Company's Efforts Research Articles

Tax avoidance practices: Effect of environmental, social, and governance, earning management, and company size as moderating variable (Study on LQ45 companies listed in Indonesia stock exchange)

This study examines the effect of environmental, social, and governance factors, earning management, and company size as moderating variables. Tax avoidance (TA) is an action taken by taxpayers to legally avoid taxes that does not violate tax regulations. Taxpayers use TA to reduce their tax liability by taking advantage of loopholes in the tax code. For example, reporting net income is smaller than it actually is. This study investigates the factors that influence tax avoidance. The factors are environmental, social, and governance (ESG) and earnings management (EM), with company size (CS) as a moderating variable. This study employed a quantitative methodology and used secondary data as the data type. The population of study is LQ45 Company for the years 2017-2021. The samples are selected based on some criteria. Based on those criteria, thirty companies were selected for the sample. Multiple linear analysis methods and moderate regression analysis are used in hypothesis testing. The statistical testing of the study found that EM had no impact on TA, while ESG had a considerable beneficial impact on TA. The impact of EM on TA can be both moderated and strengthened by CS, whereas the impact of ESG on TA cannot be. The management decisions made by the business are connected to the ESG activities the business is engaged in. The company's ESG efforts need to be carefully monitored to prevent increased TA tactics.

Assessing Food Safety Risks in Wafer Production

Ensuring food safety and halal compliance is crucial for the competitiveness of food products, especially in Indonesia where issues with unsafe and non-halal food distribution persist. This research investigates the implementation of food safety and halal systems in the wafer production process. Through employee interviews and utilizing the 5W + 1H method, alternative strategies and risk controls are identified. The study reveals that the company's efforts to enhance food safety and halal compliance include implementing the HACCP system and the Halal Product Guarantee System. Observations indicate that continuous monitoring of the HACCP system in the production area is essential for improving food quality and safety. This research bridges a gap in understanding the implementation of food safety and halal systems in the food industry, providing insights for companies aiming to enhance their practices and meet regulatory requirements effectively. Highlights : Investigation into food safety and halal systems in wafer production. Utilization of employee interviews and 5W + 1H method for analysis. Implementation of HACCP and Halal Product Guarantee System to enhance compliance and quality. Keywords : Food safety, halal compliance, wafer production, HACCP system, risk controls

IMPLEMENTASI PROGRAM BINA LINGKUNGAN SEBAGAI STRATEGI PENGELOLAAN TANGGUNG JAWAB SOSIAL PERUSAHAAN: TINJAUAN DARI PERSPEKTIF CSR

ABSTRACT
 Corporate as business entities have obligations in social and environmental responsibility or known as CSR. The community development program is the development of Corporate Social Responsibility (CSR) Implementation which is used as the Company's effort in sustainable development based on the 3P principle; namely Profit, People, and Planet. This study aims to analyze the implementation of the Community Development Program as a strategy in CSR management and analyze the implementation of CSR arrangements in the strategy of managing corporate responsibility in environmental aspects. The method in this study is normative juridical research. with the approach used, namely the Statutory Approach, Conceptual Approach, Case Approach. The implementation of the Community Development program is a strategic step that can have a long-term positive impact on the company. One important aspect of the Community Development Program is its focus on sustainable development. Companies that involve themselves in this activity not only pay attention to the current environmental aspects, but also aim to leave positive for future generations. By adopting eco-friendly practices and sustainability projects, companies can create a sustainable positive impact in the long run. and the implementation of Corporate Social Responsibility (CSR) arrangements in environmental responsibility management is an important step taken by companies to maintain a balance between business sustainability and social and environmental impacts. CSR regulation in environmental responsibility management is not just about complying with regulations or meeting market expectations. but also, as an effort to create long-term value, build strong relationships with stakeholders, and become agents of positive change in society.
 Keywords : Community Development Program, Corporate, Social and Environmental, Responsibility

Pengaruh Kepemilikan Asing, Direktur dan Komisaris Asing Terhadap Penghindaran Pajak dimoderasi oleh Profitabilitas

The purpose of this research is to examine the impact of foreign ownership, foreign directors and commissioners on the company's efforts to avoid tax liabilities, taking into account the role of profitability as a moderating factor. The Data used came from 44 companies in the energy sector listed on the Indonesia Stock Exchange in the period 2020-2022. Sampling was carried out through systematic random methods, and regression analysis with the concept of modernization was used to process the data. The findings of this research illustrate that foreign ownership and foreign directors and commissioners have an impact on tax avoidance practices in the corporate environment. It added that the profitability factor plays a crucial role in regulating the relationship between tax evasion and foreign ownership. In more detail, profitability has the potential to amplify the impact of foreign ownership on tax avoidance practices. On the other hand, the profitability factor also has no effect in moderating the relationship between foreign directors and commissioners against tax evasion practices.

