Plantation Companies Research Articles

Analisis Struktur Modal, Kebijakan Deviden, Keputusan Investasi, dan Inflasi dengan Profitabilitas sebagai Variabel Intervening terhadap Nilai Perusahaan (Studi Empiris pada Perusahaan Perkebunan yang Terdaftar Di BEI Tahun 2016 – 2021)

The aim of the study is to determine whether the factors of capital structure, dividend policy, investment choices, and inflation have a direct or indirect impact on the profitability of plantation companies on the IDX between 2016 and 2021. From 2016 to 2021, this study focuses on 15 plantation companies on the IDX. The eight plantation companies on the IDX are a sample size that meets the specified requirements. Secondary data from BEI and BI are used quantitatively. Panel data regression analysis with Smart PLS program and a significance level of 10% is a data analysis method that has been applied. The results showed that firm value was positively and significantly influenced by capital structure, dividend policy, inflation, and profitability. Investment choices also affect firm value positively but not significantly. In addition, capital structure, investment choices, and inflation have a positive but not significant impact on profitability, while dividend policy has a positive but quite large impact. Profitability can reduce how negatively dividend policy affects firm value. On the other hand, profitability cannot reduce the influence of the relationship between capital structure, investment choice, and inflation on firm value.

HYGIENE SANITATION AND FOOD SAFETY IN EMPLOYEE RESTAURANTS

Restaurants is a food processing place that produces and sells various types of food and beverages for the wider community. With the development of restaurants, it is necessary to make food and beverage health efforts with the aim that people's ability to manage can be increased so that people avoid health problems or food poisoning. One of the efforts that can be done is to check the feasibility of the restaurant's hygiene and sanitation. The purpose of this study was for this examination to determine hygiene and sanitation in employee restaurants from 4 factors, employee, equipment, food, and place. The research method used is descriptive qualitative by evaluating employee restaurants in the mess area of industrial forest plantation companies by filling out a restaurant sanitation hygiene inspection form issued by the Directorate of Environmental Health of the Republic of Indonesia in 2017, informant from owner and canteen employee. The results show that the restaurant building is semi-permanent. Workers do not have uniforms and do not carry out routine health checks. Food storage cabinet equipment is not available properly for foodstuffs that require closed storage and room temperature. Clean water sources and hand washing facilities and toilets are well available. The food preparation provides a varied menu but the calories are not calculated for the nutritional value. It is recommended for companies and restaurant managers to manage menu calculations that are sufficient in calories and nutrition for employees, provide safer food storage places, and employees are also advised to use uniforms and health checks to keep food from contamination so that consumers can receive healthy food that is also safe for consumption.

The Effect of Motivation and Work Discipline and Organizational Culture on Job Satisfaction and Their Impact on the Performance of Village Unit Cooperative Employees in Ogan Komering Ilir Indonesia

The Village Unit Cooperative (VUC) in Ogan Komering Ilir Regency is an organization engaged in all-round business, such as trading of palm oil fresh fruit bunches. The VUC serves as a partner and partner of several oil palm plantation companies. Results Based on the annual accountability report, the achievement of profit targets has decreased, as well as decreased discipline levels based on the results of the list of absenteeism and employee tardiness. This study is intended to examine the influence, work discipline, and organizational culture on job satisfaction and its impact on the performance of the village unit cooperative employees in Ogan Komering Ilir Regency. The population in this study were all permanent employees of VUC as many as 191 people, with a sample of 130 people using purposive sampling technique. The research method used is a verification method (causal study) with data collection using Interview and questionnaire techniques, which are then processed using Partial Least Squares - Structural Equation Modeling (SEM-PLS). The results of this study indicate that motivation has a significant effect on job satisfaction and performance, work discipline has a significant effect on job satisfaction but has no effect on performance, then organizational culture has a significant effect on job satisfaction, but has no effect on performance, and finally job satisfaction shows a significant effect on job satisfaction performance of VUC employees in Ogan Komering Ilir Regency.

