Claim Missing Document
Check
Articles

Found 7 Documents
Search

Solve dilemma of corporate sustainability: Research within Indonesian F&B companies Evelyn Indriani; Eka Pria Anas
Proceeding of the International Conference on Family Business and Entrepreneurship 2022: Proceeding of the 5th International Conference on Family Business and Entrepreneurship
Publisher : President University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (632.798 KB) | DOI: 10.33021/icfbe.v2i1.3560

Abstract

Thrilled by changes in consumer behavior patterns and increased community awareness, Corporate Sustainability (CS) to minimize the environmental impact of business activities, is becoming an increasingly important discussion in Indonesia. However, CS is said to be resting on a dilemma between ethical obligations towards society versus economic duties of maximizing profits. As CS generates new stakeholder expectations towards the organization, company should take real action to solve dilemma.  Research suggests that a company should have Strategic Communication (SC) that is built based on negotiation, understanding, and take into consideration “connections and responsibilities to a larger society” while launching CS. This SC will reinforce key proxy elements for successful CS and increased Corporate Performance (CP). Align with the Regulation of Indonesian Minister of Environment 75/2019, this research focused on the company's responsibility to manage plastic waste which includes reduction, collection, reuse, and recycling. The unit of analysis is F&B companies as one of the largest economic contributors in Indonesia but is also responsible for a variety of different environmental impacts. Quantitative data collection through online questionnaires processed with Partial Least Square (PLS) 3.0. The results show that even though company has made CS as one of the work programs, formed a division to handle CS, as well as awareness of changes in consumer behavior, they acknowledge the lack of SC. By proposing a set of conceptual principles that merge theory and practice, results expected to develop answers to the question: how best to communicate CS thereby contributing to the improvement of the CP?
Analysis of The Effect of Funding Strategy on The Company's Financial Performance at PT Jasamarga Related Business Ria Marlinda Paallo; Eka Pria Anas
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (237.119 KB) | DOI: 10.36418/syntax-literate.v7i11.12499

Abstract

Business development is the key to ensure the sustainability of a company. The need for funding to support this development makes the company try to obtain a funding strategy that is in accordance with financial performance. Each investment and risk scheme selected will have an impact on the selection of a funding strategy, this is a case study in research to show the effect of the selected funding strategy on financial performance so that companies obtain appropriate alternative funding strategies. This case study uses an in-depth analysis of financial aspects, sensitivity and simulations conducted at PT Jasamarga Related Business. Based on studies conducted, the funding strategy is a priority requirement for the company in developing the company's business strategy. Financial performance is a reflection of the company's sustainability so that all strategy makers, especially the selection of funding strategies, need to be studied more deeply.
Exploring The Impacts of Technological Disruption on Financial Performance and Business Sustainability: A Case Study of PT Jasa Marga Tollroad Operator (JMTO) Muhammad Aldi Wicaksono; Eka Pria Anas
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (181.339 KB) | DOI: 10.36418/syntax-literate.v7i10.12731

Abstract

The rapid development of technology in recent years has disrupted economic and business activities in all sectors of the world, thus becoming a challenge and threat to companies in maintaining their business continuity and financial performance. Companies face the risk of financial distress if they cannot adapt quickly to changing conditions. This study aims to analyze the impact of technological disruption on corporate financial performance and business sustainability. A case study was conducted on the toll road operators in Indonesia, namely PT Jasamarga Tollroad Operator (JMTO), which is facing a disruptive situation due to changes in technology and toll transaction policies in Indonesia. This research uses a qualitative descriptive case study approach to analyze the company's business model and Strategy. It uses a quantitative method by calculating financial projections and measuring company performance using financial ratios. The results of the study show that the company's financial performance has decreased significantly and can potentially be exposed to financial distress if management does not have an effective adaptation strategy in dealing with technological disruptions. This contributes to providing an overview of the impact of technological disruption on the company's performance and business continuity, thus encouraging company management to develop an effective adaptation strategy plan in dealing with various changes.
Feasibility Analysis And Scenario For Infrastructure Projects With Low Return on Investment In Indonesia Reza Kazhimi; Eka Pria Anas
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (388.591 KB) | DOI: 10.36418/syntax-literate.v7i10.12890

