The Impact of Servant Leadership on Financial Performance and Green Performance: The Mediating Role of Organizational Commitment

The purpose of this study was to examine the effect of stock prices and firm size on dividend policy in manufacturing companies in Indonesia. In this quantitative researchinferential statistical analysis was used to test hypotheses. Based on certain criterias, purposive sampling technique was used. The data were taken from the company’s financial statements from 2018 to 2021. The data were analyzed using multiple regression analysis in order to test the research model and the influence between variables. The results showed that the stock price and firm size on dividend policy is a fit research model. Stock prices had a positive effect on dividend policy, whereas firm size had a negative effect on dividend policy. Stock prices had a significant effect on dividend policy,while firm size had a significant effect on dividend policy. The findings in this study showed that the assets of manufacturing companies in Indonesia during 2018 to 2021 experienced fluctuations, this will directly affect the welfare of investors. The importance of this research is to jointly maintain the existence of all manufacturing companies in Indonesia because companies engaged in the manufacturing sector are very influential in the economic sector. Keywords: company size, dividend policy, manufacturing sector company, stock price

This research investigates the intricate relationships among tax compliance, tax avoidance, financial reporting quality, and corporate financial performance in Indonesian manufacturing companies. Employing a quantitative approach, data were collected from 150 companies and analyzed using Structural Equation Modeling with Partial Least Squares (SEM-PLS). The study found robust positive associations between tax compliance and financial reporting quality with corporate financial performance. Furthermore, a nuanced relationship emerged between tax avoidance and financial performance, highlighting the importance of moderation. The empirical findings offer valuable insights for practitioners, policymakers, and academics seeking to understand the dynamics of tax-related activities and financial outcomes in the Indonesian manufacturing sector.

The purpose of this research is to examine the effect of macroeconomic variables in the form of economic growth, inflation, exchange rates, interest rates, and the money supply on Foreign Direct Investment in the manufacturing industry sector in Indonesia and see whether the presence of the Covid -19 pandemic has affected FDI in the manufacturing sector in Indonesia. Indonesia in the short and long terms. This research was conducted for 13 years every quarter, starting in 2010-2022, because, since 2010 until now, the manufacturing sector has made the most significant contribution to Indonesia's GDP. This study was analyzed using Autoregressive Distributed Lag (ARDL) with a dummy variable. The research results show that short-term economic growth increases FDI in Indonesia's manufacturing sector. The variables of inflation, interest rates, total money in circulation, and the COVID-19 pandemic have implications for reducing FDI flows in the manufacturing sector in Indonesia. Meanwhile, the exchange rate does not significantly affect FDI in Indonesia's manufacturing sector. In the long term, economic growth and inflation variables increase the flow of FDI in the manufacturing sector. Interest rates have had the effect of reducing FDI flows in Indonesia's processing industry sector. Meanwhile, the exchange rate, total money in circulation, and the COVID-19 pandemic have no long-term impact on FDI in Indonesia's manufacturing industry sector in the long term.

This study aims to examine the impact of supply chain integration, supplier collaboration, and quality management on the performance of manufacturing companies in Indonesia, with a particular focus on companies located in West Java. A survey was conducted on 150 manufacturing companies, and the data were analyzed using quantitative methods. The results showed that these three factors positively and significantly impacted the company's performance. In particular, supply chain integration substantially affects company performance, followed by supplier collaboration and quality management. These findings have important implications for supply chain management practices in Indonesia's manufacturing sector.

This study investigates the factors influencing the success of cloud-based Enterprise Resource Planning (ERP) implementation in manufacturing companies in Indonesia. Using a quantitative approach, data were collected from 100 respondents directly involved in ERP implementation, including IT personnel, system users, and project managers. The study examines four key variables: top management support, user competence, system quality, and vendor support. Data were analyzed using SPSS version 25 through descriptive statistics, validity and reliability testing, and multiple linear regression analysis. The results show that all four variables significantly affect the success of ERP implementation, with top management support being the most dominant factor. These findings underscore the importance of strategic leadership, employee preparedness, system reliability, and vendor collaboration in ensuring the effectiveness of cloud-based ERP systems in Indonesia's manufacturing sector.

This study aims to examine the impact of financial management practices on the performance of firms operating in the manufacturing sector in Indonesia. In this study, we collected data from a number of manufacturing companies in Indonesia and analyzed the relationship between financial management practices and key performance indicators such as profitability, liquidity, and solvency. The findings of this study indicate that effective financial management practices have a positive impact on the performance of companies in the manufacturing sector in Indonesia. Disciplined and measurable budgeting practices have been shown to significantly contribute to increased profitability. Careful and regular financial analysis also helps companies identify performance trends, measure operational efficiency, and make better decisions. Furthermore, efficient working capital management practices have a positive impact on the liquidity of companies. Companies that are able to manage inventory effectively and implement prudent credit policies tend to have healthy cash flow and avoid liquidity problems. Additionally, making smart investment decisions based on thorough analysis also contributes to improved solvency. Companies that carefully consider risks and potential returns in investment decision-making have a healthier capital structure and are better able to meet their financial obligations. The findings provide a better understanding of the importance of effective financial management practices in enhancing the performance of companies in the manufacturing sector in Indonesia.

