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Pengaruh Budaya Organisasi dan Kepemimpinan Transformasional Terhadap Kinerja Karyawan Generasi Milenial dengan Motivasi Kerja Sebagai Variabel Intervening Chintya Krisna Inggira; Suryanto Suryanto; Windijarto Windijarto
Jurnal Ilmiah Sumber Daya Manusia Vol 5, No 1 (2021): JENIUS (Jurnal Ilmiah Manajemen Sumber Daya Manusia)
Publisher : Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/JJSDM.v5i1.13158

Abstract

Tantangan kedepan pada industri harus meningkatkan pembangunan infrastruktur dan kinerja pegawai yang memadai. Di sisi lain, perusahaan juga sedang mendapatkan bonus demografis berupa jumlah pegawai generasi milenial yang seharusnya pada usia produktif dan mampu menunjang kinerja perusahaan. Penelitian ini menggunakan pendekatan kuantitatif dengan variabel terikat yaitu kinerja, variabel bebas yaitu budaya organisasi dan kepemimpinan transformasional, dan variabel moderasi yaitu motivasi. Data primer diperoleh dari wawancara awal dan pengisian kuisioner tertutup pada 488 responden. Metode analisis data menggunakan analisis jalur (path analysis) dan didapatkan hasil penelitian yaitu budaya organisasi berpengaruh signifikan terhadap Motivasi Karyawan generasi milenial, kepemimpinan transformasional berpengaruh secara positif dan signifikan terhadap motivasi karyawan generasi milenial, motivasi berpengaruh positif signifikan terhadap kinerja Karyawan generasi milenial, budaya organisasi berpengaruh secara tidak signifikan terhadap kinerja karyawan generasi milenial melalui motivasi, motivasi memediasi hubungan antara kepemimpinan transformasional dan kinerja karyawan generasi milenial secara tidak signifikan.
REFINANCING DALAM STRUKTUR MODAL: STUDI PADA PERUSAHAAN MANUFAKTUR DI BURSA EFEK INDONESIA: REFINANCING DALAM STRUKTUR MODAL Windijarto Windijarto; Fika Andiya
EKUITAS (Jurnal Ekonomi dan Keuangan) Vol 5 No 1 (2021)
Publisher : Sekolah Tinggi Ilmu Ekonomi Indonesia (STIESIA) Surabaya(STIESIA) Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (672.792 KB)

Abstract

Abstrak Apakah keputusan untuk menggunakan lagi hutang (refinancing) sebagai sumber pendanaan perusahaan manufaktur memperkuat hubungan profitabilitas terhadap struktur modal perusahaan?. Penelitian ini bertujuan untuk meneliti apakah refinancing memperkuat hubungan antara profitability pada struktur permodalan. Metode yang digunakan dalam penelitian ini adalah analisis regresi linier dengan 559 pengamatan terhadap perusahaan manufaktur yang tercatat di Bursa Efek Indonesia (BEI) pada tahun 2014-2018. Variabel dependen studi ini adalah struktur modal yang diukur dengan leverage pasar, variabel independen adalah profitabilitas, dan variabel moderat adalah refinancing. Hasil penelitian menunjukkan bahwa profitabilitas memiliki efek negatif yang signifikan pada struktur permodalan, dan refinancing melemahkan efek negatif profitabilitas pada struktur modal. Kata Kunci: Profitabilitas, Refinancing, Struktur Modal.
Kinerja Merger dan Akuisisi, Pengalaman Direktur, Usia Direktur, Masa Jabatan Direktur, dan Board Size di Indonesia Shindy Dwita Nuansari; Windijarto Windijarto
Jurnal Manajemen dan Kearifan Lokal Indonesia Vol 3 No 2 (2019)
Publisher : Asosiasi Peneliti Manajemen Adat Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (346.923 KB) | DOI: 10.26805/jmkli.v3i2.67

