Asset Utilization Research Articles

Training on Microgreen Cultivation as a Strategy to Strengthen Food Security and Family Nutrition

The pandemic conditions since two years ago have left people vigilant about economic security, especially food security. Another problem is that the reduction of agricultural land and the density of residential housing has encouraged the emergence of a new concept of gardening on limited land. Agriculture in urban areas with minimal land is called Urban Farming by the agricultural community. This service aims to provide knowledge to partners about alternative strategies to strengthen family food security through microgreen cultivation. The method used in this service is the Community Based Research (CBR) approach, which prioritizes the utilization of assets and potentials that are around and owned by the community or society. This activity was carried out in 3 stages; training, cultivation preparation and implementation of microgreen cultivation. Many people got the benefits and virtues of microgreen cultivation. The partners of this service are community groups who are members of the WES (Women and Environmental Studies) Payungi community which focuses on women and environmental issues and actively participates in spreading knowledge about the environment to the surrounding community. By conducting this training to the partner group, the partners can practice growing microgreens for themselves and participate in introducing it to a wider community environment. Keywords: Strengthen Food Security, Food Security, Training on Microgreen Cultivation

Optimizing the utilization of government-owned tangible assets through managing institutional factors in Indonesia

This study aims to examine whether the institutional factors – governance, asset knowledge, internal control system, and competencies – optimize the utilization of provincial, regency, and municipal governments’ tangible assets in supporting public services. In contrast to previous research, which employed Sharia ethics as exogenous variables, this study includes Sharia ethics as a moderating variable in the model. Sharia ethics is one specific factor in implementing Sharia principles by the government that applies Islamic law in Indonesia. The province of Aceh, with all its regencies and municipals, is the only province that applies Islamic principles in running its government. Primary data were collected using a questionnaire sent to 285 provincial and district government asset managers using a Google form; 229 questionnaires were returned. Structural equation modelling (SEM) was employed to analyze the complex relationships and the hypotheses. The results reveal that institutional factors are not strong enough to optimize the utilization of tangible assets without having deep Sharia ethics. It meant that Sharia ethics is necessary for strengthening the relationship between the institutional factors and the optimization of government asset management in provincial, regency, and municipal governments. The results provide recommendations for provincial, regency, and municipal governments to develop appropriate and reasonable regulations and standards for optimizing asset management within the Aceh government.

Improving Sustainability Asset Performance Based on Dynamic Data Envelopment Analysis

The success of an industry is often measured through sustainability performance because it serves as a benchmark of consideration for asset managers in carrying out actions, planning, and decisions. However, changes in the utilization of physical assets between entities impact not only the life cycle of these assets but also sustainability assets that will affect company performance in terms of controlling company efficiency. The DDEA method is an analytical method that can be used to assess the level of efficiency of the performance of sustainability assets. The performance of sustainability assets is measured using variable maintenance costs, asset availability, material consumption as an economic aspect, variable environmental impact costs, employee health costs, and accidents and incidents as social aspects. In addition, material rejects variables, hazardous waste, and energy consumption costs as environmental aspects. From the results of the analysis of sustainability asset performance through the DDEA method in the period 2018–2022, it shows that both before and after organizational changes have no significant impact. This is shown by the level of efficiency of sustainability asset indicators on the impact of organizational change found in DMU 1, DMU 2, DMU 3, DMU 5, DMU 6, DMU 9, and DMU 10. The achievement of constant or efficient conditions with input-oriented CRS efficiency is at a score of 1. While DMU 4, DMU 7, and DMU 8 show increasing conditions with input-oriented CRS efficiency at less than 1.

