UPH Academic Journals (Universitas Pelita Harapan)
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THE ROLE OF GROWTH OPPORTUNITIES IN SHAPING CAPITAL STRUCTURE: A COMPARATIVE ANALYSIS OF REAL ESTATE COMPANIES
Get PDFThis study examines how growth opportunities influence capital structure decisions within the real estate sector through the lens of Trade-off and Pecking Order Theory. Using panel data from 58 publicly listed real estate companies (2019-2023), we investigate how growth opportunities affect the relationship between leverage and four determinants: profitability, liquidity, asset tangibility, and tax shield. By segmenting firms into high, medium, and low growth categories, our analysis reveals that profitability negatively affects leverage in both medium and high-growth firms, with stronger effects in high-growth firms, supporting Pecking Order Theory in environments of heightened information asymmetry. Asset tangibility shows a significant negative relationship exclusively in medium-growth firms, reflecting how inventory and land banks serve as potential collateral, though their effectiveness is dampened by information asymmetry in high and low-growth segments. Liquidity demonstrates a significant negative relationship in both high and medium-growth segments, with stronger effects in high-growth firms, while tax shield effects are insignificant across all categories. These findings contribute to capital structure literature by demonstrating how growth opportunities systematically alter traditional capital structure determinants in the real estate sector, offering important implications for corporate financial management
SYNERGY OF ADVERTISING INFORMATIVENESS AND ADVERTISING PERSUASIVENESS ON BRAND AWARENESS AND PURCHASE DECISIONS FOR TOTO SANITARY PRODUCTS
Get PDFThis study examines the impact of advertising informativeness, persuasiveness, product quality, price, and brand awareness on consumer purchase decisions for TOTO sanitary products. It also aims to explore brand awareness as a mediating factor influencing purchase decisions. Data were collected through an online survey via Google Forms, using a quantitative approach, with participants aged 18 to 60 years in the Jabodetabek area of Indonesia. The data were analysed using IBM SPSS Statistics version 27 and AMOS version 24, employing the Structural Equation Modelling (SEM) approach. The findings revealed that advertising informativeness, persuasiveness, product quality, and price significantly positively impact purchase decisions, supported by the mediating role of brand awareness. This study aims to enhance understanding of key marketing factors influencing purchase decisions and contribute valuable insights for future research
PENGARUH ENTERPRISE RISK MANAGEMENT TERHADAP NILAI PERUSAHAAN DENGAN CORPORATE GOVERNANCE SEBAGAI VARIABEL MODERASI
Get PDFThis study aims to provide empirical evidence regarding the influence of enterprise risk management on firm value. In addition, this study aims to investigate the moderating role of corporate governance mechanisms, specifically independent commissioners, audit committees, and boards of directors, in enhancing the impact of enterprise risk management on firm value. This study uses 624 data from manufacturing sector companies listed on the Indonesia Stock Exchange for the 2019-2022 period. Hypothesis testing uses multiple regression analysis and moderated regression analysis methods. This study reveals that enterprise risk management has a positive influence on firm value. Meanwhile, independent commissioners, audit committees, and boards of directors as corporate governance mechanisms have not been proven to be able to strengthen the influence of enterprise risk management on company value
BAGAIMANA HARGA DAN INFORMASI KEMASAN MEMPENGARUHI KEPUASAN DAN PERILAKU PEMBELIAN PELANGGAN
Get PDFPersaingan dalam sektor mi instan semakin ketat, sehingga mengharuskan produsen memahami faktor-faktor penentu yang memengaruhi pilihan pembelian konsumen. Penelitian ini bertujuan untuk menguji pengaruh persepsi harga dan kualitas informasi kemasan terhadap perilaku pembelian konsumen, dengan kepuasan sebagai variabel mediasi. Subjek penelitian ini adalah produk Mi Sedaap di Jakarta Barat. Penelitian ini menggunakan metodologi kuantitatif dengan menggunakan teknik survei. Data dikumpulkan melalui survei yang diberikan kepada pengguna Mi Sedaap, menggunakan metode purposive sampling untuk mengidentifikasi responden yang memenuhi tujuan penelitian. Analisis data menggunakan Structural Equation Modeling (SEM) untuk menyelidiki hubungan antar variabel dalam model penelitian. Penelitian ini menawarkan wawasan bagi produsen tentang taktik informasi berbasis harga dan kemasan serta perannya dalam meningkatkan kepuasan konsumen dan perilaku pembelian. Hasil penelitian ini dapat menginformasikan terciptanya strategi dan kebijakan pemasaran yang lebih sukses yang selaras dengan preferensi konsumen
Influence of Profitability, Liquidity, and Company Size on Profit Growth in A Consumer Non-Cyclical Company
Get PDFThis research aims to examine the effect of profitability, liquidity and company size on profit growth in non-cyclical consumer sector companies listed on the IDX in 2019 - 2022. This research uses a quantitative approach. The method used in sampling in this research was purposive sampling. The population in this research is the annual financial reports of non-cyclical consumer sector companies listed on the IDX for 2019 - 2022, thus obtaining a sample of 28 companies. The research results show that profitability has a significant influence on profit growth. But liquidity and company size have no effect on profit growth
The Influence of Profitability, Leverage, and Sales Growth on Tax Avoidance in Non-Cylical Consumer Sector Companies
