Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr <p>Jurnal Manajemen dan Agribisnis (JMA) or Journal of Management &amp; Agribusiness (JMA) (in English) publishes articles on agribusiness and strategic management. The aims of the journal are to disseminate knowledge and insights in the areas of agribusiness and strategic management based on academic rigor and relevance to academics, researchers, professionals, and/or public decision-makers. We particularly focus on research in the Asia-Pacific region but welcome perspectives from other regions of the world that enhance our knowledge in this area. The journal publishes in the following areas of research:&nbsp; Supply Chain and Value Chain, Competitiveness, Innovations, Economics of Organisation and Industries, Strategic Management, Sustainable Business Development, Business Consumer Behaviour, and International Trade Issues. JMA is published by the&nbsp;<a href="https://sb.ipb.ac.id/id/beranda/">School of Business, IPB University (SB-IPB)</a> associated with the Indonesian Society of Agricultural Economics (PERHEPI/ISAE). JMA was first published at the beginning of 2004 twice per year in frequency in March and October. Since 2012, JMA has been published three times per year in March, July, and November. The editor receives articles of empirical research and reviews in agribusiness &amp; strategic management.</p> <p>JMA is a peer-reviewed journal that has been&nbsp;<strong>Accredited&nbsp;</strong>by the Directorate General of Higher Education (DGHE), Republic of Indonesia No 12/M/Kp/IE/2015 which is valid for 5 (five) years since enacted on 11 May 2015. Based on the Directorate General of Research and Development Strengthening, Ministry of Research, Technology and Higher Education of the Republic of Indonesia No 30/E/KPT/2018 JMA get&nbsp;<strong>ranked 2 accredited (SINTA 2)</strong>&nbsp;status. Based on Directorate General of Research and Development Strengthening, Ministry of Research, Technology and Higher Education of the Republic of Indonesia No 36/E/KPT/2019 JMA get&nbsp;<strong>ranked 2 accredited (SINTA 2)</strong>&nbsp;status.</p> <p>JMA has been registered in&nbsp;<strong>Crossref (since 2015), ACI - ASEAN Citation Index, DOAJ, Indonesian Publication Index (IPI), SINTA Rank 2, Google Scholar,&nbsp;</strong>and other scientific databases.&nbsp;</p> <p>Editors can revise the paper without changing the substance and content after a blind review process. The articles sent by the author must be an original script and is not being considered for publication by other journal or publishers.</p> <p>P-ISSN: <a href="http://issn.pdii.lipi.go.id/issn.cgi?daftar&amp;1180428118&amp;1&amp;&amp;">1693-5853</a><br>E-ISSN: <a href="http://issn.pdii.lipi.go.id/issn.cgi?daftar&amp;1416204681&amp;1&amp;&amp;">2407-2524</a></p> <p>Download the <a href="https://drive.google.com/open?id=1FaIZjInXQQDJCaS7P0CI02MVrCTP6hjy">Submissions Guidelines&nbsp;</a> and <a href="https://drive.google.com/open?id=164hotGcBgjyCYEqC0SReLbOJmdqfNv1H" target="_self">Author Guidelines</a></p> <p>______________________________________________________________</p> <p><strong><span style="color: blue;"><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;<strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong> JMA started in 2018 only&nbsp;receives articles&nbsp;using english&nbsp;<strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong><strong><img src="/public/site/images/adminjmagr/icon_next.gif" alt="">&nbsp;</strong></span></strong></p> <p><strong><span style="color: blue;">______________________________________________________</span></strong></p> en-US <p><span style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;">Authors who publish with this journal agree to the following terms:</span></p><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a <a style="text-decoration: none !important; color: #3b5998 !important;" href="http://creativecommons.org/licenses/by/3.0/" target="_new">Creative Commons Attribution License</a> that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.</li></ol></ol><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.</li></ol></ol><br /><ol style="color: #111111; font-family: 'lucida grande', tahoma, verdana, arial, sans-serif; font-size: 11px; line-height: 15px;" type="a"><li>Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See <a style="text-decoration: none !important; color: #3b5998 !important;" href="http://opcit.eprints.org/oacitation-biblio.html" target="_new">The Effect of Open Access</a>).