Manufacturing Companies In Indonesia Research Articles

The influence of new leadership styles on employee performance in an automotive industry of Indonesia

Organizations began adapting to remote working patterns in the early pandemic, while human resource management faces new challenges in adapting to these changes. Leadership is the key to maintaining and improving employee job performance. Therefore, this study aims to find effective new leadership styles for adapting to the new work era. The paper analyzed employee perceptions of the leadership style (transformational, servant, and empowering) and measured their effects on employee job performance in current conditions. The survey was conducted online among 387 employees who had worked for at least five years and at least two years had worked virtually in an automotive manufacturing company in Indonesia that had implemented a virtual work pattern for most of its employees. Then, the data were processed using SEM Amos 25.0. Subsequently, the results showed that employee job performance has two critical dimensions, courtesy and sportsmanship, and is positively and directly influenced by the new leadership style. This study found an effective new leadership style for virtual leadership in the automotive industry with nine dimensions: openness, orientation to problem-solving, freedom at work, inspirational motivation, intellectual stimulation, individualized consideration, coaching, participatory decision-making, and showing concern. The contribution of this study for organizational managers is as a soft reference for functional leadership competencies during the new work period and a new reference for leadership science in human resources management.

Board Diversity Index on Performance of Indonesian Manufacturing Companies: Moderating Role of Family Ownership

Board Diversity Index on Performance of Indonesian Manufacturing Companies: Moderating Role of Family Ownership

ANALYZING AND IMPLEMENTING AN IN-HOUSE CLINIC MANAGEMENT SYSTEM FOR PT. XYZ

<strong>As one of the largest manufacturing company in Indonesia, PT. XYZ employs thousands of workers and staff, this has led to PT. XYZ is responsible for organizing and recording these thousands of workers and staff from PT. XYZ. Therefore, the In-House clinic of PT. XYZ must have all medical facilities requested by PT. XYZ to monitor the health of its workers. Therefore, a good management must be implemented to record and report all medical activities. This thesis will discuss the development of a Medical Management System to manage several aspects of a medical activity and follow the business needs of the PT. XYZ. Some aspects that will be regulated by this system management are: medical activity records, medical result documents, and data reports. This Management System will help PT. XYZ from the aspects already mentioned.</strong>

Impact of Carbon Emission Disclosure and Corporate Social Responsibility on Indonesian Manufacturing Companies

This study aims to examine the effect of carbon emission disclosures (CED) and corporate social responsibility (CSR) on the financial performance of manufacturing companies in Indonesia. The research utilizes secondary data extracted from the financial statements and annual reports of companies listed on the Indonesia Stock Exchange (IDX) during the period from 2017 to 2019. The analysis employs multiple regression panel data using SPSS software to assess the relationships between variables. These findings contribute to the understanding of the relationship between environmental disclosure, corporate social responsibility, and financial performance in the context of manufacturing companies in Indonesia. The negative impact of carbon emission disclosure on financial performance highlights the importance of managing and reducing carbon emissions to enhance financial outcomes. Additionally, the non-significant effect of CSR on financial performance suggests that other factors might have a more significant influence on companies' financial success. Furthermore, when considered simultaneously, both carbon emission disclosure and corporate social responsibility demonstrate an influence on financial performance.

Firm Performance: The Role of Determinant Variables Water Awareness, Intellectual Capital, and Corporate Social Responsibility

Purpose: This study aims to investigate of firm's performance through water awareness, intellectual capital, and corporate social responsibility. Theoretical framework: The main goal of the signaling theory by Spence (2002) is to reduce the information asymmetry between two parties. Research by Ericson and Call (2008), Shabaati et al. (2010), Helena, Pedro, and Jardon (2010), and others have demonstrated that intellectual capital has a favorable impact on performance. Clacher, Hagendorff, Jo, and Harjoto (2012), as well as Ameer and Othman (2012), discovered a beneficial relationship between CSR and a company's financial performance. Design/methodology/approach: The present study was conducted on 21 manufacturing companies in Indonesia with a total of 106 samples. The data of the present study were financial reports and sustainability reports which were obtained from the Indonesian stock exchange website and each company's website during the period 2015-2019 by using purposive sampling techniques and multiple linear regression methods. Findings: The findings revealed that water awareness and corporate social responsibility affect company performance, but not the firm’s intellectual capital. However, a firm's sustainability is empirically proven to affect company performance. Research, Practical & Social implications: This study is useful for managers to examine the effectiveness of water awareness and sustainability practices including intellectual capital towards the company's performance. Originality/value: The value of the study is useful for managers to examine the affect company performance, but not the firm’s intellectual capital. However, a firm's sustainability is empirically proven to affect company performance. This measurement of firm’s sustainability model will be very useful for decision makers and policy makers.

