Enterprises In Indonesia Research Articles

CSR Disclosure in State Owned Enterprises in Indonesia: Does Public Share Ownership could Effect?

Social responsibility is one of the company's programs in the form of accountability to overcome social problems and environmental damage done by the company itself. This form of accountability can be realized by disclosing CSR. This study aims to test and obtain empirical evidence of the influence of profitability, company size, leverage, board of commissioner and public share ownership against the disclosure of CSR in state-owned enterprises.Sample used is 20 companies of state-owned enterprises in three years of observation. The data analysis technique used is multiple linear regression. The results revealed that the profitability and size of the board of commissioners had a positive effect on CSR disclosure, while the size of the company, leverage, and public share ownership had no effect on CSR disclosure. Keywords: corporate social responsibility, leverage, size, profitability, public share ownership

Evaluasi Inspeksi Alat Pemadam Api Ringan Menggunakan Pendekatan Job Safety Analysis

PT XYZ is a potential and growing agro-industry enterprise in Indonesia. This company produces agricultural chemical products. The firm also implements health safety management as a standard operational procedure to create a safe and healthy workplace environment. A fire extinguisher is considered a precautionary tool in case of a fire accident in the workplace. Even though there has never been a fire accident in the workplace that required a fire extinguisher, periodic fire extinguisher inspections are required to be adequately used in an urgent situation. A critical finding during internal HSE audits was that tools performance was not following PERMENAKER 04/MEN/1980. As a result, it is necessary to evaluate the fire extinguisher inspection. This study aims to identify the potential hazards and evaluate current procedures of fire extinguisher inspection using the Job Safety Analysis approach. This study found that the primary hazard is tripping, scratching, and the fire extinguisher falls. Improved work safety can be done by carrying out seven secure steps and identifying prevention procedures for potential hazards during fire extinguiser’s inspection procedures.

Assurance information systems design for blockchain - based micro, small and medium enterprises in Indonesia

Halal Product Guarantee is legal certainty regarding the halalness of a product as evidenced by a halal certificate. Regulations regarding halal certificates are carried out based on Law Number 33 of 2014 concerning Halal Product Assurance (“Law 33/2014”). This provision requires all products to have a halal certificate. This certificate is hoped to add the value of the product to be absorbed by the market more. However, the problem is that not all business actors or industries can implement halal guarantees. Micro, small, and medium enterprises (MSMEs) have weaknesses in the documentation and halal traceability. These two things become one of the criteria for the halal assurance system to get a halal certificate. We need a computerised information system that can help SMEs document and trace. Meanwhile, blockchain technology is needed for documentation transparency, which effectively keeps track of information and transactions. The system is proven to be safe and transparent. Because when the transaction takes place, all parties can see public access.

한국기업의 인도네시아 투자실태와 투자협력 제고 방안에 관한 연구

The purpose of this study is to investigate about the investment environment in Indonesia and analyze a actual investment condition of Korean enterprises in Indonesia and seek a economic cooperation for Investment between Korea and Indonesia. First, Indonesia's investment environment is divided into positive and negative aspects. Next, the result of analyzing the actual investment situation shows several characteristics. In other words, there are preponderance to manufacturing industry, small-scale investment by small and medium-sized enterprises, preference for joint ventures rather than wholly-owned subsidiary and newly-established corporation rather than M&A of local companies. restricted purpose of investment. Therefore, switchover of industry to service fields, large-scale investment to target the Indonesian domestic market, the promotion of wholly-owned subsidiary investment, and utilization of core competencies of existing companies through M&A can be suggested as alternatives. The economic cooperation measures between Korea and Indonesia for investment shall be manufacturing investment cooperation, use of the public-private partnership(PPP) system, infrastructure development demand and government-private partnership projects, establishment of institutional foundations and conditions, investment-related procedures and information sharing, official development assistance(ODA) support and other economic cooperation for investments.

