Claim Missing Document
Check
Articles

Kepemimpinan kolektif dalam pengembangan budaya organisasi: literature review study Raharjo, Santosa Budi; Gunarsih, Tri; Wening, Nur
Entrepreneurship Bisnis Manajemen Akuntansi (E-BISMA) Vol.5, No.1 (2024): June 2024
Publisher : Universitas Widya Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37631/ebisma.v5i1.1343

Abstract

Leadership in a more specific scope becomes a valuable capital in managing the organization. The research method used is a Systematic Literature review. Based on the results of article collection on the classification of sources, themes, and years of publication of articles, 35 articles were obtained that met the article classification. The results show that collective leadership is a collaborative and mutually beneficial leadership process, which allows all elements of an institution to take part in building a certainty that accommodates common goals. Leadership collectivity is the behavior and nature of leaders who involve all staff, to be able to form an organizational culture to be able to work by their respective authorities and duties through a mutually arranged organizational culture, as well as collaborate and be responsible with a collective leadership structure.
The Influence of ESG on Return on Asset ASEAN Companies 2013-2023 Masditok, Tokit; Gunarsih, Tri; Geraldina, Ira; Wihadanto, Ake
Almana : Jurnal Manajemen dan Bisnis Vol 8 No 3 (2024): December
Publisher : Bandung: Prodi Manajemen FE Universitas Langlangbuana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36555/almana.v8i3.2674

Abstract

In the last few decades, sustainability issues have received increasing attention among stakeholders in their business operations. Although many studies have examined the influence of ESG on the financial performance of companies in various regions, specific research that focuses on companies in ASEAN is still limited. Studies that directly link each Pillar Score and ESG Combine Score with ROA are still rare. This research offers a new contribution by providing a comprehensive analysis of the influence of each ESG pillar and ESG Combine Score on ROA in the ASEAN region. This research aims to analyze the influence of the Environmental Pillar Score, Social Pillar Score, Governance Pillar Score, and ESG Combined Score on ROA in ASEAN public companies 2013-2023. The research uses a quantitative approach with multiple linear regression analysis to evaluate the relationship between ESG scores and ROA. The research results show that each Pillar Score and ESG Combine Score have a significant positive effect on ROA. The research results provide the implication that companies need to increase their focus on sustainable practices to improve financial performance. Investors can use it as a reference for considering ESG scores in investment decisions. This research cannot be generalized to different regions or periods and is limited to several public companies and the research time range 2013-2023. External factors such as government policies and macroeconomic conditions can also influence research results.
EGARCH Model: Volatility Spillover Analysis of Bitcoin Price on Altcoin and S&P 500 Index Melawati; Tri Gunarsih
Jurnal Internasional Bisnis, Humaniora, Pendidikan dan Ilmu Sosial Vol 5 No 2 (2023): International Journal of Business, Humanities, Education and Social Sciences
Publisher : Universitas Teknologi Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46923/ijbhes.v5i2.272

Abstract

This study aims to analyze the effect of Bitcoin price spillover volatility on Altcoin prices (Ethereum, Tether, Binance Coin) and the price of the S&P 500 Index. The data used is weekly data with a research period from January 2018 to December 2022. The analysis used in this study is the Exponential Generalized Autoregressive Conditional Heteroscedasticity (EGARCH) model. The results show a volatility spillover effect between Bitcoin and Binance Coin with more positive shocks than adverse shocks in Bitcoin price volatility on Binance Coin price. Meanwhile, the spillover volatility between Bitcoin and Ethereum, Tether, and the S&P 500 Index cannot be known because the price data is homoscedastic, so it cannot be continued with EGARCH modelling because the data needs to meet the modelling requirements.
Potential of Mutual Funds in Facing Changes in the Macroeconomic Situation Tubagus, Rahmat Nurseha; Gunarsih, Tri; Safitri, Julia
Indonesian Journal of Business Analytics Vol. 4 No. 2 (2024): April 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v4i2.8533