Evaluasi Implementasi Analisis Kesebandingan atas Sengketa Transfer Pricing PT OCI

Transfer pricing is one of the most popular drivers of tax disputes between taxpayers and tax authorities around the world. To lessen the probability of disputes, the OECD proposes procedures for comparability analysis. These procedures help taxpayers and tax authorities to determine the arm's length values of related-party transaction, which is the main cause of many transfer pricing disputes. This study uses a case study method, focusing on PT OCI, to evaluate a firm’s comparative analysis practice and its conformity to OECD Transfer Pricing Guidelines. Data collection through interviews and documentation. The results of this study indicate that PT OCI had conducted a comparability analysis of transfer pricing transactions in conformity with the OECD guidelines, while the tax authorities have not carried out a comparability analysis in carrying out transfer pricing audits. However, specifically for trademark utilization transactions, PT OCI must accept the results of inspection corrections. Fulfillment of the arm’s length principle for transactions utilizing intangible assets must comply with two additional provisions, namely related to the existence of transactions and economic benefits from the utilization of intangible assets. With the results of the benefit test, it was concluded that the trademark used by PT OCI did not contribute to increasing the success of PT OCI's sales so that transactions for the use of intangible assets did not meet the arm’s length principles.

Pengendalian Kasus Berat Badan Lahir Rendah (BBLR) Dengan Pendekatan Asset Based Community Development (ABCD) Di Puskesmas Tamangapa Kota Makassar

Low Birth Weight (LBW) is a birth weight of less than 2500 grams. Birth weight is an indicator of a child's growthand development into adulthood and describes the nutritional status of the fetus during the womb. The Asset BasedCommunity Development (ABCD) approach owned by the community is to obtain a common goal in controlling LBWstarting from asset identification, problem analysis, potential planning, implementation, and utilization. The focus ofthe research conducted by the author is the identification of human resources (HR) assets towards controlling casesof Low Birth Weight (LBW). This type of research is qualitative research with an Asset Based Community Development(ABCD) approach with observation and In Depth Interview methods. The method of taking informants is snowballsampling in the Tamangapa Health Center working area in 2022. The results showed that controlling cases of lowbirth weight (LBW) with the Asset Based Community Development (ABCD) method at Puskesmas Tamangapa isHuman Assets, namely Health services (pregnant women's programs such as ANC visits, pregnant women's classes,posyandu cadres, whatsapp groups for pregnant women to fulfill nutrition during pregnancy, fulfillment of additionalfood (PMT), neonatal visits, and kangaroo method care), education and knowledge of pregnant women. Economicassets depend on the profession of each resident such as self-employed and civil servants, farmers, breeders, traders.These four assets are very supportive in efforts to control low birth weight cases (LBW) in the Tamangapa HealthCenter working area.

SUSTAINABILITY OF MICROFINANCE INSTITUTIONS IN THE PHILIPPINES

Background and Purpose: Microfinance is the most effective and widely acknowledged method of poverty alleviation across the globe but these days every so and often the MFIs are digressing from their primary mission in pretext of financial and operational sustainability of the organizations. The purpose of this research is to confirm the adherence of double bottom line sustainability of Microfinance institutions (MFIs) and further to identify the determinants of MFIs sustainability in the Philippines.
 
 Methodology: The sample for the study was obtained from MIX- market for the period 1999-2018. Principal component analysis and KU model are used to measure the sustainability scores of MFIs. Later, a panel regression model is applied to identify the determinants of sustainability.
 
 Findings: MFIs are not adhering to the double bottom line sustainability as majority of MFIs were unsustainable at different benchmarks set for the study. The sustainability can be achieved if MFIs start utilizing their assets, focus on improving their efficiency and portfolio quality. MFIs size also significantly influences the sustainability of MFIs.
 
 Contributions: This study highlights the need for policy makers and regulators to develop a regulatory framework to reduce the operating cost and improve the portfolio quality of MFIs in the Philippines. They should also provide guidelines that would help MFIs in improving their asset utilization ratio as it would help them adhere to double bottom line sustainability.
 
 Keywords: Sustainability, microfinance, double bottom line, outreach, financial sustainability.
 
