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Journal : Strata Business Review

Does Herding Occur During the Presidential Election in the Indonesian Capital Market in 2024? Erlangga, M. Sandi Surya; Hikmah, Khoirul; Ambarwati, Sri Dwi Ari
Strata Business Review Vol. 2 No. 2 (2024): November
Publisher : CV. Strata Persada Academia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59631/sbr.v2i2.272

Abstract

Amid the uncertainty of the presidential election, investors' emotions, beliefs, and perceptions are affected, resulting in behavioral biases in decision making such as herding behavior. This study aims to determine whether the 2024 Presidential Election has an effect on the herding behavior of investors in the Indonesian capital market. By looking at the relationship between Cross Sectional Absolute Deviation (CSAD) and market returns 1 month before and after the presidential election, herding behavior in the stock market can be determined. The population in this study are companies listed on the LQ45 index in 2024 and uses the purposive sampling technique and there are 35 companies will then be used as samples in this study. This study uses quantile regression analysis because herding detection is carried out in different market conditions in which these conditions are normal market, stress market and high returns market. The results of this study indicate that the presidential election has an effect on the herding behavior of investors in the Indonesian stock market, both before and after the presidential election.
The Influence of Personality, Emotional Intelligence and Affective Commitment on Employees Performance at The Head Office of PT. Indah Logistik Cargo Yogyakarta Abrar, Althaf; Hikmah, Khoirul
Strata Business Review Vol. 3 No. 1 (2025): May
Publisher : CV. Strata Persada Academia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59631/sbr.v3i1.356

Abstract

This study aims to analyze the influence of personality, emotional intelligence, and affective commitment on employee performance at the Head Office of PT. Indah Logistik Cargo Yogyakarta. The research is grounded in the importance of psychological and organizational approaches to improving employee performance, particularly in the context of complex workplace dynamics caused by generational, age, and cultural diversity. A quantitative approach with a descriptive-causal method was employed. The sample consisted of 34 respondents, selected through a saturated sampling technique involving all employees at the head office. Data were collected through structured questionnaires using a Likert scale and analyzed using multiple linear regression with SPSS software. The results indicate that, partially, personality and emotional intelligence have a significant influence on employee performance, with significance values of 0.007 and 0.000, respectively (< 0.05). In contrast, affective commitment does not have a significant partial effect (p = 0.367). However, when tested simultaneously, all three variables have a significant influence on employee performance, as indicated by an F-value of 10.868 and a significance level of 0.000. These findings suggest that personality management and emotional intelligence development should be prioritized in human resource management strategies. This study contributes theoretically to the literature on workplace behavior and provides practical implications for enhancing employee effectiveness in the logistics sector. Future research is recommended to incorporate additional variables such as work motivation, work environment, and compensation systems to gain a more comprehensive understanding of the factors influencing employee performance.