</li></ol> jma.mbipb@gmail.com (Dr. Ir. Idqan Fahmi, MEc) jma.mbipb@gmail.com (Sulistiyo) Thu, 31 Mar 2022 00:00:00 +0700 OJS http://blogs.law.harvard.edu/tech/rss 60 An ISM Modeling for The Innovation Barrier in Processed Food Industry https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40669 <p>In Indonesia, the processed food industry is one of the strategic sectors of economic growth because rapid and massive innovation expected to accelerate the recovery of the Indonesian economy during Covid-19 pandemic. Therefore, this study aims to identify the innovation barriers as well as to understand how they interact with each other so that the decision makers can focus on to overcome these barriers. There is a presentation of hierarchy-based and the mutual relationships among these hindrances using interpretive structural modeling. Three main barriers including economic or political uncertainty, overlapping government regulations, and low organizational commitment was identified to show a high driving power with a low dependence because they have strategic importance and require great attention from stakeholders. The results become a reference for stakeholders in formulating the innovation development strategies and several formulating policies for the maintenance of political or economic stability as well as the harmonization of regulations.</p> <p>Keywords: barriers, innovation, ISM, modeling, processed food industry</p> Erni Ernawati, Machfud, Idqan Fahmi, Setiadi Djohar Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40669 Thu, 31 Mar 2022 00:00:00 +0700 The Exchange Rate Volatility Impact on Agricultural Trade: An Evidence From Indonesian Pepper Export https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38525 <p>Pepper (Piper nigrum) is one of the most exported spices in Indonesia followed by cinnamon, cloves, and vanilla. Due to its strong dependency on international trade, Indonesian pepper exports are suspected to be prone to exchange rate volatility risks. Traditionally, exchange rate volatility is perceived to discourage exports. However, studies to date remain to provide an open question on whether volatile exchange rates discourage exports. This paper aims to examine the impact of exchange rate volatility on Indonesian pepper exports to its main trading partners from 2005 to 2019. Using gravity model and GARCH (1,1) for volatility measurement, the results reveal that Indonesian pepper exports are not affected significantly by exchange rate volatility. This is because Indonesia has been in the position as a net exporter of pepper where a majority of its production is consumed abroad and pepper only costs a small percentage of the total cost of food productions.</p> <p>Keywords: exchange rate volatility, GARCH (1,1), gravity model, Indonesian pepper trade, Indonesian spice</p> Bertha Lovita Dwi Intania Permana, Suharno, Amzul Rifin Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38525 Thu, 31 Mar 2022 00:00:00 +0700 Managerial Competencies Development of Oil Palm Plantation Managers for Industry 4.0 Era https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/36851 <p>This study aims to identify the level of difference between the required competency values and the current competency values for plantation managers and determine the priority criteria for the competency of oil palm plantation managers according to the needs of Industry 4.0. The research method used paired sample z test and Analytical Hierarchy Process (AHP). Paired sample z test to determine the significance of the independent variable and the dependent variable. The results using the paired sample z test, that the current average value for soft competency is lower than the required value. Hence, the current average value for soft competency needs to be increased. The results using AHP obtained the priority from the criteria elements, namely social skills, then cognitive abilities, and system skills. Each of the priority elements of the criteria for social skills, cognitive abilities, and systems skills consists of training and coaching employees, responsibilities as well as judgment and decision making. Industry 4.0's approach to social skills resulted in long-distance communication by implementing digitalization. The implementation of cognitive factors as knowledge can encourage innovation and creativity. While system skills, facilitate the process of repetitive activities become quickly done so as to save time.