Non-financial Aspect Research Articles

ANALISIS KELAYAKAN USAHA SAYURAN HIDROPONIK DI KOTA BANJARBARU KALIMANTAN SELATAN

Hydroponics comes from two Greek syllables, namely hydro which means water and ponos which means power. The definition of hydroponics is cultivating plants without using a planting medium in the form of soil which is replaced with water and other media are added such as gravel, sand or white cork. Based on the background and problem formulation that has been put forward, the aim of this research is to analyze the feasibility of the hydroponic business. Hydroponik farmer Banjarbaru based on non-financial aspects and analyzing the feasibility of the hydroponics business. Hydroponik farmer based on financial aspects. This research was conducted in Landasan Ulin District, Banjarbaru City, South Kalimantan Province. This research was chosen purposively for the reason that Banjarbaru City, especially Landasan Ulin District, has many hydroponic businesses. Research data collection was carried out from May 2024 to June 2024. After that, an analysis was carried out regarding financial aspects consisting of costs and income along with profits. Hydroponik farmer is analyzed using ROI (Return on Investment), NPV (Net Present Value), IRR (Internal Rate of Return), Net B/C ratio, PP (Payback Period), and BEP (Break Event Point). Based on the results of the analysis and discussion, this research is concluded as follows: From a non-financial aspect, Hidroponik FarmerBanjarbaru has been said to be feasible to run, provided that environmental aspects must be improved. Handling of production waste must be managed better, not just piled up at the back of the garden. From a financial aspect, Hydroponik farmer has been said to be feasible to run because it has an ROI value of 24.17%, an NPV of Rp. 79,557,052, IRR of 18.36 %, Net B/C ratio of 1.78, Payback Period of 6 years, 1 months, 16 days, BEP price of Rp. 14,557.60 per kilogram and production BEP of 4.571 per year

Socioeconomic and technical feasibility of cajuput oil (Melaleuca cajuput Powell) distillation business

Abstract The distillation of cajuput leaves into cajuput oil is a potential business for farmers. However, farmers and distillers still encounter problems that lead to failures in developing the business, such as low yield, price volatility, and technical issues related to agroclimatology suitability, good cultivation, and distillation process. This research was conducted to obtain the socioeconomic and technical feasibility of the cajuput oil business and the information needed to support its sustainability. The research parameters used in the economic aspect include profit level analysis and Net B/C. The financial element used NPV, IRR, Payback Period, sensitivity analysis, and the non-financial aspect, including the employment, suitability of cultivated land, and cajuput oil distillation. The financial analysis results obtained a profit of IDR 2,254,911,000, NPV of IDR 2,478,763,489, Payback Period of 4.6 years, and Net B/C of 8.02. However, the decrease of 40% in yield and increase of 20% in raw material prices did not result in the company’s loss. Socially, the potential for on-farm and off-farm labor absorption reaches 2,500 workers/business unit. The determining factor for the success of the cajuput oil business is land suitability.

Non-Financial Business Feasibility Analysis of Organic Farming Protocols in Ngawi Regency

Analysis of this non-financial aspect discusses other factors that affect business feasibility, such as technical, management, environmental and market aspects. The purpose of this study was to determine the non-financial business feasibility of rice farming in Sambirejo Village, Mantingan Sub-district, Ngawi Regency. This research is descriptive qualitative research. Data were collected using documentation, questionnaires, and literature review. The sample was determined by purposive sampling, namely selecting informants who knew the actual conditions in the farmer groups and the potential of Sambirejo Village as many as 40 people. The results of this study are (1) Non-financial feasibility analysis in market aspects, management aspects, environmental aspects and technical aspects of the business is feasible to implement.