Market orientation and business performance: the mediating role of total quality management and service innovation among Moslem fashion macro, small and medium enterprises in Indonesia

PurposeThe purpose of this study is to see the effect of market orientation (MO) on business performance with two intervening variables, namely, service innovation and total quality management (TQM) with Muslim fashion micro, small, and medium enterprises as the object of research.Design/methodology/approachThis study uses a quantitative approach with structural equation modelling-partial least square analysis techniques. Date were collected using an online questionnaire that got 100 respondents. The respondents of this research are the owner, manager, human resource development, chief financial officer and chief operating officer of a business that is engaged in Muslim fashion.FindingsThis study found that MO has an effect on business performance either directly or through mediating variables, namely, service innovation and TQM.Research limitations/implicationsThis study only focuses on the Muslim fashion business and does not pay attention to businesses operating in other sectors.Practical implicationsThe results of the study highlight the need for Muslim fashion business owners/managers to pay more attention to customer feedback. This is by adopting modern ways of communicating, providing training for employees and starting to join the Muslim fashion business community. These things need to be highlighted because in the items measured, they get the smallest mean among other items that are in the same variable.Originality/valueTo the best of the authors’ knowledge, this research is the first to find out the effect of MO on business performance using mediating variables, namely, service innovation and TQM.

Exploring the implementation of sustainable development goals: a comparison between private and state-owned enterprises in Indonesia.

This study explores the extent of the United Nations Sustainability Development Goals (UN SDGs) implementations by listed companies in Indonesia. It also evaluates whether the SDG practices differ between state-owned enterprises (SOEs) and private companies listed in the Indonesia Stock Exchange (IDX). The main contributions of this paper are twofold: (1) it compares SGD reports and disclosures of listed SOEs vis-à-vis listed private companies in a developing country, and (2) it evaluates and compares the SGDs disclosures before and during the COVID-19 pandemic. Thirty-four listed companies produced sustainability reports consecutively from 2016 to 2020, resulting in 170 reports were used and analyzed in this study. A content analysis was applied to observe the SDGs disclosures in these reports. The findings show that overall, the listed companies in the study performed moderately well in their SDGs practice, with an overall disclosure index of 74% during the observed period. While a private company was a clear leader in its SDGs disclosure, overall, listed SOEs performed better to some extent than their private companies counterparts at a combined level. These indicate some aspect of legitimacy to maintain a good reputation in the community and also implies some level of coercive isomorphism, especially for the SOEs. At the level of sustainable development targets, however, the study finds indications to strongly propose that the achievements of the SDG targets were not yet significant. This study also finds slightly less but no significant difference in the SDGs practice during the COVID-19 pandemic compared to the practice before the COVID-19 pandemic. The findings of this study contribute to enriching the currently limited literature in this area and providing insights to relevant users, investors, and policymakers concerning the UN SDGs practices in Indonesia.

Analysis of the Effect of Social Media Marketing on MSME Performance at Citra Cosmetic Makassar

The aims of the research on the Effect of Social Media Marketing on Micro Enterprises in Indonesia are: 1) To find out the positive influence of Customer Engagement on the performance of MSME Citra Cosmetic Makassar, 2) To find out the positive influence of Customer Satisfaction on MSME performance through Customer Loyalty. Citra Cosmetic Makassar, 3) To find out the positive influence of Customer Brand Reputation on the performance of MSME Citra Cosmetic Makassar, 4) To find out the positive influence of Customer Loyalty on the performance of MSME Citra Cosmetic Makassar. The data collection was based on people who live in Makassar and ever made a purchase on Citra Cosmetic Makassar. By doing this research, it has a purpose and can also contribute to the owners of Citra Cosmetic Makassar in order to increase their own QMS. The results of the discussion used a program from PLS to analyze data and also surveys. The sampling technique of this research is to use non-probability sampling with purposive sampling method, the data collection method used itself is to use a survey of 385 samples and also use the outer model and inner model tests. The results of this study themselves prove that three of the four hypotheses are accepted.