Abstract

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh pengalaman direktur independen yang akan dimoderasi dengan usia direktur independen, masa jabatan direktur independen, dan board size terhadap kinerja merger dan akuisisi di Indonesia serta dikontrol dengan variabel ukuran perusahaan. Penelitian ini menggunakan model regresi linear berganda. Data variabel penelitian diperoleh dari laporan keuangan dan tahunan perusahaan pada periode 2009-2019. Variabel dependen yang digunakanpada penelitian ini adalah kinerja merger dan akuisisi yang diukur dengan perubahan ROA dari satu tahun sebelum pengumuman merger dan akuisisi dan satu tahun setelah proses merger akuisisi selesai. Variabel independen yang digunakan dalam penelitian ini adalah pengalaman direktur independen. Variabel moderasi pada penelitian ini adalah usia direktur independen, masa jabatan direktur independen, dan board size. Hasil penelitian ini menunjukkan bahwa pengalaman direktur independen memiliki pengaruh positif terhadap kinerja merger dan akuisisi, usia direktur independen tidak memperkuat atau memperlemah pengaruh direktur independen terhadap kinerja merger dan akuisisi perusahaan, masa jabatan direktur dan board size mampu memperkuat hubungan positif pengalaman direktur independen terhadap kinerja merger dan akuisisi perusahaan.
Pengembangan Model Mutasi dalam Upaya Peningkatan Kinerja Falih Suaedi; Muhammad Nairil Anam; Windijarto Windijarto
JBMP (Jurnal Bisnis, Manajemen dan Perbankan) Vol 3 No 1 (2017): March
Publisher : Universitas Muhammadiyah Sidoarjo

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (450.738 KB) | DOI: 10.21070/jbmp.v3i1.1890

Abstract

Mutation is one of the efforts of human resource management to place the right person in the right position to improve employee performance. Meanwhile, mutation is still problematic and has not been organized effectively since the models used are not entirely in accordance with rules and theoretical perspectives. Accordingly, an evaluation of the models used currently is required to implement the development of models of mutation to improve employee performance. This research generally aims to illustrate what kind of models of mutation is used and to develop models of mutation to improve performance of the Coordinating Body of Agricultural, Fisheries, and Forestry Extensions in Bangka-Belitung Islands Province. This research uses rules and theoretical perspectives and qualitative descriptive method. The research location is the offices of Regional Employment Board and Coordinating Body of Agricultural, Fisheries, and Forestry Extensions in Bangka-Belitung Islands Province. Informants of this research are people who are involved in making and receiving decisions of the mutations. The data collection is conducted with a preliminary observation, followed by field research that includes interviews and documentation. Data analysis techniques used in this research are qualitative data analysis techniques. From the research, it can be concluded that the development of models of mutation needs to be implemented to improve performance since the models used in 2015 were still insufficient, especially in the process of intensive and personal approach, which caused inaccuracy of data due to lack of good communication.
PENGARUH CORPORATE GOVERNANCE TERHADAP ENVIRONMENTAL STRENGTH DALAM CORPORATE SOCIAL RESPONSIBILITY Windijarto Windijarto; Sekar Ajeng Savitasari
Ekonis: Jurnal Ekonomi dan Bisnis Vol 22, No 1 (2020): JURNAL EKONOMI DAN BISNIS (EKONIS)
Publisher : Politeknik Negeri Lhokseumawe

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (578.606 KB) | DOI: 10.30811/ekonis.v22i1.1906

Abstract

Abstract : This study aims to analyze the relationship between corporate governance (board independence dan board size) to the implementation of environmental standards in corporate social responsibility. This study uses a sample of 200 manufacturing companies listed on the Indonesia Stock Exchange (IDX) taken from 2015-2016. The result of this research is that there is a significant and positive influence between board independence and board size of commissioners on the environmental strength in corporate social responsibility. Keywords: corporate governance, board independence, board size, environmental strength, corporate social responsibility
Determinants of Fiscal Stress on Local Government Finances in East Java Sofia Septi Suryani; Windijarto Windijarto
Journal of Social Research Vol. 2 No. 4 (2023): Journal of Social Research
Publisher : International Journal Labs

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55324/josr.v2i4.790

Abstract

The growing demands for public services have an impact on the availability of funds to meet these demands. This condition caused budgetary pressure on the government which was later called fiscal stress. This study aims to determine the factors that cause fiscal stress as seen from the financial statements of local governments in East Java. The analysis method used in this study is the Data Regression Panel, which is a combination of cross-section and time series data. The population and samples used are regencies/cities in East Java. This research resulted in the discovery that Regional Original Income (PAD), Equalization Fund (DP), Employee Expenditure (BP), Goods and Services Expenditure (BBJ), and Surplus/Deficit (PM) had a significant effect on Fiscal Stress. This result can be used as a consideration for the regency/city government in East Java to carry out good management of the performance activities of the District/city government by taking into account internal factors, namely Regional Original Income, Balance Fund, Expenditure, surplus/deficit, and budget absorption so that the regency/city government can avoid fiscal stress.
ANALYSIS OF STOCK PRICE INDEX VOLATILITY IN INDONESIA USING MACROECONOMIC VARIABLES AND GLOBAL ECONOMIC UNCERTAINTY INDEX Arian Muhammad Raihan; Windijarto; Joned Ceilendra Saksana
Assets: Jurnal Ekonomi, Manajemen, dan Akuntansi Vol 13 No 1 (2023): Assets : Jurnal Ekonomi, Manajemen dan Akuntansi
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/assets.v13i1.37616

