Workplace Spirituality, Perceived Organizational Support, and Organizational Citizenship Behavior

This research investigates the effect of workplace spirituality and perceived organizational support on the organizational citizenship behavior of the employees working at one of the factories in Magelang, Central Java, Indonesia. The number of employees becomes the population is 404, and the total samples are 198, obtained by the Isaac and Michael formula and taken by simple random technique. Moreover, we utilize the survey and structural equation model based on covariance to receive the responses from the employees through questionnaires and analyze the proposed effects through hypothesis examination. To conclude, this research demonstrates that workplace spirituality is needed to enhance employees' organizational citizenship behavior level. Meanwhile, perceived organizational support does not. Based on this evidence, some implications are also discussed.

Impact of Macroeconomic Variables, American Stock Market Index and Covid-19 Pandemic on Indonesia Capital Market Development (Time Series Study 1990-2020)

The purpose of this study is 1.) To analyze the influence of foreign investment on the development of the Indonesian capital market. 2).To analyze the influence of the Exchange Rate on the Development of the Indonesian Capital Market. 3).To analyze the influence of the Interest Rate on the Development of the Indonesian Capital Market. 4).To analyze the influence of the Dow Jones Stock Market Index on the Development of the Indonesian Capital Market. 5).To analyze the influence of the Covid-19 Pandemic (dummy variable) on the Development of the Indonesian Capital Market.6). In this study, secondary data and library research were used as a technique for collecting data, using semi-annual data for the period 1990-2020. The research was processed using the EViews 11 program with the multiple linear regression method. The results of the research are known if 1.) Foreign Direct Investment has a significant and positive effect on Capital Market Development. 2.) Exchange Rates have a significant and positive influence on the Development of the Indonesian Capital Market. 3.) Interest Rates have a significant and negative effect on the Development of the Indonesian Capital Market. 4.) The Dow Jones Stock Market Index has a significant and positive effect on the Development of the Indonesian Capital Market. 5.) The Covid-19 pandemic had a significant and negative effect on the Development of the Indonesian Capital Market in the period 1990 to 2020. The results of this study are expected to contribute to policy holders regarding the role of macroeconomic variables on the development of the capital market, so that in the future it can be one of the references in conducting the policy mix so as to improve the development of the Indonesian capital market.

The Effect of Glass Ceiling on Women Advancement: A Case Study of Financial Institutions in Bangladesh

Glass ceiling, a widely practiced but unrevealed obstacle for the development of women and minorities towards executive and upper level of managerial hierarchy in the organizations. At the present time this issue is drawing more attention from human resource practitioners around the globe. In developed and developing countries, women's empowerment is the burning issue as the economy can reach its peak through the participation of all genders. In Bangladesh also women are engaging more in jobs specifically in the financial sector and contributing to the economy at large volume. But the disparity between male and women participation at the decision-making level raises the question of the presence of a glass ceiling and the factors contributing to the glass ceiling in the financial sector of Bangladesh. Based on the survey by using structured questionnaires from the commercial banks of Dhaka City Corporation, this study explores organizational factors, explicitly the absence of human resource practices responsible for creating glass ceilings and its presence at the workplace. Using factor analysis and multiple regressions among the six factors, the study found five factors have a significant contribution to the presence of glass ceiling and thus creating barriers to women's advancement. The factors include recruitment practices, performance appraisal, promotion policy, maintenance issues and equal employment opportunities. Policy implications are discussed in light of the findings to minimize glass ceiling effect to contribute gender parity, women's advancement and reducing gender discrimination.

Indonesian Defense Economy in the Industrial Revolution Era 4.0

The defense economy as an economy that has an important role, of course, in its journey faces challenges, especially the low national Research and Development budget of <1% of GDP/Per Capita. Director-General of Research and Development (R&D) Kemenristekdikti Muhammad Dimyati previously said that Indonesia's research growth in the last four years had grown rapidly. Based on 2017 data from the Ministry of Research, Technology and Higher Education, Indonesia's research budget is only 0.25 percent of total GDP, if converted into IDR 30.78 trillion. The second challenge is the entry of the digital era which must be responded wisely and anticipated as the 4.0 industrial revolution in the development of science. The purpose of this study is to describe more about how research & development and the industrial revolution 4.0 are in building a defense economy. In this study, the authors used data analysis techniques with a qualitative descriptive analysis strategy model. The results of the research show that the results of research and development funds are used to innovate to support increased productivity. As a result, the country's production performance has improved and boosted economic growth. The Industrial Revolution 4.0 makes work done by individuals or companies more effective and efficient. With this efficiency and effectiveness, the economy will increase and automatically the defense will also increase. So research & development and industrial revolution 4.0 in practice can build and strengthen the existing defense economy in a country.

