Enhancing Organizational Performance Through Ethical Leadership and the Implementation of GCG

Arief Suryadi; Nur Rahmat; Nurrakhman Purbojati; Rimi Gusliana Mais; Uun Sunarsih

doi:10.58777/rag.v3i1.394

Authors

Arief Suryadi Indonesian College of Economics (STEI), Jakarta
Nur Rahmat Indonesian College of Economics (STEI), Jakarta
Nurrakhman Purbojati Indonesian College of Economics (STEI), Jakarta
Rimi Gusliana Mais Indonesian College of Economics (STEI), Jakarta
Uun Sunarsih Indonesian College of Economics (STEI), Jakarta

DOI:

https://doi.org/10.58777/rag.v3i1.394

Keywords:

GCG, BUMN, Ethical Leadership

Abstract

This study aims to analyze the effect of ethical leadership and implementation of good corporate governance (GCG) on improving the performance of State-Owned Enterprises (BUMN) from a financial and non-financial perspective, with a case study at PT Adhi Karya (Persero) Tbk. This study uses primary data through questionnaires distributed to company employees, with data processing using the SPSS statistical method. The results of the study indicate that ethical leadership does not have a significant effect on BUMN performance, while GCG implementation has a positive and significant effect on that performance. These findings highlight that the application of the principles of transparency, accountability, and sustainability in corporate governance plays a key role in improving operational efficiency and achieving the company's strategic goals. The managerial implications of this study include the need to strengthen GCG implementation at all levels of the organization to improve company performance. Managers must ensure that GCG policies and practices are implemented consistently and properly supervised to minimize risk and increase investor confidence. In addition, although ethical leadership does not show a direct effect, companies still need to promote ethical behavior to create a positive organizational culture that supports long-term business sustainability

References

Afrenza, C., & Astuti, D. (n.d.). Pengaruh Good Corporate Governance Terhadap Profitabilitas Pada Perusahaan Perbankan Yang Terdaftar Di Bursa Efek Indonesia Periode 2020-2022. Jurnal Ilmiah Akuntansi Keuangan Dan Bisnis E-ISSN, 4(2). Retrieved June 18, 2024, from https://journal.utnd.ac.id/index.php/value/article/download/934/478

Arrasyid, A. H., Rahardian, M., & Helmina, A. (2024). Literature Review: Pengaruh Good Corporate Governance Terhadap Nilai Perusahaan. Jurnal Ekonomi, Manajemen Dan Akuntansi, 2(1), 331–343. http://jurnal.kolibi.org/index.php/neraca/article/view/840/786

Asri Putri, T., & Herning Sitabuana, T. (2022). Pengawasan Pengelolaan Keuangan Negara Terhadap Badan Usaha Milik Negara (BUMN). Sibatik Journal: Jurnal Ilmiah Bidang Sosial, Ekonomi, Budaya, Teknologi, Dan Pendidikan, 1(7), 1003–1018. https://doi.org/10.54443/sibatik.v1i7.118

Bangun, B., Napitupulu, J., Nyoman Budiadnyana, G., Johan, M., & Novitasari, D. (2021). Kepemimpinan Etis: Rahasia Menurunkan Stres Kerja dan Turnover Intention. Jurnal Manajemen Dan Kewirausahaan, 9(1), 65–76. https://doi.org/10.26905/jmdk.v9i1.5794

Betresia, A., Verdina, P., Welvyna, S., Miftahul Jannah, L., & Oktafia, E. (2021). Korupsi Bantuan Sosial COVID-19: Implementasi Etika Normatif Pejabat Publik Di Indonesia. Jurnal Ilmu Administrasi Publik, 3(2), 138–154. https://ejournal2.undip.ac.id/index.php/dialogue/article/download/13126/6772

Herawati, L. N., & Hidayat, V. S. (2022). Pengaruh Penerapan E-Samsat Dan Sanksi Perpajakan Terhadap Kepatuhan Wajib Pajak Kendaraan Bermotor (Studi Kasus Pada Wajib Pajak Di Samsat Kota Cimahi). Jurnal Pendidikan Akuntansi (JPAK), 10(1), 50–59. https://doi.org/10.26740/jpak.v10n1.p50-59

Hutabarat, P. J., Nasution, J. A., & Gea, I. (2023). Etika Kepemimpinan dalam Organisasi. Pediaqu: Jurnal Pendidikan Sosial Dan Humaniora, 2(2), 1035–1043. https://publisherqu.com/index.php/pediaqu/article/view/209/206

Jayanti, A. A. I. D., Suci, R. P., & Mas, N. (2024). Peran Pemahaman Good Corporate Governance dalam Memediasi Pengaruh Budaya Organisasi dan Perilaku Etis Terhadap Kinerja Pegawai Bank BPD Bali. Jurnal Cakrawala Ilmiah, 3(6), 2021–2056.