Evaluation of Business Feasibility of Construction and Building Services Business at CV. Nirwatama

In developing a construction service business, it must consider various possibilities and developments in the future. Evaluation of business feasibility from various aspects is carried out in order to have clear goals and directions. CV. Nirwatama is a construction service industry company that belongs to the small class (K) category. Evaluation of business feasibility is carried out with two aspects, namely non-financial aspects and financial aspects. In the non-financial aspect, the CV. Nirwatama company can be said to be feasible enough to continue running in the next few years. While in the financial aspect of finance, the payback period (PP) value is obtained as much as 4 years 8 months 5 days < 5 years. Then at a net present value (NPV) of IDR. 14,114,466 and an internal rate of return (IRR) value of 14%> MARR = 12%. So it can be concluded that the construction services business of the CV. Nirwatama company is said to be very profitable and feasible to run or invest. One of the projects undertaken by CV. Nirwatama, namely the Light Rehabilitation of the Non-Rise Building of the Great Mosque, has significant problems regarding time delays in project work so that the contractor must coordinate again with the architect planner. To overcome time delays and minimize fines, this research uses the Critical Path Method (CPM). The result of the CPM method is that the optimal time duration for project work is 19 days so that the company is not subject to fines.

Scale Development of Aofa Farm Limousin Cattle Business Based on Investment Feasibility Analysis

Beef supply in Indonesia has not been able to reach demand. Currently, the need for livestock is increasing, so it is necessary to develop cattle farming. Aofa farm is a cattle farm that focuses on fattening limousine cattle that sells its products only during Eid al-Adha. Aofa farm plans to its business by increasing the number of cattle pens, increasing the number of limousine cattle, and purchasing concentrate feed. In addition, there was an increase in the price of limousine cattle seeds, an increase in feed prices, and a decrease in sales of limousine cattle. So necessary for it to analyze the feasibility of Aofa Farm's limousine cattle farm based on non-financial aspects financial aspects, and switching value analysis. The results of the feasibility of the non-financial aspects of the development of Aofa Farm are feasible to run based on descriptive analysis and quantitative analysis which shows the feasibility score on each non-financial aspect of more than 50 percent. The results of the financial aspect analysis obtained an NPV value of Rp 2,674,602,815, Net B/C of 8.39, IRR of 88.15 percent, and Payback Period of 2.26 years which shows that the Aofa Farm development plan is feasible to run based on financial aspects because the value obtained exceeds the eligibility criteria. The results of the switching value analysis show that Aofa Farm is sensitive to a decrease in limousine cattle sales.

INCREMENTAL QUAIL FARMING BUSINESS AND SWITCHING VALUE IN BUSINESS DEVELOPMENT (CASE STUDY: INTEGRATED WASTE DISPOSAL SITE IN BOGOR CITY)

Quail birds are considered one of the poultry commodities in the livestock sector. There is an imbalance between the supply and demand of quail eggs. The quail farm located at the integrated waste disposal site in Bogor City aims to increase its quail egg-laying capacity by 25 percent, with requires an investment. This study aims to analyze the feasibility of developing a quail farm at the Integrated Waste Disposal Site in Bogor City. The feasibility analysis encompasses both non-financial and financial aspects. The results of the non-financial aspect analysis indicate that the planned farm development is viable for implementation, as the feasibility scores for each non-financial aspect exceed 50 percent. The financial analysis, without development, yields an NPV of IDR 232,229,923, an IRR of 21 percent, a Net B/C of 2.04, and a Payback Period of 7 years and 5 months. On the other hand, the financial analysis, with development, yields an NPV of IDR 662,445,448, an IRR of 44 percent, a Net B/C of 3.80, and a Payback Period of 3 years and 9 months. Therefore, under both conditions, the business development plan is financially feasible. Additionally, there is an increase in net benefits of 53.15 percent with the development. Based on the switching value analysis, the farm is sensitive to a decline in income.