</p> <p>Keywords: analytical hierarchy process, competency level index, competency model, hard skills, soft skills</p> Eksita Mariz Ramadhinta, Eko Ruddy Cahyadi, Anggraini Sukmawati Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/36851 Thu, 31 Mar 2022 00:00:00 +0700 Competitiveness of The Top 15 Main Export Destinations of Indonesia's Natural Rubber for 1991–2020 https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38513 <p>This study aims to analyze the position and performance of Indonesia's natural rubber exports in terms of the concept of comparative advantage in the market world. The data used in this study were sourced from UN Comtrade, which is processed with a 30-year data series (1991-2020) and is categorized into six periods. The analytical methods used are Structural Trend Ranking (STR), Revealed Comparative Advantage (RCA), Export Product Dynamic (EPD), and X-Model. The results showed that 15 countries have consistently been the main Indonesian natural rubber market for 30 years. The RCA analysis showed that Indonesian natural rubber had strong competitiveness in all destination countries, except India in the first period. In contrast, the EPD analysis found that Indonesia's rubber market position was not always static and competitive. There was shown in the period 2011-2015, the average position of Indonesia's natural rubber market is in a market position that is not wanted to "retreat" in export destination countries. However, based on the X-Model results, the average Indonesian natural rubber is in a potential market position in all export destination countries in the 1991-2020 period.</p> <p>Keywords: Export Product Dynamic (EPD), natural rubber, Revealed Comparative Advantage (RCA), Structural Trend Ranking (STR), x-model</p> Birka Septy Meliany, Tanti Novianti Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38513 Thu, 31 Mar 2022 00:00:00 +0700 Determining Technical and Resource-Use Efficiency in Rice Production in East Java https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/39428 <p>This study aimed to determine the technical and resource-use efficiency of East Java. The secondary data were used from the Paddy Cultivation Household Survey ST2013 handled by BPS-Statistics Indonesia. The data was cross-sectional and were derived from ST2013 in 2014. The stochastic frontier analysis analyzed the factors that drive rice output and quantified rice production's technical efficiency. In contrast, the marginal value product-marginal factor cost (MVP-MFC) approach was used to quantify resource-use efficiency in rice production. The SFA indicated that these factors positively affect rice output except for seed, fertilizer, labor, and land utilization. However, other factors were considered apart from the land size, such as exaggerated land and labor advantage in production and bad seed and fertilizer utilization. Technical efficiency varies considerably among rice farmers, ranging from 1 percent to 100 percent, with an average of 89 percent. Their technical inefficiency was influenced by their group membership, irrigation, credit, education level, and farmer age - external farm insect pests. The government and the private sector are involved in the programs through farmer groups.</p> <p>Keywords: agricultural production, allocative efficiency, resource-use efficiency, parametric frontier, ST2013, technical efficiency</p> Amirullah Wijaya, Amzul Rifin, Sri Hartoyo Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/39428 Thu, 31 Mar 2022 00:00:00 +0700 The Impact of Rice Farm Insurance on The Income of Farmers In Indonesia https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40008 <p>The fluctuation of rice production in Indonesia over the last 5 years shows a downward trend due to a decrease in land area and increase risks. A government's effort to overcome the risks of rice farming is to establish rice farming insurance (AUTP). This research aims to analyze the factors that influence farmers' decisions to join rice farming insurance (AUTP) and how the impact of rice farming insurance on farming income in Indonesia. The data used was secondary data from the survey results from the Central Bureau of Statistics (BPS) in 2018. The number of samples was 470 farmers, consisting of 122 farmers who joined rice farming insurance and 358 farmers who did not take rice farming insurance. Data were analyzed using logistic regression and propensity score matching (PSM) methods. The results show that the variables of education level, participation in socialization, perceptions of decreased production, and production significantly influenced farmers' decisions to join rice farming insurance. The impact of insurance on farm income shows that the average farm income of farmers who follow rice farming insurance is higher than farmers who did not join rice farming insurance. Therefore, the government continued to encourage the implementation of the rice farming insurance program to increase the level of farmer participation and sustainability of the AUTP program.