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FACTORS AFFECTING THE FINANCIAL PERFOMANCE OF AGRICULTURAL COMPANY’S: EVIDENCE FROM THE INDONESIA STOCK EXCHANGE Intan, Dian Retno; Malau, Leo Rio Ependi; Rambe, Khoiru Rizqy; Damanik, Mario
Agrisocionomics: Jurnal Sosial Ekonomi Pertanian Vol 8, No 2 (2024): June 2024
Publisher : Faculty of Animal and Agricultural Science, Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/agrisocionomics.v8i2.18578

Abstract

The Indonesian economy is primarily based on the agriculture sector, even growing when other sectors are down. This role is supported by the existence of agricultural companies that run businesses with profit-oriented goals. The company's ability to generate profits reflects the company's financial performance and is influenced by various factors. Using panel data for the years 2015–2021 from 17 agricultural companies listed on the Indonesia Stock Exchange (IDX), this study aims to determine the influence of internal and external factors on the financial performance of agricultural companies in Indonesia. The results of static panel data regression found that the company's growth and the dummy of the Covid-19 pandemic had a positive and significant effect on the company's financial performance which was proxied through the profitability ratio (ROA). Debt asset ratio (DAR), COGS/sales, and exchange rate have a negative and significant effect on ROA. In general, these results confirm the pecking-order theory in the relationship between ROA and DAR, as well as the ability of agricultural companies in Indonesia to survive in the conditions of the Covid-19 pandemic. The implication for improving the performance of agricultural companies in Indonesia is that companies must be able to reduce the percentage of production costs (COGS/sales) and implement an optimal capital structure mix. Companies are also required to carry out good risk management to anticipate exchange rate fluctuations.
Potential Absorption and Economic Carbon Valuation of Teak (Tectona grandis) at Hasanuddin University City Forest for Supporting Emission Reduction in Makassar City Amru, Khaerul; Ura', Resti; Nadjib, Nardy Noerman; Rahmila, Yulizar Ihrami; Damanik, Mario
Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan (Journal of Natural Resources and Environmental Management) Vol 13 No 3 (2023): Jurnal Pengelolaan Sumberdaya Alam dan Lingkungan (JPSL)
Publisher : Pusat Penelitian Lingkungan Hidup, IPB (PPLH-IPB) dan Program Studi Pengelolaan Sumberdaya Alam dan Lingkungan, IPB (PS. PSL, SPs. IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jpsl.13.3.481-491

Abstract

The diversity of plants/vegetation in the UNHAS City Forest certainly has a positive impact on the environment. One type of plant species in the UNHAS urban forest is Teak (Tectona grandis L.f.). The community views Teak as a plant that only has economic potential because of the quality of its wood, but it is also necessary to know that this plant is suspected to have potential as an environmental service provider. So it is necessary to know more about the ability of teak plants to absorb carbon dioxide. Through this research, estimating carbon stored in Teak stands (Tectona grandis L.f.) was carried out by taking a case study in the City Forest at the Hasanuddin University Campus. The method of collecting emission data was collected from the Bapenas manuscript website, which was used to collect data on the potential of biomass in this study using non-destructive methods. The data collected includes the diameter, height, and specific gravity of teak trees. The diameter of the teak plant is obtained by surveying each individual teak plant. The emissions produced by Makassar City in 2022 are 6,944,242.74 tons of CO2eq. Teak trees located in the urban forest of Hasanuddin University then succeeded in reducing 455.93 - 482.48 tons of CO2eq according to carbon absorption calculations. The economic valuation of carbon reserves located in teak stands in the urban forest of Hasanuddin University ranges from USD 206.76 / Rp. 2,998,020 tons / ha to USD 218.8 / Rp. 3,172,600 tons / ha
Potential Increase in Local Original Government Revenue (PAD) of Cilacap Regency from the Carbon Pricing Sector Amru, Khaerul; Anjani, Raissa; Damanik, Mario; Wibisono, Suryo; Rahmila, Yulizar Ihrami
Jurnal Wilayah dan Lingkungan Vol 13, No 1 (2025): April 2025
Publisher : Department of Urban and Regional Planning, Diponegoro University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/jwl.13.1.1-11

Abstract

Climate change in almost all regions including Indonesia not only has an impact on decreasing environmental quality, but also has an impact on the sustainability of the local economy. This is exacerbated by a decrease in carbon sequestration due to land use change and an increase in carbon emissions from various activities. This study aims to conduct an inventory of sequestration, emissions, and carbon valuation so that information about the potential increase in Regional Original Revenue (PAD) of Cilacap Regency from the carbon pricing sector can be obtained. Land cover data from Rupabumi Indonesia (RBI) was converted into carbon sequestration values according to the sequestration constant. Meanwhile, carbon emission data was obtained from Aksara-Bappenas. The results of the sequestration and emission are used for Net Zero Emission (NZE) evaluation which is then evaluated as a potential increase in PAD from the carbon pricing sector. This study showed the potential for sequestration and carbon emissions in the Cilacap Regency of 7,191,181.44 tons CO2 eq and 4.971.555,00 tons CO2 eq respectively. The sequestration that is greater than emissions shows the NZE achievement with an economic value of USD 4,439,252.88 or has the potential to increase PAD by 23.75% from 2022 gains.