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Financial Performance of The Main Palm Oil Companies in Indonesia and The Influencing Factors Muhammad Siddik Elfian; Harianto; Nimmi Zulbainarni
Business Review and Case Studies Vol. 4 No. 1 (2023): BRCS, Vol 4 No 1, April 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.1.62

Abstract

Palm oil is a promising agricultural commodity in Indonesia. Many companies enter this industry. Business development and area expansion done to fulfill the world market needs for oil palm plantation products, especially Crude Palm Oil (CPO). Business development requires capitals. Capitals obtained by oil palm plantation companies from investors and creditors through shares and loans. Investors and creditors need a criteria to invest in this industry. The criteria commonly used is seeing the company's financial performance. The company's financial performance can be analyzed using Economic value added. In this study, there are seven Indonesian oil palm companies that will be analyzed using Economic value added (EVA). EVA is chosen because it can decide the companies’ financial performance properly. There are several factors that affect the value of EVA. These factors are the Rupiah exchange rate, the Indonesian bank interest rate, corporate profits, pandemic dummy and CPO prices. These factors are seen for their influence on the value of EVA by using panel data regression analysis. The factors that affect the value EVA are the rupiah exchange rate and the company's profit. Oil palm companies can maximize the opportunity of those impacted factors to gain profit and fix their financial performance. Keywords: palm oil companies, financial performance, EVA, panel data regression
Optimalisasi Peran Pemerintah Melalui Badan Bank Tanah Sebagai Land Manager Negara Dalam Pengelolaan Penyediaan Tanah Bagi Kepentingan Pembangunan: Optimising The Government Role Through Indonesia Land Bank Authority As The State Land Manager In Managing Land Provision For Development Himawan Arief Sugoto; M. Syamsul Maarif; Budi Mulyanto; Harianto
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol. 10 No. 1 (2024): JABM, Vol. 10 No. 1, Januari 2024
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.10.1.275

Abstract

The limited availability of land and the high price of land make it difficult for the government to carry out sectoral development. To overcome this problem, the government has established a special agency (sui generis) in 2021, the Indonesia Land Bank Authority. The purpose of this study is to conduct a study of the regulations and legal entities that manage the provision of land using the Regulatory Impact Assessment (RIA) research method. The scope of the study is limited to regulations and institutions related to land provision management, namely Perumnas, BP Batam, Land Bank Agency and Private Enterprises. The results show the limited role of the Ministry of ATR/BPN and the suboptimal role of various forms of institutions as state land managers in managing land supply, especially in relation to overlapping land acquisition functions in existing agencies. In conclusion, this research proposes a policy that the only appropriate institution as the State Land Manager is the Land Bank Agency due to its specificity (sui generis), which can flexibly carry out public and private interests in land supply management. However, in its implementation, this agency needs regulatory support to effectively become the state land manager, namely through a one-door policy for the government's land acquisition function. Keywords: state land manager, Indonesia land bank authority, ria, public and private interest, land provision management
Integration of Triple Bottom Line In Supplier Selection Process (Case Study at Indonesia Bottled Water Company) Aditya Asmara Nala; Harianto; Popong Nurhayati
Business Review and Case Studies Vol. 4 No. 3 (2023): BRCS, Vol 4 No 3, December 2023
Publisher : School of Business, IPB University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/brcs.4.3.290

Abstract

PT ABC is an Indonesia bottled water company that continues to strive to adopt sustainability efforts in every aspect of its business process, including on their supplier selection process. This study aims to determine the usage of TBL criteria in current formulation of supplier selection decisions at PT Tirta Investama; to determine what are the TBL integrated selection criteria and its assessment indicators which needed to select suppliers appropriately; and how to use them to select suppliers at PT ABC. Researchers conducted in-depth interviews with 4 procurement managers of PT ABC to find out the usage of TBL criteria in current formulation of supplier selection decisions. Currently, economic perspective still becomes the only one focus in supplier evaluation process in PT ABC. In fact, environmental and social concern still not significantly underlie supplier evaluation process which lead to selection decisions. The determination of TBL integrated selection criteria and its assessment indicators begins through literature review and finalized with focus group discussion (FGD). In this study, researchers established 13 TBL integrated selection criteria and 20 assessment indicators to select suppliers at PT ABC. Those criteria and indicators are then used to select suppliers in 4 main material categories of PT ABC using the analytical hierarchy process (AHP) method. Based on this selection process, a ranking of suppliers of each material category is obtained, resulting in PT A2 as top selected supplier in gallon bottle category, PT B1 as top selected supplier in gallon cap category, PT C1 as top selected supplier in preform category, and PT D1 as top selected supplier in screw cap category. Keywords: AHP, business sustainability, supplier selection, supplier selection criteria, triple bottom line