Companies In Indonesia Research Articles

Cylinder segment mount modification to reduce cylinder segment downtime problems on curing machines

In tire manufacturing companies in Indonesia, there is a tire production process consisting of material, building, curing, and final inspection. The curing process is the process of changing green tires into tires which takes place in a mold segment at temperature and pressure according to predetermined specifications. On the BOM 63.5 curing press machine there is a segmented cylinder that functions to press the mold segment. The problem that often occurs in curing machines is that the segment cylinder breaks. This causes quite high machine downtime. The number of cylinder segment bolt holes influences the strength of the bolt connection. Therefore, it is necessary to modify the cylinder segment bolt-hole holder so that the bolt can support the cylinder load. The results of this modification can reduce curing machine downtime problems and can increase company productivity. Based on the results of this research, it can be concluded that 6 bolts are safer than 4 bolts. The downtime problem of the cylinder segment after modification decreased by 94%. The previous one was 15181.18 minutes to 1038.11 minutes

Analisis Diversifikasi, Merger, dan Akuisisi Perusahaan

This research aims to analyze the diversification, mergers and acquisitions of manufacturing companies in Indonesia. The research method used is descriptive qualitative analysis with a literature study approach. The results show that the diversification analysis was developed with various objectives including increasing growth when the existing market/product has reached a maturity stage, maintaining stability by spreading the risk of profit fluctuations, increasing credibility in the capital market, to avoid dependence on a single item or product in circulation. in the market, fulfill the wishes of unsatisfied consumers, increase the attractiveness or interest of consumers, increase sales turnover, increase profits by using the same ingredients, and prevent consumer boredom. Keywords: Diversification, Mergers, and Company Acquisitions.

The examining the relationship of telework intensity and work-family conflict: Work autonomy as moderator

Purpose: While telework offers many advantages during the COVID-19 pandemic, it can also increase pressure and lead to greater work-family conflict for workers. Work autonomy plays a key role in moderating the relationships of telework and work-family conflict. The purpose of this study was to examine the influence of work autonomy on the relationship between telework intensity and work-family conflict. Method: This study involved participants from various e-commerce companies in Indonesia with a total of 86 workers who meet the criteria of working telework, married and having children under 18 years. The data of this study were analysed using hierarchical regression analysis that to assess the moderator role of work autonomy in the relationship between the telework intensity and work-family conflict. Result: The study found telework increases work-family conflict, moderated by work autonomy, with higher autonomy reducing conflict. Gender and period of work also known to influence work-family conflict. Conclusion: Based on the findings of this research, companies can help their workers to manage work-family conflict by giving more job autonomy within their telework systems.

Utilization of IoT and database system of central warehouse project in the pharmaceutical industry

This study aims to develop an MRPII device that utilizes internet technology for inventory management control processes, using case studies from pharmacutical companies in Indonesia. The research was conducted using field observation methods and system development, then comparing the manual system and MRPII. An internet-based inventory management system was created by integrating the warehouse’s material database into each material code via a QR. code. The study found that implementing the MRP II system design increases work effectiveness and reduces the risk of errors that frequently occur in conventional systems. Moreover, using the MRPII can facilitate the audit process and establish transparency in the inventory management process. Data processed using IoT is generated faster and more accurately as company operations improve quality, reduce unnecessary activities, and make it easier to organize materials and run administrative and technical processes in inventory management; it is measured based on reach, workforce requirements, supply, and handling time. In the industrial world, the MRPII database system has the potential to evolve into several more complex and comprehensive systems. It has broad integration and can assist humans working across all lines, particularly in the data processing system.