Influence of Green Marketing Strategies on Consumer Behavior

Purpose: The aim of the study was to assess the influence of green marketing strategies on consumer behavior. Methodology: This study adopted a desk methodology. A desk study research design is commonly known as secondary data collection. This is basically collecting data from existing resources preferably because of its low cost advantage as compared to a field research. Our current study looked into already published studies and reports as the data was easily accessed through online journals and libraries. Findings: Research on the influence of green marketing strategies on consumer behavior reveals several key findings. Firstly, consumers increasingly prioritize environmentally friendly products and companies, driven by concerns about sustainability and climate change. Green marketing strategies, such as eco-labeling, eco-packaging, and messaging emphasizing environmental benefits, significantly influence consumer perceptions and purchasing decisions. Studies indicate that consumers are willing to pay a premium for products perceived as environmentally friendly, particularly when accompanied by credible certifications or endorsements. Additionally, consumers tend to exhibit greater brand loyalty to companies perceived as environmentally responsible. However, the effectiveness of green marketing strategies can vary depending on factors such as consumer demographics, product characteristics, and the perceived sincerity of the company's environmental efforts. Overall, the findings underscore the significant impact of green marketing on shaping consumer behavior and highlight the importance for companies to integrate sustainable practices into their marketing strategies to meet evolving consumer preferences and contribute to environmental conservation efforts. Implications to Theory, Practice and Policy: Theory of planned behavior, diffusion of innovation theory and cognitive dissonance theory may be use to anchor future studies on assessing the influence of green marketing strategies on consumer behavior. Businesses should prioritize authentic and transparent green marketing strategies that resonate with consumer values and preferences. Governments and regulatory bodies should enact policies that incentivize and promote green marketing practices among businesses.

CAN EMPLOYEE TURNOVER INTENTION BE MINIMIZED THROUGH JOB SATISFACTION, ORGANIZATIONAL CITIZENSHIP BEHAVIOR AND ORGANIZATIONAL COMMITMENT?

The greater the rate of employee turnover, the more harm it causes the company. Furthermore, there is a direct correlation between worker turnover and the intention to leave. Since the purpose of this research was to investigate employee turnover, the urgency of the issue is the main area of focus because it will obstruct the accomplishment of organizational objective. The purpose of this study is to examine the mediating role of organizational commitment and organizational citizenship behavior on the effect of job satisfaction on turnover intention. The research falls within the explanatory research category and included validation. This study utilised a survey to collect data from a significant portion of the workforce, consisting of 254 employees. The study used a saturated sample of 254 employees. The statistical method known as partial least squares, or PLS, along with the WarpPLS software were used for data analysis. The participants in this study were workers at an Indonesian manufacturer of medical devices. The research findings of this study provide an empirical contribution indicating that organisational commitment and organisational citizenship behaviour are critical components that need to be addressed in the company's efforts to lower the degree of intention to leave. Incorporating employees into decision-making processes can also help to maintain job satisfaction, as evidenced by the fact that such activities lower the intention of employee turnover. Companies should also focus on other factors that contribute to employee job satisfaction, such as clear career paths, appropriate rewards, work support facilities, and one example of good organisational citizenship on the part of employees not taking extra time off.

Peran Penting Work Life Balance dan Kompensasi dalam Employee Retention: Studi Karyawan Generasi Z di Unit Kantor Cabang BRI Lenteng Agung

The company has several aspects to run the Employee Retention program, such as implementing a Work-Life Balance system and providing compensation to employees. The purpose of this research is to analyze the important role of Work Life Balance and Compensation in Employee Retention (Study of Generation Z Employees at BRI Lenteng Agung Branch Office Unit). This research method is quantitative. This research uses interview and observation techniques to solve the problems found. The informants of this research consisted of 2 (two) generation Z employees and 1 (one) supervisor employee. This research data collection technique is by observation and interview. The results of this study are that work-life balance and compensation have an important role in the sustainability of employee retention at the BRI Lenteng Agung branch office unit. The company has implemented a balance of time for work life and personal life for its employees, and the company also provides compensation in accordance with company policy where this has a positive impact on employees and is included in the company's efforts to retain employees. This is supported by the statements of two informants who are generation Z employees and a supervisor who explained that the working hours, workload, and organizational culture as well as the compensation provided by this company are able to make them stay in the position they are currently in, until later they will follow the increase in position or career path in the future.

