Economic Decision-Making and Risk Management

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

Economic Decision-Making and Risk Management

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

Economic Decision-Making and Risk Management–A Relation Between From the Banking Perspective

Because of the recent financial crisis in the United States that shook the financial sector, the need for adopting effective Risk Management practices has increased. Essentially, the volatility of the sector calls for an augmented re-evaluation of the framework, as well as the components of uncertainty management practices by commercial banks, regulatory agencies, and scholars. By doing so, the stakeholders in the financial sector would ensure the conformity to the best practices. To further fortify this, the research herein uses the Ames National Corporation (ANC), which is a commercial Bank in Iowa, USA, as a case study. The institution risk profile and risk management practices are evaluated to give insights on conforming to the best international practices. The research also seeks to establish whether effective risk management results in enhanced performance and profitability for financial institutions.Stating areas on which further research should be conducted is how the study is concluded.

DAMPAK PROSES RESETTLEMENT AREA VILAGES TERHADAP PERUBAHAN SISTEM SOSIAL EKONOMI MASYARAKAT (Studi Pada Masyarakat Kampung Tanah Merah Kabupaten Teluk Bintuni)

BP LNG Tangguh adalah salah satu Multi National Corporation yang saat ini melakukan kegiatan ekplorasi gas alam cair (liquid natural gas) di Kabupaten Teluk Bintuni Provinsi Papua Barat. Kehadiran BP LNG Tangguh di Kabupaten Teluk Bintuni terhitung sejak tahun 2002 hingga saat ini. Kampung Tanah Merah adalah salah satu dari beberapa kampung di Teluk Bintuni yang terkena dampak dari kegiatan operasional BP LNG Tangguh karena areal tersebut dijadikan sebagai lokasi pembangunan kilang gas. Pembangunan kilang gas alam cair di areal Kampung Tanah Merah menjadi salah satu alasan kunci bagi BP Tangguh untuk merelokasi warga Tanah Merah dari kampung mereka ke lokasi baru yang dipilih. Pemilihan lokasi bagi masyarakat Tanah Merah dilakukan berdasarkan persetujuan dari berbagai pihak dengan menentukan lokasi seluas 200 Ha disebelah Kali Saengga yang merupakan wilayah Kampung Saengga. BP Tangguh memfasilitasi semua proses perpindahan penduduk mulai dari pembangunan pemukiman, sarana pra sarana dan memfasilitasi proses perpindahannya. Perpindahan masyarakat Tanah Merah dari kampung lama ke kampung baru tentunya menimbulkan permasalahan dimana lokasi yang dipilih tidak memiliki potensi baik lahan pertanian maupun areal melaut bagi masyarakat. Masyarakat mengalami perubahan pada kondisi sosial ekonomi karena sebelum direlokasi mereka bekerja sebagai nelayan penangkap udang dengan penghasilan yang sangat cukup bagi mereka. Setelah dipindahkan ke kampung baru mereka tidak lagi dapat menangkap udang namun mereka dipaksa bekerja sebagai petani. Kondisi tanah dan luasan lahan yang disediakan untuk lokasi pertanian tidak memadai sehingga tidak memberikan hasil pertanian yang baik bagi masyarakat. Masyarakat tidak dapat menyesuaikan diri dengan pekerjaan sebagai petani dan sebagai akibatnya mereka mengalami penurunan tingkat pendapatan.

Dialektika Regulasi Pertambangan Pemerintah Indonesia dan PT Freeport Indonesia melalui Pendekatan Obsolescing Bargaining Model

