The Influence of Good Corporate Governance, Corporate Social Responsibility, and Diversity on Board of Directors on Firm Value (Empirical Study on Property and Real Estate Companies Listed on the Indonesia Stock Exchange from 2017 to 2020)
Lamhot Leonard Fitri, Dwi Asih Surjandari
Page Numbers : 229-237
DOI : 10.36348/sjbms.2022.v07i08.002
This study examined the influence of Good Corporate Governance, Corporate Social Responsibility, and Diversity on Boards of Directors on Firm Value. This study uses secondary data from the IDX website. The population of this quantitative study is the annual report of Property and Real Estate companies listed on the Indonesia Stock Exchange from 2017 to 2020. The sample consisting of the annual reports of Property and Real Estate companies listed on the Indonesia Stock Exchange from 2017 to 2020 was obtained through purposive sampling. The data was collected on March 1, 2022. Multiple linear regression analysis was used to analyze the data. The results of the study prove that the existence of independent commissioners has a significant influence on firm value, audit committee has a significant influence on firm value, and corporate social responsibility disclosure has a significant influence on firm value. The proportion of women and people over 40 on the board of directors has no influence on firm value. The education level of the board of directors has no influence on the firm value.
Original Research Article
Sept. 10, 2022
Firm Characteristic and Financial Performance of Consumer Goods Manufacturing Firms in Nigeria: Moderating Effect of Some Key Monetary Variables
This study moderates firm characteristics with key monetary variables (inflation rate and exchange rate) and examine their effect on the financial performance of fifteen (15) listed consumer goods manufacturing firms in Nigeria using an annual panel dataset from 2004 to 2020. The dependent variable (financial performance) is measured as return on assets while the independent variables are capital structure, dividend policy, managerial efficiency and firm size. In addition, the study used fixed and random effects regressions as techniques of data analysis. The results of this study are categorized into two parts namely; regression results without moderators and regression results with moderators (inflation and exchange rate). The result from the model without moderators shows that there is a positive and statistically relationship between capital structure, managerial efficiency and firm size and financial performance while dividend policy has no significant effect on financial performance. However, the results moderated with both the inflation and exchange rate indicate that capital structure and firm size have a significant negative effect on financial performance while dividend policy and managerial efficiency have a significant positive effect on financial performance. Thus, this study recommends the need for an increase in both dividend policy and managerial efficiency and limiting the increase in capital structure and firm size since they adversely affect financial performance. Finally, there is a need for consumer goods manufacturing firms to put into consideration the trends in monetary variables before making any investment decision.
Original Research Article
July 30, 2022
Effect of Organizational Reward System on Employee Performance in Selected Hotels in Lagos Metropolis, Nigeria
Odunayo, H. A.
Page Numbers : 206-221
DOI : 10.36348/sjbms.2022.v07i07.002
The study investigates effect of organisational reward system on employee performance in selected hotels in Lagos Metropolis, Nigeria. The objective was to establish effect of organisational reward system (Recognition, Employee Development, and Benefits) on employee performance (contextual performance, counterproductive behaviour, and adaptive behaviour) in selected hotels in Lagos Metropolis using a survey research design. Two hotels were sampled and used for the study. A total population of 315 employees were investigated with a sample size of 255. In this research, a simple random sampling technique was adopted, and only 204 copies (or 80 percent) of the questionnaire were properly completed and recovered. To determine the link between the variables, the data was examined using the bivariate regression analysis. The investigation revealed that recognition had significant effect on contextual performance in selected hotels in Lagos Metropolis, Nigeria (β = 0.592, t = 12.353, p < 0.05). The finding also revealed that eemployees’ development has a negative and significant effect on counterproductive behaviour in selected hotels in Lagos Metropolis, Nigeria (β = -0.244, t = 6.441, p < 0.05). Also, it was discovered that benefits had significant effect on adaptive performance in selected hotels in Lagos Metropolis, Nigeria (β = 0.399, t = 9.339, p < 0.05). As a result, it was concluded that organisational reward system affected employee performance in selected hotels in Lagos Metropolis, Nigeria. It was suggested, among other things, that hotel management should be intentionally observing employee performance and looking for opportunities to recognize outstanding work achievements and behaviour.
