Garuda - Garba Rujukan Digital

Implementation of Inclusive Closed Loop in Improving Production Efficiency and Sustainability Endarwan, Hendy; Rasyid, Aliy; Etwanto, Gary Putra
Operations Research: International Conference Series Vol. 6 No. 3 (2025): Operations Research: International Conference Series (ORICS)
Publisher : Indonesian Operations Research Association (IORA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47194/orics.v6i3.401

Amidst increasing external pressures related to sustainability, such as international regulations, stakeholder expectations, and global consumer demands, the rubber industry is required to develop internal strategies that are not only operationally efficient but also adaptive to the transformation towards environmentally friendly production and supply chain practices. This study aims to analyze the implementation of an inclusive closed-loop supply chain as a strategic approach for companies to integrate production efficiency, waste reduction, and respond to institutional pressures for sustainability. The novelty of this study lies in the integration of an inclusive closed-loop approach that goes beyond the traditional concept of recycling, prioritizing the active participation of all internal actors (production, procurement, sustainability) and strengthening cross-functional relationships within the organization as the basis for the transition to a green supply chain. This research is built on a combined theoretical framework: the Natural Resource-Based View (NRBV) to explain internal capabilities in creating a competitive advantage based on sustainable resources; Institutional Theory to identify the influence of external pressures on organizational behavior; and Stakeholder Theory to explore the dynamics of expectations and the involvement of key actors in the value chain. The method used is a quantitative explanatory approach, with data collection through a survey of managers at rubber processing companies in Indonesia. Data were analyzed using Structural Equation Modeling - Partial Least Squares (SEM-PLS) to examine the relationships between inclusive closed-loop dimensions, operational efficiency, green supply chains, and companies' strategic adaptation to sustainability pressures. The expected results indicate that inclusive closed-loop supply chains contribute significantly to achieving operational efficiency and waste reduction, while strengthening companies' capabilities in building environmentally friendly supply chains and production processes. These findings are expected to provide theoretical contributions to the development of resource- and institutional-based sustainability strategies, as well as practical implications for companies responding to global challenges through inclusive and sustainable business model transformations.

Kemunculan Reksa Dana ESG di Indonesia Analisis Strategis Investor Ritel : The Emergence of ESG Mutual Funds in Indonesia: A Strategic Analysis of Retail Investors Etwanto, Gary; Endarwan, Hendy; Rasyid, Aliy
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.139

This study explores the growth potential of Environmental, Social, and Governance (ESG)-based mutual funds in Indonesia, while highlighting their implications for retail investors. Building on the findings of Sweta and Yadav (2025) in India, the research applies the PESTEL and SWOT frameworks to capture the local dynamics. The analysis reveals a regulatory paradox: on the one hand, the Financial Services Authority (OJK) promotes sustainable finance through its roadmap and taxonomy; on the other hand, government deregulatory measures such as the Omnibus Law tend to weaken environmental protection. This condition creates an investment landscape that is simultaneously full of opportunities and uncertainties. Key opportunities arise from Indonesia’s young and digitally literate demographics, cultural and religious values aligned with ESG principles, and the rapid growth of the fintech ecosystem. Fintech serves not only as a distribution channel but also as an educational tool, helping to overcome classical barriers such as low financial literacy and perceptions of product complexity. Nevertheless, significant threats remain, including economic volatility that suppresses retail investors’ purchasing power, the risk of greenwashing due to the absence of standardized disclosure, and policy inconsistencies that may undermine the credibility of the ESG market. This article recommends concrete measures to strengthen Indonesia’s sustainable investment ecosystem, including disclosure standardization, digital-based literacy campaigns, and the innovation of hybrid Shariah–ESG products. The synergy among regulators, asset managers, and fintech platforms is essential for building an ESG mutual fund market that is transparent, resilient, and trusted by investors. With these strategies, Indonesia has the potential to become one of the leading hubs of sustainable finance in Southeast Asia.** Purpose: To analyze the strategies and prospects of the emergence of ESG mutual funds in Indonesia, with a focus on retail investors. Methodology: This study employs a qualitative approach through literature analysis, regulatory review, and the application of PESTEL and SWOT frameworks. Findings: The analysis identifies a paradox between OJK’s regulatory support and the government’s deregulatory environmental policies. Opportunities arise from young digital-savvy demographics, fintech as a distribution and education channel, and synergies with Islamic finance. Key barriers include low financial literacy, greenwashing risks, and policy inconsistencies. Keywords: ESG Mutual Funds, Sustainable Finance, Retail Investors, PESTEL, SWOT, OJK, Fintech.

