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The Future of Indonesian Food Consumption Bustanul Arifin; Noer Azam Achsani; Drajat Martianto; Linda Karlina Sari; Ahmad Heri Firdaus
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 8 No 1 (2019): August
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v8i1.13

Abstract

This study aims to develop a model of the future of Indonesia’s food consumption up to 2045, using a baseline of food consumption in 2017 and projections to 2025 as milestones, and to draw policy relevance on food and related issues for the next Medium-Term Development Planning of 2020–2024. The projected demand of Indonesian food consumption is built based on the functional relationship between income and food consumption at the baseline using three different scenarios of economic growth: baseline, moderate, and optimistic. Method of Almost Ideal Demand System (AIDS) was implemented to estimate changes of food consumption. Susenas data from 2017 is used as the baseline of food demand model. Susenas data from 1990–2016 is used to analyze selected food consumption trends and the relationship between food consumption, price trends, and income in all 33 provinces of Indonesia. The results show that future food demand in Indonesia is determined by existing demand, income, price and its composition, and various other factors that affect the behavior and trends of consumption. The policy should focus on the balance between demand-side management and supply-side or productivity improvement, as the majority of food production centers are located in Java.
ESTIMATING THE EFFECT OF THE COVID-19 OUTBREAK EVENTS ON THE INDONESIA SECTORAL STOCK RETURN Salsa Dilla; Linda Karlina Sari; Noer Azam Achsani
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 6 No. 3 (2020): JABM Vol. 6 No. 3, September 2020
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.6.3.662

Abstract

COVID-19 has become a global issue that bought a simultaneous effect all over the world. This outbreak has caused a significant impact on the economic stability including the stock market performance. This research used event study methodology to evaluate the Indonesia’s sectoral stock market performance which is represented by companies with the biggest market capitalization in Indonesia. Estimating the COVID-19 outbreak events, the sample of the study consisted of daily sectoral indices stock data from 1 December 2017 to 14 April 2020. The market model is used to predict expected stock returns and simple regression to get the parameters of the equation. By using a t-test, it can be concluded whether the virus outbreak caused an abnormal return on the sectoral indices. The finding showed that the abnormal returns were found in the Basic Industry and Chemicals sector, Infrastructure, Utilities and Transportation sector, Agricultural sector and Mining sector. Furthermore, Basic Industry and Chemical sector, which is represented by Barito Pasific Ltd., give the greatest reaction to the stock market performance in Indonesia due to COVID-19. Keywords: abnormal return, event study, stock return, COVID-19, Indonesia
Pemodelan Volatilitas Return Saham: Studi Kasus Pasar Saham Asia Sari, Linda Karlina; Achsani, Noer Azham; Sartono, Bagus
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 18, No. 1
Publisher : UI Scholars Hub

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Volatility is one of the interesting phenomenon in financial market; the reason is because of its effect to the existence of global financial market. The existence of volatility closely related to the risk in stock model. This research aims to determine the right model in modeling stock return volatility taken from four Asian countries with symmetric and various asymmetric model of GARCH. The result from fitting the right model for all of four stock markets showed that asymmetric model of GARCH showing a better estimation in portraying stock return volatility. Moreover, the model can reveal the existence of asymmetric effects on those four stock markets.
Investigating The Asymmetric Effect of Food Commodity Price on The Volatility in Indonesia Sari, Linda Karlina; Achsani, Noer Azam; Sartono, Bagus; Anggraeni, Lukytawati
Jurnal Manajemen & Agribisnis Vol. 20 No. 3 (2023): JMA Vol. 20 No. 3, November 2023
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.20.3.440