Original Research Article
July 22, 2022
Acceleration of Integrated Public Transport Management: Study on Bus Rapid Transit Management in DKI Jakarta
Kusworo, Raden Wijaya, Rezky Aprilia, Ibnu Nurul Huda
Page Numbers : 197-205
DOI : 10.36348/sjbms.2022.v07i07.001
We analyse the acceleration of integrated public transportation management in DKI Jakarta. Here we focus on the case of Bus Rapid Transit (BRT) or called TransJakarta. In this study the qualitative research methods are used through post-positivism paradigm. We collect the data through observation, interviews, and literature studies. We found that the acceleration of BRT-based integrated public transportation management in DKI Jakarta can be well carried out if each stakeholder understands and implements the transportation management system that has been approved whether it is for planning, organizing, or supervising. Meanwhile, there are several components that are needed for accelerating BRT-based integrated public transportation management: route restructuring, transportation integration, single bus operators, and fair law enforcement. It is also important to realize the collaboration among Indonesian regional-own enterprises (BUMD), Indonesian state-own-enterprises (BUMN), and all stakeholders for creating sustainable and equitable bus-based public transportation in DKI Jakarta.
Original Research Article
June 29, 2022
Investigation of Online Compulsive Buying Patterns in the Pandemic Situation
Manimegalai, D, Senthilkumar, S
Page Numbers : 192-196
DOI : 10.36348/sjbms.2022.v07i06.003
This study is to consider the compulsive buying pattern based on a new Compulsive buying index score. It examines the influence of unplanned buying, emotions, purchasing power, impulsiveness, post-purchase, monomania, direct mail response, and online shopping on compulsive buying behavior in the pandemic situation. The quantitative approach used to explore the compulsive buying pattern through the sample size of 33 under the snowball sampling method the study reveals comparability between Gen Z males & females mightily fall into a severe and mild compulsive category to other generations. Liken female consumers; male consumers are highly compulsive. This study supports the marketers for framing the tactics to attract consumers' impulse, emotional, and fanatical behavior.
Original Research Article
June 22, 2022
Moderation of Good Corporate Governance Governance: Impact of Profitability on Company Value in the Financial Sector in Indonesia
Suroto, CH. Asta Nugraha
Page Numbers : 180-191
DOI : 10.36348/sjbms.2022.v07i06.002
The increase in company value is a success that meets shareholders' expectations, because the increase in company value makes shareholders feel more prosperous. The company's high value, resulting in high stock market prices. The goal of this research is to show that profitability and good corporate governance (GCG) have an effect on firm value. In addition, to see if GCG can reduce the impact of profitability on firm value. Furthermore, to see if GCG can mitigate the effect of profitability on firm value. Return on assets is a profitability indicator, whereas GCG indicators include institutional ownership, the number of directors, and the ratio of independent commissioners. This study uses a population of 83 companies. This research uses a population of 83 companies, including 42 banking companies, 14 financial companies, 12 securities companies, and 15 insurance companies. Methods of data collection include literature review and documentation. The SPSS version 25 program was used for data analysis, which included multiple regression and the residual test. The findings of this research indicate that only the number of directors has a significant effect on firm value and GCG is shown as an independent variable. The research's implications will be to help management apply GCG principles more effectively.
Original Research Article
June 9, 2022
Exploring the Factors that Influence Customers Intention to Revisit Restaurants in Yenagoa Metropolis
Donald O. Ewanlen
Page Numbers : 171-179
DOI : 10.36348/sjbms.2022.v07i06.001
The dominance and crucial role of fast food restaurants in the food service delivery process in Nigeria is without dispute. Against this background, the purpose of this study is to examine the influence of food quality, customers’ service, physical environment and security on customers’ intention to revisit a restaurant. The study also sought to ascertain the extent of gender difference in customers revisit intention. A survey research design and convenience sampling method was adopted in this study. Questionnaires were distributed to 350 patrons of fast food restaurants in Yenagoa metropolis Bayelsa state Nigeria. The descriptive analysis of the respondent shows that male are the dominant patrons of fast food restaurants. Also middle income earners and self-employed are the most common among the respondents, Furthermore, the result shows that there is gender difference in customers’ intention to revisit a restaurant, Equally, the study found that food quality, customers’ service, physical environment and security significantly influence customers revisit intention. The paper posits that customer intention to revisit a restaurant is contingent upon food quality, customers service quality, physical environment quality and provision of adequate security. Consequent upon these findings, this paper recommends among others the inclusion of restaurants operations among the functions of the government regulatory agency in charge of food and drugs administration and control, and the training and retraining of employees on the strategies of effectively managing customers’ relation.
