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Strategi Pengembangan Inkubator Bisnis Sebagai Lembaga Pendampingan Perusahaan Pemula: Studi Kasus Inkubator Bisnis IPB Heriyanto S Soba; Rokhani Hasbullah; Nunung Nuryartono
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 4 No. 1 (2018): JABM Vol. 4 No. 1, Januari 2018
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.4.1.96

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Business Incubator is a model in growing technology-based entrepreneurship. Compared with the other countries, the business incubator in Indonesia has not been well developed. In fact, the contribution of the business incubator is significant for the successes of the entrepreneurs and the economy in general. This study aimed to analyze the development strategy of business incubators (IncuBie) of IPB by analyzing the internal (Internal Factor Evaluation/IFE) and external (External Factor Evaluation/EFE) factors. This study applied SWOT analysis (Strengths-Weaknesses-Opportunities-Threats), and determined the alternative development strategy using Quantitative Strategic Planning Matrix (QSPM). The SWOT analysis showed four alternative development strategies. Meanwhile, the QSPM matrix analysis showed that an interesting strategy to be selected from various strategic alternatives that are available is by increasing the support to the business incubator through the implementation of regulation and provision of particular financing scheme based on its performance and services to the tenants. This strategy managed a number of strengths to take advantage of the existing opportunities (strengths-opportunities/SO) with the highest total attractive score (STAS).Keywords: business incubator, IFE, EFE, SWOT, QSPM
Pengaruh Faktor Internal dan Eksternal Perusahaan Terhadap Nilai Perusahaan Ungkap Pasaribu; Nunung Nuryartono; Trias Andati
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 5 No. 3 (2019): JABM Vol. 5 No. 3, September 2019
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.5.3.441

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The purpose of this study is to investigate the influence of internal and external factors on the firm value of property and real estate companies listed in Indonesia Stock Exchange. The dependent variable used in this study is Price to Book Value. The Internal factors used in this study are a debt to equity ratio, asset growth, and return on equity, while the external factors used are inflation, exchange rates, and economic growth. The data collected from financial statements of companies in property and real estate companies listed in Indonesia Stock Exchange during the period from 2013 to 2017, and samples were taken from 20 companies. Panel data regression was applied to establish the relationship between dependent and independent variables. The results showed that the internal factors such as debt to equity ratio, return on equity, and asset growth had a significant positive relationship with price to book value. The external factors such as inflation had a significant positive relationship with a price to book value, the exchange rate had a significant negative relationship with a price to book value and the economic growth had no relationship with a price to book value. This study recommends that companies take a policy of using debt as a source of investment financing and also need to improve company performance. Companies need to pay attention and anticipate the changes of external factors, especially exchange rates, because the exchange rate is the most influential factor in the value of the company.Keywords: debt to equity ratio, exchange rate, property, price to book value, return on equityAbstrak: Penelitian ini bertujuan menguji pengaruh faktor internal dan eksternal perusahaan terhadap nilai perusahaan subsektor properti dan real estate yang terdaftar di Bursa Efek Indonesia. Nilai perusahaan dalam penelitian ini diukur dengan Price to Book Value (PBV). Faktor internal yang dipilih adalah struktur modal yang dihitung dengan Debt Equity Ratio (DER), asset growth, dan profitabilitas yang dihitung dengan Return on Equity (ROE). Sedangkan faktor eksternal yang dipilih adalah inflasi, kurs dan pertumbuhan ekonomi. Pengambilan contoh menggunakan metode purposive sampling dengan kriteria sampel merupakan perusahaan di industri sektor properti dan real estate yang memiliki laporan keuangan periode kuartal tahun 2013 hingga 2017 yang lengkap, dan diperoleh 20 perusahaan. Hasil penelitian menunjukkan bahwa faktor internal DER, ROE, dan asset growth berpengaruh positif terhadap PBV. Faktor eksternal inflasi berpengaruh positif terhadap PBV, sedangkan kurs berpengaruh negatif terhadap PBV, dan PDB tidak berpengaruh terhadap nilai perusahaan. Penelitian ini merekomendasikan perusahaan untuk mengambil kebijakan menggunakan utang sebagai sumber pembiayaan investasi dan juga perlu meningkatkan kinerja perusahaan. Perusahaan perlu memberikan perhatian dan antisipasi terhadap perubahan faktor eksternal, khususnya nilai tukar karena nilai tukar adalah faktor yang paling berpengaruh terhadap nilai perusahaan.Kata kunci: debt to equity ratio, nilai tukar, properti, price to book value, return on equity
Efficiency and sustainability of microfinance: Study case agribusiness microfinance institutions in Bogor Triane Widya Anggriani; R. Nunung Nuryartono; Bambang Juanda; Jaenal Effendi
Jurnal Keuangan dan Perbankan Vol 23, No 4 (2019): October 2019
Publisher : University of Merdeka Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26905/jkdp.v23i4.3591