</p> <p>Keywords: income, participation rate, rice farming insurance, risk</p> Burju Silaban, Burhanuddin, Harmini Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40008 Thu, 31 Mar 2022 00:00:00 +0700 Marketing Strategy Development for Green House Karamba Hydroponic Vegetables https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40672 <p>Green House Karamba, as a hydroponic vegetable producer, faces fluctuating sales volume and difficulty in reaching the end consumer. Therefore, Green House Karamba needs strategy formulation. This study aimed to: (1) analyze the ekisting marketing strategy of Green House Karamba based on marketing mix 4C; (2) analyze the competitive advantage of Green House Karamba based on competitive conditions; and (3) formulate a marketing strategy that can be applied by the company. This study focused on the products of hydroponic vegetables of Green House Karamba. Marketing mix 4C analysis, Porter’s five forces model, and marketing genius approach were employed for this study. Based on marketing mix 4C analysis, there were rooms for improvement in co-creation, communal activation, and conversation. According to Porter’s five forces model analysis, Green House Karamba’s potential competitive advantage were in terms of price and quality, relative independent production, and differentiation. The results of the previous analyses were considered for strategy formulation using a marketing genius approach. Based on marketing genius analysis, comprehensive marketing strategy and value proposition development were recommended for Green House Karamba. This study is expected to help Green House Karamba in facing competition.</p> <p>Keywords: hydroponic, marketing genius, marketing mix 4C, marketing strategy</p> Audra Siti Nurjanah, Popong Nurhayati, Annisa Ramadanti Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40672 Thu, 31 Mar 2022 00:00:00 +0700 Economic Valuation of Moratorium and Transhipment Policy to Tuna Fisheries Business, Study Case in Bitung, North Sulawesi https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40673 <p>The policy of moratorium on ex-welding vessels, according to Ministerial Regulation No. 56/2014, has an impact on tuna fishery conditions. Behind this policy is due to the heavy losses from the fisheries sector caused by the operation of these ex-foreign ships. This study evaluated the impact of policy by production surplus measurement techniques. The survey was conducted on capture fisheries companies, fish processing companies, and traditional processing groups. Data were analyzed by economic valuation using the extended cost-benefit analysis (ECBA) approach. The study results showed that as long as this policy is implemented, it will cause a decrease in the benefits of 9 tuna fisheries business actors by Rp1.23 trillion per year. Economic and social impacts of Rp 2.63 trillion per year, consisting of economic impacts of Rp1.35 trillion per year and social impacts of Rp1.28 trillion per year, which caused 19,972 people to lose their job.</p> <p>Keywords: cost cost benefit analysis, economic impact, social iImpact, valuation</p> Nimmi Zulbainarni, Yayuk Sukarsih, Siti Jahroh, Asaduddin Abdullah Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40673 Thu, 31 Mar 2022 00:00:00 +0700 The Effect of Entrepreneurship on Salt Business Performance in Jeneponto District, South Sulawesi https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40436 <p>Salt is one of the strategic commodities as a component of human nourishment and raw material for sustainable industries. Like other agriculture and food business, developing entrepreneurial skills and behavior among salt producers is very important. This study aims to describe the characteristics of salt producers and examine the effects of entrepreneurial behavior on salt business performance. This study used a primary data of 120 salt producers in Jeneponto regency. The data were analyzed using Microsoft Excel and Partial Least Square-Structural Equation Model (PLS-SEM). The results showed that salt farmers in Jeneponto Regency had entrepreneurial characteristics seen from their experience and motivation in doing business. Entrepreneurial behavior had a positive and significant effect on the performance of the salt business. In addition, individual characteristics also have a positive and significant effect on entrepreneurial behavior, but the environment has no significant effect on salt entrepreneurial behavior in Jeneponto Regency. This study implies that improving entrepreneurial behavior of salt produces in Jeneponto Regency will increase their salt business performance.</p> <p>Keywords: business performance, entrepreneurial behavior, PLS-SEM, salt</p> Aswar, Burhanuddin, Suprehatin Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40436 Thu, 31 Mar 2022 00:00:00 +0700 Carica Candied Supply Chain Performance Through CV. Yuasa Food Berkah Makmur https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/37935 <p>Carica fruit as the main raw material for making candied carica is an endemic fruit which only grow in the Dieng Plateau of Wonosobo Regency. It causes the limitation of carica raw materials in the carica processing industry. The objective of this study is to analyze the performance of the carica candied supply chain passing through the company starting from the supply of raw materials to the carica