IJSTR

International Journal of Scientific & Technology Research

IJSTR@Facebook IJSTR@Twitter IJSTR@Linkedin
Home About Us Scope Editorial Board Blog/Latest News Contact Us
CALL FOR PAPERS
AUTHORS
DOWNLOADS
CONTACT
QR CODE
IJSTR-QR Code

IJSTR >> Volume 7 - Issue 11, November 2018 Edition



International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616



Strategy Of Financial Efficiency Of Coal Companies In Indonesia In The Era Of Disruption

[Full Text]

 

AUTHOR(S)

Asrid Juniar, Isti Fadah, Rini Rahmawati

 

KEYWORDS

Efficiency, DEA, Coal Company, SWOT Analysis

 

ABSTRACT

This study aims to determine the level of financial efficiency of coal companies listed on the Indonesia Stock Exchange and the strategies that must be done to achieve a good level of financial efficiency. The sampling technique uses purposive sampling method and produces 11 (eleven) companies as research samples. Data analysis techniques used are Data Envelopment Analysis (DEA) to measure the level of financial efficiency of coal companies for 2015-2016, and SWOT analysis to determine the strategies that must be carried out by the company. Based on the results of data analysis, it was found that 10 (ten) coal companies were efficient in 2015, then 9 (nine) efficient companies in 2016. The strategy that must be applied by coal companies to obtain good financial efficiency based on SWOT analysis matrix must use aggressive strategies (quadrant 1). The strategy that must be done is to maintain good efficiency and calculate the exact costs associated with US$ currency. In addition, the company must also increase EPS to increase investor confidence. Another strategy is to increase production volumes for coal exports to importing countries and increase exports so that revenue and total assets increase with the strengthening of US$ and hedging to anticipate price fluctuations and the exchange rate of Rupiah to US$ by making a payment agreement contract.

 

REFERENCES

[1]. Istatuk Budi Yuswanto, Bhayangkara W D, and Isti Fadah, "Performance Improvement Strategic Home Based Manufacturer Tahu And Tempe Groups Based In The District Of Jember," International Journal Of Scientific & Technology Research, pp. 23-27, 2017. [Online].http://www.ijstr.org/paper-references.php

[2]. Muliaman D Hadad, Wimboh Santoso, Dhaniel Ilyas, and Eugenia Mardanugraha, "Analisis Efisiensi Industri Perbankan Indonesia: Penggunaan Metode Nonparametrik Data Envelopment Analysis," Working Paper Bank Indonesia, pp. 1-29, 2003. [Online]. http://www.bi.go.id/id/publikasi/perbankan-dan-stabilitas/riset/Default.aspx
[3]. Robert M Grant, Contemporary Strategy Analysis. Malden: Blacwelln Publishing, 2005.

[4]. Mehran Ali Memon and Izah Mohd Tahir, "Relative Efficiency of Manufacturing Companies in Pakistan Using DEA," International Journal of Business and Commerce, vol. 1, no. 3, pp. 10-27, 2011. [Online]. http://www.ijbcnet.com/vol1no3nov2011.htm
[5]. Abraham Charnes, William W Cooper, and Edwardo L Rhodes, "Measuring the Efficiency of Decision Making Units," European Journal of Operation Research, vol. 2, no. 6, pp. .429-444,1978. [Online]. https://www.sciencedirect.com/science/article/abs/ pii

[6]. Ramakrishnan Ramanathan, An Introduction to Data Envelopment Analysis : A Tool for Performance Measurement. London: Sage Publication, 2003.

[7]. William W Cooper, Lawrence M Seiford, and Kaoru Tone, Data Envelopment Analysis : A Comprehensive Text with Models, Application, References, and DEA-Solver Software. New York: Springer Science+Business Media, 2007.

[8]. Rajiv D Banker, Abraham Charnes, and William W Cooper, "Some Model for Estimating Technical and Scale Inefficiencies in Data Envelopment Analysis," Management Science, vol. 30, no. 9, pp. 1078-1092,1984. [Online]. http://www.jstor.org/stable/ 2631725?origin=JSTOR-pdf

[9]. Sabah Al-Najjar and Mustafa Al-Jaybajy, "Application of Data Envelopment Analysis to Measure the Technical Efficiency of Oil Refineries: A Case Study," International Journal of Business Administration, vol. 3, pp. 64-77, 2012. [Online]. http://www.sciedu.ca /journal/index.php/ijba/article/viewFile/1736/854

[10]. Amir Hemmasi, Mohammad Talaeipour, H Khademi-Eslam, R Farzipoor Sean, and Shademan Pourmousa, "Using DEA window analysis for performance evaluation of Iranian wood panels industry," African Journal of Agricultural Research, vol. 6, no. 7, pp. 1802-1806, 2011. [Online]. https://www.researchgate.net/publication/268416910_Using_DEA_window_analysis_for_performance_evaluation_of_Iranian_wood_panels_industry

[11]. Freddy Rangkuti, Analisis SWOT Teknik Membedah Kasus Bisnis. Jakarta: Gramedia Pustaka Utama, 2006.

[12]. Istatuk Budi, W. D. Bhayangkara, and Isti Fadah, "Identification of Problems and Strategies of the Home-Based Industry in Jember Regency," Agriculture and Agricultural Science Procedia, pp. 363-370, 2016. [Online].https://www.sciencedirect.com/science/article/pii/S2210784316301516

[13]. Uma Sekaran and Roger Bougie, Metode Penelitian untuk Bisnis. Jakarta: Salemba Empat, 2017.

[14]. Ahmad Hosseinzadeh, Russel Smyth, Abbas Valadkhani, and Viet Le, "Analyzing the Efficiency Performance of Major Australian Mining Company using Bootstrap Data Environment Analysis," Economic Modelling Science Direct Elsevier, vol. 57, pp. 26-35,2016.[Online].https://www.sciencedirect.com/ journal/economic-modelling/vol/57/suppl/C

[15]. Lai Wang Wang, Tuyen Thanh Tran, and Nhu Ty Nguyen, "An Empirical Study of Hybrid DEA and Grey System Theory on Analyzing Performance : A Case from Indian Mining Industry," Journal of Applied Mathematics, pp. 1-15, 2015. [Online]. https://www.hindawi.com/journals/jam/2015/395360/