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Microfinance is one of the solutions in poverty alleviation in rural areas. The existence of financial access in a rural area, with hope, low-income society can increase their revenues and eventually able to escape the circle of poverty. The agribusiness microfinance institution is the institution that provides financing services to farmers in rural areas. However, agribusiness microfinance institution is facing sustainability problems. We analyzed financial sustainability in terms of the cost-efficiency of the Agribusiness Microfinance Institution (AMFI). The study utilized a parametric approach method of Stochastic Frontier Analysis (SFA). The sampling technique used was purposive sampling, namely AMFI possessing two years of financial reports (in the year 2016-2017) around Bogor District, there were fifteen AMFIs qualified. The result indicates AMFIs' efficiency value in Bogor District almost approaching 100%. It means that the AMFIs' financial performance in Bogor District was highly efficient. Labor cost is a very responsive variable in the total cost. However, AMFIs' labor cost was low. This matter caused administrator performance in servicing their customers to become not optimal, thus impacting the unsustainability of AMFI.JEL Classification: G21, G23DOI: https://doi.org/10.26905/jkdp.v23i4.3591
ANALISIS PENGARUH KINERJA KEUANGAN DAN VARIABEL MAKROEKONOMI TERHADAP RETURN SAHAM SUBSEKTOR PERKEBUNAN Faizul Mubarok; Hermanto Siregar; Nunung Nuryartono
Signifikan: Jurnal Ilmu Ekonomi Vol 3, No. 2, Oktober 2014
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (494.886 KB) | DOI: 10.15408/sigf.v3i2.2058

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EVA and MVA are used to indicate the creation of value in an investment. Arbitrage Pricing Theory (APT) explained that macroeconomic variables have a systematic effect on return. The aim of this study is to analyze and to measure the effect of financial performance and macroeconomic variables on the stock return of estate plantation sub-sector at Indonesia Stock Exchange. Data are processed by using panel data, analysis which consist of six companies which are listed on the estate plantation sub-sector and using quarterly data from 2007 to 2013. By using the Pooled Least Square (PLS) the result show that the variables of MVA, oil, inflation, interest rate and crisis have significant effects on the stock return of estate plantation sub-sector while the variables of MVA and the world oil price do not have significant effect on the stock return of estate plantation sub-sector.DOI: 10.15408/sjie.v3i2.2058
PENGARUH ECONOMIC SHOCK TERHADAP PENERIMAAN PAJAK PADA KANTOR WILAYAH PAJAK DI INDONESIA Eddi Wahyudi; Bunasor Sanim; Hermanto Siregar; Nunung Nuryartono
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 10, No 1 (2009): JEP Juni 2009
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v10i1.809

