Garuda - Garba Rujukan Digital

Komitmen Organisasional, Tenaga Penjual, dan Tipe Kepemimpinan: Bagaimana Mengelola, Meningkatkan Komitmen dan Mempertahankan Tenaga Penjual Wardhana, Leo Indra
PRESTASI Vol 9, No 01 (2012): Juni PRESTASI
Publisher : PRESTASI

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (11.745 KB)

Sales people are different with the other non-sales employeers. They are more independent and self-reliant. In the other hand, the turnover rate of sales people are the highest among the other jobs in generla. This high degree of turnover rate makes companies suffer from sales loss due to some costs resulting from sales peolpe turnover. Nevertheless, Recruiting and retaining high performing experienced sales people are the most difficult tasks which is faced by sales and human resource managers today. Thus, many organizations need to reevaluate their policy in managing their sales people and need to understand the personality and motivation of their sales people. This paper first shows that the type of leadership, especially transformational and servant leadership is the most suitable leadership style for sales people which possibly lower the rate of turnover of sales people and maintain profitable relationship with customer. Second, the effect of ethical climate also important in sales people retention.

INSTITUTIONAL OWNERSHIP AND AGENCY CONFLICT CONTROLLING MECHANISM Wardhana, Leo Indra; Tandelilin, Eduardus
Journal of Indonesian Economy and Business Vol 26, No 3 (2011): September
Publisher : Journal of Indonesian Economy and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (92.711 KB)

The research investigates ownership structure in Indonesia in context of agency theoryÂ for non-financial firms listed on the Indonesian Stock Exchange for 2000-2007 periods.The uniqueness of characteristic of ownership structure in Indonesia, which is dominatedÂ by large institutional shareholders motivated researcher to examine the impact and itsÂ relationship to agency conflict and balancing off agency theory in Indonesian companies.In this condition, it is certainly indicating that the existing conflict is not betweenÂ managers and owners but majority and minority.Â The study argues that in low level ownership, controlling institutional shareholderÂ expropriates the minority shareholders. However, when the ownerships comes to higherÂ level, the controlling shareholder will make agency conflict lower since monitoringÂ hypothesis becoming relevant in such level. In other words, the study argues that nonlinearÂ relation between agency conflict which is proxied by firmâs performance ratios andÂ controlling institutional ownership exist. Nevertheless, the study argues that debt andÂ dividend policy can also be used to reduce the conflict. Thus, the study also examines theÂ simultaneous relationships among the mechanisms used to reduce agency conflict.The result indicates that when controlling institutional shareholder has significantÂ amount of shares, they will actively monitor the manager to ensure them making value.However, when the ownership is insignificant, controlling shareholder will harm firmÂ value due to expropriation of controlling shareholder. Therefore, nonlinear relationshipexists between controlling institutional shareholder and agency conflict. Second, debtÂ policy and dividend policy can be used to reduce the conflict. The last, it is found thatbalancing off agency theory is not applied among all policies. The only bidirectionalÂ relationship is between institutional ownership and debt policy.Keywords: controlling institutional ownership, agency theory, balancing off agencyÂ theory, debt policy, dividend policy

Teori Penjaminan Simpanan Perbankan: Sebuah Intisari Wardhana, Leo Indra; Sufitri, Sufitri
Performance Vol 26 No 2 (2019): Performance
Publisher : Faculty of Economics and Business Universitas Jenderal Soedirman

This article summarizes the two main theories of deposit insurance, i.e. Diamond and Dybvig (1984) and Keraken and Wallace (1978), as well as discussing how the system is implemented in Indonesia and ASEAN countries. The article aims to give a simple yet comprehensive understanding for banking and finance students on two main theoretical papers in banking, both for under- and postgraduate students.  

Apakah Perencanaan Keuangan Berpengaruh Terhadap Kesejahteraan Keluarga Muslim Indonesia? Risna Putri, Chikita Dinda; Saleh, Samsubar; Wardhana, Leo Indra
Al-Muraqabah: Journal of Management and Sharia Business Vol. 3 No. 2 (2023): Al-Muraqabah: Journal of Management and Sharia Business
Publisher : Sharia Business Management Study Program, Faculty of Economics and Islamic Business at IAIN Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30762/almuraqabah.v3i2.1210

Welfare is the main goal in Maqashid Syariah where welfare is a person's release from poverty which must immediately get a solution, one of them is by doing financial planning The purpose of this study is to determine the effect of insurance, savings/investment, and pension funds on the consumption of household expenditures. This study was use Indonesian Family Life Survey data in the period of 2007 and 2014 using the panel data regression analysis method. The research results found that insurance has a significant influence on household expenditure consumption, savings/investments have a negative and significant influence on household expenditure consumption, pension funds have a negative and significant influence on household expenditure consumption.