Management of Organizational Culture and Organizational Learning as Variables in Improving Performance

The commodity of crude palm oil (CPO) from time to time has more profitable business prospects. Indonesia and Malaysia are the largest CPO producing countries in the world. The availability of large enough land is one of the factors that makes Indonesia a major producer of CPO for the world community. However, the productivity of oil palm plantations in Indonesia is still low compared to Malaysia. This then becomes the rationale that improving the performance of oil palm plantation companies is not only related to the availability of land, technology or capital. However, another important thing that needs to be done is how oil palm plantation companies manage organizational culture and organizational learning activities. This study aims to determine the effect of organizational culture and organizational learning on the performance of employees of PTPN XIII (Persero) which is a coconut plantation company. The sample in this study were employees of class III - IV PTPN XIII (Persero) who served in West Kalimantan. The data analysis model uses Partial Least Square (PLS). The results show that organizational culture has a significant effect on employee performance with a positive relationship direction, while organizational learning has no significant effect on employee performance with a positive relationship direction. This means that organizational learning has very little effect on employee performance.

Implementation of Sustainable Plantation Principles Through Indonesian Sustainable Palm Oil in North Aceh Regency

North Aceh Regency has 33,781.64 hectares of oil palm plantations granted to 11 plantation companies with the amount of land raises many issues in the social-ecological field. Therefore, the government of the North Aceh Regency developed the concept of sustainability-oriented plantation development and was guided by Regulation of the Minister of Agriculture No. 11/Permentan (the Minister of Agriculture Regulation)/Ot.140/3/2015 concerning the Indonesian Sustainable Palm Oil Certification System (ISPO). This study aims to analyze what are the obstacles, and how the role and efforts of the North Aceh Regency Government in implementing the principles of sustainable plantations through ISPO. The research method used in this research is empirical juridical research. The study employs three approaches, namely the identifying research objects approach, the statutory approach, and the vertical and horizontal synchronization approach to uncover the reality. Based on the results of this study, the Government of North Aceh Regency has encouraged only 3 companies out of 11 companies in the palm oil sector to commit to ISPO certification. This is because only these three companies which are committed to implement ISPO certification. In the implementation, there were obstacles due to the lack of awareness of palm oil plantation companies in carrying out ISPO certification. The North Aceh Government's efforts are to allocate a budget to overcome these obstacles, as well as form a team to accelerate the implementation of ISPO. It is recommended that there is a need for synergy between the North Aceh Regency Government and businessmen in the oil palm plantation sector in the realization of sustainable oil palm plantations with the concept of ISPO certification.

Implementation of Sustainable Plantation Principles Through Indonesian Sustainable Palm Oil in North Aceh Regency

North Aceh Regency has 33,781.64 hectares of oil palm plantations granted to 11 plantation companies with the amount of land raises many issues in the social-ecological field. Therefore, the government of the North Aceh Regency developed the concept of sustainability-oriented plantation development and was guided by Regulation of the Minister of Agriculture No. 11/Permentan (the Minister of Agriculture Regulation)/Ot.140/3/2015 concerning the Indonesian Sustainable Palm Oil Certification System (ISPO). This study aims to analyze what are the obstacles, and how the role and efforts of the North Aceh Regency Government in implementing the principles of sustainable plantations through ISPO. The research method used in this research is empirical juridical research. The study employs three approaches, namely the identifying research objects approach, the statutory approach, and the vertical and horizontal synchronization approach to uncover the reality. Based on the results of this study, the Government of North Aceh Regency has encouraged only 3 companies out of 11 companies in the palm oil sector to commit to ISPO certification. This is because only these three companies which are committed to implement ISPO certification. In the implementation, there were obstacles due to the lack of awareness of palm oil plantation companies in carrying out ISPO certification. The North Aceh Government’s efforts are to allocate a budget to overcome these obstacles, as well as form a team to accelerate the implementation of ISPO. It is recommended that there is a need for synergy between the North Aceh Regency Government and businessmen in the oil palm plantation sector in the realization of sustainable oil palm plantations with the concept of ISPO certification