Memperkuat Koneksi Akademik dan Pengalaman Lintas Budaya melalui Program “Bridging Asian Minds: Vietnam Experience”: Strengthening Academic Connections and Cross-Cultural Experiences through the “Bridging Asian Minds: Vietnam Experience” Endarwan, Hendy; Etwanto, Gary Putra; Evi, Tiolina
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.145

Objective: The academic and cultural exchange between the University of Economics and Finance (UEF), Ho Chi Minh City, Vietnam, and the Perbanas Institute, Indonesia, held from August 8–9, 2025, was a huge success. The program, themed "To Bridging Asian Minds: Vietnam Experience with UEF," aimed to strengthen cross-border academic networks, broaden research horizons, and deepen cultural understanding.Methodology: The series of activities included a scientific seminar on sustainable development in the ASEAN region, an interactive discussion on the application of ESG in the banking sector, a visit to a company developing a sustainable industrial park, and an exploration of cultural and historical sites in Ho Chi Minh City and Tay Ninh.Research Findings: The results of this collaboration demonstrate that it effectively builds knowledge bridges, strengthens institutional relationships, and fosters the internationalization of sustainable education in the Asian region.Keywords: Academic exchange, internationalization of education, sustainable development, ESG, cross-border cooperation

Makna Keberlanjutan bagi Petani Rakyat dalam Industri Karet Remah: Studi Kualitatif Kritis di Sumatera Selatan: The Meaning of Sustainability for Smallholder Farmers in the Crumb Rubber Industry: A Critical Qualitative Study in South Sumatra Endarwan, Hendy; B Elu, Wilfridus; Evi, Tiolina; Etwanto, Gary Putra
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.156

Abstract : This study examines the discourse of sustainability in Indonesia’s crumb rubber industry through a critical paradigm. Objective : To explore the meaning of sustainability from the perspective of smallholder farmers, analyze the influence of power dynamic within the rubber industry, and identify local forms of resistance against the dominance of corporate sustainability discourse. Methodology : This research employs a qualitative approach using Fairclough’s Critical Discourse Analysis (CDA) method. Data were collected through in-depth interviews, focus group discussions (FGDs), participatory observation, and analysis of policy documents and corporate social responsibility (CSR) reports. The analysis covers three CDA dimensions: text, discursive practice, and social practice. Research Results : The study finds that the sustainability discourse in the crumb rubber industry is dominated by a technocratic paradigm emphasizing efficiency and certification, while smallholder farmers interpret sustainability as livelihood continuity, fair pricing, and economic independence. A counter-narrative emerges in the form of “sustainability from below,” emphasizing social justice and local knowledge. The research highlights the importance of structural transformation through an Inclusive Closed-Loop Supply Chain (ICLSC) model that promotes equity and participation. Keywords : critical sustainability, smallholder farmers, crumb rubber industry, critical paradigm, social discourse, CDA

Pemberdayaan Ekonomi Petani Karet melalui Inovasi Produk dari Pelepah Daun Pinang : Economic Empowerment of Rubber Farmers through Product Innovation from Areca Palm Leaf Sheaths Endarwan, Hendy; Etwanto, Gary Putra
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.157