Abstract

Volatility can be measured, but in fact, there is still frequent debate over the selection of precise measurements in describing volatility. In Indonesia, the commodity market is known for its volatile prices, which can impact the livelihood of farmers, traders, and the wider economy. The existence of possible asymmetry in the behavior of food commodity price volatility in the Indonesian market is not yet known. This paper aims to determine the best model to describe the volatility and to investigates the presence of the asymmetric effect on the volatility of food prices in Indonesia, over the period 2009-2019, on a monthly basis. Modeling of volatility uses the GARCH family model, both symmetric and asymmetric. The results showed that the GARCH asymmetric model produces better performance than the symmetric GARCH. Through the best GARCH asymmetric model, the food commodities used in this study showed a statistically significant asymmetrical effect on volatility. Nevertheless, policymakers and market players need to be aware of the impact of market volatility and implement measures such as real-time price information systems to mitigate its effects. The government can increase food production by providing support to farmers in managing supply efficiency and improving agricultural infrastructure. Keywords: agricultural commodity, asymmetric effect, asymmetric GARCH, modeling volatility
Competitiveness of Indonesia's Agricultural Exports To China: Trends and Strategic Insights Novianti, Tanti; Sari, Anggi Mayang; Sari, Linda Karlina; Asikin, Zenal
Jurnal Manajemen dan Agribisnis Vol. 21 No. 3 (2024): JMA Vol. 21 No. 3, November 2024
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jma.21.3.374

Abstract

Background: Economic development in open economies like Indonesia was marked by international trade. Starting with the restoration of diplomatic relations in 1990, China emerged as one of the biggest trading partners for Indonesia. However, Indonesia's competitiveness in the international market remained at a concerning level compared to other major exporters.Purpose: The research was conducted on the competitiveness of Indonesia's agriculture exports to China during 2019-2023, for certain commodities, and described Indonesia's current market position and growth prospects.Design/Methodology/Approach: The paper applied the Revealed Comparative Advantage and the methodologies of Export Product Dynamics in order to judge Indonesia's competitive position in major agricultural products, such as coconut, cashew nut, Brazil nut, coffee, nutmeg, cardamom, palm oil, copra, and natural rubber.Findings/Result: The analysis showed that nutmeg and cardamom showed outstanding growth, placing them in the "Rising Stars" status in the Chinese market, as evidenced by their high export share growth coupled with a high increase in global market share. On the other hand, palm oil and copra recorded negative competitiveness, leading into the "Retreat" quadrant.Conclusion: The study suggested that to build Indonesia's competitiveness in agricultural exports, it was important to improve quality and value addition through processing, besides non-tariff barrier understanding. These strategies would further fortify Indonesia's market position and trade performance at large with China and globally.Originality/value (State of the art): For the first time, this research performed updated research on agri-food products export competitiveness of Indonesia to the Chinese market, by using updated data availability (2019-2023) and combined methodology approach between RCA and EPD. The obtained insights would be very important guidance for policymakers in the formulation of endorsing better trade policies in agricultural commodities within Indonesia to increase its presence in world markets. Keywords: agricultural commodities, business analytics, business policy, market position, international trade
Digital Transparency and Consumer Awareness: Digital Platforms for Educating Consumers about Product Origins and Sustainability Tolegenov, Bakyt; Rafif, Kevin; Rafi, Muhammad; Herawati, Rafidah; Abdullah, Asaduddin; Sari, Linda Karlina
AL-MUZARA'AH Vol. 12 No. 2 (2024): AL-MUZARA'AH (December 2024)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.12.2.277-287

Abstract

This paper investigates the role of digital transparency in enhancing consumer awareness of product origins and sustainability. As consumers increasingly seek to make informed, ethically aligned purchasing decisions, digital platforms - such as blockchain-enabled systems, mobile apps, and e-commerce sites - offer a medium for brands to communicate supply chain transparency. Through a comprehensive literature review, this article examines how transparency practices impact consumer trust, decision-making, and the adoption of sustainable products. Findings reveal that while digital platforms can significantly influence ethical consumption, their effectiveness depends on the clarity, accessibility, and perceived credibility of information presented. Key challenges, including greenwashing and information overload, can hinder transparency efforts, thereby reducing consumer trust. Additionally, stakeholder theory and the theory of planned behaviour provide insights into the ethical responsibilities of brands and the cognitive factors shaping consumer choices. Practical recommendations are offered, including the need for simplified, interactive transparency tools and collaboration with third-party certifiers to enhance authenticity. The study highlights the importance of evolving digital transparency practices to meet the ethical demands of modern consumers and suggests ways for future research to explore the impact of transparency across diverse consumer segments and regions.
Hak Tanah Perairan Suku Bajo: Identifikasi dan Solusi Kelemahan Aspek Legal Asnaedi, Asnaedi; Winoto, Joyo; Harianto, Harianto; Sari, Linda Karlina
Bina Hukum Lingkungan Vol. 9 No. 2 (2025): Bina Hukum Lingkungan, Volume 9, Nomor 2, Februari 2025
Publisher : Asosiasi Pembina Hukum Lingkungan Indonesia (PHLI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24970/bhl.v9i2.388