Audit Committee’s Roles & Effectiveness: Evidence from Indonesia

Financial statement manipulation that still occurring nowadays in Indonesia leads the following issue of how audit committee’s functioning within a corporation. This study questions whether audit committee has certain significant role as stated by OJK or just a formality to obey the regulation set by the government. Therefore, this research analyzes the audit committees’ effectiveness in Indonesia by using POJK No. 55/POJK.04/2015 as the basis of measurement. To examine the audit committee’s effectiveness, this research gathers primary data by distributing a questionnaire to audit committee’s in listed companies in Indonesia and to Ikatan Komite Audit Indonesia (IKAI). Based on the responses, the data is then analyzed by using the SEM-PLS approach. It is found that audit committee diligence in audit and decision-making areas significantly increases the audit committee activity. Moreover, audit committee activity and responsibility in internal audit, regulatory compliance, and risk management significantly influence the audit committee’s effectiveness.

Local Ventures’ Shared Leadership Persuasion: How Knowledge Sharing and Interactive Work Culture Influence Employees’ Innovation

This research investigates the effect of shared leadership on employee innovation and the mediating and moderating roles of knowledge-sharing and interactive work culture in the relationship between shared leadership and employee innovation. A total of 840 respondents from 120 local beverage companies in three provinces in Indonesia were selected using purposive sampling. The survey instruments were initially tested for validity and reliability as a preliminary analysis. Data obtained during the survey were then analyzed using the hierarchical regression method with Statistical Package for the Social Science (SPSS). This research reveals that shared leadership positively affects knowledge sharing and employee innovation. In addition, knowledge sharing partially mediates the relationship, while interactive work culture moderates the relationship between shared leadership and employee innovation behavior. This study is among the first to discuss the relationship between shared leadership and employees’ innovative behavior using knowledge sharing as a mediator and interactive work culture as a moderator in the context of local beverage companies in Indonesia.

Assessing the Impact of Leverage Ratio on Banking Efficiency in Indonesia

This study analyzes the significance of the leverage ratio on the efficiency of banking companies with the aim of assessing the readiness and suitability of banking companies in facing the implementation of Basel 4 or Basel 3.1. Data from 47 banking companies in Indonesia from the period 2008 to 2023 were used as material for this study. The data used in the research were analyzed using the Dynamic Stochastic Frontier (DSF) method. This method allows for more accurate efficiency analysis by avoiding assumptions of technology at different times. The researchers hypothesize that banking companies with a leverage ratio level higher than the minimum limit applied in BASEL have better efficiency, and the results of this study show corresponding results within the leverage ratio limit of 20%.

How the Macroeconomic and Financial Structure Affects the Firm Value of a Large Telecommunication Company in Indonesia

TELKOM's strategic initiative, referred to as 5BM, acknowledges the company's considerable assets but notes that it has not yielded substantial profits. To address this, TELKOM has devised this strategy to improve its firm value. This study seeks to contribute to this goal by conducting research focused on analyzing the company's financial structure and evaluating the effects of financial structure, considering macroeconomic factors like interest rates, to enhance its overall value. The research employs a quantitative approach, using TELKOM’s financial data from 2014 to 2024, with variables such as firm size, liquidity ratio, leverage ratio, investment opportunity, efficiency level, profitability, and interest rates. The study applies multiple linear regression to assess the relationships between these independent variables and firm value, using Tobin’s Q as a measure of firm value. Descriptive statistical analysis is also conducted to summarize the characteristics of each research variable. Findings reveal that leverage negatively affects firm value, while firm size, liquidity, investment opportunity, efficiency level, and profitability have positive impacts. Although interest rates and dividend policy also contribute to firm value, their effects are not statistically significant. These results provide insights into the importance of TELKOM's financial structure in enhancing its market valuation

The Influence of Service Quality, Corporate Social Responsibility and Corporate Reputation on Customer Satisfaction With the Government’s Role as Moderator (Study on the company PT PLN Indonesia)