Abstract : This study explores the economic empowerment of smallholder rubber farmers through product innovation using areca palm leaf sheaths as eco-friendly raw materials. Objective : To strengthen the economic resilience of smallholder rubber farmers through community-based innovation, promoting value-added utilization of agricultural waste and integrating local enterprises into sustainable value chains. Methodology : A qualitative descriptive approach combined with participatory action research (PAR) was employed to analyze the process, impact, and community involvement in this empowerment program. Data were collected through observation, interviews, focus group discussions, and documentation of field activities in Musi Banyuasin, South Sumatra. Research Results : The program successfully trained over 30 farmers and established a community production unit capable of producing more than 200 units of eco-tableware. The initiative increased household income by 20–30%, improved livelihood capital, and reduced environmental waste through the conversion of organic residues into biodegradable products. Farmers demonstrated high enthusiasm and independence in production, supported by local cooperatives. The activity also opened potential export opportunities and contributed to circular economy practices, reinforcing sustainable supply chains within the rubber industry. Keywords : economic empowerment, rubber farmers, community innovation, areca leaf sheath, circular economy, sustainability

Regulatory Support, Quality Standards, and Strategic Partnerships in the Development of Micro, Small, and Medium Food Enterprises (Food SMEs) in Indonesia: Dukungan Regulasi, Standar Kualitas, dan Kemitraan Strategis dalam Pengembangan Usaha Mikro, Kecil, dan Menengah Pangan (Food SMEs) di Indonesia Etwanto, Gary Putra; Setyawan, Handy; Endarwan, Hendy; Asmara, Muhammad Dini; Manurung, Marah Kerma Mardame; Riyanto, Rendy
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.159

Objective : This study aims to comprehensively analyze the institutional ecosystem that supports the sustainability and competitiveness of Indonesia's Food Micro, Small, and Medium Enterprises (SMEs). Methods : Using a descriptive policy analysis approach, the research identifies and maps three core pillars that determine the development of the sector: (1) regulatory compliance and quality standards, (2) government and cooperative support, and (3) strategic partnerships and initial funding. The data were derived from official policy documents, institutional programs, and community-based engagement with Food SME actors. Research results : The study finds that certifications such as Halal, BPOM, P-IRT, NKV, and HACCP are essential to ensure food safety, consumer confidence, and market access. Government bodies and cooperatives enhance SME capacity through training, financial support, and resource sharing, while partnerships with State-Owned Enterprises (PKBL) and private firms (CSR) contribute capital, management guidance, and innovation support.

Divergent Paths, Common Destinies: Comparative Sustainability Transitions in Indonesia and Vietnam : Jalan Berbeda, Takdir Bersama: Transisi Keberlanjutan Komparatif di Indonesia dan Vietnam Riyanto, Rendy; Manurung, Marah Kerma Mardame; Asmara, Muhammad Dini; Endarwan, Hendy; Setyawan, Handy; Etwanto, Gary Putra
Jurnal Bisnis dan Ekonomi Vol 3 No 4 (2025): Jurnal Bisnis dan Ekonomi
Publisher : OGZ Research & Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61597/jbe-ogzrp.v3i4.161

Objective : This paper presents a policy-oriented comparative analysis of sustainability transitions in Indonesia and Vietnam, focusing on institutional frameworks, governance structures, and policy coherence in the pursuit of sustainable development. Methods : Drawing on primary policy documents, national development plans, and reports from international organizations such as the World Bank, UNDP, and ASEAN, the study adopts a descriptive qualitative methodology to map the interconnections between economic reform, environmental policy, and social inclusion. Research results : The study finds that Indonesia’s decentralized governance fosters participation but suffers from fragmentation, while Vietnam’s centralized model ensures policy coherence yet limits transparency. Their sustainability paths are complementary: Indonesia excels in participatory management, Vietnam in coordinated green industrialization. Integrating both approaches can strengthen ASEAN’s regional sustainability and low-carbon resilience.

Title

Found 7 Documents
Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title Search

Found 7 Documents Search

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Title

Found 7 Documents
Search