The Existence of State-Owned Enterprises (SOEs): A Case on Nusantara Bonded Zone of Indonesia

The number of state-owned enterprises in Indonesia has tended to decline in the last five years due to restructuring by cutting the number of state-owned enterprises. The restructuring was caused by two factors, namely the existence of SOEs that suffered losses and to focus the government's capital participation on SOEs that still existed. This study aims to analyze the existence of PT. Nusantara Bonded Zone as one of the SOEs in Indonesia. The analysis can be seen from the aspects of regulation, budget, and management. This research uses a qualitative approach with a descriptive type of research. Data obtained from interviews with parties who have the capacity to manage PT. Nusantara Bonded Zone. Therefore, the technique of determining informants in this study was purposive sampling. The results showed that the existence of PT. Nusantara Bonded Zone can exist as a SOES in Indonesia by implementing Good Corporate Governance in management aspects, sustainable government funding to improve its financial performance, as well as regulations that accommodate its flexibility as a business entity.

Common but Differentiated

Sustainability and Climate ChangeVol. 15, No. 3 Letter from the EditorFree AccessCommon but DifferentiatedPublished Online:23 Jun 2022https://doi.org/10.1089/scc.2022.29016.mvAboutSectionsPDF/EPUB Permissions & CitationsPermissionsDownload CitationsTrack CitationsAdd to favorites Back To Publication ShareShare onFacebookTwitterLinked InRedditEmail Language can be used to include and exclude. For those with access to the standard languages in use, language allows the sharing of ideas and experiences but with the limitation that the culture embedded in one language may not translate to another. Similarly, for those not able to convey their thoughts in a standard language, their words can be obscured in the translation by foreign counterparts that can. It is with this limitation that context related to the transmission of information, stories, and research across cultures and languages requires visibility.We are dedicated at Sustainability and Climate Change to represent the global south and north and convey information from varying methodologies in an accessible way to promote understanding and compassion across geographic boundaries. Over the past few months, we have provided insight with respect to climate change action in India and Sri Lanka to Indonesia, Italy, Brazil, and the United States. Each article highlighted aspects of sustainability and climate impacts that increased understanding of differences, while highlighting the common issue we face, the speed of climate change.In this issue we begin with a viewpoint on the circular economy and its relationship to ecological economics. In our commentary, we explore the relationship between gender and productivity in village enterprises in Indonesia, and our student perspective posits how in the United States we can better assess sustainability traction in higher education. Our book reviews both provide a historical backdrop related to our present global status and our four articles all address the common theme of behavior across different scenarios and countries. These articles provide a basis of understanding how sustainability and climate change are affecting people across the globe.However, it is not enough just to know what is happening elsewhere, it is important to be engaged with it as well. As we move forward this year, we look forward to welcoming a broader cross section of disciplines and interdisciplinary research and reporting. Our goal is to ensure that we foster empathy, a cohesive aspect of community, which in turn is tied to trust, resilience, and ultimately sustainability.Thank you for your readership!Madhavi Venkatesan, PhDEditor-in-ChiefFiguresReferencesRelatedDetails Volume 15Issue 3Jun 2022 InformationCopyright 2022, Mary Ann Liebert, Inc., publishersTo cite this article:Common but Differentiated.Sustainability and Climate Change.Jun 2022.161-161.http://doi.org/10.1089/scc.2022.29016.mvPublished in Volume: 15 Issue 3: June 23, 2022PDF download

Examining Leadership Capabilities, Risk Management Practices, and Organizational Resilience: The Case of State-Owned Enterprises in Indonesia

This study aims to assess the role of leadership in Indonesia’s State-Owned Enterprises in bringing the companies to be resilient amid uncertainties and a dynamic environment based on dynamic capability theory. Risk management practices are used to mediate the relationship between leadership capabilities and enterprise resilience. The authors conducted a quantitative and cross-sectional study using a questionnaire distributed to members of the board of directors and senior managers of Indonesia SOEs and their subsidiaries. Based on the structural equation modeling analysis, the findings reveal that leadership capabilities play a role in developing enterprise resilience and risk management practice. Additionally, risk management practice partially mediates the relationship between leadership capabilities and enterprise resilience. The empirical findings enrich the knowledge on the relationship between enterprise resilience, leadership capability, and risk management practice. These results enable management SOEs and their subsidiaries and policymakers to develop strategies and a policy framework to create and develop enterprise resilience and help SOEs navigate safely and triumphantly in uncertain and disruptive business environments. This study supports empirical evidence that expands the context of applying the enterprise resilience concept and dynamic capability theory in hybrid organization types, such as SOEs, that operate in emerging countries.