This study aims to analyze how the influence of Service Quality, Corporate Social Responsibility and Corporate Reputation on Customer Satisfaction with the Government’s Role as moderating. The object of research used is the BlueChip Company Customer PT PLN Persero Indonesia. The sampling technique used was the Saturated Sampling technique. The data analysis used is the Structural Equation Model (SEM) method or Structural Equation Modeling with the WarpPLS approach. The results showed that: CSR (X1) has a significant positive effect on Customer Satisfaction (Y1). Company Reputation (X2) has no significant effect on Customer Satisfaction (Y1). Service Quality (X3) has a significant positive effect on Customer Satisfaction (Y1). The moderating effect of the government’s role on the relationship between CSR and customer satisfaction is not significant. The moderating effect of the Government’s role on the relationship between Company Reputation and Customer Satisfaction is not significant. The moderating effect of the Government’s role on the relationship between Service Quality and Customer Satisfaction is significant. The originality of this research is the modeling of the customer satisfaction variable by involving CSR, Company Reputation, and Service Quality as independent variables and the Government Role variable as a moderating variable in monopolistic companies in Indonesia.

Impact of Days to Receivable on the Profitability of Exporting Coal Companies in Indonesia

This study examines the effects of exchange rates, export intensity, and days to receivable on the profitability of Indonesian coal exporting companies, using panel data from 2015 to 2023. The objective is to find if export intensity and exchange rate impedes the effect of days to receivable on profitability. Interaction analyses reveal that the positive impact of receivables on profitability diminishes with increasing exchange rates. Conversely, the interaction between days to receivable and export intensity does not significantly affect profitability. Therefore, it might be beneficial for Indonesian coal companies should explore implementing more flexible trade credit policies to enhance customer relationships, particularly during periods of rupiah appreciation.

The Impact of Perceived Inclusion Climate for Leader Diversity (PICLD) on Organizational Justice and Its Effects on Employee Engagement, Emotional Wage, and Happiness at Work

In today's globalized world, workplace happiness is an increasingly important concern for many organizations, as it has a direct impact on employee productivity and well-being. An inclusive and equitable work environment plays a significant role in creating conditions that support employees' emotional and intellectual engagement, as well as providing emotional rewards that can increase their happiness. This research aims to analyze the impact of Perceived Inclusion Climate for Leader Diversity (PICLD), Organizational Justice, Employee Engagement, and Emotional Rewards on Workplace Happiness. Using a quantitative approach and survey method, data was collected from 248 employees working in various companies in Indonesia. The results showed that PICLD has a positive and significant influence on perceptions of workplace justice, which in turn increases employee engagement and emotional rewards. Employees who perceive fair treatment are more engaged and receive emotional rewards that improve their well-being. Employee engagement and emotional rewards are shown to have a positive impact on workplace happiness, so employees who feel emotionally rewarded tend to be more satisfied and happy. The implications of this research emphasize the importance of creating an inclusive, fair and supportive work environment to increase employee engagement, emotional well-being and happiness at work.

Environmental, Social, and Governance (ESG): Roles and Strategies to Improve the Performance of the Indonesian Insurance Industry

The objective of this research is to understand the role of environmental, social, and governance (ESG) in improving the financial performance of insurance companies in Indonesia. A qualitative, library study method was employed, Research results show (1) the role of ESG as definers of competitive advantage, in improving performance, and guaranteeing the sustainability of the company in the future; and (2) the strategy of insurance companies in Indonesia with respect to ESG is to run business with sustainable financial principles and create environmental-based service products. The implications of this study are that the application of ESG principles to insurance companies in Indonesia is expected to drive government programs to implement sustainable development governance (SDGs) in sustainable finance. The novelty of this research is its emphasis on environmentally-based sustainable financial principles. Keywords: social and environmental governance, roles, strategies, performance, insurance

The double-edged sword of transparency: ESG disclosure's effect on competitive dynamics in manufacturing

This study explores the role and impact of Environmental, Social, and Governance (ESG) information on investor decision-making, focusing on the lack of standardized ESG reporting among companies. Although ESG disclosures can enhance a company’s legitimacy and attract investor interest, the voluntary nature of reporting has led to inconsistent practices and limited information quality. The research aims to develop a standardized ESG reporting model that meets investor needs while assessing the effects of ESG performance on corporate outcomes. Using a mixed-methods approach, the study combines qualitative research to formulate an ESG reporting model and quantitative methods to evaluate its impact on company performance. Data were collected from 167 manufacturing companies in Indonesia, selected based on their consistent publication of sustainability reports over four consecutive years. The findings reveal that ESG shows consistent high significance across all three models (Sig = 0.000 for Model-1, Model-2, and Model-3 regression). This uniform high significance underscores the growing importance of ESG factors in various aspects of corporate performance and perception. It suggests that ESG considerations are integral not only to stock returns and firm valuation but also to a company's competitive positioning. The study concludes that while ESG reporting is essential for corporate transparency, it may not always align with positive financial outcomes. This suggests the need for more comprehensive ESG frameworks to balance investor expectations and corporate performance.

