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Journal : PHINISI

The effect of inclusive leadership on innovative work behavior mediated by perceived organizational support Hadisuwito, Mutiara Septiani; Yokanan, Raden Teja; Kaloeti, Ade Kristianus
PHINISI Vol.2, No.3 (2025): September 2025
Publisher : Indonesia Research and Study Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64282/phi.v2i3.98

Abstract

This study investigates the impact of inclusive leadership on innovative work behavior, emphasizing the mediating role of perceived organizational support. Using a quantitative approach, data were collected from 102 employees of through questionnaires distributed using a saturated sampling technique. Data were analyzed with version 4.1, employing validity and reliability tests (convergent validity, discriminant validity, average variance extracted, composite reliability, and Cronbach’s Alpha) as well as structural model assessments (R-square, goodness of fit, and P-Value). The results show that inclusive leadership positively influences both perceived organizational support and innovative work behavior, and that perceived organizational support also positively affects innovative work behavior. Furthermore, perceived organizational support mediates the relationship between inclusive leadership and innovative work behavior. However, the study is limited by its small sample size, focus on a single organization, reliance on self-reported data, and cross-sectional design, which constrain the generalizability and causal interpretation of the findings. Despite these limitations, the study suggests that fostering inclusive leadership and enhancing perceived organizational support can promote innovative work behavior. These findings offer valuable insights for human resource and leadership development strategies aiming to build more innovative and supportive workplace cultures.
The effect of profitability, investment decisions, and sales growth on stock prices: a study on food and beverage companies Avriliana, Winda; Prasetyanta, Agus; Herwinanto, Erfan; Kaloeti, Ade Kristianus
PHINISI Vol.2, No.4 (2025): December 2025
Publisher : Indonesia Research and Study Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64282/phi.v2i4.109

Abstract

This study investigates the influence of profitability, investment decisions, and sales growth on stock prices, with capital structure as an intervening variable in food and beverage manufacturing companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023. The analysis is based on secondary data obtained from annual financial reports published on the official IDX website. From a population of 55 companies, purposive sampling resulted in 32 firms that met the research criteria. Data were analyzed using descriptive statistics, classical assumption tests, simple and multiple linear regression, t-tests, F-tests, and path analysis. The results show that profitability and capital structure significantly affect stock prices, whereas investment decisions and sales growth do not have significant direct effects. When tested simultaneously, the three independent variables collectively influence stock prices. Path analysis further indicates that the direct effects are stronger than the indirect effects, suggesting that capital structure—measured by the debt-to-equity ratio (DER)—does not mediate the relationship between the independent variables and stock prices. Theoretically, these findings reinforce signaling theory by demonstrating that profitability provides strong market signals capable of influencing stock price movements. Practically, the study offers insights for investors to prioritize profitability indicators and for managers to maintain an optimal capital structure that supports firm value.