Cing Mei Cruz II, Roque B. Darvin Darvin Davin Ewaldo Desi Mulyati Dhifira Annisa Widyasari Dhifira Annisa Widyasari Dhifira Annisa Widyasari Diana Diana Diana Merliana Rahman Eddy Oktarianto Ellen Ellen Eni Valentina Enje Aprilla Erick, Erick Evelyn Evelyn Evelyn Ewaldo, Davin Fanesha Nissy Kusweanto Ferawati Firman Adiyasa Fitri Sembiring Milala Grace Geovanni Gracia Cindy Carlina Gracia Melani Greece Agustin H, Andre Steven Hashim, Hanini Ilyana Che Helen Tan Hendry Hendry Heri Hartono Herman Herman Hery Haryanto Hery Haryanto Hesniati, Hesniati Jeffri Winardy Jennifer, Fion Jevfri Jevfri Jimmy Cung Joey Joey Jofia, Nurul Johny Budiman Joycelin Joycelin Julia Rahayu Putri Julianto Julianto Junita Junita Kelvin Kelvin Kwek Kendri Setiawan Kristina Kristina Kwek, Kelvin Laurent Aranathasya Selay Leonardo Christofher Lindawati Lindawati Lusi Lusi Lydia Desrita Marcelino Marcelino Marthin, Ricko Maudy Febrianna Meillverrani Erline Mellitania Surya Mentari Indah Sari Michelle Selvia Liu Milenia Ong Mirza Salman Pahlavi Muhammad Taufik Ong, Milenia Phangestu, Steffany Jessica Ramadani, Arienda Gitty Rano Ardiansyah Ratih Anggraini, Ratih Ricky Wijaya Rieza Melinda Rivaldo Fariadi Ivanda Robin Robin Salim, Silvia Satya Satya Selvia Eka Marliana Sepbianto Sepbianto Serina, Serina Shellin Shellin Shelvi Shelvi Sherry Sherry, Sherry Shirley Feblicia Silvy Gresia Stella Yosephine Suryati Suryati Susanti Susanti Suwandi Suwandi Suyono Saputra Suyono Saputra Syelen Syelen Tan, Michelle Tazkia, Putri Tri Anggi Astuti Valentina, Cindy Vanni Valentina Veronica Veronica Viviani Viviani Wandi, Yulfis Widiyanti, Riski Wijaya, Cynthia Anna Wily Wily Winardy, Jeffri Wisnu Yuwono Yandi Suprapto Yanni Yanni Yulfiswandi, Yulfiswandi