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The purpose of this research is to analyse how far the economic shock influence upon the tax revenue performance in the regional tax office. The research is conducted using yearly time series data within 2002 to 2007 and also applying two indicators: Income Tax and Value Added Tax. By using the panel data analysis the result upon 31 Kanwil Directorate General of Tax (DGT) whole Indonesia it is known that the fluctuation variable of Tax Early Warning System (TEWS) gives positive effect to the tax income performance at Kanwil Khusus, Kanwil WP Besar 1 and 2, Kanwil Jakarta Selatan and Kanwil Jakarta Pusat. Overall the entire research result explains that Indonesia economic condition until he year of 2007 is still in the small open economy status and identically to New Keynes theory. The conclusion is as if the research about the Indonesia business cycle previously and consistent with the initial assumption applied.
The Impact of Microcredit Interest Subsidy Accessibility on Paddy Farms' Performance Iman Widhiyanto; Nunung Nuryartono; Harianto Harianto; Hermanto Siregar
Jurnal Ekonomi Pembangunan: Kajian Masalah Ekonomi dan Pembangunan Vol 19, No 1 (2018): JEP 2018
Publisher : Muhammadiyah University Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jep.v19i1.5505

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Capital is required in farm to buy input such as fertilizer, pesticide, seed, land rent, labor wage, and to adopt the latest technology. To ease the burden of loan interest and to increase the access of farm to formal credit, the government provides interest subsidy for Food Security and Energy Credit (Kredit Ketahanan Pangan dan Energi, KKP-E). This study was aimed to analyze the impact of accessing KKP-E on paddy farms’ performance. The methods used in this study are descriptive analysis and propensity score matching model. Accessibility of KKP-E in research location was able to increase fertilizer use of 16.98 percent, pesticide use of 40.23 percent, labor outside farm household use of 43.08 percent, production of 58 percent, productivity of 23.64 percent, and farm profit of 84.5 percent. This quite high increase in percentage was due to the reason that farm business scale in this study was categorized as small-scale business.
KINERJA PRODUKTIVITAS DAN FAKTOR YANG BERPENGARUH TERHADAP TOTAL FACTOR PRODUCTIVITY (TFP )TAMBAK UDANG INDONESIA Ono Juarno; Rina Oktaviani; Akhmad Fauzi; Nunung Nuryartono
Jurnal Sosial Ekonomi Kelautan dan Perikanan Vol 6, No 2 (2011): DESEMBER (2011)
Publisher : Balai Besar Riset Sosial Eonomi Kelautan dan Perikanan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (849.728 KB) | DOI: 10.15578/jsekp.v6i2.5770