Get PDFTax avoidance is a form of tax avoidance that does not exceed applicable legal boundaries and tax regulations. Tax avoidance is implemented by looking at the gaps and weaknesses in tax regulations. The aim of this research is to test whether profitability, leverage and sales growth indicators are able to influence tax avoidance. The research was conducted on companies in the non-cyclical consumer sector listed on the Indonesia Stock Exchange for the period 2020 - 2022. The research method used was a quantitative method with purposive sampling. The author used SPSS version 27 software to process the data. The results of this research are that profitability and sales growth influence tax avoidance. Meanwhile, leverage has no effect on tax avoidance
The Impact of Profitability, Leverage, and Tax Avoidance on Earnings Management in Consumer Goods Companies Listed on the Indonesia Stock Exchange
Get PDFThis study analyzes the impact of profitability, leverage, and tax avoidance on earnings management in consumer goods companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2020. Data were collected using purposive sampling technique with a sample of 93 companies. Using multiple linear regression analysis, this study finds that profitability, leverage, and tax avoidance do not have a significant impact on earnings management either partially or simultaneously. These findings suggest that other factors not studied may play a greater role in earnings management practices in consumer goods companies
The Effect of Entrepreneurial Orientation on Social Performance and Financial Performance of Small and Micro Food Business Actors in West Jakarta Area Mediated by Open Innovation
Get PDFMicro, Small and Medium Enterprises (MSMEs) continue to experience growth and development to this day. In 2022, there will be 65 million MSMEs in Indonesia, which accounts for 99% of all business units in the country. MSMEs play a crucial role in supporting the national economy, especially in facing the threat of recession, and are the backbone of the country's economy. The growth of MSMEs has a positive impact on the economy both macro and micro in Indonesia. Micro and small businesses also have an important role in the economic movement of DKI Jakarta. Micro and small businesses are still categorized as businesses with low productivity and technology use. Although they have begun to have the ability to innovate and develop technology. However, micro and small businesses are still constrained by a number of problems such as access to capital, raw materials, limited employee training, social responsibility and partnerships. The purpose of this study is to see the effect of entrepreneurial orientation on financial performance and social performance mediated by open innovation in micro and small food business actors in the West Jakarta city area. The number of samples used in this study was 210 micro and small food business actors. The data obtained will be processed using PLS-SEM version 4.0
Unveiling The Dark Side of Transformational Leadership: Examining Leader Dependency and Its Influence on Organizational Dynamics
Get PDFWhile transformational leadership is often praised for its capacity to inspire change and drive innovation, this paper aims to delve into the less-explored negative repercussions of this leadership style, particularly in terms of fostering excessive leader dependency. The study examines how leader-centric dynamics may compromise team autonomy, stifle creativity, and lead to organizational in efficiencies over time. Through a mixed-method approach involving case studies and survey data from multinational organizations, this research unveils that transformational leader, while empowering, can unintentionally cultivate a reliance on their vision and guidance, thereby constraining the cultivation of self-sustaining leadership within teams. The findings underscore the significance of striking a balance between transformational leadership and autonomy-promoting practices to steer clear of dependency traps. This paper contributes to the expanding body of literature on leadership dynamics by offering a nuanced comprehension of the potential risks associated with transformational leadership. Furthermore, it discusses the implications for leadership development, organizational design, and employee empowerment
Antecedent Factors Influencing Manager Competency
Get PDFObjectives: This study investigates the mediating role of Protestant Work Ethic (PWE) in the relationships between Organizational Culture (OC), Transformational Leadership (TL), and Personality (P) on Teacher Performance (TP) in private Christian elementary schools in Banten Province. Methodology: A quantitative survey was conducted from November 2021 to May 2022, involving 236 Christian elementary school teachers as respondents. Data were collected using questionnaires and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). Findings: The hypothesis testing results indicate that Organizational Culture positively influences Protestant Work Ethic, while Transformational Leadership negatively affects it. Personality does not significantly impact Protestant Work Ethic. Furthermore, Protestant Work Ethic has a significant positive effect on Teacher Performance. Both Organizational Culture and Personality directly enhance Teacher Performance, whereas Transformational Leadership does not show a significant direct impact. Mediation analysis reveals that Protestant Work Ethic partially mediates the relationship between Organizational Culture and Teacher Performance, as well as between Personality and Teacher Performance, but not between Transformational Leadership and Teacher Performance. Conclusion: The study concludes that OC and P are crucial factors in improving TP, with PWE playing a significant mediating role. TL's negative impact on PWE suggests the need for further investigation into leadership styles within this context. The findings underscore the importance of fostering a positive organizational culture and developing personal competencies to enhance teacher performance