Pengukuran Kinerja Keuangan Dengan Rasio Arus Kas Pada Perusahaan Pertambangan yang Terdaftar di BEI

This research was conducted to determine the financial performance of mining companies listed on the Indonesia Stock Exchange in 2017-2019. Mining companies were selected for research because this industry was not included in the business fields that were reported to support the Indonesian economy in 2019, especially with the outbreak of the Covid-19 pandemic. The high death rate and the rapid spread of this virus have made policies from the government, including limiting activities both domestically and internationally. Even some import-export destination countries have locked down, which of course will affect the productivity and financial performance of the mining industry. From a population of 47 mining companies, only 10 companies met the criteria and were selected as samples. The type of data used is quantitative data. Secondary data sources. Financial performance is measured using a cash flow ratio consisting of 5 liquidity ratios and 2 flexibility ratios. The results showed that based on the cash flow ratio, the majority of mining companies did not have good performance and were still below the standard. Of the eight ratios, only the cash coverage ratio is the most achievable by mining companies. The value of the cash flow ratio of mining companies has decreased during the Covid-19 pandemic.

Impact of external shocks, trends and prospects of non-primary non-energy exports of the Samara region

The development of foreign economic activity and the increase in exports and the share of non-primary non-energy exports are the most important tasks for the development of the regional economy. The research contains a retrospective analysis of trade and economic cooperation in the Samara region and an assessment of changes influenced by significant political, economic and global events and phenomena. It has been shown that significant developments since the beginning of the XX century (the global financial crisis of 2008 and the sharp fall in oil prices in 2009, 2015, the imposition of sanctions in 2014, the COVID-19 crisis) have necessitated and state policy has created the conditions for a consistent shift towards the expansion of non-primary non-energy exports. The evaluation showed that the Samara regions economy has entered a new stage of increasing the positive contribution of non-primary non-energy exports. The regions economy has successfully adapted to the impact of economic sanctions, reducing the role of European countries as an export destination and diversifying its export portfolio towards Asia and Africa. The authors have identified fast-growing five-year export countries for which special promotional policies have been proposed. The research has identified certain European countries that, despite the pan-European sanctions policies, are actively recovering exports from the Samara region, as well as European countries where local friendly policies can encourage mutual trade growth. The conclusion was reached that more attention should be paid to the border Kazakhstan, which has recently witnessed a trend towards the cooling of mutual relations at the national level. However, the neighborhood with Kazakhstan makes it impossible to ignore the policy of strengthening friendly relations in order to increase the economic stability and security of the border region of Samara.

Profile of the companies participating in the Mexican national exports award

Objective: To identify the profile of the companies participating in the Mexican National Exportation Award (NEA) in the Large Agricultural Exporting Companies category (LAEC), by an information-gathering tool to determine the commercial lines of those businesses, their state of origin, and the exports destination. Methodology: a total of 17 questionnaires (n = 17), applied by the NEA to the LAEC category participants during the 2010-2018 period, were analyzed to determine the commercial business lines, their state of origin, and the destination of the exports. A problem tree was created to find opportunity areas to design solution proposals. The collected information was processed in the NetDraw 2.097 software to show the networks, their dominant actors (countries to which they export), and the products that the companies exported the most. Results: pork and vegetables business lines were identified. The latter revealed a sub-network of tomatoes and strawberries. A network was generated with an open structure comprising 17 nodes and 46 links where three export destination countries stood out: the USA with 15 links, Canada with six, and Japan with five. The highest exported product was the tomato in its different varieties, mainly to the U.S. and Canada. Limitations: Scarce information about the award on the internet. Access restrictions. Most of the exporting companies did not respond to the survey. Conclusions: the perishability of exported products determines the number of destination countries. The precariousness of Mexican agricultural exports was identified because companies trade only one product or a reduced number of them to only one country.

