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Does corporate social responsibility moderate financial performance and firm size on firm value? Nathania Lauren; Ilzar Daud; Helma Malini; Giriati Giriati; Arman Jaya
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.164

Abstract

The global socio-economic crisis has prompted businesses and stakeholders to consider sustainable development initiatives. Protecting firm value through sustainability initiatives was critical to help firms survive the crisis. This study aimed to investigate the moderating effect of Corporate Social Responsibility (CSR) on the relationship between financial ratios, firm size, and firm value during the post-pandemic era, as this period was the best time to fix the firm’s management strategy. The research focused on manufacturing firms that are publicly traded on the IDX from 2021 to 2022. This research employed a purposive sampling method, resulting in a sample size of 38 firms. This analysis technique employed the Multiple Linear Regression. The findings showed that profitability impacts firm value while liquidity, firm size, and CSR insignificantly affect firm value. CSR, as a moderation reduced the impact of profitability on firm value; however, it does not moderate the effects of firm liquidity and firm size on firm value. During the post-pandemic period, various business sectors are navigating economic challenges by implementing strategies to boost sales and strengthen stock values. Therefore, many businesses deprioritize sustainable development because it might increase costs, reducing profits and firm value
Herding behavior, disposition effect & investment decision: Testing the role of risk perception Khairunnisa Khairunnisa; Heriyadi Heriyadi; Wendy Wendy; Ilzar Daud; Rizani Ramadhan
International Journal of Applied Finance and Business Studies Vol. 11 No. 3 (2023): December: Applied Finance and Business Studies
Publisher : Trigin Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijafibs.v11i3.189

Abstract

This study explores how herding behavior, disposition effect, and risk perception affect the investment decisions of college students, with risk perception as a moderating variable. The survey involved selecting 210 respondents using a purposive sampling technique. This research examined the association between independent and dependent variables using AMOS and SPSS to test the hypotheses. The Structural Equation Model (SEM) test results show that risk perception is not a moderating factor in the relationship between herding behavior and investment decisions. How individuals perceive risk can impact how the disposition effect influences investment decisions. The study’s findings indicated that herding behavior, the disposition effect, and risk perception strongly impact investment decisions.
Work-Life Balance versus Work-Life Integration: Which Satisfies More for Gen Z? Ahmad Shalahuddin; Ilzar Daud
Fundamental and Applied Management Journal Vol. 4 No. 2 (2026): June
Publisher : Global Research Collaboration

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.66314/famj.v4i2.688

Abstract

The changing nature of work has raised questions about whether Gen Z employees are more satisfied when they maintain clear work-life boundaries or when they integrate work and personal roles flexibly. This study examines the effects of work-life balance and work-life integration on job satisfaction among Gen Z employees and compares their relative predictive strength across employment sectors. A quantitative explanatory design was used with survey data from 250 Gen Z employees born between 1997 and 2007. Data were collected through Google Form distributed via LinkedIn and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS). The findings show that both work-life balance and work-life integration positively affect job satisfaction. However, work-life balance has a stronger effect, indicating that boundary control, personal recovery time, and manageable work demands remain more important than flexible role blending. Sectoral comparison also shows meaningful differences, with Tech and Education employees reporting higher satisfaction than Healthcare and Retail employees. The study concludes that flexibility should not be treated as a universal solution for Gen Z employee satisfaction. Organizations need to design work-life policies that combine flexibility with clear boundaries, predictable workloads, and respect for non-working time. This study contributes to work-life research by distinguishing balance from integration and showing that sectoral work conditions shape how Gen Z employees experience job satisfaction.
Pengaruh Environmental, Social, Governance (ESG) Disclosure dan Green Innovation terhadap Nilai Perusahaan dengan Board Gender Diversity sebagai Moderasi Ega Clauvilia; Ilzar Daud; Uray Ndaru Mustika; Wendy Wendy; Anwar Azazi
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 4: Mei 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i4.16311

Abstract

Meningkatnya tekanan pemangku kepentingan mendorong perusahaan mengintegrasikan pengungkapan Environmental, Social, and Governance (ESG) dan green innovation dalam strategi keberlanjutan. Penelitian ini bertujuan menganalisis pengaruh ESG disclosure dan green innovation terhadap nilai perusahaan dengan board gender diversity sebagai variabel moderasi pada perusahaan manufaktur yang terdaftar di Indonesia Stock Exchange periode 2021–2024. Penelitian menggunakan pendekatan kuantitatif dengan sampel 52 perusahaan yang dipilih melalui purposive sampling. Analisis data dilakukan menggunakan regresi data panel dan Moderated Regression Analysis (MRA) dengan bantuan EViews. Hasil penelitian menunjukkan bahwa environmental disclosure berpengaruh positif terhadap nilai perusahaan, sedangkan social disclosure tidak berpengaruh signifikan. Sebaliknya, governance disclosure dan green innovation berpengaruh negatif terhadap nilai perusahaan. Board gender diversity memperkuat pengaruh environmental disclosure, memoderasi negatif governance disclosure, namun tidak memoderasi social disclosure dan green innovation. Temuan ini menegaskan pentingnya kualitas pengungkapan keberlanjutan dan tata kelola yang inklusif dalam meningkatkan nilai perusahaan.
The Impact of Ethical Leadership and Compensation on Turnover Intention: The Mediating Role of Job Satisfaction Yohana Gloria; Juniwati; Pramana Saputra; Ilzar Daud; Hasanudin
Journal of Educational Management Research Vol. 5 No. 5 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i5.3263

Abstract

The palm oil industry plays a significant role in the national economy. However, human resource management in this sector continues to face challenges, particularly employee turnover intention, which can affect organizational stability and performance. Ethical leadership, compensation, and job satisfaction are important factors that may influence employees’ intentions to leave an organization. This study aims to examine the effects of ethical leadership and compensation on turnover intention, with job satisfaction serving as a mediating variable. This study employed a quantitative research design involving 235 respondents selected through simple random sampling. Data were collected using a five-point Likert scale questionnaire and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS software. The findings indicate that ethical leadership and compensation have significant positive effects on job satisfaction. Ethical leadership does not significantly affect turnover intention, whereas compensation and job satisfaction significantly reduce turnover intention. Furthermore, job satisfaction mediates the relationships between ethical leadership and turnover intention, as well as between compensation and turnover intention. These findings suggest that organizations should strengthen ethical leadership practices, establish fair and competitive compensation systems, and improve job satisfaction to reduce employees’ intentions to leave and support workforce retention.