Why Indonesian Start-up Fail: An Overview of Performance Management Systems

The era of globalization and disruption demands the development of an increasingly competitive business world. Companies present are expected to provide sustainability strategies to increase performance, which is one of the performance management strategies. But the facts show that start-up companies in Indonesia have not been able to improve their performance, even though they are mostly bankrupt. The objective of this study is to explain the obstacles faced by most start-up in Indonesia in implementing performance management in their respective companies during the period 2020–2023. This research paradigm uses a constructivist paradigm with a case study approach. The research began with collecting secondary data through initial interviews involving the key 10 human resources informants of start-up companies. The sampling methods used are purposive and quota sampling. Primary data was obtained from interviews with 16 managers and 12 human resources managers, observations of 12 start-up in 12 cities in Indonesia, and documentation studies. Data is analyzed through manual data analysis procedures using thematic inductive approaches to generate memos and ultimately build a conceptual framework of obstacles to performance management processes. The study reveals that the human resource competence standards, systems, effective performance management standards, and leadership competencies directly related to performance management in 2020–2022 are not available and are not optimally implemented in start-up.

The Role of Corporate Governance in Banking Performance: Highlighted During the Covid Pandemic (Evidence in Indonesian Bank)

The study aims to analyze the impact of board size, number of non-executive Directors on Board, and Size of the Audit Committee on Return on Assets (ROA) and Tobin’s Q on banks listed on the Indonesian Stock Exchange between 2019 and 2022. The research method used is descriptive statistical analysis and regression test on a sample of 11 banking companies in Indonesia. The data used included relevant variables such as board size, non-executive director composition, audit committee size, ROA, and Tobin’s Q. The results of the analysis show that board size has a significant influence on ROA. However, board size had no significant influence on Tobin’s Q. Furthermore, the number of non-executive directors on board also proved to have a significant influence on ROA. However, the number of non-executive directors on board did not have a significant influence on Tobin’s Q. In addition, the size of the udit Committee also proved to have a significant influence on ROA and Tobin’s Q. The larger size of the Audit Committee provides more effective supervision, better risk management, and transparency in financial reporting, which has a positive impact on the company’s financial performance and market assessment. These findings have important implications that other factors, such as business strategies, risk management policies, or broader external factors, may also influence the company’s performance. Keywords: board size, number of non-executive directors on board, size of audit committee, return on assets, Tobin’s Q, Bank, Indonesia stock exchange

Comparison of Deep Learning and Machine Learning Model for Phishing Email Classification

Email is a medium in business communication that people use everyday and not only holds sensitive information but also identity for the user and organization. The uniqueness of information contained make phishing detection and remedy cannot be applied generally. Existing method applied in common on security software such as blacklisting keyword or email address is not enough to outpace evolving phishing method. Nowadays the implementation of machine learning and deep learning grow rapidly fast and the method used by machine learning and deep learning that can learn pattern of inputs and natural language processing making classification to detect email phishing promising, this study present proposed method of phishing mail classification by comparing the use of machine learning and deep learning model, The algorithm used in this paper are recurrent convolutional neural network and random forest with tf-idf and fasttext word embedding. The Dataset contain phishing and legitimate of an email gathered from a trading company in Indonesia. The dataset will be split into 70% for training and 30% for testing. As a result of this comparison, the random forest model with tf-idf word embedding achieve highest accuracy of 100% for the dataset used and the highest accuracy for recurrent convolutional neural network model with fasttext is 98.21%.

