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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.
EVALUATING THE EFFECTIVENESS OF SOCIAL PROTECTION IN REDUCING STUNTING IN INDONESIA Damanik, Mario; Rachmawati, Rika Reviza; Mufidah, Lyli; Malik, Farmawaty; Lestari, Esta
Indonesian Journal of Health Administration (Jurnal Administrasi Kesehatan Indonesia) Vol. 13 No. 2 (2025): December
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jaki.v13i2.2025.206-218

Abstract

Background: Social protection programs constitute sensitive interventions addressing the underlying causes of stunting. However, empirical evidence regarding the extent to which social protections contribute to reducing stunting remains inconclusive. Aims: This study examines the correlation between social protection programs and the incidence of stunting in Indonesia, utilizing data from the 2022 Survey of the Nutritional Status of Indonesian (SSGI) with a sample size of 323,887 children aged 3 to 60 months. Methods: The study employed binary logistic regression, with childhood stunting incidence as the dependent variable. This method enables the estimation of the probability of stunting based on variations in program exposure. The key programs of interest are Program Keluarga Harapan (PKH), Bantuan Langsung Tunai (BLT), Bantuan Pangan Non-Tunai (BPNT), and Wilayah Prioritas Stunting (DPS), incorporating other control variables related to child, household, and household infrastructure characteristics. Results: BLT is positively associated with stunting, while PKH, BPNT, and DPS show no significant effects. Conversely, access to clean water, sanitation, and clean cooking energy reduces stunting, underscoring the role of health-related infrastructure and the limited contribution of social protection programs to child nutrition. Conclusion: In a policy perspective, the findings underscore the need for greater harmonization between social assistance programs and broader improvements in health, nutrition, environmental conditions, targeted education, health behaviour towards improved nutritional intake, and healthy practices. A novel contribution of this study is offering one of the largest nationally representative analyses linking multiple social protection programs (PKH, BPNT, BLT, and DPS) to stunting outcomes using SSGI 2022 data at the individual level.  Keywords: Stunting, Family Hope Program (PKH), Direct Cash Transfer (BLT), Non-Cash Food Assistance (BPNT), Stunting Priority Areas (DPS).
Study of Environmental Carrying Capacity to Support Increased Agricultural Land Productivity in Bantaeng Regency: Studi Kapasitas Daya Dukung Lingkungan untuk Mendukung Peningkatan Produktivitas Lahan Pertanian di Kabupaten Bantaeng Attar, Andi Farmy Zul Fariruddin; Amru, Khaerul; Damanik, Mario; Anjani, Raissa; Yustisia, Dian; Bakri, Asri
Jurnal Teknologi Lingkungan Vol. 27 No. 1 (2026): Jurnal Teknologi Lingkungan
Publisher : BRIN Publishing (Penerbit BRIN)

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

Abstract

Abstrak Salah satu fenomena perubahan iklim yang banyak dibahas belakangan ini adalah fenomena El Niño yang menyebabkan kekeringan berkepanjangan. Selain itu, konversi lahan juga berdampak buruk pada ketersediaan lahan di Kabupaten Bantaeng. Oleh karena itu, penelitian ini bertujuan untuk mengetahui daya dukung lingkungan termasuk daya dukung air dan daya dukung lahan di Kabupaten Bantaeng. Penelitian ini dilakukan dengan menggabungkan analisis deskriptif kuantitatif untuk membandingkan ketersediaan air dan lahan dengan kebutuhan air dan lahan, dan hasilnya kemudian diklasifikasikan ke dalam kelas daya dukung air (DDA) dan daya dukung lahan (DDL). Kemudian dilanjutkan dengan analisis SWOT dan IFAS-EFAS untuk menentukan strategi peningkatan produktivitas pertanian di Kabupaten Bantaeng. Berdasarkan hasil perhitungan Daya Dukung Air di Kabupaten Bantaeng, angka 4,72, yang termasuk kategori daya dukung air yang baik. Sementara itu, DDL di Kabupaten Bantaeng menunjukkan angka 0,007, yang dikategorikan sebagai daya dukung lahan berlebih atau buruk. Sementara itu, berdasarkan hasil analisis SWOT dan matriks IFAS-EFAS, strategi yang harus segera dilakukan berada di kuadran ST. Strategi ini mencakup: 1) Mengelola kualitas sumber air yang tersedia; 2) Memanfaatkan jenis tanah dan iklim yang mendukung melalui penanaman vegetasi yang memiliki nilai ekonomi dan ekologi tinggi; 3) Meminimalkan kegiatan konversi lahan menjadi permukiman dan tambang nikel, menggantinya dengan jenis lahan yang memiliki nilai ekonomi dan ekologi tinggi seperti hutan atau hutan bakau; dan 4) Penetapan aturan untuk mengurangi konversi lahan.   Abstract One of the climate change phenomena that has been discussed in recent times is the El Nino  phenomenon which causes prolonged drought. In addition, land conversion also has a bad impact on land availability in Bantaeng Regency. Therefore, this study aims to determine the environmental carrying capacity including water carrying capacity and land carrying capacity in Bantaeng Regency. The research was conducted by combining quantitative descriptive analysis to compare water and land availability with water and land needs, and the results were then classified into water carrying capacity (DDA) and land carrying capacity (DDL) classes. Then it continued with SWOT and IFAS-EFAS analysis to determine strategies to increase agricultural productivity in Bantaeng Regency. Based on the results of the calculation of the Water Carrying Capacity in Bantaeng Regency, the number 4.72, which is a category of good water carrying capacity. Meanwhile, DDL in Bantaeng Regency shows a figure of 0.007, which is categorized as excess or poor land carrying capacity. Meanwhile, based on the results of the SWOT analysis and the IFAS-EFAS matrix, the strategy that must be carried out immediately is in the ST quadrant. The strategy includes: 1) Managing the quality of available water sources; 2) Utilizing soil types and a supportive climate through planting vegetation that has high economic and ecological value; 3) Minimizing land conversion activities into settlements and nickel mines, replacing them with land types that have high economic and ecological value such as forests or mangroves and; 4) Establishment of rules to reduce land conversion