Implementation of GRI Standards in the Sustainability Reports of Plantation Sector Companies Listed on the Indonesia Stock Exchange (IDX)

The sustainability report is one of the business strategies to increase investor confidence through specific disclosure items. This paper is written with the aim of disclosing the application of GRI Standards in sustainability reports of plantation companies listed on the IDX. The sample companies in this paper are 15 companies with the object being the 2021 plantation company sustainability report. The results of the analysis show that the disclosure of the GRI Standards implementation in plantation companies listed on the BEI is an average of 51.74% with an average number of disclosures of 73, 47 items are in the Partially Applied category. The largest average disclosure is on universal standards by 69.77%, environmental specific topics by 43.53%, social by 39.83% and economic by 32.36%. PT. Sampoerna Agro Tbk. is the company with the highest disclosure of 113 disclosure items or 79.58% in the Well Applied category. While the company that made the least disclosure in 2021 was PT. BISI International Tbk. with 41 disclosure items or 28.87% of the 142 items that must be disclosed are in the Limited Disclosure category. These results indicate that the application of GRI Standards is still relatively low so that special attention is needed from plantation companies to be able to increase disclosure items in the following year considering that the impact on the company's operational activities is quite large on the economy, environment and social environment around the company's location.

Analysis of Changes Model on Turnover Intention During the COVID-19 Pandemic

This study aimed to examine of changes model on turnover intention on the effect of job stress and organizational climate through job satisfaction in oil palm plantation companies during the COVID-19 pandemic. The analysis was conducted using 120 respondents comprising field and office employees identified in strategic positions as respondents. Data were collected using online questionnaires and tested for normality using Structural Equation Model (SEM) analysis with SmartPLS 3.2.7. The results showed that all the p-value indicators of the latent variable < 0.05 and this implies they are all valid and reliable to be used in the construct. The direct effects of X1 (JobStress) and X2 (Organizational Climate) on Y (Job Satisfaction), and X1 (Job Stress) on Z (Turnover Intention) were found to be significant while the other direct effects were insignificant. Moreover, all indirect effects were not significant but the effects of Total X1 (Job Stress) and X2 (Organizational Climate) on Y (Job Satisfaction) and the effect of X1 (Job Stress) on Z (Turnover Intention) were significant while the other total effects were insignificant. A strong indicator was discovered to be often thinking about leaving and actively looking for other job opportunities. This indicates that managers need to maintain work stress through the implementation of better policies related to work conditions. This is important because it was observed to affect job satisfaction, thereby, leading to turnover intention, especially during the COVID-19 pandemic.

THE EFFECT OF GOOD CORPORATE GOVERNANCE AND CORPORATE SOCIAL RESPONSIBILITY DISCLOSURE ON FIRM VALUE THROUGH FINANCIAL PERFORMANCE AS MEDIATION VARIABLES IN PALM OIL PLANTATION COMPANIES LISTED ON INDONESIA STOCK EXCHANGE

This study aims to determine the effect of Corporate Social Responsibility (CSR) Disclosure and Good Corporate Governance (GCG) proxied through the Audit Committee, Independent Commissioners and Institutional Ownership on Firm Value through Financial Performance as a mediating variable. The population of this study is all oil palm plantation companies listed on Indonesia Stock Exchange for the period 2016-2020. The sample used in this study amounted to 11 companies. This type of research uses quantitative research methods. Data analysis using Path Analysis approach, with analysis tools using SPSS. The results show that institutional ownership has a negative effect on firm value (Tobin's Q). Audit Committee, CSR Disclosure and Financial Performance have no effect on Firm Value. Independent Commissioner has a positive effect on Firm Value. Institutional ownership has a positive effect on financial performance. However, the Audit Committee, Independent Commissioner and CSR Disclosure have no effect on Financial Performance. Based on the results of the mediation test, it shows that Financial Performance is able to act as a mediating variable between CSR Disclosures, Audit Committees and Institutional Ownership on Firm Value, but Financial Performance is not a mediating variable in the relationship between Independent Commissioners and Firm Value