candied products to consumers. The analytical method used is the Supply Chain Operation Reference (SCOR) model. Primary data used are based on direct observation and interviews with 20 farmers of supplier respondents, historical data of CV. Yuasa Food Berkah Makmur was in November 2018-October 2019 and 25 agents/retailers. The results of the analysis of the carica candied supply chain performance indicate the responsiveness and reliability attributes have achieved the best performance (superior). Supply chain performance values on the asset management attributes reach a good position (advantage), and the cost attribute in the Cost of Good Solds (COGS) metric reaches a good position (advantage) as well as the Total Supply Chain Management Cost (TSCMS) metric that has not yet achieved good performance (parity). There is a need to evaluate the cost of the carica candied supply chain activity to improve performance.</p> <p>Keywords: Candied carica, performance, supply chain, SCOR</p> Dewanti Risa Utami, Any Suryantini, Dwidjono Hadi Darwanto Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/37935 Thu, 31 Mar 2022 00:00:00 +0700 The Impact of Covid-19 Pandemic to Palm Oil Companies Stock in Indonesia https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/37919 <p>The purpose of this study was to analyze the differences in the average abnormal return, the average trading volume of activity, and the average bid-ask spread on the stock of oil palm companies in Indonesia before and after the announcement of New Normal in Indonesia and the opening of lockdown in the country export destination. In this study, three countries were taken by the Netherlands, Malaysia, and Singapore. 13 companies sampled in this study are determined using purposive sampling techniques. The data used in this study are secondary data accessed by researchers through the Yahoo Finance website and the Indonesia Stock Exchange. The variables used in this study are abnormal returns, trading volume activities, and bid-ask spreads. The testing carried out in this study used a paired t-test and tested Wilcoxon test. The results of this study indicate: (1) The results of statistical testing on the average abnormal return during the event, there is a difference in the normal new event in Indonesia, the opening of lockdown in the Netherlands and Singapore. The average value of the abnormal return is positive, so it can be concluded that this event is categorized as good news. (2) The results of statistical testing on the average trading volume activity during the event show a difference in the opening of the lockdown in Malaysia. (3) The results of testing at the average bid-ask spread during the event show a difference in the opening of the lockdown in Malaysia.</p> <p>Keywords: Covid-19, palm oil, abnormal return, trading volume activity, bid-ask spread</p> Hardi Dominikus Bancin, Eva Dolorosa, Erlinda Yurisinthae Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/37919 Thu, 31 Mar 2022 00:00:00 +0700 Business Development Strategy for Chocolate Rangginang Products at Kang Asrok’s Micro Small Business in Banjar City West Java Province https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38326 <p>Kang Asrok is a small micro-business engaged in the food processing industry, namely rangicok, which uses rangginang as a basic ingredient that is innovated with various flavors to become today's food that maintains the existence of traditional food. This study aims to analyze internal and external environmental factors: weaknesses, strengths, threats, and opportunities, formulate strategic alternatives and formulate business strategy priorities that can be a recommendation for Kang Asrok. This study uses primary data from the questionnaire of 3 experts, observation and interview with the owner, and an online survey of 20 respondents. This study uses a three-stage analysis consisting of the input stage, the matching stage, and the decision stage. This study was conducted using analysis tools such as the SWOT matrix, IFE, and EFE matrix, IE matrix, and QSP matrix. The results showed that Kang Asrok was in quadrant IV, which means the right strategy is growth and build. Based on the QSP matrix, the right strategy to be applied is market penetration to create brand awareness of the community towards the product got a STAS score of 5,30.