DESCRIPTIVE STUDY ANALYSIS OF FEASIBILITY VANAME SHRIMP (LITOPENAEUS VANNAMEI) IN PLASTIC PONDS IN TELUK PAMBANG VILLAGE

This study aims to determine and describe the feasibility of vannamei shrimp cultivation in Teluk Pambang Village, Bantan District, Bengkalis Regency. This type of research is descriptive. In this study, interview techniques were used to collect data. Researchers are interested in studying how the business feasibility study on the vannamei shrimp farming business of the Cooperative Produksi Generasi Mandiri is seen from two indicators, namely non-financial aspects and financial aspects. According to research results and conclusions, non-financial aspects have several indicators, namely: technical aspects, environmental aspects, marketing aspects, management aspects, economic and social aspects, human resource aspects, and legal aspects. From the non-financial aspect, it is stated that it is very feasible to run because it has met the assessment criteria for several non-financial aspect indicators. From a financial point of view, it is analyzed using the profit/loss (L/R) method at IDR 2,095,090,000, the benefit-cost ratio (B/C ratio) of 1.47, and the break-even point (BEP) at a BEP price of IDR 549,000,000. With a total of 8,280 units and a payback period (PP) of 1.2 years, the Vannamei shrimp farming business of the Mandiri Production Cooperative is declared very feasible to run.

Measuring BUMDes Performance to Optimize Village Economic Growth

A village with evenly distributed economic growth is an achievement in itself, as seen by the presence of BUMDes. This does not work easily, there are deficiencies and limitations so that the existence of BUMDes can make a positive contribution to a more independent village and grow its economy. The research objective is to measure the performance of BUMDes. The object of research is BUMDes Delta Mulia in the village of Panempan Pamekasan. The research method is in the form of quantitative descriptive using a combination of analysis Malcolm Baldrige and Du Pont System in producing BUMDes performance analysis. The results of the research show that the financial aspect resulted in a decrease in performance from 2018 to 2021. The average calculation shows a result of 28.38% where this figure is below the 30% standard, which means that the performance is not optimal. From the non-financial aspect, it generates 844 points out of a maximum total of 1000 points which means that BUMDes performance is in the Benchmark Leader criteria. From the results of this study, BUMDes can carry out performance evaluations, especially on financial aspects so that their performance is better and as good as performance on non-financial aspects

USAHATANI INTEGRASI PADI HITAM & LELE SANGKURIANG DENGAN SISTEM AKUAPONIK (Studi Kasus Di Kelompok Tani Terpadu Angsana Kelurahan Pengasinan, Kecamatan Sawangan, Kota Depok, Jawa Barat)

Every year, Depok City always experience a decrease in their agricultural area but in 2020, a community form an integrated farmer group named Angsana Integrated Farmer Group in the middle of a residential area. This farmer group utilize a public facility land that has been neglected by building black rice and sangkuriang lele farming with an aquaponic system. The aim of this study is to obtain the characteristic of the Angsana Integrated Farmer Group and to find out the feasibility aspect of the black rice and sangkuriang lele farming business with the aquaponic system. Data collection techniques were carried out in library research, interviews, observation and documentation. This feasibility study is observed descriptively from non-financial aspects such as legal, market and marketing, environmental, management, human resources, technical, technological, and financial aspects. The results of this research showed that the aquaponic business is feasible to run from the non-financial aspect by taking notice of the needs of every aspect. Financial analysis of the black rice and sangkuriang catfish farming after calculating using financial feasibility criteria also showed that this business is feasible to run.

Proposed Growth Strategy for Small Business Using the SME Soundness Assessment Method

Small and Medium Enterprises (SME) is an enterprise activity that plays a role in increasing national income, promoting economic growth, and achieving national stability. SMEs have promoted economic growth by creating employment opportunities and balancing the economy. The increase in the number of SMEs has positively impacted the Indonesian economy, showing an overall increase of 60.43 %, and the government is being asked to reduce the SME tax to 0.5%. Unfortunately, this does not free business participants from problems that result in the ongoing business not running. To support this issue in various ways, SMEs need to know the health of their business and company. SME Soundness Measurement provides a vision of business performance from a financial such as liquidity ratio, activity ratio, loan ratio, profitability ratio, and nonfinancial such as marketing, operations, good governance, human resources. The assessment results were compared with the table AHP Calculations, final score of financial of 38.81% and non-financial aspect of 25.92%, overall score of 64.73%. The results of measuring the level of Health obtained results in Cracktive companies, which are included in the Good Soundness II” category with a A rating. Measurement the Health Level of SMEs is appropriate for Cracktive companies to determine the level of health and can be a tool for improvement.