Abstract

ABSTRAKSuku Bajo, yang dikenal dengan keterikatan mereka pada laut, menghadapi tantangan hukum signifikan terkait hak atas tanah di wilayah pesisir. Meskipun memiliki warisan budaya yang kaya, undang-undang pertanahan Indonesia saat ini tidak secara memadai mengakui ruang hidup berbasis air mereka. Kebijakan pemerintah sering kali lebih mengutamakan eksploitasi ekonomi daripada perlindungan hak-hak masyarakat adat, yang mengakibatkan gangguan pada praktik tradisional dan krisis identitas. Penelitian ini mengidentifikasi kelemahan dalam kerangka hukum yang ada, termasuk ketidakselarasan antara Undang-undang Pokok Agraria dan peraturan lainnya, yang menciptakan kebingungan hukum bagi Suku Bajo. Selain itu, peraturan yang tumpang tindih memperburuk konflik dan menghambat pengakuan hak. Harmonisasi peraturan dan pengakuan terhadap hukum adat sangat penting untuk melindungi hak-hak Suku Bajo dan mendukung keberlanjutan ekonomi mereka. Penelitian ini juga merekomendasikan integrasi praktik terbaik internasional dalam pengelolaan sumber daya pesisir untuk memperkuat perlindungan hak masyarakat adat di Indonesia. Kata kunci: hak atas tanah; hukum adat; kebijakan pemerintah; pengelolaan sumber daya pesisir; perlindungan hak masyarakat adat. ABSTRACTThe Bajo tribe, known for their deep connection to the sea, faces significant legal challenges regarding land rights in coastal areas. Despite their rich cultural heritage, current Indonesian land laws inadequately recognize their water-based living spaces. Government policies often prioritize economic exploitation over the protection of indigenous rights, leading to disruptions in traditional practices and identity crises. This study identifies weaknesses in the existing legal framework, including inconsistencies between the Basic Agrarian Law and other regulations, which create legal ambiguities for the Bajo. Additionally, overlapping regulations exacerbate conflicts and hinder the recognition of rights. Harmonization of regulations and acknowledgment of customary law are essential to safeguard the Bajo's rights and support their economic sustainability. The research also recommends integrating international best practices in coastal resource management to enhance the protection of indigenous rights in Indonesia.Keywords: coastal resource management; customary law; government policy; indigenous rights protection; land rights.
Hak Tanah Perairan Suku Bajo: Identifikasi dan Solusi Kelemahan Aspek Legal Asnaedi, Asnaedi; Winoto, Joyo; Harianto, Harianto; Sari, Linda Karlina
Bina Hukum Lingkungan Vol. 9 No. 2 (2025): Bina Hukum Lingkungan, Volume 9, Nomor 2, Februari 2025
Publisher : Asosiasi Pembina Hukum Lingkungan Indonesia (PHLI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24970/bhl.v9i2.388

