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TRANSFORMATIONAL LEADERSHIP, ORGANIZATIONAL CULTURE, AND EMPLOYEE PERFORMANCE: THE MEDIATING ROLE OF WORK MOTIVATION IN INDONESIAN MANUFACTURING FIRMS Lilis Sulastri; Iman Supratman; Neli Yuliyani; Kadar Nurjaman; Muhammad Aditya Lanika
Gunung Djati Conference Series Vol. 56 (2025): Seminar Nasional Ekonomi dan Bisnis Islam
Publisher : UIN Sunan Gunung Djati Bandung

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Abstract

This study examines the direct and indirect effects of transformational leadership and organizational culture on employee performance, mediated by work motivation, in the context of manufacturing firms in Indonesia. A quantitative, cross-sectional survey design was employed, involving 250 employees from medium- to large-scale manufacturing companies in West Java. Data were analyzed using the Structural Equation Modeling-Partial Least Squares (SEM-PLS) technique. The findings indicate that transformational leadership and organizational culture have significant positive effects on work motivation and employee performance. Moreover, work motivation mediates the relationship between both independent variables and employee performance. This research contributes to the existing literature by integrating leadership and organizational culture perspectives into a single model mediated by motivation, particularly in a developing country context. The practical implication of this study is that manufacturing firms should invest in leadership development programs and foster a supportive culture to enhance employee performance through improved motivation.
THE EFFECT OF CAPITAL STRUCTURE, LIQUIDITY, AND PROFITABILITY ON FIRM VALUE: EVIDENCE FROM CONSUMER NON-CYCLICALS COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE Lilis Sulastri; Iman Supratman; Devani Ainun Pradiva; Ruhenda; Neli Yuliyani
Gunung Djati Conference Series Vol. 56 (2025): Seminar Nasional Ekonomi dan Bisnis Islam
Publisher : UIN Sunan Gunung Djati Bandung

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Abstract

This study examines the effect of capital structure (Debt-to-Equity Ratio), liquidity (Current Ratio), and profitability (Return on Assets) on firm value (Price-to-Book Value) in consumer non-cyclicals companies listed on the Indonesia Stock Exchange (IDX). Using the latest publicly available financial statements, we conducted an Ordinary Least Squares (OLS) regression. Results show that profitability has a significant positive effect on firm value, capital structure has a positive but marginal effect, and liquidity has a negative but insignificant effect. The findings support the Trade-Off Theory, Agency Theory, and Resource-Based View, highlighting profitability as the most influential factor in determining firm value. Using a cross-sectional sample of seven leading companies in the sector, we employ Price-to-Book Value (PBV) as the proxy for firm value, Debt-to-Equity Ratio (DER) for capital structure, Current Ratio (CR) for liquidity, and Return on Assets (ROA) for profitability. The results, based on Ordinary Least Squares regression, indicate that profitability has the strongest positive relationship with firm value, capital structure exhibits a positive relationship, and liquidity shows a negative association. However, due to the small sample size, the relationships are not statistically significant. The findings offer preliminary evidence and implications for managerial policy and investment analysis in Indonesia’s consumer goods sector.
THE ROLE OF FINANCIAL LITERACY AND EMPLOYEE COMPETENCE IN BUDGET MANAGEMENT EFFICIENCY: AN EMPIRICAL STUDY ON PRIVATE HIGHER EDUCATION INSTITUTIONS IN INDONESIA Iman Supratman; Dewi Kurniasari; Dewi Sinta; Aliyyu Aziiza Rochmana; Lilis Sulastri
Gunung Djati Conference Series Vol. 56 (2025): Seminar Nasional Ekonomi dan Bisnis Islam
Publisher : UIN Sunan Gunung Djati Bandung

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Abstract

This study investigates the influence of financial literacy and employee competence on budget management efficiency in private higher education institutions in Indonesia. The research employs a quantitative approach with a survey of 120 administrative and financial staff across 15 institutions. Data were analyzed using multiple regression analysis. The results indicate that both financial literacy and employee competence have a significant positive effect on budget management efficiency. These findings suggest that enhancing employees’ financial knowledge and professional skills can substantially improve financial management practices in higher education institutions. Implications for human resource development and financial policy are discussed. The efficiency of budget management is a critical factor determining the operational and strategic success of higher education institutions (HEIs), particularly in the private sector where financial resources are often constrained. This study explores the impact of financial literacy and employee competence on the efficiency of budget management in private HEIs in Indonesia. Drawing on a survey of 120 financial and administrative staff across 15 institutions, this research employs multiple regression analysis to examine the relationships between the variables. Results reveal that financial literacy significantly enhances employees’ ability to plan, monitor, and control budgets, while employee competence including knowledge, skills, and problem-solving abilitiesalso plays a vital role in achieving efficient budget management. The findings underscore the importance of integrating human resource development initiatives with financial management strategies to improve institutional performance. These results contribute to the growing body of knowledge on the interrelation between financial management and human resource competence in higher education, providing practical guidance for policy and managerial decisions.
The Effect of Leverage, Firm Size, and Asset Turnover on Revenue Growth in Automotive Sector Companies Listed on the Indonesia Stock Exchange for the 2020–2024 Period Muhammad Baihaqi; Fithri Dzikrayah; Iman Supratman
Indonesian Journal of Economics and Management Vol. 6 No. 1 (2025): Indonesian Journal of Economics and Management (November 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ijem.v6i1.6799

Abstract

The COVID-19 pandemic caused a drastic decline in vehicle sales in Indonesia by 48.5% in 2020, accompanied by technological transformation towards electrification that required automotive companies to adapt quickly. This study analyzes the effect of leverage, firm size, and asset turnover on revenue growth in six automotive companies listed on the Indonesia Stock Exchange for the period 2020-2024. Using panel data regression analysis with a Fixed Effects Model, this study found that leverage had no significant effect (coefficient = -0.001312; p = 0.9008), while firm size (coefficient = 0.990886; p = 0.0000) and asset turnover (coefficient = 1.106046; p = 0.0000) had a positive and highly significant effect on revenue growth. Simultaneously, all three variables have a significant effect with an R-squared of 99.57% (F-statistic 607.4727; p=0.0000). These findings indicate that operational efficiency and business scale are key determinants of revenue growth for automotive companies amid industry disruption.