THE EFFECT OF ENTERPRISE RISK MANAGEMENT DISCLOSURE, CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE, AND PROFITABILITY ON THE VALUE OF MANUFACTURING COMPANIES LISTED ON THE IDX FOR THE YEAR 2019-2020

In making investment decisions, of course, investors must pay attention to financial and non-financial aspects. In the financial aspect, of course, it can be seen through the level of company profitability. Meanwhile, in the non-financial aspect, potential investors can use the company's non-financial information such as corporate risk management and corporate social responsibility. This study aims to provide empirical evidence of the influence of financial aspects, namely profitability and also the influence of non-financial aspects, namely corporate risk management and corporate social responsibility on firm value. The population in this study were all manufacturing companies listed on the Indonesia Stock Exchange during the 2019-2020 period as many as 172 companies. The sampling technique in this study used a purposive sampling technique so that 95 data were obtained from the company's annual report. Analysis using SPSS program with multiple linear regression analysis method. This study provides empirical evidence that the financial aspect, namely profitability, has a positive influence on firm value. Then the non-financial aspect, namely corporate social responsibility, also has a positive influence on firm value, while corporate risk management has no effect on increasing firm value. This study provides information to potential investors that to assess the company can be seen from the financial and non-financial side. This encourages companies to better disclose non-financial information in order to have a positive impact on the company and external parties in need.

중소기업의 스마트공장 수용자세가 구축성과에 미치는 영향 - 관련요인의 매개효과를 중심으로 -

Purpose In order to find the policy direction for the successful construction of smart factories, we study the effects of government non-financial support, smart factory solutions, and the agency capability on corporate performance of smart factory establishment. Method Measured variables based on prior research were searched for, then questionnaires were formed, and the data surveyed on companies participating in the smart factory construction project were analyzed using PASW Statistics 18.0. Result As a result, it was confirmed that the company’s acceptance attitude had a significant effect on the construction performance. And the influence of the adopting company''s acceptance attitude on the construction performance was mediated by the adequacy of government support in the non-financial aspect and the capacity of the operating institution. Conclusion It is necessary to actively seek out the sharing and promotion of successful cases of excellent smart factory companies, and the use of retired professional technical personnel. In addition, it is necessary to select and input a competent operating agency.

Does Neoclassical Theory Exist in SMEs? Evidence from Central Java-Indonesia

Financial and non-financial aspects can influence company performance, not excluding small-medium enterprises (SMEs). This research examines the non-financial aspect, since studies in this area are still limited. This research strives to demonstrate the existence of the neoclassical theory in the relationship framework between the business aspect (real sector) and SME performance. This study, which was conducted on batik SMEs in Central Java Province-Indonesia, consisted of 265 samples. The data was obtained from surveys through distributing questionnaires and conducting interviews with batik SME entrepreneurs. The data analysis used a structural equation model (SEM). These study results documented that business prospects have direct and indirect effects on SME performance. The indirect influences are produced through entrepreneurial-oriented financial mediation. This finding reveals that the neoclassical theory will be more effective to improve company performance through entrepreneurial-oriented finance. The importance of the role of this mediating variable is shown from the total effect of the coefficient that is higher than the indirect effect or the direct effect of the coefficient.

Exploring the effect of airport incentive programs: the practice of Narita International Airport

ABSTRACT Incentive programs are widely used by airports as a marketing tool to attract new services. Empirical evidence regarding the effects of an isolated incentive program is yet to be explored. In this paper, we focus on airports located in Asia to detect the mechanisms, results and effects of the incentive program initiated by Narita International Airport, Japan. We present non-financial and financial indices to explore the effects of incentive schemes. For the non-financial aspect, the retention rate of new air services under incentives is explicitly defined and calculated. Regarding the financial impact, the costs and revenues and tourism revenues of flights under incentive schemes are calculated to estimate the incentive program’s financial and economic effects. The results demonstrate that the ‘2015RDP’ incentive program initiated by Narita International Airport has met its strategic goals and achieved success in attracting new services, as well as generating additional revenue for the airport and tourism industry.