Large-Scale Oil Palm Trees Detection from High-Resolution Remote Sensing Images Using Deep Learning

Tree counting is an important plantation practice for biological asset inventories, etc. The application of precision agriculture in counting oil palm trees can be implemented by detecting oil palm trees from aerial imagery. This research uses the deep learning approach using YOLOv3, YOLOv4, and YOLOv5m in detecting oil palm trees. The dataset consists of drone images of an oil palm plantation acquired using a Fixed Wing VTOL drone with a resolution of 5cm/pixel, covering an area of 730 ha labeled with an oil palm class of 56,614 labels. The test dataset covers an area of 180 ha with flat and hilly conditions with sparse, dense, and overlapping canopy and oil palm trees intersecting with other vegetations. Model testing using images from 24 regions, each of which covering 12 ha with up to 1000 trees (for a total of 17,343 oil palm trees), yielded F1-scores of 97.28%, 97.74%, and 94.94%, with an average detection time of 43 s, 45 s, and 21 s for models trained with YOLOv3, YOLOv4, and YOLOv5m, respectively. This result shows that the method is sufficiently accurate and efficient in detecting oil palm trees and has the potential to be implemented in commercial applications for plantation companies.

Palm oil plantation transportation management improving using economic information systems and Qm-Windows

Limited information, mainly based on real economy as a tool for determining transportation infrastructure location, is one of the obstacles faced by oil palm plantation companies. This study aims to develop a management information system for transporting the Transportation of Fresh Fruit Bunches (FFB) in oil palm plantations with considering the economic analysis by combination of GIS and Qm-Windows. This research uses the descriptive method. The study was conducted at one of the oil palm plantations in Central Kalimantan. Data were analyzed using the post-classification change detection (PCCD) method and estimated costs using the transportation method with the Qm-Windows program’s help. The results showed that the GIS with Arcgis 10.1 application could compile an inventory information system for oil palm plantation transportation. Cost estimation based on the Qm-Windows application can be used to determine the priority of transportation selection estimation with minimum cost. These applications can be applied as reference considerations for policymaking in managing oil palm FFB transportation management.

Strategi Pemasaran Agen Dalam Mempertahankan Loyalitas Nasabah di PT Prudential Life Assurance Cabang Binjai


 Prudential Life Assurance, a branch of Binjai, is a company engaged in insurance. In an effort to increase sales of insurance policies in Binjai City generally use several marketing strategies. The marketing strategy is implemented by the insurance agent/consultant of the company. This type of research is descriptive with a qualitative approach. Data collection used by using interviews, study documentation and observation. The study in this research is to find out "Agent Marketing Strategy in Maintaining Customer Loyalty at PT Prudential Life Assurance Binjai branch with research aspects: insurance products, premium prices, promotions, places, people and physical facilities. The results showed that the branch of PT. Prudential Life Assrance Binjai branch has been able to carry out the marketing strategy created and determined by the company through several patterns, namely mobilizing its agents/consultants to the maximum in the field with adequate knowledge about insurance products and benefits so that they have the ability to explain them to potential customers/prospective consumers and marketing patterns in a comprehensive manner. Online through the company's website which is promoted through various electronic media. The technical marketing of various types of insurance owned by the company is done by moving agents/consultants to visit from house to house (door to door). communities that have been targeted by agents/consuls previously. The second technique is to hold meetings with groups of people both in offices and plantation companies and other economic institutions so that the sale of policies can be done collectively. Thus the branch company PT. Prudential Life Assurance Binjai branch managed to increase sales of insurance policies from the previous year, 2017. The conclusion of the research is that with a marketing strategy by visiting prospective customers from house to door (door to door) conducting marketing to many people at once in various agencies and companies, the company Prudential Life Assurance insurance at the Binjai branch has succeeded in gradually increasing sales of insurance policies from 2015-2021.
 