SUPPLY CHAIN PERFORMANCE MEASUREMENT USING SCOR 12.0 IN SPORT SHOES COMPANY

A manufacturing company in Indonesia creates sports shoes under the particular brand is still having trouble with a number of issues, including late raw material deliveries from suppliers, production that falls short of expectations, and delayed product delivery to customers. The performance of the supply chain must therefore be measured. The study assesses the importance of supply chain performance within the organization and offer recommendations for improvement to raise supply chain performance within the organization. Analytical Hierarchy Process (AHP) and Supply Chain Operation Reference (SCOR) 12.0 are used to gauge supply chain performance. The outcomes revealed that supply chain performance’s value at 77,539. Improvements are required to increase the company's supply chain performance because three KPIs have low weights, the percentage of orders for raw materials that are delivered on time, the price of purchasing raw materials, and the cost of returning item. Corrective actions carried out by the company include arranging materials neatly in the warehouse, providing sufficient lighting, maintaining air humidity, keeping hands clean when holding shoes, checking glue on the upper shoes so that open bonding does not occur, giving penalties to suppliers who are late, and giving training to reduce material damage.

Dividend Policy in Indonesian Manufacturing Companies: Profitability, Liquidity, and Growth with Independent Commissioners as Moderators during Covid-19

Dividend Policy in Indonesian Manufacturing Companies: Profitability, Liquidity, and Growth with Independent Commissioners as Moderators during Covid-19

ANALISIS PENGARUH PENERAPAN ERP DALAM MENINGKATKAN KINERJA SUPPLY CHAIN MANAGEMENT PADA PT INDOFOOD CBP SUKSES MAKMUR Tbk.

PT. Indofood is one of the largest food product manufacturing companies inIndonesia. This article discusses the ERP system used by PT. Indofood to improvetheir supply chain management performance as well as their operationalperformance. The method used in this study is qualitative, in which the data issought from valid sources and references and has been studied previously. Theresult of this research is the ERP system used by PT. Indofood can improveoperational performance as well as performance of existing supply chainmanagement.Keyword: ERP System, Foods, Indofood, Supply Chain Management

Earnings Quality: An Analysis of Indonesia Manufacturing Companies with Dividend Policy as a Moderating Variable

This study aimed to examine the factors that influenced earnings quality in manufacturing sector companies listed on the Indonesia Stock Exchange for the 2018-2020 period. Earnings quality is the ability of company-generated profit information to influence the decisions of financial statement users. Earnings information is used as a basis for consideration in making decisions so companies are required to provide quality earnings information. Earnings quality in this study was measured by the Earnings Response Coefficient (ERC). ERC is a measure of the magnitude of the abnormal return of a stock in response to unexpected earnings reported by the company. In this study, the factors that were predicted to affect ERC were profitability, leverage, firm size, and liquidity with dividend policy as a factor that could moderate the relationship with ERC. Based on the results, it can be concluded that profitability, firm size, and liquidity had a significant positive effect on earnings quality (ERC), with dividend policy as a moderating variable. Meanwhile, leverage (DER) had no effect on earnings quality with dividend policy as a moderating variable. Keywords: dividend, earnings response coefficient, leverage, profitability, size

Accounting information in improving corporate values and responsibility to stakeholders in cement manufacturing companies in Indonesia

The study looked at manufacturing cement as an object of research. Reasons why the cement industry go the public is: 1). Manufacturing companies Cement is still very little that goes public in Indonesian; 2). Cost of goods calculation production at more manufacturing companies complex when compared to service companies. The purpose of this study is to determine the effect of cost accounting information on the improvement of corporate value and responsibility to stakeholders, in the cement industry companies listed in Indonesia Stock Exchange (BEI) period 2017-2022. Data analysis techniques using simple linear regression analysis product correlation moment for causality test and comparative analysis k one way ANOVA independent sample for comparative test, with 5% significance level. The results showed that the cost accounting information, which is realized in the calculation of cost of goods manufactured significantly affects the increase of company value. Increased corporate value significantly influences the company's ability to fulfill its responsibilities to stakeholders, such as paying dividends to shareholders, borrowing interest expenses to creditors, hiring employees, and paying taxes to the government. This study also concludes that there are differences in firm size, dividend payout, tax burden, interest expense on cement the company goes public in Indonesia, while the salary load is not significantly different.