The Red Queen Effect and how to evade the Red Queen Effect by using Generative AI: Preparing companies for Industry 5.0

The red queen effect is a metaphor used in the business world to describe the unsuccessful efforts of a company to get ahead of its competition. The red queen effect is the need to continually adapt and evolve to maintain relevance in an ever-changing environment. Companies must constantly innovate and find new ways to stay ahead of the competition to ensure their survival and success. Companies typically research or study the competition and then implement strategies to help boost their company sales and profits. This is an effective and practical method of outmaneuvering the competition. While this technique works in theory, companies might not achieve their goals because the competition engages in the same business practice. Despite a company's efforts to surpass the competition, the company does not move forward or grow. The aims of research paper are bifold firstly it attempts to identify the contributions of the RQE theory and secondly to enable corporates to evade the Red Queen Effect by using generative artificial intelligence to be prepared for Industry 5.0.

Towards sustainable management: Exploring the role of internal monitoring in pollution prevention.

Researchers in the field of sustainable management have recently dedicated significant efforts to understand why organizations exhibit diverse responses to environmental responsibilities. Ethical scholars assert that internal management plays a pivotal role in promoting sustainability because of its attitude toward sustainable issues. In alignment with this perspective, our study formulates a framework for internal monitoring that underscores the significance of independent, female, international, and politically connected directors. We investigate how these internal monitors influence a company's commitment to promote sustainable investments for pollution prevention. By employing fixed effect model and generalized method of moments (GMM) on a dataset obtained from the largest emerging market-China over the period 2012 to 2019, our findings indicate that the mentioned monitors demonstrate a stronger commitment to pollution prevention by promoting corporate sustainable investments. In addition, our analysis reveals that when the government withdraws its involvement in enterprises, it has a notable negative impact on the connection between internal monitors and a company's efforts in pollution prevention. Our results imply that implementation of sustainable policies for pollution prevention fundamentally result from not only internal management, but also from powerful stakeholders (like government involvement). Moreover, our study educates the policy makers regarding the social consequences of governmental withdrawal.

Challenges, Practice and Impact of Corporate Social Responsibility on Sustainable Development of Environment and Society

Objective: This research aims to identify the Corporate Social Responsibility challenges and their effects on business, the environment, and society. Methods: Exploratory research is employed in this work using primarysecondary data from journals, magazines, articles, and media reports. Result: The survey indicated that many CSRs struggle with transparency, inequity, consensus, financial resources, community engagement, strategic planning, and bias in their policies, practices, and cultures. Public awareness of corporations and a network of activities were very limited. Conclusion: Corporate social responsibility refers to a company's efforts to evaluate and address the impacts it has on society and the environment. CSR may demonstrate commitment to care for the community by taking steps to reduce waste and pollution and by funding educational and social welfare initiatives. The corporates should understand their role in promoting CSR. The corporates should also organize training, conferences, and seminars to share and produce new knowledge in this field. Substantial financial support and industry-specific research can boost and strengthen the CSR contribution.

Analisis Segmentasi, Targeting, Positioning Dalam Upaya Meningkatkan Minat Beli Produk di Adorable Project Cimahi Jawa Barat

AdorableProject is one of the fashion brands in Cimahi City, West Java that sells women's fashion products, such as footwear, bags and other accessories. AdorableProject has several strategies implemented to increase and expand marketing as well as product buying demand. This study uses qualitative and descriptive methods to find out how the company's efforts in increasing product buying interest with segmentation, targeting and positioning strategies (STP). Based on the results of the study, AdorableProject experienced an increase and decrease in product sales in 2022. The drastic decrease in 2022 occurred in May by 56.92%, this illustrates that the level of product buying interest in AdorableProject is not significant. Determination of segmentation, targeting and positioning. In segmentation analysis, it is formed based on 4 segments, namely geographical segmentation, demographic segmentation, psychographic segmentation, behavioral segmentation. It can determine the target market's goals. Positioning that is formed based on consumer assessment of the marketing mix. Marketing efforts made by the company are by selling products offline. This can increase purchasing interest in the product.

