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All Journal Jurnal Ekonomi West Science Business and Management
Siti Nurhasanah
Universitas Siber Asia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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IMPLICATIONS OF MULTIPLE POSITIONS OF THE BOARD OF DIRECTORS ON GOOD CORPORATE GOVERNANCE: RISK AND SUSTAINABILITY PERSPECTIVES Wahyu Purbo Santoso; Siti Nurhasanah; Pustika Ayuning Puri; Nita Sentia Purba
Jurnal Ekonomi Vol. 12 No. 3 (2023): Jurnal Ekonomi, 2023, September
Publisher : SEAN Institute

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Abstract

The Board of Directors has a key role in making strategic decisions and carrying out the oversight function within the company. However, the phenomenon of multiple positions, in which one individual holds several positions on the Board of Directors or other corporate boards, can cause a conflict of interest and affect the overall effectiveness of Good Corporate Governance. This study aims to investigate the implications of concurrent positions on the Board of Directors for Good Corporate Governance from a risk and sustainability perspective. This research uses a qualitative approach with descriptive methods. The results of the study show that the practice of holding multiple positions on the board of directors has negative implications for Good Corporate Governance (GCG), including the risk of conflict of interest, lack of transparency, and a decrease in the company's operational efficiency. This threatens accountability, transparency and independence in managing the company. To overcome this impact, companies need to separate positions, increase independent oversight, and increase transparency through clear reporting. Thus, the implementation of good and sustainable GCG can be guaranteed, and the company's reputation as an entity with responsibility and integrity can be strengthened.
The Effect of Profitability, Company Value, and Leverage on Company Size : (Case Study of a Retail Company Listed on The Indonesia Stock Exchange for The Period 2018–2022) Arnina Apriliani Nur Musaharah; Siti Nurhasanah; Pustika Ayuning Puri
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.682

Abstract

This study aims to determine the relationship between profitability, company value and company size leverage in the Indonesian retail industry. Financial data of retail companies listed on the Indonesia Stock Exchange were analyzed using SPSS using quantitative methods and population sampling techniques. Data was analyzed using SPSS. The results of the analysis show that there is a significant relationship between these variables and the size of the company. From the regression results, it can be seen that the constant value is 6.490, while the regression coefficients of profitability (X1), company value (X2) and leverage (X3) are 0.103, -0.001 and -0.008, respectively. This shows that changes in profitability, company value, and leverage affect the size of the company. However, only profitability has a significant positive influence on the size of the company, while the value of the company and leverage have an insignificant negative influence on the size of the company. Testing using the t-test shows that the three independent variables are linearly related to the size of the company. These findings highlight the importance of effectively managing these factors in the context of a dynamic global economy, which can affect the growth and development of retail businesses. This research contributes to the strategic management literature by providing a better understanding of the factors that influence the size of companies in the retail industry. The practical implications of these findings could help managers and stakeholders make more informed decisions when managing their companies and plan more effective strategies for long-term growth.
Implementation of CPM and PERT Method in Canteen Development Project CV Super Makmur Pelik Pernandes PS; Pustika Ayuning Puri; Siti Nurhasanah
West Science Business and Management Vol. 2 No. 01 (2024): West Science Business and Management
Publisher : Westscience Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/wsbm.v2i01.702

Abstract

Project management is the science and art concerned with planning, organizing, implementing, and controlling projects to achieve predefined goals by utilizing available resources optimally. The CPM (Critical Path Method) method is a deterministic approach that identifies the longest path of activities in a project, while the PERT (Program Evaluation and Review Technique) method is used to plan, estimate and control completion time by considering the uncertainty in each project activity. The goal to be achieved from this research is that the application of the method and implementation of the CPM and PERT methods can optimize project completion by knowing critical activities, operations, estimated time, costs and project resources, as well as reducing the risk of delays and additional project costs. This research adopts a quantitative approach and applies descriptive analysis using the CPM and PERT methods. Based on the analysis results, it is known that there are two critical paths, namely A-C-E-I and B-D-G-K, so accelerating the project time without delaying or waiting for completion in 11 weeks, with a value of Z = 2.27 in the normal distribution table shows the number 0.9984, meaning the probability that the project can be completed during 11 weeks is 99%. because there is an additional fee of IDR 2,588,940 which is an additional acceleration fee. So, the cost of completing a 12-week project is IDR 1,171,739,257 while for 11 weeks it is IDR 1,174,328,197.
Co-Authors Arnina Apriliani Nur Musaharah Nita Sentia Purba Pelik Pernandes PS Pustika Ayuning Puri Pustika Ayuning Puri Wahyu Purbo Santoso