Abstract

ABSTRAKSuku Bajo, yang dikenal dengan keterikatan mereka pada laut, menghadapi tantangan hukum signifikan terkait hak atas tanah di wilayah pesisir. Meskipun memiliki warisan budaya yang kaya, undang-undang pertanahan Indonesia saat ini tidak secara memadai mengakui ruang hidup berbasis air mereka. Kebijakan pemerintah sering kali lebih mengutamakan eksploitasi ekonomi daripada perlindungan hak-hak masyarakat adat, yang mengakibatkan gangguan pada praktik tradisional dan krisis identitas. Penelitian ini mengidentifikasi kelemahan dalam kerangka hukum yang ada, termasuk ketidakselarasan antara Undang-undang Pokok Agraria dan peraturan lainnya, yang menciptakan kebingungan hukum bagi Suku Bajo. Selain itu, peraturan yang tumpang tindih memperburuk konflik dan menghambat pengakuan hak. Harmonisasi peraturan dan pengakuan terhadap hukum adat sangat penting untuk melindungi hak-hak Suku Bajo dan mendukung keberlanjutan ekonomi mereka. Penelitian ini juga merekomendasikan integrasi praktik terbaik internasional dalam pengelolaan sumber daya pesisir untuk memperkuat perlindungan hak masyarakat adat di Indonesia. Kata kunci: hak atas tanah; hukum adat; kebijakan pemerintah; pengelolaan sumber daya pesisir; perlindungan hak masyarakat adat. ABSTRACTThe Bajo tribe, known for their deep connection to the sea, faces significant legal challenges regarding land rights in coastal areas. Despite their rich cultural heritage, current Indonesian land laws inadequately recognize their water-based living spaces. Government policies often prioritize economic exploitation over the protection of indigenous rights, leading to disruptions in traditional practices and identity crises. This study identifies weaknesses in the existing legal framework, including inconsistencies between the Basic Agrarian Law and other regulations, which create legal ambiguities for the Bajo. Additionally, overlapping regulations exacerbate conflicts and hinder the recognition of rights. Harmonization of regulations and acknowledgment of customary law are essential to safeguard the Bajo's rights and support their economic sustainability. The research also recommends integrating international best practices in coastal resource management to enhance the protection of indigenous rights in Indonesia.Keywords: coastal resource management; customary law; government policy; indigenous rights protection; land rights.
Do internal controls improve integrity? A comparative study of central and regional governments Nurmalasari, Devi; Dominicus Savio Priyarsono; Linda Karlina Sari
Jurnal Tata Kelola dan Akuntabilitas Keuangan Negara Vol. 11 No. 1 (2025): JTAKEN Vol. 11 No. 1, June 2025
Publisher : Badan Pemeriksa Keuangan Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28986/jtaken.v11i1.2038

Abstract

Integrity is a cornerstone of good governance; yet, its realization remains uneven across various levels of government in Indonesia. This study aims to compare the influence of integrated internal control system components—risk management, internal audit, internal control systems, and corruption control—on the integrity of central and regional government agencies. A quantitative approach is employed using Spearman’s rank correlation and panel data regression analysis on data from 42 central and 491 regional agencies collected between 2022 and 2023. Model selection is based on the Chow, Hausman, and Breusch–Pagan tests. The results show that in regional agencies, risk management, internal control systems, and corruption control significantly enhance integrity, while internal audit does not. Conversely, none of the control components show a significant effect on integrity in central agencies, indicating a gap between system maturity and actual governance outcomes. These differences reflect contextual challenges, including bureaucratic complexity, limited leadership engagement, and a compliance-oriented implementation approach. The study concludes that tailored strategies are needed to strengthen internal audits in regional agencies and to move beyond procedural compliance in central institutions. The study offers practical implications for improving public governance and contributes novel insights through its comparative approach across government levels.
Infrastructure-360: Analyzing the Performance of the Infrastructure Sector from Multiple Sides Helmi Adam; Achsani, Noer Azam; Sembel, Roy H.M.; Sari, Linda Karlina
Jurnal Ilmiah Manajemen Kesatuan Vol. 13 No. 4 (2025): JIMKES Edisi Juli 2025
Publisher : LPPM Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jimkes.v13i4.3688

Abstract

The infrastructure sector serves as the backbone of national economic growth, with both state-owned enterprises (SOEs) and non-state-owned enterprises (Non-SOEs) playing strategic roles in public service delivery and investment. However, the Covid-19 pandemic has disrupted the sector's stability and performance, highlighting the need for a more comprehensive analysis of the internal and external factors influencing company performance across different periods. This study aims to examine the impact of corporate fundamentals, macroeconomic indicators, the Indonesia Composite Index (ICI), and Environmental, Social, and Governance (ESG) factors on the profitability and stock returns of SOEs and Non-SOEs in the infrastructure sector before, during, and after the Covid-19 pandemic. Using a descriptive quantitative approach and quarterly financial data from 2018 to 2023 for 42 companies, the study finds that SOEs demonstrate greater financial stability, while Non-SOEs exhibit higher operational adaptability. ESG-implementing firms generally report better profitability and healthier capital structures, albeit with higher volatility. These findings suggest the importance of enhancing operational efficiency, reinforcing ESG adoption, and maintaining sound financial structures to ensure business sustainability. Future studies are encouraged to explore qualitative aspects such as strategic innovation and governance transformation for more holistic insights.   Keywords: Infrastructure, SOEs, Non-SOEs, Company Performance, Covid-19 Pandemic