</p> <p>Keywords: processing industry, QSPM, traditional food, SWOT</p> Shafira Mellania Rahayu Pamungkas, Yusalina, Ratna Winandi Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38326 Thu, 31 Mar 2022 00:00:00 +0700 Mapping Fisheries Cold Chain in Western Java Using a Value Chain Perspective https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38485 <p>The fisheries sector is one of Indonesia's promising industries. This industry accounts for approximately 2.6 percent of total national GDP. However, fishery products are perishable and contribute to a total loss of approximately 40due to the fishery cold chain implementation was not yet optimal. Cold chain facilities were out of reach for small fisheries due to the large investments required. The study aimed to describe the current state of fisheries cold chain implementation. In the fisheries value chain, value chain mapping was used to enable fact-finding and linkage between existing conditions, chain actors, and governance. The research was carried out in two areas: Banten and West Java. The research conducted 90 interviews with fishermen, 9 collecting traders, 6 big traders, and 6 transporters. The research found that there are numerous channels in the chain governance. These channels have different requirements and demands in both traditional and modern markets. Furthermore, the fisheries cold chains in both regions varied based on key features and the inclusion of small stakeholders in the business relation. In conclusion, limited cold chain infrastructures were utilized by the actors directly and indirectly for decent work and reduce poverty.</p> <p>Keywords: cold chain, fisheries industry, SDG 1, SDG 8, value chain analysis</p> Galih Arista, Siti Jahroh, Dikky Indrawan Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/38485 Thu, 31 Mar 2022 00:00:00 +0700 The Efficiency of The Spot Market And Crude Palm Oil (CPO) Commodity Futures Market Before and During The Covid-19 Pandemic in Indonesia https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40165 <p>CPO prices fluctuation cause price uncertainty formed in the future. Hedging is an activity carried out by market participants to mitigate the risk of price fluctuations. The Covid-19 pandemic disrupts the supply and demand of CPO, affecting price alteration, especially in the spot and futures markets. This study determines market efficiency and the CPO price asymmetry relationship between the Medan spot market, the Jakarta futures market, the Malaysian futures market, and the Rotterdam forward market prior to and during the COVID-19 pandemic. The data used in this study are daily price data on each market from January 2016 to December 2020. They are analyzed using the NARDL model. There is a price asymmetry relationship between the spot and futures markets preceding and during the covid-19 pandemic. The increase in CPO prices causes a more significant impact than the decline in prices in the long term. In addition, there is also a long-term and short-term efficient relationship between the spot market and the futures market for CPO commodities. Thus, the hedging function performed by the CPO commodity market participants will run effectively.</p> <p>Keywords: CPO Price, NARDL Model, Market Efficiency, Cointegration, Pandemic Covid-19</p> Abel Gandhy, Harianto, Rita Nurmalina, Suharno Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40165 Thu, 31 Mar 2022 00:00:00 +0700 Strategy for Knowledge Management Sustainability: A Lesson from The Industrial Automation Unit https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40675 <p>Organizational knowledge is a combination of individual’s knowledge within the organization. Specialize individual knowledge is developed inside the organization. Therefore, it should belong to the organization and be stored in the organization. The Industrial Automation (IA) department implements simple knowledge management (KM) in the form of a web blog. However, the KM implementation becomes inconsistent. This inconsistency can lead to knowledge loss and knowledge gaps if there are individual changes within the organization. This study aims to analyze the condition of the IA department’s KM, analyze the factors that affect the sustainability of IA’s KM and formulate strategies for the sustainability of IA’s KM. The analysis of KM is carried out with the following factors: culture, training and development, reward, performance system, and technology. Supervisor’s order is still something that can help to build the knowledge-sharing habit. Employees do not get training regularly. Employees feel that they have not received good appreciation for the knowledge sharing and have not been included in the performance appraisal. Technology has been well adopted in KM. SEM-PLS analysis shows that training and development is a significant factor of KM sustainability. SEM-PLS result and content analysis construct managerial implication and KM sustainability strategies formula: develop a yearly training plan, establish problem-solving forum, and improving KMS implementation.</p> <p>Keywords: content analysis, knowledge management, SEM-PLS, sustainability, training</p> Dian Purnomo Adi, Idqan Fahmi, Mukhamad Najib Copyright (c) 2022 Jurnal Manajemen & Agribisnis https://jma.journal.ipb.ac.id/index.php/jmagr/article/view/40675 Thu, 31 Mar 2022 00:00:00 +0700