 Keywords: Strategy, Marketing, Prudential Life Assurance Binjai

The Benefits of Implementing Lean Six Sigma in a Malaysian Plantation Company

Lean Six Sigma (LSS) is a method focused on continuous improvement of quality, elimination of waste and minimization of defects in an organization. LSS has been tremendously applied in Multinational corporations (MNC) for cost savings and benefits. Many LSS studies have been done in western countries and a few studies have been found in developing countries, particularly in plantation industries. This study aims to explore the benefits of implementation of LSS in one of the Malaysia MNC in plantation industries. Overall, this study contributes to the benefits of implementing LSS, particularly in plantation MNC in developing countries.

Sustainable Tourism Development Strategy with AHP (Analytical Hierarchy Process) Method in Pagilaran Tea Plantation Agrotourism, Indonesia

Tourism requires a strategy for development. The steps taken in developing tourism are quite complex. The tourism potential in the Pagilaran Tea Plantation can find a sustainable tourism model in an agro-tourism. Of course there are still many shortcomings from various aspects regarding the development of sustainable tourism in Pagilaran Tea Plantation Agrotourism, especially related to management. This study measures and examines the agro-tourism development strategy of Pagilaran Tea Plantation which has the advantage of being a sustainable tourism model with its social, economic, environmental and educational aspects. The right method used for this research is AHP (Analytical Hierarchy Process) because this method solves a complex unstructured situation into several components in a hierarchical arrangement, by assigning a subjective value to the relative importance of each variable, and determining which variable has the highest priority in order to influence the outcome of the situation. The results of the AHP analysis (Analytical Hierarchy Process) in obtaining priority from the criteria of factors in the sustainable tourism development strategy of Pagilaran Agrotourism, namely: Economic, Socio-Cultural, Ecological and Educational factors (0.351). The highest priority is education which gets a vector weight value (0.351). This result is in accordance with the vision and mission of the Pagilaran tea plantation company and the history of the Pagilaran tea plantation that the existence of this plantation is intended for education and research. Agrotourism is actually intended for educational tourism that provides insight and knowledge about agricultural commodities. Based on the results of the AHP analysis (Analytical Hierarchy Process) as a whole shows that the priority of alternative choices for sustainable tourism development strategies in Pagilaran Tea Plantation Agrotourism are as follows: 1st priority: Human Resources Development, 2nd priority: Tourism Infrastructure, 3rd priority: Tourism Marketing and 3rd priority: 4: Giving Capital.An alternative strategy that becomes a priority to be developed is human resource development (0.297). This is relevant to the development strategy of the Pagilaran tea plantation Agrotourism where the education aspect is a top priority.

Fraud Detection: Application of COSO on Auditing Accounting Information Systems in Plantation Companies

The research was conducted with the aim of developing internal controls in the accounting cycle, especially in accounting information systems based on the COSO Integrated Framework 2013. Internal control is very important for every company because it relates to the number of assets managed by the company. This research was conducted with a descriptive approach and method. The design of this research is a case study. Data collection techniques were carried out by interview and document inspection methods. After that, data collection is carried out as a source of information for internal control and obtaining. The results of this study indicate that the internal control of the accounting information system at PT XYZ is less effective so that the potential for vulnerability is still large. The accounting information system used today is still limited to data entry. Not yet have an integrated system that can support the company's business processes. This can open up opportunities for fraud to occur. In order to prevent or minimize the risk of the need for adequate control in the work unit, especially the accounting reporting unit through the accounting information system

Impact of Indonesian Sustainable Palm Oil (ISPO) Certification to Environmental Behavior of Palm Oil Plantation Companies

In order to realize sustainable palm oil plantations and to overcome negative impacts of it, Indonesian government has required Indonesian Sustainable Palm Oil (ISPO) certification to palm oil plantation companies. After 10 years of implementation, it is important to know the impact of ISPO certification on environmental behavior of palm oil plantation companies, especially related to deforestation and land fires. Using qualitative method, this study investigates environmental behavior changes in seven palm oil plantation company related to deforestation, and land fires as results of ISPO certification and to analyze the cause of the changes. This study showed that the implementations of ISPO certification are able to change the company's environmental behavior to reduce forest conversion in concession areas and increase conservation areas as a fulfillment of ISPO principles and criteria. The change of those company’s environmental behavior caused by the pressure to issue ISPO regulation, the influence of the company's internal stakeholders in responding and understanding ISPO, and encouragement to get easy finance access from banks.