Abstract

In pandemic conditions, Indonesia's macroeconomic situation experienced very sharp changes. Inflation and BI 7 Day Repo Rate (BI7DRR) set record lows. Gross Domestic Product (GDP) has also experienced a decline, which last occurred during the economic crisis in 1998. This research was conducted to analyze the influence of inflation, BI7DRR and GDP on the Net Asset Value (NAV) of conventional and sharia mutual funds as well as the influence of mutual fund types on mutual fund NAV. Panel data regression was carried out on mutual fund NAV, inflation, BI7DRR and GDP data collected quarterly during the 2013-2022 period. Dummy variables are used in regression analysis to determine whether there is a significant difference between the NAV of islamic and conventional mutual funds. The estimation results using the random effect model show that inflation and BI7DRR are not proven to have a significant effect on the NAV of sharia and conventional mutual funds, while GDP is proven to have a positive and significant effect on the NAV of sharia and conventional mutual funds. It is also not proven that there is a significant difference in the NAV of sharia and conventional mutual funds, so it is stated that the type of mutual fund has no effect on the NAV of mutual funds.
The Effect of Sustainability Report on Company Value with Corporate Governance as a Moderating Variable Ryan Hanafuri; Gunarsih, Tri
Indonesian Journal of Business Analytics Vol. 4 No. 4 (2024): August 2024
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijba.v4i4.10059

Abstract

This study aims to analyze the effect of sustainability reports on firm value with Corporate Governance as a moderating variable. The population in this study are all companies listed on the Indonesia Stock Exchange (IDX), with a CGPI score from 2014-2021, and companies that publish sustainability reports from 2014-2021. This study used purposive sampling with a sample of 64 observations. The Moderating Regression Analysis (MRA) was applied to test the hypotheses. The results of this study indicate that the sustainability report has a significant positive effect on firm value (H1). Corporate Governance positively and significantly affects firm value (H2). Corporate Governance weakens the relationship between sustainability reports and firm value (H3).
The Influence of Environmental, Social, and Governance (ESG) on Price to Book Value (PBV), with Industry Classification as Moderation in ASEAN Companies 2013-2023 Masditok, Tokit; Gunarsih, Tri; Geraldina, Ira; Wihadanto, Ake
Khazanah Sosial Vol. 6 No. 2 (2024): Khazanah Sosial
Publisher : UIN Sunan Gunung Djati

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ks.v6i2.38456

Abstract

This study investigates the influence of Environmental, Social, and Governance (ESG) practices on the financial performance of publicly listed companies in the ASEAN region, with a focus on Price-to-Book Value (PBV). The study further examines the moderating effect of industry sector classification, comparing heavy and non-heavy industries during the period 2013–2023. he research employs a quantitative method using secondary data in the form of unbalanced panel data. Panel data regression analysis is conducted using EViews to evaluate the effect of ESG on PBV. The analysis includes testing for moderating effects of industry sector classification (heavy vs. non-heavy sectors) using t-tests and F-tests to assess the significance of ESG’s influence on PBV. The results demonstrate a significant positive relationship between ESG and PBV in ASEAN companies. Companies with higher ESG scores tend to have higher PBV, indicating better market valuation. The study also finds that industry sector classification moderates this relationship, with non-heavy industries benefiting more from ESG practices than heavy industries, which face higher implementation costs and regulatory challenges. The findings suggest that ESG implementation can be a strategic tool for improving corporate financial performance, particularly in emerging markets like ASEAN. For heavy industries, government incentives may be necessary to offset high compliance costs. The research highlights the need for enhanced ESG disclosures and more consistent reporting standards across ASEAN to facilitate better integration of sustainability into business practices. This study fills a gap in existing literature by focusing on ASEAN, a region with unique economic and regulatory contexts. It contributes new insights into how ESG practices affect company valuation in developing markets, particularly by incorporating industry sector classification as a moderating variable, thus providing a more nuanced understanding of ESG's financial implications in diverse industrial contexts.