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Financial performance: The impact of age and background of retired military officers on oil, gas, and coal companies Chudri, Intan Rizkia; Fadilla, Fitrah; M.J, Ermad
Annals of Human Resource Management Research Vol. 5 No. 2 (2025): June
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ahrmr.v5i2.2833

Abstract

Purpose: This study aims to investigate the impact of the age and background of retired military officers in management roles on the financial performance of companies. Methodology/Approach: The research was conducted across 22 companies operating in the Oil, Gas, and Coal sub-sector, selected based on specific criteria. The study utilized a quantitative approach, employing panel data regression analysis to assess the relationship between the independent variables (age and background of retired military officers) and the dependent variable (financial performance) over the period from 2021 to 2023. Results: The results of this study found that management age has a significant positive effect on financial performance, and military background has a significant positive effect on financial performance. Conclusions: The research concludes that the age and background of retired military officers play a critical role in shaping the financial performance of companies, particularly within the Oil, Gas, and Coal sectors. Understanding this relationship can provide valuable insights for organizations in selecting management personnel. Limitations: A limitation of this study is its focus on a specific sector, which may restrict the generalizability of the findings to other industries or contexts. Contribution: This study contributes to the fields of management and organizational behavior by highlighting the significance of leadership backgrounds in influencing financial performance. The insights gained can assist companies in making informed decisions regarding management recruitment and development strategies.
PERAN KONEKSI POLITIK TERHADAP HUBUNGAN PENJUALAN KEPADA PIHAK BERELASI DENGAN NILAI PERUSAHAAN M.J, Ermad; Rusnaidi, Rusnaidi; Umar, Zulkifli; Ajeng Savitri, Dini
Berajah Journal Vol. 4 No. 4 (2024): Berajah Journal
Publisher : CV. Lafadz Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47353/bj.v4i4.390

Abstract

This study aims to examine the role of political connections in the relationship between related party sales and firm values. The population of the study consists of non-financial companies listed on the Indonesia Stock Exchange from 2020 to 2023, totaling 2,309 companies. A sample of 74 companies, with 296 observations, was selected based on specific criteria. The data analysis method used is ordinary least square. The study finds that related party sales negatively impact firm value. Moreover, this negative impact is more pronounced in companies with political connections. These findings indicate that companies engaged in related party sales tend to experience a decrease in firm value, and political connections exacerbate this decline. Therefore, it is crucial for companies to consider the impact of political connections in related party sales activities to optimize firm value.
Financial performance: The impact of age and background of retired military officers on oil, gas, and coal companies Chudri, Intan Rizkia; Fadilla, Fitrah; M.J, Ermad
Annals of Human Resource Management Research Vol. 5 No. 2 (2025): June
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/ahrmr.v5i2.2833

Abstract

Purpose: This study aims to investigate the impact of the age and background of retired military officers in management roles on the financial performance of companies. Methodology/Approach: The research was conducted across 22 companies operating in the Oil, Gas, and Coal sub-sector, selected based on specific criteria. The study utilized a quantitative approach, employing panel data regression analysis to assess the relationship between the independent variables (age and background of retired military officers) and the dependent variable (financial performance) over the period from 2021 to 2023. Results: The results of this study found that management age has a significant positive effect on financial performance, and military background has a significant positive effect on financial performance. Conclusions: The research concludes that the age and background of retired military officers play a critical role in shaping the financial performance of companies, particularly within the Oil, Gas, and Coal sectors. Understanding this relationship can provide valuable insights for organizations in selecting management personnel. Limitations: A limitation of this study is its focus on a specific sector, which may restrict the generalizability of the findings to other industries or contexts. Contribution: This study contributes to the fields of management and organizational behavior by highlighting the significance of leadership backgrounds in influencing financial performance. The insights gained can assist companies in making informed decisions regarding management recruitment and development strategies.