The Effect Of Managerial Coaching, Person-Job Fit, And Motivation Toward Employee Performance: The Mediating Role Of Satisfaction And Engagement

This study examines the effect of managerial coaching, person-job fit, and motivation toward employee performance with the mediating role of employee satisfaction and engagement based on a study on a manufacturing enterprise in Indonesia listed on the Indonesia Stock Exchange (IDX). This research uses a quantitative approach with 116 respondents from manufacturing companies listed on the Indonesia Stock Exchange (IDX) in Indonesia. The results of this study are (1) there is a positive and significant relationship between managerial coaching and performance, (2) there is no relationship between person-job fit and performance, (3) there is no influence on motivation to performance, (4) there is no effect of managerial coaching on satisfaction, (5) there is a positive and significant relationship between person-job fit and satisfaction, (6) there is a positive and significant relationship between motivation and satisfaction, (7) there is a positive and significant relationship between managerial coaching and engagement, (8) there is no relationship between person-job fit and engagement, (9) there is a positive and significant relationship between motivation and engagement, (10) there is no relationship between satisfaction and performance, and (11) there is a positive and significant relationship between engagement and performance.

Study of Relationships between Companies’ Digitalisation, Resources and Capabilities on Competitive Advantage of Small and Medium Enterprises in Indonesia

The importance of this study is to examine the factors that could influence Indonesian SMEs in term of their competitive advantages in the international market. Some research on international entrepreneurship shows resources, capabilities as the drivers of SME internationalisation that relate to competitive advantage. However, the evidence where resources, capabilities, and digitalisation will lead SMEs competitive advantages in international market requires more discussion, particularly in developing countries such as Indonesia. This paper examined resources, capabilities, and digitalisation direct and indirect relationships with competitive advantages in international markets. The directory of DGNED is being utilised in this study on zooming at Indonesian exporting SME. This study is a quantitative study methods where convenient sampling was used in getting the sample through online survey questionnaire. There were 50 samples responsed to this study. The study utilised SmartPLS software to analyse the data. The findings showed that digitalisation and capabilities significantly and positively influence competitive advantages in international markets. Management international resources contribute to price advantage, international capabilities contribute to product and service advantages, while digitalisation has no direct effect to any of these competitive advantages. Nevertheless, these two constructs are important for SME internationalisation owing to their indirect effects on product and service advantages. This research contributes to Indonesian SMEs that possess the desire to internationalise and enhance their presences in the international market. With understanding on the basis of evidence on capabilities, resources, and digitalisation, SMEs may make haste on its internationalisation in an less difficult method on risks, capital and time. Therefore, SMEs should get and improve the suitable resources, capabilities to gain competitive advantages by creating their international capabilities in the international markets. Future research should replicate this study with bigger sample size, longitudinal study and across continents for better understanding on international competitions.

The Institutional Context Changes of Village- Owned Enterprises in Indonesia Towards the Implementation of Participative Governance and Social Enterprise Business Models

This research explains how Village-owned Enterprise (VOE) in Indonesia underwent institutional changes as a response to the institutional context changes and local village responses. The objective of this research was to provide evidence if any village has the capacity to interpret and formulate responses to institutional context changes. A detailed case study of VOE Panggung Lestari in Panggungharjo Village, Yogyakarta, Indonesia was documented by interviewing local leader and key actors in the process of VOE establishment and development. In depth interview with the key person in the Ministry of Village was done to understand the context and issues regarding the institutional context changes in VOE. This research provides a conceptual framework to demonstrate how institutional context changes of regulations, social, market failure and culture might trigger the Panggungharjo Village to provide local solutions to the waste problem by implementing the social enterprise business model and participative governance. This finding adds a new understanding of how a village might escape from the embedded institutional environment by interpreting and responding to the institutional changes to find innovative and sustainable solutions for their local problem, which in this case was the waste problem. Keywords: village-owned enterprise (VOE), institutional context, participative governance, social enterprise business model

