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All Journal International Journal of Supply Chain Management International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Journal of Social Science Asian Multidisciplinary Research Journal of Economy and Learning
Siregar, Narumondang Bulan
Faculty Of Economics And Business Universitas Sumatera Utara, Indonesia
Humanities Chemistry Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Engineering Environmental Science Immunology & microbiology Industrial & Manufacturing Engineering Law, Crime, Criminology & Criminal Justice Library & Information Science Materials Science & Nanotechnology Physics Social Sciences Transportation Other

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Implementation of IFRS Convergence and Corporate Supply Chain Management on Earnings Quality (Study on Oil Plantations Companies in Indonesia and Malaysia) Narumondang Bulan Siregar; Azhar Maksum; Rina Br Bukit; Badaruddin Badaruddin
International Journal of Supply Chain Management Vol 8, No 5 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (402.633 KB)

Abstract

The purpose of this paper is to examine the correlations of IFRS implementation and corporate social responsibility on Earnings quality of Indonesia and Malaysia Oil Plantations companies, during the full convergences of IFRS period (2012-2016). The logistics industry is becoming increasingly competitive, and supply chains becoming increasingly complex. This research is using data from the annual financial report issued by the company that is registered at the Indonesian stock exchange and Malaysia stock exchange, from 2012 to 2016. The population of this research is plantation companies that are listed on the Indonesian stock, as much as 15 company and exchange Malaysia, as much as 40 companies. To examine the impact of IFRS convergence and CSR on the quality of earnings of companies listed on Oil Palm Company in Indonesia and Malaysian Stock Exchange, it was tested using SPSS with Canonical Test.Main Findings: The main findings of this study indicate that the convergence of IFRS and CSR has a significant effect on the value of Indonesia and Malaysia Oil Plantation Companies. Implications: This study has two implications: First, when IFRS implementation shows an important role in improving the quality of earnings, the policymakers should encourage companies to fully adopt the IFRS. Second, taking into account that CSR is an important factor in increasing earnings quality, policy makers need to increase the role of disclosure of CSR information from voluntary to mandatory. Novelty/Originality: As far as the knowledge of the authors, research that has been conducted specifically on plantations that have certain characteristics in the application of IAS 41 and CSR problems in two countries are quite complicated and have not been done by many researchers.
Empowering Ulos Artisans through Financial Literacy and Digital Marketing: A Sustainable Approach to Preserving Cultural Heritage in Sipirok, Indonesia: English Siregar, Narumondang Bulan; Nasution, Abdillah Arif; Herubawa, Dio Agung; Azhar, Ibnu Austrindanney Sina
Asian Multidisciplinary Research Journal of Economy and Learning Vol. 1 No. 6 (2024): December 2024
Publisher : CV. ARGA FARMA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70471/sn564045

Abstract

The ulos weaving business in Padang Bujur Village, Sipirok District, North Sumatra, plays a vital role in preserving cultural heritage and supporting the local economy. However, these enterprises face significant challenges, including inadequate financial management skills and limited digital marketing adoption. These issues were exacerbated during the COVID-19 pandemic, which disrupted traditional sales channels and reduced market demand. This program documents a community service program aimed at addressing these challenges through two key interventions: basic accounting training and the adoption of digital marketing strategies. The program provided artisans with practical knowledge in financial management, including transaction recording, cash flow management, and simple financial reporting. Furthermore, digital marketing solutions such as the creation of blogs, utilization of social media platforms, and optimization of e-commerce tools were introduced to expand market reach and improve product visibility. The results demonstrated a significant improvement in artisans' financial literacy and their ability to manage business finances transparently and effectively. Additionally, the implementation of digital marketing strategies increased customer engagement and broadened the market for ulos products, including access to national and international buyers. This program highlights the importance of integrating traditional craftsmanship with modern business practices to sustain micro-enterprises in the digital era. Future efforts should focus on advanced training and fostering partnerships with stakeholders to ensure long-term sustainability and growth.
Determinants of Intrinsic Value in Plantation Companies: An Analysis of Palm Oil Productivity, Firm Size, and Financial Performance on Indonesia Stock Exchange: English Rina Sitepu, Dewinta; Fachrudin, Khaira Amalia; Bulan Siregar, Narumondang
Asian Multidisciplinary Research Journal of Economy and Learning Vol. 1 No. 6 (2024): December 2024
Publisher : CV. ARGA FARMA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70471/yy9p8k06

Abstract

The palm oil industry is a cornerstone of Indonesia’s economy, contributing significantly to GDP, exports, and employment. As the largest global palm oil producer, Indonesia supports a vast international market but faces challenges related to productivity and sustainability. This study investigates the influence of productivity, firm size, profitability, liquidity, and leverage on the intrinsic value of plantation companies listed on the Indonesia Stock Exchange (IDX) from 2018–2022. Employing a quantitative methodology, panel data regression analysis was applied to a sample of 14 companies, selected through purposive sampling, representing a focused yet representative subset of the population. Intrinsic value was calculated using the Free Cash Flow to Firm (FCFF) model under the Discounted Cash Flow (DCF) approach. The findings reveal that firm size significantly enhances intrinsic value, indicating that larger firms benefit from economies of scale and better access to financing. However, productivity, profitability, liquidity, and leverage, while positively correlated, show statistically insignificant effects, suggesting that external factors such as global commodity price volatility and inefficiencies in financial management may play a role. This study underscores the critical role of firm size in driving intrinsic value while calling for further exploration of external factors impacting the palm oil sector. The results offer valuable insights for investors and policymakers in fostering financial performance and sustainable industry growth.
THE ROLE OF DYNAMIC CAPABILITY IN IMPROVING SUSTAINABLE PERFORMANCE: MEDIATION OF ENVIRONMENTAL SOCIAL GOVERNANCE (ESG) STRATEGY IN PALM OIL COMPANIES IN MEDAN Della Andriyani Ridwan; Sambas Ade Kesuma; Narumondang Bulan Siregar
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 5 No. 3 (2025): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v5i3.3264

