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Pengaruh Tekanan Sosial dan Budaya Organisasi Terhadap Budgetary Slack dengan Religiusitas Sebagai Pemoderasi Rizky Budi Darmawan; Supramono; Indarto
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 6 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i6.7904

Abstract

The problem that arises is Budgetary slack in the DPUPR of Grobogan Regency for the past few years. This can occur allegedly due to social pressure and organizational culture that can influence Budgetary slack. Therefore, from the background above, the author wants to re-examine the influence of social pressure and organizational culture related to budget preparation that creates budget slack. The purpose of this study is to analyze the influence of social pressure and organizational culture related to budget preparation that creates budget slack with religiosity as a moderator. The population used in this study were all employees of the Public Works and Spatial Planning Agency of Grobogan Regency, totaling 86 people. The sample selection used purposive sampling. The sample used was 72 employees of the Public Works and Spatial Planning Agency of Grobogan Regency. The analysis tool used is the quantitative analysis method, namely structural equation modeling. Based on the results of the study, social pressure and organizational culture have a positive and significant effect on Budgetary slack. Religiosity moderates the influence of social pressure and organizational culture on Budgetary slack.
THE EFFECT OF STOCK PRICE FLUCTUATION AND TRADING VOLUME ON STOCK RETURN IN THE BUILDING CONSTRUCTION SECTOR (J211 IDX-IC) WITH STOCK LIQUIDITY AS A MEDIATING VARIABLE Tabitha Frieda Noveline Panjaitan; Supramono; Rohmini Indah Lestari
Jurnal Riset Ekonomi dan Bisnis Vol. 19 No. 2 (2026): AGUSTUS
Publisher : Universitas Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26623/jreb.v19i2.15521

Abstract

This study examines the effect of stock price fluctuation and trading volume on stock return in the building construction sector (J211 IDX-IC), with stock liquidity as a mediating variable. The construction sector plays a strategic role in national development but shows high price volatility and unstable trading activity, exposing investors to elevated risk and warranting empirical testing of the market factors behind fluctuating returns. Using a quantitative panel data regression approach, the study draws on 25 construction issuers listed on the Indonesia Stock Exchange during 2024, selected through purposive sampling based on data completeness, yielding 100 quarterly observations. Stock price fluctuation is proxied by return volatility, trading volume by the log of average transaction value, return by capital gain, and liquidity by the Amihud illiquidity ratio. Following model selection through the Chow and Lagrange Multiplier tests, hypotheses were tested with a Common Effect Model and a causal-step mediation approach. The results show that neither stock price fluctuation nor trading volume significantly affects stock return, and price fluctuation does not significantly affect liquidity, while trading volume significantly improves it. Liquidity fails to mediate either relationship, so construction-sector returns appear shaped more by fundamental and external factors than by technical indicators alone.