ESG as an Important Factor of Company Profitability and as a Moderation of Corporate Value

Environmental, social, and corporate governance (ESG) aspects are currently one of the important things that investors consider. This is related to the company's efforts to participate in protecting the environment to achieve sustainability. The ESG aspect is expected to be able to increase profitability which later with ESG can also affect company value. The purpose of this study is to analyze whether ESG can affect company profitability and firm value as well as moderate profitability to firm value. Samples were selected using a purposive sampling technique which was then analyzed using linear regression. The research object is a company listed on the Indonesia Stock Exchange from 2016 to 2021 that already has an ESG score, the data of which was obtained from Bloomberg. The results showed that ESG had no effect on profitability and firm value, profitability had a significant effect on firm value, and ESG had not been able to moderate profitability on firm value. The results of this study have implications that ESG aspects need to be aligned with company goals and improvements to all ESG aspects also need to be done. ESG is not only carried out to fulfill regulatory requirements.

Marketing Strategies in Increasing Sales of 136 Roastery & Coffeeshop in East Java

Coffee is a drink that comes from roasted and processed coffee beans, has global appeal with a variety of types, flavors and brewing methods. Coffee beans are obtained from coffee berries that grow mainly in tropical areas, such as Malang City, East Java, which is known for its moderate humidity level and average temperature of 27°C, giving coffee from this area a special taste. With the times, coffee shops have become popular places to enjoy coffee and work. 136 Roastery & Coffeeshop, seeing opportunities in the rapidly growing coffeeshop industry in Indonesia, especially in East Java, decided to invest in a roaster machine. This research is a response to the company's efforts to increase sales using various methods to achieve and increase profits. By facing various obstacles and weaknesses, companies innovate according to current developments to have characteristics that differentiate them from competitors. This research aims to evaluate the strengths and weaknesses of the marketing strategies implemented by 136 Roastery & Coffeeshops in East Java. Qualitative research methods using primary and secondary data, involving interviews and documentation, show that companies can increase sales by implementing marketing strategies using the 7P Marketing Mix and SWOT Analysis.

Analysis of the Association Between Reward and Workplace Spirituality with Employee Performance

It is unique when you want to know the effect of rewards and workplace spirituality on employee performance. Why? Because rewards, in the form of compensation and promotions, are proper if they have an effect on employee performance, but if only in the form of praise, it is not so significant. Likewise, workplace spirituality is very tentative. That is the uniqueness of this research. The object of research is at Waroeng Steak and Shake Yogyakarta. The research was conducted with a quantitative descriptive associative approach. The research instrument was a questionnaire distributed to a total of 120 respondents (employees). The results showed that there was a significant influence on the reward variable (0.580) and workplace spirituality (0.000) on employee performance; with the equation Y = 4.038 + 0.580 X1 + 0.682 X2. Determination (Adjusted R2) is 0.660 or 66%, which indicates that 66% of the value of Y is explained by X1 and X2 and the remaining 44% is explained by other factors. Another finding was that the company's efforts in providing rewards and in creating a spiritual workplace received a positive response from employees.

The Effect of ESG Performance On Firm Value

ESG is an acronym for Environmental, Social and Governance. Its goal is to evaluate the company's efforts to advance social and environmental benefits as well as the quality of corporate governance. Corporate ESG performance is highlighted in both Western and Chinese markets, which has a substantial impact on firm value. This paper selected NIO, a representative company of the Chinese new energy sources automobile industry as a research case to analyze the impacts of its ESG performance on firm value. ESG performance was proven to positively affect company share prices and to both reflect and affect a company's financial performance. Additionally, this report offered suggestions for improving NIO's ESG performance in terms of corporate governance and product quality. This research made a novel suggestion that the effect of ESG on business value depended not only on the firm's own ESG performance but also on the ESG performance of its rival companies.

THE MODERATING ROLE OF ENVIRONMENTAL UNCERTAINTY IN THE EFFECT OF STRATEGIC CHANGE ON FINANCIAL PERFORMANCE

The increasingly competitive environment has led to the reduction of firm performance. Companies are strived to be able to create strategic competitiveness to maintain their competitive advantage, so that firm performance can be maintained. Strategic change is a company effort to adapt in a competitive environment. In addition, changes in the external environment create environmental uncertainty that will worsen firm performance, so strategic change is the primary choice for companies to improve performance when environmental uncertainty increases. This study aims to analyze the effect of strategic change on firm performance, as well as the role of environmental uncertainty in moderating the relationship. Using purposive sampling method, this study uses 503 data of manufacturing companies listed on the Indonesia Stock Exchange during 2016-2020 period. This study uses multiple linear regression analysis and moderated regression analysis as its analysis technique. The results of this study indicate that strategic change has a positive and significant effect on firm performance and environmental uncertainty is able to strengthen this influence.