Towards Sustainable Consumption: Driving Forces behind Bangladeshi Consumers’ Behavior

If stakeholders, service providers, and social systems adopt sustainable consumption behavior and regulate the production and consumption cycle, they may be facilitated to accomplish sustainable development with environmental and socioeconomic advantages. However, the purpose of this study was to look at the driving forces that influence consumer behavior in Bangladesh in terms of sustainable consumption. A quantitative survey was conducted among 384 participants aged 18 years and having minimum higher secondary educational qualifications. The data were collected from Khulna City Corporation of Bangladesh through a structured interview schedule using the convenience sampling technique. The results reported that environmental concern of the participants was found to be the top-ranked driving force and perceived environmental knowledge of the participants was the lowliest ranked driving force behind the consumers’ behavior towards sustainable consumption. Alongside, attitude towards eco-friendly products, perceived consumer effectiveness and sustainable consumption intention were found to be the second, third and fourth ranked driving forces, respectively. The authors hope and anticipate that the findings of this paper will give critical information to relevant authorities and policymakers in order to develop market research and management policies and strategies.

Determinant Factors of the Public Company’s Value which Listed in Indonesia Stock Exchange

The study was conducted to evaluate and analyze the factors that influence the value of the company, using 3 (three) alternative regression models, namely the stock market value; share price to book value; and the rate of return as a proxy for company value. Using the stratified random sampling technique, 22 companies were listed on the Indonesia Stock Exchange over a 10-year period from 2009 to 2018. The appropriate panel data estimation method for analyzing the regression model in this study used the fixed effect model (FEM). Regression results show that the variable of debt to total asset (DAR), return of asset (ROA) and gross profit margin (GPM) significantly influenced the value of the company measured by price to book value (PBV) as the dependent variable. For further research has to pay attention to differences in industry characteristics and also consider to use of other variables, such as age the company and the level of risk of the company that measures with the market model, so that it is possible to get better estimation results.

The Impact of the Pandemic on the Maintaining Happiness at Work

During the pandemic, it became especially difficult for companies to maintain employee engagement and motivation. They are cut off from the normal environment and work team, no longer have social relationships with colleagues, which leads to a natural decrease in emotional connection with the company, a sense of belonging and loyalty. In today's environment, the challenge is to manage, attract and retain talent, further compounded by the COVID-19 pandemic. During the period of working from home, as a result of the experience gained in the new reality, employees have other requirements that the company must meet. The transition to remote work in early 2020 has forced employees to develop new skills and become more familiar with technologies, manage tasks and solve problems online. It is true that some did more remote work, some less and some did not like it at all, but the fact is that it showed them new opportunities, and companies were challenged - how to maintain and increase the employee happiness index during the pandemic and post-pandemic period. The purpose of the article is to demonstrate the impact of the pandemic on maintaining a happiness index at work and to assess employees' attitudes towards remote work in general. How did the changes in work regime and environment during the pandemic affect employees and their job satisfaction? - In order to identify these factors, a study was conducted in Georgia, in which 200 employees participated and the results of which are given in this article.

Behavior Analysis Herding of Indonesian Stock Exchange (Case Study of Stocks Listed in LQ45 Index)

Decision making in the capital market is not always based on rational considerations. Investors' actions are also influenced by psychological characteristics that emerge as human innate nature. These psychological characteristics will encourage different investor reactions. This study aims to test the indications of behavior herding on the Indonesia Stock Exchange 2006 to 2010. This study uses a sample of companies listed in the LQ45 index of 62 companies. The herding detection method is the CSAD (Cross-Sectional Absolute Deviation) method from Chang et al (2000). The variables used were dispersion value, returns absolute market and returns market squares. The data return used is derived from returns weekly for 260 weeks. The results in this study are no discovery of behavior herding on the Indonesia Stock Exchange either overall (5 years) or every year.

An Empirical Study of National Education and Economic Development Based on a Variable Coefficient Model

This paper studies the relationship between the level of national education and economic development in 31 provinces and cities in China from 2012 to 2019. Principal component analysis is used to comprehensively evaluate the level of national education, on the basis of which a variable coefficient model is tested and a constant coefficient model is established for comparison. The results show that: (1) there is a co-integration relationship between the level of national education and economic development, i.e. the two are in equilibrium in the long run. (2) In some provinces and cities in China, economic development is positively correlated with the level of national education, and some provinces and cities are negatively correlated. (3) Economic development has different effects on the level of national education in the east, middle and west. (4) Economic development and national education level are positively correlated in the average sense in China.