THE INFLUENCE OF PSYCHOLOGICAL CAPITAL AND TRANSFORMATIONAL LEADERSHIP STYLE ON EMPLOYEE PERFORMANCE

(A STUDY ON EMPLOYEES OF PT BIO FARMA (PERSERO)

Authors

  • Aji Muhamad Kurniawan Widyatama University, Bandung
  • Rima Dwijayanty Widyatama University, Bandung

DOI:

https://doi.org/10.31959/jm.v14i3.3250

Abstract

Introduction: This study analyzes the influence of Psychological Capital and Transformational Leadership Style on Employee Performance at PT Bio Farma (Persero), a state-owned pharmaceutical enterprise.
Methods: Data were collected using a quantitative survey of 300 employees and tested for validity, reliability, and classical assumptions before being analyzed with multiple regression.
Results: The results show that Psychological Capital and Transformational Leadership have positive and significant effects on employee performance, explaining 59.2% of its variance. Psychological Capital contributes through self-efficacy, hope, optimism, and resilience, while transformational leadership strengthens performance by inspiring, stimulating, and personally supporting employees. These findings highlight the importance of integrating psychological empowerment and effective leadership to build a productive and adaptive work environment. The managerial implication is that PT Bio Farma should implement training programs to enhance psychological capital and develop transformational leadership skills to sustain employee performance and organizational competitiveness.

Keywords: Psychological Capital, Transformational Leadership, Employee Performance

Downloads

Published

2025-09-08

Issue

Vol. 14 No. 3 (2025)

Section

Articles

License

Copyright (c) 2025 Aji Muhamad Kurniawan, Rima Dwijayanty

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Access and Licensing

All articles published in Jurnal Maneksi (Management Ekonomi Dan Akuntansi) are available immediately upon publication without any embargo period. No registration or subscription fees are required to access our content.

To facilitate clarity and ease of reuse, Jurnal Maneksi (Management Ekonomi Dan Akuntansi) adopts Creative Commons licenses. By default, all articles are published under the Creative Commons Attribution License (CC BY 4.0). This license permits unrestricted use, distribution, and reproduction in any medium, provided that proper attribution is given to the original author(s) and source.

Copyright Policy

Authors publishing in Jurnal Maneksi (Management Ekonomi Dan Akuntansi) retain copyright over their work. By submitting and publishing with Jurnal Maneksi (Management Ekonomi Dan Akuntansi), authors grant the journal the right of first publication under their chosen open-access license. This ensures that authors maintain full control over their intellectual property while enabling broad dissemination and reuse of their work.

Authors are also encouraged to:

  1. Share their published articles in institutional repositories or personal websites, ensuring proper acknowledgment of initial publication in Jurnal Maneksi (Management Ekonomi Dan Akuntansi).
  2. Enter into non-exclusive agreements for further distribution, such as including their articles in books or other publications.