The Influence of Business Ethics and Diversity on ESG Disclosure: Empirical Evidence from Indonesian Firms

This study examines the impact of corporate governance mechanisms, board characteristics, and ethical leadership on Environmental, Social, and Governance (ESG) performance in Indonesian companies. The analysis investigates how board ethics, independence, tenure, ownership structure, and other governance factors influence ESG scores. The findings reveal that board ethics and independence significantly improve ESG performance, supporting the role of ethical leadership and resource dependence theory in shaping corporate sustainability. Additionally, the study highlights the role of institutional ownership in driving ESG outcomes, particularly in emerging markets. Cultural factors, such as board culture, also contribute to the variability in ESG performance, suggesting the importance of aligning corporate governance practices with local values and global sustainability standards. The results have important theoretical implications, extending corporate governance theories to the context of developing economies. Practically, the findings provide insights for policymakers, corporate leaders, and investors to enhance ESG performance through effective governance reforms and ethical leadership. This study offers a significant contribution to the growing literature on ESG in emerging markets and provides a foundation for future research on corporate sustainability in different institutional settings.

Enhancing ERP Usage Through Absorptive Capacity: A Case Study from Indonesia Enterprise

This research investigates the effect of individual users' absorptive capacity to the usage of Enterprise Resource Planning (ERP) at PT ABC, a transportation company in Indonesia. Utilizing Partial Least Squares Structural Equation Modeling (PLS-SEM). This study tests the relationships between three facets of absorptive capacity and ERP usage. This study revealed that among aspects of absorptive capacity, only the capacity associated with applying ERP knowledge directly affects ERP usage. Meanwhile, prior understanding and proficiency in integrating ERP systems have a significant indirect impact on ERP usage performance. Based on these findings, it is suggested that PT ABC strengthens individual employees' absorptive capacities and encourages them to acquire ERP expertise before implementation. Moreover, cultivating a culture that supports collaboration and knowledge sharing is crucial for maximizing the benefits of ERP systems within the organization. Implementing these strategies is expected to improve ERP adoption outcomes at PT ABC

The Impact of Solvency and Liquidity on Going Concern Audit Opinion

Purpose: This research aims to examine how a company's ability to meet its financial obligations and maintain adequate cash flows influences an auditor's assessment of going concern uncertainty for manufacturers listed on the Indonesia Stock Exchange.Method: A quantitative analysis of secondary data was performed using financial information from 228 randomly selected manufacturing firms traded on the Indonesia Stock Exchange. Logistic regression was used to analyze the effect of solvency metrics and liquidity ratios on going concern audit opinions.Findings: The study uncovered that both decreasing solvency and dwindling liquidity have a statistically significant negative correlation with avoiding a going concern flag. Lower ratios for meeting debt obligations and maintaining cash were associated with a higher likelihood of an auditor expressing doubt about a company's ability to continue as a going concern.Novelty: This research provides new insights into the role of solvency and liquidity in shaping auditors' decisions within the context of manufacturing companies in Indonesia, contributing to the broader literature on financial stability and audit practices in emerging markets.Implications: The study’s findings suggest that companies should prioritize maintaining strong solvency and liquidity positions to avoid receiving going concern audit opinions. For auditors, the research underscores the need to closely monitor these financial metrics when assessing a company’s ability to sustain operations, particularly in emerging economies like Indonesia.

Regulation effectivity to sustainable competitive advantage on rice mill industry evidence Indonesia

The purpose of this study is to analyse and prove the impact of regulatory effectiveness on the supply chain and its impact on sustainable competitive advantage for rice milling companies in Indonesia. The research method used was a quantitative analysis, employing a sample of 200 rice milling companies in East Java. The results of this research indicate that regulations do not have a significant effect on the supply chain, Regulations do not have a substantial effect on sustainability Competitive Advantage, Supply chain has a significant impact on sustainable competitive advantage, in addition, flexibility management can moderate the relationship between the supply chain and sustainable competitive advantage, but flexibility management is not able to moderate the regulatory relationship with sustainable competitive advantage.