How Human Capital, Hope, and Work Engagement Drive Task Performance

This study aims to examine the direct effects of human capital, hope, and work engagement on task performance. A sample of 183 employees from an Indonesian manufacturing company was randomly selected to participate in a questionnaire-based study. The path analysis method using multiple regression was employed to test the proposed model. The findings show that human capital, hope, and work engagement have a significant positive impact on task performance. Additionally, human capital and hope were found to be positively associated with work engagement. The study contributes to the existing literature by focusing on the employees' perspective and highlighting the importance of work engagement in improving task performance. The research also fills a gap in the literature by specifically examining the views of manufacturing employees. The results have implications for human resource managers in the manufacturing industry, providing a new dimension to the debate on task performance. This study is the first to demonstrate that work engagement has a direct effect on task performance and that human capital and hope are key factors in promoting work engagement. Overall, the study provides a valuable contribution to understanding how organizational behavior variables impact task performance in the manufacturing industry.

Karakteristik Dewan terhadap Struktur Modal dan Dampaknya terhadap Nilai Perusahaan Manufaktur Syariah

Capital structure and firm value have long been developed by a large number of researchers, but no agreement has been reached. One of the keys to optimizing organizational resources is board diversity. Having a well-diversified board influences company performance. An independent and effective board increases the quality and quantity of information provided by insiders to the public and therefore reduces adverse selection costs. This study aims to determine the effect of board characteristics on the capital structure of Islamic manufacturing companies in Indonesia and their impact on firm value. The analytical method used is multiple linear regression using panel data. The independent variables analyzed in this study are the number of directors, the number of commissioners, the number of independent commissioners, and the number of female directors, while the dependent variable is leverage as measured using the debt to asset ratio, which is then tested again on firm value as the dependent variable. as measured using Tobin's Q. The research results show that the number of the Board of Directors has no effect on the capital structure, the number of the Board of commissioners has a positive and significant effect on the capital structure, the number of independent commissioners has an effect positively and significantly to capital structure, the number of female board of directors has a negative and significant effect on capital structure, and capital structure has a positive effect on firm value.

Foreign Ownership, Free Cash Flow, and Assets Utilization of Manufacturing Industry

Purpose : This study aims to examine the effect of moderating role of foreign ownership in the relationship between net profit margin and free cash flow on assets utilization in Indonesian manufacturing companies.
 Method : Net profit margin and free cash flow act as independent variables while assets utilization is the dependent variable and foreign ownership is the moderating variable. The research sample was determined using a purposive sampling approach with several criteria as the basis for determining it. Observations in this study were conducted from 2018 to 2020, manufacturing companies listed on the Indonesian Stock Exchange were the focus of this study. 36 companies were selected as samples with 108 observations. Testing the research hypothesis was conducted by using Moderated Regression Analysis (MRA).
 Findings : The results of the tests showed that asset utilization was positively and significantly impacted by Net Profit Margin and Free Cash Flow. Additionally, foreign ownership was insignificant in strengthening the effect of net profit margin and free cash flow on asset utilization.
 Novelty : The study specifically focused on foreign ownership, while previous research was based on structure ownership as a whole.
 Keywords : Assets Utilization; Foreign Ownership; Free Cash Flow; Net Profit Margin

Determinants of Integrity of Financial Statements in Indonesian Manufacturing Companies

Determinants of Integrity of Financial Statements in Indonesian Manufacturing Companies

Determinants of Integrity of Financial Statements in Indonesian Manufacturing Companies

This study aims to analyze the effect of Institutional Ownership, Leverage, and Company Size on the Integrity of Financial Statements either partially or simultaneously. The population used in this study are all manufacturing companies listed on the Indonesia Stock Exchange (IDX) research for three years, from 2019 to 2021. The sampling method in this study was carried out by using the simple random sampling method and obtaining 65 companies; with a 3-year observation, the total sample size is 195 sample data. The research method used is a causal model research. The type of data used in this research is secondary data. The data analysis method used in this study is multiple linear regression analysis. The results of this study indicate that Institutional Ownership, Leverage, and Company Size positively affect the Integrity of Financial Statements.

Green human resource management, green supply chain management, green lifestyle: Their effect on business sustainability mediated by digital skills