PurposeThe purpose of this study is to examine the effect of the religiosity of the chief executive officer (CEO) on Indonesian banks’ performance.Design/methodology/approachThe research method used was a review of the annual reports of banking companies in Indonesia from 2015 to 2019 and a web-based search to determine the religiosity of the CEOs. This study comprised 88 banking companies in Indonesia that come under the supervision of the Financial Services Authority.FindingsThe results of this study show that banks led by religious CEOs had better financial performance, as measured by their ROA and ROE, than those led by not very spiritual CEOs. These results indicate the importance of religiosity in organizations, especially at the top management level, for achieving better bank performance.Practical implicationsThis research results show that religiosity plays an essential role in the banking business sector. This research adds to the literature on CEOs’ characteristics based on their religiosity and the concomitant effect on banking performance.Originality/valueThis study shows how individual religious beliefs influence the corporate behavior of top management, particularly the CEOs, and why this is crucial for organizational decision-making. This study measures an individual's religiosity (i.e. a CEO) based on that individual's actions in their workplace environment.

In today’s competitive corporate world, financial performance of a company becomes an essential part in determining the company’s sustainability in a long run. However, stakeholders do not only focus on the financial determinants that made up a company’s financial performance as awareness on human rights along with the environmental-friendly products and community activities done by the company are also on a lookout. Moreover, in a developing country with such volatile economy like Indonesia very little research has been done regarding the influence of corporate’s financial performance. The objective of this research is to analyze the influence of corporate social activities dimensions denoted as community involvement disclosure, employee relation disclosure, environment disclosure, and product disclosure as well as leverage, debt ratio, sales growth and firm size to support the possible financial determinants to corporate financial performance in Indonesia’s listed nonfinancial companies. Population in this research is all listed nonfinancial companies in Indonesia Stock Exchange during 2011 to 2015. Samples are obtained through purposive sampling method, in which 169 listed nonfinancial companies in Indonesia Stock Exchange met the sampling criteria resulting in 845 data available as sample. Multiple linear regressions and hypothesis testing are used as the data analysis method in this research. The result of this research shows product disclosure and debt ratio are statistically influencing corporate financial performance of listed nonfinancial companies in Indonesia. In contrary, community involvement disclosure, employee relation disclosure, environment disclosure, leverage, sales growth and firm size do not statistically influence the corporate financial performance of listed nonfinancial companies in Indonesia during the research period.

A lot of scholars across the globe have attempted to investigate the effects of board diversity towards firms’ financial performance and yielded inconclusive results. In this paper, the author aims to discover the effects of one of the board diversity attributes on firms’ financial performance in Indonesia, namely age diversity (measured by standard deviation) as well as the variables surrounding the board members' ages (average age and the presence of millennials). Purposive sampling method is used to select the research sample, which resulted in 41 companies which are listed in the ESG Sector Leaders IDX KEHATI index. The time frame of the observation is from 2018 to 2022. By using panel data regression, the author finds out that age diversity on BOC has a positive relationship with ROA, average age of BOC has a negative relationship with ROE, while the presence of millennials on BOD & BOC combined has a positive relationship with ROA. The negative association between average age and ROE indicates that boards with a younger average age outperform boards with an older average age. However, interestingly, the board members' age does not have any significant effect on the financial performance indicator which reflects the market perspective as measured by Tobin's Q.

The manufacturing sector listed on the Indonesia Stock Exchange (IDX) has experienced a decline in performance that could be attributed to its ownership structure. Besides, Indonesian manufacturing companies rank highly among foreign debt borrowers, with a total debt of US$ 392.6 billion, as reported by Bank Indonesia's Foreign Debt Statistics (SULNI) emphasizing the importance of analyzing their capital structure to understand their financial health, as it is influenced by their debt and capital holdings. This study aims to thoroughly examine the pivotal roles of ownership structure and capital structure in shaping the future trajectory of companies in Indonesia's manufacturing sector, with a specific focus on how their financial decision-making affects their performance. This study analyzed data from 97 listed companies on the IDX over five years (2017-2021) using a statistical method called panel regression. The findings indicate that the way a company is owned does not significantly influence its performance. However, the study does uncover that capital structure, measured by DAR, negatively impacts ROA without affecting ROE. On the other hand, the capital structure measured by DER negatively impacts ROE without affecting ROA. Firm size plays a significant and positive role in influencing company performance as a control variable.

This study investigates the effect of financial performance, risk, and liquidity on firm value in the manufacturing sector in Indonesia. Using a sample of 60 manufacturing companies listed on the Indonesia Stock Exchange, the research employs a quantitative approach with data analyzed through SPSS version 26. Financial performance was measured by Return on Assets (ROA), risk by Debt-to-Equity Ratio, and liquidity by Current Ratio. The Price-to-Book Ratio represented firm value. The results reveal that financial performance and liquidity have a significant positive effect on firm value, while risk has a negative effect. These findings suggest that manufacturing companies in Indonesia can enhance their market value by improving profitability and liquidity while effectively managing financial risk.