Implementasi UU No. 4 Tahun 2009 tentang Pertambangan Mineral dan Batubara di Indonesia menjadi awal dari polemik renegosiasi kebijakan dan kepentingan ekonomi politik yang berlawanan di antara Pemerintah Indonesia (Host State) dan PT Freeport Indonesia (Multi National Corporation). Artikel ini akan menganalisis bagaimana proses renegosiasi Izin Usaha Pertambangan Khusus (IUPK) yang tertera di dalam UU No. 4 Tahun 2009 melalui skenario daya tawar (bargaining power) di antara kedua aktor yang bertikai. Analisis dilakukan melalui pendekatan kualitatif dengan metode analisis deskriptif yang bersumber pada studi kepustakaan. Penulis akan menitikberatkan analisis melalui spektrum paradigma neomerkantilisme untuk melakukan eksplorasi variabel yang lebih berorientasi pada kepentingan negara (state centric model of bargaining). Melalui pendekatan tersebut, Pemerintah Indonesia dan PT Freeport Indonesia akan diartikulasikan posisi tawarnya melalui Obsolescing Bargaining Model. Hasil analisis mengacu pada posisi dominan Pemerintah Indonesia dalam proses renegosiasi IUPK sehingga hasil artikulasi daya tawar akan lebih berorientasi pada keuntungan Pemerintah Indonesia sebagai Host-State.

IKEA in Indonesia: The Synergy of Swedish Public Diplomacy and Nation Branding

Public diplomacy and nation-branding are two popular concepts and closely related to diplomacy activities by both state and non-state actors. Szondi discusses the possible inter-connections of the two concepts and formulates understanding on how his concept can help to explain the various attempts of both state and non-state actors in achieving national interest. The unit analysis of this study is Sweden as state actor and IKEA as multi-national corporation. The existence of IKEA as company with its global-popular brand has becoming concerns for further research particularly on how IKEA brand as the instrument to supports Sweden’s public diplomacy. This study aims to analyze Swedish public diplomacy and nation-branding in Indonesia through the IKEA brand as the case study and by using the model of public diplomacy and nation-branding proposed by Szondi. The study uses qualitative method with data collection carried out through documentation studies from 2014-2018. The findings indicate that the IKEA brand has unique characteristics. In Szondi’s model, IKEA brand positioned in the incision between the area of public diplomacy activities and the area of nation-branding, which is described by Szondi as the fourth model. Through the IKEA brand, there is a synergy between Swedish public diplomacy activities and its nation- branding strategy. The IKEA brand has succeeded not only in the promotion of its products or companies, but also contributed to a positive image and reputation of Sweden and, increase social and economic engagement with Indonesia.

A micro-level view on knowledge co-creation through university-industry collaboration in a multi-national corporation

PurposeTechnology transfer (TT) in industry to university collaboration (UIC) literature focuses primarily on a macro view within an SME environment. While these discussions are important to establish the significance of encouraging UIC's as the value is important to both parties, there is a need for further research at a micro level to help understand key approaches to ensuring the success of the TT. By looking at how value created from TT for a multi-national corporation (MNC) with a project based within a single subsidiary, this research effectively looks at the issue from both a SME level (the subsidiary independently) and a MNC level.Design/methodology/approachThe research uses a longitudinal knowledge transfer partnership and action research to form a case study of Parker Hannifin's Gas Separation and Filtration Europe, Middle East and Africa (GSFE) division.FindingsThe research highlights the key areas to focus on in ensuring a successful TT within an UIC such as: once identifying the gap that a UIC is filling in the company, identifying internal barriers before the project starts; education of why change is necessary and then using knowledge experts to educate on the new processes being introduced and finally; incorporation of a full range of personnel, not just those directly involved in the day-to-day of the UIC.Research limitations/implicationsAs a case study, further research is required to make the results more generalisable. One way to do this would be to evaluate previous successful and unsuccessful UIC's and determine if the success criteria identified were present in these programmes.Practical implicationsThere are three critical points that can be taken away from this research and applied to any company looking to use UIC for TT and value co-creation. Education, external knowledge experts and business wide inclusion were highlighted in the findings as being potentially critical turning points and need to be addressed for successful TT.Social implicationsSuccessful UIC's further encourage investment in such programmes which has greater societal benefits. Not only can we see greater leaps in industry through better, more specific knowledge being transferred from the university, the industry knowledge fed into universities helps to guide research and teachings.Originality/valueThe micro level view created by action research based from the industry partner perspective adds another level of importance as the “how” for overcoming barriers is clearly addressed. Furthermore, the research looks at how a multi-national corporation can have value added through UIC's within subsidiaries which often is not addressed in the literature.