PERLINDUNGAN HUKUM TERHADAP PRODUK USAHA MIKRO KECIL DAN MENENGAH TERKAIT MEREK YANG TIDAK TERDAFTAR DI INDONESIA

The research objective is to offer protection for Micro, Small and Medium Enterprises products that are not registered with the Director General of Intellectual Property Rights. Using normative research based on the Legislative Approach and Conceptual Approach. Through this research the author offers the importance of brands in Micro, Small and Medium Enterprises and the protection of a product of Micro, Small and Medium Enterprises that has not been registered. There are a lot of Micro, Small and Medium Enterprises in Indonesia, moreover Micro, Small and Medium Enterprises in Indonesia are very influential in the Indonesian economy. Not only developing domestically, but Micro, Small and Medium Enterprises in Indonesia are also very developed abroad. The number of Micro, Small and Medium Enterprises in Indonesia has also led to the emergence of many products and brands. One Micro Small and Medium Enterprise with another Micro Small and Medium Enterprise may not have the same brand name. If there is a problem then in this case it will be a problem who first uses the brand name. The Constitutive System in Indonesia lacks legal certainty regarding trademark rights, in Indonesia it should use legal protection "Proving that the mark has been used in trade activities" and "Willing to be used in trading activities". And Micro, Small and Medium Enterprises must know how important the mark is to get a protection and the government must socialize the registration of the mark

Measuring Determination of Factors Affecting Firm Value in Agricultural Sector Companies in Indonesia

The purpose of this study is to use a panel data model to examine the factors that impact firm value in agriculture sector enterprises in Indonesia. Management initiatives such as earnings management, tax evasion, and debt strategy all influence business value. According to the findings of this study, all variables studied (earnings management, tax evasion, and debt policy) have an impact on business value. All of these variables have a 79.34 percent impact on the company's valuation, with the remaining 20.46 percent impacted by variables outside of the model. Meanwhile, independent studies show that debt and management strategies have little influence and have a negative link with business value. The study's findings may give more information on what elements may be included in measuring business value, which may have implications for investors, particularly those in agriculture sector companies listed on the stock exchange.

Abnormal Stock Returns, the Effect of COVID-19 Pandemic in Indonesia

Indonesia has been struck by the Covid-19 outbreak, which has affected a variety of industries. This study provides decision-makers with up-to-date findings on the reaction to abnormal stock returns before and during the covid-19 pandemic. This study was carried out using a quantitative-comparative approach. Because it has the most liquid liquidity level on the Indonesia Stock Exchange, the LQ 45 business was chosen. Data observations were conducted from the end of February 2020 (Normal Conditions) on February 26, 27, and 28 to early March 2020 on March 3, 4, and 5 (Pandemic Covid-19). According to the findings of the data test, there are disparities in anomalous returns at LQ 45 enterprises in Indonesia before and after the Covid-19 pandemic. This conclusion offers a different investment strategy, which involves selecting investment items that are often chosen by individual investors. This suggestion is because the values of these items are consistent over a long period. Investments in property are also a fantastic strategy to use during the current global economic recovery.

Comparative Study of Technology Approaches in Using Online Marketing Strategies for Small and Medium Enterprises in Indonesia During the COVID-19 PANDEMIC

The impact of the coronavirus pandemic has been felt in the business and financial world. In a fairly short time, marketing patterns have changed, especially when social distancing is enforced and micro-restrictions. Business actors have to rack their brains to be able to market their products or services to consumers as a brand strategy to survive amid the coronavirus pandemic. Business people optimize online marketing and digital branding to communicate with their target consumers. The COVID-19 PANDEMIC has also accelerated digitalization in the marketing sector. Online sales are one of the solutions to the limited physical movement of people to visit shopping centres. The switch to online marketing is also one strategy that determines whether or not a product can survive during a pandemic. This study describes how small and Medium Enterprises in Indonesia face the Covid 19 pandemic. It is hoped that this literature study can provide an overview of the condition of MSMEs in Indonesia during the pandemic to improve welfare through online marketing.