Growth in Indonesia's manufacturing sectors: Urban and localization contributions

The purpose of this study was to measure, analyze and explain (1) the influence of Servant Leadership on Organizational Citizenship Behavior (OCB) of the Supervisor of the Infrastructure Project Manager in Tojo Una-Una Regency; (2) the influence of HR Competence on Organizational Citizenship Behavior (OCB); (3) the effect of Organizational Commitment on Organizational Citizenship Behavior (OCB); (4) the influence of Organizational Citizenship Behavior (OCB) on Performance; (5) the influence of Servant Leadership on Supervisory Performance; (6) the influence of HR Competence on Supervisory Performance; (7) the effect of organizational commitment on supervisory performance; (8) Influence of Servant Leadership on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable; (9) The influence of HR competence on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB); and (10) the effect of organizational commitment on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB). This research is classified as an Explanatory or Confirmatory Research type. The data analysis method used the Structural Equation Model (PLS-SEM). The number of samples is 144 respondents. The results of the analysis show that (1) Servant Leadership has a significant effect on Organizational Citizenship Behavior (OCB); (2) HR competence has a significant effect on Organizational Citizenship Behavior (OCB). (3) Organizational Commitment has a significant effect on Organizational Citizenship Behavior (OCB). (4) Organizational Citizenship Behavior (OCB) has a significant effect on Supervision Performance (KP). (5) Servant Leadership has a significant but negative direction on Supervision Performance; (6 HR competencies have a significant effect on supervisory performance; (7) organizational commitment has a significant effect on supervisory performance; (8) Servant Leadership has a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variables; (9) HR competencies have a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable, and (10) Organizational commitment has an effect but not significant on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable. (5) Servant Leadership has a significant but negative direction on Supervision Performance; (6 HR competencies have a significant effect on supervisory performance; (7) organizational commitment has a significant effect on supervisory performance; (8) Servant Leadership has a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variables; (9) HR competencies have a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable, and (10) Organizational commitment has an effect but not significant on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable. (5) Servant Leadership has a significant but negative direction on Supervision Performance; (6 HR competencies have a significant effect on supervisory performance; (7) organizational commitment has a significant effect on supervisory performance; (8) Servant Leadership has a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variables; (9) HR competencies have a significant effect on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable, and (10) Organizational commitment has an effect but not significant on supervisory performance mediated by Organizational Citizenship Behavior (OCB) variable. (7) Organizational commitment has a significant effect on Supervision Performance; (8) Servant Leadership has a significant effect on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB); (9) HR competence has a significant effect on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB); and (10) Organizational commitment but not significant effect on the performance of supervision mediated by the variable Organizational Citizenship Behavior (OCB). (7) Organizational commitment has a significant effect on Supervision Performance; (8) Servant Leadership has a significant effect on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB); (9) HR competence has a significant effect on supervisory performance mediated by the variable Organizational Citizenship Behavior (OCB); and (10) Organizational commitment but not significant effect on the performance of supervision mediated by the variable Organizational Citizenship Behavior (OCB).rotocols provide defined and direct mixing aliquots to be used in PCR mixtures for good amplification outcomes when working with DNA of varying concentrations.

This study investigates the impact of work-life balance (WLB) and pro-environmental behavior (PEB) on sustainability outcomes in Indonesia's manufacturing sector. As sustainability becomes increasingly important within industrial settings, understanding the role of human-centric factors like WLB and PEB can offer unique insights into achieving sustainable practices. Data were collected from 278 employees across the top four manufacturing companies in Indonesia. Using Structural Equation Modeling (SEM) via LISREL, the study demonstrates that both WLB and PEB significantly contribute to perceived sustainability outcomes. The results indicate that employees who experience a healthy work-life balance are more likely to engage in behaviors that support environmental initiatives, ultimately enhancing organizational sustainability. These findings suggest that promoting a supportive work environment and encouraging eco-friendly behaviors can facilitate sustainable business practices. The study’s implications highlight the importance of integrating employee well-being into sustainability strategies within manufacturing industries, providing actionable recommendations for managers and policymakers aiming to foster sustainable development.

This study aims to measure the impact of enterprise risk management (ERM) to improve firm performance in manufacturing companies in Indonesia. This study also examines the role of strategic renewal in ERM's influence on firm performance. The AMOS application's SEM analysis technique was used to evaluate the research model used in this study. Data from 207 different firms in Indonesia's manufacturing sector were obtained. The originality of this research is adding strategic renewal as a mediating variable that has not been widely used in previous research in analysing the relationship between the ERM and firm performance. The study's results show empirical evidence that internal resources in the form of ERM significantly affect firm performance. Additionally, according to the research findings, strategic renewal is the best way for businesses to deal with environmental uncertainty and dynamic changes. Companies are expected to have adequate resources, but they also need to make changes and implement strategies to turn those resources into better performance.