Rescollacomm (E-Journals)
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Contribution of Highland Bamboo for Income of the Households and Challenges in Gurage zone, Central Ethiopia
Full text linkBamboo resource has numerous socioeconomic, ecological and cultural benefits. In Ethiopia, local farmers rely on bamboo as an alternative livelihood option. It provides a considerable share for the various household incomes. The main purpose of this study was to assess challenges and the contribution of bamboo for income of the households in Gurage Zone, across central Ethiopia. A sample of 216 households, were selected by using multistage sampling procedure. Data was collected through household survey, focus group discussion and review of reports. Descriptive, frequency and multiple linear regression model methods were used to estimate the contribution of bamboo and to identify determinants bamboo production. The finding revealed that respondents were highly relying on bamboo for household use, construction, fuel wood, fencing and fodder for livestock. The result of bamboo income share shows that, 14% Bamboo can contribute to the total income of the households. Income from bamboo ranks third next to crop and livestock production. The result of multiple linear regression model revealed that, Educational level of household head and Distance to the market were negatively affect income generated from bamboo. In contrast, the culm price Bamboo was positively and significantly affect income generated from bamboo production. Market related and knowledge on bamboo production and processing were the most challenges identified by the households. Bamboo contributes a remarkable income share for households in the study area. Creating conducive production environment for the bamboo sector plays a vital role to improve the income and livelihood of farmers
Exploring The Foreign Market Entry Strategy from Ornamental Plant SME in Batu City
Full text linkThis research examines the importance of exploring foreign market entry strategies for Small and Medium Enterprises (SMEs) by a case study of Creative Kokedama, an SME that developed product innovations from ordinary flowering plants into ornamental plant kokedama and successfully penetrated the Japanese market, the country origin of kokedama. The research findings indicate that the main motivation for Creative Kokedama to expand into the international market is intrinsic motivation. The owner reasoned that kokedama plant crafts originated from Japan, so she wanted to bring kokedama back to Japan. She has his own satisfaction when she is able to bring kokedama to the Japanese market. That motivation can related to psychological factors, such as the desire for self-development and global recognition, as well as ethnocentrism, which is pride in local cultural values reflected in the kokedama products. The entry mode chosen is direct exporting, which does not go through an intermediary, but directly to foreign buyer. Japan was chosen as the export destination country because Japan is the origin country of kokedama. Although previously it had also exported to Malaysia, Brunei Darussalam, and Singapore. Selection of export destination country can be related to pull factor theory in internationalization, Japan as the country of origin for kokedama, may have a high appreciation for products with unique approaches or modifications. This research contributes to the literature on SME internationalization strategies by offering insights into the importance of the combination of product innovation and intrinsic motivation especially psychological factors in achieving export success. Moreover, these findings can also serve as practical guidance for other SMEs looking to enter the global market through innovation and locally value-based strategies
Strategy of the Agriculture and Food Security Office of Sumedang District in Optimizing the Productivity of Food Crops and Horticultural: (Study of Farmer Empowerment in Pamulihan Sub-District Sumedang Regency In 2022 – 2023)
Full text linkThe purpose of this research is to describe and analyze farmer empowerment strategies in Pamulihan Sub-District, Sumedang Regency. Pamulihan sub-district has agricultural potential, especially food crops and various kinds of horticulture, so the Department of Agriculture and Food Crops of Sumedang Regency needs to optimize this potential through increasing agricultural productivity. This research uses qualitative methods with data collection techniques through interviews, observation, and documentation. Informants taken in this study included the Food Crops and Horticulture Division, Food Crops and Extension Division, Pamulihan area Technical Implementation Unit/Field Agricultural Extension Workers, and Farmers. The selection of informants used purpose sampling technique. After the data was collected, it was followed by data analysis, namely data reduction, data presentation