 Cite as: Bhuiyan, A. B., Saad, J., Md Kassim, A. A., Munir, A. N., & Ali, M. J. (2023). Sustainability of microfinance institutions in the Philippines. Journal of Nusantara Studies, 8(TI), 43-61. http://dx.doi.org/10.24200/jonus.vol8issTIpp43-61

Risk Management And Public Service: Integrated Analysis At The Public Sector Organization

Purpose – This research aims to describe and analyze integrated Risk Management and Public Service at Public Sector Organizations Methodology/approach – The Study is a quantitative research approach that uses online-based data collection methods (e_ questionnaires) combined with interviews to get their views on integration risk management implementation and public service. The sample in this study was 94 respondents from three (3) public organizations, consisting of the Papua Provincial Government (Finance Staff & APIP), Higher Education Internal Audit (SPI), and Financial Supervisory Institution (BPKP & BPK). Findings – The results of the analysis show that there are a few key points on how risk management is important and has a close relationship with public service, like this protecting public interest, Enhancing Service Delivery, Allocating Resources Efficiently, Ensuring Compliance and Accountability, Emergency Preparedness and Response, Reputation Management, and Long-term Sustainability. The integration of risk management in public services shows a positive relationship and can contribute to service reliability, better financial management, minimizing fraud and increasing compliance with regulations, maximizing the utilization of assets owned by the government, and having a speed of response to emergency conditions or events, and being able to mitigate risks that may occur. Practical implications – Risk management in public service helps ensure efficient resource allocation, protect public interests, enhance service delivery, and maintain the integrity and reputation of public organizations. Public service agencies can better serve their communities and fulfill their mandate by proactively managing risks. Originality/value – This research combines behavioral and psychological approaches to test the occurrence of Risk Management in the Public Sector.

Pemanfaatan Aset Daerah dalam Menunjang Pelayanan Publik di Kantor Camat Batudaa Pantai Kabupaten Gorontalo

This study aims to determine the Utilization of Regional Assets in Supporting Public Services at the Batudaa Pantai Sub-District Office, Gorontalo Regency. With sub-focus research namely coordination, maintenance, and supervision. This research uses descriptive qualitative research. The data collection techniques used are: Observation techniques, interviews and recording secondary data. In accordance with the type of research used, the data analysis technique used is qualitative analysis technique. The results showed that, the results of research on the Utilization of Regional Assets in Supporting Public Services seen from the aspects of coordination, maintenance, and supervision are still lacking or not effectively carried out in supporting public services at the Batudaa Pantai Sub-District Office, Gorontalo Regency. The things suggested in this study are the need for the findings of the problems identified in this study such as lack of coordination, lack of asset maintenance, and ineffective supervision can be used as benchmarks or recommendations for improving asset utilization in improving public services.

Government Budgetary Slack (Case Study at The Directorate General of Highways Ministry of Public Works and Housing)

The purpose of this study is to get an in-depth picture of how the practice of revenue budget gaps in the public sector can occur and the factors that drive it. This research uses qualitative research methods with a case study approach. Data collection was conducted through interviews and supported by documentation and direct observation, the informants involved in this study were managers responsible for the revenue budgeting process at each level. The practice of budget gaps is more aimed at avoiding the risk of not achieving the target, this is also because there is no reward and punishment system for achieving revenue targets. The results showed that pseudo-budget participation and information asympization triggered budget gaps. Factors The lack of strict supervision in the budgeting process and access to stagnant information make the budget gap continue to occur. The risk of this gap practice is that the organization does not know the true optimal potential and the loss of potential income from asset utilization.