Export performance and competitiveness of Indonesian coconut oil and desiccated coconut

Competitiveness is an essential key in market penetration in export destination countries. This study aims to analyze Indonesian coconut oil, refined, bleached and deodorized and desiccated coconut (DC) export performance and its competitiveness in the export market. The competitiveness measurement is seen from comparative and competitive advantages over the two products in each leading export destination market. The analysis method used graphical illustrations and the RCA and EPD covering the period of 2009-2018. The study shows that coconut oil and DC’s export performance increases in all export markets during the analysis period. The Chinese market is a prospective market for coconut oil with the most significant export growth, 10.51% per year, and the largest market share after the USA and South Korea. Meanwhile, the Russian market is the biggest after Germany and Singapore for DC products. The result shows that coconut oil and DC product have comparative competitiveness in all export markets. Coconut oil products are no longer competitive in the South Korean market because their exports are not growing dynamically. The Chinese market is still open, but Indonesia cannot take advantage of this opportunity (lost opportunity). Meantime, DC products have an ideal position in the Russian market and the USA market for coconut oil, namely the rising star. Indonesia gains additional market share with dynamic growth (fast-growing product). Active efforts to find new markets through market diversification and diplomacy while maintaining existing markets can be an option to increase the export of coconut oil and desiccated product.

Pengaruh Penerapan Bea Keluar Biji Kakao Terhadap Daya Saing Serta Ekspor Produk Kakao Indonesia

The development of Indonesia's cocoa beans before the export duty policy shows that almost 90 per cent of cocoa beans exports were exported from total production, therefore makes Indonesia as known as one of the biggest cocoa beans exporters in the world. Cocoa exports to destination countries cause the domestic stock of raw materials for cocoa beans Domestic stock has decreased. Afterwards, the Indonesian government implemented a cocoa bean export duty policy. This research aimed to analyze the effect of export duties policy for the competitiveness and exports of Indonesian cocoa products to export destination countries. Revealed Comparative Advantage (RCA) method is used to measure competitiveness, while Fully Modified Ordinary Least Square (FMOLS) is used to analyze the long-term effect of export duties on cocoa beans on competitiveness and exports of cocoa products. Based on the analysis result, all cocoa products have competitiveness, Indonesian cocoa butter has the highest competitiveness in export destination countries. Export duties policy has a long-term effect on competitiveness and exports of cocoa paste and powder, but have no long-term effect on competitiveness and exports of cocoa butter. Therefore, the overall increase in competitiveness and export of cocoa products is due to the implementation of the cocoa bean export duty policy.

The Impact of Export Destination on Skills in a Middle-Income Country

This study analyzes the relationship among exports to high-income countries on the demand for skilled labor. To this aim, we use a panel of Uruguayan manufacturing firms for the period 1997–2006. The results show that, contrary to studies for developed and other middle-income economies, exports to high-income countries do not result in a higher demand for skilled labor. The explanation for these results may lie in the productive specialization of the country.

DAMPAK KEBIJAKAN TRADE REMEDY TERHADAP EKSPOR COATED PAPER INDONESIA KE AMERIKA SERIKAT MENGGUNAKAN MODEL ARIMA INTERVENSI

