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Government Officially Revokes PPKM Policy: Stock Market Investment Decisions Ali Wardhana; Ika Pratiwi Simbolon; Lilis Susilawaty; Stephanie Laurensia
Jurnal SEKURITAS (Saham, Ekonomi, Keuangan dan Investasi) Vol 7, No 1 (2023): Jurnal SEKURITAS
Publisher : Prodi Manajemen Universitas Pamulang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32493/skt.v7i1.29971

Abstract

The aim of this study is to examine the effect of behavioural biases from investors on investment decision before and after government officially revokes PPKM in Indonesia. This study is quantitative research which relies on numerical data. Data used in this research are secondary data for trading volume from November 2022 until February 2023 of companies listed on LQ45. This study also examines the difference in trading volume before and after revoking of PPKM, hence this’s event study. The results showed that investors’ behaviours have significant effect to trading volume before and after government officially revokes PPKM. On average, total trading volume is higher after the announcement from the government, 92,174,703 shares before the announcement and 110,020,882 shares after the announcement. Reflecting on this amount, since many community activities were hampered when the PPKM policy was implemented, after the termination of the policy, investors become more optimistic about investing in the capital market. This study provides valuable insights into the irrational behaviour of investors in Indonesia. It is worth mentioning that trading activities in stock exchanges mostly remain an anomaly. Further investigations can be made using the other measurements of behavioral biases in the stock market. 
MENINGKATKAN WORK ENGAGEMENT DAN AFFECTIVE COMMITMENT MELALUI SERVANT LEADERSHIP: PERAN JOB SATISFACTION Ali Wardhana; Chandra Hosen; Stephanie Laurensia
JIMFE (Jurnal Ilmiah Manajemen Fakultas Ekonomi) Vol 10, No 2 (2024): Vol 10, No. 2 (2024)
Publisher : Universitas Pakuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34203/jimfe.v10i2.10454

Abstract

ABSTRAK Penelitian ini bertujuan untuk menguji pengaruh gaya kepemimpinan melayani (servant leadership) terhadap niat karyawan untuk keluar, keterikatan dengan tempat kerja, dan komitmen organisasi melalui kepuasan kerja. Populasi pada penelitian ini adalah warga negara Indonesia dengan sampel warga negara Indonesia yang telah bekerja dan memiliki atasan. Teknik sampling yang digunakan adalah random sampling. Pengumpulan data dilakukan melalui survei online menggunakan kuesioner. Analisis data menggunakan metode Partial Least Squares Path Modeling (PLS-SEM). Hasil penelitian menunjukkan bahwa gaya kepemimpinan melayani berpengaruh signifikan terhadap kepuasan kerja karyawan. Pada responden yang mayoritas generasi Z dengan gender wanita, gaya kepemimpinan melayani mampu meningkatkan kepuasan kerja karyawan, dan kemudian menyebabkan lebih memiliki keterlibatan kerja dan komitment afektif yang lebih tinggi. Temuan ini memberikan implikasi penting bagi organisasi dalam menerapkan gaya kepemimpinan yang melayani untuk meningkatkan keterikatan dan komitmen karyawan, khususnya pada generasi muda. ABSTRACT This study investigates the impact of servant leadership style on employee intention to leave, workplace attachment, and organizational commitment through job satisfaction. The population used is Indonesian citizens, with a sample of Indonesian citizens who have worked and have a supervisor. The sampling technique used was random sampling. Data was collected through an online survey using a questionnaire—data analysis using the partial least squares path modeling (PLS-SEM) method with Smart PLS software. The results showed that servant leadership style significantly affects employee job satisfaction. In most Generation Z respondents of the female gender, the servant leadership style can increase employee job satisfaction and lead to more work engagement and higher affective commitment. These findings provide important implications for organizations in implementing a servant leadership style to increase employee engagement and responsibility, especially in the younger generation.