Investment Feasibility in the Framework of Implementation Cooperation in the Utilization of Regional Property

This study aims to analyze the feasibility of investment in the framework of implementing cooperation in the utilization of assets or goods owned by the local government using descriptive semi-qualitative methods. In conducting the analysis, researchers used the investment feasibility approach is the Net Present Value (NPV) method to measure the present value of the expected net cash flow of a project, Internal Rate of Return (IRR) is the discount rate that makes the NPV of the project zero, Profitability Index (PI) to measure the relationship between the present value of net cash flow and initial investment and Payback Period (PP) is the period of time required to recover the initial investment from net cash flow. In addition, in order to develop tourism potential, researchers use the Segmenting Targeting Positioning (STP) strategy, which is an approach used by companies to understand their markets better and develop effective marketing strategies. The results prove that the cooperation plan for the utilization of assets or goods owned by the local government with partners as investors is feasible because it produces additional net cash flow during the project with a positive present value, and the rate of return on the net value of cash flow during the project is greater than the BI Rate and the benefits received from tourism development are more profitable than the costs incurred during the project. In addition, the time span required for payback is shorter than the project period. As an effort to increase tourism revenue and visitors, the Segmenting Targeting Positioning strategy is used.

AGENCY COSTS AND COMPANY PERFORMANCE IDX 30

This study aims to examine the levels of corporate agency costs for high- and low-value companies listed on Indonesia Stock Exchange_30 (IDX30) during the Covid-19 pandemic, and then analyze the impact of corporate governance and debt on corporate performance, mediated by agency cost variables. The average expense ratio and asset utilization ratio values are used as the basis for determining high or low agency costs in the IDX30 Indonesia companies. Partial least squares structural equation modelling (Partial Least Square-Structural Equation Model) analysis is used to analyze the effect of corporate governance and debt on firm performance mediated by agency cost variables. The results indicate that the average agency costs in IDX30 companies are low. Corporate governance significantly affects the level of agency costs and firm performance. While the direct effect of debt on firm performance is not significant, its effect on firm performance mediated by low agency costs shows a significant relationship.

The covid-19 effects on the video game industry -a comparative ratio analysis on activision-blizzard, electronic arts and konami

The video game industry has evolved from having just a children-focused target market to a more sophisticated one with a widespread and mainstream audience with no age limitations. After the COVID-19 outbreak, it is mainly stated as one of the industries that faced little to no issues, so the main aim behind this research is to investigate how the giants of this industry confronted the financial challenges of pandemic. We conducted a comparative profitability, liquidity, asset and debt utilization ratio analysis relying on the annual reports of 2021 and 2020 (2020 and 2019 for Activision-Blizzard), published by three of the biggest video game development companies. The time frame was chosen to reflect the position of the companies before and after the first year of the pandemic. The results vary due to the companies’ business models. Based on these results, we tried to identify any possible changes and variations, assessing the financial performance and position of the companies. In the case of Activision-Blizzard, we mostly came up with increases in all of their major ratios, which derives from a successful business model they follow. In Electronic Arts’ case, we noticed an increase in revenue expenditure that led to a decrease in its profitability ratios. We also found out that the company has slight reduction in liquidity and asset utilization, but the results still indicate a good performance and do not reflect any serious predicament. While Konami, we saw a significant growth in their profitability and liquidity ratios, but on the other side there is a decrease in their total asset turnover and increase in the debt ratio. In overall, we can state that the companies managed to cope with pandemic and financial challenges during the first year and even to expand their presence in the video game industry, but not without having to face some difficulties.

Research on the Value of Stocks in The GEM Sector Based on Factor Analysis

The research question in this paper is a study of the investment value of stocks in the Growth Enterprise Market (GEM) sector. To address this question, 15 variables from 50 stocks in the GEM sector were randomly selected for factor analysis in this paper. Through steps such as KMO and Bartlett's spherical pre-test, the 15 variables were summarized into five common factors, namely: financial risk factor, profitability factor, growth factor, total asset utilization factor and collection capacity factor. Finally, based on the five common factors, the factor scores of each of the 50 stocks were calculated and ranked to obtain the five stocks with the most investment value: Goldfish, Win Style, Aier Eye Care, Anchor Innovation, Vacheron Constantin and the five stocks with the least investment value: Huatu Shanding, Venture Blackhorse, Mei Ansen, He Ren Technology, Gu Ao Technology. In the subsequent further validation, the top five stocks were found to have high investment value.