Kumalasari, E. A., Muthalib, A. A., & Nur, M. (2023). Pengaruh Kepemimpinan Etis dan Keterampilan Komunikasi Terhadap Kinerja Pegawai dengan Motivasi Sebagai Variabel Mediasi dada Inspektorat Daerah Provinsi Sulawesi Tengggara. Indo-Fintech Intellectuals: Journal of Economics and Business, 3(2), 171–182. https://doi.org/10.54373/ifijeb.v3i2.157

Kurniawan, K., Nof Putra, D., Zikri, A., & Mukhtar, N. A. (2020). Konsep Kepemimpinan Dalam Islam. Prokurasi Edukasi Jurnal Manajemen Pendidikan Islam, 2(1), 1–10. https://ejournal.uinib.ac.id/jurnal/index.php/produ/article/download/2244/1556

Kustiani, S., Nurdiana Mulyatini, & Marlina Nur Lestari. (2019). Pengaruh Good Corporate Governance Dan Leverage Terhadap Kinerja Keuangan (Suatu Studi Pada PT. Gudang Garam Tbk Yang Terdaftar Di Bursa Efek Indonesia Periode 2007-2017). Business Management And Entrepreneurship Journal, 1(3), 125–140. https://jurnal.unigal.ac.id/bmej/article/download/2321/2270

Mais, R. G., & Indah, A. K. (2023). The Effect of Good Corporate Governance on Capital Structure With Company Size As A Moderating Variable. JFBA: Journal of Financial and Behavioural Accounting, 3(2), 32–47. https://doi.org/10.33830/jfba.v3i2.6279.2023

Mulyadi, M. (2021). Pengaruh Kepemimpinan Etis dan Good Corporate Governance Terhadap Kinerja Perusahaan Bumn di Indonesia. Media Riset Akuntansi, Auditing & Informasi, 21(1), 137–160. https://doi.org/10.25105/mraai.v21i1.9172

Mulyana, A. R., Sobandi, A., & Santoso, B. (2023). Literatur Review Kepemimpinan Etis. Ekonomis: Journal of Economics and Business, 7(2), 983. https://doi.org/10.33087/ekonomis.v7i2.1219

Ningsih, S. W., & Sukmawati, C. (2023). Pengaruh Penerapan Good Corporate Governance (GCG) dan Kinerja Keuangan Terhadap Kualitas Pengungkapan Sustainability Report (Studi Pada BUMN Yang Terdaftar di BEI 2021-2022). NEGOTIUM: Jurnal Ilmu Administrasi Bisnis, 6(2), 300–321. https://ojs.unimal.ac.id/na/article/download/13145/pdf

Rahayu, S., Rosadi, B., & Alhadihaq, M. Y. (2023). Implementasi E- Samsat Untuk Membangun Kepercayaan Dan Kepatuhan Pajak Kendaraan Bermotor. Journal Publicuho, 6(2), 496–506. https://doi.org/10.35817/publicuho.v6i2.145

Satria, C. (2019). Pengaruh Pengendalian Intern Dan Gaya Kepemimpinan Terhadap Pelaksanaan Good Corporate Governance Pada Badan Usaha Milik Daerah Kota Palembang. JURNAL Ecoment Global, 4(1), 125–135. https://rb.gy/72k2sq

Tan, A. R., & Mulia, F. (2024). Penerapan Good Corporate Governance Pada Perusahaan RC. MANNERS Management and Entrepreneurship Journal, VII(1), 1–13. https://jurnal.unnur.ac.id/index.php/manners/article/download/780/749

Ursula Uci, R., Kuntadi, C., & Pramukty, R. (2022). Literature Review Pengaruh GCG, CSR Dan Ukuran Perusahaan Terhadap Kinerja Keuangan Perusahaan. Jurnal Ekonomi Manajemen Sistem Informasi, 3(6), 667–673. https://doi.org/10.31933/jemsi.v3i6