Abstract

As a developing country, Indonesia is currently rampant in implementing infrastructure development. However, there are infrastructure projects (especially toll road projects) that are included in the National Strategic Project (PSN) but have low financial feasibility. Despite this, they are economically and socially politically feasible, and require a particular strategy to ensure the project can still be implemented. The analysis will be conducted by conducting in-depth case studies on infrastructure projects with low investment feasibility in Indonesia. These case studies aim to obtain a clear picture of the problem and identify the best solution/strategy to improve the feasibility of the project, enabling its implementation. Additionally, the impact of implementing the best scenario on its financial feasibility will be determined. Based on the analysis results, shortening the toll road segment is the best scenario that offers the highest financial feasibility. The second alternative involves seeking construction support from the Government to complete the toll road from Besuki to Banyuwangi, which represents the final stretch of the toll road on Java Island. The provision of VGF (Viability Gap Funding) in the form of construction support aims to facilitate the connection of the Probolinggo-Banyuwangi toll road and ensure a profitable rate of return on investment for Toll Road Business Entities, who are the investors in this project.
Feasibility Study of Integrated Rest Area Project of Taman Mini Indonesia Indah Hendra Gunawan; Eka Pria Anas
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (292.73 KB) | DOI: 10.36418/syntax-literate.v7i10.12910

Abstract

The Integrated Rest Area Project of Taman Mini Indonesia Indah is one of transit oriented development in a strategic location because it’s the starting point for commuters from around the east and south of Jakarta (Pondok Gede, Bekasi, Cibubur, and surrounding areas). Another strategic aspect is the existence of Inner City toal roads, Jagorawi toll roads, JORR toll roads, Halim Perdanakusuma Airport, LRT, Tamini Square Shopping Center, and Taman Mini Indonesia Indah, which are aimed for the upper and middle class with the target of young professionals and public. This research aims to determine the feasibility of the Integrated Rest Area Project of Taman Mini Indonesia Indah when viewed from the aspects of feasibility study by making an analysis of the sensitivity of the Integrated Rest Area of Taman Mini Indonesia Indah to the impact of variable changes on NPV with optimistic, most likely, and pessimistic scenarios, and analyze the impact of changes in capital structure on project financing that affect the project's NPV. Based on the assumptions, the integrated Rest Area Project of Taman Mini Indonesia Indah is feasible to do because it produces a positive Net Present Value, IRR > discount factor, PI > 1 and Payback Period before the operating period. The use of 40% of loans turns out to produce the most optimal NPV. This project is feasible.
Impact of Global Energy Index and Crude Oil & Coal Price to Indonesia Stock Indices Ghani Fikri Yasri; Eka Pria Anas
Eduvest - Journal of Universal Studies Vol. 3 No. 7 (2023): Journal Eduvest - Journal of Universal Studies
Publisher : Green Publisher Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59188/eduvest.v3i7.848

Abstract

Oil prices have stagnated from 2015 to early 2020. After the crisis caused by Covid-19, oil prices slowly increased and even reached their highest point in the last 10 years in mid-2022. Coal prices reached an all-time high at the end of 2021 before then increasing again in early 2022. The significant increase in coal and oil prices was triggered by the war between Russia and Ukraine. The embargo on Russian oil and coal has contributed to the decline in coal and oil stocks as fuel for power plants in Europe. This research determines the impact of the volatility of oil prices, coal prices, and global energy price index on the stock price index in Indonesia. Does global energy price index, which consists of crude oil and coal prices affect Indonesia stock indices more precisely. This study show volatility of oil prices and coal prices affects company stock prices in Europe. The analysis examined Jakarta Composite Index, LQ45 Index, Jakarta Islamic Index, and Sectoral Index for the 2018-2022 periods. Several techniques, including ordinary least square, linear regression, and multiple regression. The increases of the oil prices, coal prices, and global energy indices affect the stock price index in Indonesia. The study will help investor to understand the impact of oil, coal price volatility and global energy index to several Indonesia stock indices.
Relationship Quality and Flexibility of Partnering with Suppliers on the Performance of Innovations Mediated by Knowledge Sharing (Case Study on the Steel Industry in Indonesia) Giovani Anward; Eka Pria Anas
Proceeding of International Conference on Global Innovation and Trend in Economics Vol. 4 (2022): Proceeding of The 4th International Conference on Global Innovation and Trends in Eco
Publisher : Fakultas Ekonomi Dan Bisnis Universitas Pelita Harapan

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

Abstract

Given that most of the operational costs of steel companies are in the main raw materials, steel companies need to pay attention to how they relate to suppliers to improve innovation performance. Thus, this study aims to determine whether the relationship quality and flexibility of partnering with suppliers can affect innovation performance, namely the quality and innovation speed through knowledge sharing. Data was collected through a questionnaire obtained from the national steel company association IISIA and obtained 107 company respondents. The data were processed and analyzed using structural equation modeling (SEM) to test the overall fit of the model and test the causality relationship between variables. The results of this study indicate that the relationship quality has a significant effect on the innovation quality only through knowledge sharing. On the other hand, the quality of the relationship can increase the innovation speed directly without sharing knowledge. The next result is that partner flexibility can increase the innovation speed significantly and also the innovation quality without knowledge sharing. Several managerial implications and suggestions for further research are also presented in this study.