Effect of Ownership Concentration on Agency Cost of Industrial Firms Listed on the Nigerian Exchange Group

This study investigated the effect ownership concentration on agency cost of industrial firms listed on the Nigerian exchange group. The specific objectives were to examine the effect of government ownership, managerial ownership, institutional ownership and foreign ownership affects agency cost of firms listed on the Nigerian exchange group. Panel Least Squared (PLS) method of data analysis was used. Secondary sources of data were employed; the interested variables were sourced from the annual report of the quoted industrial firms. The variables were assets utilization as the dependent variables while government ownership, managerial ownership, institutional ownership and block ownership were the independent variable. The study employs descriptive statistics, correlation and regression analysis in the analysis. From the analysis result the study found that. Government ownership has no significant impact on agency cost of firms listed on the Nigerian exchange group (t-test 1.539283, p=0.1286). Managerial ownership has significant impact on agency cost of firms listed on the Nigerian exchange group (t-test 4.541870, p=0.0000). Institutional ownership has significant impact on agency cost of firms listed on the Nigerian exchange group (t-test -3.443344, p=0.0005). Foreign ownership has negative and insignificant effect on agency cost of firms listed on the Nigeria exchange group (t-test -0.336863, P= 0.7372). The researcher recommends that. Government ownership of sensitive firms should be minimized, as such ownership are usually inefficient and characterized by bureaucratic bottlenecks, which do not have clear incentives to improve asset. The study recommends that financial regulatory bodies in Nigeria such as the Central Bank of Nigeria (CBN), Nigeria Deposit Insurance Corporation (NDIC), and Securities and Exchange Commission (SEC) should ensure that a reasonable degree of managerial ownership is maintained by all banks due to its potential ben

Semantic models and knowledge graphs as manufacturing system reconfiguration enablers

Reconfigurable Manufacturing System (RMS) provides a cost-effective approach for manufacturers to adapt to fluctuating market demands by reconfiguring assets through automated analysis of asset utilization and resource allocation. Achieving this automation necessitates a clear understanding, formalization, and documentation of asset capabilities and capacity utilization. This paper introduces a unified model employing semantic modeling to delineate the manufacturing sector’s capabilities, capacity, and reconfiguration potential. The model illustrates the integration of these three components to facilitate efficient system reconfiguration. Additionally, semantic modeling allows for the capture of historical experiences, thus enhancing long-term system reconfiguration through a knowledge graph. Two use cases are presented: capability matching and reconfiguration solution recommendation based on the proposed model. A thorough explication of the methodology and outcomes is provided, underscoring the advantages of this approach in terms of heightened efficiency, diminished costs, and augmented productivity.

Upaya Peningkatan Karakter Islami Anak Melalui Festival Anak Sholeh-Sholehah Di Desa Bungkuk Parang Magetan

The rapid flow of globalization can have a negative impact on the morale of children as the next generation, and this must be addressed immediately by improving character in children. Islamic children's competition or sholeh-sholehah children's festival is one of the efforts to improve character in children, especially in Islamic character. This study aims to determine the implementation of sholeh-sholehah children's festival activities or Islamic children's competitions in improving Islamic character in children in Bungkuk Village, Parang, Magetan. The method used in this service research is the Asset Based Community Development (ABCD) method which prioritizes the utilization of assets or potentials owned. The results of this service research prove that the implementation of the sholeh-sholehah children's festival or Islamic children's competition in Bungkuk Village, Parang, Magetan can be one of the efforts to improve Islamic character in children. This can be seen from children who are more confident when doing the adhan, and more enthusiastic about memorizing short letters and daily prayers.