Purpose: This study aims to empirically test and analyze the role of Green Human Resource Management (GHRM) and Green Supply Chain Management (GSCM) and Green Lifestyle on business sustainability mediated by digital skills.Design/Methodology: This study involved logistics managers at manufacturing companies in DKI Jakarta and West Java, Indonesia. It is because these two provinces have the largest manufacturing companies in Indonesia. From a late survey, the researchers obtained data from 250 questionnaires that were distributed. Then from all the data, there were 218 data that could be processed for further analysis. This study utilized the Structural Equation Model (SEM) analysis technique with AMOS 24 software in the data testing process.Findings: This study has confirmed a number of findings including: With the current COVID-19 Pandemic, Green Human Resources Management (GRHM) and Green Supply Chain Management (GSCM) are needed in Business Sustainability. GSCM has a positive effect on Business Sustainability (BS). Indonesia is also facing a revolution of 4.0 and 5.0, and Green Human Resources Management (GHRM) practice has an influence on BS and is deemed having significant and positive effect. In addition, manufacturing companies support the practice of green environment so that Green Supply Chain Management (GSCM) practice needs Digital Skill (DS) in enhancing its performance. Also, it has been proven in this research that GSCM has positive and significant effect. Digital Skill (DS), however, has no direct effect on Business Sustainability (BS).Research Limitation/Implications: This study focuses on the scope of green human resource management, green supply chain management, and green lifestyle and their impact on business sustainability mediated by digital skills. The next study is expected to examine the concept of green human resource management in service companies in order to obtain unique findings and confirm the relevance of the green human resource management concept in various business phenomena.Originality/value: This study explains the concept of Green Human Resource Management (GHRM), Green Supply Chain Management (GSCM) and Green Lifestyle (GL) towards Business Sustainability (BS) which is a different concept from the concept of Human Resource Management (HRM) implemented in manufacturing companies. In addition, this study discusses the green supply chain in its influence on business sustainability. Also, this study explains the role of the concept of Digital Skills (DS) in influencing Business Sustainability (BS).Practical and Social Implication: This study is expected to be a reference for practitioners, especially in the fields of Green Human Resource Management (GHRM), Green Lifestyle (GL), and Green Supply Chain Management (GSCM) in improving Business Sustainability (BS). Furthermore, the concept of green human resource management can be used by organizations as an effective alternative to increase responsibility in increasing business sustainability. Digital skills have a very significant role in implementing the research model.

The Influence of Ownership Structure and Board Structure on Corporate Social Responsibility in Manufacturing Companies in Indonesia

The Influence of Ownership Structure and Board Structure on Corporate Social Responsibility in Manufacturing Companies in Indonesia

Cash Holding, Leverage, Political Connections, and Earnings Quality:The Moderating Role of Corporate Social Responsibility

This study aims to examine the influence of cash holding, leverage and political connections (CSR) on earnings quality. In addition, the moderating role of corporate social responsibility in the relationship between the variables also examined. Data were collected from financial statements and sustainability reports of Indonesian manufacturing companies, listed on the Indonesia Stock Exchange (IDX). Data were derived from the Indonesian stock exchange website and the company's official website. Using purposive sampling method, 424 firm-year observations between 2017 and 2020 were analyzed using multiple linear regression analysis for panel data. The results of this study reveal that cash holding is negatively associated with earnings quality, while leverage is positively associated with earnings quality, and political connections are not associated with earnings quality. Furthermore, CSR does not have a role in weakening the negative effect of cash holding, leverage and political connections on earnings quality.

Reshaping gender quotas in the boardroom: women's participation and accounting conservatism in Indonesia

In Indonesia, a woman's role is often referred to as a wife, a mother, and a housewife instead of a career position. Thus, women's participation in the boardroom is low. The board gender diversity exhibits advantages such as providing good financial reporting quality. Therefore, this study examines accounting conservatism as a good financial reporting quality and explores the association between women's participation, firm-specific controls, and accounting conservatism in Indonesian manufacturing companies. The study finds that Indonesian manufacturing companies are not conservative in financial reporting. The result demonstrates that hiring more women in the boardroom can enhance accounting conservatism. Hence, reshaping gender quotas - to include more women in the boardroom should be imposed. The result also highlights that in the absence of the conservatism principle, risk disclosure can be a substitute for conservatism, especially in the case of firms' higher profits.

Occupational Safety and Health Risk Assessment in an Electronic Manufacturing Company in Indonesia

The health and safety team at Sharp Electronics Indonesia Ltd identified two departments that urgently needed evaluation: Cabinet PU B Department and Total PU B Department, as they have the highest potential for accidents. Based on historical data from work accident reports from the Refrigerator Division between 2015 and the beginning of January 2020, two departments had a tendency to experience work accidents annually: the Door PU A Department and the Roll Forming B Department. The objective was to identify potential hazards in the production process, assess the risk that arises from the production process, and provide risk control recommendations for each department in the Refrigerator Division. The HIRARC approach was used to identify potential dangers by linking potential hazards between workers, tasks, work equipment, and the work environment in an orderly manner. Hazards were identified using the JSA method. Risk assessment was conducted using a semi-quantitative analysis, and risk control was done using a risk control hierarchy. Based on the risk assessment, the risks that needed to be addressed through risk control were head injury, being hit by a cabinet, decreased hearing function, lower back pain, being hit by a compressor, and having a hand clamped by a conveyor. The identification and assessment of occupational accident risks in the four departments revealed six potential occupational accident risks. The highest risk value was head injury and being hit by a cabinet, which were in the very high category in the Cabinet PU B and Total PU B departments.