and conclusion drawing. Then the data was tested for validity using triangulation of sources and techniques. This is intended so that the validity of the data can be trusted. The five aspects of community empowerment strategies, namely human resource development, group institutional development, productive business capital fertilization, and provision of appropriate information, were used as analytical tools. The results showed that the Department of Agriculture and Food Security office of Sumedang Regency has empowered farmers in Pamulihan Sub-district quite well, as evidenced by the increase in food crop and horticultural production. However, the Department of Agriculture and Food Crops have not been maximized in fertilizing productive businesses, and developing farmers\u27 economic institutions
Analysis of the Effect of Liquidity on Firm Value with Profitability as a Mediating Variable at PT Gudang Garam Tbk 2019 – 2023
Full text linkThis study aims to examine the effect of liquidity on firm value with profitability as a mediating variable in PT Gudang Garam Tbk from 2019 to 2023. Using a quantitative approach with path analysis and secondary data from the company’s financial reports, this research tests the relationship among liquidity (measured by Current Ratio), profitability (measured by Return on Assets), and firm value (measured by Price to Book Value). The results indicate that liquidity has no significant effect on profitability, and similarly, liquidity does not significantly affect firm value. However, profitability has a significant positive effect on firm value. Furthermore, profitability is not proven to mediate the effect of liquidity on firm value. The findings suggest that while maintaining optimal liquidity is important, it is profitability that plays a more vital role in enhancing firm value. Management is advised to prioritize strategies that improve profitability to increase shareholder valu
The Influence of Organizational Environment and Intrinsic Motivation on The Attachment of GenBI Cirebon Members
Full text linkMember attachment plays an important role for individuals in the Generasi Baru Indonesia (GenBI) Cirebon community, because it is directly related to active participation and scholarship sustainability. This study was conducted to determine the magnitude of the impact of the organizational environment on attachment and intrinsic motivation on attachment. This study used quantitative methods and collected data from a sample of 75 members using a survey questionnaire. This study used SPSS to manage and analyze the data. The findings of this study indicate that the effect of organizational environment on attachment has a significant positive effect, the effect of intrinsic motivation on attachment has a significant positive effect on attachment. Therefore, this study confirms that the importance of organizational environment factors as well as intrinsic motivation in increasing member engagement. This shows that organizational environmental factors and intrinsic motivation play a significant role in shaping the attachment of GenBI Cirebon members
The Application of Z-Score and Zavgren Models in Managing Financial Distress at PT Garuda Indonesia (Persero) Tbk
Full text linkAs an archipelago, the aviation sector in Indonesia plays an important role, but PT Garuda Indonesia (Persero) Tbk. as one of the airline companies has experienced significant financial pressure. In the third quarter of 2023, the company recorded a net loss of US$ 72.07 million. This condition may put the company at risk of financial distress, a situation in which the company experiences financial difficulties before bankruptcy. This study uses the Altman Z-Score Model and the Zavgren Model to predict potential financial distress at PT Garuda Indonesia (Persero) Tbk. The analysis results show that from 2021 to 2023, the Altman Z-Score is consistently in the Bankrupt category, reflecting a high risk of bankruptcy, while the Zavgren model shows vulnerable conditions in 2021 but also indicates bankruptcy in 2022 and 2023. The results of this study are expected to provide early warning and assist management decision-making to reduce the risk of bankruptcy
Determination of Monthly Term Health Insurance Premiums for Individuals Based on Gender
Full text linkHealth is one of the important aspects of human life, and protection against health risks is a necessity for every society. Health insurance is a solution in providing protection against financial risks from health. In its implementation, determining premiums is an important factor for insurance companies in order to cover claims from policyholders. Premiums are money paid by policyholders to insurance companies in order to receive benefits in the future. This study aims to determine the monthly premium for term health insurance which adjusted for each gender using actuarial approach. The premium is determined using the 2023 Indonesian Mortality Table and the Indonesian Morbidity Table I "Critical Illness". Based on this study, it was found that the value of the monthly term health insurance premium will increase if the policyholder\u27s entry age and the insurance contract period increase. This study also found that the premium values for men were greater than the premium and reserve values for women if the policy entry age of the man or woman was over 30 years, in addition, the premium and reserve values for women were greater