Abstract

Stock prices can change within a certain time span can be observed in the volatility of the stock price index. Changes in stock prices can be influenced by a country's macroeconomic conditions and global economic conditions. The macroeconomics observed in this study consisted of interest rates, inflation, exchange rates, and economic growth, while global economic inflation conditions were observed using the Global Economic Policy Uncertainty (GEPU) index. This study aims to examine the effect of macroeconomic variables on the volatility of the stock price index of companies listed on the Indonesia Stock Exchange (IDX) and to change the effect of economic feelings on the volatility of the stock price index of companies listed on the Indonesia Stock Exchange (IDX). A descriptive analysis method was used in this study by utilizing time series data in the time range between the first quarter of 2016 to the fourth quarter of 2021. The results of this study indicate that partially the interest rate has a negative and significant effect on the volatility of the stock price index, while the value of each Global economic exchange and trade partially have a positive and significant effect on stock price index volatility. However, each of the inflation and economic growth variables partially has a positive relationship and does not have a significant effect on the volatility of the stock price index.
The Effect of Profitability and Managerial Ownership on Financial Distress with Capital Structure as Moderating Variable Sulasman Ardi; Windijarto
International Journal of Science and Society Vol 5 No 4 (2023): International Journal of Science and Society (IJSOC)
Publisher : GoAcademica Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54783/ijsoc.v5i4.772

Abstract

This study is being conducted as a continuation of previous research and intends to ascertain the impact of management ownership and profitability on financial distress moderation of capital structure. ROE predicts profitability, while DER predicts the capital structure. Financial reports and yearly reports are used in the research to round out the facts. The Indonesia Stock Exchange's (IDX) tourist industry was the population and sample, and the observation period was from 2019 to 2021. SPSS software is used for data analysis to evaluate the hypothesis. The findings demonstrate that managerial ownership and profitability have an impact on financial distress in tourism sector enterprises, and that the capital structure modifies the relationship between managerial ownership and profitability in this regard.
Political Connection, Financial Distress and Cost of Debt: Empirical Evidence from Emerging Country Antonius Arya Hadiputra; Windijarto
Journal of Theoretical and Applied Management (Jurnal Manajemen Teori dan Terapan) Vol. 16 No. 2 (2023)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jmtt.v16i2.44853

Abstract

Objective: This study aims to investigate the impact of political connections on financial distress and the firm's cost of debt. Design/Methods/Approach: The research sample is all companies listed on the Indonesia Stock Exchange from 2010 to 2021, with 3072 observations obtained from OSIRIS Database. This study uses a quantitative approach with panel data regression analysis using E-Views 12 software program to test the hypothesis. Findings: The results indicate that political connections significantly adversely affect financial distress, while political connections do not affect the cost of debt. In addition, this study also divides companies based on the nature of their political connections. Companies with political connections from the central government, local government, and the military affect financial distress. Meanwhile, only political connections from executive government employees and political connections from families affect the company's cost of debt. Originality: This research developed the political connection based on its nature to measure the effect of political connection on financial distress and the cost of debt. It extends the previous understanding of the impact of political connections. Policy implication: The findings are relevant for companies and other stakeholders to be more aware and utilize political connections to make better decisions and for the government to develop guidelines for better disclosure of political connections.
Effects of carbon disclosure project on financial performance Della Ramadhana; Windijarto Windijarto
Enrichment : Journal of Management Vol. 13 No. 3 (2023): August: Management Science And Field
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/enrichment.v13i3.1556

Abstract

Companies that are aware of the environmental crisis will immediately take action to minimize environmental pollution risks and protect their reputation and image by disclosing information. This can reduce financial risks to a certain extent. This study aims to examine the impact of carbon disclosure projects on corporate financial performance. The methodological approach taken in this study used systematic literature research (SLR). Total of 24 articles were obtained that could be used in the systematic literature review . The Carbon Disclosure Project (CDP) can positively impact the company's financial performance in several aspects. The results indicate that environmental disclosure, including carbon disclosure, can attract investor interest, fulfill stakeholder demands, and reduce transaction costs. This can positively impact the company's stock market value, revenue, net income, and equity value. However, the relationship between carbon disclosure and financial performance may vary depending on contextual factors, such as industry, country, and specific disclosure practices.