Assesing the Financial Performance: in Perspective Environmental Performance, CSR, GCG, and Leverage

The company has a goal to generate maximum profit. However, the dry season in 2019 used by them to carried out "land clearing" of the forest to make profits in a bad way. This is conseptual research and qualitative research that aims to analyze the influence between variables. This research analyzes the effect of Environmental Performance, Corporate Social Responsibility (CSR), Good Corporate Governance (GCG) as a non-financial aspect and Leverage as financial aspect on Financial Performance. This research is designed by qualitative research with theoretical reviews as the main method. The authors conducted a systematic review of the articles that were identified from international and national business journals published between 2014 and 2019. There is three basic theory about agency theory, stakeholder theory, and trade-off theory as the foundation for reviewing some previous research. By the classifying the result found some propositions: 1) The good of environmental performance affect positive financial performance, 2) The higher disclosure of Corporate Social Responsibility affects the financial performance to be good, 3) The good implementation of Good Corporate Governance can make the financial performance to be good and, 4) The good ratio of Leverage will affect positively the financial performance

Good Corporate Governance and Leverage of Financial Performance: Literatur Review

A company has a main target to make a profit. However, in these years there are some private company and State-Owned Enterprises has financial trouble and suffered financial losses. Some of those financial trouble is caused by chaotic management and high ratio of debt that causing the risk of failed paying. Successful corporation management is strongly related with applying good corporate governance (GCG). This research aim to analyze the impact of good corporate governance (boards of commissioners, boards of independent commissioners, boards of directors, institutional ownerships) as non-financial aspect and leverage as financial aspect of financial performance. This research is a qualitative research using theoretical review and supported by the previous research. There are two theories as the basic theories to observing the previous research which is agency and trade off theory. The result of the analysis of some previous research found some proposition: (1) boards of commissioners has impact to financial performance, (2) boards of independent commissioners has impact to financial performance, (3) boards of directors has impact to financial performance, (4) institutional ownerships has impact to financial performance, and (5) leverage has impact to financial performance

Studi Kelayakan Coffee Class Pada Mase Coffee Lab di Bantul, Yogyakarta

Coffee Class on Mase Coffee Lab is a business which provides knowledges about coffee industry. The business was founded with basis that there is a growth in interest of coffee and only few similar businesses already exist. With that uniqueness, a research of feasibility study is needed. The aim is to determine the feasibility of the investment that is already ongoing. The data is obtained from either owner and literature study. Then using the data, feasibility study is conducted by analyzing non-financial aspect, financial aspect, continued with further evaluation by doing sensitivity analysis. Non-financial aspect consists of market aspect, technical aspect, management and law aspect also social, economic and environmental aspect. Financial aspect consists of evaluation of Net Present Value (NPV), Payment Back Period (PBP), Benefit to Cost Ratio (BCR) and Internal Rate of Return (IRR). The result obtained are, consecutively, IDR 49,046,768.59, 2 years, 1,21, and 57,84%. Then sensitivity analysis is done for participant numbers, and operational cost. From analysis, it can be concluded that the investment on the business is feasible and it is sensitive to the number of participants.

Barriers to technological innovations of SMEs: how to solve them?