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Kuantitas produksi udang tambak Indonesia meningkat signifikan dalam dua dekade terakhir, dari 97,2 ribu ton tahun 1989 menjadi 352 ribu ton tahun 2010, dengan puncaknya 409 ribu ton pada tahun 2008. Studi ini bertujuan untuk menganalisis kinerja produktivitas tambak udang dan mengetahui faktor-faktor yang mempengaruhi TFP menggunakan pendekatan angka Indeks Tornqvist Theil. Hasil studi menunjukkan bahwa pertumbuhan udang tambak Indonesia periode 1989-2008 lebih karena pertumbuhan input/faktor produksi bukan karena pertumbuhan TFP. TFP berfluktuasi disebabkan belum berhasil diatasinya permasalahan penyakit. Hasil konfirmasi pada tingkat lapang menggunakan data primer dari 163 petak tambak menunjukkan bahwa serangan penyakit berpengaruh negatif dan signifikan terhadap TFP. Intensifikasi, benur bersertifkat, dan lamanya pendidikan berkorelasi positif, akan tetapi kondisi riil Indonesia berbeda yaitu mayoritas tambak dikelola secara non intensif. Studi ini juga menunjukkan bahwa luas pengusahaan dan sistem kerjasama antara pembudidaya dengan lembaga pemasaran lainnya berpengaruh negatif terhadap TFP. Terkait dengan hal itu, pemerintah perlu memprioritaskan meningkatkan produktivitas dengan mengatasi serangan penyakit melalui penambahan anggaran riset bidang penyakit, penyediaan benur bermutu, peningkatan sumber daya manusia (SDM). Selain itu, diperlukan regulasi dalam hal pengaturan pola tanam dengan penggantian species yang dapat memutus rantai penyakit. Disamping itu, direkomendasikan agar mengurangi padat penebaran. Tittle: Productivity Performance and Factors Influencing to the Total Factor Productivity (TFP) of Indonesia Shrimp Cultured.Production of Indonesian shrimp cultured has experienced a remendeous growth during the last two decades with its peak performance at 409 metric tons in the year of 2008. The objective of this research was to analyze productivity performance of Indonesian shrimp cultured using the Tornqvist Theil Index and its determinants. Results showed that source of growth was mainly due to input gowth. TFP fluctuations were mainly because of disease outbreaks. Using field data comprises a total of 163 ponds confirm that disease outbreaks plays an important role in lowering TFP. Intensification, fry certification, and education halved a positive correlation with TFP. However, the Indonesian shrimp farmers in majority cultured the shrimps using traditional system. On the other hand, cooperation between farmers and other marketing institution and total pond area show a negative effects on achieving higher TFP. Therefore, the government could improve farmed shrimp productivity through increasing research budget on diseases, improving seed quality and human resources. The government should also put a priority regulation on changing cropping system accompanied by changing shrimp species cultured so that carrier agents of diseases can be broken. Apart from these, lowering stocking density was also suggested.
Kredit Ketahanan Pangan dan Energi: Implementasi dan Persepsi oleh Petani Padi Iman Widhiyanto; Nunung Nuryartono; nFN Harianto; Hermanto Siregar
Analisis Kebijakan Pertanian Vol 15, No 2 (2017): Analisis Kebijakan Pertanian
Publisher : Pusat Sosial Ekonomi dan Kebijakan Pertanian

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (752.664 KB) | DOI: 10.21082/akp.v15n2.2017.99-112

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Agricultural sector is the government’s priority through fiscal policies. One of the policies implemented is the interest rate subsidy for Food and Energy Security Credit Program (KKP-E). Some Banks had been appointed and in collaboration with the government to provide KKP-E. KKP-E program had lower interest rate than the market rate and it was expected that the farmers could access it. KKP-E was intended to meet the needs of agricultural equipment and farm inputs purchase. Since the program rolled out from 2008 to 2015, the implementation of KKP-E was below the credit limit. This study aimed to analyze the KKP-E implementation, farmers’ perspectives of KKP-E, and change from KKP-E to KUR (People’s Business Credit) for Agricultural Sector. Results of the study showed that KKP-E disbursement was relatively low. KKP-E distribution channels needed enhancement and the credit could not satisfy all farm business. Farmers did not receive KKP-E from the bank on time. Continuity of subsidized credit was important for farmers. Basic scheme of KKP-E program should be applied to KUR for Agricultural Sector. The government and the Banks need to be more actively in socializing the program, to improve financial education, to utilize more advanced technology, and to simplify bureaucracy. AbstrakPemerintah berusaha untuk membangun sektor pertanian melalui berbagai instrumen kebijakan fiskal. Salah satu kebijakan yang telah digulirkan adalah subsidi bunga Kredit Ketahanan Pangan dan Energi (KKP-E). Pemerintah bekerjasama dengan bank pelaksana menyediakan KKP-E. Petani diharapkan dapat mengakses KKP-E karena tingkat bunganya lebih rendah dari pasar. KKP-E digunakan untuk memenuhi kebutuhan pembelian peralatan pertanian dan input usaha taninya. Sejak digulirkan pada tahun 2008 sampai dengan 2015, realisasi penyaluran KKP-E masih jauh di bawah plafon kredit, dan realisasi subsidi bunga tidak efisien pada tahun-tahun awal digulirkannya subsidi bunga KKP-E. Penelitian ini bermaksud menganalisis secara diskriptif implementasi KKP-E, perspektif usaha tani terhadap KKP-E, dan perubahan KKP-E menjadi KUR (Kredit Usaha Rakyat) sektor pertanian. Data di lapangan menunjukkan bahwa jangkauan KKP-E masih rendah, saluran distribusi KKP-E perlu ditambah, terjadi fungibility penggunaan KKP-E, pinjaman KKP-E belum dapat memenuhi semua kebutuhan usaha tani, dan pencairan KKP-E masih lama dan tidak tepat waktu. Usaha tani menginginkan agar skim kredit dengan subsidi bunga dapat dilanjutkan di masa yang akan datang. Kemudahan-kemudahan yang ada pada KKP-E hendaknya diterapkan pada KUR sektor pertanian. Pemerintah bersama bank pelaksana perlu lebih masif melakukan sosialisasi dan edukasi keuangan dengan memanfaatkan teknologi yang lebih maju dan menyederhanakan birokrasi. 
ANALISIS FAKTOR-FAKTOR DETERMINASI PASAR BENIH KELAPA SAWIT DI INDONESIA Tony Liwang; Arief Daryanto; E. Gumbira-Said; Nunung Nuryartono
Manajemen Bisnis Vol. 1 No. 1 (2011): April
Publisher : Universitas muhammadiyah malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jmb.v1i1.1320

