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Work engagement as a mediator of transactional leadership and workload on employee turnover intention Hesty Rahmadani; Ilzar Daud; Yulyanti Fahruna; Titik Rosnani; Anwar Azazi
International Journal on Social Science, Economics and Art Vol. 13 No. 3 (2023): Nov: Social Science, Economics
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/ijosea.v13i3.362

Abstract

Applying replacement value of goods and salary deductions as sanctions is part of the transactional leadership policy. This burdens employees, which makes them choose to leave their jobs. Therefore, work engagement is expected to mitigate this. This study investigates the impact of transactional leadership and workload on turnover intention, considering work engagement as a mediator. The population in this study were permanent employees of PT Sumber Alfaria Trijaya Tbk Alfamart Retail Business Division in Kalimantan, with a sample size of 205 respondents. Data collection methods using a questionnaire with a Likert scale. The data analysis model uses Structural Equation Modeling (SEM) and AMOS 24 statistical tools. The results of this study indicate a significant positive influence between transactional leadership and workload on turnover intention. Transactional leadership and workload variables also significantly positively affect work engagement. The mediation analysis results show the role of work engagement as a mediator in strengthening the relationship between transactional leadership and workload on turnover intention. This research is expected to prevent the increasing turnover in the retail business company PT Sumber Alfaria Trijaya Tbk (Minimarket Alfamart).
Pengaruh Modal Intelektual, Ukuran Perusahaan, dan Leverage terhadap Nilai Perusahaan: Profitabilitas sebagai Mediasi pada Perusahaan LQ45 (2019–2023) Syafiah Syafiah; Anwar Azazi; Anggraini Syahputri; Uray Ndaru Mustika
eCo-Buss Vol. 8 No. 2 (2025): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v8i2.2612

Abstract

The fluctuation of company value (reflected in stock prices) amidst fierce business competition and the importance of strategic adaptation in the digital era. This study aims to analyse the extent to which Intellectual Capital, Firm Size, and Leverage influence Firm Value with Profitability as a mediator. The sample consists of 28 LQ45 companies listed on the Indonesia Stock Exchange (IDX) from 2019 to 2023, resulting in 119 panel data observations after outlier treatment. The analysis, conducted with rigorous methodology, utilizes multiple linear regression and path analysis (SPSS 27). The findings reveal that intellectual capital positively influences Profitability, while firm size and leverage significantly adversely affect Profitability. Intellectual capital and firm size significantly negatively impact firm value, while leverage does not considerably affect firm value. Profitability plays a crucial role in enhancing firm value and effectively mediates the relationships between the three independent variables and firm value. The research implications highlight challenges in communicating or realizing the full value of these intangible assets in the market, as well as indicating that large scale and the utilization of leverage do not always guarantee superior financial performance.
Financial Literacy as a Moderator of the Effects of Fintech Payment, Income, and Hedonic Lifestyle on Impulse Buying among Generation Z Priskila Panjaitan; Anwar Azazi; Ana Fitriana; M. Ridwan Ristyawan; Anggraini Syahputri
Journal of Educational Management Research Vol. 5 No. 2 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i2.2014

Abstract

This study aims to examine the influence of fintech payment usage, income, and hedonic lifestyle on impulse buying behavior among Generation Z, as well as to analyze the moderating role of financial literacy in these relationships. A quantitative approach was employed using a cross-sectional survey design. The sample consisted of 280 respondents selected using the Slovin formula. Data were collected through questionnaires and analyzed using moderated regression analysis with SmartPLS version 4.1.1.6. The results indicate that fintech payment usage, income, and hedonic lifestyle have positive and significant effects on impulse buying behavior. Financial literacy significantly weakens the relationship between hedonic lifestyle and impulse buying. However, it does not significantly moderate the effects of fintech payment usage and income on impulse buying. These findings imply that improving financial literacy can serve as a strategic mechanism to reduce the negative impact of a hedonic lifestyle on impulsive purchasing decisions. The study contributes to the literature on consumer behavior by highlighting the protective role of financial literacy in the digital financial ecosystem and provides practical insights for policymakers and financial educators in designing interventions to promote responsible consumption among young consumers.
Determinant IPO Underpricing in the Post-Pandemic Period: The Effects of Underwriter Reputation Moderation Marselina Selie; Ahmad Shalahuddin; Anwar Azazi; Wendy; Anggraini Syahputri
Journal of Educational Management Research Vol. 5 No. 3 (2026)
Publisher : Al-Qalam Institue

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61987/jemr.v5i3.2327

Abstract

This study aims to examine the effects of firm age, proceeds, market return, and return on assets on IPO underpricing, as well as the moderating role of underwriter reputation. Grounded in signaling theory, information asymmetry theory, and behavioral finance theory, the study explains how company characteristics and market conditions influence investor perceptions and uncertainty before an initial public offering. This research employs a quantitative approach using secondary data obtained from company prospectuses and official economic sources. The data were analyzed using multiple linear regression and Moderated Regression Analysis (MRA), supported by descriptive statistics, classical assumption tests, and robustness testing to address potential heteroscedasticity issues. The findings reveal that firm age has no significant effect on underpricing, whereas proceeds, market return, and return on assets significantly influence underpricing. Furthermore, underwriter reputation is only able to moderate the relationship between firm age and underpricing, while it does not moderate the relationships between proceeds, market return, return on assets, and underpricing. These findings provide empirical implications for understanding the role of company fundamentals, market conditions, and underwriter credibility in shaping IPO underpricing behavior in the post-pandemic capital market environment.