Applying an integrated data-driven weighting system – CoCoSo approach for financial performance evaluation of Fortune 500 companies

Financial performance evaluation provides information about a firm’s liquidity position, profitability, capital structure and asset utilization. Financial performance evaluation is considered as a multi-criteria decision making (MCDM) problem, as it is a multidimensional concept that is realized by bringing together multiple indicators. This study is aimed to evaluate the financial performance of the Fortune 500 companies by using the integrated data-driven weighting system (IDDWS) – combined compromise solution (CoCoSo) approach. The criteria weights were calculated with the IDDWS and the companies were ranked by the CoCoSo method. In the last stage, a three-stage sensitivity analysis was performed to test the robustness of the model. In the first stage, 15 scenarios were defined by changing the criteria weights. In the second stage, the rankings of the CoCoSo method were compared with the other MCDM methods [range of value (ROV), proximity indexed value (PIV), complex proportional assessment (COPRAS), Biswas and Saha’s method]. In the third stage, a sensitivity analysis was conducted under five different scenarios based on different δ parameters. It was determined that the rankings obtained as a result of the sensitivity analysis show small deviations and except for a few companies, the ranking of most companies remained the same. The results show that the proposed model is suitable for measuring financial performance and Alphabet performs best. The suitability of the proposed model for measuring financial performance was tested for the first time. It is thought that the comparative use of many MCDM methods through a comprehensive sensitivity analysis will contribute to the literature.

Upaya Bimbingan Belajar Terhadap Anak Taman Pendidikan Qur’an Dalam Mengatasi Rendahnya Sumberdaya Manusia Di Wilayah Desa Bungkuk Kecamatan Parang Kabupaten Magetan

For everyone education is where people will be very competitive in life in the world. In addition, a good education will create a good mental condition in a person, so that it will have an impact on increasing creativity. This tutoring is one of the efforts to improve Human Resources, especially for children by utilizing the learning facilities at the Al-Qur'an Education Park. This study aims to overcome the low learning styles of children in Bungkuk Village, Parang, Magetan. The method used in this community service research is the Asset Based Community Development (ABCD) method which prioritizes the utilization of assets or potential. The results of this community service research prove that this tutoring activity is an effort to improve human resources in terms of reading, writing, arithmetic and worship practices. This can be seen from the enthusiasm of the children in participating in existing guidance activities, gaining new knowledge, and being more enthusiastic about reciting the Koran..

The Effects of Risk Management Practices on Financial Performance: An Empirical Analysis on Islamic Banks

Risk is an inevitable reality for financial institutions, and once it is known, the main activity to be done is an effective risk management.The purpose of this study is to empirically analyze the effects of risk management practices on financial performance in Islamic banks. This study examines the effect of risk management practices on the financial performances of three Islamic banks operating in Türkiye through regression analysis. The data set of the study consists of a panel data containing 180 observations in total. Return on equity and return on assets, which are used as indicators of banks' financial performance, are dependent variables of the model. The financial ratios used to represent risk management are the independent variables of the model. The findings reveal that leverage ratio and asset utilization ratio have statistically significant effects on the performance of Islamic banks. The results of the study support the findings and arguments in the established body of previous literature. The findings obtained within the scope of this study could be used as guidance for the banks in their financial risk management practices and they will shed light on the future studies.

Perbandingan Bank Tanah dengan Manajemen Aset Negara Terkait Pertanahan

In the Land Sector, the Job Creation Law has issued regulations regarding the existence of a Land Bank in Indonesia. Based on article 1 paragraph (1) Government Regulation Number 64 of 2021 states that the Land Bank is a special agency (sui generis) formed by the central government which is given certain authority to regulate land. However, prior to the existence of the Land Bank Agency, there was the State Asset Management Institute, the State Asset Management Institute was motivated by the not fully optimal utilization of state assets related to idle state assets. The purpose of writing this journal is to review and analyze how comparisons to Land Banks and State Asset Management Institutions are related to land in Indonesia based on applicable laws. Normative juridical research approach method. The research procedure is descriptive qualitative analysis and the data source used is primary data through literature and statutory studies.The conclusions in this study, 1) the similarities between the Land Bank and the State Asset Management Institute 2) the differences between the Land Bank and the State Asset Management Institute.