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* Plant Production and Biotechnology Division, PT SMART Tbk., Jakarta** Manajemen dan Bisnis, Institut Pertanian Bogor, Bogor.Email : toniyLiwang@smart-tbk.comABSTRACTThe development of oil palm (Elaeis guinensis Jacq.) industry in Indonesia was very fast,especially within the last decade. This rapid development was in line with the increasing of land usedfor oil palm plantation and the availability of oil palm hybrid seeds. Until 2009 the demand of oilpalm certified hybrid seeds was beyond its supply which has resulted into the usage of the illegal oilpalm seeds with low quality. One of the strategies to solve the shortage of certified hybrid seeds wasto increase the number of seed producer in Indonesia, so that since 2009 the oil palm seeds produceddomestically was over supplied. However, the usage of illegal oil palm seeds was still taking place.Therefore, this research was designed to analysis the determinant factors of oil palm seeds market inIndonesia based on consumer's demography profile, purpose and frequency seed purchase,costumer satisfaction level and seed compatibility. This research was based on the survey taken fromthe respondents in the regency of Siak, Kampar and Rokan Hulu, province of Riau. Selection of therespondents was used the convenience sampling method and later on by judgmental sampling. Slovinmethod was used to determine number of respondent. Data was analyzed using descriptive analysisand ordinal logistic regression analysis. The results of data analysis shown that the amount of soldseeds was depend on demographic factors, i.e. gender, education level, activity and consumer statusin company, but not age of consumers. The purpose and frequency to purchase the oil palm seedswere negatively correlated to the number of sold seeds. Moreover, the level of customer satisfactionhas significant effect on the number of sold seeds.Keyword: consumer, seed, oil palm, determinant factors, analysis of ordinal logistic.
IMPLEMENTASI PINJAMAN TUNDA TEBANG HUTAN RAKYAT DI KABUPATEN BLORA DAN KABUPATEN WONOSOBO, PROVINSI JAWA TENGAH Duhita Herlyn Lusiya; Dudung Darusman; Nunung Nuryartono
Jurnal Penelitian Sosial dan Ekonomi Kehutanan Vol 17, No 2 (2020): Jurnal Penelitian Sosial dan Ekonomi Kehutanan
Publisher : Pusat Penelitian dan Pengembangan Sosial, Ekonomi, Kebijakan dan Perubahan Iklim

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20886/jpsek.2020.17.2.117-135