Abstract

This study investigates the role of dynamic capabilities, specifically absorptive capability and adaptive capability, in enhancing sustainable performance, with Environmental, Social, and Governance (ESG) strategy as a mediating variable. Using an empirical approach, data were collected from 100 employees of palm oil companies operating in Medan, Indonesia, through a full sampling method. Data analysis was conducted using SPSS for descriptive statistics and SmartPLS for Partial Least Squares Structural Equation Modeling (PLS-SEM). The results confirm the significance of all five hypothesized relationships, indicating that both absorptive capability and adaptive capability have a positive effect on sustainable performance, with ESG strategy serving as a mediating variable. Among the two capabilities, adaptive capability has the strongest direct and indirect influence, while absorptive capability shows the weakest effect. These findings provide empirical support for the dynamic capability framework and confirm the validity and reliability of the measurement instruments used. This study contributes to the literature on sustainable business practices in emerging markets, particularly within resource-based industries. Additionally, it offers practical implications for corporate managers, policymakers, and stakeholders by highlighting the strategic value of enhancing dynamic capabilities to drive ESG integration and long-term sustainable performance.
ANALYSIS OF FRAUD TRIANGLE FACTORS AND FINANCIAL DISTRESS THAT INFLUENCE FINANCIAL STATEMENT FRAUD IN REAL ESTATE COMPANIES LISTED ON THE IDX Vahrunnisa Purba; Abdillah Arif Nasution; Narumondang Bulan Siregar
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 5 No. 3 (2025): June
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v5i3.3266

Abstract

This study aims to determine the influence of fraud triangle factors including financial stability, external pressure, opportunity and rationalization and financial distress on financial statement fraud in Real Estate companies listed on the IDX in 2018 - 2022. The study was conducted based on the 2022 ACFE report that financial statement fraud has the highest average loss of any type of fraud and it is known that the Real Estate industry is the industry that experiences the most average losses from fraud. The sampling technique used was purposive sampling with a sample of 33 companies during 5 years of observation so that the total number of observation samples was 165. The analysis technique used was regression analysis on quantitative data with panel data on Eviews software version 13. The results of the study indicate that opportunity and financial distress have a positive effect on financial statement fraud and rationalization has a negative effect on financial statement fraud. While financial stability and external pressure do not affect financial statement fraud.
The Effect of Company Fundamentals on Sharia Stock Prices with Earning Per Share as a Moderating Variable in Jakarta Islamic Index 70 Period 2018-2021 Fathia, Sakina; Yahya, Idhar; Siregar, Narumondang Bulan
Journal of Social Science Vol. 4 No. 4 (2023): Journal of Social Science
Publisher : Syntax Corporation Indonesia

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Abstract

An investor who wants to invest must consider his investment goals, by looking at the range of the length of time to anticipate risks that may occur as little as possible. So the most important thing for investors is to understand what investment instruments are suitable and will be chosen to be used in investing, and to achieve the purpose of the investment itself, namely the acquisition of profits in the future. In this study the author used quantitative descriptive method. Quantitative research according to Sujarweni (2021: 39) is a type of research that produces findings that can be achieved using statistical procedures. Meanwhile, according to Sujarweni (2021: 39), quantitative research is a process to find knowledge that uses data in the form of numbers as a tool to analyze information about what you want to know.
ANALYSIS OF THE INFLUENCE OF GOOD CORPORATE GOVERNANCE ON COMPANY VALUE WITH PROFITABILITY AS A VARIABLE MODERATION IN MANUFACTURING COMPANIES LISTED ON INDONESIA STOCK EXCHANGE Sirait, Fransiska; Bukit, Rina; Bulan Siregar, Narumondang
International Journal of Economic, Business, Accounting, Agriculture Management and Sharia Administration (IJEBAS) Vol. 2 No. 4 (2022): August
Publisher : CV. Radja Publika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijebas.v2i4.317

Abstract

This study aims to determine the effect of good corporate governance, namely the size of the board of commissioners, managerial ownership, institutional ownership, independent commissioners and risk management on firm value in manufacturing companies listed on the Indonesia Stock Exchange. In addition, this study also aims to determine whether profitability can be used as a moderating variable in the model.The research design is a causal relationship research with a quantitative approach. The sample in this study was 57 manufacturing companies listed on the IDX from 2016 to 2020. The type of data used in this study is secondary data. The sampling technique used was purposive sampling. And the data analysis technique used multiple linear regression analysis and interaction test (moderating) which was carried out with the help of SPSS software.The results in this study indicate that partially the size of the board of commissioners has no significant effect on firm value. Institutional ownership has a negative and significant effect on firm value. Managerial ownership, independent commissioners and risk management have a positive and significant impact on firm value. Meanwhile, profitability cannot moderate the size of the board of commissioners, institutional ownership, managerial ownership, independent commissioners and risk management on firm value in manufacturing companies listed on the Indonesia Stock Exchange.
Co-Authors Abdillah Arif Nasution Azhar Maksum Badaruddin Badaruddin Della Andriyani Ridwan Dio Agung Herubawa Fathia, Sakina Ibnu Austrindanney Sina Azhar Idhar Yahya Khaira Amalia Fachrudin Nasution, Abdillah Arif Rina Br. Bukit Rina Bukit Rina Sitepu, Dewinta Sambas Ade Kesuma Sirait, Fransiska Vahrunnisa Purba