Circular economy in Singapore: waste management, food and agriculture, energy, and transportation

<abstract> <p>Singapore, as a small but advanced urban economy, has achieved a high-quality living environment and has become an example of a high-density and sustainable city. To maintain that status, Singapore has set a goal of achieving net zero carbon emissions by mid-century and reducing waste sent to landfills by 30% by 2030. To achieve this goal, the Government has laid out a comprehensive plan for implementing a circular economy model across all economic sectors. It includes a set of measures tailored to its unique city-state conditions that will necessarily require the joint effort of authorities, industry, companies, academia, and citizens. This article reviewed and analyzed the strategies and policies that Singapore has devised to implement such a model in four sectors identified as the highest priority by the Association of Southeast Asian Nations Economic Community: waste management, food and agriculture, energy, and transportation. The analysis aimed to provide information to close the gap between aspirations and reality by identifying factors that allow progress toward planned objectives, as well as externalities and barriers that act in the opposite direction. For this endeavor, a gap analysis was carried out to look into the interconnections between the natural environment, regulatory framework and policies, governance, infrastructure, technology and innovation, and societal habits. In general, the institutional framework necessary for the transition into a resilient and resource-efficient nation is already in place, while enforcement and monitoring mechanisms to assess progress are under construction. Singapore has learned how to develop policies that are flexible and can adapt to technological, economic, and social changes, as well as threats posed by climate change, and unexpected challenges. Still, success will be determined by Singaporeans' ability to change their work-life balance paradigm for their own sake and happiness.</p> </abstract>

Employees' positive perceptions of corporate social responsibility create beneficial outcomes for firms and their employees: Organizational pride as a mediator

AbstractWe studied employees' responses to the Corporate Social Responsibility (CSR) program implemented within the Canadian headquarters of a global consumer goods company. Our study is timely since recent studies indicate that employees place more importance on CSR activities when evaluating current or prospective employers. A novel theoretical contribution of our study is that we combine social identity theory and the theory of appraisal of emotions to better understand employee responses. We developed and tested a model that indicates that employees' evaluation and perceptions of the authenticity of their company's CSR efforts can create both firm‐beneficial (loyalty, trust in management, positive word‐of‐mouth) and employee‐beneficial outcomes (job satisfaction, emotional well‐being). The impact of CSR does not result directly—it is mediated by organizational pride. We also collected qualitative data that suggested that the company's CSR initiatives can contribute to employees' sense of meaning of their work. We discuss implications for researchers and managers, as well as limitations of the study.

Green growth in e-commerce : Environmental management and customer actions

The global e-commerce industry has been experiencing rapid growth, especially post COVID-19 pandemic, which has significantly transformed market structures and consumer shopping behaviour. The waste generated and the plastic pollution due to e-commerce is increasing tremendously post pandemic. The surge in e-commerce has contributed to an alarming increase in packaging waste, aggravating the plastic pollution crisis. Research indicates that traditional in-store shopping can substantially reduce CO2 emissions highlighting the environmental impact of online shopping. In response to these challenges, many e-commerce companies are implementing green technologies and sustainable practices to mitigate environmental impacts. However, individual customers also play a crucial role in promoting sustainability in online shopping. By making informed choices, consumers can significantly reduce their carbon footprint and contribute to a more sustainable future. This research explores effective strategies for managing environmental impacts and integrating green technologies in e-commerce operations, emphasizing the collaborative efforts of companies and customers to achieve sustainability. The research reveals that though majority of customers are concerned about environment and sustainability; while shopping they aim to satisfy their immediate needs. Customers have shown willingness to opt for the strategies like concession on returning the packaging, discounted price for less packaging and bulk purchases in a single order if introduced and implemented effectively by e-commerce companies.

Kinerja Keuangan dan Nilai Perusahaan Sektor Farmasi

Companies have goals to be achieved. The company's efforts aim to produce sound financial performance and increase firm value. Many factors can determine the value of a company. This research aims to obtain a depiction of the performance and value of the company. In addition, testing and analyzing the influence of financial performance factors on firm value is also the aim of this study. The research sample is pharmaceutical sector companies listed on the Indonesia Stock Exchange. Secondary data was obtained from financial statements for five years and processed using regression analysis. The results showed that the indicators measuring liquidity, leverage, activity, profitability, and company size contributed to determining firm value. Specifically, the test results show that the ability of pharmaceutical companies to meet current liabilities as the maturity date is a factor determining firm value.