Claim Missing Document
Check
Articles

Found 22 Documents
Search

Pengujian Power Theory pada Skema Remunerasi Pimpinan Puncak Perusahaan Publik di Indonesia Ramadhanti, Wita; Indrayanto, Adi
Jurnal Aplikasi Manajemen Vol. 14 No. 4 (2016)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (69.96 KB) | DOI: 10.18202/jam23026332.14.4.07

Abstract

This study examined the impact of the Firm characteristics and the investmen opportunity set against executive remuneration. This study also explained the role of institutional ownership in moderating the relationship between firm size, sales and growth of the cash compensation. Data was taken from a listed company in Indonesia Stock Exchange 2011-2014 which has an executive compensation data in Swa Magazine survey.The compensation data are taken from Survey conduct by Swa Magazines, not directly from annual and financial reports. This is because very few Indonesian public companies that explicitly stated their remunerations in Annual Reports or Financial Reports. Investor could have additional information to invest in stock market. Data were analyzed using OLS Regression. A Company is fundamentally good and a trusted is a company that has an assets, sales, and high managerial compensation, but has a majority of institutional ownership of the total ownership structure. This study used institutional ownership as a moderating variable not managerial ownership such as in previous studies.That wascaused by the capital market condition in Indonesia as the concentration of institutional ownership is higher than the market or management. The results showed that the firm characteristics has an effectto the company's executive remuneration. Furthermore, institutional ownership has a negative moderating effect on that relationship. That results wasaccordance with the Power Theory that the high institutional ownership may limit the amount of executive compensation.
Efek Pemediasian Kepercayaan terhadap Pengaruh Kepemimpinan Transformasional pada Komitmen Pegawai Satpol-PP di Eks Karesidenan Banyumas Indrayanto, Adi
Jurnal Aplikasi Manajemen Vol. 10 No. 2 (2012)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (77.971 KB) | DOI: 10.21776/

Abstract

The research aims to investigate and examine the mediating effect of on employees'trust, in thecontext of transformational leadership at Civilian Para-Police Force Institution in Banyumas Area. It isexpected that the result of the research will provide an account to human resources management literaturewith regards to transformational leadership issue.The research is an explanatory study which attempts toexamine and describe the variables using cross-sectional data analysis. Quantitative approach and indepthinterview are employed in this research. The research population consists of all employees of CivilianPara-Police Force Institution in Banyumas Area (Banyumas, Purbalingga, Cilacap, dan Banjarnegararegency). Total number of the population is 266 employees, but only 132 respondents returned the questionnaires;thus, the response rate is 74%. Proportional random sampling is employed as the samplingtechnique of the research. Structural Equation Modeling (using AMOS software) is performed for dataanalysis purpose. The result shows that trust has mediating effect on the relationship between transformationalleadership and employees'commitment. The result provides an account in establishing a model oftransformational leadership that will be more effective and suitable for this kind of organization (CivilianPara-Police Force Institution).