Abstrak Indonesia merupakan salah satu negara dengan hutan tropis terluas di dunia yang memiliki kekayaan sumber daya hutan dan keanekaragaman hayati di dalamnya. Salah satu komoditas ekspor unggulan Indonesia yang merupakan hasil hutan adalah kertas. Pada periode 2006-2018, volume ekspor kertas ke beberapa negara tujuan utama ekspor menunjukkan tren yang terus menurun termasuk ke Amerika Serikat. Penurunan volume ekspor kertas di beberapa negara tersebut terkait dengan masalah yang dihadapi industri kertas Indonesia, yakni pengenaan kebijakan trade remedy oleh Amerika Serikat terkait praktik dumping dan subsidi produk coated paper Indonesia. Penelitian ini bertujuan untuk menganalisis pengaruh dan besarnya dampak dari pengenaan trade remedy terhadap ekspor kertas Indonesia ke Amerika Serikat dengan model ARIMA Intervensi. Data yang digunakan dalam penelitian ini adalah volume ekspor kertas (coated paper) bulanan (kg) dari Januari 2006 hingga Desember 2018. Hasil penelitian menunjukkan bahwa pengenaan kebijakan trade remedy oleh Amerika Serikat berpengaruh signifikan menurunkan volume ekspor kertas Indonesia ke negara tersebut. Dampak pengenaan kebijakan trade remedy oleh Amerika Serikat terhadap produk ekspor coated paper Indonesia langsung dirasakan saat kebijakan diberlakukan yaitu pada bulan Januari 2010. Dampak penurunan terbesar terjadi pada bulan Maret 2010, dengan penurunan sebesar 5.015 ton atau mencapai 91,07%. Dampak negatif dari kebijakan trade remedy terhadap ekspor kertas Indonesia ke Amerika Serikat berlangsung sepanjang waktu penelitian dan dapat menjadi permanen jika tidak dilakukan intervensi kebijakan. Kebijakan yang direkomendasikan diantaranya adalah penguatan Portal Satu Data Perdagangan sebagai bagian dari penguatan administrasi bukti-bukti khususnya substansi dari sisi hukum untuk membantah tuduhan yang diberikan. Peningkatan performa ekspor coated paper Indonesia juga dapat disiasati dengan mencari pasar ekspor nontradisional. Kata Kunci: Trade Remedy, Ekspor Kertas, Model ARIMA Intervensi Abstract Indonesia is one of the countries with the largest tropical forest in the world, which has a wealth of forest resources and biodiversity. One of the main Indonesia export from forest products is paper. In 2006-2018, the paper volume export to several main export destination countries showed a downward trend, including the United States. The decline in the paper volume export in several countries is related to problems facing the Indonesian paper industry, which imposes a trade remedy policy by the United States regarding dumping practices and subsidies for Indonesian coated paper products. This study aims to analyze the effect and magnitude of the imposition of trade remedy on Indonesian paper exports using the ARIMA Intervention model. The data used in this study is the volume of monthly coated paper exports (kg) from January 2006 to December 2018. The results show that the imposition of a trade remedy policy has a significant effect on reducing Indonesian paper exports. The impact of the trade remedy policy imposed by the United States on Indonesian coated paper exports was immediately felt in January 2010. The highest decline occurred in March 2010, with a decrease of 5,015 tons or reaching 91.07%. The negative impact of the trade remedy policy on Indonesia's paper exports to the United States lasts throughout the time of the study and is considered permanent if no policy intervention is made. Policy recommendations include strengthening the One Trading Data Portal as part of strengthening the evidence's administration, especially the substance of the law, to dispute the charge given. The permanent negative impact on the performance of coated paper exports to the United States can also be overcome by seeking nontraditional export markets .Keywords: Trade Remedy, Coated Paper Exports, ARIMA Intervention Model JEL Classification: F13, F68, C22

Pengaruh Implementasi Sertifikasi SVLK, Karakteristik Produk dan Tujuan Ekspor Terhadap Harga Premium Ekspor Kayu Olahan Indonesia

Premium price is an indicator of certification market effectiveness. But its existence depends on the eco-consumers in the markets. Ideally, certification is in line with benefits obtained from the market. This research aims to analyze whether the SVLK certification is capable to generate premium price of Indonesian mouldings exports and see if there is a different effect between EU and Non-EU export destinations. The analysis base on transactional exports data from 2006 to 2017 using the hedonic model approach. The regression results show that the price of SVLK certified products is 7% more expensive than non-certificate products. However, there is no significant influence of the export destination to EU or Non-EU to the prices.

Factors Affecting the Volume of Indonesian Coffee Export to The International Market

Agriculture is a vital sector in economic activity. In 2019, this sector played a significant role in the Gross Domestic Product of Indonesia. Coffee is one of the most critical agricultural commodities in Indonesia. This commodity is one of the most significant foreign exchange contributors. This study is conducted to identify and analyze the factors that affect the volume of Indonesian coffee export to the leading export destination. They are the US, Germany, Japan, Malaysia, Great Britain, Egypt, Belgium, Algeria, and India. By using the data panel regression method, this research obtained a result that the joint influence between the coffee production, free onboard coffee prices, GDP of importer countries, exchange rate, and financial crisis in 2008, together have a significant effect on the volume of Indonesian coffee export to the international market based on the significant test.