No abstract

This study aims to analyze and provide empirical evidence that the independent variable Dividend Policy, Manager Share-Owned, Board Size and Profitability, both partially and simultaneously influence the Value of the Firm. Based on agency theory and the theory of dividend policy, in line with the phenomenon that increasing Composite Stock Price Index (IHSG) of the firm's manufacturing sector was still below the average stock index of all listed companies, and manufacturing companies that pay dividends are still below the average of all listed companies. That is a gap, because the firm's manufacturing sector is expected to have a strong financial performance, in order to make a major contribution to Gross Domestic Product (GDP) of Indonesia. This study uses a quantitative approach, with a sample of 110 companies listed on the Indonesian Stock Exchange (BEI) during the years 2009-2014, with a sample of all manufacturing companies (purposive sampling method). Then the data analysis done by statistical tests using multiple linear regression. The results showed variable declared Dividend Policy and Profitability significantly affect the Firm's Value, while variable Manager Share-Owned and Size of Board of Commissioners declared not affect the value of the Firm. However, Firm Value simultaneously influenced by all the independent variables. This finding is interesting, that the success of increasing the value of the firm depends on the firm's ability to optimally empower resources, as well as in implementing firm policies are already set, not by a factor of the incentive manager.

No abstract

Penelitian ini dilakukan untuk mengurangi penyimpangan kualitas pada proses produksi di Instalasi Pengolahan Air yang telah berdampak terhadap penurunan tingkat produktivitas. Penyimpangan kualitas terbesar dalam proses produksi ini adalah pembentukan flok yang tidak sempurna pada bak sedimentasi dan ditemukan empat masalah utama yakni desain teknis sistem pembubuhan bahan kimia yang tidak berfungsi secara optimal, desain teknis unit flokulasi yang tidak berfungsi secara optimal, tidak tersedianya lembar pemeriksaan tahapan pelaksanaan manual prosedur, serta proses pra-sedimentasi di Intake yang tidak berfungsi secara optimal. Salah satu metode yang digunakan dalam pengendalian kualitas mutu ialah Gugus Kendali Mutu (GKM). Penelitian ini menargetkan peningkatan produktivitas sebesar 5 persen, dari hasil implementasi rencana tindak perbaikan yang telah dilaksanakan target terpenuhi lebih dari 5 persen yaitu sebesar 7,13 persen sehingga melebihi ekspektasi target awal yang telah ditetapkan. Dengan demikian maka pengendalian kualitas untuk meningkatkan produktivitas menjadi terpenuhi.

The national strategic manufacturing companies have a great contribution to GDP. However, these developments and growth are very volatile towards a drastic decline in 2016. The purpose of this study is to know and analyze the influence of leadership, organizational culture, and job characteristics on employee empowerment at the National Strategic Manufacturing Companies in West Java. This research was conducted by using survey method with quantitative approach. The research was conducted on five national strategic manufacturing companies located in West Java, Indonesia, with a population of 879 leaders equivalent to lower managers and a sample of 274 leaders. Data were obtained from survey through questionnaires distributed to the leaders. Data were processed using descriptive statistical analysis and SEM analysis. The results show that organizational culture, leadership, and job characteristics have positive and significant influence on employee empowerment.