Moratorium on Oil Palm: Ecological Recovery or Economic Slowdown?

Maesaroh, Syti Sarah; Suroso, Arif Imam; Pahan, Iyung

doi:10.21776/ub.jam.2018.016.01.17

Cited by 2 publications

(2 citation statements)

References 2 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…The palm oil industry is one of Indonesia's agricultural industries, which is experiencing rapid development in the global market (Pahan et al 2011;Maesaroh et al 2018;Purnomo et al 2020;Rifin 2020). Oil palm contributes 17% of total income from the agricultural sector so that this commodity becomes one of the main agricultural products in Indonesia (Acosta & Curt 2019).…”

Section: Introductionmentioning

confidence: 99%

Firm Performance Factors and Efficiency of Indonesian Palm Oil Companies

Suroso¹,

Tandra²,

Najib³

et al. 2020

jma

Self Cite

View full text Add to dashboard Cite

The palm oil industry is one of the agricultural, industrial sectors with a strategic role in the national economy, especially in Indonesia. Although this industry has a high contribution in Indonesia, the oil palm plantation companies have not shown satisfactory performance. Internal firm conditions and macroeconomic variables may influence the performance of oil palm plantation companies. Therefore, this study aims to investigate the firm performance determinants and efficiency of oil palm companies in Indonesia. The samples in this research are 12 oil palm companies listed on the Indonesian Stock Exchange (BEI) for the 2014-2019 periods. The panel regression analysis and the Preference Ranking Organization Method for Enrichment Evaluation (PROMETHEE) are applied in this study. The first result in the panel regression shows that the firm size, exchange rate, and world CPO price affect ROA as the operational performance. Moreover, liquidity, leverage, and inflation do not affect ROA as operational performance. The second result in panel regression shows that inflation, exchange rate, and CPO World Price affect PER as the market performance. However, market performance is not affected by liquidity, leverage, and firm size. The efficiency analysis shows that the firm ranking tends to fluctuate in the observation period. This analysis defines that the oil palm plantation companies in Indonesia, on average, have a similar performance.

show abstract

Section: Introductionmentioning

confidence: 99%

Firm Performance Factors and Efficiency of Indonesian Palm Oil Companies

Suroso¹,

Tandra²,

Najib³

et al. 2020

jma

Self Cite

View full text Add to dashboard Cite

show abstract

“…Agroindustry is believed to be the prominent sector which can run the agribusiness system well [2]. The Indonesian palm oil industry is very competitive at the company level and the global level [3,4]. The development of palm oil plantations can be used as an effort by local governments to generate foreign exchange, expand job opportunities, and improve local welfare [5,6].…”

Section: Introductionmentioning

confidence: 99%

The Impact of Sustainable Certification on Financial and Market Performance: Evidence from Indonesian Palm Oil Companies

Suroso¹,

Tandra²,

Wahyudi³

2021

IJSDP

Self Cite

View full text Add to dashboard Cite

The palm oil industry is a strategic sector that plays an important role for national economics. Although the palm oil industry's role and contribution are high, land clearing and operation are often associated with environmental and social issues. The sustainable certification was then developed to ensure that palm oil companies can continue to operate without involving environmental and social deprivation. The previous research related to the impact of a sustainable certification found several positive and negative impacts on palm oil companies' performance in general. Therefore, this study aimed to determine the impact of sustainable certification on Indonesia's palm oil companies' financial and market performance. This research focused on 14 palm oil companies in Indonesia that went public with an observation year between 2014 and 2019. Analysis through panel regression found that sustainable certification has no impact on Indonesia's palm oil companies' financial and market performance. The study could be a recommendation and justification for palm oil companies for consider to take a sustainable certification.

show abstract

Moratorium on Oil Palm: Ecological Recovery or Economic Slowdown?

Cited by 2 publications

References 2 publications

Firm Performance Factors and Efficiency of Indonesian Palm Oil Companies

Firm Performance Factors and Efficiency of Indonesian Palm Oil Companies

The Impact of Sustainable Certification on Financial and Market Performance: Evidence from Indonesian Palm Oil Companies

Contact Info

Product

Resources

About