Strengthening Green Loyalty: How Green Marketing, Green Perceived Value, and Environmental Concern Drive Green Satisfaction (A Study of Uniqlo’s Consumer in Bandung Metropolitan)
Full text linkThe objective of this study is to identify, examine, and analyze the influence of green marketing on green customer satisfaction, the influence of green perceived value on green customer satisfaction, the influence of environmental concern on green satisfaction, and the influence of green satisfaction on green customer loyalty of Uniqlo consumers in Bandung Metropolitan. Data were collected from respondents aged between 17 and 55 years old, residing in the Bandung Metropolitan area, and having purchased Uniqlo\u27s green products at least twice in the past year. The analysis was performed using Lisrel - Structural Equation Modeling version 8.8. The findings reveal that green marketing, green perceived value, and environmental concern simultaniously contribute 73.6% to green customer satisfaction with Uniqlo in Bandung Metropolitan, while the remaining 26.4% is influenced by other variables. Partially, green marketing contributes 18.5%, green perceived value 24.4%, and environmental concern 30.7% to green satisfaction. Additionally, green satisfaction has been proven to have a significant influence of 79.9% on green loyalty among Uniqlo consumers in Bandung Metropolitans
Investment Portfolio Optimization Using Ant Colony Optimization (ACO) Based on Fama-French Three Factor Model on IDX High Dividend 20 Stocks
Full text linkStock investment is one of the investment options that provides both profit and risk for investors. In an effort to maximize profits and minimize risks, investors need an optimal portfolio. The optimal portfolio is a portfolio selected from a collection of efficient portfolios. To form an optimal portfolio, this study combines the Fama-French Three Factor Model (FF3FM) for stock selection and Ant Colony Optimization (ACO) for stock weight optimization in the portfolio. FF3FM considers more factors resulting in more comprehensive stock selection than other methods. While ACO has the ability to explore the solution space widely and efficiently, minimizing the risk of getting stuck on a local solution. The performance of the optimal portfolio is measured using the Sharpe Ratio which considers total risk, thus providing an overview of overall investment efficiency. The research object used is quarterly stock data on IDX High Dividend 20 from the Indonesia Stock Exchange (IDX) for the period 2020-2023. Of the 20 stocks, 12 stocks were selected that were consistently included in the index during the 2020-2023 period. By selecting stocks using the FF3FM method, 10 efficient stocks were selected, namely ADRO, ASII, BBCA, BBNI, BBRI, INDF, ITMG, PTBA, TLKM, and UNTR. Portfolio optimization using ACO produces a portfolio return of 0.0473 and a risk of 0.0257 with the weight of each ADRO stock of 6.90%, BBCA of 17.24%, BBNI of 10.34%, BBRI of 27.59%, INDF of 3.45%, ITMG of 27.59%, TLKM of 3.45%, and UNTR of 3.45%. The results showed that the integration of FF3FM and ACO was able to form a portfolio with optimal performance with a Sharpe Ratio value of 1.41868, which means that the portfolio return is greater than the portfolio risk
Improving Skills in Creating Promotional Content at Agro Eduwisata Organik (AEWO) Mulyaharja Village Bogor City
Full text linkAgro Eduwisata Organik (AEWO) Mulyaharja is one of the natural and educational tourism in Bogor City and is one of the leading ecotourism in Bogor City which is managed by the Tourism Movement Group (Kompepar). As one of the leading destinations, AEWO Mulyaharja still has many challenges, namely limited skills and promotional media. This community service activity consists of five stages, namely situation analysis, socialization, training, mentoring and evaluation. The training method uses lectures and practices with materials related to social media, social media features, design, video content and video editing. The results of this activity are increased knowledge and skills of Kompepar AEWO Mulyaharja partners regarding the creation of promotional content in the form of images and videos on social media, the use and steps using the Canva and Capcut applications, increasing the number of followers, posts and Engagement rate (ER) on Instagram, adding official accounts on other social media, namely YouTube, X and TikTo