A LITERATURE REVIEW OF UPDATED ISLAMIC CORPORATE GOVERNANCE ELEMENTS: IMPLICATIONS FOR INDONESIA Lestari, Irna Puji; Hanafi, Mamduh Mahmadah; Wardhana, Leo Indra
Journal of Islamic Monetary Economics and Finance Vol 11 No 1 (2025)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v11i1.2305

This study identifies elements of Islamic Corporate Governance (ICG) that contribute to the performance of shariah-compliant firms. A systematic literature review is carried out on 173 relevant articles from the Scopus database, spanning from 2004 to 2024. It identifies five key elements of ICG: (1) Shariah board governance, (2) management and board governance, (3) audit and risk governance, (4) sustainable governance, and (5) Muslim management and board governance. These key elements encompass various sub-elements that have diverse impacts on firm performance across financial, social, and environmental dimensions. The findings offer specific implications for Indonesia, emphasizing the integration of sustainability practices into corporate governance mechanisms and considering distinct approaches to ICG mechanisms for dual-sector performance between Islamic Financial Institutions (IFIs) and non-IFIs. ACKNOWLEDGEMENT The paper is supported by sponsorship from the Indonesia Endowment Fund for Education (LPDP), whose sponsorship has played a crucial role in facilitating the research process. The authors deeply appreciate this support and are grateful for the opportunities it has provided. The authors also gratefully acknowledge the valuable comments provided by the journal's editors and reviewers.

A LITERATURE REVIEW OF UPDATED ISLAMIC CORPORATE GOVERNANCE ELEMENTS: IMPLICATIONS FOR INDONESIA Lestari, Irna Puji; Hanafi, Mamduh Mahmadah; Wardhana, Leo Indra
Journal of Islamic Monetary Economics and Finance Vol. 11 No. 1 (2025)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v11i1.2305

This study identifies elements of Islamic Corporate Governance (ICG) that contribute to the performance of shariah-compliant firms. A systematic literature review is carried out on 173 relevant articles from the Scopus database, spanning from 2004 to 2024. It identifies five key elements of ICG: (1) Shariah board governance, (2) management and board governance, (3) audit and risk governance, (4) sustainable governance, and (5) Muslim management and board governance. These key elements encompass various sub-elements that have diverse impacts on firm performance across financial, social, and environmental dimensions. The findings offer specific implications for Indonesia, emphasizing the integration of sustainability practices into corporate governance mechanisms and considering distinct approaches to ICG mechanisms for dual-sector performance between Islamic Financial Institutions (IFIs) and non-IFIs. ACKNOWLEDGEMENT The paper is supported by sponsorship from the Indonesia Endowment Fund for Education (LPDP), whose sponsorship has played a crucial role in facilitating the research process. The authors deeply appreciate this support and are grateful for the opportunities it has provided. The authors also gratefully acknowledge the valuable comments provided by the journal's editors and reviewers.

Apakah Perencanaan Keuangan Berpengaruh Terhadap Kesejahteraan Keluarga Muslim Indonesia? Risna Putri, Chikita Dinda; Saleh, Samsubar; Wardhana, Leo Indra
Al-Muraqabah: Journal of Management and Sharia Business Vol. 3 No. 2 (2023): Al-Muraqabah: Journal of Management and Sharia Business
Publisher : Sharia Business Management Study Program, Faculty of Economics and Islamic Business at IAIN Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30762/almuraqabah.v3i2.1210

Welfare is the main goal in Maqashid Syariah where welfare is a person's release from poverty which must immediately get a solution, one of them is by doing financial planning The purpose of this study is to determine the effect of insurance, savings/investment, and pension funds on the consumption of household expenditures. This study was use Indonesian Family Life Survey data in the period of 2007 and 2014 using the panel data regression analysis method. The research results found that insurance has a significant influence on household expenditure consumption, savings/investments have a negative and significant influence on household expenditure consumption, pension funds have a negative and significant influence on household expenditure consumption.

SUSTAINABILITY-BASED ISLAMIC CORPORATE GOVERNANCE AND ISLAMIC BANKS’ MULTI-PERFORMANCE: EVIDENCE FROM INDONESIA Lestari, Irna Puji; Hanafi, Mamduh Mahmadah; Wardhana, Leo Indra
Journal of Islamic Monetary Economics and Finance Vol. 11 No. 4 (2025)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jimf.v11i4.2927

This study develops a Sustainability-based Islamic Corporate Governance (SICG) index that integrates the roles of the Shariah board, regular board, and sustainable board and examines how it impacts multi-dimensional performance of Islamic banks. It employs a sample of 15 Islamic commercial banks in Indonesia from 2010 to 2023. The findings reveal that governance elements have a positive impact on particularly financial performance, while its influence on social performance is limited. For environmental and sustainability performance, a positive impact is primarily observed in the roles of the regular and sustainable boards. Further analysis through the Paris Agreement interaction confirms that most of these findings are consistent and support the role of SICG in enhancing various performances of Islamic banks. These results highlight the need for Islamic banks in Indonesia to transition toward SICG and suggest that policymakers facilitate this transformation by developing relevant regulations and guidelines to align governance structures with broader sustainability objectives.

Title

Found 8 Documents
Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title Search

Found 8 Documents Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title

Found 8 Documents
Search