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Loan for delaying timber harvesting known as Pinjaman Tunda Tebang (PTT) launched by the government to help forest farmer in order to fulfill their needs. This program is designed to delay the harvesting of young trees till can reach the cycle age for optimum sustainability and economic value. The study aims to determine farmer’s understanding and loan implementation based on PTT principle in Blora and Wonosobo Regencies by using quantitative approach and descriptive statistics analysis. Data collection was carried out through interviews and questionnaires to 222 respondents. The results showed that understanding of the debtor farmers are among others: the loan process is complicated and time-consuming, lack of commitment to the contract, useful loan, and satisfy with loan mechanism compared to middlemen. Implementation of PTT related to the “appropriate subject” and “appropriate location” is in accordance with the provisions. However, there is still disobedience to some commitments, such as “appropriate activity” commitment by harvesting the collateral tree before the contract ended, non-smooth repayment of loans by some farmers on the “appropriate disbursement and repayment” commitment. The study recommends: a) bureaucratic and procedural mechanisms improvement to accelerate the process, precise, and useful; b) improvement of rules or procedures related the harvesting due to force majeure such as pest and disease attack and its protection, field assistants, as well as  field technical guidance, especially  the resilience of tree label.
Co-Authors ., Harianto Achsani, Noer Azham Adila, Dara Adler H. Manurung Aji Hamim Wigena Akhmad Fauzi Alfian Helmi Alfiana Ainurrahma Amzul Rifin Aprilia Sukmawati Arief Daryanto Arif Satria ASEP SAEFUDDIN Bambang Juanda Bambang Siswaji Bang Bangsawan Bintan Badriatul Ummah Bonar M. Sinaga Budi Purwanto Bunasor Sanim Bustanul Arifin Bustanul Arifin Carunia Mulya Firdausy Dara Adila Desak Putu Ristami Paramita Dewi Rohma Wati Dian Verawati Panjaitan Didin Hafidhuddin MS Dudung Darusman Duhita Herlyn Lusiya Dwi Rachmina Dwirayani, Dina E. Gumbira-Said Eddi Wahyudi Eddi Wahyudi, Eddi Eka Intan KP Eka Intan Kumala Putri Erliza Noor Eva Anggraini Faizul Mubarok Farida Farida Fikrotus Salma, Dzikrina Gumbira Sa'id Guruh Herman Harianto . Harianto Harianto Harianto Harianto Helentina Situmorang Heriyanto S Soba Herlambang, Resandy Hermanto Siregar Hermanto Siregar Hoeriyah, Lilis Hutagaol, Manuntun Paruliah Imam Teguh Saptono Imam Wahyudi Iman Widhiyanto Iman Widhiyanto Ingratubun, Muhammad A Irfan Syauqi Beik Isventina Isventina JAENAL EFFENDI Koes Pranowo Lay, Jann Lilis Hoeriyah Luh Putu Ratna Sundari Lukytawati Anggraeni M. Efendi Arianto Mandar Oak Masbantar Sangadji Muhammad Fazri Muhammad Gunawan Sani Saputro Muhammad Said Didu Nana Rodiana Nidaa Nazaahah Kusumawati Nimmi Zulbainarni Nunung Kusnadi Nurul Taufiqu Rochman Nurwati, Etty Oak, Mandar Ono Juarno Rachman, Muhammad Ibrahim Ratna Winandi Rina Oktaviani Rina Oktaviani Rochman, E, Nurul Taufiqu Rokhani Hasbullah Sa’id, Gumbira Salahuddin El Ayyubi Silaban, Maman Kurniawan Syahputra Sinaga, Bonar M. Sinaga, Roeskani Siska Fibriliani Sahat Sri Hartoyo Sri Hartoyo Suarsih, Siti Syamsul Hidayat Pasaribu Syarifah Amaliah Tauhid Ahmad Tobing, Adil Toni Bakhtiar Tony Liwang Triane Widya Anggriani Trias Andati Ungkap Pasaribu Vionencia P.S. Faria Freitas Wibisono Chandra Widhiyanto, Iman Widyastutik Yandra Arkeman Yani Mulyaningsih Zednita Azriani Zednita Azriani Zednita Azriani Zenal Asikin