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The Determinants and Impact of Mandatory Disclosure In Indonesian Manufacturing Companies Istiningrum, Andian Ari; Muhtadi, Muhammad Zaky Za'im
Journal of Economics, Business, and Accountancy Ventura Vol. 21 No. 1 (2018): April - July 2018
Publisher : Universitas Hayam Wuruk Perbanas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14414/jebav.v21i1.1052

Abstract

The primary objective of this research is to determine the factors that have an association with mandatory disclosure and stock return. This research investigated 47 manufacturing companies listed on the Indonesia Stock Exchange in 2012. Mandatory disclosure in this research used items required to be disclosed under IAS 16 and IAS 17. The data analysis used the path analysis by setting two structural equation models. The Sobel Test was used to determine whether mandatory disclosure functions as a mediator. The research proved a significantly positive association of company age with the mandatory disclosure in contrast to company size and company profitability. This implies that the investors are able to find complete and transparent information in the financial statement of mature manufacturing companies.  Moreover, company size, company profitability, and mandatory disclosure have a significant positive association with stock return. This implies that it is necessary for the companies to disclose information as required by the accounting standard in Indonesia and the investors may recognize the big and the high profitability manufacturing companies as the places to invest. However, mandatory disclosure does not function as a mediator between company size, company age, company profitability and stock return.
Optimizing LNG efficiency by implementing reliquefaction technology to reduce boil-off gas and enhance profitability Muhtadi, M. Zaky; Rayazen, Ichsan; Istiningrum, Andian Ari; Sugito, Bambang
Jurnal Polimesin Vol 22, No 6 (2024): December
Publisher : Politeknik Negeri Lhokseumawe

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30811/jpl.v22i6.5607

Abstract

Run an analysis of this abstract, focusing on its relevance, format, flow, and coherence. Technological advancements compel companies to enhance the efficiency of their business operations, including those in the oil and gas sector. Natural gas, particularly Liquefied Natural Gas (LNG), is a vital commodity in significant demand. A primary challenge within the LNG supply chain is minimizing the losses caused by gas evaporation (boil-off gas) during distribution and reception. This study proposes the implementation of a reliquefaction plant on a 170,000 m³ Floating Storage and Regasification Unit (FSRU). Through this innovative approach, this study aims to optimize the utilization of Boil-off Gas (BOG) and augment the company's revenue. The results indicate that the liquefaction plant can reduce BOG by 77 percent, significantly outperforming conventional methods. The economic feasibility analysis revealed a Net Present Value (NPV) of $82,892,970 and an Internal Rate of Return (IRR) of 25 percent, suggesting substantial profit potential. Furthermore, the reliquefaction of 1,777.6 MMBtu BOG per day could potentially increase the company's revenue by IDR 94,078,421,500 annually, surpassing initial estimates. This study contributes significantly to the advancement of more efficient LNG management technologies, providing concrete solutions to minimize energy waste and enhance profitability within the LNG industry. These findings facilitate the implementation of similar technologies at other LNG facilities, potentially transforming industry-wide practices.
The Competitiveness of National Solar Modules in Residential Market: Perspective of EPC Companies Dwi Nurma Heitasari; Ibnu Lukman Pratama; Andian Ari Istiningrum; Qonita Hana Insyira
MATRIK: JURNAL MANAJEMEN, STRATEGI BISNIS, DAN KEWIRAUSAHAAN Vol. 20 No. 1 (2026)
Publisher : Faculty of Economics and Business Udayana University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24843/MATRIK:JMBK.2026.v20.i01.p06

Abstract

Indonesia has a significant potential for silica sand. Yet, the utilization of solar energy is less than that of fossil fuels, while the conversion of renewable energy is becoming increasingly prevalent. On a residential scale, as the largest consumer of electricity, the use of solar modules has not yet reached the scale targeted by the government, in part due to the preferences of Engineering, Procurement, and Construction (EPC) companies, which assemble solar modules, in choosing imported solar modules over domestic solar modules, which are associated with residential market expectations, resulted in the low of domestic component level value. The objective of this study is to determine the considerations of EPC companies when comparing solar modules. The analysis employs quantitative and qualitative research using Expert Choice Software through the Analytical Hierarchy Process method. The respondents came from industrial experts of solar module EPC companies in Indonesia. The study indicates that cost criteria exert the most significant influence on the selection of solar modules. It is necessary to enhance product quality criteria by increasing research and development to reduce prices and improve the competitiveness of national products.