Employee influencer management: evidence from state-owned enterprises in Indonesia

PurposeThe purpose of this study is to explore how Indonesian state-owned enterprises (SOEs) select and “manage” employee influencers in order to engage more effectively with younger generations.Design/methodology/approachThe study applies a mixed-methods approach. Quantitative data were obtained by analyzing Instagram content with samples for analysis being taken from company-related posts from June 2018 to June 2020. Qualitative data collection was by two focus group discussions (FGD). The FGDs comprised in total, 22 employee influencers representing the 11 sectors of SOEs in Indonesia.FindingsThe article examines how employee influencers engage with others; how they are chosen by their organizations; how they are managed and the support they need from their employers. It was discovered that a careful triangulation is required between employees as influencers, their followers and SOE communication hubs. A key factor is maintaining the authentic relationship between employee influencers and their followers. A conceptual model of employee influencer management for Indonesia is proposed.Research limitations/implicationsThe research provides useful insights for communication management, marketing, and human resources in developing and supporting the role of employee influencers.Practical implicationsThe research provides useful insights for communication management, marketing and human resources in developing and supporting the role of employee influencers. The suggested model is of practical utility for SOEs for managing employee influencers in Indonesia and provides valuable indicators for other countries.Originality/valueThe study of SOEs’ employee influencers has not been explored previously in the literature. This, combined with the Indonesian perspective, brings new insights to the field. Social media use is especially high in Indonesia, so it acts as a good exemplar for the field. It also builds on the growing literature about the importance of employees as influencer, especially in the social media space. The model also make a theoretical contribution.

Contextualization of Legal Protection of Intellectual Property in Micro Small and Medium Enterprises in Indonesia

The growing number of Micro, Small and Medium Enterprises (MSMEs) has brought about big potential for the implementation of intellectual property protection. The management and the ability to create is an essential key to develop intellectual property. According to this issue, this study is aimed at investigating and analyzing the contextualization of legal protection of intellectual property in the development of MSMEs in Indonesia. Doctrinal legal research method was applied in this study. This legal study emphasizes on the conception that law can be seen as a set of laws and regulations which are systematically arranged based on a certain hierarchical order. The result of the study shows that MSMEs and intellectual property are two inseparable entities. One of the government efforts to develop MSMEs in Indonesia is by simplifying MSME regulation through the implementation of omnibus law in order to avoid overlapping of regulations which may lead to complicated bureaucracy. Another finding of this study is that basically the protection of intellectual property is considered highly important for the vendors of MSMEs. The implementation of legal protection for the vendors of MSMEs and their intellectual properties provides opportunity for the business owners to maximize the economic value of their intellectual property. Intellectual property rights can be collateral to obtain banking credit because intellectual property rights are admitted as property that its ownership can be handed over.

Cash Waqf Model for Social Enterprise to Achieve Sustainable Development Goals in Indonesia

Social enterprises are expected to bring significant positive impact on Indonesia's economy and may help to meet the Sustainable Development Goals (SDGs). Social enterprises empower minorities by providing more opportunities for a sustainable means of livelihood, especially for low-income and disadvantaged groups. However, despite its potential, financial issues remain a significant barrier for the viability of social enterprises in Indonesia. Cash waqf is one of the Islamic social finance vehicles that can be used to invest and manage funds to address a variety of social issues related to the SDGs. Hence, this study aims to propose cash waqf model for social enterprise in achieving the SDGs in Indonesia and to assesses the potentials and opportunities of developing the proposed model in Indonesia. This study employs a qualitative research approach, with primary data gathered from interviews of relevant stakeholders. This study finds that, the cash waqf can solve a multitude of financial issues faced by many social enterprises in Indonesia by enlarging their pool of financing support. The possibilities and opportunities of developing the cash waqf model for social enterprise include alternative funding for social enterprise, alternative waqf for waqif, an increase in nazhir, and more effective contribution to the SDGs.