PurposeThis study aims to analyze the inhibiting factors of small and medium enterprises (SMEs’) technology innovation, supporting institutions for SMEs technology innovation development, SMEs’ technology innovation development model and strategies for developing SMEs in technology innovation.Design/methodology/approachThis is a mixed-method research project conducted through a survey of SMEs in Riau Province, Sumatera Indonesia (primarily in the districts of Siak, Kampar and Pelalawan) from April to July 2019. SMEs that have been operating for at least five years were chosen purposively as samples. Based on the requirement, there are 277 entities used in this study. A focus group discussion (FGD) was also conducted to formulate SME models and development strategies in technological innovation. In addition, in-depth interviews and observations were also carried out on technological innovations undertaken by respondents.FindingsIt was found that there are five inhibiting factors of SMEs’ technology innovation: government support, quality of human resources, funding of technological innovation, economic conditions and business partners. The biggest inhibiting factor remains to be the funding of technological innovation. Therefore SMEs provide independent technological innovation costs to develop technological innovations for business sustainability. Supporting institutions for developing SME technology innovation consist of government institutions, private institutions, financial institutions (banks) and nonbank financial institutions. To survive and excel amid competition, SMEs need to pay attention to technological innovation. The business strategy that needs to be done is to improve services to consumers and improve their attitude toward innovation in the implementation and development of SMEs’ businesses.Research limitations/implicationsThis research is limited to research on the inhibiting factors for SME technology innovation from the aspect of the production sector. This research has not studied various business fields in the trade, service and digital SME sectors. Future studies can reveal factors inhibiting SME technological innovation, except production aspects and various SME business fields. In addition, this study has not analyzed the cost of technological innovation provided by SMEs. Therefore, future studies could also reveal the large costs of technological innovation provided by SMEs.Originality/valueThis research investigates barriers hindering the SMEs’ technological innovations in Southeast Asia, including Indonesia as a maritime country. It also formulates strategies to reduce the barriers to SME’s technological innovation and contributes to the development of knowledge of technological innovations in SMEs. Moreover, this paper involves investigating government support from a nonfinancial aspect. To the best of the authors’ knowledge, this aspect has not been much discussed by studies on innovation at SMEs till now.

The Effect of Cyber bullying Victimization on Counterproductive Work Behavior

Counterproductive Work Behavior (CWB) is a behvaior that is contrary with the norms and the rules of an organization. CWB can give the big problems in financial and non-financial aspect for an organization or a member of organization . In this study we will show the effect of cyberbullying victimization on CWB in organization. In this research CWB will be analyzed with the level of cyberbullying victimization that is a variabel which is rarely been studied. The object of this research is pest contrl sector that is never studied in previoud research. A questionnaire has been designed and distributed to 585 pest control employees at Indonesia and the data will be analyzed with SEM ( Structral Equation modelling). This research show that cyberbullying victimization give the positive and significant effect to CWB. This illustrates that the higher level of cyberbullying victimization within an organization, the higher CWB rate and otherwise.Counterproductive Work Behavior (CWB) is a behavior that is contrary with the norms and the rules of an organization. CWB can give the big problems in financial and non-financial aspect for an organization or a member of organization . In this study we will show the effect of cyber bullying victimization on CWB in organization. In this research CWB will be analyzed with the level of cyber bullying victimization that is a variable which is rarely been studied. The object of this research is pest control sector that is never studied in previous research. A questionnaire has been designed and distributed to 585 pest control employees at Indonesia and the data will be analyzed with SEM ( Structural Equation modelling). These researches show that cyber bullying victimization give the positive and significant effect to CWB. This illustrates that the higher level of cyber bullying victimization within an organization, the higher CWB rate and otherwise.

The Effect of Cyberbullying Victimization on Counterproductive Work Behavior

Counterproductive Work Behavior (CWB) is a behavior that is contrary with the norms and the rules of an organization. CWB can give the big problems in financial and non-financial aspect for an organization or a member of organization. In this study we will show the effect of cyberbullying victimization on CWB in organization. In this research CWB will be analyzed with the level of cyberbullying victimization that is a variable which is rarely been studied. The object of this research is pest control sector that is never studied in previous research. A questionnaire has been designed and distributed to 585 pest control employees at Indonesia and the data will be analyzed with SEM (Structural Equation modelling). These researches show that cyberbullying victimization give the positive and significant effect to CWB. This illustrates that the higher level of cyberbullying victimization within an organization, the higher CWB rate and otherwise.