Pengaruh Kebijakan Dividen, Profitabilitas dan Ukuran Perusahaan terhadap Nilai Perusahaan pada Perusahaan Sub Sektor Perkebunan yang Terdaftar di Bursa Efek Indonesia

This study aimed to determine the effect of dividend policy, profitability, and firm size on the value of the company of plantation companies listed on the Indonesia Stock Exchange (IDX) within period 2014-2020. The study used quantitative data type by using secondary data as the data source. The sampling in this study used the Purposive Sampling method with a sample of 5 companies. The analysis technique used is multiple linear analysis using Eviews. The results showed that dividend policy variable has significant and positive effect on firm value, profitability variable has no effect on firm value, and firm size has significant and negative effect on firm value.

PENDIDIKAN DAN PERGERAKAN NASIONAL: BANYUWANGI AWAL ABAD XX

Modern education in Banyuwangi, which was established by the government, firstly appeared in 1819 in the form of the Europeesche Lagere School (ELS), approximately two years after the first school has founded in the Dutch East Indies. The existence of this school is inseparable from the interests and needs of the government to prepare skilled government employees. The existing schools were not well developed even though the need for modern schools increased. The enactment of the ethical policy provided an opportunity for non-government parties. Subsequently, schools established by Indo-European, Arab, and Chinese entrepreneurs, and national movement organization. This paper studies the dynamics of their roles in founding a modern school in Banyuwangi during the era of ethical policy. This study used historical methods to explain the education and policies that encouraged the nongovernment sector’s efforts at that time in actively establishing schools for their respective groups. The study found that ethical policy opened opportunities and strengthened the existence of parties outside the government to establish schools in Banyuwangi and develop modern education. The changes were in the strengthening of plantation companies that promoted the opening of new areas, the economic crisis, and the politics of segregation demanded the availability of schools for all groups.

Settlement Of Conflict Utilization Of Plantation Land Above Ulayat Rights Of Indigenous Communities

Conflict resolution disputes that are carried out through the courts often experience obstacles, including the absence of legal benefits in resolving disputes between communities cultivating customary land rights and plantation company authorities. The development of this conflict will certainly have an impact on national development plans related to the welfare of the entire community. One example of a dispute occurring in North Sumatra Province is the control of plantation land by a company which is claimed by the community as customary land of the Deli Sultanate, based on historically before the independence of the Republic of Indonesia, it was the land of the local community which was handed over to the Sultan to be managed. Keselutanan Deli then collaborated with the Dutch Colonial to manage the land handed over by the community based on the Van Consessie Deed which was signed by Sultan Maimon Al Rasyid Perkasa Alam and Deli Cultur Administrator Maatschaappij J.G. A. Godenhart and approved by Resident der Outkust Van Sumatra P.J Kooreman. The results showed that the revitalization of plantations in the agricultural, trade and manufacturing industries could be a strategy for improving community welfare and avoiding land problems between plantation companies that were granted management rights to customary law communities.

Construction of Indigenous Community Gardens by the Company as Land Conflict Resolution

The study was conducted in the villages, Bencah Kelubi and Subarak. Both villages have oil palm plantation companies. The study aims to scrutinize the influence of oil palm plantations, particularly the development and efforts in resolving land disputes─ the indigenous people and the so-called company in Kampar Regency. This study employed descriptive analysis involving qualitative patterns. The study revealed some points. In Subarak village, the investor of an oil palm plantation built a garden for indigenous people. In addition, prior to the investment, they apply the principle of Free, Prior, and Informed Consent (known as PADIATAPA). On the other hand, the investors (oil palm plantation companies) did not fulfill the commitment to build gardens for the community. Also, they disregarded the principle of PADIATAPA. In conclusion, employing the PADIATAPA principle at the initial stage could significantly lessen the conflicts between oil palm plantation companies and indigenous people.